ASPECTIVE & NOVATEL

Aspective and Novatel Wireless have formed a partnership whereby Aspective will provide Novatel Wireless’ “Merlin G201” wireless PC card modem to its corporate customers with its complete wireless e-Business solutions. The “Merlin G201” enables fast, secure transfer of wireless data on GSM/GPRS networks, providing access to email, corporate applications and the Internet using both PCs and PDAs. Aspective is a major provider of mobile enterprise solutions in Europe, offering its clients a complete one-stop-shop for mobile e-Business services by bringing applications, devices and airtime together under a single contract.
Aspective customers include: Heineken, Pirelli, Electrolux, Janssen-Cilag and Commerzbank.

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DIEBOLD EXECUTIVE

Diebold has named William Rosenberg, formerly with Emerson Electric and Creative Management Services, as VP of corporate development. Rosenberg will help Diebold identify and consummate successful corporate growth strategies and investments with an emphasis on acquisitions and strategic partnerships. Diebold employs more than 13,000 associates with representation in more than 88 countries worldwide.

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PEOPLE’S 2Q/02

While CT-based People’s Bank credit card portfolio has significantly contracted over the past twelve months, its managed net charge-offs for have decreased for three consecutive quarters, and managed delinquencies have declined five consecutive quarters. From the peak level in 3Q/01, managed net charge-offs improved $14.3 million, or 22%, and were $5.1 million, or 9%, lower than the first quarter of this year. Managed delinquencies declined $19 million, or 16%, from the first quarter. Net charge-offs (as a percentage of average managed loans) for credit cards were 6.91%, compared to 6.95% for 1Q/02 and 6.99% for 2Q/01. Delinquencies as a percentage of quarter-end managed loans for the credit card services segment were 3.56% compared to 3.97% for 1Q02 and 4.11% for 2Q01. Average managed loans for credit card services declined $633 million, or 18%, from 2Q01. For complete details on People’s 2Q/02 performance visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

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EQUIFAX 2Q/02

Equifax Inc. reported second quarter net income of $47 million, an increase of 7% over last year. However revenues of $270 million, were down 4% compared to one year ago. The company also reported that its North America “Direct-to-Consumer” 2Q revenues were up 36%, to $9 million. Equifax is currently beefing-up its Small Business Financial Exchange. With the addition of 13 million records, Equifax will have over 20 million financial records representing approximately 10 million small businesses in the U.S. For complete details on Equifax’s 2Q/02 results visit CardData ([www.cardata.com][1]).

[1]: http://www.carddata.com

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QUALTEQ SOLID

Germany’s AmaTech AG filed for insolvency last week after determining it is unable to meet current payment of obligations. However New Jersey-based QualTeq, an AmaTech subsidiary, says it remains strong and will not be affected by the insolvency. QualTeq is a separate Delaware incorporated entity and is independently financed in the U.S. QualTeq continues to operate as a separate business and is currently seeking a partner to continue growth in the North American plastic card industry.

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AMATECH INSOLVENT

Pfronton-based AmaTech AG has filed for insolvency today in Kempten after determining it is unable to meet current payment of obligations. However New Jersey-based QualTeq, an AmaTech subsidiary, remains strong and will not be affected by the insolvency. QualTeq is a separate Delaware incorporated entity and is independently financed in the U.S. QualTeq continues to operate as a separate business and is currently seeking a partner to continue growth in the North American plastic card industry.

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DIEBOLD CONTRACTS

China Construction Bank has signed two contracts with a total value of more than US$15 million to Diebold. Under the agreements with CCB,
Diebold will introduce its new 3030 Bulk Cash Recycler Model, in addition to cash dispensers and advanced function ATMs for CCB branches in more than 20 provinces nationwide. The introduction of 20 Diebold 3030 BCRMs serves as a pilot program at CCB, Shanghai branch. The terminals will provide enhanced aervice to CCB’s Dragon Card holders who want to pay their housing loans or process stock transactions using the self-service terminals.

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FARGO DEAL

An Australian state government agency, responsible for issuing driver’s licenses, has purchased more than 200 of Fargo’s HDP820 Card Printer/Encoders through an Australian import supplier. The agency will use the Fargo card personalization systems to issue over five million new and replacement state driver’s licenses during the next five years. The agency has more than 4.5 million driver’s licenses currently issued.

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