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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GPN 2Q/02

Atlanta-based Global Payments reported that revenue for the quarter ending May 31st was $121 million, an 18% increase over the prior year. Net income for the quarter of $11.8 million compared to $8.7 million in the prior year for a 36% increase. On a GAAP basis, for the fiscal year ending May 31st, revenue was $462.8 million and net income was $23.8 million. The GAAP basis fiscal year 2002 results include a $24.6 million trademark impairment charge relating to a change in accounting principle. This change was due, in part, of a MasterCard buyout. Global has determined it will no longer be marketing under MasterCard’s Merchant Automated Point-of-Sale Program brand. For complete details on GPN’s latest quarterly results visit CardData ([www.carddata.com][1]).

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

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HOUSEHOLD 2Q/02

Household reported that its managed basis 60+ days delinquency ratio was 4.53%, down 10 bps from 4.63% at the end of March. Active accounts at the end of the second quarter were 10,224,000, a 12.7% increase over 2Q/01. The improvement in delinquency was led by its VISA and MasterCard portfolio. The managed basis delinquency ratio was 4.27% a year ago. The annualized managed basis net charge-off ratio for the second quarter of 4.26% was 17 bps higher than the first quarter and 55 bps higher than a year ago. VISA and MasterCard charge volume for 2Q/02 was $17,133,910,000, a 2.9% increase over 2Q/01. Household’s bank credit card portfolio had $15,373,368,000 in outstandings as of June 30th, a 3.2% gain over the same quarter in 2001. For complete details on Household’s 2Q/02 performance visit CardData ([www.carddata.com][1]).

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

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