MASTERCARD ASIA-PACIFIC

MasterCard’s charge volume in Asia-Pacific increased 19.77% last year with the highest growth coming from Japan and Korea. MasterCard had US$146.8 billion in volume as Japan and Korea increased by 40%. Volume in China was up 18%. Total credit cards in circulation for the region was 99.6 million and debit cards stood at 135 million. According to MasterCard, only 10% of the region’s three billion people use credit cards.

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E-CHECK PATENTS

Further to a news release dated January 16,
2002, LML Payment Systems Inc. is
pleased to
announce its subsidiary LML Patent Corp. has received notification from the
United States Patent and Trademark Office that patent application serial no.
09/851,609 has been approved, resulting in the issuance of United States
Patent
No. 6,354,491. The new patent addresses electronic check processing and
relates to existing United States Patent Nos. 5,484,988, 6,164,528 and
6,283,366, all of which are owned by the Corporation’s subsidiary, LML Patent
Corp., and all of which address electronic check transactions.

“We are pleased with the development of our intellectual property estate that
now includes four patents all of which describe electronic checking. Clearly,
our aim will be to generate revenue streams through our intellectual property
licensing program which, with this latest issuance, goes hand in hand with
enforcement of our intellectual property rights,” said Corporation President
and CEO, Patrick H. Gaines.

The Corporation, through its subsidiary LML Payment Systems Corp., is a
financial payment processor providing check processing solutions including
electronic check authorization, electronic check conversion (ECC) and primary
and secondary check collection including electronic check re-presentment (RCK)
to national, regional and local retailers. We also provide selective routing
of debit, credit and EBT transactions to third party processors and banks for
authorization and settlement. The Corporation’s intellectual property estate,
owned by subsidiary LML Patent Corp, includes U.S. Patent No. 6,354,491, No.
6,283,366, No. 6,164,528 and No. 5,484,988 which describe electronic check
processing methods.

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Smart Card PCs

Smart card readers imbedded in personal computer keyboards and laptop computers are getting a boost from Panasonic and Keytronics. Indeed, the migration of PCs to smart cards is critical to the mass deployment and development of smart credit cards in the USA. Panasonic Computer Solutions Company yesterday announced that it has beefed up its Toughbook portable computers with a Mobile Intel Pentium 4 processor. The new chip will make the Panasonic laptop the fastest laptop with smart card capabilities. The company said that since the events of September 11th,they have seen a significant increase in smart card interest, especially from the federal government, one of the larger customers for the Toughbook 48 and its predecessor the Toughbook 47. Panasonic is working under the Department of Defense’s Smart Card mandate. The new Toughbook 48 with integrated Smart Card reader enables users to load their agency issue smart card solution for access protection on both the computer and physical authentication ability. The integrated reader is an advantage over an external solution that can be lost or broken or a PC Card solution that occupies a slot that is needed for other requirements. Key Tronic Corporation has been manufacturing smart card readers imbedded in PC keyboards since 1998. (CF Library 11/17/98)

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ORCC’s CFO

Online Resources Corp., a leading outsourcer of e-financial services, announced that Catherine Graham will join the Company as Executive Vice President and Chief Financial Officer effective March 29, 2002. Graham will focus on the general financial management of the Company, with particular attention paid to broadening the investor base and exploring strategic business opportunities.

“Cathy comes to us with 20 years of experience in the banking and technology fields,” said Online Resources Chairman and CEO Matthew P. Lawlor. “Her experience in taking three companies public and building businesses via strategic acquisitions will be invaluable to Online Resources as we look for alternatives to expand our distribution channel.”

Graham comes to Online Resources after serving as CFO of VIA NET.WORKS, Inc., where in addition to managing the company’s initial public offering, she also negotiated the acquisition of 26 companies in 14 countries over a 24-month period. Prior to VIA NET.WORKS, Graham was Vice President of Finance and Investor Relations Officer for Yurie Systems and headed the transition team after the sale of the company to Lucent Technologies. Graham has also held financial executive positions with Smith Barney, First National Bank of Maryland and Maryland National Bank.

Graham holds an M.B.A. from Loyola College in Maryland and a B.A in economics from the University of Maryland.

About Online Resources

Online Resources (Nasdaq:ORCC – [www.orcc.com][1]) is a leading outsourcer of e-financial services, with over 500 bank and credit union clients. The company’s comprehensive Quotien(SM) suite of services provides Internet banking, electronic bill payment-presentment, and other consumer and small business. e-finance applications. The company performs 24×7 customer care and consumer marketing services, giving clients the benefit of a single, integrated solution, backed by a unique end-to-end service guarantee and real-time transaction capabilities. Online Resources processes approximately 70 million transactions annually, including $3.5 billion in consumer bill payments.

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

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TransFirst Buys DPI

TransFirst has acquired DPI Merchant Services, the exclusively endorsed provider of merchant services for the Electronic Retailing Association. DPI is a domestic mail order and Internet payment processor specializing in software, batch, and e-commerce transaction driven solutions. DPI reported $850 million in processing volume last year. TransFirst was recapitalized in 2000 by GTCR Golder Rauner and is looking for strategic acquisitions and mergers. TransFirst recently merged with PulseCard. PulseCard is a health services transaction processing firm with $500 million in annual transactions. TransFirst serves nearly 400 community banks and 44,500 merchant customers nationwide and reported more than $3 billion in processing volume last year. (CF Library 1/25/02)

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GASPER MANAGER

Gasper Corporation, the leading
provider of self-service management solutions, announced the
licensing of
its Gasper Manager software to State Bank of Mauritius. The leading
Commercial Bank in Mauritius–an island country in the Indian Ocean–and the
winner of the 2001 Bank of the Year Award for Mauritius, SBM is recognized as
one of the world’s top 1,000 banks. State Bank of Mauritius will use Gasper
Manager to effectively manage its ATM network, and to improve the availability
of ATMs in Mauritius as well as nearby branches in India.

“SBM requires reliable software that allows us to improve our banking
infrastructure, while supporting our continuing efforts to modernize and
globalize,” said Sailesh Sewpaul, Team Leader of Online Services for SBM.
“Gasper Manager allows our ATMs to operate reliably, so that our banking
services are more convenient and easily accessible.”

Gasper Manager will enable SBM to monitor the performance of the ATM network,
identify a problem if one should occur, and resolve it in the shortest
possible
time. Gasper manger works with SBM’s service provider to effectively address
and resolve ATM support and maintenance quickly and easily. Additionally, SBM
will benefit from Gasper Manager’s accurate reporting features, which provide
up-to-date information about the status of the network and the performance of
the service providers.

“We are happy to see State Bank of Mauritius join Gasper’s community of users
from around the world,” said Kamal Sibai, Sales Manager of Gasper Corp. for
Middle East Africa and Eastern Europe. “Our solution will help SBM improve
availability of its ATM network that will support the Bank’s goal of offering
the best service to its customers.”

Gasper Manager is used in over 170 financial institutions around the world,
managing a range of self-service terminals from various vendors.

About State Bank of Mauritius

State Bank of Mauritius (SBM) was founded in 1973 and is the largest
company in
Mauritius as measured by market capitalization, commanding just under 27
percent of market share in domestic commercial banking business. In the
domestic market, SBM has a leading position in information technology and the
lowest cost-to-income ratio in the industry. SBM’s delivery network
includes 45
branches and counters, 85 ATMs, and 1,000 point-of-sale merchant terminals
serving over 380,000 individuals and business customers. Apart from commercial
banking, SBM through its subsidiaries and associates also offers financial
leasing, investment banking, fiduciary, stock broking and asset management
services.

The Bank opened its first overseas branch in Mumbai (India) in 1994 and has
since then opened two additional branches, one in Chennai and one in
Hyderabad.

In 1998, the bank started operations in Madagascar through its subsidiary
bank,
Banque SBM Madagascar. The overseas operations focus mainly on corporate
banking, trade finance, correspondent banking and treasury services to
business
customers. The Banker recently named SBM its 2001 Bank of the Year for
Mauritius. The award reflects outstanding quality and innovation in the
financial world, and the 106 individual country winners represent the cream of
the global banking community.

About Gasper Corporation

Gasper Corporation, a leading provider of Self-Service management software,
offers comprehensive solutions that are specifically tailored to solve
Self-Service management problems. The company’s solutions monitor Self-Service
Terminals (SSTs) and manage the entire SST support process to maximize SST
availability, profitability and customer satisfaction for SST networks
worldwide. Headquartered in Dayton, Ohio, the company’s solutions are used to
manage more than 170,000 SSTs worldwide. Visit the Gasper Corporation web site
at www.gasper-corp.com.

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Destination Points

American Express has launched its first destination-wide double Membership Rewards points program since the program’s inception in 1989. Yesterday, the Orlando/Orange County Convention & Visitors Bureau and AmEx teamed up to offer double points at more than 50 Orlando establishments including accommodations, retail outlets, restaurants, attractions and golf courses. The program will run from May 1 through June 30.

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EMV + UCAF

MasterCard International and Europay International announced a unified solution for authenticating EMV smart card cardholders using MasterCard’s Universal Cardholder Authentication Field as a standard. The solution will be able to extend a payment guarantee to online merchants. Once read through the PC reader, the EMV smart card can serve to both authenticate the cardholder at the time of the transaction and provide a cryptographic signature for the main transaction data elements, thereby completing the authentication cycle. MasterCard is currently supporting 90 EMV chip migration projects in Europe. Europe’s first EMV smart card and card reader combination utilizing the UCAF railway are underway. Germany’s EURO Kartensysteme has recently teamed up with other key industry players to deploy this combined solution to its German-based cardholders. In MasterCard’s European region, online transactions will be guaranteed when both merchant and acquirer support the UCAF specification, effective April 2002. In the U.S., plans are currently under review for the payment guarantee to be extended for fully authenticated cross-border online transactions in the fourth quarter of this year.

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Smart Gaming Card

San Francisco-based Performance Technology is gearing up to begin a pilot using the PlayersCash stored value smart chip and magnetic stripe cards. The pilot will consist of 300 participants using their eConnect eCashPad, inserting their PlayersCash card in their eCashPad and then using a Web site to load value from their checking account. Consumers can “Cash Out” to their PlayersCash card and funds will be moved from the merchant bank account to the card bank account. OffTrackBettingOnLine.com was started by Bentley Communications to address the market of same as cash Off Track Betting gaming, and will be the participating gaming company in the pilot.

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GEMPLUS CFO

Following the departure of Steven Gomo, we confirm that Yves Guillaumot has assumed the responsibilities of Chief Financial Officer on an interim basis until a permanent successor is appointed.

Frederic Spagnou, Chief Operating Officer since May 2000, will be leaving Gemplus on March 31, 2002. Frederic’s responsibilities have been allocated to managers within the Group.

About Gemplus

GEMPLUS: the world’s number one provider of solutions empowered by Smart Cards

Gemplus helps its clients offer an exceptional range of portable, personalized solutions that bring security and convenience to people’s lives. These include mobile Internet access, inter-operable banking facilities, e-commerce, and a wealth of other applications.

Gemplus is the only completely dedicated, truly global player in the Smart Card industry, with the largest R&D team, unrivalled experience, and an outstanding track record of technological innovation.

Gemplus trades its shares on Euronext Paris S.A. First Market and on the Nasdaq Stock Market as GEMP in the form of ADSs. Its revenue in 2001 was 1.023 Billion Euros. It employs 6721 people in 37 countries throughout the world.

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Ranier Pacific i-Wealthview

Fincentric Corporation, a leading global provider of enterprise wealth management and core banking software, announced it has signed a software licensing agreement with Rainier Pacific Bank, a US community bank. The initial agreement includes licensing, implementation, and maintenance for Fincentric’s core banking and wealth management system, i-Wealthview. The Fincentric systems, to be implemented in the second half of 2002 with additional functionality added in first half of 2003, will enable Rainier Pacific to manage its customers’ total net worth, and to cost-effectively offer enhanced services to its customer base.

Based in Tacoma, WA, Rainier Pacific Bank manages US $465 million of assets for more than 43,000 customers in the Pacific Northwest. It provides a full range of banking services, property and casualty insurance, and financial planning and investment services. The Bank will be implementing Fincentric’s full suite of wealth management products to accommodate its converged offering of banking, insurance, and investment services. Modules of i-Wealthview to be implemented by Rainier Pacific include i-Wealthview Banking(tm), i-Wealthview Data Aggregation(tm), i-Wealthview Enterprise Server(tm), and i-Wealthview Personal Portal(tm), which will provide Rainier Pacific customers a single-point-of access to their entire financial services portfolio.

“We were impressed with Fincentric’s vision and product development direction, which are very much in-line with our strategic business goals and vision,” said John Hall, Rainier Pacific’s president and CEO. “By possessing a complete view of the customers’ financial information, we can have a better understanding of their current outlook and provide financial products to meet their long term goals.

“As Rainier Pacific continues its course of rapid growth, wealth management capabilities will be a competitive advantage that differentiates their services in the marketplace,” said Mike Cardiff, Fincentric president and CEO. “The i-Wealthview system will serve as the catalyst for enabling Rainier Pacific Bank to increase customer retention and profitability.”

About Fincentric

Fincentric Corporation is a leading global provider of enterprise wealth management and core banking software. Fincentric’s i-Wealthview(tm) wealth management software products include ‘next generation’ core banking, Customer Value Management(tm), data aggregation, Internet and wireless financial portals and full multi-channel support. Its revolutionary Customer Value Management(tm) capabilities provide profitability and relationship analysis that allow financial institutions to recognize the value of each customer, and maximize their profitability. Fincentric products enable financial institutions to quickly deploy solutions for their converging financial service offerings, while also supporting capabilities for increasing customer profitability, customer acquisition, and retention. Fincentric has approximately 300 customers worldwide, and has strategic relationships with Microsoft, Compaq, and other international partners. For more information, visit Fincentric’s home page at [www.fincentric.com][1], or call (604) 278-6470.

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

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OPEN Cards

American Express’ OPEN: Small Business Network yesterday introduced two new card products designed to help small business owners better manage cash flow. The new Business Purchase Account card and the Business Management Account card are targeted at the OPEN Network’s three million customers and to companies with fewer than 100 employees. The Business Purchase Account is a charge card that provides no pre-set spending limit with the flexibility to pay over time through a new product called the balance payment option. The Business Management Account is a no-fee credit card that provides cardholders with the option of paying over time. It offers a six month, 0% rate on new purchases; an annual percentage rate as low as prime + 2.99% and 9.99% fixed rate on balance transfers for the life of the balance. AmEx says a recent survey showed that small businesses are using credit and charge cards in non-traditional ways like in the purchase of wholesale and office supplies. While travel (48%) was the most common item purchased with plastic, 41% of respondents said they used their cards to buy wholesale goods such as manufacturing supplies, food products, inventory equipment, or goods for re-sale. Other purchases include “everyday” business items, such as computer hardware, software and office supplies (39%), entertainment, such as restaurants, concerts, or shows (36%), and business services, such as shipping, reproduction services, or legal advice (14%). (CF Library 1/18/02)

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