Certicom & NCR

Certicom, a leading provider of mobile e-business security, today announced the signing of a software licensing agreement with NCR Corporation, to provide advanced security for an electronic payment processing solution called ImageMark ECPIX (Electronic Check Presentment with Image Exchange). NCR will use Certicom’s industry-leading Security Builder® in this customized banking application to allow secure and authenticated exchange of information between banks and clearinghouses.

“NCR’s Payment Solutions business offers the most comprehensive family of image-based solutions and services in the marketplace today and it is critical for our solutions to offer efficient and secure methods for processing transactions,” said Dick Wheeler, marketing director, NCR Payment Solutions. “We chose Certicom’s solution for its superior authentication and encryption technologies to provide state-of-the-art security capabilities to NCR customers.”

The ImageMark ECPIX system is designed to allow banks and clearinghouses to conduct electronic inter-bank clearing and settlement. Whether they are using traditional paper-based transactions (i.e. checks) or electronically-originated payments (e.g. EFT), ImageMark ECPIX can capture, validate, and distribute all necessary data between banks and clearinghouses. This sensitive financial data can include account information, payment amounts, images of checks (for authentication), and all transaction information. Based on regulated privacy and formatting standards, ImageMark ECPIX represents the ultimate financial exchange solution for both paper and electronic payment processing environments.

Certicom’s Security Builder, which features Elliptic Curve Cryptography (ECC) technology, is a standards-based cryptography toolkit that provides application developers with the sophisticated tools and flexibility needed to integrate encryption, digital signatures and other security mechanisms into their applications.

“Certicom is pleased to be working with NCR, a renowned leader in providing image and payment solutions for financial institutions in today’s high tech world,” said Prakash Panjwani, senior vice president of Business Development for Certicom. “Certicom provides strong and efficient security to protect and maintain valuable financial information as it is updated, maintained, and exchanged during critical communications. We look forward to providing NCR with additional advanced security solutions as it continues to set new milestones in the years ahead.”

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leader in providing Relationship TechnologyTM solutions to customers worldwide in the retail, financial, communications, manufacturing, travel and transportation, and insurance markets. NCR’s Relationship Technology solutions include privacy-enabled Teradata® warehouses and customer relationship management (CRM) applications, store automation and automated teller machines (ATMs). The company’s business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and leading edge hardware technology. NCR employs 31,400 in more than 100 countries, and is a component stock of the Standard & Poor’s 500 Index. More information about NCR and its solutions may be found at [www.ncr.com][1].

About Certicom

Certicom is a leading provider of information security software and services, specializing in solutions for mobile e-business. The company’s products and services are specifically designed to address the challenges imposed by a wireless data environment. Certicom’s solutions incorporate its efficient encryption technology and are based on industry standards for information security that utilize public-key cryptography. Certicom’s products are currently licensed to more than 300 customers including Cisco Systems, Inc., Handspring Inc., Motorola, Inc., Nortel Networks, Openwave Systems, Inc., Palm, Inc., QUALCOMM, Inc., Research In Motion Ltd., Sony International (Europe) GmbH, and Verizon Communications Inc. Certicom’s headquarters and worldwide sales and marketing operations are based in the Silicon Valley in Hayward. For more information, visit Certicom’s Web site at [http://www.certicom.com][2].

[1]: http://www.ncr.com/
[2]: http://www.certicom.com/


VISA Goes Visual

Visual Networks, a leading provider of performance management solutions for communications networks and services, announced that Visa U.S.A. is deploying the Visual Networks Visual UpTime WAN performance management system to enhance monitoring, planning and troubleshooting for its U.S. payment network.

Visual UpTime will provide Visa with a new level of visibility into its U.S. network, enabling the company’s network administrators to closely monitor and analyze bandwidth utilization, network availability and data throughput.

As Visa continues to deploy Visual UpTime in its network, the performance management system will be designed with full redundancy, meaning that each network endpoint — from speeds of 56K to DS3 — will house two Visual UpTime Analysis Service Elements (ASEs), a device that performs detailed data collection. Visa’s administrators will be able to monitor and manage the network from remote locations around the clock.

“Visa continues to maintain optimal performance throughout its network to ensure the highest level of efficiency for thousands of merchants,” said Steve Hindman, Visual Networks’ executive vice president of sales and marketing. “Visual UpTime provides visibility into the network, which can result in improved operational savings and increased customer satisfaction. This same value proposition is also evident in networks that were built with highly redundant connections, such as Visa’s network. Providing performance management across private networking connections, Visual UpTime can offer in- depth traffic capture and protocol analysis regardless of the access technology utilized.”

About Visual UpTime

Visual UpTime integrates expert monitoring capabilities with access equipment to fully automate the collection, interpretation and presentation of performance management data. A series of intuitive applications provide real- time and historical troubleshooting tests that can eliminate the need for remote dispatches, and provide performance monitoring, service level validation and performance reporting for private IP, frame relay, ATM, and private line connections — or combinations of these technologies.

Visual UpTime tracks access line, port and end-to-end circuit statistics, identifies most active users, and measures utilization by protocol type. In addition, Visual UpTime validates SLAs and private IP Class of Service (CoS) throughput at the service boundary.

By continuously measuring second-by-second usage levels for every monitored port and virtual circuit, Visual UpTime can automatically make informed recommendations on bandwidth allocation by specific location with its detailed picture of circuit performance. This enables network managers to create overview reports of the most- and least-utilized ports and virtual circuits across the network, then allocate bandwidth as appropriate — providing sufficient bandwidth to ensure mission-critical applications get through, without over-provisioning bandwidth and exceeding WAN budgets.

About Visual Networks

Visual Networks has the broadest suite of proven performance management solutions for public and private communications networks and services. To find out how the world’s leading service providers and enterprises are using Visual Networks’ products to increase network reliability and revenues, and dramatically reduce operational expenses and lower their total cost of ownership, visit [http://www.visualnetworks.com][1] or call 1-800-240-4010 for sales information.

Visual Networks, Visual UpTime and Visual eWatcher are registered trademarks and Visual IP InSight is a trademark of Visual Networks Technologies, Inc. All other trademarks mentioned in this document are the property of their respective owners.

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



Comdata announced this week the commercial availability of its CabCARD Personal Communication services, a pre-paid service providing truck drivers e-mail, long distance telecommunications, and voice mail capabilities. Funds for e-mail messaging and long-distance telecommunications services may be deducted from the driver’s existing Comdata card through their Express Cash account, or through Comdata card cash advance, credit cards, or prepaid recharge cards sold in select truck stops. The new service was jointly-developed with QUALCOMM. With CabCARD, drivers can send and receive e-mail to and from any Internet address right from the cabs of their trucks for less than the cost of a phone call. More than 100 major fleets have already elected to offer CabCARD services.


MasterCard & Amadeus

MasterCard International announced it has signed an agreement with Amadeus, a global distribution system and travel technology provider, to help organizations maximize the efficiencies of their travel and entertainment procurement processes.

The agreement gives MasterCard Corporate Card cardholders greater access to sophisticated airline and rail itinerary data – including costs, travel dates, destinations, authorization codes, and coupon numbers – from any travel agent or travel service provider in more than 200 markets worldwide using Amadeus’ specialized GDS. The line-item detail is made available electronically and may be exported to internal systems via programs such as MasterCard Smart Data OnLine(TM) (SDOL), a Web-based, multiple-language expense management information system.

Under the agreement, MasterCard will leverage the global network of travel agents and travel service providers of Amadeus, a market leader in Western Europe and Latin America, to deliver companies comprehensive, high quality ticketing data. The arrangement will provide a unique central data feed solution to MasterCard corporate card cardholders, giving access to unparalleled travel data quality versus competitive options.

“The changing economy challenges more and more organizations to search for ways to streamline operations and cut costs – particularly in the area of business travel,” said Steve Abrams, senior vice president, MasterCard Corporate Payment Solutions. “By leveraging Amadeus’ advanced data and MasterCard’s leading-edge reporting system, we will help our corporate card-using organizations better understand how funds are being spent – both domestically and globally – to enable them to evaluate key spending areas and to base critical business decisions.”

The offering will have particular benefits for multinational organizations that struggle with the disparate travel reporting systems of different nations in which their employees conduct business. Amadeus’ strong international presence will help bridge the gap in this service, as well as streamline internal processes for seamless, effective travel management.

MasterCard Smart Data OnLine(TM) is a global Web-based reporting application that helps organizations seamlessly consolidate, analyze and manage financial data, including card and cash transactions.

The MasterCard Corporate Payment Solutions group is dedicated to providing innovative, flexible, end-to-end payment programs to corporations, small businesses and the public sector worldwide. These programs range from corporate cards, including the MasterCard Corporate Card, the MasterCard Corporate Purchasing Card, the MasterCard Corporate Fleet Card and the MasterCard Corporate Multi Card, to data management tools such as MasterCard SDOL. For additional information about MasterCard’s corporate programs, visit [http://www.mastercardbusiness.com][1].

About MasterCard International

MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard, Cirrus and Maestro. More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards in circulation today. An association comprised of more than 20,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard’s award-winning Priceless advertising campaign is now seen in 80 countries and in 40 languages, giving the MasterCard brand a truly global reach and scope. With more than 22 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. At September 30, 2001, gross annual dollar volume exceeded US$704 billion. MasterCard can be reached through its World Wide Web site at [http://www.mastercard.com][2].

[1]: http://www.mastercardbusiness.com/
[2]: http://www.mastercard.com/



Trivnet announced that
T-Systems, a Deutsche Telekom company, will use Trivnet’s online payment
infrastructure to develop new applications and value-added services for the
Deutsche Telekom Group.

Trivnet has signed a licensing agreement to supply its advanced payment
infrastructure to T-Systems. The agreement is for an initial three years, with
an extension option. Trivnet’s platform will be demonstrated by Deutsche
Telekom at CeBIT in Hannover, Germany (13th to 20th March).
Trivnet’s modular, scalable and secure payment infrastructure enables carriers
(wireless, fixed-line, and broadband) to take an active role in online
commerce. It enables control over the entire payment value chain, while
addressing specific carrier requirements through its flexible design and

Trivnet’s platform allows purchases to be made easily and securely, regardless
of the access method (WEB, SMS, WAP, IVR). Carriers can automatically enable
their subscribers to perform one-click purchases, without installing software
or pre-registering, thereby charging online purchases to their monthly bills,
credit cards, pre-paid accounts, debit cards, direct debit or any other
billing channel.

Edo Ganot, Trivnet’s VP Strategic Alliances and Marketing, said: “We are very
excited to be working with Deutsche Telekom, Europe’s largest
company and a pioneer in providing online services. T-Systems’ vast experience
in IT development enables them to build upon our payment platform value added
applications that will generate new revenue streams and strengthen customer
relationships for Deutsche Telekom.”

About Trivnet

Trivnet provides payment platforms for online commerce. Trivnet’s
payment solution allows mobile operators, telcos, ISPs, broadband operators
other service providers to assume an active role in online commerce, by
enabling subscribers to charge online purchases to their monthly service bills
or alternative payment methods. Trivnet’s technology can be easily integrated
with back office systems (such as billing, CRM, ERP), enabling quick and
effective implementation. Trivnet’s customers include mobile operators,
ISPs and system integrators worldwide. Founded in 1997, Trivnet is
headquartered in Israel with a joint venture in Japan. More information:


Voyager SE Clients

Corillian Corp. announced that Sterling Financial Corporation, a $1.8 billion multi-bank holding company located in Lancaster, Pa., and U of C Federal Credit Union, a $400 million credit union based in Boulder Colo., will convert to Corillian Voyager Special Edition to provide enhanced online banking services to their customers and members.

Sterling Financial will replace the Fiserv Internet banking platform with Corillian Voyager SE to provide its retail and small business customers with real-time online access to all of their financial accounts to reconcile account balances, transfer funds and pay bills. Also, customers will have the ability to personalize their financial information through Corillian Personalization Manager, and aggregate all of their financial information into one view through Corillian OneSource Register. The Corillian Business Finance Suite will give Sterling Financial’s small business customers more options in managing their business finances.

“We were looking for a solution that could help us expand the functionality of our online offering to both our retail and small business customers,” said Kathy Phillips, senior vice president and chief technology officer of Sterling Financial Corporation. “With Corillian’s Voyager SE we will be able to significantly enhance our offering with innovative and easy-to-use services that we feel will be of tremendous value to our customers.”

U of C Federal Credit Union chose Corillian Voyager SE to give its more than 64,000 members enhanced Internet banking and bill payment services, and provide integration with the Open Financial Exchange (OFX) data standard to allow members real-time access to their financial information through personal finance management software like Intuit’s Quicken(R) and Microsoft(R) Money. “We were looking for an Internet banking solution that would offer our members new and innovative online banking services and provide access to all of their financial information with a single sign-on,” said Bill Sterner, president and CEO of U of C Federal Credit Union. “Corillian provided all of this and more. With Voyager SE, we feel we have a solution that will allow us to provide great services to our members now and allow us to add additional services in the future.”

Corillian Voyager SE is a subscription-based ASP service that provides financial institutions with eFinance solutions such as Internet banking, bill payment, customer relationship management functions, and integration with the Open Financial Exchange (OFX) data standard to allow customers real-time access to their financial information through personal finance management software. Hosted in Corillian’s state-of-the-art data center, Corillian Voyager SE clients receive the benefit of Corillian’s trained staff of technical support professionals, who perform daily monitoring and maintenance of the Voyager SE platform, 24 hours a day, seven days a week.

“The breadth of functionality and services that Corillian Voyager SE provides is unmatched in the industry and will be a great asset for financial institutions like Sterling Financial and U of C Federal Credit Union,” said Alex Hart, president of Corillian. “Enhancing their ability to offer more financial services online will increase loyalty and help Sterling Financial and U of C Federal Credit Union grow and prosper in highly competitive markets.”

About Sterling Financial Corporation

Sterling Financial Corporation now operates 51 banking locations in south central Pennsylvania and northern Maryland, through its subsidiary banks, Bank of Lancaster County, N.A., Bank of Hanover and Trust Company, First National Bank of North East and Bank of Lebanon County. As of December 31, 2001, total assets of Sterling Financial Corporation were approximately $1.86 billion. Sterling Financial Corporation also owns Sterling Financial Trust Company, which has close to $1 billion in assets under management.

About U of C Federal Credit Union

U of C Federal Credit Union is a member-owned, not-for-profit banking alternative serving Boulder County and the University of Colorado. The Credit Union provides lower fees, better rates and personal service throughout a network of branches, ATMs, the Internet and service centers through the United States. U of C Federal Credit Union serves over 64,000 members and has more than $400 million in assets. Voted “Best Financial Institution” and “Best Employer” by the readers of the Boulder Daily Camera, U of C Federal Credit Union is committed to the financial success of its member-owners and the entire community. To learn more about U of C Federal Credit Union, visit our Web site at [www.uofcfcu.com][1].

About Corillian Corporation

Based in Oregon, and with international offices in Europe and Asia, Corillian Corporation is an award-winning provider of eFinance-enabling software for the financial services industry. Built on the Microsoft Windows 2000 platform, Corillian applications support Internet banking, bill delivery and payment, brokerage, customer relationship management, enhanced data aggregation, and small business transactions. Voyager can be deployed on-site at the financial firm or at a secure data center. Corillian technology also enables Open Financial Exchange (OFX) access by finance management software packages such as Quicken(R), QuickBooks(R) and Microsoft(R) Money. For more information about Corillian Corporation, visit the company’s Web site at [http://www.corillian.com][2].

[1]: http://www.uofcfcu.com/
[2]: http://www.corillian.com/


Delinquency 4Q/01

While charge-offs have soared by nearly 20% over the past twelve months, delinquency among the top U.S. issuers has inched up by only 4.4%. The average 30+ day delinquency rate among the top issuers stood at 6.18% as of year-end 2001, compared to 5.92% at the end of 2000. However delinquency declined during the first two quarters of 2001, according to CardData ([www.carddata.com][1]). Since the end of June, delinquency has jumped 26 basis points, an 8% gain. Three top issuers reported lower delinquency rates for 4Q/01 compared to 4Q/00, including Bank One/First USA, Capital One, and Fleet. Sub-prime specialists Providian and Metris reported sharply higher delinquency rates, up 127 bps and 140 bps respectively. MBNA’s delinquency rate increased 15 bps since 4Q/01 and 52 bps since 2Q/01. Discover reported a 30+ day delinquency rate of 6.85% for the quarter ending 11/30/01, compared to 5.92% for year-ago quarter. American Express delinquency rate stood at 3.3% for 4Q/01, compared to 2.8% for 4Q/00. (CF Library 2/21/02)

DAYS 4Q/01 3Q/01 2Q/01 1Q/01 4Q/00
1. Citigroup: 90+ 1.98% 1.82% 1.72% 2.00% 1.46%
2. MBNA: 30+ 5.09% 4.90% 4.57% 4.60% 4.94%
3. First USA: 30+ 4.46% 4.25% 4.10% 4.33% 4.51%
4. Chase: 90+ NR NR 1.90% 1.99% 2.07%
5. Cap One: 30+ 4.95% 5.29% 4.92% 4.72% 5.23%
6. Providian: 30+ 8.81% 8.66% 8.04% 7.64% 7.54%
8. Household: 60+ 4.10% 3.91% 3.60% 3.68% 3.49%
9. Fleet: 30+ 4.05% 4.13% 4.40% 4.75% 5.00%
10. Dir Merch: 30+ 9.70% 8.90% 8.30% 8.40% 8.30%
30+ DAY AVG*: 6.18% 6.02% 5.72% 5.74% 5.92%
NR- not reported
* 60+ day and 90+ day are not meaningful
SOURCE: CardData (www.carddata.com)

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


AmEx – IBM

Following its major IT deal with IBM, American Express announced yesterday a jointly developed online business expense reporting tool. Marketed by AmEx as part of its American Express @ Work suite of online expense management tools and hosted by IBM, the application will automate employees’ expense reporting and reconciliation processes. The American Express @ Work Reconciliation Management tool eliminates the need for manually obtaining signature approvals, reviewing corporate policies, and verifying and assigning accounting codes to expenses. The new “e-business on demand” service will be available to American Express Corporate Card and Corporate Purchasing Card clients later this quarter. Last week, American Express and IBM signed a seven-year, $4 billion deal under which AmEx with have on-demand access to IBM’s computing resources. (CF Library 2/26/02)



Welcome real-time announced an agreement to merge with Canada-based Cyberpro
Technologies. This merger establishes Welcome as the North American leader in
marketing solutions on smart cards and further extends the company’s global
leadership. Terms of the deal were not disclosed.

Cyberpro is the leading provider of smart card based marketing applications in
North America, with more than 60 different programs in the US and Canada.
Twice in the last three years the Advanced Card Technology Association of
Canada recognized Cyberpro, presenting the prestigious Lorne Boates Award of
Excellence for the company s work with Northern Stores and the Quebec Soccer
Federation McDonalds. Cyberpro has successfully delivered applications to
numerous retailers, restaurant chains, car manufacturers, museums, ski resorts
& events.

The combined 80-person company has a solid shareholding structure with leading
smart card solutions provider Gemplus, European marketing firm High Co,
Standard Chartered Bank, Dassault Multimedia and TDF, a Singapore-based VC

Aneace Haddad, president & CEO of Welcome, said, Our companies share such
similar corporate cultures that our people have already begun working on
customer projects together. The merger will quickly yield significant

Daniel Tardif, president & CEO of Cyberpro, and new CEO of Welcome’s Americas
region agrees. Cyberpro’s strong expertise with retailers, combined with
Welcome s expertise with financial institutions, will allow us to leverage
synergies between banks and merchants worldwide, he said.

Welcome’s clients include: American Express; Akbank, Turkey; ANZ Bank,
Australia; Chase Manhattan Bank, HK; Standard Chartered Bank, Singapore and
Sumitomo Credit Services, Japan. Cyberpro s clients include: Kodak; McDonald
s; Northern Stores; Toyota; Québec Ski Stations Association, and the
Confédération des Caisses Populaires Desjardins.

About Welcome Real-time

Welcome’s (www.welcome-rt.com and
www.axiomatique.com) smart transaction platform enhances payment transactions
with revenue boosting services such as instantly awarded loyalty points,
coupons, punch cards, vouchers, tickets, cash back & all in a single
payment process. With millions of smart cards and thousands of merchants
worldwide operating the company s software, Welcome has proven repeatedly that
its easy-to-deploy solution generates higher sales for its clients while
increasing their customers satisfaction and loyalty.

Welcome Real-time is headquartered in Aix-en-Provence, France, with offices in
Philadelphia and Singapore.

About Cyberpro Technologies

Cyberpro Technologies www.cyberpro.ca develops and
implements turnkey smart card systems that provide integrated marketing and
loyalty solutions to retailers, financial institutions and other issuers of
card programs. Cyberpro’s combination of retail marketing experience and
card technical expertise allows issuers to tailor solutions to various retail
environments either through Cyberpro’s existing software platform or through
custom development of new applications. Cyberpro’s systems are compatible
the planned smart card payment systems of Visa and MasterCard. The company s
varied loyalty and marketing implementations portfolio includes smart card
projects in North America and the Caribbean. Cyberpro, headquartered in
Montreal, with an office in Toronto, was founded in 1996.


Fargo Pro-LX

Fargo Electronics, Inc. this week launched its new Pro-LX laminating card printer/encoder. The Pro-LX, with nearly a dozen major design improvements, replaces the Pro-L in Fargo’s Professional Series. The announcement came at The International Security Conference & Exhibition /West (ISC EXPO/West) in the Las Vegas Convention Center. Based in Eden Prairie, Minnesota, Fargo card printer/encoders create personalized plastic identification cards complete with digital images and text, lamination, and electronically encoded information. “The Pro-LX incorporates many specific new technical features which offer increased convenience, reliability and ease-of-use for these printers, which are designed to meet the growing needs of end users in the governmental, educational, corporate, transportation, and health care markets,” said Gary R. Holland, Fargo’s President and CEO.

“Among the enhancements to the Pro-LX are a reject card hopper, which gathers improperly encoded cards or cards remaining in the card path during reboot or cancellation, a new card thickness adjustment slider, and a new card cleaning cartridge with a replaceable cleaning tape, good for up to 1,500 cards per tape.

A new adjustable card flattener roller, card path guide, “high-tack” silicone feed roller, belt-driven print engine and improved laminator advances card flatness, feeding reliability, image quality and encoding reliability, while significantly reducing printer noise. A new auto-calibrating ribbon sensor recalibrates after every fourth print, without wasting ribbon panels, while new slotted optical sensors and digital potentiometers improve accuracy and ease of use.

The new Pro-LX will come with Fargo’s exclusive SmartGuard(TM) and SmartShield(TM) as standard features. SmartGuard utilizes a custom “smart card” access control to prevent unauthorized use of the printer, while Fargo’s patented SmartShield allows the printing of custom transparent images visible only when viewed at an angle or under an ultra-violet light source. Both are additional printer/encoder security devices available only from Fargo. The Pro-L, which was launched in March 1998, is the world’s best-selling laminating card printer/encoder, and was the printer selected for the Department of Defense Common Access Card project in February 2000. Over 1,500 Pro-Ls are being phased in to print, laminate, and encode the common access card, which will become the standard identification card for approximately 4,000,000 active duty uniformed service personnel, selected reserves, DoD civilians, and eligible contractor personnel.

Professional Series printers are available exclusively in the U.S. through Fargo Solution Providers, and internationally through Fargo’s network of Import Suppliers and International Distributors. “The distributors and integrators who carry the Professional Series products represent the best in the industry, said Holland. “They’ve been hand-picked because of their technical expertise, sophisticated integration abilities, and outstanding customer service.” For further information, printed sample cards, or the name of an authorized FSP, visit Fargo’s Web site at [www.fargo.com][1], or call FARGO toll-free at 1-800-459-5636. Outside the USA and Canada, call (612) 941-9470 or FAX (612) 941-7836.

About Fargo

Fargo Electronics, Inc. (Nasdaq:FRGO) is the world’s leader in innovative technologies for desktop plastic card personalization systems. Based in Eden Prairie, Minnesota, Fargo card printer/encoders create personalized plastic identification cards complete with digital images and text, lamination, and electronically encoded information. Personalized identification cards provide physical, information and transaction security for a wide variety of applications including retail stores, e-commerce, government installations, schools, sports and recreation facilities, clubs and associations, and correctional facilities. More than 60,000 Fargo systems are currently installed throughout the U.S. and in over 100 other countries. For more information, visit Fargo’s Web site at [http://www.fargo.com][2].

[1]: http://www.fargo.com
[2]: http://www.fargo.com/


TSAI Regency Sale

Transaction Systems Architects, Inc. a leading global provider of enterprise e-payments and e-commerce software, announced that it has completed the sale of its Regency Systems business to S1 Corporation. Under the terms of the transaction, S1 acquired Regency for 400,561 shares of S1 common stock and $6 million in cash.

To reflect the divestiture of Regency, TSA has updated its financial guidance as follows:

Q2 Fiscal 2002 Fiscal 2002 Full Year
————– ———————

Revenue $64.8 to $68.8 million $263 to $283 million
Pro Forma EPS $.04 to $.10 $.33 to $.49

About TSA

Transaction Systems Architects’ software facilitates electronic payments by providing consumers and companies access to their money. Its products are used to process transactions involving credit cards, debit cards, secure electronic commerce, mobile commerce, smart cards, secure electronic document delivery and payment, checks, high-value money transfers, bulk payment clearing and settlement, and enterprise e-infrastructure. Transaction Systems Architects’ solutions are used on more than 1,700 product systems in 71 countries on six continents.

For a detailed discussion of these and other risk factors, interested parties should review the Company’s filings with the Securities and Exchange Commission, including Exhibit 99.01 to the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2001.