Vodafone UK, part of the
world’s largest mobile community, announced that it has selected iPIN, the
premier provider of e-Payment technology, to provide a payment platform for
new Vodafone m-pay bill service. iPIN’s e-Payment platform will enable
UK subscribers to make online purchases safely and securely over the Internet
or WAP. Vodafone’s m-pay bill will be available next month.

Using the new service, Vodafone UK subscribers will be able to charge low
digital content to their mobile phone accounts from companies offering
m-pay bill as a payment mechanism.

The iPIN solution is used for end-to-end electronic payments, managing the
transaction from the consumer payment to the clearing and settlement and
customer care. The application will incorporate several iPIN e-Payment
rules and security features, including delegation of authentication and single
sign-on guidelines as well as content-based authorization rules. iPIN’s
technology is also device agnostic, so that the service can be accessed via
or WAP channels as well as other interfaces such as SMS and IVR. The
benefit to
consumers is that the XML based user interface (UI) gives consumers a
consistent look and feel when making purchases in different environments.
“With additional market segments coming online, and a growing consumer base
accessing the Internet and the wireless Internet and paying with their mobile
phones, Vodafone m-pay bill will enable those new consumers and the already
m-commerce savvy groups to pay for digital content safely and securely, in a
user-friendly environment,” said Alexandre Gonthier, CTO of iPIN.

About iPIN

iPIN (www.ipin.com) is a leading provider of e-Payment
software. iPIN’s
e-Payment software offers convenience and security to consumers as they make
Web and wireless purchases. Capitalizing upon the established infrastructure
that processes credit and debit card payments, iPIN complements existing
payment card channels by providing a wider selection of e-Payment options.
iPIN, payments can be made through bank accounts, stored value accounts, and
wireless bills using devices such as cellular phones, computers, smart cards,
and automotive transponders. iPIN’s products have been implemented
worldwide by
financial institutions, telecommunications operators, automotive OEMs, and
who want to drive additional revenues and become more involved with their
consumers as they make purchases beyond the existing customer or billing
relationship. iPIN customers include British Telecom, Hong Kong and Shanghai
Banking Corporation Limited, and France Telecom among others.


Volume Cranks Down

It’s no surprise that credit card charge volume dropped sharply last year, especially following the 9/11 attacks. Among the top ten U.S. issuers, volume was up a mere 7.9%, compared to 13.2% for 2000. American Express posted its worst year for volume growth in a decade. During 1991, AmEx volume declined 1.2% in the face of a full blown recession. Last year, AmEx volume inched up by only 1.4%, compared to an 18.8% gain in 2000, and a 12.6% gain in 1999, according to CardData (www.carddata.com). The AmEx gain is remarkable given the collapse of corporate spending in the first half of 2001, and the collapse of travel spending in the second half of last year. Bank One/First USA was also impacted last year, posting a 1.4% decline in charge volume. Above average attrition and weak travel sales were to blame. Meanwhile, Capital One lead the top ten with a 35% jump in charge volume. However, if international volume is discounted, Cap One’s volume was up an estimated 20%. Chase was the surprising runner-up, with an 18.5% volume growth rate. For the first time in the industry’s history, charge volume topped $1 trillion among the top ten issuers.

1. American Express $ 224.6b $221.6b + 1.4%
2. Citibank $ 218.5b* $195.5b* + 11.8%
3. MBNA $ 142.3b* $125.7b* +13.21%
4. First USA $ 140.4b $142.4b – 1.4%
5. Discover $ 93.3b* $ 90.1b* + 3.6%
6. Chase $ 71.9b $ 60.7b + 18.5%
7. Capital One $ 50.6b* $ 37.5b* + 34.9%
8. Bank of America $ 48.9b $ 45.4b + 7.7%
9. Household $ 34.9b $ 33.0b + 5.8%
10. Providian $ 30.5b $ 26.3b + 16.0%
TOTAL $ 1055.9b $978.2b
+ 7.9%
* Citibank includes data from Canada and Mexico; Capital One may include some
international data; MBNA includes international; Discover data as of 11/30/01;
Source: CardData (www.carddata.com) RAM Research Group’s Bankcard Barometer


Block Terminals

The single largest rollout of check conversion technology ever is underway as H&R Block deploys VeriFone ‘Omni 3200’ terminals and ‘CR 600 MICR’ check readers to most of their 10,400 offices, using NPC as the acquirer. Currently, over 5,000 terminals have been installed in the corporate offices, with additional terminals to be installed on an ongoing basis. The installation will enable H&R Block to offer the credit card option to all their customers, including services such as tax preparation fees, mortgage origination, debt consolidation, and financial planning. H&R Block also recently doubled its number of check cashing machines. ACE Cash Express installed 100 automated self-service machines in select Block offices in 21 states. The machines enable Block clients to cash their tax refund checks in most instances in less than one minute. (CF Library 1/18/02)


USWD 4Q/01

U.S. Wireless Data reported revenue of $2.3 million for the quarter ending 12/31/01, compared to $300,000 for the same period one year ago. The company also reported a net loss of $3.3 million for the quarter compared to a net loss of $3.5 million for the prior-year’s quarter. During the quarter, Pepsi-Cola North America selected USWD’s ‘Synapse’ technology to enable its vending machines to accept credit cards as well as to transmit real-time telemetric information about the operational status of the machines to bottlers and third party operators. The system is currently being operated on a test basis with approximately 200 machines in Memphis. For complete details on USWD’s latest earnings report visit CardData ([www.carddata.com][1]).

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


Canadian Sub-Prime

While U.S. sub-prime issuers are struggling with sharp losses, Canada’s Home Capital Group is predicting its first profitable year for its new ‘Home Trust VISA’ card. During 2001, the Canadian sub-prime credit card program grew ten fold. However the company is abandoning its unsecured sub-prime VISA card in favor of its secured VISA program. Home Trust Company’s original strategy was to provide a credit card to the under served credit challenged market in Canada, which would include both secured and unsecured products. Through ongoing testing and behavior analysis in the marketplace, Home Trust says it has identified the consumer need for the secured product and is now focusing on this product. At year-end 2001, Home Trust had 21,935 cardholder accounts compared to 2,060 at the end of 2000. Receivables have grown from $339,210 in 2000 to $11,404,992 last year, according to RAM Research Group ([www.ramresearch.com][1]).

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


TSAI Sells Regency

Transaction Systems Architects, Inc., a leading global provider of enterprise e-payments and e-commerce software, announced that it has signed a definitive agreement to sell Regency Systems, Inc. to S1 Corporation.

Regency specializes in telephone and internet banking applications for community banks and is headquartered in Dallas, Texas. “While we like the prospects for Regency over the coming years, we did not see much synergy with TSA’s mainline business, which is concentrated in the largest financial institutions, retailers and processors around the world,” said Jeffrey S. Hale, TSA Senior Vice President. “Regency’s footprint in the community banking market will fit nicely with the position already enjoyed by S1 in that market. We would like to thank the Regency team for their contributions over the past few years, and feel confident that they will become a vibrant part of S1’s community banking line of business.”

The transaction is expected to close during TSA’s second fiscal quarter. The company will update its revenue and earnings guidance once the transaction closes.

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 3,700 product systems in 81 countries on six continents.


Spam Attack

They arrive unexpectedly by e-mail: chances to earn easy money in a short period of time by following a simple program. They’re intriguing. They’re inviting. They’re illegal. Now, the Federal Trade Commission is launching a three-point program to crack down on deceptive spam.”Almost everyone with an e-mail account gets spam,” said Timothy J. Muris, Chairman of the FTC. “It’s intrusive, unwelcome, and annoying. Deceptive junk e-mail is also illegal. We want to send a message today: we’re going after deceptive spam and the people who send it. We want it off the Net.”Seven defendants caught in an FTC sting operation have agreed to settle charges that they were spamming consumers with deceptive chain letters. The letters were slightly changed variations on the same message. They promised “$46,000 or more in the next 90 days,” or similar extravagant amounts to recipients who were to send $5.00 in cash to each of four or five participants at the top of the list.

The letters instructed new recruits to place their own name and address at the top of the list and remove the name on the bottom. In return for the $5.00 payment, recruits received “reports” providing instructions about how to start their own chain letter schemes and recruit tens of thousands of others via spam.”This chain letter deceptively claims the program is legal and urges recruits who question its legitimacy to contact the FTC’s Associate Director for Marketing Practices. Well, I am the Associate Director for Marketing Practices,” said Eileen Harrington, “and these chain letters are illegal.”In September 2000, the FTC sent letters to 1,000 spammers, warning them that their chain letter spam scheme was illegal and instructing them to stop promoting their chain letters, to return any money they had received by participating in the program, and to forward a copy of the FTC’s warning letter to everyone they had spammed. In October 2001, the FTC searched online newsgroups and the agency’s junk e-mail database looking for the chain letter scam. They found more than 2,000 participants in the chain letter from almost 60 countries around the world. Using undercover post office boxes and e-mail accounts, FTC investigators and paralegals sent the requisite $5.00 fee to individuals who had previously been warned, but who appeared to be continuing in the scheme. Those who responded by sending the undercover FTC employees the “report” demonstrated that despite the FTC warning letter, they continued to participate in the illegal chain letter spam.The stipulated final judgments and orders for permanent injunction bar all the defendants from promoting, marketing, advertising, offering for sale, selling, or assisting others in any Ponzi scheme, chain marketing scheme, or other prohibited marketing schemes. They bar misrepresentations about the potential earnings, income, benefits, amount of sales, incentives, profits, or rewards derived from any marketing scheme. They also bar misrepresentations about the legality of any program. The settlements bar the defendants from providing others with the means and instrumentalities to make false or misleading statements and bar them from selling or sharing lists of their recruits. In addition, the defendants must return any money they receive in the future from this scheme. The settlements all contain record-keeping requirements to allow the Commission to monitor compliance.In addition to the settlements, the FTC announced that today it will mail warning letters to more than 2,000 individuals who are still running this chain letter scheme. The addresses were culled from the FTC’s unsolicited commercial e-mail (UCE) database. Consumers currently send spam to the agency at a rate of approximately 15,000 e-mails a day using the agency’s database address, uce@ftc.gov. The FTC has collected more than eight million spam messages since 1998.Finally, the agency will launch a public/private education effort in conjunction with various Internet Service Provider (ISP) associations, including the Washington Association of ISPs, ( [www.waisp.org][1]) and the Texas ISP Association, ( [www.tispa.org][2]). The Texas Association’s 250 members and Washington Association’s 30 members will publicize and disseminate consumer education materials developed by the FTC to warn consumers about illegal chain mail schemes. Two brochures, “What You Need to Know About Chain E-Mails and Letters,” and “The Lowdown on Chain Letters,” are located on a special FTC Web site at . The FTC materials tell consumers ·Chain letters that involve money or valuable items and promise big returns are illegal. If you start a chain e-mail or letter or send one on, you are breaking the law. ·Chances are you will receive little or no money back on your “investment.” Despite the claims, a chain letter will never make you rich. ·Some chain letters try to win your confidence by claiming that they’re legal, or even that they’re endorsed by the government. Nothing is further from the truth. ·If you’ve been a target of a chain e-mail scam, contact your ISP and forward the e-mail to the FTC at: ·uce@ftc.gov Defendants in the FTC cases are:Paul K. Boivin, also known as Paul Bowen, Paul Boevien, Paul Bowvien, and Paul Brown; doing business as (DBA) Destiny 1999, Destiny 2000, and Destiny 2001. The defendant is based in Clearwater, Florida and the case was filed in the U.S. District Court for the Middle District of Florida, Tampa Division.Chad Estenson and Megan Estenson, DBA CMJ Enterprises and Rockin’ E Marketing. The defendants are based in Warwick, North Dakota, and the case was filed in U.S. District Court for the District of North Dakota.Fernando Pacheco, also known as Frank Pacheco, DBA E-Solutions and E-Solutions 101. The defendant is based in North Providence, Rhode Island and the case was filed in U.S. District Court for the District of Rhode Island.Arnold W. Larsen, also known as Arnold Larson.

The defendant is based in Sarasota, Florida, and the case was filed in U.S. District Court for the Middle District of Florida, Tampa Division.John Lutheran. The defendant is based in San Diego, California. The case was filed in U.S. District Court for the Southern District of California.Dario Va. The defendant is based in Weston, Florida. The case was filed in U.S. District Court for the Southern District of Florida.The FTC vote to approve the complaints and stipulated final judgments and orders was 5-0.

[1]: http://www.waisp.org/
[2]: http://www.tispa.org/



SchlumbergerSema, a business segment of
Schlumberger Limited, was commended in the IT category at the Management
Consultancies Association Best Management Practice annual award
ceremony on Wednesday, Feb. 6, for its IT consulting project at Diageo.
SchlumbergerSema was also runner-up in the e-business category for its work
with BT Group to develop BT’s e-presence.

“Winning these two awards is proof of the expertise and experience that
SchlumbergerSema Consulting has in delivering measurable benefits and
improvements in performance to its clients,” said Alan Russell, head of
Consulting at SchlumbergerSema.

MCA represents the leading United Kingdom-based consulting firms, which
currently employ over 20,000 consultants. This year the judging panel for
the MCA awards consisted of Tony Smith, MCA president and MD of Kurt Salmon
Associates; Lord Warner of Brockley, Chair of the Youth Justice Board; Lynne
Peacock, CEO of Woolwich plc; Leo Murray, Director of Cranfield School of
Management; and Simon Caulkin, Management Editor of The Observer.

Diageo, the world’s leading premium drinks company, appointed
SchlumbergerSema to provide consulting expertise to create an integrated
Information Systems (IS) capability following the merger of Guinness and
United Distillers and Vintners. Completed in a very tight timeframe, the
joint integration program was a clear success with one result being that
employees of Guinness UDV can now connect to local and global resources from
any Guinness UDV location, regardless of which company they worked for
previously. They can also utilize local technical support when away from
base location. Pilot phases for single messaging services are currently
being conducted in Holland and North America.

“Our integration program consisted of several large and challenging
projects,” said Geoff Thirlwall, director of IS global services at Diageo.
“SchlumbergerSema provided senior project management resources to head each
project and the overall program. The project management skills and focus
has contributed significantly to the seamless integration of the two Diageo

To ensure successful project delivery and overcome the integration
challenges, such as widely different working styles across the global
company, SchlumbergerSema and Diageo worked together to develop an IS
strategy. This included innovative use of change and program management and
the development of an integrated communication strategy in support of single
messaging project.

For BT Group’s Web site, SchlumbergerSema provided consulting services to
rapidly develop BT’s e-presence. The Web site has now been transformed into
a customer-led e-channel focused on sales, service and personalized customer
interaction, operating in an environment of accelerating delivery and
continuous improvement. Since the launch in September 1999, the site has
amassed in excess of two million registered users, receives over 10 million
hits per day and is the United Kingdom’s third largest ‘clicks-and-mortar’
site. (Nielsen Netratings).

“SchlumbergerSema has set the theme for continuous improvement and
innovation throughout the program, working with BT.com at all levels from
the management team to the project delivery groups,” said Kevin Clarke,
BT.com program director. “SchlumbergerSema proposed a number of initiatives
that were both innovative and forward thinking, and are currently being
evaluated as value-add propositions. The capability of SchlumbergerSema to
appreciate our business, share our goals and respond proactively has been a
major factor in our success to date.”

Leading and working in a wide range of key roles within the program,
SchlumbergerSema consultants shaped and influenced strategic thinking in a
number of areas, including use of new technologies, approaches and business
models, personalization and accessibility. Furthermore, through working with
the different businesses on requirements and suggesting new propositions,
SchlumbergerSema challenged existing business models and helped to add
commercial robustness to the overall approach.

About SchlumbergerSema

SchlumbergerSema is a leading information technology services company
providing consulting, systems integration, managed services and products to
the telecommunications, energy and utilities, finance, transport and public
sector markets. With more than 30,000 employees serving customers in 65
countries, SchlumbergerSema is one of two business segments of Schlumberger
Limited, a global technology services company.
For more information about SchlumbergerSema, visit

About Diageo

Diageo is the world´s leading premium drinks business. Formed in December
1997 by the merger of GrandMet and Guinness, Diageo has an unrivalled
portfolio of brands including Smirnoff, Johnnie Walker, Tanqueray, Guinness,
J&B, Baileys, and Cuervo. The Diageo Foundation is the result of the
company’s commitment to contribute 1% of its worldwide trading profit less
interest, to the community. The Foundation’s purpose is to act as funding
and support vehicle for corporate social investment program and charitable
giving and matching.
For more information about Diageo and the work of its Foundation, please go
to www.diageo.com

About BT Group
BT Group plc is one of the world’s leading providers of telecommunications
services and one of the largest private sector companies in Europe. Its
principal activities include local, long distance and international
telecommunications services, Internet services and IT solutions. In the UK,
BT serves more than 28 million exchange lines as well as providing network
services to other licensed operators. BT.com is BT Group’s main web presence
for its 21 million UK customers, helping them to make new connections in
their relationships, communities, businesses and lives.


CampusMate MasterCard

Bank Rhode Island has introduced a program to link all of a student’s banking and school-based accounts. ‘CampusMate’ includes an online bank account that gives students the use of a ‘MasterCard Debit Card’, free ATM access and check writing ability. Students or parents also have the ability to fund the account over the Internet or through a credit card. Through ‘CampusMate’, a college or university can choose which accounts it would like to include in the program, giving parents the ability to fund meal plans and bookstore accounts, and even pay tuition through automatic bank transfers or by credit card. These payments can be made either by phone or online. The program also offers a university automatic deposits, electronic tracking and automated reports that can be sorted by account, parent, student or transaction for any account it wishes to add to the program. Bank Rhode Island introduced its first ‘CampusMate Program’ at Rhode Island School of Design last summer.



SureFire Commerce Inc. (TSE:FIR), a leader in e-
commerce payment services, announced the creation of its advisory
committee, comprising international experts in gaming and electronic payments,
to further strengthen the company’s business development team. The primary
responsibility for the committee will be to assist the company in completing
new partnerships and alliances in the areas of gaming and electronic payments.

Rory Olson, President and CEO of SureFire Commerce, has announced the
following members to SureFire’s Advisory Committee: Robert McMonigle, former
Executive Vice-President, Sales of International Game Technology (NYSE: IGT);
Frank Catania, ex-chair of the International Association of Gaming Regulators;
Charles Crawford, a renowned expert in the online payment processing industry;
Steve Shaper, former CEO of TeleCheck International Inc.; and Mitchell Garber,
SureFire Commerce’s Executive Vice-President of Business Development, who will
chair the committee.

“One of the first mandates for SureFire’s Advisory Committee is to
increase revenues through deeper penetration of the land-based gaming
industry, and participation in this industry’s online transition. The
international land-based gaming industry is valued as a multi-billion-dollar
industry that is currently seeing several of the biggest names announce their
intention to pursue online business activities,” said Olson. “Our advisory
committee members are an invaluable asset to SureFire Commerce. They bring
with them a world of contacts and expertise in fraud and risk management,
gaming, and payment processing.”



Mr. McMonigle is former Executive Vice-President, Sales of International
Game Technology (NYSE: IGT), one of the world’s largest gaming equipment
manufacturers. He is currently President of McMonigle and Partners, a gaming
consultancy firm in Las Vegas.

During his 15-year tenure at IGT, for which he continues to consult, Mr.
McMonigle held a variety of executive positions in sales and business
development and was responsible for negotiating contracts with hundreds of
major casinos in licensed jurisdictions worldwide. In his capacity as
Executive Vice-President of IGT, Mr. McMonigle oversaw the sales and service
offices in the United States, Australia, Canada, Japan, Europe, Latin America,
and South America. Mr. McMonigle is currently President of the Association of
Gaming Equipment manufacturers, and is an associate member of IAGA
(International Association of Gaming Attorneys). Mr. McMonigle is a graduate
of Southeast Missouri State University with a bachelor’s Degree in Business


Mr. Catania is an attorney, and a principal in Catania Consulting Group,
Inc. of New Jersey, a consulting firm with extensive experience in gaming
issues. He has particular expertise in compliance. A former Deputy Speaker of
the New Jersey General Assembly, he actively develops and directs the
implementation of lobbying, issues management, media relations, community
affairs, and government advocacy programs for all clients.

Mr. Catania is a former Director of the New Jersey Division of Gaming
Enforcement (DGE), the regulatory and enforcement agency responsible for
maintaining integrity and trust in all Atlantic City gaming operations. As
division director, Mr. Catania was a driving force in updating the New Jersey
Casino Control Act.

Mr. Catania served as the chair and vice-chair of the International
Association of Gaming Regulators (IAGR) and was a co-founder and past chairman
of the Forum of American Casino Regulators (FACR). Prior to accepting former
New Jersey Governor Whitman’s appointment as Director of the DGE, he served in
the New Jersey General Assembly as Deputy Speaker. As a key member of the
general assembly’s leadership, Mr. Catania authored several key pieces of
legislation that were signed into law, including legislation that reduced the
state sales tax from 7% to 6%. Mr. Catania is a graduate of Rutgers College
and received his JD from Seton Hall University Law School.


Mr. Crawford, a renowned expert in the online payment processing and
prepaid value card industries, is former Executive Vice-President of Internet
Billing Company, one of the world’s largest processors of merchant Internet
payments. While with iBill, Mr. Crawford focused in the areas of strategic
planning, merchant underwriting and risk management, bank and industry
relations, and business development.

Previously, he was CFO and later CEO of Electronic Card Systems, Inc. in
Los Angeles, a pioneer in the processing of Internet commerce credit card
payments. That group of companies was on the Inc. Magazine 500 Fastest Growing
Private Companies list for four straight years. Mr. Crawford worked for many
years as a management consultant, preparing companies for financing and
commercialization of their technologies.

Mr. Crawford is a well-known speaker and writer within the credit card
industry and serves on the Education Committee and International Acquiring
Committee of the Electronic Transactions Association. He graduated from the
University of Nevada with a degree in political science.


Mr. Shaper, also a member of SureFire Commerce’s Board of Directors, is
the former CEO of TeleCheck International Inc., a wholly owned subsidiary of
First Data Corp. (NYSE: FDC), a leading provider of cheque acceptance,
electronic payments, and collection services. While at TeleCheck, the company
grew from a regional organization to an international corporation of almost
half a billion dollars in revenue.

Mr. Shaper held numerous other senior management positions during his 13
years at TeleCheck, including COO and President of Sales and Services. Under
Mr. Shaper’s leadership, TeleCheck also became a world leader in risk
management, and developed a significant market share in the land-based gaming
world. Mr. Shaper holds a Bachelor of Science degree from Rice University and
an MBA from Harvard in Production. He recently completed a term on Rice
University’s Board of Governors. Mr. Shaper currently serves on numerous
corporate boards and is active in church and civic organizations.


Mr. Garber is an attorney and is the Executive Vice-President of SureFire
Commerce in charge of Business Development. From 1991-1999 Mr. Garber was a
private practice attorney specializing in Gaming Law and represented land-
based licensed casinos and gaming equipment manufacturers, including IGT,
Anchor Gaming, Trump Properties, Casino Windsor (a joint venture then of
Caesars, Circus-Circus, and Hilton), Harrah’s, Bally’s, MGM, and numerous
others in areas ranging from casino debt collection, licensing, and
compliance, to new casino development.

Mr. Garber has been published frequently on the subject of Internet
gaming and is a well-known speaker on the topic as well. He is a member of the
Editorial Board of the Gaming Law Review, and an active member of the
International Association of Gaming Attorneys. Mr. Garber was principally
involved in starting the credit card processing business that is now the core
business of SureFire Commerce, and is responsible with his business
development team for the payment deals at SureFire Commerce since its
inception, including CIBC, points.com, Intuit, Network Commerce, and others,
as well as a number of Internet gaming processing deals that have put SureFire
Commerce in a leadership position in that area. Mr. Garber has a bachelor’s
degree from McGill University and a Law degree from the University of Ottawa.


SureFire Commerce Inc. (TSE: FIR) is a global provider of secure online
payment solutions and e-commerce support, processing over $1.2 billion of
online transactions annually. The company specializes in payment solutions in
three core areas: Internet payment processing for online businesses and
licensed Internet gaming companies, bill presentment and payment processing
for physical businesses, and corporate b_lling solutions. SureFire Commerce’s
online payment solutions are marketed to consumers and merchants through
strategic partnership agreements with companies that have significant brand
recognition and distribution channels. SureFire Commerce is headquartered in
Montreal, Quebec, with offices in Hull, Quebec, and London, England.


Paybyweb Web Cam

Paybyweb.com, one of the Nation’s leading providers of online payments, began broadcasting its operations over the Internet. Visitors to Paybyweb.com can watch the Sales and Marketing, I.T., and Check Processing departments with the click of a mouse. Cameras feed live video of Paybyweb via the company’s website at [http://www.paybyweb.com][1].

“We have seen a growing trend towards companies putting up websites that offer merchant accounts and credit card processing, while providing little in the way of customer service or support,” said David Weiss, Paybyweb.com President and Chief Executive Officer. “More often than not, these companies don’t process their ‘clients’ payments and can take days to respond to inquiries. We are turning back time by answering our phones, promptly responding to emails, and putting the word `SERVICE’ back in Customer Service. In these days of automated e-mail replies that have replaced personal contact, Paybyweb.com has invested in technology that allows our clients to interact with us and actually see us working for them.”

About Paybyweb, Inc.

Paybyweb, Inc., based in Tampa Bay, Florida, has been a provider of secure electronic transactions since 1992, which makes them one of the most experienced players in the industry. They currently offer; merchant accounts, third party credit card processing, transaction gateway, EFT’s, pre-authorized draft printing, site design, hosting, and live bank verification. Businesses using the services offered by Paybyweb.com, can take orders by phone, fax, or over the Internet. Paybyweb.com processes payments for some of the Country’s largest companies, including AAA Motor Club, Nightingale Conant, Herbalife, and Investor’s Business Daily.

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



MasterCard International and Banco Edwards del
Banco de Chile announced that the Chilean Naval training ship Buque
Esquela Esmeralda successfully utilized MasterCard Corporate cards issued in
Santiago, Chile to finance their seven-month voyage through the Asia/ Pacific
region. The ship’s officers accessed funds in various ports in Peru, Mexico,
Japan, Korea, People’s Republic of China (PRC), Australia, Hawaii and New

“We are pleased to be able to assist the Chilean Navy, and this is a great
example of how government and corporations can use MasterCard’s Corporate and
Purchasing programs to their advantage. Payment utility across all markets was
a key factor for the Emeralda’s voyage through the Asia/ Pacific region.
MasterCard is the ideal organization to work with as the MasterCard Card® is
the world’s most accepted payment card, with over 22 million acceptance
locations,” commented MaryKay Gaines, Vice President Corporate Payment
Solutions for MasterCard International Latin America and the Caribbean Region.

“In recent studies conducted by MasterCard, corporate cards have been shown to
help corporations increase their efficiency by providing them better control
over their expense reporting and cash flow management,” she added.

In the past, the Esmeralda had to operate as its own bank. The MasterCard
Corporate cards issued to the naval ship’s top officers enabled them to access
funds at various ports to pay wages and payroll for the crew as well as
purchasing supplies, fuel and other requirements during the journey.

Lieutenant Commander Ian Carlo Ceppi said, “It was so easy to use and access
money when we needed it. It was a great advantage for us and the crew was
to be able to use their cards and spend their money.”

The benefits of traveling with a corporate card include the convenience of not
having to carry large sums of cash, safe and accurate transactions when making
withdrawals at merchant locations or ATMs and transparent reporting that saves
both time and money. MasterCard International has a wide assortment of
corporate payment solutions that can easily be adapted to meet the needs of
both corporations and the public sector.

About MasterCard International

MasterCard International has a comprehensive portfolio of well-known, widely
accepted payment brands including MasterCard, Cirrus and Maestro. More than
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,
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
campaign is now seen in 80 countries and in 40 languages, giving the
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 Sept. 30, 2001, gross annual dollar volume exceeded US$704