TRINTECH 3Q/01

Trintech Group PLC, a leading provider of
secure payment infrastructure solutions, announced third quarter and
nine month results for the period ended October 31, 2001.

— Trintech Group PLC’s third quarter revenues grew by 24% to $17.4
million compared with $14.0 million for the corresponding quarter last
year and nine month revenue grew by 58% to $52.8 million, compared with
$33.5 million for the nine months ended October, 31 2000.

— Third quarter fiscal year 2002 software license revenue grew 39% to
$8.2 million and nine month fiscal year 2002 software license revenue
increased by 68% to $24.2 million reflecting continued demand for
secure payment infrastructure solutions in the current difficult
economic environment.

— Pro forma gross margin for the third quarter grew 21% to $8.9 million
and 58% to $27.2 million for the nine months ended October 31, 2001.

— Pro forma basic and diluted net loss per ADS for the third quarter was
$(0.06) and for the nine month period was $(0.22).

— Reported basic and diluted net loss per ADS for the third quarter was
$(0.25) and for the nine month period was $(0.79).

— Cash usage was $8 million for Q3 with a closing cash balance of $74
million.

John McGuire, Chief Executive Officer, commented on the results: “Despite
significant pressure on IT spending in the current economic slowdown,
Trintech
was able to increase Q3 revenue by 24% over last year. Moreover, we continue
to take the necessary steps to reduce our operating costs, which have already
delivered significant annualized cost savings, proving that we remain
focussed
on our strategy to return to profitability. We are pleased to report a
sequential decline of 11% in pro forma operating expenses, as compared to Q2.
Today’s results reflect Trintech’s ability to navigate through tough times by
signing new customers such as Brother International and Magyar Takarek Bank
(MTB) and extending current customer relationships such as ABSA Group Limited
and GZS.”

“I am pleased that despite worsening global market conditions we achieved
24% revenue growth due to continued sales execution. The measured steps we
continue to take to aggressively manage costs will help ensure the long-term
health of the business, together with healthy cash reserves of $74 million.
In terms of cost and cash management, we are confident the efforts we are
taking today will provide us with more competitive flexibility in responding
to changing market conditions as we extend our leadership position in the
payment space,” said Paul Byrne, Chief Financial Officer.

REVENUES

Revenue for the third quarter ended October 31, 2001 was $17.4 million
compared with $14.0 million for the corresponding third quarter ended October
31, 2000 an increase of 24%. Revenue for the nine month period ended October
31, was $52.8 million compared with $33.5 million for the corresponding nine
months of the previous year. This was an increase of 58%.
Third quarter software license revenue was $8.2 million, an increase of
39% over software license revenues of $5.9 million for the corresponding
quarter, last year. Nine months ended October 31, 2001 software license
revenue was $24.2 million, an increase of 68% over the corresponding nine
month license revenue last year of $14.4 million. Third quarter product
revenue increased 11% to $6.7 million from $6.1 million for the previous
quarter. Nine month product revenue increased 24% to $19.2 million from $15.5
million.

Third quarter service revenue rose 22% from $2.0 million for the third
quarter last year to $2.5 million for the third quarter ended October 31,
2001. Nine month service revenue rose 163% from $3.6 million to $9.4 million
this fiscal year. This quarter there was a shortfall in professional
services’ overall contribution to revenue. After September 11th many of our
professional services staff were unable to travel readily to their
destinations and were therefore unable to fulfill some of their services. Due
to these exceptional circumstances we lost billable time for this revenue
line.

GROSS MARGIN

Pro forma gross margin for the third quarter was $8.9 million, up 21% from
$7.3 million in the corresponding quarter, last fiscal year 2001. Meanwhile,
pro forma gross margin for the nine month period was $27.2 million, up 58%
from $17.2 million in the corresponding fiscal period ended October 31, 2000.
This reflects the modest increase in high margin software license revenue.

PRO FORMA OPERATING EXPENSES

Pro forma operating expenses declined sequentially by an impressive 11%
this quarter. The sequential decline in all elements of operating expenses
reflects the company’s strong fiscal controls and consistent review of
operating expenses. We expect to see pro forma operating expenses continue to
decline further as a percentage of revenue over coming quarters as we
continue
to identify opportunities to extract costs from the business.

Third quarter pro forma sales & marketing expenditure fell 2% to $4.5
million from $4.6 million in the prior year as the sales & marketing
operating
cost base is further streamlined. Nine month pro forma sales & marketing
expenditure grew 28% to $15.4 million from $12.0 million. Third quarter pro
forma research & development expenditure grew by a mere 2% to $4.9 million
over the corresponding quarter last year. This marginal increase underlines
the company’s efforts of measured investment in key business areas. Nine
month pro forma research & development expenditure grew by 25% from $13.1
million to $16.4 million this fiscal year.

Third quarter pro forma general & administrative expenditure grew 60% to
$3.8 million and nine month pro forma general & administrative expenditure
increased by 80% to $12.0 million from $6.7 million as we consolidate our
global infrastructure and continue to take on the infrastructure of the
businesses we acquired.

EXCEPTIONAL CHARGE

Trintech recorded an exceptional charge in the third quarter FY 2002 of
approximately $1.25 million in relation to the restructuring of its UK
business, which is primarily a write down of receivables. In addition, we
expect to record a restructuring charge in Q4 of approximately $2.0 million,
primarily focused on staff reductions and associated costs as we continue to
aggressively manage our cost base to reflect current market conditions.

NET LOSS

Pro forma basic and diluted net loss per equivalent American Depository
Share (ADS) for the quarter ended October 31, 2001 was $(0.06) compared with
the pro forma basic and diluted net loss per ADS of $(0.04) for the
corresponding quarter ended October 31, 2000. Reported basic and diluted net
loss per equivalent ADS for the quarter ended October 31, 2001 was $(0.25)
compared with the reported basic and diluted net loss per ADS of $(0.10) for
the corresponding quarter ended October 31, 2000.

Pro forma basic and diluted net loss per equivalent ADS for the nine
months ended October 31, 2001 was $(0.22) compared with the pro forma basic
and diluted net loss per ADS of $(0.18) for the corresponding nine months
ended October 31, 2000. Reported basic and diluted net loss per equivalent
ADS for the nine months ended October 31, 2001 was $(0.79) compared with the
reported basic and diluted net loss per ADS of $(0.32) for the corresponding
nine months ended October 31, 2000.

PRO FORMA REPORTING

Trintech has chosen to disclose pro forma as well as reported figures,
commencing in quarter one, to increase transparency and provide information
to
investors on cash generation and utilization.

RECONCILIATION OF PRO FORMA NET LOSS TO NET LOSS

In the quarter ended October 31, 2001 the Company recorded expenses
totaling $11.3 million, equivalent to $0.19 per ADS, including non cash
expenses of $10.0 million, which were not included in the pro forma net loss
for quarter three:

— Restructuring charge of $1.25 million, equivalent to $0.02 per ADS, to
cover the restructuring of our UK business which is primarily a write
down of receivables

— Depreciation of $0.9 million, equivalent to $0.02 per ADS

— Amortization of goodwill, for our four acquisitions, of $7.0 million,
equivalent to $0.11 per ADS

— Amortization of purchased intangible assets of $1.0 million, equivalent
to $0.02 per ADS

— Amortization of acquired technology of $1.1 million, equivalent to
$0.02 per ADS

— Stock compensation charge of $0.1 million, equivalent to $0.00 per ADS
in relation to stock options granted in 1999 at market value
In the nine months ended October 31, 2001 the Company recorded expenses
totaling $34.0 million, equivalent to $0.56 per ADS, including non cash
expenses of $30.2 million, which were not included in the pro forma net loss
for the nine months:

— Restructuring charge of $3.8 million, equivalent to $0.06 per ADS, to
cover the restructuring of our UK business and costs relating to staff
reductions and the closure of excess facilities as we seek to gain
optimum benefits from natural synergies with the acquired businesses
and seek to concentrate on products with the highest earnings potential

— Depreciation of $2.5 million, equivalent to $0.04 per ADS

— Amortization of goodwill, for our four acquisitions, of $20.8 million,
equivalent to $0.34 per ADS

— Amortization of purchased intangible assets of $2.9 million, equivalent
to $0.05 per ADS

— Amortization of acquired technology of $3.2 million, equivalent to
$0.05 per ADS

— Stock compensation charge of $0.8 million, equivalent to $0.02 per ADS
in relating primarily to stock options granted in 1999 at market value
to the members of the Company’s Advisory Board and to MasterCard as
part of a strategic alliance with the Company
In the quarter ended October 31, 2000 the Company recorded non cash
expenses totaling $3.4 million, equivalent to $0.06 per ADS, which were not
included in the pro forma net loss for quarter three:

— Depreciation of $0.5 million, equivalent to $0.01 per ADS

— Amortization of goodwill of $1.4 million, equivalent to $0.02 per ADS

— Amortization of acquired technology of $0.3 million, equivalent to
$0.01 per ADS

— Stock compensation charge of $1.2 million, equivalent to $0.02 per ADS
in relation to stock options granted in 1999 at market value to the
members of the Company’s Advisory Board and to MasterCard as part of a
strategic alliance with the Company
In the nine months ended October 31, 2000 the Company recorded non cash
expenses totaling $7.7 million, equivalent to $0.13 per ADS, which were not
included in the pro forma net loss for the nine months:

— Depreciation of $1.2 million, equivalent to $0.02 per ADS

— Amortization of goodwill, of $1.4 million, equivalent to $0.02 per ADS

— Amortization of acquired technology of $1.0 million, equivalent to
$0.02 per ADS

— Stock compensation charge of $4.1 million, equivalent to $0.07 per ADS
in relation to stock options granted in 1999 at market value to the
members of the Company’s Advisory Board and to MasterCard as part of a
strategic alliance with the Company

EXCEPTIS TECHNOLOGIES EARNOUT

Trintech reached agreement in Q3 on its earn-out obligations to Exceptis
Technologies, which it acquired in November 2000. Under the terms of the new
agreement if certain performance milestones are met, shareholders, management
and employees will be entitled to a total consideration of $1 million in
cash.
Previously the two year earn-out agreement stated that Trintech would issue
$10 million of stock on the completion of the said milestones.

RECENT HIGHLIGHTS

— Trintech’s relationship with Absa Group Limited, a leading South
African financial services group, further developed this quarter. They
implemented a complete range of Trintech’s technology platforms
including PayWare eAcquirer, PayWare Guardian and PayWare eIssuer, as
the infrastructure backbone for the Group’s Online Payment service to
offer South Africa’s first secure, open B2B and B2C online payment
service. Absa’s customers include over 860,000 credit cardholders, 7.3
million debit cardholders, and 25,000 merchants.

— Brother International Corporation selected Trintech’s enterprise
ePayment solution PayWare ERP to automate all its web-based and call
center payment transactions in Q3 allowing them to procure a higher
volume of credit card orders, thus reducing its operating costs.

— Magyar Takarek Bank (MTB) the parent organization of the Hungarian
Savings Co-operative Banks and a subsidiary of Germany’s DG Bank,
deployed Trintech’s next generation card issuing and merchant acquiring
technology — PayWare eCMS to power Hungary’s largest card issuing and
merchant acquiring system.

— Bankart, Slovenia’s national card processing service, deployed PayWare
eCMS to manage card issuing and merchant acquiring requirements of all
the country’s major banks. PayWare eCMS’s flexible design enables
Bankart to process card transactions on behalf of multiple financial
institutions in multiple currencies and support their banks’ varied
card programs and merchant accounts.

— This quarter FREEDOM, a unit of Fiserv agreed to integrate FREEDOM’s
TRACKER software into ReconNET to offer its customers the industry’s
most powerful reconciliation and unclaimed property solution.

— ReconNET TRACKER brings together the acknowledged leaders in their
industries, and delivers a best of breed solution that provides
immediate benefit to any company looking to reduce cost and improve its
bottom line performance. Also this quarter, St George Bank Limited
became the first company in Australia to employ PayWare Resolve through
a partnership with eFunds International.

— Trintech announced the release of PayWare ReconNET version 6.0 with the
latest advances in database and application technology resulting in a
fivefold improvement in performance while providing greater
efficiencies for automated reconciliation. Increasing system
performance and providing users with the most advanced and flexible
reconciliation capability are Trintech’s main objectives with ReconNET
6.0.

— Trintech announced on November 13, 2001 that it acquired VeriFone’s
secure payment infrastructure and Internet payment ePS product line for
a cash consideration of $3.3 million. The acquisition of software and
customers gives Trintech further leading edge technology and blue chip
customers thereby reinforcing Trintech’s leadership position in the
consolidating electronic payment sector.

About Trintech

Trintech is a leading provider of secure electronic payment infrastructure
solutions for real world, Internet and wireless transactions. The company,
founded in 1987, offers a complete range of payment software products for
credit, debit, commercial and procurement card applications. Trintech’s
secure
product range is deployed in over 35 countries worldwide and covers the
payment requirements of consumers, card issuing banks, merchant acquiring
institutions, merchants, eMerchants, telcos, wireless operators, ISPs/CSPs,
Portals and large corporations. The Group’s range of scalable, open systems
architecture solutions for UNIX(R) and Windows NT(TM) platforms covers
consumer, merchant and financial institution requirements for all card-based
payments, including eCommerce and the emerging world of mCommerce. Trintech
can be contacted in the U.S. at 2755 Campus Drive, San Mateo, CA 94403 (Tel:
650-227-7000) and in Ireland at Trintech Building, South County Business
Park,
Leopardstown, Dublin 18 (Tel: 353-1-207-4000). Trintech can be reached on the
Web at
http://www.trintech.com. Investor
information
can be found at
http://www.trintech.com/investor.

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SureView

In order to help bankcard issuers meet the special challenges associated with the high-risk, non-prime market segment, Experian, a leading provider of innovative scoring technology, today announced the launch of SureView, its revolutionary risk management tool. Using this easily accessible, cost-effective new score, lenders can target marketing programs more effectively, tailor product offers according to risk and improve approval rates while reducing losses.

“Serving consumers with emerging or problem credit histories can be very profitable for lenders, provided the extra risk involved is carefully managed,” said Charles Chung, vice president of information intelligence for Experian. “Based on client validation results, we are confident that SureView is significantly more predictive than traditional risk models for lenders serving the non-prime market.”

Traditional risk models fall short in their predictiveness for this market and often classify non-prime applicants as unacceptable risks. SureView was developed to capture the nuances of this unique market, resulting in powerful and robust risk prediction. The score also incorporates multiple scorecard technology and was developed using Experian’s proprietary set of advanced and complex bureau variables, which evaluate data patterns in relationship to each other for optimum risk assessment. In addition to offering more accurate risk prediction, SureView also scores a larger number of records traditional risk models consider “unscorable.”

“SureView is the latest in a series of industry-specific risk models developed by Experian to serve unique markets, such as auto lending, telecommunications, credit unions and retail,” said Chung. “These industry- specific risk management tools outperform traditional bureau risk models by capturing the nuances of given industries and targeting their predictive powers solely on those industries.”

SureView can be used in online applications for new account approval, for prescreen and account management programs in the batch environment, or as a dual-tool strategy in conjunction with bankruptcy models.

About Experian

Experian enables organizations to find the best prospects and make fast, informed decisions to improve and personalize relationships with their customers. It does this by combining sophisticated and intelligent decision- making software and systems with some of the world’s most comprehensive databases of information on consumers, businesses, motor vehicles and property. Through multi-channel delivery of its Web-based products and services, Experian enables its clients to conduct secure and profitable e-business and develop state-of-the-art Customer Relationship Management (CRM) systems for communicating and building one-to-one relationships with customers. Experian is a subsidiary of GUS plc and has headquarters in Nottingham, UK, and Orange, Calif. Its 12,000 people support clients in more than 50 countries. Annual sales are approximately $1.5 billion.

For more information, visit the company’s Web site at [http://www.experian.com][1].

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

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BDC ATM

SLMsoft.com Inc., a leading
global provider of e-financial solutions, announced a $300,000 software
license contract with Banque du Caire of Egypt.

Under the terms of the agreement, SLMsoft.com will provide its FTS
software to replace the current software and manage BDC’s cash dispensing
machines and ATM’s throughout Egypt. In addition, SLM will also be linking BDC
to the Egypt 123 Network replacing their incumbent switch.

“BDC is one of the largest commercial banks in Egypt and has been using
our multicountry switch for Egypt, UAE and Bahrain since 1994. We welcome the
opportunity to expand the services that we provide to BDC, as this is a
reflection of the level of service that we have provided to BDC,” said Govin
Misir, Chairman & CEO of SLMsoft.com. With this contract, our FTS solution
becomes the core of the electronic transaction processing at BDC. This will
open the door for additional technology implementations at BDC, such as our
Comprehensive Card Management Solution.”

“This contract will allow BDC to enhance its position as one of the
leading commercial banks in Egypt and will enable us to provide a better
quality electronic banking services for our customers. We have been using
SLM’s solutions for the last 7 years and we believe that this is an
appropriate time to expand our business relationship with SLM as we are
looking for efficient, cost effective technology solutions,” said Gamil Salem,
General Manager, Banque du Caire. “We selected SLMsoft.com’s technology to
replace that of our incumbent after a thorough search for a new provider.
SLMsoft.com’s superior technology provides our network with faster response
times that are secure, reliable and ultimately the most cost effective.
Furthermore, SLMsoft.com’s FTS solution can serve as a foundation from which
to upgrade our credit card system in the future.”

About FTS Software

SLMsoft.com’s FTS switching and network managing software enables the
efficient movement of transactions from any end-user delivery channel and
exchanges them securely and seamlessly with any destination. FTS is installed
throughout the world and is acknowledged as being the leading choice for those
seeking a fast, reliable, cost-effective and extensible transaction management
solution. FTS is capable of providing scaleable transaction management
solutions to meet the needs of small financial institutions and also large
global banks such as the Bank of China. FTS is used to run proprietary ATM
networks, Internet, IVR and point-of-sale (POS) transaction networks, bill
payment services, branch-to-branch transaction switching services, credit,
debit and cheque authorization requests for private label or national cards,
and a host of other applications.

About SLMsoft.com

Founded in 1986, SLMsoft.com is a leading developer of electronic payment
systems and transaction processing solutions, including e-commerce
applications with a focus on the financial services industry. SLMsoft.com
provides real-time end-to-end e-banking solutions that include Internet
banking, interactive voice recognition (IVR), debit and credit card issuing,
automated teller machines and point-of-sale network management, retail branch
management, and e-CRM enabling technology. SLMsoft.com also provides
investment brokerage client and portfolio management applications for the
brokerage industry; e-health solutions which enable health insurance claims to
be evaluated at the point of service, processed and settled in real time; and
e-government solutions which enable consumers to pay fees for government
services in person, at kiosks, through IVR systems or the Internet. For more
information, please visit the Company’s website at
http://www.slmsoft.com.

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Deloitte & Touche Survey

A new survey shows that 66% of shoppers paid for their purchases this past weekend with cash or check, reiterating the focus on savings and paying off debt reported in two surveys conducted after September 11 by Deloitte & Touche and BIGresearch. Limited credit card use is one of several factors that may be contributing to a drop in online shopping this year. The Thanksgiving Weekend survey reports that 60% of shoppers will do some portion of their holiday shopping online this year, down from 66% last year. Only 16% of consumers expect to do 50% or more of their shopping online this year. According to Deloitte & Touche, the drop in online shopping could be attributed to a number of factors such as credit card security; desire to use cash or check instead of credit cards; fewer web sites to shop as many dot-coms retailers have disappeared in the last year; worries about whether online retailers can meet holiday delivery dates; and concerns about postal delivery delays.

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ICMA AWARDS

The International Card Manufacturers Association (ICMA), a global non-profit association for card manufacturers, personalizers and service providers, recognized four winners and eight finalists for Outstanding Card Design and Technical Achievement at the Fifth Annual Élan Awards for Card Manufacturing Excellence, on Friday, November 9, 2001 at ICMA Headquarters, Princeton Junction, New Jersey.

The judges were ICMA associate member Bill Blickensderfer of Kappus Plastic Company, Inc. (Hampton, NJ), a leading manufacturer of calendered rigid vinyl; Meike Krueger of CeBIT (Hannover, Germany), the world’s largest information technology trade fair; and Kathryn Quinn of Hannover Fairs USA (Princeton, NJ), which is organizing the USA Security & Card Technology Pavilion, a cost-effective turnkey group exhibit. Each entry was selected in a blind competition, unidentified by company.

One winner and two finalists were chosen in each of the four following award categories:

Best Non-Secure Card Design
Winner: Nordstrom Coffee Bean Card
Customer for Card: Nordstrom
Manufacturer Entrant: QualTeq, Inc.
Location: South Plainfield, NJ, USA

Finalist: Rivercard Grand Opening 2001 Card
Customer for Card: Siena Hotel Spa Casino
Manufacturer Entrant: JET Lithocard
Location: Downers Grove, IL, USA

Finalist: Ticket Card for AFC System
Customer for Card: Guangzhou Public Utilities Administration Bureau
Manufacturer Entrant: Beijing AeroSpace Golden Card Electronic Engineering Co. Ltd.
Location: Beijing, China

Best Secure Card Design

Winner: President’s Choice MasterCard®
Customer for Card: Credit Union Electronic Transaction Services
Manufacturer Entrant: Giesecke & Devrient, Canada
Location: Markham, ON, Canada

Finalist: Barclaycard Gold MasterCard®
Customer for Card: Barclays Bank
Manufacturer Entrant: ID Data plc
Location: Corby, Northamptonshire, UK
Finalist: Gymnastics Canada MasterCard®
Customer for Card: Bank of Montreal
Manufacturer Entrant: Giesecke & Devrient, Canada
Location: Markham, ON, Canada

Best Phone Card Design

Winner: Hacelia Attenuata
Customer for Card: Croation Telecomm
Manufacturer Entrant: Marimpex
Location: Rakov Potok, Zagreb, Croatia

Finalist: Maligne Lake
Customer for Card: RSL COM
Manufacturer Entrant: Keystone Manufacturing (Plastics) Ltd.
Location: Scarborough, ON, Canada

Finalist: SBC Calling Card
Customer for Card: SBC Long Distance
Manufacturer Entrant: Versatile Card Technology, Inc.
Location: Downers Grove, IL, USA

Technical Achievement

Winner: CD SIM Promotional Card
Customer for Card: ORGA Kartensysteme GmbH
Manufacturer Entrant: ORGA Kartensysteme GmbH
Location: Flintbek, Germany

Finalist: Lane Bryant Credit Card
Customer for Card: Lane Bryant
Manufacturer Entrant: QualTeq, Inc.
Location: South Plainfield, NJ, USA
Finalist: SKL Super-Privileg-Card
Customer for Card: VCT Germany GmbH
Manufacturer Entrant: Versatile Card Technology, Inc.
Location: Downers Grove, IL, USA

“These prestigious, global awards represent the pinnacle of card manufacturing achievement in four different areas,” said Jeffrey E. Barnhart, executive director of ICMA. “The Élan Awards are a great way to recognize the innovative leaders in this growing industry.”

For information on becoming a member of ICMA, contact Lynn McCullough at (609) 799-4900; e-mail lmccullough@icma.com or visit the ICMA web site at http://www.icma.com.

About ICMA

Based in Princeton Junction, NJ, ICMA is a non-profit association of plastic card manufacturers, personalizers and related industry participants. With more than 220 members globally, the ICMA acts as a clearinghouse for industry issues, including the production, technology, application, security and environmental issues of plastic cards.

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QUICKBOOKS UK

SureFire Commerce (U.K.) Ltd., a
subsidiary of Montreal-based SureFire Commerce Inc., and Intuit UK
announced the launch of the QuickBooks UK Credit Card Service, enabling
small businesses in the U.K. and Ireland to process credit card payments as
well as send and settle invoices by email in pounds sterling and euros. This
launch extends the successful Canadian collaboration of SureFire Commerce and
Intuit Canada on QuickBooks 2001, Quicken 2002 Home & Business, and now
QuickBooks 2002.

“SureFire Commerce has developed an outstanding relationship with Intuit
Canada and we expect to have the same success with Intuit UK,” said Rory
Olson, President and CEO of SureFire Commerce Inc. “Our payment solutions are
breaking down the technological and administrative barriers that once would
have prevented small businesses from acquiring a payment method that greatly
facilitates sales and helps them get paid faster. We believe this added value
helps make the solutions of Intuit UK and Intuit Canada a distinct and
compelling choice for small businesses.”

The QuickBooks Credit Card Service enables small businesses to accept
VISA, MasterCard, and FirePay payments online, in person, by telephone, or by
mail without the need for credit card swipe terminals, a dedicated telephone
line, or lengthy applications with multiple credit card issuers. FirePay is an
electronic payment account that consumers can securely fund from a variety of
sources and use to buy online without having to divulge sensitive credit card
information.

The QuickBooks UK Credit Card Service features SureFire Commerce’s Bill
Presentment and Payment solution as well as SureFire Commerce’s new multi-
currency capability. The Bill Presentment and Payment solution empowers
merchants to send invoices by email with only a few keystrokes and allows
their customers to make payments online without having to write a cheque or
mail an envelope. With SureFire Commerce’s multi-currency capability, U.K. and
Irish merchants can accept and settle payments in pounds sterling and the
euro, free of foreign-exchange risk.

SureFire and Intuit Canada Celebrate One-Year Anniversary

The launch of the QuickBooks UK Credit Card Service also coincides with
the launch of QuickBooks 2002 in Canada, marking one year of collaboration
between Intuit Canada and SureFire Commerce Inc. QuickBooks users are now
collectively processing more than $1 million in gross transactions per month.
The great majority of QuickBooks Credit Card Service users are professionals,
such as accountants, lawyers, and dentists, but user profiles also diverge
into areas such as wholesalers, retailers, Internet service providers, and Web
developers.

“The QuickBooks Credit Card Service is very popular and has helped
strengthen QuickBooks’ competitive position in the Canadian market,” said
Stephen Lee, Managing Director of Intuit UK. “We believe the QuickBooks Credit
Card Service will also be a valuable tool for UK merchants looking to save
money, get paid faster and to offer a broader range of options to their
clients.”

“Intuit’s goal is to revolutionize the way small businesses do business,
and we believe SureFire Commerce’s technology is a great asset in this
regard,” Lee said. “SureFire’s payment technology has been hugely popular with
our Canadian small business clients. We’re anxious to extend that to small
business owners in the U.K.”

About Intuit Canada

Intuit Canada Limited is headquartered in Edmonton and has offices in
Calgary, Toronto, and Montreal. The company is a leading developer of finance
and business management solutions, including personal finance management,
business management and accounting, and tax preparation software, as well as
Web-based services. Intuit’s products and services include Quicken(R),
http://www.quicken.ca, QuickBooks(R), QuickTax(TM),
ImpôtRapide(R), and QuickWealth
Planner(TM). Through Intuit GreenPoint, the company offers ProFile(TM),
professional tax preparation software, and ProFile FP(TM) professional
financial planning software. Together, Intuit Canada and Intuit GreenPoint
enable individuals, small businesses, and financial professionals to better
manage their financial lives and businesses. Visit Intuit Canada Limited at
http://www.intuit.com/canada and Intuit GreenPoint at
http://www.greenpointsoftware.com.

About SureFire Commerce Inc.

SureFire Commerce Inc. 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 merchants, bill presentment
and payment processing for physical businesses, and corporate billing
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).

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Beetle Goes XP

Wincor Nixdorf Inc., the leader in the delivery of open systems solutions to the retail and banking industries, today announced that it is among the first POS hardware manufacturers to offer a solution based on Microsoft Corp.’s Windows XP Embedded operating system.

The announcement was made today at Microsoft’s second annual Windows Embedded Developers Conference in Las Vegas, where Wincor Nixdorf demonstrated a range of BEETLE POS systems powered by the new operating system.

Wincor Nixdorf with its BEETLE family is part of the Microsoft Windows XP Embedded Rapid Development Program (RDP), where it has already proven its abilities to run the Windows XP Embedded operating system. Wincor Nixdorf’s engagement at this early stage ensures the company’s technological leadership and compatibility with Microsoft Windows Embedded-based technologies.

The combination of Windows XP Embedded and the BEETLE POS systems gives retailers the benefits of a secure, stable operating system that is ideal for deployment on the BEETLE’s thin-client architecture. Wincor Nixdorf will work with retailers to tailor Windows XP Embedded solutions to their exact requirements, building in the desired functionality and applications to create a locked-down environment that delivers reliable performance. Windows XP Embedded features a 32-bit computing architecture and a fully protected memory model. It enables faster time to market with rich end-to-end development tools that streamline OS customization and application development, for fast adaptation to retail environments.

“Wincor Nixdorf is excited to be a leader in bringing Windows XP Embedded solutions to retailers,” said Jeff Soisson, president and CEO of Wincor Nixdorf USA. “Microsoft has demonstrated a strong commitment to the retail market with Windows XP Embedded. The new operating system leverages the flexible architecture of our thin-client BEETLE POS systems and will enable Wincor Nixdorf to deliver very cost-effective solutions based on Windows XP Embedded.”

“In developing Windows XP Embedded, we wanted to ensure that the operating system would meet the unique needs of the retail industry,” said Jim Allchin, group vice-president of Platforms at Microsoft Corp. “Wincor Nixdorf’s BEETLE POS systems prove that Windows XP Embedded is ready to meet these requirements and can deliver key benefits such as lower cost of ownership to their retail customers.”

Windows XP Embedded: Designed for Demanding Retail Environments

Integrated into Windows XP Embedded is a complete collection of mission-critical technologies that anticipate and address the unique demands of the retail environment. These include:

— Fast OS customization and build process through Target Designer and Component Designer tools.

— USB support enables “plug-and-play” installation of peripheral devices such as printers and scanners.

— Smart card support integrates smart card capabilities into the operating system, including support for smart card log-on to terminal server sessions.

— Compact PCI support through the PCICMG HS-CSR standard; Windows XP Embedded ships with several Compact PCI network adapters.

— Dual monitor display capability eliminates the need to write custom software to enable deployment of monitors for both checkers and customers at POS stations.

— Windows Media Player 8 enables streaming audio and video at the point of sale, creating enhanced merchandising and advertising opportunities.

— Improved boot and storage options including nonvolatile R/W storage devices such as Flash ROM and Magnetic Disk; nonvolatile R/O storage devices such as ROM and CD-ROM; and DiskOnChip Flash, ATA and Compact Flash.

— Remote Desktop Protocol (RDP) allows the BEETLE to communicate with a terminal server across a LAN, WAN, or by means of a dial-up, ISDN, DSL or VPN connection. — Wireless LAN support with zero configuration capabilities, enabling seamless roaming between different networks.

— Remote GUI desktop with terminal services allows remote GUI management of an embedded system.

— Small memory footprint enables a POS platform configuration as small as 32 MB of RAM.

The BEETLE Family of POS Systems

Wincor Nixdorf’s BEETLE family of POS systems addresses the complete spectrum of customer touch points in the retail store environment. With solutions that encompass thin-client POS terminals, lean-and thick-client POS systems, kiosks, lottery terminals, and mobile POS devices, the BEETLE family is the industry’s most comprehensive POS product line. An open design supporting commonality of components across the entire BEETLE family substantially simplifies software deployment and hardware maintenance, keeping costs down and productivity high. More than just PCs, BEETLE systems are rugged, designed to withstand the rigors of retail environments. All systems include standard retail interfaces, accept a wide range of peripherals, and are compliant with established retail software standards. The BEETLE family offers retailers a choice of operating systems as well as the most expansive and complete set of JavaPOS(tm) and OPOS drivers for POS peripherals.

About Wincor Nixdorf

Worldwide, Wincor Nixdorf Inc. is one of the fastest growing providers of IT products and solutions for the retail and banking industries. Wincor Nixdorf’s offerings include hardware, application software, professional services and a complete range of service programs including on-site support, depot service and Advanced Exchange. Wincor Nixdorf is the world’s third largest provider of POS systems and automated teller machines. Employing more than 4,000 people, Wincor Nixdorf operates in 40 countries with manufacturing plants in Germany and Singapore. North American headquarters are in Austin, Texas, and Boston, Mass. For more information, visit .

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EBAY WALLET

hyperWALLET Systems Inc. announced
today that it has entered into an agreement with eBay.ca, Canada’s leading
online trading community, to offer enhanced payment services to eBay users in
Canada.

hyperWALLET will offer eBay traders payment services including
invoicing and cash or credit card payments. hyperWALLET, a cash-based
payment solution for online purchases and email funds transfer, will also
enable traders to convert currency online and to complete their payments in
either Canadian or US dollars. In addition to hyperWALLET’s existing online
cash payment services, the company has partnered with Beanstream Internet
Commerce Inc. to allow hyperWALLET customers to complete eBay auction
transactions with Visa or MasterCard.

“hyperWALLET represents a significant addition to our online trading
community,” says Lorna Borenstein, general manager, eBay.ca. “eBay Canada
users have been asking for increased flexibility in how they make or receive
payments for auction transactions. hyperWALLET now allows our Canadian
traders to pay in either Canadian or US dollars, using cash or credit card.
This will mean lower costs and faster completion of our traders’
transactions.”

“eBay.ca is the ideal online environment for using a hyperWallet,” stated
Victor Jones, President of hyperWALLET Systems Inc. “This launch of our
proprietary online auction service gives eBay.ca users access to a secure
online payment system tailored to their needs. The hyperWALLET auction
service opens the eBay.ca world to many new buyers with its dual currency and
convenience to select cash or credit card payment at the time of a winning
bid.”

eBay traders can link directly to
http://www.hyperwallet.com from
eBay.ca, and easily sign up for a hyperWALLET(TM), issue an auction invoice,
and make a payment with cash or with their Visa or MasterCard.

About hyperWALLET(TM)

hyperWALLET(TM) is Canada’s only cash-based payment solution for online
purchases and email funds transfer. Designed for use by businesses,
organizations and individuals who wish to transact online, hyperWALLET(TM)
makes it possible for users to purchase merchandise online, convert currency
and email cash to friends, family or businesses. The system allows users to
securely transfer funds to their hyperWALLET(TM) from most banks and credit
unions, without reference to a credit card.

hyperWALLET(TM) is the online payment service operated by hyperWALLET
Systems Inc., a Canadian company headquartered in Vancouver, B.C. Using hub
architecture the Company securely links to the payments system in Canada and
provides payout of funds to any financial institution in North America.

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Fiserv Renews Conseco

Fiserv, Inc. announced that it has renewed its contract with top-four private label credit card issuer Conseco Finance Corp. to provide the Fiserv PLUS System credit processing solution. Conseco Finance signed the five-year contract with Fiserv after conducting an extensive review process in which flexibility and speed to market were key considerations.

Since entering the private label credit business in 1996, Conseco Finance has earned a reputation among its customers for developing and quickly executing innovative marketing promotions that grow sales. “Successful retailers are impatient by nature,” explained Todd Woodard, Conseco Finance’s President of Retail Credit. “We needed a processing solution that would allow us to keep pace with their dynamic business cycle.” According to Woodard, Conseco Finance chose Fiserv because of its partnership approach to credit card processing. “We weren’t looking for a cafeteria-style, this-is-what-you-get kind of solution,” he said. Conseco Finance has processed with Fiserv since getting into the private label business, as Green Tree Financial Corporation, five years ago.

“Fiserv was willing to establish a dedicated team to work with us on efficient ways to handle our business,” Woodard said. “They’ve also made an effort to understand what we want to accomplish in the private label market, so their solutions are on target. That’s the difference between a vendor and a partner.”

“We are delighted that Conseco Finance wants to continue its partnership with Fiserv,” said Max Narro, Vice President of Fiserv Credit Processing Services. “Conseco Finance is an innovative, fast-growing company. By providing them with a flexible, reliable and scaleable back-office solution, Fiserv enables Conseco Finance to do what they do best – carry out creative marketing plans and provide excellent customer service.” The PLUS System is not the only Fiserv product used by Conseco Finance. The company also employs the Fiserv UniFi PRO system for loan origination and receives plastic card personalization and fulfillment from Personix. The powerful mix of Fiserv core systems and information processing experience, complemented with VisionPLUS?, the industry’s leading credit processing software, provide Conseco with a unique, affordable solution for an increasingl y competitive marketplace. The Fiserv PLUS system enables Conseco to outsource its processing services without sacrificing customer relationships or its bottom line.

“We are confident we can provide Conseco with a value-added processing solution to secure and sustain Conseco’s competitive advantage in a rapidly changing and exciting marketplace,” Narro said. “We specialize in enabling organizations to aggressively grow market share in competitive markets. Fiserv is committed to bringing this value proposition to Conseco for the privilege of earning its business.” Conseco Finance Corp., with managed assets of $48 billion, is one of America’s largest finance companies and a leader in the home equity, home improvement, manufactured housing and private label credit card businesses. Conseco Finance is a subsidiary of Conseco, Inc. (NYSE: CNC), headquartered in Indianapolis, Ind. To learn more about Conseco, visit [www.conseco.com][1].

The PLUS System unites decades of Fiserv information-processing expertise with VisionPLUS® – the industry’s leading credit-processing software. This powerful mix of service and software provides a state-of-the-art foundation upon which businesses can build innovative private-label, revolving, bankcard and installment credit programs.

Fiserv, Inc. (Nasdaq: FISV) is an independent, full-service provider of integrated data processing and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 10,000 financial-service providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance agents and companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv can also be found on the Internet at [www.fiserv.com][2].

[1]: http://www.conseco.com/
[2]: http://www.fiserv.com/

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PandaCards

Drexler Technology received an order for 20,000 ‘LaserCard’ optical memory cards for use in the child healthcare ‘PandaCard’ program in the People’s Republic of China. The China Advisory Center had overseen an earlier pilot project of the child healthcare card, which had been conducted for more than two years in Beijing. The project has issued Drexler’s optical memory cards to the parents of some two thousand young children for the storage and update of the children’s clinical records. Drexler hopes to expand the PandaCard program beyond the initial 20,000 cards based upon its estimate of 3,000 urban child-health clinics and 13 million newborns per year in urban areas.

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Vital Renews First Hawaiian

Vital Processing Services, a recognized leader in technology-based commerce enabling services, today announced the extension of its contract with with Honolulu-based First Hawaiian Bank, a subsidiary of BancWest Corporation, to include POS equipment and related services for the bank’s 6,500 merchant customers located in Hawaii and Guam. Vital has provided merchant processing services to First Hawaiian for more than 10 years.

Vital Merchant Services, a leader in terminal management and point-of-sale (POS) support services and wholly owned subsidiary of Vital Processing Services(R), will provide the terminal management services.

“We are proud to expand our existing relationship with First Hawaiian to include POS equipment and related services. As the exclusive third-party Clearing and Settlement processor and preferred provider of POS merchant processing for First Hawaiian, we have a vested interest in delivering fast, quality terminal services to keep their merchant customers processing transactions,” said Keith Smith, executive vice president of sales for Vital.

“As a Vital client for nearly 10 years, we are more than pleased with the high level of service we receive from Vital. Vital takes care of our merchant processing needs and we are happy to round out our relationship to take advantage of its terminal services. We look forward to Vital helping fuel our growth in the merchant acquiring arena,” said Gary Fujitani, senior vice president of First Hawaiian Bank.

About First Hawaiian Bank

Honolulu-based First Hawaiian Bank ($7.5 billion assets) has 56 branches in Hawaii, two on Guam and two on Saipan. First Hawaiian is a subsidiary of BancWest Corporation, a Hawaii-based bank holding company with assets of $19.8 billion as of September 30, 2001. BancWest’s other major subsidiary is Bank of the West, which is headquartered in San Francisco and has 193 branches in six Western states. First Hawaiian Bank’s website is located at [http://www.fhb.com][1].

About Vital Merchant Services

Headquartered in Sacramento, Calif., Vital Merchant Services is a leader in terminal management and point of sale (POS) support services. The full suite of POS support services includes equipment procurement and deployment, inventory management, replacement and repair services, merchant training and installation, merchant supplies replenishment and world-class help desk support. Its premiere web-based POS equipment management system, VitalSync, enables acquirers the ability to easily and efficiently manage their merchant customer’s terminal portfolios. Vital Merchant Services is a designated Authorized Repair Facility for Hypercom Card Payment Terminals. The company is a wholly owned subsidiary of Vital Processing Services, a recognized leader in technology-based commerce enabling services. For more information, contact Vital Merchant Services’ Sales Department at (800)686-1999 or visit [http://www.vitalps.com][2].

About Vital Processing Services

Arizona-based Vital Processing Services(R) (Vital(R)) is a leader in technology-based commerce enabling services. Vital’s clients include acquirers and merchant service providers that offer electronic payment processing and related services to merchants. Vital provides leading point- of-sale (POS) products and services, electronic authorization and data capture; clearing, settlement and exception processing; accounting, billing and reporting; risk management; and merchant support services. Vital also provides POS equipment management services through its subsidiary Vital Merchant Services and a full suite of Information Services in conjunction with Vital’s wholly-owned subsidiary GRS. Vital is a merchant processing joint venture of Visa U.S.A. and TSYS(R) (NYSE: TSS), a global leader in payments processing. Additional information regarding Vital can be found at [http://www.vitalps.com][3].

[1]: http://www.fhb.com/
[2]: http://www.vitalps.com/
[3]: http://www.vitalps.com/

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