Fujitsu CU Deal

Fujitsu Transaction Solutions Inc. announced it has teamed with The Credit Union 24 Network — a Tallahassee, Fla.-based, member-owned credit-union network — to offer the network’s participants discounts on Fujitsu cash dispensers and automated-teller machines, including the Series 8000, the first Microsoft Windows 2000-based, Web-enabled product installed at a North American financial institution.

The alliance gives Credit Union 24 network participants reduced prices — a guaranteed minimum 20 percent discount — on all Fujitsu ATMs and cash dispensers. In turn, Credit Union 24 and Fujitsu will collaboratively market Fujitsu products to Credit Union 24’s 385 members.

“We are constantly seeking opportunities to provide sophisticated and affordable solutions in the electronic funds-transfer arena for our network participants. Fujitsu offers powerful and proven technologies for our members,” said Jim Park, chief executive officer and president of Credit Union 24. Both companies also will provide links to each other’s Web sites, allowing quick access to product information for Credit Union 24 network participants. “The Credit Union 24 Network’s decision to partner with Fujitsu speaks to the known reliability of Fujitsu’s full-scale ATMs and cash dispensers,” said Neill F. Collins, Fujitsu’s vice president of financial systems sales.

“Credit Union 24 is a respected network of leading credit unions, and it is our privilege to serve their members,” said Collins. “This is a good fit for both companies.”

Credit union members of network participants have point-of-sale access available at many large retail chains, including Publix Super Markets Inc., Winn-Dixie Stores Inc., Wal-Mart Stores Inc., Sam’s Club and Food Lion LLC. The majority of network participants do not surcharge at their ATMs. The network was created in 1980 by four Central Florida credit unions to provide a cooperative environment for the implementation of effective electronic funds-transfer strategies.

About Credit Union 24

The Credit Union 24 Network is a member-owned, deposit-taking, full-service ATM/POS network that offers ancillary electronic payment system products and services. Credit Union 24 has 385 Network Participants located throughout 20 states, with 6.5 million cardholders and more than 7,200 ATMs located in 35 states, as well as Canada, Puerto Rico, Guam, Japan, Portugal and England. The Credit Union 24 Network was created in 1980 by four Central Florida credit unions to provide a cooperative environment for the implementation of effective EFT strategies. The founding members envisioned a flexible, totally shared, deposit-taking ATM network that would enable them to work together to compete favorably and affordably with other financial institutions and networks.

About Fujitsu Transaction Solutions Inc.

Fujitsu Transaction Solutions Inc., headquartered in Dallas, is a wholly owned subsidiary of Fujitsu Limited (TSE: 6702). The company provides strategic technology expertise to North American retailers and financial institutions. Fujitsu optimizes the customer’s technology lifecycle and reduces total cost of ownership with point-of-sale (POS) hardware and software, handheld devices and applications, Web-enabled automated-teller-machines (ATMs) and managed services. Fujitsu offers world-class customer-service support, call centers, product staging/integration and rapid-response roll-outs. It serves customers such as Allfirst Financial, Albertsons, Recreational Equipment Inc., Safeway and Staples, among others. Web site: [www.ftxs.fujitsu.com][1].

[1]: http://www.ftxs.fujitsu.com/

Details

ACCOUNT AGGREGATION

TD Canada Trust and
CashEdge Inc. announced the signing of an agreement which will provide a
comprehensive financial account aggregation service to TD Canada Trust’s
Internet banking customers. The aggregation service will be piloted early next
year.

The service will provide TD Canada Trust customers secure, one-stop access to
their on-line banking and investment accounts at different institutions,
including chequing, savings, brokerage and credit card accounts.
Sanjeev Dheer, CEO of CashEdge, stated, “Using our aggregation technology, TD
Canada Trust will provide its customers with the convenience of having their
on-line financial information in one place so they can easily see a summary of
their individual accounts and financial status,” said Sanjeev Dheer, chief
executive officer of CashEdge.

“Aside from the convenience of having their own personal financial `hub,’ TD
Canada Trust customers will enjoy the comfort of dealing with the bank they
already have a relationship with and that they know will ensure the privacy and
security of their information,” he said.

“Customers have let us know they like the convenience, choice and flexibility
of our industry-leading electronic banking options. Offering customers access
to both their TD and non-TD accounts in one secure place will enhance our
ability to continue to deliver a comfortable on-line banking experience”, said
Chuck Hounsell, Senior Vice president, e.Bank, TD Canada Trust.

Gomez Inc, the Internet Quality Measurement Company, ranked TD Canada Trust the
number one Internet Banking service in Canada in August 2001. In 2001, TD
Canada Trust was ranked the overall winner in Quicken.ca’s third annual Online
Banking Report. TD Bank and Canada Trust were overall winners in 2000 and 1999
respectively.

About TD Canada Trust

A member of the TD Bank Financial Group, TD Canada Trust is Canada’s leading
retail bank. In Canada and around the world, TD Bank Financial Group serves
approximately 13 million customers in five key areas: personal banking,
commercial banking, discount brokerage, investment management and investment
banking. With more than 3.5 million online customer accounts worldwide, TD Bank
Financial Group ranks among the top financial services firms in the world as
measured by online accounts. For more information, visit
www.td.com.

About CashEdge, Inc.

CashEdge delivers personal finance management solutions to financial
institutions and portals worldwide. The company’s technology combines the power
of information aggregation with transaction capability, allowing consumers to
transfer funds between accounts at over 23,000 financial institutions
throughout the US. CashEdge was founded in November 1999 and has headquarters
in New York City and Milpitas, CA. The company’s clients include Laurentian
Bank of Canada, Royal Bank of Canada, The Vanguard Group and Yahoo! Finance.
For more information, please visit www.cashedge.com.

Details

Credit Store Fiscal Year

SD-based sub-prime specialist The Credit Store reported a net loss of $5.1 million in the fiscal year ended June 30. Total revenue for the fiscal year ended June 30 was $47.1 million. Credit card receivables for the quarter ending June 30 were $117.1 million and total accounts stood at 86,384. Acquisitions of non-performing consumer debt totaled $1.6 billion in fiscal 2001, a 14% decrease from the $1.8 billion acquired in fiscal 2000. For complete details on The Credit Store’s latest results visit CardData ([www.carddata.com][1]).

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

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EXPO CANCELLED

The International Card Manufacturers Association announced this week that it
has canceled the 11th Annual Card Manufacturing EXPO 2001 that was scheduled to
take place November 11-14, 2001 at the Athenaeum Inter-Continental Hotel,
Athens, Greece.

ICMA s decision to cancel the EXPO came after careful consideration of the
interests of the association and its members due to the current political
climate. ICMA considered several elements before coming to a decision,
including reluctance by members to travel at this time, and also recognized
that many travel limits have been imposed on employees of member companies. In
addition and as a result of these factors, ICMA believes that decreased
attendance at the EXPO would greatly affect the investments made by the
exhibitors as well as decrease the value of the event due to lack of industry
representation.

Canceling the EXPO was not an easy decision, however, in light of recent
events, ICMA supports its members worldwide cautiousness, said Jeffrey E.
Barnhart, executive director of ICMA. ICMA is a strong association and we look
forward to implementing a successful EXPO next year in Vancouver, Canada.
Traditionally the results of the Annual Card Manufacturing Global Market Survey
which reports on the number, types and markets of cards manufactured worldwide
are unveiled during the EXPO. Results of the Third Annual Card Manufacturing
Global Market Survey are still scheduled to be announced, mid-November as
planned.

Additionally, judging of the Fifth Annual Élan Awards for Card Manufacturing
Excellence will take place mid-November and will be unveiled thereafter. Award
criteria include the following categories:

· Best Non-Secure Card Design
· Best Secure Card Design
· Best Phone Card Design
· Technical Achievement

For questions or concerns about the 11th Annual Card Manufacturing
EXPO 2001, or for information on becoming a member of ICMA, contact Lynn
McCullough, phone: 609-799-4900, e-mail:
lmccullough@icma.com or visit the ICMA Web site at
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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MasterCard PDA Guide

MasterCard International has released the MasterCard Global Service PDA Guide, an online downloadable version of the MasterCard Global Service international emergency phone list for personal digital assistants, including Palm OS and Microsoft CE-powered pocket PC devices.

Cardholders can now download the emergency service telephone numbers in their PDAs, making it as convenient to find MasterCard’s emergency phone numbers as it is to look up an address from their personal address book. Consumers can use MasterCard Global Service numbers to call for assistance virtually anytime, anywhere, and in any language.

“Our numbers always have been easily accessible to cardholders via directory assistance, hotel concierge desks, bank mailings, and other sources,” said Bonnie MacDonald, senior vice president, MasterCard Worldwide Cardholder Services. “However, this new portable format puts the information literally at our customers’ fingertips. No card offers easier access to customer service worldwide than the MasterCard card.”

Working with Seattle-based Palmtop Publishing, MasterCard has made the Global Service PDA Guide available to leading PDA-focused web sites, including (among others):

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

[http://www.cnet.com][2]

[http://www.eurocool.com][3]

[http://www.pdassi.de][4]

[http://www.handago.com][5]

[http://www.pocketnow.com][6]

[http://www.palmgear.com][7]

[http://www.freewarepalm.com][8]

[http://www.skipwire.com][9]

[http://www.cewire.com][10]

PDA and travel-related web sites worldwide are invited to share this essential MasterCard software for international travelers with their web site visitors. Developers and web administrators can visit for information on adding the guide to their sites. Since its initial availability, the Global Service PDA guide has been downloaded by nearly two thousand PDA owners worldwide.

The compact, 27k, Palm OS PDA Guide is powered by award-winning OnTap(R) Technology, making it intuitive, fun to use, and easy to share person to person with a simple infrared beam. The Pocket PC edition is a 92k e-Book.

Last year, MasterCard cardholders accessed MasterCard Global Service over 780,000 times, receiving assistance by calling toll-free or collect from 200 countries in 74 languages. Call Center Magazine, a key publication covering the customer service industry, recently named the MasterCard Global Service Center the “Call Center of the Year” for the credit industry.

Examples of services available through MasterCard Global Service include:

* Lost and Stolen Card Reporting: MasterCard notifies the issuer of the missing card within 15 minutes of the cardholder’s call;

* Emergency Card Replacement: With the issuer’s approval, cardholders receive a temporary replacement card — next day in the U.S. within two business days most everywhere else;

* Emergency Cash Advance: Cardholders can receive cash — within 15 minutes in the U.S.; within one hour most everywhere else; and

* MasterCard/Cirrus ATM Locations: Cardholders are directed to the nearest of our more than 602,000 ATMs.

About Palmtop Publishing

Founded in 1997, Palmtop Publishing is the leading provider of Palm OS and Microsoft Pocket PC Digital Marketing Giveaways and marketing communications solutions that put handheld computers directly in stream with traditional advertising and marketing communications messaging.

Headquartered in Seattle, WA with affiliate offices in San Francisco, Rochester NY, Pittsburgh, PA and Stockholm, Sweden, Palmtop Publishing is led by a group of embedded systems experts and smart, fast, pioneering women. This powerful team creates with an incredible passion for their craft, decades of unsurpassed expertise in embedded systems and field-based, remotely deployed solutions, and tremendous commitment to extending client messages creatively into a whole new dimension. Palmtop Publishing can be reached by phone at 206-923-0901 or by visiting [http://www.palmtoppublishing.com][11].

OnTap is a registered trademark of Aegean Associates, Inc. Digital Marketing Giveaway is a trademark of Palmtop Publishing.

About MasterCard

MasterCard International has the most comprehensive portfolio of payment brands in the world. More than 1.7 billion MasterCard(R), Cirrus(R) and Maestro(R) 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 the leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard’s award-winning Priceless(R) advertising campaign is now seen in 81 countries and in more than 36 languages, giving the MasterCard brand reach and scope unrivaled by any competitor in the industry. With more than 21 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. In 2000, gross dollar volume exceeded US$857 billion. MasterCard can be reached through its World Wide Web site at [http://www.mastercard.com][12].

[1]: http://www.zdnet.com/
[2]: http://www.cnet.com/
[3]: http://www.eurocool.com/
[4]: http://www.pdassi.de/
[5]: http://www.handago.com/
[6]: http://www.pocketnow.com/
[7]: http://www.palmgear.com/
[8]: http://www.freewarepalm.com/
[9]: http://www.skipwire.com/
[10]: http://www.cewire.com/
[11]: http://www.palmtoppublishing.com/
[12]: http://www.mastercard.com/

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BROTHER PAY-WARE

Trintech, a global provider of secure payment
infrastructure solutions, announced that Brother International
Corporation has selected Trintech’s enterprise ePayment solution PayWare ERP
to automate all its web-based and call center payment transactions. The
solution allows Brother to procure a higher volume of credit card orders, thus
reducing its operating costs.

PayWare ERP was implemented as part of a recent initiative by Brother to
procure sales orders at their websites and manage orders entered via the
Customer Relationship Management module in its call centers. Brother is
now able to handle credit card-based financial transactions, while delivering
superior customer service and developing a greater relationship with its
customer base. PayWare ERP also allows Brother to reduce costs by lowering
the processing cost of each transaction and to deploy its offering globally
with PayWare ERP’s multi-currency functionality.

“Trintech’s PayWare ERP product enables Brother to achieve the highest
level and most responsive CRM when handling customer orders taken at our call
centers or websites,” stated Dennis Upton, CIO at Brother International
Corporation. “Brother chose Trintech for its long track record in the
payments industry and because the solution integrates easily with our SAP R/3
system.”

Prior to implementation of Trintech’s PayWare ERP solution credit card
transactions were processed through a proprietary batch-oriented system.
PayWare ERP sends and receives credit card authorizations during order entry
which allows Brother to notify its customers immediately when orders are
accepted or rejected.

“Brother International Corporation has an enormous global ERM and CRM
operation with thousands of transactions flowing through every day,” said
Trevor Healy, vice president and general manager ePayments Division for
Trintech. “Implementing the PayWare ERP solution enables Brother to
efficiently process a higher volume of online orders and be more interactive
with their customers during order entry. Streamlining the online payment
process results in significant cost savings for companies such as Brother
International Corporation.”

Developed in close collaboration with SAP, PayWare ERP is ideal for
enterprises with large transaction volumes. The solution extracts costs from
internal operations to streamline the payment process, while providing a
migration path to new revenue channels, such as eCommerce, mCommerce and
tCommerce. PayWare ERP is scalable, designed to seamlessly integrate with R/3
sales order processing system and is easily configured to process card
payments in both physical and virtual environments.

PayWare ERP Product Overview

Trintech’s PayWare ERP solution provides seamless and tight integration of
the payment acceptance function into enterprise and resource planning (ERP)
systems and retail automation applications, allowing corporations to leverage
their ERP system to realize operational efficiencies and cost benefits.
Supporting multiple financial and communication protocols, PayWare ERP manages
both the authorization and settlement of transactions between acquiring
institutions and ERP-based merchants and businesses.

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.

About Brother International Corporation

Bridgewater, New Jersey is the corporate headquarters for Brother in the
Americas, from Canada to South America and has fully integrated sales,
marketing, services, manufacturing, research and development capabilities,
located here in the U.S. In addition to its headquarters, Brother has
branches in California, Georgia, Illinois, Massachusetts, Tennessee and Texas
as well as subsidiaries in Ohio, Canada, Brazil, Chile and Mexico.

Details

Cap One 3Q/01

Capital One’s sustained drive into super-prime credit cards is paying off as the issuer reported a 38% increase in total revenues and a 35% increase in earnings. Third quarter revenue rose to $1.8 billion versus $1.3 billion for the comparable period in the prior year and earnings hit $165.3 million compared to $122.1 million for 3Q/00. Marketing expense for the third quarter was $281.9 million an increase of $48.7 million over 3Q/00. For the quarter, Cap One added 2.0 million net new accounts, bringing total accounts to 40,145,000. The company’s managed consumer loan balances increased by $3.2 billion in the third quarter to $38.5 billion. The managed net charge-off rate increased to 3.92% for the third quarter compared with 3.80% for the third quarter of 2000. The managed delinquency rate (30+ days) increased to 5.20% as of September 30, compared with 4.92% as of June 30. The company’s managed net interest margin was 9.27% in the third quarter of 2001 versus 10.75% in the comparable period last year. Cap One noted that its annualized operating expenses per account was $77.06, down from $77.38 for the second quarter and $82.84 for 3Q/00. For complete details on Cap One’s 3Q/01 results and past performance visit CardData ([www.carddata.com][1]).

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

Details

DURA-GARD

Datacard Group announced it has accelerated final development and market
introduction of a portfolio of advanced security OVD offerings that make photo
ID cards virtually impossible to counterfeit and at the same time provide
tamper-evidence that reveals any attempts at alteration or forgery. The new
Datacard DuraGard registered OVD laminates feature the advanced security
of high-resolution, computer-generated holographic imagery that cannot be
copied or reproduced with conventional scanning and printing systems. Company
officials said the new, maximum-security portfolio of OVD solutions will be
available for sale by the end of the week.

“Government agencies, corporations and other security-minded organizations need
to know the ID cards they issue are highly secure,” said Tate Preston,
marketing vice president for Datacard’s Government Solutions group. “This new
portfolio of overt and covert advanced security OVD’s represents a significant
advance over today’s commercially available laminates.”

With its OVD technology, Datacard will be able to incorporate highly secure
visual and covert effects — such as registered transparent holographic images,
kinetic movement, microprint and an advanced suite of covert features — into
the DuraGard registered OVD laminates it provides. In addition, Datacard
provides the light sources and other proprietary inspection devices that can be
used to automatically verify card authenticity.

“When the new DuraGard registered holographic laminates are combined with our
advanced OVD security features, it clearly strengthens the protection of cards
against forgery and alteration or counterfeiting,” Preston said. “The visual
and covert security we can add to an ID card provides a critical component of a
security program. But in order for ID cards and identity systems to be truly
secure, they must be part of a comprehensive plan that includes effective
policies and procedures, integrated security systems and cardholders who
understand their role in maintaining a secure environment.”

Preston said he expects Datacard’s new DuraGard registered OVD laminates will
be implemented immediately in many government and corporate identity programs
supported by Datacard.

“We’ve helped organizations issue more than 600 million photo cards in more
than 60 countries worldwide, ranging from high security passports to ID cards
for clubs and associations. In addition to building a vast portfolio of
identity solutions, we’ve also amassed a tremendous amount of knowledge
surrounding security and identity documents,” Preston said. “This expertise is
extremely valuable for our clients as we help them develop and implement
effective identity programs.”

Datacard Group provides corporations, government agencies, schools and other
enterprises with a broad portfolio of digital identity solutions. Current
engagements include national ID programs in more than 15 countries, driver’s
license programs in more than 20 countries and employee ID implementations for
many of the world’s largest corporations. In addition to offering the world’s
best-selling brand of photo ID systems, Datacard offers solutions integrating
smart cards and biometrics, to create systems for both visual and virtual
identification. The company also provides financial institutions and other card
issuers with the software, systems and services they need for successful card
programs. Offerings include smart card operating systems, multi-application
smart card management systems and the world’s best-selling family of card
personalization systems. DataCard Corporation, doing business as Datacard
Group, is privately held and based in Minnetonka, Minn. Datacard Group serves
customers in more than 200 countries.
(http://www.datacard.com)

Details

CardData 3Q/01

Fleet reported a 7.5% increase in gross accounts between the second and third quarters. As of Sept 30, Fleet had 7.2 million gross accounts and 5.24 million active accounts according to CardData’s 3Q/01 portfolio survey. Fleet’s receivables edged up from $14.5 billion for 2Q/01 to $14.6 billion for 3Q/01. Fleet’s year-to-date volume was $15,576,000,000. FleetBoston will release its earnings reports tomorrow. Meanwhile National City reports a slight decrease in its credit card portfolio. Receivables declined from $2,158,551,199 for 2Q to $2,131,046,593 for 3Q. National City’s gross accounts slipped from 1,838,144 for the second quarter to 1,811,478 for the third quarter. For complete details on 3Q/01 portfolio results visit CardData ([www.carddata.com][1]).

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

Details

SAPPI GOES TRADECARD

Sappi, the world’s leading producer of coated woodfree paper, has begun using
TradeCard, a U.S.-based company that automates the financial portion of trade
transactions and provides an online alternative to costly letters of credit
among its product offerings.

Sappi has already used these services for trade transactions with several
buyers in Hong Kong and Taiwan in lieu of letters of credit. After initial use,
the company has realized immediate process efficiency and cost saving benefits.
Further, Sappi, now aims to increase the number of buyers with whom they
conduct trade transactions using TradeCard’s web-based service.

Henri Kirsten, Financial Director of Sappi Trading, said: “Sappi had researched
a number of Internet-based options designed to save time and money by providing
alternatives to letters of credit. TradeCard currently best suits our needs. We
gave it a try and found that TradeCard made the trade transaction process
faster, more efficient, and less expensive. We look forward to more of our
buyers becoming TradeCard members.”

Once buyers and sellers become approved TradeCard members, they can then
conduct their financial portion of their trade transactions through TradeCard’s
patented financial supply chain platform. The financial supply chain involves
managing the flow of necessary data relating to settlement beginning with the
purchase order all the way to payment. This system provides all approved
trading parties and their service providers complete online visibility into
their transaction, accurate 24/7 data monitoring, e-mail reminders for tasks to
be completed, an assurance of payment to sellers upon correct fulfillment of an
order, access to export financing facilities, and a patented data compliance
engine with discrepancy notification. And unlike letters of credit where each
discrepancy results in a fee, TradeCard members can negotiate discrepancies
online at no additional cost.

“Sappi recognizes the benefits that TradeCard can bring,” said TradeCard
Chairman and CEO Kurt Cavano. “They are processing transactions with key buyers
and are seeing the results. And the more buyers that become members, the more
all parties to the transaction save in time and costs.”

About TradeCard

TradeCard is a financial supply chain service provider. TradeCard’s secure
transaction infrastructure greatly reduces the inefficiencies and uncertainties
found in traditional domestic and cross-border trade transaction processes. By
streamlining and enhancing the steps necessary for purchase order approvals,
payment decisions and settlement, TradeCard provides a cost-effective,
practical and patented service for financial supply chain management.
TradeCard, Inc. is headquartered in New York City with offices in San
Francisco, Seattle, Chicago, Hong Kong, Taipei, Seoul, Tokyo and London.
TradeCard can be found on the World Wide Web at
http://www.tradecard.com

About Sappi

Sappi leads the fast growing coated woodfree paper market. Coated woodfree
paper is used in high quality publications such as annual reports, catalogues,
brochures and magazines. It has a 15% share of the world market and has leading
market shares in North America, Europe and Africa, selling nearly a quarter of
the coated woodfree paper in the western world. A high level of pulp
integration protects Sappi from pulp price volatility. It sells almost as much
pulp as it buys and in particular is the largest, (15% world market share)
lowest-cost producer of dissolving pulp used typically in the manufacture of
viscose textiles.
Sappi has manufacturing operations on three continents, in eight countries and
customers in more than 100 countries. Sappi can be found on the World Wide Web
at
http://www.sappi.com.

Details

Global & Planet Payment

Global Payments Inc., a leading provider of electronic processing services, announced a marketing referral agreement with Planet Payment to offer real-time, multi-currency Internet payment processing services to Global customers. Global merchants can now enjoy the benefits of multi-currency processing through a comprehensive product offering that includes a Planet Payment multi- currency account, advanced payment gateway technology and value-added products and services.

Global merchants will have the ability to accept international credit card payments in over 100 currencies and still settle in their choice of major settlement currencies including: US Dollar, Australian Dollar, Canadian Dollar, Euro, or Hong Kong Dollar, providing a complete, end-to-end multi- currency processing solution for all international payment services.

“Our agreement with Global Payments allows their merchants to be able to offer products and services in any country, display pricing in the local currency, yet be funded in their home currency without the risk of exchange rate fluctuations. Global’s merchants will also be well positioned to take advantage of Europe’s formal conversion to the new Euro currency,” said Philip Beck, chief executive officer, Planet Payment.

“Global Payments’ strategic partnership with Planet Payment represents our commitment to bringing our customers innovative solutions to help them maintain a competitive edge,” said Chief Information Officer, Barry Lawson, Global Payments Inc. “This partnership allows our customers to take advantage of the strengths of both companies thereby gaining the ability to compete more effectively in a global economy,” he added.

Planet Payment is a global leader in providing multi-currency payment solutions to merchants worldwide. Planet Payment’s affordable e-commerce solution enables Internet merchants to securely accept Visa(R) and MasterCard(R) and other major debit and credit cards in a secure, real time environment, and in over 130 currencies. The Planet Payment Gateway, powered by Authorize.Net(TM), is compatible with over 100 of the leading shopping cart technologies. Planet Payment can be contacted on the web at .

Global Payments Inc. is a leading provider of electronic transaction processing services to merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, and the United Kingdom. Global Payments offers a comprehensive line of payment solutions, including credit and debit cards, business-to-business purchasing cards, gift cards, check guarantee, check verification and recovery, terminal management and funds transfer services.

Details

BIZ CARD PLATFORM

Citibank e-Business, a unit of
Citigroup, the premier global financial services company announced the launch
of their European Commercial Cards procurement platform.
This global platform, now being launched in Europe, supports Travel & Expense
and Purchasing Cards, while offering companies electronic procurement,
information delivery, reporting and card management solutions, as well as
traditional corporate payment solutions. The platform provides corporations
with the ability to issue multiple currency card solutions that aid companies
in their compliance with local governmental regulations, and provides local
language support and customer service.

This global platform provides an embedded electronic commerce service, thereby
enabling companies to transact electronically with their vendors. These
enhanced solutions and capabilities are designed to assist companies in
launching their e-commerce and electronic payment services with leading
enterprise resource planning (ERP) and business-to-business technology vendors.
“We selected Citibank as our global partner in providing corporate T&E cards to
our 20,000 Ford Corporate Cardholders,” said Bud Moore, European Accounting
Executive, Ford Corporation. “Leveraging Citibank’s global infrastructure and
experience will provide Ford the corporate payment tool we require to feed our
Global Expense Management program we are launching in consort with the Citibank
Corporate Card.”

“Our customers will benefit from lower expenses, increased control and improved
reporting information,” said Boog Davidovac, Vice President, Citibank
e-Business. “Citibank recognizes that companies must streamline their processes
and reengineer their procurement systems in order to compete in today’s
business environment. This is another way we are positioning ourselves to be
the financial services engine powering business to business transactions.”

Citigroup

Citigroup (NYSE: C), the most global financial services company, provides some
120 million consumers, corporations, governments and institutions in more than
100 countries with a broad range of financial products and services including
consumer banking and credit, corporate and investment banking, insurance,
securities brokerage and asset management. Major brand names under Citigroup’s
trademark red umbrella are Citibank, CitiFinancial, Primerica, Salomon Smith
Barney and Travelers. Additional information can be found at
www.citigroup.com.

Citibank e-Business

Citibank e-Business provides e-solutions that empower corporations and
financial institutions globally to connect to the Web, transform their business
using Internet-related technologies and extend their reach to new markets. Our
e-solutions support our customers as they integrate their Internet-based
exchanges, software solutions, logistics, and financial services with existing,
end-to-end, liquidity management, investment, cash management and trade finance
processes. Additional information may be found at:
www.e-business.citibank.com.

Details