MERCHANT PROCESSING

Global Payments Inc. announced
today that it has closed the transaction with National Bank of Canada
announced on June 27, 2001. Global has acquired the merchant services
business of National Bank of Canada and has formed a ten-year marketing
alliance to offer MasterCard credit and debit card payment products and
services to National Bank’s customers. This transaction makes Global Payments
the largest publicly-traded, independent MasterCard and Visa acquirer in
Canada and will give Global Payments the capability to provide Canadian
businesses one source for all of their Visa, MasterCard, debit and other
payment processing requirements.

The combined operations of Global and National Bank’s Canadian business
include processing 2.7 billion transactions annually from approximately
1,000,000 merchant locations in North America.

“Canadian merchants now have enhanced convenience and simplicity for all
of their credit and debit processing needs through Global Payments new
expanded services,” said Global Payments’ President and CEO, Paul R. Garcia.
“This transaction also marks another key milestone in our Canadian growth
strategy targeted towards improving products and services resulting in
enhanced revenue and earnings growth opportunities.”

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.
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

TeleCheck Signs Borders

TeleCheck Services, Inc., the world’s leading check acceptance company and a subsidiary of e-commerce and payments leader First Data Corp., announced that it is now providing its Check Guarantee service to Borders Group, Inc., operators of more than 350 Borders Books and Music superstores and over 850 Waldenbooks locations nationwide.

“Outsourcing the check acceptance process — from authorization to collections — to TeleCheck allows Borders Group employees to spend more time taking care of customers,” said Randy Rutledge, chief marketing officer, TeleCheck Services, Inc. “TeleCheck’s Guarantee service makes it safer and easier for merchants to accept checks by eliminating risk and streamlining operations.”

TeleCheck helps its customers reduce the risk of accepting checks by providing access to the industry’s largest and most accurately maintained databases and risk management systems. Through the use of sophisticated risk scoring models, that utilize proprietary neural net and scorecard technologies, TeleCheck can predict with unmatched accuracy the probability of a check being good.

“The TeleCheck Guarantee service allows Borders and Waldenbooks stores to increase efficiency by making the check authorization process faster at the point of sale, and by reducing the amount of time and money spent on check fraud and collecting returned checks,” said Gregg Bodnar, vice president of finance for Borders Group. “With TeleCheck, merchants can accept checks and build business by offering a secure check acceptance policy.”

“More national retailers like Borders Group are beginning to realize the advantages of completely outsourcing the check acceptance process,” said Rutledge. “TeleCheck takes responsibility for returned checks, allowing the merchant to fully concentrate on customer service and increasing sales.”

About TeleCheck Services, Inc.

TeleCheck Services, Inc., a subsidiary of Denver-based First Data Corp., is the world’s leading provider of paper and electronic check services, helping more than 272,000 retail, financial institution, grocery and other industry clients to increase their profitability, reduce risk and streamline operations. TeleCheck’s check acceptance and electronic check commerce solutions help businesses safely and efficiently accept payment at the point of sale, by telephone, over the Internet, and through timed or recurring ACH payments. TeleCheck services are offered through a sales and service network in more than 90 cities in the United States and in Canada, Puerto Rico, Australia and New Zealand. In 2000, TeleCheck authorized more than $163 billion in checks, representing nearly 3.2 billion transactions. For more information about TeleCheck, visit the Internet site at .

About Borders Group, Inc.

Borders Group, Inc. (NYSE: BGP), is a FORTUNE 500 company that trades on the New York Stock Exchange under the symbol BGP. We are a leading global retailer of books, music, movies and other related items. Headquartered in Ann Arbor, Michigan, through its affiliates, Borders Group operates 350 Borders Books and Music stores in the U.S., as well as 17 International Borders stores, 850 Waldenbooks locations and 32 U.K.-based Books etc. stores. Borders Group employs more than 30,000 people worldwide and last year posted revenues of $3.3 billion.

About First Data Corp.

First Data Corp., with global headquarters in Denver, powers the global economy. Serving approximately 2.6 million merchant locations, more than 1,400 card issuers and millions of consumers, First Data makes it easier, faster and more secure for people and businesses to buy goods and services, using virtually any form of payment: credit, debit, smart card, stored-value card or check at the point-of-sale, over the Internet or by money transfer. For more information, please visit the company’s Web site at .

Details

Greenland Signs B.E.S.T.

Greenland Corporation announced that B.E.S.T., Inc., a leading national check cashing point-of-sale systems and services provider has agreed to be the first third-party check cashing software company to develop an interface to Check Central Solutions, Greenland’s recently released automated check cashing transactions processing system.

T.A. “Kip” Hyde, Jr., President and CEO of Greenland stated, “Independent check cashing businesses have asked for a stand-alone, turnkey solution that can be easily installed into their stores. B.E.S.T., Inc. has sold and installed over 4,000 POS systems to check cashing services providers across the country and worldwide. Establishing this first reseller and software development relationship with B.E.S.T. represents the completion of another major milestone in Greenland’s ability and plan to satisfy this market demand.”

The Check Central Solutions product is designed so that financial services providers of any size, from one store to hundreds, can integrate Greenland’s MAXcash(TM) Automated Banking Machine(TM) (ABM(TM)) kiosk seamlessly into their current operations. The back-office check approval system can be used locally in each store, or, large check cashing operators can install a network solution connected to a central processing center, with either product type linked to the B.E.S.T. POS system and the operator’s proprietary customer database.

“B.E.S.T. is a well recognized technology and market leader, and its customers stand to benefit enormously from this strategic alliance. With a turnkey single store package, including an ABM and PC-based teller system that they control, now available as a low-cost entry into the market, store operators can generate new sales and peak-customer-load management savings virtually immediately, while remaining competitive to emerging off-site providers,” continued Hyde.

Masis Sarkisian, President of B.E.S.T., Inc. added, “The direction in self-service check cashing that Greenland is presenting to the industry fits squarely with our business objectives of providing the very best in products and services to our thousands of customers. Combined with the technologies that B.E.S.T. has recently developed and released in card-based payment processing and wire transfer services, this relationship represents an unsurpassed transactions revenue opportunity for our financial services customers.”

Mr. Sarkisian added, “Our review of Greenland’s Check Central Solutions system and MAXcash ABM kiosks, indicated that they represent an excellent value and new revenue opportunity for our customers. We look forward to providing several new fully integrated self-service software and systems products and services for our customers in this turnkey environment.”

Hyde concluded, “We are very pleased to form this initial strategic technology and business relationship with B.E.S.T. to become the premier self-service solutions provider to B.E.S.T.’s large established customer base. The related revenue potential makes this an outstanding opportunity for our shareholders to realize significant long-term value from the Check Central technologies. The future for the check cashing industry is here, and we are pleased to work with the B.E.S.T. team to provide the ‘best’ solutions.”

About Greenland Corporation

Greenland Corporation is a holding company whose wholly owned subsidiary, Check Central, is the developer and manufacturer of the MAXcash(TM) Automated Banking Machine(TM) (ABM(TM)) and related Check Central Solutions(TM) transaction processing systems software designed to provide self-service check cashing, ATM functionality, phone card and money order dispensing, as well as the capability for additional future products and services. The Company’s common stock trades on the OTC Bulletin Board under the symbol “GLCP.” Visit Greenland Corporation on the Internet at .

About B.E.S.T., Inc.

With over 4,000 clients worldwide, B.E.S.T. is a leading national check cashing solutions provider, providing PC-based software systems to the financial services industry since 1982. As an essential services provider, B.E.S.T. is well recognized in the check cashing industry for introducing new payment technologies, and developing innovative financial services solutions. B.E.S.T. is a privately held, Chicago, Illinois-based company.

Details

Cardtronics Acquisition

Houston-based Cardtronics has completed its acquisition of McLane Financial Services Plus, a subsidiary of McLane Company, a TX-based food distributor. Under terms of the deal, Cardtronics will take ownership of approximately 1,100 installed ATM machines and manage the contracts of the existing customer base. Customers of McLane FSP include several major petroleum retail outlets. Cardtronics now operates a network of more than 6,400 ATMs nationwide, handling approximately 91,000 transactions daily. Over the next six months the McLane FSP name will transition to Cardtronics. Operations will continue out of the current headquarters in Temple, Texas with ten McLane employees joining Cardtronics.

Details

CUs Sign with InteliData

InteliData Technologies Corporation announced that Central Corporate Credit Union, Empire Corporate Federal Credit Union, Southwest Corporate Federal Credit Union, and SunCorp Corporate Credit Union have launched their respective Electronic Bill Payment service utilizing InteliData’s Interpose Payment Warehouse System.

The four corporate credit unions joined forces over a year ago to offer a premier suite of e-commerce products to their member credit unions. They provide services to approximately 3,000 consumer credit unions.

InteliData serves as an Application Service Provider (ASP) of electronic bill payment technologies to the four corporate credit unions providing warehousing, routing and processing of consumer payments. This flexible solution facilitates rapid implementation of the corporate credit unions’ many member credit unions.

“InteliData recognizes the close relationships that credit unions maintain with their members. We can help enhance these relationships with our user-friendly bill payment solutions,” said Al Dominick, President and CEO of InteliData. “Our pioneering advancements in the Electronic Bill Payment and Presentment marketplace allow us to provide the most advanced bill payment and presentment products to credit unions and other financial institutions.”

About InteliData

With a client list that includes 21 of the top 50 banks, InteliData offers Spectrum certified EBPP products to banks, credit unions and financial institution processors. InteliData also provides the most advanced, complete end-to-end EBPP solutions that power financial institution’s Internet banking, payment and presentment and online credit and bankcard transactions. Headquartered in Reston, Virginia, USA, InteliData is publicly traded (Nasdaq: INTD) and its business partners include Spectrum EBP, ALLTEL and other industry leaders. For more information, visit the company’s web site at .

Details

SVPCo Investors & Clients

National City Bank Corporation, one of the nation’s largest banks, has become the newest board member and owner bank of SVPCo, an industry leader in the electronic processing of checks. National City Bank Corporation, the nation’s 11th largest bank, will join 19 other major banks to take an ownership stake in SVPCo.

“The addition of National City to our ownership will bring benefits to current owners and National City,” said Hank Farrar, President of SVPCo. “This gives the ECP process and even greater penetration in the Midwest section of the country.”

SVPCo operates a standardized, national Electronic Check Presentment (ECP) network, comprised of regional check clearing and settlement centers. Every time another bank joins the network the number of possible transactions expands exponentially. In fact, the volume of checks exchanged electronically has grown more than 600% since SVPCo’s inception in 1998.

“With every participant, the benefit grows exponentially and we move closer to a safer, faster and more efficient network for the electronic processing of checks,” said Mr. Farrar.

“We are pleased to become an owner of SVPCo and to accept this challenge for our industry,” said Mike Barger, Senior Vice President, National City Bank.

SVPCo offers a variety of products and services including Electronic Clearing Services (ECS). The goal is to convert the current system of check collection and settlement, which moves paper checks around the country, to a safer, faster, and more efficient electronic system that sends electronic data and images of the check instead. ECS service is the market leader in Electronic Check Presentment (ECP). It currently provides service to 56 bank sites nationwide. SVPCo also includes SafeCheck, whose goal is to transform any paper check into a single-use debit card and the Electronic Payments Network, the nation’s largest, private sector ACH operator.

National City Corporation is a financial holding company that provides a full range of banking and financial services to individuals and businesses, including commercial and retail banking, consumer finance, asset management, mortgage financing and servicing and item processing. Operations are primarily conducted through more than 1,200 banking offices in Ohio, Pennsylvania, Indiana, Kentucky, Illinois and Michigan, and over 350 mortgage offices located throughout the United States. Headquartered in Cleveland, Ohio, National City now has assets approaching $94 billion.

Twenty of the largest banks in the United States are owners of SVPCo. The banks represent over $2.177 trillion in deposits or 56 percent of U.S. commercial bank deposits as of March 2001.

SVPCo owner banks are: ABN AMRO, Bank of America, N.A., The Bank of New York, Bank One, N.A., Deutsche Bank, BB&T, Citibank, N.A., Comerica, First Union, FleetBoston, HSBC Bank, J.P. Morgan Chase, KeyBank, Mellon Bank, National City Bank, PNC Bank, SunTrust, U.S. Bancorp, Union Bank of California, Wachovia, and Wells Fargo.

Three Major Banks Join SVPCo for Electronic Check Processing

Three major banks will soon be switching

over to the electronic collection, settlement and verification of checks. Central Carolina Bank of North Carolina, First Tennessee National Corporation of Memphis, Tennessee, and Sterling Bancorp of New York, are joining the network of bank customers of Electronic Check Services (ECS) which is owned by the Small Value Payments Company (SVPCo).

ECS’s sole purpose is to convert the current system of check collection and settlement, which moves paper checks around the country, to a safer, faster, and more efficient electronic system that sends electronic data and images of checks instead. The process works in real-time so checks are presented for collection and settlement, electronically, throughout the business day. ECS began operations in 1998 with 12 bank sites and has expanded to more than 60 sites, representing about 60 percent of U.S. commercial bank deposits, active in ECP.

“The addition of these three major banks to our customer base will bring benefits to the whole industry and its customers,” said Jeff Neubert, Chief Executive Officer of SVPCo.

“SVPCo is supporting a standardized, national electronic check presentment network, comprised of regional check clearing and settlement centers. Every time a bank joins the network the number of possible settlement transactions expands exponentially. In fact, as volume doubles benefits increase approximately sixfold,” said Hank Farrar, President and Chief Operating Officer of SVPCo.

Check clearing is undergoing revolutionary changes with a more widespread use of technology such as image processing and electronic check presentment (ECP). ECS and its participating banks believe the use of these technologies will eventually become the standard process for check clearing. The system has seen a 600 percent growth in volume during the past three years. ECS operates an electronic, standardized; national, and multi-lateral check exchange. It doesn’t reduce the number of checks – ECS just makes processing them more efficient, less expensive, and less risky for participating banks and their customers.

“Central Carolina looks forward to the benefits the ECS system,” said David Wagoner, a Senior Vice President at Central Carolina Bank. “Having a clear set of standards for ECP increases efficiency and each new participating bank lowers the costs for all others in the system.”

“We wanted to join the move to ECP early, and the ECS service is clearly the market leader,” said Jim Blasingame, Executive Vice President and Manager of Bank Operations at First Tennessee Bank. The service is up and running and the advantages of a single connection point to all participants and one system for exchanging information was very compelling.”

“The benefits from the electronic check exchange are obvious,” said Louis J. Cappelli, Chairman and Chief Executive Officer of Sterling Bancorp. “The system is safer, faster and more efficient than the paper check collection and settlement system we were using. We also liked the standardized agreements and the single rule set provided by ECS, along with the standard pricing and formats.”

Sterling Bancorp (NYSE: STL) is a financial holding company with assets of $1.3 billion, offering a full range of banking and financial services products. Its principal banking subsidiary is Sterling National Bank, founded in 1929. Sterling provides a wide range of products and services, including commercial lending, asset-based financing, factoring/accounts receivable management, international trade financing, commercial and residential mortgage lending, equipment leasing, trust and estate administration and investment management services. Sterling has operations in the metropolitan New York area, Virginia and other mid-Atlantic states and conducts business throughout the U.S. More information is available on the company’s Website, .

Central Carolina Bank (CCB) became a wholly owned subsidiary of National Commerce Financial Corporation (NCFC) of Memphis, Tennessee, in July 2000. CCB serves 87 communities located primarily in the Piedmont Crescent region of the Carolinas.

First Tennessee Bank National Association is a principal subsidiary of the First Tennessee National Corporation. Based in Memphis, Tennessee, First Tennessee is one the 50 largest banks in the United States.

SVPCo also provides U.S. banks with the ability to work closely together to form an operating company that capitalizes on changing markets and delivers new products and services that support their common interest in the payment system. SVPCo is part of the family of payment and settlement services made available by the New York Clearing House (NYCH), the market leader in private sector electronic payments. For more information on SVPCo visit their website at: .

The Clearing House is the nation’s oldest and most innovative bank association and payments processor, and is backed by some of the nation’s largest banks. Established in 1853 to simplify the exchange of checks and improve the efficiency of the payments system, the Clearing House now processes more than $1.3 trillion in electronic payments worldwide. In addition to the services offered by SVPCo, it operates the Electronic Payments Network (EPN), and CHIPS (Clearing House Interbank Payments System). The Clearing House also runs a well-respected association that serves as a forum for its members to promote common interests in the financial services industry. For more information please contact Chip Savidge (NYCH) @ 201-319-5478 [Chip.Savidge@NYCH.org].

Details

Opportunity Suite

HNC Software announced they launched new software which employs advanced analytics and predictive segmentation to optimize customer cross-sell offers, pricing, prospecting, and retention. ‘Opportunity Suite’ combines mission-critical business decisioning with advanced science in an open, next-generation architecture. The first solution and a core component within the ‘Opportunity Suite’ is ‘Cross-Sell Optimizer’, which empowers companies to target the right customer with the right action, through the right channel, at the right time. The ‘Optimizer’ solution is already in production with multiple customers, representing some of the world’s largest bank card issuers, who use the solution to optimize cross-sell offerings to over 120 million customers and increase marketing campaign revenue from 40% to 90%. HNC also announced yesterday an agreement with PROS Revenue Management Inc. to develop software for analyzing airline industry data to accurately detect critical security risks in real time.

Details

NPC Signs Fandango

National Processing Company, a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc., announced the signing of a multi-year credit card processing agreement with Fandango, Inc., the fastest-growing movie-ticketing company in the United States. Under the terms of the agreement, Fandango will use NPC’s VirtualPay product for authorization and settlement of Visa and MasterCard transactions. NPC’s VirtualPay is a state-of-the-art electronic payment service that combines the latest in security features with the convenience of on-line payment capabilities.

Headquartered in Santa Monica, California, Fandango provides advance tickets, showtimes and more for consumers to view and purchase on the Internet and by phone. Fandango’s partners include seven of the nation’s largest movie exhibitors: Carmike Cinemas(R), Century Theatres(R), Cinemark Theatres(R), Edwards Theatres(R), General Cinemas(R), Loews Cineplex Entertainment(R) and Regal Cinemas(R). Together, these exhibitors represent more than 14,000 movie screens — more than 40 percent of the U.S. theater market. Utilizing the latest in technology, Fandango is changing the way America goes to the movies through Print-at-Home tickets, express theatre and concession lines and more.

“Through technology and foresight Fandango has captured a tremendous opportunity to change the way consumers ‘shop’ for entertainment,” said Drew Soinski, senior vice president of Travel & Entertainment for NPC. “We are delighted to be providing the on-line electronic payment link that is so vital for this service. Our Virtual Pay product provides any retailer the capabilities to offer secure on-line sales and expand their on-line capabilities while minimizing risk.”

“When selecting a processor, we wanted to find the best in the industry to provide Fandango’s moviegoers with unsurpassed service,” said Art Levitt, president and chief executive officer of Fandango, Inc. “Working with NPC, Fandango will be able to provide added levels of convenience and assurance to our users, who want processing that’s not just secure, but fast and simple.”

About Fandango

Fandango is a market leader in remote ticketing for consumers planning a trip to the movies. Its convenient service lets moviegoers quickly select a film, plan where and when to see it, and representing more than 14,000 movie screens including Century Theatres, Carmike Theatres, Cinemark Theatres, Edwards Theatres, General Cinema Theatres, Loews Cineplex Entertainment and Regal Cinemas. The company’s investors include Accretive Technology Partners and General Atlantic Partners, LLC.

About National Processing, Inc.

National Processing, Inc. through its wholly owned operating subsidiary, National Processing Company (NPC(R)) is a leading provider of merchant credit card processing. National Processing is 86 percent owned by National City Corporation (NYSE: NCC) ( ), a Cleveland based $94 billion financial holding company. NPC supports over 600,000 merchant locations, representing nearly one out of every five Visa(R) and MasterCard(R) transactions processed nationally. NPC’s card processing solutions offer superior levels of service and performance and assist merchants in lowering their total cost of card acceptance through our world-class people, technology and service. Additional information regarding National Processing can be obtained at .

Details

LASERCASH ATMS

Threshold Electronics Limited andAutoBranch Technologies Inc. announced that Dynamic Branding ATM
services are being added to selected Threshold locations with the “LaserCash”
brand. Starting today, whenever cardholders from participating financial
institutions use an ATM at one of the new locations, the shared ATM will look
and act just like a proprietary ATM from their own institution.

In addition to the convenience of more services at more locations,
consumers can also save up to $3.50 per cash withdrawal: Cardholders don’t
pay any surcharges or foreign ATM fees if they bank with an institution that
participates in the AutoBranch network.

Up to 100 LaserCash locations with Wincor-Nixdorf ATMs could potentially
participate in the program, providing small to mid-size financial institutions
with a larger ATM network than they could afford using traditional proprietary
ATMs. Threshold is providing the switching, monitoring and management
services. The first locations went live in Toronto, Ontario earlier this
week.

Threshold becomes the second Canadian transaction switching service to
certify Dynamic Branding ATMs on the AutoBranch network. The integration and
certification of the advanced web-enabled ATM technology was accelerated
because both Threshold and AutoBranch use the open Postilion transaction
services platform from Mosaic Software.

“AutoBranch has been very successful in driving cardholders to
participating ATM locations,” said Matthew McIver, president of Threshold.
“This is an excellent opportunity for us to sustain and grow transaction
volumes. We also know retailers are interested in the advanced kiosk and
advertising capabilities included in the AutoBranch solution, and so it
differentiates us from traditional ISOs.”

“Financial institutions love to offer cardholders more services and
greater convenience, especially when they can actually reduce ATM capital and
operating costs,” said John Sinton, president and CEO of AutoBranch. “Our
current and prospective customers are looking forward to a continued expansion
of the AutoBranch network, and they are very pleased to see quality leaders
like LaserCash adding ATMs and Threshold providing switching.”

About Threshold Electronics Limited

Threshold Electronics Limited, based in Toronto, Ontario is a high-end
provider of turnkey ATM solutions and transaction switching services, with
over 500 ATMs placed throughout Canada. As well as its private label network
branded Laser Cash, Threshold delivers innovative ATM outsourcing and
state-of-the-art switching solutions to credit unions and financial
institutions, such as All Trans Credit Union, Sun Life Financial Trust and
Amex Bank of Canada. Laser Cash is a trademark of Threshold Electronics
Limited.

For additional information, please visit our corporate website at
http://www.lasercash.com, or contact us by telephone at +1-905-678-7373 or by e-mail
at sales@lasercash.com.

About AutoBranch

Based in Toronto, Ontario, AutoBranch Technologies Inc. creates financial
transaction services technology, and operates a financial transaction network
for ATMs that offers dramatically increased capability and reduced costs.
Patent-pending Dynamic Branding(TM) allows every participating financial
institution to deliver completely customized services through a secure,
global, shared network of web-enabled ATMs. AutoBranch and Dynamic Branding
are trademarks of AutoBranch Technologies Inc.

For additional information, please visit our corporate website
http://www.autobranch.com, e-mail us at info@autobranch.com, or contact us at
+1-905-361-5140.

Details

Europay Mid-Year

European consumers now carry 283.2 million Europay-branded cards as of mid-year, an increase of 34 million cards from last year, according to this week’s The RAM Report ([www.ramreport.com][1]). The number of Eurocard-MasterCard credit/charge cards rose 14% to reach 73 million. On the debit side, cards bearing Maestro, eurocheque and/or Cirrus brands kept their market lead with 210.1 million cards, a 14% increase. Nearly 194 million of these cards are Maestro branded. Europay’s acceptance networks broke the 300,000 barrier with the number of ATMs increasing by 21% to almost 305,500. The number of POS terminals accepting Maestro jumped 17% to reach over 2.7 million, while close to 5 million merchants now accept Eurocard-MasterCard cards, a 12% increase. The number of transactions generated by cards bearing Europay brands grew by 15% in comparison with last year, to reach 12 billion. Associated volume increased by 13% and passed the ‘1 trillion mark.

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

Details

ENELPUNTO PAY-SAFE-NOW

Freestar Technologies and EnelPunto.net announced the launch of
Freestar’ PaySafeNow on the EnelPunto Payment Gateway and established
Freestar’s Enhanced Transaction Secure System as the standard
e-commerce payment technology for EnelPunto’s online merchants.

“FreeStar’s PaySafeNow(C) protects the consumer while the ETSS
infrastructure delivers instant fund clearance for ATM card use and eliminates
the traditional risks of credit and debit cards,” commented Paul Egan,
President and CEO of Freestar Technologies, Inc.

“As the dominant e-business portal and payment gateway in the Caribbean,
accessing the extensive international Dominican communities of the US, Europe
and Latin America; EnelPunto needs to process ATM, Debit and Credit card
payments with the assurance of complete security for both merchant and
consumer,” said Raul Sanchez, General Manager for Enelpunto.net . “Superior
security and fraud elimination constitute compelling advantages unmatched by
other products. These products empower Enelpunto merchants with the business
tools necessary to support the expansion of electronic commerce. EnelPunto
believes the PaySafeNow and ETSS systems are fundamental to the success of our
online merchant services, which already include 50 clients. Marketing Project
999 by EnelPunto includes the PaySafeNow software and card device with an IBM
Aptiva PC to link merchants and consumers to the Enelpunto portal.”

The Pay Safe Now System with ETSS is endorsed and certified by Banco
Nacional de Credito, a division of the National Financial Group (GFN), a
principal financial institution in the Caribbean and Latin American region.

About the Products

ETSS enables hardware devices to authenticate “card-present” transactions
and its powerful encryption protocols support and ensure the security of
credit, debit and ATM (with PIN) transactions.

PaySafeNow(C) PIN Validation and online bank authorization eliminate both
fraud and charge-back risks to the merchant inherent in previous online and
traditional sales.

Throughout each transaction, the customer has complete comfort in the
knowledge that their account data is neither seen nor stored by the merchant.

About Enelpunto

Enelpunto provides a secure and flexible e-commerce platform for
enterprises in Latin America in addition to being a leading online destination
in the Caribbean. The company offers a complete solution for B2C e-commerce,
consumer money transfer and online payment services. Enelpunto is a
subsidiary of GFN Corporation, a holding company which, through its
subsidiaries, provides insurance, reinsurance, banking, real state,
telecommunications and related services in several countries. Other GFN
Corporation subsidiaries and affiliates include Banco Nacional de Credito
(Bancredito), Compania Nacional de Seguros, Tricom, Bancredicard, Editora AA
and the San Isidro Free Trade Zone. For more information online, visit
http://www.enel.net

About Freestar Technologies, Inc.

Freestar Technologies, Inc.’s Enhanced Transactional Secure Software
(“ETSS”) is a proprietary software package that enables consumers to
consummate secure e-commerce transactions over the Internet using credit,
debit, ATM (with PIN) or smart cards. The ETSS system integrates a
consumer-side card-swipe terminal with a back-end host-processing center. It
encrypts sensitive financial data at the consumer’s personal computer, using
powerful DES encryption and algorithms. It sends an authorization number to
the e-commerce merchant, rather than the consumer’s credit card information,
to provide a maximum level of security. The Company plans to link several
large, established smart card systems together on an ETSS-based standard to
achieve economies of scale and further market penetration for this secure
e-commerce payment system. For more information visit the Web site of the
Company’s ePayLatina Division at http://www.epaylatina.com.

Details

On Target

In less than four weeks the most significant launch of ‘smart VISA’ cards in the USA will get underway. Target said yesterday it will start taking applications November 1st for the new ‘Target VISA’ to be issued by Retailers National Bank, an affiliate of Target. The launch is significant in both the potential number of smart cards to be issued and the number of EMV-compliant smart card terminals to be deployed. Target announced in June it will deploy smart card POS terminals in all 990 Target Stores by the spring of 2002. Target currently has 36.4 million retail credit cards and plans to convert millions of these accounts to ‘smart VISA’ cards. Target also expects to expand the functionality of its current rewards program offered under the ‘Target Guest Card’ program with the new smart card. The company currently operates 1,320 stores in 46 states including 990 Target stores, 266 Mervyn’s stores and 64 Marshall Field’s stores. Gemplus will provide smart cards and in-home readers for the Target ‘smart VISA’ program. VISA says it expects the Target program will contribute significant growth to the number of ‘smart VISA’ cards issued in the USA. VISA projects there will be about seven million ‘smart VISA’ cards-in-force by year’s end among all its current issuers. Providian, the biggest cheerleader of the ‘smart VISA’ card, broke through the one million card level in June, and intends to migrate nearly all its 17 million accounts to smart cards. Combined, Fleet and First USA have issued less than one million ‘smart VISA’ cards to-date. (CF Library 9/9/99;4/26/01;6/20/01;6/29/01; 8/16/01)

Details