PDA BANKING

Blueice Research, Compaq, Infovention and Intel have jointly created the
world’s first complete solution for mobile bank services. The solution that
goes under the name, “Bank in your hand” is secure, user friendly and fast.
No one else on the market can offer a similar total solution proving how
simple it can be to conduct secure wireless payments and transfers using a
handheld computer.

“With ‘Bank In Your Hand’ we want to show that there is a solution on
the market today that really makes it possible for banks to be available
wherever, whenever,” said Anna Hane, CEO at Blueice Research.
“Bank in your Hand” enables mobile services that require a high level
of security, thus primarily within the banking and finance sectors. Leading
vendors from their respective areas are contributing with products,
technical know-how, experience and knowledge. Blueice Research contributes
with its security product Multipass, combining high security and user
friendliness and offering the service provider independence from network
operators and other third parties. It is also compatible with the most
popular certificate authorities. Infovention has, with their vast
experience within the financial applications sector, created an intuitive
and functional bank application. Compaq contributes with their latest
handheld computer, the Compaq iPAQ Pocket PC, that comes equipped with a
W/LAN- and GPRS module and Intel’s StrongARM processor. The capabilities
provided by Intel Personal Internet Client Architecture (PCA) greatly
expand the opportunities for creating high-performance mobile Internet
products and services, both now and in the future.

“Blueice Research and Infovention have made the best mobile banking
service on the market. They are at the forefront of secure digital
transactions and realize the importance of combining security and
user-friendliness. Our joint ‘Bank in your hand’ project that will be
demonstrated at Networks Telecom shows the huge possibilities and areas of
usage there are for a Compaq iPAQ Pocket PC,” said Rikard Kindlund, Senior
Product Manager, Handhelds & Wireless, with Compaq.
“As a leader in Internet and wireless technologies, Intel is
committed to enable the evolution of mobile business solutions, based on
the next generation mobile client architecture, Intel PCA. This solution
emphasizes the need for powerful and scalable devices in order to conduct
secure end-to-end mobile banking transactions over a wireless media,” said
Ms. Michelle Pineda, M-commerce Business Development Manager at Intel
Wireless Competence Center (IWCC).

“It is very exciting to be able to present this complete solution.
Banks as well as other companies that have a need for secure communication
with their customers now can deploy this solution which is both cost
effective and user-friendly,” said Claes Puebla Smith, Director of Wireless
Solutions at Infovention.

“Bank in your hand” will be demonstrated at the Intel and Compaq
booths respectively at the Networks Telecom trade show in Alvso, Stockholm,
September 24-26.

About Blueice Research (blueiceresearch.com)
Founded in February 2000, Blueice Research develops security
solutions for all types of situations demanding digital identification,
signatures and receipts. The financial sector is currently the primary
target for these solutions. Blueice Research’s flagship product, the
Multipass, allows users of mobile phones and handheld computers to very
easily conduct secure transactions on the digital marketplace. The
Multipass is used to confirm the identity of the user and to create digital
signatures that cannot be later repudiated by any of the involved parties.
The Multipass runs on the most common operating systems that are used on
handheld computers today.

About Compaq

Founded in 1982, Compaq Computer Corporation (“Compaq”) is a leading
global provider of enterprise technology and solutions. Compaq designs,
develops, manufactures and markets hardware, software, solutions and
services, including industry-leading enterprise storage and computing
solutions, fault-tolerant business-critical solutions, communication
products, and desktop and portable personal computers that are sold in more
than 200 countries. Information on Compaq and its products and services is
available at .

About Infovention

Infovention is a Swedish IT consultant company that was started in
1997. The company works with all parts of the solution process, including
strategy development, process and organisational change activities, system
development, implementation and roll out. Infovention has a very strong
competence in managing larger projects on a fixed price basis, where also
advanced integration of underlying systems is critical. Important projects
are the development of Internet banks for Swedish Foreningssparbanken,
Norwegian SpareBank 1 Group and Firstviewbank in Denmark. Infovention is a
part of EDB Fellesdata AS, a leading IT systems and services supplier
within the financial services sector in Scandinavia.

About Intel

For more than three decades, Intel Corporation has developed
technology enabling the computer and Internet revolution that has changed
the world. Founded in 1968 to build semiconductor memory products, Intel
introduced the world’s first microprocessor in 1971. Today, Intel supplies
chips, boards, systems, software, networking and communications equipment,
and services that comprise the “ingredients” of computer architecture and
the Internet.

Intel’s mission is to be the preeminent building block supplier to
the worldwide Internet economy.

Details

Elan Signs Cal Fed

Cal Fed, the second-largest bank headquartered in California, has partnered with Elan Financial Services to expand the products and services that it offers to small business and middle market commercial customers.

Cal Fed’s commercial credit card suite of products now includes business credit cards, business credit cards with an airline mileage program, corporate cards, and purchasing cards.

“This new product line makes us extremely competitive in the marketplace,” said Kenneth Coopman, executive vice president and director of Cal Fed’s commercial banking division, “and we’re happy to be teaming with Elan to bring these products to business customers. Elan is very well respected in the banking industry.”

Business cards, offered to small business owners, work much like a consumer credit card, enabling the business owner to pay for purchases and travel expenses with a single card. Corporate cards, also known as T&E cards, are used by large- and mid-sized businesses to pay for and report on travel expenses. Purchasing cards are similar, but are used for non-travel expenses such as supplies and materials.

“Cal Fed clients will find the cards to be an excellent source of information that will enable them to control expenses, identify frequently used vendors and negotiate better pricing with them,” said Dan Roads, first vice president of Elan Financial Services.

For more information, Cal Fed customers can call Cal Fed toll-free at 1-800-CALFED4 (1-800-225-3334), or visit any Cal Fed branch.

San Francisco-based Cal Fed has approximately $61 billion in assets, 355 branches in California and Nevada, and $23 billion in deposits. Cal Fed, the principal operating subsidiary of Golden State Bancorp (NYSE:GSB), is a full-service community-oriented bank offering consumers and businesses the products and experience to help them achieve their financial goals. For more on the companies, see our Web sites at [www.calfed.com][1] and [www.goldenstate.com][2].

Elan Financial Services provides consumer, business, corporate and purchasing cards through a network of over 1,100 community banks and other financial service providers throughout the United States. Elan products enable small and mid-size financial service providers to remain competitive by matching the products offered at larger institutions. For more information go to [www.elancard.com][3].

[1]: http://www.calfed.com/
[2]: http://www.goldenstate.com
[3]: http://www.elancard.com/

Details

MULTI-BANK ATMS

Euronet Worldwide, Inc., a leading provider of secure electronic financial
transaction solutions, announced the launch of an ATM outsourcing program
with MultiBank, a retail banking initiative of BRE Bank S.A. in Warsaw, Poland.
Under the multiyear agreement, both parties will benefit from
increased revenue and transaction volume. Euronet will install and manage
approximately 50 ATMs located at the premises of MultiBank.
“The co-operation with Euronet enabled us to limit the necessary
investment costs and introduce a solution considered indispensable to the
Bank’s strategy in a very short time,” said Vice-President of BRE Bank
S.A., Slawomir Lachowski. “Apart from costs resulting from procurement of
the equipment and creation of the necessary infrastructure, we have also
avoided having to develop our organization background.”

In November 2000, BRE Bank S.A. launched the first Internet Banking
program in Poland, called mBank, which has gained more than 100,000
customers. mBank has participated in Euronet’s independent ATM network,
enabling mBank customers to use Euronet-branded ATMs for electronic
transactions free of charge.

Euronet’s ATM network consists of 669 ATMs in Poland and 2,400 ATMs
across nine countries in Europe. Additional software and/or network clients
in Poland include banks such as: Bank Slaski S.A., Millennium, Citibank,
Fortis, Deutsche Bank 24, Inteligo, LG Petro Bank S.A. and mobile phone
operators ERA, Centertel and PLUS GSM.

“It’s exciting to partner with clients like BRE Bank S.A. that
recognize the advantages of outsourcing to Euronet,” said Michael Brown,
Chairman and CEO of Euronet Worldwide. “I am convinced that MultiBank will
be as successful for BRE Bank as mBank was. We are proud that we can help
dynamic financial institutions such as BRE Bank achieve the leading
position in their markets.”

About Euronet Worldwide

Euronet Worldwide is an industry leader in providing secure
electronic financial transaction solutions. The company offers financial
payment middleware, financial network gateways, outsourcing and consulting
services to financial institutions and mobile operators. These solutions
enable their customers to access personal financial information and perform
secure financial transactions — any time, any place. The company has
processing centers located in the United States, Europe and Asia, and owns
and operates the largest independent ATM network in Europe. Euronet was
recently ranked number two on the Deloitte & Touche Technical Fast 500, a
ranking of the fastest-growing technology companies in North America. With
corporate headquarters in Leawood, Kansas, USA, and European headquarters
in Budapest, Hungary, Euronet serves more than 200 clients in 60 countries.
Visit our web site at www.euronetworldwide.com.

About MultiBank

MultiBank, a project implemented within Retail Banking of BRE Bank
S.A., will start servicing individual customers as early as September 2001.
The Bank’s offer is mainly addressed to demanding, active and ambitious
people with high professional and private aspirations. Apart from standard
bank products, such as savings-and-clearing accounts, a range of deposits
and credits, and payment cards, MultiBank will also offer consultancy and
services of companies belonging to the BRE Bank Capital Group, including
participation units of investment funds or the possibility to join a
pension fund.

Details

Recession?

Nearly half of all Americans believe the terrorist attacks on September 11 will push the U.S. into recession. According to a special survey released Friday by The Conference Board, 47% of consumers believe the recent tragedy will send the U.S. into recession while 53% do not believe these events will trigger recession. Slightly more than 30% said they or a member of their household would be postponing or canceling plans to travel by airplane because of the September 11 tragedy, but nearly 70% said they were not postponing or canceling air travel plans. Interestingly, 90% of consumers say they will not cut back on their buying plans. Meanwhile, DRI-WEFA said Friday that the resultant impacts from the attack now makes a U.S. and a global recession inevitable. Even before the attacks, economic prospects across the globe were deteriorating. Consumer confidence is likely to fall sharply, as it has in similar episodes in the past. At the same time, some service sectors-especially travel, tourism, and financial services-will be hit hard. DRI-WEFA says the good news for the USA and the rest of the world is that the stage is being set for a strong recovery by mid-2002.

Details

AGRIBUSINESS MASTERCARD

Alberta Treasury Branches reported
improved first quarter earnings with net income of $41.0 million for the
period ending June 30, 2001, compared to $38.6 million reported for the same
period last year. This quarter’s results increased ATB’s equity to $475.1
million, as at June 30, 2001.
“ATB has reached yet another milestone, surpassing $12 billion in assets
during its first quarter,” said Paul G. Haggis, President and CEO of ATB. “The
success of the organization over the past five years is clearly attributable
to our dedicated staff and loyal customers. ATB continues to have a bright
future in servicing the financial needs of Albertans.”

Financial Highlights

– Net interest income of $92.6 million is an increase of 6.18% from
$87.2 million for the same quarter last year.

– Non-interest expenses of $68.8 million is an increase of 5.88% from
$65.0 million for the same quarter last year.

– ATB’s efficiency ratio, non-interest expenses as a percentage of
operating revenues, is 59.37% compared to 59.26% for the same
three-month period last year.

– The allowance for credit losses, including specific and general loan
loss allowance, exceed gross impaired loans by $67.5 million. Net
impaired loans represent a negative 0.69% of total loans at June 30,
2001, compared to a negative 0.62% at June 30, 2000.

– Total assets of $12.1 billion is an increase of 11.04% over last year.

– Total loans at $9.7 billion is an increase of 5.60% over last year.

– Customer deposits of $11.3 billion is an increase of 9.24% over last
year.

Products and Services
An agreement was reached with Bank of America to provide international
banking services to ATB clients who conduct business regularly in the United
States and abroad. These services include: US dollar chequing accounts as well
as US dollar and other currently drafts and wires. In addition, Bank of
America will provide ATB with US dollar, Pound Sterling and Euro corespondent
banking services. By leveraging Bank of America’s capabilities and global
reach, we are able to streamline our international banking services through
one provider. Even more important, our customers have access to the breadth of
international banking capabilities they require when dealing south of the
border and abroad.
A five-year agreement was entered into with Can-Act Payment Services (a
wholly-owned subsidiary of BCE Emergis Inc.) for on-line tax filing and
remittance services for ATB business customers. This service allows ATB Online
business banking customers to file federal and provincial taxes around the
clock, seven days a week, with the choice of scheduled remittances for future
processing. ATB customers can now improve their business processes by
electronically filing and paying their federal and provincial corporate income
taxes, employee source deductions and federal GST through this service.
The ATB AgriBusinessCard MasterCard(R) now provides Alberta farmers with
instant access to as much as $100,000 credit. The previous credit limit on
this popular financial product was $50,000. The AgriBusinessCard is designed
especially for Alberta farm businesses. It can be used to replace an operating
loan, as a low-cost credit card, or to cover purchases of products and
services required for the operation of a farm or agribusiness.
The interest rate is based on the prime rate and is set according to the
unique circumstances of each operation. A low minimum monthly payment can
accommodate those customers that carry a balance, making it the ideal
replacement for an operating loan. This unique product provides the financial
flexibility that today’s agricultural operations require.
ATB continues to show solid growth in retail investment products. This
has been achieved through targeted products that meet the specific needs of
our customers while providing quality returns with limited risk at a time when
market volatility is front and center. Through a range of GIC and
equity-linked products, ATB’s investment products provide a combination of
security, choice, and value that is second to none.

A 30-month mortgage promotion was introduced, and proved to be a popular
choice among customers. A new product package designed for the first-time
homebuyer was also added. The First Home Package allows customers to begin
their retirement investing as ATB contributes up to $2,500 to their RSPs.
These two great options, along with our regular line-up of mortgage products
(Cashback, Lower than Prime, Best of Both, and Half Your Rate), clearly
demonstrate that ATB has the Best Mortgage Options in Alberta.

Access

ATB’s investment in the branch network continues with five new branches
under construction and eight newly constructed branches recently opening in
Cold Lake Tri-City Mall, Calgary Chinook, Calgary Crowfoot, Edmonton
Millwoods, Edmonton Oliver Village, Edmonton Rabbit Hill, Fort Saskatchewan
and Red Deer Bower Place Mall. In addition, renovations were completed at the
Banff, Beaverlodge, Calgary Brentwood, Fort MacLeod, Innisfail and First Red
Deer Place branches.

People

In April 2001, changes were made in the organizational structure to
ensure a better allocation of resources and alignment to our business plan
objectives. Larry Kaumeyer moved to Sales as Vice-President Direct Sales.
Included in his responsibilities are the Customer Contact Centre, Card Sales,
Conditional Sales, the Virtual Staff Branch, Mortgage Development and the
Investment Specialists. Sheldon Dyck moved to Sales as Vice-President Business
and Retail Sales, Urban. Sheldon is responsible for business and retail
banking in the Calgary and Edmonton markets. Ken Casey also moved to the Sales
group as Vice-President Branch Operations. He is responsible for branch
policy, support and performance, corporate services, facilities and
operational efficiency.

On the Credit side, three new appointments were made: Gord Mooney,
Vice-President Credit; Cathy Lane, Vice-President Credit Policy and Enterprise
Risk Management; and Shelly Miciak, Vice-President Credit Risk and Portfolio
Management. In addition, Erv Krawchuk was appointed Acting Vice-President
Internal Audit.

The 2nd Annual Teddy for a Toonie fundraising campaign took place at all
ATB branches and agencies throughout the province from April 16 to May 12,
2001. Customers and staff donated $2 to enter a draw for a Gund(R) teddy bear
at each ATB location. More than $135,000 was raised for the Alberta Children’s
Hospital Foundation and the Children’s Health Foundation. Both foundations are
non-profit organizations that provide funds for specialized medical services
to children throughout Alberta.

Outlook

In June, the Parliament of Canada passed Bill C-8, an Act establishing
the new Financial Consumers Agency and amending federal financial sector laws,
including the Bank Act. We expect the new law will be proclaimed later this
year. While that Act does not apply to ATB, we believe this new legislation
will accelerate the changes to Canada’s financial services sector, as
medium-sized banks and insurers may be takeover candidates. The sector has
also witnessed a number of portfolio transactions where financial institutions
sell branches and assets to competitors. The legislation will enable banks to
establish holding companies that may allow ownership interests to be sold in
certain subsidiaries or joint ventures to be created with foreign players or
direct competitors. To the extent that transactions require divestiture of
assets, ATB believes it is positioned to play a role in obtaining new business
or being on the shopping list of customers affected by branch closure or
portfolio sales. Additional changes will facilitate Canadian financial
institutions’ entry into the e-commerce arena.

Details

TRANSPORT TICKETS

Helsinki City Transport introduces text messages as travel tickets during the International Car Free Day Campaign (22nd-23rd September). The world’s first mobile ticket service for public transport is provided by PlusDial MTSP together with technology partner Add2Phone Ltd.

SMS-ticket service uses standard text messages and a unique validation method to provide the service for all mobile phone subscribers in the Helsinki metropolitan area. During the two-day pilot, all customer feedback is collected and analyzed to benefit a large-scale SMS-ticket trial that is scheduled to begin later this year. The ticket is specially priced and is valid for a full day of travel on the city’s green trams and metro service.

“Mobile payment and ticketing makes public transport in Helsinki more accessible. Buying a ticket in advance is easy and it makes tram traffic more flexible. SMS-ticket service will increase the number of commuters in Helsinki City Transport, especially among younger passenger groups and people visiting in Helsinki,” comments Mr. Seppo Vepsalainen, Planning Director, Helsinki City Transport.

Text messages are a part of everyday life in Helsinki and the Helsinki City Transport Ticket service is another Finnish breakthrough in mobile services and m-commerce. The ticket arrives in real-time when it’s ordered and is automatically recorded on to the customer’s phone bill. All major mobile network operators in Finland, including Sonera, Radiolinja and Telia, have opened their network access for the SMS-ticket service.

About Add2Phone

Add2Phone is a global forerunner in software technology for the mobile applications market. Our products include Mobile Advertising Server, Mobile Content Server and Mobile Competition Server. Add2Phone technology provides a proven and reliable growth path into advanced mobile services and m-Commerce. Add2Phone headquarters and research and development center is located in Helsinki, Finland. Add2Phone sales offices and customer support centers are located in Frankfurt (Germany) and Boston (USA).

Details

BONY ATMs

The Bank of New York announced Thursday that the Bank’s ATM network was restored and completely operational as of 9:00 p.m. Wednesday night. The Bank’s ATM network consists of 350 machines located within the New York tri-state area. BONY says that as a result of the inconvenience, the bank will fully reimburse all customers for any surcharge fees they incurred from having to use ATMs of other banks since the attack on the World Trade Center last week. BONY was the most impacted of all the New York banks due its operating locations in lower Manhattan.

Details

CUBIC GATES

Cubic Transportation Systems Inc., a subsidiary of San Diego-based Cubic
Corp., received a second order to provide ticketing gates to Shanghai Metro.
The transit authority has experienced increased ridership since Cubic
completed installation of the original automated fare collection system
last year.

This latest order increases Cubic sales to Shanghai Metro to more than
$31 million in fare collection equipment and keeps Cubic positioned to
obtain more additions.

The new award follows the recent program milestone of Shanghai Metro’s
formal acceptance of the system for Lines 1 and 2, built under a 1996
contract. The fare collection system accepts both magnetic and smart card
ticketing and is managed by a sophisticated central computer system
designed by Cubic.

“We are delighted that we are developing a good relationship with our
Shanghai customer that further positions Cubic to capture a larger share of
the automatic ticketing systems business in a city where the urban
population is one of the largest in the world,” said Walter C. Zable,
president and CEO of Cubic Transportation Systems.

The most advanced electronic ticketing systems in China are in
Shanghai and Guangzhou, where Cubic is also the system supplier. These
successful installations also position Cubic to capture other projects in
China’s emerging mass transit market, including Beijing, host city for the
2008 Olympic Games, which will be investing in significant transportation
infrastructure. Additionally, Nanjing, Chongqin, and Tianjing plan to build
major metros over the next 10 years.

“With our proven technology base and broad product line, Cubic can
better serve the emerging Chinese transit market,” said Zable. “Cubic can
provide a more cost-effective fully integrated approach to providing
commuters the kind of service they deserve in the 21st century.”
Cubic Transportation Systems is the world’s largest supplier of
integrated ticketing and automated fare collection systems for mass
transit. Every year, nearly 10 billion people use Cubic systems in more
than 40 major markets in five continents, including London, Washington
D.C., Hong Kong, Chicago, New York, Guangzhou, Shanghai, Atlanta, San
Francisco, Sydney, Singapore and Miami among other major installations.
The company introduced the first contactless smart card ever used in
mass transit in 1989. Since then Cubic has integrated various smart card
technologies on several contracts in Europe, Asia, and North America,
including Chicago and the Washington Metro which are the first American
systems using smart card technology. Cubic also is supplying the entire
Automated Fare Collection System including smart card as part of the
TranSys consortium for the London PRESTIGE project.

Cubic Transportation Systems is one of Cubic Corp.’s two major
segments. The Cubic Defense Group provides battle command training,
instrumented training systems, avionics, data links, product logistical
support and radio communication systems. For more information about Cubic,
see the company’s Web site at www.cubic.com.

Details

ICE IDLogix

The Logix Cos., a leader in identification authentication software, and Hypercom Corp., the leading provider of secure electronic payment terminals, Thursday released IDLogix, a positive ID verification software solution for use on Hypercom’s secure touch screen ICE terminals.

IDLogix instantaneously displays highly precise encoded information about an individual’s physical characteristics and description details based on information stored on drivers’ license magnetic stripes and barcodes.

It is ideal for airport ticket counters, bus and train stations, rental car companies and other sites where fast and highly accurate verification of an individual’s identity is essential.

“Law enforcement agencies and commercial organizations are together clamping down on those who present fraudulently-produced identification or otherwise pretend to be someone they are not,” said Scott Bahneman, senior vice president of business development, The Logix Cos.

“Now, you can accurately verify someone’s identity by simply swiping the person’s magnetic-stripe driver’s license, or scanning the license’s 2-D bar code onto a compact ICE card terminal equipped with IDLogix — and also conduct traditional credit/debit, check, EBT and loyalty card transactions if desired.”

“Up until now it has been too easy to create and pass off false ID or use someone else’s ID. With IDLogix, we have now embarked on the introduction of a series of technologies that will prevent this.

“Through the use of Hypercom’s secure graphic touch screen terminals, we enable the display of identification-related information which is read from encoded magnetic stripes and secure 2-D barcodes found on most currently-issued drivers’ licenses and other ID cards.

“This capability allows positive verification of the authenticity of an ID document and allows you to match the ID data and description to the person presenting the document,” said O.B. Rawls, IV, senior vice president and general manger, Hypercom USA/Canada.

“Combined with secure electronic payments, and especially rapidly emerging smart cards, this new capability will create a highly secure, fraud resistant payment and ID environment. Applications include car rental, airport check-ins or ticket purchases, age verification and other identification and access functions.

“We think these capabilities, when combined with other advanced ICE functions, such as electronic signature capture, have enormous and very positive potential that can help boost security and eliminate fraud in a number of areas,” said Rawls.

The IDLogix application was developed by The Logix Cos. It can support identification and/or age verification using Hypercom’s Visual HDT (VHDT) C++-based developer’s software platform and Hypercom’s ICE card payment terminals.

Hypercom’s epic (ePOS-infocommerce(TM)) ICE devices are compact, high-performance, touch screen-based, Web-enabled terminals.

ICE terminals incorporate physical security features and Hypercom’s TranSafe(TM) operating system that integrates a firewall-protected, multi-applications functionality, along with EMV chip card capability, a secure PIN pad, built-in HTML/HTTP Web browser, and integrated receipt printer.

In addition to the secure payment applications, Hypercom’s ICE terminals support a range of value-added applications and services including: electronic signature and receipt capture, e-mail, on-screen advertising, interactive electronic coupons, and cash management reporting through a standard browser — as well as secure credit, debit, and smart card functions.

About Hypercom ([www.hypercom.com][1])

Hypercom Corp. is the leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers, and yield increased profitability for its customers.

Hypercom’s products include secure Web-enabled transaction terminals that work seamlessly with its networking equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications.

The company’s widely-accepted ePOS-infocommerce(TM) (epic) framework of consumer-activated, EMV-certified, touch-screen ICE (Interactive Consumer Environment) terminals enable acquirers and merchants to decrease costs, increase revenues and improve customer retention.

Headquartered in Phoenix, Hypercom is independently acknowledged as the leading provider of point-of-sale card payment terminals worldwide. Demand for Hypercom’s terminals surpassed 1 million units last year alone. Hypercom today maintains an installed base of more than 4 million terminals in over 100 countries which conduct over 10 billion transactions annually.

About The Logix Cos.

The Logix Cos. is an information processor, specializing in integrating identity authentication technology, customer and prospect data processing, and merchant financial processing services to the public and private sector.

They supply Risk Management services, through their IDLogix system, a system which provides ID authentication for retail and non-retail customers by reading electronic encoded data from a valid, government-issued identification document — typically a driver’s license or state-issued ID card.

They also provide Customer Relationship Management (CRM) and Prospect Relationship Management (PRM) services through their TouchLogix system, an Internet-based data management service which monitors and stores customer demographics for the benefit of retailers.

Other services include electronic check conversion (CheckLogix), credit/debit card processing service (PaymentLogix), and ATM processing services and support with Web-enabled cash management (EFTLogix). The Logix Cos. Internet address is [www.logixco.com][2].

[1]: http://www.hypercom.com
[2]: http://www.logixco.com

Details

E-BANKING

SLMsoft.com, Inc., a
leading global provider of e-financial solutions, today announced a US$2.5
million contract with the Central Bank of United Arab Emirates to
establish an Application Service Provider Center for electronic banking
services in the United Arab Emirates.

“An enormous technological modernization is currently underway in the
Middle East and throughout the entire Asian region. The United Arab Emirates
is leading the way, and SLMsoft.com technology is playing a major role,” said
Govin Misir, Chairman and CEO of SLMsoft.com. “This transaction was made in
conjunction with Al Ghurair Enterprises for Computers (AGEC), our distributor
in the UAE. The distributor relationships we’ve established around the globe
continue to reward SLMsoft.com, and we look forward to benefiting from both
existing and new relationships as they help us to further drive our revenue
growth.”

“SLMsoft.com’s products will enable the Central Bank to quickly move to
the forefront of the region in terms of technological capability, and provide
a leadership role in strengthening the electronic banking infrastructure of
the country,” said Bank spokesperson Mr. Khalifa Al Dhaheri. “After performing
careful due diligence upon all vendors, SLMsoft.com was the only provider that
could supply high quality end-to-end electronic banking solution that would
enable the bank to establish an electronic banking infrastructure that meets
all our technical requirements. SLMsoft.com’s solution is very secure,
reliable and highly efficient which will provide the benefits we are looking
for as the volume of transactions increases in the UAE.”

Under the terms of the agreement, SLMsoft.com will provide the Bank with
its FTS and VFS software solutions. FTS enables efficient transactions from
any end-user delivery channel and exchanges them securely and seamlessly with
any destination. SLMsoft.com’s FTS switching technology is installed
throughout the world and is acknowledged as the leading edge technology in its
field. FTS is capable of providing scaleable transaction management solutions
to meet the needs for small financial institutions and for such world leading
global banks as the Bank of China. SLMsoft.com’s open system FTS technology is
replacing the Bank’s previous proprietary national switch providing the Bank
with the inherent flexibility of open system technology. Linked with
SLMsoft.com’s java based MCF architecture, the FTS solution provides
significant value to its customers through managing the customer information
for all applications.

SLMsoft.com’s VFS software facilitates the secure exchange of information
and transactions over the Intranet/Internet and allows for the custom
deployment of bank-branded financial services. Beyond providing Internet
access to all its banking customers, organizations using VFS can add value to
their business clients’ banking experience as customers can leverage the
efficiencies of on-line electronic banking to manage their payroll, payables
and receivables.

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 www.slmsoft.com .

Details

OPC in HI

Official Payments Corporation announced a new business award with the County of Hawaii. The award entails a new Internet and telephone payment system that will enable citizens to charge property taxes to their credit cards. The contract represents the firm’s first business within the state of Hawaii. With this addition, Official Payments now provides credit card payment services to the Internal Revenue Service, 18 state governments, the District of Columbia, and over 900 counties and municipalities in 49 states across the country. The County of Hawaii encompasses the entire island of Hawaii, also known as the Big Island. The county’s Finance Department collects approximately $91 million in property taxes annually on over 128,000 land parcels. According to Bill Takaba, County of Hawaii Director of Finance, “the county elected to begin accepting payments electronically in order to improve the efficiency of our department and make the process of paying taxes easier on our citizens.” When the systems are launched later this year, taxpayers in the County of Hawaii will be able to use the American Express(R) Card, Discover(R) Card, VISA(R), and MasterCard(R) to make their tax payments by visiting [www.officialpayments.com][1] on the Internet or by calling 1-800-2PAY-TAX(SM). Official Payments charges taxpayers a convenience fee for processing these credit card transactions. The fee schedule can be found on the Internet at [www.officialpayments.com][2]. As a bonus, taxpayers using credit cards with bonus rewards programs can, depending on their card’s program, earn rewards, points, and cash-back or airline frequent flyer miles for paying their taxes.

About Official Payments Corporation

Official Payments Corporation (Nasdaq: OPAY) is the leading provider of electronic payment options to government entities. The company’s principal business is enabling consumers to pay their government taxes, fees, fines, and utility bills by credit card, via Internet and telephone. The company is unequaled in market penetration and national footprint. Official Payments is the incumbent in contracts with the Internal Revenue Service, 18 state governments, the District of Columbia, and well over 800 county and municipal governments in 49 states across the United States. In 2000, Official Payments collected and processed over $925 million in federal, state, and local government payments.

Official Payments was founded in the San Francisco Bay area in 1996. Thomas R. Evans, the former President & CEO of the Internet company GeoCities, became Chairman & CEO of Official Payments in the summer of 1999. Mr. Evans brought Official Payments public in November of 1999, raising $80 million in its IPO on the NASDAQ national market. The company has experienced rapid and sustained growth over the past six reported quarters in revenue, new client acquisition, and addition of incremental services to existing clients. The company’s success can be attributed to the combination of an enormous market opportunity with a highly skilled and experienced management and staff, aggressive sales and marketing, and a core competency in developing and implementing leading-edge technical systems.

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

Details

SEARS ADMISSION

“As part of Sears Canada’s on-going quest to
offer Sears Club members additional payment and reward options, Sears has
teamed up with entertainment industry leader ADMISSION,” announced Danielle
Bussieres, Manager, Sears Loyalty Programs. “This new alliance provides Sears
Cardholders with the opportunity to enjoy world-class entertainment while
earning valuable Sears Club points.”

“ADMISSION is pleased to be able to offer Sears Cardholders with the
option to use their card to make entertainment purchases. As a ticket
distributor, we believe that this partnership will enhance the service we
provide to both our clients: Quebec venues and consumers. My entire staff
joins me in welcoming Sears Cardholders in Quebec,” states Christian Leduc,
from ADMISSION.

This new alliance provides Sears 2 million Cardholders in Quebec with the
opportunity to reap rewards when making their entertainment purchases at
ADMISSION, by phone at 514-790-1245 (in Montreal) or toll free at
1-800-361-4595. Sears Cardholders will earn one Sears Club point for every
dollar they spend on their card at ADMISSION. Points can be redeemed for Sears
merchandise, services and travel offered at any Sears department, furniture
and appliances or outlet store as well as through Sears catalogues and online
at www.sears.ca .

The Sears Card is the number one credit card in Canada with more card-
carrying customers than any other single retail, bank or specialty card issuer
in the country. More than 80 per cent of Canadian households are Sears Club
members.

SEARS CLUB, the most broadly based customer rewards program in Canada,
was established in 1987. It has rapidly expanded its range of earning
opportunities and rewards for its more than 8.9 million members nationwide
through alliances with Bell Mobility, Bell World, Ticketmaster Canada Ltd.,
IBM, Choice Hotels Canada, AMJ Campbell Van Lines, All-Purpose Realty,
Pharmasave, Roots, VIA and more. For more information on the SEARS CLUB and/or
to become a member, visit Sears online at www.sears.ca or call 1-800-265-3675
(English), 1-800-650-9950 (French).

Sears Canada is a multi-channel retailer with a network that encompasses
118 Sears department stores, seven urban Eatons department stores and 37
furniture and appliances stores. The Company publishes Canada’s only general
merchandise catalogue and has over 2,100 catalogue pick-up locations. In
addition, Sears has 133 dealer stores, 16 outlet stores, 36 floor covering
centres, 66 auto centres, 110 Sears Travel offices and offers shopping online
at www.sears.ca .

ADMISSION is the largest ticketing network in Quebec, numbering more than
125 points of sales and operating a call centre, open 365 days a year from 8
a.m. and 12 a.m. (EST), with a toll free number for consumers in Canada and
the United States. It is also the leading provider of computerised networked
ticketing services in Quebec, working with 80% of the venues, including many
of the foremost entertainment facilities and promoters as well as tour
professional sports franchises.

Details