Canadian Bank Note Company has signed an important contract with the
Government of Togo for the supply of national identity cards, driver’s
licenses, motor vehicle registration certificates, military identity cards
and foreign resident’s cards. The five-year contract includes the
installation of a unified document production system in the capital, Lome,
and a satellite production site in the northern city of Kara. The complete
range of documents and systems will be delivered and installed within the
coming months by CBN’s Identification Systems division. Systems previously
installed by CBN have established Togo as a leader in the field of secure
identity documents.

The signature of this new agreement makes Togo one of the world’s
most advanced countries in the field of identity documents, according to
the Minister of National Defense, General Assani Tidjani. The new Togolese
passport is a sophisticated document, which has enabled its citizens to
easily travel the world. Togo is eager to improve all its identity
documents through the adoption of this leading edge technology. Its
expressed goal is to end the trafficking in all Togolese travel and
identity documents.

CBN’s Executive Director of Sales, Stephen Dopp, paid tribute to
Togo’s ability to assimilate advanced systems in record time. “The Togolese
authorities have shown themselves to be efficient administrators and ready
to adopt the latest technologies,” said Dopp. “We have nothing but praise
for their desire to establish a leadership role in the field of
identification systems in West Africa.”

The Republic of Togo (Republique Togolaise) is situated in West
Africa. Its capitol city, Lome, has hosted numerous international
conferences and treaties. Its President, Gnassingbe Eyadema has this past
year assumed the important chairmanship of the Organization of African Unity.
Canadian Bank Note Company, Limited is an independent ISO 9001
certified organization that provides total solutions for security documents
and systems across four main products areas–Lottery Systems,
Identification Systems, Payment Systems, and Shareholder Services. The
Company markets its products to government agencies and authorities as well
as institutional and other customers in more than 40 countries.


Healthcare Cards

Pittsburgh-based UPMC Health System has launched a smart card that allows patients to carry their own medical information in their wallets. The ‘Healthcare Passport’ smart card will hold a patient’s demographic, insurance or basic medical information, such as allergies, conditions and immunizations, and will be updated at each doctor visit. With an upcoming partnership with Mellon Financial, patients will be able to deduct co-payments for visits or pharmacy items or tap into flexible spending accounts using the card. The UPMC card contains a 64-kilobyte microchip, with 32 KB devoted to applications and security. While UPMC’s smart card project initially involves a limited number of practice patients, the program will eventually cover nearly 3 million patients who are seen at any one of the system’s hospitals and more than 200 physician practices in western Pennsylvania.



Official Payments Corporation announced that Uinta, Sweetwater, Platte and Teton Counties have signed service agreements which enable taxpayers to pay their personal property and real estate tax obligations over the Internet by visiting [][1], or via the telephone by calling toll-free 1-800-2PAY-TAX.

American Express, Discover Card, MasterCard and VISA are the cards accepted by the program. The program will commence next month. Official Payments Corp. is the leading provider of electronic payment options in over 900 government entities in 48 states across the county. The Company has contracts with the Internal Revenue Service, 18 state governments, and the District of Columbia to collect taxes, fees, and fines by credit card over the Internet and telephone.

Sweetwater County is the largest recent addition to the Wyoming client base as well as the third largest county in Wyoming. Uinta County includes the city of Evanson, one of the largest cities in Wyoming. This county collects an estimated $52MM in personal property and real estate taxes. Teton County consists of 35,000 parcels and a combined estimated $33MM is collected in personal property and real estate taxes annually. Platte County, the fourth new addition to the Wyoming client base, collects an estimated $14MM in real estate and personal property taxes.

“We have been eager to continue our business development in the state of Wyoming, knowing the marketing opportunities that could be created. Wyoming Department of Revenue does not levy a personal or corporate income tax, signifying the importance of county growth with this service. The security, efficiency and innovation of this program are proven by the utilization of services by other counties in Wyoming. This utilization has helped us expand our business to these four additional counties,” stated Thomas R. Evans, CEO and Chairman of Official Payments Corp.

The combined County authorities collected over $132MM in personal property and real estate taxes last year. The real estate tax first installment date is September 1st; delinquent payments are due by November 10th. Second installment taxes are due by March 1st; delinquent payments are due by May 10th. To avoid any interest, both payments are due by December 31st. Property tax, which consists of motor vehicle tax, is collected monthly by last name of taxpayer.

Official Payments Corp. charges taxpayers a convenience fee for processing these credit card transactions. The fee schedule can be found on the Internet at [][2]. For example, a taxpayer who owed a current tax of $2500.00 in real estate taxes and charged their taxes, would find a total of $2568.00 on their credit card statement: $2500.00 for the tax bill and $68.00 for the convenience fee. American Express, MasterCard, Discover Card and Visa are the credit cards accepted by the program. Taxpayers using credit cards with bonus rewards programs can, depending on their card’s program, earn rewards, points, and cash-back on 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 has agreements to collect and process credit card payments with the Internal Revenue Service, 18 state governments, the District of Columbia, and over 900 county and municipal governments in 48 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’s success in new client acquisition, increasing business with its existing clients and in building consumer awareness 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.



Dataworks & CheckFree

US Dataworks Inc., a wholly owned subsidiary of SonicPort Inc., and CheckFree Corp. announced the renewal of their business alliance to provide an end-to-end solution for converting checks to ACH transactions.

With the agreement, CheckFree will provide marketing and strategic support for all US Dataworks products. US Dataworks will continue system development and provide integration services and daily product support. All US Dataworks systems run on Windows-based client/server architecture and are integrated with CheckFree’s PEP+ ACH processing system.

Currently, more than two-thirds of the estimated 6 billion annual ACH transactions are processed through CheckFree’s ACH Alliance Processing platform or its PEP+ application software. As the leader in ACH processing software, CheckFree will fully leverage the capabilities of the US Dataworks software while providing banks of all sizes a cost-effective alternative with a high-capacity level. CheckFree offers established, high-volume processing capacity and industry-leading disaster recovery services for ACH processing.

US Dataworks President Terry Stepanik commented, “Our relationship with CheckFree provides an entry point for our entire product line into a very dynamic market that will significantly benefit from this new expanded teaming of our combined resources.”

Stepanik added, “CheckFree’s market leadership in the transaction processing industry and their track record of consistent, high-quality systems, combined with the innovative US Dataworks solutions, makes a compelling case for large corporations to process their check conversions in-house rather than use outside service providers.”

“As the leader in electronic payment processing, CheckFree clearly recognizes the trend of converting checks to ACH transactions,” said Denny Oswalt, senior vice president and general manager of CheckFree’s ACH business unit. “This check conversion product suite will position CheckFree to offer a complete processing package from the corporate location through the Federal Reserve Banking system.”

The benefits of the combined systems include seamless compatibility; automated in-house processing; industry-leading return item decisioning based on corporate parameters and item history; a flexible resubmit calendar with timing determined by the originator; automated return fee generation that reduces collection time; and monthly analysis reports to assist the originator in improving return processing compared with other corporations.

The systems incorporate Thomson Financial Publishing Co.’s EPICWare database and the recently announced “1FOR1” database co-developed with Thomson’s. These databases significantly reduce the number of returns experienced in the conversion process.

About US Dataworks

Established in 1997, US Dataworks develops, markets and supports transaction processing software for Windows NT computer systems. Its customer base includes many of the largest financial institutions, as well as credit card companies, government institutions and high-volume merchants in the United States. It also has a strategic alliance with Thomson Financial Publishing, a unit of Thomson Corp. (TSE:TOC), to incorporate their EPICWare database into US Dataworks products.

About SonicPort Inc.

SonicPort Inc. is a financial services company specializing in the integration of transaction-processing software with ASP services, IT expertise and customer service. Additional value-added services include custom software applications and technical support.

About CheckFree

CheckFree (Nasdaq:CKFR) is the leading provider of financial electronic commerce services and products. Celebrating its 20th year in e-commerce, CheckFree launched the first fully integrated electronic billing and payment solution in 1997. Today, CheckFree enables 5.2 million consumers to receive and pay bills electronically.

The company has multi-year contracts with 271 of the nation’s top billers to provide online billing and payment through more than 300 financial services organizations, including banks, brokerage firms, Internet portals and content sites and personal financial management (PFM) software.

CheckFree Software Services division provides solutions that are used to process more than two-thirds of the nation’s 6 billion Automated Clearing House payments, and reconciliation and compliance products and services to more than 400 organizations in the banking, brokerage, utility, retail, insurance and credit card industries, among others. This division includes CheckFree i-Solutions, the leading provider of interactive e-billing and e-statement software and services that enable companies to transform bills and statements into interactive conduits for customer relationship management, marketing and customer self service.

CheckFree Investment Services provides a broad range of investment management services to thousands of financial institutions nationwide. The division’s clients manage more than 1,500,000 portfolios totaling more than $500 billion in assets. For more information, visit [][1].



Drug Abuse Cards

Smart cards have found an application in managing California’s ‘Proposition 36’ initiative. The new law, which went into effect July 1, mandates treatment instead of incarceration for first- and second-time nonviolent drug offenders. NY-based Netsmart Technologies has been selected by San Joaquin County to manage the county’s ‘Prop 36’ initiative with smart cards. The San Joaquin Office of Substance Abuse is responsible for collecting data on all offenders and submitting it to the California Department of Alcohol and Drug Programs, which in turn submits a report on participant performance to the Governor. The smart card tracks every class, medical appointment, counseling session, and treatment appointment each participant attends, which could be as many as 30 different agencies and organizations. The card has an ‘HL7’ record, which is capable of interfaces across a broad range of legacy information systems. The card’s software, which is bridgeware, can be an integral part of the organization’s solutions to pending HIPAA mandates.



Carreker Corporation, a
leading provider of e-finance enabling solutions to the financial industry,
announced that Carreker’s Check Solutions Group has entered into a
multi-million dollar contract with Symcor to integrate new back-office
software, image technology and archive into the Company’s item processing

Through its system of network-connected processing centers, Symcor is the
leading processor of financial transactions in Canada. In 2000, Symcor
processed nearly 2 billion checks, 34 million credit card transactions and
44 million customer payments for clients in the financial service,
telecommunications, utility, retail, insurance and healthcare sectors.
“Teaming with Carreker and Check Solutions will allow us to move forward
quickly and efficiently with our plans to expand our services to customers in
the North American marketplace,” said Paul Currie, Chief Executive Officer of

The Check Solutions group will provide proven software and advanced
technology to significantly improve efficiencies enabling Symcor to move to an
enhanced systems platform. The systems include conventional check processing
as well as image capture and automated reject reentry on the front end of the
item processing operation. In addition, the back-office software will provide
new services such as image statements, CD/ROM statements, archive storage and
retrieval. Further enhancing Symcor’s back office processes will be the CS
Inbound Returns Express(TM) and CS Exceptions Express(TM) to handle their
returned items and exceptions processing.

Joe Rowell, President of Carreker’s Check Solutions Group said, “We are
very pleased to have Symcor choose our company and complete suite of products
to assist them in putting into place a number of systems that will provide new
services to its customers, reduce processing time and lower expenses. Symcor
will now be in a position to convert paper-based information into electronic

Symcor now also has access to Carreker’s Electronic Check Presentment
(ECP) technology. ECP allows banks to process incoming paper check
information into their deposit posting systems before the arrival of the
physical paper items. This results in an increase of investable funds through
corporate deposit replenishment, reduction in interest paid, and increased
fraud detection capabilities. ECP also facilitates the move towards paper
truncation and image processing.

“As the leading provider of item processing in Canada, Symcor is committed
to providing efficient and secure business and technology outsourcing to their
clients. Check Solutions technology will provide Symcor with an advanced
platform to expand their market reach while maintaining their quality of
service to current clients. Additionally, the integration of Carreker’s ECP
product line with Check Solutions’ image technology further emphasizes the
benefits our customers will receive as a result of our merger,” said J.D.
“Denny” Carreker, Chairman and Chief Executive Officer of Carreker

“This kind of customer win is precisely the reason we acquired Check
Solutions. Check Solutions’ customer base and value proposition have
dovetailed perfectly with Carreker’s clients and solutions, greatly adding to
our ability to expand our presence in the marketplace,” said J.D. “Denny”
Carreker, Chairman and Chief Executive Officer of Carreker Corporation.
Symcor now joins Wells Fargo, Fleet, Bank One, Union Planters, and Bank of
New York on a growing list of outsourcing service providers and financial
institutions that have chosen products from Carreker’s Check Solutions Group
to further enhance their back-room processing.



Equifax announced this morning U.S. Patent and Trademark Office approval for a “System and Method for Authentication of Network Users.” Unlike basic authentication methods that rely solely on wallet information to identify users online, the Equifax system requests both financial and non-financial information that should be known only to the end user and Equifax, such as the amount of a car payment each month or the name of the mortgage lender. After the end user completes this interactive query process, Equifax verifies that the individual is who he or she claims to be. The consumer authentication is sold under the trade name ‘eIDverifier’. Among companies that have selected Equifax to authenticate their end users are eBay, CheckFree, State Farm and Fidelity Investments. Additionally, such companies as IBM, PricewaterhouseCoopers, VeriSign and are authorized resellers.


SLMSOFT 2Q/01 Inc. y announced financial results
for the second quarter ended June 30, 2001.
For the second quarter of 2001, the Company reported a loss of $4.3
million or ($0.25) per share, compared to a loss of $6.0 million or ($0.45)
per share for the same period in 2000. The loss from continuing operations
totaled $3.6 million or ($0.21) per share, compared to a loss of $5.9 million
or ($0.45) per share in 2000. Excluding the loss from its 49% owned
subsidiary, Infocorp (TSE:INP),’s second quarter 2001 loss from
continuing operations equaled $2.5 million or ($0.15) per share.
For the six months ended June 30, 2001, the Company achieved earnings of
$45.9 million or $2.65 per share, compared to a loss of $11.2 million or
($0.84) per share for the same period last year. This year’s results reflect
the gain on the sale of U.S. processing operations, referred to above, of
$50.4 million. The six-month loss from continuing operations amounted to $4.5
million or ($0.26) per share, compared to a loss of $8.5 million or ($0.64)
per share for the corresponding period of last year.

“During the second quarter of 2001, we continued to refocus our leaner
organization’s strategy toward driving growth from sales in the international
markets,” said Govin Misir Chairman and CEO “Substantial efforts
were placed on three elements of our growth strategy: first, we concentrated
on building a sizeable pipeline of software licensing opportunities and
bringing negotiations on some key accounts to closure; secondly, we sought an
appropriate location for a global development centre and screened potential
partner or acquisition candidates that would be able to provide us with a
strong base for reducing software development costs and building a scalable
implementation team; finally, we looked to monetize a portion of the proceeds
from the sale of our U.S. operations in order to have the growth capital to
invest in our sales efforts, acquisitions, and the ongoing development of new
In the second quarter the Company made considerable advancement towards
closure of several contracts during the second half of 2001, including:

– A smart-card and electronic banking system project for the Post Office
Bank in Côte d’Ivoire;

– An electronic transaction network system for the National Bank of

– An Internet banking and electronic transaction network system for the
Central Bank of UAE;

– An electronic transaction network system for the Bank of Katmandu;

– An electronic transaction network system for the Bank of Cairo;

– A credit card processing agreement with an organization in the U.S.
that issues over 10,000 cards a month; and

– Additional ATM processing revenue, after having assisted one of the
Company’s ATM processing clients in closing a deal to supply ATMs and
provide processing services to a major North American oil company’s
service centres.

Revenue from these contracts will be recognized during subsequent
quarters and will provide SLM with a strong foundation to meet its growth
targets. These contracts are expected to bring in over $10 million annually of
net new revenue over the next three years.
The second area of its strategy that was able to
substantially complete during the second quarter was the selection of a site
for its global development centre. After assessing the pros and cons of a
number of regions, decided to focus on India because of the
maturity of their software industry, the abundance of qualified technical
personnel, and the relative cost advantage. Subsequent to the quarter’s end,
the Company announced the acquisition of Design Expo, a leading provider of
Internet technology in the region. The negotiations were concluded in August,
and now owns a 70% interest in a well established software
engineering firm that has over one hundred employees. is confident
that significant benefits will accrue as a result of being able to reduce
development costs and improve its time-to-market for new products. is also pleased to report on the successful completion of the
third element of its strategy. The transition of the cheque item and back-
office processing division to The InterCept Group was substantially completed
by the end of the second quarter. During the quarter, the Company was able to
monetize a significant portion of the share proceeds from the sale of the
cheque item and back-office processing division, by way of an $18 million loan
from InterCept. Subsequent to the quarter’s end, sold 610,000
InterCept shares. The total proceeds of $27 million enabled the loan to be
repaid and provided us with net proceeds of approximately $9 million. This
additional capital will be invested in the Company’s growth strategy going

In terms of its portfolio of companies,’s 49% owned
subsidiary, Infocorp, requires particular attention as it is in the process of
transitioning its technology, repositioning its brand, and rebuilding its
sales and marketing engine after focusing almost exclusively on the delivery
of its e-government electronic service delivery technology to New York City.
During the second quarter, invested $500,000 in Infocorp to enable
this transition to begin. The Company anticipates that further investments
will be required over the next two quarters to complete this transition.

Financial Results


Revenue for the second quarter totaled $2.2 million, compared to $4.1
million in the second quarter of 2000. While the reduction was primarily
caused by reduced license fees, it was offset in part by growth in
installation and other service revenue, which reflects initial results of the
Company’s increased sales and distributor activities. For the six-month period
ended June 30, 2001, revenues declined to $4.3 million from $7.8 million last
year, almost entirely as a result of reduced license fees.

Research and development expenses

Research and development expenses increased to $1.5 million in the second
quarter compared to $0.4 million for the same period in 2000, and to $3.7
million for the year-to-date, compared to $2.7 million for the corresponding
six-month period last year. These increases are due to increased development
activities carried on this year for the development of Web-Teller and eCRM
enabling middleware solution.

Selling and marketing expenses

Selling and marketing expenses increased slightly, to $2.3 million for
the second quarter from $2.0 million for the same period last year. For the
six months ended June 30, 2001, selling and marketing expenses increased to
$4.4 million, compared to $3.1 million last year. The increases reflect the
investment made in creating a strong pipeline for future license sales.

General and administrative expenses

General and administrative expenses amounted to $1.8 million in the
second quarter of 2001, compared to $4.2 million for the same period last
year. The decrease is due in part to operational efficiencies in 2001,
together with a reduction from the amount provided for doubtful accounts in
2000. For the six months ended June 30, 2001, these expenses amounted to $4.4
million, compared to $5.5 million for the same period in 2000.

Provision for income taxes

The Company recorded a tax benefit of losses carry-forward of $1.5
million in the second quarter of 2001 and $5.1 million in the first quarter,
for an aggregate recovery of $6.6 million for the year-to-date. This recovery
of income taxes will be used to offset the taxes otherwise payable on the
reported gain on sale of the discontinued division reported in the first

Liquidity and Capital Resources

In the second quarter of fiscal 2001, operating activities used net cash
of $10.8 million compared to $4.7 million in the second quarter of fiscal 2000
as the Company continued to pay down its trade accounts payable. The Company
funded operations in the second quarter of fiscal 2001 with the proceeds from
sale of its discontinued division including an advance from InterCept Group of
$18 million pending the sale of 610,000 of that company’s shares owned by

The Company targets to be cash-flow positive through increased revenues
and operational efficiencies during 2001. At June 30, 2001, the Company had
cash of $17 million and marketable securities of $46 million, representing
approximately 1.25 million shares of InterCept with a market value at that
date of approximately $62 million. Following completion of the sale of shares
(referred to above) in August, the advance to InterCept was repaid and cash
was increased by the remaining proceeds of $9 million.


Founded in 1986, is a leading developer of electronic payment
systems and transaction processing solutions, including e-commerce
applications with a focus on the financial services industry.
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. 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


e-Bill Usage

Usage of electronic bill payment by Internet users has jumped from 10% to 25% over the past year according to a new survey. Directionally, usage tends to be wider among younger consumers according to Atlanta-based Synergistics. One-third of those ages 18 to 34 are current users of electronic bill payment, compared with one in six of those age 65 or older. Usage is also wider among the highly affluent ($100K+), with one-third of that group indicating usage, compared with one-fifth of the lower-income group (<$25K). Synergistics says with 43.6 million Internet-using households in the United States, its results indicate that there are about 11 million households that are using electronic bill payment currently. The survey was based on 1,000 Internet-using households.



Credit and debit card charge volume dipped by 3.6% in July to 15.855 billion pounds. Credit card volume alone was was 8.092 billion pound, 4.5% lower than June but 12.0% higher than last year at 8.092 billion pounds. The Credit Card Research Group said summer is traditionally a volatile period for card spending but the monthly fall in spending should not cause undue concern.


July eCommerce Index

Reflecting the traditional retail environment, value and discount shopping outlets attracted online buyers in the month of July, revealed the eCommerce Index, from NextCard. The eCommerce Index is the premier metric of monthly online consumer spending and is the only resource that reflects actual consumer e-commerce spending based on online credit card transactions.

“July saw an overall increase in transactions at value sites,” said Scott Lascelles, group vice president of loyalty marketing at NextCard. “, an extension of the cable shopping channel, performed particularly well. It rose 61 spots to No. 8 in the Top 20 merchants, a gain of 630 percent.”

“Software sites, and were top performers in July in terms of overall online transactions and growth. As children head back to school, parents are preparing family computers for the academic year and looking for cheaper, more convenient ways to do it,” said Lascelles.

“Western Union’s online auction payment service,, is gaining in popularity and appeared on the Index for the first time. Consumers love auction sites like EBay, the No. 3 merchant and, No. 5. Services that finalize transactions and facilitate payments make auction buying and selling a snap,” said Lascelles. “Western Union has long been a bellwether offline brand and its online service is benefiting from the strong association.”

“July is traditionally a quiet time of year for retail and this is reflected in this month’s eCommerce Transaction Index. History tells us that average basket size will increase moving into the Holiday period,” said Lascelles.

Top 20 Online Merchants in July 2001

The NextCard eCommerce Index is a monthly listing of the top Web sites based on the number of online transactions by more than one million NextCard cardholders.

Rank Change Merchant Consecutive
1. — 27
2. — 15
3. — 27
4. +3 27
5. +4 27
6. — 17
7. -2 18
8. +61 1
9. -1 26
10. +1 27

Rank Change Merchant Consecutive

11. -2 26
12. -2 8
13. +1 10
14. +7 1
15. -3 18
16. -3 2
17. — 2
18. +7 AOL Long Distance 1
19. -3 5
20. — Western Union 1

eCommerce Transaction Tracker

The NextCard eCommerce Transaction Tracker reflects average individual transaction size at five sample online retailers for 2001.

Merchant 2000 Avg. Jan Feb Mar $42.31 $37.78 $42.97 $40.13
—————————————————————– $33.55 $38.31 $35.47 $36.59
—————————————————————– $305.15 $265.51 $299.50 $279.26
—————————————————————– $16.40 $16.40 $17.30 $15.88
—————————————————————– $88.47 $97.54 $101.12 $95.15

Apr May June July $40.30 $45.41 $42.85 $38.65
—————————————————————– $39.63 $37.57 $36.61 $35.01
—————————————————————– $257.43 $266.65 $271.06 $239.47
—————————————————————– $15.30 $18.94 $19.30 $21.19
—————————————————————– $99.71 $113.77 $112.53 $102.41

July eCommerce Movers

The NextCard eCommerce Movers(SM) is a monthly listing of the top online merchants that experience the largest percentage change in transaction volume from the previous month.

5 Biggest Movers

1. 630%
2. 164%
3. 81%
4. 78%
5. 78%

The NextCard eCommerce Index can be found on the Internet by visiting and clicking on the “eCommerce Index” link.

eCommerce Transaction Index

The NextCard eCommerce Transaction Index reflects relative monthly average purchase amounts at ten sample online retailers. It uses the 2000 calendar year average as its base of 100.

Merchants in the Transaction Index include:

To view the graph associated with the eCommerce Transaction Index, please visit and click on the “eCommerce Index” link.

About The NextCard eCommerce Index

The NextCard eCommerce Index is a monthly report of the top 20 online merchants and top five movers, average e-commerce basket size based on ten online merchants, and average individual basket size at five specific online merchants. The Index is based on the number of actual, online purchase transactions by approximately one million NextCard cardholders. The NextCard eCommerce Index combines two critical components to accurately reflect online transaction activity: 1) a large cardholder base of active online purchasers and 2) data-mining technology that tracks online credit card transactions. NextCard customers are some of the most sophisticated online consumers and make online purchases approximately five times more often than the average online credit card user. As a result, the NextCard eCommerce Index not only provides valuable information about where online consumers are actually buying, but it also reflects the ability of merchants to convert Web visitors to buyers, and buyers to repeat customers. The Index can be found on the Internet at

About NextCard

NextCard, Inc. ([][1]) is considered the leading issuer of consumer credit on the Internet. Launched in 1997, the Company was the first to offer instant online credit card approval, a choice of customized credit card offers, and exceptional online customer service. NextCard is committed to providing the most robust consumer shopping experience on the Internet and has continued to innovate with its NextCard Concierge(SM) online shopping service, online bill payment services, and comprehensive rewards program.

NextCard is also one of the leading direct marketers on the Internet, operates a network of more than 90,000 online affiliates, and has exclusive card relationships with leading online brands, including and

NextCard was named the No. 1 Internet credit card by Gomez. According to the 2001 Brittain Associates “Credit Cards on the Net” study, NextCard leads the online credit card market with a 26 percent share. NextCard was nominated for a 2000 Webby Award in the finance category. NextCard, Inc. issues credit cards through NextBank N.A., a wholly owned subsidiary.



DataCard London

Datacard Group last week announced the relocation and expansion of its London operations.

The Datacard Group London team specializes in producing cutting edge software solutions for multi-application smart card systems. Datacard Group London also serves as the central facility for Datacard Consult p7, an elite team of mathematicians, cryptographers and smart card chip experts. This team is dedicated to evaluating and optimizing the security of high-profile smart card programs worldwide, with special expertise on the unique security and quality considerations surrounding multi-application smart card technology.

Martin Kearsley, Senior Vice President and Managing Director of Datacard’s Software and Solutions Division said, “As smart cards are now emerging as the preferred platform for financial transactions and virtual identity, demand for Datacard solutions has grown significantly. This has led to growth within our team of smart card specialists and support staff in order to meet the demands of the market.”

“Our new, larger facility will give us even greater capacity to meet the current and future demands of high-profile smart card issuers worldwide,” Kearsley added.

About Datacard Group

Datacard Group provides financial institutions, corporations, consumer marketers, governments, schools, healthcare providers, service bureaus and other enterprises with the software, systems and professional services they need to build successful card programs. The company’s solutions portfolio includes the world’s best-selling smart card software and card issuance systems, as well as a complete line of digital identity systems. Consultative services include a smart card chip security laboratory that works with the world’s leading smart card issuers. DataCard Corporation, doing business as Datacard Group, is privately held and based in Minnetonka, Minn. Datacard Group serves customers in more than 200 countries.