2Q/01 Card Volume

At mid-year, bank credit card charge volume grew at an annual rate of 14%. At year end 2000, U.S. charge volume increased 13.2% over the previous year. The steady growth in card spending adds further confusion to the direction of consumer spending and its effect on the overall economy. Card volume data analysis are generally skewed by the inclusion of business card usage, shifting of cash/check payments to cards, and the continual widening of general acceptance. According to data collected by CardData ([www.carddata.com][1]), MBNA posted a 34%+ increase in volume this year while Wachovia and People’s experienced declines.

YTD VOLUME FOR ISSUERS WITH $1 BILLION+ RECEIVABLES
(Jan-Jun 2001; $ billions)
ISSUER 2Q/00 2Q/01 CHNG
1. Citibank $90.7 $106.8 +17.8%
2. MBNA $49.9 $ 67.0 +34.3%
3. Discover $45.4 $ 47.9 + 4.8%
4. Chase $27.3 $ 33.9 +24.2%
5. AmEx $106.4 $114.4 + 7.5%
6. BofA $ 25.3 $ 29.4 +16.2%
7. Household $ 15.7 $ 16.6 + 5.7%
8. Fleet $ 10.0 $ 9.8 – 2.0%
9. Wachovia $ 4.7 $ 4.4 – 6.4%
10. Wells Fargo $ 4.1 $ 5.4 +31.7%
11. USAA FSB $ 5.3 $ 5.6 + 5.7%
12. Frst Natl NE $ 2.3 $ 2.9 +26.1%
13. People’s $ 3.0 $ 2.4 -20.0%
14. Natl City $ 2.1 $ 2.2 + 4.8%
TOTAL $392.2 $448.7 +14.4%
Source: CardData (www.carddata.com)

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

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OPC Reaches Out

Official Payments Corp announced this morning it has entered the new business of accepting court-ordered child support payments by credit card over the Internet or by telephone. OPC, the nation’s leading provider of tax payment options via credit cards, signed a service agreement with Monterey County, CA to begin providing child support payment options next month.There are over 200,000 child support payments made annually to the Monterey County Department of Child Support Services. OPC 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. Last year, Official Payments collected and processed over $925 million in federal, state and local government payments. The company captured 87% of all of the $711 million of taxes paid to the IRS by credit card during the April tax season. OPC’s only direct competitor is PhoneCharge. OPC accepts the American Express Card, MasterCard and the Discover Card for all payments. However the VISA card may only be used municipal and local payments, and not IRS payments. OPC charges cardholders a fee of approximately 2.5% to process transactions. (CF Library 7/26/01)

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Gold Sprocket

PayStar Corporation, the nation’s leader in providing content based Internet kiosks, cashless ATM devices, prepaid telecom services and wireless banking services and iCatcher Network, Inc. of Baltimore, Maryland, a kiosk software solutions provider for the retail sector, have agreed to work together in developing certain modular applications to PayStar’s “Gold Sprocket(TM)” Internet kiosk software, which is already regarded as one of the most robust solutions in the pay-per-use space. This announcement comes at the heels of PayStar’s decision to purchase iCatcher’s nearly 200 Internet kiosks, adding approximately $2,000,000 in annual revenue for PayStar.

“We are excited about the possibility of adding revenue generating applications for PayStar’s Consumer Services division, the largest network of Internet kiosks in the world,” announced Pat Kelly, Co-Founder and Director of iCatcher Network, Inc. “This relationship will prove iCatcher’s strength in developing modular Internet kiosk software applications that can reside on top of existing platforms, a key to expanding the market for us and our partner companies,” added John Shin, who joined the PayStar Consumer Services team as Vice President and will remain on iCatcher Network’s Board.

iCatcher, which operated free to use Internet kiosks located in high profile locations prior to the sale of its kiosks to PayStar, now focuses on providing software solutions for retailers and media companies that have incorporated kiosks as a public utility in their overall marketing and cost-cutting strategies.

PayStar CEO, William D. Yotty stated, “One of the underlying reasons we decided to accelerate our efforts in purchasing iCatcher’s Internet kiosk assets was for the strategic purpose of gaining access to iCatcher’s talented team of engineers as we strive to stay two steps ahead of our competition.”

About PayStar

PayStar Corporation, a premier global distributor of telephony and financial services, provides its customers with an array of enabling devices. PayStar is comprised of three fully integrated divisions: Commercial Telephony Switch Services, Consumer Internet and Telephony Products including prepaid cards, and Consumer Services providing service and maintenance of Cashless ATMs (CTMs), payphones and Internet enabled kiosks. PayStar is the location services provider (LSP) to retail merchants and is considered a “carriers carrier” for wholesale telecom services worldwide. Success is driven by internal sales and mergers and acquisitions. PayStar’s global strategy centers on expanding its network of thousands of merchant locations that utilize its enabling devices.

About iCatcher Network

iCatcher’s patent-pending technology delivers web-based content, services and applications to a broad range of customer-activated devices including not only kiosks, but also managed PCs and ATMs. Retailers, financial institutions, and other businesses looking to maximize their investments in e-commerce and customer relationship management programs to bring these critical assets closer to their target audience through the storefront, branch office or other public spaces.

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GiftCertificates Board

GiftCertificates.com, the leading provider of gift certificates and related services for corporate clients and consumers, recently announced the appointment of four new board members, including Robert J. Mylod as the chairman of the board. In addition, GiftCertificates.com Chief Executive Officer Michael Ahern, William R. Berkley, Jr., and Michael Gamzon joined current board members William Ackman, Richard Marcus, and Paul Morrison.

Mylod is the former chairman and chief executive officer of Michigan National Corporation, a Michigan-based bank holding company. Previously, he served as president and chief operating officer of the Federal National Mortgage Association, president of Advance Mortgage Corporation, and vice president of Citicorp, now Citigroup. Mylod currently serves on the board of directors of eMediaMillworks and Technology Integration Group Services, Inc., and is a former board member of Visa. He is also a trustee of Franciscan University. Mylod is a graduate of St. John’s University and served as an officer in the U.S. Navy.

“GiftCertificates.com is a great company with a terrific business model, and I am delighted to be a part of this board,” Mylod said. “I look forward to working with Michael Ahern and his outstanding team.”

Ahern has been chief executive officer of GiftCertificates.com since October 2000. Previously, he served as the company’s chief operating officer. Ahern co-founded and served as president and chief executive officer of GiftSpot.com, which was acquired by GiftCertificates.com in May 2000. From June 1993 to April 1999, Ahern held various management positions at Microsoft Corporation, most recently serving in an executive position as group product manager for Microsoft Project. Ahern holds a bachelor’s degree in mathematics/computer science from Purdue University.

“We’re excited about the caliber of our board members and the depth of their experience,” Ahern said. “This group will work closely with our management team to continue to build on our past achievements.”

Berkley is president of Berkley International, LLC, and vice president of W.R. Berkley Corporation, a holding company, which he joined in September 1997. Previously, he was an analyst at Merrill Lynch. Berkley is also the director of five W.R. Berkley subsidiaries and serves as an officer or director for several other companies, including Associated Community Bancorp, Inc., Interlaken Capital, Master Protection Holding, Inc., Middlesex Bank and Trust Company, Strategic Distribution, Inc., and Westport National Bank. Berkley holds a bachelor’s degree from Georgetown University.

Gamzon is a principal at SCP Private Equity Partners, L.P. Prior to joining SCP Private Equity Partners, Gamzon worked at Donaldson, Lufkin & Jenrette, most recently as an associate in the DLJ Merchant Banking Partners Group. He also held the position of business analyst, corporate strategic planning at PepsiCo, Inc. Gamzon holds a bachelor’s degree in economics from Yale University and a master’s degree from the Harvard Graduate School of Business Administration.

About GiftCertificates.com

Established in 1997, GiftCertificates.com(TM) is the leading provider of gift certificates and related services for corporate clients and consumers. The Company’s direct sales force has worked with over 5,000 businesses in all major industries to implement gift certificates in their corporate incentive, loyalty and promotional campaigns. The Company’s best-selling product, the SuperCertificate(TM), is a gift certificate that can be redeemed at GiftCertificates.com for original gift certificates to participating merchants. The Company represents hundreds of merchants, including national retailers Bloomingdale’s, Eddie Bauer(R), and Crate and Barrel; luxury retailers Neiman Marcus and Dean & DeLuca; travel-related services American Airlines(R) and Marriott Hotels; service merchants Merry Maids and Terminix; and popular restaurants T.G.I. Fridays, Red Lobster, and McCormick & Schmick’s. Merchant gift certificates and SuperCertificates can be delivered through standard or express mail. Email delivery is also available for SuperCertificates and select merchant gift certificates. For more information, visit [www.GiftCertificates.com][1].

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

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Super Deal

VISA has partnered with the SuperShuttle airport bus service. SuperShuttle will exclusively offer a $3 discount on fares of $15 or more to customers who have a Bank of America US Airways, Bank of America America West Airlines, or Bank of America Alaska Airlines VISA card. The $3 discount coupons will appear in August statements of Bank of America’s co-branded airline VISA cards. Under terms of the agreement, VISA will also receive a preferred status position on the SuperShuttle’s website. SuperShuttle’s vans and ticket counters will display VISA signs. AZ-based SuperShuttle serves 22 airports and carries more than 7 million passengers a year.

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Unlimited Phone Card

ePHONE Telecom, Inc. a global Internet telephony services carrier for businesses and individuals, announced that it has launched an unlimited domestic US pre-paid calling card program.

Initial forecasts for the program, which began enrolling customers in July 2001, estimate the generation of $3.5 Million in revenue before the end of the Fiscal year 2001.

The program enables callers to make unlimited domestic calls within 48 contiguous US states for the monthly price of $54.95. This customer friendly marketing promotion will be marketed to pre-qualified customers who have interest in saving money on their long distance telephone bills, while achieving high quality calling.

The marketing promotion, which officially began carrying traffic recently, routes call traffic through ePHONE’s advanced VOIP network to achieve low cost routing while maintaining high quality of service.

” In addition to providing a unique offering to customers, the Unlimited Program will validate ePHONE’s ability to handle large call volumes at the highest quality levels possible,” added Carmine Taglialatela, company President and CEO. ” This program will drive significant revenues for the company within this fiscal year and will represent one of several core components of our service offering as we enter the growth stage of our business in 2002 and beyond.”

” The ePHONE Unlimited Program offers an extremely appealing value proposition to customers,” commented Michael Han, Chief Strategy Officer for ePHONE. ” The low upfront price combined with the flexibility of the calling card model provides customers with real value for their money and ease of use. The target market for this product is very large and our use of innovative marketing techniques will enable deep market penetration.”

The company has scheduled an open conference call with management for August 22, 2001 at 4:00PM EST. To participate please dial toll-free 1-866-246-6373. The call will be available live on the Internet and can be accessed from the ePHONE web site at [www.ephonetelecom.com][1]. For more information please contact Investor Relations at 1-866-825-3405 or info@ephonetelecom.com.

About ePHONE Telecom

ePHONE Telecom is a global Internet telephony services carrier for businesses and individuals. ePHONE enables long distance calling at competitive prices via local access numbers that connect customers with ePHONE’s network, built on it’s open standards-based Internet Protocol (IP) gateway technology.

Customers can use existing telephone equipment to make voice, fax and data calls to reach any phone or telephony service in the world.

ePHONE’s network expansion, scalable billing solution and support for most standard telecommunications signaling protocols around the world ensure it’s position as a continuously evolving carrier that is able to deliver the new telecommunications services that customers and today’s competitive marketplace require. For more information about ePHONE Telecom, please visit [www.ephonetelecom.com][2].

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

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Princeton Divides

Princeton eCom, a leading provider of electronic billing and payment services, introduced an organizational structure that creates two new business divisions: the Electronic Billing Solutions Division and the Consumer and Payment Solutions Division.

“The new structure provides us with a framework to focus our efforts on our two principal lines of business — billing and payments,” said Curt Welling, Princeton eCom’s CEO. “It will enable us to approach each market aggressively from a sales and product development standpoint and to enhance our product offerings and respond more effectively to customers moving forward.”

Christopher Sugden, the company’s current executive vice president and CFO, has been named executive vice president and CEO of the Electronic Billing Solutions Division. Under Sugden’s direction, the new division will be responsible for sales, marketing, business development and product development efforts involving the company’s business-to-consumer and business-to-business products and services. These include the company’s consumer billing services, bill distribution to Quicken Bill Manager(R) and other consumer end points, as well as the company’s business billing/invoicing services.

Jane Wallace, a former Bank of America executive who has led the company’s Quicken Bill Manager(R) unit since joining Princeton eCom in June, has been named executive vice president and CEO of the Consumer and Payment Solutions Division. The new division now combines the company’s Quicken Bill Manager(R) business and the Pay Anyone services Princeton eCom provides to banks, credit unions, financial institutions, and home banking service provider partners. Under Wallace’s direction, sales, marketing, business development and product development and technology teams will support the company’s existing and future suite of products and services for payments and Quicken Bill Manager(R).

Ronald W. Averett, the company’s president and COO, will continue to oversee Princeton eCom’s corporate organization, which includes technology, finance, operations, corporate communications, legal, and human resources. Averett, Sugden and Wallace will report directly to Welling

The company also announced that Karen Gilhooly, formerly the company’s senior vice president of sales and product management, has been named senior vice president and COO of the Electronic Billing Solutions Division, reporting to Sugden. Colin Kaye, former senior vice president of client services, has been named senior vice president and COO of the Consumer and Payments Division, reporting to Wallace. Kaye had been on a special assignment earlier this year involving the company’s acquisition of Quicken Bill Manager(R) from Intuit.

Sugden joined Princeton eCom in 1999 as the company’s first CFO. Prior to joining Princeton eCom, Sugden was the Director of Finance and Operations for B.Y.O.B. Freedom Ventures (Publisher of P.O.V. and Egg Magazines).

Wallace, formerly Bank of America’s Senior Vice President and Business Manager of Electronic Bill Presentment and Payments, is a noted industry leader and has nearly two decades of payments and e-commerce experience. She currently serves on the NACHA Board of Directors and is the acting Chair for the Council for Electronic Billing and Payment.

Averett joined Princeton eCom in 1999 and brought 20 years of banking and financial services experience to the company. His career includes significant assignments managing both startup and turnaround situations at Chevy Chase Bank, Advanta and Citibank.

Gilhooly joined Princeton eCom in 2000. She has more than 20 years of sales and customer management experience, including senior executive positions with Citibank and Thomas Cook.

Kaye joined Princeton eCom in 1999 and served as Senior Vice President of Client Services. Before joining Princeton eCom, he held management positions with Towers Perrin and Advanta.

ABOUT PRINCETON eCOM:

Princeton eCom, the first company to present a bill on the Internet, provides electronic billing, payment processing, and bill distribution services to consumer and business billers, banks and financial institutions, and personal financial management software customers. Princeton eCom’s comprehensive suite of products and services enable businesses to better manage their billing, accounts receivable and accounts payable functions; extend customer relationships, and allow consumers to access and pay bills electronically at the time and place of their choice online, over the phone, or using a digital phone or personal digital assistant.

Currently, Princeton eCom processes more than 3.5 million payments and presents more than 600,000 bills online per month. Princeton eCom’s distribution network includes the largest personal financial management software (Quicken Bill Manager(R), acquired from Intuit in May 2001), the leading Web portals, Spectrum EBP, MasterCard RPPS, and the leading home banking software providers.

Princeton eCom is a privately held company. Major investors include New Century Equity Holdings Corp. (Nasdaq: NCEH), Mellon Ventures, the private equity partnership of Mellon Financial Corporation (NYSE: MEL), SG Capital Partners LLC, the U.S. merchant banking affiliate of Societe Generale, Bottomline Technologies, Terra Lycos Ventures L.P., a venture capital fund affiliated with Terra Lycos, Inc. (Nasdaq: TRLY), and BT Investment Partners, Inc.

Additional information about Princeton eCom can be obtained at .

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MC TV Guide

Gemstar-TV Guide International Inc., the nation’s premier provider of Interactive Program Guide services, announced the addition of three major national advertisers to its IPG roster. These include MasterCard International, The Clorox Co. and HotJobs.

Gemstar-TV Guide’s IPG services include the TV Guide Interactive system — the on-screen digital cable guide provided to multichannel video programming distributors, and the GUIDE Plus+ system — the on-screen guide built directly into television sets and VCRs. Gemstar-TV Guide’s IPGs currently reach more than 13 million U.S. television households.

“Our overall media sales strategy is to make it easy for clients to do advertising deals across all of Gemstar-TV Guide’s media — TV Guide magazine, TV Guide Channel, tvguide.com and the IPGs. We’ve stated that the road to success in respect to IPG advertising is to solidify a multitude of deals. With the addition of these three major brands, we’re gaining considerable momentum and adding the support of some very savvy marketers,” said Jeffrey Mahl, president of media sales at Gemstar-TV Guide.

Gemstar-TV Guide’s IPGs offer an enhanced television viewing experience that combines comprehensive program listings information with easy-to-use functionality for navigating the 100-plus-channel digital TV universe.

Gemstar-TV Guide’s IPGs provide comprehensive program listings information and descriptions for the broadcast and cable channels received in the home, featuring plot summaries, airtime, ratings, length and other important details to assist in making viewing choices. The listings can be sorted by category, time or channel, and programs can be selected for viewing at the touch of a button or scheduled for future enjoyment.

For advertisers, Gemstar-TV Guide’s IPG products provide a cost- effective means of reaching more than 13 million television households with strong demographics, comprising digital cable subscribers and high-end television purchasers. In an increasingly fragmented television programming space, the Gemstar-TV Guide IPGs occupy the focal point for viewers seeking suggestions and guidance, thereby permitting advertisers to send messages to interested viewers in a receptive mood.

MasterCard International, a leader in innovation in the payments industry, has signed on as the first long-term credit card category advertiser on Gemstar-TV Guide’s IPGs.

“We’re very excited to partner with Gemstar-TV Guide, the industry leader and the only interactive television guide to have reached a critical mass of subscribers,” said Caryl Hahn, vice president, media, MasterCard International. “We believe that our positioning as the payment brand of choice for millions of subscribers creates a strong presence for MasterCard in the emerging T-commerce environment.”

Clorox, a longtime advertiser on the TV Guide Channel, will add the IPG to its TV Guide multimedia ad buy.

Also joining the IPG advertiser collective is HotJobs. Playing on its theory that the anxiety levels of disaffected workers heighten on Sunday night, the online job search company will use the Gemstar-TV Guide IPGs to reach audiences with its messages — before Monday.

According to Mahl: “HotJobs has an innovative outlook on how the television medium can be translated beyond broadcast ads to reach consumers. It also helped HotJobs that our research shows that Interactive Program Guide users in either the digital cable or consumer electronics space are 54 percent more likely than regular TV viewers to have Internet access.” (a)

About Gemstar-TV Guide International Inc.

Gemstar-TV Guide International Inc. is a leading global technology and media company focused on consumer entertainment. The company has three major business sectors: the Technology and Licensing Sector, which is responsible for developing, licensing and protecting the company’s intellectual property and technology — the company’s technology includes the VCR Plus+(R) system, interactive program guide (“IPG”) products and services marketed under the GUIDE Plus+(R) and TV Guide Interactive(SM) brands and the electronic book (“Gemstar eBook(TM)”); the Interactive Platform Sector, which derives recurring income from advertising, interactive services, content sales and e-commerce on the company’s proprietary platforms, including IPG, eBook and tvguide.com; and the Media and Services Sector, which operates the TV Guide(R) magazines, TV Guide Channel(SM), TVG Network(SM) and other television media properties, provides programming and data services, and operates a media sales group that services all of the company’s media properties.

The IPG products are integrated into various devices, including televisions, VCRs and set-top boxes (cable, satellite, telco, Internet) and can display a multiday television program guide on the television screen from which the consumer can view, select, tune to or record programs. The Gemstar eBook is a reading device that can store tens of thousands of pages, and permits a user to purchase and receive instant delivery of any book, magazine or newspaper over a standard telephone line.

The company’s media properties are used by 100 million U.S. homes, and its products and services are available in more than 60 countries worldwide.

The company’s services, technology and intellectual property are licensed to major technology, media and communication companies in the consumer electronics, Internet, personal computer, satellite, cable television and telco industries. Licensees and customers include Adelphia, AOL Time Warner, AT&T, Cablevision, Charter, Comcast, Cox, Matsushita, Microsoft, Mitsubishi, Motorola, Philips, Shaw, Sony, Thomson Multimedia, Zenith and others. The company has more than 170 issued U.S. patents in the general area of audio-visual technologies with more than 4,200 claims and more than 190 issued foreign patents, continues to actively pursue a worldwide intellectual property program, and currently has roughly 300 U.S. and 800 foreign patent applications pending.

For more information, access the corporate Web site at [www.gemstar-tvguideinternational.com][1].

About MasterCard

MasterCard International has a comprehensive portfolio of well- known, widely accepted payment brands, including MasterCard, Cirrus and Maestro. More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards in circulation today. An association composed of more than 20,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard’s award-winning Priceless advertising campaign is now seen in 80 countries and in more than 36 languages, giving the MasterCard brand a truly global reach and scope. With more than 21 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. In 2000, gross dollar volume exceeded US$856 billion. MasterCard can be reached through its World Wide Web site at .

About The Clorox Co.

The Clorox Co., with 11,000 employees worldwide, is a $3.9 billion multinational manufacturer and marketer of household products and products for institutional markets.

About HotJobs.com

HotJobs.com is a leading Internet recruiting solutions company that develops and provides companies with innovative recruiting solutions and services. HotJobs.com (), the company’s popular consumer job board, provides a direct exchange of information between opportunity seekers and employers, and includes features such as HOTBLOCK, which enables job seekers to block specific companies from searching their resumes. In addition, HotJobs also offers an Agency Desktop, which provides a direct, business-to- business exchange between corporate hiring managers and staffing agencies. More than 10,600 companies subscribe to HotJobs’ online employment exchanges. HotJobs also provides employers with progressive recruiting solutions such as its Resumix(R) and Softshoe(R) hiring management software, Career Expos, its HotReach affiliate program, and Diversity Marketing Solutions.

[1]: http://www.gemstar-tvguideinternational.com

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Discover GameDay

Discover® Card is stepping up its commitment to college football fans this season, launching the “Discover Gets You on GameDay Challenge,” a national contest with a grand prize trip to the Rose Bowl and a cameo on ESPN College GameDay bowl edition January 1. The announcement was made today by Ed Erhardt, president, Customer Marketing & Sales, ESPN/ABC Sports and Ashoke Dutt, executive vice president, Discover Financial Services, Inc.

The new two-year agreement, which renews Discover Card’s sponsorship affiliation with GameDay, will feature Discover Card Tailgate, an interactive fan-fest at all GameDay live remotes. This program also provides Discover Card with multi-media exposure on College GameDay and other ESPN/ABC college football platforms including ABC sports game broadcasts and presence on Bowl Championship Series games.

Contestants will log on to ESPN.com each week to pick three marquee games. Every correct prediction is an entry into the sweepstakes. At season’s end, the top 25 finalists will be required to send audition tapes to GameDay producers, who will review each tape. The winner will appear during GameDay’s live bowl edition Jan. 1, 2002 from the Rose Bowl and will make predictions for the BCS games.

“Discover Card’s overall goal is to leverage its media plan and the excitement of ESPN College GameDay to Cardmembers in an impactful way,” said John Birmingham, manager, integrated marketing, Discover Financial Services Inc. “We approached ESPN with a plan that would bring our Cardmembers off the sidelines and into the action. The Discover Card Tailgate and the contest both help extend the program to our Cardmembers nationwide.”

“This agreement exemplifies the value to our clients of integrating different ESPN platforms as marketing vehicles to boost brand affinity with sports fans,” said Erhardt.

Coming off its best season in 2000 and a Sports Emmy nomination, College GameDay with host Chris Fowler and analysts Lee Corso and Kirk Herbstreit will expand to a new 90-minute format beginning this fall.

Highlights of the Discover Card agreement:

* Discover Card Tailgate: Discover Card will provide an on-site promotional truck with a replica of the show’s set at each College GameDay (days leading) live remote. Fans visiting the truck will be able to tape themselves serving as GameDay host/analyst on the set.

* * ABC Sports: Discover Card ads will run on ABC Sports college football remotes and BCS games.

* * ESPN Radio: Discover Card will be a participating sponsor of ESPN Radio GameDay Tour – a series of live remote broadcasts from select game sites.

* * ESPN The Magazine: Will publish Discover Card ads adjacent to college football editorial

* * ESPN.com: Will partner with Discover Card to develop a separate URL for fans

* * Other: The campaign will be featured on other ESPN Inc. football programming including ESPN Classic Friday Night College Football and ESPN Plus College Football Halftime Reports.

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I-GLOBAL BANKER

Global Payments Inc., a leading provider of EDI and Cash Management solutions, announced that RZB Austria
(Raiffeisen ZentralBank Osterreich AG) would be using iGlobal Banker, to power a new Internet Banking service for its
corporate and financial institution customers.

The new system, called RZB F@ST (Financial Accurate and Secure
Transactioning) will be offered to banks in emerging markets which do not have
SWIFT access, especially those banks in Central Eastern Europe (CEE) that have
been using Telex communication for bank transfers and commercial payments.
The banks will be able to send:

* Single Customer Credit Transfers

* Financial Institution Transfers for their own accounts

* General Financial Institution Transfers

Additional features including the Confirmation of Credit, Confirmation of
Debit, Fixed Loan/Deposit Confirmation, Interim Transaction Report and other
customer demands will be added in the future.

RZB selected Global Payments because their experience began more than 30
years ago, when its former parent company, National Data Corporation,
pioneered electronic payment processing. Today, Global Payments combines
leading edge technology with three decades of expertise to offer solutions
that meet the needs of Banks and Multinational Corporations. iGlobal Banker
has a number of exclusive features and functions, including:

* Completely customizable with the ability to interface with RZB
customers’ systems and the banks own back office systems

* Highly secure through the 128 Bit Secure Socket Layer (SSL), and a
variety of digital security (PKI) solutions for a secure, Web-based
banking environment

* Able to process unlimited message formats, including SWIFT and EDIFACT

* Able to support multiple languages, which means in a multi-lingual
country RZB can offer and manage a standard product, which serves all
their customer needs

On May 8, 2001 RZB Austria processed the first payment via the Internet.
By the end of 2001 RZB aims to have 20 banks connected to RZB F@ST, and by the
end of 2002 almost 50 banks of merging countries should be using the product.
It is also planned for Corporate Customers to be using RZB F@ST in 2002, and
approximately 25 new customers are predicted each year after that.

RZB-Austria (Raiffeisen ZentralBank Osterreich AG) is the head institution
of the Austrian Raiffeisen Banking Group, the largest purely Austrian banking
group in terms of consolidated total assets (EUR 97.5 billion — as of 31
December 2000). It represents 25 per cent of all domestic credit business and
comprises the country’s largest banking network with 2,360 offices and 21,000
employees throughout Austria. The Austrian Raiffeisen Banking Group consists
of Raiffeisenbanks on the local level, “Raiffeisenlandesbanken” on the
provincial level and RZB as head institution. Founded in 1927, RZB Austria
provides the full range of commercial and investment banking services, and is
a member of the Unico Banking Group, a co-operation platform of European
cooperative banks.

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

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Wireless Butler

Visitors to New York City’s Bryant Park Hotel will now receive a room key before entering the lobby. Upon the guest’s arrival, a Bryant Park Hotel employee will input the visitor’s information into a Symbol ‘SPT 1740’ handheld computer and verify their room information. The guest simply swipes their credit card through a magnetic stripe reader to automate check-in. The ‘SPT 1740’ communicates with a portable key encoder that creates and outputs the guest’s room key and a portable printer that produces a customer receipt containing the room number and rate information. The technology solution is based on a wireless infrastructure, providing access to all 25 floors of the Bryant, using Symbol’s ‘Spectrum24’ 11 Mbps wireless LAN. The Bryant uses the ‘OPERA Enterprise Solution’, an integrated application suite that enables access to hotel services and customer information over the wireless ‘SPT 1740s’, developed and installed by MICROS-Fidelio.

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TSYS EXECS

International card executive Roger
Van Scoy has been tapped to lead TSYS Europe, the European operations of
TSYS, a global payments processing leader. As Managing
Director, Van Scoy will be responsible for all aspects of TSYS operations in
Europe, and he will lead a senior management team with more than 116 years
combined industry experience. Van Scoy was promoted from Senior Director and
COO to succeed TSYS Managing Director Bruce Bacon who will return to corporate
headquarters to manage the company’s global business development initiatives.

“Much of the credit for the success of our European operations has to be
attributed to Bruce’s leadership. Bruce selected a strong leadership team
that included Roger and was successful in attracting five significant clients
to TSYS in 2000,” said TSYS Chairman of the Board and CEO, Richard W. Ussery.
“I’m confident Bruce is leaving TSYS Europe in very capable hands. Roger has
a wealth of expertise that will complement TSYS Europe and provide valuable
leadership as we continue to work towards our goal for international
operations to contribute 20 percent of the company’s revenues by 2003.”

“TSYS Europe is well poised to serve customers in the cards business
throughout Europe with our flexible, functionality-rich processing platforms
and our highly skilled customer-focused team under Roger’s leadership,” said
former Managing Director Bacon.

According to industry sources, there are a little more than 300 million
credit and debit association-branded cards in the European card market. Of
these, 90-95 million are credit cards. By year-end 2001, it is expected that
TSYS Europe will process between eight to 10 percent of the Visa and
MasterCard-branded credit cards in Western Europe.

The TSYS Europe Executive Management Team

“We have an energized and talented management team with an extraordinary
depth of knowledge focused on the European transactions processing industry,”
said Van Scoy. “I look forward to offering our client-centered TSYS services
throughout the continent and am very pleased with the team and technology we
have in place to help our customers reach their objectives.”

Roger Van Scoy

Van Scoy is a card executive with more than 26 years in the credit card
and transaction processing industry. He has demonstrated leadership and
achievements both domestically and internationally in general management,
contract negotiations, sales, product management, operations management and
client services. While at TSYS Europe, Roger has been responsible for client
services, account management and human resources. Prior to joining TSYS, Van
Scoy worked as a card processor executive in England. Just prior to that, he
managed a processor’s business in the Asia Pacific market. A University of
Texas graduate and former lecturer for the ABA BankCard School, Roger held
leadership positions with First USA, First Fidelity Bank, EDS and First Data
Corporation.

TSYS further strengthened its leadership team by assigning two card
industry executives to new posts: Senior Director of Operations and Business
Support and Senior Director of Business Expansion.

Senior Director of Operations and Business Support: Lester Pulsford
A 29-year card industry veteran, Lester Pulsford, Senior Director of
Operations and Business Support, manages the TSYS Europe Data Center and
client services. Formerly employed with National Westminster Bank PLC,
Pulsford specializes in data center environmental, operational and technical
management. In addition, he is experienced in the administration and
development of financial IT systems including smart card technology.

Senior Director of Business Expansion: Bob Evans

As Senior Director of Business Expansion, Bob Evans is responsible for
directing sales and consulting activities at TSYS Europe in addition to
business development strategy. Formerly with DMR Consulting where he led the
UK Financial Services Practice, Evans also worked with Lloyds Bank, serving on
the Cards Executive Team and representing Lloyds at scheme and industry
forums. He joined TSYS Europe in December 2000 and brings more than 10 years
cards experience to the organization.

About TSYS:

TSYS brings integrity and innovation to the world of electronic payments.
TSYS serves as the integral link between buyers and sellers in the rapidly
evolving universe of electronic payments. With more than 200 million accounts
on file, TSYS makes it possible for millions of consumers to use their credit,
debit, stored value, commercial, chip and retail cards anytime, anywhere
through any medium or portal. TSYS offers a full range of acquiring and
issuing services from accepting electronic payments for goods and services, to
credit applications, collections and bankruptcy. Based in Columbus, Ga., TSYS
(NYSE: TSS) (http://www.tsys.com ) processes for 23 countries in 14 currencies and
four languages and maintains operations in Canada, Mexico, Japan and the
United Kingdom. TSYS is an 80.8 percent-owned subsidiary of Synovus Financial
Corp. (NYSE: SNV) (http://www.synovus.com), No. 8 on FORTUNE magazine’s list of “The
100 Best Companies To Work For” in 2001. For more information, contact
news@tsys.com .

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