TSYS 2Q/01

TSYS reported net income for the second quarter of $26.0 million on revenues of $162.5 million compared to net income of $24.3 million on revenues of $150.5 million for 2Q/00. TSYS’ revenues do not include Vital Processing Services revenues. Bank card processing revenues for 2q/01 were $141.1 million, an 11.9% increase over last year. TSYS currently has 202.1 million accounts on file. During the second quarter, TSYS entered the EBT arena with the signing of a multi-year agreement with Lockheed Martin IMS to provide transaction processing, settlement and recipient call center services to meet Lockheed’s EBT needs. Internationally, TSYS is processing about 23 million accounts on file, is awaiting the last portion of the Royal Bank of Scotland’s portfolio conversion to be completed this quarter. For complete current and historical data on TSYS visit CardData ([www.carddata.com][1]).

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

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ASB TRANSACTION PROCESSING

S2 Systems, Inc., a global provider of transaction processing, authorization and integrated solutions for the banking and financial services market, announced a joint initiative with ASB BANK to introduce an enhanced system for managing banking transactions.

The open architecture switching solution enables ASB BANK to expand service delivery, improve customer service, and significantly reduce the cost and complexity of transaction processing services. This implementation is the first of its kind in New Zealand.

The decision of ASB BANK to transition from proprietary systems to S2’s OpeN/2(TM) solution for Windows(R) sets a new price/performance and ROI benchmark in the banking and financial services sector. It also enables the bank to maintain high availability for its payments based transaction network and broaden its delivery channels — which in consumer terms translates into real-time transactions round the clock and expanded services. ASB BANK aims to sustain its position as New Zealand’s pre-eminent retail bank with the introduction of this system.

“ASB BANK customers expect us to be at the forefront of introducing advanced, interactive electronic banking and self-service applications,” stated Clayton Wakefield, ASB BANK’s Group General Manager Technology and Operations. “We’re introducing a number of significant technology innovations to our banking service and product range, so we need our system to be able to handle a large volume of transactions at peak times with no disruption to the customer. S2’s system allows us to do that.”

S2’s OpeN/2 solution for ASB BANK enables a higher level of ATM management, interchange and reciprocity transaction switching as well as stand-in capabilities during periods where the mainframe server is offline. The OpeN/2 solution is built to support transactions through ATMs and EFTPOS devices, as well as Internet, wireless and other emerging technologies, connected by open or proprietary networks.

“Our collaboration with ASB BANK sets an important precedent in New Zealand and validates S2’s next generation transaction processing solutions for banking and financial services,” said Stephen Clark, president and CEO of S2 Systems. “We expect this key implementation to precipitate a sea change in the region, with respect to open standards-based technology, and to encourage broader adoption of OpeN/2 as the global solution of choice for open architecture transaction processing.”

The bank’s implementation of S2’s OpeN/2 engine operating on Windows(R) servers will enable ASB BANK to handle peak transaction volumes with greater duration, speed, reliability, and scalability than existing proprietary systems.

“The ASB BANK project team worked hard to implement this system,” said Clayton Wakefield. “Since going live, we are pleased with performance. Additionally we are now testing against the critical benchmark of 99.995% availability for our key transaction network. This translates into optimal availability for our 24×7 business operations, enabling us to expand customer service, and differentiate ourselves by increasing the ways our customers can do their banking electronically.”

ASB BANK’s transition to open architecture allows it to utilise the power of Intel(R) state-of-the-art chip technology in its servers for easy access of relational databases, lower hardware costs, comparatively high throughput, and maximum availability. In addition, deployment of OpeN/2 in Microsoft(R) Windows NT(R) enables performance optimization, and scalability can be provided with additional servers, improving speed-to-market in the delivery of new services.

In the banking and financial services industry, it is critical to maintain high availability of ATMs and EFTPOS networks. Seventy-five percent of ASB BANK’s online transactions — handled by its payment gateway — are ATM and EFTPOS transactions. According to a report published by the Strategic Research Corporation last year, system outages can result in an estimated hourly loss of US$14,500 (NZ$35,740) in ATM fees.

About ASB BANK

ASB BANK is a full service, nationally operating bank with more than 115 branches and 300 ATMs throughout New Zealand. ASB is New Zealand’s pre-eminent retail bank and is well known for its practical application of leading-edge technology. The Bank offers retail, Internet, corporate and international banking, trading finance and investment services. ASB BANK has provided over 150 years of service to New Zealand and has been in the forefront of introducing advanced, interactive electronic banking and self-service technology. Fastnet internet banking, Bank Direct’s Net Direct and ASB Securities’ online discount sharetrading are the most popular online financial services offered by ASB Group. Visit the Bank’s web site at www.asbbank.co.nz

About S2 Systems

S2 Systems, Inc. is a leading global provider of e-business solutions for the banking, financial services, retail and travel & hospitality industries. For more than 18 years, some of the world’s largest organizations have relied on S2 products to drive their high-volume e-commerce transactions. Today, our leading-edge technology enables businesses worldwide to implement Web-based initiatives that improve operational efficiency, enhance customer service and generate new revenue streams. S2 Systems is headquartered in Dallas, Texas and has offices in Atlanta, London, Paris, Maarssen, Stockholm, Dubai, Riyadh, Hong Kong, Beijing, Melbourne, and Sydney. For more information about S2 Systems, visit its Web site at www.s2systems.com

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KING CERTIFIED

KING Products Inc. announced today that
its new release of King Payment Server software has received
certification from Vital Processing Services to process credit card
transactions in the USA using VISA II protocol.

KPS consists of a suite of modules designed to link a network of kiosks
via the public Internet, and communicate with the Vital processors by a
private Frame Relay circuit. The new release of KPS provides merchants with a
rich set of payment administration tools which include, among others, real
time authorization, capturing and batching settlements of Visa, Master Card,
Amex and Discover credit cards, transaction reporting, voiding of
transactions, and credit refund of settled transactions.

The Vital(R) certification will allow all Kingnet(TM) customers to extend
their means of online payments to various types of credit and loyalty cards at
a very competitive price. KING confirms its commitment to develop the most
comprehensive and powerful software platform for interactive multimedia kiosks
and public access terminals.

KING is a world leader in providing access to the Internet and online
services from public areas. Using interactive multimedia terminals and
payphones, KING provides effective and convenient interactive multimedia
solutions for businesses wanting to connect the public to Internet,
e-commerce, telecommunications, advertising and online services. KING, based
in the Toronto area, has sales representation in New York, France, Denmark and
Hong Kong.

KING is a member of the Ascom Group. Ascom is an internationally active
Swiss telecommunications, service automation and energy systems group, with
more than 10,000 employees worldwide and revenues of CHF 3 billion. Ascom
concentrates on providing innovative products, systems and solutions “for
enabling e-business” that are aimed at telecoms operators, service providers,
postal and banking services, operators of infrastructures, businesses and the
home user. The main markets are Europe, Asia, North America and Latin America.

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EASYPARK EXPANDS

EasyPark Ltd., a subsidiary of OTI announced that it has signed an agreement with Ahuzat Hahof, which manages the parking solution on behalf of the City of Tel Aviv, the largest metropolis in Israel, to expand the EasyPark program in Tel Aviv to include parking payment for parking lots and to implement a complementary system utilizing a SmartID Sticker to manage vehicle registration and parking permits. As a part of the agreement, the City of Tel Aviv will launch an aggressive marketing and promotion campaign to promote the use of EasyPark and SmartID Stickers.

Ahuzat Hahof has already placed an order for an additional 10,000 EasyPark cards and 10,000 new vehicle registration stickers to support this endeavor. As a part of the agreement, further space on the multi-application EasyPark smart card has been allocated for additional municipal services.

“We are excited by the opportunity to present the EasyPark solution in our parking lots, and street parking for the City of Tel Aviv,” said Jacob Meir, General Manager of Ahuzat Hahof. “We expect that the solution will be installed in every vehicle in the City, either through the SmartID Sticker or the EasyPark card, allowing residents to park either in the street or at a parking lot. We expect to distribute SmartID Stickers for 100,000 vehicles and at least 50,000 EasyPark cards by the end of the year.”

EasyPark utilizes OTI’s award-winning contactless smart card technology as the foundation for the easy-to-use cards. Drivers need only to turn the card on, indicate the correct city and zone codes, and display it within their vehicle. Turning the card off upon returning to the car, the driver is charged only for the actual parking time an efficient improvement over the existing parking system. The same e-cash value used for on-street parking payment will now be accepted at private parking lots. The card is simply presented at the gate when entering or exiting a parking lot. An entry time stamp recorded on the card is compared with the exit time automatically debiting the card only for the exact amount of time within the parking lot.

SmartID Stickers are permanently attached to the windshield of the vehicle, containing an OTI smart card chip with the vehicle’s current registration information as well as specific parking permits. For example, a Tel Aviv resident with a neighborhood parking pass is exempt from parking payment in that area, which can be verified by the use of a hand-held contactless smart card reader issued to all parking enforcement officers. SmartID Stickers are updated electronically with status and payment information as needed.

“We at OTI are happy to join forces with Ahuzat Hahof, which is the best partner to introduce a solution providing the ultimate convenience for on- and off-street parking for the citizens of Tel Aviv,” said Oded Bashan, Chairman, President, and CEO of OTI. “This is yet another example of the superiority of the EasyPark solution and its growing success.”

EasyPark is currently used in 27 cities with over 30,000 vehicles installed, and are purchased at a price of $25 each. Cards can be purchased at malls, gasoline stations, and at post offices. Further expansions proposed include toll road payment and other municipal payment options.

About Easy Park

EasyPark Ltd. was established in 1991 as a subsidiary company of OTI, and was selected as the winner of the Israel nationwide electronic parking card project in 1997. Together with Hayun Israeli Computers Ltd., an Israel-based clearinghouse, the company established EasyPark Israel Ltd. to manage the implementation and operation of this nationwide project and provide clearing services for the collected parking fees to the local Israel municipalities.

About OTI

Established in 1990, OTI (On Track Innovations) designs and develops contactless microprocessor based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for mass transit, parking, gas management systems, loyalty schemes, ID and secure campuses. OTI has regional offices in the US, Europe, Asia Pacific, and Africa to market and support its products. The company was awarded the prestigious ESCAT Award for smart card innovation in both 1998 and 2000. Visit OTI on the Internet at www.oti.co.il.

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Miva Now

Miva Corp., the leading provider of e-commerce platforms for channels that target small-to mid-size businesses, Wednesday announced that Humboldt Bank Merchant Services will offer Miva Now instant storefronts to any merchant customer.

This powerful merchant acquisition system significantly reduces the merchant’s time and upfront costs associated with building an e-commerce site. It also offers HBMS a solid opportunity to increase sales of merchant services. HBMS promotes the Miva Now system with a compelling message: “Build your store now, start selling immediately — first 30 days free!”

New merchants connecting to Miva Now from HBMS can register and begin building their storefront in less than five minutes. A HBMS Merchant Account will average one to two days for set up. A small Merchant Account fee will apply. Contact HBMS either online () or via telephone by calling 800/682-0454. Upon successful evaluation, the merchant and their completed storefront are automatically transferred to a paid account with a Miva hosting partner.

“HBMS specializes in providing merchants with high quality, competitively priced credit card processing. Miva Now adds value to these services by helping our customers build their online storefronts quickly and easily and begin processing transactions,” said Jamie Savant, HBMS executive vice president. “Our goal is to reduce the time between creating a new merchant account and processing that merchant’s first transaction. Miva Now speeds this process for our new merchants and also gives our existing customers an effortless way to bring their businesses online.”

The Miva Now instant storefront network is built upon the company’s flagship e-commerce development software, Miva Merchant 4.0, and includes everything the merchant needs to launch a fully operational storefront, including modules for HBMS payment processing services. The new merchant enjoys a completely seamless and automated system that helps them to begin selling.

“We designed Miva Now to help late adopter merchants build their stores quickly and begin selling,” said Robert Hanczor, Miva’s VP of Marketing. “These new merchants understand the opportunities an e-commerce experience can create, but they require an inexpensive, flexible solution that allows them begin selling online. HBMS is the 25th largest merchant acquirer in the country and trusted Miva partner. Together we can reach more merchants, provide instant storefronts, and stimulate recurring transactions.”

The Miva Now program is simple:

— Merchant connects to Miva Now from HBMS Web site.

— Merchant begins selling products immediately at no cost during the evaluation period with Miva Merchant.

— Merchant’s completed storefront is seamlessly transferred to Miva hosting partner’s server upon a evaluation.

“Miva Now is a powerful product for Miva that strengthens relationships with our partners in the financial services industry like HBMS,” said Hanczor.

About Miva Corp.

Founded in 1996, Miva Corp. provides the leading e-commerce platform for channels that target small-to mid-size businesses. These distribution partners are at the forefront of servicing the exploding number of small to mid-size businesses using the Internet to expand their market reach. Channels can easily and quickly integrate the Miva platform of scripting, end-user applications and API with their existing services to deliver complete e-commerce solutions to these businesses. No other e-commerce platform company offers the ease of browser-based point and click, deep-down customizability and the reach to deliver integrated marketing services. For more information on Miva’s products, contact Miva Corp., 5060 Santa Fe Street, San Diego, Calif. 92109. Phone: 858/490-2570, fax: 858/731-4200 or visit Miva’s Web site at .

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PALMERA LEVEL 3

SchlumbergerSema announced that
Palmera Protect, their leading Java smart payment card, has been given
Level 3 approval by Visa International. With this new achievement,
SchlumbergerSema reinforces its leadership position in the financial world,
broadening its product and service offering for all Visa member financial
institutions.

Palmera Protect complies with OP 2.0.1 specifications, which fully support
multi-application schemes centered around core financial applications like
Visa Smart Debit Credit and VisaCash. With its RSA public key cryptographic
features, this card is ready to integrate within a full public key
infrastructure (PKI), as part of an e-commerce or m-banking service, for
example.

Smart cards are no longer simply seen as a more secure replacement for
conventional magnetic stripe technology – they’re the key to exploit new
on-line payment channels in the wired and wireless world. Level 3 approval
sends a clear signal to customers throughout the worldwide banking community
regarding their expectations of exceptionally high levels of transaction
security and maximum flexibility in deploying their service portfolio
through multiple channels.

James Lee, senior vice president, Emerging Technologies, at Visa
International, said, “To gain Level 3 approval card products have to undergo
rigorous testing. We are delighted that this card product has passed all
tests and can now offer a versatile, secure platform to support new payment
channels and innovative services.”

Since introducing the world’s first Java smart card in 1997, Schlumberger
has demonstrated an unbeatable track record in balancing the demands of
security in an open environment. Palmera Protect reflects that unrivalled
expertise; it is the cornerstone of a complete multi-application smart card
migration and upgrade solution that includes a software development kit,
applications, a range of ready-to-use applets, a tailored training program,
technical support, project management, consulting and integration services.

Palmera Protect conforms to the Java Card 2.1.1 and Visa Open Platform 2.0.1
specifications, which maximises return on investment in the smart payment
infrastructure.

About SchlumbergerSema

SchlumbergerSema is a leading information technology services company
providing IT consulting, systems integration, managed services, products and
IP network security solutions serving the telecommunications, utility,
finance, transport, oil and gas and public sector markets. With more than
30,000 employees in 130 countries, SchlumbergerSema is one of two business
segments of Schlumberger Limited, a global technology services company.
Schlumberger Limited acquired Sema plc in April 2001. In 2000, Schlumberger
revenue was $9.6 billion and Sema plc revenue was $2.4 billion. Additional
information is available at www.slb.com.

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Palmera Level 3

SchlumbergerSema announced that Palmera Protect, their leading Java smart payment card, has been given Level 3 approval by Visa International. With this new achievement, SchlumbergerSema reinforces its leadership position in the financial world, broadening its product and service offering for all Visa member financial institutions.

Palmera Protect complies with OP 2.0.1 specifications, which fully support multi-application schemes centered around core financial applications like Visa Smart Debit Credit and VisaCash. With its RSA public key cryptographic features, this card is ready to integrate within a full public key infrastructure (PKI), as part of an e-commerce or m-banking service, for example.

Smart cards are no longer simply seen as a more secure replacement for conventional magnetic stripe technology – they’re the key to exploit new on-line payment channels in the wired and wireless world. Level 3 approval sends a clear signal to customers throughout the worldwide banking community regarding their expectations of exceptionally high levels of transaction security and maximum flexibility in deploying their service portfolio through multiple channels.

James Lee, senior vice president, Emerging Technologies, at Visa International, said, “To gain Level 3 approval card products have to undergo rigorous testing. We are delighted that this card product has passed all tests and can now offer a versatile, secure platform to support new payment channels and innovative services.”

Since introducing the world’s first Java smart card in 1997, Schlumberger has demonstrated an unbeatable track record in balancing the demands of security in an open environment. Palmera Protect reflects that unrivalled expertise; it is the cornerstone of a complete multi-application smart card migration and upgrade solution that includes a software development kit, applications, a range of ready-to-use applets, a tailored training program, technical support, project management, consulting and integration services.

Palmera Protect conforms to the Java Card 2.1.1 and Visa Open Platform 2.0.1 specifications, which maximises return on investment in the smart payment infrastructure.

Palmera Protect is a trademark of Schlumberger and belongs to the Java-based Cyberflex range.

About SchlumbergerSema

SchlumbergerSema is a leading information technology services company providing IT consulting, systems integration, managed services, products and IP network security solutions serving the telecommunications, utility, finance, transport, oil and gas and public sector markets. With more than 30,000 employees in 130 countries, SchlumbergerSema is one of two business segments of Schlumberger Limited, a global technology services company. Schlumberger Limited acquired Sema plc in April 2001. In 2000, Schlumberger revenue was $9.6 billion and Sema plc revenue was $2.4 billion. Additional information is available at [www.slb.com][1].

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

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PREPAID CARD CO

DataWave Systems Inc. announced it has completed the acquisition from AT&T Corp, Basking Ridge NJ, of its Canadian Prepaid Card operations.

The business (previously known as AT&T Prepaid Card Company) has been renamed DataWave Prepaid Card Company. The company will continue to operate from its Burlington premises, and will provide prepaid calling card services under the SmarTel, Easy Caller and AT&T brands.

About DataWave (http//www.datawave.ca)

DataWave Systems designs, develops, produces, owns and manages a proprietary, intelligent, automated direct-merchandising network, comprised of free-standing intelligent machines (DTMs) and over the counter “swipe” units (OTCs) connected to the gateway and database software through a wireless and/or landline wide area network. This unique leading-edge technology provides for point-of-sale activation, cash/credit card acceptance, detailed reporting and 24/7 remote self-diagnostic troubleshooting, making it virtually maintenance-free. The Company has proven enabling technologies that have allowed it to enter new markets and generate additional revenue streams with innovative prepaid and financial services products. In addition to its successful prepaid calling card business, the company is testing the distribution of the Michigan National Bank Prepaid MasterCard together with Coinstar.

DataWave is now poised to capitalize on the flexibility of its System by augmenting its product range to meet the diversified and changing needs of the prepaid market and in further developing strategic partnerships.

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Clickshare Platform

Clickshare Service Corp. named former eZiba and Lycos executive Jeffrey Vander Clute to the newly created position of chief operating officer, and announced two other appointments.

“These changes allow us to gear up for a surge in demand for our digital-content transaction platform,” said Nell Fields, Clickshare president. “We now have in place the talent and experience required for rapid installation and deployment of the Clickshare service to newspapers, content portals, music, premium-content and wireless providers.”

Separately today, Clickshare also announced adoptions of its Internet transaction platform by China Online, uclick, and HomeTips.com (see separate releases).

Vander Clute moves from vice-president/strategic relationships to chief operating officer, and is based at Clickshare’s Williamstown technical center. Clickshare also announced the promotion of Richard A. Lerner the newly created position of chief technology officer, and Luis O’Shea to vice president-software development. “These appointments flesh out our senior management team at a time when we are fielding unprecedented demand for our services and for our advice about how to get paid for content on the Web,” added Fields. Prior to joining Clickshare, Vander Clute, 27, was vice president of information systems at eZiba.com, where he was responsible for systems infrastructure, back-office integration, and Oracle development. Through May 1999, Vander Clute was global operations manager at Lycos Inc., now Terra Lycos Inc., responsible for both product releases and business development, handling strategic relationships with Bertelsmann A.G., and other partners. Vander Clute was one of the first 10 employees of Tripod Inc., the web-community builder acquired by Lycos in 1998 for $58-million in stock. >From 1996-1998 he was director of Internet technology at Tripod, built the “homepage builder” engine for the 2-million-user Tripod site and managed a multi-disciplined engineering team. Lerner, 40, Clickshare’s principal technology strategist and architect, has over 15 years of experience in developing large, distributed, network applications. Since receiving his Ph.D. in computer science from Carnegie Mellon University, Dr. Lerner has been project manager and technical lead on numerous projects at Amerinex Applied Imaging, Inc. (AAI). Earlier, he worked in the high-energy physics laboratory at the former Bell Laboratories. He is expert at concurrent and distributed systems, Internet applications, software engineering, and graphical user interfaces.

O’Shea, 31, who moves up from a role as principal software engineer, joined Clickshare from Avacet Inc., a pioneer in open-source e-commerce software now powering eZiba.com. Prior to that, O’Shea was a telecommunications consultant with McKinsey & Co., in Madrid. He holds a Ph.D. in mathematics from Cornell University in differential geometry and an undergraduate degree from University College Dublin in math and physics. Three adoptions, also announced today, highlight the range of applications for the Clickshare service:

— HomeTips.com will use the Clickshare service to make available expert, unbiased buyer’s guides and helpful reports, for $3 apiece;

— uclick (www.uclick.com) will offer premium content, including comics, editorial features, games and puzzles, advice columns, horoscopes, financial features, and more. uclick, a division of Andrews McMeel Universal, is the largest packager and distributor of comics and word games on the Web;

— and finally, Internet users needing fast, comprehensive coverage of the world’s largest emerging business market can now obtain it by the click or by subscription from ChinaOnline.com. The service includes news reports, research and market analyses from over 150 sources in one location.

About Clickshare

The Clickshare Service(TM) is an Internet transaction infrastructure for privacy-protected purchasing of text, music, video, software, and other products and services. It allows a consumer to have one account at a most-trusted website and buy from other websites without having to pass around a credit-card number, register or give out personal information. To gateway to the service, Clickshare has established http://sites.clickshare.com. Clickshare’s clients include Knight Ridder/Tribune Business News, Comtex News Network Inc., Hometips, uclick, China Online, the Corpus Christi (Texas) Caller Times, Foster’s Daily Democrat (Dover, N.H.), the Concord (N.H.) Monitor, the Sioux City (Iowa) Journal, the Lawrence (Ks.) Journal-World, Cineman Syndicate and others. Clickshare maintains engineering and administrative offices in Williamstown, Mass., and Portland, Maine. Its investors include Sawgrass Seacoast Investors LLC and private individuals, including founding executives of PeopleSoft Inc., and the former publisher of the Philadelphia Inquirer and Chicago Sun-Times. Its executives, board and advisors include veterans of the publishing and credit-card industries.

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MULTI READER

ZeitControl CardSystems GmbH has introduced a ‘Multi Reader’ which enables
the reading and writing of RFID transponders. The new reader offers three
modules including the basic reader, a ‘Multi Reader Mifare’, and a ‘Multi
Reader I-Code’ module. Desktop casings can be provided as well as OEM
circuit board. Typical applications are ticketing, time attendance,
production data collection, access control, and inventory-ID.

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CardData 2Q/01

Sub-prime issuers continue to lead the pack in growth during the second quarter. SD-based First Premier Bank’s receivables soared by nearly 58%, while OR-based First Consumers Bank watched receivables grow by more than 46%, over the past twelve months. Meanwhile USAA and AL-based Compass Bank has reported above average gains while MO-based Commerce has experienced a decline, according to the 2Q/01 Portfolio Survey by CardData.

2Q/01 PORTFOLIO DATA
ISSUER 2Q/01 RECV 2Q/00 RECV CHANGE
USAA FSB $4,981,558,621 $4,400,000,000 +13.2%
First Consumers $1,187,602,700 $ 811,049,147 +46.5%
Commerce (MO) $ 479,791,111 $ 495,701,533 – 3.0%
First Premier $ 445,666,393 $ 283,471,082 +57.6%
Compass $ 390,744,997 $ 329,212,094 +18.8%

ISSUER 2Q/01 ACTIVES 2Q/00 ACTIVES CHANGE
USAA FSB 1,981,373 1,700,000 +16.5%
First Consumers 1,009,090 679,344 +48.6%
Commerce (MO) 277,549 303,527 – 8.6%
First Premier 1,473,713 925,583 +59.2%
Compass 122,100 110,792 + 9.9%
Source: CardData (www.carddata.com)

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ABC 2Q/01

The Agricultural Bank of China reported it has issued nearly 13 million banking cards in the first six months of this year. The bank reported a profit of 1.561 billion yuan for the first half of 2001, it’s first profit in five years. Bank deposits increased by 164.3 billion yuan this year and loans in Renminbi increased by 111.6 billion yuan over the same period in 2000.

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