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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FUSA 2Q/01

First USA reported this morning that due to lower interest rates, its net interest income hit $1.5 billion during the second quarter, a $67 million increase, or 5%, over the first quarter. The Bank One subsidiary also says second quarter net income skyrocketed to $193 million, up $80 million, or 71%, from the year-ago quarter. FUSA noted that its second quarter results represented a 1.97% pre-tax return on outstandings, up from 1.46% in the prior quarter. However, end of period managed loans declined to $63.0 billion. The issuer opened 1 million new accounts during the quarter, up 21% and 29% from the year-ago and first quarters, respectively. At mid-year, 50.4 million cards were issued down more than four million from 2Q/00. The 2Q/01 managed charge-off rate increased to 6.09% from 5.44% over the same time period, reflecting the impact of both lower average outstandings and higher net charge-offs. The managed 30-day and 90-day delinquency rates were 4.10% and 1.78%, respectively, up from 3.83% and 1.69% in the year-ago quarter but down from 4.33% and 2.02% in the first quarter. For complete current and historical details on the Bank One/First USA credit card portfolio visit CardData ([www.carddata.com][1]).

FIRST USA TRACK RECORD
2Q/01 1Q/01 4Q/00 3Q/00 2Q/00
EOP RECV: $63.0b 64.0 67.0 65.9 66.3
Q VOL: $34.4b 32.5 37.1 34.6 36.8
CARDS: 50.4m 50.6 51.7 53.7 54.7
CHG-OFFS 6.09% 5.81% 5.41% 5.03% 5.44%
DEL (30+dy) 4.10% 4.33% 4.51% 4.14% 3.83%
Source: CardData (www.carddata.com)

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

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Bankruptcy Reform

The U.S. Senate will begin three hours of debate this morning and then vote on whether or not to invoke cloture on a procedural motion that would allow a conference committee to be convened on bankruptcy reform legislation. The motion is expected to pass by an significant majority at noon today. Senate Majority Leader Tom Daschle (D-S.D.) indicated Monday he plans to name conferences later today. The U.S. House is expected to name its conferees after the Senate approves the motion to go to conference. Reportedly, House Judiciary Chairman James Sensenbrenner (R-Wis.) is expected to chair the bankruptcy conference committee. President Bush has previously indicated he will most likely sign the bankruptcy reform legislation although he is firmly opposed to limits on the homestead exemption.

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Golden 1 Online

Corillian Corp., a leading global provider of eFinance solutions, announced that The Golden 1 Credit Union, a $3.4 billion credit union based in Sacramento, Calif., has signed up for Corillian’s Voyager Special Edition as the platform for its “Golden 1 Online” Internet banking service.

Voyager SE, which will be hosted in Corillian’s state-of-the-art data center, will replace the existing Digital Insight platform and will provide The Golden 1’s more than 400,000 members with enhanced Internet banking and bill payment capabilities. Voyager SE will also provide members with real-time access to their financial information through personal financial management software programs like Microsoft(R) Money and Intuit’s Quicken(R). Voyager SE’s implementation will provide The Golden 1 with hardware and software specifically dedicated to their needs. These dedicated servers provide The Golden 1 with a built-in “path to control,” which means that as technical expertise, product offerings and the member-base grow, The Golden 1 will have the ability to migrate the Voyager platform from the Corillian data center and manage their Internet finance solution in-house. Voyager SE services include Internet banking, bill payment, customer relationship management functions, and integration with the Open Financial Exchange (OFX) data standard to allow customers real-time access to their financial information through personal finance management software. Hosted in Corillian’s state-of-the-art data center, Corillian’s trained staff of technical support professionals perform daily monitoring and maintenance of the Voyager SE platform, 24 hours a day, 7 days a week.

“Corillian is committed to providing innovative solutions to financial institutions looking for next-generation eFinance applications,” said Alex Hart, president of Corillian. “Our Voyager SE service is a prime example of the need for financial institutions to have flexibility and control over the strategic investments they are making in the Internet.”

About Corillian

Based in Oregon, and with international offices in Europe, Asia and Australia, Corillian Corporation is an award-winning provider of eFinance-enabling software for the financial services industry. Built on the Microsoft Windows 2000 platform, Corillian applications support Internet banking, bill delivery and payment, brokerage, customer relationship management, enhanced data aggregation, and small business transactions. Voyager can be deployed on-site at the financial firm or in the state-of-the-art Corillian Data Center. Corillian technology also enables Open Financial Exchange (OFX) access by finance management software packages such as Quicken(R), QuickBooks(R) and Microsoft(R) Money. For more information about Corillian Corporation, visit our Web site at [www.corillian.com][1].

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

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Billserv Growth

Billserv, Inc. has sealed a deal to provide EBPP services for seven Time Warner Cable operating divisions through a national preferred electronic billing provider contract. The multi-year contracts involve Time Warner affiliates representing a combined base of approximately 2,750,000 subscribers. Billserv enables each company to custom select a billing model, including giving customers the ability to view and pay their bills directly on the company’s Web site, at a variety of front-ends such as banks, portals and billing aggregation sites, or a combination of the two. Billserv now has 42 biller relationships contracted representing 84 billers. Of the 84 billers, 60 are in a production environment stage with the remaining 24 in various stages of implementation.

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