Coinstar Board

Coinstar Inc. announced the nomination of Keith Grinstein, Fran Conley and Ronald Woodard to its board of directors, as well as a new date for its annual meeting.

The three nominees would replace Robert O. Aders, William D. Ruckelshaus and Coinstar founder and chairman Jens Molbak, whose terms expire this year.

“Over the past eleven years, I have enjoyed building Coinstar into a vibrant company,” said Coinstar chairman Jens Molbak. “Going forward, I have made a personal decision to spend more time with my family. The current management team has done a tremendous job running the business since I stepped down as CEO more than a year ago. Coinstar has a bright future with exciting growth opportunities and I look forward to continuing to serve Coinstar as a consultant.”

Mr. Molbak has decided to step down as chairman effective June 20, at which time board member Ronald A. Weinstein will assume the role of chairman.

The nominees would bring a strong and diverse mix of experience to Coinstar’s board. Mr. Grinstein is vice chairman of Nextel International. He is also a partner at two Seattle-based venture capital companies, Second Avenue Partners and Madrona Investments. His past experience includes work at AT&T Wireless Services (formerly McCaw Communications), where he served as president and CEO of the Aviation Communications Division. Mr. Grinstein currently serves on the board of directors for several public and private companies including The Ackerley Group, Car Toys, F5 Networks, Nextel International, and Terabeam.

Ms. Conley is founder and president of Roanoke Capital, a financial consulting firm, and a general partner of Roanoke Investors Limited Partnership. Prior to founding Roanoke Capital in 1982, Ms. Conley held a variety of positions at Rainier National Bank, including senior vice president and chief administrative officer of the bank’s Washington Division. She currently serves as a director for REI and Cutter & Buck.

Mr. Woodard is president and CEO of MagnaDrive Corporation. Mr. Woodard co-founded MagnaDrive after a 32-year career with the Boeing Company where he held numerous positions including president of the Boeing Commercial Airplane Group. He currently serves on the board of directors for Atlas Air. “Coinstar’s board of directors is looking forward to adding this new talent to its board,” continued Molbak. “At the same time, I’d like to thank Bob Aders and Bill Ruckelshaus for their superb service to Coinstar.” Coinstar’s annual meeting has been rescheduled from September 20, 2001 to August 10, 2001.

About Coinstar Inc.

Coinstar Inc. (Nasdaq:CSTR) owns and operates the only nationwide network of supermarket-based machines that offer coin counting and other electronic services. Linked by a sophisticated interactive network, the company has more than 8,500 machines throughout North America as well as in the United Kingdom., the company’s majority-owned subsidiary, is an infrastructure provider that helps supermarket retailers and packaged goods manufacturers communicate directly to consumers through the use of online and in-store technologies.



Catuity, Inc. announced its intention to appeal the decision of the judge in the Federal Court of Australia in legal proceedings commenced by Welcome Real Time for patent infringement in Australia.

In the last several weeks Catuity has consulted with its partners, customers and legal counsel. Many of these organizations have reviewed a range of relevant patents and the WRT proceedings. These organizations have urged Catuity to pursue an appeal, despite Catuity’s view that the decision has limited impact on its current or future business.

Catuity has been advised by Australian legal counsel that the decision applies only to smart cards in Australia used in accordance with the patent claims. Catuity has obtained U.S. legal counsel opinion that states inter-alia that WRT has no counterpart U.S. patent issued and that the judge’s opinion on infringement is contrary to accepted rules of claim construction under U.S. patent law. Patent law in Australia is different to the U.S., as are legal proceedings, and the situation in Australia has little relevance or impact on the development of the loyalty market in the United States.

It is clear Catuity can make changes to its systems and continue to develop, operate, market and sell its systems in all countries, including Australia. In a press release dated May 29, 2001, WRT acknowledged that Catuity could make such changes and avoid the patent. Catuity has reviewed possible technical changes and is satisfied that such changes will have very limited or no impact on the functionality and efficiency of its systems.

Catuity and its partners believe the courts are neither the best nor the proper place to resolve issues of this nature. There are a number of Australian and foreign patents issued and pending, some or all of which may impact Catuity, WRT and other market participants. Catuity and its partners agree that no single patent (or group of patents owned by one organization) will stand the test of legal challenges or allow any party to obtain a sustainable competitive advantage in the loyalty software market.

Catuity and its partners are working toward creating common, freely available, open standards that will allow loyalty programs to evolve from being small, proprietary, fragmented systems to being large, open, interoperable systems available to all. Key industry participants believe this goal is realistic and achievable (and has been achieved in other areas such as the EMV standard for smart card payments and the CEPS standard for smart card electronic purse). As part of this process, Catuity is holding discussions with many key industry participants and WRT. Catuity’s appeal of the decision of the Federal Court in Australia is considered necessary, at this stage, to achieve the industry’s goal.

Catuity, Inc. ( is a leading provider of loyalty software systems. The Catuity software includes an integrated suite of applications that provide loyalty, ticketing, access control, and membership. The Catuity Loyalty System is ubiquitous in that it can operate on any device, any card program, and with any payment process, including stored value, smart cards and wireless applications. Catuity unites the brick-and-mortar retailer with the Internet to enable cross-sell capabilities with consistent brand imaging across all channels.



ICBC (Asia) says it expects to make a profit within the next two years. Managing director Chris Chan told the Hong Kong Economic Times that the bank will work with parent Industrial and Commercial Bank of China to set up a joint venture for credit card business expansion. Chan also said ICBC (Asia) is expected to invest additional 30 mln hkd in the credit card business.



Euronet Worldwide announced the implementation of outsourcing services for Bank Wspolpracy Regionalnej (BWR) in Krakow S.A., a member of the Deutsche Bank group in Poland.

Under the terms of the multiyear agreement, Euronet will manage the daily issuance of VISA Electron cards, authorize and process debit transactions, and provide the bank a gateway to the VISA network. The bank will monitor daily transactions on the network through a remote terminal access system developed by Euronet, enabling the bank to provide real-time information to cardholders whose inquiries come into the bank’s call center.

“Euronet helped us to achieve our objectives of capital investment cost reduction and quick implementation of a solution which was vital to our bank’s service strategy,” said Dr. Friedhelm Herb, Bank Wspolpracy Regionalnej S.A. CEO. “In addition to avoiding the expenditure for software application and hardware, we avoided the necessity of spending on internal infrastructure. Our product offering is focused on both individual and corporate clients. After implementation of these new card products, our offering will be among the most comprehensive on the banking market in Poland.”

“Euronet is very pleased to increase our outsourcing options with BWR/Deutsche Bank Poland,” said Michael Brown, Euronet Worldwide Chairman and CEO. “We have been providing comprehensive ATM outsourcing to BWR for quite some time. With the addition of the debit card program, BWR can now offer additional retail services to its clients, which in turn will drive more transactions across our network. We enjoy helping progressive financial institutions like BWR become leaders in their markets.”

About Euronet Worldwide

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

About Bank Wspolpracy Regionalnej S.A.

Bank Wspolpracy Regionalnej S.A. is a bank specializing in services to small and medium-size companies and individual clients. Bank Wspolpracy Regionalnej S.A. has 32 branches located mostly in the Southern part of Poland and employs approximately 800 people. The bank is a part of the Deutsche Bank group, and in the near future will be incorporated into the pan European structures of Deutsche 24.



Equifax Inc. announced
it has acquired Clearing de Informes (CDI), Uruguay’s leading provider of
consumer credit information to businesses. CDI, a subsidiary of Argencard
S.A. in Argentina, is headquartered in Montevideo, Uruguay, with annual
revenues of approximately US$5 million and 73 employees.

“This transaction reinforces our global strategy of geographic growth in
regions with good economies where strong financial and credit systems exist,”
said Bill Catucci, executive vice president and group executive for the
Americas. “Equifax brings state-of-the-art technology to the market to
provide quality products and services to our international and local

With the addition of Uruguay, Equifax now conducts business in six Latin
American countries, including Argentina, Brazil, Chile, Peru and El Salvador.

Equifax enables and secures global commerce through its information
management, consumer credit, marketing services, business information,
authentication and e-commerce businesses. As the leader in information
services, Equifax adds value wherever customers do business, including the
financial services, retail, telecommunications/utilities, information
technology, brokerage, insurance and business lending industries and
government. Equifax also enlightens, enables and empowers consumers to manage
and protect their financial health with services offered at http// .
The company ranked in the top five in return on equity among Business Week’s
Best Performers for 2001. Equifax employs 12,000 in 18 countries, has sales
in 50 countries and has $2 billion in revenue.



Starting next fall, members of the Desjardins caisses will be able to use wireless technology to check their account balances, make bill payments, funds transfers and line of credit payments from their cellular phones at any place and time. With this new
initiative, it will even be possible for members to view the most recent
transactions on their accounts and see other financial information, such as a
display of current interest rates.

The Mouvement des caisses Desjardins and its partner, Wysdom Inc., a
leader in wireless technologies, made this announcement today during a seminar
entitled “Tendances, impacts et defis de l’Internet sans fil” (Mobile
Internet’s Trends, Impacts and Challenges) presented in Montreal by the
Institut international des telecommunications (the International
Telecommunications Institute).

Earlier this year Bell Canada, one of Desjardins’ long-time partners,
signed a strategic alliance in the area of telecommunications through which
Bell Mobility subscribers will become the first ones to use the new

“The wireless technology to be implemented by Desjardins is one of the
best to handle financial transactions,” said Mr. Eric Lemieux, Vice-President
Electronic Access and Payments at Desjardins. “Wysdom’s technology, along
with its vast experience in the field of wireless financial services, will
enable us to provide optimal service to our members,” he added.

“Through this ground-breaking innovation, Desjardins will occupy the
leading position in the field of wireless financial transactions in Quebec,”
said Mr. Kashif Hassan, co-founder and Chief Executive Officer at Wysdom Inc.
“With Wysdom’s technology, Desjardins is offering its members higher
efficiency and a more competitive advantages for their financial
transactions,” he added.

Wysdom is a wireless software and infrastructure company that enables its
customers to offer comprehensive, user-centric mobile products and services.
Wysdom licenses its Mobyle Application Platform(TM) (MAP) to enterprises,
e-businesses and carriers allowing them to deploy applications that empower
users to manage information, commerce and communications on any device.
Wysdom has operations in Montreal, Toronto, Boston, San Jose, and Belgium,
employing more than 200 people worldwide. For more information, please visit

With total assets of $80 billion and more than 36,000 employees, the
Mouvement des caisses Desjardins is the top financial institution and the
largest private employer in Quebec. It is the only one to offer, through its
network of caisses located throughout Quebec, a complete range of financial
products and services. Desjardins is a Quebec leader in terms of e-commerce.
With more than 1,500,000 visits per month, http// is the
most highly frequented financial site in Quebec and second in Canada. The
Mouvement Desjardins’ mission is to contribute to the economic and social well
being of individuals and communities.


DoD Smart Cards

Oberthur Card Systems and Litton PRC have been awarded a contract to supply an additional 600,000 ‘Common Access’ ID smart cards to the Department of Defense. The chips on the new cards store digital certificates and digital signatures for authorized personnel who may do paperless contracting and require secure access to buildings and networks. Because the smart cards use a Java-technology based open platform, additional programs and applications can be added in the future to meet the stringent requirements of the DoD.



GE Capital Global Consumer Finance is launching a pilot to provide ATM cash access to retail cardholders in the UK. The pilot is powered by Mosaic Software’s ‘EFT Platform Postilion’. The transactions are routed from the ATM to the ‘LINK’ switch and from there to GE Capital. ‘Postilion’ performs full verification and authorization of those transactions. Worldwide, ‘Postilion’ is used for ATM processing/monitoring, EFT switching and routing, POS, credit/debit card processing, Internet/call center payment authorizations, prepayment, Internet/home banking and mobile commerce applications. Operating as the first fully-fledged EFT switch running on Windows NT/Windows 2000, ‘Postilion’ is live in more than 500 installations worldwide. GE is one of the largest private label store card operators in the UK with clients such as Debenhams and House of Fraser.


e-Port Shipments

USA Technologies, Inc. announced that through its expanded distribution of e-Port to vending operators, the Company has sold its initial production quantities of e-Port terminals and has accelerated production of product to meet industry demand for the upcoming third and fourth quarters. This news comes on the heels of several key announcements that have quickly followed USA Technologies’ successful introduction of e-Port to the vending industry. These include multi-year supply agreements, major strategic distribution partnerships, OEM agreements and an order from a single partner for 10,000 e-Ports.

“This is tremendous news for USA Technologies,” said Michael Lawlor, Sr. VP of Sales and Marketing for USA Technologies. “The enhanced distribution system that we are building, coupled with the intense efforts of our sales force and partners, form the foundation for the Company attaining its goal of selling 200,000 e-Ports and associated network services over the next three years.” New distribution of e-Port includes premier vending operators such as Sanese Vending, who is utilizing e-Port technology to vend Michelina’s branded prepared foods, and ASI vending, with beverage and snack locations in the Jacob Javitz Convention Center in New York. Examples of other e-Port installations with vending operators include select locations of Six Flags and Wal-Mart. “The response to our e-Port technology in the vending industry has been excellent. We have our e-Port technology being used in various beverage, snack, prepared food and merchandise vending machines across the country,” said Mr. Lawlor. “Our e-Port technology meets the consumers’ growing demand to vend products with credit cards and other cashless payment means, while meeting the business needs of our customers. We continue to receive daily inquiries domestically and internationally for our e-Port technology,” added Mr. Lawlor.

This new distribution of e-Port into the vending industry fits into the USA Technologies distribution strategy of marketing the e-Port technology to vending operators and soft drink bottlers, while working in partnership with vending distributors, OEM’s and strategic business partners to distribute product into the marketplace.

With its ever-expanding family of e-Port products and services, USA Technologies is rapidly emerging as the leader in cashless microtransaction products and services for the vending industry. The Company is in negotiations with numerous potential customers, partners and distributors in the Vending, Information Technology and Communications Industries, and expects to announce major new developments in the coming months.

Earlier this year USA Technologies formed a strategic alliance with Marconi Online Systems, a division of Marconi PLC, to bring together Marconi Online’s Intelligent Vending service with USA Technologies’ cashless payment and interactive multimedia capabilities delivered through e-Port. Last year, Marconi Online became the exclusive provider of intelligent vending technology to the Coca-Cola Company. The e-Port product line can be embedded into vending machines, gas pumps, office equipment and almost any kind of point-of-sale terminal. This scaleable technology and associated network and financial services enables the conversion of unattended points of sale into intelligent, networked “store fronts,” which could be connected via the Internet or other means. It is capable of communicating operational data to operators, conducting cashless microtransactions and could deliver advertising and information such as news, sports and weather to consumers while making routine purchases everywhere.

About USA Technologies

USA Technologies is recognized as a leader in cashless microtransactions and interactive media technology and associated financial services. USA Technologies provides credit card activated and other cashless systems, allowing end users, ranging from consumers to business professionals, to communicate, conduct business or make ordinary commerce transactions, outside of the home or workplace. USA Technologies is an IBM (NYSE: IBM) Business Partner and an inaugural member of the Sprint (NYSE: FON) Enabling Application Service Provider Program for e-commerce. It has also established relationships with a number of global IT, multimedia, and telecommunications companies including Marconi Online Systems, RadiSys Corporation, DoubleClick Inc., and Xerox Corporation. Visit the USA Technologies home page at [][1].



Poland Electron

Euronet Worldwide announced late Thursday the implementation of outsourcing services for Bank Wspolpracy Regionalnej in Krakow, Poland. Under the terms of the multiyear agreement, Euronet will manage the daily issuance of ‘VISA Electron’ cards, authorize and process debit transactions, and provide the bank a gateway to the VISA network. The bank will monitor daily transactions on the network through a remote terminal access system developed by Euronet, enabling the bank to provide real-time information to cardholders whose inquiries come into the bank’s call center. Bank Wspolpracy Regionalnej has 32 branches located mostly in the Southern part of Poland and is part of the Deutsche Bank group.



First Data’s new network, First Data Net, is taking shape. Yesterday FDC announced it will take a 60-65% equity interest in NYCE. The transaction will expand First Data’s current debit business to more than one billion online debit POS annually. In the U.S., FDC is the leading offline debit processor. Four of the current NYCE shareholders: Citibank, FleetBoston, HSBC Bank, and J.P. Morgan Chase will continue as equity partners, along with First Data. First Data, NYCE and other owners say they will collaborate to develop products that will attract new card issuers and expand ATM deployment beyond current NYCE service areas. Since 1992, First Data has operated one of the largest debit switches in Australia.