Preferred Line

While most VISA/MasterCard business credit cards carry no annual fee, Capital One has come up with an innovative way to charge a $99 annual fee. This month, Capital One is soliciting small business owners for a “Business Line of Credit” of up to $10,000. The credit line is linked to the ‘Preferred Line VISA’ and carries a $99 annual fee, which is waived for the first year, according to CardWatch ([][1]). Unlike other business card programs, the Cap One Preferred Line VISA does not charge cash advance fees. The program is available in three levels, similar to Cap One’s other business card offerings. The levels are based on the credit risk developed by the business credit report and the personal credit report of the signatory or guarantor. The first level offers a prime +1.4% APR, the second level carries a prime +8.4% rate, and the third level has a prime +11.25% interest rate. All levels offer a 5.9% introductory rate through Nov 2001.




HNC Software Inc. announced that Visa Desjardins, a subsidiary of the
Mouvement des caisses
Desjardins and the primary issuer of Visa cards in Quebec, will implement
Falcon(TM), HNC’s industry-leading payment card fraud detection system, to
enhance the fraud detection capabilities for its credit card portfolios.
“We look forward to enjoying the reduced fraud rates that other Canadian card
issuers are seeing with Falcon,” said Louise Paquette, chief security officer
at Visa Desjardins. “We’ve always provided the highest level of fraud detection
for our merchants and cardholders, and augmenting our systems with Falcon is
the logical next step to match our aggressive portfolio growth strategy over
the next few years.”

After years of 40 percent annual card fraud growth during the latter part of
the 1990’s, Canadian credit card issuers are starting to see a decline in fraud
rates due to their increased use of neural network fraud detection solutions.
According to the Canadian Bankers Association, credit card fraud cost Canadian
financial institutions and card issuers nearly $227 million (Canadian)
(approximately $156 million US) in 1999. This figure dropped to $203 (Canadian)
million for the 12-month period ending June 30, 2000, indicating that best
practice fraud detection solutions such as Falcon are gaining traction in the
war against card fraud. Verifying this trend, Visa Canada reported 1999 credit
card losses at $150 million (Canadian), and had projected losses in 2000 to top
the $200 million mark. Instead, losses from card fraud dropped approximately 40
percent for the year. HNC’s list of Canadian Falcon customers includes major
institutions such as CIBC, Toronto Dominion, and Canada Trust.

“We’re glad that Falcon is helping stem the tide of payment card fraud in
Canada, as it has done in the United States and overall in North America,” said
Michael Chiappetta, vice president of customer analytics for HNC Software.
“We’re confident that Visa Desjardins will gain the reduced credit and debit
card fraud rates with Falcon with which our other Canadian customers have

Falcon, a neural network-based predictive software system that examines
transaction, cardholder, and merchant data to detect a wide range of payment
card fraud, currently protects more than 400 million payment card accounts

About Mouvement des caisses Desjardins

With more than 36,000 employees and overall assets reaching $80 billion, the
Mouvement des caisses Desjardins is the top financial institution and the
largest private employer in Quebec. It is the only institution to offer a full
range of financial products and services through its network of caisses (ATM’s)
located throughout Quebec. In addition, Desjardins is a leader in Quebec in
terms of e-commerce with more than 1.5 million visits per month. It’s Web site,, is the most frequented
site in Quebec and second overall in Canada. 28,000 companies are already using
its AccesD Affaires business service. The Mouvement Desjardins’ mission is to
contribute to the economic and social well being of individuals and

About HNC Software Inc.

HNC Software is a leading provider of Customer Insight solutions including
intelligent response, decision management, and customer analytics software that
enables companies in the financial, telecommunications, e-commerce and
insurance industries to acquire, manage and retain customers.


CIBC Cards

Canada’s CIBC reported this week that revenue for its cards unit was $312 million for the quarter ending Apr 30, up $88 million from the year ago quarter. The sharp rise was primarily due to the $58 million gain on the sale of the Merchant Card Services business. However a 21% growth in average balances and a 21% increase in purchase volumes also drove revenues higher. On March 20, CIBC sold its Merchant Card Services business to Global Payments Inc. in return for a 26% equity interest in the company. Global Payments formed a 10-year marketing alliance with CIBC to offer credit and debit card payment products and services to merchants in Canada.



Trintech Group PLC announced a strong set of first
quarter results for the period ended April 30, 2001.

— Trintech Group plc’s revenue grew by 93% to $17.0 million, compared
with $8.8 million for Q1, FY2001

— Software license revenue increased by 83% to $7.6 million, reflecting
solid demand for secure payment infrastructure solutions, in particular
our real world product set

— Pro forma gross margin grew 85% to $8.6 million

— Pro forma basic and diluted net loss per ADS was ($0.09)

— Reported basis and diluted net loss per ADS was ($0.30)

Trintech has decided to disclose pro forma as well as reported figures,
starting this quarter, to increase transparency and provide information to
investors on cash generation and utilization. Pro forma results this quarter
exclude restructuring charges and non-cash items, such as stock compensation
charges, depreciation and amortization of goodwill and purchased intangible

John McGuire, Chief Executive Officer, commenting on results expressed
confidence in Trintech’s ability to perform in the current environment.
“I am pleased and delighted to announce strong Q1, FY 2002 results which
demonstrate our continued focus on financial execution. Our first quarter
license revenue growth, despite continuing demanding economic conditions,
reflects this commitment to execution as we move forward on our path to
profitability. We continue to press ahead with our organic growth and
acquisition integration, focused on delivering flexible solutions, which show
real financial returns and cost reductions in our customers’ businesses. Our
recent announcements with Princeton eCom, PayPal and Sterling Commerce clearly
demonstrate our commitment to the multi-platform potential of our PayWare
product set as we extend our leadership in the payment space,” said McGuire.

“Continued sales momentum and execution, fuelled by growth in software
license fees, with measured investment in key business activities, such as
research & development and sales & marketing are the key drivers for top line
growth. Combined with tight cost control and successful integration of the
acquired businesses they are the key elements underpinning our return to
profitability. We made solid progress in Q1 on all four elements, including
our pro forma operating expense cost base which declined sequentially allowing
for the full quarter impact of acquisition consolidation as we started to see
cost benefits from the restructuring and acquisition integration processes,”
said Paul Byrne, Chief Financial Officer.


Revenue for the first quarter ended April 30, 2001 was $17.0 million
compared with $8.8 million for the corresponding quarter ended April 30, 2000,
an increase of 93%.

The growth in revenue resulted from continued solid demand for Trintech’s
secure payment infrastructure solutions. This demand drove first quarter
software license revenue to $7.6 million, an increase of 83% over first
quarter license revenue last year of $4.1 million. Product revenue increased
47% to $6.0 million for the quarter. Service revenue rose 489% from
$0.6 million for the first quarter last year to $3.4 million for the
first quarter ended April 30, 2001.


The significant increase in high margin software license revenue drove pro
forma gross margin up 85% to $8.6 million from $4.6 million, representing an
increase of $4.0 million over the first quarter last year.


In the first quarter ended April 30, 2001, Trintech continued its
investment to build a global organization and develop innovative secure
commerce payment infrastructure solutions. As a result, pro forma sales
& marketing expenditure grew 50% to $5.2 million from $3.5 million in the
prior year as we expanded our sales & marketing headcount, extended our global
footprint, increased our marketing effort and broadened our sales efforts
through the acquired companies. Pro forma research & development spending
grew by 48% to $6.2 million over the corresponding quarter last year
reflecting continued investment in extending our technological leadership in
the payments market and the R&D investments being made by our acquisitions.
Pro forma general & administrative expenditure increased by 100% percent to
$4.2 million as we built out our global infrastructure and took on the
infrastructure of the businesses we acquired.

Operating expenses remained relatively flat sequentially even though Q1
FY02 is the first quarter that the acquired businesses have been consolidated
on a full quarter basis. Offsetting the timing impact of the acquisitions are
some of the cost savings implemented as part of the restructuring program. As
the benefits of the program are realized, we expect to see pro forma operating
expenses decline as a percentage of revenue over coming quarters.


Pro forma basic and diluted net loss per equivalent American Depository
Share (ADS) for the quarter ended April 30, 2001 was $(0.09) compared with the
pro forma basic and diluted net loss per ADS of $(0.09) for the corresponding
quarter ended April 30, 2000. Reported basic and diluted net loss per
equivalent American Depository Share (ADS) for the quarter ended April 30,
2001 was $(0.30) compared with the reported basic and diluted net loss per ADS
of $(0.13) for the corresponding quarter ended April 30, 2000.


In this quarter the company recorded expenses totaling $12.7 million,
equivalent to $0.21 per ADS, including non cash expenses of $10.2 million
which were not included in the pro forma net loss for quarter one

— Once-off re-structuring charge of $2.5 million, equivalent to $0.04 per
ADS, to cover staff reductions and costs related to the closure of excess
facilities as we seek to gain optimum benefits from natural synergies with the
acquired businesses and seek to concentrate on products with the highest
earnings potential

— Depreciation of $0.7 million, equivalent to $0.01 per ADS

— Amortization of goodwill, for our four acquisitions, of $6.8 million,
equivalent to $0.11 per ADS

— Amortization of purchased intangible assets of $1.0 million, equivalent
to $0.02 per ADS

— Amortization of acquired technology of $1.1 million, equivalent to
$0.02 per ADS

— Stock compensation charge of $0.6 million, equivalent to $0.01 per ADS
in relation to stock options granted in 1999 at market value to the members of
the Company’s Advisory Board and to MasterCard as part of a strategic alliance
with the Company


— Trintech announced the release of its evolutionary umbrella payment
security architecture solution, PayWare Guardian, this quarter. The PayWare
Guardian security suite encompasses a range of powerful security modules that
verify cardholder identity and that authenticate their transactions. The
Guardian product offering provides a level of choice, flexibility and
integration between security standards, including SSL; SET; biometrics, unique
random number and voice verification, previously unprecedented in payment
product solutions.

— Princeton eCom, a recent customer win for Trintech also signed a
marketing and distribution alliance agreement with the Company. Princeton
eCom is a leading solutions provider in the billing and payments area for some
of the top billers in the telecommunications, mortgage and financial services,
utility, and cable industries. The integration of Trintech’s PayWare
eIssuer(TM), PayWare eAcquirer(TM) and mAccess(TM) server technology enables
Princeton eCom to substantially expand its service offerings in eCommerce and

— Trintech reinforced its Advisory Board with two new appointments this
quarter. Dennis Goggin and Paddy Byrne were appointed Regional Directors
representing Asia Pacific and Europe on the Advisory Board. Dennis Goggin
previously served as President and CEO of VISA International/Asia Pacific
Region. His extensive payment and card association experience will be
invaluable to the Trintech team. He brings extensive Asia Pacific market
knowledge as a result of his highly visible campaign to position Visa as the
charge card and debit card leader in the Asia Pacific Region.

Paddy Byrne was the former Head of Payments, Credit Card, Electronic
Business and Information Systems in Bank of Ireland for more than twenty
years. In addition, his external financial services roles have included
Chairman of the Irish Payment Services Organization and Irish Banks Nominee on
the European Payment Strategy Group.

— Trintech and Motorola, a global leader in integrated communications and
embedded electronic solutions, demonstrated the mWallet product solution at
the annual CeBIT conference and exhibition last March. Trintech’s innovative
wallet technology for secure wireless transactions is the basis of Motorola’s
m-Wallet, which was launched at the GSM World Congress in February, at Cannes,
France. The m-Wallet is a server based, innovative wireless payment solution
that enables consumers to pay for Internet purchases using their mobile

— Trintech gained a new strategic partner in Sterling Commerce, a wholly
owned subsidiary of SBC Communications, Inc. and a worldwide leading provider
of business-to-business electronic commerce software and banking application
solutions. This partnership broadens the distribution and sales leverage for
Trintech’s ReconNet payment reconciliation solution and allows Sterling
Commerce to further expand its offerings to the banking industry.

— PayPal, the world’s first and largest Internet-based person-to-person
payments service signed a deal with Trintech in March for the implementation
of its Issuer Chargeback System (ICS) into PayPal’s customer management
system. The implementation of Trintech’s dispute management software supports
PayPal’s recent initiative to issue co-branded MasterCard debit cards to
business users among its six million plus customers.

About Trintech

Trintech is a leading provider of secure electronic payment infrastructure
solutions for real world, Internet and wireless transactions. The company,
founded in 1987, offers a complete range of payment software products for
credit, debit, commercial and procurement card applications. Trintech’s
secure product range is deployed in over 35 countries worldwide and covers the
payment requirements of consumers, card issuing banks, merchant acquiring
institutions, merchants, eMerchants, telcos, wireless operators, ISPs/CSPs,
Portals and large corporations. The Group’s range of scalable, open systems
architecture solutions for UNIX(R) and Windows NT(TM) platforms covers
consumer, merchant and financial institution requirements for all card-based
payments, including eCommerce and the emerging world of mCommerce. Trintech
can be contacted in the U.S. at 2755 Campus Drive, San Mateo, CA 94403
(Tel 650-227-7000) and in Ireland at Trintech Building, South County
Business Park, Leopardstown, Dublin 18 (Tel 353-1-207-4000).


Mobile POS

TX-based Wincor Nixdorf introduced an untethered POS system yesterday as part of its ‘BEETLE’ family of POS systems. For retailers, the new mobile system eliminates the problem of customers tripping over cables during sidewalk sales. The new ‘BEETLE Mobile POS’ system uses a DC power supply mounted on a cart, powered by a standard 12-volt gel cell battery which delivers up to 17 hours of continuous operation. The system connects to the retail store network using standard wireless LAN components from Symbol Technologies. The system is self-contained within a rolling cart, allowing it to be wheeled to different locations within the store to serve multiple purposes. It can also be used as a full cash wrap on wheels and as a store management system for inventory, shelf labeling and other functions.



Research from Alpha Card revealed
that Internet usage in Belgium is on the increase, with one in 10 of survey
respondents having made an online purchase in the last 12 months. While this
figure is expected to grow, the survey showed that 40 percent of Belgian
consumers still nurse fears about the security of online transactions.Tackling
these issues head-on Alpha Card is launching the American Express Blue Card,
which is set to boost consumer confidence when shopping both on and offline.
These benefits include an Online Fraud Guarantee for all cardmembers, ensuring
that cardmembers will not be held responsible for unauthorized online
transactions made with their card. The Blue Card is also backed by a 90-day
refund protection guarantee, covering consumers for goods they wish to return
(in the event of a retailer’s refusal to refund).Research revealed that while
consumers were deterred from transacting online because of security concerns,
interest in the Internet is still running high, with 46 percent of respondents
having surfed the Net in the last 12 months. Particularly revealing is that
urbanites are far more comfortable with online shopping than those who live
outside the city, with nearly a third of those who have shopped online hailing
from Brussels.“The American Express Blue Card’s security benefits and features
are extremely relevant in today’s climate,” said Alpha Card Head Peter Fimmers.
“Our research has shown that consumers need the reassurance of a strong brand
with added security features when using their card online.”Other advantages
available to Cardmembers include the ability to access their account online at Blue Cardmembers can
check their account balance online ­ a first in the payment card sector. They
can also review their Blue Rewards points balance and check out the rewards
available to them (a ticket for a day at Disneyland Paris or a rental car for a
weekend away, to name just a couple).Set up in July 1998, Alpha Card is a joint
venture company between Fortis Bank ­ the largest Belgian bank ­ and American
Express. Under the terms of the joint venture agreement, Alpha Card was granted
a license to issue American Express branded Cards to consumers and is now a
leading issuer of American Express branded cards in Belgium. Click here for
information.American Express Company is a diversified worldwide travel,
financial and network services company founded in 1850. It is a world leader in
charge and credit cards, Travelers Cheques, travel, financial planning,
investment products, insurance and international banking.* INRA Belgium, Survey
Online Shopping & Credit Cards, May 2001, 280 telephone interviews (target
audience age between 18 and 55).


Providian Grant

Celebrating May as National Older Americans’ Month, Providian Financial Corporation announced a $50,000 grant to the California Community Partnership for the Prevention of Financial Abuse to support the development of county-wide forums to inform elders about fraud, telemarketing scams and how to prevent financial abuse. Providian joins the ranks of a coalition of California banks to combat a growing crisis — the financial exploitation of seniors.

This innovative partnership marks the first time the financial industry, law enforcement, and adult protective services have banded together to help protect California’s seniors.

An estimated 100,000 to 125,000 seniors are victims of financial abuse in California each year. Most of these seniors fall victim to family members or caregivers. In addition, seniors are increasingly targeted for mortgage fraud and investment fraud. The CCPPFA’s preventative programs have trained more than 400 employees at Bay Area banks on how to recognize and report financial abuse. The CCPPFA is instrumental in connecting financial institutions with social service agencies and law enforcement to prevent, report, and investigate suspected financial abuse.

“Financial abuse is a real and growing threat to the well-being of California seniors,” said Chris Lewis, Corporate Affairs Vice President at Providian Financial. “We are pleased to support the CCPPFA’s efforts to prevent financial exploitation of senior citizens.”

Jenefer Duane, Executive Director of the CCPPFA, added, “With the support of companies like Providian, CCPPFA will be able to expand its educational programs throughout the Bay Area, thereby raising community awareness of the problem and promoting resources for seniors who otherwise might fall victim to financial abuse.”

The CCPPFA plans to conduct community forums in Marin, San Francisco, Sonoma, and other Bay Area counties in the coming months.

About the CCPPFA

The California Community Partnership for the Prevention of Financial Abuse (CCPPFA), a nonprofit organization founded by Bay Area banks, is launching a statewide effort to train employees of financial institutions to identify and report suspected abuse of senior customers.

About Providian Financial

San Francisco-based Providian Financial ([][1]) is a leading provider of lending and deposit products to customers throughout the U.S., and offers credit cards and deposit products in the UK and in Argentina. A winner of the Rochester Institute of Technology/USA Today Quality Cup for excellence in service, Providian Financial has been named one of America’s Most Admired Companies in a survey by Fortune magazine, one of the nation’s top financial institutions by U.S. Banker magazine, and one of the most technologically innovative companies in the U.S. by InformationWeek magazine. The Company has more than $33 billion in assets under management and over 17 million customer accounts.




VeriFone, the worldwide leader in electronic payment solutions,
today announced that it has supplied 1,800 Omni 3350 terminals to
Shell in the first large-scale multi-application terminal
implementation across the United Kingdom.

On June 3, 2001, VeriFone’s leading-edge terminals will be
deployed in Shell service stations across the British Isles to upgrade
the point of sale (POS) to meet customer demand for value-added
services. The first phase of rollout coincides with Shell’s launch of
its new smart card-based loyalty scheme, Shell pluspoints. VeriFone’s
Omni 3350 terminals combine payment capability with the ability to
award loyalty points for purchases made by Shell customers.

The true application separation at the hardware and software level
means VeriFone’s Verix operating system enables the Omni 3350 to run
multiple applications securely on one terminal without compromising
functionality or risking cross-application data corruption. The
presence of the Verix Multi-app Conductor allows data to be shared
between applications, mediates application requirements for hardware
resources, ensures that the appropriate application is launched on the
touch of a key and enables the sharing of functionality between

“Shell has invested in the most advanced multi-application POS
technology available, with a design that supports virtually any need
— now and in the future,” said Peter MacGowan, U.K. account manager
for VeriFone. “We are increasingly seeing the migration to
multi-application. This pioneering move by Shell sees EMV payment
applications, loyalty schemes and mobile phone prepayment services
taking place on one terminal.”

The next phase of rollout will allow customers to reload value
into their prepaid mobile phone accounts using an application provided
by ePay, a mutual partner for Shell and VeriFone. This method of
air-time reloading, or “top-up” as it is known in Europe, simplifies
the process for customers and eliminates the need for Shell to
purchase, store and handle inventories of prepaid scratch cards
carrying monetary value, reducing the risk of theft and fraud.
“By making an investment in this technology from VeriFone, we are
enabling a smooth transition to EMV and ensuring that we can continue
to enhance our retail offering,” said Mike Garrett, retail
communications manager at Shell.

The Omni 3350 uses SoftPay EMV, VeriFone’s advanced e-payment
software, which includes an EMV software module. The combined solution
is EMV Level 1 and Level 2 Type Approved. In addition, the Omni 3350
features an integrated smart card reader, triple-track magnetic-stripe
reader, a 32-bit processor with a 14.4K modem, 3 MB of memory and a
12.5 lines-per-second integrated printer. The terminal can process all
forms of e-payment and feature high performance in a sleek integrated
design with an intuitive ATM-style interface, which lets employees
virtually train themselves.

About VeriFone

VeriFone (http// is the
global provider
of secure electronic-payment solutions for financial institutions,
merchants and consumers. VeriFone has shipped more than nine million
electronic-payment systems, which are used in more than 100 countries.



PA-based Internet Clearinghouse launched a service this morning to alert businesses to stolen or fraudulent credit card numbers. The ‘CompromiseAlert’ service, which is updated daily, identifies and notifies businesses of stolen credit card numbers and other identity attributes used in e-commerce transactions that are being distributed across the Internet and used in fraudulent transactions. The system utilizes proprietary technology to obtain stolen credit cards as well as incidents of other online fraud from hundreds of Internet sites, hacker IRC channels and news groups from around the world. ‘CompromiseAlert’ was developed as the result of a cooperative effort between Internet Clearinghouse and Network Intrusion Solutions.



XACCT Technologies, the
leading provider of business infrastructure software solutions for IP
networks, announced that Parking Partners, the leading developer of
innovative, market-driven solutions for the parking industry, has selected
XACCT Technologies to enable wireless parking payment solutions in Europe.
This innovative mobile commerce (m-commerce) service will allow users to
charge their wireless accounts for parking fees using any mobile device.
XACCT’s N2B(TM) (Network-to-Business) software platform allows Parking
Partners to execute large-scale payment collection in real time. This
innovative service eliminates the need to physically collect money and
gives drivers the convenience of paying for parking via their phone bills.
Parking Partners park&dial(TM) product will enable motorists to pay for
their street parking using their mobile phones or any wireless device.
Parking revenues will be billed to the motorist’s mobile phone bill or
credit card account. This provides convenience for drivers while
simultaneously improving revenue capture and time to revenue for parking

“Parking Partners’ market expansion plans are based on securing
best-in-breed partnerships to assist with our launch of one of the first
mass-market mobile commerce applications. Recent recognition from Gartner
that positions XACCT as a market leader in the mobile telecommunications
middleware sector, confirms their status as an ideal partner for Parking
Partners,” said David Andrew, CEO of Parking Partners. “Our portfolio of
mobile Internet software products will offer real, immediate income streams
for mobile operators.”

In the near future, car owners will be able to derive many advantages from
the combination of Parking Partners’ mobile technology and XACCT’s N2B
platform, that is able to capture and transform raw network usage data from
General Packet Radio Service (GPRS) and Universal Mobile Telephone Service
(UMTS) networks into information to be used for billing, fraud prevention,
and other support applications.

“Parking Partners has developed a potential killer application for mobile
Internet users in Europe,” commented XACCT’s Stig Landstrom, regional
director, Northern Europe. “The partnership between Parking Partners and
XACCT brings the benefits of m-commerce to consumers. This solution not
only provides consumers with a quick, secure, and easy method of payment,
but also gives a shorter time-to-revenue model for parking operators. XACCT
is pleased to be working with Parking Partners in delivering this
pioneering mobile commerce application.”

About Parking Partners

Parking Partners(TM) (
specialize in the
development of innovative, market driven solutions for the parking
industry. Parking Partners software solutions allow seamless integration of
parking, telecommunications, financial and billing partners, to meet the
needs of both the motorist and parking lot operator.
Parking Partners have developed a broad portfolio of parking payment &
enforcement software solutions. This product range will meet the needs of
changing consumer lifestyles and industry dynamics in the emerging
Mobile-Internet environment. Parking Partners Limited was founded in Dublin
2000 with additional overseas offices in New York and London. Parking
Partners AB was incorporated in Stockholm in February 2001 to support
expansion in Sweden and the rest of Scandinavia. Parking Partners have a
wide range of strategic and financial partners including Telia Mobile, SEB,
PEEK Traffic and XACCT.

About XACCT Technologies

XACCT Technologies is the market and technology leader in intelligent
business infrastructure software for Internet carriers and network service
providers. XACCT’s award-winning, carrier-class Network-to-Business
(N2B(TM)) platform speeds time to market and time to revenue for new
Internet services while lowering service provider costs. XACCT offers the
industry’s first and only platform that enables real-time data capture and
enhancement; seamless integration with any upstream business or operations
application; and instantaneous, flow-through service provisioning.


PNC Signs Quick Chek

PNC Bank, a member of The PNC Financial Services Group, has entered into an agreement with Quick Chek, a convenience store chain with locations in northern and central New Jersey, to operate ATMs in the chain’s 105 stores. Available in Quick Chek stores this month, the PNC Bank ATMs provide an additional 100 conveniently located ATMs for our customers to use.

The ATMs offer transactions requested most often by users, such as cash dispensing, fast-cash withdrawal and transfers between accounts. The ATMs are surcharge-free, meaning PNC Bank does not levy a fee to any ATM users-even those who are not customers. PNC Bank, which has the ninth largest bank ATM network in the United States, does not levy a fee for PNC Bank customers on any of its more than 3,100 ATMs.

![][1] “We are delighted to embark on this new relationship with Quick Chek,” said James S. Walker, group vice president, self-service banking, PNC Bank. “We are also pleased to make banking with PNC even more convenient by providing our customers with additional ATMs in high-visibility locations throughout the New Jersey market.”

Quick Chek customers are able to access their cash and conduct other transactions where they shop, as well as view in-store specials and promotions.

PNC Bank is a member of The PNC Financial Services Group, Inc. PNC, headquartered in Pittsburgh, is one of the nation’s largest diversified financial services organizations, providing community banking, corporate banking, real estate finance, asset-based lending, wealth management and global fund services.

Founded in 1967, Quick Chek is devoted to total customer dedication. The concept of making life easier includes outstanding teams of dedicated people exhibiting a deep commitment to customers. In addition, Quick Chek is dedicated to guaranteeing a fresh experience with fresh-brewed coffee every 20 minutes, on-premise baking, oven-toasted sub sandwiches and a host of innovative products and services.

Quick Chek is proud of the collaborative effort of its customers and team members that has raised more than $750,000 in contributions for area children’s charities. Quick Chek combines innovative technology and old- fashioned service in its effort to make life easier for customers every day.

Visit PNC Bank on Web at [][2]

[1]: /graphic/quickchek/quickchek.gif



IVI Checkmate Corp. announces the signing of a contract to supply Coinamatic
with the Elite 770 short range, wireless transaction terminal for their
managed laundry facilities throughout Canada.

“This is a wonderful opportunity to expand the use of our secure payment
technology. Using our wireless terminals, Coinamatic is able to quickly
install a low cost, reliable “smart card re-value station,” said Geoff Bowen,
Executive Vice President and General Manager, IVI Checkmate Ltd.

The contract includes the sale of Elite 770 terminals with communication
bases, and the development of a software application to load value from these
devices to the cardholder’s smart card. “Our application includes the ability
to securely access either the cardholder’s credit or bank card account to
instantly transfer money onto their smart card used to activate the laundry
equipment in Coinamatic facilities throughout the country. This solution
lowers the cost of doing business for Coinamatic, and increases the
convenience for the consumer,” continued Bowen.

“Coinamatic was looking for a reliable way to reload the smart cards we
were issuing in the laundry rooms. IVI Checkmate’s Elite 770 allows us to
provide better service to our customers and provide a safer amenity for our
Clients and building residents. Additional benefits of the system are improved
accountability and cash flow, lower costs to maintain the laundry room due to
lower coin and bill jams in our cash-to-card devices, and faster, more secure
collection of funds from the laundry room,” said Richard Adamson, President of

“I am particularly excited about this new use of our transaction
technology. It is a clear indicator that wireless payment technology is going
to expand the market for transaction technology to non-traditional transaction
environments and merchants. Couple these new opportunities with our rapidly
developing Network Services group and we have a powerful competitive edge,”
continued Bowen.

About IVI Checkmate

IVI Checkmate is a major electronic transaction solutions provider in
North America. The Company designs, develops and markets innovative payment
and value-added solutions that optimize transaction management while lowering
our customer’s cost of payment at the point of service within the retail,
financial, travel & entertainment, health care and transportation industries.
Ingenico, its strategic partner, is a worldwide leader in the manufacture and
distribution of smart card-based and secured transaction products and systems.
Ingenico’s installed base, which exceeds 3 million point-of-service terminals,
serves the needs of customers in over 70 countries and territories.