BEETLE & Nextor

Wincor Nixdorf Inc. announced a strategic partnership with market-leading retail software solution provider, ADS Retail. Together, the companies will market a joint solution based on Wincor Nixdorf’s BEETLE POS platform and ADS Retail’s Nextor POS and Retail Management System. The solution, called Smart Client, is designed for large retailers who are seeking the benefits of a true network-centric retail solution. The Smart Client initiative from Wincor Nixdorf and ADS Retail provides an ideal trim client configuration running the Red Hat Linux embedded kernel on a BEETLE /NetPOS or BEETLE /S system. This configuration results in a POS appliance: a device that can be removed from the box, plugged into the power and network outlets, and turned on. There is no software or data permanently stored on the client device.

“In order to reduce the total cost of ownership of POS systems, large retailers need to take a hard look at reducing the number of high-maintenance clients throughout the enterprise,” said Doug Evans, vice president of the Nextor business unit of ADS Retail. “Nextor’s Smart Client configuration allows this zero maintenance option, while preserving offline capabilities by caching essential components and data on the client device. This configuration provides the best of both worlds: offline operability similar to a fat client device, along with the reduced acquisition and operating costs of the thin client. When you add the enterprise management capabilities of Nextor to the BEETLE, you have a POS terminal that seamlessly integrates with the enterprise management system.” “We are tremendously pleased to have ADS Retail on board as a strategic partner,” said Jeff Soisson, vice president, Retail Solutions Group, Wincor Nixdorf. “This partnership underscores Wincor Nixdorf’s long standing commitment to providing retailers proven thin-client POS solutions that help them save money and improve operational efficiencies.”

About ADS Retail

As a leader in retail point-of-sale technology, ADS Retail combines a two-decade track record of accomplishment in the retail technology industry with the cutting-edge innovation required by today’s forward-looking retailers. ADS Retail presents the full package of development, implementation, professional services and top-flight 24/7/365 support. Since 1981, ADS Retail’s systems have powered the front-end of some of the world’s leading retailers, many of whom have been clients for more than a decade. For further information visit www.adsretail.com.

About Wincor Nixdorf

Wincor Nixdorf Inc. is one of the fastest-growing providers of IT products and solutions for the retail and banking industries. Wincor Nixdorf’s offerings include hardware, application software, professional services and a complete range of service programs including on-site support. Worldwide, Wincor Nixdorf is the third-largest provider of POS systems and automated teller machines. Employing more than 3,600 people, Wincor Nixdorf operates in 40 countries with manufacturing plants in Germany and Singapore. North American headquarters are in Austin, Texas. For more information, visit www.wincor-nixdorf.com/usa.

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VIP Check Card

Global Payments continues to strengthen its leadership role in facilitating payments for the gaming industry with five casinos signing agreements for the recently released VIP Preferred e-Check Card. The new electronic check cashing card feature enhances Global Payments existing VIP Preferred check approval program already used by over 250 thousand cardholders.

Under the terms of the agreements, Global Payments will provide VIP Preferred e-Check services to each of these participating properties: Ameristar Casino, Vicksburg, MS; Pala Casino, Pala, CA; Spa Resort Casino, Palm Springs, CA; Agua Caliente Casino, Rancho Mirage, CA; and Isle of Capri Casino in Marquette, IA.

Designed specifically to meet the needs of the gaming industry, VIP Preferred e-Check allows consumers to gain fast access to cash and provides gaming establishments the increased gaming revenue and reduced risk associated with consumers cashing paper checks. The VIP Preferred card’s proprietary software also provides the gaming industry with the ability to establish a significant consumer revolving check-cashing limit in less than two minutes.

“We are pleased to add these fine properties to our growing list of gaming establishments using our VIP Preferred e-Check product. Service and innovative products like the VIP Preferred e-Check help make Global an industry leader in payments processing,” said President and CEO Global Payments Inc., Paul R. Garcia.

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

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Euronet CFO

Euronet Worldwide named Kendall Coyne as its Chief Financial Officer. Coyne brings more than 20 years’ finance experience to Euronet, most recently from Aerie Network Services, Inc. of Denver, Colorado, where he served as Vice President.

At Aerie, he was responsible for corporate structuring and financial administration for the start-up fiber-optic telecommunications company. Previous experience includes four years at Sprint PCS/Sprint as Vice President and Director of Tax Policy. Prior to Sprint, Coyne served in various tax management and executive management roles for Kansas City Power and Light Company (KCPL), Public Service Co of NM, Albuquerque, NM, and KPMG Peat Marwick, Albuquerque, NM.

“Kendall Coyne brings a wealth of experience ideally suited to his role at Euronet, and we are fortunate to have him join our fast-paced team,” said Michael Brown, Euronet Worldwide’s Chairman and CEO. “We expect him to play an important role on the senior management team in moving Euronet forward and building investor confidence and shareholder value.” Euronet Worldwide also announced that since March 31, 2001, it had exchanged an aggregate of DEM 35 million (US$15.5 million) face value of its 12 3/8% senior discount notes for an aggregate of 1,225,000 shares of its common stock. The total accreted value (through May 31, 2001) of the debt exchanged is DEM 26.6 million (US$12.0 million). The DEM 35 million face value exchanged includes the DEM 23 million that was previously reported as a subsequent event in Euronet Worldwide’s most recent Form 10Q.

As a result of these exchanges, Euronet’s long-term indebtedness will be US$69.7 million in total face value (US$60.4 million in accreted value) as of May 31, 2001. This compares to US$85.2 million in total face value (US$72.3 million in accreted value) of total long-term indebtedness as of March 31, 2001. The total decrease in the Company’s indebtedness will result in an annual cash interest expense savings of approximately $2,000,000 per year. “We are very pleased with these exchanges,” said Brown. “They improve our balance sheet, reduce our long-term debt, are accretive to the shareholders and will accelerate the Company’s move toward profitability.”

About Euronet Worldwide

Euronet Worldwide is a global leader in the rapidly evolving arena of electronic financial transactions. The company provides software and service solutions to a wide array of industries from retail banking to mobile operators, enabling them to offer customers secure access to their personal financial information — any time, any place. Euronet operates transaction-processing centers on three continents, including owning and operating the largest independent ATM network in Europe. With corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Hungary, Euronet Worldwide employs approximately 400 people in 15 locations. Additional information is available at the company’s web site, [www.euronetworldwide.com][1].

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

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Elvis Cards

MBNA has cranked up the marketing machine this month for the ‘Elvis Presley Platinum Plus VISA’ card. Two years ago MBNA signed an affinity card deal with Elvis Presley Enterprises Inc. The card benefits the Elvis Presley Charitable Foundation’s Presley Place, a transitional-housing project that will provide homeless families up to one year of rent-free housing, child day care, job training and counseling, and financial guidance. New cardholders of the Elvis VISA receive a special commemorative envelope with a Graceland first date of issue postmark after making at least $25 in purchases. Other card benefits include 10% off Elvis souvenirs, 10% off Graceland Platinum Tour admission, 10% off Elvis Presley Memphis Restaurant meals, 10% off Elvis Presley’s Heartbreak Hotel accommodations, and free parking while visiting Graceland. The no annual fee card is currently being offered with a fixed 13.99% interest rate. MBNA is offering a special 1.7% intro rate to select cardholders while others may be offered a 3.9% intro rate. An Elvis MasterCard is also available to British residents from Bank of Scotland. The Elvisly Yours MasterCard was launched in 1998.

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MBNA & VFW

The Veterans of Foreign Wars announced its endorsement of MBNA America Bank to provide credit card services to its members and supporters.

The Veterans of Foreign Wars, with a rich tradition rooted in the 19th century, is the oldest major veterans organization in America. VFW has 9,500 Posts with 1.9 million members who served in World War II, Korea, Vietnam, the Persian Gulf, and all the expeditionary campaigns through Bosnia.

“We are proud to be associated with the VFW,” said John Cochran, chief marketing officer of MBNA. “We will provide its members with the superior customer service and innovative financial products they expect from MBNA.”

About MBNA

MBNA Corporation is a bank holding company and parent of MBNA America Bank, N.A., a national bank, with $88 billion in managed loans. MBNA, the largest independent credit card lender in the world, also provides retail deposit, consumer loan, and insurance products. MBNA.com (http://www.MBNA.com) provides credit card, consumer loan, retail deposit, travel, and shopping services.

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EBPP Projections

EBPP is poised for accelerated expansion as more financial services institutions get into the game according to a new report. Roundtrip electronic bill volume will equal less than 1% of total bill volume in 2001. However, this share, which includes both the consumer and B2B billing markets, is expected to increase to 9% by 2005, according to TowerGroup research. Currently, only 1% of U.S. depository institutions offer some form of EBPP service. TowerGroup expects that number to rise to 7% by 2005. More than 90% of the institutions presently involved in the EBPP market offer a consumer service provider capability to provide their retail customers with front-end services to receive and pay bills electronically.

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Swissotel in VISA Pilot

Swissotel Hotels & Resorts announced it is one of five hotel groups participating in Visa International’s Enhanced Data project for business travel management involving selected Visa Corporate cardholders.

The concept revolves around software written exclusively for Visa that extracts itemized business travel hotel expenses from the Fidelio property management system. Once extracted, Visa Commercial Card issuers consolidate the card spending information and supply the itemized data to the corporate client usually in electronic format. The software allows hotel expenses to be broken down by transaction type, i.e. telephone charges, laundry bills etc, and by hotel outlet.

Visa’s Enhanced Data product is in its pilot stage, with plans to test market and ultimately launch worldwide in 2002.

The plan is to further the consolidated business expense tracking service that will include all aspects of business travel, i.e. air and rail travel, car rental as well as hotel stay information for holders of the Visa Corporate Card.

“This new service will enable us to deliver comprehensive hotel folio data that can be transmitted directly into the traveler’s expense report,” said Michelle Woodley, vice president, electronic distribution & marketing, at Swissotel. “At Swissotel, our focus has always been to continually offer cutting-edge technological enhancement that benefits our business clientele, and this new Visa product allows us to do just that. Our long standing partnership with Visa has provided the opportunity to be in on the ground floor launch.”

“We have been developing our Enhanced Data System in response to the growing demand for extra information relating to business travel by large corporations,” said Susan James, data delivery manager, Visa Commercial Solutions, EU Region. “Our research shows that the future is more about the delivery of data than just providing a payment method. Visa was the first to develop and test this technology and the extension of the scheme to include Swissotel Hotels & Resorts clearly puts Visa Commercial Solutions ahead of the game.”

About Visa EU

Visa EU Commercial Solutions offers tailored commercial payment solutions for its member banks and corporate clients throughout Europe. Visa’s three commercial card programmes, Visa Business, Visa Corporate and Visa Purchasing provide innovative payment products for companies across the commercial spectrum, addressing the diverse needs of the small business sector, through meeting the management information and control requirements of large corporate and public sector organizations.

About Swissotel Hotels & Resorts

Swissotel Hotels & Resorts is a fully owned subsidiary of SAirRelations, the SAirGroup division specializing in hotel management, catering and travel retail. The company currently operates or markets hotels in North America, Latin America, Europe, Asia and the Middle East. For further information, visit the Web site at http://www.swissotel.com.

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Xchange Card

Warrantech Corporation, a leader and innovator in the field of service contracts and extended warranties, announced that Automotive Technologies, Inc. D.B.A. Wireless Zone will begin selling Warrantech’s innovative Xchange Card Program under a three-year agreement. Wireless Zone operates 150 stores in 12 states.

The Xchange Card guarantees that if a product fails, the customer will receive a brand new product. The card can be easily registered through a toll-free number or through Warrantech’s web site, http://www.myxchangecard.com.

Joel San Antonio, chairman and chief executive of Warrantech, said, “In keeping with our track record of innovation, we developed The Xchange Card to provide dealers with a user-friendly, tangible product that allows them to provide better service to their customers. We are very pleased that Wireless Zone has chosen Warrantech as its partner.”

Mark Asnes, vice president, new product development for Wireless Zone stated, “We feel with this program, we have the ability to offer our customers the utmost in positively outrageous service.”

About Warrantech

Warrantech Corporation, headquartered in Euless, TX, through its subsidiaries, administers and markets service contracts and after-market warranties on automobiles, automotive components, recreational vehicles, appliances, consumer electronics, homes, computer and computer peripherals for retailers, distributors and manufacturers. The company continues to expand its domestic and global penetration, and now provides its services in the United States, Canada, Mexico, Puerto Rico and Latin America. For more information about Warrantech, access http://www.warrantech.com.

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Ruby LynkPak

Lynk Systems, Inc., announces that VeriFone has released LynkPak, Lynk’s credit, debit and EBT application for VeriFone’s Ruby SuperSystem, to convenience store and petroleum marketers. LynkPak interfaces with a wide range of fleet card networks and all of the major electronic dispensers, and incorporates a batch verification system that virtually eliminates dropped or duplicated transactions.

VeriFone’s Ruby is an integrated point-of-sale solution that combines card processing, fuel dispensing, dispenser card reader control and electronic cash register functions to meet the needs of fast-paced petroleum and convenience store operations. With Ruby, cashiers can authorize fueling and keep traffic moving at as many as 32 fueling positions. Ruby is currently used in over 40,000 locations nationwide, including independent and major oil company service stations and convenience stores.

![][1] “LynkPak is a new unbranded payment interface to Ruby, and Lynk’s experience in servicing small and mid-sized merchants enables us to anticipate and meet the needs of the independents,” said Doug Currie, director of Lynk’s Petroleum and Convenience Store Unit. “LynkPak brings some real competition to the petroleum and convenience store industries.”

PDQ, a chain of 44 convenience stores with outdoor gasoline sales in Madison, Wisconsin, is Lynk’s first 40+ store implementation of Ruby pay-at- the-pump processing technology. PDQ installed LynkPak on all of its Ruby POS systems and processes hundreds of thousands of debit, credit and fleet card transactions each month through Lynk. “Lynk also handles many processing service issues on behalf of its customers,” Currie explained. “If PDQ is having a problem with a specific card, Lynk will handle the problem for them with the card issuer. In the past, PDQ had to spend valuable time handling this type of processing issue.”

Quick processing is critical in the petroleum and convenience store industry. To eliminate delays, Lynk has direct connections to the major debit, credit and fleet card networks, which provides almost instantaneous authorizations and fewer denials. Lynk also provides value-added services such as personalized online customer service and reporting features. As a full-service transaction processor, Lynk is familiar with handling the complexities of the processing industry, and supports the entire cycle from front-end transaction processing to back-end reporting.

About VeriFone

VeriFone ([http://www.verifone.hp.com][2] ) is the leading 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.

About Lynk

Lynk is a proven leader in electronic payment, cash dispensing and e-commerce services. Located in Atlanta, Georgia, Lynk processes transactions initiated by credit and debit cards, checks and other access cards from merchant point-of-sale terminals, ATMs and web sites. Lynk also provides related payment services such as the issuance of stored value cards that facilitate electronic funds distribution.

Lynk controls the entire processing sequence, including sales, merchant payment equipment, design and hosting of Internet storefronts, transaction authorization, capture, settlement and customer service. This “in-sourced” model facilitates a truly integrated single-source service that gives Lynk customers one-call support for all their processing needs. Lynk’s proprietary technology and comprehensive network connectivity offer customers of all sizes unsurpassed processing performance.

Founded in 1991, Lynk has earned recognition as one of the fastest-growing companies in America by Deloitte & Touche and Inc. magazine. For more information, please visit the company’s web site at [http://www.lynksystems.com][3] .

[1]: /graphic/verifone/verifone.gif
[2]: http://www.verifone.hp.com/
[3]: http://www.lynksystems.com/

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MoniTrust

The battle of online consumer credit report providers has picked up steam as NY-based MoniTrust.com launched a new product to deliver consumers their credit reports from all of the major credit bureaus. The MoniTrust.com credit report service is targeted at the individual consumer with a price tag of $29.99. Other services include a ‘Credit Monitoring’ service ($60 per year) and a free ‘Credit Analyzer’. There are also newsletters on credit topics and preformatted forms, such as dispute letters, FBI records request, and forms to stop telemarketing calls. MoniTrust is offering Web site affiliates up to a 22.5% commission of the sale amount. The company has partnerships with MoneyNest, EDebtconsolidation, IRS.com, NextCard, and Autobytel.

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