Genpass CMO & CTO

Genpass Inc., owner and operator of the MoneyMaker and Money Belt EFT networks, on Monday announced more major additions to the executive team for its processing and ATM network enterprises.

Gary T. Staub joins Genpass as executive vice president and chief marketing officer, and Anthony F. Newshel joins as chief technology officer. Genpass president and CEO Bipin Shah, is a recognized leader in the EFT industry and one of the founders of the MAC network. Under Shah’s tenure, MAC enjoyed a period of extraordinary growth. Shah’s team formulated many of the innovative services the network offered including POS services, advanced function ATMs and smart card technology.

Shah has been reassembling this team since Genpass purchased the MoneyMaker network in July 2000.

Staub, one of the few non-MAC veterans in the group, comes to Genpass from Paymentech, a payment processing and e-commerce company, where he was group executive for business development. Before that, Staub worked for Shah in his previous company, Gensar Holdings Inc. Staub was a founding officer of Gensar, where he played a key role in acquiring new business and new companies for the Shah enterprise.

In just four years, Gensar grew from a medium sized company to the largest independent point of sale processor in the U.S.

Staub also worked at Mellon Bank where he was business manager for Mellon’s merchant processing and network services businesses. At Mellon, Staub engineered a turnaround strategy that eventually led the bank to become a gateway processor serving major financial institutions and processors across the country.

Staub’s responsibilities for Genpass include spearheading all marketing and sales efforts. Staub also brings his extensive point of sale and e-commerce experience to developing new markets and strategies for Genpass. Newshel is a talented systems architect who comes to Genpass with twenty-four years of experience in information systems. Newshel is a former chief information officer for the MAC network, where he led the development team that introduced advanced-function ATMs to the EFT marketplace.

Prior to joining Genpass, Newshel had founded and directed BileniaTech, LP, a technology consulting company focused on software development and major technology conversion projects for national EFT networks including STAR Systems and Concord EFS. As chief technology officer, Newshel is responsible for systems and development for Genpass Technologies Inc.

It is Newshel’s role to keep Genpass in the forefront of ATM and POS technologies while supporting the growth of an expanded product base. These announcements continue a hiring spree that already filled the Genpass management team with more than a dozen former MAC managers in key technology and sales positions. Genpass has strongly shown its intention to become an industry leader since its summer kick-off last year.

Genpass immediately acquired the MoneyMaker ATM network and Genpass Service Solutions – an ATM maintenance company that vertically integrates the Genpass businesses. Led by Shah and his partner, Gregory Dillett (a former CoreStates Vice Chairman with strong connections to the MAC group), the parent company then acquired the Money Belt network.

Previously, Genpass filled several other key positions with industry talent including Douglas D. Anderson, former EPS/MAC president and CEO, as president of Genpass ATM Solutions; Bonnie E. Hill, former MAC business manager, heading strategic planning; and Douglas Miraglia, former MAC sales manager as MoneyMaker sales manager.

Shah describes his reasons for gathering his former executive team into Genpass: “I have always sought out the best people in every aspect of our business. This team, individually and as a group, has a track record unmatchable in our industry. With them at the helm, we are rapidly growing our product line into an EFT program that is unequaled. At the same time, we pledge to deliver unparalleled customer service. I believe you will see the results of our work very quickly.”

About GTCR Golder Rauner, LLC, Genpass Inc., LLC, and MoneyMaker(SM)

GTCR Golder Rauner, LLC, is a leading private equity investment firm that owns and operates Genpass Inc. Founded in 1980, GTCR pioneered the investment strategy of identifying and partnering with exceptional executives to acquire companies in fragmented and growing industries.

GTCR currently manages more than $4 billion in equity capital invested in a broad range of companies and industries, including transaction processing, information technology services, financial services and marketing services. Genpass Inc. has corporate offices in Pennsylvania, Dallas, Memphis and California and owns the MoneyMaker(SM) and Money Belt EFT networks. These networks provide technology-based, processing and servicing solutions for financial institutions, independent sales organizations, and corporate customers.

MoneyMaker is now the second largest ATM driver in the U.S. with over 20,000 ATMs in all 50 states. MoneyMaker is one of the largest transaction processors in the U.S., processing over 270 million transactions annually with gateways to every major card issuer and regional network in the nation.

Genpass also operates Genpass Service Solutions, the largest independent ATM servicing company in the U.S., and Genpass ATM Solutions, which aids customers in formulating strategies for ATM deployments. The Genpass companies serve more than 1000 financial services customers.



Chase Merchant Services, L.L.C., a joint venture between Chase Merchant Ventures, Inc., a subsidiary of The Chase Manhattan Bank and First Data Merchant Services Corporation, has named Phillip M. Miller president and chief executive officer, effective immediately. In his new role as president and CEO, Miller will oversee the strategic direction of Chase Merchant Services, the nation’s largest merchant acquirer.

Miller, who has over 20 years of experience in global marketing, strategic planning and product development, will ensure the company’s continued market leadership by collaborating with merchants requiring the latest innovative payment and e-commerce solutions and helping them grow their business.

Most recently, Mr. Miller served as senior vice president of Global Marketing for the Consumer Finance Division of GE Capital, the world’s largest consumer finance company.

“With Phillip’s track record and enormous drive for results, we are confident that Chase Merchant Services will continue to execute a successful growth strategy,” said Pamela Patsley, president of First Data Merchant Services.

“We are delighted to have Phillip join as president and CEO of Chase Merchant Services,” stated Richard Srednicki, executive vice president of The Chase Manhattan Bank. “Phillip’s history and experience are ideally matched to complement Chase Merchant Services’ goals, making him an essential asset to the company as we continue to pursue our growth agenda in this dynamic and competitive marketplace.”

“The electronic payment products offered by Chase Merchant Services lead the industry,” said Mr. Miller. “CMS leverages its resources to serve clients ranging from small and local businesses to major domestic and international merchants, presenting them with the widest range of reliable payment services available. This coupled with CMS’ passion for customer service and relationship management are factors that contributed to making this career move.”

About Chase Merchant Services

Chase Merchant Services, L.L.C., is the nation’s largest merchant credit card acquirer and a provider of Internet-based solutions. The company can be reached on the Web at [][1]. Chase Merchant Services processes over 2.5 billion transactions a year and more than $175 billion in annual credit and debit card sales volume at the point of sale and over the Internet. Chase Merchant Services is a joint venture between First Data Merchant Services, a subsidiary of First Data Corp., the leading bankcard transaction processor, and Chase Merchant Ventures, Inc., a subsidiary of The Chase Manhattan Bank, the fifth largest credit card issuer in the United States. The Chase Manhattan Bank is a subsidiary of J.P. Morgan Chase & Co. ([][2]), a premier global financial services firm with assets in excess of $714 billion and operations in over 60 countries.

About First Data

First Data Corp., with global headquarters in Denver, powers the global economy. Serving nearly 2.5 million merchant locations, more than 1,400 card issuers and millions of consumers. First Data makes it easier, faster and more secure for people and businesses to buy goods and services, using virtually any form of payment: credit, debit, smart card, stored-value card or check at the point-of-sale, over the Internet or by money transfer. For more information, please visit the company’s Web site at [][3].



MC SmarLink

MasterCard and SPS International introduced a new software product that integrates procurement information from MasterCard ‘Corporate Purchasing Cards’ with leading enterprise resource planning systems. With ‘MasterCard SmartLink’, ERP system administrators may generate transaction data specific to any corporate purchasing card cardholder at any point of transaction worldwide. The software has been designed to specifically harness the tight controls inherent in ‘SAP R/3’ and other ERP systems. With ‘MasterCard SmartLink’, businesses can automatically collect purchasing data, approve transactions, generate invoices, merge data with the general ledger, make split payments and download individual transaction information all with the click of a mouse. MasterCard recently completed a ‘SmartLink’ pilot with the University of Cape Town in South Africa.


4Cash Acquisition

Wireless Ventures, Inc. announced that it has signed a Letter of Intent to acquire 4Cash a division of IRMG Inc. an Ontario Company located in Markham, Ontario. As consideration for all of the interest in 4Cash, WLSV shall issue to IRMG Inc., 10 million common shares and 1.1 million five-year warrants to Steve Cussons to purchase WLSV common shares at an exercise price of $0.10 per share.

Subject to the achievement of certain net profit objectives, IRMG shall also have the right to earn an additional 10 million common shares and 5 million three years warrants. Upon Closing, WLSV shall enter into a three-year management services agreement with IRMG for the management of the company. Closing is subject to certain conditions precedent including but not limited to satisfactory due diligence, Board of Director approvals, and the execution of final documentation. Upon Closing, Mr. Steve Cussons shall be appointed President, CEO and a director of WLSV. Mr. Paul K. Hickey, interim Chairman and C.E.O. shall resign as an Officer and Director upon the Closing. 4Cash is involved in the marketing and management of automated teller machines (ATMs) and related services in Canada and the United States. 4Cash is in the final stages of signing a material contract to own and operate automated cash machines and kiosks to be placed in high profile locations throughout North America. In addition, IRMG management has identified a number of additional opportunities to increase the number of ATMs under management by new marketing agreements or acquisition. Through these efforts, management expects that the company will have positive sales growth and earnings by the end of the current year. IRMG management has extensive experience in the North American ATM industry.

Mr. Paul Hickey, Chairman and CEO of WLSV, stated, “The proposed business growth opportunity for the company in the ATM business in Canada and the United States is significant. Mr. Cussons has an in depth understanding of the changing dynamics of this market and the potential opportunities through his contacts should be able to make a significant contribution to the profitable growth of the company. The company expects to generate revenues within a reasonable period of signing the definitive agreements with 4Cash and IRMG Inc.” Mr. Steve Cussons, President of IRMG Inc., stated, “The opportunity for Wireless Ventures Inc. to enter into this exciting industry will assuredly prove to be a very positive decision. IRMG Inc. is confident of its ability to deliver the kind of results shareholders expect and the industry deserves.”

Wireless Ventures, Inc. is a Delaware corporation whose shares are quoted on the NASD’s Over-The-Counter Bulletin Board. 4Cash is a division of a privately held Ontario company, IRMG Inc.


AmEx Dot Com

Jupiter Media Metrix reported this morning the American Express Web site has broken into the ‘Top 50’ most visited Web sites. AmEx is the only credit card issuer to make it into the ‘Top 50’. According to the ‘Media Metrix U.S. Top 50 Web and Digital Media’ property ratings for April 2001, logged 6.6 million unique visitors, placing it #45 among the ‘Top 50’. Jupiter says that over the past twelve months, the number of 18-24 year-olds and persons 55 and over who used the Internet and other digital media grew 32% and 33%, respectively, while overall usage of the Web grew 19% over the same period. Jupiter Media Metrix says the combined number of at-home and at-work Web users in the USA during April was 89.3 million.


VAST Expansion, a leading provider of ticketing software and services for live events, and VAST, the developer and provider of the world’s first “ATTENDANT FREE”-AUTOMATED TICKET AND TELLER MACHINE, announced an expanded multi-year agreement to deploy the VAST device across’s large base of clients.

VAST and formed an alliance more than two years ago to develop and shape a futuristic state-of-the-art ticketing system. First installed at Pacific Bell Park, home of Major League Baseball’s San Francisco Giants, this innovative system was an important contributor to the Giants winning the “Box-office of the Year Award” at the recent International Ticketing Association conference in Toronto, Canada. “Not a week goes by that I am not giving another sports team or venue a tour of our park, and the highlight is demonstrating the VAST kiosk and its seamless integration with the system,” said Russ Stanley, vice president-San Francisco Giants. “VAST completed the circle of our ticketing system by giving us an end-to-end solution, including serving as a will-call point of distribution for tickets bought over the phone or the Web. The VAST device is the front door to our entire park. We couldn’t have done it without VAST and”

“We plan to offer these capabilities to all of our clients,” said Dan Afrasiabi, president of’s Ticketing Services Group. “Through our industry-leading business solutions, we help create efficiencies and opportunities for incremental revenues for our clients. The VAST device is an exceptional tool in this regard, providing our clients with a 24/7 ticket distribution channel, while allowing them to create new revenue streams through financial service transactions, advertising and sponsorships. In addition, their consumers benefit from an additional layer of convenience.”

The agreement spans seven years and includes a broad integrated marketing strategy as well as an evolved technological interface between all software systems and the VAST device. VAST’s “ATTENDANT FREE”-AUTOMATED TICKET AND TELLER MACHINE accepts cash and makes change to the nickel, in addition to accepting credit cards, debit cards and many affinity cards. It can process will-call ticketing transactions for tickets that have been purchased on the Internet or by telephone. Will-call transactions on the VAST device take one-fourth the time required to process through a ticket attendant. The device can dispense marketing materials and sell gift certificates as well. Each device eliminates about 4,000 man-hours per year and offers venue operators income from banking services, advertising and sponsorships.

Jeffrey Mitchell, president & CEO-VAST International said, “Our affiliation with has been rewarding in every respect. They have broken new ground and changed the status quo. That’s what VAST is all about, bringing tomorrow’s technology into today. understands the venue operator and its patron. They are customer driven, an attribute we thrive on and an attribute that ensures prosperity.”

About (Nasdaq: TIXX) is a leading business-to-business ticketing solutions provider for live events. The company facilitates the sale of tickets by enabling venues and entertainment organizations with proprietary and cutting edge software, retail outlets, call centers and interactive voice response (IVR) systems. builds private label Ticketing Gateways (SM) to enable live entertainment organizations with e-commerce distribution platforms. The company also sells tickets directly to consumers at, providing tickets and information on virtually all events and entertainment organizations, as well as offering’s automated ticketing solutions are use by thousands of entertainment organizations such as leading performing arts centers, professional sports organizations and various stadiums and arenas in the U. S. Canada, Europe, Australia and Latin America. is the official ticket supplier to the 2002 Olympic Winter Games as well as online ticketing solutions provider for MLB Advanced Media, LP.

About VAST:

Value Automated Systems Ticketing, Inc. (VAST) of San Diego, CA is the developer of the first attendant-free Automated Ticketing and Teller Machine. VAST provides ticketing and teller machines that are custom-programmable for each venue’s needs. The machines are self-service, accept cash, credit and debit and can give change to the nickel. VAST markets it product, nicknamed “Frank” to the movie theatre industry, ski resorts, theme attractions, sporting venues and transportation facilities. VAST is a full service supplier and provides the hardware, software, financial processing, installation, technical support, and service through over 500 branches nationwide.


Splash Plastic

A new prepaid Internet card designed for teenagers has been launched in the UK. The ‘Splash Plastic’ card utilizes Mosaic Software’s ‘Postilion PrePay’ platform from PayPoint. Young consumers register on-line to receive the card and then activate it by using a ‘Splash Plastic’ website. There are more than 20,000 ‘Splash Plastic’ acceptance locations across the UK.


CTST Opens

CardTech/SecurTech’s 11th annual Conference & Exhibition gets underway in Las Vegas this morning. The card technology event will draw 8,500 individuals from 80 countries and feature more than 300 exhibitors. The international event will bring together industry experts on smart card, biometrics, security and identification. This year’s event will enjoy a higher profile in light of the introduction of smart payment cards by the U.S. banking industry. In the past eighteen months more than seven million smart VISA and American Express cards have been issued in the USA. Indeed VISA and Providian will use this week’s event to make major smart card announcements. The CTST show began in 1990 and was acquired in early 1998 by Thomson Financial, owner of Faulkner & Gray and American Banker.


FDC Signs Golden 1

Electronic commerce and payments leader First Data Corp. today announced its card processing subsidiary. First Data Resources, has signed a five-year agreement to process Visa cards for the Golden 1 Credit Union, the largest credit union in California.

Under the agreement, First Data will provide data processing services as well as other card portfolio management tools, including plastics, statements and risk management services.

“We are pleased to be able to work with the Golden 1 and provide products and services that will help them manage and grow their portfolio,” said Eula Adams, senior executive vice president, First Data Corp., and head of First Data’s worldwide card operations. “For example, First Data Evolve enables issuers like the Golden 1 to streamline the customer service function which positively impacts operational efficiencies and overall productivity levels,” Adams added.

First Data processes for 311 million accounts on file around the world. For more than 30 years, First Data has developed products and services which enable card issuers to enhance their portfolio growth, increase market share, reduce risk and improve profitability.

About the Gold 1 Credit Union

Headquartered in Sacramento, Calif., the Golden 1 Credit Union is the sixth largest credit union in the U.S. and the largest credit union in California with over $3.2 billion in assets and 400,000 members.

About First Data Corporation

First Data Corp. powers the global economy. As the leader in electronic commerce and payment services, First Data servers nearly 2.5 million merchant locations, 1,400 card issuers and millions of consumers, making it easier, faster and more secure for people and businesses to buy goods and services using virtually any form of payment. With more than 27,000 employees worldwide, the company provides credit, debit and stored-value card issuing and money orders; and check processing and verification services throughout the United States, United Kingdom, Australia, Canada, Mexico, Spain and Germany. In addition, its Western Union network includes approximately 104,000 agent locations with operations in 186 countries and territories. For more information, please visit the company’s Web site at [][1].



DoD Smart Cards

Schlumberger Test & Transactions, a business segment of Schlumberger Limited, announced that the Department of Defense will use its Java-based Cyberflex Access smart cards in the Defense Manpower Data Center’s Common Access Card program. The $4.5 million contract was awarded to Electronic Data Systems Corporation and calls for the delivery of 600,000 smart cards, which will be rolled out to 900 sites in 2001.

The DoD will utilize the highly secure, multiple application cards for physical identification, building access and network access in a multi-tiered program that will be rolled out throughout the DoD over the next few years. The cards, which incorporate PKI (public key infrastructure) and digital signature technology, serve as highly portable, secure tokens for enhancing the security of network access and ensuring secure electronic communications. The secure, multi-application, Java programmable smart cards can be configured to provide additional complex services beyond the PKI application by loading applets that meet the specific needs of card usage.

“The DoD has taken a leadership role in leveraging the benefits of smart cards, which enable secure, standards-based applications and interoperability across a wide range of functions,” said Mary Dixon, director, Access Card Office, DoD. “Since initial pilots in 1992, smart cards have proven to be a valuable, cost effective tool, and enhance our mission and quality of life. Our Real-time Automated Personnel Identification System has already been tested and is operational in several locations. Additionally, the DoD will issue smart cards in 900 DoD locations worldwide by the end of 2002.”

EDS (NYSE:EDS), a recognized global leader in providing e-business and information technology services, has been awarded the lead contract and selected Schlumberger to provide its smart card expertise. “This contract is a further step in transforming the government into e-government,” said Al Edmonds, President of EDS Federal. “This is the first significant use of smart card technology at the federal level. Smart cards enhance the security of government facilities and systems on a worldwide basis and support many important applications, such as electronic signature, training certification and e-commerce.”

In addition to EDS and Schlumberger, ActivCard (Nasdaq:ACTI / Easdaq: ACTI) is providing the applets and additional application software used with the EDS-developed card issuing stations in the DoD program.

The Cyberflex Access smart card is part of a range of highly secure, Java-based smart cards for physical and logical access, e-transactions and other applications. Cards are just one of the many components in the Schlumberger portfolio of smart card-based total solutions for government agencies, mobile communication operators, banks/financial institutions and other customers. The total Schlumberger smart card-based offering includes cards, readers, terminals, software, servers, applications development, integration and other services.

About Schlumberger

Schlumberger Test & Transactions provides consulting, integration and products for smart card-based transactions, IP (Internet Protocol) network security and wireless services, testing and measurement of semiconductor devices. With 2000 revenue of $1.4 billion and over 8,000 employees in more than 40 countries, it is a business segment of Schlumberger Limited (NYSE:SLB), a global technology services company with 2000 revenue of $9.6 billion. More information is available at [][1].

About EDS

EDS, the leading global services company, provides strategy, implementation and hosting for clients managing the business and technology complexities of the digital economy. EDS brings together the world’s best technologies to address critical client business imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish their customers’ trust and continuously seek improvement. EDS, with its management consulting subsidiary, A.T. Kearney, serves the world’s leading companies and governments in 55 countries. EDS reported revenues of $19.2 billion in 2000. The company’s stock is traded on the New York Stock Exchange (NYSE:EDS) and the London Stock Exchange. Learn more at [][2].



NextCard Impact

Digital Impact, Inc., the premier provider of online direct marketing for enterprises, announced the addition of NextCard to a distinguished client roster including Fortune 1000 companies in the financial services, telecommunications, business-to-business and retail industries. “Online direct marketing focuses on changing customer behavior and creating a call to action. Digital Impact is helping NextCard direct targeted information and offers to visitors,” said William Park, chief executive officer and chairman of Digital Impact.

![][1] By enabling enterprises to deliver highly targeted messages that maximize the lifetime value of each individual customer, Digital Impact is poised to capture the increasing market demand for building one-to-one customer relationships that span the breadth of the customer lifecycle.

About NextCard

NextCard, Inc. ( is considered the leading issuer of consumer credit on the Internet. Launched in 1997, the Company was the first to offer instant online credit card approval, a choice of customized credit card offers, and exceptional online customer service. NextCard is committed to providing the most robust consumer shopping experience on the Internet and has continued to innovate with its NextCard Concierge(SM) online shopping service, online bill payment services, and comprehensive rewards program. NextCard is also one of the leading direct marketers on the Internet, operates a network of more than 90,000 online affiliates, and has exclusive card relationships with leading online brands, including and NextCard was named the No. 1 Internet credit card by Gomez. According to the 2001 “Credit Cards on the Net” study by Brittain Associates, NextCard leads the online credit card market with a 26 percent share.

About Digital Impact

Digital Impact is the premier provider of online direct marketing solutions for enterprises, including market leaders such as Citibank, Dell Computer Corporation, MasterCard, Hewlett-Packard and Bloomingdales. Our solutions enable corporations to create and deliver highly successful email marketing programs that drive revenue, influence prospect behavior and deepen customer relationships. Digital Impact offers clients comprehensive solutions in the following areas: Strategy, Customer Acquisition and Customer Marketing. These solutions enable marketers to deliver integrated marketing campaigns that deepen relationships with existing customers and drive revenue by acquiring new subscribers. At the core of Digital Impact’s solutions is the Impact Technology Platform, which combined with our world-class service, ensures that we create and implement industry-leading online direct marketing campaigns that achieve optimum results. Digital Impact is a member of the TRUSTe Privacy Program and works only with companies that are advocates of strict consumer privacy guidelines.

Digital Impact was founded in October 1997 and currently has more than 300 employees in its Silicon Valley, Santa Monica, Dallas, Chicago, New York and London offices. The company is publicly traded on the NASDAQ stock exchange under the ticker symbol DIGI.

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Name Change

CheckFree Corporation announced that it has reached a settlement of the lawsuit it had filed January 25, 2001 against CheckSpace, Inc. for infringement and dilution of its trademarks. Under the terms of the settlement, CheckSpace agrees to immediately begin the process of changing its name to one that is not confusingly similar to that of CheckFree, and to complete the process no later than by August 12, 2001. Allen L. Shulman, CheckFree executive vice president and general counsel said, “We are very pleased with the outcome, and glad that once the matter was appropriately brought to their attention CheckSpace recognized the value to both companies of avoiding the potential for confusion.”

About CheckFree

![][1] CheckFree (NASDAQ: CKFR) is the leading provider of financial electronic commerce services and products. Founded in 1981 and celebrating its 20th year in e-commerce, CheckFree launched the first fully integrated electronic billing and payment solution in 1997. Today, CheckFree enables 4.8 million consumers to receive and pay bills electronically. The company has multi-year contracts with 245 of the nation’s top billers to provide online billing and payment through nearly 300 financial services organizations, including banks, brokerage firms, Internet portals and content sites and personal financial management (PFM) software. CheckFree Software Services division provides solutions that are used to process more than two-thirds of the nation’s six billion Automated Clearing House payments, and reconciliation and compliance products and services to 400 banks and businesses. This division includes CheckFree i-Solutions, the leading provider of interactive e-billing and e-statement software and services that enable companies to transform bills and statements into interactive conduits for customer relationship management, marketing and customer self service. CheckFree Investment Services provides a broad range of investment management services to thousands of financial institutions nationwide. The division’s clients manage more than 1,000,000 portfolios totaling more than $500 billion in assets. For more information visit [][2].

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