EPOST Card Billing

EPOST announced several leading Canadian companies that are now sending e-bills to customers through EPOST, the world’s first electronic post office. The new EPOST mailers include premier Canadian brands such as Canadian Tire, Enersource Hydro Mississauga, Sears and TELUS. These companies join the growing list of EPOST mailers, including Columbia House, The City of Toronto, Costco and Radio Shack, who are already sending mail through EPOST’s on-line delivery service.

In the coming months, the new mailers announced today will be joined by the Bay and Zellers, the retail brands of Hudson’s Bay Company, and several prominent Canadian retailers from National Retail Credit Services Company (NRCS). NRCS administers the private label credit card process for over 30 major retail organizations throughout Canada. Some of the first NRCS clients to launch with EPOST will include Holt Renfrew, Home Hardware and Petro- Canada.

“As the world’s first electronic post office, EPOST is digitizing the mail and defining a new market space in Canada. Our primary focus at this time is to build density in the electronic mailbox so that EPOST offers consumers a valuable service,” said Peter Melanson, President and CEO, EPOST. “With the announcement of these new mailers today, we believe we’ve taken another giant step forward in creating a service that will ultimately benefit all Canadians.”

Consumers who wish to receive and pay their bills through EPOST can do so by registering for a free Electronic Post Office Box at [][1]. Once registered, customers create their personal list of mailers and begin receiving their mail on-line, including e-bills. Customers can modify their EPOST preferences at any time, adding new mailers to their list as they become available.

EPOST’s free service has many advantages for consumers including:

– Convenience — EPOST keeps mail organized by offering one, convenient location for receiving the mail consumers choose to move on-line.

– Privacy and Security — All mail sent through EPOST is electronically postmarked, providing a guarantee that the mail has not been tampered with.

– Choice — EPOST lets customers choose the companies who they wish to receive mail from, and it lets them receive any type of mail, not just e-bills.

– Access — EPOST is a web-based service that lets customers access their mail when they want, where they want.


EPOST is the world’s first electronic post office. An alliance between shareholders Canada Post Corporation, Cebra Inc. (Bank of Montreal’s wholly owned e-commerce subsidiary), and TELUS Corporation, EPOST delivers the mail on-line for Canada Post. In addition to having over 130,000 Canadians register for their free EPOST box, 90 companies have committed to participate with the service. EPOST was named one of the top Canadian e-businesses in an independent survey by Bain & Company and The Globe and Mail. EPOST ranked ninth in “The e25,” an exclusive report on the 25 hottest dot-coms in Canada. For more information on EPOST, visit [][2].




Cubic Transportation Systems Australia, a subsidiary of San Diego-based Cubic
Corp., has won the prestigious Western Sydney Industry Award for Product
Innovation for its “world-class upgrade” of CityRail’s ticketing system.
With its state-of-the-art touchscreen technology in CityRail ticketing
and successful integration of locally developed software into the existing
system, Cubic is delighted with being the co-winner of the Product Innovation

Receiving his award from New South Wales Premier Bob Carr, Cubic Australia
managing director Tom Walker said “The Product Innovation Award not only
highlights Cubic Australia’s world class upgrade of CityRail’s ticketing
but also the real benefit and strength that Western Sydney can offer
suppliers and integrators when they choose to work from here.”
“Western Sydney provides Cubic with the people, the skills, and a wealth of
local suppliers, which greatly contributes to the success of our company. The
NSW (New South Wales) government is truly providing top class infrastructure
and training for local industry, and together with CityRail, we have been able
to pass those benefits onto the travelling public,” Walker said.
“The integration of updated and new technology into the CityRail ticketing
system prolongs the life of the existing machines, reduces government spending
on machine replacement and maintenance, and makes Sydney train travel simpler
and faster for commuters.”

It has involved the successful marriage of new technology to the existing
system, an important requirement for successful implementation of ticketing
systems. The software also allows for easy enhancement in the future.
“By choosing Cubic’s flexible system back in the early 90s, CityRail not only
saves tax payers money today — it’s more cost effective to upgrade than to
replace such technology — but also leaves open future options, such as the
of smartcards and other improvements in years to come,” Walker said.
“Coming on top of our ticketing system’s performance during the Olympic peak
period last year — CityRail showed more than 99 percent availability — and
our successful delivery of the Airport Link ticketing system, we are very
pleased and honored with this award and the recognition it brings to
Cubic,” he
Walker said the Premier, Minister for Western Sydney Kim Yeadon, the state
government, other award sponsors, and Auburn local member Peter Nagle should
also be congratulated for highlighting the very real strengths of working in
the region.

Cubic Australia was also a finalist in the Information Technology category of
the Western Sydney Industry Awards.
The Western Sydney Industry Awards, run by the New South Wales Government’s
Office of Western Sydney, are the most strategic set of regional awards in
Australia. The Awards acknowledge and promote the importance of key industries
integral to the future growth and development of the nation, articulate key
drivers of growth for the region, and give vital recognition to the region’s
most innovative businesses.
Cubic already plays a major role in Sydney’s transport network as the group
behind CityRail’s ticketing system, which processes more than half a billion
ticketing transactions a year across the greater Sydney metropolitan area and
is relied upon by nearly a million commuters daily.
Cubic is a key member of the SMARTPOS consortium, which is bidding to
supply an
integrated, smartcard-based mass transit ticketing systems for Sydney and
Brisbane, Australia covering rail, bus and ferries. The members of SMARTPOS
include fellow industry leaders, the Commonwealth Bank of Australia, EDS
Australia and Philips Australia.

In Australia, contact Taras Misko, Edelman Public Relations Worldwide (02)
9291 3303 0402 038 459

About Cubic

Cubic Transportation Systems is the world’s largest supplier of automated
ticketing systems and services. A world leader in innovation, Cubic was first
to introduce transit contactless smartcards in the late 1980s. Cubic’s
Australian subsidiary has been operating in NSW for 10 years, where its
CityRail solution supports close to a million journeys daily.
Cubic’s Defense Group provides instrumented training systems for military
forces, data links, avionics systems, product logistical support, battle
command training, radio communications systems, and field service operation


SMARTPOS represents a consortium of companies with a rich history of providing
world-class transport technology and financial transaction processing
solutions. The consortium consists of Cubic Transportation Systems (Australia)
Pty Ltd, the Commonwealth Bank of Australia, EDS (Australia) Pty Ltd and
Philips Electronics Australia Ltd.
SMARTPOS brings together the experience and expertise necessary to introduce
and integrate a new smartcard-based, user-friendly payment system for public


NPC Promotions

National Processing Company announced several promotions this morning. “Our merchant processing business has continued to experience dramatic growth, stated Thomas A. Wimsett, president and chief executive officer of NPC. “These individuals were promoted due to their strong industry knowledge, their relentless focus on customers and their outstanding leadership skills. Collectively, these five individuals have over 71 years of industry experience.”

Donna Carbone, Senior Vice President, Risk Management

Donna Carbone’s primary areas of responsibility include credit underwriting, risk management and contract management. Prior to joining NPC in 1996, Carbone served as Director of Risk Management with First Data Merchant Services.

Mark Vogt, Senior Vice President, Merchant Services Financial Analysis

Mark Vogt is responsible for all aspects of financial planning, including business modeling, budgeting, pricing and variance analysis. Vogt is a 14-year veteran of NPC, holding a variety of positions within the Finance area.

Tammy Simcoe, Vice President, Client Relations

Tammy Simcoe is responsible for all customer service and retention efforts for the NPC Travel and Entertainment portfolio — consisting of 45 national merchants. Simcoe is a 21-year veteran of NPC, holding a variety of positions within the Merchant Services area.

Dawn M. Thompson, Vice President, Corporate Marketing

As Vice President of Corporate Marketing, Thompson will oversee the strategic direction of Corporate Marketing, spearhead public relations and external corporate communications, as well as have a strong focus on developing Marketing plans for NPC’s next generation products, such as NPC Access and AcceleratedPay. Thompson joined NPC in 2000 as Director of Corporate Marketing.

Lisa Travelstead, Vice President, Chargebacks and Retrievals

Lisa Travelstead is responsible for all aspects of merchant services’ chargebacks, retrievals, arbitration, compliance and good faith collection. Travelstead is a 24-year veteran of NPC, holding a variety of positions with the Merchant Services chargeback and retrieval area.

About National Processing Company

NPC is a leading provider of merchant credit card processing. NPC is 87 percent owned by National City Corporation (NYSE: NCC) ([][1] ), a Cleveland based $89 billion financial holding company, supporting over 500,000 merchant locations, representing one out of every six Visa(R) and MasterCard(R) transactions processed nationally. NPC’s card processing solutions offer superior levels of service and performance and assist merchants in lowering their total cost of card acceptance through our world-class people, technology and service. Additional information regarding NPC can be obtained at .




MasterCard International announced that its Global Board of Directors has
elected Lance L. Weaver as
its chairman. Mr. Weaver joined the Board of Directors of MasterCard
International in July of 1997. Mr. Weaver is a senior vice chairman and chief
administrative officer of MBNA America Bank, N.A., a wholly owned subsidiary
of MBNA Corporation (NYSE KRB). He succeeds Donald L. Boudreau, recently
retired vice chairman of The Chase Manhattan Bank, as chairman of the board of
MasterCard International.

“Lance’s experience in a broad range of banking areas, both in the U.S.
and abroad, will serve him well as the chairman of MasterCard International,”
said Robert Selander, president and CEO of MasterCard. “In nearly four years
as a director, his leadership on various issues has been instrumental in
furthering MasterCard’s international growth and success.”

“Over the many years that MasterCard and MBNA have had a long and
successful partnership, it has always been clear that MasterCard’s success
comes from its dedication to superior Customer service and innovation,” said
Mr. Weaver. “I look forward to working with each member of the global board
to continue on that successful path laid down by Don Boudreau on behalf of all
MasterCard members and their customers worldwide.”

A graduate of Georgetown University’s Business School, Mr. Weaver has held
a variety of positions in the retail banking business. Mr. Weaver is a member
of the Georgetown University Board of Regents. In addition to his board
chairmanship of MasterCard International, he serves on the board of Tower Hill
School, Wilmington Renaissance Corporation, and the Grand Opera House’s Board
of Trustees and Executive Committee. Mr. Weaver also serves as a Trustee and
member of the Board of Directors of Christiana Care Corporation and chairs the
Helen F. Graham Cancer Center Committee.

MasterCard International has the most comprehensive portfolio of payment
brands in the world. With 22,000 member financial organizations, serving
consumers in 210 countries and territories, MasterCard is the industry leader
in quality and innovation. Nearly 700 million MasterCard(R), Maestro(R),
Cirrus(R), and Mondex(R) cards are in circulation today. With more than
17 million locations, no card is accepted in more places and by more merchants
than the MasterCard Card. MasterCard can be reached through its World Wide
Web site at http//

MBNA Corporation, a bank holding company and parent of MBNA America Bank,
N.A., a national bank, has $88.8 billion in managed loans. MBNA, the largest
independent credit card lender in the world, also provides retail deposit,
consumer loan, and insurance products.
(http// provides
credit card, consumer loan, retail deposit, travel, and shopping services.


Dynamic ATM Branding

AutoBranch Technologies Inc. announced an agreement with All Trans Credit Union Limited to provide Dynamic Branding financial services to 10,000 All Trans members. This marks a turning point in the financial services industry, as All Trans becomes the world’s first financial institution to take advantage of AutoBranch’s shared ATM network with Dynamic Branding technology.

Unlike conventional ATM networks, the AutoBranch network allows multiple financial institutions to seamlessly support their brand and deliver customized products and services to their clients. Once an All Trans member puts their card into the ATM, AutoBranch Dynamic Branding technology will “transform” the ATM into an All Trans ATM. From that point onward, All Trans will define and deliver its own financial services, provide relevant marketing messages, and present its distinctive “look and feel” — just as though it had created its own coast-to-coast network of ATMs.

“This is a great opportunity for our members,” said Mike Alexander, CEO of All Trans. “By taking advantage of the AutoBranch network, we can extend our reach at minimal cost while ensuring that our members have national access to convenient, surcharge-free banking. Looking forward, we can deliver products and services that today’s traditional ATM technology does not allow. And we can do it all while building our brand and delivering the All Trans personal touch.”

“We are very pleased to be working with a visionary leader like All Trans,” said John Sinton, President and CEO of AutoBranch. “Financial institutions have waited a long time for an affordable ATM channel that can support advanced transactions and CRM initiatives. That capability is available today. And very importantly, institutions can go live in a matter of weeks. Now that the first financial institution has made the move from evaluation to production, we look forward to publicly welcoming many other institutions to the network over the coming weeks and months.”

All Trans cardholders will go live on the AutoBranch network before the end of April.

About All Trans Credit Union Limited

All Trans Credit Union Ltd. strives to help members receive the newest advancements in banking technology. The company’s vision is to provide financial services anytime, anyplace to employees of affiliated bond companies and organizations. More information is available on the corporate Web site at [][1].

About AutoBranch

AutoBranch Technologies Inc. operates a financial transaction network that enables advanced, personalized financial services to be delivered through automated tellers (ATMs) with dramatically reduced costs. Dynamic Branding(TM) allows customized services for each financial institution to be delivered in a cost effective way through a shared network of automated teller machines (ATM). AutoBranch partners with ATM deployers, switching services, network technology providers and retail merchants to create and manage a global, secure network serving its unique, Web-enabled transaction service capabilities to financial institutions. The company is based in Charlotte, North Carolina and Toronto, Ontario. AutoBranch and Dynamic Branding are trademarks of AutoBranch Technologies Inc.

For further information, please see [][2].



Affinity Card King

The affinity credit card king still rules as MBNA surpassed 4,700 programs with various groups last year. The nation’s second largest bank credit card issuer now has nearly 1,200 affinity card programs in Europe and Canada producing $8.9 billion in loans. MBNA also reported this week that its agent bank program produced $13.0 billion in card receivables during 2000. Professional affinity credit card programs in the U.S. are the most active segment of MBNA’s portfolio, generating $19.9 billion in EOY 2000 outstandings from 1,400 programs. For complete current and historical details on MBNA’s portfolio visit CardData (

U.S. Credit Cards: $70.4 billion
Foreign Credit Cards $ 8.9 billion
Consumer Loans: $ 9.5 billion
TOTAL LOANS: $88.8 billion

Progs Recv
Professional Groups 1,400 $19.9 billion
European Groups 825 $ 7.4 billion
College Groups 600 $ 6.4 billion
Sports Groups 530 $ 6.1 billion
Canadian Groups 333 $ 1.5 billion
Other Groups 1,012 $25.0 billion*
Agent Banks NA $13.0 billion
TOTAL 4,700 $79.3 billion
* includes non-affinity related credit cards
SOURCE: CardData (


Electronic Clearing House Inc. announced the release of, an Internet-based portal developed for merchants who process through ECHO. The MerchantAmerica site provides ECHO merchants with a combination of e-commerce, financial and business services not offered by any other processor in the nation.

MerchantAmerica combines three common portals into one for ECHO merchants:

E-Commerce Portal:

— Inclusion in the MerchantAmerica Merchant Directory that currently contains over 1.4 million merchants across the USA.

— Three-page Internet presence, including a “Home” Page, an “About Us” page and a “Contact Us” page. Each page is created and editable by the merchant.

— Full Shopping Cart capability, allowing 1) the merchant to list, price and edit their products for sale on the Internet; and 2) consumers to view and initiate a purchase transaction from the merchant’s site.

— Statistical data management system to track visitors to the merchant’s Home Page.

— Full reporting of Internet-based sales and inquiries.

— Full “e-commerce” processing capability, allowing merchants to accept credit cards and/or checks as forms of payment over the Internet.

— Five e-mail accounts for corporate and personal use.

— Easy access to a library of corporate and product images to display on the merchant’s Home Page

. Financial Portal:

— Full online reporting and review of all credit card, debit card and check activity.

— Online real time reports on the status of collection efforts on customer-bounced checks and online check image retrieval capability.

— Same day online notice of all chargeback activity. The merchant has both the review and response capability online, significantly diminishing the paperwork normally seen by merchants in dealing with chargeback activity.

— Full access to merchant bank account balance information and recent checking account activity.

— Full capability to transfer funds and/or authorize bill payment through the merchant bank account.

— Ability by merchant to add other banks with which the merchant has a relationship that provides online service and thereby personalize MerchantAmerica to their specific banking needs.

Business Service Portal:

— Quick access to and reservation with all major travel services, including airlines, major hotels and car rental agencies.

— Quick connection to all the shipping services, including UPS, Fed Ex, Airborne and more.

— Quick and easy access to all the providers of insurance services, including life, key man, property and liability.

— Quick access to the nation’s top providers of various business services and office systems.

— Quick access to national and local news, weather and sports resources.

— A Resource Library of links to thousands of businesses that provide important merchant services, including Internet service providers, network systems sources, point-of-sale hardware providers, telecommunication service providers, office supplies and office furniture providers, security system providers and much, much more.

MerchantAmerica has been intentionally developed without any advertising banners or cluttered screens of promotional information in order to be best received and utilized each day by merchants.

Benefits to Non-ECHO Merchants

Listing in the MerchantAmerica Merchant Directory and Home Page capability are offered free of charge to any merchant in the USA while access to all portal capabilities will be available only to merchants who process payment transactions through ECHO.

Marketing MerchantAmerica

A beta program with select ECHO merchants is underway and will be operated for the month of April. A full release of MerchantAmerica to ECHO’s total merchant base is scheduled for May 1, 2001. Active promotion of MerchantAmerica to merchants at large will follow shortly thereafter. Providing a non-ECHO merchant with a free listing in the Merchant Directory and a free Home Page will motivate the merchant to evaluate a possible ECHO processing relationship further.

Once the merchant evaluates ECHO’s competitive and integrated credit card, debit card, check and collection services, and once the merchant understands the features and capabilities of the full MerchantAmerica site, many merchants are expected to decide to take advantage of a full ECHO relationship. Merchants, investors and general visitors are invited to visit and take the “Non-Member Tour” to evaluate the design and nature of the MerchantAmerica site.

Pricing for MerchantAmerica — In today’s market, a merchant can pay thousands of dollars for an interactive, editable Home Page. In addition, an Internet “gateway” (a point of entry on the Internet to a credit card processor) will cost a merchant in the range of $10 to $25 per month.

Hosting services for Home Pages typically cost from $20 to several hundred dollars a month, depending on the size of the site, and providing e-commerce capability to a merchant’s Home Page is typically sold for several hundred dollars by many sales organizations and banks.

Shopping cart programs can cost merchants from several hundred to several thousands of dollars to design and, many times, the merchants still have no direct control over the management of the site. MerchantAmerica provides all of the above and more for $19.95 per month.

Alice Cheung, chief financial officer of ECHO stated, “Over the past several months of development, we have instituted significant automation in the MerchantAmerica system and we have also allowed merchant control over key areas, both of which lower our expense of operation. “The set monthly fee for MerchantAmerica is expected to generate increased income to ECHO just from releasing it to ECHO’s existing base of merchants and we expect to see additional revenue generated from the new merchants who will be attracted to ECHO’s electronic payment services due to the release of the MerchantAmerica portal.”

“There are a lot of merchants who want to have a presence on the Internet but don’t want to have to spend thousands of dollars to do it,” stated Joel M. Barry, chief executive officer of ECHO. “ECHO believes its new MerchantAmerica site provides the best value to any merchant in America. It’s a true statement ‘If you are a merchant in America, you should be in'” Electronic Clearing House Inc. provides debit and credit card processing, check services and inventory tracking to over 58,000 retail merchants and U-Haul dealers across the nation.


FTC TSR Returns

The federal ‘Telemarketing Sales Rule’, in effect since 1996, has produced monetary judgments totaling more than $152 million in consumer redress and $500,000 in civil penalties to-date. Most of the 121 law enforcement actions taken by the FTC involved fraudulent credit card offers and fraudulent credit card protection programs. The ‘TSR’ requires telemarketers to make specific disclosures of material information; prohibits misrepresentations; limits the hours that telemarketers may call consumers; prohibits calls to a consumer who has asked not to be called again; and sets payment restrictions for the sale of certain goods and services. The ‘TSR’ was mandated by Congress through the ‘Telemarketing and Consumer Fraud and Abuse Prevention Act of 1994’. The Act also authorizes state attorneys general to enforce the ‘TSR Rule’ in federal court. (CF Library 2/28/01; 6/21/00; 8/13/99; 12/10/98; 7/16/97)


Healthcare POS

NJ-based was granted a patent yesterday for its point-of-service, third-party adjudicated payment system for the healthcare industry. The system includes a point-of-service terminal which accepts a payment system access card, such as a credit card or debit card, to access a payment system which transfers funds in accordance with the adjudicated settlement transaction. Using this system, healthcare providers can receive payment from both the patient and the insurance company in as little as 48 hours as opposed to the average physician receivable age in the United States of approximately 60 days. In September, 2000, the company closed a $42-million equity financing round from Empire Blue Cross and Blue Shield; Internet HealthCare Group; Johnson & Johnson Development Corporation; and Prism Venture Partners to speed the deployment of its point-of-service settlement technology.


Greenland Funding

Greenland Corporation announced that the Company has completed an agreement with an institutional private equity investor committing to $35 million of equity financing over three years, subject to registration and effectiveness with the SEC. The net proceeds of this funding will be used to pay down a portion of current and long-term debt and for general corporate purposes, which may include acquisitions.

Newly elected President and CEO, T. A. “Kip” Hyde, Jr. stated that, “During the sixty-days since my arrival at Greenland, I have had the opportunity to fully review the significant issues confronting the Company. These include the current software litigation, the need for strategic alliances, acquisition opportunities, and the role that Greenland can most successfully play in the market.”

Hyde added, “This financing agreement is the first step towards implementing Greenland’s plan to focus the corporation on growth that will immediately enhance shareholder value. We are pleased with both the terms of this agreement and the vote of confidence that our institutional investor has placed in Greenland’s new management team.”

About Greenland Corporation

Greenland Corporation is a holding company which operates a wholly owned subsidiary called Check Central that performs check cashing transaction processing and is a developer and manufacturer of the MaxCash(TM) Automated Banking Machine (ABM) providing self service check cashing, ATM functionality, phone card and money order dispensing, as well as other products and services. The Company’s common stock trades on the OTC Bulletin Board under the symbol “GLCP.” Visit Greenland Corporation on the Internet at [][1].



True Fixed Rate

Credit card interest rate competition in Britain, spurred by US-based issuers, escalated this morning as The Co-operative Bank unveiled a five-year, fixed rate VISA card. The bold strategy is unprecedented in the US or UK credit card industry. The Co-operative Bank’s new ‘Platinum VISA’ card offers a 9.8% APR, fixed until April 30, 2006. The card has no annual fee and offers cardholders a grace period up to 46 days. The long-term, fixed rate applies to both new purchases and balance transfers. The Co-operative Bank has been a pioneer of bold credit card offers. According to international monitor, RAM Research Group, Co-operative introduced a ‘Free-for-Life VISA Gold’ card in 1991. Co-operative unveiled the first biodegradable credit card in 1997, the ‘Greenpeace VISA’ card. The bank also launched one of the first Internet banks in the UK, ‘smile’, in 1999, which offers a special VISA card with a variable interest rate of 9.9%. Competition in the UK has been aggressive since MBNA, Capital One, Household, Providian, Prudential, People’s Bank and other US issuers have come ashore. Last week, MBNA Europe announced the acquisition of Abbey National’s credit card portfolio of 550,000 cardholders for $400 million. (CF Library 3/20/01; 6/2/00; 4/17/00)


Visa’s McNally

VISA International announced Tuesday the promotion of Caroline McNally from SVP to EVP of global brand management. She formerly held marketing positions at American Express and MasterCard and is a frequent lecturer. McNally joined VISA in 1990 and has held positions including director of international marketing, communications and destination marketing and vice president of global brand marketing. She became senior vice president of global brand management in 1997. As EVP, McNally will be responsible for global brand strategy leadership, including directing VISA’s global brand strategy development; creating new brand expressions and brand communications; establishing and monitoring brand and corporate identity standards worldwide and conducting market intelligence. She is also responsible for measuring and monitoring worldwide brand performance for VISA, evaluating opportunities to expand the VISA brand and building a brand culture within VISA.