GERMANY

Giesecke &
Devrient (G&D), an internationally operating technology group announced
the official launch of their expanded website http://www.gdai.com to meet the needs
and interests of their North American corporate customers.
The extensive section devoted to Cards & Card Systems provides
comprehensive information on leading-edge solutions and also demonstrates
G&D’s focused commitment to building a smart future for its Canadian, U.S. and
Mexican business partners.

“We are committed to growth, innovation, technology and people. The
release of this expanded website is a first step as G&D embarks on a new
“frontier” for strategic growth and innovation that will strengthen and
reinforce that commitment,” says Jim Frye, President of Card Systems, United
States and Canada. “I am excited with this new unified front, as it will offer
customers advantages in service and support that extend throughout the United
States and Canada and into the global marketplace.
This is a time of substantial growth for G&D, as we lead the way in the
areas of Magnetic Stripe, Smart Cards, Fulfillment and eBanking solutions for
North America,” adds Mr. Frye.

Special website highlights include; G&D’s Products & Service from Design
Concepts to Manufacturing through to Card Issuance, Forms Management and
Statement Processing, The G&D website clearly demonstrates the organization’s
full in house end-to-end business solutions. For those interested in
developments in Mexico, the G&D Mexico website can be accessed via the Mexican
Flag on the home page. Visitors are also able to view Munich headquarters and
worldwide subsidiaries on G&D’s Munich site through a direct link in Profile.

Another area that is expected to draw a lot of attention is the Consumer
Showcase where consumers and customers can view How a Card is Produced, and
are invited to submit their ideas on what they would like to see in card
technology. Additionally, they can view G&D’s first phase Gallery of Cards
including two cards in which G&D won finalist awards for Best Secure and Best
Non-Secure Card Design from the International Card Manufacturers Association
in 2000.

Finally, if viewers would like further information, they can readily
download G&D’s On-line brochures or request a copy of the bi-annual color
publication G&D Report Magazine which highlights G&D worldwide with cover
stories, new innovations, current applications, markets and the latest
technology research.

Giesecke & Devrient (G&D) is an internationally operating technology
group. With nearly 150 years of history, the Giesecke & Devrient of today
upholds their tradition as a trusted leading supplier of banknotes and
security documents, banknote and security paper and currency automation
systems as well as cards, components and complete multifunctional Smart Card

systems for electronic payments and telecommunications. The group also offers
end-to-end solutions for security in e-business. G&D is on the leading edge of
Smart Card technology in the areas of PKI, Biometrics, e-Commerce, m-Commerce,
Internet Banking Solutions, Telecommunications, Transportation, Health Care,
Secure Identification and Systems Consulting.

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CANADA

TSYS announced a five-year agreement with Amicus FSB, a subsidiary of Canadian
Imperial Bank of Commerce (CIBC) and a part of the Amicus division of CIBC, to
process a new Visa consumer credit card it will issue. This agreement
broadens a relationship TSYS and CIBC have shared since 1994 when TSYS began
processing CIBC’s commercial credit cards. Furthermore, the agreement
supports TSYS’ three-year strategic plan to extend its core processing
business.

Amicus partners with leading brand retailers to provide electronic
financial services, including Marketplace Bank, Safeway SELECT Bank and Yahoo!
PayDirect in the U.S. and President’s Choice Financial in Canada. Amicus has
547,000 e-banking customers and is acquiring approximately 30,000 more each
month.

Under the agreement, TSYS will provide a complete range of services to
include processing on its TS2 platform; various elements of customer contact;
and remittance processing through Synovus Financial Corp.(R)
“TSYS offers the full range of services needed to help us aggressively
enter new markets,” said Amicus spokesperson, Robert Almeida. “The retail
market requires a tremendous amount of flexibility for changes and promotions
to be offered on demand. TS2 allows us the freedom to adapt our products to
this market. The partnership with TSYS will allow us to deliver the value and
convenience of one-stop shopping to our customers that has become so important
in their busy lives.”

“TSYS has a strong track record of helping financial institutions and
retailers prosper. The expertise we bring to Amicus will enable them to
pursue new retail relationships and launch new credit card programs quickly,”
said TSYS President, Philip W. Tomlinson.

About Amicus FSB

Amicus FSB is a wholly owned subsidiary of CIBC and is part of the Amicus
division of CIBC. Amicus FSB is headquartered in Cicero, Ill., with branch
offices in Fairfield, Calif., and Maitland, Fla. CIBC is a leading North
American financial institution offering more than eight million personal
banking and business customers a full range of products and services through
its comprehensive electronic banking network, branches and offices across
Canada, in the United States and around the world. CIBC is a leader in
electronic banking, with more than three million e-banking customers accessing
telephone and Internet banking, and brings extensive e-banking experience and
capability to the U.S. market.

About TSYS

TSYS brings integrity and innovation to the world of electronic payments.
TSYS serves as the integral link between buyers and sellers in the rapidly
evolving universe of electronic payments. With nearly 200 million accounts on
file, TSYS makes it possible for millions of consumers to use their credit,
debit, stored value, commercial, chip and retail cards anytime, anywhere
through any medium or portal. TSYS and its family of companies offer a full
range of acquiring and issuing services from accepting electronic payments for

goods and services, to credit applications and collections.

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RPPS in OFX

MasterCard’s ‘Remote Payment and Presentment Service’ has added an enhancement that enables its payments system to carry information linking electronic payments to electronically-presented ‘Open Financial Exchange’ bills. The new capability allows a biller service provider to match a payment received from a customer service provider via the ‘RPPS’ system to a previously presented ‘OFX’ bill. The new feature includes complete settlement. Linkage is enabled whether or not the bill was originally presented via the RPPS presentment switch.

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UK

The European Region of Visa International
(Visa EU) reported another year of exceptional results, with
double-digit growth across all key performance measures. During 2000, total
cardholder spending increased by 20 per cent to nearly Euro 600 billion
(377 billion* pounds sterling), while card numbers were up by 14 per cent to
over 177 million. The number of transactions on Visa cards totalled
8.6 billion – some 275 transactions per second.

All Visa products showed strong growth. Cardholder expenditure at Point of
Sale grew by 23 per cent, year on year, significantly better than the
competition.

Visa Debit cards are used for an average of 65 transactions in a year,
with 43 of these at Point of Sale — 150 per cent more than the nearest
competitor product. Expenditure on Visa Debit totalled Euro 232 billion
(146 billion* pounds) with year on year growth of 23 per cent.
“Visa EU is growing faster than the competition in terms of cardholder
expenditure at Point of Sale,” said Hans van der Velde, President of Visa EU.
“Nearly three quarters of Visa transactions are at the Point of Sale and, in
this all important measure, no other bank card payment system comes close.
This is a significant vote of confidence in Visa products and the Visa brand
— importantly, made by the consumers themselves.”

Card issuance showed healthy increases in individual markets and several
milestones were passed UK (12 per cent increase in card numbers, over
61 million cards in circulation); Spain (13 per cent, 26 million); France (14
per cent, 19.4 million); Italy (17 per cent, 11.4 million); Germany (19.5 per
cent, 8.1 million); Sweden (12 per cent, 4 million); and Norway (15 percent,
2.7 million). The average increase in Point of Sale spend for these seven
markets topped 22 per cent.

Visa Commercial products — which provide travel and entertainment, and
procurement solutions for European companies — also showed sharp increases.
Total transactions were up 38 per cent, with associated Point of Sale volumes
increasing by more than 47 percent.

Technology development during 2000 focused on increasing security of
payments. Mr. van der Velde said, “We recognise there is increasing concern
about fraud. Chip is the solution to much of it. Visa EU is leading the
industry in the migration to a chip-enabled environment through our incentive
package, totalling Euro 168 million. We are serious about eliminating fraud
and this investment demonstrates our commitment.”

And referring to security of e-commerce transactions, where over 50 per
cent of all internet transactions are made using a Visa card, Mr. van der
Velde added, “I am delighted that consumers’ preference for Visa extends to
the internet. In the ‘virtual’ world it’s essential that consumers feel as
confident as in the ‘physical’ world when making a purchase. We are making
real progress with our Secure E-Commerce initiatives (based on 3D SET).
Internet merchants and shoppers must be able to count on the Visa brand.”
“We are going from strength to strength in Europe,” Mr. van der Velde
continued. “We remain the most efficient operator in Europe, providing real
value for money for our European Members, whilst positioning Visa as a leader
in virtual payments.”

About Visa International

Visa is one of the world’s leading payment brands and one of the largest
payments system worldwide. Visa-branded cards generate more than US$1.8
trillion in annual volume and are accepted at over 21 million locations around
the world. The Visa organization plays a pivotal role in advancing new
payment products and technologies to benefit its 21,000 member financial
institutions and their cardholders. Visa is a leader in Internet based
payments and is pioneering the creation of u-commerce, or universal commerce –
the ability to conduct commerce anytime, anywhere, over any type of device.
Visa’s Internet Address is http://www.visa.com .

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UK

Visa International announced that its member financial institutions have
issued
42 million Visa-branded smart cards worldwide.
Europe continues to dominate Visa smart card growth with some 34 million
cards,
followed by Asia Pacific with 6 million. Other regions, including the U.S.,
Latin America, Central and Eastern Europe, Middle East and Africa, bring the
total number of Visa branded smart cards to 42 million.
Gaylon Howe, executive vice president, Consumer Product Platforms at Visa
International, said “When we last audited our smart card figures two years
ago
we had 23 million smart cards worldwide. We have now nearly doubled that
figure
and the pace of growth will only accelerate as more financial institutions
begin to use chip technology.”
Smart cards – chip-based payment cards – can provide users with a variety of
new services and higher levels of security. They are a key lever in Visa’s
goal
of enabling u-commerce – or universal commerce – the ability to conduct
commerce anywhere, anytime and over any type of device.
Visa has introduced a number of major initiatives to support member banks that
plan to launch smart card programs. In the Visa EU region, Visa has committed
to investing 168 million euros (US$151 million) to accelerate the introduction
of chip-card technology in its market. In the U.S., Visa USA has launched its
smart Visa program to enable banks to offer added security, utility and
convenience to consumers and businesses. Three US banks, First USA, Fleet
Boston and Providian Financial, are now issuing the new smart cards.
At the same time, banks are being offered substantial discounts on the cost of
introducing chip technology as a result of special deals negotiated by Visa
with global vendors and chip manufacturers. This effort includes new Open
Platform multi-application smart cards costing less than US$3 each as well as
discounts on both front and back end system components.
“While most of the Visa smart cards today are single application cards,
such as
credit or debit cards, there is growing demand for cards which are able to
perform multiple functions and provide greater convenience and utility to the
cardholder,” Howe said. “We have been working with major vendors to bring down
the cost of these cards and the systems that support them.”
Visa is the world’s leading payments brand and the largest payments system
worldwide. Visa-processed more than US$1.8 trillion in sales volume in 2000,
and Visa cards are accepted at over 21 million physical locations around the
world. The Visa organization plays a pivotal role in advancing new payment
products and technologies to benefit its 21,000 member financial institutions
and their cardholders. Visa’s Internet Address is
www.visa.com.

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CHINA

NCR Corporation has announced
a $1.5 million deal with the Tianjin Branch of the Agricultural Bank of China.
The order involves the purchase of NCR’s Personas 85 and Personas 74 machines
and is further evidence of NCR’s dominant position in the rapidly growing
self-service market in China.

Personas 85 is a full function exterior Self-Service TouchPoint(TM),
providing a range of services such as dispensing cash, cashing checks, paying
bills, account inquiries, passbook and document printing.

Personas 74 is an interior ATM which, in addition to dispensing cash,
provides services such as account transactions and inquiries. In addition to
offering banks a convenient method of performing activities traditionally
handled by the teller, there is a clear opportunity for generating additional
revenue by dispensing non-cash items such as stamps, tickets and coupons.

This latest deal follows hard on the heels of three significant
announcements in 2000. In November, NCR confirmed

* a major $14 million deal with the Bank of China, which represented the
lion’s share of an ATM bulk-purchase order and strengthened NCR’s
position as the lead supplier to the bank

* the purchase of 100 NCR Self-Service TouchPoints by China Construction
Bank in Guangdong, enabling the bank to expand geographical coverage

* a further $2 million plus contract with the Beijing branch of
Industrial and Commercial Bank of China (ICBC), which included the
purchase of NT-ready Personas 75 and Personas 85 machines.

Peter Zee, NCR’s vice president of Greater China Area, Financial Solutions
Division, said, “We continue to expand market share in the Greater China area,
building on our traditional strength in self-service solutions. In China
itself, our business has benefited from increased investment in self-service
solutions by large local banks in preparation for China’s entry into the World
Trade Organization. NCR is proud of the trust our customers put in the
company in making us the leading supplier of ATMs in China.”

About NCR Corporation

NCR Corporation (NYSE NCR) is a leader in providing Relationship
Technology(TM) solutions to customers worldwide in the retail, financial,
communications, manufacturing, travel and transportation, and insurance
markets. NCR’s Relationship Technology solutions include privacy-enabled
Teradata(R) warehouses and customer relationship management (CRM)
applications, store automation and automated teller machines (ATMs). The
company’s business solutions are built on the foundation of its long-
established industry knowledge and consulting expertise, value-adding
software, global customer support services, a complete line of consumable and
media products, and leading edge hardware technology. NCR employs 32,900 in
more than 100 countries, and is a component stock of the Standard & Poor’s 500
Index.

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CANADA

724 Solutions Inc., a premier provider of
secure mobile commerce application software, announced it is cooperating
with Nokia Networks, the infrastructure arm of Nokia, to market and deploy the
Nokia Activ Signet Solution with the 724 Solutions Financial Services
Platform.

By combining 724 Solutions FSP with the Nokia Activ Signet Solution, 724
Solutions will extend its capability of enabling “anytime, anywhere” access to
trusted banking and investment services by offering further digital-signing
capabilities via mobile devices on banking and business-to-business
transactions that demand high security. For example, with recent legislation
passed in important markets, such as United States, Europe and Singapore, many
contracts signed by digital signature are legally binding, making digital
signatures the Internet equivalent of traditional hand-written signatures,
thus expanding the realm of services that may be offered via mobile handsets.
The Nokia Activ Signet Solution is a recently introduced solution for
secure mobile e-commerce that will meet with corporate needs by enabling
certificate and digital signature validation and online certificate
enrollment. The solution will be based on open standards, such as the Wireless
Public Key Infrastructure (PKI), on which the security aspects of the WAP 1.2
specification is built. The Nokia Activ Signet Solution will support WAP 1.2
compatible phones which will include Wireless Identity Module (WIM), the
tamper-resistant module for private key storage and crypto operations.

“Our relationship with Nokia reinforces our commitment to work closely
with the leading manufacturers and security providers,” said Alistair Rennie,
General Manager, Applications 724 Solutions Inc. “Nokia is clearly an
important player on mobile e-commerce solutions. Working with Nokia enables us
to bring to the financial services industry further flexibility and broad
interoperability of an advanced range of security solutions.”

Jukka Riivari, Director, Sales and Marketing, Corporate, Nokia Networks,
states “We are delighted to be working with companies, such as 724 Solutions,
on mobile financial services solutions. The Nokia Active Signet Solution will
provide easy to use mobile e-commerce solutions that will be essential to the
faster adaptation of new services. With 724 Solutions, we will be able give
customers quick access to turnkey solutions when they want to undertake a new
range of wireless transactions, such as large-value funds transfer, loan and
mortgage agreements, and credit card applications.”
724 Solutions will work together with Nokia to enable its customers using
the FSP to deploy 724 Solutions’ m-banking and m-brokerage offerings in
conjunction with Nokia products.

About 724 Solutions Inc

724 Solutions Inc. is a leading global provider of Internet
infrastructure software that enables the delivery of secure mobile transaction
solutions across a wide range of Internet-enabled devices. The 724 Solutions
suite of products and services enables companies to monetize the Internet by

building, deploying and integrating personalized and secure mobile commerce
and lifestyle applications. The company also offers end-to-end customer
support through its global application hosting and contact center services.
724 Solutions’ customers have a combined customer base totaling more than 270
million consumers worldwide. With dual headquarters in Toronto, Canada, and
Austin, Texas, the company has development and sales offices around the world,
including Australia, Barbados, Finland, France, Germany, Japan, the
Netherlands, Switzerland, the United Kingdom and the United States. 724
Solutions’ common shares are listed on the NASDAQ National Market (SVNX) and
The Toronto Stock Exchange (SVN). For additional information visit http://www.724.com.

About Nokia

Nokia is the world leader in mobile communications. Backed by its

experience, innovation, user-friendliness and secure solutions, the company
has become the leading supplier of mobile phones and a leading supplier of
mobile, fixed and IP networks. By adding mobility to the Internet, Nokia
creates new opportunities for companies and further enriches the daily lives
of people.

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BELGIUM

De La Rue PLC announced this week it will buy Ascom Business Unit Cash
Handling Belgium from telecommunications and service automation company
Ascom Autelca AG for EUR622,000. De La Rue is the world’s largest
commercial security printer and paper maker, involved in the production of
over 150 national currencies and a wide range of security documents such as
stamps and vouchers as well as brand protection.

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CANADA

Global Payments Inc. announced that it has closed a transaction with
Canadian Imperial Bank
of Commerce, originally announced on November 9, 2000. Global has
acquired certain net assets of the merchant acquiring business of CIBC and has
formed a ten-year marketing alliance with CIBC to offer VISA credit and debit
card payment products and services to merchants in Canada. The acquisition
and the related marketing alliance significantly broaden Global’s scope and
presence in North America and provide customers served by CIBC’s merchant
acquiring business with an array of additional payment solutions. The
combined operations of Global and CIBC’s Canadian business include processing
2.4 billion transactions annually from approximately 915,000 merchant
locations in North America. Annual revenue from CIBC’s Canadian business was
$92.0 million for the year ended October 31, 2000.

Under the terms of the purchase agreement, Global has issued 9,764,623
shares of common stock to CIBC, providing CIBC with a 26.25% ownership
position in Global Payments.

“The commencement of this partnership is an exciting milestone for Global
Payments,” said President and CEO Paul R. Garcia. “We enthusiastically
anticipate the opportunities this relationship affords all of our
constituencies,” he said.

David Marshall, Vice Chairman of CIBC, said, “We are very pleased to be
working with Global Payments, and we are convinced that our alliance will
yield numerous benefits for our North American customer base.”

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.
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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ISRAEL

OTI announced the launch of its Saturn Reader – the first fully integrated
smart
card reader to accept both ISO 7816 contact cards and ISO 14443 Type A, B, and
D contactless cards, including the Mifare platform — at the CeBIT Trade Fair
in Hanover, Germany. The Saturn was developed in response to customers
wishing to support multiple applications and upgrade from existing smart card
implementations to the secure, multi-application contactless-based solution
offered by OTI.

For example, in a mass-transit implementation, a transit authority with
single-application contactless ASIC smart cards may wish to offer a
contactless smart card with multiple applications such as a loyalty program
and a payment platform supported by financial institutions. Rather than incur
the costs of replacing the entire system at once, the transit authority can
exchange its current smart card readers for the Saturn, which can accept both
types of cards. Existing cards will be seamlessly accepted by the new reader
while the transit authority begins a gradual card replacement program to move
customers to the multi-function contactless smart card.

The user-friendly Saturn reader, based on OTI’s revolutionary EYECON
technology platform, is a multi-function contact and contactless smart card
reader designed to interface with either a PC or point-of-sale (POS) terminal.
The Saturn’s software resides on a flash memory card to allow rapid,
trouble-free upgrades after installation. A combination of technology and
software protocols maintains a high level of security during the transaction
process.

“Our Saturn line of readers offers a single user-friendly interface to
multiple smart card operations, meeting the existing and future needs of our
customers,” said Oded Bashan, President and CEO of OTI. “As the first reader
in the industry to provide multiple ISO-standard contact and contactless
functionalities, we are providing the ultimate user solution to our customers,
enabling them to move from existing systems to a preferred, more advanced
technology.”

The Saturn’s multipurpose, compact design maximizes valuable counter space
during the conversion process. Customers with contactless smart cards merely
place the card into the recessed resting pad, while contact cards are inserted
into the horizontal card slot. Development tools are available to integrate
the Saturn into a variety of environments. The Saturn can also be combined
with contactless solutions from OTI to offer the ultimate in smart card
functionality. The Saturn Reader will be demonstrated at OTI’s booth at CeBIT
2001, March 22-28 in Hall 23, Booth 53B.

About OTI

Established in 1990, OTI (On Track Innovations) designs and develops
contactless microprocessor-based smart card technology to address the needs of
a wide variety of markets. Applications developed by OTI include product

solutions for mass transit, parking, gas management systems, loyalty schemes,
ID and secure campuses. OTI has regional offices in the US, Europe, Asia
Pacific, and Africa to market and support its products. The company was
awarded the prestigious ESCAT Award for smart card innovation in both 1998 and
2000.

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south KOREA

Poised to tap Korea’s
burgeoning consumer credit market
as part of its global expansion, Fair, Isaac and Company, Inc. said
it will provide a range of products and
services to one of Korea’s leading credit card issuers.

Seoul-based Samsung Card Co. Ltd., a unit of the Samsung Group, will
deploy
a number of Fair, Isaac decision technology
solutions to help establish long-term, personalized relationships with its
eight million credit card customers. The technology will
also help Samsung rapidly expand its customer base in this growing market.
Korea currently has about 20 million credit card holders, and this number
is expected to grow rapidly as a result of
government incentives, changes in consumer spending habits of Koreans and the
absence of a check payment system. Along with
Fair, Isaac, Samsung is betting heavily that credit card applications and
usage
will expand as non-cash payment methods become
more commonplace.

Tom Grudnowski, Fair, Isaac’s CEO, said recently, “We are extremely
pleased
that Samsung has elected to use Fair, Isaac’s
technology to create really meaningful relationships with its customers in
Korea. We are very aware of the special needs of
emerging consumer credit markets and the importance of developing loyalty and
stepped-up activity with consumers who have
little familiarity with credit card use.”

Hyungseok Lee, Strategic Information Team Leader at Samsung, added, “For
Samsung, our success in Korea will depend
largely on our ability to create appropriate services and convenience for our
customers. We chose to work with Fair, Isaac
because of the company’s global reputation in helping credit grantors better
understand and service their customers. Fair, Isaac
enables us to effectively measure many factors about our consumers right at
the
beginning of our relationship. That means we are
better able to tailor product offers to specific needs — an ability that is
core to our long-term success.”

As part of the agreement, Samsung will utilize Fair, Isaac’s
StrategyWare(R) decision engine for account origination and
predictive models to create precise, customer-appropriate offers when accounts
are opened. StrategyWare provides risk
managers with an ability to design, test and execute complex decision
strategies without relying on programming support.

This new agreement extends an already successful and long-term
relationship
between Samsung and Fair, Isaac, which
includes the use of the TRIAD(TM) adaptive control system for customer and
account management, behavior scoring models
and other Fair, Isaac products.

About Fair, Isaac

Fair, Isaac and Company is a global provider of customer analytics and
decision technology. Widely recognized for its
pioneering work in credit scoring, Fair, Isaac revolutionized the way lending
decisions are made. Today the company helps

clients in multiple industries increase the value of customer relationships.
Fair, Isaac has made the Forbes list of the top 200 U.S.
small companies eight times in the last nine years.

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