LUXEMBOURG

NEXOR, Ltd, the leading provider of secure messaging and directory
solutions, announced a strategic alliance with
EuroSignCard S.A. a trust centre with operations in Luxembourg serving the
financial sector.

The partnership will enhance the EuroSignCard PKI offering with the secure
messaging capability of NEXOR. This will be
marketed to the European Union market, with particular concentration in the
Benelux area of operations.

“We are delighted to be working with a company that markets the highest
calibre of secure messaging products, products
demanded by our customers,” reports D.G. Sweigert, Managing Director of
EuroSignCard S.A. “NEXOR’s record of
achievement with financial institutions in the European Union speaks for
itself,” Sweigert continued.

NEXOR’s directory products will create a PKI repository for EuroSignCard’s
PKI trust centre in Luxembourg. This will
enable EuroSignCard to deliver enhanced PKI solutions to the European Banking
Community. They will also work towards
interoperability and compatibility testing of digital signatures conforming to
the new European Union Digital Signature Directive.
NEXOR were selected as the preferred directory vendor because of the product
scalability, throughput and proven
interoperability.

“EuroSignCard are a driving force in the adoption of European Digital
Signatures and we are extremely pleased to be working
with them to deliver solutions that meet the needs of modern financial
institutions,” reported Ed Harrington, Vice President for
Strategic alliances at NEXOR. “This alliance can only strengthen both parties
capabilities and considerable reputation in
European Finance.”

NEXOR’s directory technology is currently utilised by the majority of
European Federal Banks including the Bank of England,
Deutsche Bundesbank and the European Central Bank.
EuroSignCard S.A. should not be confused with EUROCARD, a registered
trademark of EuroPay of Waterloo, Belgium, or
MasterCard, a registered trademark of MasterCard International, New York City,
USA.

About EuroSignCard S.A.

Headquartered in Luxembourg, EuroSignCard S.A. provides security technology
for electronic transactions to commercial and
government organizations. EuroSignCard products include Public Key
Infrastructure (PKI) architectures, smart cards, and
cryptography techniques. EuroSignCard S.A. is a solution partner of Baltimore
Technologies and Identrus LLC. The firm
specialises in technology that complies with E.U. Directive 1999/93. Corporate
web site www.trusttheweb.com or www.eurosigncard.com.

About NEXOR

Founded in 1990, NEXOR is an international software house with offices in
Nottingham, UK and Virginia, USA. NEXOR
provides organisations with sophisticated methods for managing and securing
their electronic communications. The company has
a significant presence in military, federal and financial markets where secure
and reliable communications are imperative.
NEXOR’s products combine an understanding of mission critical messaging
environments with a history of providing leading edge
technology. This industry and technical credibility is reflected in the current
range of products which are enhanced by
comprehensive support, consultancy and training services.

Details

United Kingdom

UK-based Halifax and ipoints have teamed up to launch a credit card that is the
first internet credit card that allows cardholders to earn points towards free
rewards, and puts ipoints
head-to-head with the likes of NatWest/Airmiles and Barclaycard credit cards.

Cardholders will earn ipoints whenever they shop, both online and offline at 19
million establishments worldwide. The ability to earn ipoints
with all credit card spend, combined with earning ipoints with more than 50
participating companies, makes the ipoints rewards programme
the fastest way to earn free rewards.

The VISA card offers – competitive rates – with a low introductory rate of 3.9%
APR fixed for the first 5 months, a competitive 17.9% APR on
purchases, internet shopping guarantee, online applications and statements.
Customers who apply online will also benefit from the 100
ipoints being issued on application & activation of the card as well as all
card purchases.

It is the ability to earn free rewards & the breadth of the ipoints rewards
catalogue that sets it apart it covers over 200,000 different free
rewards from CDs, DVDs, TVs to flights to 27 countries around the world. With
this powerful combination, ipoints expect the ipoints credit
card to be one of the top three Internet credit cards within the year.

Speaking about the card Geraldine Tosh, Marketing Director of ipoints said “We
are pleased to be able to offer our customers the chance to
add to their reward points every time they use the new card. They won’t have to
be using on-line services exclusively to earn more points,
they can earn ipoints wherever they are shopping. This is the start of a new
trend – from Clicks to Bricks as we offer customers the chance to
use a credit card to build up ipoints from anywhere on the High Street or
anywhere in the world. It’s the perfect match of on-line convenience
coupled with an easy way to build up your ipoints when shopping on and offline.
This means that you can make fullest use of the Internet to
exactly fit with your lifestyle and purchasing pattern.”

Both Members and non-Members can apply for the Card at
http//www.ipoints.co.uk or by calling 0800 389 1166

Details

United Kingdom

Schlumberger Test & Transactions, a
business segment of Schlumberger Limited [NYSESLB], announced today that it
had been selected by Streamline, part of The Royal Bank of Scotland Group,
as one of its core suppliers for point of sale terminals for its
UK-merchants. Following an initial pilot, Schlumberger will complement the
terminal base of Streamline with MagIC* 6000 smart card-ready POS terminals.

The POS infrastructure will help Streamline take full advantage of the
competitive opportunities offered by the new generation of EMV (Europay,
Mastercard, Visa)-compatible smart payment cards. Full software
compatibility across the MagIC product range makes it an ideal platform for
the sustained evolution of new, differentiating services in an increasingly
competitive marketplace.

MagIC 6000 terminals are EMVCo Level 2 approved – among the first terminals
worldwide to achieve this status – and accept any EMV-compatible smart
payment card, as well as traditional magnetic stripe cards.

Project management, technical support and software development teams operate
from the Schlumberger UK center in Ferndown, Dorset. “The quality of these
specialist skills was of prime importance to the bank. To us, the team
behind the product is as important as the product itself,” said Tony
Surridge, director of Retailer Card Services for The Royal Bank of Scotland
group. “We have been impressed by the quality of the terminal and the
commitment from the UK sales and support team. They have delivered and that
is very important to a market leading organisation like Streamline.”

“EMV migration is a major strategic milestone for any bank, and our
customers deserve tangible proof of our commitment to their marketplace,”
said Bertrand Knopf, vice president Schlumberger e-Payment. “Global
presence is certainly important, but what our customers really want is
expert, reliable, local support. That’s why we’ve invested heavily in
building a dedicated technical team for the UK.”

The right terminal infrastructure is widely seen as a critical part of any
successful payment strategy. Speed, reliability and ergonomics of terminals
are important in shaping attitudes of retailers and customers interfacing
with the payment infrastructure. Compact, fast, and friendly MagIC 6000
terminals provide a high level of security, with firewalls and secure
application-download facilities. Their extended memory and Secure
Application Module capabilities support multiple applications from standard
payment cards such as credit/debit and e-purse, to custom services such as
loyalty and co-branding.

About Schlumberger

Schlumberger Test & Transactions provides consulting, integration and
products for smart card-based transactions, IP (Internet Protocol) network
security and wireless services, and for testing and measurement of
semiconductor devices. With 2000 revenue of $1.4 billion and over 8000
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 www.slb.com

About Streamline

Streamline Merchant Services, part of The Royal Bank of Scotland Group, is
Europe’s largest card payment acquirer processing over 1 in 3 of all UK card
transactions. No one processes more types of major card schemes than
Streamline MasterCard, Maestro, Visa, Visa Debit, Visa Electron, Visa
Purchasing, Switch, Solo and JCB as well as many minor schemes. The Royal
Bank of Scotland Group is one of the largest in the UK, serving more than 15
million customers.

Details

CHINA

China is set to interlink banking cards throughout the country. The People’s
Bank of China said last week that efforts will be made to reform banking card
management systems, largely improving the banking card handling environment so
as to promote the use of banking cards. China’s banking card business started
in 1985 and now involves 55 institutions issuing 277 million domestic cards and
nearly 200,000 international cards. Annual card volume last year hit 4.53
trillion yuan. Cards in China are accepted at 125,000 banking outlets, 100,000
merchant locations, 37,000 ATMs and 290,000 POS terminals. In 1993, China
launched the ‘Golden Card Project’, which aimed to realize inter-bank linking
of banking cards.

Details

FRANCE

Three leaders in the smart
card industry, Gemplus, Oberthur Card Systems and Schlumberger revealed that
they have been working together in collaboration with Sun
Microsystems to develop completely interoperable SIM cards based on the Java
Card technology 2.1 specifications.

Since its inception, the Java platform has been adopted across the
technology industry faster than any other new technology in history. Due to
its flexibility, security, ease and increased speed of development, Java
technology has been adopted as a leading open standard for the smart card
industry particularly within the mobile communications sphere.

Java Card technology 2.1 is a readily available open platform card on the
market today. Differences in SIM card implementations by the various
hardware and software providers resulted in the need for common work between
SIM card suppliers to realize complete interoperability.

Based upon the recent ETSI and Sun Microsystems specifications, Gemplus,
Oberthur and Schlumberger have worked closely to reach a standard
implementation for Java Card technology 2.1 on SIM cards, thereby realizing
complete interoperability across all Java technology based cards produced
for the wireless industry. A common standard based on Java Card technology
2.1 provides complete interoperability, while still allowing developers to
provide operator-specific solutions.

Mobile operators need fully compliant and interoperable SIM cards based upon
the Java Card technology 2.1. In a direct response to this the three most
advanced Java Card technology 2.1 suppliers to the GSM market Gemplus,
Oberthur and Schlumberger took the lead to achieve this with the intention
that the common work will be made available to the SIMalliance1.

This co-operation by Gemplus, Oberthur and Schlumberger in collaboration
with Sun Microsystems ensures that operators can experience the benefits of
Java technology’s Write Once, Run Anywhere(tm) promise.

“We view Java Card technology as a leading open technology for SIM Cards and
expect tremendous growth in this segment in the coming years” comments
Gemplus’ Michel Canitrot, Vice-President, GSM & Public Telephony, “Complete
interoperability is a crucial goal to achieve and now the hard work has been
carried out, our customers can roll out bigger, better services in record
time. In turn, this strengthens the position of the SIM Card as the
preferred platform for mobile services.”

“With the deployment of new technologies, mobile operators are searching to
maximize on their heavy investments and launch a host of value-added
services to gain competitive advantage, with this in mind the issue of
interoperability becomes paramount, ” explains Stephane Mousse, Head of
Marketing for Mobile Communications at Oberthur Card Systems. “For a long
time, the smart card industry has sought after complete interoperability,
this move to work together to reach a common interpretation of existing
standards is the start of the dream becoming reality for both existing and
new generation networks.”

“Schlumberger is pleased to demonstrate true interoperability of Java SIM
cards, which is the result of our continuous efforts to make our vision of
open operating systems for smart cards a reality” comments Xavier Chanay,
Vice President Mobile Communications, Smart Cards Products at Schlumberger.
“Mobile operators now have an open and secure SIM platform to deliver new
services quicker, at a time when the data channel is contributing more and
more to their profitability.”

About Gemplus
Gemplus (www.gemplus.com) is the world’s number one
provider of smart card
based solutions for security, wireless and e-business applications. Offering
consulting services, design, software, hardware, personalization and full
implementation, Gemplus works with its customers around the world to deliver
comprehensive, integrated and tailor-made smart card based systems.

The Group’s customers use Gemplus memory and microprocessor smart cards,
smart contactless cards, electronic tags, smart objects and magnetic stripe
cards to simplify and secure a wide range of applications. From Web based
and mobile commerce to financial transactions, loyalty, transportation,
education healthcare, identity, pay TV and physical and logical access
control, Gemplus provides intelligent end-to-end solutions that bring
security, convenience and ease-of-use to millions of people worldwide.

Founded in 1988, Gemplus had sales of over 767 millions of Euro ($US 817
millions) in 1999, and employs almost 6,300 people in 17 manufacturing
facilities, 7 R&D centers and 44 sales and marketing offices located in more
than 37 countries.

Details

United Kingdom

Euronet Worldwide, a leading provider of
secure electronic financial transaction solutions, announced revenues of $52.7
million for 2000, an increase of 27% over 1999
revenues of $41.5 million.

Revenue for the fourth quarter of 2000 was $13.9 million, an increase of
29% over Q4 1999 revenues of $10.8 million.

In addition to strong revenue growth, the Company has shown consistent
improvement in its results over the past four quarters.
The ATM network produced a positive EBITDA of $1.5 million for the full year
2000 and a positive EBITDA of $1.3 million for
the fourth quarter. This is a $7 million swing from the 1999 ATM network EBITDA
of negative $5.5 million. Overall EBITDA on
a consolidated basis was negative $14.2 million for 2000 and negative $2.7
million for the fourth quarter. This is a $2.4 million
improvement over 1999 consolidated EBITDA of negative $16.6 million.

“We are very pleased with this quarter’s results,” said Michael Brown,
Euronet’s Chairman and CEO. “Achieving EBITDA
positive results for the ATM network for the full year 2000 is a major
milestone, confirming the success of our business strategy.
This segment of our business provides a solid foundation for growth. Of the
$10.4 million in revenue growth we experienced in
2000 for the ATM network, $7 million found its way to our EBITDA line.”

Software revenues also grew from $15 million for 1999 to $15.8 million for
2000. The fourth-quarter 2000 revenues for
software were 42% higher than the previous year’s fourth quarter with Q4 2000
revenues of $3.7 million compared to Q4 1999
revenues of $2.6 million. Mr. Brown said “Our software business presented a
challenge for us in 2000. We have taken the
necessary steps during the past two quarters to bring our costs in line with
revenue expectations, and we are confident that the
steps we have taken will result in improved EBITDA performance for 2001.”

As of December 31, 2000, Euronet owned and/or operated a total of 2,634
ATMs, compared with 2,283 ATMs at the
year-end 1999. Euronet owns and/or operates ATMs in Hungary, Poland, Germany,
Croatia, the Czech Republic, France, the
U.K., Greece and the U.S.

Details

INDIA

U.S.-based Datacard Group is setting up a software development center in India
at a cost of $1 million. The Bangalore center will develop software to make a
single smart card with multiple uses such as a credit card, debit card, shopping card and
phonecard. The Company plans to hire 45 engineers within the next two months.

Details

RUSSIA

IFS International, Inc.
announced that its software is being utilized in a
processing center, established by the Banking Production Centre (BPC) for ING
Bank (Eurasia) ZAO (ING Bank), a subsidiary of ING Barings — one of the
largest financial institutions in Europe.

BPC, IFS’ authorized distributor in the Russian Federation, built and
installed the processing center of ING Bank within three months, utilizing
TPII and TP-CMS, IFS International’s front and back office software. Last
December, VISA International certified TPII and TP-CMS at ING Bank, which
enables ING Bank to issue and serve all VISA card products successfully.

“This is the second certification of TP-CMS in Russia,” commented Anatoly
Loginov, CEO of BPC. “ING Bank comprehends the advantages of this
fundamentally new product, and BPC made the power of the product available to
the customer. We are fully satisfied we’ve justified the customer’s
confidence and fulfilled the complex project works prior to create the
processing center for ING Bank within 3 months — rapidly and successfully.
The project started in September 2000 and in December 2000 the system was
certified by VISA International. Following the progress worldwide, the new
TP-CMS product continually gains the confidence of major high-tech financial
institutions in Russia.”

Nick Kirkham, Business Development Manager, CEE, IFS International, added,
“IFS International is privileged to have BPC as our partner and gained ING
Bank as our customer. The success of this project within three months is
testimony to the strategic relationship between IFS and BPC which has seen IFS
emerge as the major supplier of EFT transaction solutions in the Russian
Federation.”

About IFS International Holdings, Inc.

IFS International, Inc. and Network Controls International, Inc. are
subsidiaries of IFS International Holdings, Inc., which has headquarters in
the USA and subsidiary offices in the USA, UK, Singapore and Australia.

IFS International, Inc. develops, markets and supports software products
for the electronic financial market. IFS International’s TPII and TP-CMS
products provide support for ATMs, Point of Sale devices, network switches,
smart cards and card management. IFS International’s subsidiary, Global
Insight Group, is a supplier of strategic business and technical
implementation support services to the Retail Finance Industry.

NCI, Inc. develops innovative retail delivery applications like NCI
Business Centre(TM), which combines network centric and browser-based
technologies in “One Application” to automate all delivery channels such as
branch teller, platform service, call center, Internet banking and customer
relationship management.

Details

LUXEMBOURG

NEXOR, Ltd, the leading provider of secure messaging and directory
solutions, announced a strategic alliance with
EuroSignCard S.A. a trust centre with operations in Luxembourg serving the
financial sector.

The partnership will enhance the EuroSignCard PKI offering with the secure
messaging capability of NEXOR. This will be
marketed to the European Union market, with particular concentration in the
Benelux area of operations.

“We are delighted to be working with a company that markets the highest
calibre of secure messaging products, products
demanded by our customers,” reports D.G. Sweigert, Managing Director of
EuroSignCard S.A. “NEXOR’s record of
achievement with financial institutions in the European Union speaks for
itself,” Sweigert continued.

NEXOR’s directory products will create a PKI repository for EuroSignCard’s
PKI trust centre in Luxembourg. This will
enable EuroSignCard to deliver enhanced PKI solutions to the European Banking
Community. They will also work towards
interoperability and compatibility testing of digital signatures conforming to
the new European Union Digital Signature Directive.
NEXOR were selected as the preferred directory vendor because of the product
scalability, throughput and proven
interoperability.

“EuroSignCard are a driving force in the adoption of European Digital
Signatures and we are extremely pleased to be working
with them to deliver solutions that meet the needs of modern financial
institutions,” reported Ed Harrington, Vice President for
Strategic alliances at NEXOR. “This alliance can only strengthen both parties
capabilities and considerable reputation in
European Finance.”

NEXOR’s directory technology is currently utilised by the majority of
European Federal Banks including the Bank of England,
Deutsche Bundesbank and the European Central Bank.
EuroSignCard S.A. should not be confused with EUROCARD, a registered
trademark of EuroPay of Waterloo, Belgium, or
MasterCard, a registered trademark of MasterCard International, New York City,
USA.

About EuroSignCard S.A.

Headquartered in Luxembourg, EuroSignCard S.A. provides security technology
for electronic transactions to commercial and
government organizations. EuroSignCard products include Public Key
Infrastructure (PKI) architectures, smart cards, and
cryptography techniques. EuroSignCard S.A. is a solution partner of Baltimore
Technologies and Identrus LLC. The firm
specialises in technology that complies with E.U. Directive 1999/93. Corporate
web site www.trusttheweb.com or www.eurosigncard.com.

About NEXOR

Founded in 1990, NEXOR is an international software house with offices in
Nottingham, UK and Virginia, USA. NEXOR
provides organisations with sophisticated methods for managing and securing
their electronic communications. The company has
a significant presence in military, federal and financial markets where secure
and reliable communications are imperative.
NEXOR’s products combine an understanding of mission critical messaging
environments with a history of providing leading edge
technology. This industry and technical credibility is reflected in the current
range of products which are enhanced by
comprehensive support, consultancy and training services.

Details

BELGIUM

Europay International and MasterCard International introduced the next
generation of m-payment solutions, by implementing a PIN-based, EMV chip card
transaction using a mobile phone. This was made possible by using a
Eurocard®-MasterCard® card and a Motorola Timeport GSM.
This multi-channel, m-payment transaction will be demonstrated at the Motorola
and Oberthur Card Systems stands at the GSM World Congress in Cannes, France
(20-23 February). It is expected that this new method of secure, online
shopping will be rolled-out later this year.

Motorola’s Timeport model of its tri-band, dual slot GSM is now able to accept
Eurocard-MasterCard M/Chip Lite™ cards. Europay and MasterCard developed the
specification and Europay has upgraded its online test merchant site ‘Europay
Shop’ (htttp\shop.europay.com) to support these mobile EMV payment
transactions. Oberthur developed the card applications, including the SIM
application for mobile phones.

Crédit Mutuel will issue the first EMV smart cards in France in late 2001.
France Telecom Mobiles has upgraded its mobile payment solution (launched in
June 2000) and is providing the GSM infrastructure. It has also developed the
gateway for the demonstration transactions. In the near future, its customers
will be able to conduct payment transactions with both French and international
e-commerce merchants.

France has been a leader in developing first generation smart cards, and was
the first country to establish a national chip conversion programme, thereby
helping to reduce card fraud. In this significant move, Crédit Mutuel and
France Telecom Mobiles demonstrate their ability to provide consumers with the
latest innovations and initiate the move to global interoperability based on
EMV smart cards. This expands consumer use of the new generation of payment
cards beyond the physical world and into the global, borderless, virtual world.

…More

“Europay, and its strategic partner MasterCard, are delighted to demonstrate
this innovation at the GSM World Congress,” said Olivier Denis, Product
Manager, Mobile Commerce at Europay International. “This project illustrates
the true benefits of EMV-chip cards as the key to a whole range of new retail
channels and brings us even closer to enabling Eurocard-MasterCard and Maestro®
cardholders to shop anytime, anywhere in this new secure e-commerce
environment,” he added.

“This move further emphasises a high level of confidence in EMV-chip beyond the
physical world,” said Pascal Dufour, Senior Manager, New Products Introduction
at Europay International. “We expect continued growth over the next few years
in the use of EMV-chip technology to secure payments over the Internet and
mobile channels,” he concluded.

“Crédit Mutuel believes that one of the best ways to distinguish itself in the
French marketplace is to give our customers the highest level of convenience in
their daily lives,” said Claude Brun, Crédit Mutuel. “We are now beginning to
deliver the full potential of smart card technology to our customers, wherever
they are in the world,” he explained.

“We believe that EMV is an excellent standard to enable France Telecom Mobiles
to develop its mobile commerce services to all its subsidiaries across the
world,” said Guy Lafarge, Marketing Director, France Telecom Mobiles.

Ed Sadowski, General Manager of Internet Software & Content Group, Motorola
EMEA, said “We are delighted to contribute to the first EMV implementation of
a tri-band, WAP-enabled Motorola mobile phone. We see this partnership as key
to Motorola’s commitment to standardise mobile commerce. The introduction of
this new service turns the mobile phone into a ‘mobile Internet access and
payment device’,” he added.

Stephane Mousse, Head of Marketing for Mobile Communications at Oberthur Card
Systems commented, “Oberthur has long championed the migration towards
EMV-compliance in the physical world and we are delighted to be at the heart of
this latest step facilitating EMV-based mobile commerce. This ongoing
collaboration truly demonstrates the capability of the smart card for payments
in the virtual world and brings secure mobile services to consumers’
fingertips.”

Details

Canada

DataWave Systems announced that it will offer a MasterCard-branded prepaid card
issued by Michigan National
Bank.

DataWave is a leader in the prepaid card business as a result of its
technology, which allows for point of sale activation of
prepaid card purchases. This announcement is a key component of DataWave’s
development plan for offering prepaid services
for new product lines such as Prepaid Cards, Prepaid Travel Cards, Prepaid Gift
Cards, and Prepaid Internet Payment Cards.

The prepaid card is designed to allow customers to make payments at any of
the more than 19 million MasterCard acceptance
locations worldwide. The cardholder will have the ability to check the card’s
balance and spending activity through a website.
The prepaid card is an ideal way for consumers to make purchases at MasterCard
merchant locations or through the Internet.

“The prepaid card will allow DataWave to create an additional revenue
source through new business ventures, in addition to
increasing revenue at our existing prepaid calling card sites. We anticipate
that future announcements will be forthcoming,”

commented Josh Emanuel, President and CEO for DataWave.
“DataWave’s technology will enable new payment products and services,” said
Marc Belsky, Senior Vice President, Payment
Products and Services, Michigan National. “We certainly anticipate that a
successful outcome of this project will be the
development of new products that benefit our customers while enhancing Michigan
National’s reputation as the financial services
provider of first choice in our markets.”

About DataWave (http//www.datawave.ca)

DataWave Systems designs, develops, produces, owns and manages a
proprietary, intelligent, automated
direct-merchandising network, comprised of free-standing intelligent machines
(DTMs) and over the counter “swipe” units
(OTCs) connected to the gateway and database software through a wireless and/or
landline wide area network. The DataWave
System enables the marketing of numerous products, from prepaid telephony to
financial products and services. This unique
leading-edge technology provides for point-of-sale activation, /credit card
acceptance, detailed reporting and 24/7 remote
self-diagnostic troubleshooting, making it virtually maintenance-free. The
proven success of the DataWave System has won many
prestigious national accounts in the US prepaid calling card market. This is
the enabling technology that will allow the Company
to enter new markets with new prepaid products.

Recently named 21st fastest growing technology Company in Canada by
Deloitte & Touche in its 2000 Canadian Technology
Fast 50 Program, DataWave is now poised to capitalize on the flexibility of its
System by augmenting its product range to meet
the diversified and changing needs of the prepaid market and in further
developing strategic partnerships.

About Michigan National

Michigan National provides a wide range of financial services and offers
creative ideas and product options designed to help
consumers and businesses meet their financial goals. It is committed to being
the financial services corporation of first choice in its
markets and provides the leading-edge products and services that customers
expect from a member of a global financial
network. Visit Michigan National’s web site at
http//www.MichiganNational.com.

About MasterCard

MasterCard International has the most comprehensive portfolio of payment
brands in the world. More than 1 billion
MasterCard(R), Cirrus(R) and Maestro(R) logos are present on credit, charge and
debit cards in circulation today. An
association comprised of more than 20,000 member financial institutions,
MasterCard serves consumers and businesses, both
large and small, in 210 countries and territories. MasterCard is the leader in
quality and innovation, offering a wide range of
payment solutions in the virtual and traditional worlds. With more than 19
million acceptance locations, no card is accepted in
more places and by more merchants than the MasterCard Card. In 1999, gross
dollar volume exceeded US$725 billion.

MasterCard can be reached through its World Wide Web site at
http//www.mastercard.com.

Details

SWEDEN

Hypercom Corporation
, a global leader in electronic transaction solutions, today announced that
Sweden’s nationalised pharmacy chain,
Apoteket, has purchased 3600 Hypercom HFT 117 card payment terminals to be
installed throughout this country. The HFT
117 devices will allow consumers for the first time to pay for medical supplies
using either their credit or debit cards. These POS
terminals have been purchased from Hypercom’s Scandinavian subsidiary Hypercom
Financial Terminals AB.

Apoteket, is one of Sweden’s biggest enterprises with 10,000 employees and
revenues of 24 billion SEK (US$2.6 billion). It
controls, distributes and sells medicine and drugs through 900 shops all over
Sweden. Last year Apoteket served around 60
million customers, with every medicine sale being reported to the Swedish
government.

Hypercom’s HFT 117 is a combined POS terminal and PIN pad. Designed for
cardholder operation, it addresses the
consumer’s increasing desire to control handling of their payment card.
Customers can enter their PIN numbers to verify
transactions. Accepting all local and international credit and debit cards, the
HFT 117 connects to in-store cash register systems,
allowing transaction details to be sent automatically to the payment terminal
and eliminating dual keying of details.

Hans Svedin, Operations Manager from Apoteket comments “More and more
cards are used for payment in pharmacies as
the cost for medical products is ever increasing. The new system with a secure
PIN pad makes payment much faster and more
convenient for the customer.”

Robert McLaughlin, Managing Director, Hypercom Europe says “In addition to
handling customer payments, this solution also
provides a secure method of authenticating individuals and downloading
prescriptions from a secure host database. Our
customers are increasingly finding new uses for our electronic transaction
processing equipment. The Healthcare industry has
traditionally been heavily reliant on paper-based forms and systems, however
attention is now shifting to automation, which may
involve the use of smart cards. This is creating a demand for card reading
appliances within pharmacies, surgeries and hospitals.”

“Hypercom solutions are increasingly being linked to healthcare insurance
providers and state organisations to verify eligibility
and keep records up-to-date. They quickly authorise transactions online, speed
up claims processing and reduce costs”
comments Jairo E. Gonzalez, President, Transaction Systems Group, Hypercom
Corporation. “This Swedish installation for
Apoteket verifies this trend, as do recent sales to the Brazilian National
Health card system, and medical insurers in the USA.”

McLaughlin concludes “The Apoteket sale has another significance. The
Swedish banking authorities have some of the
toughest rules in the world for the security of payment transactions. Hypercom
products beat those standards; consequently we
have made major sales in many sectors of the Swedish economy — Statoil
(forecourts), Ikea (furnishings), Kooperativa
forbundet (grocery) and now pharmacies.”

Hypercom Corporation (NYSEHYC) is a leading global provider of electronic
payment solutions that add value at the
point-of-sale for consumers, merchants and acquirers. Hypercom’s products
include secure card payment terminals and web
appliances, networking equipment and software applications for e-commerce,
m-commerce, smart cards and traditional payment
applications.

Headquartered in Phoenix, Arizona, Hypercom maintains an installed base of
more than 3.5 million card payment terminals
which operate in over 100 countries and conduct more than 2.5 billion
transactions annually. Hypercom’s Internet address is

www.hypercom.com.

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