SCT Smart Cards

Smart Chip Technologies announced the completed demonstration model of its integrated payments/loyalty solution on a smart card, first demonstrated at the Card Tech/Secur Tech Conference in Toronto.

“Our demonstration shows the direction of the industry, and proves our capability to meet the emerging demands for loyalty in combination with payment systems,” Jim Williams, president and chief executive officer of Smart Chip Technologies, said in a prepared statement.

“With our recent alliances with Oasis Technology and Cardis Research and Development, we are aggressively moving toward a broad product line, encompassing payments, micropayments, and loyalty, for both POS and Internet environments.”

SCTN recently concluded negotiations to obtain exclusive patent-license rights in North America to Cardis’s Ultimus micropayment solution. This solution allows the integration of small payments, traditionally too small to be profitable to merchants, into the normal payment stream.

In combination with Oasis Technology’s proprietary payments processing software, SCTN will be able to integrate powerful payment and loyalty solutions on a single platform. Oasis and SCTN announced their alliance Monday.

“Recent announcements by Fleet Bank and others of their impending launch of smart cards gives us confidence that we are positioned at the front of a major technological wave. With our alliances and our patent-protected technology, we are confident that we can deliver a solid value proposition to our partners,” Williams said.

“We look forward to extending the power of our suite of patents through key partnerships with other leaders in the industry.”

Smart Chip Technologies is the dba of SCHIMATIC Cash Transaction Networks.com Inc. (SCTN). SCTN is an applications service provider specializing in end-to-end loyalty and cause-marketing solutions.

Through the power of its robust database engine, LoyaltyCentral, the company is using its patent-protected methodology and its technology to move businesses and consumers from magnetic stripe cards to multiple-application smart devices. Smart Chip merges the virtual word with the physical world on a single database platform, allowing seamless loyalty solutions for both on- and off-line transactions.

Further information can be accessed via the corporate web site, [www.sctn.com][1], by contacting Smart Chip at 801/355-0066, 205 West 700 South, 2nd Floor, Salt Lake City, UT 84101-2736 or by writing Smart Chip at investorrelations@sctn.com.

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

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Level 3 Smart Card

Gemplus has obtained technology level three approval from VISA International for its ‘GemXpresso 211 – V2 card’. This is the first smart card that supports ‘Java Card 2.1’ and ‘Open Platform 2.0’. ‘GemXpresso 211 – V2’, a smart card platform based on Philips Semiconductors ‘P8WE5032’, is the second Gemplus ‘Open Platform card approved by VISA. The new, multi-application Gemplus card is capable of supporting VISA-approved applications, such as ‘VISA Smart Debit/Credit’, and ‘VISA Cash’, as well as member proprietary applications. In January, the GemXpresso ‘211 V1’ received the first French Common Criteria certification for a Java Card. In May the card became the first ‘Open Platform V2.0’ card approved by VISA International.

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Voice WAP

Trintech and Trust5 have developed a secure mobile commerce payment solution utilizing voice biometrics. The new payment solution verifies and authenticates customers over the Internet or cell phone by their voice using advanced biometrics technology. It is configured as multiple, completely independent, interconnected mirrored systems, located in different physical locations for maximum operational integrity. This means that no matter where you are located around the world, the transaction can be completed in less than half a second. By incorporating a layered security mechanism that includes voice authentication into PayWare ‘mAccess’, Trintech extends its mCommerce application suite.

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Smart Card Forum

Perhaps the most significant smart card forum held to-date will get underway this morning in San Francisco. Gemplus, as well as VISA and MasterCard will play an aggressive role in the Smart Card Forum’s 8th Annual Meeting. The theme of this year’s conference is “Mobile eCommerce Making Waves” and will feature leading Internet commerce technologists and wireless industry experts addressing a broad range of topics and views concerning the mobile eCommerce industry and how smart cards will play a critical role in helping it to emerge. Gemplus chairman and founder Marc Lassus will deliver a keynote address this afternoon. Among other keynote speakers will be Bond Isaacson, president of eVISA. CardWeb.com CEO Robert McKinley has accepted an invitation to attend and meet privately with SCF members and speakers.

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CompuCredit Earnings

CompuCredit Corporation announced Tuesday it is raising its estimate for the fiscal year ending 2001 to $3.25 per share and initiating earnings guidance for the fiscal year ending 2002 at $4.50 per share.

CompuCredit Corporation is a credit card company that uses analytical techniques, including sophisticated computer models, to identify consumers who it believes are credit-worthy and are overlooked by more traditional consumer credit providers. CompuCredit markets unsecured Aspire(R) Visa(R) credit cards through direct mail, telemarketing and the Internet. In July 1999, CompuCredit launched its consumer web site, [www.aspirecard.com][1], through its Internet marketing services subsidiary AspireCard.com, Inc. Consumers can apply online and receive a credit decision within seconds. CompuCredit also markets credit life insurance, card registration, buying club memberships and travel services to its cardholders. Aspire Visa cards are issued by Columbus Bank and Trust Company under an agreement with CompuCredit. CompuCredit completed its initial public offering in April of 1999 and was included in the Russell 2000(R) Index in July 1999 and the NASDAQ FIN-100 Index in May 2000. Visit CompuCredit on the Internet at [www.CompuCredit.com][2].

[1]: http://www.aspirecard.com/
[2]: http://www.compucredit.com/

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AmEx & FleetBoston

American Express Financial Corporation and FleetBoston Financial announced yesterday they have formed a strategic alliance to build and distribute investment and annuity products through their retail financial networks. The two companies will introduce two new annuities, the American Express Galaxy Premier Variable Annuity and the Preferred Gold Fixed Annuity issued by American Enterprise Life Insurance Company, a division of IDS Life Insurance Company, which is a subsidiary of American Express Financial Corporation.

![][1] “This strategic alliance with FleetBoston is an exciting addition for American Express,” says Randy Gabrielson, senior vice president, Insurance and Strategic Alliances, American Express. “We are expanding our business to provide clients with numerous choices through strategic alliances. This is a strong and exciting opportunity for our clients and shareholders.”

The American Express(R) Galaxy Premier Variable Annuity and the Preferred Gold Fixed Annuity(TM) will be sold to consumers through FleetBoston’s network of 1,000 financial consultants. FleetBoston’s Galaxy and Columbia Mutual Funds will be sold through the 11,000 American Express Financial Advisors.

“Our alliance with American Express allows us to reach more customers with a greater selection of financial products, a tool needed to be more successful in the financial industry,” said Richard Joseph, Managing Director Product Distribution and Development, Fleet Investment Management.

“This relationship will allow both companies to better meet the changing needs of its customers. Distribution alliances such as these are the wave of the future and are the result of the mutual strength of both companies distribution capabilities and asset management capacities,” said Bob Ash, Senior Managing Director Chief Executive Officer, Fleet Investment Management.

“FleetBoston and American Express were both looking for distribution alliances and we were brought together by Thompson & Company, an insurance brokerage firm in Pasadena, Calif.,” said FleetBoston’s Rich Joseph.

FleetBoston Financial is the eighth-largest financial holding company in the United States. An $187 billion diversified financial services company, it offers a comprehensive array of innovative financial solutions to 20 million customers in more than 20 countries and territories. Among the company’s key lines of business are: retail banking, with over 1,250 branches and over 3,400 ATMs in the Northeast; commercial banking, including capital markets/investment banking and commercial finance; investment services, including discount brokerage; and full service banking through more than 250 offices in Latin America.

FleetBoston Financial is headquartered in Boston and listed on the New York Stock Exchange (NYSE: FBF) and the Boston Stock Exchange (BSF: FBF).

American Express Financial Advisors, with more than $289 billion in assets, has been in operation in the U.S. for more than a century. The company’s products and services are distributed through a nationwide network of more than 11,000 financial advisors, third party relationships with major financial institutions, insurance agencies, broker/dealers and an institutional business that provides 401(k) and defined benefit plans to companies.

American Express Financial Advisors Inc. is the principal underwriter for the insurance and annuities. Member NASD. Insurance and annuities are made available through AEL, or in New York, through American Centurion Life Assurance Company. American Express Company is separate from American Express Financial Advisors Inc. and is not a broker-dealer.

[1]: /graphic/fleet/fleetboston.gif

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Catuity & smart VISA

Catuity Inc., based in Detroit, Michigan, with research and development offices in Sydney, Australia, has secured a major breakthrough in the U.S. chip card market, having been named as the loyalty solution provider in the newly announced smart Visa Technology Platform from Visa U.S.A.

The smart Visa Technology Platform is a pre-packaged multi-application chip platform that reduces cost and time to market for financial institutions that are interested in issuing chip cards. The platform is comprised of three chip card applications – smart Visa Payment, smart Visa Access and smart Visa Loyalty.

Catuity signed an agreement with Visa U.S.A. for integration of the Catuity loyalty system in the smart Visa Program. Under the terms of this agreement Catuity augmented its loyalty system with additional mag-stripe connectivity, and integrated its solution with the Gemplus GemXpresso cards and VeriFone terminals. System integrators Logicon and Smart Dynamics were also retained to facilitate the deployment of the solution by member banks. As a result, the Catuity loyalty system will now be offered as a key component of the smart Visa Technology Platform. This platform is being made available to Visa member financial institutions interested in smart card implementations.

Catuity played the lead role in the development of the smart Visa Loyalty platform and will continue to provide the software and hardware consultation for implementation and support of Visa Members. From a Member perspective, smart Visa Loyalty is a key component to enable financial institutions to customize and differentiate their product offerings. Working with merchants, Visa members will have the opportunity to offer differentiated incentives to loyal customer. A recognized key ingredient of a strong relationship offering, the smart Visa Loyalty solution is an important component of the smart Visa Technology Platform.

“We were attracted by Catuity’s unique combination of in-store and internet solution with multiple program options”, said Diana Knox, senior vice president, smart card applications and market development, Visa U.S.A. “the smart Visa Loyalty solution from Catuity will address member and merchant interest in leveraging targeted incentives to create lasting customer relationships”.

Catuity and other technology partners will be promoted to member banks as smart Visa Technology Providers. Catuity will be marketing its software system with Gemplus, the world’s largest smart card manufacturer.

Visa’s sales organization will represent Catuity and other technical partners with member banks. “Gemplus is very proud to be working with Catuity and Visa in bringing this `fast-to-market’ solution to the Visa member banks. The Smart Visa program, combining smart Payments, smart Loyalty and smart Access, is the right program mix, and we are looking forward to working with Catuity and Visa in supporting Visa member banks to offer multi-application services which combine privacy, security and value-added services to their cardholders,” says Remy DeTonnac, Gemplus CEO Americas.

Michael Howe, President and Chief Executive Officer of Catuity, stated “smart Visa is the future of the payment systems and our product is now an integral component of the smart Visa Technology Platform. The potential opportunity open to us is huge both in the U.S. and elsewhere. With our partners, Visa the world’s largest payment system provider, Gemplus the world’s largest smart card provider and VeriFone the world’s largest secure payment terminal provider, we have the strategic positioning to become a major international supplier of loyalty software.”

In May 2000 Visa U.S.A., Catuity Inc., IBM, VeriFone, a division of Hewlett-Packard Company, and four other companies released “Smart Loyalty – A Loyalty-Payment Integration Guide”, to provide Visa members and merchants with a guide for integrating loyalty and payment applications on a single smart card. The document is available from Visa at [http://www.visa.com/nt/suppliers/smart_loyal/main.html][1]

About Visa U.S.A.

Visa U.S.A. is the leading payment brand and the largest payments system in the United States, with more volume than all other major payment cards combined. Visa U.S.A. plays a pivotal role in advancing new payment products and technologies to benefit its 14,000 U.S. member financial institutions and their cardholders. There are more than 340 million Visa credit, commercial and check cards, which generate more than $720 billion in annual transaction volume. Visa-branded cards are accepted at over 19 million locations worldwide, including some 500,000 ATMs in the Visa/PLUS Global ATM Network. With more than 80 smart card programs in over 35 countries and on the Internet, Visa has broad in-market experience and is poised to become the leader in smart card emerging technology.

About Gemplus

Gemplus ([www.gemplus.com][2]) 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 million) in 1999, and employs almost 6,300 people in 17 manufacturing facilities, seven research and development centers and 44 sales and marketing offices located in more than 37 countries. Contact: Tarvinder Karsandh – tarvinder.karsandh@gemplus.com

About Catuity

Catuity Inc. is a provider of loyalty software solutions that allow retailers to establish and administer customer incentive and loyalty programs. The Catuity System functions in both the internet (e-commerce) and the in-store (point of sale) environments.

The company has its headquarters in Detroit, Michigan USA with other North American locations in Philadelphia, Pennsylvania and Arlington, Virginia. Catuity maintains research and development activities at its Sydney, Australia facility.

[1]: http://www.visa.com/nt/suppliers/smart_loyal/main.html
[2]: http://www.gemplus.com/

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HR One on MarketAccess

HR One, a leading provider of human resource solutions for small and mid-sized businesses, announced that it will be a featured supplier in MasterCard International’s MarketAccess program (), a secure, one-stop purchasing resource for MasterCard’s small business cardholders. HR One joins a select group of suppliers in the MasterCard MarketAccess program, including Barnes & Noble.com Business Solution, Egghead.com and OfficeMax.

“With MasterCard MarketAccess, MasterCard and participating member financial institutions are paving the way for small businesses to enhance their use of the Internet for secure and efficient purchasing,” said Steve Abrams, senior vice president of MasterCard’s Corporate Payment Solutions. “The quality of HR One’s product offerings and its commitment to customer service makes HR One a natural fit for the program.”

MasterCard MarketAccess assists customers by linking purchases with most major accounting software packages, allowing them to keep track of all of their expenses in one place. MasterCard is the first global payments company to offer free web hosting and e-commerce access to its cardholder base, highlighting the company’s commitment to developing industry-leading solutions for small businesses. In addition, the MarketAccess Small Business Community provides a listing opportunity for each participating small business supplier’s website, including its site by name and category, the URL and a description of the companies’ products and services.

“Participation in MasterCard MarketAccess illustrates HR One’s ability to deliver the broadest range of HR solutions available,” added John Vangel, HR One’s Executive Vice President-Corporate and Business Development. “We are excited to be featured with other top quality suppliers in a program being promoted by some of the leading financial institutions in the country.”

Unique Accounting Feature

A distinct feature of MasterCard MarketAccess is that it assists small businesses in reconciling their purchasing records. Specifically, it provides a formatted file of all purchases, which cardholders can import into major accounting software packages, such as Quicken(R) and Microsoft(R) Money. This system facilitates line item capture to the accounting function, integrating it into an accounting package for future reconciliation against MasterCard BusinessCard charges.

Building a Small Business Website and Storefront

Through a proprietary technology supplied by ClickThings, MasterCard MarketAccess enables small businesses to quickly and easily set up and manage a comprehensive new website complete with an “online storefront.” A simple registration form prompts users to answer general and industry-specific questions about their business needs, and in a step-by-step process enables them to custom-build a site.

Internet Security

MasterCard understands that security is a major concern when buying over the Internet. As a company that processes more than 20 million credit and debit transactions each day, MasterCard provides leading edge solutions in securing financial transactions. Some of the security features built into MasterCard MarketAccess include single entry of user enrollment and payment information — rather than at each purchase, the participation of suppliers that are established firms and SSL data encryption.

About MasterCard

MasterCard International has the most comprehensive portfolio of payment brands in the world. With 23,000 member financial institutions, serving consumers in 220 countries and territories, MasterCard is the industry leader in quality and innovation. Nearly 700 million MasterCard(R), Maestro(R), Cirrus(R) and Mondex(TM) cards are in circulation today. With more than 18 million locations, no card is accepted in more places and by more merchants than a MasterCard Card. In 1998, gross dollar volume exceeded $650 billion. For more on MasterCard, go to [http://www.mastercard.com][1].

About HR One, Inc.

HR One, the web’s one-stop human resources tool, is the most comprehensive solution for small to midsized companies. HR One offers small business owners, office managers and human resource professionals one source for all their human resources needs — including topnotch information, products and online services. The site features free, original content and a gathering place for exchanging opinions and ideas on pressing workplace issues.

The company is headquartered in San Francisco, with offices in New York and Florida. HR One is primarily funded by Heritage Partners of Boston, a leading private equity firm with $1.4 billion under management. For more information, go to [http://www.HROne.com][2].

[1]: http://www.mastercard.com/
[2]: http://www.hrone.com/

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e-Check Expansion

TeleCheck Servicesannounced that many banks across the country will now offer the TeleCheck Electronic Check Acceptance service, check guarantee services and the Eclipse payment authorization terminal to their merchant customers.

By adding TeleCheck’s suite of electronic check services to other payment offerings, banks can now provide a total payment solution for their merchant clients. Among the first financial institutions to market TeleCheck’s services

are: Bank Boston Merchant Services, Chase Merchant Services, Huntington Merchant Services, Texas Independent Bankers, Wachovia Merchant Services, Cardservice International and Wells Fargo Merchant Services.

TeleCheck’s ECA® service converts a consumer’s paper check into an electronic item at the point-of-sale and delivers funds directly to the merchant’s account, improving cash flow. Since its introduction in June 1998, TeleCheck has processed over $1.7 billion dollars in electronic transactions. The company’s EclipseTM integrated payment terminal is capable of processing checks, credit cards and debit cards, and is the first such terminal to securely, conveniently and economically image name and address information from a check.

By leveraging the relationships that banks have with their merchant customers, TeleCheck strengthens its expansion as an electronic check processor by utilizing strategic distribution channels.

“Working together with financial institutions and other partners enables TeleCheck to make our products and services more widely available to the businesses who need them,” said Jerry Mosbacher, senior vice president of strategic distribution for TeleCheck. “This is a great opportunity to increase our presence, particularly in the area of electronic check processing, and it gives banks the opportunity to market a complete electronic payment solution package to their merchant customers.”

TeleCheck is the world’s leading provider of paper and electronic check services, helping more than 228,000 retail, financial institution, grocery and other industry clients to increase their profitability, reduce risk and streamline operations. TeleCheck’s check acceptance and electronic commerce solutions help businesses safely and efficiently accept payment at the point of sale, by telephone, over the Internet, and through recurring ACH payments. TeleCheck services are offered through a sales and service network in more than 90 cities in the United States and in Puerto Rico, Canada, Australia and New Zealand. In 1999, TeleCheck authorized more than $155 billion in checks, representing 3.1 billion transactions. For more information about TeleCheck, visit the Internet site at [www.telecheck.com][1].

Atlanta-based First Data Corp. (NYSE: FDC) is a global leader in electronic commerce and payment services. Serving more than two million merchant locations, more than 1,400 card issuers and millions of consumers, First Data makes it easier, faster and more secure for people and businesses to buy goods and services, using virtually any form of payment: credit, debit, stored-value card or check at the point-of-sale, over the Internet or by money wire. For more information, please visit the company’s Web site at [www.firstdata.com][2].

[1]: http://www.telecheck.com/
[2]: http://www.firstdata.com/

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Supermarket Cybermoola

Cybermoola is beginning to moo. Yesterday, Penn Traffic, a major Northeast supermarket chain, agreed to make web-spendable ‘Cybermoola’ available for purchase in 183 Penn Traffic supermarkets in New Hampshire, New York, Ohio, Pennsylvania, Vermont and West Virginia. Cybermoola is printed in-store by the Catalina Marketing Network. Each printed certificate holds a 16-digit unique serial number. The certificate has a stored dollar value equal to the amount paid to the cashier. Shoppers can use cash to buy ‘Cybermoola’ in denominations of $20-$100 and then activate the certificate by going to the Cybermoola Web site to establish their account. Penn Traffic will begin offering the service on Oct. 28. The Penn Traffic Company operates 220 supermarkets in Ohio, West Virginia, Pennsylvania, upstate New York, Vermont and New Hampshire under the “Big Bear,” “Big Bear Plus,” “BiLo,” “P&C,” and “Quality” trade names.

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Metris EVPs

Metris Companies Inc. this morning announced the promotion of two key executives.

Named executive vice presidents are Pat Fox, business development, and Jon Mendel, human resources. Both previously served as senior vice presidents.

Fox, who has more than 20 years of experience in credit card marketing, product management and sales, joined Metris in 1998. Before joining Metris, he held executive positions in the credit card group of Bank of America, including director of product management and business development.

Mendel, who joined Metris in 1998, has more than 20 years of human resource management experience. Before coming to Metris, he was senior vice president of human resources at TCF Financial Corp. in Minneapolis.

“Pat and Jon are strong leaders with a keen understanding of our business,” said Metris’ Chairman and CEO Ronald N. Zebeck. “Their substantial contributions are helping to drive Metris’ continued growth.”

Metris Companies Inc. is an information-based direct marketer of consumer credit products and enhancement services. The company was recently recognized as one of “America’s 100 Fastest-Growing Companies” by Fortune magazine. Based in Minnetonka, Minn., Metris also has operations in Scottsdale, Ariz.; Jacksonville, Fla.; Orlando, Fla.; Champaign, Ill.; White Marsh, Md.; and Tulsa, Okla. Metris employs more than 4,300 people.

Visit Metris on the Internet at [www.metriscompanies.com][1], [www.directmerchantsbank.com][2], [www.idirectalert.com][3], [www.ifraudalert.com][4], [www.itripsaver.com][5], [www.metristravel.com][6], [www.purchaseshield.com][7], [www.prodigycard.com][8], [www.webmilescard.com][9]

[1]: http://www.metriscompanies.com/
[2]: http://www.directmerchantsbank.com/
[3]: http://www.idirectalert.com/
[4]: http://www.ifraudalert.com/
[5]: http://www.itripsaver.com/
[6]: http://www.metristravel.com/
[7]: http://www.purchaseshield.com/
[8]: http://www.prodigycard.com/
[9]: http://www.webmilescard.com/

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Freedom RPPS

Freedom Systems, a leading provider of e-payment hardware and software solutions, announced an agreement that will provide access to MasterCard’s Remote Payment and Presentment Service for its customers who access bills via unattended terminals in public locations.

Currently, customers access the terminals to pay their bills with a debit card. Now, customers will have increased access to billing information, including their account balances and history.

MasterCard’s RPPS program provides participating financial institutions flexible connectivity to process transactions without capturing or storing consumer or biller relationship information. Through the agreement, MasterCard will act as a bill presentment and payment “hub,” offering Freedom Systems’ customers the ability to view their bills electronically through MasterCard’s network.

“By leveraging MasterCard’s existing payment relationships through its Remote Payment and Presentment Service (RPPS), this collaborative effort allows Freedom Systems’ customers to receive greater access to bills than ever before,” said Cathleen Conforti, vice president, Remote Payment and Presentment Service for MasterCard. “MasterCard’s 14 years of experience, along with its proven payments network, risk management and customer service infrastructure, enable Freedom Systems to leverage MasterCard’s expertise, customer base and market knowledge.”

“Both Freedom Systems and MasterCard look for innovative ways to offer customers unique and flexible access to their bills. MasterCard’s expertise and payments network have allowed for the natural expansion of our payment services, which will offer the customers we serve even greater flexibility than before,” said Brian Spagat, CEO, Freedom Systems. “We’re pleased to be a part of the MasterCard RPPS offering.”

MasterCard started electronic payment processing in 1987 with the launch of its Remittance Processing Service (RPS). In March of 2000 MasterCard expanded its services adding bill presentment functionality. To reflect the enhancement, the program was renamed Remote Payment and Presentment Service (RPPS). By leveraging MasterCard’s proven infrastructure, RPPS currently leads the industry in electronically processing remote consumer payments.

About Freedom Systems

Freedom Systems is the worldwide leading provider of unattended, online e-payment terminals and control systems for a variety of markets. Freedom Systems’ terminals are designed to accept credit and debit cards, and/or cash and also offer detailed reporting and interfacing to accounting systems. Some of the markets Freedom Systems has developed and placed systems for include the petroleum industry and car washes, laundromats and apartment laundries, as well as apartment complexes and self-storage facilities for rent payment. Freedom Systems, Inc. is based in Chicago, IL can be reached at 1-888/537-8844 or through its website at www.freedomsystems.com.

About MasterCard International

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 22,000 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 18 million acceptance locations, no card is accepted more places and by more merchants than the MasterCard Card. In 1999, gross dollar volume exceeded US$727 billion. MasterCard can be reached through its World Wide Web site at www.mastercard.com.

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