Planet Payment China

Planet Payment and chinadotcom announced this morning they have formed an alliance to offer one-stop e-commerce payment related services to China’s e-commerce sector. Under the terms of the deal, Planet Payment’s multi-currency payment solution will be bundled with the e-business products offered by chinadotcom. Chinadotcom offers web solutions, portal and online advertising services.


Cross Country Bank – Kentucky

Applied Card Systems will add an additional 70,000 square feet of office space to its location at the Ashland Corporate Center, company officials announced. The expansion will bring nearly 1,000 new jobs to the Tri-state area.

Applied Card Systems services VISA and MasterCard customers primarily for Cross Country Bank, a leading national credit card issuer. The company launched its Kentucky operation late last year, and has since become one of the Tri-state area’s largest corporate employers. Applied Card Systems opened its first location in the Tri-state area in October 1998. With this most recent expansion, the company anticipates employing over 2,000 Associates in the Tri-state region.

The company is actively recruiting personnel for Information Technology, Human Resources, Learning and Development, Accounting, Financial, Internal Audit, Settlement, Payroll Processing, Card Security, Credit, Customer Service, and Collections. Applied Card Systems’ expansion is no surprise in light of the fact that the company has experienced dynamic growth since its inception in 1987. “Our choice to expand in the Tri-state area is also due, in large part, to the outstanding efforts of our Associates, along with our confidence that we can continue to attract and retain quality Associates in the region,” said Rocco Abessinio, Chairman and CEO of Applied Card Systems.

The 70,000 square feet of new space Applied Card Systems will occupy is adjacent to the company’s existing facility at the Ashland site. The expansion will provide Applied Card Systems with over 130,000 square feet of corporate office space in Kentucky alone. “This really was a collaborative effort between Applied Card Systems, Ashland Alliance, the Kentucky Development Office, Addington Inc. and Ashland Inc. This transaction serves as a terrific example of public, private and governmental offices working toward the common goal of economic development and expansion in Northeastern Kentucky,” said Charlie Albano, ACS General Manager of the Kentucky and West Virginia sites.

Applied Card Systems, founded in 1987, services nontraditional VISA and MasterCard customers. Applied Card Systems’ national headquarters, located in Wilmington, Delaware, services approximately three million cardholders. Additional corporate offices are located in Boca Raton, Florida and Huntington, West Virginia.


10th MC RPPS Member

Derivion, the first application service provider to deliver comprehensive e-billing solutions designed for the Internet, announced an agreement that will open access to MasterCard’s Remote Payment and Presentment Service for Derivion’s increasing customer base of more than 60 billers.

The agreement increases biller selection to electronically deliver, present and provide access to bills online.

Derivion’s agreement with MasterCard clears another path to a primary distribution channel for Derivion’s e-billing customers. Developed specifically for the Internet, Derivion’s ASP platform accepts all types of billing data to electronically transform any output for online presentment and payment enabling billers to adopt a viable e-billing solution that is a better way to communicate with customers. Customers have the option to manage their bills directly on the biller’s Web site or choose from a wide range of online access points provided through distribution channels such as MasterCard’s RPPS network.

“Derivion has demonstrated it can enable billers of all sizes with its unique, Internet-based e-billing solutions,” said Cathleen Conforti, vice president, RPPS, MasterCard International. “The agreement with Derivion further streamlines the electronic nature of the RPPS process by expanding our connection to more billers enabled by Derivion. In turn, we offer these billers a direct electronic connection for presenting their bills to their customers via the Internet.”

MasterCard RPPS provides participants with flexible connectivity to process transactions. Through this agreement, MasterCard will continue to act as a bill presentment and payment distribution network, offering Derivion’s billing customers the ability to present bills through MasterCard’s extensive connections and endpoints.

“MasterCard has 14 years of proven experience in remote payments and further strengthens Derivion’s strategy by providing a single entry to multiple distribution channels with the most flexible, dynamic e-billing network on the market today,” said Mark Dugan, senior vice president for Derivion. “Through the robust network of MasterCard RPPS, Derivion’s e-billing clients now have even more choice for streamlining and digitizing the entire cycle of the e-billing process from bill origin to the numerous destinations and payments returned to the biller.”

Derivion currently has multiple strategic agreements with major billing consolidators, processors and distributors giving billers a broad range of Web sites to manage and deliver bills for consumers to view and pay.

About Derivion

Derivion is the only e-billing ASP that fully leverages the flexibility and power of the Internet to automate the bill delivery, payment and customer care processes for companies driven by recurring billing such as telecommunications, utility, insurance and financial services companies. Derivion’s inetBiller(SM) service provides complete e-billing implementation including electronic bill design, e-mail notification, bill presentment, payment processing, enrollment marketing and customer care for the business-to-consumer and business-to-business environment. These capabilities provide billers with a competitive advantage, enabling them to make bill delivery and bill payment simple and convenient for their customers and providing a path to e-bill consolidation at consumer access points as needed. The Atlanta-based company was founded in 1998 and maintains research, development and additional sales offices in Toronto. For more information about Derivion, please visit [][1].

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 [][2].




FoneCash Inc. announced it has formed a joint venture with the Chinese group, Universal Information Technology Limited, to create a new Hong Kong company, Limited.

The new company, Limited, will be 50% owned by each group. In return for its ownership interest, FoneCash Inc will grant to the new company an exclusive license to its proprietary technology, the “FoneCash Terminal”; and Universal Information Technology has agreed to provide operating capital upon the completion of a contemplated $3 – $5 million private placement. The private placement is projected to be completed within 6 months. It is anticipated that will apply for listing on the Hong Kong GEM board after two years of operating history.

Under this agreement FoneCash Inc. will receive royalties from the sale/rental of the FoneCash Terminals in China, according to Daniel Charboneau CEO of FoneCash Inc. “The challenge of building a new company, and marketing in China presents a once-in-a-lifetime opportunity for me personally,” stated Charboneau, “and the growth potential for the company and the benefits to the Chinese consumer are enormous.”

About FoneCash Inc.

The Company has developed, under an exclusive licensing agreement with a U.S. Patent holder, a system of processing credit cards for low volume merchants and in-home salespersons. This device utilizes established communications networks, both wired and wireless, for processing the data from credit and debit cards. Settlement occurs when the collected data is sent to the card issuing bank, charging the customer’s account and electronically depositing payment in the merchant’s bank account, usually within 24 – 48 hours. The Company intends to market a complete processing system that is high quality and simple to operate. Revenues will be generated from sales/rentals of the terminals and from transaction charges. The current size of this market exceeds $500 million dollars. FoneCash Inc. soon expects to enter into the global market place.


Food Stamps at Farmers Markets

U.S. Wireless Data and Lockheed Martin IMS announced that participants in the U.S. Department of Agriculture’s Food Stamp Program will soon be able to use their Electronic Benefit Transfer cards to purchase produce and other foodstuffs in open-air farmers markets.

A pilot program coordinated by Lockheed Martin IMS, the program features the debut of the first-ever wireless EBT transaction. Beginning in New York City this summer, the pilot could potentially roll out to thousands of farmers nationwide.

This new initiative is made possible thanks to technology provided by U.S. Wireless Data, Inc. (USWD) (OTCBB: USWDA), the leader in wireless payment services; Tillsmith Systems, a leading manufacturer of wireless point-of-sale terminals; and Buypass, a subsidiary of Concord EFS, Inc., the industry leader in EBT processing.

With the federally-mandated move away from paper coupons in favor of electronic debiting of food purchases, New York State has been searching for technological alternatives to allow recipients to purchase food at sites that lack telephone or electrical access. Wireless provides an optimized solution that addresses this access problem. New York currently allows vendors to utilize EBT vouchers in these settings.

“This technology solution will benefit both farmers and consumers participating in the Food Stamp Program,” said Audrey Rowe, senior vice president and managing director of Children & Family Services for Lockheed Martin IMS. “Most open-air markets lack the telephone and power lines needed for standard EBT transaction processing equipment. Plus, the authorization speed provided by U.S. Wireless Data enables EBT transactions to be as fast as cash.”

Tillsmith’s hand-held, battery-powered wireless payment terminals, enabled by U.S. Wireless Data’s high-speed Wireless Express Payment Service(sm) (WEPS(sm)) platform, will be provided to qualified farmers authorized by the USDA under the Food Stamp Program. The USWD solution will enable the farmers to accept EBT card payments from Food Stamp Program benefits recipients. The wireless payment terminals will be on loan from Tillsmith for a four-month period to farmers who agree to assist in evaluating their usefulness. EBT transaction processing will be provided free of charge by U.S. Wireless Data and Buypass during this trial period.

Although the project is intended to facilitate EBT (Food Stamp) transactions, the wireless terminals also can accept standard credit cards (Visa/MasterCard/American Express) and debit (ATM) cards. Farmers will have the option to activate these functions on the terminal for the duration of the demonstration pilot, for a standard card processing cost.

“The Farmers Market Wireless EBT Project illustrates the huge potential market for wireless payment processing,” stated Dean M. Leavitt, Chairman and CEO of U.S. Wireless Data. “Through this and other programs, WEPS is opening new markets for card acceptance at venues in which telephone dial-up is not feasible.”

“We are pleased to be involved in the wireless pilot project,” said OTDA Commissioner Brian J. Wing. “We, along with the state Department of Agriculture and Markets, will monitor its usefulness and cost effectiveness to determine whether it has the potential to become a statewide system.”

Part of an effort to explore workable solutions for EBT cards at farmers markets, the initiative is a collaborative venture among the Council on the Environment of New York City/Greenmarket Program, the New York State Office of Temporary and Disability Assistance (OTDA), U.S. Department of Agriculture, New York State’s EBT prime contractor, Citibank EBT Services, and its retail service provider in New York, Lockheed Martin IMS. Citicorp made its system available and helped facilitate the project, consistent with the company’s commitment to support the USDA in finding ways to extend EBT services to farmers markets. This project is one of the first in the United States to enable Food Stamp customers to use their EBT cards in open-air venues.

About U.S. Wireless Data, Inc.

U.S. Wireless Data, Inc. ([][1]), founded in 1991, markets proprietary technology that brings together three large, rapidly growing industries-transaction processing, wireless data transport and the Internet-to enable wireless payment processing. The Company’s WEPS platform provides a gateway among all of the parties within a wireless point-of-sale (POS) transaction. This enables businesses that require mobility (i.e., not tethered to a telephone line) and/or faster transaction speed to accept wireless point-of-sale payments. By providing a seamless interface among merchants’ POS terminals, wireless carriers and card processors, credit, debit and other card transactions can be processed as fast as cash, without the cost and inconvenience of a telephone line. In addition, WEPS’ Internet-based tools offer on-line, real-time transaction monitoring, remote diagnostics and automated terminal activation. The Company is headquartered in New York City.

About Lockheed Martin IMS

Lockheed Martin IMS ( provides technology-based services to more than 200 state and local government customers, with a focus on transaction processing, program management and systems integration services. A wholly owned subsidiary of Lockheed Martin Corporation, IMS has a 20-year history of successfully partnering with government agencies in such areas as child support enforcement, welfare-to-work services, electronic toll collection and other “intelligent” transportation services involving the trucking industry, photo enforcement of red-light and speeding violations, parking management, information technology outsourcing and electronic commerce services. In the area electronic benefit transfer, IMS last year served 3.7 million EBT recipients in 18 states, representing 44 percent of the national caseload. IMS’ EBT network encompasses more than 40,000 point of sale devices located at 62,000 retail sites.

About Tillsmith Systems

Established in 1989, Tillsmith Systems ([][2]) is a wholly owned subsidiary of Australian electronic commerce and smart card company, Keycorp Limited (ASX: KYC). Tillsmith is an ISO 9002 certified manufacturer of point-of-sale payment terminals for North American merchants. In addition to a range of both wired and wireless point-of-sale payment terminals and credit transactions, Tillsmith’s Nobil Secure Internet Payment System provides payment processing for e-commerce. Together, Tillsmith and Keycorp continue to design, manufacture and market a wide range of payment solutions to satisfy an evolving marketplace. Tillsmith is headquartered in Phoenix, Arizona.



Smart Card Lawsuit

The Federal Court of Australia this week rejected Catuity’s attempt to split the patent infringement lawsuit filed by France-based Welcome Real-time. Welcome Real-time filed the lawsuit against three Catuity group companies on July 20. The suit charges infringement of one of Welcome Real-time’s Australian patents that broadly covers the emerging use of smart cards to deliver, store and process frequent shopper incentives. The patent also covers the subject matter of Welcome Real-time’s French patent, filed in early 1996. In addition to Australia, Welcome Real-time’s extensive smart card loyalty patent portfolio covers numerous other regions, including the US, Europe and Asia. Catuity had applied to the Court asking whether it would hear the issue of infringement as quickly as possible and delay all other issues in the litigation, including whether the patent was valid, until later. Catuity must now offer its defense by August 30. The trial is set for March 2001. (See CF 7/24/00)



Electronic Clearing House, Inc. announced the initiation of a pilot program that allows merchants to accept multiple forms of payment on one platform. The program, referred to as ECHOTERM 2.0, gives ECHO merchants the ability to accept credit cards, debit cards and to verify checks against National Check Information Services, one of the top negative file databases in the nation.

“For the last few months, ECHO has been working on integrating all of the services of ECHO, RMRS, and XpressCheX, Inc. into one platform and the Verifone Tranz line of terminals is the first of several terminal types that will operate the new platform,” stated Joel M. Barry, CEO. RMRS, a national check verification provider, was acquired by ECHO in January of 2000 and XpressCheX, an ACH processor who also provides verification service, was acquired by ECHO in April of 1999. Verifone Tranz terminals are the most common terminals in use in the merchant marketplace today.

The new software also offers enhanced security features to protect merchants from fraudulent credit card transactions and allows full entry of commercial card data, lowering processing costs to ECHO merchants.

In addition to making ECHOTERM 2.0 available to all new merchants, a direct marketing effort and in-house cross-selling program using ECHO’s 24/7 customer support staff will be launched to encourage all existing ECHO merchants to install the new software and consider adding the new services to their credit card processing with ECHO.

The following services and enhancements make up the ECHOTERM 2.0 software:

— XPRESSVERIFICATION(sm) — A real time check verification of the NCIS database.

— Debit Cards — Using a PIN pad attached to the merchant’s terminal, ECHO merchants have access to Interlink, Maestro, and STAR networks for authorization of their debit card activity.

— Address Verification Service — Having the ability to confirm the home address of the cardholder eliminates unauthorized or stolen card use.

— Security Code Verification — By entering preprinted security numbers on the card, the merchant gains certain chargeback rights and minimizes fraudulent activity.

— Commercial Card support — By accommodating the data entry requirements related to accepting a Commercial Card, the merchant lowers his processing costs and satisfies his business-based customer.

Electronic Clearing House, Inc. provides credit card processing, cash advance services, check guarantee, check verification, check conversion, inventory tracking and/or various Internet services to over 41,000 retail merchants, and U-Haul dealers across the nation. ECHO also designs, develops and integrates software and point-of-sale hardware that is utilized as credit card processing terminals, automated money order dispensers, inventory tracking devices, and cash advance systems.


Priceless Lawsuit

MasterCard’s CEO made a phone call last night to Ralph Nader to make one final plea to discontinue the use of MasterCard’s “Priceless” advertising theme in Nader’s presidential campaign advertising. Robert Selander says the attempt to reach an amicable solution with Nader was unsuccessful. Therefore MasterCard confirmed this morning it has reluctantly filed a lawsuit against Ralph Nader and his presidential campaign committee, seeking to stop them from running a promotional ad misappropriating MasterCard’s “Priceless” campaign. MasterCard says the Nader ad, which has been running on national television, misleads viewers into believing that MasterCard is endorsing Mr. Nader’s campaign. MasterCard says it generally does not mind ‘Priceless’ being spoofed in a good-natured, non-commercial way, by entertainment vehicles such as Saturday Night Live however the card association has not hesitated to file lawsuits against other parties that illegally copy the “Priceless” theme for personal promotion, benefit, or commercial gain. MasterCard launched the highly successful ad campaign in October 1997. The suit seeks a court order banning Nader from running the ad, and at least $5 million in damages.

The video below is in Quicktime. If you have quicktime just click on the play button.


GetThere and AmEx

GetThere Inc. announced that more than 1000 companies are now utilizing the American Express RezPort interactive travel booking solution for small and mid-size businesses, a system that is powered by the GetThere Marketplace platform. With this recent expansion of its relationship with American Express, GetThere now provides the online reservations platform to more than 1,200 companies, including large corporations and small and mid-size businesses.

Until now, small and mid-sized companies have had limited options to manage online travel booking for employees. These businesses can now gain the benefits of an online booking system, reducing the travelers’ time and hassle in making reservations and ensuring that a company receives a full picture of its business travel expenditures. Companies can choose from two different American Express products: RezPort, which provides the core interactive booking and reporting capabilities, and RezPort+, which incorporates preferred vendors, negotiated rates and policy guidelines. Unlike many unmanaged travel sites, both RezPort booking solutions are integrated with a global network of local travel offices — the American Express customer service network, which includes dedicated travel counselors in more than 1,700 travel offices worldwide.

“American Express has moved very quickly to reinforce its leadership in providing e-business services to companies of all sizes,” said Rich Miller, Vice President of Small Business Travel. “The GetThere Marketplace provides a robust and flexible technology platform that lets us deliver powerful online travel solutions that were previously available only to the largest corporations.”

“After entering into partnership with American Express in September 1999, we’ve developed new solutions for their corporate clients,” said Gadi Maier, president and CEO of GetThere. “Beyond supporting Corporate Travel Online, American Express’ online product for large corporations, which was introduced in June of this year, GetThere can now bring the benefits of online booking to smaller organizations. These are companies that are eager to implement online tools because they can see quick, tangible savings and can better support their tech-savvy travelers.”

The GetThere Marketplace

The GetThere Marketplace has the largest base of corporate travel buyers and leading travel suppliers of any Internet-based B2B travel marketplace. It provides comprehensive online booking to corporate employees by connecting them with suppliers of travel services, such as air, hotel, rail and car rental companies. The GetThere Supplier Network enrolls major travel suppliers as direct participants in the GetThere Marketplace. The members of the Supplier Network are working with GetThere to develop direct connect solutions that further improve booking speed, enable new services and content, and provide economic efficiencies to corporate buyers and suppliers.

About American Express Corporate Services

American Express Company ([][1]) is the leading global provider of commercial cards and one of the world’s largest business travel agencies. Through its Corporate Services group, formed in 1982, the company counts more than 70% percent of the Fortune 500, along with tens of thousands of mid-sized companies, as customers of its Business Travel, Corporate Card, Corporate Purchasing Card and Consulting Services.

American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, financial planning, investment products, insurance and international banking.

About GetThere

GetThere operates the world’s largest Internet marketplace focused on business-to-business travel services. GetThere’s systems are used to provide online travel procurement to employees at leading corporations such as Boeing, Chevron, Cisco, Cox Enterprises, Lucent, MetLife, Nike and Xerox. GetThere also powers online travel sites for leading airlines, including Alitalia, All Nippon Airways, America West, British Airways, Northwest Airlines, TWA and United Airlines. GetThere can be found on the Web at [][2].



LML – ChequeMARK Patent Dispute

LML Payment Systems Inc. wishes to provide clarification regarding certain rumors and reports surrounding the ownership of United States Patent No. 5,484,988; certain litigation involving one of the original vendors; certain records contained in the recordation division of the United States Patent and Trademark Office; and, a complaint filed by Global Transaction Systems LLC against the Company for alleged patent infringement.


On March 11, 1998, the Company acquired substantially all the assets (the “Assets”) of ChequeMARK Technologies Corporation (“CTC”). The Company also purchased all rights, title and interest to United States Patent No. 5,484,988 describing a check writing point-of-sale system (the “Patent”) from two individuals, Mr. Henry R. Nichols and Mr. Robert R. Hills (collectively, the “Vendors”), who each held an undivided interest in the Patent.

Repurchase Option

In connection with its purchase of the Assets and the Patent, the Company agreed to provide certain development funding (the “Funding”). In the event the Company failed to provide the agreed Funding, the Vendors and CTC had, under certain circumstances, the option for 90 days to repurchase the Patent (the “Vendors’ Option”) and the Assets (the “CTC Option”) for and in consideration of the repayment of all cash consideration paid, all the Funding advanced and either all shares of the Company’s stock issued in connection with the acquisitions or an amount equal to the actual proceeds of their sale after taxes attributable thereto.

Proper exercise of the CTC Option to repurchase the Assets and the Vendors’ Option to repurchase the Patent would have required: (i) a breach by the Company of its Funding obligation, (ii) due notice of such a breach, (iii) failure to cure the breach within 30 days of such notice and (iv) the repayment to the Company of all cash consideration paid, all the Funding advanced and either all shares of the Company’s stock issued in connection with the acquisitions or an amount equal to the actual proceeds of their sale after taxes attributable thereto (collectively, the “Pre-conditions”).

The Company confirms the Pre-conditions did not occur. The Company confirmed the Funding was made in its entirety in its 1999 Annual Report in Note 14.(b) to its Audited Financial Statements. Further, neither the Vendors nor CTC has repaid to the Company any of the cash consideration paid, nor any of the Funding advanced, nor returned any of the Company’s shares issued in connection with the acquisition of the Assets and the Patent, or alternatively, an amount equal to the actual proceeds of their sale after taxes attributable thereto. The Company confirms the Patent and the Assets have not been repurchased by the Vendors or CTC.

Litigation with Vendor

On March 10, 1999, the Company commenced legal action in the United States District Court for the Middle District of Florida, Jacksonville Division, against Robert R. Hills and Mark Technologies Corporation (formerly known as CTC), seeking, among other relief, a declaratory judgment that the defendant Hills effected a “unilateral resignation” under the terms of the employment agreement he entered into in connection with the Company’s acquisition of the Assets and the Patent. On July 27, 1999, the claim relating to the declaration of a “unilateral resignation” was dismissed on procedural grounds, and on October 4, 1999, the Company’s remaining claims were amended to include the specific performance by Mr. Hills of his obligations to the Company and its affiliates, including his continuing obligation to sign all documents and do all things necessary regarding a new, but related, patent application (U.S. Patent Application Serial No. 08/775,400) being pursued by the Company (the “Internet Patent”). Despite the above, legal counsel for the Company was able to successfully continue the prosecution of the Internet Patent application with the United States Patent and Trademark Office (“USPTO”) on behalf of the Company. On March 27, 2000, the Company announced it had received a “Notice of Allowance” from the USPTO for the Internet Patent. The Internet Patent contains all the same claims as the Patent and specifically includes the authorization via the internet of electronic checking transactions. The Company expects the USPTO to formally issue the Internet Patent in the near future.

On April 13, 2000, during a deposition related to the above mentioned legal action, Mr. Hills testified that in September, 1998, he had filed documentation with the recordation division of the USPTO attempting to transfer the Patent from the Company’s subsidiary ChequeMARK Patent Inc. to himself. The Company confirms that Mr. Hills has never been an employee, officer, director, authorized agent or authorized signatory of ChequeMARK Patent Inc.

Mr. Nichols has confirmed to the Company that he was in no way associated with filing any documentation related to any purported assignment of the Patent from ChequeMARK Patent Inc. to Mr. Hills, and that Mr. Hills acted alone without seeking information or support from Mr. Nichols.

On April 19, 2000 legal counsel for ChequeMARK Patent Inc. filed correcting documents with the recordation division of the USPTO which correct the record. The Company has been advised there exists a considerable lag between the time documents are filed with the recordation division of the USPTO and their availability via electronic access.

Mr. Hills also testified in his deposition that he assigned his interest in the Patent to a company named Global Technology (“Global Technology”). Documentation alleging this assignment was also recorded in the recordation division of the USPTO. The Company and its legal counsel have been unable to discover the legal existence of this company or locate any agent of record for Global Technology. The Company is advised that the recordation division of the USPTO simply records documentation transmitted to it. The recordation division of the USPTO does not have a procedure to determine the authenticity of ownership interests regarding intellectual property.

New Complaint

On July 20, 2000, a different company named Global Transaction Systems, LLC, a Nevada limited liability company (“Global Transaction”), as plaintiff, filed a complaint against the Company in the United States District Court, Southern District of Florida, for patent infringement and for a permanent injunction against continued infringement. To date, the Company has not been served with the complaint. The Company is of the opinion that the legal complaint filed by Global Transaction against the Company has no basis and is without merit. If, indeed, the complaint is pursued by Global, the Company intends to contest and defend the complaint vigorously.

Company’s Position

The Company’s position in these matters is that since March 11, 1998, the date the Company purchased the Patent, there has been no repurchase, sale or effective assignment of the Patent and ChequeMARK Patent Inc. a subsidiary of the Company, remains the sole owner of the Patent.



Discover announced yesterday the expansion of its ‘Discover Educators Card’ and a doubling in the size of Discover Online users. Discover ‘s ‘Educators Card’ has added new merchant partners offering a 5% ‘Cashback Bonus’. Teachers will continue to receive a ‘Cashback Bonus Award’ of up to 2% of their total purchases, and will now be eligible for an additional 5% ‘Cashback Bonus Award’ for purchases made at,, Laura Ashley, Reebok,, and World of Science. Discover is also donating a portion of each ‘Discover Educators Card’ transaction to Communities in Schools. To date, the program has produced more than $150,000 in donations. Discover also announced that the Account Center at has registered over two million accounts, double the size of its registered user population eight months ago.


On The Run

ExxonMobil is launching a new convenience store that utilizes the ‘SpeedPass’ payment technology. The new convenience store will be called ‘On The Run’. The new stores will be as large as 4,000 square feet and will include a new proprietary food service. The first of the new ‘On The Run’ stores will debut at Exxon-branded service stations in Charlotte, N.C., in December, and will expand nationally in 2001. ExxonMobil recently extended the ‘Speedpass’ payment technology inside Mobil convenience stores, expanded ‘Speedpass’ to its Exxon-branded service stations and convenience stores, and launched the cross-acceptance of Mobil and Exxon credit cards.