GE TransPoint

TransPoint LLC and GE Capital announced that GE Card Services, a company of GE Capital, is now offering the TransPoint e-bills service to its customers. As part of the agreement, GE Capital will act as a reseller of the TransPoint e-bills service. On Jan. 26, 2000, the Exxon credit card was the first GE Card Services portfolio to be brought live on TransPoint’s e-bills service.

“TransPoint’s system will help us provide a valuable new service in response to our clients’ emerging online needs,” said Michael Bucheit, vice president of E-Commerce at GE Card Services.

Through TransPoint’s online payment service, consumers can view and pay bills that arrive electronically through TransPoint, pay bills that arrive through the U.S. Postal Service, and pay nearly anyone else. With one fully integrated and convenient service, consumers with Internet access and a secure Web browser can pay all of their bills with a few clicks of a mouse. Companies that deliver bills electronically through TransPoint benefit from targeted marketing, greater control over the billing process, and personalized customer care. Their customers benefit from an easy, convenient service that is fast, flexible and credit-secured.

“By enhancing the consumer experience, TransPoint e-bills enable GE Card Services to strengthen its customers’ relationships at multiple levels,” said Ralph Young, executive vice president, TransPoint. “This agreement is a strong indication of the rapid growth TransPoint and the industry will experience this year.”

Currently, the TransPoint e-bills service is available to consumers through the MSN MoneyCentral online personal finance service at , the TransPoint Web site at , the Compass Bank Web site at , and the InterWest Bank Web site at .

About GE Capital and Card Services

With assets of more than $345 billion (U.S.), GE Capital is a global, diversified financial services company with 28 specialized businesses. A wholly owned subsidiary of General Electric Co., GE Capital, based in Stamford, Conn., provides equipment management, midmarket and specialized financing, specialty insurance, and a variety of consumer services, such as car leasing, home mortgages and credit cards, to businesses and individuals around the world. GE is a diversified manufacturing, technology and services company with operations worldwide.

GE Card Services is a leader in providing credit services to retailers and consumers. Formed in 1932 as a provider of consumer financing for GE Appliances, Card Services provides private-label credit cards, commercial programs and card-related financial services for hundreds of retailers and manufacturers across North America. Card Services also issues and services corporate cards for commercial customers, including purchasing, travel and fleet vehicle cards. Card Services offers clients a full range of operational, financial and analytic support, and develops customized marketing programs designed to increase sales and customer loyalty.

About TransPoint

TransPoint, established in June 1997, is a joint venture of Microsoft Corp. and First Data Corp., with Citibank as a minority equity investor. Englewood, Colo.-based TransPoint is a leader in the emerging electronic bill presentment and payment (EBPP) industry with a seamless e-bills service built from the ground up. The TransPoint system uses innovative technology and integrates easily with billers’ and banks’ existing payment systems. The TransPoint service is designed to be the fast, easy way for consumers with Internet access to make all of their payments online from a single, secure Web site. Consumers can pay their bills at multiple Internet locations, including the MSN MoneyCentral personal finance online service, the TransPoint Web site, and at the Web sites of participating financial institutions. On Feb. 15, TransPoint entered into a definitive merger agreement with CheckFree Corp., a leader in electronic billing and payment. The combined technologies and relationships of the two entities are expected to accelerate moving the billing and payment process from paper to the Internet and to advance the rate at which consumers sign up for electronic billing. The transaction will be accounted for as a purchase by CheckFree and is expected to be final in four to six months. More information about TransPoint is available at .

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ePic Japan

Hypercom Corporation introduced its comprehensive Internet based retail countertop commerce and information system to the Japanese market. Dubbed ePOS-infocommerce or ePic, the industry’s first Internet enabled POS payment terminal and server system enables merchants throughout Japan to support a range of Internet based functions via Hypercom ICE series touch screen terminals. Hypercom’s ePic also enables merchants to set up centrally hosted web stores and operate them via the terminal. ePic supports e-mail, on-screen advertising, interactive electronic coupons, interactive loyalty, electronic receipt capture, branding programs, and e-commerce — in addition to traditional secure payment processing functions.

“Until now the substantial benefits offered by the Internet have not been realized by the majority of Japan’s merchants. It has simply been too costly, too inconvenient and indeed, often not practical for many merchants to get involved with Internet based selling and promotional programs. Most importantly, virtual commerce has been all too foreign to most retailers. Hypercom’s ePic uses the familiar, ubiquitous POS payment terminal to bring the benefits of the net to the merchant. ePic also bridges the gap between brick and mortar retail and the virtual storefront,” announced George Wallner, president and CEO, Hypercom Corporation in a speech to attendees of Retail Technology Japan 2000. “We are delighted to introduce this advanced solution to the Japanese market.”

The End of ‘Little Gray Boxes’

“With ePOS-infocommerce, Hypercom transforms the little card-swipe ‘gray box’ into a networked, screen-based customer-activated platform. ePic makes possible not only secure and fast card payments but also transforms the card payment device into a platform for merchants to deliver valuable information to shoppers, whether in the physical store, in the virtual store, or in the broader Internet commerce community. With ePic, the terminal essentially becomes a narrowcast consumer channel that accepts payments,” Wallner said.

“Most importantly, ePic will expose non-Internet users to Internet content, and thus expand the reach of the Internet into an entirely new domain, to a consumer market segment that may not get on the net for years to come,” added Wallner.

Broad Industry Support for ePic

Hypercom has worked closely with industry partners spanning all aspects of the financial transactions industry, including Visa International, MasterCard International, Paymentech and other industry leaders to ensure it delivers a solution that supports the key points in the financial transactions chain.

“Hypercom’s ePic product strategy is a major step in integrating the physical and virtual payment worlds,” said Scott Thompson, executive vice president, Visa USA. “Hypercom is providing a truly innovative platform with which large numbers of retail merchants will be able to embrace the electronic commerce world.”

“ePic from Hypercom strategically converges the physical and virtual worlds, and transforms POS terminals into everyday information delivery and program access platforms that give transaction-based service providers the potential to build incremental revenue, streamline their operations, and provide consumers with an array of new services,” said Fred Gore, senior vice president, North America Acceptance, MasterCard International.

“ePic represents a new paradigm for merchants that will improve customer retention,” said Laura Rogers, group executive for product management at Paymentech, the nation’s second largest credit card processor. “Many merchants either do not have PCs, or do not have ready access to them in their stores. With Hypercom’s ePic, merchants greatly increase the functionality and programs they can perform with their ICE card payment terminals. As the first major payment network to endorse Hypercom’s ICE, we are tremendously excited about the new opportunities ePic can afford our clients who use ICE terminals.”

“ePic is a technology that can add value to the shopper’s experience at the point-of-sale,” said Bruce J. Brittain, president, Brittain Associates. “Added value creates loyalty and retention. We’ll be tracking ePic’s progress with interest.”

“Hypercom’s ePic strategy is an innovative approach that will lead to a significant and valuable transformation at the point-of-sale,” said Paul Martaus, president, Paul Martaus & Associates. “We applaud the company’s progressive leadership.”

Convergence of the Point-of-Sale and Internet: The Next Generation

Hypercom’s “next generation” ePic information delivery and program access solution lets merchants access and conduct an array of Internet-based applications that generate revenues and streamline operations. With e-mail, merchants can consolidate and expedite their communication with banks and consumers directly at the point-of-sale.

By accessing the Internet at the countertop, merchants faced with charge-back disputes can quickly connect to a receipt-storage system, locate the receipt by date and card number, and send it directly to Visa or MasterCard by electronic mail, fax or electronic data interchange.

“ePic strategically converges the physical and virtual worlds, and transforms POS terminals into everyday information delivery and program access platforms that give transaction-based service providers an unprecedented opportunity to build revenues and streamline their operations, and provides consumers with an array of new services,” Wallner said.

Sophisticated interactive messages and revenue-generating incentives can be directed to shoppers when they are interacting with, and have their attention totally focused on, Hypercom’s graphics-based ICE terminal at the point-of-sale.

Immediate on-screen access to loyalty and coupon programs can translate into high levels of consumer participation and generate additional revenues for the merchant delivering these programs. E-commerce gives small merchants the power to tap into a huge market beyond their storefront and dramatically increase sales — all at the point-of-sale.

Industry-related studies indicate that electronic and payment card transactions will continue to grow as consumers embrace the convenience and speed of card-based transactions. Within six years, electronic transactions are projected to comprise from 24% to 48% of all consumer payments. Consumers will also accept and use more automated payment channels at a rapid rate.

“Even if the percentage comes in below that projection, it is essential that small merchants move now to establish their presence on, and extend their reach to the millions of consumers purchasing goods and services over the Internet,” Wallner said. “Selling over the Internet is the most cost-effective way for merchants to dramatically extend their reach and increase sales. Indeed, it is a business imperative if merchants are to maintain and build sales.”

Hypercom’s ePic will also provide financial institutions and merchants with a new core technology that will enable them to offer a wide range of electronic payment services that are customer-oriented, business integrated and available through Hypercom’s ICE platform.

Innovative Technology

ePic builds on Hypercom’s global expertise in developing end-to-end, value-added payment, networking and fast data systems to process electronic payments.

In addition to the Hypercom ICE terminals, ePic incorporates Hypercom’s e-commerce web merchant-hosting software and Ascendent(TM) RealPay(TM) payment gateway which allows merchants to quickly set up Web storefronts and begin processing orders literally within hours. Hypercom’s Ascendent RealPay is a versatile, high-performance transaction processing software solution that allows banks and other traditional transaction processors to quickly and easily become Internet payment processors.

Because Ascendent RealPay software resides between the merchant location and payment processing host, payment processors can add new payment protocols, applications and functions quickly and easily without having to change existing legacy systems.

The rollout of Hypercom’s ePic platform components is underway now. The company will work closely with merchants who use Hypercom’s more than three million terminals to quickly transition to the new ePic system, and with millions of other merchants worldwide.

Hypercom Corporation (NYSE:HYC) is a global provider of end-to-end electronic payment solutions, including card payment systems, peripherals, network products, software and e-commerce payment solutions that add value at the point-of-sale for consumers, merchants and acquirers.

Headquartered in Phoenix, Arizona, Hypercom markets its products in more than 70 countries through a global network of affiliates and offices in Argentina, Australia, Brazil, Chile, China, Germany, Hong Kong, Hungary, Japan, Mexico, Puerto Rico, Russia, Singapore, Sweden, the United Kingdom and Venezuela. Hypercom’s Internet address is [www.hypercom.com][1].

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

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AOL/VISA Millionaire

Millionaire madness has moved to the Web! America Online and Visa U.S.A. awarded one million dollars to Franza Giffen Newsom of the San Francisco Bay Area as the lucky winner of the AOL and Visa “You’ve Got a Million” Sweepstakes.

The promotion was designed to encourage registration and use of Shop@AOL’s Quick Checkout “wallet” technology, a cutting-edge online payment solution that enables consumers to pre-enter data to avoid continuously re-entering their personal and credit card information for each purchase.

“My family has been on AOL ever since we first started using the Internet six years ago, and my son, William, and I have been shopping online for quite a while. In fact, he’s the one who convinced me to sign up for AOL’s Quick Checkout because of the Visa promotion. I never expected to win one million dollars and it was a surprise to win it by shopping online,” said Franza Giffen Newsom.

Shoppers received one entry when they registered for Shop@AOL’s Quick Checkout (AOL Keyword: Million) between November 1 and December 20, 1999. One grand-prize winner was chosen via a random drawing and awarded the one million dollars.

“We’re thrilled with the tremendous success of the AOL and Visa ‘You’ve Got a Million’ Sweepstakes, which resulted in a record number of Quick Checkout registrations during the promotion. Online shopping sales by AOL members surged to over $2.5 billion this holiday season and we were able to leverage the popularity of online shopping by highlighting the ease and convenience of Shop@AOL’s Quick Checkout,” said Patrick Gates, AOL’s Vice President of E-commerce.

“Since more than 70 percent of new AOL wallet registrations during the promotion were made with Visa cards, this program was a tremendous success,” said Gerry Sweeney, vice president, marketing, e-Visa. “By making online shopping safe, easy and convenient for our cardholders, we continue to drive volume for our Member banks and establish Visa as the currency of the Internet.”

Recently, Visa backed their claim that its system is the safest way to pay on the Internet after announcing that overall card losses have dropped to an all-time low of 0.06%of total transaction volume – or just 6 cents for every $100 in transactions. That’s down from 0.07% in 1998 and 0.18% in 1992.

This April, the company will introduce a new zero liability rule for cardholders that virtually eliminates consumer liability in cases of Visa card fraud over the Visa system, thus making it even easier for consumers to shop online.

About AOL’s Quick Checkout

America Online, Inc. was one of the first companies to recognize the need for an express payment system for online purchases. In fall 1998, the Company launched “Quick Checkout,” a wallet technology that allows for a more streamlined shopping process and dramatically reduces the time during which transactions occur.

Customers enter routinely requested information, including up to 10 credit cards, billing information and up to 50 shipping addresses, allowing them to shop seamlessly across AOL’s participating merchant partners.

Quick Checkout is a complimentary shopping service available to users of the AOL Shopping destinations: Shop@AOL, Shop@AOL.COM, Shop@CompuServe, Shop@Netscape, Shop@Spinner and Shop@Digital City. Online shoppers using any of these destinations need to register for a Quick Checkout account only once to use it across each of the sites

AOL Member Benefits

AOL has always been dedicated to bringing members the most rewarding experience in cyberspace. Shop@AOL’s Quick Checkout, coupled with other AOL premium service’s, including: seven screen names, Buddy Lists and Instant Messaging, built in Parental Controls, and round-the-clock customer service, have helped build America Online’s loyal audience of more than 21 million members. Recognizing the ever-increasing value of AOL membership, AOL subscribers are now averaging more than one hour online daily.

Additionally, AOL continues to take member benefits to the next level by aligning with premier companies to offer AOL Long Distance, AOL Visa and the AOL AAdvantage Rewards program, recently announced with American Airlines.

What’s more, on February 11, AOL launched the AOL Insiders Savings Club, an exclusive club enabling AOL members to save money on a wide range of goods and services through the purchasing power of the world’s largest online community.

By teaming with leading partners and merchants, the AOL Insiders Savings club aggregates the best bargains in cyberspace in one convenient location – AOL Keyword: Insider Savings – and delivers them directly to members’ mailboxes.

About America Online, Inc.

Founded in 1985, America Online, Inc., based in Dulles, Virginia, is the world’s leader in interactive services, Web brands, Internet technologies, and e-commerce services.

America Online, Inc. operates two worldwide Internet services: America Online, with more than 21 million members, and CompuServe, with approximately 2 million members; several leading Internet brands including ICQ, AOL Instant Messenger and Digital City, Inc.; the Netscape Netcenter and AOL.COM portals; the Netscape Navigator and Communicator browsers; AOL MovieFone, the nation’s No. 1 movie listing guide and ticketing service; and Spinner Networks and NullSoft, Inc., leaders in Internet music.

Through its strategic alliance with Sun Microsystems, the Company develops and offers easy-to-deploy, end-to-end e-commerce and enterprise solutions for companies operating in the Net Economy.

About e-Visa

Visa U.S.A. is the leading payment brand and the largest payment system in the United States, with more volume than all other major payment cards combined. Visa 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 330 million Visa credit, commercial and check cards, which generate more than $660 billion in annual transaction volume. Visa-branded cards are accepted at over 17 million locations worldwide, including some 500,000 ATMs in the Visa/PLUS Global ATM Network. Visa’s Internet address is [www.visa.com][1].

A division of Visa U.S.A., e-Visa was created to accelerate mass adoption of electronic commerce and to position Visa as the currency of the e-economy. The division consolidates all of Visa’s e-commerce competencies, including brand marketing, processing systems, operations, business development and alliances and partnerships into one unit.

e-Visa is designed to enable Visa Member banks to better serve their customers – including cardholders, merchants and businesses – and to compete by differentiating themselves in the emerging e-economy.

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

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WildCard Systems

The ClaimCard, Inc. the technology leader in host-based stored value electronic payment systems announces a major expansion in focus that leverages the company’s core platforms. This expansion includes a change in the company’s name to WildCard Systems, Inc. ([www.wildcardsystems.com][1]) and an infusion of more than $18 million in new capital.

The company pioneered the use of magnetic stripe host-based stored value cards for the payment of insurance claims. Its Web-based software application, Xclaim!(TM), is a best-of-breed product for the valuation and payment of homeowner content claims. During the past year, WildCard Systems has been aggressively expanding beyond the insurance vertical market. The company formed an alliance with Visa under which the company was named a preferred provider of stored value services and the processor for Visa TravelMoney(TM) for Visa, USA. WildCard Systems has also formed relationships with leading financial institutions to offer new payment systems products such as virtual gift certificates, mall cards, payroll cards, travel cards, and tax refund cards.

“Our new name, WildCard Systems, articulates the broad positioning of the company as a leading provider of innovative payment systems and Web-based solutions,” said Larence Park, President and CEO of WildCard Systems, Inc. “We have forged key alliances in each of our major vertical markets and have introduced a raft of new products.” For example, WildCard Systems developed an Internet based point-of-sale system for the American Automobile Association (AAA). It is a custom designed, turn-key solution for the issuance and management of the new prepaid travel card products introduced last year. ClaimCard ([www.claimcard.com][2]) becomes a division of WildCard Systems and will continue to focus on the insurance industry.

The new capital, which totals $18,375,000, marked the company’s third round of financing. Sutter Hill Ventures, the venture capital company that provided the company’s second round, led the financing group with major participation from Greenwich Street Capital Partners II, L.P. The financing group also included E.W. Blanch Co., one of WildCard’s strategic partners, and major investors from earlier rounds.

“These additional funds will allow WildCard Systems to ramp-up our product development capability and data processing infrastructure to serve customers in a broad range of commercial and consumer markets,” Park said. “We will also make strategic acquisitions to extend our core capabilities as opportunities present themselves.”

WildCard Systems is the technology leader for electronic stored-value cards and related Web-based software. The company’s software delivers scalable solutions that enable its customers to leverage “host-based” smart card applications in a wide variety of vertical markets. WildCard’s proprietary software delivers a full range of stored value services from authorization and settlement to administration and marketing. The company has offices in Florida and Silicon Valley.

[1]: http://www.wildcardsystems.com/
[2]: http://www.claimcard.com/

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NextCard Conference

NextCard, Inc., the leading issuer of credit cards on the Internet, will be holding a conference call this afternoon at 5:00 PM Eastern Time. The conference call will respond to inaccuracies in a subscription-based report about the company and discuss the recent unusual increase in trading volume and short-selling activity.

Interested parties may access the conference call over the Internet through the investor relations section of the company’s website at [www.nextcard.com][1]. To listen to the live call, please go to the website at least 15 minutes early to register, download and install any necessary audio software.

About NextCard, Inc.

NextCard, Inc. ([http://www.nextcard.com][2]) is considered the leading issuer of consumer credit on the Internet. Launched in 1997, the company was the first to offer online credit card approval within 30 seconds, a choice of customized credit card offers, personalized PictureCard(SM) and exceptional online customer service. NextCard is committed to providing the most robust consumer shopping experience on the Internet and has continued to innovate with its complete GoShopping!(SM) Web site, NextCard Concierge(SM), and comprehensive rewards program.

NextCard is consistently a top ten online advertiser, operates a network of over 35,000 affiliates and has exclusive card relationships with leading brands including Amazon.com, priceline.com and DILBERT. The Company publishes the NextCard eCommerce Index(SM), the premier source of online purchase activity, and was named the No.1 credit card brand PC users would consider for use, according to ZDNet’s BrandIQ research study. NextCard was named a Top 50 Financial Web site by Money magazine, a HOT 100 Company by Upside magazine and one of The Standard 100 most important and influential companies in the Internet economy by The Industry Standard.

[1]: http://www.nextcard.com/
[2]: http://www.nextcard.com/

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Banklink Easy-Pay

Fiserv’s Banklink has developed a new solution to meet the demands of financial institutions for a modular package of electronic payment services. ‘Banklink EasyPay’ enables corporate cash management customers to electronically initiate ACH transactions for bill payment, taxes, direct deposit and other payments and collections. They can also import information (such as NACHA files and data from accounting and payroll systems) and use templates to make EDI payments. With ‘EasyPay’, customers can also initiate wire transfers with a variety of reporting and inquiry features to help monitor wire activity. Confirmation on the disposition of each transfer is automatically sent to the customer’s personal computer with reports on the status of each wire that they have composed. Every transaction is saved and recorded for auditing purposes.

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IFS Explores Options

IFS International Holdings, Inc. announced that it has retained Commonwealth Associates, a New York-based Merchant and Investment Banking firm, to advise the Company on various strategic and corporate finance matters. In consideration for its services, Commonwealth Associates received 850,000 warrants to purchase Common Stock at various prices.

John Singleton, Chairman, IFS International Holdings, commented, “Our strategic plan is on course for all subsidiaries, resulting in the development of complementary products to our existing products, and also some of the most advanced e-commerce products in our industry. The addition of these products to IFS’ family of software products could have a significant impact on the Company’s financial performance in the future. The excellent expertise of Commonwealth Associates will enable us to sharpen our focus and accelerate our growth and leadership in the EFT and E-Commerce industries.”

IFS International, Inc. and Network Controls International, Inc. are subsidiaries of IFS International Holdings, Inc. which has headquarters in the U.S.A. and subsidiary offices in the U.S.A., U.K., Singapore, Australia, and Germany.

IFS International, Inc. develops, markets and supports software products for the EFT market. IFS International’s TPII and TP-CMS products provide support for ATMs, Point of Sale devices, network switches, smart cards and card management. 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.

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E-Cash

eCash is ready for prime time. WA-based eCash Technologies says its multi-year pilot with Deutsche Bank 24 has proven the ‘eCash’ technology is ready for widespread adoption. The ‘eCash’ pilot program involved more than 300 online merchants and eight banks worldwide. The test recorded millions of dollars in transactions across 30,000 accounts. ‘eCash’ says the pilot program received a 100% success rate and no security breaches. ‘eCash’ is the virtual equivalent of cash, which can be used for many kinds of electronic payments, including micro-payments, person-to-person payments, business-to-business payments and purchases at online merchants that accept ‘eCash’. The company expects to make announcements about strategic partnerships over the next few months. eCash Technologies is also addressing international currency and multi-bank exchange issues through a multi-currency eCash software product scheduled for international release later this year.

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1ClickCharge Names Mrkt Head

1ClickCharge, the single-click Internet payment service, announced Tuesday the appointment of Russell W. Schare to Senior Vice President of Marketing & Business Development. Schare joins 1ClickCharge from Ticketmaster where he served as Director of Business Development.

1ClickCharge is the provider of the first 100% outsourced payment service for online content, offering merchants a whole new way to sell content and featuring low hurdles to implementation. With 1ClickCharge, credit cards act like cash on the web, enabling consumers to conveniently and securely purchase content on a pay-per-use basis in small dollar amounts.

In his new position, Schare will be responsible for growing and leading the marketing organization, defining 1ClickCharge’s products and partners, and setting market development strategy. Schare will head both corporate and product marketing, as well as coordinate the efforts of the Business Development and Partner Development teams.

“Russell has played an integral part in creating some of the most recognized corporate names today. We plan to leverage his experience in strategy, promotion and business development to build the 1ClickCharge brand,” said Heidi R. Goff, President and CEO of 1ClickCharge.

Schare brings 20 years of marketing experience to 1ClickCharge. His background includes positioning and branding products for major corporations including Procter & Gamble, Anheuser Busch, and HBO. Over the past seven years he has lead business development efforts at Time Warner, Ticketmaster and AirMedia.

About 1ClickCharge(tm)

1ClickCharge’s Web Payment service makes credit cards perform like cash on the Internet by giving consumers the ability to easily purchase web content on a pay-per-use basis in small dollar amounts. Because 1ClickCharge is 100% outsourced, merchants are able to enhance profitability without the technical hassles typically associated with setting up their own Internet payment service. 1ClickCharge’s mission is to lead the industry in single-click Internet payments under $20, a market space it calls Convenience e-Commerce(tm). The company is led by Heidi R. Goff, President and CEO, a 20-year senior management veteran of MasterCard, GlobalPay, ADP and IBM. 1ClickCharge is a service of 1ClickBrands, LLC, a majority-owned operating company of CMGI, Inc.. Visit the company’s Web site at [www.1clickcharge.com][1].

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

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Sure-Pay

Lucent Technologies introduced ‘SurePay Solutions’ yesterday to assist wireless and wireline service providers to enter the prepaid and calling card markets. The ‘SurePay’ suite is a global solution, supporting ANSI-41, GSM and wireline networks individually or in a converged environment. The Lucent ‘SurePay Solutions’ suite includes: ‘SurePay PrePaid Service’ which provides residential and business prepaid accounts for fixed and mobile subscribers; ‘SurePay Calling Card Service’ which offers prepaid and postpaid calling cards in fixed and mobile networks, including voice-over-data networks; and ‘SurePay Spending Management Service’ which provides real-time usage monitoring for fixed and mobile postpaid accounts. Industry analysts project the U.S. prepaid market earned carriers over $1.5 billion in service revenues by the end of 1999.

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Oasis Names EMEA Head

Oasis Technology Ltd., a leading provider of e-payment software for mobile commerce, the Internet and real world payments, Tuesday announced that it has appointed Wolfgang Heinrich to the position of president, EMEA Region, Oasis Technology UK Ltd.

As the head of Oasis’ European office, scheduled to open in London, England in the first quarter of 2000, Wolfgang will provide the strategic direction and leadership that will help to further reinforce the company’s position as a leading e-payment software provider throughout the Europe/Middle East/Africa region. In building a self-sufficient European hub specializing in pre-sales support, on-site consulting and customer care, Wolfgang will firmly position Oasis Europe as the center of excellence focusing on strong customer and partner relationships.

“In a market like Europe, where e-commerce and mobile commerce are growing rapidly, there is a tremendous opportunity to build strategic client and partner relationships that will reinforce Oasis as the de facto e-payment standard in the region,” said Wolfgang Heinrich, president, EMEA Region, Oasis Technology U.K. “I look forward to managing Oasis’ activities in the region, and building one-on-one relationships with leading e-payment and mobile Internet commerce leaders.”

As a twenty-year veteran of the banking and financial technology industries throughout both Europe and North America, Wolfgang is ideally suited to build Oasis’ European infrastructure. Most recently, as executive vice president of Global Customer Support & Regional Relations for Visa International, Wolfgang was principally responsible for key internal account management, including strategic communication with Visa regional offices and the organization of international Visa Member Advisor meetings. Leading a staff of 500, Wolfgang was also responsible for driving the Global Customer Service Division and a 24 x 7 multilingual customer call center.

“Wolfgang’s international experience in the financial technology and e- payment industries speaks for itself,” said Ashraf Dimitri, president and CEO of Oasis Technology Ltd. “The EMEA region is a diverse and complex environment in the e-payment world. For Oasis, that represents an enormous opportunity. Wolfgang’s understanding of the challenges that customers and partners face in bringing their e-payment processing solutions to market will make us an even stronger force in the region.”

First Ecom.com, Bank of Bermuda, Visa International and other global Internet customers currently use Oasis software to bridge the virtual world of Internet payments with real-world payments from traditional channels. Oasis’ end-to-end e-payment products provide a flexible, scalable software platform for processing e-payment transactions from Internet, mobile commerce and traditional electronic payment channels. Oasis has been a proven developer of next-generation e-payment software for more than 10 years, and has its software currently installed in more than 70 countries worldwide.

At CeBIT 2000, Oasis will demonstrate its e-payment software solution for Internet merchant payments in collaboration with The ACTiX Group, a global partner specializing in payment solutions and UNIX based consulting services. The companies will jointly exhibit at demopoint A80 in IBM’s partner booth, located in Hall 2, stand D28.

About Oasis Technology Ltd.

Oasis Technology Ltd. develops leading e-payment software products for Internet and traditional banks, e-tailers, retailers, card associations, and third-party processors in more than 70 countries worldwide. Today, payment systems powered by Oasis software process more than four billion transactions annually. Oasis e-payment software products are designed for end-to-end payment processing throughout the entire payment lifecycle, bridging the virtual and real worlds of electronic payments. The company’s international client base includes ABN Amro, American Express, The Bank of Montreal, Citibank, Credicard/Redecard Brazil, Diners, Europay, Golden Card (China), MasterCard and Visa International. With corporate headquarters located in Toronto, Canada, the company also operates offices in Kuala Lumpur, Malaysia, Miami, Florida and San Jose, California, and supports an extensive network of international distributors and sales representatives. Oasis is ISO 9001 registered. Visit Oasis online at [http://www.oasis-technology.com][1].

[1]: http://www.oasis-technology.com/

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Bill-Point

Online trading giant, eBay Inc., and Wells Fargo & Company announced early this morning an alliance to take ‘Billpoint’ to the next level. eBay acquired Billpoint, Inc., an online payment technology firm, last May. Since then, Billpoint has built its initial person-to-person payment platform, combining Internet payments with data security, customer service, and integration with eBay. The strategic alliance with Wells takes the existing ‘Billpoint’ platform forward, enabling it to immediately serve eBay’s 10 million customer base by utilizing the payments and customer care backbone of Wells Fargo. Under terms of today’s deal, Wells Fargo has agreed to purchase a 35% equity interest in Billpoint from eBay. Wells Fargo has also signed a long-term payment processing and customer care contract with Billpoint. eBay members add more than 500,000 items to the site daily in more than 4,200 categories.

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