P-Card Sales Tax

A new MasterCard study, released this week, found that purchasing card program sales tax can be effectively managed. Additionally, handling sales tax data was more manageable for companies with substantial purchasing card programs. MasterCard says companies with purchasing card programs experienced fewer sales and use tax reporting and back-up challenges when audited by the states. Called ‘Capturing Sales Tax of Purchasing Card Purchases’, the study, conducted by Gunn Partners, targeted the end-to-end purchasing card process and examined 22 large companies with revenues ranging from US$1 billion to over US$100 billion. Of those companies, nine had been audited by state tax authorities, and five agreed to be interviewed for the research. These five companies issued between 3,000 and 20,000 cards to employees with typical transaction limits from $1,000 to $5,000 per item. For these companies, the average cost of processing purchases through traditional processes was $6.07, but only $1.41 for purchasing card transactions.

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Mobile Money

Pixo, Inc. and PayPal.com are teaming up to enable consumers to send money securely and easily over the Internet to anyone with an email address from any Pixo-enabled smart phone. Current online payment systems often require users to know the bank account numbers of the recipient. With the Pixo-powered ‘PayPal.com’ service, users can conduct a transaction simply by registering online for the free service and entering the recipient’s email address and transaction amount. The new ‘PayPal.com’ solution is enabled by Pixo’s HTML/WML microbrowser. Taking advantage of new packet data networks such as ‘GPRS’ and ‘CDMA2000’, the microbrowser will be capable of accessing HTML-based content on the Web and reformatting this content for effective presentation on a wireless phone display. Through its support of wireless mark-up language, the microbrowser will also be capable of supporting WAP-based content and services over packet data networks.

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P-Card Assn

Credit Card Solutions announced Tuesday its sponsorship of the newly formed National Association of Purchasing Card Professionals. The NAPCP acts as a self-directed organization for the advancement of purchasing card professionals and practices. The primary objectives of the organization are to move the purchasing card market forward, provide an organized forum for networking, provide direction for the industry, educate purchasing card professionals and set and communicate standards. CCSi is an ‘Alliance Sponsor’ of the NAPCP. VISA is a ‘Platinum Alliance’ sponsor and MasterCard is a ‘Silver Alliance’ sponsor of the new organization.

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JustWebit & ECHO

JustWebit.com, Inc. announced a partnership with Electronic Clearing House.

Electronic Clearing House will provide JustWebit.com with a convenient and cost effective solution for integration of online payment processing. JustWebit.com has incorporated this feature into its free e-commerce website builder. Businesses have the ability to build a free web site at [http://www.justwebit.com][1] with this feature or transform an existing web site into a real time transaction electronic storefront.

According to the partnership, JustWebit.com customers will be automatically linked though Electronic Clearing House’s processing center and JustWebit.com’s payment gateway to process customer transactions through a secure socket layer in less than 3 seconds. The gateway includes fraud protection and credit card payment processing.

“By scripting our own gateway to the Electronic Clearing House processing center we are able to pass on additional savings to our clients. This process eliminates the gateway fees currently charged by other e-commerce web site hosting companies. This partnership reflects our commitment to constantly provide better services to our rapidly growing member base,” said JustWebit.com’s Vice President of Sales and Marketing Chris Flores.

“By achieving our goal of providing free technology with low cost add-on services and marketing resources, our customers are allowed to focus on their business growth, thereby increasing their own success,” stated J.R. Marple, President of JustWebit.com.

The new e-commerce package with a merchant account and technical assistance is available by calling 1-800-264-0408. Once approved for a merchant account, JustWebit.com members will immediately be able to process online transactions.

JustWebit.com is an innovative full service e-commerce solutions company that currently hosts over 3,000 websites. The Company’s target market is small to mid-sized businesses. Nearly 30 million small businesses operate in the U.S. today and very few conduct business online. With small businesses currently generating nearly half of the gross domestic product, JustWebit.com believes that small business online sales is poised to explode in the coming years. Leading industry research estimates that 900,000 new small business websites will be set up in the year 2000 alone. JustWebit.com plans to create a niche in the small business market with its free e-commerce web site builder and hosting services.

For a current investor facts report on JustWebit.com, go to .

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

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Paytrust CDO

Paytrust.com, the service that lets consumers receive, review, pay and organize all of their bills online, announced the appointment of David S. Fortney to chief development officer.

Fortney was formerly chief development officer for Integrion Financial Network, and led product strategy and technology development for Integrion’s e-commerce platform for banking, bill payment and bill presentment, serving the needs of 1.5 million end-users.

“We are extremely pleased to have David Fortney join the management team at Paytrust.com,” commented Edward G. McLaughlin, co-founder and CEO of Paytrust.com. “David’s strategic insight, product management and strong history of successful alliance partnerships will have an immediate, positive impact on our core development initiatives.”

Fortney is a frequent advisory council member and industry spokesperson, speaking at forums such as BITS (Banking Industry Technology Secretariat). During his tenure at Integrion, Fortney managed technology relationships with key partners including IBM, Checkfree, Intuit, Microsoft and Transpoint. Prior to joining Integrion Financial Network, Fortney served as senior vice president of NationsBank Corp. in the Strategic Technology Group. While at NationsBank, Fortney was responsible for several of the company’s initial e-commerce efforts and received the CEO’s “crystal hand grenade” award for his efforts.

“Paytrust.com’s innovative bill payment service has attracted nationwide consumer attention,” said David Fortney, chief development officer for Paytrust.com. “I am excited to be joining the company at such an integral stage in its development, and I look forward to guiding the evolution of the technology to further improve the bill management process for our clients.”

Before NationsBank, Fortney served at the Lawrence Livermore National Laboratory and oversaw the development of algorithms and software to evaluate nuclear systems effectiveness. Fortney was a Morehead Scholar at the University of North Carolina and received his M.S. in Operations Research from Stanford University.

About Paytrust.com

Paytrust.com is the flagship service of Secure Commerce Services Inc., a privately held company based in Princeton, New Jersey. Founded in October 1998, the company is financially backed by investors including American Express, AT&T Ventures, GE Equity, SOFTBANK Venture Capital, and Spectrum Equity Investors. More information on the company can be found on its Web site located at [http://www.paytrust.com][1] or by calling 1-877-PAYTRUST.

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

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E-Gaming Fraud Fighter

eSuccess Inc. has licensed Nestor’s ‘PRISM eFraud’ on-line fraud detection solution to detect high-risk transactions in eSuccess’ ‘Citadel’ fraud detection and risk management service, which processes payments for worldwide on-line and Internet gaming clients. ESuccess says its partnership with the Interactive Gaming Council has enabled the firm to use consolidated gaming data from its members to remove the silo effect now used by criminals to circumvent the present mechanisms. ‘PRISM eFraud’ is an advanced, real-time solution for detecting fraudulent on-line transactions. It is based on the same technology used by bankcard issuers. The system combines neural network risk models and parameter-driven, user-defined strategies to maximize authorized purchases and minimize fraud-related charge-backs. Nestor says its will develop a neural network fraud detection model using payment data from the eSuccess ‘Citadel’ database, the first industry-wide comprehensive transaction risk management database.

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Pinnacle Cash Card

Pinnacle Business Management Inc. has now launched its advanced Intranet and Internet technologies. PCBME has now expanded its mini-loan service to the global market through the Internet with its electronic multi-lingual funds tracking and transfer technology at [http://www.swiftcash.net][1].

PCBME’s aggressive expansion should have an exponential effect on the company’s bottom line as it now has access to the billions of customers around the globe.

This move will far exceed any past expansion in the company’s two-year history, which currently has over 1,000,000 locations worldwide, including facilities at MailBox ETC, Bank of America, Wells Fargo, Chase Manhattan, Citibank, 1st Interstate, Washington Mutual and all major banks worldwide. In addition to PCBME’s new Internet service, the new Pinnacle Cash Card also allows customers to convert their monies in bank accounts into instant cash for anyone anywhere in the world. PCBME’s Cash Card is the equivalent of a “plastic wallet.”

PCBME’s popular mini-loans are used for advances on salaries for the purpose of providing for special occasions such as birthdays, anniversaries and holidays. Clients get what they need and repay it through their next paycheck.

Financial analysts feel this system is not only convenient to millions of customers around the world but also a very positive application of the loan process to establish a sense of financial responsibility for younger clients and others who wish to develop a positive credit history.

PCBME’s proprietary technology base takes advantage of the ongoing growth of E-commerce popularity by enabling merchants and clients to be paid faster, and goods to be shipped sooner and more efficiently. PCBME expects extremely rapid and aggressive growth in the next few months to establish itself amongst the Internet giants.

[1]: http://www.swiftcash.net/

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Jan Net Effect

January proved to be the most active month to-date for Internet surfing. NextCard continued to rank among the top advertisers on the Web, ranking #7 overall. However, among top banner ads last month, Providian held the #2 and #3 slots with GetSmart ads, while NextCard’s banner ads ranked #5 and #7. According to the latest report from Nielsen/NetRatings, the average click rate for top banners during January stood at 0.47%, a 2.2% increase over December. Meanwhile, CardWeb.com reports daily traffic consistently exceeded 10,000 visitors per day during January. According to Nielsen/NetRatings, overall surfing time rose 14% during January, from an average time spent online of 8 hours and 17 minutes in December to 9 hours and 27 minutes in January. Women accounted for the majority of the time increase by spending an hour and 22 minutes more in January than they did in December. Men surfed 55 minutes more in January than they did in December. Men, however, still logged in more time than women, spending an hour and 44 minutes more than women in January. The rise in surfing time can be attributed to the simple fact that people tend to stay indoors during the winter months and occupy themselves with indoor activities. The research firm noted that people’s attention turned away from shopping and more toward sites that focused on self-improvement and home improvement.

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Internet FraudBuster

TrustMarque Canada Ltd., a leading provider of e-commerce services, announced Tuesday the launch of FraudBuster, its new Internet fraud detection service. Launched by trusted and secure e-commerce specialist, TrustMarque Canada Ltd., FraudBuster effectively reduces fraud risk to less than 1-percent of transacted revenues. The entire process is completed in less than 3 seconds and is transparent to the consumer.

FraudBuster controls an e-merchant’s exposure to charge-backs and potential losses through credit card acceptance or merchant accounts. Not only does the solution minimize the risk of fraud, it ensures credibility and avoids expensive diversion of resource — key factors for success in the digital economy.

“We are extremely pleased with the development of such an important risk assessment service”, stated John Giannatsis, vice-president, Information Technology, TrustMarque Canada Limited. “Industry averaged results for credit card purchases show that up to 30 percent of transactions are at risk. This high rate of fraud continues to plague e-businesses despite traditional credit card authorization verification methods. This is the reason that our IT team worked incessantly to develop this new technology. We are now in a better position to answer the needs of so many online businesses that are being robbed of their profits by fraudsters, ” commented Giannatsis.

Fraud screening technology must be integral to any e-commerce business strategy. If it isn’t, e-merchants are leaving the door wide open for Internet fraudsters. “Few e-businesses realize that even when the bank has authorized a transaction, they are still 100% liable for “card holder not present” charge-backs,” stated Mike Di Domenico, executive vice-president, TrustMarque Canada Ltd.

The FraudBuster application forms part of TrustMarque’s secure payment service. This is just one of the services available through TrustMarque’s Trusted Trading Platform (TTP) and the core infrastructure for trusted and secure information, digital and payment commerce.

The company also develops trusted e-commerce back office systems and a portfolio of Internet transaction applications and services including payment and order processing, intellectual property rights distribution and auditing, and document delivery and certification.

About TrustMarque Limited

TrustMarque International Limited, headquartered in the UK, is one of the leading global services providers of e-commerce solutions. TrustMarque offers innovative technology and superior and secure services that give merchants more control over the management of their online business.

TrustMarque’s global network consists of subsidiaries in North America, Singapore and South Africa. Founded in 1997, TrustMarque International Limited, now with more than 60 employees worldwide, is the online back-office solutions leader and one of the world’s largest e-commerce service providers. The company’s clients include some Fortune 500 companies. TrustMarque’s temporary web site is located at http://www.trustmarque.com.

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Solaris PayGate NetAcquirer

Trintech Group PLC, a leading provider of secure electronic payment infrastructure solutions announced that the Trintech PayGate NetAcquirer solution is immediately available for Sun Microsystems Solaris Operating Environment, Sun’s industry-leading enterprise network computing technology.

Financial institutions, merchants and other customers can now leverage Sun’s highly scalable and reliable Solaris Operating Environment deploying PayGate to authorize, capture, route and settle Internet-originated financial transactions. PayGate also provides Sun customers with the greatest security by allowing them to utilize Secure Electronic Transaction(TM) (SET) and/or Secure Sockets Layer (SSL) protocols.

“Now more than ever financial institutions require a robust and flexible development and deployment platform for solutions that perform business-critical, high margin and secure electronic transactions,” said John Hake, Sun’s director of Worldwide Financial Services at Sun Microsystems. “The Solaris Operating Environment coupled with Trintech’s PayGate NetAcquirer helps Sun fulfill its commitment of providing financial institutions globally with the technology environment necessary to excel in the Internet economy.”

PayGate is an enterprise transaction platform that provides merchant acquirers and third party processors with the technology framework they require to take advantage of emerging business opportunities in global electronic commerce. PayGate’s modular architecture allows true extensibility supporting multiple card types, multi-currency, layers of security and core payment functionality. PayGate also supports multiple payment protocols, including SSL, SET, Visa II, EMEA, ISO 8583, APACS and GICC and works on a variety of NT & Unix platforms.

“We are excited to make our Internet payment technology available to Sun customers on Sun’s Solaris Operating Environment,” said John Harte, EVP of Sales and Marketing. “PayGate is the culmination of Trintech’s 13 years in creating technology for electronic payment processing. Customers demand products that are easy to use, highly secure and seamlessly integrate with existing systems, all core competencies of Trintech products.”

About Trintech

Founded in 1987, Trintech Group PLC is a leading provider of secure electronic payment solutions for card-based transactions in the physical world and over the Internet. The company offers a complete range of payment software products for credit, debit, commercial and procurement card applications, as well as being a world leader in the deployment of payment solutions for Internet commerce that are fully SSL and SET(TM) compliant. Trintech’s range of scalable open systems architecture solutions for UNIX(R) and Windows NT(TM) platforms covers consumer, merchant and financial institution requirements for physical payments and the emerging world of electronic commerce. Trintech can be contacted in the U.S. at 2755 Campus Drive, San Mateo, CA 94003 (Tel: 650-227-7000) and in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: 353-1-207-4000). Trintech can be reached on the Web at [http://www.trintech.com][1].

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

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Rapid Link Prepaid Chief

Rapid Link, a worldwide leading provider of international Internet-based communications services, hired Dave Goeppner as vice president/general manager of prepaid card services to manage the greatly expanding prepaid division of Rapid Link.

Rapid Link chose Goeppner to head the prepaid business in response to its steady growth over the past 14 months. The prepaid division contributed a significant percentage of revenue in 1999 for Rapid Link and will continue to build momentum as new product development, sales and marketing options take place.

“With the emerging developments in the prepaid industry, Dave will use his expertise to keep Rapid Link in front of our competitors by increasing profitability while continuing to offer quality products and services in the highly competitive prepaid industry,” said Scott Fogle, senior vice president of marketing and sales with Rapid Link. “Dave’s has an outstanding history in the prepaid industry that will take Rapid Link’s prepaid services to the next level.”

Goeppner has numerous years of experience in the telecommunications industry with concentrations in the retail, wholesale and direct-to-consumer markets. He has also spent considerable time designing, launching and marketing new prepaid products such as cellular and paging. Prior to joining Rapid Link, Goeppner was senior manager for business development of the prepaid sector at MCI WorldCom. He holds a BS in Accounting and an MBA from Northern Illinois University and has developed his career through positions in finance, operations, business development and marketing.

“I am very excited about being part of the Rapid Link team, as I believe we have an impressive combination of prepaid programs, service and leadership – all of which has enabled Rapid Link to accomplish an amazing amount of success in a short period of time. As we look towards the future, I am extremely optimistic about our ability to expand the prepaid product portfolio, grow our distribution base and capitalize on Rapid Link’s IP infrastructure,” said Dave Goeppner, vice president/general manager of prepaid services.

Rapid Link’s prepaid calling card programs offer both domestic and international long distance services. Using a global IP telephony and switch-based network, Rapid Link delivers toll-quality long distance services with competitive pricing and excellent customer service. Rapid Link has built strong relationships with top card distributors such as Clifton Digital to provide marketing, distribution, call routing and customer support to the Digital Advantage, Metro Card and the Links series of prepaid cards.

About Rapid Link

Founded in 1993, Rapid Link(R) provides affordable, high-quality Internet-based communications services and excellent, around-the-clock customer service to individuals and small businesses in the United States, Asia and Europe. Rapid Link offers international direct dial services, pre- and post-paid calling cards, toll-free, Internet access and carrier services to more than 65,000 customers and 500,000 prepaid card end users worldwide. As an Internet telephony service provider, Rapid Link routes voice, data and fax traffic over switched and IP networks, offers an Internet telephony exchange carrier program and serves as an official VoIP carrier for Korea Telecom and Telekom Malaysia. In 1999, Rapid Link was honored as a Top 500 firm by Telecom Business magazine. Headquartered in Atlanta, Georgia, Rapid Link has operations in Atlanta; New York; Mannheim and Frankfurt, Germany; Okinawa, Japan; Kuala Lumpur, Malaysia; Prague, Czech Republic. and Seoul, Korea. For more information, please call 800.732.5465 or visit the Web site located at [www.rapidlink.com][1].

Rapid Link is a registered trademark of Rapid Link, Inc., in the United States and other jurisdictions. All other company or product names mentioned may be trademarks or registered trademarks of the respective companies with which they are associated.

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

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LaserCard Boost

Drexler Technology announced Tuesday it is expanding its ‘LaserCard’ production capacity from 7 million digital optical memory cards per year currently to about 11 million cards per year by March 2001. The firm said it is preparing for the possibility of a significant increase in ‘LaserCard’ sales in FY2001, substantially above the 4.5 million optical memory cards being shipped in FY2000 ending Mar. 31. The need for this expanded card production capacity in FY2001 stems from anticipated card order increases from existing customers including the U.S. Immigration and Naturalization Service, the U.S. Department of State, and VISX, Incorporated, and also from possible new card orders from potentially significant customers in Asia, Europe, and North America. The ‘LaserCard’ is a credit-card sized optical memory cards, which store up to 4 megabytes of data.

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