PaySys CFO

PaySys International Inc., a global leader in transaction processing applications, announced that Harvey A. Wagner has been appointed executive vice president of finance and chief financial officer, a newly created position.

Wagner, most recently executive vice president of finance and administration and chief financial officer for Premiere Technologies Inc., is a 35-year veteran of the computer, semiconductor, software and telecommunications industries. Wagner has led many high profile growth and profitability initiatives including acquisitions, initial public offerings, company restructurings, and implementations of new business enterprise systems.

“Harvey Wagner adds tremendous financial and management depth to PaySys,” said Stephen B. Grubb, chief executive officer, to whom Wagner reports. “His experience and accomplishments in helping grow technology companies will be invaluable as we move forward to broaden the company’s horizons.”

Prior to Premiere Technologies, Wagner served as senior vice president of finance, treasurer and chief financial officer for Scientific Atlanta. During his tenure he managed the company-wide implementation of a global enterprise management system, negotiated the company’s first committed line of credit, and managed the acquisition of several companies, both international and domestic.

Previously, Wagner was chief financial officer for Computervision Corp., a leading supplier of workstation-based mechanical CAD/CAM software and related services. He assisted in taking the company private through a leveraged buyout, managed the subsequent restructuring, and led the return to the equity market through a $300 million initial public offering and a $300 million debt offering. The company has since merged with Parametric Technologies Inc.

Before joining Computervision, Wagner served as chief financial officer for American Microsystems Inc., an international semiconductor company specializing in MOS application specific integrated circuits. Earlier, he worked with GTE Corp. in several senior financial positions.

Wagner, who earned a bachelor’s degree in accounting from the University of Miami, is a member of the Financial Executives Institute, the Institute of Management Accountants, and the National Association of Corporate Directors. He is on the board of directors of UNICCO Service Company, and sits on the President’s Council at the University of Miami and on the Executive Advisory Board of the Wharton School of Business, and is a founding board member and president of The Wellness Community-Atlanta.

About PaySys

PaySys International Inc. is an established global leader in transaction processing applications. PaySys has developed category leading software products for both the banking and retail industries such as CardPac, TRAMS, and VISION21. The company’s latest industry leading product, VisionPLUS(R), seamlessly integrates the Internet with its retail and banking transaction processing applications. Headquartered in Atlanta, PaySys has offices worldwide and clients in more than 30 countries on six continents. For more information, visit the company’s web site at [http://www.paysys.com][1].

PaySys is a trademark and VisionPLUS is a registered trademark of PaySys International Inc. Brands or products mentioned in this document are trademarks or registered marks of their respective owners and must be treated as such.

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

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ECHO Buys RMRS

Electronic Clearing House signed agreements Thursday to acquire Rocky Mountain Retail Systems. CO-based RMRS is the creator/owner and processor for National Check Information Systems through which RMRS provides check verification services to large retail chains, processors and collection agencies across the nation, among which are Dollar General and Blockbuster Video. Under the terms of the acquisition agreement, ECHO issued 1,000,000 shares of restricted common stock. An additional 1,500,000 shares of restricted stock will be placed into escrow to be issued to the RMRS selling shareholders under a performance clause. RMRS will operate as a wholly owned subsidiary and Dr. Donald Dick, president of RMRS, will remain the president of the ECHO subsidiary. Operations will remain in Boulder.

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CyberGold Hits 4 Million

Cybergold, Inc., the premiere place on the web where consumers are paid real cash for their online behavior, announced a 300% increase in membership in 1999, going from one million to four million members in just 12 months.

“Cybergold and our affiliates are thrilled with our membership activity in both number of overall hits and new members. Increased membership means better market penetration. The traffic we bring our advertisers proves yet again that cash incentives really pay off,” said Nat Goldhaber, president and CEO of Cybergold, Inc.

To mark the four millionth member milestone, Cybergold offered its biggest incentive to date: a Caribbean cruise on Norwegian Cruise Lines. The winner will be announced pending notification.

About Cybergold

Cybergold, Inc. (NASDAQ: CGLD) is a leading provider of Internet-based direct marketing and advertising solutions, including incentive programs which reward consumers with cash for responding to ads and programs. Cybergold’s 4 million members can spend their cash rewards online at “Cybergold Spend” or at the sites of 60 merchants who have adopted Cybergold’s micropayment technology. Members can also spend their reward cash offline by transferring it to a VISA card or a bank account. Cybergold consistently ranks among the 100 most visited Web sites, according to PC Data Online. Cybergold’s partnerships include Visa USA, MBNA, AOL, EarthLink, E*TRADE, Xoom, Quintel and Autobytel. Cybergold is headquartered in Oakland, California and counts Intel among its corporate investors. For more information, visit [www.cybergold.com][1]

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

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Web Traffic

NextCard’s banner ads were the only credit card related online ads to make into the top ten banner ads for the week ending Jan. 2 according to Nielsen/NetRatings. NextCard’s “0.0% APR” ad has the second largest reach of any ad on the Internet last week while NextCard’s “30-sec Approval” ad came in as #6. Nielsen says 50.7 million users surfed the web last week producing an average click rate for top banners of 0.27%.

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PayGate Client

Trintech Group PLC said yesterday that Alpha Credit Bank in Greece has chosen ‘PayGate’ to process card payments from its 17,000 merchant base in the country. Delta Informatics installed and operates the ‘PayGate’ system as contract payment processor to Alpha Credit Bank. Alpha and Delta chose ‘PayGate’ as part of Trintech’s contract with VISA EU to replace its ‘Member Data Capture’ system in 40 banks across the region with a solution that is scalable, multi-currency enabled and has the ability to process multiple card types on an open platform. The ‘PayGate’ solution has been designed to enable banks and transaction processors to scale up to the demands of multiple card types, as well as integrate seamlessly with legacy card systems.

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Delta Goes Japanese

Delta Air Lines and Asahi Card Company will introduce the ‘Delta SkyMiles Asahi VISA’ card today in Japan. The new card is the first Delta co-branded credit card offered outside of the USA. American Express issues the U.S.-based, co-branded Delta credit card. It is also Delta’s first partnership involving the VISA brand. The yen-based revolving credit card, available in ‘Classic’ and ‘Gold’ levels, will feature Japanese-language statements and other in-country cardholder services. Delta said this morning that it will launch a series of international ‘SkyMiles VISA’ credit cards during the year 2000.

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MovieFone Hits DC

AOL MovieFone and American Express invaded Washington D.C. this week with the launch of a moviegoer frequency program backed by both film distributors and theater chains. First launched in New York City last March, moviegoers in the D.C area will earn a complimentary ticket for every ten purchased through MovieFone with an AmEx Card. The program will be available at Loews Theatres and Cineplex Odeon Theatres. Participating studios include Columbia Pictures, TriStar Pictures, Universal Pictures, Disney, 20th Century Fox, Warner Brothers, Dreamworks, MGM/UA, New Line Cinema, Miramax, and Paramount Pictures.

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ISO Acquisition

Long Island, N.Y.-based Merchant Services Inc., confirmed this morning it has purchased a significant portfolio of merchant accounts from an independent sales organization based in Dallas. Under terms of the agreement, Merchant Services acquired 8,500 merchant accounts for a cost of approximately $5 million. These 8,500 customers will supplement Merchant Services Inc.’s existing portfolio of over 30,000 merchants. MSI says the acquisition will grow the company’s annual revenues by 25% to $12.5 million. The firm has an annual processing volume of $1.2 billion.

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