PayDay Advance Cards

Pinnacle Business Management, Inc. announced Wednesday that its wholly owned subsidiary Fast PayCheck Advance, Inc., has a remarketing agreement with its debit card issuer. Under the agreement Pinnacle will be able to provide debit cards to other businesses in the Payday Advance and check cashing industry as well as offering the card through other internet sites. This will allow Pinnacle to generate income on a per-transaction basis from the use of its cash card network. The card is currently good at 750,000 locations worldwide. This is a significant step in providing a broad revenue base for the company.

Bruce Hall President, of Pinnacle Business Management said, “We have received substantial interest from our industry as to the use of our debit card. The remarking agreement allows us to market the card to other companies in our industry as well as providing a true e-commerce payment method for various internet sites. This agreement transforms Pinnacle from being a competitor to desired venders in the Payday Advance industry. This profit center could have significant impact on the bottom line throughout the coming new year. Pinnacle is not straying from the core business of Payday loans, however we are strategically expanding our presence in various segments. We are aggressively pursuing this logical direction to increase revenues.”

About Pinnacle Business Management

Pinnacle Business Management is in the business of advancing small loans until payday through their wholly owned subsidiary, Fast PayCheck Advances, Inc. and lending money on motor vehicle titles (Title Loans) through their wholly owned subsidiary Fast Title Loans, Inc. Through the use of branded Pinnacle Cash Cards, and integrating E-Commerce and electronic funds tracking and transfer technology, Pinnacle will give new opportunities to those consumers who have been shut out of the economic and E-Commerce mainstream for various reasons. For more details on these and other PCBM activities, refer to the Press Releases at [http://www.pcbm.com][1]. For additional on-line investor information on PCBM go to:

[http://www.interne tstockmarket.com/corpprof/p/pcbm.html][2].

[1]: http://www.pcbm.com/
[2]: http://www.internetstockmarket.com/corpprof/p/pcbm.html

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MBNA Bar Cards

MBNA America and the South Carolina Bar Association announced Wednesday the Bar’s sponsorship of MBNA’s credit card services to its members.

The South Carolina Bar Association is the state professional association of attorneys, and is the 40th bar association that sponsors MBNA’s credit card services.

The partnership with the South Carolina Bar Association joins the more than 1200 professional associations that have partnerships with MBNA, making it one of MBNA’s fastest growing sectors.

MBNA Corporation (NYSE: KRB), a bank holding company and parent of MBNA America, N.A., a national bank, has more than $67 billion in managed loans. MBNA, the largest independent credit card lender in the world, also provides retail deposit, consumer loan, and insurance products.

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Neural Online Fraud Buster

NH-based Internet Commerce Services Corp. and San Diego-based eHNC announced this morning they are integrating iCOMS’ Internet commerce management services with eHNC’s ‘eFalcon’ Internet credit card fraud detection and risk management service. ‘eFalcon’ is a turn-key service specifically designed to assist merchants in distinguishing between legitimate and fraudulent online shopping transactions in real-time. The solution uses a neural network-based predictive software system that examines transaction, cardholder, and merchant data to detect a wide range of credit card fraud. ‘eFalcon’ mirrors HNC’s proprietary and patented ‘Falcon’ solution which is used by credit card issuers to cover 300 million cardholders. iCOMS will add the ‘Fraud Management Service’ to iCOMS’ order and payment management solutions. The new service will be available to iCOMS’ merchants and technology partners in the first quarter of 2000.

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Fraud Check Solution

Five percent or more of the e-commerce transactions over the Internet are made with stolen credit cards, and a new financial services company aims to do something about the problem. Fraud-Check, Inc. Wednesday announced the launch of its new transaction patterning and unique modeling product to protect merchants from electronic shoplifters.

“The fraudulent use of credit cards — the electronic equivalent of shoplifting — is a serious threat to the emerging e-commerce industry,” says Fraud-Check President George Candella. “Visa International last year put the total losses at $32 billion and growing. This amounts to five percent or more of every transaction made across the internet, by telephone or by mail. We believe it is possible to reduce or eliminate these losses, and are creating the tools to make that happen.”

In a typical online transaction, the consumer fills a shopping cart or selects a product, then enters shipping and credit card information for approval. As long as the credit card number is valid — even if the number is stolen — the merchandise is shipped.

“If the same transaction took place in a store, there would be automatic fraud checking through signatures and identification,” says Candella. “But if the transaction isn’t done face-to-face, there is no system to protect the merchant. The consumer is protected by law. The credit card company suffers no loss. It is the merchant who bears the full financial liability.”

Fraud-Check serves as a protective barrier between the shoplifter and the e-commerce merchant. As a transaction is made online — at the same time the information goes to the credit card company for authorization — the transaction is checked against Fraud-Check’s proprietary (patent pending) process of patterning and modeling. By comparing against dozens of factors in the company’s multi-faceted, marketing neutral negative database, Fraud-Check can give the merchant the information needed to assess the risk and take appropriate action.

“Online merchants are easier to steal from because they ordinarily have no way of sharing their fraud experience,” says Candella. “We eliminate that problem by aggregating the experience of all of our customers, so if the shoplifter tries again we will have a far better chance of catching them with our database than any one marketer could on their own.”

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Dart Deal

Schlumberger announced this morning it has won a competitive bid to provide a complete ticketing solution to the Dallas Area Rapid Transit and the Fort Worth Transportation Authority. The solution includes North America’s first complete turnkey fiber-optic-linked automated fare collection system. The $7.5 million contract includes an NT-based Central Data Collection System, ticket vending machines, technical support, project management and installation. The Schlumberger solution will initially be used to control 65 ticket vending machines. Project completion for the initial phase of the DART installation is expected to be completed by October 2001. Installation for The T is expected to be completed by March 2001. The previous Schlumberger DART TVM contract was awarded in Jan. 1995 and included first installation goal of 38 revenue-ready units in June 1996 to coincide with DART’s official opening. An additional installation of 12 ‘TVM5000’ units followed in January 1997, with a final 6 revenue-ready by June 1997. Currently more than 1.4 million TVM transactions are processed each year in the Dallas rail system with Schlumberger TVMs.

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China Deal

The International Commercial Bank of China has awarded Diebold an US$11 million contract to provide nearly 450 automated teller machines for ICBC’s on-line network of more than 16 provinces in China. Through this year’s expansion, ICBC will exceed its plan to operate an ATM network of more than 10,000 ATMs at the turn of century. Delivery and installation of the ATMs is expected to begin in about a month. Yesterday’s deal represents Diebold’s largest contract in China since the company established its own distribution channel at the beginning of the year.

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FEDplu$

Fundtech Ltd., a leading provider of e-payments and Internet banking solutions, announced Wednesday that Telebank, the nation’s leading and largest pure-play Internet bank, has selected Fundtech’s e-payment product, FEDplu$, as part of its funds transfer platform. This solution will streamline Telebank’s electronic payment process, automating the flow from point of origination, to the bank and on to the Federal Reserve Bank.

“We selected FEDplu$ because the automated application is a great way for Telebank to continue reducing our consistently low operating costs so we can pass even greater savings back to our customers,” stated Mitchell H. Caplan, President and CEO of Telebank. “The functionality, ease of use, security and scalability of the FEDplu$ technology provides Telebank with a strong platform that supports our consistent and aggressive growth as a leader in the Internet banking sector.”

Currently used by approximately 150 banks, FEDplu$ is North America’s most widely used client/server based funds transfer system. FEDplu$ is a mission critical application which features an intuitive user interface, superior throughput performance, automated compliance with Treasury regulations, platform and database independence and full Internet functionality.

“Banks like Telebank are built on innovation and creativity. Telebank’s selection of FEDplu$ reflects Fundtech’s leadership in e-payments technology,” said Reuven Ben-Menachem, Fundtech’s Chairman and CEO. “We believe that our Internet-enabled e-payments solution is a logical choice to help Telebank maintain and extend its leadership in the provision of Internet banking services.”

About Telebank

Telebank is the nation’s leading and largest pure-play Internet bank and the first pure-play Internet bank in the U.S. to surpass the industry milestone of $2 billion in customer deposits. Telebank is the only pure-play Internet bank to be ranked among the top 40 federally chartered U.S. savings banks based on both assets and deposits.

Pending shareholder and regulatory approval, Telebank is positioned to become part of the first pure-play e-commerce company in the financial services sector – combining banking and brokerage services – through a definitive merger agreement with E*TRADE, a global leader in online investing.

Telebank is a wholly owned subsidiary of Telebanc Financial Corporation (NASDAQ: TBFC), providing high value financial products and services to customers in all 50 states through low-cost electronic delivery platforms, including the Internet, telephone, facsimile and ATM focusing increasingly on the Internet. Telebank has been ranked number-one by bankrate.com in their nationwide annual checking survey and has been selected one of the top fifty fastest growing Internet companies by Worth magazine. At September 30, 1999, Telebank had nearly $4.0 billion in assets, more than more than $2.0 billion in deposits and 100,000 customer accounts. Telebank can be accessed at [www.telebank.com][1] or 1-800-TELEBANK.

About Fundtech

Fundtech is a leading provider of software solutions that facilitate e-commerce and e-banking by enabling businesses and their banks to electronically manage cash, process payments and transfer funds. The Company’s client/server and Internet software products automate the process of transferring funds among corporations, banks and clearance systems and enable businesses to manage global cash positions efficiently and in real-time. Its solutions have been sold to more than 650 financial institutions around the globe.

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

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bCard.net

bCard.net, a subsidiary of PrimeHoldings.com, Inc. Wednesday announced an agreement with NewLeads Inc., a leading provider of trade show lead systems and services that help companies improve the quality and timeliness of their trade show leads. The agreement gives NewLeads the rights to read and integrate the bCard technology in their products and services.

NewLeads, a powerful lead qualification and distribution system, will now be compatible with bCard technology. Under the agreement, NewLeads will include the bCard smart card reader in each of its shrink-wrapped software packages. NewLeads is currently used at major trade shows across North America by leading trade show exhibitors such as IBM, AMP, Motorola, Symantec and UUNet.

“NewLeads was designed for exhibitors who rely on trade shows to generate sales leads,” said John Hasbrouck, president of NewLeads. “Using smart card technology, bCard brings an extremely reliable technology to the trade show market for lead retrieval systems,” he said.

According to Hasbrouck, the use of the bCard reader and NewLeads software enables attendee information to be gathered quickly and with perfect accuracy. The leads are immediately available to be processed by the exhibitor or by NewLeads, which improves the exhibitor’s odds of closing a sale. With bCard and the bCardPoints reward system, NewLeads is adding value to customers who are looking for better ways to reward their prospects. Now they not only have the best lead system, but also a way to reward the attendee with something more meaningful than a free pen or notepad.

“Adding NewLeads as a bCard business partner is a milestone for bCard.net,” said Ivan Lazarev, president, bCard.net. “The acceptance of bCards by the NewsLeads system greatly expands the number of trade show exhibitors that will accept bCards and use bCardPoints.”

With over 170,000 bCards distributed, bCard.net has established itself as one of America’s leaders in the emerging smart card industry — estimated by market research firm Frost & Sullivan to be a $5 billion worldwide market by 2003.

About NewLeads Inc.

NewLeads Inc. is a leading provider of exhibitor owned lead systems. NewLeads provides software, hardware, training and consulting, and leads processing for the largest exhibitors in North America. NewLeads is a member of the International Association of Exhibit Managers (IAEM) and the Trade Show Exhibitors Association (TSEA). The company is headquartered at 605 W. Olympic Blvd., Suite 780, Los Angeles, California 90015 and can be reached by phone at (213) 624-5314, by email at info@newleads.com or at its web address, [http://www.newleads.com][1].

About bCard.net, Inc.

bCard.net, a subsidiary of PrimeHoldings.com, is the developer of a revolutionary Internet-based business-to-business Loyalty Information Network. bCards are universal electronic business cards, based on proprietary “smart cards: used to store, transfer and other wise manage information about business professionals. bCards can store large amounts of digital information that can be easily shared and stored to facilitate communication between business professionals and commerce between business entities. bCard.net’s global electronic business card technology will create a new Internet-based communications environment for business-to-business transactions and become a leading global business-to-business communications portal. bCard.net is proving to be an essential Internet portal for the dissemination of information and for conducting e-commerce activities related to the bCardPoints(TM) affinity program.

About PrimeHoldings.com, Inc.

PrimeHoldings.com, Inc. (formerly Prime Source Communications Holdings, Inc.), OTC Bulletin Board: PRIM, is a holding company for high-growth electronic commerce (e-commerce) businesses. PrimeHoldings.com has built a sophisticated infrastructure of technology that is utilized by each of its subsidiaries to provide better service, reduce costs, and provide greater manageability during periods of extreme growth. This allows its portfolio companies to run more efficiently and profitably. PrimeHoldings.com is intent on acquiring and managing a diverse portfolio of e-commerce businesses that will yield an outstanding return on shareholder investment. Current PrimeHoldings.com companies include: bCard.net, a leader in smart card technologies; Navilor, a leader in electronic data collection, management and distribution; and GolfAgent USA, the leading online tee-time reservation system. For more information call 801-562-1444 or visit [http://www.primeholdings.com][2].

[1]: http://www.newleads.com/
[2]: http://www.primeholdings.com/

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Net.B@nk VISA

Internet bank, Net.B@nk, and First USA signed agreements Wednesday to offer a cobranded version of First USA’s ‘e.card Platinum VISA’. Applications for the new card will be available online at Net.B@nk’s web site. The card program offers online 60-second approvals and online access to account transaction history. The ‘Net.B@nk-branded Platinum VISA’ offers a 5% rebate on purchases made at participating e-vendors. The bank also offers a ‘VISA Check Card’. NetB@nk has over $1 billion in assets and customers in all 50 States and 20 foreign countries making it the largest FDIC-insured bank operating solely on the Internet.

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G—-E-Bills

GE Card Services is taking its private label cardholders online. Yesterday GE Capital announced it has selected MA-based edocs, a provider of Internet billing software, to deliver online billing capabilities to its 300 private label credit card corporate clients. GE Card Services’ private label credit card customers represent more than 100 million accounts worldwide. Tuesday’s announcement means that cardholders will soon have the option of receiving and paying their credit card bills online. GE Capital also announced it has taken an equity position in the e-billing firm. edocs’ flagship product, ‘BillDirect’, is a comprehensive, off-the-shelf software application that enables billers to deliver personalized, interactive bills through the biller’s own web site or through Internet billing service providers. In mid-Sept., American Express announced it made a minority investment in edocs and also licensed the ‘BillDirect’ software. During Oct., First National Bank of Omaha joined up with CyberCash and edocs to launch an Internet Bill Payment and Presentment unit to issue the first electronic wallet for processing electronic checks.

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First Data UK Milestone

FDR Limited, First Data Corp.’s U.K. transaction processing subsidiary, has reached a key milestone with the addition of its one millionth smart card on file.

Since 1997, when nationwide smart card trials were held in the U.K., FDRL has upgraded core processing systems and key interfaces to deliver high volume smart card-capable processing services for more than eight clients. FDRL estimates that it will process up to ten million smart cards by the end of 2000.

In the U.S., First Data Resources is focused on several strategic smart card initiatives. To date, the leader in transaction card processing has issued more than 600,000 chip cards on behalf of seven clients. By the end of the first quarter of 2000, First Data anticipates being certified to load, initialize and personalize Visa(R) and MasterCard(R) smart card products.

“First Data is dedicated to meeting the smart card needs of our clients into the next millennium,” said Ann Kennedy, vice president and general manager for global smart card business development. “We plan to continue our development efforts and to make appropriate investments to ensure we can deliver an end-to-end smart card solution to clients.”

“This end-to-end solution will provide clients the flexibility of choosing from a variety of operating systems and applications that will best serve their long-term smart card goals,” Kennedy said.

First Data recently joined GlobalPlatform, the cross industry smart card group charged with advancing a standardized infrastructure for multiple application smart cards. In addition, Kennedy was recently named to the board of directors of The Smart Card Forum, a multi-industry organization working to accelerate the widespread acceptance and application of smart card technology.

First Data Resources processes transactions for more than 260 million card accounts around the world. Based in Omaha, Neb., First Data Resources is the leading global provider of card transaction processing and card portfolio management solutions that enable credit, debit, commercial, oil and private label card issuers to enhance their portfolio growth, increase market share, reduce risk and improve profitability.

Atlanta-based First Data Corp. (NYSE: FDC) helps move the world’s money. As the leader in electronic commerce and payment services, First Data serves more than two million merchant locations, 1,400 card issuers and millions of consumers, making it easier, faster and more secure for people and businesses to buy goods and services. For more information, please visit the company’s web site at [http://www.firstdatacorp.com][1].

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

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