Trans24 Debit Card System

USSI, Inc., a subsidiary of Transaction Systems Architects, Inc., announces a product addition to its TRANS24 family of payment processing software products and enhancements to existing TRANS24 software solutions.

The newest addition to the TRANS24 portfolio is TRANS24-debit card system, a comprehensive, integrated application that supports ATM and POS transaction processing for Visa and MasterCard branded debit cards. A full-featured debit card clearing and settlement solution, TRANS24-debit card system performs authorization matching, transaction posting and exception processing through direct interfaces to Visa and MasterCard settlement systems. It is designed to operate in conjunction with a separate authorization system such as USSI’s TRANS24-eft authorization system or BASE24 from USSI affiliate Applied Communications, Inc. (ACI). Additionally, TRANS24-debit card system includes fraud reporting features and is year 2000 (Y2K) compliant.

“With the continued growth of Visa Check, MasterMoney and Visa Electron debit card transactions, we saw a market need among card issuing institutions for an in-house software solution that could handle debit transactions,” said Mike Rouw, vice president of Marketing at USSI. “TRANS24-debit card system provides a simple, cost-effective method of handling the settlement and exception requirements of Visa and MasterCard by using an institution’s existing authorization systems.”

USSI also is rolling out new releases of four TRANS24 products. The enhanced products are TRANS24-card processing Release 7.1, and Release 4.0 of TRANS24-card management, TRANS24-eft and TRANS24-settlement manager. To meet Y2K compliance, the new releases have been tested with the latest UNIX and IBM operating systems, including OS/390, AIX and HP-UX. Additionally, TRANS24- card processing includes compliance with Visa and MasterCard regulations and integration with the new TRANS24-debit card system. TRANS24-card management offers enhanced card status indicators and point-of-sale transaction statistics. Enhancements to TRANS24-eft include new on-line text fields in the messaging system and a number of new features for use with NCR ATMs. TRANS24-settlement manager 4.0 provides a Windows-based graphical user interface and enhancements to the ATM balancing process.

“USSI is completing a fully tested, year 2000 compliant release of our TRANS24 components by the end of 1997, while at the same time implementing enhancements requested by our customers,” said Mark Vipond, president of USSI. “We understand our customers’ need to ensure year 2000 compliance and are committed to assisting each of them as they upgrade to the latest release of our software.”

TRANS24 products operate on a variety of hardware platforms including IBM mainframes and multiple UNIX-based servers.

USSI, Inc. is a subsidiary of Transaction Systems Architects, Inc.. Transaction Systems’ software facilitates electronic payments and electronic commerce by providing consumers and companies access to their money. The company’s products are used to process transactions involving credit cards, debit cards, smart cards, remote banking services, checks, wire transfers and automated clearing and settlement. Its solutions are used on more than 2,700 product systems in 69 countries on six continents. Visit TSA and USSI, Inc. on the World Wide Web at .

All trademarks are property of their respective owners. Please use upper case with no spaces between letters and numbers of TRANS24 and BASE24.


Omnius CardPress

Perfect Plastic Printing of St. Charles, IL announced Monday it is testing a new card printing technology from Indigo that prints directly from a computer file. The ‘Omnius CardPress’ system prints high quality images on a plastic core material and is capable of producing a new image with each cylinder rotation. It has the capacity to print 10,000 full-color cards per hour and allows the production of multiple images on the same form. Indigo N.V. has been a leader in digital color offset printing technology.


NET-MAX Expands

Imark Technologies, Inc. is extending its award winning NET-MAX(TM) service, using the CyberCash (Nasdaq: CYCH) transaction processing gateway, to offer local currency credit card processing, to information providers with Internet based content. The service will initially support Canadian dollars. Imark’s unique combination of pricing options and local currency billing now gives information providers the ability to realize the full global revenue impact of publishing on the Internet. Using NET-MAX, publishers can now present and price information worldwide in the currency of local markets. The addition of local currency billing to the NET-MAX service gives information providers an enhanced ability to localize their product offerings to meet varying international customer pricing and billing needs.

“The Internet gives information providers the opportunity to reach new customers worldwide,” said Robert Wiedemer, President and Chief Executive Officer of Imark. “With CyberCash, Imark has quickly expanded our NET-MAX offering to meet the local currency processing requirements of international publishers. By teaming with CyberCash, a leading provider of secure financial transactions on the Internet, we expect an increase in Imark’s international opportunities. As a result, we believe this opportunity will have a significant impact on our revenue growth.”

“The Internet provides unprecedented global distribution opportunities for information providers,” said Bruce Wilson, CyberCash Executive Vice President, Global Business Development. “CyberCash is proud to have been selected by Imark to help them maintain their leadership position in offering information providers the revenue growth which comes from the ability to accept spontaneous payments from buyers located anywhere in the world.”

About CyberCash, Inc.

CyberCash, Inc., headquartered in Reston, Virginia, USA, is a technology- driven company that provides software and services to enable secure financial transactions on the Internet, worldwide. The Company offers a complete suite of Internet payment services including a credit card service which handles payments using major debit and credit cards, an innovative micropayment service which enables cash transactions and a secure electronic check service which allows consumer-to-business and business-to-business payments from a bank account. CyberCash has formed partnerships with leading financial institutions and corporations in Canada, UK, Germany, France and Japan to offer secure Internet payment services on a global basis. CyberCash is actively working to incorporate an interoperable SET solution into its electronic commerce services, based on the recently published SET 1.0 (Secure Electronic Transaction) Protocol. To this end, the Company has provided technology to the Visa SET 1.0 Pilot of the SmartCommerce japan project. CyberCash is traded on the Nasdaq Stock Market, under the symbol CYCH. CyberCash’s Web address is .

About Imark Technologies, Inc.

Imark Technologies, Inc., headquartered in Herndon, Virginia, USA, strengthens information providers’ electronic publishing programs through the combination of multiple content pricing models and the outsourcing of billing and related services. Imark’s NET-MAX metering, transactions processing, and billing system provides secure, real-time financial transactions, with facilities to track and report detailed customer usage. NET-MAX was recently awarded the 1997 Information Industry Association (IIA) HotShot award for “best new enabling technology.” Imark is traded on the Nasdaq Stock Market, under the symbol MAXX. Imark’s Web address is .

This press release, particularly the statements by Mr. Wiedemer, includes forward-looking statements related to Imark that involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Imark’s future results, please see the Company’s filings with the Security and Exchange Commission. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual results may differ materially from management expectations. Copies of these filings are available upon request from Imark’s investor relations department.


1-800-PRE-PAID Card

The 1-800-PRE-PAID(TM) Gift Card is a unique gift that makes it just as rewarding to give as to receive. The gift giver’s bonus? An award of up to 250 United Airlines(R) Mileage Plus(R) miles or American Airlines(R) AAdvantage(R) miles for every $25 gift card. Each card bought carries a single award value of 200 miles, but with two or more purchased, every card will award you 250 miles. 1-800-PRE-PAID is the world leader in prepaid services offering mileage incentives.

Prepaid is perfect for travelers and makes long distance calling easier than ever. The per minute rate is the same 24 hours a day, 7 days a week; no surcharges for the first minute, no premium pricing for peak calling times and best of all for travelers, no giant mark-ups when calling from a hotel. Discussing the benefits of prepaid, Doug Fieldhouse, CEO of 1-800-PRE-PAID comments, “Long distance pricing is more confusing than ever with the grossly inflated first minute charges as well as region and time specific pricing. 1-800-PRE-PAID offers freedom from unexpected phone bills; in fact it offers freedom from any bills at all. The low $25 dollar price makes this gift ideal for stocking stuffers providing 75 minutes of domestic long distance, convenience, security and a great opportunity to keep in touch.”

The 1-800-PRE-PAID Gift Card offers quality international and domestic service. Call to over 200 countries around the globe. When you run short on calling time, a one minute, domestic toll-free call to the customer service center is all that is needed to recharge your card or order additional cards and receive generous mileage awards.

For more information about the 1-800-PRE-PAID Gift Card or other cards that offer AAdvantage miles, Mileage Plus miles or Reno Air QQuick Miles awards, call 1-800-PRE-PAID (800-773-7243) or 503-790-2500.


AmEx Ad Change

The advertising war between American Express and VISA took a new twist yesterday as American Express signed an agreement with the National Advertising Division of the Council of Better Business Bureaus, Inc. to modify future advertising. VISA, Citibank and Bank of America challenged, this past summer, the truthfulness and accuracy of AmEx’s TV and print advertising that compared the benefits of the basic American Express card with those offered by VISA issuers. As part of yesterday’s agreement American Express will now disclose that some ‘VISA Classic’ cards provide emergency medical and legal referrals and that some ‘VISA Classic’ cards are affiliated with mileage programs whose mileage does not expire. Most of AmEx’s comparative advertising was, however, appropriately substantiated.


VA Pilot Second Phase

The U.S. Department of the Treasury’s Financial Management Service and the U.S. Department of Veteran’s Affairs began the second phase of its smart card pilot Monday in Florida. The James A. Hayley Veteran’s Medical Center in Tampa will become another test site in the VA pilot with NationsBank incorporating ‘VISA Cash’ cards. The Tampa project will involve 23,000 cards and will feature a special purpose card to be distributed by veteran’s organizations for special events hosted at the medical center. NationsBank and the VA recently launched a pilot with the Bronx VA Medical Center.


TSYS Signs Canadian Tire

Total System Services signed a long term agreement yesterday with Canadian Tire Acceptance to process six million private label cards and MasterCards. Under terms of the agreement all ‘Canadian Tire Credit Card’ and ‘Options MasterCard’ accounts will be converted to the TSYS ‘TS2 Cardholder System’. CTAL is the fifth largest MasterCard issuer in Canada with 431 stores nationwide.



CA-based Killen & Associates announced this morning it will release a smart card study next month that predicts smart cards worldwide will be recharged 27 billion times annually by the year 2005. The report, “Transferring Value to Phone and Bank Cards: Opportunities for Telephone Companies and Financial Service Providers”, predicts a behavioral change by consumers as they elect to charge their smart cards at public phones, gas stations, other high-traffic merchants and via personal ATM services. Killen also forecasts a showdown between banks and telcos over smart cards.


GPS Joins NYC Pilot

Global Payment Systems today announced its participation in a smart card program jointly sponsored by Citibank, Chase, MasterCard and Visa. The program involves approximately 700 merchant locations in New York City’s Upper West Side.

Global is deploying smart card point-of-sale terminals at merchant locations accepting both Chase Mondex and Citibank/Visa Cash Smart Cards. It also provides merchant support help desk services.

“We are delighted to participate in this important project,” said David K. Hunt, president and CEO of Global Payment Systems. “This demonstrates Global’s full-service capabilities and our reputation as a major service provider in the expanding Smart Card transaction environment. We will continue to explore additional electronic payment card opportunities in this marketplace.”

The Upper West Side was selected for the program because of the diversity of its consumer and merchant population. It targets individual consumer purchases of under $20. To date, merchants such as McDonald’s, Burger King and the retail drugstore chain Duane Reade have signed up for the program. During the program, consumers will use smart cards instead of cash to pay for their purchases. A computer chip embedded in a smart card holds a monetary, or “stored” value. The consumer inserts the smart card into a specially designed point of sale terminal, which deducts the cash amount from the card and adds it to the merchant’s cash total.

The smart card terminal deployment, chip management and 24-hour, 7-day- week merchant support help-desk services are being provided by Global’s Winston-Salem, N.C. facility.

Global Payment Systems is a major provider of transaction processing products and services for financial and corporate organizations worldwide. Global provides services to more than 1.2 million merchants in North America and processes in excess of 2.7 billion transactions annually. While well- known for its card services, Global also serves more than 700 financial institutions and 12,000 corporations in 44 countries through its cash management and financial EDI services.

National Data Corporation (NYSE: NDC) is a leading provider of information services for the payment systems and health care markets.

When used in this report, press releases and elsewhere by management or the Company from time to time, the words “believes,” “anticipates,” “expects” and similar expressions are intended to identify forward-looking statements concerning the Company’s operations, economic performance and financial condition, including in particular, the likelihood of the Company’s success in developing and expanding its business. These statements are based on a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company, and reflect future business decisions which are subject to change. A variety of factors could cause actual results to differ materially from those anticipated in the Company’s forward-looking statements, some of which include competition in the market for the Company’s services, continued expansion of the Company’s processing and payment systems markets, successfully completing and integrating acquisitions in existing and new markets and other risk factors that are discussed from time to time in the Company’s Securities and Exchange Commission (“SEC”) reports and other filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligations to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or thereof, as the case may be, or to reflect the occurrence of unanticipated events.


15% of Consumers Late Payers

Two-thirds of consumers haven’t made a spending plan for the holidays, according to an American Bankers Association telephone survey, Nov. 14-16, of 1,000 consumers. Only 56 percent of the consumers did not have a budget last year.

The survey also found that 59 percent of consumers said they would spend $500 or less during the holiday season. However, past studies have shown that consumers spend nearly $100 more than they think during the holidays.

“Those who don’t have budgets may spend more and will take longer than anticipated to pay off their holiday bills,” said James Chessen, ABA’s chief economist. “If you want to avoid financial frostbite in January when the bills arrive, develop a spending plan and stick to it. Write down the gifts you plan to buy and how much you can afford to spend. Add up what you charge each week so your January bill doesn’t bring you any surprises.” Chessen added.

The survey also showed that 15 percent of consumers were late with their credit card payments in the last 12 months. Of those who were late, 44 percent earned more than $50,000 a year, compared to 4 percent who earned under $15,000.

When asked how long it would take to pay off their holiday charges, 45 percent of respondents said it would take two months or less, 23 percent said three months or longer, and 30 percent said they don’t use credit cards. In fact, it takes an average of six months to pay off holiday credit card purchases.

Chessen advises consumers to contact their creditors as soon as they think a payment will be missed. Delaying only makes matters worse. In severe cases, most lenders will consider making arrangements to extend payment periods, consolidate loans or refinance.

The ABA is offering a free brochure that helps consumers cope with holiday bills. Copies are available by writing to: Holiday Debt, American Bankers Association, 1120 Connecticut Ave., NW, Washington, D.C. 20036.

The ABA brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership — which includes community, regional and money center banks and holding companies, as well as savings associations, trust companies and savings banks — makes ABA the largest banking trade association in the country.

American Bankers Association Holiday Survey
Nov. 14-16, 1997
Telephone Survey of 1,000 people

1. How much do you plan to spend during the holiday season?

6% — $100
9% — $100-$200
24% — $200-$400
20% — $400-$500
11% — $500-$600
6% — $600-$700
24% — more than $700

59% say they will spend $500 or less/41% say they will spend $500 or more
Average historical spending during the holidays: $575

2. Have you made a budget for holiday purchases?

35% Yes
65% No

When broken out by gender, 72% of males and 57% of females haven’t made a

71% of households with annual income of $25,000-$40,000 haven’t made a

47% of families with at least one child have made a budget.

3. Have you been late with your credit card payments in the last 12

85% No
14% Yes
1% Refused to answer

Of the 14 percent who missed a credit card payment in the last 12 months,
44 percent earned more than $50,000 a year, compared to 4 percent who
earned under $15,000. Of those who were late, 13 percent were 18-24 years
old, 27% were 25-34 years old, 29% were 35-44 years old, 17 percent were
45-54 years old, 7 percent were 55-64 years old and 7 percent were over

4. How long do you think it will take to pay off your holiday charges?
45% — 2 months or less
23% — 3 months or longer
30% — don’t use credit cards
In reality, the typical pay-off time for holiday debt: 6 months


VISA Gift Wrap Underway

Santa’s not the only big attraction in malls this holiday season. Visa U.S.A.’s Free Gift Wrap campaign is drawing crowds for its third consecutive year – and drawing millions of dollars into participating malls.

This year, Visa and its mall partner, Chicago-based General Growth Properties, Inc. (GGP), expect to exceed the results of last year’s program, which helped generate $23 million in sales at shopping centers across the United States. In fact, when surveyed last year, one-third of gift wrap customers said the Visa Free Gift Wrap promotion had been “very important” in determining where they did their holiday shopping.

From now until December 24, 1997, shoppers in more than 100 participating GGP malls across the country can have as many as three Visa card purchases per day gift-wrapped on site for free by volunteers from local non-profit groups. In exchange, these groups will receive donations from the shopping centers. This cause-related component helped the promotion garner a Merit Award for Excellence from the International Council of Shopping Centers in 1996.

Last holiday season, volunteers from more than 150 groups wrapped 585,000 gifts and earned a combined $512,000 for their nonprofit organizations, which ranged from high school clubs to community service associations to local branches of national charities.

“The program really delivers when and where it’s needed most,” said Tom Edwards, senior vice president, market development and acceptance, Visa U.S.A. “Shopping centers see increased traffic during the most crucial time of year; merchants enjoy higher sales volume; and card transaction volume rises for Visa’s member banks. And, of course, busy shoppers get a helping hand, and nonprofit groups benefit from much-needed donations.”

This year’s free gift wrap program will be promoted through local television, radio and print advertising, as well as in mall and point-of-sale signage.

General Growth Properties is one of the oldest, largest and most experienced shopping center owners, developers and managers in the United States. It currently has ownership interests in, or management responsibilities for, 119 shopping malls in 38 states, encompassing approximately 92 million square feet. This includes a mall recently opened in Waterbury, Conn., and another scheduled to open in July 1998 in Coralville, Iowa. For more information, visit the company’s Web site at .

Visa is the preffered payment brand and the largest consumer payment system worldwide. It plays a pivotal role in advancing new payment products and technologies to benefit its 21,000 memeber financial institutions, their cardholders, and the global economy. Visa is the only consumer payment system to facilitate $1 trillion worth of purchases of goods and services in a fiscal year. Visa’s nearly 600 million cards are accepted at more than 14 million worldwide locations, including 380,000 ATMs in the Visa/PLUS Global ATM Network. Visa’s Internet address is [][1].