Ceridian Restates Financials from 1Q/02

After receiving a formal order of investigation from the SEC last week, MN-based Ceridian Corporation has restated historical financial results, and gave updated guidance for the fourth quarter. The Company also announced that Jack Eickhoff, EVP/CFO, will retire after forty-one years with the Company effective at the end of the year. The adjustments, which pertain to the results of its Human Resource Solutions business, are primarily line item expense reclassifications, and there was a minor change in revenue reporting relating to services provided to our customers by third party vendors. The adjustments reduced reported R&D expense, reduced reported selling expense, increased reported cost of revenue, and caused a minor reduction in HRS revenue. For the fourth quarter, the Company expects HRS revenue to be between $276 million and $282 million; and Comdata revenue to be between $87 million and $90 million. For complete details on Ceridian’s latest performance visit CardData ([www.carddata.com][1]).

CERIDIAN REVENUES
($ millions)
REPORTED RESTATED
1Q/02 $302.1 $302.6
2Q/02 $291.1 $291.9
3Q/02 $288.6 $288.0
4Q/02 $308.4 $305.2
1Q/03 $314.1 $314.0
2Q/03 $299.5 $298.6
3Q/03 $303.9 $302.0
4Q/03 $335.7 $333.0
1Q/04 $326.5 $323.1
2Q/04 $327.0 $326.1
Source: CardData (www.carddata.com)

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

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NCR Lands the Five-Year SunTrust ATM Contract

SunTrust Bank has signed an agreement for NCR to upgrade its 2,700 existing ATMs, and provide new ATMs for all new SunTrust branches through 2009. NCR’s leading position in the ATM industry, not only as a solutions provider but also as a thought leader in developing tomorrow’s technology, helps reinforce SunTrust’s position as a bank that provides the best personal solutions for our customers. NCR Corporation is a leading global technology company helping businesses build stronger relationships with their customers.

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Triton 9100 ATM Coming Early Next Month

MS-based Triton says its new, low-cost “9100” ATM will be available January 3rd, offering two configurations, a single denomination bill dispenser mechanism, or without it in a trade up version. Some ATM models currently installed in the market cannot be upgraded. Triton is the largest provider of off-premise ATMs and ATM management software in North America and has more than 118,000 installations in 17 countries worldwide.

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Sputnik Wi-Fi Offers PayPal and Aria Modules

San Francisco-based Sputnik has added the “PayPal Module” and the “Aria Billing Module” to enable its Wi-Fi network partners to accept online payments for wireless Internet service. The Sputnik PayPal Module(TM) enables any network user with an email address to securely pay for wireless Internet service. With more than 56 million accounts, PayPal, an eBay company, is a popular choice for operators of wireless venues with itinerant customers, such as airports, marinas, hotels, and cafes. Sputnik Inc. provides the leading software platform for wireless networks and applications designed for businesses, service providers, and institutions.

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Moneris Solutions Powers Non-Profit Lambs Farm

Chicago-based Moneris Solutions is providing Chicagoland nonprofit Lambs Farm with credit/debit card processing. In addition to participating in the Lambs Farm corporate gift program, Moneris Solutions, one of North America’s largest electronic transaction processors, will now be Lambs Farm’s supplier of hardware, proprietary software and service/support to accept credit and debit cards. Lambs Farm is a nonprofit organization near Libertyville, Illinois, just 35 miles north of Chicago that empowers people with development disabilities to lead personally fulfilling lives through a full range of services in vocational training, residential assistance and social support. Moneris Solutions (www.monerisusa.com) has a 30-year history as one of North America’s largest electronic transaction processors, delivering advanced payment card processing capabilities through point-of-sale hardware, payment processing software, e-commerce solutions and a gift and loyalty program.

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Elan Financial Purchases a MI CU Portfolio

Elan Financial Services has purchased the $8.2 million credit card portfolio of MI-based Auto Body Credit Union, with the assistance of NH-based Brookwood Capital. Brookwood Capital offers brokerage, consulting and advisory services to credit card issuers nationwide, specializing in establishing credit card relationships between credit unions and best-in-class issuing partners.

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HALIFAX DEBIT CARD

The U.K.’s largest mortgage lender will launch early next year the first debit card that offers a cash-back feature. The new “Halifax Moneyback VISA” card will produce an annual, tax-free rebate of GBP100 for the average U.K. household. Cardholders will receive 1% cashback on debit card purchases up to a total of GBP10,000 a year. The “Moneyback” program will be launched in February and customers will need to credit
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Intuit’s Payroll Card Becomes a MasterCard

Intuit’s “PayCard” debit card is now accepted at all MasterCard merchant locations worldwide. Intuit also announced that its PayCard debit cards can be used to obtain cash, surcharge-free, from more than 11,000 ATMs throughout the USA. The card is offered through an alliance with Genpass, a provider of payroll card services and operator of “MoneyPass,” a national surcharge-free ATM network. “PayCards” are available immediately to Intuit “Payroll Services Complete Payroll” customers. The company plans to also offer it to its “QuickBooks Assisted Payroll” customers in the first half of 2005. The payroll cards is issued by First Bank of St. Louis.

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ALON USA Selects NCR and Retalix Solution

ALON USA, the largest 7-Eleven licensee in North America, has selected NCR POS systems running Retalix software solutions for its 168 stores in West Texas and New Mexico. ALON USA, a fully integrated refining and marketing enterprise operating in the Southwest, is a subsidiary of ALON Israel Oil Co. Ltd. Retalix Ltd., with North American headquarters in Dallas, provides integrated enterprise-wide software solutions for the global food and fuel retail industries, including supermarkets, convenience stores, fuel stations and restaurants. NCR Corporation (NYSE: NCR) is a leading global technology company helping businesses build stronger relationships with their customers.

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ABNH Builds a New High Security Location

NY-based American Bank Note Holographic announced plans to consolidate its primary production, research, sales and administrative operations into a 134,000 square foot, high security facility in Robbinsville, NJ, by May 2005 The new facility provides substantial room for expansion as the Company will consolidate its operations that have previously been conducted within a 58,000 square foot facility in Elmsford, NY and a 30,000 square foot facility in Huntingdon Valley, PA into the new facility in Robbinsville, NJ which is located between the two existing facilities. American Bank Note Holographics is a world leader in the origination, production, and marketing of holograms. The Company’s products are used primarily for security applications for the protection of transaction cards, identity documents, documents of value, pharmaceuticals and other consumer and industrial products.

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Capital One Enters the Home Equity Market

Capital One has signed a definitive agreement to acquire eSmartloan from the National Bank of Kansas City for $155 million in cash. The transaction will enhance Capital One’s capabilities in the growing US home equity market. Capital One Financial Corporation (www.capitalone.com) is a bank holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products and Capital One Auto Finance, Inc., offers automobile and other motor vehicle financing products. eSmartloan (www.esmartloan.com) provides a diversified offering of full-service mortgage and home equity products through its knowledgeable sales staff and innovative website.

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