Hypercom 3Q/02

Hypercom reported its net loss for the third quarter is $1.4 million higher than the previous guidance and has reached $38.3 million. Earlier this month, the Company reduced its revenues and earnings forecast for the third quarter as a result of delays in releasing the new “T7Plus” POS terminal as well as the impact of special charges resulting from restructuring activities. The lower gross margin than anticipated is due to lower margins on product shipped from China to Brazil to accommodate the closure of the Brazil manufacturing operation. Net revenues from continuing operations for the third quarter were $64.0 million compared to $64.7 million in 3Q/01. Revenues were flat principally due to issues causing delays in new product introductions. Demand for the Company’s products is strong, as the backlog of orders increased during the quarter to $91.8 million compared to $50.1 million at the end of the second quarter. Hypercom projects consolidated revenues of $66 to $70 million for the fourth quarter and income from operations of $3.8 to $5.4 million. For complete details on Hypercom’s 3Q/02 performance visit CardData ([www.carddata.com][1]).

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

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Fujitsu Hawaii

Honolulu City & County Employees Federal Credit Union has agreed to offer Hawaii-based financial institutions and retailers Fujitsu’s “Series 8000” Web-enabled ATMs. Fujitsu Series 8000 ATMs are designed to operate off-premise, in the lobby, through the wall and in drive-up environments. The Windows 2000-based ATMs offer banks, credit unions and other financial service providers next-generation features.

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Intelli-Check Age Verification

Intelli-Check has received an additional order for 50 age verification units to be deployed at a major oil company’s retail outlets in the Northeast to bring its total delivered to-date of 500. ID-CHECK(R) units enable a user to prevent economic loss from check-cashing, credit card and various other frauds utilizing fake IDs and the ID-CHECK and IDentiScan units have the ability to determine whether purchasers of age-restricted products such as alcohol and tobacco meet minimum age requirements for their sale.

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Advanta 3Q/02

Advanta reported consolidated net income for the third quarter of $6.3 million compared to a net loss of $41.7 million for the third quarter of 2001. Business card profits were $10.2 million. Business card managed receivables grew to $2.3 billion at the end of third quarter as compared to $2 billion one year ago. Charge-offs declined to 8.9% on an annualized basis as compared to 9.0% at the end of the second quarter. Over 90 day delinquencies declined 37 basis points to 2.99% while over 30 day delinquencies increased 7 basis points to 6.66% at the end of the third quarter. Card volume was up 18.4%, from $1.1 billion for 3Q/01 to $1.3 billion for 3Q/02. For complete details on Advanta’s 3Q/02 performance visit CardData ([www.carddata.com][1]).

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

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Paymentech & ReD

Paymentech has inked a deal to add Retail Decisions’ “ebitGuard” to its “OnGuard” suite of fraud management solutions to enable merchants to reduce the charge-back fees associated with fraudulent card-not-present transactions. ebitGuard incorporates neural technology, with a number of other sophisticated processes, proprietary databases, specialist risk analysts and CNP experience to provide clients with a fully integrated real-time risk assessment service that delivers high quality risk management results.

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Oberthur 3Q/02

Oberthur Card Systems reported third quarter revenue of 103.3 million euros, 7% decline from 3Q/01. Oberthur says the slowdown in smart cards reversed itself during the third quarter as the company experienced a 13.6% increase over second quarter thanks to business in France and the United Kingdom. Oberthur says sales of magnetic stripe cards have stabilized. The decline of 4.3 million euros in sales compared with 3Q/01 is mainly due to the divestment from the memory card business in the USA. Oberthur says the roll out of EMV microprocessor cards has reached a new phase in the UKwith the introduction of the PIN@POS technology that enables retailers to use microprocessor cards with a PIN code at their POS terminals. With a 58% sequential growth and the recent announcement of a 3 three-year contract with Barclaycard, Oberthur says it is in a strong position. Oberthur expects its level of sales on a full year basis to be in the range of 435 to 450 million euros. For complete details on Oberthur’s 3Q/02 performance visit CardData ([www.carddata.com][1]).

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

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Card Downloads

VISA confirmed this morning that its cardholders in Japan are the first in the world to download applications to their “VISA smart” cards via the Internet. Sumitomo Mitsui Card has launched the service which allows cardholders to download PC network access functions to “GlobalPlatform” multi-application “VISA smart” cards. Sumitomo expects to issue at least 100,000 such cards within one year. SMCC has been issuing EMV-compliant VISA multi-application smart cards since July. The applications may include identification, loyalty schemes, identity passwords, transit and healthcare information. VISA expects 15 million smart cards to be issued in the Asia Pacific region by the end of 2002.

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Diebold 3Q/02

Diebold reported third quarter net income of $44.0 million on revenue of $529.8 million. This compares to third quarter 2001 net income of $14.3 million on revenue of $444.6 million. ATM service revenue grew 13.7%, and 14.0% on a fixed exchange rate basis. Significant orders for the quarter included an ATM order valued at more than $25 million from a large financial institution in Brazil and orders totaling more than $17 million from two large financial institutions in China. For complete details on Diebold’s 3Q/02 performance visit CardData ([www.carddata.com][1]).

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

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Corillian 3Q/02

Corillian reported third quarter revenue of $10.0 million, compared to $15.0 million for 3Q/01. Corillian applications support Internet banking, bill delivery and payment, wealth management, customer relationship management, campaign management, credit cards, enhanced data aggregation, personalization and small business transactions. Corillian Voyager can be deployed on-site at the financial institution or in Corillian’s data center.

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MASCOT DISTRIBUTOR

NEXT IT Informasyon Billisim Teknolojileri ve Tic has signed a deal with
Ireland’s CardBASE Technologies to distribute “MASCOT” range of products in
Turkey and other Turkish speaking states. NEXT IT says it sees the market
for CardBASE enabled platforms in Turkey to be a $10 million business
within two years. CardBASE “MASCOT” is a GlobalPlatform compliant solution
for the management of multiple applications including, EMV, CEPS, PKI and
Loyalty. “MASCOT” delivers solutions for issuance, card life cycle
management, key management, personalization and post issuance.

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