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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SKIMMING FIGHTER

MasterCard and MagTek announced the successful results of the beta
test of a risk management tool to fight skimming in Kuala Lumpur. Malaysia
is the first country to deploy “Magneprint” citywide. In collaboration with
four of MasterCard’s member financial institutions in Malaysia: Citibank
Berhad, HSBC Bank Malaysia Berhad, MBF Cards (Malaysia) Sendirian Berhad and
Southern Bank Berhad, the beta test began in June 2002, and will continue
through December 2002. More than 250 merchants within Kuala Lumpur are
participating in the test. The participating merchant terminals were
retrofitted with Magneprint-capable readers and the terminals were
programmed to send the Magneprint value with the authorization request
message to the card issuer’s host system for verification. To date, a total
of 65,817 cards with Magneprint references are on file and utilized,
resulting in 673,674 scored Magneprint transactions. The beta test has also
successfully detected skimmed cards during the test period.

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CERTIFIED USB

Atmel Corporation has received the “USB V2.0 Full Speed”
certification for the “AT90SC6464C-USB.” The certification gives customers
the assurance of USB Full-Speed performance when deploying Atmel s USB
secure microcontroller solution on the PC security market addressing
applications such as e-banking, e-commerce, VPN, PKI, secured email and
copy right protection. The dual protocol “AT90SC6464C-USB” secure IC is a
USB device with plug-and-play convenience, while remaining compatible with
the established ISO 7816 infrastructure. The high data transfer rate over
the USB 2.0 Full-Speed interface 12 Mbps combined with a highly secure
architecture gives a very low cost secure IC for emerging applications.

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Chinese Travel VISA

VISA International launched an “International Travel Card” in China this week. Visa estimates this opportunity represents just a fraction of the $2.3 trillion global market for prepaid, the newest, most dynamic category of payment products. To help capture the US$2.3 trillion prepaid opportunity, Visa is continuing to work closely with industry participants to develop a cost/benefit framework for accessing new markets and enhancing relationships with existing customers.

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TRAVEL CARD

VISA International launched an “International Travel Card” in
China. VISA says that market research shows only 5% of the 10 million
annual outbound travelers from China own international payment cards. The
study also found more than half of outbound travelers carry over US$1,000
in cash on each trip, VISA prepaid cards may be non-personalized, have an
expiration date, and can exist in the physical or virtual world. They can
be reloadable or disposable. They can be instantly issued. A range of VISA
travel cards now allow consumers to make purchases wherever “Visa Flag” or
“Visa Electron” are accepted and provide 24-hour access to funds in any
local currency.

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Certegy & Dialogue

Certegy says its use of Exstream’s “Dialogue” software has produced significant savings by streamlining and standardizing internal production processes to create and personalize more than 100 million statements and 30 million pieces of correspondence produced annually. With Dialogue, Certegy is able to offer financial institutions low-cost advertising opportunities by dynamically inserting logos and 1:1 marketing campaigns into documents to strengthen brand loyalty, promote products, inform of services, and relay other pertinent information to the recipient.

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