Discover 2GO

Discover launched a revolutionary new credit card yesterday that brings the card out of the wallet onto a key chain–much to the dismay of its card issuing rivals. The Discover 2GO Card is shaped differently and smaller than a traditional credit card but has a mag stripe containing the same account information as the cardholder’s existing Discover Card. The unique and patent-pending design is housed in a protective case that attaches to a key chain, belt, or money clip. Users simply rotate the card out of its case and swipe. After a year-long pilot, the Discover 2GO Card is now launching in select Midwest markets, with national availability this summer. The card may also offer Discover the option of upgrading to a contact and/or contactless chip, giving it a potentially huge competitive advantage as the overall U.S. market migrates to a smart card infrastructure and wireless transactions. To-date, clear or translucent smart cards, have not rung consumer’s “bell” in the USA, other than to provide some limited design or sex appeal. A card with a different shape and a chip may best communicate to consumers the technological advantages of a smart card. Discover did not reveal the manufacturer of the new card but indicated it may provide that information at alater time.

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ID Congress

The CardTech/SecurTech Conference announced yesterday that this year’s event will include the first Worldwide ID Congress. The annual CTST Conference will be held in New Orleans, from April 22-25. The first Worldwide ID Congress will discuss the future of large-scale ID programs, anti-counterfeiting procedures, and biometric technologies. This new program will raise the subject of identification and its overarching influence in these uncertain times. Tate Preston, VP/Government Solutions, DataCard Group will lead the “ID Challenges in the 21st Century” discussion. David Snodgrass, Solutions Director, Digital Imaging, Unisys Corporation will review “Large Scale ID Systems.” Clive Reedman, Management Board Member of the Association for Biometrics, UK Police IT Organization will handle “ID Systems, Processes and Enforcement.” John Woodward, Senior Policy Analyst, The Rand Corporation, will lead “Practical Biometric Application Development.”

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GPN VIP Gaming Services

Global Payments continues to build a strong presence in the gaming industry with eight gaming establishments signing agreements for check processing services from Global’s VIP Preferred suite of products.

Under the agreements, Global Payments will provide one or a combination of VIP Preferred products to each of the following casino properties: Black Hawk Casino By Hyatt in Black Hawk, Colorado; Binion’s Horseshoe Hotel & Casino in Las Vegas, Nevada; Downs At Albuquerque in Albuquerque, New Mexico; Hurricane Harry’s in Las Vegas, Nevada; Jacksonville Kennel Club in Jacksonville, Florida; Orange Park Kennel Club in Orange Park, Florida; Southern Cruz Casino in Little River, South Carolina; and St. Johns Greyhound Park in Jacksonville, Florida.

Global Payments, a gaming industry leader in check-cashing transactions, has added significant enhancements to the VIP Preferred product line, which is designed to specifically meet the needs of the gaming industry. The latest release of VIP Preferred’s proprietary software provides the gaming industry with the tools to establish up to $10,000 revolving check cashing limits for their customers in as little as 45 seconds.

Offering the highest limits in the industry combined with speed and efficiency, VIP Preferred cardholders gain fast, hassle free access to cash, while gaming establishments maximize every opportunity to increase money to their floor and eliminate associated risk by having the payment of their transactions 100 percent guaranteed.

“The simplicity and speed with which we can process paper and electronic check transactions, significantly increases the level of service, while building customer loyalty for our gaming establishment customers,” said Global Payments Check Services Group President, Scott W. Haskins. “Momentum is building rapidly for our innovative suite of products as we consistently enhance the content,” he said.

Global Payments Inc. is a leading provider of electronic transaction processing services to merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, the United Kingdom, and Europe. Global Payments offers a comprehensive line of payment solutions including credit and debit cards, business-to-business purchasing cards, gift cards, Electronic Benefits Transfer (EBT) cards, check guarantee, check verification and recovery, terminal management and funds transfer services.

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Online Biometric Authentication Service

ITI Services, Inc., a leading payment processor, announced that it has teamed with DigitalPersona to introduce the first mass-market, real-time, biometric authentication process for authenticating users and protecting their personal banking information while they shop online at more than 6500 sites. The new authentication process is seamlessly integrated with “PayByCheck” () which has been in wide use for more than 5 years and works with all bank accounts.

“We are pleased to lead the way in further protecting online shoppers’ personal finances with finger scanning,” said Ron Ehli, CEO of ITI Services. “Our new service is capable of drastically reducing identity theft and we believe biometrics should be used to protect all online transactions.” Payments made using the non-obtrusive “finger-scan” process is based on DigitalPersona’s award-winning U.are.U Online Service.

This process uses the icasi (Internet Commerce Account Status Information) network, developed to protect consumer and business bank accounts and credit cards from unauthorized use.

To make a payment using the finger scanner, users install the U.are.U software and small finger scanner, which plugs into a USB port on the computer or is built into the keyboard. They then register to protect their accounts with icasi (http://www.icasi.org). When they make an online purchase from a participating merchant, a window pops up asking for authentication using the finger scanner. If the scan is successful the transaction is completed, usually within a six-second time frame. The icasi network protects users’ financial information without tracking them personally by ensuring that the authentication process is kept separate from the payment process. As an added benefit, once the simple plug-and-play DigitalPersona solution is installed, it can also be used to replace computer passwords that can be lost, forgotten, or stolen with a more reliable level of security based on the user’s finger-scan.

“We believe in putting personal security into the hands of consumers,” said Fabio Righi, CEO of DigitalPersona. “We are excited to work with a mainstream payment provider. Online users can now protect their personal information with just one touch.” Payments made using PayByCheck benefit consumers and online businesses alike. Consumers benefit from the added protection while businesses benefit from a reduction in fraudulent purchases. “When you can add this level of protection for only pennies per transaction, why wouldn’t you?” said Ehli. An online demonstration is located at

About ITI Services

ITI Services is headquartered in Tacoma, Washington and is the provider of PayByCheck and other innovative payment systems. Since 1997 PayByCheck has been implemented by thousands of leading companies worldwide to verify, authenticate and process Internet payments using the existing bank infrastructure. http://www.paybycheck.com This release was issued through eReleases.com – Your Source for Affordable PR. For more information, visit

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VeriSign SkyCode

SkyGo, Inc., the authority on mobile marketing, and VeriSign, Inc. announced the integration of SkyGo’s new SkyCode service with VeriSign’s wireless resolution platform. The platform allows for global registration and resolution of numeric codes providing an easy way for anyone with a mobile device to instantly interact with advertisements of interest to them in any medium. This agreement will help marketers take advantage of mobile data services to reach the world’s 770 million mobile phone users.

Using VeriSign’s resolution technology, SkyGo has developed SkyCode, a new mobile marketing service that enables marketers to equip traditional cross-media campaigns with an instant response mechanism. With SkyCode, advertisements in traditional media — billboards, print, and broadcast — will contain a numeric code that interested consumers can dial on their mobile phones to instantly interact with the advertiser and receive additional information, special offers or prizes. When advertisers run campaigns using SkyCode, they register a short numeric code that remains active for the duration of the campaign.

“As a leading provider for both data and voice networks, we’re focused on bridging these technologies to make it easier for businesses and consumers to communicate what they want, where and whenever,” said Ken Hallman, vice president, VeriSign’s Convergent Services Group. “SkyCode is one of the first applications that leverages VeriSign’s resolution technology to provide real value for marketers, wireless carriers and consumers. Our global infrastructure will give SkyGo the ability to execute their business plan and serve the mobile consumer market.”

The new SkyCode service will be unveiled in the U.S. this week at CTIA WIRELESS 2002. It represents what SkyGo believes is the next step in the evolution of mobile marketing. SkyCode rounds out SkyGo’s technology platform, which already includes solutions used by wireless carriers and marketers across the globe for contextual mobile ad serving, rich mobile ad creation, and permission-based mobile marketing programs.

“SkyGo has developed a mobile marketing application that is scalable and can be easily integrated into a carrier’s service offerings. Our goal is to help wireless carriers empower marketers to regularly incorporate mobile data services into their offline media spending, which today represents more than $400 billion globally,” said Derek Proudian, CEO and chairman of SkyGo. “Together, VeriSign and SkyGo will help drive wireless data usage by combining improved navigation with the compelling consumer proposition provided by solid marketing campaigns.”

SkyGo has already implemented SkyCode in Hong Kong, where the company is working with major advertisers to run marketing campaigns that contain short codes that work across the networks of all the major wireless carriers in Hong Kong. SkyGo plans to roll out services that will help marketers incorporate mobile promotions, entertainment and product information into cross-media campaigns in other large markets in the second half of 2002.

SkyGo Solutions for Mobile Marketing

SkyCode is the latest offering in the SkyGo Mobile Advertising Platform(TM) (SkyGo MAP(TM)), a family of products designed to enable wireless carriers and marketers to cultivate rewarding relationships with mobile consumers by creating and managing effective mobile marketing programs. SkyGo MAP includes SkyServer(TM), a robust mobile ad serving technology; SkyStudio(TM) the industry’s only ad creation tool that allows advertisers to intuitively create rich, interactive mobile marketing content; and SkyGo’s Mobile Marketing Strategy Consulting Services.

About SkyGo

SkyGo develops the technology that makes marketing effective on mobile devices. Founded in 1999 to help companies cultivate rewarding relationships with the world’s nearly one billion mobile phone users, SkyGo gives marketers and wireless carriers the tools to make it easy for any consumer with a mobile device to interact with all types of media. The SkyGo Mobile Advertising Platform(TM) (SkyGo MAP(TM)) is a turnkey technology that creates and delivers the most effective models of mobile marketing, including contextual ad serving, SkyCode instant response campaigns, and permission-based alerts. SkyGo is a global company with headquarters in the U.S. and offices throughout Asia. More than 50 national brands and advertising agencies have looked to SkyGo for mobile marketing solutions, including Visa, Procter & Gamble, General Motors, Digital Impact, Kinkos, HP Online, Avenue A, Modem Media, CompUSA, KFC, Bolt, Inc., Subway and Hollywood.com. For more information, visit [www.skygo.com][1].

About VeriSign

VeriSign, Inc. (Nasdaq:VRSN) is the leading provider of digital trust services that enable everyone, everywhere to engage in commerce and communications with confidence. VeriSign’s digital trust services create a trusted environment through four core offerings — Web presence services, security services, payment services, and telecommunications services — powered by a global infrastructure that manages more than five billion network connections and transactions a day. Additional news and information about the company is available at [www.verisign.com][2].

VeriSign, a global leader in shaping the way people work and use the Internet, recently expanded its business into telecommunications through the acquisitions of Illuminet and H.O. Systems. This combines VeriSign’s Internet infrastructure with Illuminet’s SS7 signaling network and H.O. Systems’ billing and customer care solutions, enabling VeriSign to deliver an end-to-end suite of network, data, mediation and billing services that meet telecommunications carriers’ needs for growth, customer retention and revenue generation. This infrastructure and expertise positions VeriSign in a leading role to develop the promise of convergence of voice and data networks.

[1]: http://www.skygo.com
[2]: http://www.verisign.com

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NYCE Signs EBT Clients

NYCE Corporation announced that two prominent New York State financial institutions — Canandaigua National Bank and Trust and SBU Bank — have chosen NYCE as the processor for their electronic funds transfer programs.

A NYCE Network Participant since 1986, Canandaigua National Bank and Trust will now entrust the driving and monitoring of its automated teller machines (ATMs) to NYCE’s EFT Processing business unit. In addition, the bank will rely upon NYCE for online debit card authorization and signature-based card processing for its card base portfolio. “NYCE’s expertise has influenced our decision to migrate our entire processing program from our in-house operation to NYCE’s platform. And, I am confident that the reliability NYCE has exhibited as our network-of-choice will be mirrored in the support the company will provide as our EFT processor,” said David Morrow, Sr. VP Operations with Canandaigua National Bank and Trust.

NYCE will provide the same services for SBU Bank’s ATMs and portfolio of debit cards. “Relying on NYCE for both network switching and EFT processing ensures the ongoing success of our entire EFT program,” said Richard F. Callahan, Sr. Vice President, Sales and Marketing with SBU Bank. “In addition, thanks to NYCE’s economies of scale, we can realize material bottom line cost savings.” SBU Bank has been a NYCE Network Participant since 1993.

In addition to core EFT processing services, the institutions will be able to take advantage of NYCE’s advanced ATM monitoring/dispatching system. This automated solution monitors all ATMs in real time, and immediately notifies and dispatches appropriate personnel in the case of a service interruption. Furthermore, financial institution representatives can view the statuses of their ATMs from any Internet enabled PC through NYCE’s web-based InfoManager application.

“We work hard to gain our customers’ confidence by providing processing solutions and personal service that goes beyond their expectations,” said Michael A. Feliciano, Vice President, EFT Processing, with NYCE. “And when we see long-standing Network relationships extended into EFT processing relationships, we know we’ve earned that marketplace trust.”

About Canandaigua National Bank and Trust

As the region’s only locally owned, full-service Community Bank, Canandaigua National Bank & Trust is celebrating its 115-year anniversary of service to the community. Canandaigua National Bank has been, and continues to be the financial intermediary for businesses and individuals, wherever they may work, play or live.

About SBU Bank

Since 1839, SBU Bank has served the Central New York community with a wide range of personal and commercial banking products, including checking, savings, loans and investment services. Headquartered in Utica, N.Y., and formerly known as the Savings Bank of Utica, SBU Bank operates nine full-service branch offices in the New York counties of Oneida, Herkimer and Onondaga. SBU Bank, part of Partners Trust Financial Group, Inc., has assets of $983 million, deposits of $605 million and equity of $100 million as of December 31, 2001.

About NYCE

NYCE Corporation is one of the leading electronic payments companies in the United States, providing financial institutions and retailers with shared network services for automated teller machines (ATMs), on-line debit point-of-sale (POS) and emerging real-time payment solutions. In addition to innovative product development, the company also provides processing services that support ATM management and monitoring services, debit card issuance and authorization solutions. NYCE’s strategic alliance with First Data Corporation (FDC) is a unique model for the industry that combines the strengths of both organizations through product development, service delivery and complementary national/international reach. Comprising 2,200 financial institution and retail ATM Participants, the NYCE Network processes approximately 100 million transactions per month. NYCE Corporation is headquartered in Woodcliff Lake, NJ, and can be found online at [www.nyce.net][1].

[1]: http://www.nyce.net

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MasterCard INRANGE

INRANGE Technologies announced that MasterCard has selected INRANGE to design and implement the storage networking infrastructure for its Global Technology and Operations center located in St. Louis. This solution provides MasterCard with a simplified network that offers the highest switching availability, flexibility, and ease of control through a single point.

“When a customer uses a credit card, the transaction must be instantaneous and the data records must be secure,” stated Jim Hull, MasterCard Vice President, Computer and Network Services. “Our business includes over 20,000 member financial institutions and they depend on our ability to process millions of transactions per day virtually non-stop, every day of the year. INRANGE provides a total solution that we can rely on now and it can grow with us to accommodate future needs.”

The MasterCard center processes credit, charge, and debit card transactions from more than 210 countries around the world. INRANGE’s multi-protocol switch enables MasterCard to recreate any kind of processing problem reported by any individual bank, with no re-cabling of the system. Technicians at the center can also perform such critical tasks as testing and monitoring circuits, and swapping-out failed equipment.

“INRANGE provides MasterCard with more than just hardware or switches; we provide a total solution with a proven platform for growth and investment protection. MasterCard’s data intensive environment required a solution that offered high port capacity, multi-protocol support and a single interface for controlling the network infrastructure,” said Dale Lafferty, INRANGE Vice President of Marketing and Alliances. “Our solution delivered on these key requirements and allows MasterCard to benefit from robust management capabilities, reduced complexity and a lower total cost of ownership.”

The INRANGE infrastructure solution consists of two 1,000-port multi-protocol, high availability switches that ensure the availability of network resources while providing the flexibility to accommodate a constantly changing environment. The two storage directors, each with 256-port capacity, are connected to EMC Symmetrix disk storage devices and StorageTek tape storage systems. The two high-speed storage directors convey the transactions to on-site disk and tape storage facilities, allowing MasterCard to control connectivity from a single point. By providing scalable solutions, proven technology and world-class service and support, INRANGE can leverage the customer’s existing infrastructure, plan for future requirements and provide the reliability needed to help them compete effectively in today’s tough business climate.

About INRANGE ()

Inrange Technologies Corporation (Nasdaq: INRG), a subsidiary of SPX Corporation, is the world leader in high-end scalable storage networking solutions and provides users with the building blocks to manage and expand large, complex storage networks simply without geographic limitations. INRANGE’s core-to-edge-to-anywhere solutions solve the growing storage challenges facing today’s IT organizations, while providing investment protection and a proven foundation for future growth. INRANGE has a 33-year history of providing mission-critical networking technologies, servicing over 2,200 customers in 90 countries.

About MasterCard ()

MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard, Cirrus and Maestro. More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards in circulation today. An association comprised of more than 20,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard’s award-winning Priceless advertising campaign is now seen in 80 countries and in 40 languages, giving the MasterCard brand a truly global reach and scope. With more than 22 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. At September 30, 2001, gross dollar volume exceeded US$704 billion.

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iPIN Hires Field Ops Head

iPIN announced the selection of Craig Olsen as Sr. Vice President of Global Field Operations. Olsen will be responsible for sales, professional services, marketing communications, customer service and the expansion of iPIN’s presence worldwide.

“iPIN has established itself as the global leader in web and wireless e-Payment technology in the telecommunications industry,” said Olsen. “By leveraging my expertise in telecommunications and enterprise software, I hope to help drive iPIN’s expansion strategy for wireless payment applications into new markets, such as the telematics industry. I look forward to making an immediate contribution at iPIN.”

Olsen brings nearly twenty years of managerial experience in high tech companies to iPIN. Most recently, Olsen was the Sr. Vice President of International Operations for Niku Corporation, where he was responsible for all corporate operations outside of the U.S. and he acted as the managing director of five Niku European based subsidiaries. Olsen has also been the Sr. Vice President of Sales and Field marketing at Teligent, Inc. During his tenure at Teligent, Olsen led the company’s efforts for global expansion and built the company’s first central offices and fixed wireless network. As Vice President of WorldCom, Olsen led a national business unit operating in the top twenty cities in the U.S. Olsen has additional managerial experience at Mitel Corporation, Bell South Communication Systems, Siemens Information Systems, and Communications Corporation of America.

“Craig’s extensive experience in fostering international relationships and building new markets from the ground up were key considerations in our selection,” said Bradley Rode, CEO of iPIN. “Craig’s track record with such clients as British Telecom, Barclays, and Deutsche Telecom demonstrates his ability to develop European markets, which has been a priority for iPIN for several years. We are confident that Craig will continue to drive our success in the European market, while also expanding iPIN’s presence in the U.S. and other international regions. We are pleased to have such a proven leader in telecommunications and enterprise software on our team.”

About iPIN

iPIN ([www.ipin.com][1]) is a leading provider of e-Payment software. iPIN’s e-Payment software offers convenience and security to consumers as they make Web and wireless purchases. Capitalizing upon the established infrastructure that processes credit and debit card payments, iPIN complements existing payment card channels by providing a wider selection of e-Payment options. With iPIN, payments can be made through bank accounts, stored value accounts, and wireless bills using devices such as cellular phones, computers, smart cards, and automotive transponders. iPIN’s products have been implemented worldwide by financial institutions, telecommunications operators, automotive OEMs, and ISPs who want to drive additional revenues and become more involved with their consumers as they make purchases beyond the existing customer or billing relationship. iPIN customers include Vodafone UK, British Telecom, Hong Kong and Shanghai Banking Corporation Limited, and France Telecom among others. For further information, contact in the U.S. Linda Pace, +1 650-272-3723, (rmotil@ipin.com), in Europe, Marc Kawam +33 1 58 56 72 03, (mkawam@ipin.com), in Asia, Raymond Chu, +852-2887-7827, (rchu@ipin.com), or visit the website [www.ipin.com][2].

[1]: http://www.ipin.com
[2]: http://www.ipin.com

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MF6000

CIM launched the latest of its Pro-Series multi-modular systems, the MF6000. This multi-feeder is ideal for mid to high volume card production in that it allows the user to simultaneously feed and process up to 6 different cards into other embossers and thermal printers. To maximize card production even further, the MF6000 has 6 input hoppers capable of holding 200 cards each for a combined total of 1200 cards, and 6 optional chip encoding stations for smart card personalization. This user-friendly multi-feeder can be used as a stand alone unit or in-line with CIM’s wide range of Pro-Series embossers and thermal printers. One of the sectors that will benefit most from the new system is the loyalty card industry as well as the broad range of users requiring batch runs of different types of plastic cards, such as the banking industry which now has an increased need to offer market specific credit/ATM cards.

CIM’s goal through its Pro-Series line is to implement advanced technology systems at affordable prices, and executives at the corporation are confident that the MF6000 proves just the same. “The MF6000 in essence provides one more tool, not only for existing Pro-Series customers, but also for an entire market requiring multi-modular solutions capable of taking a card personalization job from start to finish,” said Mads Petersen, Executive Vice President of CIM USA, Inc.

About CIM S.p.A

CIM is a leading and innovative manufacturer of card printers and embossing products. Established almost 20 years ago, CIM has a worldwide presence with subsidiaries covering the Asia/Pacific region, and since 1999 is covering the Americas through its subsidiary CIM USA Inc located in Miami, Florida.

By providing the widest range of plastic card and metal plate personalization equipment available in the industry, CIM now has the most intelligent, flexible, and user-friendly technology for all types of market segments: financial institutions, hospitals, casinos, government agencies, card manufacturers/service bureaus, retailers, etc.

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CompuCredit Auditors

CompuCredit Corporation announced that Ernst & Young LLP advised CompuCredit that, following completion of its audit of CompuCredit’s financial statements as of, and for the year ended, December 31, 2001, it would resign as CompuCredit’s independent auditors. CompuCredit already has begun the process of evaluating other firms to engage as its independent auditors for the current fiscal year. “We anticipate announcing our new independent auditors in the near future. In today’s environment, it is critical that auditors bring both expertise and independence to the audit process, and we are working hard to ensure that the firm we engage meets those criteria,” said David Hanna, Chief Executive Officer of CompuCredit.

CompuCredit Corporation is a credit card company that uses analytical techniques, including sophisticated computer models, to market general-purpose credit cards and related fee-based products and services. Through its Aspire brand and others, the company currently serves more than 2.1 million customers nationwide. Credit cards marketed by CompuCredit are issued by Columbus Bank and Trust Company under an agreement with CompuCredit. For more information about CompuCredit, visit [www.compucredit.com][1].

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

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MIST NBS CARD

MIST Inc., a leading global provider of smart card solutions, plastic card issuance solutions, and transaction services, announced that its NBS Smart Card Issuance group is expanding its sales and service operations in the Asia-Pacific region and opening an office in Japan.

The new office will be located in Tachikawa-city, Tokyo, Japan and is the first office in Asia for the MIST NBS Smart Card Issuance group, headquartered in Paramus, New Jersey, USA.

“The opening of this office will allow MIST to provide an enhanced level of service to both our Asian dealers and our increasing number of issuer-customers,” said Charles Lee, President of MIST Inc. Lee continued, “With the rapid adoption of smart card technology in Asia, MIST will be better able to focus its efforts on providing its customers with superior smart card personalization technology and issuance solutions. Smart card usage in Asia is two or three years ahead of the North American market and our expansion there will provide the foundation for our business growth in that region.”

The MIST NBS Smart Card Personalization Process solution provides smart card issuers with a faster, more economical, and more flexible solution than other smart card issuance processes. The MIST process includes revolutionary secure key generation software (patent pending), which eliminates a time-consuming step in the smart card issuance process.

Representatives from both VISA International and MasterCard International recognize the opening of MIST NBS’s office in Japan as an important milestone for the Company.

David Chan, Head of Chip Products, Visa International Asia Pacific said, “Visa International has taken a leadership role in IC Card migration throughout the Asia-Pacific region. We congratulate MIST NBS on the opening of its new office and welcome the increased support that will become available to our members and vendors throughout the region.”

Shuan Ghaidan, Vice President, Advanced Payment Systems, Asia Pacific Region, MasterCard International, commented, “We are pleased that MIST NBS is opening an office in Japan and building their presence in the rapidly growing Asia Pacific region. MasterCard has already issued more EMV-compliant smart cards than any other payment brand in Asia, and with the help of associates such as NBS, we look forward to continued success.”

MIST Inc., has two business groups: Transaction Services and NBS Smart Card Issuance. The Transaction Services group designs, manufactures, and distributes point-of-sale solutions and hosts secure transactional gateways. The NBS Smart Card Issuance group designs, manufactures, and markets smart card and plastic card personalization equipment and related products and services.

The MIST NBS Smart Card Issuance group’s Asian expansion is an important component of the Company’s plan to grow internationally, market its solutions, and expand its product offerings. In addition, to its worldwide offices, MIST has dealers in Australia, Guam, Hong Kong, Korea, Malaysia, New Zealand, the People’s Republic of China, the Philippines, Singapore, Taiwan, and Thailand.

About Visa Asia Pacific

Visa is the world’s leading payment brand and the largest payment system worldwide. Visa branded cards generate almost US$2 trillion in annual volume worldwide and are accepted at 22 million locations around the world.

In Asia Pacific, Visa has a dominant market share of more than 56 percent in terms of card sales volume, more than all other payment brands combined. During the twelve months ended 30 September 2001, Visa Asia Pacific reported card sales volume of US$450 billion, including US$298 billion in card sales volume plus a further US$154 billion of commercial activity using Visa cards in China. In the same period, the total number of Visa, Visa Electron, Interlink and PLUS-branded cards on issue in Asia Pacific rose to 315 million. Visa is a leader in Internet-based payments and is pioneering the creation of u-commerce, or universal commerce, the ability to conduct commerce anytime, anywhere, over any type of device. Visa Asia Pacific’s Internet address is www.visa-asia.com.

About MasterCard International

MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard(R), Cirrus(R) and Maestro(R). More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge, and debit cards in circulation today. An association comprised of more than 20,000-member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard’s award-winning Priceless(R) advertising campaign is now seen in 80 countries and in 40 languages, giving the MasterCard brand a truly global reach and scope. With more than 22 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. At September 30, 2001, gross dollar volume exceeded US$704 billion. MasterCard can be reached through its World Wide Web site at www.mastercard.com.

About MIST Inc.

MIST Inc. (TSE: MIS) is a leading international provider of transaction processing solutions for financial institutions and processors. The Company produces wireless, Internet, and wired point-of-sale terminals, secure transactional gateways and offers smart card issuance solutions. Its end-to-end products take advantage of the latest communications and security technologies to deliver outstanding operating benefits and cost advantages to its customers and end users. MIST has offices in Canada, the United States, the United Kingdom, and Japan. For more information, visit www.mistwireless.com. Investors may contact investor-relations@mistwireless.com.

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