ActivCard 4Q/01

ActivCard reported fourth quarter revenue of $6.8 million, an 11% increase over 4Q/00. Pro forma net loss for the quarter was $6.3 million, compared to pro forma net income of $100,000. Actual net loss for the quarter was $9.8 million, compared to actual net loss of $17.9 million, in the fourth quarter of the prior year. The Company also announced a restructuring of its business, reducing its operating expense run rate by 15%, which includes a reduction in headcount of approximately 20% worldwide. The Company expects to record a one-time charge in the first quarter of 2002 in the range of $6-$9 million related to this restructuring. For complete details on ActivCard’s 4Q/01 results visit CardData ([www.carddata.com][1]).

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

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NPC Renews EDR

National Processing Company, a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc., announced that Electronic Data Resources, Inc., a full-service provider of electronic processing, has signed a multi-year renewal of its processing agreement with NPC. Under the terms of the agreement, NPC will continue to provide EDR with front-end authorization and capture services, plus back office support.

“Through our relationship with top performing Independent Sales Organizations (ISO), NPC continues to demonstrate its commitment to the ISO marketplace,” said Thomas A. Wimsett, president and chief executive officer of NPC. “EDR has achieved tremendous success by offering merchants a wide variety of payment solutions. EDR’s success is directly attributable to Bill Blakey, founder and chief executive officer, and the management team he has assembled. Bill’s a veteran leader in our industry – his passion and commitment to his employees and merchants is contagious.”

“We have had far-reaching success working with NPC,” Blakey said. “By continuing our relationship with NPC, we can provide our customers with NPC’s expertise in processing, combined with their impressive history of outstanding customer service and product innovation. The extension of this agreement exemplifies the great synergy that exists between NPC and EDR.”

About Electronic Data Resources, Inc.

Electronic Data Resources, Inc. (EDR) is a leading provider of electronic point of sale services including credit card and debit card processing, gift and loyalty card products and electronic check processing. Established in 1999 and headquartered in West Palm Beach, Florida, EDR currently supports over 100 sales offices nationwide. Additional information concerning EDR may be obtained by visiting [http://www.edrprocessing.com][1]

. About National Processing, Inc.

National Processing, Inc. through its wholly owned operating subsidiary, National Processing Company (NPC(R)) is a leading provider of merchant credit card processing. National Processing is 86 percent owned by National City Corporation (NYSE: NCC) ([http://www.nationalcity.com][2]), a Cleveland based $106 billion financial holding company. NPC supports over 600,000 merchant locations, representing nearly one out of every five Visa(R) and MasterCard(R) transactions processed nationally. NPC’s card processing solutions offer superior levels of service and performance and assist merchants in lowering their total cost of card acceptance through our world-class people, technology and service. Additional information regarding National Processing can be obtained at [http://www.npc.net][3].

[1]: http://www.edrprocessing.com/
[2]: http://www.nationalcity.com/
[3]: http://www.npc.net/

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Magna Printers

Datacard Group announced the availability of six new Magna Class plastic card printers for immediate shipping. The six models feature Advanced Imaging Technology, a breakthrough in printing technology that optimizes the sharpness of photos, logos and other graphics on full-color and one-color cards.

“This is an important introduction for desktop card printing, because it means that card issuers no longer have to sacrifice image quality for productivity,” said Dan Hirsch, senior product manager for Datacard. “With the development of Advanced Imaging Technology for our Magna Class printers, Datacard provides card issuers with superior image quality that remains constant at extremely high print speeds.”

“The new Magna Class printers also address today’s heightened security concerns with several features that protect printers and personalized cards from misuse,” Hirsch said. “In addition to life-like photo imaging for positive identity confirmation, the printers offer inline application of clear and holographic topcoats and over-laminates for tamper-evident security, along with smart card technology and other advanced features. Lockable hoppers, a lockable cover and a compact chassis that can be bolted to any surface help safeguard the printers themselves.”

Advanced Imaging Technology leverages optimized print ribbons to improve the sharpness and quality of photos, graphics and logos printed on cards. Improvements include smoother backgrounds, superior reproduction of fine-text characters, better color matching with cameras and scanners and low-ribbon status. Magna Class printers with Advanced Imaging Technology personalize up to 650 one-color cards and 180 full-color cards per hour. The printers also feature a full-time disposable cleaning roller system, along with USB functionality and complete direct networking capability options.

Datacard will showcase its enhanced Magna Class printers at several upcoming security conferences, including:

— American Association of Motor Vehicle Administrators Leadership Summit, Arlington, Va., Feb. 8-10;

— National Association of Campus Card Users 9th Annual Conference, Reno, Nev., Feb. 23-26;

— International Security Conference and Exposition, Las Vegas, Nev., March 5-7;

— National School Board Association 62nd Annual Conference and Expo, New Orleans, La., April 6-9; and

— CardTech/SecurTech 12th Annual Conference and Expo, New Orleans, La., April 22-25.

“We’re excited to get our Magna Class printers with Advanced Imaging Technology in front of potential customers for a hands-on look, because the technology truly speaks for itself,” Hirsch said. “We anticipate heavy interest from government agencies, colleges and universities, corporations with access control systems and other mid-volume card issuers that require the highest possible image quality, throughput and security features.” Datacard Group provides software, systems and professional services needed to build profitable card programs. The company’s solutions portfolio also includes a complete line of secure digital identity systems and card personalization systems. Datacard Group is privately held and based in Minnetonka, Minn. Datacard Group serves customers in more than 120 countries. ([http://www.datacard.com][1])

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

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Mass Bank Signs with Metavante

Metavante Corporation announced a long-term contract with Marlborough Savings Bank, Marlborough, Mass., for a comprehensive suite of financial technology solutions, including deposit and loan account processing and customer accounting services. Metavante is the technology subsidiary of Marshall & Ilsley Corporation.

In addition, Metavante will provide Marlborough Savings Bank with products and services that support electronic banking, electronic presentment and payment, electronic funds transfer and card, and customer relationship management.

“We chose Metavante because it offers the broadest, most mature offering we could find,” said Jeffrey Dale, vice president, Marlborough Savings Bank. “Metavante is a one-stop shop for a single integrated solution, which is particularly valuable to a community bank like ours.”

Dale said Marlborough Savings, which signed an eight-year contract, was also drawn to Metavante because of its ability to provide a flexible solution. “We have a key business objective of expanding our commercial focus,” he said. “After exploring what Metavante could offer, we felt confident they could meet our current needs, and support our expanded offerings as we move forward.”

“Our ongoing commitment to account processing and our open and integrated architecture enable us to provide Marlborough Savings Bank with a solution that will help them to better serve their customers and compete more effectively in their market,” said Jamie Geschke, senior vice president and general manager, Metavante Financial Technology Services. “Our integrated solution enables our clients to implement compelling retail, small business, and commercial strategies.”

Metavante offers a comprehensive set of integrated products and services for financial services providers that are centered on customer and account management, specializing in deposit, loan and investment accounts. Solutions include core accounting services, retail delivery systems, card solutions, productivity tools, and trust and professional services. It provides core account outsourcing to more than 500 financial services providers, and is the leading deposit system outsourcer for the top 100 U.S. banks.

About Marlborough Savings Bank

Marlborough Savings Bank (MSB) is a locally run, independent mutual savings institution serving the Metrowest communities of Massachusetts since 1860. With $223 million in assets and branch offices located in Marlborough, Northborough, Southborough and Sudbury, MSB provides a wide variety of loan and deposit products as well as electronic banking services. A strong supporter of the communities, MSB has built its reputation on exceptional customer service and competitive products. Marlborough Savings Bank’s Corporate Office is located at 178 Main Street, Marlborough, Mass., and can be reached at 508-481-8300 or at [www.marlboroughsavingsbank.com][1].

About Metavante Corporation

With more than 3,500 clients, including the largest 20 banks in the United States, Metavante Corporation is a leading financial services enabler, providing virtually all the technology an organization needs to offer financial services. Metavante offers customer relationship management, electronic banking, electronic funds transfer and card solutions, electronic presentment and payment, financial technology services, private label banking, and wealth management solutions. Headquartered in Milwaukee, Wis., Metavante is wholly owned by Marshall & Illsley Corporation (NYSE:MI). For more information, see metavante.com.

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

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Cap One Award

For the fourth year in a row, Capital One ranked in Fortune’s listing of the “100 Best Companies to Work for in America.” Capital One ranks 32 and is the top Virginia-based company. Capital One is also recognized as one of the top “25 Best Places to Work for Women”, according to the listing. Fortune culled 279 companies as the most viable candidates for this list. Two-thirds of the score is based on survey responses from randomly chosen Capital One associates. That survey is designed to evaluate trust in management, pride in work and camaraderie. Capital One employs more than 20,000 associates worldwide.

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TJX TeamPoS Terminals

Fujitsu Transaction Solutions Inc. announced that it has signed an agreement with The TJX Companies, Inc. for Fujitsu to become TJX’s single supplier of point-of-sale terminals for its worldwide family of more than 1,600 off-price apparel and home fashions stores.

The three-year agreement calls for Fujitsu to replace Marshalls and other TJX stores’ POS hardware with 12,000 Fujitsu TeamPoS 2000 terminals. Fujitsu will also provide POS infrastructure management services which include wiring and rollout. Value of the agreement was not disclosed.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the United States and worldwide. Fujitsu will supply POS terminals for the company’s 582 Marshalls, 688 T.J. Maxx, 112 HomeGoods and 45 A.J. Wright stores in the United States; 131 Winners and 7 HomeSense stores in Canada; and in Europe, 101 T.K. Maxx stores. Fujitsu will also supply POS terminals for as many as 600 new stores as TJX expands over the next three years.

“A key strength of The TJX Companies is our ability to leverage the synergies of our various businesses,” said Arnold Barron, chief operating officer of The Marmaxx Group and senior vice president of TJX. “This leverage allows us to maintain a low operating cost structure and continue to pass great savings on to our customers. By selecting Fujitsu as our single POS vendor, we have capitalized on this leverage.”

Austen Mulinder, president and chief executive officer of Fujitsu Transaction Solutions, said, “Fujitsu has been a trusted vendor to TJX for more than 13 years. We are delighted to extend this relationship to the Marshalls chain. Their decision to extend our partnership to develop a unified environment will help The TJX Companies lower their total cost of IT ownership through greater efficiencies while fulfilling their expansion goals.”

About The TJX Companies

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The company operates 688 T.J. Maxx, 582 Marshalls, 112 HomeGoods and 45 A.J. Wright stores in the United States. In Canada, the company operates 131 Winners and 7 HomeSense stores, and in Europe, 101 T.K. Maxx stores. TJX’s press releases and financial information are also available on the Internet at [http://www.tjx.com][1]. Marshalls is the nation’s second largest off-price retailer and was acquired by TJX in 1995. Marshalls offers brand name family apparel, giftware, domestics and accessories. In addition, Marshalls offers shoes for the entire family and a broader assortment of menswear than does T.J. Maxx, all at excellent values. The Marshalls chain continues to add stores to its base. At the end of 2000, Marshalls operated 535 stores, with an average store size of 31,000 square feet.

About Fujitsu Transaction Solutions Inc.

Fujitsu Transaction Solutions Inc., headquartered in Dallas, is a wholly owned subsidiary of Fujitsu Limited (TSE: 6702). The company is a total lifecycle solutions supplier for North American retailers and financial services providers. Fujitsu optimizes the customer’s technology lifecycle and reduces total cost of ownership with point-of-sale (POS) hardware and software, handheld devices and applications, Web-enabled automated-teller machines (ATMs) and infrastructure services, including asset management. Fujitsu offers world-class customer-service support, call centers, product staging/integration and rapid-response rollouts. It serves customers such as Allfirst Financial, Albertson’s, Nordstrom, Recreational Equipment Inc. (REI), Safeway, Staples and U.S. Bank, among others.

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

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Tidel CEO LOA

Tidel Technologies, Inc. announced that James T. Rash, its Chairman, CEO and CFO, has taken a leave of absence for personal health reasons. The Board of Directors has appointed Mark K. Levenick, COO of Tidel, to the position of Interim CEO. The Company’s Audit Committee, chaired by Raymond P. Landry, will provide additional oversight for various financial responsibilities during Mr. Rash’s absence.

Tidel Technologies, Inc. is a manufacturer of automated teller machines and cash security equipment designed for specialty retail marketers. To date, Tidel has sold more than 30,000 retail ATMs and 115,000 retail cash controllers in the U.S. and 36 other countries. More information about the company and its products may be found on the Internet at [www.tidel.com][1].

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

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Certegy Caribbean

Banco Dominicano del Progreso said today it has converted 146,000 VISA, MasterCard, and private label accounts to Certegy for transaction processing. Certegy will convert Progreso’s American Express portfolio later this year, according to The RAM Report. Certegy will provide transaction processing, including authorization and posting for card issuance, and will also manage merchant transaction processing with the American Express conversion. Both the card and merchant processing will be managed at Certegy’s St. Petersburg, Florida processing center. Banco del Progreso will continue to perform customer service and production functions.

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MasterCard MEA

MasterCard has named Sonny Sannon as regional president for Middle East/Africa, according to [The RAM Report][1]. Sannon is replacing Donald Van Stone, who is retiring. As regional president, Van Stone relocated MasterCard’s MEA regional headquarters from Brussels to Dubai Internet City. Sannon, a 15-year veteran of MasterCard, had been SVP and GM for the Southeast Asia and South Asia regions of MasterCard International’s Asia/Pacific region. Prior to joining MasterCard, he spent nine years at American Express, including serving as general manager for Travel-Related Services for India and area countries.

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

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GPT

Global Payment Technologies, Inc., a leading manufacturer and innovator of
currency
acceptance systems used in the worldwide gaming, beverage, and vending
industries, today announced that it has acquired the remaining 30% of its
London sales and service office, Global Payment Technologies (Europe) Limited.
Effective October 1, 2001, GPT owns 100% of the operations which serve the
European markets.

Thomas McNeill, GPT Vice President and CFO, stated, “Considering the
substantial growth generated this past year by our European affiliate, and Mr.
Dunn’s critical role in this success, we have promoted him to European Sales
Manager, relieved him of his administrative burdens and rewarded him with a
multi-year employment contract. This move will allow him to work more closely
with existing customers and on the development of new business.” The
acquisition was accomplished by purchasing the stock from Robert Dunn for an
undisclosed amount. Mr. McNeill concluded, “We are very pleased with the
results and accomplishments of Mr. Dunn and his group, and anticipate
continued
growth in 2002.”

Global Payment Technologies, Inc. is a United States-based designer,
manufacturer, and marketer of automated currency acceptance and validation
systems used to receive and authenticate currencies in a variety of payment
applications worldwide. GPT’s proprietary and patented technologies are among
the most advanced in the industry. Please visit the GPT web site for more
information at http://www.gpt.com.

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