Intelli-Check & Sensormatic

Intelli-Check, Inc., a developer of advanced document verification systems, announced that the non-exclusive OEM agreement with Sensormatic Electronics Corp., recently acquired by Tyco International Ltd., which expires on March 31, 2002, will by mutual agreement not be renewed.

Intelli-Check said that Sensormatic has agreed to pay an undisclosed sum of money and additionally return to Intelli-Check previously paid for and unsold CHECK-FIRST units in its inventory to meet its obligations under the agreement.

Intelli-Check will recognize the income in the first quarter of 2002. Intelli-Check, Inc. ([www.intellicheck.com][1]) is a developer and marketer of an advanced state-of-the art document verification system for authenticating the validity of driver licenses and ID cards used as proof of identity.

Intelli-Check’s multi-purpose ID-CHECK(R) units are fully capable of increasing security and as a tool that can be used to deter terrorism at military installations, high profile buildings, airports and other sites and are also an effective tool against “identity theft,” which often is supported by fake IDs and is the fastest growing crime in the U.S. ID-CHECK(R) units enable a user to prevent economic loss from check-cashing, credit card and various other frauds utilizing fake IDs and to determine whether purchasers of age-restricted products such as alcohol and tobacco meet minimum age requirements for their sale. ID-CHECK(R), with its patented technology, analyzes and displays information encoded in magnetic stripes and barcodes found on driver licenses, military identification and other forms of state and government-issued identification from more than 50 jurisdictions.

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

Details

AmEx/Delta SLC Double Miles

American Express announced that Delta SkyMiles Credit Cardmembers can earn double miles on all purchases made on their Card in Salt Lake City and throughout Utah during the month of February.

“The Delta SkyMiles Credit Card flies past the other airline reward cards when it comes to offering value and benefits to our customers — especially with great bonus mile opportunities,” said Richard Quigley, vice president, cobrand marketing at American Express. “Giving double miles on all purchases made by Cardmembers in Salt Lake City and throughout Utah this February is another way we can reward our customers, support travel and showcase the value of the Card.”

According to information gathered from the Utah Travel Council, it is estimated that during February 2002, Salt Lake City alone will have 70,000 visitors or more per day. Delta SkyMiles Credit Cardmembers placing their hotel, rental car, restaurant and day-to-day purchases on the Card can earn double SkyMiles, which can be redeemed for a wide variety of Award Travel options including upgrades and Crown Room Club memberships.

“With double miles opportunities throughout Utah, we are able to truly showcase the convenience of using the Delta SkyMiles Credit Card for daily purchases and emphasize the rewarding features of the Card,” added Quigley. Year round, Delta SkyMiles Credit Cardmembers earn two SkyMiles for every eligible dollar charged to the Card for purchases at supermarkets, gas stations, drugstores, home improvement stores, the U.S. Postal Service, wireless phone bills and Delta Air Lines through the Card’s unique Always Double Miles feature(1). Cardmembers continue to earn one SkyMile for every eligible dollar charged for other purchases. Delta SkyMiles Credit Cardmembers also receive American Express(R) Card features, including 24-hour customer service, Global Assist(R) Hotline, Purchase Protection Plan, Buyers Assurance Plan(2) and more. The Delta SkyMiles Card can be used everywhere American Express Cards are welcomed. For more information about the Delta SkyMiles Credit Card, visit: [www.americanexpress.com/delta][1] or call 1-800-SKYMILES.

American Express is a diversified worldwide travel, financial and network services company founded in 1850. It is a world leader in charge and credit cards, Travelers Cheques, travel, financial planning, business services, insurance and international banking. Delta SkyMiles members earn mileage by flying Delta, the Delta Connection carriers, Delta Express, Delta Shuttle and Delta’s airline partners, including Delta’s SkyTeam partners. The Delta SkyMiles program offers many other mileage-building opportunities, including the Delta SkyMiles Credit Card from American Express, MCI, Nextel, EarthLink, participating hotels, car rental companies, cruise line, restaurants, flower purchases, home buying and selling.

1 Always Double Miles(SM) offer applies at qualifying stand-alone supermarkets, drugstores, gas stations, home improvement and hardware stores, the U.S. Postal Service, on wireless phone bill payments and Delta Air Lines purchases. Not valid in the departments of superstores or warehouse clubs. All standard Delta SkyMiles program rules and conditions apply. (c)2002 American Express. 2 Underwritten by AMEX Assurance Company, Administrative Office, Greenbay, WI. Coverage is subject to the terms, conditions and exclusions of Policy AX0951 / AX0953.

[1]: http://www.americanexpress.com/delta

Details

Checkout Smart Rewards

Catalina Marketing Corporation introduced Checkout Smart Rewards, a new method for supermarket retailers to offer their customers savings through individualized shopping lists. With enhanced graphics and a new Checkout Coupon format, retailers can combat channel erosion by delivering targeted stealth savings to shoppers based on previous shopping behavior.

“This exciting new application provides supermarket retailers with the opportunity to leverage a targeted shopping list application with traditional weekly specials,” said Cynthia McCloud, Senior Vice President of Retail for Catalina Marketing. “Catalina Marketing is excited about Checkout Smart Rewards and the opportunity to augment frequent shopper programs and loyalty applications, without advertising in traditional media that can be seen by the competition.”

Checkout Smart Rewards provides the retailer with the ability to personalize coupon offers or item discounts that will be available on the customer’s next shopping trip. This program gives the customer a virtual shopping list supported by in-store specials and reduced price items. Checkout Smart Rewards helps promote cross shopping, category growth and pantry loading programs associated with retailer loyalty programs. In addition, targeted national manufacturer offers can be combined with local retailer offers to develop exciting new equity building programs.

“This new application, combined with Catalina Marketing’s current in-store targeted programs, enhances customer relationships with personalized marketing programs,” said Sue Klug, President of Catalina Marketing Services — Retail and Direct Mail. “Through Checkout Smart

Rewards, Catalina Marketing will once again provide new methods of communication between retailers, manufacturers and consumers.”

Based in St. Petersburg, Fla., Catalina Marketing Corporation ([http://www.catalinamarketing.com][1]) provides a wide range of strategic targeted marketing solutions for consumer goods companies and retailers. The targeted marketing services of the company are provided by interrelated operating groups that strive to influence purchase behavior of consumers wherever and whenever they make purchase decisions. Through these operating groups, Catalina Marketing Corporation is able to reach consumers internationally and domestically — in-store, using incentives, loyalty programs, sampling and advertising messages; at-home, through direct mailings; and online. Personally identifiable data that may be collected from the company’s targeted marketing programs, as well as its research programs, will not be sold or given to any outside party without the express permission of the consumer.

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

Details

LIQUIDCREDIT

Fair, Isaac and Company, Incorporated, the leading global provider of decision technology, today announced a new Web-based credit scoring service for Japanese small business credit grantors, developed in collaboration with The Japan Research Institute, Limited. The service, powered by Fair, Isaac’s LiquidCredit decision engine, and delivered in ASP mode, will help Japanese lenders streamline their application processing systems and make more consistent, real-time credit decisions based on a small business’ risk profile.

The new service is the result of a banking consortium which Fair, Isaac and JRI had formed in November 2000 to develop the first broad-based small business risk models for Japanese credit grantors. Using loan performance data contributed by approximately 15 regional member banks, Fair, Isaac developed two small business risk models, one for small corporations with annual revenue of less than 500 million yen, and another for sole proprietors. Fair, Isaac will continuously analyze the loan data provided by the consortium members for potential improvements to the models and regularly validate and update the models for maximum scoring efficiency.

One of the most important components of the new scoring service is Fair, Isaac’s LiquidCredit, which provides a Web-based decision engine as well as the ability for lenders to design their own decision criteria and strategies. Japanese credit grantors can access the service — and Fair, Isaac’s decision technology — via the Internet to gain instant support in making credit decisions on small business loan applications.

“We are very excited to leverage our analytic expertise and decision technology in collaboration with JRI to bring small business lending in Japan to a new level,” said Tom Grudnowski, Fair, Isaac’s CEO. “The early adopters of this service will see a significant competitive advantage that will be reflected immediately on their portfolio profitability.”

“We are pleased to partner with Fair, Isaac in offering this important service to Japanese small business credit grantors, who have not, until now, had access to a Web-delivered credit decisioning solution. By increasing the lenders’ portfolio management efficiency, we expect this service to provide significant value to our clients as well as small businesses seeking funding,” added Toshio Mouri, JRI Counselor.

As part of the service, Fair, Isaac and JRI will also offer regular seminars to provide clients with updates on the latest decision technologies and information on how to best utilize the models for more profitable decisions in their origination and underwriting operations.

The launch of the Web-enabled small business scoring service for Japanese credit grantors follows last year’s launch of the first Web-based credit decisioning service for Japan’s 800+ consumer lending organizations in collaboration with Fujitsu FIP Corporation.

About Fair, Isaac

Fair, Isaac is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company’s predictive modeling, decision analysis, intelligence management and decision engine systems power more than 14 billion decisions a year. Founded in 1956, Fair, Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce risk and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair, Isaac’s analytic solutions, as do insurers, retailers, telecommunications providers and other customer-oriented companies. Through the www.myfico.com Web site, consumers use the company’s FICO(R) scores, the standard measure of credit risk, to manage their financial health. For more information, visit www.fairisaac.com.

About The Japan Research Institute, Limited

The Japan Research Institute, Limited, is a Tokyo-based leading management consulting organization and systems integrator. Originally established as a systems integrator for the banking industry, the company now also offers management consulting and policy research. JRI has about 2,400 employees.

Details

Providian 4Q/01

Providian Financial announced Thursday it is rescheduling its fourth quarter and full year 2001 earnings results from today to February 7th. However the sub-prime credit card specialist released its credit card portfolio report which shows a 23% jump in U.S. receivables over the past 12 months, and a 4.4% increase over the third quarter. Providian’s 4Q/01 receivables were $32,851,000,000 according to CardData. The issuer also reported 19,052,000 active accounts for the final quarter of 2001. The top ten issuer says it is finalizing key components of its new capital plan with regulators and thus the reason for the delay. Providian’s stock was the worst performer in the ‘S&P’s 500’ index last year, falling more than 90%. For complete details on Providian’s current and past performance visit CardData (www.carddata.com).

PROVIDIAN 5-YEAR HISTORICAL
4Q/01 4Q/00 4Q/99 4Q/98 4Q/97
RECV: $32.9b $26.7b $18.7b $11.6b $7.8b
Q VOL: $ 7.8b $ 7.6b $ 6.2b $ 3.7b $ 2.6b
ACCTS: 19.1m 16.3m 12.4m 7.6m 6.2m
Source: CardData (www.carddata.com)

Details

OPC Signs PA

Official Payments Corporation announced the signing of an agreement with the company’s 21st state client, the Commonwealth of Pennsylvania.

The agreement authorizes Official Payments to provide a service enabling Pennsylvania taxpayers to make credit card payments for personal income taxes. Beginning March 1, 2002, such payments may be made via the Internet at www.officialpayments.com or over the telephone by calling 1-800-2PAY-TAX. Last year, the Commonwealth collected approximately $1.9 billion in personal income taxes, and is the country’s seventh largest state in terms of tax collection.

“The credit card payment option is the next logical step in Governor Mark Schweiker’s Friction-Free E-Government program,” said PA Department of Revenue Secretary Larry P. Williams. “Pennsylvania already offers electronic filing through the Internet (pa.direct.file), telephone (TeleFile), and authorized software (e-file) options. Adding the ability to pay by credit card will help us make the tax payment process even more convenient for our taxpayers.”

“With the addition of Pennsylvania, Official Payments now serves seven of the top ten tax collecting bodies in the United States,” said Thomas R. Evans, Chairman & CEO of Official Payments. “This is a wonderful addition for us as we begin collecting balance-due payments for tax year 2001. More and more citizens are discovering the convenience, cash management, and rewards benefits of paying their taxes by credit card.”

For the coming tax season, Official Payments will charge Pennsylvania taxpayers a convenience fee of 2.5% for processing their credit card transactions. For example, a taxpayer who charged a balance due tax of $1,000 would find a total of $1,025 on his or her credit card statement: $1,000 for the tax bill and $25 for the convenience fee. American Express, Discover Card, and MasterCard are the credit cards accepted by the program. Taxpayers using credit cards with bonus rewards programs may, depending on their card’s program, earn rewards, points, and airline frequent flyer miles or cash back for paying their taxes.

About Official Payments Corporation

Founded in 1996, Official Payments Corporation (Nasdaq: OPAY) is the leading provider of electronic payment options to more than 1,000 government entities in all 50 states. The company has agreements to collect and process credit card payments with the IRS, 21 state governments (AL, AR, CA, CT, IL, IN, IA, KS, MD, MN, MS, NJ, NY, OH, OK, PA, RI, VA, WA, WI, and WV), the District of Columbia, and more than 1,000 counties and municipalities. The company’s principal business is enabling consumers to pay their government taxes, fees, fines, and utility bills by credit card, via Internet and telephone. In 2001, Official Payments collected and processed more than one million transactions totaling $1.2 billion in federal, state and local government payments. Thomas R. Evans, the former President & CEO of the Internet company GeoCities, became Chairman & CEO of Official Payments in the summer of 1999. Mr. Evans brought Official Payments public in November of 1999, raising $80 million in its IPO on the NASDAQ national market.

Details

MEA PRESIDENT

MasterCard International has appointed Sonny Sannon as regional president for Middle East/Africa.
He will have responsibility for building MasterCard’s business in the region, and will report to Alan Heuer, senior executive vice president of MasterCard’s Global Customer Group.

The Middle East/Africa (MEA) region is one of MasterCard’s key regions, encompassing Middle East/North Africa and South Africa sub regions. It is a key geographic element in the company’s Global Customer Group, which focuses on delivering the highest quality member services and support in the payments industry.

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, moving MasterCard’s operations closer to its customers, and reinforcing the company’s commitment to further development of the region and its e-commerce initiatives.

Sannon, a 15-year veteran of MasterCard, had been senior vice president and general manager 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, where he held several key positions, including general manager for Travel-Related Services for India and area countries.

“Sonny built an exceptional record of success in Southeast Asia, where he grew MasterCard’s business by close to 300% in the three years he had responsibility for the area,” said Alan Heuer. “He was also instrumental in establishing the Centers of Excellence in Asia/Pacific, and built very strong teams in both South East and South Asia. We want to thank Don Van Stone for all his contributions to MasterCard, and look forward to having Sonny build on the success we have achieved in the region.”

“I was privileged to be part of the team which built MasterCard leadership in the Asia/Pacific region,” Sannon said. “I am keen to leverage this experience and expertise to make MasterCard the payments leader in the dynamic Middle East/Africa markets.”

Sannon holds an honors degree in physics and a Masters degree in business administration, both from Delhi University.

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. MasterCard can be reached through its World Wide Web site at http://www.mastercard.com.

Details

JCPenney Expands Check System

LML Payment Systems Inc. announced that national retailer JCPenney has migrated an additional 267 stores to LML’s electronic check re-presentment and recovery program, increasing total participation to 1,027 stores.

“We have been electronically re-presenting checks for many of our clients for some time now. We are happy to say that electronically re-presenting checks has resulted in recovery improvement, in some cases, of over 55% for large and small clients alike. In addition to improving check processing efficiencies, these programs allow our clients to benefit from improved check recovery cashflow. Our goal is to allow all of our clients to free up management time to focus on other consumer value-related issues that impact their customers. At the end of the day, the savings and efficiencies our clients receive regarding increased control over check recoveries are ultimately passed on to their customers,” explained LML Payment Systems Corp.’s Executive Vice-President, Kat Frey.

Under the program, our clients instruct their depository banks to send all paper check returns to LML for electronic processing, and, if required, traditional recovery methods.

“As retailers experience the efficiencies and cost savings associated with electronic check re-presentment, we expect that the benefits of electronifying the paper check even earlier in the transaction process, such as at the point-of-sale, should be as overwhelming as they are obvious. While we see RCK programs as an intermediate step towards retailers realizing the full potential of electronic check processing, we believe these successful initiatives clearly demonstrate the ship is away from the dock regarding retailer adoption of the technology,” said Patrick H. Gaines, LML’s President and CEO.

The Corporation, through its subsidiary LML Payment Systems Corp., is a financial payment processor providing check processing solutions including Electronic Check Conversion (whereby paper checks are converted into electronic transactions), electronic check verification, electronic check re-presentment (whereby returned paper checks are re-presented for payment electronically), and primary and secondary check collection to supermarkets, grocery stores, multilane retailers, convenience stores and other national, regional and local retailers. We also specialize in providing selective routing, including real-time monitoring of check, debit, credit and EBT transactions for authorization and settlement through our flagship transaction processing product REPS (Retail Electronic Payment System). The Corporation’s intellectual property estate, owned by subsidiary LML Patent Corp, includes U.S. Patent No. 6,283,366 regarding corporate checks and electronic fund transfers (EFT), in addition to U.S. Patent No. 6,164,528 regarding Internet checking transactions, and U.S. Patent No. 5,484,988 which describes a “Checkwriting Point of Sale System” which, through a database and authorization system, provides and administers various electronic payment services for customers and businesses. Also included in our intellectual property estate is a recently received Notice of Allowance from the United States Patent and Trademark Office for a new patent based upon United States Patent Application Serial No. 09/851,609.

Statements contained in this news release which are not historical facts are forward-looking statements, subject to uncertainties and risks. For a discussion of the risks associated with the Corporation’s business, please see the documents filed by the Corporation with the SEC.

Details

FNB Marin Selects CollectionsX

CollectionsX, an e-receivables company that provides practical, web-based technology for maximizing the value of delinquent/charged-off assets, announced that its next generation recovery platform, XRecovery, has been selected by First National Bank of Marin.

FNBM is a leading issuer of nonprime bankcards in the U.S., providing partially-secured credit cards as well as personal and corporate certificate of deposit accounts. FNBM will benefit from XRecovery’s seamless integration with FNBM’s card-processing environment, combined with its advanced, web-based portfolio analysis, decisioning, performance reporting and account processing tools.

“With XRecovery, FNB Marin gets a suite of practical, easy to use management tools to route charge-offs, determine the performance levels of our agencies and maximize recoveries through an information-rich solution,” said FNB Marin SVP & Director of Collections, Russ Jakubowski. “XRecovery offers us a proven agency management engine with the latest web-based interface.”

“With XRecovery, FNB Marin will be able to execute a more flexible, more sophisticated, more responsive recovery management strategy with just a few clicks of a mouse,” said CollectionsX CEO Alec Smythe.

About CollectionsX

Based in Atlanta, CollectionsX is an e-receivables company that provides practical, low-cost technology for maximizing the value of delinquent/charged-off assets. Through its web-based technology, CollectionsX leverages the power of the Internet to provide the collections industry with better decisioning tools, more efficient processes and increased flexibility. Through its partnership with CyberStarts, its investors include First Data, Marsh & McLennan, and Wachovia.

Details

eFunds Buys Hanco ATMs

eFunds Corporation, a leading provider of electronic payment, risk management, and related information technology and business-process-improvement services, announced its purchase of certain ATM assets from Hanco Systems Inc., an Atlanta-based, independent provider of ATM services.

Hanco Systems manages an ATM network and provides sales and service for more than 2,500 ATMs in 30 states. eFunds is acquiring all of Hanco’s U.S.-based owned or leased ATMs and merchant contracts. With this acquisition, eFunds will now operate, manage and drive more than 11,000 ATMs in all 50 states and Canada. Hanco Systems has a strong presence in the Midwest and Southeast, which is expected to enhance eFunds’ existing ATM network in those growing regions.

eFunds plans to consolidate the Hanco Systems ATM network into its Access Cash business over the coming months.

“Adding Hanco’s U.S.-based ATM machines to our existing Access Cash network of off-premise ATMs is an important part of our strategy to build an integrated system of ATM services, which includes sales, management, branding and advertising,” said Gus Blanchard, Chairman and CEO of eFunds. “We believe there is untapped opportunity in ATM services and merchant processing among networks, financial institutions and retailers. We intend to expand the terminal network, and at the same time, improve the profitability of the machines already deployed.”

eFunds anticipates that the transaction will be accretive by the end of 2002.

“We look forward to the opportunities our new relationship with eFunds presents,” said Tom Hannon, president and CEO of Hanco Systems. “We believe this acquisition is good for the industry and for Hanco Systems’ and eFunds’ customers.”

About eFunds

eFunds delivers innovative, reliable and cost-effective technology solutions to meet its customers’ payment and risk management, eCommerce and business-process-improvement needs. eFunds provides its services to financial institutions, financial services companies, electronic funds networks, retailers, government agencies, eCommerce providers, and other companies around the world.

About Hanco Systems Inc.

Hanco Systems Inc. is a family-owned and -operated company that has been in the ATM sales and service business for about 10 years. It provides products and services to the ATM market in more than 30 states across the United States from eight central locations.

Details

iDine Stock

Transmedia Network said Thursday it is changing its name to iDine Rewards Network Inc. effective today. As a result the Company will offer a ticker symbol for common shares of iDine Rewards Network as ‘IRN’ and the Series A preferred stock will trade under the symbol ‘IRN Pr A’. iDine Rewards Network Inc. offers its members a dining savings and rewards programs at more than 7,500 restaurants throughout the USA via a registered credit card. The Company currently has 10 million credit cards registered through 7.7 million enrolled accounts. The savings are offered through the Company’s dining programs, either branded under the name ‘iDine’ or provided through co-branded and private label partnerships, such as airline frequent flyer programs, club memberships or other affinity organizations. ‘iDine’ members can also access personalized, real-time restaurant listings, special dining incentives and more information via the idine Web site.

Details