WAV Mobile Terminals

Dallas-based Fujitsu Transaction Solutions Inc. announced a partnership with WAV Inc. Wireless Outfitters, a West Chicago, Ill.-based value-added distributor of wireless local area networks and mobile computing products. WAV will distribute Fujitsu’s mobile solutions, including its family of TeamPad handhelds and the new Fujitsu iPAD mobile device for retailers, to retail value-added resellers nationwide.

Fujitsu announced the agreement today at the Food Marketing Institute’s (FMI) Marketechnics 2002 trade show, Feb. 3-5, 2002, at the San Diego Convention Center in San Diego, at booth no. 1705. The distribution agreement is effective immediately.

“Fujitsu has great exposure, brand identity and a proven track record in the retail marketplace for route-accounting management and direct store-delivery (DSD) technology,” said Norm Dumbroff, president of WAV. “We are excited to offer Fujitsu’s new iPAD because it provides multiple applications in a single device, including an integrated smart- and magnetic-card reader, scanner, voice over IP (VoIP) and 802.11b wireless LAN capabilities.”

“WAV’s industry reputation as a single-source value-added distributor of wireless and mobile computing products matches perfectly with Fujitsu’s commitment to providing lifecycle solutions that lower a company’s total cost of ownership,” said Ron Omohundro, executive vice president and general manager, North America sales and marketing at Fujitsu. “Unlike traditional distributors, WAV provides added value in technical support, installation and training for its customers, making this a great opportunity to expand the distribution of our mobile solutions, including the new iPAD, to retail resellers across the nation.”

The iPAD, a powerful, compact, Microsoft Windows CE .NET-based mobile device funnels multiple technologies into a single solution, placing power in the hands of retailers everywhere. At 10 ounces, the featherweight iPAD combines devices used throughout the store – scanner, magnetic- and smart-card readers, keypad with encryption capabilities, even phone capability – to give the retailer a complete, wireless retail appliance.

The Fujitsu TeamPad 500 is a Microsoft Windows(R) CE-based handheld device designed for wireless networking in a host of markets. Retailers can use TeamPad 500 as a compact wireless point-of-sale unit with its integrated printer, magnetic card reader and touch-screen display. It is equally adaptable to use for inventory and back-office applications.

About WAV Inc. Wireless Outfitters

WAV(TM) Inc. Wireless Outfitters, located in West Chicago, Ill., has been in business since 1990 and is a full-service value-added distributor (VAD) of wireless LAN and data capturing hardware. WAV’s business model revolves around the fact that the customer always comes first and the upholding of this business model is the main reason why WAV has been named number 57 out of 500 on the Inc 500 fastest growing business list. WAV is the industry’s only single-stop resource providing the depth of knowledge and expert services required to fully address the manufacturers’ objectives quickly and cost effectively. The company performs professional services for its Solution Provider community including site surveys, software and hardware development and integration, custom-rollout kits, installation and technical support. For more information call (800) 678-2419.

Web site: [http://www.wavonline.com][1]

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.wavonline.com/



Certegy Inc. announced that it has successfully converted 146,000 Visa,
MasterCard, and private label accounts for Banco Dominicano del Progreso, in
the Dominican Republic. Certegy will convert Progreso’s American Express
portfolio later this year.

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.

“The Banco del Progreso conversion is our lead venture into the Caribbean
card processing market,” stated Larry Towe, executive vice president and COO
at Certegy. “Banco del Progreso is a strong player in the Caribbean card
market and a progressive financial institution,” added Towe. “We are
delighted to have them as a customer and to service their card and merchant
processing needs.”

Banco del Progreso, a $725 million financial institution, has
approximately 200,000 card accounts and provides merchant card processing
services to over 8,000 retailers in the Dominican Republic. “We are extremely
pleased to begin this relationship with Certegy. Their state-of-the-art
processing solutions and proven international experience made them the clear
choice for our institution’s card and merchant processing needs,” stated Pedro
Castillo, President and CEO at Banco del Progreso.

Within the Caribbean market, there are 18 to 20 million card accounts.
“The addition of Banco del Progreso aligns with our global expansion strategy.
We continue to leverage our existing multiple operating center infrastructure
to service customers worldwide,” concluded Towe.

Certegy provides credit, debit and merchant card processing, e-banking,
check risk management and check cashing services to over 6,000 financial
institutions, 175,000 retailers and 140 million consumers worldwide.
Headquartered in Alpharetta, Georgia, Certegy maintains a strong global
presence with operations in the United States, Canada, United Kingdom,
Ireland, France, Chile, Brazil, Australia and New Zealand.

As a leading payment services provider, Certegy offers a comprehensive
range of transaction processing services, credit risk management solutions and
integrated customer support programs which facilitate the exchange of business
and consumer payments. Certegy employs over 6,300 associates in nine
countries and generated $851 million in revenue in 2001. For more information
on Certegy, please visit


Everest Record

VeriFone announced the shipment of its 300,000th ‘Everest’ payment terminal to Costco Wholesale. The shipment brings VeriFone’s multi-lane terminal installed base to over 500,000 checkouts worldwide, with over 65% market share in US supermarket and chain drug stores. Costco Wholesale ordered over 6,000 units to complete the rollout to all Costco locations nationwide. The ‘EverestPlus’ terminal currently supports 45% of Costco’s transactions with 100% of locations scheduled for completion by the end of February. The ‘Everest’ supports emerging technologies, such as biometrics, smart cards for EMV and loyalty, RFID for contactless payments, and signature capture, demonstrate its flexibility and longevity in the checkout lane.


Greenland Acquires W3M

Greenland Corporation announced the signing of a definitive agreement to acquire W3M, Inc., the parent of Paradigm Cabling Systems, a market niche specialist in data communications and network project management. With revenues of over $5.1 million in the fiscal year just completed, Paradigm provides a variety of engineering and “last mile” installation services to corporate and government customers throughout Southern California including Verizon Communications, SBC/Pacific Bell, UPS, Indyme and the City of Irvine, among others. The transaction, which is valued at approximately $2.93 million plus related transaction costs, has been facilitated using long-term debt, paid in installments over a thirty-six month period. Although basic administrative functions will be consolidated immediately, Paradigm will remain an incorporated subsidiary under Greenland.

Mr. T. A. “Kip” Hyde, Jr., Chairman and CEO of Greenland stated, “Acquiring Paradigm as an internal profit center is a major step towards fulfilling our goal of building a solid infrastructure for Greenland’s transaction processing and software businesses. With Paradigm’s expertise in-house, Greenland’s wholly-owned subsidiary, Check Central will have the ability to obtain favorable network pricing, installation and management services for our MAXcash(TM) ABM(TM) and Check Central Solutions(TM) customers on an as needed basis. Just as important, with this first acquisition, Greenland now has a firm foundation for growing revenues and earnings.”

Located in Yorba Linda, California, Paradigm has 38 employees, with operations throughout Southern California. Paradigm has a proven track record of sales growth, and is a recognized leader in its market segment. Paradigm offers a wide range of communications, network and electrical services for voice, data, video and systems integration. Strategic vendor and certified manufacturer relationships include, Siemon, Tyco/AMP, Ortronics, Leviton and General Cable.

Mr. Hyde continued, “While the bulk of Paradigm’s current revenues are derived from structured cabling installation solutions, the extensive engineering and technical backgrounds of its key employees lend themselves to offering an even greater array of recurring revenue services, for example in comprehensive network design and support. In addition, with the added visibility, assets and administrative resources provided by Greenland, Paradigm will have the opportunity to pursue larger projects and continue to more rapidly expand its core businesses.”

Mr. Mike Cummings, President of W3M, Inc./Paradigm said, “We are very pleased to become part of the Greenland corporate family, and are looking forward to working with the management team. As a result of this transaction, we expect to be able to increase our sales significantly over the next several years, while also providing basic support services to Check Central and other future Greenland acquisitions.”

The transaction is expected to close within thirty-days, subject to auditor review, obligatory regulatory approvals and 8-K filing.

About Greenland Corporation

Greenland Corporation is an information technology holding company, with business and equity interests in network, data and communications systems, data storage and systems integration. Greenland’s wholly owned subsidiary, Check Central, is the developer of the Check Central Solutions(TM) transaction processing system software and related MAXcash(TM) Automated Banking Machine(TM) (ABM(TM)) kiosk designed to provide self-service check cashing and ATM-banking functionality, as well as open platform capability for future products and services. The Company’s common stock trades on the OTC Bulletin Board under the symbol “GLCP.” Visit Greenland Corporation on the Internet at [http://www.greenlandcorp.com][1].

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


Fraud Alert

CT-based Adeptra Inc. and HNC Software have sealed a deal to integrate Adeptra’s 2-way alerting technology with HNC’s decision management software. The unified software can enable card issuers to contact cardholders regarding suspicious transactions via multiple personal communications channels such as phone, email, pager, wireless device, SMS or fax. Once cardholders are reached, the system can automatically capture their verifications or connect them immediately with a fraud agent, depending on the customers’ response. Adeptra raised $40 million in funding in 2000 from a consortium led by Deutsche Bank Ventures/ABS Ventures and including Barclays, FLV, NIB Alpinvest, Advent and ACT.



CIBC launched a new online financial
account aggregation service making it possible for customers to consolidate
and view their financial assets held at CIBC and other online enabled
financial institutions in Canada, the U.S. and the U.K.

The service called “Total View” is initially available to selected CIBC
Imperial Service clients participating in a pilot and will then be rolled out
to this customer segment in the spring. The service provides customers with
secure, one-stop access to their banking, credit card, mortgage, loan and
investment accounts on one screen through CIBC online banking.

“The addition of account aggregation is another significant step in
improving our online banking offer by giving customers convenient access to
and control of their finances,” said Corinne Charette, senior vice-president
of CIBC’s Internet channel, retail and small business banking. “We expect that
those with accounts across multiple financial institutions will value saving
the time and hassle of having to gather their financial information, either
manually or by downloads into personal financial management software, each
time they wish to review their portfolios.”

CIBC uses account aggregation technology from CashEdge, Inc., global
specialists in providing online applications to the financial services
industry. Cash Edge is a privately-held company based in the U.S.

“The Total View aggregation service perfectly complements CIBC’s Imperial
Service offer, which provides smart, simple solutions to clients with complex
financial needs, ” says Peter Jursevskis, director of strategy and
development, CIBC Imperial Service. “It can help clients interact more
effectively with their dedicated financial adviser in building highly tailored
financial planning solutions.”

Customer information will be protected by CIBC’s privacy policy and
security measures that meet all of the bank’s stringent standards.

CIBC is a leading North American financial institution offering more than
eight million personal banking and business customers a full range of products
and services through its comprehensive electronic banking network, branches
and offices across Canada, in the United States and around the world. CIBC is
a leader in electronic banking, with more than 3 million e-banking customers
accessing telephone and Internet banking.


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


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/


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/


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/


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.