MOBILE COMMERCE Group of Morocco has adopted a solution from 724 Solutions Inc. to
power its planned mobile commerce offering. In a first North-African
implementation for the company, 724 Solutions is
integrating its award-winning financial services applications with Ericsson’s
Mobile Commerce Platform, to deliver mobile commerce services to a marketplace
of four million consumers. — the holding company of BMCE Bank (Banque Marocaine du Commerce
Exterieur) and 20 percent holder of Moroccan GSM operator Meditel — will
initially be offering mobile banking and brokerage services to consumers
through BMCE Bank, Morocco’s second-largest financial institution.

“We decided to work with 724 Solutions for many reasons, but it was the
scalability of the solution to meet with high subscriber potential and its
focus on mobile network operators,” said Joao Urbano, Director of Mobile
Internet Services Ericsson North Africa. “Right from the outset, our policy
been to work only with best-of-breed partners and 724 Solutions is recognized
as being the leader in its field.”

According to Africa Telecom, Morocco has more than four million mobile
subscribers and accounts for approximately 20 percent of the total
North-African mobile subscriber base. In fact, over the last year, the
subscriber base grew by 176 percent — the third fastest expanding mobile
marketplace in the world.

“This marks an important footprint for 724 Solutions as we enter the growing
North African market, extending our applications and solutions to meet the
needs of and its Moroccan users,” said Chris Erickson, Managing
Director of 724 Solutions-EMEA. “724 Solutions and Ericsson have successfully
brought our respective wireless solutions together to deliver a secure mobile
financial transaction platform for the first of what we hope will be numerous
joint customers in countries around the world.”

About 724 Solutions Inc.

724 Solutions Inc. (Nasdaq:SVNX) (TSE:SVN) is a leading provider of mobile
Internet infrastructure software and applications. It makes m-business happen
globally by powering the delivery of secure mobile transactions for financial
institutions and mobile operators. With dual headquarters in Toronto, Canada,
and Austin, Texas, the company has development and sales offices around the
world. For more information, visit


FDC Acquires STV Firm

First Data Corp., a leader in electronic commerce and payment services, announced that it has acquired Gift Card Services, Inc., a provider of stored-value gift cards to small and mid-sized retailers. Financial terms were not disclosed.

Formed in 1994, Tulsa-based GCS offers a wide range of gift card services including 24 hour client support and proprietary software featuring database management, customized reporting and on-line transaction processing. GCS gift cards are reloadable and are offered in either fixed or variable denominations. GCS allows the small to mid-sized retailer to create customized gift card programs, eliminating many of the expenses involved in operating an in-house, paper-based gift certificate program.

The acquisition of GCS will complement First Data’s ValueLink(R) gift card business. Already a leader in stored-value card programs, ValueLink currently serves large national and regional merchant accounts. The addition of GCS strengthens First Data’s position in the gift card business by tapping into a new market segment.

“The depth and breadth of First Data’s experience in stored-value will be a real benefit to GCS, allowing us to grow our business and expand our market share,” said Byrne Webb, chief executive officer, GCS. “Teaming with First Data means that GCS will have access to a wide variety of additional resources. This will allow us to offer our customers a broader range of services, giving small to medium-sized companies the same advantages currently available to large retailers in the stored-value market.”

“The stored-value/gift card business is an emerging market with potential for explosive growth,” said Michael Yerington, president, Western Union North America, the First Data subsidiary that manages the ValueLink and GCS businesses. “The addition of GCS to the First Data family of businesses allows us to leverage their expertise in the small to mid-sized merchant market with our experience in managing larger, national accounts. Its complementary capabilities and strengths make GCS a great fit for our business.”

About First Data

First Data Corp. (NYSE: FDC), with global headquarters in Denver, powers the global economy. Serving approximately 2.6 million merchant locations, more than 1,400 card issuers and millions of consumers, First Data makes it easier, faster and more secure for people and businesses to buy goods and services, using virtually any form of payment: credit, debit, smart card, stored-value card or check at the point-of-sale, over the Internet or by money transfer. For more information, please visit the company’s Web site at [][1].




Shell Canada Products announced the
launch of its new easyPAY payment technology at participating Shell retail
sites in Winnipeg.

Shell easyPAY uses a microchip embedded in a tag that fits on a key ring.
It communicates with a pump-mounted receiver to automatically bill fuel to the
customer’s chosen credit card and instantly record AIR MILES(R) reward miles.

With a free Shell easyPAY key tag, customers can drive to participating
Shell retail sites, present their key tag in front of the easyPAY symbol on a
pump and fill up without swiping a credit card. The easyPAY is fast, simple
and secure. EasyPAY transactions never transmit personal information.
Customers can identify participating sites by the easyPAY logo on Shell
station signs.

“Shell conducted extensive research that revealed speed and convenience
are becoming increasingly important for consumers purchasing gasoline,” says
Terry Blaney, Shell Vice President, Marketing. “We designed easyPAY to meet
the needs of consumers who want to have a simple, quick and efficient
experience when fuelling up,” he added.

Customers have three options when applying for their free easyPAY tag.
They can apply online at,
up an application form at
participating Shell retail sites in Winnipeg or by calling 1-877-EASYPAY.

easyPAY fact sheet follows.

Shell easyPAY Fact Sheet

– With a Shell easyPAY(TM) key tag, consumers can drive to participating
Shell stations, present their personally programmed key tag in front of
the easyPAY sign on a pump and fill up without swiping a credit card.
– Shell was the first gasoline retailer in Canada to introduce this
– Using a microchip embedded in a tag that fits on a key ring, easyPAY
communicates with a pump-mounted receiver to automatically charge fuel
to the consumer’s chosen credit card and instantly record AIR MILES(R)
reward miles.
– easyPAY completely eliminates the need for credit cards and AIR MILES
Collector Cards.
– Credit card number transmission cannot be intercepted when using
easyPAY. The Shell easyPAY systems operates on a dedicated, secure
radio frequency. All that is ever transmitted is the unique
identification number that associates the tag with the customer’s
account information. The number is connected to account information
only once the encrypted transaction reaches Shell’s secure computer
system. Personal information is never transmitted. Industry Canada
approves the easyPAY transmission system.
– easyPAY provides extra security as customers do not need to expose
wallets or purses during a fuelling transaction.
– Participating stations in Winnipeg, London, Toronto, Ottawa, Montreal,
Calgary, Edmonton and Vancouver offer easyPAY. A complete list of
participating stations will be provided upon request.

– Participating Winnipeg sites are:

– Portage Ave & Olive Street
– Corydon Avenue & Tuxedo Avenue
– Roblin Boulevard & Dale Boulevard
– St. Mary’s Road & St. Michael Road
– Lakewood Boulevard & Fermor Avenue
– Jefferson Avenue & Adsum Drive
– McPhillips Street & Leila Avenue
– Scurfield Boulevard & Kenaston Boulevard
– Pembina Highway & Dalhousie Drive

– Consumers can apply for their free easyPAY tag online at, in person at
participating Shell stations, or by
calling 1-877-EASYPAY.


LaserCard Deal

Drexler Technology has landed its biggest deal to-date for its multi-biometric ID cards. Under a U.S. government subcontract through VA-based Information Spectrum, Drexler received a $10.4 million order for its ‘LaserCard’. The new order is part of an $81 million government procurement program for optical memory cards used for INS “Green Cards” and Department of State “Laser Visas.” Under the five-year U.S. government subcontract, awarded to the Company in June 2000 for up to 24 million ‘LaserCard’ optical memory cards, approximately 9,020,000 cards have been ordered thus far, including yesterday’s order.



Fincentric Corporation, a leading global
provider of wealth management and next generation banking software,
announced that the company’s board of directors has appointed Nick
Mancini, President and CEO of Assante Canada, to its board of directors.
Assante Corporation is a provider of integrated wealth and life
management services. As President and CEO, Mr. Mancini leads a network of
1,500 advisors and manages a staff of 550 employees who work in the areas of
sales and marketing, advisor recruitment, operations, information
technology, finance and human resources.

Prior to Assante, Mr. Mancini held senior executive positions in the
financial services and information management industries. He held the
position of Executive Vice President at Trimark where he was responsible for
sales, marketing and business development. Prior to that position he led the
retail group at Canada Trust as Executive Vice President, and before that
was President and CEO at Dun & Bradstreet’s information services’
international group responsible for Asia Pacific, Canada, Latin America as
well as two U.S. divisions. He also held a number of senior executive
positions at American Express including Senior Vice President and General
Manager of the financial services group.

Mr. Mancini is a board member of York University’s MBA program, and Rand
Technologies. He has also served on the board of American Express Bank, and
the advisory board of CIBC Card Services. As a graduate of York University
in Toronto, Mr. Mancini holds an honours B.A. in Economics and a Masters in
Monetary Economics. He is a Ph.D. candidate in Monetary Economics and

“Nick brings to our board high caliber management experience in financial
services, wealth management and IT,” said Mike Cardiff, Fincentric’s
President and CEO. “He will be a key asset as we plot our course towards
becoming the dominant player in wealth management technology.”
Regarding his appointment to the Fincentric board, Mr. Mancini said,
“Fincentric’s strategy and product offerings are extremely well positioned
for the evolving financial services market. The company’s mission is
centered on providing a whole new level of analytical support and value to
wealth management relationships by focusing on both service and
profitability enhancements.”

About Fincentric

Fincentric is the leading developer of wealth management software solutions
for the global banking industry. Fincentric’s i-Wealthview(tm) wealth
management software products include ‘next generation’ core banking,
Customer Value Management(tm), data aggregation, Internet & wireless
financial portals and full multi-channel support. Its revolutionary Customer
Value Management(tm) capabilities provide profitability and relationship
analysis that allow financial institutions to recognize the value of each
customer, and maximize their profitability. Fincentric products enable
financial institutions to quickly deploy solutions for their converging
financial service offerings, while also supporting capabilities for
increasing customer profitability, customer acquisition, and retention.
Fincentric has more than 300 customers worldwide, and has strategic
relationships with Microsoft, Compaq, and other international partners. For
more information, visit Fincentric’s home page at


Tidel PayPort

Tidel Technologies, Inc. and CashWorks, Inc., a financial technology solutions provider, announced the execution of a strategic license, development and deployment agreement to distribute CashWork’s ground-breaking automated check-cashing system, PayPort. As part of the arrangement, Tidel also agreed to invest $500,000 in the form of convertible debt of CashWorks, in exchange for certain marketing rights and future income payments. Mark K. Levenick, COO of Tidel, said, “The U.S. market for non-bank financial services is estimated to exceed $30 billion annually. This alliance with CashWorks facilitates Tidel’s entry into this exciting arena and enables us to expand our horizons beyond hardware manufacturing. It also differentiates our mainstay products from the competition, and provides our distributors with a value-added revenue stream to offer their customers.”

The parties commenced the first pilot test last week, and expect to install up to a total of twenty-five (25) pilot locations before full deployment begins in the marketplace later this year. The technology is designed for use at both new ATM installations and the more than 155,000 ATMs currently installed in non-bank locations in the U.S.

Ken Rees, President of CashWorks, said, “We are excited to partner with Tidel, and we believe their technical expertise and sales support will allow us to quickly expand our network of locations offering the PayPort system. Our check-cashing system, which is unique, cost-effective and, most of all, simple to own and operate, has eliminated the need for expensive, special purpose machines or brick-and-mortar check-cashing locations.” According to Levenick, “Check-cashing services typically generate fees that far exceed those for cash withdrawals at an ATM, and now they can be conducted in about the same time. Any retail location with a Tidel ATM can substantially improve its profitability overnight with the simple addition of a point-of-sale terminal. In addition, we expect that the increase in fee income offered by PayPort will broaden the base of potential ATM locations by including some locations that couldn’t otherwise be profitable with an ATM alone.” Levenick added, “We believe that CashWorks, Inc. has the technology and management team to become a significant player in this space. We have structured our financial relationship so that we can convert our debt into a new issue of preferred stock of CashWorks upon the achievement of certain milestones.”

The PayPort system allows any retailer with an ATM to provide check cashing and other non-bank financial services, such as payday advance loans and money transfers, through the addition of a PayPort point-of-sale terminal at the counter. The PayPort terminal will be used by a store clerk to scan the check and identify the customer, and automatically authorize the retailer’s ATM to dispense an amount of cash for payroll and government checks up to $1000 per check.

CashWorks, Inc., headquartered in Dallas, Texas, is a technology solutions provider to the non-bank financial market. Formed in July 2001, the CashWorks management team includes several pioneers of automated check cashing. Mr. Ken Rees, President of CashWorks, previously served as Chief Operating Officer and Executive Vice President of Business Development for InnoVentry Corp. Jointly owned by Wells Fargo, Capital One Financial Corp. and Diebold Incorporated, InnoVentry deployed approximately 1,500 advanced function check cashing machines under the RPM brand. Mr. Michael C. Stinson, Chairman of CashWorks, was a co-founder of Mr. Payroll, an InnoVentry predecessor that developed the world’s first self-service check-cashing machine.

Tidel Technologies, Inc. is a manufacturer of automated teller machines and cash security equipment designed for specialty retail marketers, and pioneered the dial-up ATM in 1992. To date, Tidel has sold more than 35,000 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 [][1].




Atmel Corporation announced the strengthening of its partnership with
Gemplus, to promote the new monolithic GemCore Pro smart card interface,
which integrates, the new Atmel T83C5121 microcontroller into their one-chip
secure smart card reader.

The improved GemCore one chip solution based on T83C5121 Atmel
offers set-top box, PDA, EFT-POS terminal and mobile phone manufacturers a
unique opportunity to quickly and easily integrate a universal smart card
interface into their devices.

GemCore architectures have all received mandatory certifications for
payment from EMV (Europay, MasterCard, Visa), ZKA (Zentraler Kreditausschuss,
for the German GeldKarte e-purse system), Mondex, GIE Cartes Bancaires and
Microsoft’s Windows Hardware Quality Labs (WHQL) to name but a few. Smart card
based applications allow unrivaled security and are thus perfect for
secure payments and transactions from any communicating equipment.

The Atmel T83C5121 integrates a 16-Kbyte on-chip ROM memory, a DC/DC converter
with very high efficiency (75 up to 98%), an ISO7816 UART for easy data
transfer to the card and dual slot capability to address another card (3 volt
SIM card). The DC/DC converter powers the inserted card with the appropriate
voltage (5, 3 or 1.8 volt) regardless of the input voltage. The T83C5121 also
includes a unique power management unit which handles wake up, reset and power
fail. Power down consumption has been optimized to 20 microampere maximum for
mobile applications.

In addition, the T83C5121 contains all the improvements of Atmel’s new C51
core, especially the X2 feature which helps reduce electro-magnetic emissions,
by dividing the crystal frequency by two, while maintaining the same computing
power. For ESD protection card I/O’s have been especially designed to be
resistant to 4,000 volts.

Manish Vadher, marketing director for Standard Microcontrollers at Atmel said,
“GemCore including T83C5121 is a definitive step forward in the innovation of
smart card reader applications helping to reduce time to market for our

Alexandre Lorenzi, Smart Card Interfaces Division director at Gemplus
confirmed, “This cooperation will develop business for both companies in the
fast growing smart card interface market. Gemplus’ expertise in smart card and
Atmel’s knowledge of the consumer and telecom markets will help to develop and
promote the right solutions at optimized costs, opening consumer
electronics to
the promising world of smart card based applications.”

A full set of support tools is also available. It includes a hardware emulator
and a software compiler/simulator and starter kit. Available in industrial and
commercial temperature range, the T83C5121 is packaged in SSOP24, PLCC52 or

Samples with GemCore firmware, complete integration documentation as well as
Gemplus expert services to ensure a smooth certification process will be
available from Gemplus in Q1 2002. Production in volume will start in Q2 2002.
GemCore including T83C5121 achieves a significant 30% cost reduction which has
already convinced major consumer electronics goods manufacturers to select
GemCore as their preferred smart card interface solution.

About Atmel

Founded in 1984, Atmel Corporation is headquartered in San Jose, Calif., with
manufacturing facilities in North America and Europe. Atmel designs,
manufactures and markets worldwide, advanced logic, mixed-signal, nonvolatile
memory and RF semiconductors. Atmel is also a leading provider of system-level
integration semiconductor solutions using CMOS, BiCMOS, SiGe, and high-voltage
BCDMOS process technologies.


Certegy 4Q/01

GA-based Certegy reported fourth quarter net income of $26.5 million on revenue of $232.7 million. Card Services generated revenue of $146.2 million in the fourth quarter, an increase of 6.3% over the prior-year quarter. Card Services’ operating income grew by 5.1%. During the fourth quarter, Certegy added approximately one million cards internationally, increasing its international card base to 20.2 million and its global card base to 41.7 million. For complete details on Certegy’s 4Q/01 performance visit CardData ([][1]).




The Board of Directors of ICICI
Bank Limited, at its meeting held at Mumbai today, approved the
audited accounts of the Bank for the nine months ended December 31, 2001
(Apr-Dec 2001). The Board of Directors has approved an interim dividend of Rs.
2.00 per share, subject to the approval of Reserve Bank of India (RBI). The
Board also approved the unaudited US GAAP financial statements of the Bank for
Apr-Dec 2001. Consequent to the amalgamation of Bank of Madura Limited with
ICICI Bank effective March 10, 2001, the financial statements for Apr-Dec 2001
reflect the operations of the merged entity.


The highlights of ICICI Bank’s performance during Apr-Dec 2001 compared to the
nine months ended December 31, 2000 (Apr-Dec 2000) are:

— Profit after tax as per Indian GAAP increased 82% to Rs. 201 crore;

— Return on average net worth increased to 19.33% (annualised) from 12.25%;

— Earnings per share increased to Rs. 12.19 (annualised) from Rs.7.50; and

— Net income as per US GAAP increased 77% to Rs. 175 crore.

– Results under Indian GAAP

The profit after tax increased 73% to Rs. 70 crore in the quarter ended
December 31, 2001 (Q3-2002) from Rs. 41 crore in the quarter ended December
2000 (Q3-2001). The profit after tax increased 82% to Rs. 201 crore in Apr-Dec
2001 from Rs. 111 crore in Apr-Dec 2000. Net interest income increased 61% to
Rs. 449 crore from Rs. 279 crore. Operating expenditure increased 106% to Rs.
439 crore from Rs. 213 crore, primarily due to the expenses on refurbishment
and automation of branches after the acquisition of Bank of Madura Limited.

Progress on Merger of ICICI Limited (NYSE: IC), ICICI Personal Financial
Services and ICICI Capital Services with ICICI Bank

The progress on the merger has been in line with the expected timeframe. The
Scheme of Amalgamation (`the Scheme”) has been filed with the High Court of
Judicature at Bombay and the High Court of Gujarat at Ahmedabad. An
Extraordinary General Meeting of ICICI Bank shareholders has been convened on
January 25, 2002, and of ICICI shareholders on January 30, 2002, to consider
the Scheme. Discussions with RBI on the proposal for the merger and the merged
entity’s compliance with regulatory norms applicable to banks are in progress.
Plans for integration of the operations of the four companies are also
progressing satisfactorily. As provided in the Scheme, the Appointed Date for
the merger shall be March 30, 2002, or the date from which RBI’s approval
becomes effective, whichever is later.

Business Review

Total deposits increased to Rs. 22,920 crore at December 31, 2001, from Rs.
17,515 crore at September 30, 2001 and Rs. 16,378 crore at March 31, 2001.
Retail deposits continued to constitute 60% of total deposits at December 31,
2001 (61% at March 31, 2001), reflecting ICICI Bank’s successful retail thrust
and the benefits arising from the acquisition of Bank of Madura. Savings
deposits registered a robust growth of 130% to Rs. 2,332 crore from Rs. 1,007
crore at December 31, 2000. The average cost of deposits in Apr-Dec 2001 was
7.28% as compared to 7.93% in Apr-Dec 2000.

ICICI Bank has substantially increased its investments in Government
(“SLR portfolio”). At December 31, 2001, ICICI Bank’s SLR portfolio was Rs.
12,732 crore, an increase of Rs. 7,278 crore from September 30, 2001.
The ratio of net non-performing assets (NPAs) to customer assets was 1.36% at
December 31, 2001 compared to 1.44% at March 31, 2001. The provisioning cover
against NPAs was 65% at December 31, 2001. The Bank also maintains a general
provision of 0.50% on standard assets and a provision for operational risks at
0.50% of the paid-up capital. ICICI Bank’s total capital adequacy ratio at
December 31, 2001 was 14.06%, of which Tier I capital constituted 10.99%.

Multi-channel driven retail customer expansion

During Apr-Dec 2001, the Bank added about 1.5 million new customer accounts,
taking the total customer accounts to 4.7 million. To efficiently distribute
its products and services, ICICI Bank has developed multiple access channels
comprising brick and mortar branches, automated teller machines (ATM), call
centers and Internet banking. Currently the Bank has a network of 357 branches
and 44 extension counters. Its network of 731 ATMs is the largest for any bank
in the country. The bank has over one million Internet banking accounts.
Customers in 100 cities can now access account information over the telephone.
These investments in channel infrastructure have enabled ICICI Bank to achieve
rapid growth in its retail business.

ICICI Bank is one of the largest incremental issuers of cards in India, with a
credit card base of over 500,000 and a debit card base of over 430,000. ICICI
Bank now has a total card base of over 2.5 million including ATM cards, credit
cards, debit cards and smart cards. ICICI Bank has also commenced its
business in three cities, and launched two co-branded credit card programmes.

Results under US GAAP

ICICI Bank’s net income increased 77% to Rs. 175 crore in Apr-Dec 2001 from
99 crore in Apr-Dec 2000. Net interest income increased 63% to Rs. 454
crore in
Apr-Dec 2001 from Rs. 279 crore in Apr-Dec 2000.
The summary of the audited accounts for Apr-Dec 2001 under Indian GAAP and the
unaudited accounts under US GAAP are enclosed.

Payment of interim dividend

The Record Date for ascertaining the shareholders eligible to receive interim
dividend, is proposed to be fixed for Thursday, February 28, 2002, subject to
approval of the Vadodara Stock Exchange Limited, the regional stock exchange
for the Bank. The interim dividend would be paid on receipt of the necessary
approval of the Reserve Bank of India.

Appointment of a new Director

The Board of Directors of the Bank has appointed Mr. P. M. Sinha as an
Additional Director on the Board, with immediate effect. Mr. Sinha is the
Chairman of PepsiCo India Holdings Limited and the President of Pepsi Foods
Limited. Mr. Sinha is an alumnus of the Massachusetts Institute of
Sloan School of Management, and has previously worked with Hindustan Lever
Limited. Mr. Sinha brings to the Board wide experience in marketing and
international trade. The Board now comprises 11 Directors, of whom 3 are
whole-time Directors.


ICE 5500 Level 2

Hypercom Corporation (NYSE: HYC), today announced that it has received notification from EMVCo that the ICEä 5500 card payment terminal has successfully passed all EMVCo level 2 smart card test scripts for its standard card payment terminal application. The notification marks the first time that any company has been awarded three EMVCo level 2 certifications. Hypercom s achievement is in line with the company s goal of offering global support and interoperability of mainstream secure chip card technologies.

The tests were conducted by Radio Frequency Investigation, Ltd (RFI), an EMVCo accredited laboratory based in the United Kingdom.

This achievement again demonstrates Hypercom s leadership in delivering the highest-quality, smart card capable software and terminals to the point-of-sale, and we are doing that on a global basis, said Jairo E. Gonzalez, president, Transaction Systems Group, Hypercom Corporation.

Hypercom has already rolled out several large smart card programs in Europe, Asia and Latin America. These include smart card-based credit, debit, stored value, loyalty, ticketing and e-coupon applications. More recently, shipments of smart card-capable ICE terminals have accelerated in the US, where savvy processors have begun preparing for the inevitable arrival of smart cards.

Additionally, the company two years ago remotely upgraded its installed base of card payment terminals in the UK with the latest EMV-certified software applications. This remote upgrade was done from Hypercom s sophisticated and centrally located Term-Master Suite terminal management system and without having to upgrade hardware, further demonstrating the company s ability to keep terminals apace with evolving smart card standards.

In addition to being smart card-ready, Hypercom s high-performance, high security ICE card payment terminals incorporate physical security features and Hypercom s TranSafeä operating system that integrates firewall-protected, multi-tasking, multi-applications functionality, along with EMV chip card capability, a secure PIN pad, secure software downline loading, and built-in HTML/HTTP Web browser.

About EMVCo

EMVCo, LLC, was formed in February 1999 by Europay International, MasterCard International and Visa International to manage, maintain and enhance the EMV Integrated Circuit Card Specifications for Payment Systems as technology advances and the implementation of chip card programs become more prevalent. The formation of EMVCo ensures that single terminal and card approval processes are developed at a level that will allow cross payment system interoperability through compliance with the EMV specifications.

About Hypercom Corporation

Hypercom Corporation (NYSE: HYC) is the leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers, and yield increased profitability for its customers. Hypercom’s products include secure, high performance, Web-enabled card payment terminals that work seamlessly with its networking equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications. The company’s widely-accepted ePOS-infocommerceä (epic) framework of consumer-activated, EMV-certified, touch-screen ICEä (Interactive Consumer Environment) terminals enable acquirers and merchants to decrease costs, increase revenues and improve customer retention.

Headquartered in Phoenix, Arizona, Hypercom is independently acknowledged as the leading provider of point-of-sale card payment terminals. Demand for Hypercom’s terminals surpassed one million units last year alone. Hypercom today maintains an installed base of more than 5 million terminals in over 100 countries, which conduct over 10 billion transactions annually.



NanoPierce Card Technologies
GmbH, a subsidiary of NanoPierce Technologies, Inc., announced
that Mr. Richard Lancaster joins the subsidiary, effective February 1,
2002, as Chief Financial Officer.

He will manage and further develop the company’s financial and management
reporting, costing and business planning and will be responsible for several
key internal projects. Mr. Lancaster will report directly to Dr. Michael E.
Wernle, CEO and President of NanoPierce Card Technologies GmbH.

Mr. Lancaster has very strong international experience in the management of
technology companies, focusing on financial management. He has a masters
from the University of Cambridge, U.K., in electrical and information
engineering and an MBA degree from the world-renowned INSEAD, Fontainebleau,
France. He started his career in 1988, defining and implementing financial and
sales processes and IT solutions, initially in the U.K. with the pan-European
ICI Chemicals and Polymers Plc and from 1991 with EDS Consulting in
Germany. In
1995 he joined Booz, Allen & Hamilton, a leading international management and
technology consulting firm. Based in Munich, he has been responsible for major
change programs and teams for technology clients throughout EMEA (Europe,
Middle East, Africa) and in the U.S., including implementation of controlling
instruments, financial and strategic business planning and liquidity

Commenting on his new position with NanoPierce Card Technologies, Mr.
said: “I am very impressed by the potential of the NanoPierce technologies,
quality of the team and the results already achieved and foreseeable for the
near future. I look forward to making a major contribution to the firm’s

“Mr. Lancaster’s experience in financial management, technology industries and
in managing key programs will make him an important addition to our team. I am
really glad to have him on board and consider this as another crucial step to
enrich our staff with qualified key personnel,” stated Dr. Michael E. Wernle,
CEO and President of NanoPierce Card Technologies GmbH.

NanoPierce Technologies, Inc., through its two subsidiaries, recently
the initiation of production for smart inlays and WaferPierce(TM) (January
15-16, 2002). Mr. Paul H. Metzinger, President and Chief Executive Officer of
NanoPierce Technologies, Inc., said, “In light of our recent announcements
about production and our stated intention to aggressively capture significant
market share in our strategic markets, Mr. Lancaster’s credentials, expertise
and experience, especially in corporate finance and technology management,
evidence to the semiconductor and financial industries that we intend to
a participant not easily ignored.”

About NanoPierce Technologies, Inc.

NanoPierce Card Technologies GmbH is a 100% subsidiary of NanoPierce
Technologies, Inc., of Denver, Colorado, U.S.A., which is traded on the Nasdaq
stock market (OTCBB:NPCT) as well as on the Frankfurt and Hamburg exchanges
(OTC:NPI). In addition to the 12 patents it owns, NanoPierce has numerous
applications pending, others in preparation, and various other intellectual
properties related to NanoPierce’s proprietary NCS(TM) (NanoPierce Connection
System). This advanced system is designed to provide significant improvement
over conventional electrical and mechanical interconnection methods for
high-density circuit boards, components, sockets, connectors, semiconductor
packaging and electronic systems.
For more information about NanoPierce Technologies, Inc., log on to the
Company’s website at


Trintech Signs PRE

Trintech Group Plc, a global provider of secure payment infrastructure solutions, announced that PRE Solutions, Inc. has selected Trintech as the infrastructure provider of software and hardware for their next generation multinational prepaid transaction processing system.

As part of the agreement, PRE Solutions will use Trintech’s PayWare 9300i terminals and PayWare PrePay Host software to manage the distribution of prepaid cellular services, prepaid long-distance products, prepaid Internet access and other prepay applications in a wide range of retail outlets, known as replenishment points. The Trintech platform will enable PRE Solutions to more efficiently manage the routing and balancing of the rapidly increasing volume of prepay transactions the company processes each day.

In the initial phase, PRE Solutions will deploy Trintech electronic payment terminals in outlets that range from grocery and convenience stores to check cashing locations and gas stations. PRE Solutions expects its replenishment network to grow substantially in the next few years.

Trintech’s highly scalable prepay solution is designed to support a wide range of prepay products including disposable and reloadable schemes. Going forward, Trintech will work closely with PRE Solutions to deploy other prepay applications as the rapidly expanding market for prepay services continues to evolve. These services may include loyalty programs, stored value cards, cable service, utilities, and more.

“Trintech has proven to be an ideal partner for PRE Solutions and we are looking forward to a fruitful on-going relationship,” said Richard Hebert, Chief Technology Officer at PRE Solutions. “Our aim is to provide consumers with an easy-to-use, one-stop environment that meets all of their prepaid replenishment needs. With Trintech’s PayWare technology we can now offer our customers the enhanced services they are requesting.”

“We are delighted to have been chosen by PRE Solutions for the roll-out of this exciting project,” said John Harte, Group EVP at Trintech. “Our end-to-end PayWare infrastructure is ideally suited to the exacting demands of the prepay environment. With multiple applications supported across a variety of retail outlets, we believe PRE Solutions will harness the true potential of the growing prepay market in the US.”

About PayWare PrePay

PayWare PrePay is a comprehensive and proven solution that provides electronic purchase, top-up or replenishment of cellular prepay, long distance calling cards and many other prepaid accounts and services. Currently many prepaid services rely on the distribution of vouchers or scratchcards. PayWare PrePay replaces this costly and inefficient paper-based distribution with an online point of sale solution that improves profitability, reduces theft, requires no stock and improves cash flow throughout the distribution chain. PayWare PrePay enables retailers and merchants to deliver multiple transactions through a single point-of-sale device or terminal. The solution also supports integrated point-of-sale, call center, IVR and Internet prepay transactions.

About PRE Solutions

Based in Norcross, GA, PRE Solutions, Inc. is a leading provider of prepaid transaction processing solutions to retailers and providers of goods and services. To retailers PRE Solutions offers highly profitable, convenient, secure and easy-to-use point-of-sale systems for processing the sales of numerous prepaid products by multiple providers. To providers of prepaid products, PRE Solutions offers cost-efficient access to an international distribution network of replenishment partners and a robust transaction processing system.

The PRE Solutions system features real-time product delivery, transaction accounting and reporting, and accelerated payment transfer-all within the most secure and reliable processing environment in the industry. PRE Solutions’ current prepaid wireless providers include Cingular Wireless, VoiceStream Wireless, AT&T Wireless, ALLTEL and CallPlus. The company also offers prepaid Internet service through Slingshot, Inc., prepaid home telephone service via 1-800-RECONEX and prepaid long-distance from several national providers. PRE Solutions’ lead investor is ITC Holding Company, the primary investment sponsor of a number of successful companies, including Telecom*USA, Powertel, MindSpring, ITC^DeltaCom,, and Knology. PRE Solutions can be contacted at 520 Guthridge Court, Suite 100, Norcross, GA 30092 (Tel: 770-349-2300). PRE Solutions can be reached on the Web at [][1]

About Trintech

Founded in 1987, Trintech is a leading provider of secure electronic payment infrastructure solutions for card-based transactions for physical world commerce, eCommerce and mobile commerce. The company offers a complete range of payment software products for credit, debit, commercial and procurement card applications, as well as being a world leader in the deployment of payment solutions for Internet commerce that are fully SSL and SET� compliant. Trintech’s range of scalable open systems architecture solutions for UNIX® and Windows NT� platforms covers consumer, merchant and financial institution requirements for physical payments and the emerging world of electronic commerce. Trintech can be contacted in the U.S. at 2755 Campus Drive, San Mateo, CA 94403 (Tel: 650-227-7000) and in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: 353-1-207-4000). Trintech can be reached on the Web at [][2].