Hot Cards

Retail coffee specialist Starbucks reported Thursday it has issued more than 2.3 million gift card cards within the first six weeks of launch. Target’s Retailers National Bank continues to plow along with its new ‘smart VISA’ card, topping 2.0 million cards at year-end, following the issuance of 1.4 million smart credit cards within its first six weeks. The ‘Starbucks Card’ was launched the week after Thanksgiving and is available in any monetary denomination from $5 to $500. The cards are available for purchase and can be reloaded via Starbuck’s physical locations, toll-free phone call or online at the Starbucks Web site. Starbucks also reported Thursday that its holiday sales were up 22% over the previous year. Meanwhile, Target reported it signed up 1.4 million VISA cardholders as of November 3rd with credit limits ranging from $2,500 to $10,000. Target projected 2.0 million active VISA accounts on-file and more than $1 billion in VISA receivables by December 31st. Target has been soliciting the upper tier of its ‘Guest Card’ private label program for the new ‘smart VISA’ card since September. (CF Library 6/20/01; 10/05/01; 11/21/01; 11/28/01)

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Conferences Return

After attendance at industry conferences fell to its lowest level in history following the 9/11 attacks, there is a consensus that travel is off to a strong start in 2002. The collapse in business travel was so significant during the fourth quarter it forced the International Card Manufacturers Association to pull the plug on the ’11th Annual Card Manufacturing EXPO 2001′ scheduled for November in Athens, Greece. However the January calendar of events is full with most events reporting last-minute registrations, according to CardConferences ([www.cardconferences.com][1]). Among the events for this month is the ‘2nd Annual CyberSABOTAGE!’ conference in late January in Miami which will feature speakers from VISA and the U.S. Secret Service. World Research Group is also running its ‘Third Annual One Card Solution Summit’ on January 30 to 31 in Phoenix, AZ. The WRG event will offer case studies involving the assessment of internal processes and the benefits of one card programs, as well as steps required by card managers to effectively assess process costs.

JANUARY CONFERENCE SCHEDULE
EVENT LOCATION DATES
Smart Card Tech India New Delhi Jan7-9
CRM Summit Scottsdale Jan13-17
Identity Fraud Amsterdam Jan24-25
Financial Network Security New York Jan 28-30
One Card Solution Summit Phoenix Jan 30-31
CyberSABOTAGE! Miami Jan30-Feb1
Source: CardConferences (www.cardconferences.com)

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

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TSAI Lowers Forecast

Transaction Systems Architects, Inc. a leading global provider of enterprise e-payments and e-commerce software, announced that it expects revenue for the first fiscal quarter of 2002 to be $65 to $66 million and pro forma diluted earnings per share of $.02 to $.03. Original guidance was revenue of $70 to $75 million and pro forma diluted earnings per share of $.06 to $.12.

“Clearly, technology companies are facing a difficult spending environment,” said Larry G. Fendley, interim COO. “Despite our market leadership position, we are not immune to this worldwide economic slowdown. While we continue to have visibility to good opportunities in the coming quarters, contract closing timeframes are being extended. In this climate, our customers are extremely cautious about their spending.

“We expect our expenses to be below our previously indicated range of $67 to $68 million per quarter,” added Fendley. “In addition, we expect to have excellent operating cashflow for the quarter.”

The company will provide further details regarding its financial performance for the first quarter of fiscal 2002 in its regularly scheduled earnings call, to be held Tuesday, January 29, 2002 at 4:00 pm CST.

About TSA

Transaction Systems Architects’ software facilitates electronic payments by providing consumers and companies access to their money. Its products are used to process transactions involving credit cards, debit cards, secure electronic commerce, mobile commerce, smart cards, secure electronic document delivery and payment, checks, high-value money transfers, bulk payment clearing and settlement, and enterprise e-infrastructure. Transaction Systems Architects’ solutions are used on more than 3,600 product systems in 81 countries on six continents.

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Chang and Silverado

Cyberfast Systems Inc. announced the appointment of a new Chief Technical Officer, Jack C. Chang, to the Board of Directors and the acquisition of the dynamic new “Silverado” technology, which will be proprietary to the company. Today, Cyberfast Systems’ Board of Directors released the resume and appointment of Jack C. Chang as chief technical officer. The company further announced the acquisition of the new dynamic “Silverado” technology developed by Chang. The appointment and acquisition are effective Jan. 2, 2002.

Resume of Jack C. Chang

Chang is an entrepreneur, inventor and businessman with over 25 years of business and technology experience across multiple industries. He has the proven track record of conceptualizing how technologies can benefit the well being of consumers and businesses and transforming his visions into realities. Many of his past endeavors, including the Automated Teller Machine (Chang is the developer and patent holder of the ATM, US Patent No. 3,833,885), still have profound impacts on consumers, businesses and the society. As a multi-disciplined individual, he has held CEO and other corporate-level positions in sales, corporate development and technology in both large and small corporations. His past customers were consumers and businesses at some of the largest Global 500 companies; including Citibank, Coca-Cola Enterprises, American Express, Sears, Visa and Nations Bank/Bank of America, etc. For many of these customers, he had also provided strategic planning advisory support.

Some of Chang’s past achievements include the following:

— Pioneer user and developer on the use of magnetic strip-based data on plastic cards.

— Implemented the first high speed, high volume magnetic strip-based data card-encoding machine.

— Developer and patent holder of the ATM (Automated Teller Machine).

— First person to put ATM’s online to financial institutions’ authorization databases.

— First person to develop an ATM and POS (Point of Sale) network system that can interface to more than one financial institution for financial transaction authorizations.

— Pioneer developer of modern day electronic banking, interchange and settlement systems.

— Early provider of bank wire, Interactive Voice Response and credit card authorization systems.

— Pioneer in putting gasoline dispensers online to authorization networks.

— First person to develop and deploy encryption devices for bank transaction data.

— Developed a GUI based application generator and database system in 1987 and marketed one of the first PC-based bank teller systems and platform systems created by the generator.

— Developed one of the earliest LAN gateway systems interfacing IBM, Unisys and NCR hosts.

— Developed and marketed a business process redesign tool that can analyze business processes and make redesign recommendations.

— Developed a statement management system that combined the need for paper printing, Electronic Bill Presentment, information archiving and viewing.

— Developed and integrated automated customers care management systems that deploy CTI (Computer Telephony Integration), IVR (Interactive Voice Response), Unified Messaging (integrating FAX, voice mail with email) and the Web-based paradigm of doing business.

— Developed a powerful software tool (code named “Silverado”) that can automate, reduce the complexity and rapidly create, change or “re-engineer” intelligent, database-driven Web sites and Internet-based business processes.

— Currently working with multinational Japanese and European industrial giants in developing technologies and applications that synergistically combine the technologies of wireless, Internet, cryptography, smart card and payment systems.

Professional Employment Highlights

Docutel Corp. (1970 – 1977)

In the early 1970s, Chang worked for Docutel Corp. as an electronic engineer, project manager, director of development and in major account sales. He was in charge of and responsible for the development of most of Docutel’s products and, at the same time, was heavily involved in sales. He sold hundreds of ATM’s, including over 100 traveler’s check dispensers, to American Express and was instrumental in the sale of over 1,000 ATM’s in Europe.

Quadstar Corp. (1977 – 1984); Founder and President

Jack Chang founded Quadstar Corp., a builder of EFT transaction switching and processing systems, and sold 110 systems worldwide. In 1984, his successful business had grown to 150 employees when he sold Quadstar to Citicorp, then Quadstar’s largest customer.

Citicorp (1984 – 1987); President of an Operating Corporation within the Headquarters

>From 1984 to 1987, Chang was the head of a Citicorp company with global marketing and sales responsibilities. The revenue generation plans include design and or implementing innovative service delivery infrastructures, such as, encryption, satellite and wireless networks. His marketing and sales endeavors required him to organize and manage a team of U.S. based marketing managers and sales representative, as well as, to coordinate sales activities with regional Citicorp representatives in five continents. During this period, he traveled extensively to close major sales and interacted with high-placed prospective executives of Global 1000 companies.

Itac Corp. (1987 – 1990); Founder and President

In 1987, Chang foresaw the use of PC’s as the platform for bank teller and platform systems and formed Itac Corp. Itac developed an easy to use Windows application generator and, for connectivity, developed and marketed one of the earliest LAN-gateway systems. In 1989, using these tools, Itac created and marketed one of the earliest PC-based bank teller and platform systems and sold the systems to several financial institutions. In 1990, ISC/Bunker Ramo, then the second largest teller/platform system provider, acquired the product line from Itac.

ISS (International Shared Solutions) Inc. 1991 -1998; Founder and President

ISS was a technology and business consulting company. In 1991, to enhance its consulting activities, ISS developed a BPR (Business Process Re-design) tool that can analyze business processes and make redesign recommendations. Chang and his team of technical and business professionals performed business process re-design, management and technology consulting services to Fortune 500 companies.

Global-Vision Inc. (1999 -2001); Founder and President

In 1999, Chang decided to be involved heavily with the Internet and wireless technologies and re-incorporated his operation as Global-Vision. The software products developed under the Global-Vision banner include:

— High volume Laser printer control systems.

— Developed an overall print management system that combined the need for paper printing, Electronic Bill Presentment, information archiving and viewing.

— An advanced Internet/intranet authoring tool (the “Silverado”) that can be used to create not only sophisticated Web sites but also intelligent business process workflow systems.

— Collaborating in the development of wireless technologies and applications with global partners.

Silverado Technology

Cyberfast Systems further announced the acquisition of the “Silverado” technology, developed by Chang. The company has already implemented the process to patent the proprietary “Silverado” technology.

“Silverado” is a user friendly and powerful software tool that can be used by business and technical people alike to rapidly create intelligent, multiple-level business orientated Web pages. Because “Silverado” can help business users to easily create and connect databases to their Web sites, businesses of all vertical industries can rapidly participate in the Internet-based global economy, including e-commerce.

Using a series of proprietary wizards, “Silverado” can prompt the users through the placement of information on the Web pages, the addition of graphics and video clips the overall look and feel of the pages and the inclusion of business rules and logics. At the end of the users specifications, “Silverado” can generate the accurate pre-tested _eb codes without programming from the users in seconds.

“Silverado” can help businesses to achieve cost savings by reducing the need and dependency on programming support, speeding up the time-to-market and enhancing the productivity of business personnel. Because “Silverado” can help create many Intelligent Web applications expediently without needing expensive and extensive technical resources, it can substantially reduce the personnel required within corporate “IT” departments for creation and maintenance of complex Web sites and database applications. “Silverado” can be successfully implemented by either a single proprietor or the largest enterprises desiring the opportunities and vast reach of the Internet. Cyberfast Systems will be publishing more information and Silverado applications on the companies Web site at: [http://www.cyberfastsystems.com][1]

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

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ANZ SMART APPLICATIONS

Welcome Real-time announced
that Axiomatique International, its Asia/Pacific subsidiary, is providing the
loyalty application for ANZ (Australia and New Zealand) Banking Group
Limited’s
multi-application chip credit card system launched last month in Australia.
The total system, which includes cards, terminals and the loyalty transaction
processing system, delivers instant rewards to consumers when using the ANZ
branded cards at selected merchants.

“Starting with instant rewards makes a lot of sense. Consumers will
immediately
see the benefits right at the point-of-payment, giving ANZ the kind of
boost it
wants for its credit card products,” said Tai Toon Lim, CEO of Axiomatique.
“Chip cards are a great credit card marketing tool, because the technology
enables us to continually enhance our card products,” said Brian Hartzer,
ANZ’s
Managing Director, Cards and ePayments. “We decided to start with instant
rewards, and Axiomatique International’s loyalty application and technical
support helped us get to market within our planned timeframes.”
Axiomatique specified the loyalty system architecture, worked with ANZ on the
chip card and terminal applications, and is assisting with integration
developments of the host system with ANZ’s existing credit card systems.
Melbourne-based ANZ is the first major credit card issuing bank in
Australia to
begin converting to chip cards. They announced last November they would
upgrade
one million Visa-branded credit cards and convert 80,000 point-of-sale
terminals to accept chip cards.

About Welcome Real-time

Welcome Real-time’s smart transaction platform enhances payment transactions
with revenue boosting services such as instantly awarded loyalty points,
coupons, punch cards, vouchers, tickets, and cash back — all in a single
convenient payment process.
The company’s patents provide broad protection in Europe, North America and
Asia. More than 17 patent applications cover the ability to dynamically manage
services relating to entries, visits or cumulative spending at designated
merchants, the ability to add and redeem e-coupons from a smart card, or the
use of mobile phones and hand-held devices to perform smart transactions.
Welcome Real-time is headquartered in Aix-en-Provence, France, with offices in
Philadelphia and Singapore.

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Fote at FDC Helm

First Data Corp. announced that Charlie Fote has officially assumed the role of president and chief executive officer of the world’s leading electronic commerce and payment services company. Former chief executive officer, Ric Duques, remains chairman through 2002.

“Everything has fallen into place for this transition to be completed smoothly. My vision for the future builds upon the solid foundation we’ve established under Ric’s leadership,” Fote said. “Continued growth in our core businesses remains our goal as we continue to look for ways to provide efficient and effective payment systems throughout the world.”

Duques served as chairman and chief executive officer from the company’s initial public offering in 1992. Duques joined American Express in 1987, heading the business that would eventually become First Data in the 1992 IPO.

“We’ve built a strong global payments company with consistent, strong operating and financial performance — especially over the last three years under Charlie’s leadership as president and chief operating officer,” Duques said. “I’m proud to have played a role in the development and growth of First Data since its inception. I now look forward to seeing the company achieve even greater success as First Data continues to provide safe and convenient ways for both businesses and consumers to pay for goods and services around the globe.”

“First Data has the most exceptional people you will ever meet,” Fote said. “Our employees know the payments business and have tremendous dedication to ensuring payments happen seamlessly, efficiently and reliably. It’s those values that will take us to new heights.”

“Even though we’re processing billions of transactions today, that’s still only a small portion of the payment transactions taking place around the world today,” Fote added. “We plan to gain a much larger share of the rest of those transactions through international expansion, innovation, strategic partnerships and peerless delivery of our services.”

Fote, who joined the company in 1975, managed many parts of the business, and was named president and chief operating officer in 1998.

About First Data Corp.

First Data Corp. (NYSE: FDC), with global headquarters in Denver, powers the global economy. As the leader in electronic commerce and payment services, First Data serves approximately 2.6 million merchant locations, 1,400 card issuers and millions of consumers, making it easier, faster and more secure for people and businesses to buy goods and services using virtually any form of payment. With 28,000 employees worldwide, the company provides credit, debit, smart card and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; Western Union(R) money transfers and money orders; and check processing and verifications services through the United States, United Kingdom, Australia, Canada, Japan, Mexico, Spain, The Netherlands, the Middle East and Germany. Its money transfer agent network includes approximately 117,000 locations in more than 185 countries and territories. For more information, please visit the company’s Web site at [http://www.firstdata.com][1].

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

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MY-KAD LOYALTY

Welcome Real-time today announced that Axiomatique International, its Asia/Pacific subsidiary, reached an agreement to install the company s XLSmart” loyalty application on all payment terminals that will be used with the new Malaysian Government Multi-Purpose Card known as MyKad. The result will be an infrastructure of XLSmart-ready payment terminals throughout Malaysia, making it easier for banks, merchants and other businesses to issue smart payment cards with the XLSmart loyalty application on them.

XLSmart is Welcome Real-time s open, multi-issuer business model for smart card-based loyalty programs using Welcome Real-time s popular XLS” loyalty system as the underlying technology. XLSmart is the brand and acceptance mark for the loyalty program. The branding concept can be likened to American Express, MasterCard and Visa, three of the most famous brands in the world, because it tells consumers where they can use their XLSmart card and what they can expect, which in this case is instant rewards from participating merchants and issuers.

The Axiomatique XLSmart loyalty solution in Malaysia will store “recency, frequency and monetary value” behavioral data on smart cards issued by program participants, where it can be dynamically updated at each transaction. Direct marketing software in the merchant’s point-of- sale terminal interacts with the behavioral data in the card to deliver targeted rewards. As the rules for giving out rewards are managed on the card and in the terminal, the cardholder can take advantage of them immediately. Costs are reduced because expenses associated with the processing and handling of redemption rewards can be eliminated.

Malaysia is indeed capable of delivering leading edge technologies of worldwide significance, and we at Axiomatique International are very proud to be associated with such an initiative, said Tai Toon Lim, CEO of Axiomatique. With XLSmart installed in the MyKad terminals, Malaysia will have the most cost effective, end-to-end loyalty solution available in this region.

Axiomatique International has been active in the Malaysian marketplace since 1998. Leading international banks in the Asia/Pacific region have chosen AI s loyalty software solution to grow their businesses through more effective marketing campaigns. With their recent merger with French-based loyalty solution provider, Welcome Real-time, they have now emerged as a worldwide leader with proven patented solutions.

Last April, the Malaysian government launched one of the most sophisticated smart card systems in the world, a national ID that also serves as a driver s license, passport and electronic purse. Officials plan for applications that will allow cardholders to securely perform banking and payment transactions, including utility bill payment and cash withdrawal from ATMs as well as digitally sign documents on the Internet.

About Welcome Real-time

Welcome Real-time s smart transaction platform enhances payment transactions with revenue boosting services such as instantly awarded loyalty points, coupons, punch cards, vouchers, tickets, and cash back — all in a single convenient payment process.

The company’s patents provide broad protection in Europe, North America and Asia. More than 17 patent applications cover the ability to dynamically manage services relating to entries, visits or cumulative spending at designated merchants, the ability to add and redeem e-coupons from a smart card, or the use of mobile phones and hand held devices to perform smart transactions.

Welcome Real-time is headquartered in Aix-en-Provence, France, with offices in Philadelphia and Singapore. For additional information please visit our Web site www.welcome-rt.com and www.axiomatique.com.

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Fargo Ribbon Patent

Fargo Electronics, Inc. announced that it has received U.S. Patent 6,325,557 “Identification Code for Color Thermal Print Ribbon.” Fargo is a leading developer, manufacturer, and supplier of desktop systems that personalize and encode plastic identification cards for physical, information and transaction security.

“The new `557 patent covers important features of Fargo’s revolutionary, user-friendly RibbonTraq technology, which is incorporated into Fargo’s High Definition Printing and direct-to-card print ribbons,” said Jeffrey D. Upin, Fargo’s General Counsel.

“The RibbonTraq system uses a digital technique to detect distinct identification marks prior to each ribbon panel or frame on the ribbon. The system avoids printing errors by identifying the installed ribbon and alerting the user if the ribbon is not compatible with the card image to be printed,” Upin noted.

“In addition, the RibbonTraq marks are used to align each color panel for printing and to adjust the printhead controls for ribbon density and other variables. It also quickly calibrates the ribbon without scrolling through numerous ribbon panels, speeding production and eliminating waste. Traditional techniques in the industry have relied upon a single analog sensor to detect a change in color or density within a ribbon panel.

“This patent, which has also been filed overseas, will add to our strong and growing intellectual property portfolio. It further protects Fargo’s proprietary designs, and demonstrates our continued industry leadership in innovations which benefit the end user,” Upin said. “It also defends Fargo’s proprietary supplies, which are an important part of our business. We are very pleased with the patent, which will offer our product lines and distribution partners additional competitive strength.

“Fargo has been granted 18 U.S. patents and has over 50 patent applications pending, related to specific card printer technology such as lamination, card flipping, ribbon technology, High Definition Printing, dual input hoppers and output stackers. Our ability to bring such ideas to the card personalization market gives end users greater flexibility and leads ultimately to Fargo’s strength and growth in the marketplace,” Upin said.

About Fargo

Fargo Electronics, Inc. (NASDAQ:FRGO) is the world’s leader in innovative technologies for desktop plastic card personalization systems. Based in Eden Prairie, Minnesota, Fargo printing systems create personalized plastic identification cards complete with digital images and text, lamination, and electronically encoded information. Personalized identification cards provide physical, information and transaction security for a wide variety of applications including retail stores, e-commerce, government installations, schools, sports and recreation facilities, clubs and associations, and correctional facilities. More than 50,000 Fargo systems are currently installed throughout the U.S. and in over 100 other countries. For more information, visit Fargo’s Web site at [http://www.fargo.com][1].

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

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ASIA SMART CARDS

Amongst the many forecasts in the markets today, all of it rings the same
message: that smart cards are here to stay! Despite worries in the last years
of the impact of the regional economic turmoil, the Asian Pacific smart cards
market remains vibrant and kicking.

What is impressive about the region is not only the number of cards sold –
estimated to have been 150 million in 1999, but more of the market share the
region holds in terms of revenue generated over 17 percent of the worldwide
revenues for the smart cards market, coming in second after Europe with 70
percent and washing out Latin America’s 7 percent market share. Analysts are
forecasting that by 2004, the Asia Pacific region will command at least a
quarter of the revenue market shares worldwide, with China itself commanding
nearly a third of that market.

Statistics estimate that 91.6 % of card volumes in the region are from
telco-application segment, the SIM potential being the biggest highlight for
this era where mobile penetration exceeds expectations.
However, the governmental initiatives and the banking and finance sectors
still
take the lead when it comes to the various innovations and applications
possible in the field of smart technology.

With the roll-out of smart cards in Asia Pacific accelerating, consumer demand
for personalized smart technology has since increased at an unprecedented
rate.

At the end of the day, the real winners will be the service providers and end
users. These segments of people will not only get cards that cost three times
more inexpensive, but also cards that perform five times better in terms of
security and performance capability. Such dramatic changes in price and
performance can only serve to benefit the smart card industry in the region as
a whole.

To be a part of this industry in these exciting times, from 16 to 18 April, we
are gathering some of the finest smart cards experts and industry leaders to
present at the well-established Cards Asia 2002 conference on how hot smart
cards really are and what are the many implications for Asia.

Some hot topics that will be discussed at the conference are:
EMV Standards
Biometrics / Security
Multi-Application Cards
Smart Card Platforms
Case studies on governmental initiatives & for the banking and finance sector
Public Key Infrastructure & Digital Certificates
SIM Toolkit & Interoperability
Wireless technology & M-Commerce innovations

Key speakers at this forum include:

Dr Marc Lassus Chairman, Gemplus Associates International
Masahiro Omoto – Senior Vice President & Head of IC Strategy Division, JCB
International Co. Ltd
Shuan Ghaidan Vice President, Advanced Payment System, MasterCard
International
Asia Pacific
Alan Johnson Technical Director, MAOSCO Limited
Bertrand du Castel Chairman, Java Card Forum – Technical Committee
Koh Jin-Kit – Director Chip Migration, Visa International
Thomas Kraft – Member of Board of SIM Alliance

The Cards Asia 2002 programme is also available on our website:
http://www.cards-worldwide.
com/CardsAsia_2002/.

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CardinalCommerce & CIC Partner

Communication Intelligence Corporation, the leader in electronic signature, biometric verification and natural input solutions and CardinalCommerce Corporation, architects of a proprietary Payment Authentication Platform, announced today a strategic partnership agreement through which CIC’s biometric signature verification technology will be integrated into CardinalCommerce’s Payment Authentication Platform.

Through this agreement, CIC will provide its iSign Software Development Kit (SDK) which CardinalCommerce will use to incorporate CIC’s biometrically verifiable signature technology into its Authentication Platform. With its “Verified by VISA” compliance testing completed, and MasterCard International’s Secure Payment Application (SPA) underway, Cardinal’s Payment Authentication Platform will be the first to deliver practical solutions for biometrically verified and authenticated transactions across the Internet.

“By combining the universally accepted practice of signing one’s name with the identification capabilities of our biometric technologies, CardinalCommerce and CIC will offer financial institutions, retailers and consumers the most secure and effective solution available for on line transactions,” said Guido DiGregorio, CIC’s President and CEO. “This partnership will significantly reduce charge back costs borne by merchants and cardholders resulting from fraudulent card usage.”

Although many solutions for Internet security exist today, the majority of these rely upon passwords and PINs to authenticate users. iSign delivers the capability to use the most widely accepted form of traditional authentication — your signature. For transactions that require instantaneous fraud detection and prevention via user authentication, iSign also provides real time verification of the customer’s signature based on the biometric qualities and characteristics of the signature.

“Customers and merchants are demanding changes that will make credit card transactions over the Internet a virtually fraud-free business environment,” said Michael A. Keresman, III, CEO for CardinalCommerce. “Given our to date successes, we are confident that in Q1 of this year, Cardinal Commerce and CIC will execute the first ‘live’ 3-D Secure transaction to be biometrically verified across the Internet.”

About iSign — The product is designed to enable the implementation of electronic signatures in Business to Consumer or Business to Business e-Commerce applications over the Internet and corporate Intranets. The iSign solution will allow on-line services and businesses to reduce operating expenses associated with processing and handling of paper documents. Transaction examples include online purchase receipts, account applications, loan documents, contracts and insurance forms. iSign is designed for use with most pen tablets including Wacom, Interlink and Topaz as well as Palm organizers and touch screens. For more detail information about iSign please visit our website at [http://www.cic.com][1].

About CIC

Communication Intelligence Corporation is the leading supplier of electronic signature, biometric security and natural input solutions focused on emerging, fast growth, applications including paperless workflow, smart wireless devices and e-Commerce enabling the world with “The Power to Sign Online(TM)”. The Company’s core software technologies include multilingual handwriting recognition systems, biometric signature verification, natural messaging, and operating system extensions that enable pen input. CIC’s products are designed to increase the ease of use, functionality, and security of electronic devices and e-business processes. CIC sells direct to OEMs and Enterprises. Products are also available through major retail outlets such as, CompUSA, Staples, OfficeMax, Office Depot, key integration partners and direct via [http://www.cic.com][2]. Industry leaders such as Ericsson, Fujitsu, Hitachi, Microsoft, Siebel Systems, Electronic Data Systems (EDS), IBM, Charles Schwab and Prudential have licensed the company’s technology. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit website [http://www.cic.com][3]

About CardinalCommerce Corporation

Cardinal Commerce Corporation is a leading provider of a technology-neutral authentication platform for securing electronic and wireless commerce, thus ensuring that individuals, businesses and government agencies can process electronic transactions and access confidential information safely, securely and privately. The first application of Cardinal’s proprietary technology, the Cardinal Payment Authentication Platform, provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct fully authenticated Internet-based e-commerce, while protecting the transactions from fraud. For more information, visit [http://www.cardinalcommerce.com][4].

[1]: http://www.cic.com/
[2]: http://www.cic.com/
[3]: http://www.cic.com/
[4]: http://www.cardinalcommerce.com/

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EURO IMPACT

Europay International branded cards (Eurocard-MasterCard, Maestro and Cirrus)
hit record ATM (automated teller machine) and POS (point-of-sale) transaction
levels yesterday, as cardholders across all 12 eurozone countries used their
cards as the easiest way to pay with the world’s newest currency.

Whilst ATM transaction figures in Europe were up 146% on 1st January last
year
to reach 492,340, consumers paying in euros for their new year festivities
(such as restaurants and hotels) chose to do so with their Eurocard-MasterCard
credit and Maestro debit cards. 740,280 MasterCard and Maestro payments were
authorised across Europe, up 20% on the same day last year*.
“Everyone’s talking about yesterday being ‘day one of the euro’, but for
Europay International, it was our 1,097th day of dealing with euro
transactions”, said Dominique Bichut, Europay Euro Programme Co-ordinator.
“Since January 1999, card payments have been possible with the euro, and in
this three-year transition period, we’ve processed more than 18 million euro
transactions. This represents, on average, 1% of our overall traffic up until
September 2001. Since then, we’ve seen the number of euro transactions
rise by
40% each month as retailers dramatically started to migrate their business to
euro.”

“We’ve now had the excitement of seeing our euro migration programme
implemented, enabling an efficient distribution of the euro notes through the
vast cash machine network in the 12 countries (over 221,000 ATMs). In
partnership with our Member banks in the eurozone, we helped to facilitate the
speedy distribution of the new euro bank notes.”
The introduction of the world’s newest currency has been of particular
importance to Europay International, with the more public side of the
company’s
efforts highlighted by the multi-million euro advertising campaigns for both
its credit and debit brands, Eurocard-MasterCard and Maestro. Launched in
December last year, this saw the roll-out of print and poster advertising
illustrating the role of the card as the world’s most accessible, portable and
user-friendly ‘euro converter’.

“The campaign has really underlined our brand value as the consumer’s best
ally
when it comes to euro payments”, said Arjen Kruger, Head of Brand Marketing at
Europay International. “With consumers so wary of the new change in their
pocket, both credit and debit cards provide the guarantee that the price
asked,
is the price they pay.”
The security offered by credit and debit cards is invaluable, with additional
benefits being;

· No change required so no confusion

· Full record of the payment via the statement from the bank

· Eurocard-MasterCard acceptance high across all euro-zone countries (close
to 5
million merchants now accept Eurocard-MasterCard cards in Europe)

· 194 million European cardholders able to benefit both at home and abroad
from
Maestro, Europe’s leading debit card brand

· Faster payments (with card payment only lanes in supermarkets for example,
transactions will be even quicker and hassle free).
“It’s fitting that one of our award-winning Priceless advertising commercials,
duly converted into euros, was one of the first to be broadcast on European
television just minutes into the 1st January”, added Arjen Kruger. “It’s
our way
of saying we’re ready for the euro and to highlight that Europay and
MasterCard
branded cards will remove any confusion or stress for our cardholders from the
euro roll-out.”

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Digital Acquisition

Digital Insight Corp. has entered into a definitive agreement to acquire Virtual Financial Services, Inc., a privately owned company based in Indianapolis. VIFI is an application service provider with more than 425,000 Internet banking active end-users as of Dec 31 and has over 150 client financial institutions. As consideration for the transaction, Digital Insight will pay a combination of Digital Insight common stock, $3.75 million in cash and a promissory note for $3.75 million based on a $51 million total enterprise value.

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