Retail pharmacy giant CVS is set to deploy more than 4,000 Hypercom ‘ICE 6000’ card payment terminals in over 450 new drugstores. CVS plans to utilize the terminal’s ‘Interactive Consumer Environment’ features such as the touch screen color display for multiple applications. Among the applications to be used is an interface to the ECR which will display items purchased and prices to the customer, this eliminating the need to purchase separately the customer display and pole of the ECR. CVS plans to deploy the terminals in the first quarter, after initial field tests are completed.


FDC ATM Management

By leveraging NYCE’s capabilities, First Data’s debit program will now have a way to offer ATM management services to its debit clients. Yesterday, First Data Resources signed a worldwide licensing agreement with Gasper Corporation to use the ‘Gasper Manager’ ATM management solution. First Data will leverage its relationship with NYCE to provide fully-automated ATM monitoring and dispatching services on behalf of First Data’s U.S. terminal deploying clients. First Data will also implement and provide the services through its operation in Australia. Totally, FDR will make the advanced services available to clients representing over 15,000 ATMs throughout the U.S. and Australia. First Data has recently acquired a 64% equity interest in NYCE. (CF Library 6/15/01; 8/15/01)


QuikTrip Debit Deal

National Processing Company, a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc., announced the signing of a multi-year on-line debit processing agreement with QuikTrip Corporation, one of the nation’s leading convenience store operators. Under the terms of the agreement, NPC will provide a single-point solution for all QuikTrip’s on-line debit transactions including sponsorship, settlement reconciliation and adjustment processing for the various debit network cards accepted.

QuikTrip owns and operates over 370 convenience stores in nine states, offering guaranteed gasoline and truck fleet diesel fueling programs, as well as a wide selection of food and beverage products. QuikTrip maintains uncompromising standards for variety, fairness and service — earning the distinction of being ranked 56th on the Forbes list of Privately Held Companies.

“We are delighted to expand our service offering to QuikTrip,” said Mark D. Pyke, chief operating officer for NPC. “On-line debit acceptance is critical to the convenience store industry in satisfying customers and minimizing costs. NPC offers customers, like QuikTrip, one of the best overall debit processing solutions, managing the entire process from end-to- end. NPC designed and built a system that facilitates a direct connection to all the major debit networks, as well as a settlement process that takes all the hassles out of end-of-day reconciliation. Merchants like QuikTrip rely on NPC’s expertise and innovation to provide the most cost-efficient and effective processing solution for non-cash payments.”

“In choosing an on-line debit processor we looked for one with proven experience, reliability and value-added service,” said Paula Cotten, treasurer of QuikTrip. “NPC was the natural choice, already serving as our credit card processor and satisfying the high standards of quality and service we’ve come to expect.”

About QuikTrip Corporation

QuikTrip is a privately held company that owns and operates over 370 convenience stores in nine states: Arizona, Illinois, Iowa, Georgia, Kansas, Missouri, Nebraska, Oklahoma, and Texas. Reporting $3 billion in sales annually, QuikTrip has earned an enviable national reputation for quality and customer service, and pride themselves on being a good neighbor in every community they operate.

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) ([][1]), a Cleveland based $96 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 [][2].



CoBank Processing

First Horizon Merchant Services, a division of First Tennessee National Corp., has partnered with CoBank, a $25 billion cooperative bank that specializes in lending and leasing services for agribusinesses and rural communications and energy systems, to offer customized credit card merchant processing services to CoBank customers nationwide.

This agreement provides CoBank customers with a variety of advantages over competing merchant processing service options. They include competitive pricing, online information reporting through CoLink (CoBank’s Web-based banking service), customized reports, quick and automatic deposits into a CoBank Cash Manager account, and award-winning customer service through First Horizon.

“For many of our customers, this partnership means it will be easier for them to accept credit card payments from their customers,” said Rick Scholz, CoBank’s senior vice president of non-credit services. “We’ll be able to offer current card processing customers the benefits of better pricing, and all of our customers the simplicity of doing business with a bank they know and trust.

In addition, customers will be able to customize the card processing services to fit their own needs, and to receive their credit card reporting through CoLink.”

“We’re very pleased to partner with CoBank and bring a premier merchant processing service to the businesses serving rural America,” said Bill Jager, First Horizon Merchant Services’ senior vice president of national accounts. “We focus on enhancing the value of the financial services relationship, and that’s a philosophy CoBank shares with First Horizon. The ultimate beneficiaries of our shared focus are CoBank’s customers.”

As Rural America’s Cooperative Bank, CoBank specializes in financial solutions for cooperatives, agribusinesses, Farm Credit associations and rural communications, energy and water companies. The bank also finances agricultural exports and is the majority owner of Farm Credit Leasing Services Corp., one of the nation’s largest agricultural leasing companies. CoBank has a national office in Denver, additional offices across the U.S., and representative offices in Mexico City, Singapore and Buenos Aires. Additional information about the bank is available at [][1].

First Horizon Merchant Services is one of the leading providers of credit card merchant processing services in the country. First Tennessee is a nationwide, diversified financial services institution and one of the 50 largest bank holding companies in the United States in asset size and market capitalization.

More information is available at [][2].




The shareholders of TYME yesterday approved the proposed merger with PULSE. The combined system will serve more than 3,500 banks, credit unions and savings institutions nationwide. Company officials expect the merger to be completed at the end of January. The TYME transaction represents the second expansion for PULSE within the last year. PULSE acquired the OH-based Money Station network in January. TYME, the nation’s first shared regional system, was organized in 1975 and includes more than 4,400 ATMs and 157,000 POS terminals in Wisconsin and the upper Midwest. PULSE links 60 million cardholders with more than 78,000 ATMs and 300,000 POS merchant locations throughout the USA. (CF Library 6/8/01)


govONE Sales VPs

govONE Solutions, a leading government payments company and a division of eONE Global, announced the appointment of two vice presidents to accelerate the company’s business growth in the government sector. David Blevins and Joseph Spiccia each join the company as a Vice President of Sales, together bringing more than 40 years of business development and sales experience to govONE Solutions.

govONE Solutions offers proven, secure and integrated electronic tax calculation, payment and filing solutions for federal, state and local governments as well as leading financial institutions that handle government e-payments for businesses and consumers. Through its Taxware division ([][1]), the company streamlines payments made to governments by providing software compliance systems that calculate taxes such as sales and use and value-added tax for business enterprises worldwide.

The majority of govONE Solutions’ transaction processing services are conducted in C-2 certified facilities. C-2 is one of the highest security clearance levels granted by the United States government. govONE Solutions registers, files and processes payments quickly and easily via the Internet, a PC, credit card and debit card payments and electronic funds transfers through its affiliation with First Data Corp. (NYSE: FDC), the world’s leading electronic payments company, which is a majority owner of eONE Global. Altogether, govONE Solutions moves more than $1 trillion in government payments each year.

“The scope of David’s and Joseph’s respective e-commerce expertise truly complements the strengths of our expanding executive team,” said James L. Fox, President and CEO of govONE Solutions. “We are successfully combining extensive industry knowledge with energy and vision to lead the next generation of government payments. We’re excited to have them on board to help spur adoption of innovative payment tools for governments and financial institutions throughout the U.S.”

Blevins brings to govONE Solutions experience in business development and sales with leading Fortune 500 companies. As vice president of sales for the western region, he will focus on client development for both business users as well as private and public institutions in the government sector.

Blevins was previously a partner with eSolve Information Technology, a California-based firm focused on Web application development. Prior to eSolve, he led healthcare sales for the western U.S. as a director with PeopleSoft. He also held sales management positions in the public sector with Oracle and Unisys corporations. Blevins holds a bachelor of science degree in business administration from California State University.

As vice president of sales for the eastern region, Joseph Spiccia brings more than 20 years of experience in sales, business development and client management in the government sector. He is charged with increasing both awareness and adoption of advanced technology for all government payments at govONE Solutions.

Previously, Spiccia was with Ariba’s public sector state and local sales, where he was responsible for the sale of e-government procurement and payment applications throughout the southeastern and western U.S. While with Ariba, he was recognized for selling Ariba’s largest public sector deal. Spiccia’s background also includes public sector experience as Director of Software Development at the Florida Department of Health and Human Services, one of the largest state agencies in the U.S. He has a bachelor of science degree in business management from the University of Florida.

About govONE Solutions

govONE Solutions, LP ([][2]) is a pioneer and leader in providing tax calculation and payment options that deliver security, reliability and flexibility. With offices in Englewood, Colo., New York City and Salem, Mass., govONE Solutions offers electronic payment and other services to federal, state and local agencies; financial institutions; and business enterprises. A leader in business tax payments, govONE Solutions currently serves more than two million taxpayers, processing 40 million payments valued at $1 trillion annually. Taxware ([][3]), a division of govONE Solutions, is a leading developer of worldwide commercial tax compliance systems. Taxware’s products for automated tax compliance include modules that calculate sales, use, consumers’ use, Internet, and international taxes as well as handle address verification, exemption processing and automated returns.

About eONE Global

As the leading source for accelerating payment innovation, eONE Global, LP ([][4]) identifies, develops, and operates emerging payment systems and related Internet and wireless technologies spanning the business, government and mobile markets. Its operating companies include SurePay, LP ([][5]), which creates trusted global end-to-end electronic business payment solutions that complete the financial supply chain for corporations and trading networks; govONE Solutions, LP ([][6]), which enables businesses and consumers to calculate taxes and make payments to government and businesses electronically; and Encorus Technologies ([][7]), which is focused on building a flexible and open infrastructure and developing efficient payment processing services to drive the acceptance and usage of mobile payments worldwide. eONE Global is owned by global e-commerce and payment services leader First Data Corp. (NYSE: FDC) ([][8]) and iFormation Group ([][9]), a company founded by The Boston Consulting Group, General Atlantic Partners, LLC and The Goldman Sachs Group, to build technology-enabled businesses in partnership with the Global 2000.



PPP & ORGA Talking

Perfect Plastic Printing Corp., a worldwide leader in card manufacturing for almost 40 years, announces its intention to form a strategic alliance with ORGA, a world leader in smart card production since 1972.

ORGA offers a full range of smart cards as well as hardware, software, systems, system integration and solutions for the telecommunications, banking, retail, healthcare, and Internet sectors. The alliance between Perfect Plastic Printing and ORGA will provide a U.S.-based manufacturing solution to large-scale chip card production.

ORGA Card Systems, Inc., part of the authentos group of companies, is one of the market leaders in the smart card industry. Headquartered in Paderborn, Germany, it operates its Smart Card Center in Flintbek, Germany, in one of the world’s most modern production facilities for smart cards.

With a workforce currently numbering over 1,600 employees worldwide, the ORGA Group posted record sales of EURO282 million ($250 million U.S.) in fiscal 2000. Subsidiaries, sales offices and joint ventures give ORGA a strong presence in Great Britain, the U.S., France, Singapore, Russia, South Africa, the United Arab Emirates, Denmark, China, Brazil, Hong Kong, Italy, Portugal, Austria and Lithuania.

Perfect Plastic Printing is a world leader in card manufacturing and the largest single secure card manufacturer in North America. Perfect Plastic has been on the cutting edge of card technology for almost 40 years with innovations in printing and card production technology. These include digital printing, translucent cards, full-face holograms, and full-face foil printing. Together, Perfect Plastic and ORGA will be a U.S. as well as an international trend-setter.

For additional information contact Doug Eden, Director of Marketing, Perfect Plastic Printing, or Heather Reinsel, Marketing Manager, ORGA Card Systems, Inc.,



MasterCard International and CertaPay, a leading person-to-person (P-to-P)
platform solutions provider, have announced an alliance to promote the
of P-to-P payments. Under the agreement, CertaPay is offering a platform that
facilitates payment between MasterCard cardholders.

The P-to-P market is growing rapidly. A TowerGroup report (January 2001)
estimates that Internet-based person-to-person payments will grow from 42
million transactions in 2000 to more than 4 billion transactions in 2005.

MasterCard’s approach is to equip its members with the ability to facilitate
payments between cardholders. To take advantage of this emerging market,
MasterCard recently introduced support for a new payment transaction in its
authorization and clearing systems to enable its members to clearly identify
P-to-P transactions, which had not been possible prior to April 2001.

Through this alliance with CertaPay, MasterCard’s members may implement
CertaPay’s P-to-P offering, designed to support MasterCard payment cards
and to
seamlessly integrate into a financial institution’s online banking
infrastructure. The platform leverages the financial institution’s own
security and brand strategies. CertaPay’s P-to-P E-mail Money Transfer™
application enables consumers to send and receive money — in real time, using
only an e-mail address — from their own financial institution’s online
or online account management services.

“We are pleased to work with CertaPay to offer our members the ability to
capture some of today’s fastest-growing transaction segments, including online
auctions and other P-to-P transactions such as cross-border transfers,” said
Carl Stefanelli, vice president, e-Commerce Product Development, MasterCard
International. “This solution gives consumers a new kind of convenience. By
expanding the utility of the traditional payment card and enabling it to
receive payments from others, consumers will benefit.”

How It Works

MasterCard members that install the CertaPay platform can offer their
the ability to use their MasterCard credit or debit account to pay another
person through their participating financial institution. To transfer money by
e-mail, the customer follows four simple steps:

· Log on to his/her online account with their participating financial
institution and click the e-mail payment feature.

· Insert the recipient’s name, e-mail address and the amount of the transfer.

· Identify the MasterCard account or other account (checking, savings) from
which to take the funds.

· Write a personal note to the recipient of the funds.
The recipient would then perform these easy steps:

· The recipient instantly receives an e-mail notification with a hyperlink to
accept the funds and then decides where to deposit the funds, whether it is a
MasterCard account or bank account.

· If the recipient is a customer of a bank using the CertaPay system, the
are received in real-time. The funds are transferred using existing payment
clearing arrangements. If the recipient does not yet bank online at a CertaPay
partner institution, he/she must register himself/herself as a new CertaPay
user. The process is done quickly and securely online.

· The recipient receives a final confirmation of the deposit of funds.
Consumers will not have to reveal their account information to the other party
while conducting the P-to-P transaction and no money will be transferred
through the e-mail notification system.

“People are looking for ways to transfer money to each other directly and in
real-time at a reasonable cost,” says Michael Ginsberg, CEO, CertaPay Inc.
“E-mail is a natural medium to facilitate money transfer because it is
ubiquitous and international, and everyone knows how to use it. There are
numerous benefits for both financial institutions and their customers to take
advantage of the P-to-P space.”

MasterCard members can enhance their customer value proposition by
this system, offering their cardholders added convenience and flexibility. The
service also enables financial institutions to acquire new relationships among
non-customers who receive an e-mail money transfer using the bank-branded
CertaPay platform.

The P-to-P platform also has the potential to assist issuers in making
international transactions easier and more efficient due to MasterCard’s
worldwide payment network. MasterCard’s alliance with CertaPay is one way to
ensure that members who wish to offer P-to-P services to their customers can
take advantage of this comprehensive solution at a substantial discount.

– “As Europay develops the P-to-P product for our European Members, the
alliance will be particularly beneficial to us “ said Hervé Kergoat, Europay
International Head of Pre-Paid and Head of P-to-P. “Not only does it
demonstrate MasterCard’s worldwide commitment to the growing area of P-to-P,
but it will allow us to leverage the best of the Canadian experiences into our
own offering for Europe. Illustrating, once again, that our partnership with
MasterCard brings the best-in-class experiences to Members worldwide.”


Alaska Airlines Card Promo

What is your hoop dream? If it’s playing on the court, apply through Bank of America for an Alaska Airlines Visa consumer credit card. You may wind up shooting baskets at the Pac-10 Basketball Tournament in Los Angeles, which runs March 7-9, 2002.

Bank of America, sponsor of the Pac-10 Basketball Tournament in Los Angeles (March 7-9, 20020, has announced the “One and a Million Sweepstakes” for all customers who submit a completed application for an Alaska Airlines Platinum, Gold or Classic credit card. The sweepstakes runs December 1, 2001, through January 31, 2002.

The “One and a Million” Grand Prize includes a VIP trip for two to the Pac-10 Basketball Tournament in Los Angeles, including round-trip air courtesy of Alaska Airlines, hotel accommodations for three nights, VIP tournament tickets, and a cash prize of $1,000. The winner will also have the opportunity to make a half court shot during the Pac-10 tournament on-court promotion, which will award 1 million bonus miles for a successful half-court shot, 50,000 bonus miles for a successful free throw, and 20,000 bonus miles for a successful lay-up.

In addition to the Grand Prize, five First Place prizes will be awarded that will consist of a pair of Alaska Airlines systemwide ticket vouchers; and 50 Pac-10 garment travel bags will be awarded as Second Place prizes.

The sponsorship is a fully integrated marketing and advertising partnership that includes national media exposure on Fox Sports. Bank of America and Alaska Airlines are promoting this sponsorship campaign and leveraging the synergy of the three consumer credit card brands through radio, magazine, e-commerce, game marketing, banking center promotions, and Alaska in-flight promotions.

“We’re proud sponsors of the Pac-10 Basketball 2001/2002 season, and we’re excited about this sweepstakes,” said SVP James Sebo, Bank of America. “The footprints of the Pac-10 teams in the West make this a perfect match for our companies. Alaska and the bank both have existing marketing initiatives with teams in the Pac-10 — which enhance our exposure of this promotion.”

Bank of America offers Alaska Airlines Visa Business Card and Alaska Airlines Visa Check Card, in addition to Alaska Airlines Visa Platinum, Gold and Classic consumer credit cards,

To apply for an Alaska Airlines Visa consumer credit card and be entered into the sweepstakes, customers may visit any Bank of America banking center, or they may visit the sweepstakes Web site at .

One of the world’s leading financial services companies, Bank of America is committed to making banking work for customers like it never has before. Through innovative technologies and the ingenuity of its people, Bank of America provides individuals, small businesses and commercial, corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose through the nation’s largest financial services network, including approximately 4,400 domestic offices and 13,000 ATMs, as well as 30 international offices servicing clients in 190 countries, and an Internet Web site that provides online access for more than 3 million customers, more than any other bank.

Bank of America stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges. The company’s Web site is [][1]. News, speeches and other corporate information may be found at .



MIST 3Q/01

MIST Inc., a leading provider of wireless and smart card transaction-enabling
reported results for the fourth quarter and for the year ended September 30,

Revenue for the year ended September 30, 2001, decreased 11.6% to $51,809,000,
compared to $58,637,000 in 2000. The decline in revenue was predominantly
related to the transition of the point-of-sale business from traditional wired
technology to the wireless enabled gateway technologies. Due to the completion
of certain products later in the fiscal year than anticipated, certain revenue
was delayed. Operating loss from continuing operations was $15,955,000
to a loss of $3,178,000 in the prior year. Income from discontinued operations
was $937,000, compared to $3,634,000 in the prior year. Discontinued
include the results of the US and Canadian card manufacturing plants and the
Imprinter business. Net loss for the year was $7,015,000 or ($.21) loss per
share on a fully diluted basis, compared to a net loss of $3,628,000, or
($0.12) loss per share on a fully diluted basis for 2000. During the year, a
significant investment was made to develop gateway technologies, including
expansion into the United States and Japan.

Revenue for the fourth quarter of Fiscal 2001 was $11,946,000, a decrease of
25.4% from revenue of $16,018,000 in the same period last year. Operating loss
from continuing operations was $6,635,000 compared to a loss of $1,465,000 in
the prior year. Loss from discontinued operations was $117,000, compared to
income of $1,120,000 in the prior year. Net loss for the quarter was
$12,594,000 or ($.38) loss per share on a fully diluted basis, compared to net
loss of $942,000, or ($.03) loss per share on a fully diluted basis for the
same period in 2000.

During the fiscal year, the Company reorganized in order to focus its energies
on its wireless applications and smart card businesses. The reorganization of
MIST included the sale of the Canadian and US plastic card manufacturing
and the Imprinter business. The Company focused on development of
FreedomGate, the MIST Freedom family of wireless and ethernet enabled
of sale terminals, and smart card technologies. FreedomGate will be
to our strategy of providing retail merchants with value added applications
services, such as messaging, reporting, and e-Commerce services. Development
was completed on MIST Freedom III, MIST’s desktop wireless and Ethernet
touch screen terminal, and FreedomSPD, a smart card enabled pin pad. Both
devices have been specifically designed to take full advantage of the value
added features of FreedomGate and have been well received in the US, Japan and
Canada. Availability of these products on a wide commercial basis will occur
during Q1 and Q2 of fiscal 2002 and represent meaningful opportunities for
revenue growth.

Recent operating highlights include:

– During the fourth quarter, the manufacture of POS terminals was transferred
to a contract manufacturer in Asia in order to allow MIST to focus on its
strength of developing leading edge technology and bringing our customers
solutions which includes ensuring that the cost of our products are
competitive, while maintaining high quality.

– MIST has been able to successfully attract new customers in Japan. With the
growing importance of smart cards in the Japanese market, MIST’s focus on
cards and smart card enabled terminals represent excellent opportunities for
revenue growth. Technology developed for the Japanese market can also be
leveraged to develop products for other markets more quickly and cost

– The MIST Freedom III terminal’s Ethernet capability has attracted great
interest among our customers. Allowing businesses to network POS terminals and
reduce the cost of communication, while enabling the value added features of
FreedomGate, presents a compelling value proposition to our customers.
Customers have numerous value added applications that they are keen to
introduce to their merchant base. FreedomGate’s component based architecture
allows applications to be created quickly and integrated seamlessly into

– During December 2001, the Company settled litigation for proceeds of $4.5
million. The proceeds, net of estimated legal expenses of $500,000 will be
to repay a portion of the Junior Note and for operating cash requirements.

“MIST has spent significant time and resources developing the MIST FreedomGate
and the MIST Freedom family of POS terminals. We have a great solution to
our customers that clearly differentiates MIST from our competitors and offers
a compelling value proposition,” stated Charles E. Lee, President and CEO of
MIST Inc. “Our focus in the coming year is to deploy FreedomGate and roll out
our value added model to the marketplace. We look forward to working closely
with our customers to bring them new technology and opportunities for growing
their businesses. We feel this strategy is the key to revenue and income
for MIST.”

About MIST Inc.

MIST Inc., a leading provider of wireless transaction-enabling and smart card
technologies, designs, manufactures and distributes wireless and wired
point-of-sale solutions and smart card software and solutions. The “MIST
Freedom” family of wireless transaction terminals was developed to complement
its range of existing products. The MIST FreedomGate(TM) provides gateway
services with value-added options such as messaging, time and attendance and
e-commerce. With facilities in Canada, the United States and Japan, MIST’s
clients include banks, financial institutions, credit and debit card
processors, as well as retail, hotel, restaurant, health care and loyalty
customers. For more information, visit Investors may contact


AmEx Online

American Express has launched a major campaign to incent small merchants to switch from paper statements to electronic statements. Effective January 1, AmEx will charge merchants a $4.50 monthly fee for statements sent by mail. AmEx emphasizes that one major advantage of its ‘Online Merchant Services’ program is better communication with the handling of charge-back requests. Merchants receive e-email notification of disputes which gives merchants more response time, thus reducing the no-reply chargeback problem. The AmEx online merchants services program offers free access to ‘Merchant Profile Reports’, which analyzes customers and their spending patterns. The program also offers access to ‘Merchant Edge’, which provides aggregate marketplace reporting about the merchant’s AmEx customers. The base fee for ‘Merchant Edge’ is $100 per month. The AmEx Online Merchant Services program also enables merchants to update account information or to setup a new location for AmEx acceptance.