BIZ CARD

Amex Bank of Canada introduced the
first no-fee, cash rebate Credit Card for Small Business in the Canadian
marketplace. Called the American Express Business Card, it is the fourth in
Amex’s family of small business products and services.

Over the past few years, Amex Canada’s small business Cardmember base has
grown by more than 40%, with spending almost three times higher than on its
consumer Cards.

The Business Card joins the growing suite of small business products in
Canada including the American Express-Costco Corporate Card for Small
Business, American Express AIR MILES Gold Business Card and American Express
Corporate Card for Small Business.

“Clearly, this is an important growth area for American Express in Canada
and around the world and represents an opportunity to combine our marketing
and product development expertise to give small business owners the tools they
need to run their business,” says Debra Ambrose, Director of New Product
Development at American Express. “Entrepreneurs are a unique market group and
getting to know their needs has been key to the growth of Amex’s small
business portfolio.”

Ambrose notes that American Express research indicates that entrepreneurs
want a Card that will give them more control over the costs of running a
business. At no annual fee and an annual cash rebate up to 2%, the American
Express Business Card gives Small Businesses more for less.

“With features like the option to purchase Health and Dental plans for
themselves, their families and employees we are designing Card products that
can play a number of roles to help the small business owner,” adds Ambrose.

Other Card features include:

– An introductory 6.9% interest rate on balance transfers
for the first six months
– Automatic enrollment in a Small Business disability plan
with security of up to $50,000
– Up to $100,000 in travel accident insurance
– Option to purchase annual management reports to help track
and streamline expenses
– Online account management

This new Canadian card product is the first to sport a fashionable new
look for the American Express Card, with a modern, cutting edge appeal.

American Express in Canada operates as Amex Bank of Canada and Amex
Canada Inc. Both are wholly-owned subsidiaries of the New York based American
Express Travel Related Services Company, Inc., the largest operating unit of
American Express Company, which provides a range of financial and travel
related services for consumers and companies. Amex Bank of Canada is the
issuer of American Express Cards in Canada. Amex Canada Inc. operates the
Travel Service Network, Corporate Travel and Travellers Cheque divisions in
Canada. Amex opened its first offices in Toronto and Hamilton in 1853 and now
employs 3,700 Canadians coast to coast.

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ICE Functionality

Hypercom Corp., the world’s leading provider of electronic payment solutions and Atrana Solutions, a leading provider of point-of-sale software solutions, Tuesday announced that Atrana will create customized software applications to expand the functionality of Hypercom’s ICE information and transaction platforms in prepaid services, electronic benefits transfer, sports licensing and other markets not traditionally associated with point-of-sale terminals. “Hypercom’s ICE provides an excellent platform for supporting both traditional point-of-sale applications and other applications which are not directly associated with card payments. Hypercom has provided a robust suite of tools for developing these applications with its HyperWare development environment, VHDT (HyperWare Visual Developer’s Toolkit).

“These terminals and development tools enable Atrana to create exciting new applications for markets not traditionally associated with point-of-sale terminals,” said Alem Boukadoum, executive vice president, Atrana Solutions. “We are partnering with Atrana to bring secure, innovative, revenue-generating and time-saving applications to the point-of-sale market and beyond, and Atrana is strongly positioned to help us do just that,” said Kathy Crumley, Hypercom’s vice president, VAR Relations. “Atrana is recognized as a leading development organization that moves quickly to meet its clients’ needs with innovative and high-quality software systems.”

Hypercom’s epic (ePOS-infocommerce(TM)) ICE devices are compact, high performance, touch screen information and transaction platforms. ICE platforms incorporate physical security features and Hypercom’s TranSafe(TM) operating system that integrates firewall-protected, multi-tasking, multi-applications functionality, along with EMV chip card capability, a secure PIN pad, built-in HTML/HTTP Web browser, and integrated receipt printer.

In addition to the secure payment applications, Hypercom’s ICE information and transaction platforms support a range of value-added applications and services including: electronic signature and receipt capture, e-mail, on-screen advertising, interactive electronic coupons, and cash management reporting through a standard browser — as well as secure credit, debit, EBT and smart card functions.

About Atrana

Based in Dallas, Atrana is a leading provider of point-of-sale (POS) card payment terminal software and systems to retailers, transaction processors and stored value providers.

The company’s broad expertise in POS systems, back-end transaction servers and retail integration enables it to offer its clients complete technology solutions for credit, debit, fleet, loyalty, prepaid, gift card, and other transaction-based services. Atrana understands that quality systems and on-time delivery are critical for the success of its customers’ initiatives. Atrana’s customers include many of the industry’s largest transaction processors and service providers. Atrana’s Internet address is [http://www.atrana.com][1].

About Hypercom

Hypercom Corp. 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 Web-enabled information and transaction platforms 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-infocommerce(TM) (epic) framework of consumer-activated, EMV-certified, touch-screen ICE (Interactive Consumer Environment) platforms enable acquirers and merchants to decrease costs, increase revenues and improve customer retention.

Headquartered in Phoenix, Hypercom is independently acknowledged as the leading provider of point-of-sale information and transaction platforms worldwide. Demand for Hypercom’s platforms surpassed 1 million units last year alone. Hypercom today maintains an installed base of more than 4 million platforms in over 100 countries which conduct over 10 billion transactions annually. Hypercom’s Internet address is [http://www.hypercom.com][2].

[1]: http://www.atrana.com/
[2]: http://www.hypercom.com/

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Aspire Scholarships

At the close of this year’s Hispanic Heritage month, Aspire Visa, marketed by CompuCredit Corporation, announced the establishment of five endowment funds totaling $50,000.

The funds, named the “Aspire A Mas” Endowment Funds, will provide scholarships in perpetuity to students at five predominately Hispanic community colleges across the United States and will be matched dollar-for-dollar by each school for a total of $100,000.

Recipients of the gifts include Miami-Dade Community College, City College of San Francisco, Mountain View College in Dallas, Richard J. Daley College in Chicago and Eugenio Maria de Hostos in New York. Students receiving the scholarships are selected on the basis of their academic achievement, future goals, and economic need.

According to the 1999 U.S. Census Bureau, there is a significant educational deficit between Hispanics and other ethnic groups. Only 27.5% of Hispanic high school graduates ages 18-21 were enrolled in college in 1997 versus 46.1% of non-Hispanic whites.

“In serving the Hispanic community through our Aspire brand, we understand some of the unique educational challenges and needs faced by its youth,” said David Hanna, Chairman and Chief Executive Officer of CompuCredit. “That’s why we are committed to helping Hispanic youth reach their full potential. We hope that each `Aspire A Mas’ endowment fund will assist in expanding educational opportunities for Hispanics and will encourage their future achievements.” “We applaud Aspire’s long term commitment to our community. Through their efforts and generous support we are able to provide the next generation of students with the necessary skills needed to succeed,” said Dr. Jose Vicente, president of Miami-Dade Community College, InterAmerican Campus and an officer of the Hispanic Associations of Colleges and Universities, (HACU).

CompuCredit Corporation (Nasdaq: CCRT) is a credit card company that uses analytical techniques, including sophisticated computer models, to market general-purpose credit cards and related fee-based products and services. Through its Aspire brand and others, the company currently serves more than 2.3 million customers nationwide. Consumers can apply for a card online at [http://www.aspirecard.com][1], or in Spanish at [http://www.aspireamas.com][2]. Credit cards marketed by CompuCredit are issued by Columbus Bank and Trust Company under an agreement with CompuCredit. For more information about CompuCredit, visit [http://www.compucredit.com][3].

[1]: http://www.aspirecard.com/
[2]: http://www.aspireamas.com/
[3]: http://www.compucredit.com/

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TSYS 3Q/01

TSYS reported net income for the third quarter of $25.5 million a 33.5% increase over 3Q/00. Revenues for 3Q were $163.0 million, an increase of 9.4%, compared with revenues of $149.0 million for the same period in 2000. If TSYS had included the results of its Vital Processing Services joint venture with VISA, pro forma revenues for the third quarter would have been $207.5 million. TSYS also noted yesterday that transaction and authorization volumes dropped on Sept. 11th, and the following week, as most people stayed home with their families. However, in the weeks that followed, those processing volumes returned to normal levels as consumers resumed their daily activities. As of Sept 30, TSYS had 212.4 million accounts on file. For complete details on TSYS 3Q/01 performance visit CardData ([www.carddata.com][1]).

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

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Household 3Q/01

Household International this morning reported the highest quarterly net income in the company’s 123-year history of $504 million, a 12% increase over 3Q/00. The company’s managed portfolio grew to $95.7 billion, up 15% from the prior year. VISA and MasterCard receivables as of Sept 30 were $17.3 billion compared to $17.0 billion one year ago. Private label card receivables logged in at $12.4 billion compared to $12.0 billion last year. Delinquency (60+ days) for bank credit cards hit 3.91% compared to 3.48% for 3Q/00. Private label card delinquency stood at 5.88% compared to 5.67% one year ago. Chargeoffs for VISA and MasterCard accounts for 3Q/01 were 6.75% compared to 5.23% last year. Chargeoffs for private label card accounts for 3Q/01 were 5.13% compared to 5.28% last year. The company’s managed net interest margin percent widened to 8.57% from 7.95% a year ago due to lower funding costs. For complete details on Household’s 3Q/01 results and past performance visit CardData ([www.carddata.com][1]).

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

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OPC Signs 1000th Client

Official Payments Corporation ([www.officialpayments.com][1]) announced that the Mayor of Salt Lake County has approved the Selection Committee’s recommendation to hire Official Payments to provide the Treasurer with credit card services. This addition makes Salt Lake County the company’s 1,000th government client. The new payment systems will give Salt Lake County citizens the option of making their real estate tax payments by credit card over the Internet at [www.officialpayments.com][2] or by telephone at 800-2PAY-TAX. The systems are scheduled to go live November 1. The Treasurer’s collections from all sources (including borrowings) exceeded $1 billion in 1999. Official Payments is a leading provider of electronic payment options. The company has similar agreements with the Internal Revenue Service, 18 state governments, the District of Columbia, and over 900 local government entities to collect taxes, fees, and fines by credit card over Internet and telephone.

“Our citizens will now be able to make their real estate tax payments 24 hours a day, from the comfort of their home or office. This new payment option is part of our ongoing effort to bring the best possible service to county taxpayers,” said Larry Richardson, Salt Lake County Treasurer. “We chose Official Payments because their systems are proven, and security is of utmost importance to us,” Mr. Richardson added.

“We are pleased to add our 1,000th client, Salt Lake County, to our rapidly growing list of government partners,” said Thomas R. Evans, Chairman & CEO of Official Payments. “As more and more government entities discover the convenience and efficiency that electronic payments can provide, we are confident that others will follow the lead of governments like Salt Lake,” Mr. Evans added.

Official Payments charges taxpayers a convenience fee for processing these credit card transactions. The fee schedule can be found on the Internet at [http://www.officialpayments.com][3]. For example, a taxpayer who owed a current balance of $1,000 in real estate taxes and charged their taxes would find a total of $1,035 on their credit card statement: $1,000 for the tax bill and $35 for the convenience fee. American Expressr, MasterCardr, Discoverr and VISAr are the credit cards accepted by the program. Taxpayers using credit cards with bonus rewards programs can, depending on their card’s program, earn rewards, points, and cash- back on airline frequent flyer miles for paying their taxes.

About Official Payments Corporation

Official Payments Corporation (Nasdaq: OPAY) is the leading provider of electronic payment options to government entities. The company’s principal business is enabling consumers to pay their government taxes, fees, fines, and utility bills by credit card, via Internet and telephone. The company is unequaled in market penetration and national footprint. Official Payments has agreements to collect and process credit card payments with the Internal Revenue Service, 18 state governments, the District of Columbia, and over 900 county and municipal governments in 49 states across the United States. In 2000, Official Payments collected and processed over $925 million in federal, state and local government payments.

Official Payments was founded in the San Francisco Bay area in 1996. Thomas R. Evans, the former President & CEO of the Internet company GeoCities, became Chairman & CEO of Official Payments in the summer of 1999. Mr. Evans brought Official Payments public in November of 1999, raising $80 million in its IPO on the NASDAQ national market. The company’s success in new client acquisition, increasing business with its existing clients and in building consumer awareness can be attributed to the combination of an enormous market opportunity with a highly skilled and experienced management and staff, aggressive sales and marketing, and a core competency in developing and implementing leading-edge technical systems.

[1]: http://www.officialpayments.com/
[2]: http://www.officialpayments.com/
[3]: http://www.officialpayments.com/

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CashLynk Payroll Cards

Lynk Systems, Inc., the technology and service leader in the payment systems industry, has successfully implemented CashLynk, its electronic payroll card, for Spartan Staffing, Inc. Spartan is one of the largest specialized providers of labor and light industrial supplemental workers in the Southeast. By switching from traditional payroll to CashLynk, Spartan will significantly improve efficiency by eliminating all the time and costs associated with issuing paper checks to 2,500 supplemental workers on a daily basis.

With the CashLynk system in place, Spartan will issue each worker a CashLynk card and load his or her payroll account on a daily basis. There is no cost for printing, mailing or delivering checks when the CashLynk card is used. And there are no lost or stolen checks to replace, or returned checks to reprocess.

“We are very pleased with Lynk and the ease of integration of its CashLynk card into our existing payroll software,” said Tim Dyn, CFO for Spartan. “We are already gaining a tremendous amount of efficiency in managing our payroll process. Furthermore, CashLynk gives Spartan a competitive edge. Many staffing companies do not provide an electronic payroll solution, so Spartan is able to attract workers without traditional bank accounts and give them the flexibility of the CashLynk card. Our workers are excited about our company offering electronic payroll distribution, thus eliminating check cashing companies and the associated fees.”

Spartan will use CashLynk to pay supplemental workers who are primarily heavy laborers in the construction, landscaping, maintenance and sanitation industries. In turn, each worker can take advantage of CashLynk’s flexibility to make debit card purchases, ATM withdrawals, and long distance calls with low rates and no hidden charges. They can also transfer funds to a checking or savings account, or to an associated CashLynk account for a family member.

About Spartan Staffing

Spartan Staffing, Inc. is one of the largest specialized providers of labor and light industrial temporary workers in the Southeastern United States. Spartan has the well-deserved reputation for providing quality personnel to meet critical client requirements on a timely basis.

Founded in 1986, Spartan Staffing, Inc. is headquartered in Tampa, Florida and currently has 38 branch locations throughout Florida, Georgia, and North and South Carolina. The company is structured into three divisions: (1) Workforce which provides heavy labor for construction, landscaping, maintenance, and sanitation jobs; (2) Spartan Staffing which specializes in light industrial positions for assembly, manufacturing, distribution, food processing, warehouse assignments, CDL drivers and clerical positions; and (3) CitrusForce Staffing which provides specialized labor for the Citrus industry.

About Lynk

Lynk is a proven leader in electronic payment, cash dispensing and e-commerce services. The company processes transactions initiated by credit and debit cards, checks, and other access cards from merchant point-of-sale terminals, ATMs and web sites. Lynk also provides related services such as the issuance of stored value cards that facilitate electronic funds distribution.

Lynk controls the entire processing sequence, including sales, merchant payment equipment, design and hosting of Internet store fronts, transaction authorization, capture, settlement and customer service. This “in-sourced” model facilitates a truly integrated single-source service that gives Lynk customers one-call support for all their processing needs. Lynk’s proprietary technology and comprehensive network connectivity offer customers of all sizes unsurpassed processing performance.

Founded in 1991, Lynk has received Visa’s Service Quality Performance Award, and has earned recognition as one of the fastest-growing companies in America by Inc. magazine and Deloitte & Touche. For more information, please visit the company’s web site at [http://www.lynksystems.com][1].

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

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NAP 3Q/01

National Processing this morning reported net income for the third quarter of $15.0 million, up 16% over 3Q/00. Total merchant transactions processed were 897 million for the quarter, up 27% over comparable prior year amount. Merchant Card Services dollar volume processed was $39.6 billion. Revenue for Merchant Card Services increased to record levels of $105.6 million and $286.3 million for the quarter and nine months ended Sept 30, representing respective increases of 32% and 26% over the comparable prior year amounts. For complete details on NAP’s 3Q/01 results visit CardData ([www.carddata.com][1]).

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

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Citibank 3Q/01

While Citigroup’s overall operating profits declined 8% during the third quarter due to the Sept 11th events, the credit card division posted very strong results despite flat charge volume. Citi reported this morning that its income for North American Cards rose 16% as revenues increased 22% and EOP receivables expanded by 8%. Citi says pricing initiatives and lower cost of funds for its credit card programs led to a 172 basis point increase in the net interest margin, which more than offset the impact of a 153 basis point increase in the net credit loss ratio. However charge volume was flat, as Citi captured $55.0 billion in transactions during the third quarter, compared to $55.6 billion for the prior quarter, and $55.2 billion for the year ago quarter. But net revenues for North America Cards hit nearly $3.4 billion compared to $2.7 billion last year. Third quarter credit card income for North America was $573 million compared to $492 million for 3Q/00. Receivables for the North America portfolio logged in at $104.7 billion compared to $97.0 billion for the year ago quarter. Delinquency (90+ days) was 1.82% for 3Q/01 compared to 1.34% for 3Q/00. Charge-offs were 5.48% compared to 3.95% for 3Q/00. At the end of September Citibank had 93.4 million card accounts. For complete details on Citi’s 3Q/01 results visit CardData ([www.carddata.com][1]).

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

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Fujitsu CU Deal

Fujitsu Transaction Solutions Inc. announced it has teamed with The Credit Union 24 Network — a Tallahassee, Fla.-based, member-owned credit-union network — to offer the network’s participants discounts on Fujitsu cash dispensers and automated-teller machines, including the Series 8000, the first Microsoft Windows 2000-based, Web-enabled product installed at a North American financial institution.

The alliance gives Credit Union 24 network participants reduced prices — a guaranteed minimum 20 percent discount — on all Fujitsu ATMs and cash dispensers. In turn, Credit Union 24 and Fujitsu will collaboratively market Fujitsu products to Credit Union 24’s 385 members.

“We are constantly seeking opportunities to provide sophisticated and affordable solutions in the electronic funds-transfer arena for our network participants. Fujitsu offers powerful and proven technologies for our members,” said Jim Park, chief executive officer and president of Credit Union 24. Both companies also will provide links to each other’s Web sites, allowing quick access to product information for Credit Union 24 network participants. “The Credit Union 24 Network’s decision to partner with Fujitsu speaks to the known reliability of Fujitsu’s full-scale ATMs and cash dispensers,” said Neill F. Collins, Fujitsu’s vice president of financial systems sales.

“Credit Union 24 is a respected network of leading credit unions, and it is our privilege to serve their members,” said Collins. “This is a good fit for both companies.”

Credit union members of network participants have point-of-sale access available at many large retail chains, including Publix Super Markets Inc., Winn-Dixie Stores Inc., Wal-Mart Stores Inc., Sam’s Club and Food Lion LLC. The majority of network participants do not surcharge at their ATMs. The network was created in 1980 by four Central Florida credit unions to provide a cooperative environment for the implementation of effective electronic funds-transfer strategies.

About Credit Union 24

The Credit Union 24 Network is a member-owned, deposit-taking, full-service ATM/POS network that offers ancillary electronic payment system products and services. Credit Union 24 has 385 Network Participants located throughout 20 states, with 6.5 million cardholders and more than 7,200 ATMs located in 35 states, as well as Canada, Puerto Rico, Guam, Japan, Portugal and England. The Credit Union 24 Network was created in 1980 by four Central Florida credit unions to provide a cooperative environment for the implementation of effective EFT strategies. The founding members envisioned a flexible, totally shared, deposit-taking ATM network that would enable them to work together to compete favorably and affordably with other financial institutions and networks.

About Fujitsu Transaction Solutions Inc.

Fujitsu Transaction Solutions Inc., headquartered in Dallas, is a wholly owned subsidiary of Fujitsu Limited (TSE: 6702). The company provides strategic technology expertise to North American retailers and financial institutions. Fujitsu optimizes the customer’s technology lifecycle and reduces total cost of ownership with point-of-sale (POS) hardware and software, handheld devices and applications, Web-enabled automated-teller-machines (ATMs) and managed services. Fujitsu offers world-class customer-service support, call centers, product staging/integration and rapid-response roll-outs. It serves customers such as Allfirst Financial, Albertsons, Recreational Equipment Inc., Safeway and Staples, among others. Web site: [www.ftxs.fujitsu.com][1].

[1]: http://www.ftxs.fujitsu.com/

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ACCOUNT AGGREGATION

TD Canada Trust and
CashEdge Inc. announced the signing of an agreement which will provide a
comprehensive financial account aggregation service to TD Canada Trust’s
Internet banking customers. The aggregation service will be piloted early next
year.

The service will provide TD Canada Trust customers secure, one-stop access to
their on-line banking and investment accounts at different institutions,
including chequing, savings, brokerage and credit card accounts.
Sanjeev Dheer, CEO of CashEdge, stated, “Using our aggregation technology, TD
Canada Trust will provide its customers with the convenience of having their
on-line financial information in one place so they can easily see a summary of
their individual accounts and financial status,” said Sanjeev Dheer, chief
executive officer of CashEdge.

“Aside from the convenience of having their own personal financial `hub,’ TD
Canada Trust customers will enjoy the comfort of dealing with the bank they
already have a relationship with and that they know will ensure the privacy and
security of their information,” he said.

“Customers have let us know they like the convenience, choice and flexibility
of our industry-leading electronic banking options. Offering customers access
to both their TD and non-TD accounts in one secure place will enhance our
ability to continue to deliver a comfortable on-line banking experience”, said
Chuck Hounsell, Senior Vice president, e.Bank, TD Canada Trust.

Gomez Inc, the Internet Quality Measurement Company, ranked TD Canada Trust the
number one Internet Banking service in Canada in August 2001. In 2001, TD
Canada Trust was ranked the overall winner in Quicken.ca’s third annual Online
Banking Report. TD Bank and Canada Trust were overall winners in 2000 and 1999
respectively.

About TD Canada Trust

A member of the TD Bank Financial Group, TD Canada Trust is Canada’s leading
retail bank. In Canada and around the world, TD Bank Financial Group serves
approximately 13 million customers in five key areas: personal banking,
commercial banking, discount brokerage, investment management and investment
banking. With more than 3.5 million online customer accounts worldwide, TD Bank
Financial Group ranks among the top financial services firms in the world as
measured by online accounts. For more information, visit
www.td.com.

About CashEdge, Inc.

CashEdge delivers personal finance management solutions to financial
institutions and portals worldwide. The company’s technology combines the power
of information aggregation with transaction capability, allowing consumers to
transfer funds between accounts at over 23,000 financial institutions
throughout the US. CashEdge was founded in November 1999 and has headquarters
in New York City and Milpitas, CA. The company’s clients include Laurentian
Bank of Canada, Royal Bank of Canada, The Vanguard Group and Yahoo! Finance.
For more information, please visit www.cashedge.com.

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Credit Store Fiscal Year

SD-based sub-prime specialist The Credit Store reported a net loss of $5.1 million in the fiscal year ended June 30. Total revenue for the fiscal year ended June 30 was $47.1 million. Credit card receivables for the quarter ending June 30 were $117.1 million and total accounts stood at 86,384. Acquisitions of non-performing consumer debt totaled $1.6 billion in fiscal 2001, a 14% decrease from the $1.8 billion acquired in fiscal 2000. For complete details on The Credit Store’s latest results visit CardData ([www.carddata.com][1]).

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

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