DATACARD LONDON

Datacard Group announced the relocation and expansion of its London
operations.

The Datacard Group London team specializes in producing cutting edge
software solutions for multi-application smart card systems. Datacard Group
London also serves as the central facility for Datacard Consult p7, an
elite team of mathematicians, cryptographers and smart card chip experts.
This team is dedicated to evaluating and optimizing the security of
high-profile smart card programs worldwide, with special expertise on the
unique security and quality considerations surrounding multi-application
smart card technology.

Martin Kearsley, Senior Vice President and Managing Director of
Datacard’s Software and Solutions Division said, “As smart cards are now
emerging as the preferred platform for financial transactions and virtual
identity, demand for Datacard solutions has grown significantly. This has
led to growth within our team of smart card specialists and support staff
in order to meet the demands of the market.”

“Our new, larger facility will give us even greater capacity to meet
the current and future demands of high-profile smart card issuers
worldwide,” Kearsley added.

New contact information for the relocated Datacard London office is as follows:

3rd Floor
107 Cheapside
London EC2V 6DG
Phone: +44 (0) 20 7726 3333
Fax: +44 (0) 20 7726 3334
www.datacard.com

Datacard Group provides financial institutions, corporations,
consumer marketers, governments, schools, healthcare providers, service
bureaus and other enterprises with the software, systems and professional
services they need to build successful card programs. The company’s
solutions portfolio includes the world’s best-selling smart card software
and card issuance systems, as well as a complete line of digital identity
systems. Consultative services include a smart card chip security
laboratory that works with the world’s leading smart card issuers. DataCard
Corporation, doing business as Datacard Group, is privately held and based
in Minnetonka, Minn. Datacard Group serves customers in more than 200
countries.

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OPC in IL

Official Payments Corporation announced an agreement to provide a new service for citizens of Kane County, IL. The service will allow citizens of Kane County, the northeast portion of Illinois, to pay property taxes by credit card over the Internet or via telephone. The new service is scheduled to go live in 2002.

This service agreement is part of a new business award. When the system goes live later this year, Kane County residents will be able to pay property taxes via Internet by visiting www.officialpayments.com, or via telephone by calling toll-free 1-800-2PAY-TAX. American Express, Discover Card, MasterCard and Visa are the cards accepted by the program. Annually, Kane County collects $500 million in property taxes. Kane County taxes are due on June 14 and September 14.

“Kane County has seen rapid population growth recently, due largely to expansion from the Chicagoland area,” said David J. Rickert, Kane County Treasurer/Collector. “We expect this online tax payment option to make it easier for our growing population to take care of their tax obligations from the convenience of their homes or offices,” Rickert added.

Official Payments has similar agreements with over 900 government entities across the country. The Company has contacts with the Internal Revenue Service, 18 state governments, and the District of Columbia to collect taxes, fees, and fines by credit card over the Internet and telephone.

Official Payments Corp. charges taxpayers a convenience fee for processing these credit card transactions. The fee schedule can be found on the Internet at www.officialpayments.com. For example, a taxpayer who owed Kane County $1,800 in property taxes and charged their taxes would find a total of $1,846 on their credit card statement: $1,800 for the tax bill and $46 for the convenience fee. Taxpayers using credit cards with bonus rewards programs can, depending on their card’s program, earn rewards, points, and cash-back or 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 47 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.

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Brokat Selloff

First Data’s eONE Global subsidiary has signed an agreement to buy Brokat Technologies mobile business unit for approximately $38.4 million. Metavante Corporation has also agreed to purchase Brokat’s U.S.-based Financial Applications unit for $19.5 million. Under terms of the eONE Global deal, eONE will also provide bridge financing of up to $13.7 million to Brokat for standard operating costs through closing, which is expected by November 1. Brokat says the sale of the mobile business unit became necessary due to significant financial investments required to properly advance the business. The Metavante deal is expected to close next month. Germany-based Brokat will refocus its future business on the European e-finance market.

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Top CheckFree Exec Leaves

CheckFree Corporation announced that Allen L. Shulman will voluntarily leave his post as executive vice president and General Counsel as of December 31, 2001.

Shulman has held his current position since June of 1997. He served additionally as CheckFree’s chief financial officer from August of 1998 to May of 2000, after which current CFO David Mangum assumed that position.

CheckFree has begun an executive search to replace Shulman, and plans to have a new general counsel in place before his departure.

CheckFree President and Chief Operating Officer Pete Sinisgalli said, “Allen’s broad legal expertise has helped guide us through some very complex transactions, including such recent events as our acquisition of BlueGill Technologies and TransPoint, and our strategic alliance with Bank of America. Although we will miss Allen’s contributions, we fully support his future plans.”

About CheckFree (www.checkfree.com)

CheckFree (NASDAQ: CKFR) is the leading provider of financial electronic commerce services and products. Founded in 1981 and celebrating its 20th year in e-commerce, CheckFree is comprised of three divisions: Electronic Commerce, Software, and Investment Services. CheckFree launched the first fully integrated electronic billing and payment solution in 1997. As of June 30, 2001, CheckFree’s Electronic Commerce division enabled more than 5.2 million consumers to receive and pay bills electronically. The company has multi-year contracts with 271 of the nation’s top billers to provide online billing and payment through more than 300 financial services organizations, including banks, brokerage firms, Internet portals and content sites and personal financial management (PFM) software. CheckFree Investment Services provides a broad range of investment management services to thousands of financial institutions nationwide. The division’s clients manage more than 1,150,000 portfolios totaling more than $500 billion in assets.

CheckFree’s Software division provides solutions through three operating units: CheckFree ACH Solutions, CheckFree Financial and Compliance Solutions (CFACS), and CheckFree i-Solutions. CheckFree i-Solutions is the leading provider of e-billing and e-statement software and hosting services for both business-to-consumer and business-to-business applications, with more billers as clients than all of its competitors have combined. CheckFree ACH Solutions provides software and services that are used to process more than two-thirds of the nation’s six billion Automated Clearing House payments, while CFACS provides reconciliation and compliance software and services to more than 400 organizations in the banking, brokerage, utility, retail, insurance and credit card industries, among others.

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BROKAT UNLOADS

Brokat Technologies AG has announced a
definitive agreement to sell its Mobile Business unit for euro 42 million
(approximately US$38.4 million) to U.S.-based eONE Global, LP, Napa,
California. eONE Global, a subsidiary of First Data Corp. (NYSE: FDC),
Denver, develops and operates emerging payment businesses and related
technologies spanning the business-to-business, government and wireless
markets.

eONE Global also will provide bridge financing of up to euro 15 million
(approximately US$13.7 million) to Brokat’s Mobile business unit for standard
operating costs through closing, which is expected by November 1. The planned
transaction is subject to Brokat shareholder approval at a special shareholder
meeting to be held in the near future.

Stefan Roever, currently Brokat’s CEO, will retire from the management
board of Brokat to become CEO of a new eONE Global subsidiary focused on
mobile commerce. In all, eONE Global will assume approximately 400 employees
from Brokat. Michael Janssen remains Brokat’s chief financial officer and
will additionally assume the position of chief executive officer.
The mobile business technology developed by Brokat is very advanced and
internationally recognized. However, the sale of the Mobile Business unit
became necessary due to significant financial investments required to properly
advance the business.

Agreement to Sell U.S. Financial Applications Business
In the future, Brokat will refocus on its core business of e-finance in
Europe. Therefore, Brokat has announced a definitive agreement to sell its
U.S.-based Financial Applications business unit to Metavante Corporation,
Milwaukee, Wisc. Metavante, the technology subsidiary of Marshall & Ilsley
Corporation (NYSE: MI), is a solution leader for financial services providers
in the U.S. Proceeds from this transaction will be approximately
US$19.5 million (approximately euro 21.3 million). As part of the agreement,
Metavante will assume certain liabilities of the financial applications
business unit. Nearly 150 Brokat employees will be offered positions with
Metavante as part of this transaction, which will help to reduce Brokat’s
operating costs. In addition, Brokat will enter into a reseller arrangement
with Metavante that enables Brokat to continue to sell these applications
outside the U.S. market. This sale, which is anticipated to close in
September (subject to regulatory approval), will not affect Brokat’s e-finance
offering in Europe.

Clear Focus on E-Finance

Brokat will refocus its future business on the European e-finance market.
The company headquarters will remain in Stuttgart. After the divestitures,
approximately 280 Brokat employees will be dedicated to the European e-finance
business.

With its offerings, Brokat addresses a wide range of financial service
providers who want to augment and enhance their on-line and multi-channel
financial offerings. For these customers, Brokat will continue to provide
applications that enable electronic banking and brokerage services through all
sales channels, including the Internet, call centers and mobile terminals such
as mobile phones and PDAs.

A market research study performed by Datamonitor in August 2001 predicts
that the number of pan-European Internet banking users will increase from
23 million users at the end of 2000 to more than 75 million customers by the
year 2005. The market for e-banking technology is expected to grow from
US$2.7 billion to US$5 billion.

“The European e-finance market shows a strong demand for high-performance
IT solutions and clear potential for market growth,” explains Michael Janssen,
chief financial officer of Brokat. “Brokat already has a strong base of
e-finance customers in Europe and we look forward to serving this growing
market with a variety of financial services offerings.”

About eONE Global

As the leading source for accelerating payment innovation, eONE Global, LP
() identifies, develops, and operates emerging payment
systems and related technologies spanning the business, government and
consumer markets. Its operating companies include SurePay, LP
(), which creates trusted end-to-end electronic business
payment solutions and services that complete the financial supply chain for
corporations and trading networks on a global scale, as well as govONE
Solutions, LP (http://www.govONEsolutions.com), which enables businesses and
consumers to make government payments electronically. eONE Global is owned by
global e-commerce and payment services leader First Data Corp. (NYSE: FDC) and
iFormation Group, 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.

About Metavante Corporation

With more than 3,500 clients, including the largest 20 banks in the United
States, Metavante Corporation is a leading financial services enabler,
providing virtually all the technology an organization needs to offer
financial services. Metavante offers customer relationship management,
electronic banking, electronic funds transfer and card solutions, electronic
presentment and payment, financial technology services, private label banking,
and wealth management solutions. Headquartered in Milwaukee, Wis., Metavante
is wholly owned by Marshall & Ilsley Corporation. For more information, see
.

About Brokat Technologies AG

Brokat Technologies is a global leader in software that enables
user-centric business. Brokat’s product families — e-finance and e-brokerage
applications — are used by over 2000 enterprises worldwide. Information on
Brokat and its products is available at .

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Buy.com Alive

buy.com Inc. said Friday that thanks to its founder the company will not go dark on September first. The firm announced Friday the renewal of its merchant services bankcard agreement. Scott Blum, buy.com’s founder, provided the necessary financial support which enabled buy.com to obtain the renewal. Buy.com serves over 4 million customers. Last week the company confirmed that it has until September 1st to locate a new processor after its current processor notified the company of its intention to terminate credit card services. The termination was to be effective July 23, but an extension was negotiated after Buy.com agreed to pay a 1% surcharge on the processing fee, and 5% hold back for a security deposit. The extension will expire August 31st. (CF Library 8/22/01)

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Home Equity Platinum Card

Homecomings Financial, a provider of lending services to mortgage brokers, has partnered with TNB Card Services of Dallas to issue a Platinum MasterCard tied to a home equity line of credit. The Platinum MasterCard will provide customers with convenient access to their home equity line of credit. TNB will begin issuing the cards in September. Approximately 35,000 accounts will be part of the conversion.

“We are pleased to partner with Homecomings Financial to launch this new product for their customers,” commented Rollie Penn, executive vice president of TNB Card Services. “Customers will enjoy added convenience when using a Platinum MasterCard to access their lines of credit as compared to a check product. The MasterCard solution will deliver reduced costs, increased profits, and will enhance the management information available to Homecomings.”

Homecomings provides superior loan administration services and, as a wholly owned subsidiary of GMAC-RFC, has access to a wide array of mortgage products. According to industry reports, Homecomings Financial ranks as one of the top 25 residential mortgage servicers and top 10 subprime servicers in the United States. The center for loan servicing activity is located in Dallas, TX with servicing sites in San Diego, CA and Blue Bell, PA.

TNB, based in Dallas, provides full-service card processing through an alliance with First Data Corporation. TNB was formed in 1976 by a group of credit union visionaries who joined forces to gain membership in the Visa and MasterCard Associations. Still owned and directed by credit unions, TNB has grown into a company that provides credit and debit card services to hundreds of small to medium sized issuers and their 3 million members nationwide. This exceptional growth can be traced directly to TNB’s focus on personalized service and commitment to finding customized solutions to the challenges credit unions and other independent issuers face. For more information about TNB Card Services visit [www.tnbcard.com][1].

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

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Little Tightening

Only one out of ten credit card issuers have tightened credit card standards this summer by raising the minimum required credit score. According to the ‘August 2001 Senior Loan Officer Opinion Survey on Bank Lending Practices’ by the Federal Reserve, the demand for mortgage loans increased sharply in the prior three months but the credit standards for approving residential mortgage loans were largely unchanged. About 10% of domestic banks, on net, reported that they had tightened standards on credit card and other consumer loans over the survey period, down from 18% in May. In addition, more than 10% of respondents increased the minimum required credit score for both categories of consumer loans. For consumer loans other than credit cards, 14% of domestic institutions, on net, increased spreads over their cost of funds, down from about one-fourth in the previous survey, but only a few banks increased spreads on credit card loans in August. On net, 5% of banks reported stronger demand for consumer loans over the past three months.

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Bankruptcy 2Q/01

As most credit card issuers confirmed in second quarter earnings reports, personal bankruptcies soared during April, May and June. More than 400,000 cases were filed during the second calendar quarter, the highest number ever filed in one quarter. According to data released Friday by the Administrative Office of the U.S. Courts, a total of 400,394 petitions were filed between April 1 and June 30 of this year, a 24.5% increase over the 321,729 cases filed in the same period last year. Since the first of this year, 767,235 petitions have been filed. Given the impending bankruptcy reforms and rising unemployment, the total number of bankruptcies for 2001 could approach a record 1.5 million. For the 12-month period ending June 30, bankruptcy filings rose 8.6%, from 1,276,922 to 1,386,606. The total bankruptcy figures include 36,910 and 37,135 business bankruptcies for the 12 month periods ending June 30 of 2000 and 2001, respectively. For current and historical information on bankruptcy data visit CardData ([www.carddata.com][1]).

2Q BANKRUPTCY TRACK RECORD
2001: 400,394 1995: 235,302
2000: 321,729 1994: 216,213
1999: 345,956 1993: 229,406
1998: 373,460 1992: 250,622
1997: 367,168 1991: 246,946
1996: 297,162

Source: Administrative Office of the U.S. Courts

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

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Direcway Payments

Hughes Network Systems has partnered with Paymentech to offer a bundled service for payment authorization processing via satellite for small and large businesses. The ‘DIRECWAY’ payment authorization solution provides merchants with online transactions and a simplified statement with a lower, flat monthly fee. HNS currently transports over 5 million transactions per day for tens of thousands of retailers, gas stations and restaurants using the ‘DIRECWAY’ satellite service. GolfSwitch, a ‘Vertical Internet Application Service Provider’ that owns and operates the largest private communications network in the golf industry and a new customer, has signed as the first VAR for the service. ‘DIRECWAY’ will be marketed directly by HNS and through VARs in specific vertical markets, including golf, pharmacies, food services and other specialty retailers.

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GCA ACM Contracts

Twenty gaming properties have recently signed contracts to use the innovative products and services of Global Cash Access (GCA). GCA is the leading supplier of cash access, financial management and customer relationship marketing technologies to the gaming industry.

Among the products and services offered by GCA are the Automated Cashier Machine (ACM(SM) and an array of guest development marketing services.

ACM is a “smart ATM” that uses Internet and facial biometric technology to offer patrons a quick way to access multiple cash access services and other entertainment needs in a single stop – without the need of cage operator assistance.

GCA’s guest development marketing services assist casinos in understanding their customers and increase traffic to the gaming floor and events.

Properties that signed agreements with GCA are:

— Athena – Tarpon Springs, Fla. — Bully’s Sports Bar Mount Rose – Reno, Nev. — Bully’s No. 3 – Sparks, Nev. — Fantasea Cruises – Texas City, Texas — Harrah’s Jazz Casino – New Orleans, La. — Harrah’s St. Louis Casino and Hotel – Maryland Heights, Mo. — Jump Up Casino – St. Maarten, Netherlands, Antilles — Santa Ana Star – Bernalillo, N.M. — TLC Enterprises, Inc. — Golden West Casino – Las Vegas — Howl at the Moon Saloon – Las Vegas — Loose Caboose Central – Las Vegas — Loose Caboose Nellis – Las Vegas — Loose Caboose Rainbow – Las Vegas — Loose Caboose Saloon – Las Vegas — Loose Caboose Tropicana – Las Vegas — Magoos Bar & Grill – Las Vegas — Magoos Cheyenne – Las Vegas — Magoos East – Las Vegas — Magoos Hideaway – Las Vegas — Top Cat Bar – Las Vegas

Global Cash Access was formed in 1998 and is a joint venture of First Data Corp. and M&C International, Inc. Providing access to the gaming industry’s largest patron database, Global Cash access uses Internet technologies to deliver funds transfer, financial management and customer relationship marketing services to more than 1,000 gaming properties nationwide. More information on the company is available at [www.globalcashaccess.com][1].

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

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OPC in KS

Official Payments Corporation announced that Anderson, Morton, Sherman, Thomas, Allen, Meade, and Rice County have signed service agreements.

These agreements enable taxpayers to pay their personal property, which includes motor vehicle renewal, and real estate tax obligations over the Internet by visiting www.officialpayments.com, or via the telephone by calling toll-free 1-800-2PAY-TAX. American Express(R), Discover Card(R), MasterCard(R) and VISA(R) are the cards accepted by the program. Official Payments Corp. is the leading provider of electronic payment options servicing over 900 government entities within 48 states, the Internal Revenue Service, 18 state governments including the state of Kansas, and the District of Columbia to collect taxes, fees, and fines by credit card over the Internet and telephone.

“We are making great progress in Kansas with both top-down and bottom-up business growth,” said Thomas R. Evans, Chairman and CEO of Official Payments Corp. “Earlier in the year we entered into new agreements at the state level and we have continued to make solid advancement with local government clients. We now do business with 27 counties and municipalities in Kansas,” added, Mr. Evans.

County real estate tax bills will be distributed between November 1st and November 10th; bill due dates are December 20th and June 20th. County personal property bills are distributed on a monthly basis by last name. This new option has been live in Meade, Rice, and Allen County. The service will be live later this year in Thomas, Sherman, Morton, and Anderson County.

Official Payments Corp. charges taxpayers a convenience fee for processing these credit card transactions. The fee schedule can be found on the Internet at www.officialpayments.com. For example, a taxpayer who owed a current tax of $800.00 in real estate taxes and charged their taxes, would find a total of $825.00 on their credit card statement: $800.00 for the tax bill and $25.00 for the convenience fee. American Express(R), MasterCard(R), Discover(R) and VISA(R) 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 48 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.

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