Home Depot BEETLE

Wincor Nixdorf Inc., a leading provider of IT products and solutions to the retail and banking industries, announced that The Home Depot has chosen the BEETLE/Mobile POS platform for supporting their mobile inventory management applications in the company’s Expo Design Center stores.

Wincor Nixdorf’s Mobile POS incorporates a standard BEETLE system with DC power supply mounted on a cart; it is powered by a standard 12-volt battery and delivers more than 20 hours of continuous operation. The Home Depot will deploy the Mobile POS for pricing and ordering in the store, using its ability to update prices and print labels on the spot. The systems are being installed in existing Expo Design Centers and will be used in all new Expo Design Center stores going forward.

The BEETLE/Mobile POS is the only system in the industry to offer extended battery-powered operation. The system is self-contained within a rolling cart, allowing it to be wheeled to different locations within the store to serve multiple purposes. Untethered by power or network cables, the Mobile POS can be used as a full cash wrap on wheels and as a store management system for inventory, shelf labeling, and other functions. The Mobile POS provides handwriting recognition capability through Wincor Nixdorf’s 12.1″ TFT resistive touch screen. The systems provide wireless connection to The Home Depot’s store LANs using 802.11 RF networking.

“Because of The Home Depot’s demanding store environment, we had stringent requirements for reliability and durability in a mobile device,” said Danny Branch, vice president of information systems for The Home Depot. “We also had to ensure that the systems were compatible with The Home Depot’s existing application. Wincor Nixdorf paid close attention to our requirements and provided the engineering expertise that was needed to ensure that the Mobile POS met our specifications.”

“Wincor Nixdorf is delighted to expand our relationship with The Home Depot through this new initiative,” said Jeff Soisson, vice president, Wincor Nixdorf Retail Solutions Group. “Our ability to make custom engineering changes to the Mobile POS is a testimony to the versatility of the BEETLE platform and the strength of our worldwide engineering group.”

The BEETLE Family of POS Systems

Wincor Nixdorf’s BEETLE family of POS systems addresses the complete spectrum of customer touch points in the retail store environment. With solutions that encompass thin-client POS terminals, lean- and thick-client POS systems, kiosks, lottery terminals, and mobile POS devices, the BEETLE family is the industry’s most comprehensive POS product line. An open design supporting commonality of components across the entire BEETLE family substantially simplifies software deployment and hardware maintenance, keeping costs down and productivity high.

More than just PCs, BEETLE systems are rugged, designed to withstand the rigors of retail environments. All systems include standard retail interfaces, accept a wide range of peripherals, and are compliant with established retail software standards. Standard operating systems include Red Hat(R) Linux(R), the Microsoft(R) Windows(R) family, and Microsoft DOS.

The BEETLE family of POS systems is the industry’s first and only complete line of customer-proven, production-level POS systems that are fully certified on the Linux platform. The systems also offer the most expansive and complete set of JavaPOS(tm) drivers for POS peripherals.

About The Home Depot

Founded in 1978, Atlanta-based Home Depot currently operates 1,225 stores in 48 states, seven Canadian provinces, Puerto Rico, Chile and Argentina. The company was recently named in the Top 10 Most Admired Companies in America by Fortune magazine, which as also ranked it as America’s Most Admired Specialty Retailer for seven consecutive years. Its stock is traded on the New York Stock Exchange (NYSE:HD) and is included in the Dow Jones Industrial Average and Standard & Poor’s 500 Index.

About Wincor Nixdorf

Worldwide, Wincor Nixdorf Inc. is one of the fastest growing providers of IT products and solutions for the retail and banking industries. Wincor Nixdorf’s offerings include hardware, application software, professional services and a complete range of service programs including on-site support, depot service and Advanced Exchange. Wincor Nixdorf is the world’s third largest provider of POS systems and automated teller machines. Employing more than 4,000 people, Wincor Nixdorf operates in 40 countries with manufacturing plants in Germany and Singapore. North American headquarters are in Austin, Texas. For more information, visit [www.wincor-nixdorf.com/usa][1].

[1]: http://www.wincor-nixdorf.com/usa

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FUSA First Mentors

Make a Difference. Have Fun. Be a Mentor. Become a friend to a child. First USA and Big Brothers Big Sisters of America are teaming up again this summer to sponsor the second annual First Mentors scholarship. First Mentors, a nationwide college-mentoring program, unites college students with children in need of a caring friend. The program offers college students an opportunity to learn mentoring skills, while giving children the chance to learn the fundamentals of college.

As part of the First Mentors program, 42 essay winners nationwide were selected to receive a $1,000 scholarship to use towards various education-based summer camps, including American Computer Experience (ACE) and Space Camp.

These scholarships are part of First Mentors, a program which pairs “littles”, children ages eight through 12, with “bigs”, college students. They continue to learn from one another throughout the year as they participate in a variety of activities ranging from sports to cooking. “Being a mentor is so rewarding,” said Todd Smith, a senior at the University of Delaware. “It gives me a chance to give something back to my community, and more importantly, today’s youth. It’s amazing to see what a difference we make in these children’s lives.”

One part of the scholarship application process requires “littles” to write an essay on the importance of attending college. Here’s what some of them had to say:

— “I believe that college is an important step in life. I know
in our culture today that learning is very important. In order
to be excellent at any career, a college education is
absolutely the thing to get!” Brady
Springfield, Mo.

— “College is so important because it helps you to learn
communication skills and how to work with others.”
Elisha
Buffalo, N.Y.

— “College can prepare you for many different careers and great
things. It opens your mind to other points of view and helps
you to see things differently. You can learn things that you
never knew before, and prepare yourself to do things that
nobody else has ever done.” Ethan
Phoenix, Ariz.

— “College is important to me because I value an education. I
feel that an education is my key to success and if I have an
education, I can do or be anything I want to be.”
Elise
Ann Arbor, Mich.

— “I think college is important because you get better at what
you do, you can improve what you are trying to do and you can
get a better education.” Brandon
Newark, Del.

— “There are three reasons why I think college is important.
College will help me go on in life with positive motivation, I
will be able to get a better job if I graduate from college
and going to college will help me become an example for
others.” Azara
Lafayette, La.

Together, Big Brothers Big Sisters and First USA are making college students realize that they’re never too young to impact a child’s life.

Todd Piercy, First USA employee and Big Brother for almost two years, realizes the importance of being a role model for kids and hopes that other corporations will follow in First USA’s footsteps to work with their communities in developing mentoring programs. “I’m proud to say that I’m affiliated with a company like First USA that not only cares about its employees but also about helping the local children in its communities and across the country.”

Big Brothers Big Sisters of America and First USA launched First Mentors in September 1999. To date, more than 126 Big Brothers Big Sisters agencies and 223 colleges and universities are participating in the First Mentors program, serving more than 2,000 children. Big Brothers Big Sisters of America is the oldest and most widely known mentoring organization serving youth in the country. For almost 100 years, Big Brothers Big Sisters has helped millions of children through its more than 500 agencies nationwide.

College students may apply to be part of the First Mentors program by logging on to www.bbbsa.org. They can also contact the national Big Brothers Big Sisters office via e-mail, at national@bbbsa.org or by phone, at 215.567.7000.

First USA, a subsidiary of Bank One Corporation (NYSE:ONE), is the largest issuer of Visa(R) credit cards in the world. First USA offers credit cards for consumers and businesses under the First USA and Bank One names and on behalf of its 1,900 marketing partners. These partners include some of the leading corporations, universities and affinity organizations in the United States. Bank One Corporation is the nation’s fifth-largest bank holding company, with assets of more than $270 billion. Visit our site at [www.firstusa.com][1].

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

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WorldPay Deal

WorldPay, Inc., the global leader in multi-currency transaction processing and eCommerce, and ContentGuard, Inc., a leading provider of comprehensive, flexible Digital Rights Management (DRM) solutions, Monday announced an alliance that will, for the first time, expand content providers’ market and create new revenue streams for them by enabling them to easily sell digital content throughout the world in scores of local currencies. Under the agreement, WorldPay, the only truly international company in the eCommerce payment processing arena, will process online financial transactions for ContentGuard’s customers, which include IndyPublish, Libronauta, WetFeet and Xerox Graphics.

Companies that use ContentGuard’s RightsEdge platform and services for the protection and management of digital content will benefit from WorldPay’s ability to conduct electronic transactions in 130 currencies and 90 nations around the globe. This will enable content providers to further capitalize on the potential of the digital content market that, according to a recent Accenture (NYSE: ACN) report, is expected to be worth more than $30 billion by 2005.

“WorldPay and ContentGuard together provide a powerful solution to the challenges of ensuring secure financial transactions and intellectual property in eCommerce,” said David Talley, Vice President of Finance and U.S. Operations at WorldPay. “The combined power of our technologies will enable companies to sell digital content on a truly global basis.”

“Selecting a financial clearing services partner with a truly global solution was critical to ContentGuard’s promise to provide the ultimate level of ease and flexibility to our content providers,” said Lou Schiavone, Vice President of Services and Operations at ContentGuard. “WorldPay has been extremely responsive to our needs and has a clear understanding of the business challenges, such as dealing with multiple business models in multiple currencies, faced by the emerging digital content industry.”

About ContentGuard, Inc.

ContentGuard, Inc., launched in April 2000, is the catalyst for the revolution in eContent(TM). The company offers DRM solutions designed to encourage Internet distribution of digital content such as eBooks, music and business reports. ContentGuard’s cross-platform technology, based on research originally developed at Xerox’s Palo Alto Research Center (PARC), and suite of services allow content owners and distributors to manage their intellectual property, track usage, prevent unauthorized access and enable a range of business models for user consumption. With operations in Bethesda, MD and El Segundo, CA, the company’s key relationships include Microsoft Corporation (NASDAQ:MSFT), Xerox Corporation (NYSE:XRX) and Accenture (NYSE: ACN). For more information, please visit [www.contentguard.com][1]

About WorldPay, Inc.

WorldPay is a global leader in multi-currency, secure online card payments and international eCommerce solutions. WorldPay enables one of the most fundamental components of eCommerce: the ability for customers to securely purchase goods and services through the Internet, and for businesses to receive and process payments securely.

WorldPay has created eCommerce solutions that enable online credit card payments in over 130 currencies, and has partners and customers in more than 90 countries worldwide.

WorldPay provides a one-stop service to enable businesses to trade successfully online, set up online stores and accept payments without need for separate bank approval. Its cost-effective online solutions include:

— Credit and debit card processing through WorldDirect

— Credit card fraud protection for both eTailers and customers with the WorldPay Guarantee

— Online eCommerce storebuilding with Click and Build

— Integration tools for tailor made, individual eCommerce solutions

— eCommerce storefront design consultancy and support

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

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Advanta 2Q/01

Advanta reported second quarter net income for Advanta Business Cards of $8.8 million. Business Cards ended the quarter with managed receivables of $1,899,304 up 6.6% from last year, and second quarter volume of $1,093,457, an 8.9% increase over 2Q/00. Delinquencies (30+ days) were 5.79% for 2Q/01 compared to 3.70% one year ago. Charge-offs for the first quarter were 7.44% on an annualized basis compared to 3.84% for 2Q/00. For complete details on Advanta’s 2Q/01 and previous performance please visit CardData ([www.carddata.com][1]).

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

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DATAWAVE BUYS iDVDBox

DataWave Systems, Inc. has signed a non-binding term sheet to purchase 100% of the share capital of iDVDBox Inc, Boca Raton, Florida, from MoneyCard.com Corp, Richmond, Virginia.

Both iDVDBox Inc and MoneyCard.com are privately held companies. iDVDBox, Inc is a high-tech company engaged in the research and development, manufacturing and marketing of a leading edge prototype consumer electronic product, an Interactive-Internet DVD player. The company’s patent pending BoxEngine Technology is the first of its kind in the industry for the enrichment of home entertainment experience. If the transaction is consummated, DataWave will issue to MoneyCard.com 11 million shares of Datawave as consideration for the purchase, subject to the regulatory approval of the Canadian Venture Exchange and Datawave’s shareholders. The purchase is subject to completion of a definitive agreement, successful completion and delivery by iDVDBox of the pilot production of 200 fully working units, DataWave shareholder approval and regulatory approval of the Canadian Venture Exchange. Datawave has commissioned a valuation respecting iDVDBox, Inc. No finders fee will be paid to any party by DataWave. Abe Carmel is the Chairman of the Board of both DataWave Systems, Inc. and iDVDBox Inc. Further details will be disclosed in the Information Circular to be prepared for an Extraordinary Shareholders Meeting to be held to approve the transaction, if the Company decides to proceed.

About DataWave (http//www.datawave.ca)

DataWave Systems designs, develops, produces, owns and manages a proprietary, intelligent, automated direct-merchandising network, comprised of free-standing intelligent machines (DTMs) and over the counter “swipe” units (OTCs) connected to the gateway and database software through a wireless and/or landline wide area network. This unique leading-edge technology provides for point-of-sale activation, cash/credit card acceptance, detailed reporting and 24/7 remote self-diagnostic troubleshooting, making it virtually maintenance-free. The Company has proven enabling technologies that have allowed it to enter new markets and generate additional revenue streams with innovative prepaid and financial services products. In addition to its successful prepaid calling card business, the company is testing the distribution of the Michigan National Bank Prepaid MasterCard together with Coinstar. DataWave is now poised to capitalize on the flexibility of its System by augmenting its product range to meet the diversified and changing needs of the prepaid market and in further developing strategic partnerships.

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ACCEPTFINANS ACQUIRED

GE Capital, the financial services arm of the General Electric Company, announced it has entered into an agreement to acquire 100% of the equity of AcceptFinans A/S, the Danish consumer lending subsidiary of Gjensidige NOR Sparebank of Norway, for DKr567.6 million ($66.5m(1)). AcceptFinans A/S will become part of GE Capital’s Global Consumer Finance unit. Completion is expected to occur within the next two weeks.

Operating in Denmark, AcceptFinans A/S has a total loan portfolio of 1.3 billion DKr, and engages in sales finance and personal loans. It is one of the leading consumer finance companies in the growing and increasingly competitive Danish market. GE Capital’s acquisition of AcceptFinans A/S broadens the product portfolio of GCF’s Danish operations and will substantially expand its retail offering.

Commenting, Dan O’Connor, President and CEO of GE Capital GCF, Europe said

“This acquisition presents an excellent strategic fit for our Danish GCF operations, and means we can strengthen our offerings in the Danish market through better and more effective financing solutions than have been possible to date. We will be able to offer our customers a broader product range across the Danish region, and the business will achieve both significant economies of scale and cost synergies.”

Prior to this acquisition, GCF employed approximately 400 people in the Nordic region, with the largest portion being located in Sweden.

(1) Conversion based on closing mid-point on 20th July 2001, as reported in Financial Times 23rd July 2001 ($1 = DKr8.5325).

GE Capital Consumer Finance

GE Capital Global Consumer Finance (GCF) delivers credit and insurance products and services to retailers, auto dealers and consumers in 33 countries worldwide. GCF provides private label credit cards and proprietary credit services to some of the worlds leading retailers, auto dealers and manufacturers. GCF’s retail partners, which include Laura Ashley, Wal*Mart, Home Depot, and Meyer Grace, span such diverse industries as apparel, home furnishings, appliances and electronics. GCF also offers a diversified portfolio of direct-to-consumer financial programs, including personal loans, mortgages, auto loans and leases, insurance products and MasterCard and Visa credit cards. It is one of the largest sales finance and personal loan providers in Scandinavia , with clients such as ELON and Europamobler in Sweden, Expert and Co-op in Norway and Merlin in Denmark.

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UC CARD

Mizuho Holdings announced today it will merge all of its credit card affiliates including Dai-Ichi Kangyo Bank Card, Fujigin Credit Co, and IBJ Card Service, into its UC Card Co unit. The merger is expected to be completed by the first quarter 2002. Following the merger UC Card will have 8.2 million cardholders that generate 1.6 trillion yen in annual charge volume. UC Card will produce an annual projected profit of 7.5 billion yen.

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Smart Card POS

Last week marked the first time a POS merchant location in the US accepted an EMV compliant consumer smart card for a payment transaction by reading the card’s microprocessor chip. Vital Processing and National Processing have collaborated to begin accepting chip-read payment transactions in NPC’s employee cafeteria in Louisville, KY. The inaugural purchase transaction was made using a Providian ‘smart VISA’ card. Both Vital and NPC have developed terminal applications for accepting smart cards at the POS. NPC will run Hypercom’s touch screen-based ‘ICE’ card payment terminals in its cafeteria and Vital will provide the POS authorization services during ‘smart VISA’ transactions that transpire at the terminals.

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CARD FRAUD

The Barclaycard ‘Worldwide Card Fraud Index’ has found that Spain is the number one destination for credit card fraud for British travellers. Spain was followed by the USA and France. Barclaycard analyzed all fraudulent transactions made on Barclaycards over the year ending June 2001. Stealing cards, PIN number theft, and skimming ranked as the top fraud methods. Turkey and Australia are new entries into the index while Brazil and Hong Kong fell out of the top 10 for the first time.

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Tax Rebate Card

As federal income tax rebate checks are disbursed this week, Kmart is unveiling a ‘Tax Rebate Cash Card’. Consumers who cash their rebate checks at Kmart may convert their rebate check into a cash card with a five percent bonus. The new cards are available at Kmart’s more than 2,100 locations effective immediately. The ‘Kmart Tax Rebate Cash Card’ with the five percent bonus will be available only at the Service Desk. Customers may also redeem their checks at face value for cash at any register. More than $38 billion in federal income tax rebate checks will be mailed out to about 91 million U.S. taxpayers over the next 10 weeks. Households that paid federal income tax in 2000 will receive one-time checks for $300 to $600.

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CARD STANDARDS

People’s Bank of China said its plans to renovate China’s card payment systems with common standards are underway, and will enable customers to access ATM and make POS purchases with any card in nearly 300 Chinese cities by 2003. Industrial and Commercial Bank of China with 70 million cards, The Agricultural Bank of China with 50 million bank cards, and the Bank of China with 28 million cards are participating.

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