E-Mail Billing

API, Inc. of St. Paul, Minn., and NBDS/CHEXpedite Payment Solutions of Fort Worth, Texas, have formed a strategic alliance to focus on the delivery of e-mail billing, payment, and settlement services for corporations focusing on communications, transportation, finance, manufacturing, and distribution. The new e-mail billing service is currently being implemented with two large airlines air cargo divisions, and several other corporations are now evaluating its use.

“This new billing, payment and settlement service is a natural extension to API’s business outsourcing solutions, specifically for corporate billing and accounts receivable departments,” said Gary Halleen, President and CEO of API, Inc. “We’re excited to be working with CHEXpedite. The CHEXpedite payment and processing product adds value to our services by allowing for payment by check or credit card of bills sent via e-mail, and can be used for business-to-business or business-to-consumer transactions.”

“API’s comprehensive approach provides a superior, integrated strategy that strengthens the business case for corporations to transition to e-mail billing, payment, and settlement,” says Mike Boggs, NBDS/CHEXpedite Executive Director of Business Development. “We believe that this model will accelerate product acceptance.”

The API/CHEXpedite process allows corporations to bill business clients and/or individual customers by e-mail, and provides the recipient with a detailed online bill. The recipient can select a payment choice, determine payment timing and amount, and authorize the payment, all while online. This process differs from traditional aggregator strategies, and follows the traditional consumer behavior model for bill receipt and payment in the world of paper invoicing and payments.

About the companies:

API, Inc. automates the integration of technologies for the centralization of business processes like shipping, accounts payable, and accounts receivable. The company focuses its efforts on providing turnkey solutions for instant access, retrieval and distribution of information. These solutions exist for the life cycle of the document and extend these capabilities to the end user and the customer.

NBDS/CHEXpedite, Inc.’s primary focus is to provide merchants with electronic payment solutions that reduce cost and increase cash flow and profit, while also improving customer satisfaction. These payment solutions work in the vast majority of business environments including retail point of purchase, back office truncation, mail order/phone order sales, payment of recurring accounts receivable and the Internet.



Dione plc has appointed Tim Dean as Alliances Manager for the European
Market. The appointment is part of Dione’s continuing expansion following the
development of its new range of EMV certified terminals and the move by
banking organizations away from magnetic stripe to smart card technology.
At Dione, who is the UK’s largest manufacturer of stand-alone EPOS/EFTPOS
terminals, Tim will be establishing new reseller channels throughout
Europe. Tim Dean joins Dione with over 20 years of experience of the IT
sector holding several marketing and sales management positions during this
time. This includes experience as a channel manager for Tetra/Sage both
internationally and in the UK and as Director of Tetra operations in South
Africa. More recently Tim worked for CPIO one of Sage’s largest UK resellers.


DataWave CFO

DataWave Systems, Inc. announced the appointment of Marc L. Belsky, up to now a member of the Board of Directors, as the new Chief Financial Officer for the Company. “Marc will be a major asset to DataWave as we position ourselves to enter new prepaid markets and provide new and innovative solutions to the financial marketplace,” said CEO Josh Emanuel. “Marc’s impressive track record within the financial community and the important international relationships that he has formed will bring many new ideas and opportunities to DataWave today and in the future,” said Josh.

Marc has over 20 years of experience in the financial marketplace both as a financial services executive and a CPA. He has held senior level strategic, financial and line positions at National Australia Bank and its previously owned US subsidiary, Michigan National Corporation. His most recent position was Senior Vice President, Payment Products and Services, U.S. Region. Previously, Mr. Belsky was Head of Strategy for National Australia Bank’s Asia Pacific Cards Group.

“I am very excited about this opportunity to join DataWave. Having worked with DataWave in the past, I have first hand experience with its dedicated executive employees and I look forward to joining this excellent team full time. DataWave is poised to offer new prepaid products and to move into new and exciting markets internationally both by organic growth and acquisition, and I look forward to being involved in this transition,” said Marc Belsky.

Concurrent with Mr. Belsky’s appointment, John Gunn, who previously served as DataWave’s CFO, will remain as General Manager, responsible for all North American Operations. John will assume new responsibilities for the DataWave Prepaid Card Company. John will also continue on as Secretary for the company.

“John has been a very important part of our executive team at DataWave since November 1997, and I am very excited that he has decided to take on a new role with our newly acquired DataWave Prepaid Card Company,” said Josh Emanuel.

John has more than 20 years experience in senior positions in operations, information technology and finance. His strong technical and systems background, coupled with financial experience, will be instrumental in developing the infrastructure needed as the Company moves to the next stages of growth with the acquisition of the AT&T Prepaid Card Company.

About DataWave ([www.datawave.ca][1])

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.

[1]: http://www.datawave.ca/



Gemplus has offered its 3,000+ French employees voluntary early
retirement in an effort to cut costs. Gemplus has offered its French staff
a bonus of 120,000 francs to take voluntary early retirement. The Company
also has closed a plant in Germany with the loss of 200 jobs, but the smart
card firm does not plan further cuts.
Gemplus cut its second-quarter and annual forecasts to reflect the slowdown
in the mobile phone market. The group is now forecasting a 2% to 5% rise in
2001 sales, down from 12 to 14% previously, and a second-quarter operating
loss between 10 million and 15 million Euros. Gemplus is also in the
process of finding a buyer for its identification and tracking division Tag
after selling its SkiData unit recently to raise cash reserves.


FlightFund Promotion

One year after three companies created a phenomenal loyalty program for their customers, the offer is getting even sweeter. From now through Sept. 15, 2001, America West Airlines FlightFund members can use their FlightFund Visa cards to earn triple miles for credit card purchases at 76 gas stations and Circle K convenience stores nationwide.

“We put this promotion into effect during the summer travel season to allow families to get the most miles for their purchases,” said Bernie Han, senior vice president, marketing and planning, America West Airlines.

“The triple miles offer is a terrific way to reward FlightFund Visa cardholders when they use their card to make everyday purchases at 76 gasoline stations and Circle K convenience stores,” explains Marc Flanary, manager of credit card marketing for 76 and Circle K.

“We thought cardholders would appreciate the convenience of using their FlightFund Visa card for summer travel expenses while earning extra miles toward their next vacation at the same time,” said Marino Orlandi, senior vice president, card services, Bank of America.

Members have earned more than five million miles in the first year of this program. Cardholders have received double miles for FlightFund Visa card purchases at 76 / Circle K stores since May 2000. After Sept. 15, through Dec. 31, 2001, the bonus mile offer will return to double miles. Miles accumulated through FlightFund Visa card purchases at 76 / Circle K stores are automatically credited to each member’s account.

76 and Circle K are registered trademarks of Tosco Marketing Company, the Tempe, Arizona-based retail division of the Tosco Corporation (NYSE: TOS). Tosco, which currently has over $28 billion in annualized revenues, is the largest independent refiner and marketer of petroleum products in the United States, and is the nation’s largest operator of company-controlled convenience stores. Additional information about Tosco is available at http://www.tosco.com.

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 38 international offices serving 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 (NYSE: BAC) is listed on the New York, Pacific and London stock exchanges. The company’s Web site is [www.bankofamerica.com][1]. News, speeches and other corporate information may be found at [www.bankofamerica.com/newsroom][2].

FlightFund members who do not have a FlightFund Visa card can apply by calling 1-800-691-2933 or by enrolling online at . New cardholders will receive up to 5,000 bonus miles upon first-time approval of the FlightFund Platinum Visa card or receive 2,500 bonus miles upon first-time approval of the FlightFund Classic Visa card.

FlightFund, America West’s worldwide frequent flyer program, offers travelers a unique and flexible program with First Class upgrades and free domestic award travel beginning at 20,000 miles year-round. New members will receive 2,500 miles after their first flight. Customers who are not already FlightFund members can contact the FlightFund Service Center at 1-800-247-5691 to enroll or sign up on the Internet at [www.FlightFund.com][3].

America West Airlines, the nation’s eighth-largest carrier, serves 92 destinations with more than 900 daily departures in the U.S., Canada and Mexico. Along with its codeshare partners, America West serves more than 180 destinations worldwide. America West Airlines is a wholly owned subsidiary of America West Holdings Corporation, an aviation and travel services company with 2000 sales of $2.3 billion.

[1]: http://www.bankofamerica.com/
[2]: http://www.bankofamerica.com/newsroom/
[3]: http://www.FlightFund.com/


Debit Rewards

As debit cards and reward programs link up, First Data Resources has introduced ‘Debit Rewards’. The new debit card product enables debit card issuers to develop, calculate and fulfill a variety of incentive programs for their cardholders, including cash back, rebates, merchant partnerships and travel programs. Debit issuers can assign an individual reward strategy that designates which programs are available to each cardholder, making it highly customizable according to the issuers’ needs. Reward information can be easily communicated to cardholders via their monthly checking account statement. First Data is one of the first third party debit card processors to offer an incentive program specifically designed for the debit market.


MasterCard Online

MasterCard has launched a newly redesigned consumer Web site that integrates visual and copy elements of MasterCard’s “Priceless” campaign. The redesigned MasterCard.com will focus on consumers, allowing easier navigation of the most popular online features, including ‘Apply For a Card’, ‘ATM Locator’, ‘MasterCard Exclusives Online’ and information and entry into MasterCard’s consumer sweepstakes and promotions. A separate Web site, mastercardintl.com, will provide corporate information, including press releases and job listings. The second phase of the overhaul of MasterCard.com is slated to launch in the fourth quarter. Additional enhancement plans, ‘Phase III’, include a global rollout, aligning the sites in MasterCard’s key countries, in the first quarter of next year. The Web site redesign project, which began early this year, involved numerous MasterCard internal groups, such as ‘Global Interactive Marketing’ and ‘Global Technology and Operations’. Both Luminant Worldwide and McCann-Erickson contributed to the redesign.


724 2/01

724 Solutions Inc. announced preliminary results for the second fiscal quarter ended June 30, 2001. Revenues for the quarter will be approximately $14.1 million, a 255 percent increase compared to the same period of fiscal 2000. Pro forma loss per share for the quarter is expected to be $(0.27) to $(0.29), an improvement of approximately 30 percent compared to the same period of fiscal 2000. Pro forma loss is net loss for the period, adjusted for amortization of intangibles, equity in income (loss) of affiliate, stock-based compensation and certain non-recurring expenses, including one time costs incurred in connection with the integration of TANTAU Software, and the realignment of 724 Solutions’ business. These adjustments are expected to be in the range of $5.0-6.0 million. (All amounts in U.S. dollars.) “Our global pipeline of opportunities is the strongest it has ever been, but the economic uncertainty is causing some of our larger license deals to take longer to close,” said John Sims, Chief Executive Officer, 724 Solutions. “Given the uncertain economic outlook — and the potential that this may continue to affect our sales cycle on large strategic contracts — we believe that it is prudent to adjust our revenue expectations for the year to $67.0 million.”

724 Solutions will announce its second quarter earnings and provide more detailed company results on July 25, 2001 during a conference call scheduled for 5:00 pm EST. Participants can access the call via the Company’s website at [www.investors.724.com][1] or by dialing 416-620-2406 (Canada) or 1-888-434-1242 (International). A replay of the teleconference will also be available for 48 hours and can be accessed by dialing 416-626-4100, reservation #19309027.

About 724 Solutions Inc.

724 Solutions Inc. is a leading global provider of Internet infrastructure software that enables the delivery of secure financial services applications and mobile transaction solutions across a wide range of Internet-enabled devices. The 724 Solutions suite of products and services enables companies to realize value through the mobile Internet by building, deploying, and integrating personalized and secure mobile commerce and lifestyle applications. With dual headquarters in Toronto, Canada, and Austin, Texas, the company has development and sales offices around the world. 724 Solutions’ common shares are listed on the NASDAQ National Market (SVNX) and The Toronto Stock Exchange (SVN). For additional information visit [www.724.com][2].

[1]: http://www.investors.724.com/
[2]: http://www.724.com/


Dashboard Aggregation

Two companies have teamed to create the next generation of account aggregation offering wireless accessibility, actionable alerts, and a range of customization options. 724 Solutions and CashEdge will each market the wireless solution to credit card issuers which includes a ‘Financial Dashboard’ and ‘Personalized Actionable Alerts’. The ‘Financial Dashboard’ account management tool gives consumers a single view of all of their key relationship information, including account balances and transaction histories, regardless of how many financial institutions they do business with. ‘Personalized Actionable Alerts’ enables credit card issuers to notify cardholders, by phone or on an Internet-enabled device, when transactions have been completed, or when their credit card balances hit pre-set highs or lows, The solution also offers access over virtually any Internet-enabled device as well as rapid deployment. CashEdge is the first aggregator to offer a multi-lingual, multi-currency platform currently supporting financial institutions in the U.S., Canada and the U.K.



Oberthur Card Systems announced the $3.3 million acquisition of the remaining 50 percent of Rapsodia Software from French customer relationship management specialist, Prosodie.

Rapsodia Software, set up in May 1999 as a joint venture between the two companies, will become a fully integrated business division of Oberthur Card Systems under the management of Olivier Leroux its current managing director. The software is a critical part of the smart card leader’s full range of value-added services it provides its global customer base.

“We set our sights a while ago on making the shift from being a ‘smart card provider’ to working with our customers to provide them with a complete end-to-end solution,” noted Thomas Savare, chief executive officer of Oberthur Card Systems. “This acquisition consolidates this shift; we have acquired a technology expertise that is key to our chip card solution offer.”

Rapsodia Software operates within the wireless industry to provide innovative software platforms for mobile value-added services. Headquartered near Paris in Boulogne Billancourt, Rapsodia also has an office in Hong Kong, a headcount of approximately 50 people and generated revenues of $3.2 million in 2000 (compared to $1 million in 1999).

Rapsodia Software has delivered wireless software (SIMphonIC platform) to 20 customers in Europe and Asia, most notably a multi-application GSM portal to Philippine-based operator Smart Communication for which it was awarded the GSM Association title of ‘The Most Innovative Wireless GSM Service for Customers’. As the leader of solutions for the remote management of interoperable open platform cards, Rapsodia Software helps customers generate new revenue streams and increase market penetration.

Following the acquisition of card management specialist, Smart Cards International in 2000 and the creation of its consulting arm, Oberthur Advise, earlier this year, this latest investment by Oberthur Card Systems strengthens its leading position as the solutions and services provider in the smart card market.


This agreement does not end the strong business relationship established between Rapsodia and Prosodie who will continue to offer solutions based upon Rapsodia’s technology. The collaboration between the two companies has been further reinforced by the signing of a distribution contract allowing Prosodie to offer Rapsodia’s solutions to mobile operators.

The acquisition of Rapsodia was completed on July 23, 2001.

About Oberthur Card Systems

Oberthur Card Systems (Paris Stock Exchange – Code SICOVAM 12413), a global leader and the innovator in the smart card industry, is shaping the future by offering the ultimate in SIM, WAP, 3G (IMT-2000/UMTS), e-wallet technologies & Internet-based card management services coupled with a firm commitment to open standards.

Championing EMV migration, Oberthur is the world’s #1 supplier of MasterCard and Visa cards, #1 in banking, e-commerce, m-commerce and pay-TV, Oberthur is also the #1 in JavaTM and GSM technologies.

Oberthur Card Systems has an international reach ensured by 30 sales offices and 20 manufacturing sites across the five continents. Oberthur Card Systems had sales of 451.1 million Euros in 2000.



Nationwide, which launched the UK’s first retail internet banking service four years ago, today announced it is to conduct a pilot of its planned WAP phone banking service.

The mobile phone service is being trialled by 250 members ahead of the full launch this summer, and follows a successful in-house testing programme involving almost 100 Nationwide employees.

Nationwide’s WAP banking service will enable members with a current account and supported phone to

· View account balances and their last 12 transactions;

· Transfer money between Nationwide accounts;

· View and make bill payments;

· Order a new or replacement “PIN” number.

About 80% of online banking members visiting the Nationwide website (http//www.nationwide.co.uk) do so to carry out one or more of the above transactions.

The WAP service will also be accessible to members with a Nationwide credit card or savings accounts registered for internet banking. Initially, supported phones are the Nokia 7110, 6210 and 6250.

It is estimated that, by the year 2003, more people will access the internet via portable devices such as personal digital assistants (PDAs) and mobile phones than standalone PCs (source Gartner).

Jim Willens, Nationwide’s e-commerce director, said “Adding WAP banking underlines the commitment to making our products and services accessible to members through as many channels as possible.

“The full launch will take place this summer with the exact date to be determined by the feedback we get from members participating in this pilot.”

Nationwide launched the UK’s first retail internet banking service in May 1997 and Europe’s first banking service for PDAs operating on the Microsoft Pocket PC platform in December 2000. About 700,000 Nationwide members are registered for internet banking.

Members registered for internet banking can also access their accounts via Nationwide branches, post and telephone. A full internet TV banking service will also be launched this summer. You can register for internet banking on the Nationwide website, in branches and over the telephone.

Nationwide’s WAP banking service will be accessible through all UK mobile phone networks. Users dial-up servers at Nationwide, rather than access the service through a WAP portal site.

Credit card

Nationwide credit cardholders will be able to view their account balance, credit limit and last 12 transactions via the WAP banking service.

Savings accounts

Members with passbook-based CashBuilder, Smart, Smart2Save and Instant Access ISA investment accounts will be able to view balances and their last 12 transactions.

In addition, those with the card-based versions of these accounts, plus InvestDirect and e-Savings, will be able to transfer money between Nationwide accounts and order PINs.



Bumiputra-Commerce Bank Berhad, the second
largest commercial banking group in Malaysia, has chosen PKTech to install
Corillian’s eFinance-enabling software to provide online
banking services to customers of BCBB. This is Corillian’s third
Malaysian win, with Corillian Voyager now chosen by 3 of the top 5 banks
in Malaysia.

The project involves the implementation of the Corillian Voyager Internet
banking platform, a robust and secure system with the ability to handle
large volumes of online customer traffic. The system will enable BCBB to
offer its customers personalized financial management, portal facilities
and one-to-one marketing.

In choosing Corillian to enhance its online banking services, BCBB is
joining banks like Bank One, Chase Manhattan, Eurobank and RHB Bank, which
are currently running or in the process of implementing the Corillian
Voyager platform.

Corillian Voyager – The Operating System for eFinance(TM) – is a
high-performance platform that allows for the delivery of financial
services to customers over the Internet. Voyager provides a link between a
financial institution’s legacy host system and its consumers, using
Internet browsers, personal financial management software and
Internet-ready wireless devices. Voyager’s open architecture design allows
an institution to quickly integrate emerging technologies, deploy the
platform in-house or in a secure data center, and customize the entire
Internet banking presentation to its customers.

Following hot on the heels of the recent contract with RHB Bank, this deal
is the third in Asia for Corillian, already a leading player in the US
with a strong track record for providing cutting-edge eFinance solutions
to financial services institutions. Corillian’s success in Asia also
demonstrates that eFinance solutions developed for the US market can be
adapted for other markets. With over 40 financial institutions already
licensing the Voyager product in the US, the Corillian Voyager platform
offers unparalleled levels of scalability for leading banks that are
planning to enhance their Internet operations internationally.

“This deal is a another major step forward for us in Asia,” said Giles
Hewson, Corillian’s business director for Asia. “This will aid Corillian’s
penetration of other Asian markets such as Thailand, Singapore, Indonesia
and the Philippines. The competitive nature of these markets should result
in a greater liberalization and the rapid adoption of new technologies.
International banks that do not invest in world-class eFinance software
may find that domestic banks are able to attract their best customers away
with state of the art Internet banking services. The unparalleled
scalability and open architecture that Corillian provides will permit
forward thinking banks like BCBB to take the initiative and provide the
benchmark for internet banking in this region.”

About BCBB

BCBB was established on October 1, 1999 by the merger of Bank Bumiputra
Malaysia Berhad and Bank of Commerce Berhad. Bank Bumiputra Malaysia
Berhad has been a client of PKTech since 1994. BCBB, the second largest
commercial banking group in Malaysia, offers a comprehensive range of
financial services, and is a part of Commerce Asset-Holding Berhad, a
leading financial services group listed on the Kuala Lumpur Stock
Exchange. BCBB has a large network of more than 240 branches throughout
Malaysia and a worldwide presence with offices in London, New York,
Singapore, Hong Kong and Tokyo.

About PKTech

PKTech is a public-listed systems integration company that markets and
supports mission critical solutions. Founded in 1992, PKTech today has
operations in Singapore, Malaysia, Philippines, Indonesia, Hong Kong and
India, staffed by a large pool of IT and business professionals.

PKTech partners with premier global solution providers while providing
industry domain and technical expertise to implement and support software
solutions. Our areas of focus are in the banking and financial industry
as well as the public and commercial sectors. Over the past nine years,
PKTech has successfully installed mission critical IT systems for many of
the leading institutions in the region. Some of PKTech’s clients in Asia
include Arab-Malaysian Bank Berhad, Bumiputra-Commerce Bank Berhad, Hong
Leong Bank Berhad, Baiduri Bank Brunei and The Philippines National Bank.

PKTech has also successfully expanded beyond Asia, participating in the
implementation of banking and corporate systems in many major financial
centres across Europe, Africa, the Middle East and North America. For
more information, visit www.pktech-i.com.

About Corillian

Based in Oregon, and with international offices in Europe, Asia and
Australia, Corillian Corporation is an award-winning provider of
eFinance-enabling software for the financial services industry. Built on
the Microsoft Windows 2000 platform, Corillian applications support
Internet banking, bill delivery and payment, brokerage, customer
relationship management, enhanced data aggregation, and small business
transactions. Voyager can be deployed on-site at the financial firm or in
the state-of-the-art Corillian Data Center. Corillian technology also
enables Open Financial Exchange (OFX) access by finance management
software packages such as Quicken®, QuickBooks® and Microsoft® Money. For
more information about Corillian Corporation, visit our Web site at