MONEY TRANSFERS

MoneyGram Payment
Systems, Inc., a leading provider of consumer money transfers, has been
selected as the money transfer service provider of GWK Bank NV, The
Netherlands. GWK and MoneyGram will provide money transfer services to
consumers at all of GWK’s 65 locations beginning July 2001.

GWK has extensive experience in the money transfer business, acting as one
of Western Union’s most important worldwide agents for the past 10 years.

“After an extensive research project, MoneyGram was chosen as our partner
because of their proactive and flexible approach,” explained Willem-Jan van
den Heuvel, managing director of GWK. “They have already demonstrated their
desire to provide outstanding service to our customers.”

“GWK’s decision to switch providers is a huge vote of confidence in our
service,” said Philip W. Milne, president and chief executive officer of
MoneyGram, “and it brings us a significant ‘win’ in MoneyGram’s international
expansion strategy.”

“With GWK’s excellent reputation, network coverage and experience in the
international money transfer market, we can give MoneyGram customers an even
broader range of options to safely, quickly and reliably both send and receive
money around the globe,” added Mohit Davar, chief operating officer and deputy
CEO, MoneyGram International Limited.

MoneyGram has over 37,000 locations in more than 150 countries around the
world.

MoneyGram transfers are used globally by people without traditional
banking relationships, expatriates who send money to their home country,
traditional bank customers in need of emergency money, tourists without local
bank accounts and others who need rapid and economical wire transfer services.

MoneyGram, which was established in 1988, was acquired in May 1998 by
Travelers Express Company, a subsidiary of Phoenix-based Viad Corp
(NYSE VVI), a $1.8 billion business services company traded on the New York
Stock Exchange under the symbol VVI. Viad owns businesses primarily in the
payment services and convention and event services industries.

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PROCESSING AGREEMENT

First

Data Corp. announced its card processing subsidiary,

First Data Resources, has signed a three-year contract renewal with Popular

Bank & Trust, Ltd.

As the leading financial institution in the Dominican Republic,

Popular Bank & Trust will partner with First Data to receive bankcard

processing and other card portfolio management services until 2004.

Popular Bank & Trust was one of the first Latin American banks to partner

with First Data for card processing services in 1984.

“We are very pleased to continue our strategic partnership with First

Data,” said Aylin Hung de Suarez, business division manager, Popular Bank &

Trust. “As one of the leaders in the card processing industry, First Data

provides the advanced technology, scale of resources, and dedicated service

that helps us improve our profitability and meet the needs of our clients.”

In addition to Popular Bank & Trust, First Data processes for three

leading financial institutions in Latin America. First Data also provides

money transfer services to consumers through more than 176 Western Union®

agent locations throughout the Dominican Republic.

“As First Data continues to enhance its international presence, we are

pleased to renew our relationship with Popular Bank,” said Eula Adams,

senior executive vice president and head of worldwide card operations for

First Data. “For the past three decades, First Data has been committed to

partnering with our issuing clients to deliver the advanced tools and

technology needed to maintain and grow their portfolios in an increasingly

competitive environment.”

First Data processes for 311 million accounts on file around the

world. For more than 30 years, First Data has developed products and

services which enable card issuers to enhance their portfolio growth,

increase market share, reduce risk and improve profitability.

About Popular Bank & Trust

Popular Bank & Trust, which previously operated as Banco Popular Dominicano
(Panama), S.A. acquired Popular Bank & Trust Cayman credit card operations
in November 2000. The Company is an established bank with an international
license to provide services to clients throughout the Dominican Republic
and Latin America. The company has total assets of U.S.$341.8 million.

About First Data

First Data Corp. (NYSE FDC), with global headquarters in Denver, powers
the global economy. As the leader in electronic commerce and payment
services, First Data serves approximately
2.6 million merchant locations, 1,400 card issuers and millions of
consumers, making it easier, faster and more secure for people and
businesses to buy goods and services using virtually any form of payment.
With 30,000 employees worldwide, the company provides credit, debit, smart
card and stored-value card issuing and merchant transaction processing
services; Internet commerce solutions; Western Union® money transfers and
money orders; and check processing and verification services throughout the
United States, United Kingdom, Australia, Canada, Mexico, Spain and
Germany. Its money transfer agent network includes approximately 104,000
locations in more than 186 countries and territories.

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Card Easy ID

VeriFone has come up with a solution to eliminate the Jenna Bush problem. The terminal manufacturer has installed multi-application POS terminals in three liquor stores in Arkansas and Colorado to check a customer’s age as well as accept credit card payments. The three stores installed ‘Omni 3300’ terminals running both the ‘Easy ID’ and ‘SoftPay’ e-payment software. ‘Easy ID’ enables merchants conduct age verification by swiping magnetic-stripe driver’s licenses, which are used in 33 states, or by keying in the birth-date that appears on licenses without a magnetic-stripe. ‘Easy ID’ keeps a journal of the last 500 transactions on the terminal, indicating date, partial license number, birth date, product(s) requested and whether purchase was approved or denied. One of liquor stores plans to add applications to accept check payment, PIN-based debit and a loyalty program.

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TCT GOES VVA

ValiCert, Inc. announced that TC TrustCenter, a
subsidiary of Germany’s leading private financial institutions that include
Commerzbank, Deutsche Bank, Dresdner Bank and HypoVereinsbank, has selected
the ValiCert Validation Authority(TM) (VA) solution for incorporation in the
Identrus system infrastructure it offers to bank customers. By choosing this
ValiCert solution, TC TrustCenter can enable secure e-Transactions among
Identrus member banks worldwide.

Deutsche Bank and HypoVereinsbank recently went into live production with
their Identrus implementation using ValiCert Validation Authority while both
Commerzbank and Dresdner Bank are expected to soon become Identrus-enabled
while also utilizing ValiCert VA. Dresdner Bank Group is one of Europe’s
leading financial services groups with over 1,400 branches and
50,000 employees in more than 70 countries. Commerzbank is one of Germany’s
largest private banks, maintaining outlets in roughly 45 other countries, with
a number of subsidiaries, branches and representative offices in the world’s
leading financial centers. As a “universal” or all-purpose bank, Commerzbank
functions as both a commercial bank, offering a broad palette of services in
wholesale and retail banking, and as an investment bank.

“Secure communication is the key to successful business and TC TrustCenter
meets this need by relying on ValiCert to provide the trust solutions
infrastructure that is vital for online transactions,” said
Sathvik Krishnamurthy, vice president of marketing and business development
for ValiCert. “As a result of the ValiCert-enabled infrastructure put in place
by TC TrustCenter, Identrus member banks such as Commerzbank and Dresdner Bank
can quickly and easily establish privacy, authentication and integrity in the
electronic business process.”

“ValiCert is widely recognized as a leading provider of Identrus-enabled
solutions, making them an ideal TC TrustCenter business partner,” said
Dr. Sabine Kockskamper, managing director of TC TrustCenter. “The ValiCert
Validation Authority solution is extremely flexible and easy to integrate into
our infrastructure, enabling us to offer our customers the reliability they
require to transact secure e-Commerce.”

“Identrus is the first organization to bring together the necessary
components to enable companies worldwide to address trust and risk barriers
that have to date impeded the wide adoption of e-commerce as a means of
facilitating sophisticated global business transactions,” said Kristin Kupres,
chief operating officer for Identrus. “ValiCert provides one of the
infrastructure components that make the Identrus system a reality.”

About TC TrustCenter

The TC TrustCenter GmbH is one of the leading suppliers of IT security
worldwide. The company’s core services are the issuance of digital
certificates and the set-up and operation of Public Key Infrastructures (PKI)
for the administration of digital certificates. The TC TrustCenter GmbH is a
partner for the outsourcing of security infrastructures and manages the
implementation and operation of a PKI. This allows the customers to make use
of TrustCenter-owned technology without having to acquire complicated know-how
about cryptography.

In addition, the TC TrustCenter GmbH, in corporation with the strategic
Partner Global Commerce Systems, establishes the infrastructure within the
framework of the worldwide certification institution of Identrus LLC to allow
the participation of financial institutions in the Identrus system.
With roughly 120 employees, the TC TrustCenter GmbH is a subsidiary of the
Commerzbank AG, Deutsche Bank AG, Dresdner Bank AG and HypoVereinsbank AG. The
company’s headquarters are based in Hamburg, Germany. More information about
TC TrustCenter can be found on the company’s Web site at http//www.trustcenter.de.

About ValiCert

ValiCert is a leading provider of secure solutions for paperless
e-Business. The company’s open and neutral security solutions are designed to
enable enterprises and service providers to protect all phases of the
transaction lifecycle regardless of the type of credentials that are used for
authentication purposes. ValiCert’s products and services are available
through its direct sales force, resellers and global affiliate network.

ValiCert has technology and marketing alliances with a range of security,
e-Commerce and wireless companies, as well as systems integrators. The
company’s customers include Global 2000 organizations in financial services,
telecom, healthcare and government sectors. ValiCert is headquartered in
Mountain View, California and has offices throughout the US, Canada, Europe
and Asia. ValiCert is available on the World Wide Web at http//www.valicert.com.

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Paymentech Gets HotelTools

HotelTools, Inc., a company specializing in technology solutions for the hospitality industry, has announced its partnership with Paymentech, the nation’s leading acquirer and processor of credit card transactions. The alliance provides credit card and payment processing solutions within HotelTools’ Enterprise Management Solution, the company’s suite of Internet-Native application services comprised of Property Management, Reservations, Guest Management and Reporting. HotelTools’ industry-leading ASP solution provides hotel owners and operators with the tools to manage multiple properties, rates and relationships in real time.

Specifically designed to meet hoteliers’ needs, Paymentech’s Hospitality Solutions include a wide variety of back-end functionality including credit/debit card authorization, transaction processing and comprehensive reporting, as well as expanded payment options and competitive discount rates.

According to Mario Dittmer, Director of Strategic Relationships for Paymentech, “Our partnership with HotelTools allows us to extend our offerings within an ASP solution to our existing lodging customers and potential clients, as well as to bundle our services for the benefit of HotelTools’ customers.”

“As a valued third party partner, Paymentech provides HotelTools’ customers with a comprehensive technology solution for backend processing and value added information services,” stated Todd Sharp, Vice President of Global Solutions at HotelTools. “The addition of their credit, transaction and reporting solutions within our Enterprise suite is a winning combination. Through this partnership, our customers will have the option to unify their multi-property operations by leveraging the HotelTools application services together with select third party applications to better manage their business.”

About Paymentech

Dallas-based Paymentech, the payment solutions company, delivers secure and reliable electronic payment services in merchant acquiring and point-of-sale transaction processing. Paymentech (http://www.paymentech.com ) processed approximately 3.4 billion transactions and $109 billion in bankcard sales volume in 2000. Founded in 1985, the nation’s premier processor and acquirer of credit card transactions is also the leader in non-face-to-face payment processing for Internet and direct marketing.

About HotelTools

HotelTools, Inc. has developed the first Internet Enterprise Software for the hospitality industry. As the lodging industry’s first ASP truly architected for the future, HotelTools leverages the Internet as a cost-effective communications network, giving hoteliers capabilities previously unavailable to most of the industry.

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Smart Target

Smart payment cards in the U.S. got a big boost yesterday as a major retailer announced it will issue ‘smart VISA’ cards as well as install EMV-compliant smart card terminals throughout its chain of stores. MN-based Target Corporation will issue the new smart cards through its Retailers National Bank affiliate this Fall, and will deploy smart card POS terminals in all 990 Target Stores by the Spring of 2002. Target currently has 36.4 million retail credit card accounts according to CardData, and plans to convert millions of these accounts to ‘smart VISA’ cards. VISA says it expects Target to contribute significant growth to the number of ‘smart VISA’ cards issued in the U.S. Even though discussions are still underway, Target says it will focus on developing a loyalty function of the co-branded ‘smart VISA’ that could enable a cardholder to download electronic coupons onto the card from a PC. Target also expects to expand the functionality of its current rewards program offered under the ‘Target Guest Card’ program with the new smart card. The company currently operates 1,320 stores in 46 states including 990 Target stores, 266 Mervyn’s stores and 64 Marshall Field’s stores.

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VisaNet Upgrade

VISA International’s Board of Directors has given the green light to build the next-generation of the ‘VisaNet’ system. Over the next five years, ‘VisaNet’ will be enhanced around a new framework called the ‘VisaNet Distributed Processing Solution’. VDPS will use a series of hardware, software, and connectivity upgrades to increase regional control and capacity. VDPS deployments will operate over an IP-based network, which is being implemented globally over the next three years. The VDPS framework allows easier scalability to accommodate the market needs of any region in the world, delivering cost-effective processing and global interoperability. ‘VisaNet’ processed more than $1.8 trillion in payments in 25 billion transactions last year.

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New Metris Ops Cntr

Metris Companies Inc. announced plans to open a new operations center in Duluth, Minn., in October, and to add 150 jobs at its Minnetonka headquarters this fall. The hirings are expected to boost the company’s Minnesota employee count to more than 1,100 by early next year.

The new Duluth facility will serve as a collections center and will accommodate more than 200 collections representatives and management personnel by early 2002. Additional collections positions are expected to be hired at the site later in 2002. The operations center will be located at 4628 Mike Colalillo Drive in Duluth, in the 20,000-square-foot building formerly occupied by United Health Care. “The opening of our eighth location nationwide is another sign of the tremendous growth and success of Metris Companies,” said Ronald N. Zebeck, Metris Chairman and CEO. “As a Minnesota-based company, we’re proud to be expanding into the Duluth community, and we look forward to establishing Metris as a strong corporate citizen and employer of choice in this market. This move will positively impact the Duluth-area economy as well as our company’s collections operation, so it’s a win-win situation we’re very excited about.”

State Senator Doug Johnson was instrumental in recruiting Metris to the Duluth area. Representing District 6, located just north of Duluth, Johnson chairs the Minnesota State Senate Finance Committee and serves on the Iron Range Resources and Rehabilitation Board and the Jobs, Housing and Community Development Committee, among others.

Duluth mayor Gary Doty and economic development official Mike McNamara also were influential in Metris’ decision to expand to Northeastern Minnesota. “We are thrilled to have an exceptional organization like Metris Companies expand to our community,” Mayor Doty said. “On behalf of our entire city government, I welcome Metris to Duluth and look forward to a long and dynamic association with our newest corporate citizen.” Metris to add jobs in Minnetonka

In related news, Metris also announced it would add more than 150 collections employees at its headquarters in suburban Minneapolis in September. Those positions will give Metris more than 900 Twin Cities employees.

“The Metris collections area continues to thrive and grow, and we’re excited to bring these new positions to our corporate headquarters, which still has plenty of room for expansion,” Zebeck said. “Creating so many new jobs, particularly here in our home state and our hometown, is very gratifying.” Applications are now being accepted for positions in both Duluth and Minnetonka. Resumes may be e-mailed to staffing@metriscompanies.com or mailed to Metris Staffing, 10900 Wayzata Blvd., Minnetonka, MN 55303. Interested candidates may also apply via the Metris Web site at www.metriscompanies.com, or by calling the Metris toll-free staffing line at 877-507-3365, Ext. 2 (Lisa). Metris Companies Inc. is an information-based direct marketer of consumer credit products and enhancement services. The company was recognized in September 2000 as one of “America’s 100 Fastest-Growing Companies” by Fortune magazine. Based in Minnetonka, Minn., Metris also has operations in Scottsdale, Ariz.; Jacksonville, Fla.; Orlando, Fla.; Champaign, Ill.; White Marsh, Md.; and Tulsa, Okla. Metris currently employs approximately 4,200 people.

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OPC in Kansas

Official Payments Corporation announced it has launched a new service that will allow Kansas taxpayers to file and pay their estimated taxes (Form K-40ES) by credit card over the Internet. Estimated tax payments are due in Kansas on April 15th, June 15th, September 15th, and January 15th. Kansas citizens who use the service will not be required to file the traditional estimated tax paper form. Official Payments is authorized by the Internal Revenue Service to provide a similar service for federal individual estimated tax payments (IRS Form 1040-ES).

The new service expands Official Payments’ working agreement with the Kansas Department of Revenue. Prior to the expansion of the agreement, Official Payments collected tax-year 2000 balance due, balance due-prior year and retailers sales tax.

“It is gratifying when an existing client expands the scope of your business,” said Thomas R. Evans, Chairman & CEO of Official Payments Corp. “Thousands of Kansas taxpayers utilized our service in tax season 2000 when making their balance due payments. With the addition of the estimated category we can now service a substantial incremental market opportunity,” added Mr. Evans.

Kansas taxpayers can use the American Express(r) Card, Discover(r) Card, and MasterCard(r) to make their tax year 2000 balance due and tax year 2001 estimated payments by visiting www.officialpayments.com on the Internet. Official Payments will charge taxpayers a convenience fee of 2.5% of their tax payment for the service. For example, a taxpayer who makes a $450 tax payment would be charged a total of $461.25; $450 for the tax payment, and a 2.5% fee, or $11.25, to cover the cost of the service. Taxpayers using credit cards with bonus rewards programs may, 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 800 county and municipal governments in 45 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 has experienced rapid and sustained growth over the past seven reported quarters in revenue, new client acquisition, and addition of incremental services to existing clients. The company’s success 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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FDR Renews Popular

First Data Corp. announced its card processing subsidiary, First Data Resources, has signed a three-year contract renewal with Popular Bank & Trust, Ltd.

As the leading financial institution in the Dominican Republic, Popular Bank & Trust will partner with First Data to receive bankcard processing and other card portfolio management services until 2004. Popular Bank & Trust was one of the first Latin American banks to partner with First Data for card processing services in 1984.

“We are very pleased to continue our strategic partnership with First Data,” said Aylin Hung de Suarez, business division manager, Popular Bank & Trust. “As one of the leaders in the card processing industry, First Data provides the advanced technology, scale of resources, and dedicated service that helps us improve our profitability and meet the needs of our clients.”

In addition to Popular Bank & Trust, First Data processes for three leading financial institutions in Latin America. First Data also provides money transfer services to consumers through more than 176 Western Union® agent locations throughout the Dominican Republic.

“As First Data continues to enhance its international presence, we are pleased to renew our relationship with Popular Bank,” said Eula Adams, senior executive vice president and head of worldwide card operations for First Data. “For the past three decades, First Data has been committed to partnering with our issuing clients to deliver the advanced tools and technology needed to maintain and grow their portfolios in an increasingly competitive environment.”

First Data processes for 311 million accounts on file around the world. For more than 30 years, First Data has developed products and services which enable card issuers to enhance their portfolio growth, increase market share, reduce risk and improve profitability.

About Popular Bank & Trust

Popular Bank & Trust, which previously operated as Banco Popular Dominicano (Panama), S.A. acquired Popular Bank & Trust Cayman credit card operations in November 2000. The Company is an established bank with an international license to provide services to clients throughout the Dominican Republic and Latin America. The company has total assets of U.S.$341.8 million.

About First Data

First Data Corp. (NYSE: FDC), with global headquarters in Denver, powers the global economy. As the leader in electronic commerce and payment services, First Data serves approximately 2.6 million merchant locations, 1,400 card issuers and millions of consumers, making it easier, faster and more secure for people and businesses to buy goods and services using virtually any form of payment. With 30,000 employees worldwide, the company provides credit, debit, smart card and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; Western Union® money transfers and money orders; and check processing and verification services throughout the United States, United Kingdom, Australia, Canada, Mexico, Spain and Germany. Its money transfer agent network includes approximately 104,000 locations in more than 186 countries and territories. For more information, please visit the company’s Web site at www.firstdata.com.

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Ad Spending

CMR, the leading provider of strategic advertising and marketing communications information, announced first quarter advertising spending for the financial sector. Spending $75.8 million in advertising through the first quarter of 2001, Citigroup was the top ad spender in the financial industry. Behind Citigroup, FMR Corp. ranked second, spending $72.7 million. As for the top spending brands, Discover Card spent $34.9 million and Fidelity Investments spent $34.3 million. Overall, the financial sector showed considerable growth from the first quarter of 2000 ($1.48 billion) to the same time period of 2001 ($2.82 billion). This category?s increase of 47.6% outpaced the overall first quarter advertising expenditures, which decreased by 5.2%.

About CMR:

CMR, a Taylor Nelson Sofres company, offers strategic advertising intelligence to advertising agencies, advertisers, broadcasters and publishers. The company?s tracking technologies collect occurrence and expenditure data, as well as the creative executions of over 900,000 brands across 15 media. CMR is headquartered in New York City and maintains sales locations in major markets throughout the United States. For further information, visit

Through its international network of more than 150 offices in over 50 countries, Taylor Nelson Sofres (TNS) provides market information services in over 80 countries to national and multi-national organizations. It is ranked as the fourth largest market information group in the world. For further information, visit .

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