Cable & Wireless Information
Systems Ltd. has reached a distribution agreement with Diebold, Incorporated
, the leading supplier of self-service solutions in the Americas.
Cable & Wireless Information Systems Ltd. will offer installation and
maintenance of Diebold automated teller machines for banks throughout
the Caribbean.

“We have been active in the Caribbean for a number of years, concentrating
on specific islands, including Puerto Rico and the U.S. Virgin Islands,” said
Ernesto Unanue, vice president and managing director, Latin America for
Diebold. “We are truly looking forward to working with Cable & Wireless to
furnish financial institutions in the eastern Caribbean with our high caliber
self-service and security solutions.”

Besides self-service products Diebold offers comprehensive electronic and
physical security products, as well as professional services. Diebold is
considered a pioneer in the manufacture of vaults, safe deposit boxes and
safes, with more than 140 years of experience. Diebold also provides cutting-
edge security products including the popular RemoteTeller(TM) System,
MicroBranch, PassVault and Accutrack Digital Server.

“Tourists visiting the Caribbean expect the same high level of service
they receive when they are at home. Diebold’s proven solutions offer the
consumer a touch-point that is familiar and trusted,” said Glen Smith, general
manager, Cable & Wireless. “Besides enhancing their image with consumers,
banks working with us will benefit from the increased revenues and improved
availability these solutions offer.”

Cable & Wireless Information Systems Ltd. markets and supports computer
based-solutions for businesses in Barbados and the Eastern Caribbean.
Diebold, Incorporated is a global leader in providing integrated self-
service delivery systems and services. Diebold employs more than
10,000 associates with representation in more than 80 countries worldwide and
headquarters in Canton, Ohio, USA. Diebold reported revenue of $1.7 billion
in 2000 and is publicly traded on the New York Stock Exchange under the symbol
‘DBD.’ For more information, visit the company’s Web site at



MasterCard outpaced VISA in Latin American card growth last year but VISA
continues to dominate the region with a market share of nearly 85%. Gross
purchase and cash volume in Latin America increased more than 27% during
2000 while total transactions increased nearly 26%. MasterCard added four
million new cardholders last year to bring its total Latin America cards to
29.6 million. VISA holds an overwhelming lead in merchant acceptance
locations by nearly a two to one ratio. Among the fastest growing Latin
America countries with at least US$1 billion in volume: Mexico, Argentina,
Dominican Republic, and Costa Rica.



The Bush-Gore election hanging chad debacle may be a thing of the past as ATM leader, Diebold, moves deeper into electronic voting machines. Diebold announced this morning it has signed a non-binding letter of intent to acquire Toronto-based Global Election Systems. Diebold says it projects the U.S. voting marketplace to generate $1.5 to $2.0 billion in hardware revenue during the next four to five years. Last year Diebold’s Brazilian subsidiary, Procomp, supplied the world’s largest nationwide voting system, used by 109 million voters, during elections held throughout Brazil. The GES acquisition is expected to be completed during the third quarter.



Diebold, Incorporated announced it has signed a non-binding letter of intent to
acquire Global Election Systems Inc.. This
transaction is subject to certain conditions, including the completion of due
diligence, the negotiation and execution of definitive agreements and the
approval of the merger by Global’s stockholders.

The agreement in principle includes a stock-for-stock transaction valued
at $1.50 per common share of Global Election Systems, subject to a maximum of
.05 Diebold shares and a minimum of .04 Diebold shares per Global Election
share. Global has approximately 21 million shares outstanding. Diebold will
also provide $5 million of immediate financing to Global. Diebold expects the
acquisition to be neutral on 2001 earnings and accretive in 2002. The
acquisition is expected to be completed during the calendar third quarter.
Diebold is entitled to a breakup fee in certain circumstances if the
acquisition is not completed.

Diebold and Global also signed a contract manufacturing agreement where
Diebold will produce more than 500 AccuVote-TS touch screen voting terminals
to fulfill a contract previously secured by Global.

“This action will complement our existing core competencies in self-
service technology and security,” said Walden W. O’Dell, Diebold chairman,
president and chief executive officer. “Global is an industry leader with
excellent voting solutions, and provides Diebold with considerable expertise
and knowledge of the U.S. election solutions market.”

O’Dell continued, “With Diebold’s solid financial position, manufacturing
capability and a nationwide service and support organization, we will become a
formidable solutions provider for the elections industry. We expect the U.S.
voting marketplace to generate $1.5 to $2.0 billion in hardware revenue during
the next four to five years. This acquisition allows us to immediately
capitalize on this expanding market, rather than undergo the lengthy
certification and development process necessary to enter the market with our
Brazilian product.”

Last year Diebold’s Brazilian subsidiary, Procomp, supplied the world’s
largest nationwide voting system, used by 109 million voters, during elections
held throughout Brazil. Procomp provided the Brazilian government with a
turnkey voting system, including more than 180,000 voting terminals,
accessories, software, installation, training, logistics and support.
Global Election Systems Inc., is an industry leader in the election equipment
marketplace with over 850 jurisdictions in North America utilizing its
AccuVote (optical scan) or AccuVote-TS (touch screen) voting systems. Its
product line also includes VoteRemote, a high speed automated absentee ballot
printing and processing system. Global’s acquisitions and strategic alliances
have enabled the Company to participate in international bids involving
nationwide voting system projects.

Diebold, Incorporated is a global leader in providing integrated self-
service delivery systems and services. Diebold employs more than
10,000 associates with representation in more than 80 countries worldwide and
headquarters in Canton, Ohio, USA. Diebold reported revenue of $1.7 billion
in 2000 and is publicly traded on the New York Stock Exchange under the symbol
‘DBD.’ For more information, visit the company’s Web site at
http://www.diebold.com .



The Government of Saudi Arabia’s RFP (request for proposal) is calling for a national ID card program
utilizing a “Smart Optical Card,” which is a card with an optical memory and an IC chip.

The request for proposal includes the following card specifications and requirements:

— Cards must support the capability to insert an IC chip within the card (“Smart Optical Card”) that
meets the relevant ISO/IEC 7810 standards.

— Data capacity of the optical card must be at least 2M bytes with Error Detection and Error Correction
(EDEC) for burst errors.

— Cards must meet the general characteristics for optical memory cards as specified in ISO/IEC

— Cards must comply with the linear recording methods specified in ISO/IEC 11694 parts 1, 2, 3, and 4.

— Cards must have ThermaPrint backing to support dye diffusion printing.

— The contractor must provide the necessary software to produce a unique personalized embedded
hologram (a visible image, laser encoded into the optical media on the card that is eye-readable under
normal office light, permanent, and unalterable). The hologram should also support the use of covert
machine readable verification by interleaving the digital data version of the hologram with the visible
hologram image.

According to the RFP issued by the Kingdom of Saudi Arabia Ministry of Interior, the intent of this
project is to produce ID cards that fulfill exact requirements as to clarity, durability, and life expectancy.
Two card types will be required — differing in security features, lifetime requirements, and quantities.
“Secure Cards” with a five-year lifetime (denoted as Type T5) calls for a quantity of 4,500,000 cards,
and “Enhanced Security Cards” with a ten-year lifetime (denoted as Type T10) calls for a quantity of
5,500,000 cards. The RFP states that “These cards will be issued by the Ministry of Interior and
distributed through its many offices to the citizens and legal residents of the Kingdom of Saudi Arabia.”


GemLucence Cards

Gemplus has introduced a new translucent card technology which allows visible light to pass through while creating infrared opacity. The new ‘GemLucence’ cards are available in ‘TechnoTone’ colors including: Cyber, Photon, Enertia, Synergy, Electro, Nitro, Quasar, and Kinetix. Gemplus says that unlike other translucent cards in the marketplace, the ‘GemLucence’ cards permit the execution of three-dimensional graphic treatments in the card design. In the U.S., translucent cards took hold after the introduction of the American Express ‘Blue’ card in 1999 and the MBNA ‘Quantum MasterCard’ last summer. Last September, Providian introduced the first translucent ‘smart VISA’ card. This year the French bank, Banque Directe, introduced a translucent ‘VISA Carte Bleue’ smart card. Schlumberger Test & Transactions also recently introduced a transparent smart card called: ‘Luxea’. (CF Library 6/16/00; 7/7/00; 10/26/00; 4/30/01)


UATP Member

Universal Air Travel Plan, Inc. announces American Trans Air as the newest airline to join the UATP acceptance network. ATA joins over 180 other airlines worldwide that accept UATP as their preferred form of payment. *In fact, 95 percent of Available Seat Miles worldwide can be purchased using UATP. Airlines around the world have recognized the value of accepting UATP for its low commission costs, valuable data and revenue generation.

Andrea Klein, UATP Regional Marketing Manager, Americas, said, “I received more requests from UATP card-issuing carriers to recruit ATA as a member than any other airline in the Americas region. We look forward to ATA accepting UATP, knowing it will lower distribution costs and expand their base of business travelers.”

“As ATA has grown, so has the number of business travelers flying with us,” said Don Moonjian, ATA’s Vice President of Marketing. “These customers have told us that UATP is important to them. Acceptance of the UATP card fills a void that will allow us to provide yet one more valuable service to that critically important group of travelers.”

ATA, the principal subsidiary of Amtran, Inc. (Nasdaq: AMTR), is now in its 28th year of operation. As the nation’s 12th largest passenger airline, ATA operates scheduled service flights to popular vacation destinations and major business centers. Low fares, electronic ticketing, and advance seat assignments make travel on ATA a customer-friendly experience. To make a reservation, contact your travel agent, or call ATA at 1-800-I-FLY-ATA, or en Espanol at 1-800-VUELA-ATA. If you would like to make a reservation online or learn more about the company, visit ATA’s website at http://www.ata.com .

Universal Air Travel Plan, Inc., formerly known as the Air Travel Card(R), is the world’s first business travel payment system. Founded in 1936, UATP was an innovator in the charge card industry, developing such standards as the magnetic strip and lodged accounts. With annual global billings of over USD8 billion, owned and operated by each card-issuing airline and accepted by virtually every airline in the world, UATP offers the most complete data and lowest administrative cost of any charge product. Multi-national corporations, including 73 percent of the Top 100 Global, utilize UATP to better manage travel expenses. Airlines currently issuing UATP accounts include Aer Lingus, Air New Zealand, Alitalia, Ansett Australia, American Airlines (NYSE: AMR), Austrian Airlines, British Airways (NYSE: BAB), Continental (NYSE: CAL), Delta Air Lines (NYSE: DAL), Japan Airlines (Nasdaq: JAPNY), KLM Royal Dutch Airlines (NYSE: KLM), Lufthansa German Airlines, QANTAS, Scandinavian Airlines System, Swissair, Trans World Airlines (Amex: TWA), United Airlines (NYSE: UAL) and US Airways (NYSE: U). For more information, visit [www.UATP.com][1] .

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


Online Banking

Pure online banks are beginning to look like failed dreams according to a new research report. However for traditional banks, online banking, whether through a PC, mobile phone or PDA is no longer a competitive advantage but rather a competitive necessity. Meridien Research says traditional banks are best positioned to take advantage of online banking because customers expect access through branch offices and ATMs as well. Meridien forecasts the number of active Internet banking users worldwide will grow from 23 million today to 32 million in 2003. Most are in the United States and Scandinavia.


GiftCertificates Funding

GiftCertificates.com, the leading provider of gift certificates and related services for corporate clients and consumers, announced Wednesday that it has secured $21.7 million in private financing, which includes a $7.5 million line of credit from Imperial Bank, one of the nation’s leading providers of financial services to mid-sized companies including some of the fastest growing industries, such as technology, entertainment, manufacturing, distribution, and residential construction. The company plans to use the additional financing to support general operating expenses, including inventory financing, additional technology investments, and marketing initiatives.

“Continued financial support in today’s challenging environment clearly validates our business model and the success we’ve experienced to date,” said Michael Ahern, CEO of GiftCertificates.com. “The additional financing combined with the credit line from Imperial Bank enables us to pursue opportunities fundamental to our growth strategy and to achieve our business objectives – including becoming cash flow positive by the end of the year.”

About GiftCertificates.com

Established in 1997, GiftCertificates.com(TM) is the leading provider of gift certificates and related services for corporate clients and consumers. The Company’s direct sales force has worked with over 5,000 businesses in all major industries to implement gift certificates in their corporate incentive, loyalty, and promotional campaigns, primarily through the use of the SuperCertificate(TM), a flexible gift certificate that can be redeemed at GiftCertificates.com for original gift certificates to hundreds of participating merchants. The Company represents more than 700 merchants, including national retailers Bloomingdale’s, Eddie Bauer(R), and Crate and Barrel; luxury retailers Neiman Marcus and Dean & DeLuca; travel-related services American Airlines(R) and Marriott Hotels; service merchants Merry Maids and Terminix; and popular restaurants T.G.I. Fridays, Red Lobster, and McCormick & Schmick’s. Merchant gift certificates and SuperCertificates can be delivered through standard or express mail. Email delivery is also available for SuperCertificates and select merchant gift certificates. For more information, visit www.GiftCertificates.com.

GiftCertificates.com and SuperCertificate are trademarks of GiftCertificates.com, Inc.

About Imperial Bank

Imperial Bank, a Comerica Incorporated company that was founded in 1963, has been a technology banking leader for nearly a decade, and offers a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. The Emerging Growth Division provides credit and financial services and products to young, growing professionally backed technology companies in the computer products, Internet services, telecommunications, life sciences and e-commerce industries. Within the Emerging Growth Division is Venture Capital Services, which is dedicated to providing venture capitalists a full range of banking services. From offices located in the U.S., Imperial’s senior level venture backing team serves all major technology centers.

Comerica Incorporated is the 19th largest bank holding company in the nation, with $50 billion in assets. Comerica acquired Imperial Bancorp, the former holding company of Imperial Bank, on January 31, 2001.


BannerDirect Gets Grogan

BannerDirect of New York, NY, is pleased to name Bill Grogan to fill the new position of National Category Director, starting immediately. BannerDirect created this position in order to continue the growth that has marked this as a watershed year for the firm and to broaden BannerDirect’s expertise in additional industries. Mr. Grogan will be reporting to Patricia Kelly, Vice President, and Director of Sales and Marketing. ‘Bill’s twenty-two years of marketing experience in the insurance products and services industry make him an excellent candidate for this new position,’ says Ms. Kelly.

Based in New York, NY and Long Island, NY, Mr. Grogan will be responsible for generating new client relationships in all categories, but with an emphasis in the insurance industry.

‘BannerDirect is always expanding its reach in order to service its clients and maintain the level of excellence for which the company has come to be known. Each member of our team works closely in partnership with each of our clients, to achieve successful, cost-efficient direct marketing strategies ‘ said Christine Fontana, President. ‘Bill will be a key player on this team.’

Bill Grogan’s prior positions include President of George Gwen Associates, Inc., a group insurance marketing firm and Vice President of Northern Intelligence, a regional insurance claim servicing organization. Married with two children, Mr. Grogan lives in Sands Point, Long Island and will be working out of the Long Island and New York offices.

BannerDirect is a full-service direct marketing agency recognized for the development and execution of direct response marketing programs for clients in the financial, entertainment, telecommunications, association, retail, and medical publishing industries. Its expertise includes comprehensive marketing strategy and planning; creative development; production management; list procurement; list processing; and, data analysis. BannerDirect is headquartered in New York City; production coordination and fulfillment are managed from BannerDirect’s Wilmington (NC) office. BannerDirect has sales offices in New York City, Milwaukee (WI), Carson City (NV), Charlotte (NC), and Long Island (NY).



WI-based Metavante Corp. has closed its deals on Atlanta-based Derivion and San Jose-based CyberBills. Both acquisitions were announced in May. Metavante said the acquisitions will round out its EPP offerings to include bill service provider and consumer service provider capabilities, document composition technology, and Internet banking capabilities. Metavante has 3,500 clients including nearly 2,500 EPP clients.


Concord Stock

Concord EFS announced this morning a public offering of 22.5 million shares at $49.50 per share. The shares offered include slightly more than 17 million shares held by selling stockholders, most of whom were the former owners of Star Systems, which was acquired by Concord in February, plus an additional 5.5 million shares being sold by Concord. Concord intends to use the net proceeds it receives from the offering for working capital and general corporate purposes. The offering was managed by Salomon Smith Barney, Goldman, Sachs, William Blair, Banc of America, Bear Stearns, Merrill Lynch and Morgan Keegan.