MoneyGram Signs Elektra

MoneyGram Payment Systems, Inc., and Elektra have agreed to provide the MoneyGram wire transfer service for the consumer electronic retailer’s 21 superstores in the Dominican Republic. MoneyGram’s subsidiary, MoneyGram of New York, LLC, was instrumental in securing this contract.

According to Gene Schott, president of MoneyGram New York, LLC, the multi-year agreement provides a significant corridor for consumers sending or receiving funds to or from the Dominican Republic.

“In our experience, the vast majority of money wire transactions for MoneyGram of New York consumers center around the Dominican Republic corridor,” he said. “Elektra’s excellent reputation and coverage of stores throughout the country provide our customers with an additional level of service.” He said customers in the Dominican Republic can pick up funds in any Elektra location in as little as 10 minutes following the transfer from any of the 37,000 MoneyGram agent locations in more than 150 countries around the globe. MoneyGram transfers are used world wide by people without traditional banking relationships, expatriates who send money to their home country, traditional bank customers in need of emergency funds, tourists without local bank accounts and business services that need rapid and economical wire transfer services. MoneyGram Payment Systems, Inc., a subsidiary of Travelers Express Company, is a leading money transfer services company. Travelers Express is a subsidiary of Viad Corp (NYSE:VVI) and provides payment services in the financial, retail and money transfer areas.

To find a MoneyGram agent or more information on Travelers Express go to [www.temgweb.com][1].

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

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LOYALTY SURVEY

Today, a UK survey reveals that eight in ten consumers think that retailers who track and analyze what their customers buy are more likely to be `in touch’ with what their customers really want. Furthermore, the majority (66%) of loyalty card users do not mind sharing information about what they buy with a retailer in return for a good quality loyalty program.

The survey, commissioned by Quadstone, experts in predictive marketing for customer loyalty solutions, is based on a UK-wide survey of almost 1000 consumers, aged 18 and over. It found that six in ten UK consumers have at least one reward/loyalty card and 71% will use them as often as possible. Nick Radcliffe, chief technology officer, Quadstone, said “The results are a very positive endorsement for loyalty programs and clearly indicate that consumers are aware of the benefits from tracking their behavior. Consumers recognize that retailers use their shopping data to design loyalty programs, that are more appealing to their individual needs. As a result, consumers do not mind sharing information with retailers as long as they receive worthwhile, personalized benefits.”

Interestingly, loyalty card users are divided on why retailers swipe their loyalty card when they make a purchase. The survey indicates 46% think it is to credit their account with points; 44% believe it is to collect information about what they purchase; only one in eight (12%) think that it is for both of these purposes.

More than half of the consumers asked think the information collected from their loyalty card is used to design future rewards that will be even more appealing (57%) or tailor offers and mailing more to their individual needs (49%). Four in ten (42%) believe the information is used to “group products together in the store to make shopping easier.”

“Loyalty programs are an effective and simple way to analyze a customer’s shopping behavior for customer and business mutual advantage. By pinpointing individual buying patterns and predicting future customer behavior, retailers can develop personalized, tailored promotions that not only differentiate service, but reduce defection rates and build customer loyalty,” added Radcliffe.

About Quadstone

Quadstone helps companies maximize customer value and generate increased financial returns by understanding, predicting and influencing customer behavior in and across all touchpoints. Quadstone offers software and services for specific industries, touchpoints and applications. These solutions improve the efficiency and effectiveness with which marketing users can address issues of customer retention, ROI, risk and response. Quadstone’ international clients include market leaders in the financial services, retail/e-tail, telecommunications and marketing services sectors and include CVS, GUS, Fingerhut, Barclays and Vodafone UK amongst others. Founded in Edinburgh, Scotland in 1995, Quadstone now also has offices in London, England and Boston, Massachusetts.

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MIST SALE

MIST Inc., a global leader in wireless transaction technology, announced
the completion of the sale of the NBS Bartizan Imprinter Division, based in
Kitchener, Ontario for net proceeds of CAD$7 million. Proceeds of the sale
will be used to repay debt.
“We are pleased that the restructuring of MIST is drawing to a close. Our
vision remains sharply focused the development of wireless transaction
solutions and payment gateway opportunities,” stated Charles E. Lee,
President and CEO of MIST Inc.

About MIST Inc.

MIST Inc. (TSEMIS), a leading global provider of wireless
transaction-enabling technologies, designs, manufactures and distributes
wireless and wired Point-of-Sale solutions. The MIST Freedom family of
wireless transaction terminals was developed to complement MIST’s existing
range of products. The MIST FreedomGate(TM) provides gateway services with
value-added options such as messaging, time and attendance, e-commerce and
advertising. With facilities in Canada, the United States and Japan, MIST’s
clients include North American and international banks, financial
institutions, credit and debit card processors, as well as retail, hotel,
restaurant, healthcare and loyalty customers.

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SMARTEL BASE24

ACI Worldwide announces the licensing of its BASE24(R) payment processing
software to SMARTEL S.p.A., an e-commerce service provider based in Italy.
SMARTEL chose BASE24 to manage point-of-sale (POS) devices and route credit
and
debit card transactions for its more than 500 customers. BASE24 will replace
SMARTEL’s existing highly customized system.

“We provide a wide range of e-commerce services to our clients and need a
system that gives us a strong foundation for our e-payment processing,” said
Sergio Piras, CEO of SMARTEL. “ACI’s solution gives us a solid platform for
our
POS processing–and the ability to add additional services to help our
customers adopt new economy technologies.”
SMARTEL will use BASE24 to build an integrated processing infrastructure that
securely and reliably processes POS transactions. BASE24 provides a scalable
processing platform that can accommodate ever-growing transaction volumes and
transactions initiated via emerging technologies such as smart cards,
electronic wallets and Internet shopping.

“Our BASE24 software offers SMARTEL a powerful payments processing engine that
can handle transactions from both physical and virtual environments,” said
Richard Launder, managing director of ACI Worldwide’s Europe/Middle
East/Africa
operation. “The around-the-clock nature of consumer payments has created a
need
for proven, reliable systems that can scale and support new technologies.
BASE24 meets that need.”
BASE24 is used by more than 340 ACI customers around the world to manage
devices, route and switch transactions, and provide authorization support for
high-volume payments processing. The software operates on Compaq NonStop
Himalaya systems to provide 24/7 support for ATM and POS networks, manned
teller systems, telephone banking, mobile commerce, and Internet banking and
commerce.

About ACI Worldwide

Every second of every day, consumers are initiating electronic payment
transactions-getting cash at ATMs, using debit and credit cards to make
purchases in stores and on the Internet, banking by phone and PC, paying bills
online. Twenty billion times a year, ACI software is used to process these
transactions, powering the world’s online payment systems. ACI was founded in
1975 and pioneered the development of applications and networking software for
online transaction processing. Today more than 2,000 customers in 78 countries
use ACI supplied software. Visit ACI Worldwide on the Internet at www.aciworldwide.com.

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LML – APS DEAL

LML Payment Systems Inc.announced it has signed an
electronic transaction processing contract with Advanced Purchasing Systems of
Phoenix, Arizona.

LML, through its proprietary transaction processing software REPS (Retail
Electronic Payments System) will provide check authorization processing along
with credit, debit and EBT card authorization and selective routing services
to Advanced Purchasing Systems’ four-store grocery chain operating under the
trade name Premier Desert Markets, located in the Phoenix, Arizona area.
“We are pleased with this contract and look forward to providing these
services to the Premier Desert Market stores. We also look forward to the
opportunity to provide additional related check services in the months ahead,”
said Corporation President and CEO, Patrick H. Gaines.

The Corporation, through its subsidiary LML Payment Systems Corp., is a
financial payment processor providing end-to-end check processing solutions
including Electronic Check Conversion (whereby paper checks are converted into
electronic transactions), electronic check verification, electronic check
re-presentment (whereby returned paper checks are re-presented for payment
electronically), and primary and secondary check collection to supermarkets,
grocery stores, multilane retailers, convenience stores and other national,
regional and local retailers. We also specialize in providing selective
routing, including real-time monitoring of check, debit, credit and EBT
transactions for authorization and settlement through our flagship transaction
processing product REPS (Retail Electronic Payment System). The Corporation’s
intellectual property estate, owned by subsidiary LML Patent Corp, includes
new U.S. Patent No. 6,164,528 regarding Internet checking transactions, in
addition to U.S. Patent No. 5,484,988 which describes a “Checkwriting point of
sale system,” which, through a centralized database and authorization system,
is capable of providing and administering various electronic payment services
for customers and businesses. Also included in our intellectual property
estate is a recently received Notice of Allowance from the United States
Patent and Trademark Office for a new patent based upon United States Patent
Application Serial No. 09/562,303. The new patent describes corporate checks
and electronic fund transfers (EFT) and relates to existing U.S. Patent
No. 6,164,528 and U.S. Patent No. 5,484,988 (described above).

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ESSO POINTS

Imperial Oil is the first national gasoline
retailer in Canada to join Points.com, the first-of-a-kind online exchange, as
part of its continuing enhancement to its Esso Extra loyalty program.
Effective immediately, Esso Extra cardholders can participate in this program
where Points.com members can trade points, miles and other loyalty currencies
between various participating programs.

“In response to consumers who want to see more in the way of convenience
and rewards, we are introducing a number of new initiatives during the next
few months,” says Roger Purdie, Imperial’s vice-president marketing.
For example, the company also plans to introduce Speedpass into the
marketplace in August of this year. Speedpass is a radio frequency transponder
device that fits on a key chain. It will automatically bill purchases against
a pre-determined credit card, as well as link directly to an Esso Extra
account for points accumulation. Consumers can use this device to pay for fuel
and convenience store items at participating Esso stations. The whole payment
transaction only takes seconds to complete.

“We will be launching Speedpass in Edmonton in August, and will roll it
out across Canada from there,” explains Purdie. “The Esso Speedpass is unique
in that it can be used for all payments at participating stations, including
in-store purchases.”

Last year, the company launched another first by offering free gas
rewards with Esso Extra points redemption. The Royal Bank Esso Visa card,
which was also introduced last year, allows cardholders to earn two or more
Esso Extra points for eligible purchases at participating Esso stations and
one point for every dollar spent on non-Esso purchases.

The Esso Extra loyalty program is one of the only gasoline loyalty
programs in Canada that consistently offers its customers a chance both to
accumulate points and to enter exciting contests. Since October 1997, over
$3.6 million in grand prizes have been given away. Customers are automatically
entered into contests when they pay with their Royal Bank Esso Visa Card or
swipe their Esso Extra card on eligible purchases at participating stations.
Points for gas and other rewards can be easily redeemed in one of three ways –
at Esso gas stations, online at www.essoextra.com or by calling Esso’s toll-
free number, 1-800-567-ESSO (3776).

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MONEYGRAM

MoneyGram Payment Systems, Inc., and Elektra have agreed to provide the
MoneyGram wire transfer service for the consumer electronic retailer’s 21
superstores in the Dominican Republic. MoneyGram’s subsidiary, MoneyGram of
New
York, LLC, was instrumental in securing this contract.

According to Gene Schott, president of MoneyGram New York, LLC, the multi-year
agreement provides a significant corridor for consumers sending or receiving
funds to or from the Dominican Republic.
“In our experience, the vast majority of money wire transactions for MoneyGram
of New York consumers center around the Dominican Republic corridor,” he said.
“Elektra’s excellent reputation and coverage of stores throughout the country
provide our customers with an additional level of service.”

He said customers in the Dominican Republic can pick up funds in any Elektra
location in as little as 10 minutes following the transfer from any of the
37,000 MoneyGram agent locations in more than 150 countries around the globe.
MoneyGram transfers are used world wide by people without traditional banking
relationships, expatriates who send money to their home country, traditional
bank customers in need of emergency funds, tourists without local bank
accounts
and business services that need rapid and economical wire transfer services.
MoneyGram Payment Systems, Inc., a subsidiary of Travelers Express Company, is
a leading money transfer services company. Travelers Express is a
subsidiary of
Viad Corp (NYSEVVI) and provides payment services in the financial, retail
and
money transfer areas.

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E-CERT SMART CARD

Hongkong Post has signed a deal with VISA International for the development
of a Hongkong Post e-Cert enabled multi-application smart card using Open
Platform. This is the first time that Hongkong Post has collaborated with a
payment association to explore the potential of e-Cert enabled Open
Platform smart cards to give end-users greater convenience, personal
security and protection. Under the deal, VISA and Hongkong Post will
jointly study the suitability of the Open Platform to support Hongkong
Post’s e-Cert and its Public Key Infrastructure, and the suitability for an
Open Platform smart card to carry a Hongkong Post e-Cert as a medium to
authenticate the identity of the holder. In the future, consumers will be
able to authenticate and sign digital documents and to make payments by
just one single e-Cert enabled smart card.

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CYOTA & MS

Cyota, a leading payment security company, announced today a cross-licensing
agreement with Microsoft Corp., giving Cyota a license to Microsoft patents in
the area of proxy number technology. The companies will also be working
together to develop secure transaction services, based on Microsoft .NET
technologies, designed to help businesses deliver a new, richer customer
experience.

“We are delighted to have signed a deal with Cyota,” commented Brian Arbogast,
Vice President, Personal Services Group at Microsoft. “Cyota’s products are
positioned to help financial institutions deliver secure transactions to their
customers shopping online, which is consistent with the Microsoft .NET strategy
to enable the richest and most secure online experience possible; any time,
anywhere and on any device.”

Cyota’s flagship product, SecureClick, allows consumers to shop online without
revealing their real credit card number. This is achieved by replacing a
customer’s real credit card number with a one-time transaction number, which
expires after each transaction.

“This licensing agreement further advances Cyota’s position as the leader in
the secure payments space,” commented Gary Heatherington, Cyota CEO. “We are
thrilled to explore additional opportunities to work with Microsoft in the
future.”

“Additionally, this agreement provides Cyota with comprehensive Intellectual
Property coverage in the online payment space, and will facilitate the use and
adoption of Cyota’s surrogate number technology for Internet purchases
worldwide,” added Heatherington.

About Cyota
Cyota (www.cyota.com) is an innovative technology company
that is dedicated to helping financial institutions strengthen their customer
relationships through reliable, flexible, easy to use online security, payment
and transaction products. Founded in 1999 by leading card and security
industry experts, Cyota is headquartered in New York with offices worldwide.
Cyota is led by a respected management team with extensive experience in the
security, Internet and banking industry and is supported by an international
Advisory Board comprised of world-renowned financial and security experts.

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VISA – Sprint

VISA U.S.A. and Sprint this morning announced an agreement to offer secure payments in the mobile marketplace. The agreement will also drive higher VISA charge volume through the sale of Sprint products and services. VISA U.S.A. and Sprint plan to develop joint consumer promotions at Sprint Store retail locations, online and on VISA’s web site. Sprint will also be able to target U.S. VISA cardholders through promotions via member financial institutions. Sprint has more than 23 million business and residential customers.

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Gas Gift Cards

With gas prices hovering near $2 per gallon nationwide, auto dealers are offering prepaid gas incentives to new car buyers. This week the Chrysler Jeep Superstores in Detroit are offering consumers a $300 pre-paid ‘Gas Gift Card’ with the purchase or lease of new minivans. The promotion will end this week. Many gas retailers offer prepaid gift cards. ExxonMobil offers a prepaid card in denominations ranging from $25 to $100.

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Talking ATMs

Citibank has installed New York’s first talking ATMs, launching a sixteen-month plan to install a talking ATM at each of Citibank’s Financial Centers and its ATM centers across the country. Citibank joins Bank One, BofA, Wells Fargo and Mellon in the migration to talking ATMs. Citibank said yesterday it has also installed five talking ATMs in California. The ATMs, using text-to-speech technology, deliver audible information privately through an earphone so that persons who are blind, or who may otherwise have difficulty reading an ATM screen in print, can independently use the ATM. Last month, Bank One installed its first talking ATMs in Illinois and Ohio. Bank One installed 30 of the newly developed ATMs in the Chicago and Columbus areas. By the end of the year the bank plans to install 100 additional talking ATMs in these and other markets. Mellon Bank announced in February the installation of eleven talking ATMS in Pittsburgh, Philadelphia, and Harrisburg. Last summer, Bank of America installed its first fifteen talking ATMs in California. BofA announced that over the next three years, more than 2,500 talking ATMs will be installed in California and Florida. In April 2000, Wells Fargo installed twenty talking ATMs in the San Francisco Bay Area, Los Angeles and San Diego. Wells Fargo is currently upgrading 1,500 ATMs in California. (CF Library 4/20/00; 6/6/00; 2/22/01; 3/30/01; 4/26/01)

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