Free Scores

While Equifax is now offering credit scores to consumers for a fee, CA-based E-LOAN has resumed giving away the scores with analysis. In addition to the free service, when the consumer applies for a loan they receive a more detailed report that recommends very specific actions they can take and the potential score increase associated with taking those actions. E-LOAN has partnered with CreditXpert to make these credit scores and analyses available. E-LOAN started providing ‘FICO®’ credit scores in Feb 2000 free of charge to consumers via its website. More than 25,000 borrowers logged onto the site to access their scores before credit reporting agencies forced an end to the practice. Since then E-LOAN has actively lobbied for consumers’ right to access credit scores and helped pass the ‘Figueroa’ bill in California. ![][1]

[1]: /graphic/creditxpert/creditxpert.gif


Swissair Card Deal

Swissair is offering MasterCard members an opportunity to buy one Economy Class ticket and take a companion free for travel now through May 31, 2001.

Travel must originate from any of Swissair’s operated U.S. gateways: Atlanta, Boston, Chicago, Los Angeles, Miami, Newark, New York, San Francisco and Washington, D.C. A 14-day apex or higher fare roundtrip Economy Class ticket must be purchased using a MasterCard to obtain this offer.

Complimentary companion ticket must include same itinerary. Travel is valid to any of the more than 200 worldwide destinations served by Swissair. This offer cannot be combined with any other offers and is subject to availability. Frequent flyer miles cannot be accrued on companion tickets. Certain restrictions apply. For information and to book this offer, contact Swissair at 800-221-4750.

Swissair is a partner in the AAdvantage(R), Midwest Express Airlines, and US Airways Dividend Miles frequent flyer programs. American Airlines and AAdvantage are registered trademarks of American Airlines, Inc. American Airlines is not responsible for products and services offered by other participating companies.


U-Scan Express

Optimal Robotics Corp., North America’s leading provider of retail self-checkout systems, announced that it unveiled a new model of its U-Scan Solo – a smaller version of the widely used U-Scan Express. The new, compact design of the Solo makes it ideal for convenience stores and other retailers with limited space (e.g. drugstores, departments within larger stores). The modified Solo is approximately the size and height of a stand-alone automated teller machine (ATM). The new version offers customers the same “scan, bag, and pay” functionality of the original Solo – affording them a convenient and quick self-checkout option. The Solo’s decreased height provides cashiers with an unobstructed view of the system while sitting at the cashier station.

“While we have approximately 5,000 U-Scan Express terminals installed in more than 42 states, we recognized that space-conscious retailers needed a smaller system that would allow them to offer the same self-checkout options as larger grocery stores,” said Henry Karp, President and Chief Operating Officer of Optimal. “We specifically designed the latest U-Scan Solo to bring the self-checkout experience to everyone, whether they are shopping in a big box chain or a corner store.”

Optimal demonstrated the Solo for the first time at the 2001 conference and exhibition (April 23-25 in Dallas, Wyndham Hotel, Booth #460). The show, sponsored by the National Association of Convenience Stores (NACS), focused on technology applications for the convenience store industry.

“We are confident in the prospects for the compact Solo to penetrate additional markets and expand self-checkout technology into convenience stores and drugstores,” said Karp. “Retailers of all sizes are striving to improve the buying experience for their customers, and the U-Scan systems are an integral part of that.”

About Optimal Robotics

Optimal Robotics Corp. is the leading provider of self-checkout systems to retailers in North America. The Company’s principal product is U-Scan, an automated self-checkout system that enables shoppers to scan, bag and pay for their purchases with limited or no assistance from store personnel. U-Scan, which the Company anticipates will process over 350 million shopper transactions in 2001, is designed to reduce retailer checkout costs and increase shoppers’ convenience.


High Speed Payments

Bank of America and MerchantWired intend to form an alliance to provide retailers with comprehensive payment and financial technology solutions. Bank of America will provide a full range of payment solutions to retailers on the MerchantWired network along with world class service through its merchant acceptance subsidiary, BA Merchant Services, Inc.; MerchantWired will provide revenue enhancing technology solutions for the retail industry.

Through this agreement, MerchantWired will help individual retailers lower their processing costs by delivering an always-on, high-speed payment network and by aggregating their collective payment transactions through Bank of America. It also will provide full-service payment acceptance solutions, including high-speed credit card authorization services. Bank of America will provide transaction settlement services and back-office support.

“Slow processing of credit card authorizations can be extremely frustrating for retailers and their customers. Our agreement with Bank of America facilitates these transactions for a better customer shopping experience and a measurable cost savings for retailers,” said James Giuliano III, president and CEO of MerchantWired.

![][1] “Bank of America is pleased to work with MerchantWired in bringing innovative payment solutions to the retail industry,” said Lorraine S. Stimmel, executive vice president of BA Merchant Services. “Partnering MerchantWired’s always-on, high-speed network solutions with Bank of America’s leading financial services provides a range of advanced payment solutions and applications not previously accessible by retailers.”

The launch of MerchantWired’s Financial Technology Solutions Group, including partnerships with Bank of America, highlights MerchantWired’s commitment to provide retailers with payment services that deliver high return on investment (ROI). The partnership with Bank of America is designed to help retailers lower operating costs through the reduction of fraud and charge-back expenses, empowering retailers with self-service capabilities and introducing retailers to new methods of electronic payment that expedite the transition from more expensive forms of payment.

About Bank of America

One of the world’s largest 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 more than 4,400 domestic offices and 13,000 ATMs, as well as 38 international offices, a telephone banking network that handles over a half billion calls a year and an Internet Web site that provides online access for over 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 [][2]. News, speeches and other corporate information may be found at .

About BA Merchant Services

BA Merchant Services, Inc., a wholly-owned subsidiary of Bank of America, is one of the largest credit card and debit card payment providers in the United States. Delivering on the promise of world-class service, the company provides merchants with innovative and cost efficient payment solutions. BA Merchant Services is committed to deploying leading-edge products and services that enable merchants to accept payments whenever, wherever, and however they choose through physical commerce solutions, Internet commerce solutions, and wireless commerce solutions.

About MerchantWired

MerchantWired ( [][3]) delivers managed network services, technology solutions, and integration services exclusively to the retail industry to help improve store performance, enhance customer experience, and increase profitability. MerchantWired currently serves more than 350 malls and can deploy network and solutions resources on demand to all mall properties throughout the U.S. MerchantWired works in partnership with a coalition of property owners including The Macerich Company, The Rouse Company, Simon Property Group, Taubman Centers, Inc., Urban Shopping Centers, Inc., and Westfield America, Inc. MerchantWired’s strategic technology alliance partners include Cisco, IBM, AT&T, Bank of America, Symbol Technologies, ACI Worldwide, and Intermedia Communications.

[1]: /graphic/merchantwired/merchantwired.gif



TD Waterhouse, the
global online financial services firm, and First USA, the leading issuer of
Visa credit cards, unveiled the TD Waterhouse e.card Visa. The
TD Waterhouse e.card Visa allows customers to earn points toward free trades
in their TD Waterhouse brokerage account.
The TD Waterhouse e.card Visa features no annual fee, a reward certificate
which customers can redeem for a free trade in their brokerage account for
every $2,000 spent on retail purchases, and a 5% rebate reflected on the
customers credit card statement for purchases made at select online merchants
including books, electronics, computer equipment, clothing, gourmet food,
flowers and many other products and services. A list of participating e.card
merchants can be found by clicking on ‘credit card’ and ‘online savings’ in
the banking section of TD Waterhouse’s website located at
“The TD Waterhouse e.card Visa was designed to enhance the value of the
relationship customers have with TD Waterhouse through their online brokerage
accounts,” said Randall Miller, Executive Vice President of TD Waterhouse
Group, Inc. “We looked for a partner that would enable us to offer something
of real value to our customers — the ability to earn free trades in their TD
Waterhouse brokerage accounts — and our relationship with First USA helps us
accomplish that.”
“We are excited to be partnering with a premier financial services firm
like TD Waterhouse,” said Rosemary Cauchon, Executive Vice President of
partnership marketing for First USA. “Through this partnership, First USA
will offer TD Waterhouse’s customers a credit card product that provides
additional relevant value beyond the traditional credit card, thus,
strengthening the relationship between TD Waterhouse and its customers.”
The TD Waterhouse e.card Visa Card offers a low introductory fixed Annual
Percentage Rate (APR) for purchases and balance transfers for the first six
billing cycles following opening of the account. After that, a competitive
variable APR on purchases and balance transfers of the prime rate plus 6.9%.
First USA (), a Bank One
company (NYSE: ONE), is
the largest issuer of Visa credit cards. First USA offers credit cards for
consumers and businesses under its own name, the Bank One name and on behalf
of 1,900 marketing partners. These partners include some of the leading
corporations, universities and affinity organizations in the United States.
Bank One Corporation is the nation’s fifth-largest bank holding company, with
assets of more than $270 billion.
TD Waterhouse Group, Inc., (NYSE: TWE; TSE), provides investors with a
broad range of brokerage, mutual fund, banking and other consumer financial
products on an integrated basis. Worldwide, TD Waterhouse currently services
4.5 million customer accounts in the United States, Canada, the United
Kingdom, Australia, and Hong Kong. The firm also has joint ventures in Japan,
India and Luxembourg to serve investors in those countries. TD Waterhouse can
be found on the Internet and on Windows powered Pocket PC’s at
, on America
Online at
Keyword: TD Waterhouse, and
on web-ready phones at In the
brokerage services
provided through TD Waterhouse Investor Services, Inc., Member NYSE/SIPC.



Assante Corporation (Assante) announced that Morris Perlis has joined the
company’s board of directors.
Mr. Perlis is currently president of Morris Perlis & Associates, an
advisory practice offering guidance to CEOs in all aspects of change
management. From January 1994 to March 2001, Mr. Perlis was president of
Counsel Corporation (TSE: CXS / Nasdaq: CXSN). Under his guidance, Counsel
Corporation acquired and built numerous successful health care companies in
the United States.
Prior to his involvement with Counsel Corporation, Mr. Perlis spent 13
years at American Express. During this period, he had numerous senior
management responsibilities based both in Canada and at the company’s U.S.
headquarters in New York. He was president and general manager, American
Express, Canada Inc., president and chief executive officer, Amex Bank of
Canada, as well as executive vice-president and general manager, Personal Card
Division, U.S.A.
Mr. Perlis is also a director on the boards of Counsel Corporation and
GTR Group Inc. (TSE: GTR/ AMEX: GIG), a leading interactive entertainment
company. He is also involved in various non-profit activities, including the
board of directors of the Baycrest Foundation, the Advisory Council of York
University’s MBA program and the Board of Governors of Mount Sinai Hospital.
“I’ve always been interested in unique approaches to financial
management,” said Mr. Perlis. “When I saw what Assante was doing and how its
advisors go beyond wealth management to complete life management, I saw this
directorship as a great opportunity to work with people whose vision I shared
and who were well down the road of providing integrated life management
“We are delighted to have a person of Morris’ calibre to assist us in
strengthening our dominant position in the financial services industry in
North America,” said Martin Weinberg, chairman, CEO and president of Assante
Mr. Perlis replaces Terence C.W. Reid who stepped down from the Assante
board of directors in March 2001. Mr. Reid, a director since June 1999,
resigned after accepting the position of president at Laketon Investment
Management Ltd.
“Terry Reid was a significant contributor during his tenure on the board
and I thank him for the guidance he provided on all matters, and particularly
in the area of corporate governance,” said Mr. Weinberg.
For a listing of the company’s nine board members, please visit
Assante Corporation is a leading provider of integrated wealth and life
management services. Headquartered in Winnipeg, Manitoba, Assante takes a
multidisciplinary approach to financial planning, investment advice, wealth
management, estate and succession planning, insurance and business and sports
management services.



724 Solutions Inc., a leading global provider of Internet infrastructure
software that enables the delivery of secure financial services applications
and mobile transaction solutions, today reported that first quarter revenues
in 2001 increased 345 per cent to $13.8 million from $3.1 million in the same
period a year earlier, and increased 72 per cent from $8.1 million in the
fourth quarter of fiscal 2000 (all amounts in U.S. dollars).
The first quarter results of 2001 include product revenue of $9.1 million
representing a 263 per cent increase over the same period last year and a 70
per cent increase over the fourth quarter of 2000. Service revenue of $4.7
million represents an increase of 691 per cent and 75 per cent over the same
period last year and the fourth quarter of 2000, respectively. The first
quarter of 2001 represents the first period in which the company’s reported
results include the operation of TANTAU Software, which the company acquired
in January 2001.
The pro forma net loss for the first quarter of 2001 was $14.7 million,
compared to $5.8 million in the same period last year and $10.3 million in the
previous quarter, with a pro forma loss per share of $0.27 in the first
quarter compared to $0.17 in the same period in 2000, and $0.26 in the
previous quarter. Pro forma net loss and net loss per share includes net loss
for the period, adjusted for amortization of intangibles, equity in income
(loss) of affiliate, stock-based compensation, write-down of long-term
investments 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).
As of March 31, 2001, the company’s cash, cash equivalents and short-term
investments totaled $168.3 million, compared to $166.6 million as of December
31, 2000.
“724 Solutions remains focused on execution and innovation as we enable
our customers to deliver secure mobile transactions. In my first quarter as
CEO of 724 Solutions, I am delighted to report that we have achieved or
exceeded all of the milestones we set out: improving our gross margin;
completing first-phase integration; expanding our reach by adding new
customers and turning on Wells Fargo; integrating the product portfolio and
retaining and motivating our employees,” said John Sims, Chief Executive
Officer, 724 Solutions.
Highlights from the quarter:
New customers and rollouts
– Citigroup Inc. chose 724 Solutions to support the development,
implementation and delivery of wireless financial services to
North American customers of Salomon Smith Barney, Cititrade and the
Citibank Credit Card Division.
– Wells Fargo launched its Wells Wireless offering to its 2.5 million
online customers across the U.S.
New alliances
– Nokia Corporation, the world’s leading wireless device manufacturer, is
cooperating with 724 Solutions to deliver secure mobile financial
services solutions by combining the 724 Solutions Financial Services
Platform (FSP) with the Nokia Activ Signet Solution.
– Nomura Research Institute Ltd. (NRI), Japan’s leading systems
integrator for the financial services industry, has agreed to offer 724
Solutions’ aggregation and alerts technologies to financial
institutions and portals in Japan.
– NRI and NTT Data Corporation (NTT Data) – in a new joint venture –
selected 724 Solutions to power aggregation and alerts services.
– eCALYX Inc. e-Business platforms in India will use 724 Solutions to
address the growing demand for mobile Internet solutions in the Indian
Innovations and platform and functionality expansions
– Version 3.0 of the 724 Solutions Wireless Internet Platform (WIP) was
launched, delivering new value for customers by offering voice
recognition and authentication, an advanced notification engine, and
highly secure Wireless Application Protocol (WAP) browsers for leading
personal digital assistants (PDAs).
– 724 Solutions Inc. introduced its Public Key Infrastructure (PKI)
Gateway product – the wireless industry’s first broadly interoperable
public key management solution based on open standards.
– 724 Solutions acquired Webhelp Inc.’s Web Application Event Framework
(WAEF) technology to broaden its m-commerce offering. 724 Solutions
also announced an investment stake in Webhelp.
– 724 Solutions launched its BEA WebLogic(R) Plug-In to accelerate the
platform compatibility between the BEA WebLogic
E-Business Platform(TM) and the 724 Solutions WIP.
– 724 Solutions WIP received a Crossroads 2001 A-List Award as a leading
product in the business and technology infrastructure category.
Subsequent to the quarter
– The 724 Solutions Mobile Commerce Services Platform (MSP) was
introduced. This next-generation, highly scalable and modular solution
is designed to drive consumer-friendly secure payment transactions in
the mobile commerce arena.
– Raymond James Inc. licensed the 724 Solutions WIP to enable its 4,300
financial advisors to deliver highly personalized client-side service.
– 724 Solutions and Online Resources teamed to offer wireless banking and
payment services to Online Resources’ 500 regional and community
financial institutions.
– 724 Solutions launched its turnkey enterprise alerts application. Its
comprehensive toolkits enable rapid deployment of a secure, time-
sensitive, personalized alerts solution in multiple languages.
– Qatar Islamic Bank, The Bank of Kuwait & Middle East and Doha
Bank-Qatar launched mobile Internet banking services using the WIP in
partnership with 724 Solutions and International Turnkey Systems.
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 .
724 Solutions Inc. – Summary of Operations (unaudited)
(in 000’s of U.S. dollars, except per share amounts)
2001 2000
———– ————————-
March 31, December 31, March 31,
Product $ 9,127 $ 5,356 $ 2,762
Less: stock-based compensation
related to product – – (248)
Service 4,722 2,697 597
Net Revenue 13,849 8,053 3,111
Cost of revenue 5,090 4,065 1,953
Gross Margin 8,759 3,988 1,158
Operating expenses:
Research and development 11,189 9,103 4,163
Sales and marketing 9,029 3,158 3,031
General and administrative 6,586 3,308 1,896
Depreciation 1,742 1,632 317
Amortization of intangibles 23,870 9,576 –
Stock-based compensation
Cost of revenue 207 217 189
Research and development 6,113 1,962 487
Sales and marketing 2,529 144 85
General and administrative 1,839 238 82
Total operating expenses 63,104 29,338 10,250
Loss from operations (54,345) (25,350) (9,092)
Interest income 2,476 2,942 2,237
Equity in income (losses) of
affiliate (278) 261 (66)
Loss before write-down of long term
investments in other companies (52,147) (22,147) (6,921)
Write-down of long term
investments (6,250) – –
Net loss for the period $ (58,397) $ (22,147) $ (6,921)
Basic and diluted net loss
per share $ (1.09) $ (0.57) $ (0.20)
Weighted-average number of shares
used in computing basic and
diluted net loss per share
(in thousands) 53,581 39,092 34,037
Net loss for the period $ (58,397) $ (22,147) $ (6,921)
Amortization of intangibles 23,870 9,576 –
Equity in income (loss)
of affiliate 278 (261) 66
Stock-based compensation 10,688 2,561 1,091
Write-down of long term investments 6,250 – –
Non-recurring expenses 2,638 – –
Adjusted net loss for the period $ (14,673) $ (10,271) $ (5,764)
Pro forma net loss per share $ (0.27) $ (0.26) $ (0.17)
Certain comparative figures have been reclassified to conform to the
current year’s presentation


Talking ATMs

Bank One Corporation announced it has installed the first “talking” Automated Teller Machines in Illinois and Ohio to help visually impaired customers complete their banking transactions.

Bank One has 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 and will announce the locations once they are operational.

Supporters of expanding access for customers worked closely with the bank and its technical partners to develop the talking ATMs.

“Bank One has demonstrated tremendous leadership in making the commitment to open up options to visually impaired persons,” said Kelly Pierce, a blind Bank One customer and co-founder of Digit Eyes: The Chicago Blind Computer User Network. “We commend Bank One’s support of diversity.”

“This effort reflects our focus on delivering service, convenience and choice to all of our customers,” said Michael Welborn, head of Retail Banking at Bank One.

Ann Byrne, a blind project manager for Exeloncorp in Chicago, stressed the importance of taking advantage of emerging technologies to provide greater independence to the growing number of visually impaired people in the United States.

“These ATMs afford visually impaired people some of the privacy and dignity that is sought by everyone,” Byrne said. “Not only will this service benefit people who have been unable to see for years, it will offer the growing population of active, aging people with diminishing eyesight an additional option to their effort to manage their own financial needs.”

Lainey Feingold and Linda Dardarian, California attorneys who have assisted members of the blind community around the country on the talking ATM issue, also praised today’s announcement. “We applaud Bank One’s actions and urge other banks to follow their example,” they said.

Customers use a standard set of earphones to receive voice prompts that take them step-by-step through an ATM transaction. The earphones can be obtained from the Bank One banking center locations that feature the new technology. Bank One employees will help users get acquainted with the modified ATMs, and audio users will hear a brief “orientation” at the ATM machine.

More information about Bank One’s talking ATM program including the location of Bank One’s Talking ATMs is available by calling 1-877-241-8665.

Bank One Corporation (NYSE: ONE) is the nation’s fifth-largest bank holding company, with assets of more than $270 billion. Bank One offers a full range of financial services to commercial and business customers and consumers. It can be found on the Internet at [][1].


Main Banking Center
(Downtown) 1 Bank One Plaza Chicago
Michigan Ave 605 N. Michigan Chicago
Electronic Banking
Center 60 E. Monroe Chicago
Elston Plaza 3227 W. Addison Chicago
Near North 1122 N. Clark Chicago
NW Memorial Hospital 251 East Huron Chicago
Walgreen’s 11 East 75th Street Chicago
Jeffery Manor 1910 E 95th Street Chicago
Ravenswood 1825 W Lawrence Chicago
Electronic Banking
Center 717 S Dearborn Chicago
Berwyn 6532 Cermack Road Berwyn
Dominick’s 325 E. Army Trail Road Glendale Heights
Evanston Orrington 1603 Orrington Avenue Evanston
Mt Prospect Randhurst 55 East Euclid Mt. Prospect
Dominick’s 2575 W Golf Road Hoffman Estates

Central Ohio

Bethel Sawmill Big
Bear 2700 Bethel Road Columbus
West Broad 3100 West Broad Columbus
Capital Square 65 East State Street Columbus
Broad Street 100 East Broad Columbus
East Broad 3200 East Broad Columbus
University #2 1894 North High Street Columbus
Eastland 2475 South Hamilton Columbus
German Village 833 South High Street Columbus
Gahanna 130 North Hamilton Rd Gahanna
Hilliard 4056 East Main Street Hilliard
Heath 30th St & Hebron Road Heath
East Main 1730 East Main Street Lancaster
Newark North 1212 North 21st Street Newark
Reynoldsburg 7112 East Main Street Reynoldsburg
Westerville South 77 Huber Village Blvd Westerville




Procomp, subsidiary of
Diebold, Incorporated attained first quarter sales of more than
$42 million for self-service products, software and services. Acquired in
1999, Procomp has been the leading self-service provider in Brazil for more
than ten years, and has propelled Diebold into a position of market leadership
in Latin America.
First quarter contracts obtained in Brazil include:
Banco Bandeirantes for branch technology upgrades including nearly
240 branch servers and 2,000 teller terminals. In addition, the financial
institution purchased 700 cash dispensers from Procomp. Installation of the
equipment is anticipated to begin in June 2001 and be completed in September
Banco Real/ABN AMRO Brasil purchased teller terminal hardware, including
computers and peripherals in order to renovate all of its branches throughout
Brazil. The 12,500 pieces of equipment will be installed in the bank’s 1,200
facilities by third quarter 2001.
Bradesco has expanded its self-service network through the purchase of
more than 2,000 advanced-function automated teller machines (ATMs), cash
dispensers and depository units. A portion of the terminals will be used
within Bradesco branches throughout Brazil and the remainder will be deployed
to off-premises locations.
Caixa Federal, a Procomp customer for more than six years, has purchased
more than 700 cash dispensers. Installation of the terminals is anticipated
to begin in July 2001 and be completed in September 2001.
Unibanco purchased 700 Express Delivery units from Procomp. These units
were adapted using the customer’s specifications, and installed to enhance
productivity and increase branch security. Additionally, Unibanco also
purchased 350 Accutrack(TM) digital video servers, which were engineered and
installed by Procomp to satisfy the bank’s specific requirements.
“Procomp is providing us with significant, measurable results — both in
terms of increased customer satisfaction and the company’s overall
performance,” said Ernesto Unanue, vice president and managing director of
Diebold Latin America. “The awarding of these contracts is a testament to the
lasting relationships Procomp and its management team have forged within the
Brazilian financial industry and the seamless integration of this operation
into Diebold’s existing global structure.”
Unanue added: “The diversity of these banks and the difference in the
products they are purchasing speaks to the range and depth of Diebold’s self-
service and security offerings, which in this market are truly matchless.”
Procomp employs nearly 3,000 associates and operates more than 150 service
locations throughout Brazil. In 2000, Procomp posted revenues of $350 million
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



The Jisuanji Shijie Ribao reported this week that within the next twelve
70% of the coin-operated phones in Beijing will be replaced. The coin-operated
telephones in Beijing do not accept the new 10-cent coins, and this is causing
headaches for phone users. Most of the approximately 3,000 coin-operated
were put into use in 1995 and have completed their five-year service period.
This year, the telecommunications bureau will rebuild 2,000 of them into
integrated-circuit phones or pay phones that use smart cards.



724 Solutions Inc. announced the availability of its new Alerts Platform 3.0,
Enterprise Edition, which enables businesses to offer an internally-based
personalized alerts service for their customers, suppliers and employees
worldwide. Available in several languages, including Japanese, Korean, French
and Spanish, this new version allows enterprises to securely manage the
content and delivery of alerts that contain time-sensitive information to a
variety of wireless devices. 724 Solutions is the only worldwide provider of a
turnkey enterprise alerts solution. With its cost-effective and comprehensive
tool kits, the product can be quickly and easily deployed.

By enabling companies to bring an alerts system in-house behind an
existing firewall, the 724 Solutions new enterprise edition ensures a secure
environment while giving businesses control over information access. This
enhanced security provides an additional level of comfort for the consumer,
particularly when sensitive information is involved. Opening another
communication channel between businesses and their customers, the Alerts
Enterprise Edition allows companies to instantaneously notify users about
critical information, including account activity, movement of a portfolio’s
net worth and unusual or suspicious credit card activity.

“By utilizing the 724 Solutions Alerts Enterprise Edition, companies can
provide the personalized, targeted services necessary to maintain customer
loyalty and attract new business,” said Alistair Rennie, General Manager,
Applications Business Unit, 724 Solutions Inc. “724 Solutions is committed to
providing its customers a competitive edge by providing the tools necessary to
build a strong foundation for advanced financial services as well as m-
commerce. Offering customers our unique alerting technology is key to helping
them drive large volumes of secure mobile transactions.”

The Alerts Enterprise Edition can be fully integrated into a business’
existing databases and legacy applications and provides businesses the ability
to offer a personalized alerting service to customers. The collected data from
the alerts services can provide a customer with valuable insights into its
customer base and can help enable the development of additional targeted

Enhancements of the 724 Solutions Alerts Enterprise Edition include:

– Administrative and diagnostic tools: monitor system performance, user
maintenance, alert status and server load
– Multi-byte language support: translate into English, French, Spanish,
Japanese and Korean, and run from a single software installation
– Back-end systems support: monitor customer databases, flat files and
legacy applications
– Increased integration capabilities: integrate with a customer’s
existing user registration services
– Detailed event logging: in-depth reporting of user and alert

About 724 Solutions Inc.

724 Solutions Inc. is a leading global provider of Internet
infrastructure software that enables the delivery of secure 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
exploitation of the mobile Internet by building, deploying and integrating
personalized and secure mobile commerce and lifestyle applications. 724
Solutions’ customers include leading financial institutions such as Credit
Suisse, SEBanken, JP Morgan Chase & Company, Citigroup, Bank of America and
Bank of Montreal. 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).