GERMANY

Leapfrog Smart Products, Inc., an emerging leader in Smart card software
development, and ORGA Card Systems, a global pioneer of integrated Smart card
systems, announced they have agreed to develop and jointly promote Smart
card and biometric solutions for the global healthcare community.
Under the terms of the agreement, both companies will play key roles in
the joint marketing, development, integration and implementation of Smart card
and biometric healthcare solutions. In order to better leverage each other’s
areas of expertise, Leapfrog and ORGA will provide each other with preferred
pricing and share/exchange select technologies. Leapfrog’s role will be
primarily as an application developer and manager of installed solutions,
while ORGA will mostly handle manufacturing duties, such as supplying Smart
cards, readers and personalization equipment and providing management support.
Dr. Les Bromwell, Chief Executive Officer of Leapfrog, stated, “This
agreement with such a high profile, elite company is a major achievement for
Leapfrog, and a recognition of our outstanding capabilities in software
development for healthcare applications. ORGA is a multi-national company
that offers multiple complementary solutions to build upon our products
targeted to the highly coveted Smart card and biometric markets. We believe
this partnership further demonstrates our commitment to developing leading
Smart card software applications and products and confirms that our
management team is carrying forward a strong dedication to increase
shareholder value by expanding product lines and increasing customer service.”
ORGA, founded near Frankfurt, Germany, in 1972, is a pioneer in the Smart
card industry. The Company’s many breakthroughs include manufacturing the
first multi-function chip-based card, the first chip-based telephone card in
the UK and the first chip-based bank card in Germany. As the leading provider
of Smart card solutions within the healthcare industry, ORGA has successfully
implemented the national rollout of 80 million healthcare cards in Germany and
is a technology provider for the French national healthcare card project,
SESAM-Vitale. ORGA is a true global leader in the Smart card market, with
solutions for telecommunications, banking, health, retail, Internet,
identification systems, e-commerce and m-commerce applications. The Company
maintains offices in 13 countries, and agents in more than 50 countries.

About Leapfrog Smart Products, Inc.

Leapfrog Smart Products, Inc. is a world-class leader in Smart card
software development, biometrics and system solutions integration. Located in
Maitland, Florida, Leapfrog is dedicated to creating innovative software
applications for Smart cards and biometrics. Smart cards are credit card-
sized pieces of plastic with a computer microprocessor embedded within.
Current applications of Smart card software include personal identification,
e-purse transactions, loyalty point storage, physical and logical access, as

well as portable storage of medical records. Leapfrog, through its General
Services Administration (GSA) master contract, is also certified as a
contractor with the United States Federal government.

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e2Procure MC Purchasing Card

e2Procure Solutions Group, formerly e-schoolz.com, a cost-saving web-based procurement platform for the K-12 education market, and GE Capital Financial Inc. have signed an agreement that creates the e2Procure MasterCard Purchasing Card.

This co-branding agreement augments the e2Procure “procure-to-pay” solution, enabling end-to-end order to settlement between school districts and their educational vendors through Internet payment management tools. e2Procure’s InstaBuy(tm) and InstaBid(tm) suites for school procurement, compress the purchasing process from weeks, via the traditional procurement model, to days. Procurement is streamlined with a paperless purchase order system, including GE Capital’s MasterCard solution. In addition, through its agreement with GE Capital Financial Inc., e2Procure can now capture on-line and off-line spending, reporting it directly to a school district’s general ledger electronically.

“e2Procure is delighted to enter an agreement of this significance with GE Capital Financial Inc.,” said e2Procure co-founder and president, Shankar Balan. “We view this alliance both as a validation of the education procurement industry and an extension of the customer benefits of the e2Procure ‘procure-to-pay’ solution.” “The e2Procure model for delivering a $25 procure-to-pay cost to the K-12 market is in line with results we have seen with Fortune 1000 and higher education purchasing card customers,” said Jeffery R. Dye, president of GE Capital Financial Inc., the corporate card unit of GE Card Services. “With the e2Procure Purchasing Card, school districts can take advantage of on-line tools, and the wide acceptance of MasterCard, to drive cost and time out of their buying processes.”

The e2Procure platform is a web-based, open standards trading network, requiring only a traditional browser for access. School districts log on to the system and have access to a variety of vertical markets, third-party sites and e-procurement proprietary products. Schools can either create a bid for a future purchase or make purchases by visiting contract supplier catalogs or searching content provider’s generic catalogs. All desired items are placed on requisitions, forwarded through the appropriate approvals, converted to a Purchase Order and forwarded to the vendor. The Purchase Order includes payment details, including the Purchasing Card information.

The Department of Education estimates that a single requisition costs a school district between $100 and $175 to process, plus another $50 in costs related to issuing vendor payments. With more than 16,000 school districts in the U.S. writing 25 million requisitions annually at a cost of $225 to process each requisition through to payment, adopting the e2Procure system could save school districts billions.

Vendors serving the U.S. K-12 education market, which annually spends approximately $335 billion, or the equivalent of 6 percent of the gross domestic product, can benefit from the e2Procure solution by receiving payment within two days of order delivery. “Delivering value to the K-12 education market means meeting the needs not only of the schools themselves, but also those of the businesses that supply schools,” said e2Procure Solutions Group co-founder and president, Shankar Balan. “Our technology was developed to provide a streamlined process and encourage the evolution of a competitive procurement community. The deployment of an e2Procure Purchasing Card supports our core business strategy of enhancing the symbiotic relationship between schools and their suppliers.”

About GE Capital

GE Capital Financial Inc. is a unit of GE Card Services. It develops and markets corporate bankcards designed for medium- and large-sized, multinational companies and organizations. GE Card Services is a GE Capital company. GE Capital, with assets of more than US$370 billion, is a global, diversified financial services company grouped into six key operating segments comprised of 24 businesses. A wholly-owned subsidiary of General Electric Company, GE Capital, based in Stamford, Connecticut, provides a variety of consumer services, such as credit cards and life and auto insurance; mid-market financing; specialized financing; specialty insurance; equipment management, and specialized services, to businesses and individuals in 47 countries around the world. GE is a diversified services, technology and manufacturing company with operations worldwide.

About e2Procure Solutions Group

e2Procure Solutions Group has developed an end-to-end “procure-to-pay” e-procurement solution for the K-12 education market. e2Procure Solutions Group is committed to simplifying the education procurement cycle, enabling both school districts and their local vendors to realize the financial advantages of an e-commerce procurement model.

The e2Procure solution features include a multi-user interface that supports administrative process requirements, and SmartMatch(tm), which supports criteria-based vendor selection. The InstaBid(tm) QualityInspector(tm) feature groups bids by their adherence to RFQ specifications. InstaBuy(tm) allows purchase order consolidation for multiple purchases of the same item, and on-line vendor payment via the e2Procure Purchasing Card (MasterCard)(tm) or other accepted forms of electronic payment. In addition, e2Procure is committed to identifying procurement-related problems and creating solutions such as a Surplus Equipment & Text Book Exchange. e2Procure Solutions Group can be contacted by calling 706.738.6999, or by writing to 710 Broad Street, Augusta, GA, 30901, or by visiting [www.e2procure.com][1]

[1]: http://www.e2procure.com/

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GERMANY

Giesecke &
Devrient (G&D), an internationally operating technology group announced
the official launch of their expanded website http://www.gdai.com to meet the needs
and interests of their North American corporate customers.
The extensive section devoted to Cards & Card Systems provides
comprehensive information on leading-edge solutions and also demonstrates
G&D’s focused commitment to building a smart future for its Canadian, U.S. and
Mexican business partners.

“We are committed to growth, innovation, technology and people. The
release of this expanded website is a first step as G&D embarks on a new
“frontier” for strategic growth and innovation that will strengthen and
reinforce that commitment,” says Jim Frye, President of Card Systems, United
States and Canada. “I am excited with this new unified front, as it will offer
customers advantages in service and support that extend throughout the United
States and Canada and into the global marketplace.
This is a time of substantial growth for G&D, as we lead the way in the
areas of Magnetic Stripe, Smart Cards, Fulfillment and eBanking solutions for
North America,” adds Mr. Frye.

Special website highlights include; G&D’s Products & Service from Design
Concepts to Manufacturing through to Card Issuance, Forms Management and
Statement Processing, The G&D website clearly demonstrates the organization’s
full in house end-to-end business solutions. For those interested in
developments in Mexico, the G&D Mexico website can be accessed via the Mexican
Flag on the home page. Visitors are also able to view Munich headquarters and
worldwide subsidiaries on G&D’s Munich site through a direct link in Profile.

Another area that is expected to draw a lot of attention is the Consumer
Showcase where consumers and customers can view How a Card is Produced, and
are invited to submit their ideas on what they would like to see in card
technology. Additionally, they can view G&D’s first phase Gallery of Cards
including two cards in which G&D won finalist awards for Best Secure and Best
Non-Secure Card Design from the International Card Manufacturers Association
in 2000.

Finally, if viewers would like further information, they can readily
download G&D’s On-line brochures or request a copy of the bi-annual color
publication G&D Report Magazine which highlights G&D worldwide with cover
stories, new innovations, current applications, markets and the latest
technology research.

Giesecke & Devrient (G&D) is an internationally operating technology
group. With nearly 150 years of history, the Giesecke & Devrient of today
upholds their tradition as a trusted leading supplier of banknotes and
security documents, banknote and security paper and currency automation
systems as well as cards, components and complete multifunctional Smart Card

systems for electronic payments and telecommunications. The group also offers
end-to-end solutions for security in e-business. G&D is on the leading edge of
Smart Card technology in the areas of PKI, Biometrics, e-Commerce, m-Commerce,
Internet Banking Solutions, Telecommunications, Transportation, Health Care,
Secure Identification and Systems Consulting.

Details

CANADA

TSYS announced a five-year agreement with Amicus FSB, a subsidiary of Canadian
Imperial Bank of Commerce (CIBC) and a part of the Amicus division of CIBC, to
process a new Visa consumer credit card it will issue. This agreement
broadens a relationship TSYS and CIBC have shared since 1994 when TSYS began
processing CIBC’s commercial credit cards. Furthermore, the agreement
supports TSYS’ three-year strategic plan to extend its core processing
business.

Amicus partners with leading brand retailers to provide electronic
financial services, including Marketplace Bank, Safeway SELECT Bank and Yahoo!
PayDirect in the U.S. and President’s Choice Financial in Canada. Amicus has
547,000 e-banking customers and is acquiring approximately 30,000 more each
month.

Under the agreement, TSYS will provide a complete range of services to
include processing on its TS2 platform; various elements of customer contact;
and remittance processing through Synovus Financial Corp.(R)
“TSYS offers the full range of services needed to help us aggressively
enter new markets,” said Amicus spokesperson, Robert Almeida. “The retail
market requires a tremendous amount of flexibility for changes and promotions
to be offered on demand. TS2 allows us the freedom to adapt our products to
this market. The partnership with TSYS will allow us to deliver the value and
convenience of one-stop shopping to our customers that has become so important
in their busy lives.”

“TSYS has a strong track record of helping financial institutions and
retailers prosper. The expertise we bring to Amicus will enable them to
pursue new retail relationships and launch new credit card programs quickly,”
said TSYS President, Philip W. Tomlinson.

About Amicus FSB

Amicus FSB is a wholly owned subsidiary of CIBC and is part of the Amicus
division of CIBC. Amicus FSB is headquartered in Cicero, Ill., with branch
offices in Fairfield, Calif., and Maitland, Fla. CIBC is a leading North
American financial institution offering more than eight million personal
banking and business customers a full range of products and services through
its comprehensive electronic banking network, branches and offices across
Canada, in the United States and around the world. CIBC is a leader in
electronic banking, with more than three million e-banking customers accessing
telephone and Internet banking, and brings extensive e-banking experience and
capability to the U.S. market.

About TSYS

TSYS brings integrity and innovation to the world of electronic payments.
TSYS serves as the integral link between buyers and sellers in the rapidly
evolving universe of electronic payments. With nearly 200 million accounts on
file, TSYS makes it possible for millions of consumers to use their credit,
debit, stored value, commercial, chip and retail cards anytime, anywhere
through any medium or portal. TSYS and its family of companies offer a full
range of acquiring and issuing services from accepting electronic payments for

goods and services, to credit applications and collections.

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RPPS in OFX

MasterCard’s ‘Remote Payment and Presentment Service’ has added an enhancement that enables its payments system to carry information linking electronic payments to electronically-presented ‘Open Financial Exchange’ bills. The new capability allows a biller service provider to match a payment received from a customer service provider via the ‘RPPS’ system to a previously presented ‘OFX’ bill. The new feature includes complete settlement. Linkage is enabled whether or not the bill was originally presented via the RPPS presentment switch.

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UK

The European Region of Visa International
(Visa EU) reported another year of exceptional results, with
double-digit growth across all key performance measures. During 2000, total
cardholder spending increased by 20 per cent to nearly Euro 600 billion
(377 billion* pounds sterling), while card numbers were up by 14 per cent to
over 177 million. The number of transactions on Visa cards totalled
8.6 billion – some 275 transactions per second.

All Visa products showed strong growth. Cardholder expenditure at Point of
Sale grew by 23 per cent, year on year, significantly better than the
competition.

Visa Debit cards are used for an average of 65 transactions in a year,
with 43 of these at Point of Sale — 150 per cent more than the nearest
competitor product. Expenditure on Visa Debit totalled Euro 232 billion
(146 billion* pounds) with year on year growth of 23 per cent.
“Visa EU is growing faster than the competition in terms of cardholder
expenditure at Point of Sale,” said Hans van der Velde, President of Visa EU.
“Nearly three quarters of Visa transactions are at the Point of Sale and, in
this all important measure, no other bank card payment system comes close.
This is a significant vote of confidence in Visa products and the Visa brand
— importantly, made by the consumers themselves.”

Card issuance showed healthy increases in individual markets and several
milestones were passed UK (12 per cent increase in card numbers, over
61 million cards in circulation); Spain (13 per cent, 26 million); France (14
per cent, 19.4 million); Italy (17 per cent, 11.4 million); Germany (19.5 per
cent, 8.1 million); Sweden (12 per cent, 4 million); and Norway (15 percent,
2.7 million). The average increase in Point of Sale spend for these seven
markets topped 22 per cent.

Visa Commercial products — which provide travel and entertainment, and
procurement solutions for European companies — also showed sharp increases.
Total transactions were up 38 per cent, with associated Point of Sale volumes
increasing by more than 47 percent.

Technology development during 2000 focused on increasing security of
payments. Mr. van der Velde said, “We recognise there is increasing concern
about fraud. Chip is the solution to much of it. Visa EU is leading the
industry in the migration to a chip-enabled environment through our incentive
package, totalling Euro 168 million. We are serious about eliminating fraud
and this investment demonstrates our commitment.”

And referring to security of e-commerce transactions, where over 50 per
cent of all internet transactions are made using a Visa card, Mr. van der
Velde added, “I am delighted that consumers’ preference for Visa extends to
the internet. In the ‘virtual’ world it’s essential that consumers feel as
confident as in the ‘physical’ world when making a purchase. We are making
real progress with our Secure E-Commerce initiatives (based on 3D SET).
Internet merchants and shoppers must be able to count on the Visa brand.”
“We are going from strength to strength in Europe,” Mr. van der Velde
continued. “We remain the most efficient operator in Europe, providing real
value for money for our European Members, whilst positioning Visa as a leader
in virtual payments.”

About Visa International

Visa is one of the world’s leading payment brands and one of the largest
payments system worldwide. Visa-branded cards generate more than US$1.8
trillion in annual volume and are accepted at over 21 million locations around
the world. The Visa organization plays a pivotal role in advancing new
payment products and technologies to benefit its 21,000 member financial
institutions and their cardholders. Visa is a leader in Internet based
payments and is pioneering the creation of u-commerce, or universal commerce –
the ability to conduct commerce anytime, anywhere, over any type of device.
Visa’s Internet Address is http://www.visa.com .

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UK

Visa International announced that its member financial institutions have
issued
42 million Visa-branded smart cards worldwide.
Europe continues to dominate Visa smart card growth with some 34 million
cards,
followed by Asia Pacific with 6 million. Other regions, including the U.S.,
Latin America, Central and Eastern Europe, Middle East and Africa, bring the
total number of Visa branded smart cards to 42 million.
Gaylon Howe, executive vice president, Consumer Product Platforms at Visa
International, said “When we last audited our smart card figures two years
ago
we had 23 million smart cards worldwide. We have now nearly doubled that
figure
and the pace of growth will only accelerate as more financial institutions
begin to use chip technology.”
Smart cards – chip-based payment cards – can provide users with a variety of
new services and higher levels of security. They are a key lever in Visa’s
goal
of enabling u-commerce – or universal commerce – the ability to conduct
commerce anywhere, anytime and over any type of device.
Visa has introduced a number of major initiatives to support member banks that
plan to launch smart card programs. In the Visa EU region, Visa has committed
to investing 168 million euros (US$151 million) to accelerate the introduction
of chip-card technology in its market. In the U.S., Visa USA has launched its
smart Visa program to enable banks to offer added security, utility and
convenience to consumers and businesses. Three US banks, First USA, Fleet
Boston and Providian Financial, are now issuing the new smart cards.
At the same time, banks are being offered substantial discounts on the cost of
introducing chip technology as a result of special deals negotiated by Visa
with global vendors and chip manufacturers. This effort includes new Open
Platform multi-application smart cards costing less than US$3 each as well as
discounts on both front and back end system components.
“While most of the Visa smart cards today are single application cards,
such as
credit or debit cards, there is growing demand for cards which are able to
perform multiple functions and provide greater convenience and utility to the
cardholder,” Howe said. “We have been working with major vendors to bring down
the cost of these cards and the systems that support them.”
Visa is the world’s leading payments brand and the largest payments system
worldwide. Visa-processed more than US$1.8 trillion in sales volume in 2000,
and Visa cards are accepted at over 21 million physical locations around the
world. The Visa organization plays a pivotal role in advancing new payment
products and technologies to benefit its 21,000 member financial institutions
and their cardholders. Visa’s Internet Address is
www.visa.com.

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CHINA

NCR Corporation has announced
a $1.5 million deal with the Tianjin Branch of the Agricultural Bank of China.
The order involves the purchase of NCR’s Personas 85 and Personas 74 machines
and is further evidence of NCR’s dominant position in the rapidly growing
self-service market in China.

Personas 85 is a full function exterior Self-Service TouchPoint(TM),
providing a range of services such as dispensing cash, cashing checks, paying
bills, account inquiries, passbook and document printing.

Personas 74 is an interior ATM which, in addition to dispensing cash,
provides services such as account transactions and inquiries. In addition to
offering banks a convenient method of performing activities traditionally
handled by the teller, there is a clear opportunity for generating additional
revenue by dispensing non-cash items such as stamps, tickets and coupons.

This latest deal follows hard on the heels of three significant
announcements in 2000. In November, NCR confirmed

* a major $14 million deal with the Bank of China, which represented the
lion’s share of an ATM bulk-purchase order and strengthened NCR’s
position as the lead supplier to the bank

* the purchase of 100 NCR Self-Service TouchPoints by China Construction
Bank in Guangdong, enabling the bank to expand geographical coverage

* a further $2 million plus contract with the Beijing branch of
Industrial and Commercial Bank of China (ICBC), which included the
purchase of NT-ready Personas 75 and Personas 85 machines.

Peter Zee, NCR’s vice president of Greater China Area, Financial Solutions
Division, said, “We continue to expand market share in the Greater China area,
building on our traditional strength in self-service solutions. In China
itself, our business has benefited from increased investment in self-service
solutions by large local banks in preparation for China’s entry into the World
Trade Organization. NCR is proud of the trust our customers put in the
company in making us the leading supplier of ATMs in China.”

About NCR Corporation

NCR Corporation (NYSE NCR) is a leader in providing Relationship
Technology(TM) solutions to customers worldwide in the retail, financial,
communications, manufacturing, travel and transportation, and insurance
markets. NCR’s Relationship Technology solutions include privacy-enabled
Teradata(R) warehouses and customer relationship management (CRM)
applications, store automation and automated teller machines (ATMs). The
company’s business solutions are built on the foundation of its long-
established industry knowledge and consulting expertise, value-adding
software, global customer support services, a complete line of consumable and
media products, and leading edge hardware technology. NCR employs 32,900 in
more than 100 countries, and is a component stock of the Standard & Poor’s 500
Index.

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CANADA

724 Solutions Inc., a premier provider of
secure mobile commerce application software, announced it is cooperating
with Nokia Networks, the infrastructure arm of Nokia, to market and deploy the
Nokia Activ Signet Solution with the 724 Solutions Financial Services
Platform.

By combining 724 Solutions FSP with the Nokia Activ Signet Solution, 724
Solutions will extend its capability of enabling “anytime, anywhere” access to
trusted banking and investment services by offering further digital-signing
capabilities via mobile devices on banking and business-to-business
transactions that demand high security. For example, with recent legislation
passed in important markets, such as United States, Europe and Singapore, many
contracts signed by digital signature are legally binding, making digital
signatures the Internet equivalent of traditional hand-written signatures,
thus expanding the realm of services that may be offered via mobile handsets.
The Nokia Activ Signet Solution is a recently introduced solution for
secure mobile e-commerce that will meet with corporate needs by enabling
certificate and digital signature validation and online certificate
enrollment. The solution will be based on open standards, such as the Wireless
Public Key Infrastructure (PKI), on which the security aspects of the WAP 1.2
specification is built. The Nokia Activ Signet Solution will support WAP 1.2
compatible phones which will include Wireless Identity Module (WIM), the
tamper-resistant module for private key storage and crypto operations.

“Our relationship with Nokia reinforces our commitment to work closely
with the leading manufacturers and security providers,” said Alistair Rennie,
General Manager, Applications 724 Solutions Inc. “Nokia is clearly an
important player on mobile e-commerce solutions. Working with Nokia enables us
to bring to the financial services industry further flexibility and broad
interoperability of an advanced range of security solutions.”

Jukka Riivari, Director, Sales and Marketing, Corporate, Nokia Networks,
states “We are delighted to be working with companies, such as 724 Solutions,
on mobile financial services solutions. The Nokia Active Signet Solution will
provide easy to use mobile e-commerce solutions that will be essential to the
faster adaptation of new services. With 724 Solutions, we will be able give
customers quick access to turnkey solutions when they want to undertake a new
range of wireless transactions, such as large-value funds transfer, loan and
mortgage agreements, and credit card applications.”
724 Solutions will work together with Nokia to enable its customers using
the FSP to deploy 724 Solutions’ m-banking and m-brokerage offerings in
conjunction with Nokia products.

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 monetize the Internet by

building, deploying and integrating personalized and secure mobile commerce
and lifestyle applications. The company also offers end-to-end customer
support through its global application hosting and contact center services.
724 Solutions’ customers have a combined customer base totaling more than 270
million consumers worldwide. With dual headquarters in Toronto, Canada, and
Austin, Texas, the company has development and sales offices around the world,
including Australia, Barbados, Finland, France, Germany, Japan, the
Netherlands, Switzerland, the United Kingdom and the United States. 724
Solutions’ common shares are listed on the NASDAQ National Market (SVNX) and
The Toronto Stock Exchange (SVN). For additional information visit http://www.724.com.

About Nokia

Nokia is the world leader in mobile communications. Backed by its

experience, innovation, user-friendliness and secure solutions, the company
has become the leading supplier of mobile phones and a leading supplier of
mobile, fixed and IP networks. By adding mobility to the Internet, Nokia
creates new opportunities for companies and further enriches the daily lives
of people.

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BELGIUM

De La Rue PLC announced this week it will buy Ascom Business Unit Cash
Handling Belgium from telecommunications and service automation company
Ascom Autelca AG for EUR622,000. De La Rue is the world’s largest
commercial security printer and paper maker, involved in the production of
over 150 national currencies and a wide range of security documents such as
stamps and vouchers as well as brand protection.

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CANADA

Global Payments Inc. announced that it has closed a transaction with
Canadian Imperial Bank
of Commerce, originally announced on November 9, 2000. Global has
acquired certain net assets of the merchant acquiring business of CIBC and has
formed a ten-year marketing alliance with CIBC to offer VISA credit and debit
card payment products and services to merchants in Canada. The acquisition
and the related marketing alliance significantly broaden Global’s scope and
presence in North America and provide customers served by CIBC’s merchant
acquiring business with an array of additional payment solutions. The
combined operations of Global and CIBC’s Canadian business include processing
2.4 billion transactions annually from approximately 915,000 merchant
locations in North America. Annual revenue from CIBC’s Canadian business was
$92.0 million for the year ended October 31, 2000.

Under the terms of the purchase agreement, Global has issued 9,764,623
shares of common stock to CIBC, providing CIBC with a 26.25% ownership
position in Global Payments.

“The commencement of this partnership is an exciting milestone for Global
Payments,” said President and CEO Paul R. Garcia. “We enthusiastically
anticipate the opportunities this relationship affords all of our
constituencies,” he said.

David Marshall, Vice Chairman of CIBC, said, “We are very pleased to be
working with Global Payments, and we are convinced that our alliance will
yield numerous benefits for our North American customer base.”

Global Payments Inc. is a leading provider of electronic transaction
processing services to merchants, Independent Sales Organizations (ISOs),
financial institutions, government agencies and multi-national corporations.
Global Payments offers a comprehensive line of payment solutions, including
credit and debit cards, business-to-business purchasing cards, gift cards,
check guarantee, check verification and recovery, terminal management and
funds transfer services.

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