Cash Tech Deals

Cash Technologies, Inc. announced that it has signed a software licensing and payments-gateway agreement with transaction processor Premier Processing Alliance, LLC (Premier), a joint venture of ATM network operators Community Merchant Services, Inc. (CMS) and Welch Systems, Inc., credit card processor Nobel Electronic Transfer, LLC and Quad Cities Bank. This installation will be the first of its kind, incorporating software distributed by Cash Tech under its previously announced agreement with TII Smart Solutions. Through this arrangement, Cash Tech will gateway all of Premier’s nearly 1,000,000 transactions per month. In addition, Cash Tech’s EMMA (E-commerce Message Management Architecture) system will enable Premier’s 2,500 managed sites to take advantage of value added applications, such as check cashing, bill payment, Internet applications and other advanced services.

Cash Tech will be integrating the traditional ATM and POS processing capabilities of TII’s software with the advanced functionality of EMMA. According to Bruce Korman, CEO of Cash Technologies, “This is the first example of our cookie-cutter plan to roll out EMMA transactions throughout the ATM industry. The approach offers a cost effective path for ATM network operators to migrate from conventional to advanced function transactions. EMMA provides access to conventional EFT networks as well as the Internet and a wide variety of advanced function hosts.”

The implementation plan calls for the system to be driving its first revenue-generating transactions by May 31, 2001.

Bob Miller, Marketing Director of Premier and Senior Vice President of CMS, added, “Cash Tech’s solution allows us to reduce costs by bringing our conventional ATM transaction processing in-house, while EMMA’s functionality puts us ahead of the curve in the marketplace by enabling new services — the best of both worlds.”

About Premier

Illinois-based Premier Processing Alliance, LLC, offers debit and credit card transaction processing and settlement to the ATM and retail industries. Premier is a newly formed joint venture of transaction processor Nobel Electronic Transfer, LLC ([http://www.nobel-net.com][1]), Quad Cities Bank and ATM network operators Community Merchant Services, Inc. ([http://www.cms2000.com][2]) and Welch Systems, Inc. ([http://www.welchsystems.com][3]). CMS and Welch operate nearly 2,500 ATMs in 48 states. Nobel provides credit card acquirer and cardholder processing and authorization for 73 banks serving more than 14,000 merchants in the U.S. and internationally.

About Cash Technologies

Cash Technologies, Inc. ([http://www.cashtechnologies.com][4]) develops and markets innovative e-commerce systems, including the EMMA(TM) transaction processing software and the multifunction ATM-X(TM) and POS-X(TM) client software. Through EMMA, consumers and businesses may access a wide variety of financial services via ATMs, POS terminals and the Internet. Check cashing, electronic bill payment, event ticketing, interactive advertising, traditional ATM cash dispensing Internet-based products and other functions will be offered at retail locations and on ATMs using a variety of payment methods, including ATM cards, credit cards, checks and cash.

[1]: http://www.nobel-net.com/
[2]: http://www.cms2000.com/
[3]: http://www.welchsystems.com/
[4]: http://www.cashtechnologies.com/

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Household Image

As sub-prime credit issuers have come under scrutiny for predatory lending practices, Household International has been trying to clean up its image. Yesterday, Household launched a new Web site which combines credit education, e-commerce and customized news and services. Earlier this week Household applauded the Federal Reserve Board’s proposed amendments to Regulation Z to curb predatory lending. The Company sent a letter of March 9 to FRB supporting the efforts. The new consumer Web site, YourCreditCounts.com was created in partnership with Verilytics and is designed for middle-market consumers. Visitors to the new Web site get free credit reports, plus information from industry experts on how to monitor, read and understand credit ratings; online bill payment services and other information on how to repair or maintain a credit record; calculators for credit card paydown and debt consolidation information; online communities for discussing personal finance issues; and details on trusted sources for financial products and services, including credit cards, home equity loans and auto loans.

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BELGIUM

There are indications this week that MasterCard and Europay are planning to
merge to form the world’s largest debit card network. Europay, which has
exclusive rights to distribute MasterCards in Europe, and MasterCard, which
owns about 12% of Europay, previously formed a joint venture to offer the
‘Maestro’ global debit card. According to the London-based Financial Times, the
Board of Directors of MasterCard and Europay have agreed in principle to the
merger which is expected to be formally announced this summer. Reportedly, the
terms of the all-stock deal will give the European bank owners of Europay
between 25% and 33% ownership of MasterCard International. Europay will also
receive an unspecified number of board seats.

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US Dataworks Gov Contract

US Dataworks, Inc., which signed a definitive agreement to be acquired by Sonicport, Inc., confirmed Wednesday it has been selected by a division of the US Government to provide transaction processing.

Terms of the agreement were not disclosed, however, the Company expects further information on this contract in the coming months.

John Cooper, CEO and Director of US Dataworks commented, “Due to the upcoming acquisition of our company by Sonicport, Inc., we are not at liberty to discuss the negotiations or details of this contract, however, it is an extremely important point to make that the US Government has chosen our products to service this particular branch. Once we are able to divulge the actual government entity that will be utilizing our transaction processing services, it will be illustrated further as to the magnitude of this contract. We are extremely pleased to have secured this agreement and look forward to continuing to develop additional contracts with other large-scale entities, both in the public and private sectors.”

About US Dataworks

Established in 1997, US Dataworks develops, markets and supports transaction processing software for Windows NT computer systems. Its customer base includes many of the largest financial institutions as well as credit card companies, government institutions and high volume merchants in the U.S. It also has a strategic alliance with CheckFree Corporation (Nasdaq:CKFR) to license US Dataworks software for its banking customers and Thomson Financial Publishing, a unit of Thomson Corporation (TSE:TOC), to incorporate their EPICWare database into US Dataworks products.

About Sonicport, Inc.

Sonicport, Inc. is a financial services company specializing in integrating transaction-processing software, supported by ASP services, IT expertise and customer service. Additional value-added services include web design and development, customer software development, strategic marketing and planning.

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CAYMAN islands

American Express announced a strategic alliance that will significantly
increase the number of
Automated Teller Machines in the Caribbean that can be used by its
Cardmembers to withdraw cash. The company plans to expand the number of ATMs
that welcome the Card in this region to over 700 machines, through an
agreement that has been signed with TCS (Canada) Ltd., a major provider of
financial system solutions to the banking community throughout the Caribbean
and Canada.

TCS has considerable experience in the Caribbean having implemented
national debit systems for Jamaica, Trinidad and Barbados and switching
products to individual banks in the Bahamas, Bermuda and Grand Cayman.
American Express will tap into TCS’ existing and future client base and
leverage TCS’ local market knowledge and contacts to negotiate acceptance of
American Express Cards.

Through the agreement TCS will, on behalf of American Express, initially
approach banks on the islands of Trinidad, Jamaica, Barbados, Bahamas and
Grand Cayman. Once banks agree to accept American Express Cards in their ATMs,
TCS will then create the processing infrastructure to connect these banks to
American Express via TCS’ data processing centre in Oakville, Ontario.

“This ground-breaking agreement is another example of how American
Express is growing its ATM coverage globally,” explained Doria Camaraza,
Senior Vice-President, Establishment Services, American Express Latin America
and Caribbean. “Our partnership with TCS will help us to ensure that our
Cardmembers can use their American Express Cards for all of their cash needs
in the Caribbean’s most popular business and tourist destinations.”
American Express Cardmembers can now withdraw local currency from more
than 500,000 ATMs around the world, each displaying the recognised American
Express Blue Box symbol.

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Next Gen Vending

USA Technologies and Marconi Online Systems have joined up to create a comprehensive end-to-end technology solution for the vending industry by bringing together Marconi Online’s ‘Intelligent Vending’ service with USA Technologies’ cashless payment and interactive multimedia capabilities delivered through its ‘e-Port’ technology. The combined product will enable vending machines to become intelligent, wireless networked machines, handling many forms of cashless payments, communicating with other pervasive computing devices, enabled to conduct e-commerce and m-commerce transactions and opening up new opportunities in advertising and promotions through interactive media services. The ‘e-Port’ technology provides consumers the ability to make vending purchases with the swipe of a major credit card or bank debit card. USA Technologies specializes in processing transactions under $10, to as low as $1. Last year, Marconi Online became the exclusive provider of intelligent vending technology to the Coca-Cola Company.

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OPC & MNB

Official Payments Corporation announced the company has signed a strategic alliance with Michigan National Bank.

Under the agreement, the bank’s Public Funds group will market Official Payments’ electronic tax and fee payment services products to Michigan National’s base of government and educational clients. Michigan National’s Public Funds Group clients include over 700 local authorities, several state universities, and other state-level agencies.

Official Payments’ services enable consumers to charge their taxes, fees, fines, tuition, and other payments to their credit cards, via Internet ([www.officialpayments.com][1]) and telephone (1-800-2PAY-TAX). Official Payments provides similar services to the Internal Revenue Service, 17 state governments and over 700 counties and municipalities in 41 states across the United States.

“Official Payments’ agreement with Michigan National allows us to expand our marketing within the state, bringing the convenience of credit-card payments to a larger base of government and university clients,” said Thomas R. Evans, Chairman & CEO of Official Payments Corporation. “We expect this alliance will significantly enhance our sales efforts within Michigan,” Evans added. Official Payments currently provides services to 45 municipal and county clients in Michigan, including Auburn Hills, Flint, and Grand Rapids.

“We are pleased to work with Official Payments to expand the array of services we provide,” said Ron Jeszke, Director of Public Funds at Michigan National. “Through these services, Michigan’s municipalities and educational entities can offer citizens and students the ability to pay their taxes and fees with their credit cards, making the collection process faster and easier,” Jeszke added.

Official Payments will charge citizens and students a convenience fee for their use of the service. The fee averages between 2.5% and 3% of the payment amount. As a bonus, taxpayers using credit cards with bonus rewards programs can, depending on their card’s program, earn rewards, points, and cash-back or airline frequent flyer miles for paying their taxes and fees.

About Official Payments Corporation

Official Payments Corporation (Nasdaq: OPAY) is the leading provider of electronic payment options to government entities. The company’s principal business is enabling consumers to pay their government taxes, fees, fines, and utility bills by credit card, via Internet and telephone. The company is unequaled in market penetration and national footprint. Official Payments is the incumbent in contracts with the Internal Revenue Service, 18 state governments, and well over 700 county and municipal governments in 41 states across the United States. In 2000, Official Payments collected and processed over $925 million in federal, state, and local government payments.

Official Payments was founded in the San Francisco Bay area in 1996. Thomas R. Evans, the former President & CEO of the Internet company GeoCities, became Chairman & CEO of Official Payments in the summer of 1999. Mr. Evans brought Official Payments public in November of 1999, raising $80 million in its IPO on the NASDAQ national market. The company has experienced rapid and sustained growth over the past six reported quarters in revenue, new client acquisition, and addition of incremental services to existing clients. The company’s success can be attributed to the combination of an enormous market opportunity with a highly skilled and experienced management and staff, aggressive sales and marketing, and a core competency in developing and implementing leading-edge technical systems.

About Michigan National

Michigan National provides diversified financial services and offers creative ideas and product options designed to help consumers and businesses meet their financial goals. It is committed to being the financial services corporation of first choice in its markets and provides the leading-edge products and services that customers expect from a member of a global financial network.

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

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Late Payments Up

The number of credit card bills paid late during 4Q/00 increased to 3.34% of all accounts (seasonally adjusted), compared to 3.21% in the previous quarter, and 3.22% one year ago. The American Bankers Association’s ‘Consumer Credit Delinquency Bulletin’ also reported this morning that fourth quarter credit card delinquencies, based on total dollars outstanding, was 4.25% (not seasonally adjusted), up from the previous quarter’s 3.93% but lower than 4.28% in the same period last year. The ABA says the number of delinquent accounts has increased as the economy has slowed but remains within the average rate seen over the past five years.

4Q CREDIT CARD DELINQUENCY HISTORY
(based on total dollars outstanding)
1999: 4.28% 1995: 4.45% 1991: 4.61% 1987: 3.65% 1983: 2.74%
1998: 4.62% 1994: 3.20% 1990: 4.46% 1986: 4.80% 1982: 3.57%
1997: 5.38% 1993: 3.64% 1989: 3.22% 1985: 3.88% 1981: 2.26%
1996: 5.45% 1992: 4.11% 1988: 3.40% 1984: 2.85% 1980: 3.00%
Source: American Bankers Association Delinquency Bulletin

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LuXEMBOURG

EuroSignCard S.A. and DigiStamp, Inc. join forces to bring next
generation electronic transaction validation to European banking communities
with a trusted third-party time stamping focus.
The partnership will add to EuroSignCard’s trust center array of
security technologies with time-stamping services that are interoperable and
available today.

EuroSignCard S.A., a Luxembourg trust center, and DigiStamp, Inc., a
security system firm/provider, have announced a strategic partnership to
provide the next generation of trusted services to financial transactions;
that of trusted third party time stamping services. This partnership
expedites the delivery of secure Internet-based transactions using PKI
solutions. The DigiStamp product suite gracefully becomes part of the public
key infrastructure (PKI) to provide trusted time stamping to financial
transactions. Coupled as an ensemble to a trust center, which validates an
individual’s identity, time stamping “captures” the transaction and assigns
a time element to it. The partnership provides EuroSignCard a new
competitive advantage with an interoperable and scalable time stamp service
and DigiStamp access to the European market with a leader in trust services.
“Our customers are moving millions of euros in transactions between
financial institutions via the Internet; absolute legal certainty as to the
time and place the parties entered the transaction is critical. DigiStamp
has an open standards based toolkit to provide our developers with just such
services,” commented David Sweigert, Managing Director of EuroSignCard S.A.

“We are especially pleased that a European trust center, like
EuroSignCard, has been able to move quickly to provide secure time stamps.
We anticipate rapid growth of interest in our products as world markets
demand critical, trusted third-party time stamping services,” said Conrad
Deeter, of DigiStamp.

About EuroSignCard S.A.

EuroSignCard S.A. provides security technology for electronic
transactions to commercial and government organizations. EuroSignCard’s
products include Public Key Infrastructure (PKI) architectures, smart cards,
and cryptography techniques. EuroSignCard was formed in 1999 and recently
received a cash infusion of Euro 1,500,000. The firm specializes in
technology that complies with EU Directive 1999/93.

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BannerDirect Promotes Neale

BannerDirect of New York, NY, is pleased to name Dave Neale corporate controller, effective immediately. In his new position, Mr. Neale will be reporting directly to Christine Fontana, president. ‘Dave has been with us for less than a year and in that short time has grown to become an integral part of the company,’ says Ms. Fontana.

Based in New York, Mr. Neale will be responsible for overseeing the general accounting department, financial analysis, acquisition possibilities and all other facets of financial control.

‘During the course of a year replete with transition and growth, it became clear the demands of our business required this position to be filled by a responsible team player,’ says Ms. Fontana. ‘Dave has shown himself to be both, and as such, will have a key role in the corporation.’

Dave Neale’s previous positions include IT coordinator and assistant controller for Columbia Cornell Care, operations accountant for Cunard White Star, Ltd., and accountant for the Haitian Women Program. He is a graduate of York College (CUNY) in New York City and currently resides in Brooklyn, NY, with his wife Patrice and their infant son, Darion.

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 industries. Its services and expertise include 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), Brightwaters (NY) and Syosset (NY).

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Gemplus & BodyCom

BodyCom Technologies and Gemplus, announced they have entered into a Joint Marketing Agreement. Under the agreement, both companies will cooperate in promoting and marketing their respective products in order to increase customer recognition of the benefits of the joint use of Gemplus and BodyCom products.

Through its fully integrated smart card reader, the Forum will offer radical new applications such as highly secure mobile on-line financial transactions, on-line banking and cutting edge point-of-sale electronic purchases, in conjunction with the Bluetooth short-range RF.

Numerous countries worldwide are seriously considering the implementation of smart citizen Identity cards providing access to government and public services anywhere, anytime. BodyCom’s wireless and portable terminals will definitely provide the necessary cornerstone to enable authorities to securely access identity, driving license and car insurance information with a user-friendly, privacy sensitive and convenient workstation. BodyCom’s optional fingerprint sensor will enable Off and On-line identity verification of smart citizen ID card holders.

Dr. Bruno Lassus, VP of Healthcare and Identity Solutions at Gemplus also mentions interesting opportunities using the BodyCom’s Forum(TM) for healthcare applications in socialized medicine countries where he has already implemented some national smart health insurance and medical card programs. “These countries have medical providers visiting patients at home and Forum(TM) would provide an exceptional and expected secure solution enabling real-time eligibility verification but also accessing remote medical information and finally submitting wireless electronic claims processing,” he claims.

BodyCom’s Forum line of communicators combines the very best features of wireless mobile phones and personal digital assistants (PDAs). The Forum enables revolutionary and secure m-commerce, and multi-media functionality. Through the use of miniaturized and robust technologies, the Forum is a truly pocket-sized Smart Mobile Device (SMD), with fully integrated GSM, GPRS and Bluetooth capabilities. In addition there is a highly sophisticated module expansion architecture, known as the “Backpack(TM).” These sophisticated USB Backpacks will allow BodyCom and third parties to provide any additional functionality to the basic communicator, including a Fingerprint Sensor; Campack; Compact Flash Type II, GPS, 802.11, and numerous other features.

“BodyCom is excited to partner with Gemplus because of its demonstrated leadership in delivering market leading smart card solutions,” said BodyCom Chairman and CEO Michael Ausems. “This partnership leverages the strengths of both companies and will enable the healthcare system to streamline inter-organization communication with uncompromising personal privacy or security. The improved communication resulting from the use of our Forum Communicator and Gemplus technology will help reduce administrative costs and improve the quality of healthcare.”

About Gemplus

GEMPLUS: world Leader of smart card based solutions

Since its creation in 1988, Gemplus has been driving the worldwide deployment and marketing of smart card based specific applications and services for telecommunication, financial services and e-business security.

Gemplus smart card technology has been a driving force in the deployment of wireless telephony since 1990, when SIM cards were introduced into the GSM standard. Since, Gemplus has enhanced SIM (Subscriber Identification Module) technology to provide greater value-added services to most wireless operators and their network subscribers. Gemplus now provides products compliant with new transmission standards (2.5 Generation, 3 Generation).

Gemplus is present throughout the value chain: chip design, software development, card management system and consulting. Gemplus provides its clients and partners with comprehensive, integrated, tailor-made solutions for their security, personalization and privacy management needs.

In 2000, revenue was 1.205 BE, up 57% from the previous year’s 767 ME. Net income was 99 ME. Gemplus employs over 7870 people in more than 37 countries worldwide. Gemplus shares are traded on Euronext Paris S.A. Premier Marche and on Nasdaq Stock Market since December 11, 2000. Gemplus Nasdaq Stock Market = GEMP

About BodyCom

BodyCom Technologies’ mission is to be the world’s leading provider of truly pocket-sized, highly integrated, GPRS, UMTS and Bluetooth-enabled SMDs. Communicators that offer extreme ease-of-use, and enable revolutionary internet-based, m-commerce applications.

Founded in 1998, BodyCom is privately held and headquartered in Palo Alto, California. Please visit [http://www.bodycom.com][1] for further information, or contact Michael Ausems on 650/324-9160, michael.ausems@bodycom.com.

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

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INDIA

Navin Communications, Inc., a leader in global voice
messaging and telephony services, announced that it launched its Telivoice
Prepaid Cards in Mumbai, India. The launch
achieved two objectives. First, it made its global voice messaging service,
NavinMail(TM), readily available to the masses in
Mumbai. Second, it propelled Navin’s efforts to use prepaid cards to make the
service easily accessible to people throughout
India. The service provides a quick, easy, low-cost means of communicating with
family, friends, and associates worldwide.

Being a store-and-retrieve phone messaging service, a member does not need
Internet or computer access to send and
receive voice messages. All that the member needs is a phone operating in tone
mode. The member can access the service by
way of a local phone call, select operating instructions in a number of
languages, and record and send messages in any language.
Messages can be stored in a predefined mailbox or delivered to any phone. The
recipient can retrieve a stored message and
reply to the message by calling a local access phone number. With the
introduction of prepaid card service in India, a person can
start using the service simply by purchasing a Telivoice prepaid card,
available at retailers for 50 Rupees (approximately $1
U.S.). The registration process is very simple, allowing a person to register
and start sending messages in one step.

The cost of the service depends upon the destination and duration of
messages. The charges are deducted from the 50 Rupee
prepaid amount, and once the balance reaches zero, the member can replenish the
amount by purchasing a refill slip.

Vishwas Godbole, Navin’s chief executive officer and president, said, “This
is a great day for Navin Communications and the
people of India. Prepaid cards make our global voice messaging service more
accessible and easier than ever to use. Now the
masses in India will enjoy an affordable, efficient, and convenient way to stay
in touch with loved ones and friends throughout the
world.”

About NavinMail

NavinMail is a global voice messaging service that provides its members
with distinctive benefits. Without need of personal
computers or Internet access, members place local phone calls and exchange
messages globally with family, friends, and
associates. Outside of India, people can register for NavinMail over the Web,
at www.navinmail.com, or by calling Navin toll
free at 877/628-4626. The service is currently available in Australia, Canada,
India, Mexico, the Philippines, the UK, and the
US. Plans are to expand the service into China, Europe, the Middle East, South
America, and Southeast Asia. eNavinMail(TM),
the Web-based NavinMail messaging application, allows people throughout the
world with Internet access to use their computers
to record, send, receive, and listen to voice messages as e-mail attachments.

About Navin

Founded in 1998 by Vishwas Godbole, Navin’s president and chief executive
officer, and headquartered in San Jose, Navin
was established to empower and enrich individuals and communities by
strengthening relationships via its easy, innovative, and
affordable voice messaging solutions. To that end, Navin, a privately held,
rapidly growing voice messaging company, offers a
new class of voice messaging services for international communication. Press
announcements and other information about Navin
can be found on the Web, at www.navin.com.

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