DotComCash Phone Card

Saratoga International Holdings Corp., announced that its wholly-owned subsidiary, Saratoga Telecom which is headquartered in Hallandale Fla., has reached an agreement to become a master distributor for DotComCash, Inc. of Marietta, Ga.

Under the terms of the agreement, Saratoga will integrate the DotComCash ATM product into its prepaid telecommunications calling card product, creating a unique new traveling “all-in-one” service. The card will allow holders to send money economically, including internationally, make global long distance telephone calls at economical rates, make purchases both in person and over the Internet and manage personal finances from anywhere around the world.

“Increased mobility in our society has made it difficult for international travelers, business people and transportation employees to manage and organize their financial affairs,” said Michael Smith, president of DotComCash. “By combining our fully featured ATM product with the telecommunications services and distribution channels of Saratoga, we create a product that offers great financial mobility and flexibility for those who travel a great deal.”

The product will be rolled out initially into transportation sector markets, currently serviced by Saratoga, and will be expanded to other similar vertical markets. The integrated card will be offered in a 2 part package, allowing the traveler to share finances with family members located anywhere in the world. The card will also serve as a calling card for making calls around the world free of subscription fees, maintenance fees, access charges or surcharges. The cards will also offer access to enhanced VoIP services, like voice messaging, internet access and internet faxing, in contrast to calling card only products such as those offered by AT&T, MCI WorldCom, Sprint and other traditional carriers.

“This capability brings economy, flexibility and ease of use to travelers and transportation workers around the world, who would otherwise not be able to enjoy these benefits,” said Mario Lavadinho, sales vice president of Saratoga Telecom. “Traditional prepaid cards have so many conditions that it takes a lawyer to interpret all of them. We offer fast, economical and clear communications without a long list of terms. Added to that is the ability to send money back home, make purchases and arrange your personal finances in any part of the world.”

Questions about the product can be referred to Mario Lavadinho, Saratoga Telecom, at 954/455-7724.

About DotComCash

DotComCash, Inc. is the pioneer electronic cash solution provider featuring multiple-use stored value branded cards: DotComCash Card(TM), CashPreferred(TM) and Cash Ole(TM). DotComCash products have widespread applications but specifically target under-serviced markets, such as non-banked money transfer, teen markets and the college student market. DotComCash products are also attractive to consumers and retailers who can complement them with other incentive or loyalty programs. DotComCash products also offer enterprises solutions to money transfer for payroll, corporate travel and expense reimbursement. To learn more about this company, please visit their web site at [www.DotComCash.com][1].

About Saratoga International Holdings Corp.

Saratoga International Holdings Corp. is a publicly traded company, stock symbol SHCC:OB. Saratoga’s operating subsidiaries include Saratoga Telecom and SOLVOX Consulting Group, among others. Saratoga is a development stage company, focused on emerging telecom markets.

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

Details

SOUTH AFRICA

MediKredit Integrated
Healthcare Solutions (Pty) Ltd and OTI Africa announced a Pilot Project
for the introduction of OTI Africa’s Medical Management Application utilising
OTI’s EYECON dual interface (contact and contactless) smart card platform.
The pilot will be implemented in two phases commencing Q2, 2001, with
phase one involving pharmacies, followed by general practitioner (GP)
practices in phase two, anticipated in the third quarter.

MediKredit Integrated Healthcare Solutions (Pty) Ltd, a technology and
management company has a proven track record of 30 years in the pharmaceutical
industry and over 8 years business-to-business e-commerce experience. Through
its HealthNet Superior Technology, (HealthNet ST) it offers, speed, accuracy
and reliability via on-line real time claims processing of prescriptions in
Pharmacies and Dispensing GP practices. MediKredit currently manages in excess
of 3.4 million lives privately insured lives in South Africa. Used by over 95%
of pharmacies, it processes more than 60,000 on-line real-time transactions
per day. Contracted administrators include; Newmed, Sanlam Health, Bestmed,
Liberty Healthcare, Discovery Health, Old Mutual Health, CAMAF, Protector
Health, Multimed Administrators and Sovereign Health.

The MediKredit product differs from other competitor healthcare data
carriers in that it processes claims on a real-time basis. Claims are checked
and processed immediately by MediKredit utilising continuous availability
technology, the Stratus, whilst corrections are communicated back to the point
of service in seconds. Other on-line advantages for funders include MMAP
adjudication, price checking, upfront rejections, assured claim processing for
certain schemes, consistent application of scheme rules, data integrity and
pricing validation as per agreements between medical schemes and providers.
On provider level advantages include the reduction of payment turnaround,
claim logging and recording of claim submission dates and the reduction of
paperwork which results in reduced risk and improved cash flow.

“The decision to utilise the OTI technology was taken after a review of
available smart card platforms. The complex cryptography that the OTI
solution utilises satisfies the security requirements for Healthcare cards,”
says Ms. Wimpie du Plessis, CEO of MediKredit.

OTI’s EYECON technology is a microprocessor-based solution, which provides
customers with a multi-application platform with a full operating system on
board. OTI is the only company that can offer a field-tested combination card
where contact and contactless features use the same microprocessor and share
the same operating system. Regardless of whether the communication is contact
or contactless, the same microprocessor is activated, preserving data
integrity and security. The ability to alter the functionality of the card
through remote software updates enhances the flexibility of the card as an
e-commerce or mobile computing platform.

“In introducing the OTI Medical Management application the patient will be
authenticated by way of an off-line verification of the biometric information
stored on the card against the relevant biometric information of the holder of
the card. Moreover, the benefits to which the patient is entitled will be
verified without the need to go on-line. The implementation of smart card
technology will ensure that risks are reduced in a cost effective manner at
service provider level,” said Dr. Henry Muller, the Marketing Manager for OTI
Africa’s medical management application.

“This Agreement with MediKredit signifies a major breakthrough for OTI
Africa in the medical sector. We are confident that the EYECON technology
will deliver the business objectives and will place OTI Africa firmly on the
map not only as a provider of leading edge technology, but as a solution

provider. OTI Africa is in the process of developing business models which
will serve to illustrate the benefits of utilising a multi-application
platform through the introduction of marketing alliances between key players
in vertical markets,” said Charlotte Hambly-Nuss, Managing Director of OTI
Africa.

About OTI

Established in 1990, OTI (On Track Innovations) designs and develops
contactless microprocessor-based smart card technology to address the needs of
a wide variety of markets. Applications developed by OTI include product
solutions for mass transit, parking, gas management systems, loyalty schemes,
ID and secure campuses. OTI has regional offices in the US, Europe, Asia
Pacific, and Africa to market and support its products. The company was
awarded the prestigious ESCAT Award for smart card innovation in both 1998 and
2000. Visit OTI on the Internet at http//www.oti.co.il.
OTI Africa, a subsidiary of OTI Limited, is responsible for the
distribution, installation and maintenance of OTI’s products and technology in
the African market. Users of the OTI technology have access to an experienced
and professional management team who lead and guide dedicated functions in
sales, marketing, installation, technical, development and support services.

Details

Fraud Suite

iShopSecure Inc., a leader in e-commerce transaction security products, and Equifax Secure, the e-commerce solutions division of Equifax Inc.announced a partnership which offers online merchants and credit card issuers a complete suite of anti-fraud products.

This agreement will allow iShopSecure to create an environment for merchants that will enable them to readily utilize a payer authentication service without incurring installation costs or major implementation fees. Merchants who sign up for this authentication technology through iShopSecure can now receive a turnkey solution and obtain anti-fraud applications and services at a substantially discounted rate.

“We see this partnership as a major breakthrough in anti-fraud e-commerce platforms,” said Joseph A. McDonnell, chairman and CEO of iShopSecure. “Working with a major online security solutions provider like Equifax Secure allows us to deliver this new authentication technology to online merchants efficiently and effectively to help them eliminate consumer-related online fraud.”

This announcement also includes the launch of a new, innovative verification product – Transact-Secure(TM), a real-time payer authentication solution – which is scheduled for release to online merchants on March 1, 2001.

Equifax Secure’s authentication products involved in this reseller’s agreement include a wide range of digital certificates that protect access to Web-based applications, ensure secure online transactions, verify user identities and more.

According to a Gartner Group survey, fraud in the online world is more than 10 times more prevalent than in the off-line world. Online merchants who are interested in learning more about authentication products made available through this reseller’s agreement should call iShopSecure customer service at 888-533-5300 or visit [www.ishopsecure.com][1].

About iShopSecure

Headquartered in Davie, Fla., iShopSecure Inc., specializes in providing comprehensive, fraud preventive, real-time transaction technology solutions to safeguard credit cards issuers, consumers and e-tailers from online credit card fraud and privacy issues – the biggest barriers to the growth of e-commerce. Its technology prevents the fraudulent and unauthorized use of consumers’ credit cards and personal information, thus promoting consumer confidence and online spending. With its patent-pending technology, iShopSecure is dedicated to providing a safe, fraud-free, and secure shopping environment on the Internet.

About Equifax Secure

Equifax Secure, the e-commerce division of Equifax Inc, provides security, privacy and transaction management solutions that protect consumers and enterprises from the risk of identity theft and fraudulent transactions. Equifax Secure authenticates online consumer identity, secures business applications and manages digital certificates and directories for highly secure, private e-commerce over the Internet and other networks.

About Equifax

Equifax ([www.equifax.com][2]), a worldwide leader in enabling and securing global commerce, brings buyers and sellers together through its information management, transaction processing, direct marketing, and customer relationship management businesses. Atlanta-based Equifax (NYSE:EFX) serves the financial services, retail, credit card, transportation, telecommunications/utilities, information technology and healthcare industries, as well as government. Equifax adds knowledge, expertise, convenience and security to provide value-added solutions and processes for its customers wherever they do business, including the Internet and other networks. Equifax employs about 12,000 associates in 17 countries with sales in almost 50 states and has $2 billion in revenue.

[1]: http://www.ishopsecure.com/
[2]: http://www.equifax.com/

Details

FRANCE

Gemplus and IBM announced a services and
technology agreement to collaborate on providing smart card solutions to
customers of both companies worldwide.

As part of the agreement, Gemplus will combine their strength in card
personalization, issuance and logistics, with IBM’s
systems integration capabilities and Chip Management System solution to offer
robust, leading edge, smart card solutions across
every industry sector.

“The IBM and Gemplus agreement will provide customers with integrated, end
to end solutions that support their business
needs. This cooperation significantly enhances our capability to deliver smart
card solutions by drawing upon our respective
capabilities. Customers and business partners will have increased access to a
combination of multifunction smart cards, their
applications and lifecycle management,” said John Kirby, vice president,
Global, Mobile e-business Services.

“Using the strengths of both our companies, IBM and Gemplus will capitalize
upon this agreement to deliver best of breed
solutions to fit our customers needs,” said Gilles Michel, Executive VP
Financial Services Gemplus. “Smart Card lifecycle
management and integration services are crucial for a successful smart card
implementation. This agreement will allow for
one-stop shopping and an integrated approach.”

A major part of the companies’ agreement will focus on the deployment of a
Smart Card Life Cycle Management Application.
Through using IBM’s Chip Management System solution (CMS-e), subscribers will
be able to update authorized data elements
and add or delete entire applications directly onto the smart card. It will
also allow issuers to control, monitor, update, or delete
card applications such as the addition of new Public and Private Keys and
payment or loyalty applications. Coupling the CMS-e
system with the manufacturing, personalization, issuance, logistics and
customization services of Gemplus will provide smart card
customers a complete managed solution.

The IBM/Gemplus cooperation represents a significant step towards
fulfilling the benefits and value of multiple applications
being stored on a single card.

About Gemplus

Gemplus the world’s leading smart card solutions provider

Since its creation in 1988, Gemplus International S.A.(EuronextSicovam
5768 and NasdaqGEMP) has driven the global
marketing and deployment of smart card-based applications for
telecommunications, financial services and e-business security.

Gemplus is instrumental throughout the value chain — chip design, card
management systems, software development, and
consulting — delivering integrated custom-made solutions for the security,
personalization and privacy management needs of
clients and partners worldwide.

Gemplus technology has played a defining role in the development of
wireless telephony since the introduction of SIM cards
into the GSM standard in 1990. For more than a decade, Gemplus has pioneered
applications that enable network operators
around the world to answer the changing needs of their customers. Gemplus was
first to market with a 3G card and supplies a
product range compliant with new and emerging transmission standards — 2.5G,
3G.

In 2000, revenue was 1.205 BE, up 57% from the previous year’s 767ME. Net
income was 99 ME. Gemplus employs more
than 7800 people in 37 countries worldwide.
Since Dec. 11, 2000, Gemplus shares have been trading on Euronext Paris
S.A. First Market and on NASDAQ in the form
of ADSs.

About IBM

IBM is the world’s largest information technology company, with 80 years of
leadership in helping businesses innovate. IBM
offers a wide range of services, solutions, and technologies that enable
enterprises to take full advantage of the new era of
e-business. IBM has helped hundreds of companies deliver their services to
wireless devices . To extend e-business to mobile

e-business, IBM is exploiting its systems integration expertise, web hosting
experience, and e-business application capability
providing the reliability, scalability, global reach and security businesses
need to succeed.

Details

IRELAND

Trintech Group plc, a leading provider of secure eCommerce payment
infrastructure
solutions, announced record fourth quarter and fiscal year revenues for the
period ended January 31, 2001.
Revenues for the fourth quarter ended January 31, 2001 were $15.5 million
compared with $9.0 million for the corresponding
quarter ended January 31, 2000, an increase of 72%. Revenues for the fiscal
year ended January 31, 2001 were $49.0 million
compared with $30.2 million for the corresponding fiscal year ended January 31,
2000, an increase of 62%.

The growth in revenue reflects demand for Trintech’s secure eCommerce
payment infrastructure solutions. This demand drove
fourth quarter software license revenue to $6.2 million, an increase of 80%
over fourth quarter license revenue last year of $3.5
million. License revenue for the fiscal year grew to $20.6 million, an increase
of 125% over the previous fiscal year’s license
revenue of $9.2 million. Services revenue for the fourth quarter grew 363% to
$2.6 million from $552,000 in the fourth quarter
last year while service revenue for the fiscal year grew 134% to $6.1 million
from $2.6 million in the prior fiscal year. Product
revenue in the fourth quarter grew 34% to $6.8 million compared with $5.0
million in the fourth quarter last year and grew 21%
to $22.3 million for the fiscal year over the corresponding period in the prior
year.

Gross margin, including the cost of amortization of acquired technology of
$1.1 million, for the quarter was 39% ($6.1 million),
down from 47% ($4.2 million) in the corresponding quarter last year. Meanwhile,
gross margin, including the cost of amortization
of acquired technology, for the fiscal year ended January 31, 2001 was 46%
($22.4 million), up from 43% ($13.0 million) in the
corresponding fiscal year ended January 31, 2000.

On a proforma basis, excluding the cost of amortization of acquired
technology of $1.1 million, proforma gross margin for the
quarter was 47% ($7.3 million), compared with 47% ($4.2 million) in the
corresponding quarter last year. Meanwhile, proforma
gross margin, excluding the cost of amortization of acquired technology, for
the fiscal year ended January 31, 2001 was 48%
($23.6 million), up from 43% ($13.0 million) in the corresponding fiscal year
ended January 31, 2000.

“Our record fourth quarter and fiscal year revenues represent an important
milestone for Trintech and is encouraging to have
achieved such solid results,” says John McGuire, Chief Executive Officer. “We
are committed as a company to supplying our
customers with the most innovative and secure ePayment infrastructure solutions
to help them increase their revenues and reduce
their internal operating costs. Trintech has taken another leading step this
quarter and fiscal year as we strive towards our path to
profitability.”

In the fourth quarter ended January 31, 2001, Trintech continued to invest
in building a global organization and development of
innovative secure eCommerce payment infrastructure solutions. As a result,
sales and marketing expenditure grew 82% to $5.0
million, and research & development spending grew by 121% to $6.5 million over
the corresponding quarter last year.

Paul Byrne, Chief Financial Officer said “We continue to invest in research
and development, and sales and marketing to
strengthen the company’s leading position in the emerging mCommerce and
eCommerce marketplaces whilst focussing on the
path to profitability in this consolidating market.”

Basic and diluted net loss per equivalent American Depository Share (ADS)
for the quarter ended January 31, 2001 was
$(0.26) compared with the basic and diluted net loss per ADS of $(0.09) for the
corresponding quarter ended January 31,

2000.

In the quarter, the Company recorded a stock compensation charge of $1.2
million, equivalent to $0.02 per ADS, in relation
to stock options granted in 1999 at market value to the members of the
Company’s Advisory Board and to MasterCard as part
of a strategic alliance with the Company. The Company also recorded a charge of
$5.6 million for amortization of goodwill and
purchased intangible assets and a charge of $1.1 million in relation to the
amortization of technology, relating to the acquisitions of
Checkline plc, Sursoft, Exceptis Technologies and Globeset Inc. equivalent to
$0.11 per ADS.

Excluding the impact of the amortization of goodwill, purchased intangible
assets and technology and stock compensation
related charges, proforma basic and diluted net loss per ADS was ($0.12) for
the quarter ended January 31, 2001.

For the full year basic and diluted net loss per equivalent American
Depository Share (ADS) was $(0.59) compared with the
basic and diluted net loss per ADS of $(0.31) for the same period last year.
Excluding the impact of the amortization of goodwill,
purchased intangible assets and technology and stock compensation related
charges, proforma basic and diluted net loss per
ADS was ($0.35) for the full year period ended January 31, 2001.

Quarterly News


Trintech announced that National Bank of Kuwait (NBK), Kuwait’s leading
banking organization, adopted Trintech’s
payment infrastructure technology to provide an Internet acquiring solution
for the Bank’s online retailers. National Bank of
Kuwait is utilizing Trintech’s PayWare eHost to host online retailers
enabling them to accept and process credit card
transactions. These transactions are routed to PayWare eAcquirer, an
Internet Payment Gateway, residing at National Bank
of Kuwait. The bank then processes the authorization and settlement
requests from the online merchant. Trintech’s security
partner, Entrust Technologies, provides the digital certificate technology
used to secure the transactions between the
merchant and National Bank of Kuwait.


State Bank of Mauritius (SBM) is licensing products from the Trintech
PayWare suite as it plans to develop global
eCommerce capabilities and will use Trintech’s PayWare eAcquirer as its
Internet payment gateway solution and PayWare
eHost as its server based merchant payment system. SBM is a leading
commercial bank in Mauritius and has a network of
50 branches in Mauritius, including mainland Africa and in India. SBM
recently unveiled plans to establish itself as an
offshore, international eCommerce hub by providing online merchants with
multi-currency acquiring services.


This quarter we announced a security alliance with RSA incorporating
PayWare(R) and RSA BSAFE(R) SSL-C
encryption software. The combined software solution enhances security for
financial institutions operating in real and virtual
card-based transactions. Trintech will incorporate this enhanced security
technology into its PayWare(R) eAcquirer(TM)
payment gateway infrastructure solution for financial institutions, payment
processors, e-commerce service providers, and
card organizations, allowing Trintech’s customers to securely authorize,
capture, route and settle all card-based transactions
originating from both the physical and virtual worlds of commerce. PayWare
eAcquirer provides the technology
infrastructure necessary to take advantage of global-based
business-to-consumer (B2C) and business-to-business (B2B)
opportunities securely.


Trintech announces the resignation of Jim Bidzos from its Board of
Directors. Bidzos served as a Non- Executive Board
member since February 1999 and is stepping down in pursuit of other
professional endeavours. Since its founding in April
1995, Jim has served as Chairman of VeriSign, Inc., a public key
infrastructure (PKI) company, as well as serving as a

Director and Vice Chairman of RSA Security, Inc. (formerly known as
Security Dynamics Technologies, Inc.) a data
security company. His resignation from the Trintech Board of Directors
removes any potential conflict of interest with his
current executive duties given Trintech’s security alliances with Baltimore
Technologies and Entrust Technologies.

Acquisition News

— During this quarter we closed three of our acquisitions. The
acquisition of Sursoft, a privately held Latin American card
management software company was completed on November 15th.
Exceptis Technologies, a leading provider of B2B and B2C
Internet enabled payment infrastructure solutions for
automated payment card dispute resolution and fraud and risk
management for card issuers, financial transaction processors,
acquirers and merchants was completed on 20th November 2000.
We completed the acquisition of the primary assets of
Globeset, Inc., an Austin and Dallas, Texas based supplier of
secure ePayment infrastructure services and products for
buyers, sellers and financial service providers, on December
29th, 2000.

— This quarter we continued to execute our dual growth strategy
to plan. Our organic growth remains consistent and we are
currently focused on completing the integration of our four
acquisitions, Checkline, Sursoft, Exceptis, and Globeset. We
have already begun to experience many of the anticipated
synergies from the acquisitions such as increased cross
selling opportunities for new products to present and newly
acquired customers and demand for products in exciting new
markets.

— As Trintech continues to execute to plan to become the
dominant global provider of secure ePayment infrastructure for
the digital economy, we are investing and ensuring that we
educate our customers and partners while delivering on
shareholder value. With our substantial cash reserves and
comprehensive secure ePayment infrastructure solutions,
Trintech believes that it is well positioned to capture market
share in this consolidating market and lead our partners and
customers into the digital commerce economy.

About Trintech

Founded in 1987, Trintech Group PLC is a leading provider of secure
electronic payment infrastructure solutions for
card-based transactions for physical world commerce, eCommerce and mobile
commerce. The company offers a complete
range of payment software products for credit, debit, commercial and
procurement card applications, as well as being a world
leader in the deployment of payment solutions for Internet commerce that are
fully SSL and SET(TM) compliant. Trintech’s range
of scalable open systems architecture solutions for UNIX(R) and Windows NT(TM)
platforms covers consumer, merchant and
financial institution requirements for physical payments and the emerging world
of electronic commerce. Trintech can be
contacted in the U.S. at 2755 Campus Drive, San Mateo, CA 94003 (Tel
650/227-7000) and in Ireland at Trintech Building,
South County Business Park, Leopardstown, Dublin 18 (Tel 353-1-207-4000).
Trintech can be reached on the Web at http//www.trintech.com.

Details

CANADA

MIST Inc. reported results for the first quarter of the 2001
fiscal year.

Revenue for the quarter was $4.9 million compared to $6.5 million for the
same period in 1999. The decline was due to the
acceleration of purchases in 1999 in preparation for the Year 2000. In the
first quarter of fiscal 2000, the Company was
completing a number of certifications required to sell wireless units. Several
of the certifications were not completed until late in
the quarter, which delayed the Company’s ability to sell its wireless products
in the US.

Operating loss from continuing operations for the first quarter was
$1,800,000 compared to income of $661,000 for the same
period in the prior year. Income from discontinued operations was $928,000,
compared to a loss of $390,000 for the same
period in the prior year. Discontinued operations includes the results of the
US card facility up to November 14, 2000, the date it
was sold, the results of the Canadian card facility, which was sold in February
2001 and the results of NBS Holdings Limited.
The Company recorded a gain on the sale of the US card facility of $9.3 million
during the quarter. Net income applicable to
common shares for the quarter was $7.1 million, or $0.21 income per share on a
fully diluted basis, compared to a loss of
$124,000, or ($0.00) loss per share on a fully diluted basis for 1999.

Operating highlights include


The Company focused its efforts on completing wireless network
certifications in preparation for the introduction of two new
products FreedomGateTM and MIST Freedom III. MIST Freedom III (“FIII”) is
nearing completion and should be
available for sale in April of this year. FIII is a desktop, Internet
enabled, wireless point of sale transaction terminal with a
touch screen. FIII was designed to take full advantage of the features of
FreedomGate, our software platform for enabling
wireless transactions and eCommerce. FreedomGate should be available to
select customers during the second fiscal quarter
of this year, and more widely available in the third quarter of this fiscal
year. The Company was also successful in certifying
MIST Freedom II with several large US based transaction processors. These
certifications are essential to sell the product in
the US market.


Development of MIST FreedomSped was completed and will be available for sale
during the second quarter of the fiscal
year. FreedomSped is a secure pin entry device, or pinpad, that supports
smart card transactions. It is available for our
wired Turbo product, MIST Freedom III or may be attached to PC based cash
registers, allowing customers the
opportunity to cost effectively serve the growing smart card market.

Outlook

“It is a very exciting time at MIST. Development of FreedomGate and MIST
Freedom III are nearing completion, and
customer reaction to our technology has been very positive,” stated Charles E.
Lee, President and CEO of MIST Inc. “We look
forward to bringing our customers great technology and innovation this year.
Our re-organization is nearly complete and our
energies are entirely focused on bringing our new wireless products and
services to market successfully.”

About MIST Inc.

MIST Inc. (TSE MIS), a leading global provider of wireless
transaction-enabling technologies, is in the business of designing,
manufacturing, and distributing wireless and wired Point-of-Sale (POS)
solutions, including FreedomGateTM, our wireless
enabling gateway platform. MIST’s clients include Canadian and international
banks, financial institutions, credit and debit card
processors, as well as retail, hotel, restaurant, healthcare, and loyalty
customers. The “MIST Freedom” family of wireless
transaction terminals was developed to complement its range of existing
products. MIST has business offices in Canada, and the
United States. For more information, please visit www.mistwireless.com.

Details

UK

Following a meeting of the VISA EU Board on February
23, Visa has committed to investing €168m to accelerate the migration to chip
cards and chip technologies in order to address concerns about escalating fraud
levels.

Under the scheme, the investment has been allocated to support a range of
initiatives targeting Visa card issuing banks, acquiring banks, retailers and
technology providers. These include

· Financial incentives to member banks for chip card issuance

· Support to vendors to increase the range of products and equipment

· Technical assistance to suppliers within the electronic point of sale (EPOS)
industry

· The placement of terminals at large retail sites

· Targeting and supporting those retailers suffering from high levels of fraud
loss.

“We recognise there is increasing concern about fraud and anticipate the total
fraud reduction as a direct result of accelerating the move to chip will be
worth over 700 million euro. We expect over 180 million Visa and Visa Electron
cards to be carrying an EMV chip by December 2004,” said Mr Hans Van der Velde,
President, Visa EU.

“Indeed, in France, Carte Bancaire has recently announced an agreement with the
retailer community which will result in the upgrade of cards and terminals to
EMV standards. In the UK, over 8.5m chip cards have already been issued and
over 80% of payment cards are expected to be chip-based in the next two years.
Additionally, equipment suppliers are predicting that they will have phased out
the manufacturing of magnetic stripe only reading equipment within the next two
to three years,” added Mr. Van der Velde.

Chips are expected to transform existing payment cards to allow
multi-applications such as loyalty schemes and electronic banking to be added
on to the card, providing greater convenience and flexibility to cardholders.

“This investment will give a strong signal to the market that Visa and its
members are serious about eliminating payment card fraud in Europe. We are
committing this money because we believe that chip is the best way to combat
the escalation of fraud and hope that the other parties involved will follow
our lead,” said Eduardo Merigo, chairman of the Visa European Board.

As a result of the liability shift, retailers who deploy chip reading
technology stand to benefit from a shift in transaction liability through their
acquirers. Card issuers will become responsible for fraudulent transactions if
they have not implemented chip, where it can be demonstrated that chip would
have prevented the fraudulent transaction from occurring. Retailers are also
expected to benefit from the ability to utilise remote payment technologies and
to add proprietary loyalty schemes through partnerships with the banking
community.

“This is great news for the retailing community. Chip technology not only cuts
fraud but is a key enabler in customer relationship management (CRM). As sales
gains become tougher to achieve through conventional methods, retailers will
increasingly have to rely on CRM and the related tools of tracking and reward
schemes to get more business from their customers,” said George Wallace, CEO,
Management Horizons Europe, (Retail Consultants).

– Ends –

Notes to Editors

The specific timetable for migration to chip in Europe can be summarised as
follows

October 2001
· All acquirer systems and networks must be re-certified as capable of carrying
EMV/VISchip data in authorisation and clearing messages. This re-engineering
of the backbone infrastructure will ensure that all markets will have the
capability to place chip terminals

· Existing Visa debit/credit chip card programmes are to be converted to
EMV/VIS
as quickly as possible. All chip issuers must have developed EMV/VIS compliant
solutions and deployment of these must be underway. Special arrangements apply
to issuers implementing both EMV and the Common Electronic Purse Specifications
(CEPS)

· All new Visa acceptance devices EMV and VIS compliant . Potential placement
of

EMV compliant acceptance devices at high fraud locations.
Jan 2005

· Changes to the Visa EU Regional Operating Regulations will become effective,
such that those Visa Members that have not implemented a chip infrastructure
will be liable for all fraud that could have been prevented through its use.
About EMV/VISEMV stands for Europay-MasterCard-Visa – a joint industry working
group created to facilitate the introduction of chip technology into the
international payment systems environment by developing joint specifications
for Integrated Circuit Cards (ICC) and terminals for Payment Systems. EMV’ 96
serves as the global framework for chip card and terminal manufacturers
worldwide.

VIS stands for Visa Integrated Circuit Card Specification. Simply put, VIS is
Visa’s customisation of the EMV specifications. It defines the specific
technical details/requirements that need to be implemented for the use of Visa
products within EMV.

About Visa International

As the “World’s Best Way to Pay,” Visa is one of the world’s leading payment
brands and the largest payment system worldwide with more volume than all other
major payment cards combined. Visa plays a pivotal role in advancing new
payment products and technologies to benefit its 21,000 member financial
institutions and their cardholders. Visa has more than 80 smart card programs
in 35 countries and on the Internet, with 23 million Visa chip cards, including
eight million Visa Cash cards. Visa is pioneering SET Secure Electronic
Transaction™ programs to enable and advance Internet commerce. There are over
one billion Visa, Visa Electron, Interlink, PLUS and Visa Cash cards, which
generate more than US$1.6 trillion in annual volume. Visa-branded cards are
accepted at over 19 million worldwide locations, including at more than 627,000
ATMs in the Visa Global ATM Network. Visa’s Internet address is http//www.visa.com.

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AUSTRALIA

Keycorp Ltd reported an operating loss after tax of $A14.7 million ($US7.7
million) for the year 2000. For 1999, Keycorp reported a net profit of $A7.28
million ($US3.81 million). The Company says it suffered delays in realizing
revenue last year. The delays resulted primarily from extended periods for
certification on certain contracts, delays in procurement to meet demand and
longer than expected finalization of large contracts. Smart card specialist
Keycorp says it spent $A29.9 million ($US15.67 million) on research and
development during 2000, a 45% increase over 1999.

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UK

Entrust Technologies, the leading global provider of Trust Relationship
Management for e-business,
and Egg, one of the UK’s leading e-commerce financial services companies, today
announced that they have won MIPS
Technologies “Best M-Commerce Implementation Category” at the Advanced Card
Awards.

Egg’s use of Entrust Technologies’ getAccess Mobile Server enables Egg to
deliver secure, individualized web access to its
customers via WAP, and ensure its customers can access banking and shopping
services via mobile devices.

The Advanced Card Awards, now in its third year, is the UK’s foremost card
industry awards program. Its aim is to reward
pioneering implementations and technical innovation within the international
card industry. The best M-Commerce Implementation
category was introduced this year and recognizes the increasing importance of
smart card technology in secure m-commerce.
Entrust competed against other leading smart card manufacturers in this
category. The judges of the award included leading
figures from the Smart Card industry as well as other independent experts such
as Duncan Brown, Consulting Director at Ovum,
and Jack Schofield, computer editor at the Guardian.

“The Advanced Card Awards scheme was created to honor innovative
technologies in the card industry,” said Richard Kirk,
vice president and general manager, Global Wireless Solutions, Entrust
Technologies. “To have won this award is recognition of
our market-leading work with Egg-a collaboration that positions Entrust
Technologies at the forefront of wireless technology.”

“We are delighted to have won this award,” said Peter Marsden, chief
technology officer at Egg. “Through our long standing
relationship with Entrust, our customers can now enjoy unlimited access to
their account information at any time, wherever they
are. We are really pleased with our choice of getAccess and our continued
relationship will help build on our already hugely
successful banking service.”

The smart card industry is growing and the technology will play a
fundamental role in both leisure and commerce. The scope of
smart cards has already extended from banking cards to intrinsic security
elements in the arena of Internet and mobile services.
Entrust is leading the way in this arena by delivering innovative secure
solutions that enable companies to expand their e-business
capabilities and exploit the new opportunities offered by wireless commerce.

Schlumberger Test & Transactions, a business segment of Schlumberger Limited
announced it has
won the coveted Advanced Card Award for the “Best Loyalty Implementation”
with its Advantage Card powered by Egg. Based on the Schlumberger
EMV-compliant e-Galleon card, the Advantage Card combines loyalty points and
credit capabilities on one secure smart card – turning the potential of
multi-application card technology into practical reality.

The third annual Advanced Card Awards also selected the iSimplify! Card,
developed by Bull CP8 and announced at the Paris-based Cartes’1999 fair, as
the most innovative product of the year.

The iSimplify! card is based on an innovative technology which transforms
a smart card into a true node of the Internet network and is the first smart
card to integrate this concept.

The card is designed to simplify and secure personal access to the
Internet by integrating Internet protocol (IP) communications within the smart
card. The iSimplify! card stores each user Internet ID, enabling secure,
hardware-independent access to personal data such as bookmarks and e-mail
address books. The Oversoft technology used in the iSimplify! card is a
communication architecture that adds a new function to the smart card. The
card “talks IP”, is proactive and can achieve operations requested via the
Internet.

iSimplify! selected by Dataquest
Dataquest highlighted the iSimplify! card as particularly relevant to
network security applications and as one of the most innovative developments
in the smart card industry in 1999. Dataquest identifies secure network
access as the fastest-growing smart card application, particularly in North
America, which will retain more than 56 percent of worldwide share throughout
1999-2004 period.

About the Advanced Card Awards

The Advanced Card Awards is the UK’s foremost card industry awards program,
rewarding excellence in all aspects of the
international card industry. Now in its third successful year, it is sponsored
by Bull, ORGA, STMicroelectronics, Oberthur Card
Systems, MIPS Technologies, Card Technology, RNIB, Smart Card 2001, Mortimer
Alexander, Knight & Charles, Bluefish,
Mondex International and Ctt. For further information, contact Jane Adams on
0044 205 226 9841.

Details

UK

In a move to accelerate its
expansion into the European electronic payments market, First Data Corp.
announced that it has changed the trading name of its UK
subsidiary FDR Limited to “First Data Europe,” which will focus on
driving continued European expansion across its card issuing services and
merchant processing businesses.

“First Data Europe is well positioned to capitalise on the strong growth
in European electronic payments by virtue of our unmatched experience, our
market scope and technological strength,” said Gerald Hawkins, chief executive
officer of First Data Europe. “As the leading processor of electronic
payments in Europe, we are already the processor of choice for a number of
European financial institutions. The new name provides the catalyst to drive
the organisation to further solidify our position and greatly expand on it.”
Currently, First Data Europe serves more then 50 financial institutions,
450,000 merchant locations, and 28 million cardholders in the United Kingdom,
Germany, Spain, The Netherlands and the Middle East. First Data Europe is
also the European leader in Internet card processing.

Europe’s move toward a cashless society is one of the factors driving
First Data’s expansion on the Continent. According to The Nilson Report,
European credit card transaction volume was up over 16 percent in 1999, with a
total of 10 billion transactions worth more than $US 230 billion — an
increase of close to 19 percent.

Additionally, Europe is the driving force behind smart card growth. A new
Frost & Sullivan report indicates smart card shipments in Europe will continue
to rise from $US 794.6 million in 1999, to $US 2.05 billion in 2006, with
revenues jumping from $US 1.2 billion, to $US 4.2 billion in the same period.
First Data Europe already processes nearly seven million smart card accounts,
which is expected to grow to 10 million by year-end 2001.
Other trends fueling First Data Europe’s opportunities include bank de-
regulation, which is well under way in most European Union countries. Many
banks are finding that outsourcing card processing is an attractive option in
an increasingly competitive market.

“Because we enable businesses and consumers to pay anyone-anywhere-
anytime, using any device that gets them online, we are helping to deliver on
the promise of the Internet — which is growing rapidly in the European
market,” said Hawkins. “In addition, we have initiated a $50 million
investment in our technology, which will give us the functionality and
bandwidth that makes First Data Europe an attractive partner for financial
institutions.”

First Data A Business without Boundaries

All of First Data’s businesses have continued to expand their transaction
processing and payments services leadership across borders. In addition to
Europe, First Data’s card issuing services and merchant processing operations
are today active in Australia, Canada, Mexico, Panama, the Dominican Republic
and South America. Each year, First Data processes more than 13 billion
electronic payment transactions worldwide.

First Data Europe intends to leverage its already strong presence in two
of the strongest European economies – Spain and Germany, where the company has
dedicated offices and significant client relationships.

* First Data Europe has provided credit and debit card-processing
services in Germany through an agreement with
BayerischeHypothekenWechselBank AG (Hypo Bank) since 1996. In 1998,
Hypo Bank merged with Bayerische Vereinsbank AG to create the second
largest bank in Germany, HypoVereinsbank. First Data Europe now
processes approximately one million accounts for its six German clients
who also include Advance Bank and Dresdner Bank.

* First Data began its operations in Spain — First Data Iberica —
through a joint venture with NISA (Negocios Informaticos, S.A.) in
1997. NISA is the largest card processor in Spain’s oil services
market. In 2000, First Data Iberica, with its main office in Spain,
processed more than 90 million transactions on behalf of merchants and
held 360,000 cardholder accounts on file.

* Additionally, First Data Europe has a growing presence in the Middle
East with Riyadh Bank and Arab National Bank.

First Data’s merchant processing operation currently handles all
transaction processing for Lloyds TSB and HSBC in the United Kingdom. In
addition to its UK operations, First Data is adding dedicated staff in
merchant acquiring services in Germany and Italy and is focusing additional
resources on European business development.

“Europe is an exciting example of explosive international growth that is
underway in every facet of our business, coming from virtually every corner of
the world,” said Eula Adams, executive vice president of First Data. “The
increasing use of e-payments and country-to-country migration are some of the
trends that make First Data today a dynamic global growth company.”

First Data has achieved and is continuing aggressive international growth
through its Western Union money transfer business. Throughout Europe, Western
Union has more than 37,000 agent locations in more than 10,700 cities.

Atlanta-based First Data Corp. helps move the world’s money. As the
leader in electronic commerce and payment services, First Data serves more
than two million merchant locations, 1,400 card issuers and millions of
consumers, making it easier, faster and more secure for people and businesses
to buy goods and services using virtually any form of payment. With more than
27,000 employees worldwide, the company provides credit, debit and stored-
value card issuing and merchant transaction processing services; Internet
commerce solutions; Western Union money transfers and money orders; and check
processing and verification services throughout the United States, United
Kingdom, Australia, Mexico, Spain and Germany. Its money transfer agent
network includes approximately 101,000 locations in more than 185 countries
and territories.

Details

MEXICO

Gasper Corporation, a leading
provider of automated teller machine management software, announced an
agreement with Banamex, one of the largest banks in Mexico.
Gasper will provide ATM management services for 3,500 ATMs throughout the
country.

“We look forward to a mutually beneficial relationship with Gasper as we
strive to uphold our reputation as the most technically innovative bank in
Mexico,” said Eduardo Castillo, Director of Technical Operations for Banamex.
“Gasper’s technology will assist us in maximizing ATM availability and
customer satisfaction.”

As part of a combined agreement, Gasper Corporation will install and
support its industry-leading ATM management solution, Gasper Manager and
NCR Corporation (NYSE NCR) will provide First Line Maintenance (FLM) and
Second Line Maintenance (SLM) for the Banamex NCR ATMs. Currently, Gasper
Management systems manage over 170,000 ATMs worldwide.

Gasper Manager is a Windows-based solution that features sophisticated
online monitoring, an integrated trouble ticketing and notification system,
and the most comprehensive reporting capabilities in the industry.

Gasper Manager’s four components work together to optimize ATM
availability and cost-effectiveness. The Core Manager interprets ATM status
codes, takes action based on customer-defined rules, opens and manages trouble
tickets, notifies appropriate personnel and reports on network and service
team activity. The Automated Service Manager executes and manages service
team notification, tracks performance, and escalates based on customer-defined
parameters. The Automated Command Manager enables and manages host commands
to ATMs and other elements. Transaction Monitor thresholds ATM transaction
and Reversal & Denial rates, detecting and acting upon potential problems with
Switch and Host links, Card Bases and ATM terminals.

Users of the Gasper Manager solution enjoy improvements in availability
and associated revenues arising from increased customer satisfaction,
decreased service costs through the reduction of first- and second-line
service calls, and lower operational costs due to improved help desk
productivity.

For more information on Gasper Corporation or Gasper Manager, visit
http//www.gasper-corp.com .

About Gasper Corporation

Gasper Corporation, a leading provider of ATM management software, offers
comprehensive solutions that are specifically tailored to solve ATM management
problems. The company’s solutions monitor ATMs and manage the entire ATM
support process to maximize ATM availability, profitability and customer
satisfaction for ATM networks worldwide. Headquartered in Dayton, Ohio, the
company’s solutions are used to manage more than 170,000 ATMs worldwide.
Visit Gasper at http//www.gasper-corp.com .

About Banamex

Banamex was formed in 1884 as the result of a merger between two banks,
Nacional Mexicano and Mercantil Mexicano. Banamex has always been on the
forefront of banking technology, installing its first ATM in 1972, and
recently launching the first financial Internet portal in Mexico. Banamex was
recently named Best Bank in Latin America, Safest Bank in Latin America and
Best Corporate Internet Bank in Latin America by LatinFinance magazine, and
Best Bank in Mexico by Global Finance. Visit Banamex at http//www.banamex.com .

About NCR Corporation

NCR Corporation 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.
More information about NCR and its solutions may be found at
http//www.ncr.com .

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ICELAND

Trintech has signed a contract to implement its dispute management software in
VISA Iceland, the sole processor of VISA transactions in Iceland.

The implementation of the PayWare ICS product is intended to streamline
Visa Iceland’s chargeback processing by using
Trintech’s advanced knowledge-based system technology.
Iceland is rapidly becoming a cashless society and the increased usage of
payment cards has led to increased chargeback
levels for all issuers, with Visa Iceland being no exception. “We needed a
solution to help us to fulfill our goal of reducing both the
time and money we spend processing chargebacks. Trintech is a specialist and
leader in this area and their expertise made them
the clear choice for Visa Iceland,” said Thordur Jonsson, Senior Manager for
Cardholder Services, Visa Iceland. “The
implementation of the PayWare ICS system will also allow us to significantly
improve the quality of service delivered to our
cardholders during the dispute resolution process.”

“Trintech’s ICS solution is a blend of Artificial Intelligence (AI),
workflow, Internet and transaction processing technologies
which gives Visa Iceland the power to increase productivity and significantly
reduce it’s processing costs. The PayWare ICS
solution is continually updated with changing regulations from Visa and
MasterCard/Europay which ensures accurate processing
of all types of disputed transactions.” said John Harte, Trintech’s Senior Vice
President for Marketing and Sales.

About Trintech

Trintech is a leading provider of secure electronic payment infrastructure
solutions for real world, Internet and wireless
transactions. The company, founded in 1987, offers a complete range of payment
software products for credit, debit, commercial
and procurement card applications. Trintech’s secure product range is deployed
in over 35 countries worldwide and covers the
payment requirements of consumers, card issuing banks, merchant acquiring
institutions, merchants, eMerchants, telcos, wireless
operators, ISPs/CSPs, Portals and large corporations. The Group’s range of
scalable, open systems architecture solutions for
UNIX(R) and Windows NT(TM) platforms covers consumer, merchant and financial
institution requirements for all card-based
payments, including eCommerce and the emerging world of mCommerce. Trintech can
be contacted in the U.S. at 2755 Campus
Drive, San Mateo, CA 94003 (Tel 650/227-7000) and in Ireland at Trintech
Building, South County Business Park,
Leopardstown, Dublin 18 (Tel 353-1-207-4000). Trintech can be reached on the
Web at http//www.trintech.com. Investor
information can be found at www.trintech.com/investor.

ICS Product Overview

Trintech’s Issuer Chargeback System (ICS) automates the exception
management process from end-to-end, increasing
processing efficiency and creating more opportunities for greater customer
care.

ICS combines a powerful decision-support environment with compliant dispute
regulations to enable optimum management of
the entire chargeback process using an easily understood graphical user
interface for swift and informed decision-making.
The essential difference between ICS and other exception management systems
is its built-in knowledge of national and
international chargeback regulations. The chargeback regulations for VISA and
MasterCard/Europay have been encoded into
the application so that the system can recommend the appropriate action and
chargeback reason codes for each case, replacing
the need to navigate a series of intricate paper trails and complex and
changing regulations. Combined with ICS’s ease of use, this

dramatically reduces the average training time for new staff to be fully
operational.

About Visa Iceland

Visa Iceland was formed in 1983 when 5 banks and 13 savings banks decided
to join forces and apply for group membership
to Visa International. All banking institutions in the country now hold a stake
in the company. The role of Visa Iceland is to be
responsible for card issuance, marketing, authorizations and operations of the
central card system, merchant acquiring and EftPos
system, while the member banks take care of card applications, customer
services and collections.

Details