Three major Canadian banks, CIBC, Scotiabank and TD Bank Financial
Group have signed a letter of intent with CertaPay Inc. to offer their
customers the latest in
payment innovation and convenience the ability to make secure payments using
CertaPay Inc. is a leader developing state of the art software that lets bank
customers send
money securely via e-mail.

This agreement is about taking the speed and convenience of e-mail and applying
it to
payments, said David Marshall, Vice-Chairman, Electronic Commerce, Technology
and Operations,
CIBC. We believe Canadians will take to e-mail payments the same way they ve
taken to e-mail.
It s convenient, fast and secure. IDC Canada research predicts almost one
million Canadians
will e-mail $2.2 billion in payments within the first 12 months of

CertaPay will enable banks to integrate a P2P payment capability into their
existing online
services. To make a payment, bank customers will access their accounts online
and specify the
recipient s name and e-mail address. The recipient will receive an e-mail
instantly with directions on how to collect the payment securely and in

Canada s financial institutions are world leaders in offering our customers the
innovations to make it easier and more convenient to do their banking, says
Albert Wahbe,
CEO of e-Scotia and Scotiabank s Executive Vice-President of Electronic
Banking. At
Scotiabank, we see this new e-mail service as marking a significant step
forward in
encouraging more Canadians than ever before to go online and try out the
convenience of
sending money securely using

CertaPay s service offers the best way to offer P2P payments because it works
within the
banks existing secure infrastructure. Most U.S. e-mail payment services
operate outside the
banking system so consumers need extra accounts, passwords and IDs to send and
receive money.

E-mail payments expand what Web banking customers can do online, says Chuck
Hounsell, Senior
Vice President, TD Canada Trust. Right now, consumers can view their accounts,
funds between accounts at the same bank and pay bills to businesses. With
CertaPay, consumers
can send money to and receive money from anyone with an e-mail address. It
will be the
service that encourages more Canadians to bank online.

Millions worldwide will make P2P payments over the next few years, says Michael
CertaPay s President and CEO. A number of international banks have expressed
interest in
CertaPay, and we intend to take our payment technology to markets outside of
North America.
Scott W. Appleby, an analyst from Robertson Stephens, predicts 42 million
people worldwide
will e-mail P2P payments by 2005.


CertaPay Inc. specializes in Internet-based payment solutions for financial
designed to open new markets and retain customers. Senior executives
responsible for
developing world-first e-commerce and financial industry initiatives (such as
FundSERV Inc.,
Trimark Investment Management Inc., Bayshore Trust and i|money) comprise its
CertaPay Inc. was formed in 2000 as a privately held Person-to-Person (P2P)
payment provider.
CertaPay s Web site is located at:



ZeitControl cardsystems GmbH has introduced a new smart card reader that can be
controlled via an ISO 7816 compatible command. The new Balance Reader is
equipped with a 10 character display and can display sums of money, loyalty
points, or a PIN. Most smart cards are capable of learning the ISO 7816
commands and the new Balance Reader can simplify the integration of a smart
card and portable reader.



Euronet Worldwide and Sila Communications announced the signing of a strategic
alliance whereby Sila Communications will market and deliver Euronet
Worldwide’s suite of wireless banking solutions to its
customer base across Europe and Asia.

Headquartered in London and employing a team of more than 200 dedicated
people, Sila currently has offices and data center
facilities throughout Europe, Singapore and South Africa. Leveraging its
parenthood with Reuters, Sila quickly became the
preferred wireless solutions provider for most brokerage and financial
institutions throughout Europe.

Targeting financial institutions such as banks, brokerage firms and credit
unions, Sila Communications will offer Account
Access and Event Messaging as a wireless ASP solution (Application Service
Provider) in Europe and throughout Asia/Pacific.
With these products, bank customers can conduct secure, real-time transactions
and access personal account information via
their mobile phone. They also can establish and maintain alerts to track their
personal accounts or brokerage accounts.

Account Access enables a customer to make a balance inquiry, retrieve a
mini-statement, perform an intra-bank transfer,
change a password, report a lost or stolen debit card, pay bills, forward
information requests and add or delete alerts right from
the palm of the hand.

The wireless Event Messaging capability is driven by the individual
customer’s preferences as established through their financial
institution’s website. Once activated, the program immediately notifies
customers with invaluable information, such as account
balances, confirmation of direct deposit to accounts, status of checks or loan
rates reaching specified targets.

The products, created by Euronet, are immediately available and financial
institutions interested in these services can be
operational within 90 days. Working together, Sila and Euronet will manage
every aspect of the integration between the financial
institution’s back-end and wireless devices, including secure, reliable,
high-performance connectivity to all mobile operators.

“Sila recognized the advantages of offering a reliable and secure wireless
solution that would allow customers to access their
personal financial information and execute banking transactions any time, any
place, simply by using their wireless phones,” said
Bo Kroll, CEO Sila Communications. “We believe Euronet’s wireless banking
products are some of the most advanced we have
seen in the marketplace. By teaming with Euronet, Sila now have a new reliable
and powerful wireless offering to add to the
portfolio of services we provide to banks and financial institutions throughout
Europe and Asia Pacific.”

“With wireless penetration expected to grow past 70% of the population
throughout Europe in the next two years, wireless
communications is an exciting and dynamic arena to be in,” said Michael Brown,
Euronet Worldwide CEO and Chairman. “We
are very pleased to partner with Sila Communications given their position as
Europe’s biggest provider of wireless data for
financial markets.”

Brown continued: “Our strategy is to expand sales channels and distribution
of our products by collaborating with dynamic
companies around the world. Euronet’s wireless partners — including Aether
Systems, Inc., Gemplus and now Sila
Communications — will help us reach our goal to be a dominant provider of
secure wireless payment transaction solutions.”

As a global provider of secure financial transactions, Euronet continues to
expand its geographic and marketplace presence
throughout Europe, Middle East, Africa, the Americas and Asia/Pacific. This
expansion allows our customers to provide their
consumers a wide array of additional transaction touchpoints and provides
Euronet continued transaction volume growth.

About Sila Communications

Sila is owned 60% by Aether Systems (Nasdaq: AETH), a leading provider of
mobile wireless delivery systems in the U.S.,
and 40% by Reuters Group (LSE: RTR). Sila provides end-to-end wireless software
solutions and services to corporations and
wireless carriers across Europe and Asia. Headquartered in London, Sila
currently has offices and data center facilities
throughout Europe, as well as in Singapore, and South Africa. Visit the web
site at

About Euronet Worldwide

Euronet Worldwide is a global provider of secure electronic financial
transaction solutions. The company provides financial
payment middleware, financial network gateways, outsourcing, and consulting
services to financial institutions, brokerages, and
mobile operators, in turn enabling their customers access to their personal
financial information and perform secure financial
transactions — any time, any place. The company’s proprietary transaction
management system powers financial transaction
solutions for over 200 clients in 60 countries as well as the company’s
processing centers located in the United States, Europe
and Asia. Euronet was recently ranked number two on the Deloitte & Touche
Technical Fast 500, a ranking of the
fastest-growing technology companies in North America. The company owns and
operates the largest independent ATM
network in Europe with corporate headquarters in Leawood, Kansas, USA, and
European headquarters in Budapest, Hungary.
Visit the web site at



A strategic
partnership formed last July between Fair, Isaac and Company, Inc.
and Fujitsu FIP Corporation is about to pay off for Japan’s
800+ consumer lending organizations as the first Web-enabled credit
decisioning solution is brought to market by the two companies.

The new service integrates LiquidCredit, Fair, Isaac’s
Web-based credit decisioning solution, into Japan’s largest network
service, which is provided by Fujitsu FIP. The service is now in
full-scale use at one of Japan’s largest financial institutions for
consumer loan application risk management.

LiquidCredit was launched last year in the U.S. by Fair, Isaac to
extend the power of its “gold standard” analytics to the Web. The
service has been widely adopted by lenders who seek instant,
cost-effective and highly reliable decisioning for a range of consumer
credit products. Fair, Isaac’s strategic partnership with Fujitsu FIP
in Japan represents the first international introduction of

“Our success in the U.S. with LiquidCredit is now creating demand
from other dynamic consumer credit markets throughout the world,” said
Tom Grudnowski, CEO of Fair, Isaac. “Japan is one of the world’s most
active consumer credit markets — second only to the U.S. in card
issuing. We expect this new Web-enabled service to provide significant
value to Japanese lenders who seek more precise, real-time decisioning
support. Fujitsu’s partnership in this venture has provided
immeasurable help to us in taking this service from idea to deployment
in less than five months,” Grudnowski said.

The Fair, Isaac/Fujitsu FIP partnership combines the world’s
leading pioneer in decision technology and credit scoring with Japan’s
largest network service provider. The partnership’s resulting Web
service was created to give Japan’s banks and other financial
institutions a more profitable means to extend credit into consumer
markets. The service offers Japan’s 800+ consumer credit grantors
instant, cost-effective credit decision support for a variety of
consumer credit and loan products.

Fair, Isaac Decision System(TM) provides the software and scoring
models to deliver the decisioning within the Web-based solution. The
components, which are marketed under Fair, Isaac’s LiquidCredit brand,
are integrated into Fujitsu FIP’s netsourced offering, allowing
clients to access the service via the Internet to gain instant support
in making decisions for credit card, retail card or installment loan

“We are not at all surprised that many of Japan’s major lenders
have expressed interest in our new service,” said Takao Ikeda,
president of Fujitsu FIP. “The need to determine credit decisions
instantly, both on the Web and in traditional channels, makes the
service we are offering with Fair, Isaac that much more important to
lenders,” Ikeda explained. He added that the two companies intend to
enhance the service even further to provide other broad risk
management solutions to new and existing clients.

Grudnowski said he believes the new service will enable Japanese
lenders to process more than one million credit applications in Japan
over the next three years. “While many of Japan’s regional financial
institutions want to expand their consumer lending business, they have
not, until now, had access to a Web-based solution that would enable
them to effectively and efficiently process consumer credit
applications. LiquidCredit will enable them to do just that.”

The new service will enable smart credit decisions within seconds
and allow lenders to avoid costly up-front implementation and
maintenance, since it is provided via the Internet. As part of its
agreement with Fujitsu FIP, Fair, Isaac is providing four product and
service components to Japanese financial institutions, including
analytic consulting, underwriting strategy and operations consulting,
scoring services and an automated decision-support software system.

About Fujitsu FIP

Fujitsu FIP Corporation, founded in 1977, ranks among Japan’s
largest system integrators and total solutions providers based on
their value-added network, the largest in Japan. Their main areas of
services are processing, outsourcing, Internet, system development,
system integration and equipment services. FIP serves the banking,
insurance, education, telecommunications, healthcare and government
sectors. With 30 years as a system developer and processor for the
credit industry, FIP-built credit systems, banking systems, securities
systems and insurance systems form much of Japan’s information
technology infrastructure.

About Fair, Isaac

Fair, Isaac is a global provider of customer analytics and
decision technology. Widely recognized for its pioneering work in
credit scoring, Fair, Isaac revolutionized the way lending decisions
are made. Today the company helps clients in multiple industries
increase the value of customer relationships. Fair, Isaac has made the
Forbes list of the top 200 U.S. small companies eight times in the
last nine years. Headquartered in San Rafael, Calif., Fair, Isaac has
21 offices worldwide. For more information, visit



MIST Inc., a global leader in wireless transaction technology, Tuesday announced that is has signed a significant agreement with The Horizon Group, one of the largest U.S. distributors of POS equipment, to distribute MIST Freedom II terminals in the United States.

Horizon, a Hypercom company based in St. Louis, chose MIST’s Freedom II wireless POS terminals to meet its growing customer base desiring wireless solutions. Horizon is also uniquely equipped to provide specific deployment services, such as software loading and encryption using the Freedom II terminals.

MIST’s wireless, direct-payment technology delivers leading-edge capabilities in Point-of-Sale (POS) transaction terminals. MIST Freedom wireless terminals allow businesses on the go, such as mobile merchants or taxi companies, to offer customers the convenience, flexibility, security, and revenue benefits of direct payment.

“MIST is an innovative leader in wireless electronic transaction solutions, and we can immediately benefit from this new relationship, as well as from synergies between their wireless transaction solutions and our existing customer base,” said Scott Rutledge from The Horizon Group. “We are pleased to add the MIST Freedom line to our product base offering.”

“Our agreement with Horizon Group opens new markets for MIST’s wireless payment terminals in the United States,” said Linda Horwath, vice president, MIST, U.S. Sales. “The POS market can benefit from our innovative technology with a truly hand-held mobile system. As the need for wireless continues to grow in the U.S., so does the need for more flexible, faster and reliable wireless payment solutions.”

MIST’s Freedom II is a wireless portable device that allows a merchant to perform credit or debit card transactions from any location. What sets the Freedom II apart is its ease and flexibility of use because integrated within each device is a wireless modem supporting multiple platforms including, CDPD, Mobitex and Ardis/Motient.

This broad variety of wireless communication methods allows the merchant to select one technology that best fits their geographical area. In addition, there is a built-in thermal printer supporting seven lines per second printing, and a Nickel Metal Hydrite battery provides approximately two hours of constant use or 12 hours standby.

About MIST Inc.

MIST Inc., 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. With facilities in Toronto and Montreal, MIST has an installed base of more than 550,000 POS terminals.

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, visit [][1]. Investors may contact



NetPost Readers

PubliCARD has snagged a deal whereby its ‘Infineer’ smart card readers will be used in a pilot project involving patient information and the U.S. Postal Service’s new NetPost Certified service. The Health Care Financing Administration plans to use NetPost.Certified for Medicare filings initially from End Stage Renal Dialysis facilities in its ‘Vital Information System for Improved Outcomes in Nephrology’ pilot project, which is expected to involve over 4,000 facilities. It is estimated that one smart card reader will be required per participating physician. The NetPost.Certified system has broad potential applications throughout the nation’s health care reimbursement/information networks, where protecting the security of sensitive patient records is legally mandated. The NetPost.Certified system, through CKM encryption software provided by TecSec and PubliCARD’s smart card readers, delivers critical privacy benefits of selective access and granular encryption.


CMS into QuickBooks

Chase Merchant Services, L.L.C. , a joint venture between Chase Merchant Ventures, Inc., a subsidiary of The Chase Manhattan Bank and First Data Merchant Services, a subsidiary of First Data Corp., an agreement with Intuit, Inc., a leading provider of small business accounting and management solutions, to become part of Intuit’s QuickBooks Internet Gateway. Under the agreement, Chase Merchant Services becomes a provider of payment processing capabilities to users of Intuit’s QuickBooks(R) accounting software. QuickBooks users can apply online to receive an Internet merchant account and approved users can process real-time credit card transactions through Chase Merchant Services, the nation’s largest merchant acquirer.

![][1] The QuickBooks Internet Gateway launched in October of 1999, enables thousands of small businesses to take advantage of innovative services offered by leading e-services providers. Nearly three million small businesses utilize QuickBooks to manage their companies.

“Intuit created the QuickBooks Internet Gateway to bring valuable Web-enabled services to our customers to help them run their businesses better,” said Dan Nye, vice president for Internet Small Business. “We’ve chosen to work with Chase Merchant Services because of the high quality of their service, a valuable addition to the Gateway and our customers’ businesses.”

“Chase Merchant Services is very excited about becoming part of the QuickBooks Internet Gateway. This gives us the opportunity to become a valuable provider of eCommerce merchant processing solutions to the top tier segment of small office — home office merchants,” said Diane Vogt, chief executive officer of Chase Merchant Services. “Intuit’s QuickBooks has nearly three million small businesses utilizing their software in the U.S. This represents a significant opportunity for CMS to reach a new, non-traditional market.”

About Chase Merchant Services

Chase Merchant Services, L.L.C., is the nation’s largest merchant acquirer and the provider of Internet-based solutions for merchants and can be reached on the Web at [][2]. Chase Merchant Services processes over 2.5 billion transactions a year and more than $175 billion in annual credit and debit card sales volume at the point of sale and over the Internet. Chase Merchant Services is a joint venture between First Data Merchant Services, a subsidiary of First Data Corp., the leading bankcard transaction processor, and Chase Merchant Ventures, Inc., a subsidiary of The Chase Manhattan Bank, the fourth largest bankcard issuer in the United States. The Chase Manhattan Bank is a subsidiary of J.P. Morgan Chase & Co. (NYSE: JPM) ([][3]), a premier global financial services firm with assets in excess of $705 billion and operations in over 60 countries.

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


Student Card Debt

Sallie Mae’s Nellie Mae released a report this week showing that students are drowning in credit card debt which may eventually contribute to student loan defaults. The research revealed that average credit card debt among students rose from $1,879 to $2,748 between 1998 and 2000. The study showed that nearly one in four students with credit card debt owe more than $3,000 and that nearly 10% of students owe more than $7,000, down slightly from 1998. The study, which analyzed the credit card behavior of Nellie Mae student loan applicants last year, also found the percentage of students with credit cards rose from 67% in 1998 to 78% in 2000; the average number of credit cards per student fell from 3.5 cards to three cards in two years; the percentage of students with four or more credit cards rose from 27% in 1998 to 32% in 2000; and the percentage of graduate students with credit cards remained unchanged for the past two years at 95%.


Customer Voice

MA-based TowerGroup has launched a new research service focused on U.S. consumers and small businesses. The new ‘Voice of the Customer’ research service will provide in-depth insight into how these customer groups conduct-and plan to conduct-their financial services business, with a particular focus on technology adoption and usage. Topics to be covered in 2001 will range from consumers’ views on cyberbanking, to small businesses’ concerns regarding electronic bill presentment/payment and employee benefits, to how financial services firms can better serve the fast-growing wealth market. Research will be based on a sample of approximately 8,000 US households and 1,000 small businesses, as well as 1,000 members of the small office/home office segment. TowerGroup’s ‘Voice of the Customer’ service will encompass three products: ‘Consumer Financial Services’; ‘Commercial Financial Services’; and the ‘Wealth Market’.


Graphicard Sold

American shoppers may soon be filing customer loyalty cards designed by New Zealanders among their credit cards and driver’s licences as a result of a multimillion-dollar deal by Auckland-based card technology company Visible Results.

The $14.4 million buy-up of Kansas-based Graphicard will make Visible Results the world’s largest provider of rewritable loyalty card programmes and earn the company US$30 million (NZ$67.8 million) a year for business done in the United States alone.

New Zealanders will be most familiar with the work of Visible Results in the form of Mobil Max cards.

Though the acquisition means 80 per cent of Visible Results’ revenue will now come from overseas, management says it has no plans to move overseas.