Brit Students & Cards

While less than 10% of British students use the Internet to access bank accounts, the most popular account feature is the debit/’Switch’ card. About 85% of students use debit cards and 88% of graduates use checking books. The study by Royal Bank of Scotland also found that more than two fifths of graduates use telephone banking compared with 36% of students and, while the use of Internet banking is relatively low in both groups, 31% of students thought they would be more likely to use the Internet if they could access their accounts from a non-secure site. Less surprisingly, only 19% of students and 14% of graduates believed that freebies and incentives influenced their choice of bank account or payment card.

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MPS Signs Fazoli’s

Fazoli’s Restaurants has chosen Fifth Third Bank’s subsidiary, Midwest Payment Systems, to provide credit card processing and Internet-based imaging technology for its 330 locations in 28 states. Fazoli’s Italian Restaurants bring together two of America’s most popular dining concepts-the Italian family restaurant and the fast-food outlet. Providing “Real Italian. Real Fast(R),” Lexington, Kentucky-based Fazoli’s specializes in providing quality food with reasonable prices and quick service.

As part of Fazoli’s initial roll-out of accepting credit card payments, Fifth Third will provide Visa(R), Mastercard(R), Discover(R) and American Express(R) credit card processing services to the company. In addition, Fazoli’s will be utilizing MPS’ back-office imaging technology, Mvision. Fifth Third’s Internet-accessible payment management system, Mvision enables retailers to scan receipts, handwritten notes or other documents into the system for responding to inquiries from customers or financial institutions.

“Partnering with Fifth Third Bank for credit card processing and back- office management services enables us to launch credit card acceptance the right way from the beginning,” offers David R. Smith, Vice President & Chief Financial Officer, Fazoli’s Restaurants. “Quality service is one of our highest priorities at Fazoli’s and Fifth Third Bank is enabling us to offer another level of service to our customers.”

Fifth Third Bank Executive Vice President Barry L. Boerstler, adds, “We are pleased to be a strategic partner to Fazoli’s Restaurants as they roll-out credit card acceptance. Our technologically-advanced, efficient services, especially Mvision, will enable the company to hit the ground running and immediately provide better service to the customers they value so highly.”

Fifth Third Bank processes 4.8 billion ATM, POS and e-commerce transactions per year for more than 65,000 retail locations and financial institutions worldwide, including The Kroger Co., Circuit City, Office Depot and CompUSA. Fifth Third Merchant Services processes over $50 billion in credit card sales annually.

Fifth Third Bancorp (Nasdaq: FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $45 billion in assets, operates 14 affiliate banks with 640 full-service Banking Centers, including 116 Bank Mart(R) locations open seven days a week inside select grocery stores and 1,400 Jeanie(R) ATMs in Ohio, Kentucky, Indiana, Florida, Arizona, Michigan and Illinois. A leader in e-commerce, Fifth Third was named #1 e-business innovator by PC Week. Fifth Third’s financial strength continues to be recognized by rating agencies with deposit ratings of AA- and Aa2 and commercial paper ratings of A1+ and P1 from Standard & Poor’s and Moody’s, respectively. Fifth Third operates four main businesses: Retail, Commercial, Investment Advisors, and Midwest Payment Systems, the Bank’s data processing subsidiary. Investor information and press releases can be viewed at

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Smart Cards Chicago

The Chicago Transit Authority has awarded Cubic Transportation Systems a $5.2 million contract for additional smart card-enabled equipment. The CTA’s introduction this month of the new Cubic contactless technology made Chicago the first U.S. city to introduce systemwide a multi-agency, intermodal smart card-based mass transit fare collection system. Under terms of yesterday’s deal, Cubic will provide new equipment such as wheelchair accessible gates designed to comply with the ADA; mass use gates designed to accept both smart cards and magnetic stripe tickets; exit gates; high-barrier security gates; smart card-enabled ticket vending machines; and information center/passenger units that will allow passengers to check the value and expiration date of smart cards and magnetic stripe cards.

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AmEx Breast Cancer Campaign

American Express has renewed its commitment to raising awareness and money for breast cancer by launching “Shop for the Cure,” a campaign to raise $500,000 for the Susan G. Komen Breast Cancer Foundation.

American Express will donate 1-cent for every purchase made on an American Express Card at participating retailers and malls from September 1st through the end of October — Breast Cancer Awareness Month. Since 1998, through similar retail promotions, American Express has raised $800,000 for the fight against breast cancer. Donations are not tax deductible for Cardmembers.

![][1] “Being a good corporate citizen in the communities in which we live and work is a core value at American Express,” said John Theiss, vice president, retail industries, American Express. “We are pleased that so many new retailers have partnered with us this year in the battle against breast cancer which allows us the opportunity to raise awareness about this terrible disease among a greater number of Cardmembers and consumers.”

As part of this year’s campaign, American Express is also sponsoring “Ten Stories, One Journey: Surviving Breast Cancer” at Westfield Shoppingtown Garden State Plaza in Paramus, New Jersey. This photo essay will feature the portraits of eleven New Jersey-area women who have survived breast cancer. Their stories, along with breast cancer detection tips and contact numbers for breast cancer organizations, will be available in free books that will be available to mall shoppers while the gallery is open from September 18th – October 28th.

American Express is committed to raising awareness and making donations towards finding a cure for breast cancer. In addition to donating $800,000 to breast cancer causes over the last two years, American Express is also a longstanding sponsor and participant in the annual Susan G. Komen Breast Cancer Foundation New York City Race for the Cure(R). The company also received the U.S. Postal Service’s first Social Awareness Award in May 1999 for its role in promoting nationwide awareness of the Breast Cancer Research Semi-Postal Stamp.

“On behalf of everyone at the Susan G. Komen Breast Cancer Foundation, I want to thank American Express, as well as its Cardmembers and participating retailers, for sharing this exciting opportunity to join our fight against breast cancer,” said Nancy Brinker, founding chair of the Komen Foundation. “The Shop for the Cure program is the ultimate “gift with purchase” — the gift of hope. Together, we can make a difference in the lives of millions of women and their families facing this life-threatening disease.”

In all, American Express Cardmembers will be able to “Shop for the Cure(R)” at nearly 50,000 retail locations nationwide including over 150 malls and approximately 750 national retail chains and local stores. Cardmembers will also be able to “Shop for the Cure(R)” at participating Web retailers. Cardmembers can visit to search for the retailers and malls that are participating in their local area.

The Susan G. Komen Breast Cancer Foundation was established in 1982 by Nancy Brinker to honor the memory of her sister, Susan G. Komen, who died from breast cancer at the age of 36. Today, the Foundation is an international organization with a network of volunteers working through local Affiliates and Komen Race for the Cure(R) events to eradicate breast cancer as a life- threatening disease by advancing research, education, screening and treatment. For breast health or breast cancer information, contact the Komen Foundation’s National Toll-Free Breast Care Helpline, 1.800.I’M AWARE(R), or visit its award-winning Website, .

American Express Company is a diversified worldwide travel and financial services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, investment products, insurance and international and online banking. For more information on American Express, visit our website at .

[1]: /graphic/americanexpress/breastcancer.gif

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Union Bank Check Cashing

Greenland Corporation announced that it had signed an agreement with the Cash and Save Division of Union Bank of California. The Agreement is for the provision of a limited number of Greenland’s automated check cashing ATM machines and for the processing services for these machines.

Dr. Lou Montulli, CEO of Greenland Corporation stated, “Greenland Corporation is very excited to have entered into this Agreement with Union Bank of California. We hope this is just one of many agreements with a financial institution that is progressive in recognizing the opportunities that the Greenland machine presents. The Union Bank of California Agreement will allow Greenland to not only demonstrate the effectiveness of its automated check cashing machine but also to demonstrate the quality of its processing services that will hopefully become the new standard of technology for the industry.”

Dr. Montulli reported that Union Bank of California is a wholly owned subsidiary of UnionBanCal (NYSE: UB), a bank holding company with assets of $33.7 billion. Union Bank of California is the second largest commercial bank headquartered in California, with over 246 branches in offices in California, Oregon and Washington, and 18 international facilities.

Ms. Yolanda Brown, Union Bank of California vice president and manager of the Cash and Save Division indicated, “Union Bank of California is a forerunner in developing and providing comprehensive personal and commercial financial products and services to individuals, businesses and government agencies, and are differentiated from our competitors by providing personalized, high-quality and responsive service. Union Bank of California has taken a lead role in providing a range of financial services to underserved neighborhoods and to the inner city.”

“We recently acquired a 40% equity position in a privately held company that operates 47 check cashing offices throughout Southern California. We believe there is a need to bring convenient banking services such as check cashing, traditional and non-traditional banking services including money orders, money transfer, telephone debit cards and loans back to the community. Our Agreement with Greenland will allow us to expand our services in this arena.”

About Greenland Corporation

Greenland Corporation is a developer and manufacturer of automated payroll check-cashing machines with full ATM functionality, phone card sales, money order dispensing and payday advance services. The Company’s automated financial services machines are being developed to provide dispensing of travelers checks, wire transfers, bill paying and electronic benefit transfers in addition to cashing payroll and government checks. The company’s common stock trades on the OTC Bulletin Board under the symbol “GLCP”. Visit Greenland Corporation on the Internet at .

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Three Dollar Smart Card

In advance of the launch of ‘VISA Smart’, Gemplus, Sun Microsystems and VISA announced from Brussels yesterday, the availability of a three dollar ‘Open Platform’ smart card. The ‘GemXpresso Lite’ smart card is a cost breakthrough product based on the multi-application ‘Java Card’ platform. While inexpensive, the card can host various combinations of applications, such as loyalty, secure Internet access and electronic purse, which can coexist alongside VISA’s debit/credit payment applications. With ‘Open Platform’ also offers a dynamic downloading capability that enables applications to be securely loaded or removed from a card after it has been issued. The card will use an 8K chip that offers 8K RAM and 24K ROM. A 32K RAM version is under development. VISA says it has also negotiated other discounts with terminal and systems vendors to provide a complete multi-functional smart card solution that can be easily cost justified. 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.

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Gen 1 Cards

A new study found that ‘Gen 1’, or kids 2-24, is the most financially savvy demographic group ever. According to the new research, these consumers have been born into an environment overloaded with advertising, and, consequently, have become desensitized to its motivational purpose. Bombarded by more marketing messages than any preceding demographic group, members of ‘Gen I’ are not impressed with flashy graphics, games, gimmicks or celebrity endorsements. The study by Kalorama Information says Internet retailers have to overcome two obstacles to capture online youth spending, namely, parental reservations and the lack of credit card access. The teen payment cards hitting the marketplace are opening the way for retailers to tap into the $14 billion of annual offline and online spending that is expected to be generated by ‘Gen 1’ consumers in 2004.

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BofA Pix Cards

Bank of America is bringing picture-perfect security to customers in Florida with its introduction of the Photo Security Check Card and Photo Security Credit Card. Bank of America, the largest Check Card issuer, is the first bank in this state to offer the check card product.

Each Photo Security Card features a customer’s photograph and signature. Both the Check Card and Credit Card offer a new level of protection against card fraud and theft. Merchants who accept the card for payment can easily verify a customer’s identification by just looking at the card. Customers are additionally protected by the Bank of America coverage of any liability incurred for properly reported unauthorized transactions and 24-hour monitoring of suspicious account activity.

The Photo Security(R) Cards are available free of charge to new and existing Bank of America checking account customers and credit card customers. Customers can sign up to receive the cards at Florida banking centers, where customers’ photographs are taken onsite.

“Bank of America is committed to protecting our customer’s financial relationship. With the introduction of Photo Security cards, we will reduce fraudulent use of our customer’s Check Cards and set the standard for consumer protection among financial institutions,” said Katherine Lacoste, senior vice president for Consumer Card Sales at the Charlotte-based bank.

The Photo Security Check Card can be used for ATM transactions as well as for purchases anywhere the Visa(R) symbol is displayed. The Check Card offers the convenience and ease of a credit card, but purchases are deducted directly from the customer’s checking account with no monthly fee or interest charges.

Bank of America was the first bank to offer complete liability protection for its Check Cards and ATM cards. Before its leading industry move in 1997 to waive liability, customers could be held responsible for unauthorized transactions.

Bank of America is the largest check card issuer with more than 22 million cards issued. Additionally, Bank of America has more than 13,000 ATMs nationwide. Bank of America is also the third largest bank credit card issuer, as measured by purchase volume.

Bank of America (NYSE: BAC), with $680 billion in assets, is the largest bank in the United States. It has full-service operations in 21 states and the District of Columbia and provides financial products and services to 30 million households and two million businesses, as well as international corporate financial services for business transactions in 190 countries. The company’s stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges, and certain shares are listed on the Tokyo Stock Exchange.

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Oberthur CFO

Oberthur Card Systems has named Ken Blakeley chief financial officer of Oberthur Card Systems for consolidation of all financial activities in the U.S. His extensive background as a financial manager provides Oberthur with broad-based financial planning and analysis that enhances strategic decision-making.

“With Oberthur’s expansion in the U.S. market coupled with the reporting requirements of the COB (Commission des Operations de Bourse, the French securities commission), we needed to expand our senior management team with top level financial expertise,” noted CEO Philippe Tartavull. “Ken’s record of leadership and ability to build strong financial teams will further support our efforts to expand our software development and manufacturing capacity as well as identify and analyze prospective acquisitions.”

Most recently, Blakeley was a financial manager for Atlantic Richfield Company (ARCO) where he successfully developed strategic operations plans and advised senior management on investment decisions for the $30 billion company. He also acquired international experience by working for ARCO in London for a few years.

Blakeley received his MBA and BSBA with honors in Accounting at the University of Southern California and is a certified public accountant in the state of California.

About Oberthur Card Systems

Oberthur Card Systems (Paris Stock Exchange, Code SICOVAM 12413), a global leader and innovator in the smart card industry, is shaping the future by offering the ultimate in SIM, WAP, UMTS, e-wallet technologies & card management systems coupled with a firm commitment to open standards. As the world No. 1 supplier of MasterCard and Visa cards, No. 1 in banking, e-commerce, m-commerce and pay-TV, Oberthur is also No. 1 in Java(TM) and GSM technologies.

Employing 3,000 people worldwide, Oberthur Card Systems has an international reach ensured by 30 sales offices and 13 manufacturing sites across the five continents. Oberthur Card Systems had sales of 185.8 million Euros in 1999.

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Card Alert Acquisition

HNC Software has acquired privately held Card Alert Services Inc., an Arlington, VA-based, risk management company that provides early detection and common-purchase-point analysis of payment card fraud on shared ATM and POS systems. HNC has acquired all of Card Alert’s outstanding stock and other securities in a merger in exchange for approximately 200,000 shares of HNC common stock. Card Alert Services was founded in 1995 and has more than 9,000 financial institutions using its services. The company worked with leading regional ATM networks, including CU Cooperative Systems, MAC, NYCE, PULSE, STAR, TYME, and LINK.

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Smart Cards USA

The big day for smart cards in the U.S. has finally arrived. Fleet Credit Card Services and Providian will announce the launch of the first ‘smart VISA’ cards this morning. First USA will also issue the ‘smart VISA’ later this year. ‘smart VISA’ is VISA’s answer the American Express ‘Blue Card’. VISA says its new payment product is the first multi-functional card that is accepted wherever VISA is accepted worldwide. The AmEx ‘Blue Card’, the first general purpose smart card issued in the U.S., has signed up more than three million cardholders since its launch in Sept. 1999. AmEx expects to reach the four million card mark by the end of this year for its translucent smart card. The new ‘smart VISA’ card will be based on a multi-application ‘Java Card’ platform. The new ‘smart VISA’ card will also cost about one third less than other smart cards in the marketplace. Providian is offering a clear plastic version of smart VISA card. The new Providian smart card is being marketed around the “Clear” theme i.e. “Clear Advantage”, “Clear Security”, “Clear Problem Resolution”, “Clear Satisfaction”, and “Clear Future”. Stay tuned as more details unravel by visiting CardFlash Online ([www.cardflash.com][1]) throughout the day.

[1]: http://cardflash.com/

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Shenzhen Goes SLMsoft

SLMsoft.com, Inc., a leading global provider of electronic financial transaction solutions for the e-commerce market, announced that Shenzhen Development Bank has selected SLMsoft.com’s credit card issuing and management, and ATM network management solutions.

“We’re very pleased to have Shenzhen Development Bank as a new client,” said Chairman and CEO Govin Misir. “Building on our reputation as an established provider of networking, card system and electronic banking technology within the region, this new client was referred to us by an existing customer, the Bank of China. We expect to continue expanding our business into the Asian market as regional banks further adopt the type of new electronic and Internet banking solutions currently being established as standards in North America.”

Under the agreement, SLMsoft.com will provide its ESP-Link/FTS Financial Transaction Solution for ATM network management and the ESP-Link/CCS credit card issuing and management solution to the Bank as it modernizes to meet the growing demand for customer-focused services.

“We selected SLMsoft.com for our technology partner because, in our opinion, the Company’s technology offers us the greatest ease of installation and broadest range of applications as we and China in general move toward a fully modernized, customer-focused banking system,” said Lin Zhou, President of Shenzhen Development Bank. “We recognize customer services as key to driving revenue growth in China. The ESP-Link ATM network management and credit card issuing and management solutions will allow us to issue our own revolving-credit credit cards and acquire transactions from local credit, debit and virtual cards. In addition, SLMsoft.com’s solutions will interface with the National Bank Card Center, along with Shenzhen Net, Shanghai Net and Guangdong Net, all of which are national and local Golden Card Networks connecting regional banks’ branches with larger central banks. Important to our ongoing expansion toward the ability to offer truly international services, the ESP-Link/FTS solution will provide us with connectivity to VISA International.”

SLMsoft.com’s technology will enable the Bank to provide its customers with service 24 hours a day, 7 days a week – a marked improvement from what is currently used at Shenzhen Development Bank. The Bank’s present system shuts down daily from midnight to 6 am. Bank President Lin Zhou concluded by commenting that, “SLMsoft.com’s solutions are flexible and modular, allowing us to add new functionalities with ease. We intend to continue our strategy of increasing the use of technological solutions to attract more local and international clientele.”

About Shenzhen Development Bank

The Shenzhen Development Bank is the first independent, public-owned, full-service bank in China, unlike most banks that are Government State-owned. Its shares are traded on the Shenzhen Stock Exchange. Shenzhen Development Bank has gained a reputation for outstanding customer service and is very small-business friendly. The Shenzhen Development Bank is recognized as one of the fastest growing banks in China and continues to introduce leading-edge products and services to satisfy a new generation of clients. As of 1999 Shenzhen Development Bank has over 50 branches in 12 cities and total assets of over US$5 billion.

About SLMsoft.com, Inc.

SLMsoft.com is a leading provider of end-to-end open system e-commerce solutions to financial institutions, governments and healthcare organizations. Founded in 1986, SLMsoft.com delivers the world’s broadest array of electronic transaction management solutions to customers in 53 countries around the globe. SLMsoft.com provides all the software, services and infrastructure businesses need to offer complete B2B and B2C e-commerce services to their customers. The Company is a single-source provider of in-house and outsourced solutions through its EC-street(TM) network of e-commerce products and services. The EC-street network includes Internet banking, ATM and kiosk networks and services, core banking systems, check imaging, telephone banking, electronic bill presentment and bill payment, point-of-sale and point-of- service management, debit and credit card solutions, web site design and hosting, and e-financial portal development. EC-street’s real-time connectivity is facilitated through SLMsoft.com’s ESP-Link(TM) middleware. The Company has over 620 employees in 22 offices worldwide.

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