Spanair Discount

By purchasing a round-trip ticket on Spanair to one of its many Spanish destinations with MasterCard, you save 50 percent on a companion ticket. If you fly on Spanair again within 12 months of your first trip, you receive 30 percent off your next Spanair flight. This offer is valid for travel from September 1 through December 10, 2000 and from January 8 through April 5, 2001.

To take advantage of these savings, passengers must purchase the tickets with a MasterCard and stay over a Saturday night. The offer is valid only to USA MasterCard holders and must not be used in conjunction with any other promotional discount offer. The fare is based on availability and class of service at the time of booking.

Passenger and companion must book at the same time and fly on the same itinerary and in the same class of service. To receive the 30 percent discount on the next Spanair flight, a passenger or travel agency must mail a copy of the first Spanair ticket to Spanair at 8145 E. Evans Road, Suite 1, Scottsdale, Ariz. 85260. Travel agencies receive a 30 percent off certificate to attach to the auditor’s coupon, while passengers ticketed directly with Spanair receive the 30 percent once the copy has been received.

Spanair operates the only nonstop service between Washington Dulles International Airport and Madrid’s Barajas Airport every day with Boeing 767-300 aircraft with connecting service to the Spanish cities of Alicante, Barcelona, Bilbao, Fuerteventura, Lanzarote, Las Palmas, Mahon, Malaga, Oviedo, Palma de Mallorca, Santiago, Seville, Tenerife (North and South), Valencia and Vigo.

For reservations contact a travel agent, Spanair at 1-888-545-5757 or visit [http://www.spanairusa.com][1].

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

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Providian – Argentina

Providian confirmed yesterday it has expanded into Argentina as the site for the card issuer’s second international operation. Providian began marketing and issuing its first credit cards there in mid-July. Providian intends to use its sub-prime issuing skills in risk management to offer a broad market of Argentinean consumers the opportunity to establish or build credit responsibly. Providian’s first international expansion occurred in June 1999, when the Company began offering credit cards in the United Kingdom.

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CashMouse

SCM Microsystems and Giesecke & Devrient are teaming up for the development and marketing of a home PC-based terminal that will bring e-purse capabilities to German consumers. The terminal, to be called ‘CashMouse’ will enable ‘Geldkarte’ holders to store up to 400 German Marks of cash on the card. Over 50 million ‘Geldkarte’ secure cash cards are in circulation in Germany. Germany was one of the first countries in the world to adopt a digital signature law, giving electronic signatures the binding force of law in data exchanges. The intelligent ‘CashMouse’ reads all smart cards according to the ISO 7816 standard and can connect to the standard serial port of all Microsoft/Intel-compatible computers running Windows 95, 98, NT4 and 2000.

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Ecount & AllAdvantage

Infomediary company AllAdvantage.com announced an agreement with Ecount, an industry-leading e-commerce payments company. AllAdvantage.com members will be able to receive their online earnings in an ecount, an online payment account that will give them instant access to their money for spending anywhere, online or off.

With ecount, AllAdvantage.com members will be able to instantly purchase goods and services from any merchant on the Web, as well as securely make and receive e-mail payments to and from family, friends and businesses. Plus, with ecount’s debit card functionality, they will be able to draw cash directly from an ATM or make purchases at any brick-and-mortar store that accepts MasterCard. Funds in members’ ecounts will include their AllAdvantage.com earnings, such as “get paid to surf” money and member cash-backs. Members can also add funds to their ecounts by credit card, and through money sent from friends, family and businesses, and other soon-to-be-announced options. The ecount offering will be available to AllAdvantage.com’s members based in the United States. “After a comprehensive evaluation process, we selected Ecount’s platform because it offered the most flexibility in how and where our members can use their money – both on the Web and off,” said AllAdvantage.com CEO Jim Jorgensen. “With ecount, we’re able to bridge the gap between our members’ online earnings and their online and offline spending. This online account brings our infomediary services together.”

AllAdvantage.com expects that its membership community will welcome the convenience and flexibility that ecount provides. Recent surveys conducted by AllAdvantage.com have shown that 93% of its members have made online purchases in the past, compared with 53% of the average online population. “The convenience and simplicity of ecount make it easier for businesses to engage AllAdvantage.com’s members in online commerce, making the active online community a perfect fit for our payment platform,” said Matt Gillin, president and CEO of Ecount. “With ecount, users get instant access to their cash-backs, while at the same time, it provides a powerful tool for AllAdvantage.com to increase its value with its members and partners.”

Members of AllAdvantage.com install the company’s proprietary Viewbar(TM) software, a two-way communication window, on their desktops. As they browse the World Wide Web, the Viewbar(TM) provides information tailored to members’ individual interests, commercial offers from business sponsors, and navigation tools that include search engines and quicklinks to Web sites and special member deals.

AllAdvantage.com’s Jorgensen added that this announcement is one in a new series of “infomediary at work” announcements by AllAdvantage.com this month. It follows on the heels of AllAdvantage.com’s agreements with Net2Phone Inc. to deliver free PC-to-PC and discounted PC-to-phone services, and with RioPort, Inc. to deliver audio management software.

About AllAdvantage

An Internet infomediary with 8 million people registered to receive its service, AllAdvantage.com is redefining the way people and businesses communicate and do business online through its proprietary Viewbar(TM) communications window. The company creates value for its members by making it possible for them to benefit from their online personal data while maintaining their privacy. AllAdvantage.com also offers its members discounts on sponsored products and services, along with convenient surfing tools and information tailored to their individual needs. AllAdvantage.com offers businesses a channel for delivering direct marketing, communications, electronic commerce, and digital products to members.

The AllAdvantage.com Viewbar(TM) window, which can be downloaded free of charge on the World Wide Web, is currently available in 20 countries. For more information, visit .

About Ecount

Founded in 1997 as C/Base, Ecount is an industry-leading e-commerce payments company, which offers “next generation” transaction products and services to portals, Web communities, financial institutions, wireless service providers, affinity groups, and other businesses, through its proprietary payment platform. The Ecount platform enables companies to cost-effectively acquire, incent, and retain customers through the issuance of online debit-based payment mechanisms, which facilitate payments of any type: person-to-person, person-to-merchant, and business-to-person.

Today, the Ecount platform powers payment products developed exclusively for MSN, NBC Internet, and others. In addition, the platform has been utilized by 17% of the Fortune 100 to support various innovative customer acquisition, retention and payment initiatives, and also supports the company’s suite of branded payment products: ecount.com, the first online payment account for instantly sending, spending and receiving money online; Webcertificate.com, the only online gift certificate that can be used at any online or offline merchant; and PrivateBuy.com, the only product that enables consumers to shop anonymously anywhere on the Web.

Based in Conshohocken, Penn., Ecount is privately held. The company is actively expanding its payment platform for wireless applications and international growth. For more information, visit [www.ecount.com][1].

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

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m-Commerce Projections

Boston-based Aberdeen Group released a report this morning projecting that by 2004 there will be 74 million users of m-Commerce. Aberdeen says users want portable, localized information and personalized services and the demand for anytime, anywhere access to the Internet, declining wireless tariffs, and new mobile applications is driving the m-Commerce market. The report, entitled “Mobile Electronic Commerce: The New Economy on the Move,” examines the emerging trends, technologies, and challenges in the m-Commerce market. Suppliers profiled in the report, among many others, include Palm, MasterCard, Nokia, E-Trade, Microsoft, and Motorola.

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FUSA Lawsuit

A U.S. federal judge yesterday certified a nationwide class of over 10 million First USA Bank credit card holders in a lawsuit over First USA’s credit card practices. Attorneys for the plaintiffs estimate potential damages in this case could exceed $1 billion. In the case of Rosted v. First USA Bank, no. C97-1482L, pending in U.S. District Court for the Western District of Washington, the plaintiffs allege First USA Bank defrauded them by offering them a credit card with a “fixed APR”, but raised their APR considerably higher shortly after it was to be “fixed.” Lead counsel for the class include: John Bright of Keller, Rohrback in Seattle; Marc Stanley of Stanley, Mandel & Iola in Dallas; Andrew Kierstead of Huron Zieve & Kierstead in Portland; Timothy Eble of Ness, Motley, Loadholt, Richard & Poole in Charleston; and Richard Freese of Langston Sweet & Freese in Birmingham.

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Latin American SET

ePagos.com, an e-business solutions enabler, was chosen by Globeset, the leading global supplier of secure ePayments infrastructure services and products, as an OEM of SET (Secure Electronic Transactions) in Latin America and the Caribbean, leveling the “playing field” for small and medium sized merchants.

As an OEM (Original Equipment Manufacturer) or reseller of SET, ePagos will enable businesses in Latin America to transact using the recognized emerging standard for secure payment card purchases over the Internet. Visa and MasterCard and their technology partners, including Globeset, developed the protocol.

SET utilizes cryptography to prevent interception of cardholder account numbers, expiration dates and payment information providing confidentiality of information, ensure payment integrity, and identity authentication. The standard calls for authentication of all parties to the transaction, including the cardholder, merchant, as well as the processing and issuing banks through the use of digital certificates. These digital certificates attest that an entity or individual is whom they claim to be and are issued by a certificate authority (CA). The CA is a trusted third party organization responsible for guaranteeing that individuals or entities who granted a digital certificate are in fact whom they claim to be.

“ePagos and Globeset are bringing the world of secure electronic commerce closer to small and medium sized businesses in the region allowing them to compete with the major players,” said Marco Zeledon, executive vice president of ePagos.com. “The alliance combines ePagos’ solutions to assist merchants with every facet of creating an e-commerce site, including but not limited to registering a domain name, Web hosting, design, calculating sales tax and shipping to accepting and clearing credit cards online with Globeset’s ePayments infrastructure.”

Additionally, Globeset has certified ePagos to serve as the OEM to financial institutions in the region providing issuing and acquiring banks a low maintenance purchasing application as well as allowing them to transact with merchants on the Internet.

“We consider this to be a key strategic relationship in expanding Globeset technology into the Latin American market. By incorporating the Globeset payment engine into its service, ePagos can make low cost, real time, and safe eCommerce a reality,” said Dale Howe, senior vice president, worldwide field operations, Globeset.

About ePagos.com

Headquartered in Miami, Florida, ePagos.com, is an affordable e-business solutions enabler to over 4,000 small to medium sized businesses in Latin America and the U.S. Hispanic market, including Web hosting, design, online credit card acceptance and clearing capabilities. ePagos’ cost effective and user-friendly solutions in Spanish, Portuguese and English allows small to medium sized businesses to be a part of the Internet revolution. For more information, please visit our Web site at [http://www.epagos.com][1].

About Globeset

Globeset is the leading global supplier of secure ePayments infrastructure services and products for buyers, sellers and financial-service providers. The Globeset ePayments infrastructure provides a globally consistent and secure connection — anytime, anywhere — among financial-service providers, electronic exchanges, buyers and sellers. This infrastructure simplifies process flows and reduces costs associated with ePayments. For more information, visit the company’s Web site at: [http://www.globeset.com][2].

[1]: http://www.epagos.com/
[2]: http://www.globeset.com/

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M2 Card Management

M2card, Inc., a technology-based provider of online, offline and wireless financial solutions for teens and young adults, announced its senior management team. A leading innovator in the teen and young adult financial services space, co-founder Junehee Cho serves as M2’s Chief Executive Officer, guiding the overall strategic direction of the Company, forming key partnerships and developing new business initiatives.

Junehee’s dedicated leadership led to a successful round of initial seed funding from strategic investors including Total System Services, Inc. (NYSE: TSS), a global transaction processing leader, and partners from Hicks, Muse, Tate & Furst Inc., a leading private equity firm with significant media, telecommunications and Internet holdings.

Formerly a member of the Derivatives Group within the Fixed Income Division of Goldman, Sachs & Co., where she advised industry leaders such as The Walt Disney Company and Eli Lilly & Co., Junehee brings to M2 over nine years of expertise in risk management and corporate finance, specializing in the retail and financial institutions sectors. She received her MBA from Harvard Business School and a BA in East Asian Studies and Economics from Barnard College, Columbia University.

Felix Huang, M2’s co-founder and Chief Financial Officer, brings nearly a decade of investment and merchant banking experience to the Company. Felix oversees all financial and administrative functions at M2, including finance, treasury, accounting and human resources. Most recently, Felix served as a Vice President in the Merchant Banking Group of Paribas, a leading international investment bank. While at Paribas, Felix focused on investing in growth companies, leveraged buildups, leveraged buyouts and recapitalizations. Felix’s debt and equity investment experience covers numerous industries, including technology, consumer products, food products, media, healthcare and business-to-business services. Prior to Paribas, Felix was responsible for rating private placements, public corporate debt and high yield issues in the financial institutions sector with Fitch Investors. Prior to Fitch, Felix worked in the Financial Institutions Group of Chase Manhattan Bank, focusing on mergers and acquisitions assignments. He holds a BS degree in Industrial Engineering from Columbia University.

Don Wood, M2’s Chief Technology Officer, is responsible for guiding the overall technological growth of the Company, including directing and managing all technology and development initiatives and integrating with strategic partners and third-party providers. Don brings more than 15 years of financial service technology expertise to the Company, with a keen ability to organize and manage large technology teams. Previously, Don served as Chief Technology Officer and member of the Board of Directors for IQ Financial, a leading international provider of software and services to financial institutions. In this role, he developed and implemented all technology directives and managed a team of more than 150 technology professionals in the United States, Europe and Asia.

Ronald Urquhart, M2’s Vice President of Card Operations, brings more than 35 years of successful domestic and international experience in credit card operations, marketing, customer service and management. He is responsible for developing and executing upon M2’s card-based relationships including Total System Services, Inc., VISA USA, Inc. and current and future bank partners. Prior to joining M2, Ron served as Senior Vice President at People’s Bank, where he established fully operational low cost credit card operations in both the United States and the United Kingdom. As a leading credit card professional, Ron has served on the VISA USA, Inc. Risk Advisors Committee, the MasterCard Marketing Committee and the Consumer Credit Counseling Board of Connecticut. He received his BS and MBA degrees from University of New Haven and is active in various community organizations.

About M2card, Inc.

M2card, Inc. (“M2”) is a technology-based provider of online, offline and wireless financial solutions for today’s teens and young adults. Founded in 1999 and based in New York City, the Company offers an array of innovative financial services, including the M2card(sm), a safe and convenient pre-funded money card that is welcomed at over 19 million online and offline merchants worldwide that accept VISA. M2 provides revolutionary technological advantages, including wireless and person-to-person transaction capabilities, flexible funding options from multiple sources (parents, friends and relatives), real-time account balances and exclusive membership privileges. Cardmembers gain financial empowerment and responsibility without the risk of incurring debt, while parents attain peace of mind from the financial security and involvement offered by M2. M2 will launch its initial product in the fall of 2000. For more information on M2, please visit [www.M2card.com][1], or email info@M2card.com.

[1]: http://www.m2card.com/

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Exiting Sub-Prime Card

Dallas-based UICI, a sub-prime specialist, confirmed Monday it has executed a definitive agreement to sell substantially all of the assets associated with its United CreditServ credit card business to an undisclosed financial services firm. The deal involves the credit card receivables portfolios and its Sioux Falls, SD servicing operations. Under terms of the deal, UICI will receive a cash purchase price at closing of approximately $134 million. The deal is expected to close by the end of September. In connection with the proposed sale, UICI or its subsidiaries will retain substantially all liabilities associated with its credit card business, including liability for payment of all certificates of deposit issued by United Credit National Bank, merchant holdback liabilities, liabilities associated with pending litigation and other contingencies. UICI’s United CreditServ launched the sub-prime ‘ACE VISA’ credit card program in 1999. Under the ‘ACE VISA’ program applicants are offered a $400 minimum credit line in exchange for charging a $300 personal finance educational program, a $19.00 processing fee and a $49.00 annual fee. According to CardTrak ([www.cardtrak.com][1]) the required $300 personal finance educational program consists of five booklets and two videotapes produced by a UICI under the name: American Credit Educators.

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

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Financial-Settlement-Matrix.com

Citigroup, Enron Broadband Services, i2 Technologies, S1 Corp., and Wells Fargo announced Monday they have formed a new company to streamline buying, selling and facilitating payments in B2B e-commerce. The new company, FinancialSettlementMatrix.com, Inc., will connect buyers and sellers in e-marketplaces with payment processing, credit and other services through multiple participating banks and financial services companies. The new firm intends to offer a complete and open payments system to B2B e-marketplaces that will allow buyers and sellers to access services provided by any of the participating banks or financial services companies. The system will enable financial institutions to provide financing and process transactions for companies via trusted participant qualification, identification and selling, whether they have an existing relationship with each other or not. Other planned capabilities include letter-of-credit management, escrow handling, EDI interfaces and electronic funds transfer support, and short-term trade finance.

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Stratcom Hires Miller

Carrie Miller, formerly Market Research Specialist at First USA Bank, has been tapped as Marketing Analyst for Stratcom, a market intelligence firm with the De Novo family of companies. Her responsibilities involve conducting database retrieval analyses, helping manage quantitative research projects, developing and implementing a business building strategy for Stratcom, a market intelligence firm with the De Novo family of companies.

Carrie Miller brings with her solid working experience with large organizations, such as First USA Bank, and Bank of New York. She was a member of a market intelligence task force responsible for tracking, documenting, and analyzing all new offers of competitor credit card companies. She has also developed corporate Intranet programs to distribute industry news to employees. In addition, she assisted in focus groups and conducted training sessions for newly hired personnel.

“I am looking forward to leveraging my prior marketing experience to help expand Stratcom’s research capabilities,” said Ms. Miller.

Carrie Miller received a Bachelor of Arts Degree in Communications, with a minor in Theater, from the University of Delaware in Newark, DE.

About De Novo Corporation:

De Novo Corporation is an integrated advertising and consulting holding company, consisting of Stratcom, a business and consumer intelligence company; Convergence Group, an international management consultancy; Owen/Holloway Group, a brand building and strategic advertising agency; and Creative Solutions International, an integrated direct response advertising agency.

De Novo Corporation offers a broad range of integrated marketing communications services to Fortune 1000 companies throughout the world. It currently has offices in Arizona, Delaware, Florida, Georgia, New York, and Ontario (Canada). Currently a private company, De Novo Corporation is intending to conduct an initial public offering in early 2002.

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Delaney to Leapfrog

Leapfrog Smart Products, Inc. announced Monday it has appointed four new members, including Thomas Delaney, Michael Williams, Kevin Guy and James Dustin, to its Sales and Marketing department. Mr. Delaney joins Leapfrog following a key business development role in the ground breaking launch of the highly successful “Blue from American Express” card, a smart credit card providing a secure channel to make purchases over the Internet. Prior to his work with American Express, Mr. Delaney enjoyed a career with the Metropolitan Transportation Authority in New York, managing various technology and business facets of the highly successful Automated Fare Collection (MetroCard) system. Mr. Delaney also has experience in the financial arena, having worked in retail and institutional investing for the Bankers Trust Company.

Michael Williams joins Leapfrog after holding a position at CyberMark, the nation’s largest Smart card system integrator serving colleges, universities and corporate campuses throughout North and South America and providing complete solutions including e-purse, loyalty and data storage and management. Mr. Williams designed and implemented the Quality Assurance and Testing unit, provided technical and operations consulting for CyberMark’s SmartWorld platform to existing clients and managed the extensive network of Vendors, which included GemPlus, Verifone, Debitek (IVI Checkmate), PTI, Tritheim and ITC. Prior to working with CyberMark, Mr. Williams served as Director of Operations for a start-up telecommunications consulting company, TelRite, Inc. Kevin Guy joins Leapfrog after working several years for Opus Biometric Technologies, a leading Canadian biometric technology company. While with Opus, Kevin was responsible for the business development of biometric technology to O.E.Ms, Distributor and Dealers of security-related devices and applications. Prior to this position, Kevin was the Director of Sales & Marketing for a large security firm based in Vancouver and primarily focused on the sale of access and revenue control products for commercial and parking applications. Jim Dustin joins Leapfrog from a recent post as Strategy Director with Creative Change, Inc. of Hartford CT, an Internet consultant on distance learning, healthcare Web sites and corporate business simulation games for clients ranging from PriceWaterhouse Coopers, GM and the school of Engineering at Cornell University. Prior to that post, Jim designed the marketing and corporate identification efforts for Yale University startup and Mirror Worlds Technologies, founded by noted computer scientists, Dr. David Gelernter and Dr. Eric Freeman. Mr. Dustin also managed design and marketing initiatives in e-Commerce strategy and Mondex Smart cards with AT&T Universal Card. Dale Grogan, President of Leapfrog Smart Products, commented, “These four world class additions provide Leapfrog with a deep well of combined knowledge and expertise, in both sales and marketing. We are excited to add the talents of Mr. Delaney, Mr. Williams, Mr. Guy and Mr. Dustin to our team and are confident their presence will create an added edge for Leapfrog, as we tap into both established and emerging markets to provide Smart card development.”

About Leapfrog Smart Products, Inc.

Leapfrog Smart Products, Inc. is a world-class leader in Smart card software development and system solution integration. Located in Maitland, Florida, Leapfrog is one of a small group of companies dedicated to creating applications for Smart cards. Smart cards are credit card-sized pieces of plastic with a computer microprocessor embedded within. Current applications of Smart card software include personal identification, e-purse transactions, loyalty points storage, physical and logical access, as well as portable storage of medical records. Leapfrog, through its General Services Administration (GSA) master contract, is also certified as a contractor with the United States Federal government. Leapfrog Smart Products, Inc. is a publicly traded company, trading under the symbol FROG.

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