First American Tops $575 Million

First American Payment Systems, Inc., one of the fastest growing non-bank merchant credit card processing acquirers, Monday announced that the total number of transactions processed increased 53% to 8.1 million in 1999 from 5.3 million in 1998.

The sum of the transactions processed in 1999 equaled $575.8 million, an increase of 33% over the 1998 volume of $433 million.

“First American’s record 1999 performance is attributable to the continued concentrated focus of all our associates on delivering dependable, predictable transaction processing services to small- and medium-sized merchants,” said Neil L. Randel, president and chief executive officer. “First American Payment Systems is uniquely poised within the industry to continue to experience unprecedented growth.”

About First American

First American Payment Systems, Inc., a privately owned corporation founded in 1990, provides full-service electronic credit card authorization and payment systems to retail, mail order, telephone order, Internet and home-based merchants throughout the United States. First American’s other divisions include national ATM deployment, Secur-Chex(TM) check guarantee, FirstPay.Net e-commerce payment gateway and Merimac Capital point of sale equipment and ATM leasing. For more information on First American Payment Systems, visit the company’s Web site at [www.first-american.net][1].

[1]: http://www.first-american.net/

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plaNet Signs Three Contracts

First of Omaha Merchant Processing and plaNet Consulting, Inc. Announce Strategic Partnership

plaNet Consulting, a leading provider of e-business solutions, and First of Omaha Merchant Processing a premier processor in the direct marketing industry, announced an agreement to provide integrated e-business solutions. This strategic parnership will allow First of Omaha to leverage its existing infrastructure in delivering settlement data and monthly statement data to its agent banks and merchants via the Internet.

“plaNet Consulting products provide us with the level of security needed for the latest card processing technologies in Internet commerce solutions,” explained Nick Baxter, president of First of Omaha. “The management team and product architects from plaNet Consulting deliver the expertise for us to continue our customer service in a diversified product line.”

“The e-business market is rapidly changing, especially as it relates to the Internet,” said Alan Michels, plaNet Consulting CEO. “Our partnership with First of Omaha extends the quality of service its clients expect for processing in the direct marketing and bankcard industries” plaNet Consulting’s products allow direct access to transaction information from anywhere in the world at any time of day in a secure web-based environment.

About First of Omaha Merchant Processing

First of Omaha Merchant Processing is a wholly owned subsidiary of First National Bank of Omaha. Founded in 1863, First National Bank of Omaha is the 32nd oldest nationally chartered bank in existence. First of Omaha is a premier processor in the direct marketing industry and processes bankcard transactions for large and small retailers, restaurants, lodging merchants, petroleum marketers, associations/franchise groups, and banks as well.

Cardservice International Parners with plaNet Consulting To Provide Merchants with Easy-to-Use E-Commerce Software

Electronic commerce solutions provider plaNet Consulting, Inc. announced today that it is partnering with CardService International, Inc., a premier provider of secured payment processing on the Internet, to provide merchants with a means of accessing information about their accounts at any time and from any place.

Cardservice International is licensing plaNet Consulting’s icFoundation and icAcquirer software products. The two applications are part of plaNet Consulting’s Intelligent Commerce suite of Web-based products. icFoundation is an easily customized application to provide rapid deployment of e-commerce, including intranet, extranet and Internet applications. icAcquirer is geared to the merchant acquiring industry and provides users with a comprehensive view of the transactions, chargebacks, retrievals, batch totals and preformatted statements. Additionally, this information can be accessed from anywhere and any time.

“Providing our customers a self-service channel to obtain the information they need to manage their business was very important to us,” said Timothy Miller, Cardservice International’s senior vice president of operations. “We chose plaNet Consulting because of its knowledge of the industry and because the Intelligent Commerce products are built on a strong architecture that we can further leverage for other business applications.”

“Cardservice International is viewed as a technology leader in the payment industry and we are excited that it has chosen to partner with plaNet Consulting and purchase our icAcquirer and icFoundation products,” commented Alan Michels, plaNet Consulting’s president and chief executive officer. “We look forward to working with this industry leader to better serve its customers and further enable its growth.”

About Cardservice International, Inc.

Cardservice International, Inc., is a global leader in providing real-time secure credit card transactions to merchants. Cardservice offers merchants a cost-effective service tailored to their businesses, enabling them to provide credit card processing over the Internet as well as to the traditional marketplace. The company’s LinkPoint Secure Payment Gateway utilizes state-of-the-art Secure Sockets Layer technology and is easily scalable to any size business. The gateway is designed to communicate in real time with a business core data-processing system to allow online transactions to be posted immediately. The gateway also delivers a full range of capabilities, including sales, returns, authorizations, online check processing and comprehensive real-time reports for easy Web management.

First National Bank of Omaha and plaNet Consulting, Inc. Announce Strategic Partnership

plaNet Consulting, a leading supplier of enterprise e-business solutions, and First National Bank of Omaha (FNBO) announced today an agreement to provide integrated e-business solutions. This strategic partnership will allow FNBO to fully integrate plaNet Consulting’s icFountation web infrastructure product along with its icAcquirer merchant acquiring application for instantaneous access to financial transactions from anywhere in the world plaNet Consulting will utilize FNBO’s new Technology Center in Omaha, Neb. to deliver Total Solution Provider (TSP) solutions to its customer base.

“plaNet Consulting solutions provide the framework and architecture for processing the immense volumes of complex interactions that financial e-commerce applications must routinely handle,” explained Russ Oatman, FNBO’s senior vice president. “The experience and philosophy of plaNet Consulting’s management align with FNBO’s focus on high-volume, mission-critical data systems, and we’re impressed with its list of satisfied clients.”

“The continued rapid growth of the ASP and TSP markets demonstrates that this industry is one of the hottest in the technology sector,” said Alan Michels plaNet Consulting CEO. “The industry has come to expect innovative financial services solutions from plaNet Consulting. Our parnership with FNBO provides an operational capability in item processing that is exceptional in the industry and very strategic in our vision of the marketplace.” ASPs combine traditional outsourcing principles with the Internet to offer a compelling alternative to buying shring-wrapped software and implementing it in-house.

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Low Rate Competition

While some major card issuers continue to push 0% intro rates and 9.9% go-to rates, Providian has ratcheted rates down to a new low. In pre-approved solicitations hitting mailboxes this month, Providian is offering a no-annual-fee, 5.99% fixed APR ‘VISA Platinum’. According to CardWatch ([www.cardwatch.com][1]), Providian also offers a fixed 7.99%, no-annual-fee ‘VISA Platinum’ through its Aria Web site. The new 5.99% APR rate only applies to new purchases. Interest rates for balance transfers range from a variable 12.99% to 21.99% depending on credit worthiness. The cash advance APR is 21.99%. CardTrak ([www.cardtrak.com][2]) says the 5.99% Providian card has two caveats for consumers. There is a 3% fee if a balance transferred to the card is subsequently transferred to another lender within the first twelve months. Providian also discloses it may raise the card’s APR to 23.3%, “if a cardholder increases total unsecured debt by more than $5,000 without sufficient income”. Cardholders who make one late payment in the first six months will have their APR raised to 12.99%. Cardholders who make two late payments over a 12-month period are also subject to the 23.3% punitive APR. Providian offers a maximum $50,000 credit limit on the ‘VISA Platinum’.

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

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Home Print Movie Tix

AOL Moviefone Inc., the nation’s largest movie listing guide and ticketing service, Monday announced plans to launch a new program that enables consumers who purchase tickets over Moviefone.com to print their own bar-coded movie tickets at home and avoid lines at the theater. A prototype of the new service is on display this week at AOL Moviefone’s booth at the annual ShoWest movie industry convention in Las Vegas, Nevada. The program is set to launch early this summer in partnership with United Artists Theatres and will roll out to other AOL Moviefone theater-chain partners over the course of the year.

Under this new program, moviegoers who purchase their tickets on Moviefone.com will have the option of printing out a bar-coded ticket on their home computer printer. These electronic tickets will eliminate the need for moviegoers to bring a credit card to the theater to retrieve their tickets from automated ticket machines in the theater lobby. Now, they can simply present their home-printed ticket, which will be scanned by theater personnel for quick admission. Consumers who do not have printers or prefer the former method will still be able to pick up tickets at automated machines in theater lobbies, just as in the past. The new home-printing option will also be made available to users of Moviefone’s popular 777-FILM telephone service simultaneously.

“We are committed to making moviegoing more convenient and fun for the millions of moviegoers who use our services online, on the phone, or through any of the new devices on which Moviefone is available.” said Andrew Jarecki, Chief Executive Officer of AOL Moviefone. “Letting moviegoers print tickets at home saves them time and gives them the confidence of arriving at the theater with tickets in hand.”

“This initiative is another example of how our partnership with AOL and Moviefone is helping United Artists to provide the best, most innovative services to moviegoers,” said Kurt Hall, CEO of United Artists Theatre Company. “We look forward to offering our patrons the convenience of being able to print United Artists movie tickets at home.”

In order to create and fulfill these bar-coded electronic tickets, AOL Moviefone will use its existing ticketing interface with the theaters to create seamless, real-time access to the theater’s ticket inventory and to communicate the consumer’s purchase back to the theater’s box office. AOL Moviefone will also be working with preferred partner Radiant Systems to create additional back-end technology that will be distributed to participating circuits.

About AOL Moviefone

AOL Moviefone, a wholly owned subsidiary of America Online, Inc. (NYSE: AOL), is the leading offline and online movie listing, information, and ticketing service. Through its AOL Moviefone telephone service (e.g. 777-FILM) and its online service Moviefone.com, the company provides millions of moviegoers each week with a complete, free directory of movies, showtimes, theater locations, the ability to purchase tickets, and other content of interest to moviegoers. AOL Moviefone is a part of the AOL Interactive Properties Group.

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Rapid Link Cited

Rapid Link Communications, a worldwide leading provider of international Internet-based communications services, recently was named as one of the “Top 25” in Georgia for 1999 venture capital-backed deals by PricewaterhouseCoopers LLP. Rapid Link tied for 19th place due to their last round of fund raising efforts in which they secured a $10 million equity investment from Vaxa Capital Partners, LP in the fourth quarter of 1999. The listing compiled by PriceWaterhouseCoopers will be featured in special section in the Atlanta Business Chronicle. Other companies tying with Rapid Link in terms of venture capital raised were e-Solutions Software, eTour Inc., Magnet Communications and Viewlocity Inc.

Rapid Link plans to use the equity investment from Vaxa to implement their year 2000 goals by expanding their global IP-based network, greatly increasing the growth of the retail customer base and revenue and attracting more strategic IP alliances with major telecommunications carriers and Internet telephony service providers (ITSPs) worldwide.

“We are grateful to be acknowledged as one of the “Top 25″ in Georgia for venture capital raised for 1999. The investment from Vaxa Capital Partners will help build upon Rapid Link’s current position as an industry leader in IP telephony as we further expand our network and services,” states T. Dewey Wise, chief executive officer of Rapid Link.

PricewaterhouseCoopers tracks data regarding equity investment deals on a quarterly basis in the MoneyTree survey and the Atlanta Business Chronicle, publisher of the “Top 25” Book of Lists.

About Rapid Link

Founded in 1993, Rapid Link( Communications provides affordable, high-quality Internet-based communications services and excellent, around-the-clock customer service to individuals and small businesses in the United States, Asia and Europe. Rapid Link offers international direct dial services, pre- and post-paid calling cards, toll-free, Internet access and carrier services to more than 65,000 customers and 500,000 prepaid card end users worldwide. As an Internet telephony service provider, Rapid Link routes voice, data and fax traffic over switched and IP networks, offers an Internet telephony exchange carrier program and serves as an official VoIP carrier for Korea Telecom, Telekom Malaysia and Capcom International. In 1999, Rapid Link was honored as a Top 500 firm by Telecom Business magazine, awarded the Market Engineering Customer Focus award by Frost & Sullivan and recognized as one of “10 to Watch” in 2000 by Intele-CardNews Magazine. Headquartered in Atlanta, Georgia, Rapid Link has operations in Atlanta; New York; Mannheim and Frankfurt, Germany; Okinawa, Japan; Kuala Lumpur, Malaysia; Prague, Czech Republic and Seoul, Korea. For more information, please call 800.732.5465 or visit the Web site located at [www.rapidlink.com][1].

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

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Bankruptcy Slows

Even though Congress continues to reconcile differences in the bankruptcy reform legislation recently passed by the House and Senate, the bankruptcy landscape is changing. According to CardData ([www.carddata.com][1]), the percentage of gross credit chargeoffs associated with bankruptcy has been steadily declining for the past eight months, from a high of 42.3% in June to 38.9% in February. The latest government figures also show the number of bankruptcy filings declined last year to 1.3 million compared to 1.44 million in 1998. Of the 1.3 million bankruptcy petitions filed last year, 1.28 million were consumer bankruptcies. In 1998, consumers filed 1.4 million personal bankruptcy petitions, according to the Administrative Office of the U.S. Courts. The compromised bankruptcy reform bill is expected to be hammered out within the next several months with a vote on the final version expected by year’s end. The White House supports the softer, Senate version of the legislation.

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

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Entrust & Authorize.Net

Entrust Technologies Inc., the global leader for solutions that bring trust to e-business, and Authorize.Net Corporation, ([http://www.authorize.net][1]), a part of the Go2Net Network, ([http://www.go2net.com][2]), and a leading payment authorization service for online businesses, have entered into an agreement to deliver secure and trusted payment solutions to business-to-business (B2B) and business-to-consumer (B2C) e-commerce merchants.

The convergence of Entrust’s trust technology and Authorize.Net’s real-time payment processing is a natural evolution in the effort to further secure e-commerce. The combination of the two technologies enables customers to obtain both payment gateway and trust services in one package. This will allow customers to deploy their e-commerce Web sites more quickly, reliably and securely. Additionally, this partnership enables Entrust Technologies to extend the benefits of its trust solutions to Authorize.Net’s broad base of more than 65,200 online merchants.

Both Entrust Technologies and Authorize.Net are committed to developing innovative solutions that provide both financial institutions and consumers with the ability to conduct trusted and secure e-business in the B2B and B2C environments. This will help organizations build, maintain and increase loyal and trusted e-business relationships over the Web, wired and wireless networks.

As the first of many initiatives between the two companies, Authorize.Net will extend its range of products and services to include Entrust.net Web Server certificates, which provide increased security and trust for online transactions. The two e-business leaders will also develop a co-branded Web site, to be accessed from Authorize.Net’s Web site, for the resale of Entrust.net Web Server certificates through Authorize.Net’s partner and reseller channels. Since the partnership provides coverage of a transaction all the way from the user’s browser to the back-end payment authentication, Authorize.Net and Entrust are uniquely positioned to deliver future products and services to enhance the reliability and trust of Internet transactions.

“Entrust has established itself as a leader in providing secure global e-business trust solutions, and we are excited about this partnership as we continue to provide comprehensive payment solutions to our customers,” said David O. Heaps, Authorize.Net president and CEO.

“Both Authorize.Net and Entrust recognize that trust and the ability to secure online transactions, communications and relationships are crucial ingredients in building a successful e-business,” said John Ryan, Entrust Technologies president and CEO. “In delivering these important tools to growing e-businesses, this partnership reinforces Entrust Technologies’ position as the leading provider of trust solutions.”

About Entrust Technologies

Entrust Technologies Inc. is the global leader in providing products and services that allow e-businesses to manage trusted, secure electronic transactions and communications over today’s advanced networks, including the Internet, extranets and intranets. Since 1994, Entrust Technologies has been providing award-winning solutions to global enterprises, government entities, small to mid-sized businesses and individuals. Entrust Technologies Inc. is headquartered in Plano, Texas with offices in Canada, the United States, the United Kingdom, Switzerland, Germany and Japan. For additional company information please visit [http://www.entrust.com][3].

About Authorize.Net Corporation

Founded in 1996 and acquired by Go2Net, Inc. in July 1999, Authorize.Net Corporation is the preferred payment-processing service for e-commerce, providing secure, reliable and easy-to-use payment solutions that make the Internet a new revenue opportunity for businesses of all sizes. These tools also provide a smarter, faster, more economical method of transaction processing for retail-based storefronts and the services industry. Authorize.Net is the market leader and has grown to include more than 65,200 clients, using a network of more than 1,000 ISOs and acquiring banks to resell its products and services. For more information on Authorize.Net, visit [http://www.authorize.net][4].

About Go2Net, Inc.

Go2Net ([http://www.go2net.com][5]) is one of the Internet’s leading networks, providing consumer services, business services, and enabling services. The company offers through the World Wide Web a network of branded properties and aggregated content in the categories of search and directory, personal finance, multi-player games, small business services and e-commerce solutions. The company also develops Internet technologies for its own network and for license to strategic partners. The Go2Net Network is home to many of the Internet’s leading vertical destinations, including: MetaCrawler, Silicon Investor, the HyperMart Network, PlaySite, Dogpile and 100hot.

[1]: http://www.authorize.net/
[2]: http://www.go2net.com/
[3]: http://www.entrust.com/
[4]: http://www.authorize.net/
[5]: http://www.go2net.com/

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Switch Campaign

With the ‘Canada Trust MasterCard’ portfolio currently up for sale, as a result of the takeover of Canada Trust by TD Bank, Bank of Montreal is launching an advertising campaign to convince ‘Canada Trust MasterCard’ holders to switch to the ‘Bank of Montreal MasterCard’. There is wide spread speculation that a US-based bank will acquire the Canada Trust portfolio. BOM’s campaign carries the theme: “Is Your Card About to Split?”, with the message that the ‘Canada Trust MasterCard’ will soon be a thing of the past, but having a Canadian MasterCard doesn’t have to be. Bank of Montreal’s multi-tiered campaign consists of a combination of mail drops, targeted direct mail, Internet and newspaper ads showing a ‘Canada Trust MasterCard’ being cut in two.

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ProCard Acquisition

GA-based Synovus Financial Corp. Monday announced an agreement to acquire ProCard. CO-based ProCard specializes in customized, Internet, Intranet and client/Server software solutions for commercial card management programs. Synovus says the acquisition will enable its TSYS subsidiary to expand services for its 1.5 million corporate clients who want to build their commercial card portfolios. The integration of ProCard’s software solutions with TSYS’ processing systems is expected to enhance TSYS’ transition to a totally electronic reporting environment for its commercial clients. TSYS will deliver detailed ‘Level III’ transaction data through ProCard’s systems, which will provide corporations with intelligent data over the Internet. TSYS currently processes approximately 86% of the domestic VISA and MasterCard commercial cards and 100% of all bankcards issued to federal government agencies participating in the General Services Administration’s ‘Smart Pay’ program. When Synovus completes this acquisition, ProCard will continue to operate in Golden, CO, as a wholly owned subsidiary of Synovus.

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Alexandar Joins TSA

Transaction Systems Architects, Inc. announced that Roger K. Alexander has joined its Board of Directors, effective as of its recent annual shareholders meeting. Mr. Alexander is a partner with the management consulting firm of Edgar, Dunn & Company, working out of their London office. Prior to joining Edgar, Dunn & Company, Mr. Alexander was a Senior Manager with Barclays Bank, most recently acting as Managing Director of Barclays Emerging Markets Group.

“We’re fortunate to have Roger join us on our Board,” said David C. Russell, President and CEO of Transaction Systems. “His expertise in international banking, e-payments and in emerging payments technology will be invaluable to our efforts going forward. In light of our recently announced strategy to consider ways to more rapidly grow several of our new Internet-centric businesses, Roger is a very timely addition to the team.”

In addition, the company announced that it has extended the duration of its previously announced stock buyback authorization. TSA announced on May 25, 1999 that the Company was authorized to repurchase up to 2 million of its outstanding common shares through February 28, 2000 and that it expected to use any shares purchased for employee stock plans or other corporate purposes. The Company has now extended the time period during which it is authorized to repurchase shares to February 28, 2001. Shares may be purchased from time to time in open market, negotiated, or block transactions.

Since announcing the buyback authorization on May 25, 1999, TSA has repurchased 1 million of its outstanding common shares.

Transaction Systems Architects’ software facilitates electronic commerce and e-payments by providing consumers and companies access to their money. Its products are used to process a wide range of e-payment transactions involving credit cards, debit cards, smart cards, Internet banking services, checks and high-value money transfers, as well as e-payment clearing, settlement and management. Transaction Systems’ solutions are used on more than 3,550 product systems in 79 countries on six continents.

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Kluge Joins Prologic

Prologic announced that it has appointed Mr. Holger Kluge to its Board of Directors. Mr. Kluge is one of the most successful and influential senior executives in the global financial services industry. He currently serves on the boards of several high profile corporations in Canada and Asia Pacific, and is the ninth director on Prologic’s board.

Mr. Kluge is recognized as instrumental in CIBC’s success as an innovative leader in the global retail banking and financial services industry. In Mr. Kluge’s distinguished forty-year career with the Canadian Imperial Bank of Commerce (before retiring in 1999), he is most widely recognized as the President of Personal and Commercial Banking – a position he held for nine years. Under Mr. Kluge’s direction, CIBC’s retail business grew to exceed one billion dollars in profit, making it one of Canada’s Top Ten Corporate performers. Previous to his role as President, he held the position of Executive Vice President, International Operations and enhanced the profitability of CIBC operations in Europe, Asia, Australia, Middle East, West Indies and Latin America.

In addition to being on Prologic’s Board of Directors, Mr. Kluge holds board memberships with corporations in a variety of industries. Tom.com Ltd. (Hong Kong), Hutchison Telecommunications (Australia) Ltd., TAL Global Asset Management Ltd. (Canada), Hong Kong Electric, VLINX.com, Husky Oil Ltd. (Canada) and Covenant House, Toronto are among the corporations on whose board Mr. Kluge is currently appointed.

Fluent in the English, German and French languages, Mr. Kluge has worked and studied around the world. He graduated with an MBA, with Honours, from Sophia University in Tokyo, Japan, and received a Bachelor of Commerce degree with Honours from Concordia University in Montreal, Canada.

“Prologic has developed a highly specialized software solution for the niche of the financial services marketplace that represents the most strategically important and highly profitable area of the business,” said Mr. Kluge. “Prologic’s focus on wealth management is both timely and astute.” Mr. Kluge continued, “I believe Prologic’s i-Wealthview, which offers an Internet-enabled banking, brokerage and insurance solution for increasing customer profitability, and utilizes new technologies such as wireless, will revolutionize the financial services technology infrastructure of large, progressive institutions.”

Mike Cardiff, President and CEO of Prologic Corporation stated, “Holger has played a vital role in shaping our industry and defining how a successful financial services organization does business. His wealth of experience and leadership expertise will help us grow our organization and enable us to keep up with the overwhelming demand for our extraordinary products.”

Prologic Corporation is the leading developer of software solutions for the global financial services industry. Prologic’s customers include 7 of the top 25 largest banks in the world, with over 20 Internet banks using Prologic solutions. Prologic technology enables financial institutions to quickly deploy solutions for their converging financial services offerings, while also supporting capabilities for increasing profitability, customer acquisition and retention. Prologic has recently announced i-Wealthview(tm), its new enterprise wealth management solution that features e-banking, e-brokerage and e-insurance. Through strategic alliances with Microsoft, Compaq Computer Corporation, and other international partners, Prologic’s banking solutions are in use in over 300 financial institutions globally. Visit Prologic’s home page at [www.PrologicCorp.com][1], or call +1(604)278-6470.

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

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Check Cashing Machine Deployment

Greenland Corporation announced the installation of the first Greenland automated check-cashing machine into the Piggly Wiggly chain of grocery stores in North Carolina. Piggly Wiggly stores provide supermarket services to customers in locations primarily in the Southeastern United States.

Don Johnson, the Company’s sales representative in North Carolina, stated that Greenland machines have been installed in North Carolina and South Carolina and that he is thrilled not only with the performance of the machines but also with the enthusiastic customer response to the services.

Fiber Optic Frame Relay Upgrade

All of the field installed Greenland automated check-cashing machines have been upgraded to Sprint Fiber Optic Frame Relay technology, complete with state of the art Cisco Communication hardware. The reliability of the frame circuits has far surpassed expectations and are operating with 100% up-time.

First Beta Site Installation of Payday Advance Technology

Greenland has installed an automated check-cashing machine in Santee, California which will be the first beta site for Greenland’s newest payday advance technology. The beta site, owned by Credit Solutions Corporation, will be operated on a joint venture basis with Greenland Corporation. The initial installation will include Greenland’s standard financial functions and payday advance services will be added by April 1, 2000.

“Greenland is extremely pleased with the completion of its newest technology,” said Dr. Louis Montulli, CEO of Greenland Corporation. “The technology was one year in the making and will enhance Greenland’s revolutionary automated check-cashing ATM kiosk. Greenland will continue to develop new applications such as bill paying and wire transfer services through its technology development program to maintain its state-of-the-art status.”

Greenland Corporation is a manufacturing corporation with existing product and product under development. The Company is currently introducing an automated payroll check- cashing machine with full ATM functionality, and money order dispensing services. The company’s common stock trades on the OTC Bulletin Board under the symbol “GLCP”. Visit Greenland Corporation on the internet at http://www.greenlandcorp.com.

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