WildCard Systems

The ClaimCard, Inc. the technology leader in host-based stored value electronic payment systems announces a major expansion in focus that leverages the company’s core platforms. This expansion includes a change in the company’s name to WildCard Systems, Inc. ([www.wildcardsystems.com][1]) and an infusion of more than $18 million in new capital.

The company pioneered the use of magnetic stripe host-based stored value cards for the payment of insurance claims. Its Web-based software application, Xclaim!(TM), is a best-of-breed product for the valuation and payment of homeowner content claims. During the past year, WildCard Systems has been aggressively expanding beyond the insurance vertical market. The company formed an alliance with Visa under which the company was named a preferred provider of stored value services and the processor for Visa TravelMoney(TM) for Visa, USA. WildCard Systems has also formed relationships with leading financial institutions to offer new payment systems products such as virtual gift certificates, mall cards, payroll cards, travel cards, and tax refund cards.

“Our new name, WildCard Systems, articulates the broad positioning of the company as a leading provider of innovative payment systems and Web-based solutions,” said Larence Park, President and CEO of WildCard Systems, Inc. “We have forged key alliances in each of our major vertical markets and have introduced a raft of new products.” For example, WildCard Systems developed an Internet based point-of-sale system for the American Automobile Association (AAA). It is a custom designed, turn-key solution for the issuance and management of the new prepaid travel card products introduced last year. ClaimCard ([www.claimcard.com][2]) becomes a division of WildCard Systems and will continue to focus on the insurance industry.

The new capital, which totals $18,375,000, marked the company’s third round of financing. Sutter Hill Ventures, the venture capital company that provided the company’s second round, led the financing group with major participation from Greenwich Street Capital Partners II, L.P. The financing group also included E.W. Blanch Co., one of WildCard’s strategic partners, and major investors from earlier rounds.

“These additional funds will allow WildCard Systems to ramp-up our product development capability and data processing infrastructure to serve customers in a broad range of commercial and consumer markets,” Park said. “We will also make strategic acquisitions to extend our core capabilities as opportunities present themselves.”

WildCard Systems is the technology leader for electronic stored-value cards and related Web-based software. The company’s software delivers scalable solutions that enable its customers to leverage “host-based” smart card applications in a wide variety of vertical markets. WildCard’s proprietary software delivers a full range of stored value services from authorization and settlement to administration and marketing. The company has offices in Florida and Silicon Valley.

[1]: http://www.wildcardsystems.com/
[2]: http://www.claimcard.com/

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NextCard Conference

NextCard, Inc., the leading issuer of credit cards on the Internet, will be holding a conference call this afternoon at 5:00 PM Eastern Time. The conference call will respond to inaccuracies in a subscription-based report about the company and discuss the recent unusual increase in trading volume and short-selling activity.

Interested parties may access the conference call over the Internet through the investor relations section of the company’s website at [www.nextcard.com][1]. To listen to the live call, please go to the website at least 15 minutes early to register, download and install any necessary audio software.

About NextCard, Inc.

NextCard, Inc. ([http://www.nextcard.com][2]) is considered the leading issuer of consumer credit on the Internet. Launched in 1997, the company was the first to offer online credit card approval within 30 seconds, a choice of customized credit card offers, personalized PictureCard(SM) and exceptional online customer service. NextCard is committed to providing the most robust consumer shopping experience on the Internet and has continued to innovate with its complete GoShopping!(SM) Web site, NextCard Concierge(SM), and comprehensive rewards program.

NextCard is consistently a top ten online advertiser, operates a network of over 35,000 affiliates and has exclusive card relationships with leading brands including Amazon.com, priceline.com and DILBERT. The Company publishes the NextCard eCommerce Index(SM), the premier source of online purchase activity, and was named the No.1 credit card brand PC users would consider for use, according to ZDNet’s BrandIQ research study. NextCard was named a Top 50 Financial Web site by Money magazine, a HOT 100 Company by Upside magazine and one of The Standard 100 most important and influential companies in the Internet economy by The Industry Standard.

[1]: http://www.nextcard.com/
[2]: http://www.nextcard.com/

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Banklink Easy-Pay

Fiserv’s Banklink has developed a new solution to meet the demands of financial institutions for a modular package of electronic payment services. ‘Banklink EasyPay’ enables corporate cash management customers to electronically initiate ACH transactions for bill payment, taxes, direct deposit and other payments and collections. They can also import information (such as NACHA files and data from accounting and payroll systems) and use templates to make EDI payments. With ‘EasyPay’, customers can also initiate wire transfers with a variety of reporting and inquiry features to help monitor wire activity. Confirmation on the disposition of each transfer is automatically sent to the customer’s personal computer with reports on the status of each wire that they have composed. Every transaction is saved and recorded for auditing purposes.

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IFS Explores Options

IFS International Holdings, Inc. announced that it has retained Commonwealth Associates, a New York-based Merchant and Investment Banking firm, to advise the Company on various strategic and corporate finance matters. In consideration for its services, Commonwealth Associates received 850,000 warrants to purchase Common Stock at various prices.

John Singleton, Chairman, IFS International Holdings, commented, “Our strategic plan is on course for all subsidiaries, resulting in the development of complementary products to our existing products, and also some of the most advanced e-commerce products in our industry. The addition of these products to IFS’ family of software products could have a significant impact on the Company’s financial performance in the future. The excellent expertise of Commonwealth Associates will enable us to sharpen our focus and accelerate our growth and leadership in the EFT and E-Commerce industries.”

IFS International, Inc. and Network Controls International, Inc. are subsidiaries of IFS International Holdings, Inc. which has headquarters in the U.S.A. and subsidiary offices in the U.S.A., U.K., Singapore, Australia, and Germany.

IFS International, Inc. develops, markets and supports software products for the EFT market. IFS International’s TPII and TP-CMS products provide support for ATMs, Point of Sale devices, network switches, smart cards and card management. NCI, Inc. develops innovative retail delivery applications like NCI Business Centre(TM), which combines network centric and browser based technologies in “One Application” to automate all delivery channels such as branch teller, platform service, call center, internet banking and customer relationship management.

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E-Cash

eCash is ready for prime time. WA-based eCash Technologies says its multi-year pilot with Deutsche Bank 24 has proven the ‘eCash’ technology is ready for widespread adoption. The ‘eCash’ pilot program involved more than 300 online merchants and eight banks worldwide. The test recorded millions of dollars in transactions across 30,000 accounts. ‘eCash’ says the pilot program received a 100% success rate and no security breaches. ‘eCash’ is the virtual equivalent of cash, which can be used for many kinds of electronic payments, including micro-payments, person-to-person payments, business-to-business payments and purchases at online merchants that accept ‘eCash’. The company expects to make announcements about strategic partnerships over the next few months. eCash Technologies is also addressing international currency and multi-bank exchange issues through a multi-currency eCash software product scheduled for international release later this year.

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1ClickCharge Names Mrkt Head

1ClickCharge, the single-click Internet payment service, announced Tuesday the appointment of Russell W. Schare to Senior Vice President of Marketing & Business Development. Schare joins 1ClickCharge from Ticketmaster where he served as Director of Business Development.

1ClickCharge is the provider of the first 100% outsourced payment service for online content, offering merchants a whole new way to sell content and featuring low hurdles to implementation. With 1ClickCharge, credit cards act like cash on the web, enabling consumers to conveniently and securely purchase content on a pay-per-use basis in small dollar amounts.

In his new position, Schare will be responsible for growing and leading the marketing organization, defining 1ClickCharge’s products and partners, and setting market development strategy. Schare will head both corporate and product marketing, as well as coordinate the efforts of the Business Development and Partner Development teams.

“Russell has played an integral part in creating some of the most recognized corporate names today. We plan to leverage his experience in strategy, promotion and business development to build the 1ClickCharge brand,” said Heidi R. Goff, President and CEO of 1ClickCharge.

Schare brings 20 years of marketing experience to 1ClickCharge. His background includes positioning and branding products for major corporations including Procter & Gamble, Anheuser Busch, and HBO. Over the past seven years he has lead business development efforts at Time Warner, Ticketmaster and AirMedia.

About 1ClickCharge(tm)

1ClickCharge’s Web Payment service makes credit cards perform like cash on the Internet by giving consumers the ability to easily purchase web content on a pay-per-use basis in small dollar amounts. Because 1ClickCharge is 100% outsourced, merchants are able to enhance profitability without the technical hassles typically associated with setting up their own Internet payment service. 1ClickCharge’s mission is to lead the industry in single-click Internet payments under $20, a market space it calls Convenience e-Commerce(tm). The company is led by Heidi R. Goff, President and CEO, a 20-year senior management veteran of MasterCard, GlobalPay, ADP and IBM. 1ClickCharge is a service of 1ClickBrands, LLC, a majority-owned operating company of CMGI, Inc.. Visit the company’s Web site at [www.1clickcharge.com][1].

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

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Sure-Pay

Lucent Technologies introduced ‘SurePay Solutions’ yesterday to assist wireless and wireline service providers to enter the prepaid and calling card markets. The ‘SurePay’ suite is a global solution, supporting ANSI-41, GSM and wireline networks individually or in a converged environment. The Lucent ‘SurePay Solutions’ suite includes: ‘SurePay PrePaid Service’ which provides residential and business prepaid accounts for fixed and mobile subscribers; ‘SurePay Calling Card Service’ which offers prepaid and postpaid calling cards in fixed and mobile networks, including voice-over-data networks; and ‘SurePay Spending Management Service’ which provides real-time usage monitoring for fixed and mobile postpaid accounts. Industry analysts project the U.S. prepaid market earned carriers over $1.5 billion in service revenues by the end of 1999.

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Oasis Names EMEA Head

Oasis Technology Ltd., a leading provider of e-payment software for mobile commerce, the Internet and real world payments, Tuesday announced that it has appointed Wolfgang Heinrich to the position of president, EMEA Region, Oasis Technology UK Ltd.

As the head of Oasis’ European office, scheduled to open in London, England in the first quarter of 2000, Wolfgang will provide the strategic direction and leadership that will help to further reinforce the company’s position as a leading e-payment software provider throughout the Europe/Middle East/Africa region. In building a self-sufficient European hub specializing in pre-sales support, on-site consulting and customer care, Wolfgang will firmly position Oasis Europe as the center of excellence focusing on strong customer and partner relationships.

“In a market like Europe, where e-commerce and mobile commerce are growing rapidly, there is a tremendous opportunity to build strategic client and partner relationships that will reinforce Oasis as the de facto e-payment standard in the region,” said Wolfgang Heinrich, president, EMEA Region, Oasis Technology U.K. “I look forward to managing Oasis’ activities in the region, and building one-on-one relationships with leading e-payment and mobile Internet commerce leaders.”

As a twenty-year veteran of the banking and financial technology industries throughout both Europe and North America, Wolfgang is ideally suited to build Oasis’ European infrastructure. Most recently, as executive vice president of Global Customer Support & Regional Relations for Visa International, Wolfgang was principally responsible for key internal account management, including strategic communication with Visa regional offices and the organization of international Visa Member Advisor meetings. Leading a staff of 500, Wolfgang was also responsible for driving the Global Customer Service Division and a 24 x 7 multilingual customer call center.

“Wolfgang’s international experience in the financial technology and e- payment industries speaks for itself,” said Ashraf Dimitri, president and CEO of Oasis Technology Ltd. “The EMEA region is a diverse and complex environment in the e-payment world. For Oasis, that represents an enormous opportunity. Wolfgang’s understanding of the challenges that customers and partners face in bringing their e-payment processing solutions to market will make us an even stronger force in the region.”

First Ecom.com, Bank of Bermuda, Visa International and other global Internet customers currently use Oasis software to bridge the virtual world of Internet payments with real-world payments from traditional channels. Oasis’ end-to-end e-payment products provide a flexible, scalable software platform for processing e-payment transactions from Internet, mobile commerce and traditional electronic payment channels. Oasis has been a proven developer of next-generation e-payment software for more than 10 years, and has its software currently installed in more than 70 countries worldwide.

At CeBIT 2000, Oasis will demonstrate its e-payment software solution for Internet merchant payments in collaboration with The ACTiX Group, a global partner specializing in payment solutions and UNIX based consulting services. The companies will jointly exhibit at demopoint A80 in IBM’s partner booth, located in Hall 2, stand D28.

About Oasis Technology Ltd.

Oasis Technology Ltd. develops leading e-payment software products for Internet and traditional banks, e-tailers, retailers, card associations, and third-party processors in more than 70 countries worldwide. Today, payment systems powered by Oasis software process more than four billion transactions annually. Oasis e-payment software products are designed for end-to-end payment processing throughout the entire payment lifecycle, bridging the virtual and real worlds of electronic payments. The company’s international client base includes ABN Amro, American Express, The Bank of Montreal, Citibank, Credicard/Redecard Brazil, Diners, Europay, Golden Card (China), MasterCard and Visa International. With corporate headquarters located in Toronto, Canada, the company also operates offices in Kuala Lumpur, Malaysia, Miami, Florida and San Jose, California, and supports an extensive network of international distributors and sales representatives. Oasis is ISO 9001 registered. Visit Oasis online at [http://www.oasis-technology.com][1].

[1]: http://www.oasis-technology.com/

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Bill-Point

Online trading giant, eBay Inc., and Wells Fargo & Company announced early this morning an alliance to take ‘Billpoint’ to the next level. eBay acquired Billpoint, Inc., an online payment technology firm, last May. Since then, Billpoint has built its initial person-to-person payment platform, combining Internet payments with data security, customer service, and integration with eBay. The strategic alliance with Wells takes the existing ‘Billpoint’ platform forward, enabling it to immediately serve eBay’s 10 million customer base by utilizing the payments and customer care backbone of Wells Fargo. Under terms of today’s deal, Wells Fargo has agreed to purchase a 35% equity interest in Billpoint from eBay. Wells Fargo has also signed a long-term payment processing and customer care contract with Billpoint. eBay members add more than 500,000 items to the site daily in more than 4,200 categories.

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Concierge-Card

Unisys Corp. and Drexler Technology’s LaserCard Systems Corp. have joined up to offer ‘ConciergeCard’. Under the agreement, LaserCard Systems will provide secure optical memory cards, which will contain all of a traveler’s personal identification and travel preferences while tying into state-of-the-art biometric systems being installed at leading airports worldwide. Unisys is developing the necessary information technology infrastructure to enable these cards to connect with Unisys aircraft boarding and baggage identification systems, as well as the reservation systems and customer loyalty programs of airlines and other major travel suppliers. The integration of the technologies will allow the frequent traveler to bypass delays at check-in and immigration, while providing benefits, recognition and rewards tailored to their stated personal preferences.

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ubuydebitcards.com

Default Proof Credit Card System announced it has entered into an agreement with Boca Raton, Florida based First Southern Bank. FSB will be licensed to issue prepaid, stored value debit cards purchased by users of the Company’s dynamic new INTERNET Web-Site ubuydebitcards.com in the World Wide Web. FIRST SOUTHERN BANK will issue the prepaid debit cards’ PIN required MasterCard. Pursuant to the agreement, as soon as possible, DEFAULT PROOF and First Southern Bank will launch ubuydebitcards.com on the WORLD WIDE WEB.

Speaking about today’s announcement, Default Proof’s Chairman and CEO Vincent Cuervo explained: “The Company believes that there is a substantial worldwide market for a prepaid, stored value debit card product that does not require a formal banking relationship. In the United States alone in excess of 50 million people are `unbanked.’ However, because of its many new features, our ubuydebitcards.com will appeal to any individual seeking the benefit of a debit card with: NO monthly statements, NO credit investigations, NO denials, NO interest charges, and NO penalties. This new concept in prepaid stored value truly marks the dawn of a new era in the debit card industry.”

The Company estimates that, over the next twelve months, earnings may exceed $3.5 Million in fees from its ubuydebitcards.com Internet e-commerce operation. The Web site may be preview at: [http://www.ubuydebitcards.com][1]

Answering several inquiries, the Company is expecting from the U.S. Patent and Trademarks Office claims allowance on ATM debit cards Dispenser (patent pending) as well as in this ubuydebitcards.com (patent pending). Also Default Proof Credit Card System, Inc. would like to reaffirm that it is in full compliance with SEC reporting and that, as of this date, the total amount of shares issued and outstanding is 1,277,351.

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

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Uniscape & Planet Payment

Uniscape and Planet Payment announced a strategic co-marketing agreement which brings together two critical technologies to address the localization needs of e-marketers worldwide when faced with multiple languages and currencies.

“This agreement is a significant step in Planet Payment’s stated strategic plan to become the global leader in providing multi-currency credit card payment solutions to merchants and financial institutions,” said Philip Beck, CEO of Planet Payment. “We are very excited about our developing relationship with Uniscape because of their leadership in global Web site localization for the Internet economy. Planet Payment’s merchants, who have committed to implementing multi-currency payment processing, will all find Uniscape’s multilingual localization services of immense value; similarly, a large number of Uniscape’s customers will naturally require multi-currency capability to round out their localization efforts.”

Globalization, which encompasses technology internationalization, content localization and multiple currency exchange, is the key to success for the new global merchant. Both companies are focused on globalization: Uniscape on language and technology for multilingual Web sites and ebusiness solutions; Planet Payment on currency. Today 78% of all Web sites are still in English only, even though 92% of the world’s population speaks a language other than English. By 2003, more than 60% of all Internet users will reside outside of the U.S. and more than half of the 1 trillion dollars transacted in e-commerce will occur internationally. For this reason, 32% of all companies regard multilingual initiatives as central to their e-commerce strategies.

“Planet Payment and Uniscape offer complementary solutions that enable companies to create truly global ebusinesses,” said Alex Pressman, president of Uniscape. “Our partnership will combine Uniscape’s multilingual ecommerce and Web expertise with Planet Payment’s multiple currency processing capabilities to provide companies with a complete globalization solution.”

About Planet Payment

Planet Payment ([www.planetpayment.com][1]) provides ebusinesses anywhere — with the ability to accept credit cards online, in real-time, in almost any currency. To get up and running, ebusinesses need a credit card merchant account and secure payment gateway. To maximize the global opportunity presented by ecommerce, merchants will need to accept payments in multiple currencies. Planet Payment’s affordable solution enables Internet merchants to accept Visa(R), MasterCard(R), and American Express(R) credit cards and is compatible with most shopping cart technologies using its state-of-the-art payment gateway powered by Authorize.Net ([www.authorize.net][2]).

About Uniscape

Uniscape is the leader in multilingual solutions for ebusiness, providing globalization technologies that empower ebusiness across 42 different languages. More than 100 global companies have relied on Uniscape’s technologies to globalize their Web sites, ecommerce solutions, and enterprise content. Uniscape’s broad range of sophisticated globalization solutions include: an online localization management solution, an open marketplace of worldwide localization providers, and Web globalization technologies that drive down the cost and time to market in reaching global customers. Customers include: Hewlett Packard, Lycos, Commerce One, Vignette, GE Information Services, Phone.com, PeopleSoft, Oracle and Broadbase Software. For more information about Uniscape’s solution, call (888) 464-4186 or (650) 596-1430 or visit Uniscape on the Web at [www.uniscape.com][3].

[1]: http://www.planetpayment.com/
[2]: http://www.authorize.net/
[3]: http://www.uniscape.com/

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