Integrion Re-Shuffles

Integrion Financial Network announced Tuesday it is being re-capitalized and will re-structure its Board of Managers. The news comes as Integrion’s online banking subscriber base passed the one million mark last week. Under the re-capitalization, Integrion will be owned by 13 banks, IBM and VISA USA. Key Corp. and Royal Bank of Canada have elected to withdraw their ownership interests. Financial terms of the re-capitalization were not disclosed. Integrion will now be controlled by a Board of Managers representing a select number of financial institutions that are committed to using Integrion’s ‘Interactive Financial Services’ platform. Of the six financial institutions using ‘IFS’ today, Bank of America, Bank One and Washington Mutual will immediately take seats on the new Integrion Board of Managers. The other three banks using ‘IFS’ include ABN AMRO, Michigan National, and PNC Bank. Integrion owners not sitting on the Board of Managers but participating in company initiatives through a Strategic Advisory Council include: ABN AMRO, Comerica, Citibank, First Union, Fleet, IBM, Mellon Bank, Michigan National, PNC Bank, U.S. Bancorp, VISA USA., and Wells Fargo.


More CoinStar Machines

Coinstar Inc. and Albertson’s Inc. announced Tuesday the installation of 52 Coinstar self-service coin counting machines in Albertson’s Food and Drug Stores in Boise, Houston, and New Orleans under a new nationwide contract between the two companies.

Today’s announcement marks the first time Coinstar machines will be widely available at Albertson’s stores. To celebrate, Albertson’s and Coinstar are holding a special media event near Albertson’s corporate headquarters in Boise, Idaho this morning.

“We are thrilled to announce our new partnership with Coinstar,” said Gary Spiers, vice-president of Albertson’s Inc. “In a few short years, Coinstar has proven itself an innovative leader in the self-service coin counting industry. We think our customers will enjoy the convenience and time-savings of turning their change into cash or grocery purchases.”

Since the machines introduction in 1992, Coinstar has helped millions of Americans turn more than $1 billion in change into useful cash. In all, Coinstar has processed more than 109,000 tons of coins for more than 43 million customers.

“Coinstar couldn’t be happier about our new partnership with Albertson’s, one of the most respected companies in the supermarket industry,” said Jens Molbak, CEO of Coinstar Inc. “We are extremely excited about the growth opportunities presented by this partnership. Today’s announcement means we will be able to bring our service to new regions, as well as solidify our presence in existing markets.”

Founded in 1939, by J.A. Albertson, Albertson’s Inc. is one of the largest retail food and drug chains in the United States. Currently, the company owns and operates 985 stores in 25 states. However, a previously announced merger agreement with American Stores Company, parent company of Lucky, Acme, and Jewel, is expected to bring that number to 2,470 stores by years end. Combined, those stores will have estimated annual sales of $36 billion.

Coinstar Inc. develops, owns and operates a network of 5,200 self-service, coin counting machines. The machines, which provide consumers with a convenient means of converting loose change into cash, are located in leading supermarket chains in 38 states. Consumers can call 1-800-928-CASH, or visit for the location of the nearest Coinstar machine.

Photos can be downloaded from the Coinstar Website at:

This press release contains forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from the results identified or implied in any forward-looking statement discussed herein. Factors that could cause or contribute to such differences include, but are not limited to, the risks that are more fully described under the caption “Risk Factors” included in the most recent reports filed with the Securities and Exchange Commission by Coinstar Inc.



NCR Corp. unveiled its new ‘InteractionPlus’ channel integration and personalization software yesterday. ‘InteractionPlus’ enables businesses to capture customer transaction data from various touch points so that they can analyze this data. The touch points can include kiosks, call centers and the Internet. InteractionPlus feeds data gathered via the various customer touch points to a customer-centric Teradata data warehouse for analysis of customer behavior and predictive modeling of future buying habits.


SCF Symposium

The Smart Card Forum, a multi-industry organization working to accelerate the widespread acceptance of smart card technology, Tuesday announced an upcoming in-depth symposium that will focus on the critical issues surrounding privacy and security in the Internet era. The symposium, entitled “Enabling Privacy in a Virtual World,” is open to the public and will be held on May 20, 1999 at the Monarch Hotel in Washington, D.C. The symposium will feature presentations and debate from a range of Internet experts – including representatives from major corporations involved in Internet commerce, leading developers of security technologies and electronic commerce products, as well as key government officials considering legislative, regulatory and policy issues. Educators, journalists, and consumer spokespeople concerned with issues of individual privacy in an increasingly virtual world will also add their perspective to the mix.

“As companies and consumers converge on the Internet as the medium of choice for conducting business, the need to effectively and seamlessly address issues of security and privacy becomes increasingly urgent,” said Donna Farmer, president and CEO of the Smart Card Forum. “In presenting ‘Enabling Privacy in a Virtual World,’ the Smart Card Forum continues its tradition of introducing and illuminating the leading issues of the day, and, as such, we expect interest in the symposium to be strong.”

Some of the speakers that will participate in The Smart Card Forum’s symposium include Representative Vern Ehlers; Marc Rotenberg of Electronic Privacy Information Center (EPIC); Dan Geer, Senior Strategist of CertCo; Jeff Kutler, editor of American Banker; Thomas A. Kalil, senior director, National Economic Council; Steve Ellis, vice president of Business Development of Intel; Steve Crocker, founder of CyberCash; Stewart Baker, partner with Steptoe & Johnson; Jerry Ashworth, editor of Report on Smart Cards, Taher Elgamal of Kroll-O’Gara; and author Simson Garfinkel.

The fee for non-members who register by April 15 is $325. After this date, the fee is $395 for non-members. Attendees may register online at [][1] or by calling (202) 530-5306. Member registration information is available on the Web site.

Registration and continent breakfast will start at 7:30 a.m. on the day of the event and the program will begin at 8:00 a.m. and end with a reception for attendees from 5:30 p.m. to 7:30 p.m.



24 X 365 App Processing

EDS and AnyTime Access have signed a multiyear agreement to build and manage the ‘AnyTime Access Global Network’, enabling consumer data needed during the loan application process to be shared real-time between AnyTime Access and applicants’ financial institutions. ‘AnyTime Access Global Network’ is the combination of an EDS-built network infrastructure and the ‘AnyTime Access’ 24-hour by 365-day automated loan service. The combined service will cut the time to minutes for consumers to apply by the Internet or telephone, receive a decision, and then for the transaction data to be passed to their financial institution. This applies to consumers applying for automobile loans, home equity loans, unsecured lines of credit or credit cards.


InstaBuy Agile Wallet

CyberCash, Inc. is gearing up for a major marketing campaign for its new ‘InstaBuy Agile Wallet’ service. Yesterday CyberCash announced it has raised an additional $5 million in equity capital through a private placement. CyberCash says it will use $2.5 million of the equity funding to continue to underwrite the marketing, sales and customer support efforts behind the roll out of its ‘InstaBuy’ one-click shopping service. First USA, the first financial institution to participate in the ‘Agile Wallet’ program with its ‘VersaPay’ wallet, has recently announced several marquee merchants who have signed up for the ‘InstaBuy’ service. These merchants include, CDnow, ZD Net, 1-800 Flowers, CBS MarketWatch and Cyberian Outpost. As of this morning CyberCash says it has over 11,000 merchants using its ‘CashRegister 3’ service processing more than 3.1 million transactions per month. Last month CyberCash added more than 900 merchants to the service.


Turkey & Cayman Go ARKSYS

Oyak Bank of Istanbul, Turkey has licensed ARKSYS software to drive its ATMs as well as issue debit and credit cards, marking its entry into the retail banking market.

Oyak Bank selected ARKSYS on the basis of its proven solution on the IBM AS/400 platform and its relationship with their core accounting system provider, Midas Kapiti International. Primarily a commercial accounts bank with 8 branches and 25 ATMs, Oyak will widen its client base with its retail banking offerings of ATM and credit and debit card issuance. Oyak Bank will utilize ARKSYS Integrated Transaction Management (ITM) product, along with its ATM Management software to drive the bank’s ATMs and provide an online Electronic Funds Transfer (EFT) connection to BKM, a Turkish switching center for debit and credit cards. ATM Management will also allow Oyak Bank to extend its retail services to Oyak Group Company members and Oyak members, bringing 160,000 new customers to its client base.

Cayman Bank Also Licenses ARKSYS’ Suite of Products;

ARKSYS announced an agreement to provide Cayman National Bank of Grand Cayman, Cayman Islands, with an integrated software solution to drive the bank’s growing credit card operations. The core solution, ARKSYS’ Integrated Transaction Management (ITM) along with International Credit Card System (ICCS), will centralize the bank’s credit card, ATM, Electronic Funds Transfer (EFT), and Point-of-Sale (POS) merchant management activities.

Thomas Khal, Sr. Vice President of Cayman National said, “We wanted a single platform, multi-functional and user-friendly platform to progress our business needs and allow us to maximize our business opportunities. We selected ARKSYS on the basis of their commitment to install the system in record time, as well as the reputation of their ITM and ICCS products.” ARKSYS’ ITM software, operating on the IBM AS/400 platform, will provide the bank substantial benefits and improvements in the areas of system functionality, daily processing, system security and control.

With assets of $500 million and 10 ATMs, Cayman National Bank will utilize ARKSYS’ credit card offering, International Credit Card System (ICCS), to manage and grow its ATM, credit and debit card bases, and provide them with an online EFT connection to the Visa and Mastercard networks. ICCS will integrate with other ARKSYS products of Point-of-Sale (POS) and Merchant management to authorize and process POS transactions from merchants.

ARKSYS offers Integrated Transaction Management, a suite of payment and transaction processing systems that allow financial institutions to provide customers online, real time transactions twenty-four hours a day, seven days a week from a variety of delivery channels. ARKSYS’ ITM solution provides financial institutions with the ability to integrate and manage retail delivery operations including ATMs, POS terminals, credit cards/debit cards, merchant management, electronic funds networks, interactive voice response, Internet/Intranet personal banking, bill payment and commercial PC banking. The company’s solutions are established in more than 60 countries. ARKSYS is a wholly owned subsidiary of Euronet Services Inc. (Nasdaq: EEFT).

For more information, contact Tom Kleinsorge, Manager of Marketing, voice, 501-218-7188 (USA) /E-mail Visit ARKSYS’ home page at .


M&I Picks CMSI

Credit Management Solutions, Inc. announced Tuesday that M&I Data Services has selected CMSI’s CreditRevue 2000 software as an integral component of its new consumer lending solution: Credit Services.

CreditRevue 2000 is a comprehensive and flexible credit automation solution for service bureau providers. It offers consistent underwriting and credit control, improved portfolio performance, plus credit decisions in minutes.

As a leading provider of outsourcing services for financial institutions, M&I Data Services plans to combine CreditRevue 2000 with its proprietary products, including BankerInsight(TM), data warehouse and the M&I Integrated Loan System, to create a fully-integrated technology solution for its customers.

M&I Data Services formed the Credit Services business unit to provide this complete consumer loan processing solution to the credit industry. The company will offer business process outsourcing of staff functions in the areas of call center, loan origination and loan servicing support. Combining this technology with business process outsourcing provides clients of M&I Data Services with a complete consumer lending solution.

“A full business process solution allows our clients to focus on managing their customer relationships,” said Nancy Cody, vice president at M&I Data Services. “Our partnership with CMSI supports this endeavor by allowing us to deliver state-of-the-art credit application processing and decisioning to our clients.”

Clients of Credit Services may choose the fully integrated, turnkey solution, or they may request a customized solution that interacts with their existing environment. M&I Data Services will provide business expertise to evaluate existing processes and assist in a successful implementation of the solution.

“M&I Data Services is a well-known, respected leader in its field,” said Peter M. Leger, CMSI’s president and COO. “We are delighted that M&I Data Services chose software solutions from CMSI to help them expand their wide range of client services.”

M&I Data Services is a provider of leading-edge technology solutions to the financial services industry. Headquartered in Milwaukee, Wis., it offers consulting, software and processing solutions for financial institutions worldwide. The company’s rapid growth is being fueled by innovative product development, strategic product acquisitions, and strong growth of its customer relationships. M&I Data Services is a division of Marshall & Ilsley Corporation (Nasdaq: MRIS), a $21.6 billion holding company. For more information, visit the M&I Data Services Web site at .

About CMSI

Founded in 1987 and headquartered in Annapolis Junction, Md., Credit Management Solutions, Inc. (Nasdaq: CMSS) provides consumer credit automation and loan marketing software and services to major financial institutions and non-bank financial companies. Its flagship product, CreditRevue(R), is a credit origination and processing system that automates and speeds the processing and decisioning of all types of consumer and small business loan products. CreditRevue clients include NationsBank, Banc One, Wells Fargo, TranSouth, Wachovia, WFS Financial, and Nellie Mae, among others. Through its subsidiary, Credit Connection, Inc., CMSI operates the CreditConnection(R), a combined electronic network and service which electronically connects credit originators with multiple financing sources for the submission and decisioning of loans and leases.

Press releases and other CMSI information can be found on the company’s Web site: .

This press release contains forward-looking statements. All forward- looking statements involve risks and uncertainties, including, without limitation, the risks detailed in CMSI’s filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ materially.


International RoundUp

Korea’s Shinhan Bank rolled out the ‘Shinhan Free VISA’ card yesterday. The new Korean card program offers both credit and debit functions. Bangkok’s Rapid Transit Authority announced Tuesday the issuance of contactless smart cards for the Bang Na-Chon Buri expressway. Upon entering the expressway, Bangkok motorists will be given a smart card to return at exit toll booths. The toll for standard vehicles is one baht per kilometer. A credit card to pay for burial and memorial services was unveiled yesterday in the Philippines by the Manila Memorial Park. Only survivors may use the burial credit card.



The Board of the Global Chipcard Alliance Tuesday announced the appointment of David Anastasi as Chief Executive Officer of the GCA, effective April 1, 1999. Anastasi, one of the original founders and the president of the GCA, formally Vice President and General Manager of U S WEST Public Access Solutions & Smart Card Division, will now dedicate his full-time efforts to enhance the GCA’s vision and mission.

“We are excited to have David as our first, dedicated, full-time CEO. Over the past two years, he has played a major role in creating the GCA and making it a recognized world leader in the smart card industry,” said Craig Stephens, Chairman of the Board, GCA and vice president and general manager of public communications at GTE Telephone Operations. “His deep understanding of the smart card industry in addition to his diverse, cross-industry background make him the best candidate for leading the GCA into the 21st century.”

Anastasi — named by Card Technology Magazine January 1998 as one of the smart card industry’s six top rising stars to watch — has also been a leader in product development and technology at U S WEST for four years. He played a major role pioneering U S WEST’s developments in smart cards, prepaid long distance cards, public Internet kiosks and other transaction-based products and services. As a founder and president of the GCA, Anastasi developed strong smart card alliances within the telecommunications, financial, manufacturing, information technology (IT) and other industries, to ensure the continued success of smart cards and the development of regional and global interoperability and consumer privacy developments.

“In the Board’s search for a CEO, we wanted to ensure that the leader would maintain a strong global perspective regardless of his or her physical location,” added Board Member Jurgen Hammerschmitt, vice president non- volatile storage ICs at INFINEON Technologies Security & Chip Card ICs, formerly Siemens AG. “David’s international management experience and knowledge of the global smart card industry made him a natural choice to broaden the GCA’s impact on this global and diverse industry.”

“David Anastasi is highly skilled at educating members and the industry about the common business case for smart cards. He has a remarkable ability to spearhead collaboration on smart card efforts between organizations that would typically compete head on,” added Dr. Toni Merschen, GCA board member and Director of Chip Card and Access Technologies at Citigroup’s e-Citi unit. “As a representative of a global, financial institution, I greatly support David’s tenure as CEO.”

Under Anastasi’s leadership, the GCA made smart card history with the creation of the first Smart Card Global Summit, drawing leading non-profit smart card organizations together to examine ways to guarantee the continued success of the industry.

“It has been exciting to see the GCA grow into a leading international smart card association,” said Anastasi. “Now that I can concentrate on the GCA full-time, I plan to strengthen and build its infrastructure so that the organization can expand its presence both geographically and across various industries. I’m proud to be the first GCA CEO, and with the members and the GCA’s Board support, I look forward to continue developing strong member and cross industry relationships.”

About the GCA

The Global Chipcard Alliance (GCA) was established in 1996 and comprises 28 member companies worldwide. The GCA’s mission is to create an environment that accelerates the development of multi-functional smart card (chipcard) technology and related applications. GCA’s business alliances have a commitment to: worldwide, open interoperable networks; public advocacy; endorsing of standards and specifications; advancement of cross-industry multi-applications and solutions, electronic commerce, and communications- enabled applications and solutions. For more information on the Global Chipcard Alliance visit its Website at .



Web-hosting company Verio Inc., iMALL Inc. and First Data Merchant Services announced a partnership Tuesday to offer complete e-commerce services to businesses. The ‘VerioStore’ will feature integrated e-commerce applications, bundled with Web site hosting and domain registration services, and Web traffic generation via a shopping portal. ‘VerioStore’ will also include on-line product catalogs, a search engine, cash register, shopping cart, shipping and sales tax calculations, on-line merchant account establishment, and a fully-integrated payment gateway. Old Kent Merchant Services, an alliance between Old Kent Bank and FDMS, will provide the ‘VerioStore’ acquiring services to merchants. The new integrated solution will be available in May.


Modest March Retail Sales

March same-store retail sales rose a modest 2.1 percent over the same period last year, with sales affected by two calendar shifts, according to data compiled by TeleCheck Services, Inc., the world’s leading check acceptance company. The Midwest region led the nation, followed by the Southeast, the Southwest, the Mid-Atlantic, the West and the Northeast. The TeleCheck Retail Index is based on a year-over-year, same-store comparison of the dollar volume of checks written by consumers at more than 27,000 of TeleCheck’s 200,000 subscribing locations. TeleCheck is a subsidiary of First Data Corporation.

“Two calendar shifts had an affect on March retail sales figures. An early Easter this year, from mid-April last year, shifted some Easter spending to March, with the last three days of pre-Easter spending occurring in April. But March 1998 had an extra weekend day compared to this March, which dampened this month’s same-store sales. Events in and around Yugoslavia may have had a marginal negative affect on retail sales. Overall, consumers continued a moderate pace of retail spending throughout the month,” said Dr. William Ford, TeleCheck’s Senior Economic Advisor.

The Midwest was up 3.2 percent, with sales rising 3.8 percent in Illinois, 3.4 percent in Ohio, 3.0 percent in Michigan, 2.9 percent in Wisconsin and 2.8 percent in Minnesota. Sales rose 3.9 percent in Chicago, 3.2 percent in Cleveland, 3.1 percent in Detroit and Milwaukee, and 2.7 percent in Minneapolis/St. Paul.

The Southeast region rose 2.8 percent. Tennessee’s grew 3.5 percent, Georgia’s sales were up 2.9 percent, The Carolinas’ gained 2.8 percent, Louisiana’s grew 2.6 percent and Florida’s rose 2.1 percent. Sales rose 3.3 percent in both Nashville and Memphis. Atlanta’s sales rose 3.1 percent, New Orleans’ gained 2.3 percent, Tampa’s and Miami/Ft. Lauderdale’s both increased 2.2 percent and Orlando’s grew 2.0 percent.

Sales were up 2.5 percent in the Southwest, with increases of 4.0 percent in Missouri, 2.4 percent in Texas and 1.1 percent in Oklahoma. Sales rose 4.3 percent in Kansas City, 4.1 percent in St. Louis, 2.9 percent in Houston, 2.6 percent in San Antonio, 2.0 percent in Austin and 0.8 percent in Dallas/Fort Worth. Oklahoma City’s sales rose 1.1 percent and Tulsa’s were up 0.9 percent.

The Mid-Atlantic gained 2.4 percent, with Virginia up 3.0 percent, Pennsylvania up 2.7 percent, Maryland up 1.8 percent and New Jersey up 1.4 percent. The District of Columbia’s sales rose 1.0 percent, Pittsburgh’s grew 2.9 percent, Philadelphia’s gained 2.7 percent and Baltimore’s rose 1.0 percent.

The West rose 1.5 percent, with Colorado gaining 3.0 percent and Arizona rising 2.5 percent. Hawaii’s sales grew 1.5 percent, Oregon’s rose 0.8 percent, Washington’s gained 0.5 percent and California’s rose 0.1 percent. Denver’s sales were up 3.4 percent, Phoenix’s increased 2.1 percent and Portland’s rose 0.5 percent, while Seattle’s dropped 0.2 percent. Sales rose 0.4 percent in San Diego and 0.3 percent in Los Angeles, but dropped 0.2 percent in the Bay Area.

Sales were up 0.2 percent in the Northeast, with New York climbing 4.6 percent and Massachusetts down 4.7 percent. New York City’s sales rose 3.3 percent while Boston’s dropped 3.3 percent.

TeleCheck’s index is compiled on a calendar basis and is based on the total sales volume of check-writing consumers at a broad cross-section of retailers. Figures are not adjusted for inflation. Checks account for approximately 37 percent of retail spending. In 1997, TeleCheck authorized over $98.3 billion in checks and processed more than 1.9 billion check inquiries.

Atlanta-based First Data Corporation (NYSE: FDC) is a leader in payment services, electronic commerce and information management products and services. First Data and its principal operating units process the information that allows millions of consumers to pay for goods and services by credit, debit or stored value card at the point of sale or over the Internet; by check or wire money. For more information about First Data, please visit the Company on the Internet at [][1].

Dr. William Ford holds the Weatherford Chair of Finance at Middle Tennessee State University. Earlier in his career he was president of the Federal Reserve Bank of Atlanta and served on former Fed Chairman Paul Volcker’s Federal Open Market Committee.

March 1999


Florida 2.1% WEST 1.5% MIDWEST 3.2%
Miami/ Arizona 2.5% Illinois 3.8%
Ft. Lauderdale 2.2% Phoenix 2.1% Chicago 3.9%
Orlando 2.0% California 0.1% Michigan 3.0%
Tampa 2.2% Bay Area -0.2% Detroit 3.1%
Louisiana 2.6% Los Angeles 0.3% Minnesota 2.8%
New Orleans 2.3% San Diego 0.4% Minneapolis/St. Paul 2.7%
Georgia 2.9% Oregon 0.8% Wisconsin 2.9%
Atlanta 3.1% Portland 0.5% Milwaukee 3.1%
Tennessee 3.5% Washington 0.5% Ohio 3.4%
Memphis 3.3% Seattle -0.2% Cleveland 3.2%
Nashville 3.3% Colorado 3.0%
The Carolinas 2.8% Denver 3.4% MID-ATLANTIC 2.4%
Hawaii 1.5% District of Columbia 1.0%
Pennsylvania 2.7%
SOUTHWEST 2.5% Philadelphia 2.7%
Texas 2.4% NORTHEAST 0.2% Pittsburgh 2.9%
Austin 2.0% Massachusetts -4.7% New Jersey 1.4%
Dallas/Ft. Worth 0.8% Boston -3.3% Virginia 3.0%
Houston 2.9% New York 4.6% Maryland 1.8%
San Antonio 2.6% New York City 3.3% Baltimore 1.0%
Missouri 4.0%

Kansas City 4.3%
St. Louis 4.1%
Oklahoma 1.1%
Oklahoma City 1.1%
Tulsa 0.9%