Holiday Crystal Ball

Arthur Andersen says consumer are bullish on the economy with 77% of American expecting to spend the same or more this year on holiday gifts. As a result overall 1997 retail sales will increase 3%-5%. The ‘Arthur Andersen Holiday Outlook Survey’ says the average holiday budget is $774 per shopper. “Baby Boomers” will increase spending about 12% this year while “Generation Xers” will spend about 32% more this year. The survey also showed gift certificates are growing in popularity.

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Smart Card Study

London-based SJB Services projects the number of worldwide smart cards issued will approach four billion by the year 2000 compared to 800 million issued last year. The company released a study this morning simply called “The Smart Card” study that examines 425 smart card installations around the world and details 63 case studies. The report, available in hard copy or CD-ROM, also covers 280 firms engaged in the smart card business.

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NYC Pilot Expands

The ‘VISA Cash-Mondex’ Upper West Side/New York City smart card pilot expanded to more than 700 merchants Thursday. Yesterday the U.S. Postal Service joined the pilot jointly conducted by Citibank and Chase Manhattan. The stored value cards can be used for all retail postal transactions except for C.O.D.s and passport fees. NationsBank and First Data are processing the USPS pilot transactions. Citibank is allowing ‘VISA Cash’ cards to hold up to $500 in value while Chase is limiting ‘Mondex’ cards to a maximum of $200. ‘Mondex’ cards can be reloaded at 41 designated Chase ATMs while ‘VISA Cash’ must be reloaded via special kiosks located throughout the Upper West Side, including the participating post offices.

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New Mall Card

The apparent success of PNC’s ‘Mall V.I.P. Visa’ has prompted at least one East Coast mall owner/operator to issue a new rewards ‘MasterCard’. Johnstown, Pa.-based Crown American launched the ‘Crown Rewards MasterCard’ yesterday via MBNA America. The new card will be offered through 25 shopping malls operated by Crown American in PA, MD, WV, VA and NJ. The card offers monthly rebates (1% of purchases) in the form of $10 coupons redeemable for mall gift certificates. Consumers applying through the end of this year will receive free stroller rental and gift wrapping for one year.

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Ameritech Phone Cards

Feeling the competitive heat in prepaid phone cards Chicago- based Ameritech launched two new phone cards yesterday. The new Ameritech ‘A+’ phone card features flat rate pricing for all domestic calls regardless of destination. The company also announced a cobranded phone card, called ‘Family Memories’, which doubles as a birth announcement for new parents and offers partners a pocket billboard. The ‘Family Memories’ card will be available in 3,900 hospitals nationwide and enables new mothers and fathers to send family and friends free phone time on a card bearing the photo of the newborn. Ameritech recently issued a phone card featuring the Renoir exhibit underway in Chicago.

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Calypso is Born

The first national, independent, ATM/EFT banking network in more than ten years will go online early next year. ‘Calypso’ is targeted to medium-sized and smaller financial institutions as well as non-bank ATM owners. Consultant Del Tonguette, who is handling the development, indicates this morning the network was founded as an answer to the growing frustration of ATM owners in developing new, market-responsive ATM services amidst “pages and pages of rules” and fee requirements. Calypso Systems LLC, to be based in Louisiana, expects to have more than 5,000 ATMs in operation within the first year and plans to expand to POS and e-banking by 1999.

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BankAtlantic Exxon ATMs

BankAtlantic announced today that it had entered into an agreement for BankAtlantic to install by mid-1998 as many as 57 ATMs in Exxon facilities operated by Miami-based Exxon distributor Estevez Oil Corporation. Under terms of the agreement, the first phase of the ATM installations will be operational in the next 60 to 90 days, and will include placement of 25 BankAtlantic ATMs in Exxon facilities located in Dade, Broward, Palm Beach and Monroe counties, said BankAtlantic Senior Vice President for Sales Alex Garcia. Phase two of the agreement gives BankAtlantic exclusive rights to install 32 more ATMs in other tri-county Exxon locations, in Exxon facilities in the Florida West Coast community of Naples and in the Florida Keys.

“We are excited to offer BankAtlantic and Exxon customers the value-added convenience of access to their cash on a 24-hour basis, as well as account transfer and account balance services,” said Mr. Garcia. “When the Exxon installations are completed, BankAtlantic will have more than 300 ATMs in operation throughout Florida. Currently, BankAtlantic ATMs are located in 62 BankAtlantic branches, inside Wal*Mart and Wal*Mart Supercenter stores statewide, aboard 15 Carnival and Celebrity cruise liners, and at various South Florida malls and college campuses. This agreement continues BankAtlantic’s strategy of enhancing BankAtlantic’s name recognition and increasing its market penetration throughout Florida,” Mr. Garcia added.

“Public demand for ATM services in non-traditional locations continues to grow,” said Mr. Anthony Estevez, president of Estevez Oil Corporation. “BankAtlantic ATMs at Exxon locations will provide a popular service to our existing customers, as well as a competitive draw for added business at our Exxon facilities.”

BankAtlantic’s parent company, BankAtlantic Bancorp (NYSE: BBX), is publicly traded on the New York Stock Exchange under the symbol BBX, and on Nasdaq under the symbol BANC. BankAtlantic — which has assets of $2.8 billion and operates 62 full-service branches in Broward, Dade, Palm Beach, Sarasota, Lee, Charlotte, Osceola, Flagler and Manatee counties — will be the largest financial institution based in Florida after the pending NationsBank/Barnett merger.

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Citibank Card Bonds Rated

Duff and Phelps Credit Rating Company (DCR) has assigned a AAA (Triple-A) rating to the Citibank Credit Card Master Trust I Series 1997-10 $500 million class A credit card participation certificates, and a AA (Double-A) rating to the $32 million class B certificates. The three-year issue has a coupon of 1-month LIBOR for the class A certificates and 1-month LIBOR plus 0.16 percent for the class B certificates. Both have a final maturity date of November 15, 2001.

DCR’s ratings reflect the benefits of the socialized structure of the master trust, wherein all series aggregate collections and share in any excess or shortfall to the same degree. The credit enhancement levels for his series are identical to the other series issued by the master trust, relying on 11 percent enhancement for the A class and 7 percent for the B class. A New Financing Report Summary detailing this transaction is available on Bloomberg at DCR “GO” or by calling the DCR Hotline at 312-368-3198 or by e-mail at hotline@dcrco.com.

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NDC Signs Olympia Entertainment

National Data Corporation announced today that it will provide electronic payment services to Olympia Entertainment, a Michigan-based corporation. The agreement is in conjunction with NDC’s alliance partner Comerica Bank.

Olympia will use NDC for processing ticket sales at the Joe Louis Arena in Detroit, home of Stanley Cup Champions — the Detroit Red Wings Hockey Team. NDC will also process transactions for concerts and other events at the arena.

Under the same agreement, NDC’s processing services will be used at merchandising and concession stands at the Detroit Zoo, for box office tickets at the Fox Theatre, a premier theatre in Detroit, and for a variety of restaurants and gifts shops operated by Olympia.

“Our strong alliance partnership focus and our extensive support infrastructure makes it easy for the entertainment market to do business with us,” said Tom Dunn, NDC’s general manager of Integrated Payment Systems. “We are delighted that we can respond to the needs of Olympia’s diverse operations with our advanced processing capabilities.”

National Data serves the entertainment market with a wide array of payment services. The company has been recognized for years as the leader in restaurant, lodging and many other vertical market applications. Its breadth of solutions range from merchant processing, check guarantee and purchasing card services to cash management, electronic information reporting and financial electronic data interchange (EDI).

NDC’s Payment Systems customer base includes retail businesses, global and domestic banks, corporations, alliance partners, independent service organizations, trade associations, value-added resellers, health care providers and federal and state municipal agencies.

National Data Corporation is a leading provider of information services for the payment systems and health care markets.

When used in this report, press releases and elsewhere by management or the Company from time to time, the words “believes,” “anticipates,” “expects” and similar expressions are intended to identify forward-looking statements concerning the Company’s operations, economic performance and financial condition, including in particular, the likelihood of the Company’s success in developing and expanding its business. These statements are based on a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company, and reflect future business decisions which are subject to change. A variety of factors could cause actual results to differ materially from those anticipated in the Company’s forward-looking statements, some of which include competition in the market for the Company’s services, continued expansion of the Company’s processing and payment systems markets, successfully completing and integrating acquisitions in existing and new markets and other risk factors that are discussed from time to time in the Company’s Securities and Exchange Commission (“SEC”) reports and other filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligations to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or thereof, as the case may be, or to reflect the occurrence of unanticipated events.

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TSYS Total Solutions Names SVP

TSYS Total Solutions, a wholly owned subsidiary of Total System Services, Inc., has promoted L. Patton Elliott to Senior Vice President.

During the announcement, TSYS Total Solutions President Clifford Mason stated, “Pat is an exceptional leader. Our company is fortunate to benefit from his talent and dedication. He is an asset to our team.”

Elliott joined TSYS in 1990 as the Manager of the Quickstart Programmer Education Program, which was conducted in conjunction with Columbus State University and Columbus Technical Institute. Elliot joined TSYS Total Solutions in 1995 and most recently served as Vice President of Operations. Currently, Elliott is responsible for the following areas of TSYS Total Solutions: system design and analysis; application development; equipment evaluation, selection, recommendations, procurement and implementation; software and hardware support; and computer center operations. He has more than 28 years of experience in both the technical and administration of information services and computing.

Based in Columbus, Ga., TSYS Total Solutions specializes in inbound-outbound telemarketing, acquisition mailing, application processing, direct mail, correspondence fulfillment and other mailing services including laser printing and MICR, response processing and data entry, among others. These services are provided to banks and other financial institutions and are seamlessly integrated into THE TOTAL SYSTEMâ. The company has been a wholly owned subsidiary of TSYS since 1992.

Headquartered in Columbus, Ga., TSYS is one of the world’s largest credit, debit, commercial and private-label card processing companies, serving card issuing institutions located throughout the United States, Puerto Rico, Canada and Mexico, representing more than 90 million cardholder accounts. TSYS provides a comprehensive on-line system of data processing services marketed as THE TOTAL SYSTEMâ. In 1996, TSYS formed a joint venture with Visa® U.S.A. to create Vital Processing Services L.L.C. (www.vitalps.com), a leading full-service merchant services provider. TSYS’ 1996 revenues totaled $311.6 million; the company is an 80.7 percent owned subsidiary of Synovus Financial Corp. (NYSE: “SNV”) (www.synovus.com), a $9.0 billion asset, multi-financial services company that also includes 34 banking affiliates in four Southeastern states, a full-service brokerage firm, a comprehensive trust services provider and a mortgage services company. TSYS’ Internet address is [www.totalsystem.com][1].

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

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SmartSign Launched

ObjectSoft Corp. today introduced the SmartSign, a new modular line of kiosks with interactive public access terminals for use in office and apartment buildings, hotel lobbies, malls and other locations where people need access to building directories, travel and tourism guides, auto and mass transit directions and other useful information.

Only 7-1/2 inches deep, SmartSign is a free-standing or wall mounted Kiosk that mixes traditional display media with interactive content.

“The SmartSign is the ultimate 24-hour concierge, allowing the visitor to get information, make entertainment and meal reservations, even purchase tickets,” said ObjectSoft Chairman David E.Y. Sarna.

“This is the next generation of billboards. With illuminated light boards and high-tech performance we are changing the way we communicate, entertain, and educate,” said ObjectSoft President George J. Febish.

Revenue from advertising on display panels and in the interactive content can offset or eliminate costs of installing the SmartSign. Available components of the kiosk include lightboards, LCD Touch Screen, video monitor, ticket, receipt and full page document printers, vandal resistant keyboard and the latest computer hardware technology.

The Audubon Tourist and Information Center has been selected as the first location for the SmartSign to enhance the cultural and historic promotion of Upper Manhattan by the Harlem Heights Historical Society.

“As we enter the 21st Century and the new age of technology, the SmartSign kiosk will ensure that our community will be in the forefront of this information age. This will enable Upper Manhattan to be a leader in the field of multimedia technologies,” said Michael Mowatt-Wynn, Executive Director, Harlem Heights Historical Society.

“The SmartSign kiosk is an excellent information delivery system for our needs as a community-based organization. While serving as an addition to our Tourist and Information Center it provides expansion capabilities to put our community on the information super highway,” said Seth Rao, Assistant Director/Project Manager, Harlem Heights Historical Society.

ObjectSoft plans further deployment of the SmartSign by offering it to various residential and commercial properties along with customized interactive content and maintenance at no cost. Revenue for the SmartSigns will be generated by advertising sales of both light board space and commercial interactive content. ObjectSoft also has contracted with the architectural firm of Eugene Coleman to build customized housing for the new SmartSign to blend in perfectly with its surroundings.

ObjectSoft currently maintains SmartStreet Kiosks as a part of New York City’s CityAccess program. SmartStreet Kiosks bring information and regulations, forms and services to New Yorkers directly from City mainframe computers using multi-media technologies. Using an ATM-type screen, visitors and residents also can access hundreds of pages of information on attractions, dining, theater, hotel accommodations and customized transit maps.

SmartStreet also allows the user to design and print custom maps. ObjectSoft currently has SmartStreet Kiosks in the Department of Health building at 125 Worth Street, Manhattan; The St. George Terminal of the Staten Island Ferry, The Bronx and Brooklyn Municipal Buildings, Queens Borough Hall and the New York Hall of Science in Flushing Meadow/Corona Park, Queens.

About ObjectSoft

Founded in 1990, ObjectSoft is a leader in providing information and Internet-based services and has pioneered secure credit card processing of electronic commerce. ObjectSoft is a publicly held company listed on Nasdaq. For more information on ObjectSoft, visit their website at .

This press release contains certain forward-looking statements concerning ObjectSoft which are subject to a number of known and unknown risks that could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements. Among such risks are those discussed in the Company’s Registration Statement on Form SB-2 and its Quarterly Report on Form 10-QSB and include, but are not limited to, limited operating history, recent establishment of new business divisions, dependence on new and untested product, risks related to technological factors and potential manufacturing difficulties.

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