Equifax Banner Quarter

Equifax Inc. (NYSE: EFX) today reported outstanding third quarter results driven by double digit revenue growth, continued operating leverage and the strong performance of Credit Reporting Services, Card Services and European operations.

Third quarter highlights which contributed to these results include:

— Revenues for the period ending September 30, 1997, climbed 13.7% to $344.1 million compared to the prior year period.

— Operating income of $82.7 million increased 22.9% over the comparable period.

— Earnings per share from continuing operations rose from $.27 during the same period last year to $.33 for the third quarter of 1997.

“Equifax continues to deliver strong growth momentum once again with these record-setting third quarter results. The company is strategically positioned to continue to capitalize on global opportunities as demand for our products and services remains strong,” said Equifax Vice-Chairman and CEO Daniel W. McGlaughlin. “Equifax has posted earnings per share increases, before unusual items, averaging more than 19% over the last four years, and earnings per share from continuing operations, before unusual items, are up 24% through the first nine months of 1997.”

Chief Financial Officer Dave Post said, “The operating leverage inherent in our business remains evident, as the operating income margin set a third quarter record of 24.0% versus 22.2% in 1996.” During the quarter the Company’s stock repurchase program remained active, with .9 million shares of stock repurchased for $28 million. Approximately $72 million remained available for repurchase as of September 30, 1997.

During the third quarter, Equifax incurred expenses of about $1.4 million related to Year 2000 compliance. Equifax has been addressing the issue to ensure its systems are ready well in advance of the Millennium. For the year, Equifax estimates Year 2000 compliance expenses of $.02 to $.03 per share.

SEGMENT RESULTS

Credit Services revenue of $153.4 million increased 5.5% and operating income of $58.5 million increased 12.2%, primarily due to growth in Credit Reporting Services, Credit Marketing Services and Risk Management, but revenue was negatively impacted by the second quarter divestiture of National Decision Systems. Credit Reporting Services revenue benefited from strong demand within the banking and telecommunications industries. The divestiture of National Decision Systems will have a negative impact on the fourth quarter earnings comparison, because the majority of this unit’s income was recognized during the fourth quarter.

Payment Services revenue of $108.6 million grew 28.2% led by strong growth in Card Services. Card Services revenue grew 59.5% as a result of increased business and the acquisition of CSG Card Services. Payment Services operating income of $18.2 million increased 13.5% benefiting from the strong revenue growth in Card Services as well as improvement within Check Services but was partially offset by the timing of software sales with FBS Software.

Revenue in International Operations of $79.7 million grew 35.1% as a result of Canadian and European credit operations, acquisitions in Canada and the purchase of the remaining 50% interest of DICOM in Chile. Operating income in International Operations of $13.1 million increased 22.1% as a result of strong performance of U.K. operations, continuing operating leverage from the integration of European acquisitions and the DICOM acquisition.

Revenue in General Information Services, which now solely consists of revenue associated with the lottery subcontract, was $2.4 million, and operating income was $2.2 million.

Equifax is a world leader in providing financial information and processing solutions, with global operations in consumer and commercial credit information services, payment services, software, modeling, analytics and consulting and direct-to-consumer services. The company serves many industries including banking, finance, retail, credit card, telecommunications and utilities and health care. Equifax was founded in 1899 in Atlanta and today has 10,000 employees around the world. It operates globally in 17 countries, with sales in 40 countries. Equifax revenues for the 12 months ended September 30, 1997, exceeded $1.3 billion.

EQUIFAX INC.
FINANCIAL HIGHLIGHTS
(in thousands, except per share amounts)

Third quarter (Unaudited) 1997 1996
Operating revenue $344,086 $302,712
Income from continuing operations:
Operating income before impairment
loss $ 82,737 $ 67,300
Asset impairment loss (A) — —
Operating income 82,737 67,300
Other income, net (B) 1,489 754
Interest expense (5,229) (4,191)
Income from continuing operations
before income taxes 78,997 63,863
Provision for income taxes 31,757 25,322
Income from continuing operations 47,240 38,541

Discontinued operations (C):
Income from discontinued operations,
net of income taxes of $4,872 for the
2nd quarter of 1996, and $10,179 and
$12,258 for the first nine months of
1997 and 1996 respectively — 7,263
Costs associated with effecting the
spinoff, net of income tax benefit
of $2,154 — —
Total discontinued operations — 7,263
Net income $ 47,240 $ 45,804
Average number of shares outstanding 144,226 144,752

Per common share:
Income from continuing operations $0.33 $0.27
Income from discontinued operations — 0.05
Costs associated with effecting the
spinoff — —
Net income $0.33 $0.32

Nine months (Unaudited) 1997 1996
Operating revenue $999,114 $890,661
Income from continuing operations:
Operating income before impairment
loss $229,048 $186,445
Asset impairment loss (A) — (10,313)
Operating income 229,048 176,132
Other income, net (B) 44,652 10,166
Interest expense (15,033) (11,426)
Income from continuing operations
before income taxes 258,667 174,872
Provision for income taxes 111,696 69,337
Income from continuing operations 146,971 105,535

Discontinued operations (C):
Income from discontinued operations,
net of income taxes of $4,872 for the
2nd quarter of 1996, and $10,179 and
$12,258 for the first nine months of
1997 and 1996 respectively 14,336 18,244
Costs associated with effecting the
spinoff, net of income tax benefit
of $2,154 (12,887) —
Total discontinued operations 1,449 18,244
Net income $148,420 $123,779
Average number of shares outstanding 144,659 145,781

Per common share:
Income from continuing operations $1.02 $0.72
Income from discontinued operations 0.10 0.13
Costs associated with effecting the
spinoff (0.09) —
Net income $1.03 $0.85

(A) — In accordance with the Financial Accounting Standards Board Statement No. 121, “Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed of,” in June 1996, the Company recorded a loss to write off certain intangible assets in the Healthcare division of its General Information Services segment.

(B) — During the second quarter of 1997, the Company’s National Decision Systems business unit was sold resulting in a pretax gain of $42.8 million ($17.9 million net of tax, or $.12 per share) recorded as other income.

(C) — In December 1996, the Company announced its intention to split into two independent publicly traded companies by spinning off its Insurance Services industry segment through a pro rata, tax-free dividend of stock in the new company (ChoicePoint Inc.) to existing Equifax shareholders. In July 1997, the Company received a favorable ruling from the IRS regarding the tax-free status of the dividend, and on August 7, 1997, the dividend of ChoicePoint stock took place. Accordingly, the Company’s Insurance Services segment results are now shown as discontinued operations, and the costs associated with effecting the spinoff have been expensed.

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KeyCorp Names Consumer Vice Chairman

KeyBank the $66 billion banking unit of KeyCorp — announced today that it has named Sandra Maltby vice chairman of the bank’s three principal consumer segments.

Previously the executive in charge of Key’s small business division, Maltby, 38, will lead KeyBank’s nationwide efforts to develop and deliver innovative products and services to consumers in the company’s small business, mature market and retail private banking segments. Earlier this year, under Maltby’s direction, KeyBank was named the nation’s top small business lender.

The move underscores KeyBank’s commitment to structuring its organization and resources — its KeyCenter network, marketing and sales efforts and electronic banking — around the needs and lifestyles of distinct customer segments. Maltby will continue to report to Robert G. Jones, president of Retail Banking.

“Sandy’s stellar performance and success with Key’s small business division make her ideally qualified to define the framework within which Key will develop the products and services consumers need to manage their finances and plan for their futures,” said Gary R. Allen, KeyBank chairman and chief executive officer. “Sandy brings to her new role a keen understanding of the economic issues facing consumers and the strategic expertise to maximize Key’s office network, salesforce and electronic delivery alternatives to deliver sound financial solutions.”

Maltby began her career in the credit card center of the former Ameritrust Company N.A. in 1978. There she earned various promotions, assuming the position of assistant vice president and small business lender in 1987. She was elected vice president in 1988 and was responsible for the sales and service of one of Ameritrust’s largest retail branch networks. When Ameritrust merged with Society Corporation (now KeyCorp) in 1991, she was promoted to senior vice president of Society’s Merchant Services Division. In 1994, Maltby was named head of Key’s Small Business Services Division. There, she spearheaded the launch of one of Key’s most successful consumer business lines. In 1997 she was promoted to executive vice president.

Maltby is a member of the Consumer Bankers Association’s Small Business committee, a member of the U.S. Chamber of Commerce Small Business Council and a member of the BAI Corporate Services Commission. She is a leader of a number of initiatives designed to help entrepreneurs face the many challenges associated with owning a small business. She has addressed such audiences as the Wharton University Entrepreneurial Club, the Harvard University Enterprise Club and the University of Chicago Graduate School of Business. She has frequently appeared in both television and print media discussing issues relevant to America’s small businesses and has testified before the U.S. House of Representatives on behalf of small business.

Maltby earned a bachelor of business administration degree and a master of business administration degree from Baldwin-Wallace College.

KeyBank National Association is a subsidiary of KeyCorp, one of the nation’s largest financial services companies with assets of approximately $70 billion. Through three principal lines of business — corporate banking, consumer finance, and community banking — the Cleveland- based company provides retail and wholesale banking, investment, financing, and money management services to individuals and companies across the U.S. Key companies have a presence in 46 states from Maine to Alaska, including its network of KeyCenters, 1,900 ATMs, affiliate offices, and four telebanking centers (1-800-KEY2YOU) that provide financial products and services 24 hours a day, every day of the year. KeyCorp’s Web site can be found at .

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Norwest Moves Card Portfolio to NV

Norwest Corporation said today it will transfer its $1 billion credit card portfolio from Norwest Bank Iowa to Norwest Bank Nevada. The transfer is scheduled December 31, 1997. The move will affect 40 of the 635 Norwest Card Services jobs in Des Moines.

“Iowa laws regulating the credit card business are more restrictive than the laws of the states where most of our competition is located,” said Brian O’Hare, president of Norwest Card Services. “Nevada law gives card issuers more flexibility to set prices and other terms based on conditions in the competitive market rather than setting them by regulation. By issuing credit cards from a state such as Nevada, we’ll be able to compete equitably with the rest of our industry. This transfer will have no effect on our ability to continue providing outstanding service to our one million customers. Norwest Card Services continues to be committed to Iowa and we intend to maintain many of our operations here in Des Moines.”

The 40 positions that will move from Des Moines to Las Vegas comprise the credit department. Credit analysts whose positions will move to Nevada will be given the opportunity to relocate to the Las Vegas area. “For those employees who don’t want to move to Nevada, we will make every effort to find other positions for them within the Norwest family of businesses in Des Moines,” said O’Hare.

Norwest Card Services is currently part of Norwest Bank Iowa, a subsidiary of Norwest Corporation, an $85.3 billion financial services company providing banking, insurance, investments, mortgage and consumer finance through 3,844 stores in all 50 states, Canada, the Caribbean, Central America and elsewhere internationally.

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MoneyGram Signs 100th Country

MoneyGram Payment Systems, Inc. announced today that it now provides consumer money transfer service to 100 countries. The 100th country was reached this month with the addition of the Republic of South Africa to the worldwide MoneyGram network.

Robbin L. Ayers, Executive Vice President of MoneyGram and General Manager of the company’s international business, said: “The start of service to South Africa marks a milestone achievement for MoneyGram, which has been steadily expanding its international network since 1988, when this modern consumer money transfer service was first introduced as a new payment product within American Express. Now, as an independent company providing service to all parts of the globe, MoneyGram Payment Systems offers customers the ability to send funds rapidly and reliably to countries comprising about 80 percent of the world’s population. And we are continuing to add more countries to the MoneyGram network.”

MoneyGram’s agent in South Africa is Rennie’s, which operates travel agencies in cities and towns throughout the country. Initially, five of these travel offices have joined the network of more than 21,000 retail business locations (including supermarkets, banks, check-cashing stores, travel agencies and convenience stores) in 100 countries that serve as MoneyGram agents — handling the origination and payout of money transfer transactions. Rennie’s is an affiliate of United Kingdom-based Thomas Cook Financial Services, MoneyGram Payment Systems’ joint-venture partner in the development of its international money transfer business.

In addition to South Africa, 15 other countries have become part of the worldwide MoneyGram network during 1997, including Nigeria, Yemen and Venezuela.

MoneyGram money transfer service addresses the needs of a wide range of users who require a fast, reliable and convenient means of sending and receiving money. These users include expatriate or guest workers who regularly send money to support families back in their home countries. Regular users also include travelers who need cash in emergency situations, students, business people and military personnel who find themselves in need of fast, reliable funds delivery.

The largest destination country for money transfers outside of the United States is Mexico, which is the home country of several million migrant workers who spend part of the year working in the U.S. MoneyGram’s business began to grow significantly when, in 1990, it introduced a service that enabled these guest workers to wire money to their loved ones at home for next-day receipt. This represented a substantial improvement over the traditional trans-border money transfer service that had previously been available. As a result, the U.S.-to-Mexico money transfer service, became, and remains, a major component of MoneyGram’s business.

Organized in January 1996 to operate the money transfer service previously provided by First Data Corporation, MoneyGram Payment Systems, Inc. today is a leading non-bank provider of consumer money transfer and other financial services. Through the MoneyGram(SM) network of more than 21,000 convenient agent locations, customers can wire cash in minutes to more than 100 countries throughout the world. MoneyGram Express Payment(SM) service enables credit card issuers, mortgage servicers, finance companies, collections companies and others to collect good-funds payments from delinquent debtors within hours. The company completed the initial public offering of its common shares on December 11, 1996.

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Transit Card Alliance Formed

Motorola’s Smartcard Systems Business (SSB) and ERG Limited, a transit fare collection and smart card systems provider, today announced they are forming a smart card marketing alliance to pursue global opportunities in transit and certain multi-application smart card system technologies. The announcement was made at the Cartes ’97 Exhibition and Conference.

The alliance will bring together two significant global players with a full range of expertise necessary for providing transit operators with more efficient and cost effective smart card system solutions.

“By working with ERG, Motorola can draw on the resources of a transit fare collection systems expert with solid experience in clearinghouse and multi-agency fare systems, to provide a complete smart card solution which includes transit applications,” said Mark Davies, Motorola vice president and director of the company’s Smartcard Systems Business.

“By combining our expertise of total fare collection operations with Motorola’s extensive knowledge of smart card product development, software system solutions and system integration and their worldwide distribution organization, we will strengthen our position in the global smart card market, enabling us to offer enhanced transit solutions,” said Peter Fogarty, CEO of ERG.

In transit applications, smart card technology offers faster through put, speeding up the boarding process and making it more convenient for commuters. Also, the technology can provide a wealth of ridership data, which can be used to optimize routes and schedules. Smart card technology can eliminate cash handling and the cost of producing, distributing, collecting and managing fare media.

ERG is a world leader in transit systems utilizing smart card technology. Its wholly owned fare collection division, AES Prodata, was the first company in the world to introduce smart card ticketing to public transport 10 years ago. Recently, ERG implemented the world’s most sophisticated contactless smart card system in Hong Kong. This system is now handling more than 2.0 million transactions per day for six transit operators. That figure is expected to grow to more than 4 million per day in the coming months.

Motorola’s Smartcard Systems Business (SSB) provides its M-Smart(TM) solutions portfolio of smart card products and systems ranging from combination contact/contactless cards, readers and terminals, network infrastructure and system integration services that support multiple smart card applications for customers worldwide. The unit is based in Schaumburg, Illinois, U.S.A.

Motorola, Inc. is one of the world’s leading providers of wireless communications, semiconductors and advanced electronic systems and services. Major equipment businesses include cellular telephone, two-way radio, paging and data communications, personal communications, automotive, defense and space electronics and computers. Communications devices, computers and millions of other products are powered by Motorola semiconductors. Motorola’s 1996 sales were $28 billion.

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NationsBank’s Treasury Management Services Website

Commercial businesses are always looking for services that will help them meet their strategic goals. Now they have a new source for information on treasury management services thanks to the NationsBank Treasury Management Web Site.

The web site, located at , offers a wealth of information on payment, receipt, and cash management services to internet users.

The web site was launched on October 7.

“The NationsBank Treasury Management web site is a valuable tool for businesses,” stated Karen 0. Brooks, Vice President, NationsBank Internet Site Manager. “On-line users can do more than find the right mix of treasury management products to meet their needs. They have access to relevant articles and tips that can help them run their business operations more efficiently.”

Visitors to the site will be able to access a number of different areas. By entering a few key pieces of data on their business operations, The Product Finder gives the user customized product information that will best suit their needs.

The What’s New section gives timely information about treasury management and how these advances can help improve business operations. This section will be updated monthly, and will include articles as well as interactive activities. There is also a calendar listing of treasury management seminars in regions across the country. It will be updated frequently, and offers a drop down box by state.

Both customers and prospects can contact a treasury management representative for customer service and product information through the site’s 1-800 customer support line. Customer service numbers are listed in the Contact Us section, and e-mail capability will be added in the coming months.

According to the Ernst & Young Annual Cash Management Survey, NationsBank is ranked second largest in the nation in Cash Management Revenue. As of June 30, 1997, NationsBank had total assets of $240 billion.

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CyberDisplay & Wallet Docking Stations Coming

Kopin Corporation and Gemplus today announced a multi-year business alliance agreement under which the companies intend to jointly develop and design smart card personal viewing systems and collaborate with major cellular phone manufacturers and world leading financial institutions to produce cellular phone electronic wallet docking stations. Based upon Kopin’s full color, high resolution, ultra low power CyberDisplays, Kopin and Gemplus are bringing together cellular service providers, cellular phone manufacturers and worldwide financial institutions to provide everyday cellular phone users with complete electronic purse and electronic commerce services. This will enable current wireless operators to add applications, such as electronic purse and loyalty to the smart cards currently being used by their customers.

The agreement combines the smart card technology of Gemplus, the world’s largest provider of smart cards, producing an estimated 900 million new cards in 1997, with Kopin’s capabilities in high resolution displays for portable communication products. The goal of the agreement is to offer customers the integration of smart cards and related electronic commerce solutions with Kopin’s CyberDisplays based upon the global reach of both companies and their range of applications, services and technology products.

Kopin and Gemplus have further agreed to use each other’s products in certain applications during the term of the agreement. In addition, the companies will evaluate other joint development activities.

Kopin’s CyberDisplay is the world’s smallest high-performance, high resolution, full function information display. Based on Kopin’s patented SMART SLIDE technology, the CyberDisplay is a 0.24 inch diagonal transmissive active matrix liquid crystal display (AMLCD) imaging device which displays information at 320 by 240 pixel resolution. It enables portable communication devices and personal information products, including smart card viewers, cellular phones and pagers, to display text, e-mail, e-purse, e-commerce, graphics, photographs and video from Internet, intranet and other data or video sources.

Dr. John C. C. Fan, Kopin’s president and chief executive officer, said “This major initiative with Gemplus is another significant step towards establishing Kopin’s CyberDisplay as an industry standard for small form factor flat panel displays. The Gemplus alliance is a very significant business opportunity for Kopin because Gemplus is the unsurpassed leader in providing smart card solutions and applications to customers around the world.”

Marc Lassus, chief executive officer and founder of Gemplus, stated “With this Agreement, Gemplus has enhanced its capabilities in the area of smart card personal viewers and portable wireless electronic commerce systems by providing our customers with the most advanced high resolution, low cost, portable display solutions. In the smart card industry, cost, performance and reliability are all equally important. Kopin’s CyberDisplay is superior in all three areas.”

“New wireless data services, such as electronic mail, electronic commerce, electronic banking and improved wireless security are becoming increasingly more important to our wireless customers”, said Jay Sheth, director of strategic planning at GTE Wireless. “As an industry leader in providing wireless communications, GTE Wireless believes that smart card technologies and small high resolution, low cost color displays from companies like Gemplus and Kopin, will play an important role in delivering next generation wireless data services.”

“We are very excited about being a Kopin partner and bringing the visual age to wireless communications. The CyberDisplay enables high resolution data, graphics and other pertinent information to be clearly displayed in a form factor not previously available,” said Tim Boyd, senior director of product management and marketing for Siemens Wireless Terminals. “Kopin’s display technology coupled with our advanced handset features will improve the functionality of our wireless products.”

Kopin is a leading developer and manufacturer of high resolution, flat panel display products and Wafer-Engineering electronic materials for telecommunications applications. Kopin’s manufacturing alliance with UMC/Unipac, complemented by Kopin’s recently announced business alliance with Motorola, has positioned this team as the first global alliance to offer high volume, low cost microdisplay systems for a large variety of applications.

About Kopin

Founded in 1984 with initial technology developed at Massachusetts Institute of Technology, Kopin holds over 125 patents and patent applications for technological breakthroughs in Wafer-Engineered materials and flat panel display technology. These technologies have enabled Kopin to market display products and Wafer-Engineered materials that enhance the delivery and presentation of video, voice and data. The Company has combined advanced AMLCD and integrated circuit technology to produce its CyberDisplay products, a family of ultra-small, high density imaging devices. Wireless telecommunication providers are using Kopin’s Wafer-Engineered electronic materials for high-performance integrated circuits used in advanced pagers, cellular phones and other portable communications devices. For more information, please visit Kopin’s web site at .

About Gemplus

Gemplus Group is the world’s leading producer of magnetic stripe cards and smart cards. Gemplus manufactures and sells memory cards, microprocessor cards (both contact and contactless), magnetic stripe cards, as well as electronic tags. It also designs and markets software, terminals and systems; and provides personalization, consultancy and training services to offer its customers comprehensive solutions.

In 1996, Gemplus total sales were $440 million. In 1997, the company boasts a production capacity of 900 million magnetic stripe and smart cards.

Gemplus sells its products worldwide for such applications as public and cellular telephony, financial transactions, loyalty, transportation, education, healthcare, gaming, identity, access control, pay TV, security for computer networks and electronic commerce.

Information about Gemplus products and services can be found on the World Wide Web at: .

Wafer-Engineered, CyberDisplay and SMART SLIDE are trademarks of Kopin Corporation.

Forward-looking statements contained in this news release are made under “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could materially affect future results. Among these risk factors are general economic and business conditions and growth in the flat panel display and gallium arsenide integrated circuit and materials industries, the impact of competitive products and pricing, availability of third-party components, availability of integrated circuit fabrication facilities, cost and yields associated with the production of the Company’s SMART SLIDE imaging devices and Wafer-Engineered materials, loss of significant customers, acceptance of the Company’s products, continuation of collaborative agreements and the other risk factors and cautionary statements listed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission, including but not limited to, the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 1996.

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GemFlash Antenna Module Arrives

Gemplus Corporation today announced the availability of GemFlash, the first antenna module for contactless smart cards. GemFlash reduces labor costs associated with the production of contactless cards by at least 20%.

Before GemFlash, manufacturing contactless smart cards required the hand placement of the wireless communications antenna between two layers of laminated plastic — a time-consuming and costly process.

With GemFlash, Gemplus is implementing technical advances that make it possible to secure this antenna around the outside rim of a smart card module. This means that contactless smart cards can now be produced using the same manufacturing process used for manufacturing contact smart cards. This process typically involves either melting down recyclable ABS plastic that is then injected into a card mold with a cavity for the module, or making card bodies from PVC laminated sheets and drilling a cavity. Once the card body is produced, the smart card module is embedded into the module cavity. With GemFlash, contactless smart cards can be manufactured using the same process, however, the GemFlash contactless smart card module — with an incorporated antenna attached — is embedded into the cavity.

This new method of producing contactless smart cards uses the same silicon chips as were used in cards manufactured using the traditional lamination process, only the antenna form and its placement on the card are different.

“With GemFlash, for the first time, Gemplus has a means of using the quicker, less labor-intensive contact smart card technology to produce contactless smart cards,” said Steven Landau, director of Gemplus’ Transportation and Physical Access Control business division for North and South America.

About Contactless Smart Cards

Contactless smart cards are used as identification cards and for physical access in applications such as mass transit, stadium, corporate campus, conventions, building access and amusement parks.

They use radio frequency technology to communicate with a smart card reader, instead of being inserted into the device (contact smart cards). Contactless smart cards transmit and record (read/write) data when placed within a few inches of a reader. They also significantly reduce transaction times compared to cards that require physical insertion in a reader.

In addition to GemFlash, the Gemplus range of contactless smart cards includes GemEasy (the conventional laminated card), GemTwin (a dual-chip, contact/ contactless hybrid card), and GemCombi (a single-chip, contact/contactless card).

Pricing And Availability

The GemFlash 8000 card (8 Kbits) is available now. GemFlash 300 (384 bits) will be available in December 1997. A full range of GemFlash products ranging from 80 bits to 2 Kbytes will be available during 1998. Gemplus will have the capacity to produce 10 million antenna modules per month in 1998. Due to production economies realized by this new process, GemFlash cards will sell for as low as $1.00, depending on volume and memory size.

About Gemplus

Gemplus Group is the world’s leading producer of magnetic stripe cards and smart cards. Gemplus manufactures and sells memory cards, microprocessor cards (both contact and contactless), magnetic stripe cards, as well as electronic RFID tags. It also designs and markets software, terminals and systems; and provides personalization, consultancy and training services to offer its customers comprehensive solutions.

In 1996, Gemplus’ total sales were $440 million. In 1997, the company boasts a production capacity of 900 million magnetic stripe and smart cards.

Gemplus sells its products worldwide for such applications as public and cellular telephony, financial transactions, loyalty, transportation, education, healthcare, gaming, identity, access control, pay TV, security for computer networks and electronic commerce.

Information about Gemplus’ products and services can be found on the World Wide Web at: .

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MBNA Dividends

MBNA Announces Quarterly Common Stock Dividend

MBNA’s Board of Directors declared a quarterly cash dividend of $.08 per common share, payable January 1, 1998, to stockholders of record as of December 15, 1997. On a pre-split basis the dividend would be equivalent to $.12 per common share.

MBNA Corporation (NYSE: KRB), a bank holding company and parent of MBNA America Bank, N.A., a national bank, has $46.2 billion in managed loans. MBNA, the country’s second largest credit card lender, also provides retail deposit, consumer loan, insurance, and card acceptance services.

MBNA Corporation Announces Preferred Stock Dividends

MBNA Corporation announced today a quarterly dividend of $.46875 per share on the 7-1/2% Cumulative Preferred Stock, Series A, a quarterly dividend of $.3932 per share on the Adjustable Rate Cumulative Preferred Stock, Series B, and a quarterly dividend of $.515625 on the 8.25% MBNA Capital C Trust Originated Preferred Securities. All preferred stock dividends are payable January 15, 1998 to stockholders of record as of December 31, 1997.

MBNA Corporation, a bank holding company and parent of MBNA America Bank, N.A., a national bank, has $46.2 billion in managed loans. MBNA, the country’s second largest credit card lender, also provides retail deposit, consumer loan, insurance, and card acceptance services.

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Motorola-Cartes ’97

Motorola’s Smartcard Systems Business (SSB) announced its initial smart card products at the Cartes ’97 Show here today. The introduction, which follows Motorola’s March announcement of the SSB unit as a new global provider of complete smart card solutions, unveiled the M-Smart(TM) series’ combination contacted/contactless smart card and two new families of terminals developed for the public transit and campus markets.

The products, which will be available for shipment in 1998, set the stage for future smart card product announcements and for Motorola’s extension into other market applications such as identification, health care and banking.

The new M-Smart Combination Card is a flexible, multi-purpose smart card designed to work with any industry-standard terminal. The card can be used in conventional contacted as well as contactless mode.

M-Smart terminals for transit applications include the Vehicle Terminal and Gate Terminal. Products for campus applications include M-Smart PC Reader and Access Control Terminal. The M-Smart Point of Sale Terminal and Vending Machine Terminal can be used in both campus and open transit environments. Motorola’s M-Smart products are based on open architecture, scaleable security and comply with established industry standards.

“With the introduction of our initial Motorola Smartcard Systems products, we are demonstrating our commitment to our customers, developing superior contactless/contacted products and providing innovative and flexible solutions that are customized to our customers’ needs,” said Mark Davies, Motorola vice president and director of the company’s Smartcard Systems Business.

“To effectively implement optimum smart card solutions, Motorola is building strategic relationships with customers and other leading industry players,” Davies added. “We will work closely with our strategic partners to create a vision for different programs, develop business cases and help drive demand for a universal smart card solution.”

The M-Smart Combination Card’s multi-application capability is designed to attract consumers and broaden merchant acceptance. The card can store cash value electronically and serve as a debit or credit card, which simplifies transactions and eliminates cash handling. The card could be conveniently used in vending machines and at retail merchants. Future applications could include storing health records and store loyalty information, as well as functioning as a identification card.

In a contactless environment, the Combination Card never touches the reader, which extends the life of both the card and reader. Faster transaction speeds generate cost savings for merchants and offer consumers added convenience which can create a platform for consumer loyalty.

The M-Smart Transit Vehicle and Gate Terminals facilitate automatic fare collection. Fares are stored on a smart card and then deducted when the user boards. The faster throughput speeds up the boarding process making it more convenient for passengers. Operators will appreciate the breadth of fares available on smart cards – period passes, stored rides and special concessions as well as the ability to modify fare tables immediately. This technology can provide a wealth of ridership data, which can be used to optimize routes and schedules. Also, smart card technology eliminates cash handling and the cost of producing, distributing, collecting and managing other fare media.

In campus environments, the M-Smart PC Reader and Access Control Terminal can interact with industry-standard smart cards. The Access Control Terminal allows universities, corporations and entertainment complexes to control physical access. The PC Reader helps to enable protection of computer system data, secures Internet purchases and facilitates other forms of electronic commerce such as home banking and electronic cash. Both readers allow systems to recognize individuals and the level of access they are permitted and also provide a definitive electronic record of individual access.

The M-Smart Point of Sale Terminal and Vending Machine Terminal can be used in both transit and campus environments. The terminals read smart cards that store value, transferring the appropriate amount from the card to the machine. The terminals improve transaction speed and eliminate the need for customers to hold cash, which can improve merchant and customer satisfaction, allow merchants more time to personalize each sale and help reduce theft.

Motorola’s Smartcard Systems Business (SSB) provides its M-Smart solutions portfolio of smart card products and systems ranging from combination contacted/contactless cards, readers and terminals, network infrastructure and system integration services that support multiple smart card applications for customers worldwide. The unit is based in Schaumburg, Illinois, U.S.A.

Motorola, Inc. is one of the world’s leading providers of wireless communications, semiconductors and advanced electronic systems and services. Major equipment businesses include cellular telephone, two-way radio, paging and data communications, personal communications, automotive, defense and space electronics and computers. Communications devices, computers and millions of other products are powered by Motorola semiconductors. Motorola’s 1996 sales were $28 billion.

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World MasterCard

The most direct assault on American Express cards will get underway this month as MasterCard rolls out its ‘World MasterCard’. No pre-set spending limit, flexible, frequent traveler benefits and concierge-level service have long been the hallmarks of American Express charge cards. The ‘World MasterCard’ is set to attack all three points-of-differentiation. MasterCard’s new product combines no pre-set spending limit with an option to revolve a designated portion of the charges each month. The new card also features a travel rewards program that permits cardholders to earn free travel on any domestic or international carrier without regard to blackout periods. ‘World’ cardholders will also access to MasterCard’s 24-hour ‘Global Service’ and a special concierge program providing a wide range of services including travel and dining reservations. Household and Bank of America will be among the first to offer the new charge/credit MasterCard.

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Huntington Beefs Up Web Site

Huntington Bancshares Incorporated (HBI) has launched the next generation of its World Wide Web site. Earlier today, at a national video press conference, William Randle, executive vice president of Direct Access Financial Services, HBI, unveiled the new site.

The Huntington has created one of the most advanced, yet functional, web sites in the banking industry. The site’s next generation () was designed by Columbus-based Resource Marketing, a technology marketing firm.

“While many banks are using the Internet to provide limited online services to customers, there have been no clear leaders in this regard — until now,” said Peter Geier, Huntington Bancshares vice chairman. Some banks have successfully provided content, and even transactional capabilities, and others have blended business and personal banking services on a very limited basis, particularly by having customers dial into their bank’s system using bank-provided software. According to Huntington research, customers have indicated they want all three, seamlessly integrated, without having to use bank-proprietary software. There has been no comprehensive offering of all three available in the marketplace, especially over the Internet. The Huntington’s goal is to meet that need.

Like other bank web sites, The Huntington’s site provides corporate and product information, but distinguishes itself from the competition with an enhanced, online Transactional Center, as well as improved personal and business banking content.

These personal and business banking components feature a Customer Service Center, Internet Banking, as well as Personal Finance and Business Planning Centers, which include a wealth of information and “tools,” such as calculators for online use.

All of these components are presented by way of a contemporary, user- friendly, navigational system designed for use by a broad range of online users.

“Based on ongoing feedback from our customers and our assessment of current demands in the marketplace, Huntington.com delivers something more beneficial to the customer,” said Chet Thompson, senior vice president, manager of Electronic Commerce. “The new system is built around customers and the financial needs they have now and will have in the future, versus the typical information and basic services offered by other banks on their web sites. Currently, our strategic and technical teams are working on developing new applications which will support the additional products and services our customers are demanding, including credit cards, investments and mortgage services.”

According to Nancy Kramer, president of Resource Marketing, “Working with The Huntington’s marketing and technology teams, we delivered a customer- centered approach for their web site. This site design provides the capability to meet current customer needs and also has the architectural framework for adding services as those needs grow.”

The site is divided into three sections, including Huntington Web Bank, which not only describes personal and commercial products, but allows customers to utilize the planning tools and apply for Internet Banking. A second section, Corporate Information, features press and general information about the publicly-held bank holding company. Rounding out the site, and providing the most functionality, is the expanded and improved Transaction Center.

The center provides consumers with transactional capabilities, such as online bill paying, account reconciliation and reporting, in a secure environment. The Huntington Web Bank software was developed by Security First Technologies which spent years developing security technologies for the U.S. Department of Defense. This allows for multiple layers of security in place for the web bank service.

New features will include the ability to transfer funds between accounts and, eventually, will offer online investing and credit card statement reviews. Funds transfer services will be available in the next few weeks; investment and credit card services will be available in the first quarter of 1998.

“We’ve built a sophisticated web site, which is easy to use by a broad range of people and offers what our customers need. Rather than building in a lot of time-wasting bells and whistles, this is simply a practical, functional use of technology,” said Randle.

The site features a customized navigational system comprised of four components: universal functionality, primary navigation, secondary navigation and a wayfinder. While online within the system, a user is only one or two clicks away from any key area. The system also allows customers to manipulate data versus the view-only options found on many other bank web sites.

Work on the enhanced web site was launched by The Huntington and Resource in April, 1997. The work included detailed research and strategic planning, resulting in the creation of more than 2,000 frames of content and extensive user testing.

“We couldn’t be more pleased with the results of the work Resource put into making this site a useful banking tool for our customers,” Geier said. “There is a dramatic shift in the way we live, work and bank, and technology is the enabler. This web site will help ensure that all of The Huntington’s customers are at the forefront of the new ways to take control of their money.”

With over 131 years of serving the financial needs of its customers, Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with assets in excess of $25 billion. The Huntington provides innovative products and services through its 527 offices in Ohio, Florida, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Pennsylvania, South Carolina, Virginia and West Virginia.

The Huntington also offers products and services through its technologically-advanced, 24-hour telephone bank, a 906-unit ATM network and its Web Bank at . Corporate communications and financial information are also available at this web site address. Publicly traded as Nasdaq: HBAN, the stock is included in the S&P 500 Index.

Resource Marketing is a 16-year-old technology marketing firm based in Columbus, Ohio with an office based in San Francisco. Total employment exceeds 110; revenues for 1997 are projected to be $75 million.

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