WildCard Systems Powers Prepaid Payment Products Worldwide for Visa Issuers to Reach Businesses and Consumers.

Business Editors

SUNRISE, Fla.--(BUSINESS WIRE)--Nov. 27, 2002

Global Initiatives with Visa Deliver Surge of New Programs Worldwide

WildCard Systems, the leader in delivering prepaid e-payment solutions, today announced new details of the range of Visa prepaid products that it has helped to launch worldwide, including Visa's International Travel Card in China. This new prepaid card, which could be used by more than 10 million outbound Chinese travelers, is powered by WildCard's transaction processing engine, using its state-of-the-art prepaid technology. This product, as well as many others, is the result of a global strategic alliance with Visa International (originally announced by WildCard Systems on Jan. 16, 2002).

"Since we began working with Visa in 1999, WildCard Systems has supported the launch or expansion of more than three dozen different Visa prepaid products in nine different countries," said Larry Park, President and CEO of WildCard Systems. "We believe that the multi-trillion-dollar prepaid business opportunity will only be tapped through flexible technology that allows highly customized new products to be brought to market quickly and cost-effectively, while addressing often challenging local conditions. Looking back on the past three years, I am extraordinarily excited about how quickly WildCard Systems has been able to realize this goal, working with Visa issuers in so many countries to serve unique needs from travel to employer to teen. As the leading prepaid solution provider for Visa and the industry, WildCard Systems will be able to continue this throughout the coming years."

Today's announcement highlights how WildCard Systems' expanding strategic relationship with Visa International is successfully developing and deploying prepaid applications to serve a global business opportunity conservatively estimated by Visa at US $2.3 trillion. WildCard Systems is focused on matching its state-of-the-art prepaid technology with the unsurpassed trust, reliability, and global acceptance of the Visa brand to deliver products that issuers and their customers will prefer above any other. In order to make this happen, WildCard Systems has forged relationships with Visa International, Visa U.S.A., Visa Asia-Pacific, Visa Canada and Visa Latin America to serve Visa's 21,000 member financial institutions around the world, with programs today in Mexico, Dominican Republic, Russia, United Kingdom, Luxembourg, France, South Africa, China, Australia, and many others.

As a result, WildCard's technology and systems are now in use delivering solutions for young adults, gift cards, affiliate program payment cards, insurance cards, payroll cards, fuel cards, shopping mall cards, and other special purpose and incentive-based cards. Here are some key examples of prepaid Visa products supported by WildCard Systems:

-- Travel Cards - Visa travel cards allow consumers to make purchases wherever Visa Flag or Visa Electron are accepted, as well as at Visa PLUS ATMs. These cards provide both convenience and security for the cardholder by allowing 24-hour access to funds and offering protection from theft or loss. These cards are available in Russia, India, Venezuela, South Africa, Luxembourg, China, as well as other parts of the world. WildCard Systems has developed turnkey Web-based software applications and features to address unique local market requirements that issuers can use to sell, service and manage Visa travel cards in bank branches and agencies around the world and on the Internet.

-- Money Transfer - Money Transfer products allow persons living in one country to have the ability to send money to family members in another country. These prepaid, card-based products are typically more convenient and less expensive than traditional funds transfer methods. Security is an additional advantage. Visa and WildCard have several programs for remittances in Mexico and the Dominican Republic, based on diverse product models to support issuers in both sending and receiving countries. The WildCard solution for a money transfer product uses Web technology to deliver a combination of convenience and security for both clients and consumers. This solution includes systems that interface with existing remittance card-based disbursement solutions.

-- Payroll Cards/Expense Cards - The Visa Payroll Card is more convenient and safer for the cardholder because it eliminates the need to carry lots of cash. In addition, the Visa Payroll card helps employers reduce costs associated with producing, handling and distributing paychecks, as well as the re-issuance of replacement checks. A companion product to the Visa Payroll Card is expense cards. Employers can use these cards to increase the efficiency of handling employee travel or other expenses. Visa Payroll Cards, powered by WildCard Systems, have currently launched in the U.S. WildCard brings a suite of turnkey components that issuers and employers can use to effectively run and manage a payroll card program. Visa Payroll Cards, powered by WildCard Systems, deliver convenience, cost-savings, and efficiency to employers by allowing diverse card loading and issuing mechanisms and support services.

-- Incentive Cards - Incentive Cards are used by employers to reward, recognize and incent employees in order to build productivity and morale. In addition to its many U.S. programs, Visa has launched an incentive program in Brazil powered by WildCard. Through the effective use of Web technology, WildCard is able to deliver a business-to-business solution for incentive cards that allows clients to successfully manage incentive programs.

-- Visa Buxx - Visa Buxx has been in the U.S. market since 2000, and is the number one product in its category. To serve the teen population in Latin America, Visa Buxx will soon be offered in Portuguese and Spanish through Visa member banks in the region. Visa Buxx is a reloadable prepaid card designed to teach teens about practical spending and money management. Since Visa Buxx initial U.S. launch in 2000, WildCard has offered a full-service solution to issuers, including Web site development, transaction processing, and program support services. Because it's been in the marketplace the longest with Visa Buxx, WildCard Systems has key insights and learnings into the use of the product and into the optimization of issuer revenue opportunities and management of costs, including cost-savings in the areas of customer service and risk management.

WildCard Systems is the technology leader in complex prepaid financial transaction processing, Web-based applications and custom software development. In the relationship it has with its bank customers, WildCard Systems provides turnkey solutions for the prepaid market. This includes serving as the issuing processor, hosting the Internet applications, and providing online, real-time authorization, as well as all settlement functions. WildCard provides a robust, flexible platform of highly customized solutions that allow clients to get their prepaid product to market faster. By using WildCard services, clients have access to best-of-breed fraud management services and sophisticated data mining and business analytics. In addition, WildCard can coordinate card production/fulfillment activities and can handle all customer servicing and training.

The WildCard Systems-Visa History

In 1999, WildCard Systems was chosen by Visa U.S.A. to be the Visa TravelMoney processor and work with Visa to develop prepaid cards for Visa members to capitalize on the multi-billion dollar prepaid market. Early U.S. examples include the AAA National Stored Value program featuring a card-based alternative to traveler checks and cash when traveling abroad; Visa-branded gift and incentive cards. In 2000, WildCard Systems and Visa launched the first Visa Buxx programs with Bank of America, U.S. Bank, National City, Capital One and Wachovia. In 2001, WildCard further expanded into additional strategic markets with Visa including payroll cards, promotion cards and other solutions based on WildCard's proprietary prepaid platform, including the introduction of insurance ClaimCards(TM) to several of the largest U.S. issuers. In 2002, WildCard Systems began rapidly expanding its international presence by building on the success it had in 2000 with Visa TravelMoney at Thomas Cook through Standard Bank of South Africa. So far it has launched travel card programs in China, India, Australia, Puerto Rico, Russia, Mexico, Brazil, and several other countries in South America, Asia Pacific and Europe.

About WildCard Systems

WildCard Systems is an e-payments company that is the technology leader for electronic prepaid accounts and related Web-based software. Prepaid payment products represent one of the biggest untapped markets for consumer payments. WildCard's secure e-transaction platform is supported by a full range of services to deliver a complete host-based prepaid solution for a wide range of vertical markets. WildCard's clients include leaders in each of its vertical markets and some of the top financial institutions in the country. Founded in 1997, WildCard Systems is a privately held, venture capital backed company. The company is headquartered in Sunrise, Fla. with offices in Silicon Valley, Orlando and Atlanta. For more information, visit http://www.wildcardsystems.com.

About Visa International

Visa is the world's leading payments brand and the largest payments system worldwide. Visa branded cards generate almost US $2 trillion in annual volume and are accepted at over 22 million locations around the world. The Visa organization plays a pivotal role in advancing new payment products and technologies to benefit its 21,000 member financial institutions and their cardholders. Visa is a leader in Internet-based payments and is pioneering the creation of u-commerce, or universal commerce -- the ability to conduct commerce anytime, anywhere, over any type of device.