CoreCard's Commercial Card Software Attains MasterCard(R) IPM Compliance

NORCROSS, Ga., May 20, 2003 /PRNewswire/ -- CoreCard Software, Inc., a PaySys International spin-off, today announced that its CoreISSUE(TM) global card management and payment processing system is fully compliant with MasterCard's issuing vendor testing for Purchasing Card Authorization and Smart Data Common Data Format files.

As part of the testing, MasterCard verified that the CoreISSUE commercial card solution is able to:

* Receive and forward Global Clearing Management System (GCMS) Purchasing Card records including Passenger Transport, Vehicle Rental, Lodging, Generic and Purchasing;

* Process GCMS and internally-generated Business, Corporate and Purchasing;

* Report transactions to include the requisite seven corporate hierarchy levels; (CoreISSUE supports an unlimited number of levels for reporting);

* Generate files containing all Business, Corporate and Purchasing Card transactions in the MasterCard Purchasing Card Smart Data-supported format and transmit them to MasterCard for processing;

* Perform Purchasing Card authorizations with cardholder usage restrictions at the cardholder level by six or more merchant category code ranges, single transaction amount, maximum number of transactions daily and monthly, and maximum dollar amount of transactions daily and monthly;

* Restrict cardholder usage at the corporate level by dollar amount of transactions monthly, and

* Support centralized billing and cardholder level billing.

CoreISSUE is a fully integrated, browser-based, card system featuring multilingual and multi-currency capabilities. The system provides comprehensive, real-time processing of payments and transactions including authentication, authorization, clearing, settlement, customer service, dispute management, statement processing and letters generation. CoreISSUE runs on Intel processor-based hardware and is designed to scale regardless of portfolio size or transaction volume. An array of physical and virtual card products are supported by the system including association-based commercial and consumer bankcards and private label products such as stored-value cards, retail cards and merchant-specific gift cards. Generally available since September 2002, there are currently six retailers using it for card issuance.

About CoreCard

CoreCard, a PaySys International spin-off, is the inventor of CoreENGINE(TM), the first real-time universal card transaction processing and lending software platform. CoreISSUE, the first application developed using CoreENGINE, provides card issuers with unprecedented control and advanced functionality that enable them to improve operational efficiencies, create profitable credit plans and increase revenues. Headquartered in Norcross, Ga., CoreCard is funded by Intelligent Systems Corporation [Amex: INS]. Other institutional shareholders include Advent GECC, Capital Resource Partners, Grubb & Williams and Oak Investment Partners. For more information, call 770-564-8000 or visit www.corecard.com.

About MasterCard

MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard(R), Cirrus(R) and Maestro(R). More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards in circulation today. An association comprised of more than 15,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard's award-winning Priceless(R) advertising campaign is now seen in 81 countries and in 41 languages, giving the MasterCard brand a truly global reach and scope. With more than 24 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. For the year ended December 31, 2001 gross dollar volume exceeded US$986 billion. MasterCard can be reached through its World Wide Web site at http://www.mastercard.com.

*PaySys is a registered trademark of PaySys International, Inc., a wholly-owned subsidiary of First Data Corporation.

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