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ACET Processing implements VisionPLUS 8.11 - an African first

Johannesburg, 19 Mar 2003

ACET Processing, the specialist third-party processor of accounts, customers, events and transactions, has scored a first in Africa by implementing the most advanced version of the VisionPLUS credit management software, from PaySys International Inc.

ACET Processing will now provide clients with VisionPLUS 8.11, the most up to date release of the world`s leading account processing system. VisionPLUS has a number of accolades in the global credit industry, including:

* More credit accounts are processed on VisionPLUS every day than on any other credit processing system.

* More banks, finance companies, and retail establishments worldwide use VisionPLUS than any other credit solution.

* There are over 120 VisionPLUS systems in over 30 countries on all six continents of the world, including eight sites in Africa.

VisionPLUS is designed as a flexible full-feature account processing system and by investing in this implementation of the most advanced version of the software, this ensures that the modules available to ACET Processing clients contain the most state of the art features and functionality.

Mike Crawley, Director of Software Services at ACET Processing, states: "This investment in VisionPLUS 8.11 ensures that clients in Africa now have unrivalled access to world-class credit management technology. ACET Processing clients will be able to realise the major benefits that improved account processing will bring, which will result in clients being empowered to make strategic credit management decisions on their portfolios."

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ACET Processing

ACET Processing provides third party processing for accounts, customers, events and transactions. With offices in Cape Town and Johannesburg, we offer clients across Africa access to both the VisionPLUS account processing system and the TRIAD account management solution. ACET Processing is jointly owned by PIC Solutions, the largest risk management consultancy based in the Southern Hemisphere and PaySys International, a wholly owned subsidiary of First Data Corporation.

Through this unique combination of proven state-of-the-art credit and risk systems, world-class third-party processing expertise and established customer management solutions, ACET Processing provides clients across Africa with an unsurpassed range of services. For more information, visit the ACET Processing Web site at www.ACETProcessing.com.

First Data

First Data Corp (NYSE: FDC), with global headquarters in Denver, Colorado, USA, powers the global economy. Serving approximately 2.8 million merchant locations, 1 400 card issuers and millions of consumers, First Data makes it easier and more secure for people and businesses to buy goods and services using virtually any form of payment: credit, debit, smart card, stored-value card or cheque at the point-of-sale, over the Internet or by money transfer. For more information, please visit the company`s Web site at www.firstdata.com. PaySys, a wholly owned subsidiary of First Data, provides transaction processing software; software management services; customisation; project management; education and multi-lingual training. Known worldwide for its VisionPLUS software, the First Data subsidiary has customers in 38 countries on six continents and has offices in Australia, Brazil, Costa Rica, France, China, Ireland, the UK and the US.

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