FDMS Class A

Lipman USA Announces Class A Certification on FDMS Networks

Syosset, NY - July 16, 2001 - Lipman USA, Inc. today announced that First Data Merchant Services has given a Class A certification to the NURIT 2085, 2085 Plus, 2090 and 3010 point-of-sale (POS) terminals that are ideal for retail and mail order applications. These POS payment products will be offered to bank and independent service organization (ISO) clients for whom First Data provides payment-processing services.

The NURIT products feature a user-friendly Menu driven interface and flexible reporting options. The 2085Plus, 2090 and 3010 also feature an Internal PIN pad, which eliminates the need for a separate device for the entry of Debit PIN numbers. All three products can process credit, debit and cash sales.

The NURIT 2090 and 3010 models operate in a wireless environment through the Cingular Data Network. “The addition of NURIT wireless terminals will open new markets for our bank and ISO customers,” said Anthony Lucatuorto, general manager, financial institutions and independent sales organizations at First Data Merchant Services. “Merchants who do not have access to a phone line are either non-acceptors, or they pay high transaction fees, absorbing risk for unauthorized transactions. The ability to authorize and settle their sales wirelessly will make it more practical for remote merchants to accept credit and debit cards.”

“The teaming of the Lipman NURIT product line with First Data Merchant Services is another prime example of Lipman’s motto of ‘Service First,’” said Mony Zenou, president and CEO of Lipman USA. “It has always been our assertion that building powerful and user friendly terminals is not enough, we must also offer the highest level of terminal support to the banks and ISOs who support their merchant bases. The combination of our products with First Data’s transaction processing and merchant support creates a one-stop shop for banks and ISOs alike.”

About Lipman

Lipman USA, Inc. (www.misteriodeobanos.org) is a subsidiary of Lipman Electronic Engineering LTD. Lipman’s NURIT product line revolves around the design and manufacture of advanced wireless and tel-line point-of-sale (POS) terminals and cash registers, betting and home services terminals, thermal and impact printers, PIN pads, smart-card readers, coin-operated or credit/debit/smart card controllers for integration into vending machine, commercial washer/dryer payment systems or numerous other card-type payment applications. Lipman continually strives to manufacture unique and sophisticated products that are: low-cost, simple to operate and program, systematically flexible being based upon well thought out hardware/software integration, and finally but not least, quality assured. The engineering development department is continually researching new concepts and has demonstrated its ability to quickly respond to the ever-present technological changes characterizing the field of data communications.