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To: Fred Levine who wrote (2726)11/4/1998 4:55:00 PM
From: Fred Levine  Respond to of 4722
 
Having written that...

Wednesday November 4, 3:59 pm Eastern Time

Company Press Release

VeriFone and FleetOne to Automate the Point-of-Sale at Gas Stations in
Mexico

First Widespread Deployment of Electronic Payment Technology in Mexico Delivers New Convenience
and Safety to Consumers and Stations

MEXICO CITY--(BUSINESS WIRE)--Nov. 4, 1998-- VeriFone, Inc., the leading global provider of secure electronic payment solutions, today announced
that FleetOne de Mexico, a subsidiary of Williams Company Inc, has selected VeriFone point-of-sale (POS) payment terminals for deployment at gas stations
in Mexico.

This implementation represents the first nationwide deployment of electronic payment technology in Mexican gas stations, and will give consumers the
convenience and safety of a pre-paid card solution.

FleetOne de Mexico and ONEXPO (National Association of Gas Stations) signed an agreement in which FleetOne de Mexico will provide card technology for
more than 4,000 gas stations country wide in 1999. FleetOne also signed an agreement with PEMEX Refinacion to allow FleetOne and ONEXPO to
implement this new technology solution in Mexico. FleetOne de Mexico selected VeriFone to deliver POS solutions for the deployment, and the companies
have already initiated a successful pilot in which VeriFone terminals were implemented in 100 gasoline stations.

''This implementation represents a major evolution at the point of sale for gas stations in Mexico, and requires flexible, proven technology,'' said Lic. Gloria
Albarran, Director at FleetOne de Mexico. ''VeriFone is the world leader and a trusted name for electronic payment solutions for the point of sale. We also
see technology innovation from VeriFone that will allow us to evolve the systems with smart cards and new applications.''

''In the past, drivers in Mexico have been limited to cash when it comes to paying for gas,'' said Fernando Lopez, General Manager at VeriFone Mexico.
''With this new solution and the FleetOne and ONEXPO agreement, consumers and gas stations will no longer be required to face the fear and risks of
carrying money for cash-only payment for gas, and will gain the added benefit of loyalty points.''

The solution being deployed in Mexico includes VeriFone's OMNI 395 payment terminal, the P350 printer, and the PINpad 450, personal identification
number entry device, as well as locally developed software. Fleet managers will set up pre-paid and corporate debit accounts and acquire
GASOPLUS-branded cards from FleetOne de Mexico to allow members to charge purchases at stations. Gas stations will also issue pre-paid cards to general
consumers that can be re-loaded at the stations.

As an added benefit, customers will be rewarded for gasoline purchases by earning loyalty points for travel with American Airlines. And, as the program
migrates to chip cards from magnetic stripe, other applications will be added, including loyalty programs from specific gas stations.

FleetOne de Mexico, a wholly-owned Mexican subsidiary of The Williams Companies Inc. [NYSE:WMB - news], is an energy and high technology
manufacturer, with more than 90 years of existence internationally. It was formed to provide products and services to vehicle users at a national level.

ONEXPO is an association of approximately 2,500 gas stations in Mexico.

VeriFone, Inc., a wholly owned subsidiary of Hewlett-Packard Company [NYSE:HWP - news], is the leading global provider of secure electronic payment
solutions for financial institutions, merchants and consumers. VeriFone has shipped more than six million electronic payment systems, which are used in over
100 countries.

Note to Editors: VeriFone, the VeriFone logo and OMNI are either registered trademarks or trademarks of VeriFone, Inc., in the U.S. and/or other countries.
All other company names, brands or products may be trademarks or registered trademarks of their respective owners.



To: Fred Levine who wrote (2726)11/4/1998 4:57:00 PM
From: Fred Levine  Read Replies (1) | Respond to of 4722
 
More good weather...

Wednesday November 4 3:47 PM ET

E-commerce 'dream team' formed

By Mel Duvall, ZDNet

Industry heavyweights Cisco Systems Inc., Electronic Data Systems Corp. and Hewlett-Packard Co. have formed what they are calling an
"electronic-commerce dream team" to capture a bigger share of the booming market.

The three firms announced Tuesday they have formed an alliance that will be able to provide companies with one-stop shopping for their Web commerce
initiatives. EDS, a leading consulting and system integrator, will head the initiative and draw upon the strengths of Cisco, the world's largest networking
equipment manufacturer, and HP, a giant in the computer hardware and software business. "Collectively, we have the expertise and the tools to completely
change the way a business moves its goods and services from the industrial age to the digital age," said Paul Rudolph, president of the electronic business unit
at EDS.

While the three claim no other companies can bring the same set of skills and offerings to the table, the alliance is clearly aimed at grabbing attention away
from IBM Corp., which has been extremely successful in capturing mind share with its e-business advertising campaigns.

Steve Behm, vice president of strategic alliances at Cisco, said IBM's failing is that it claims to be able to do it all. "Things are so crazy right now, that if any
company tries to do it all on their own -- like IBM -- they're just trying to boil the ocean," he said.

Terms of the alliance were not disclosed, and the companies said other "dream team" members may be added at a later date. They confirmed negotiations are
under way with a major telecommunications provider.

Two global solution centers have been set up at EDS headquarters in Plano, Texas, and Stockley Park, England, where the companies will pool their hardware,
software and services into joint offerings.



To: Fred Levine who wrote (2726)11/5/1998 9:31:00 AM
From: Jody Ritchie  Respond to of 4722
 
fred, the Verifone POS terminals are used for credit cards, not just debit cards. I buy my groceries using a Verifone terminal and my credit card.

I doubt this news will affect Verifone at all.

Jody