HCFB Selscts MUZO for Card Issuing and Processing Services

MUZO, a.s., Global Payments Prague-based, majority-owned subsidiary, has signed an agreement with Home Credit & FinanceBank (HCFB) Russia, to provide payment card processing and issuing services for the Banks new, revolving consumer credit program. HCFB is the second largest provider of consumer credit in Russia. MUZO, the largest indirect payment processor in the Czech Republic, will integrate a comprehensive front and back office solution for HCFBs new program based on MasterCards PIN-based Maestro card. The program gives consumers convenient access to an approved line of credit at retail establishments and ATMs, where the Maestro card is accepted. MUZOs services will include: authorization for ATM and Point-of-Sale (POS) transactions, as well as card personalization and related card management and distribution solutions of the issued cards including PIN related support services. In May of this year, Global Payments completed a public tender offer for the outstanding shares of MUZO, thereby obtaining more than 98 percent ownership of one of Central and Eastern Europes largest indirect payment processors. In February 2004, Global acquired 52.6 percent of the outstanding shares of MUZO from Komercni banka, a.s. ("KB"). Home Credit & Finance Bank is a member of PPF Group. The PPF Group has been in business for over 12 years and services the financial sector with consumer credit services in the Czech Republic, Slovakia and Russia.