FIRST COMMERCIAL BANK IS FIRST TAIWANESE BANK TO ARRANGE FINANCING FOR TRADECARD MEMBER IN HONG KONG
Bank's Hong Kong branch completes export financing transaction for footwear supplier to major US footwear company

Taiwan and Hong Kong, December 27, 2001 - First Commercial Bank, one of the major three banks in Taiwan, which last year signed an agreement with TradeCard to provide export financing to members of the online financial services company, has arranged financing for a Hong Kong-based TradeCard member via First Commercial Bank's Hong Kong branch office. This marks the first time a Taiwan TradeCard member bank has arranged financing for a Hong Kong company.

The financing was obtained by a TradeCard member footwear supplier based in Hong Kong with headquarters in Taiwan for a transaction with a major footwear company in the US. First Commercial Bank's Taipei headquarters and its Hong Kong branch office worked together on the application to ensure a fast response.

"This cross-border financing transaction demonstrates how streamlined the financing approvals process can be when conducted through the TradeCard network," said Kurt Cavano, TradeCard Chairman and CEO. "Further, it shows how companies with branches outside their home country can still benefit from services through their local bank."

Shiu-Nan Huang, Executive Vice President of First Commercial Bank said: "We want to offer our customers the best- possible service, and online financing is an essential part of this. Our first financing transaction for a company based in Hong Kong shows how TradeCard helps us speed up the processing time and overcome country boundaries to ensure the most efficient service for our customers in Taiwan and overseas."

TradeCard offers a variety of financial supply chain tools for trading companies to increase the efficiency and speed of their domestic and cross-border trade transactions, while at the same time reducing their transaction costs.

About TradeCard
TradeCard is a financial supply chain service provider. TradeCard's secure transaction infrastructure greatly reduces the inefficiencies and uncertainties found in traditional domestic and cross-border trade transaction processes. By streamlining and enhancing the steps necessary for purchase order approvals, payment decisions and settlement, TradeCard provides a cost-effective, practical and patented service for financial supply chain management.

TradeCard, Inc. is headquartered in New York City with offices in the San Francisco Bay Area, Seattle, Chicago, Hong Kong, Taipei, Seoul, Tokyo and London.

TradeCard can support transactions among the following countries: Australia, Austria, Belgium, Brazil, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, the Netherlands, Norway, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, the United Kingdom, and the United States.

TradeCard is a registered trademark in the United States. TradeCard can be found on the World Wide Web at http://www.tradecard.com.

About First Commercial Bank
First Commercial Bank is one of the largest banking institutions in Taiwan. The Bank's world ranking is 140 by Tier One Capital of US$2.4 billion, with total assets mounting up to US$ 37.3 billion as of Dec, 2000. Acting as a major player, the Bank handles about US$99 billion of FX business, approximately 10 % of local market share. Its global branch network residing at major financial centers enhances the capabilities of the Bank for extensive and diversified products of trade finance.

First Commercial Bank is committed to providing the best e-commerce solutions available as well as fast and convenient financial services to its customers. First Commercial Bank also strives to assist Taiwanese corporations conduct their businesses globally in a safer and more efficient way so that they can achieve higher business profitability and efficiency.

Given the successful TradeCard financing transaction fulfilled between FCB Headquarters and its Hong Kong branch office, First Commercial Bank provides Taiwan based corporates a total solution for "Cross- Straight Triangular Trade Finance ", which facilitates customers to leverage their logistics strategies over the Internet. First Commercial Bank can be found at www.firstbank.com.tw.

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This press release contains a number of matters that constitute forward-looking statements. The presentation reflects the current views of TradeCard's management with respect to future events and is subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements.