Simon J. Theobald

SIMON J. THEOBALD is currently Chief Executive Officer and President of
IFS International, having been elected to this position in May 2000. Mr.
Theobald has been a Director of the company since December 1994 and has
been Managing Director of the European Division based in London since
1992. From 1986 to April 1992, he was employed by Applied Communications
Inc., a subsidiary of Transaction Systems Architects, Inc. Mr. Theobald
has more than eighteen years experience in the electronic funds transfer
industry. Mr. Theobald is a graduate of De-Havilland College with
qualifications in Computer Studies and Technology.