U.S. Wireless Data to Conduct Investor Conference Call; CEO to Provide Update on Quarterly Results.

Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 9, 2001

U.S. Wireless Data, Inc. (USWD) (OTC:USWE), the leader in wireless transaction services, will conduct an investor conference call at 5:00 p.m. EST on Thursday, February 15 to discuss results for the second quarter of fiscal 2001, ended December 31, 2000. The company expects to file its detailed financial statements on Form 10-Q with the Securities and Exchange Commission by February 14.

The dial-in number for the live conference call will be 212-896-6148. A live webcast of the conference call will be available at the U.S. Wireless Data website www.uswirelessdata.com. The call will also be simulcast at www.streetevents.com. For those who cannot listen to the live broadcast, a replay of the call will be available on these Web sites for at least 30 days. There will also be telephone replays of the call available until 7:00 p.m. EST on February 22. To listen to the telephone replay, dial 800-633-8284 (858-812-6440 outside the U.S.) and enter reservation number 17821168.

Upcoming NYSSA Presentation:

The company also announced that Chairman and CEO Dean M. Leavitt will make a presentation to financial analysts as part of the "Pervasive Computing / e-Wireless Conference" at the New York Society of Security Analysts on March 5. For more information, investment professionals may access the Society's website at http://www.nyssa.org/events/ewireless01.html or call at 212-912-9249.

About U.S. Wireless Data, Inc.

U.S. Wireless Data, Inc. (www.uswirelessdata.com), founded in 1991, markets proprietary technology that brings together three large, rapidly growing industries-transaction processing, wireless data transport and the Internet-to enable wireless payment processing. The company's Synapse(sm) platform provides a gateway among all of the parties within a wireless point-of-sale (POS) transaction. This enables businesses that require mobility (i.e., not tethered to a telephone line), or fixed-location businesses that seek faster transaction speed, and/or lower cost transactions--to accept wireless point-of-sale payments. By providing a seamless interface among merchants' POS terminals, wireless carriers and card processors, credit, debit and other payment transactions can be processed as fast as cash, without the cost and inconvenience of a telephone line. In addition, Synapse Internet-based tools offer on-line, real-time transaction monitoring, remote diagnostics and automated terminal activation. The company is headquartered in New York City.