Gold Card Fees Hold Steady, Peak in December

Gold card average annual fees averaged around $30 last year. December saw the year’s high at $30.76, up from $29.07 for the same month in 2008 but down from 33.94 in 2005 and 36.20 in 1999. Relatively speaking, annual fees have come down greatly over the past 10 years, as every month in 1999 saw average fees of more than $36.00. Although annual fees saw relative steadiness throughout the year, gold card APRs neared an all time high of 19.43% in December of 2009. Averaging around 17% throughout the year, the year closed with the highest gold card average APR since the December 2007 figure of 19.48%. For additional information on gold card fees and APRs, please visit www.carddata.com

GOLD CARD FEES
JAN: $28.86
FEB: $28.66
MAR: $28.61
APR: $28.60
MAY: $28.59
JUN: $28.89
JUL: $28.91
AUG: $29.05
SEP: $29.00
OCT: $29.76
NOV: $29.98
DEC: $30.76
SOURCE: Carddata.com

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3V and People’s Trust Now Offering Visa Prepaid Voucher

3V and People’s Trust have launched the “3V Visa Prepaid Voucher to pay online, providing a convenient and secure
way to access funds set aside for online purchases. The 3V Visa Prepaid Voucher can be used online, as well as by mail order or
over the telephone; just about anywhere Visa is accepted. Customers can purchase the voucher at any of the 15,000 participating
retailers across Canada including Esso and Canadian Tire gas stations. Voucher denominations range from $20 to $500.
To use the voucher, customers can redeem the 3V Visa activation code online to receive
a secure 3V Visa number, expiry date and 3-digit security codenormally found on the back of a credit card. Money can be transferred between the 3V
Visa numbers or any remaining funds can be deposited back into a bank account.

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JCB & DBS

One World Ventures announced that 1World Cash, its money
transfer service and a provider of prepaid cards, has
added Indonesia as a remittance destination. Through its 1World Cash
stores and agency franchise locations, 1World Cash can now provide cost
effective remittance options with real time bank transfers for more than
150,000 of the Indonesian migrant workers who live in Hong Kong.
Indonesia migrant workers are employed in many industries and as domestic helpers. In 2009, an
estimated $8.3 billion in remittance was transmitted to Indonesia and
81.9% of Indonesian migrants make use of bank transfers when remitting
money, but only 32% have bank accounts, according to the World Bank.
1World Cash is providing access to the banking systems to these under
banked migrant workers, empowering and providing an easy and secure
remittance program. One World Ventures, Inc.
is a holding company with management resourced in
Asia, Mexico and the United States that invests in technologies,
communities and systems that facilitate trade, finance, communication
and travel across international boundaries, cultures and languages.

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Angell Eye Deploys Paypal Card-Swipe Solution

Angell Eye is commencing full distribution of its “USBSwiper.” Designed to replace the need to manually type information into the Virtual Terminal for PayPal in order to process sales and capture information from credit cards, the “USBSwiper” efficiently provides solutions for merchants handling POS card swipe purchases. Utilizing Paypal’s “Payment Pro” software and the USBSwiper in order to instantly capture credit card information and handle all kinds of transactions. Consumers and business owners alike have been awaiting this type of solution for a long time, as sales and purchases can now be processed faster and owners no longer have to manually type information into their information storage system. The “USBSwiper” now allows merchants to process sales and purchases on the go with their laptop and is usable for both Mac and Windows users, is portable, and can instantly process transactions.

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ValidSoft Launches Card Fraud Prevention

Elephant Talk Communications is introducing its “VALid-POS” software service, developed by ValidSoft. Current fraud
detection technology works by comparing any new card use with a cardholder’s historical patterns of
spending and locations. This method results in 9 out of every 10 cross-border transactions flagged as
fraudulent being legitimate, subsequently costing banks up to $10 per case. With criminals expected to
target football fans during the month-long World Cup, stealing their credit card numbers and racking up
big purchases, ValidSoft’s “VALid-POS” allows banks to more accurately determine which transactions are
legitimate using cell phone data to verify legitimacy. Each time a card is used, the software determines in
real-time, that a physical transaction involving a payment card is in proximity to a mobile phone linked to
the actual cardholder. With this, “VALid-POS” spots the real transactions correctly 95+% of the time.

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IQPC Holds Prepaid/mPayments Conference

Event management provider IQPC will hold the Prepaid Cards& Mobile
Payments 2010 Conference that will feature prepaid leaders from across the
retail and banking industries and has been expanded to include the
lucrative mobile payments space. Attendees will hear about the latest in
innovative payment strategies and regulations in addition to forecasting
the mobile and wireless markets. Speakers come from retailers, banks and technology providers including
Best Buy, Aeropostale, Transaction Wireless, Nike, Nokia, Travelex, Meta
Payment Systems, Western Union, Wal-Mart and more.

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GiftCardMall.com Offers Visa 2010 FIFA World Cup Gift Cards

Effective immediately, Blackhawk Network prepaid and financial payments products has made available its Visa gift cards commemorating the 2010 FIFA World Cup through GiftCardMall.com. With this, Consumers will be able to give gift cards customized with images of the FIFA World Cup. Featuring images of the excitement and spirit of South Africa hosting the 2010 FIFA World Cup, the cards will be available in denominations ranging from $20 to $500 and can be used anywhere Visa debit cards are accepted electronically. Cards issued by MetaBank. Gift Card Mall reaches more than 165 million people each week through a network of grocery, mass, convenience, drug, and specialty stores.

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Billeo Expands Biller Directory

Online financial assistant Billeo has expanded its Biller Directory to help consumers pay their bills
instantly with a credit, debit or prepaid card at more than 10,000
companies across 26 categories. As the largest directory and the defacto standard in the U.S. and
Canada, Billeo’s Biller Directory now covers more than 15,000 companies
with two-thirds accepting card-based bill pay. Visa and Discover already use Billeo’s Biller Directory to provide
customers a one-stop listing of billers that accept card payments
online. Consumers even have access to information on billers that charge
convenience fees and those that allow auto-payments, making Billeo’s
Biller Directory even more useful. Highlighting companies that take credit, debit and prepaid card payments
means Billeo helps consumers earn valuable card rewards. The average household pays six bills each month to cover services such
as insurance and utilities, spending a cumulative $7,000 annually.
Billeo estimates that its users already have earned $1.4 million in rewards
just by paying their bills and shopping online.

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MBNA CHANGES

MBNA Canada Bank is notifying its customers of several changes to the terms and conditions of their account, effective beginning August 7.
MBNA is one of the first banks in Canada to announce that it is adopting the “high to low” method of payment allocation. That is, payments made on an MBNA credit card account will go towards paying the balance with the highest interest rate first, resulting in customers paying less interest over time. This applies to the minimum payment amount and any amounts over the minimum payment, which is better for the customer and is over and above the regulatory requirement. Other changes include: improved statement and simplified account agreements, increased minimum payments and the elimination and streamlining of certain fees. MBNA will implement these business changes at the same time that it implements the Federal Government’s new Credit Business Practices Regulations and amendments to the Cost of Borrowing Regulations, which come into force on September 1.

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MONEYSOLVE

Debt management experts at MoneySolve believe that adults who are struggling to keep up repayments on loans or credit cards should be given more debt advice options by their creditors. The debt experts believe that creditors issuing payment chasing letters to those struggling to keep up with their financial commitments should make a range of options known to the debtors. MoneySolve advisors believe that this will encourage more people to seek help where needed earlier.

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E-LICENSES

Gemalto has surpassed the ten million mark for
electronic driver’s licenses and electronic registration certificates
for vehicles delivered to India. The e-Driver’s License incorporates a microprocessor that securely
stores the driver’s data, protecting citizens against identity theft. In
addition, it contains information on the driver’s history which is
expected to contribute to a reduction in car accidents. Similarly,
statutory data about the vehicle, its registration, its owner, vehicle
insurance and pollution control certification is stored in the
microprocessor embedded in the e-Registration Certificate card.
Gemalto is also deploying Driver’s Licenses in Australia, El Salvador,
Finland, Mexico, Norway and Sweden.

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Chase Community Giving Launches Summer Program

Chase has kicked off its
Chase Community Giving Summer 2010 program on Facebook to award more than $5 million to be shared among 200
charities with grants ranging from $20,000 to $250,000. Chase Community Giving provides an opportunity for small and local
organizations to build awareness of their causes on a national level. The first Chase Community Giving program saw over
2 million users on the Facebook platform become fans of
the program and helped decide which, of more than 500,000 charities,
should receive a share of $5 million. More than 100 winners from 31
states were selected. Chase Community Giving is back again – and
improved. The number of charities eligible to receive awards has doubled
and several new tools have been introduced. The site for the Summer 2010 Program is live now and can be found at http://apps.facebook.com/chasecommunitygiving. Charities can start
personalizing their pages and voting begins June 15. Winners will be determined on or around July 13.

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