SEPT LEI

The Conference Board “Leading Economic Index” for the Euro Area increased 1.2% in September to 100.6, following a 1.8% increase in August and a 1.7% increase in July. Seven of the eight components contributed positively to the index this month. The “LEI” for the Euro Area has increased by 9.6% during 2009 after falling more than 15.0% between June 2007 and December 2008. Meanwhile, The Conference Board “Coincident Economic Index” for the Euro Area, a measure of current economic activity, declined by 0.1% in September, falling to 101.7.
The Conference Board currently produces leading economic indexes for
nine other individual countries, including the U.S., the U.K., Germany,
France, Spain, Japan, Australia, Korea and Mexico.

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Recycled and Recyclable Gift Cards are Introduced

ABnote North America and Earthworks have teamed to develop a gift card
that is both recycled and recyclable. Half Price Books, the nation’s
largest new and used bookstore chain, will be the first to implement the
truly recycled card program. After the gift cards are fully redeemed by
its customers, Half Price Books will collect the used cards, send them
back to Earthworks where they will be ground and re-processed into
sheets, and then shipped back to ABnote North America for printing and
conversion into gift cards once again. Along with Half Price Books
collecting the cards, OH-based Earthworks enables the process by having
the “EARTHWORKS SYSTEM Recyclable Content Identifier” on the cards.
Earthworks manufactures and markets 100% recycled and recyclable PVC
sheet material for plastic card applications. Half Price Books has 100
retail locations in 16 states.

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EURONET 3Q/09

Euronet Worldwide posted third quarter consolidated revenues of $264.8 million, down 5.7% from the year ago quarter, impacted by currency exchange rates. However, transactions rose 7.8% year-on-year to 387.3 million, compared to 3Q/08. For the EFT Processing Segment revenues were $50.9 million, compared to $54.4 million for the year ago quarter. EFT transactions hit 188.4 million, compared to 174.2 million for 3Q/08. The EFT Processing Segment ended the third quarter with 9,473 ATMs operated compared to 10,384 ATMs at the end of the third quarter 2008, and an increase of 137 ATMs from the second quarter. The Prepaid Processing Segment reported revenues of $153.6 million, compared to $166.8 million for 3Q/08. Transactions were 194.4 million, compared to 180.4 million for the third quarter of 2008. The Prepaid Processing Segment processes electronic point-of-sale prepaid transactions at approximately 475,000 point-of-sale terminals across approximately 234,000 retailer locations in Europe, Asia-Pacific, the Americas and the Middle East. The Money Transfer Segment reported revenues of $60.3 million, compared to $59.5 million for the third quarter of 2008. Transfer transactions were 4.5 million, compared to 4.3 million for the third quarter 2008. For complete details on Euronet’s third quarter performance visit CardData (www.carddata.com).

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AIRLINE PAYMENTS

Universal Air Travel Plan (UATP) is set to co-host the upcoming Airline
and Travel Payments Summit December 2-3 at the Miami Wyndham in
conjunction with the Airline Information consulting firm. On the agenda
for the summit are such topics as; combating online & call center fraud;
reducing costs with Alternative Forms of Payment; emerging Markets &
LACAR Payments Issues; balancing payment costs versus co-brand credit
card income; mobile payments; prepaid and Gift Cards in the
airline/travel industry; payment Type Surcharges; and managing Payment
Costs. To encourage participation, registration rates have been kept
low. For more information, visit http://uatp.com or
http://airlineinformation.org or the event website
http://airlineinformation.org/AI_conferences/ATPS2009/index.html

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Q-CASHROUTER

Mats Odell, Minister for Local Government and Financial Markets, has
inaugurated Swedbank’s”Q-CashRouter” (QCR) at the Swedbank office on
Hamngatan, Stockholm. Offering cash recycling, the machine is designed
to reduce cost for cash handling and to increase security. And with cash
handling estimated to cost a total of SEK 11billion annually, given the
large number of daily transports required just to refill ATMs, empty
service boxes, collecting and delivering cash from branches and shops
and to transport the cash between the country’s cash centrals, the QCR
is a cash recycling machine for more efficient cash handling. It is a
cash deposit machine combined with two sideunits for cash withdrawal,
which enables the store owner to deposit the daily amount and to receive
a confirmation of an immediate credit to the bank account.

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Citizens Financial’s Green$ense Takes Off

Citizens Financial Group has rewarded Citizens Bank and Charter One
customers with “Green$ense”, a cumulative $5.2 million for reducing
paper with electronic banking-payment transactions.
Green$ense deposits cash directly into a customer’s checking account on
a monthly basis, providing greater
savings and spending flexibility. Rather than limiting cash payouts
to debit card transactions, Green$ense customers earn money for debit
card purchases (signature and PIN), online bill payments and recurring
payments, making it the most robust program of its kind in the industry.
Enrollment in Green$ense is free for all Citizens Bank and Charter One
customers with a checking account, including Green Checking, the bank’s
free checking product. There are no minimum balance requirements and no
hidden fees. As an added perk, customers who enroll in the program will
receive an industry-first Green$ense Visa® debit card made from recycled
plastic. Customers also will be enrolled automatically in online banking
with free Bill Pay and receive paperless statements.

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ICE & PEOPLE’S

Integrated Card Exchange (ICE) of CardWorks and Peoples Trust financial
services have launched their comprehensive processing solution for the
Canadian market, powered by Planet Payment multi-currency and data
processor. The processing solution provides Canadian merchants a
comprehensive suite of business-building tools to improve merchant
efficiency and profitability with full domestic processing support for
Visa and MasterCard including chip and pin, American Express, JCB, and
Interac debit card transactions. Merchants also have access to Planet
Payment’s “Pay in Your Currency” and Multi-Currency Pricing services.
E-Commerce and Mail Order / Telephone Order merchants have access to
iPAY, Planet Payment’s robust suite of payment acceptance and business
management tools.

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Survey Finds Card Offered Rates Jumped 20% in 2009

A new study finds that all of the credit cards offered online by the
top bank card issuers continue to include practices that will be
outlawed once all the new “CARD Act” rules take effect next year.
According to the Pew Health Group’s “Safe Credit Cards Project,”
advertised credit card interest rates rose an average of 20% in the
first two quarters of this year. In July, median advertised APRs for
purchases on bank issued cards were between 12.24% and 17.99%, compared
to a range of 9.99% to 15.99% in December 2008. Other findings shows
99.7% of bank cards allowed issuers to increase interest rates on
outstanding balances, from 93% in December; 95% of bank cards permitted
issuers to apply payments in a way the Federal Reserve found likely to
cause substantial financial injury to consumers; and 90% of bank cards
had penalty rate hikes with the vast majority imposed by “hair triggers”
of one or two late payments in a year. The Pew data were gathered from
July on nearly 400 cards.

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S-4

MasterCard Canada has congratulates the Canadian Government for its
passage of identity theft legislation, Bill S-4, to fight perpetrators.
Having received royal assent on Oct. 21, Bill S-4 Amended the Criminal
Code on identity theft and related misconduct. MasterCard has joined the
battle against identity theft with developing more secure, convenient
and rewarding payment solutions, most recently with its chip card to
provide greater security in electronic transactions. As a matter of
fact, MasterCard led the introduction of payment card chip technology in
Europe, Asia and now Canada, protecting the Canadian market from global
fraud migration.

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Hypercom Forms Global Data Protection Business Unit

Hypercom has teamed with Voltage Security to bring its Asia-Pacific-based “EFTSec Server” payment data encryption technology to North America, Latin America and Europe. As a result, Hypercom has formed the new “Global Data Protection Business Unit,” to be headed by
TK Cheung, Hypercom’s VP/Global Quality and Security. Cheung is also
Vice Chairman and Chief Technical Officer of The Secure POS Vendor Alliance. Hypercom was the first electronic payment solutions provider to initiate card data encryption with its “EFTSec” technology introduced in 2006. “EFTSec” is already in use by seven major banks and licensed to and implemented by several major terminal manufacturers. Hypercom says it believes end-to-end payment data protection encompasses protecting data throughout its lifecycle—not only encrypting it when in transit but also when at rest in a merchant or payment processing enterprise environment. The scope of payment data protection also includes the use of strong security technology throughout the design, deployment, operation and maintenance of payment terminals and their applications including the loading and storage of debit keys that reside on those devices.

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INSIDE & DCS

INSIDE Contactless and Dynamic Card Solutions (DCS) have partnered to
facilitate and speed the deployment of a new wave of innovative
contactless cards, mobile payment stickers and mobile payment peripheral
devices. This ensures banks will be able to instantly personalize and
activate mobile payment solutions based on INSIDE’s “MicroPass 4000”
contactless and “MicroPass 6000” dual interface payment chip sets. Using
the DCS “CardWizard” software, bank branch personnel will be able to
instantly and securely personalize any of INSIDE’s MicroPass-enabled
contactless or dual interface products in any form factor, including
MicroSD cards, contactless mobile payment stickers and other accessories.

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SMS Alerts Added to the ATIRAreload Card

The Members Group is offering SMS text message alerts to its prepaid “ATIRAreload” card product.
“ATIRAreload” cardholders can elect to receive a SMS text message alert
based on specific event triggers such as low balance, value load and purchase
transactions. They can also send a text message requesting information, such as
account balance. TMG is a wholly-owned subsidiary of the Affiliates Management Company,
which is owned by Iowa credit unions and their members.

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