Visa Extends Olympic Games Sponsorship Till 2020

Visa has announced in Moscow, Russia it will extend its “Olympic Games”
sponsorship for a period of eight years. This ensures Visa will remain
the exclusive payment services sponsor and the only card accepted at the
four “Olympic Games” that follow “London 2012 Olympic Games,” including
the “2014 Olympic Winter Games” in Sochi, Russia, the “2016 Olympic
Games” in Rio de Janeiro, Brazil, and the “2018 Olympic Winter Games”
and the “2020 Olympic Summer Games.” Over the past twelve “Olympic
Games,” Visa has utilized its sponsorship to increase its global brand
leadership, grow Visa transaction volume, expand acceptance in new and
emerging markets and enhance preference for its products and services.
Additional benefits under the new agreements allow Visa to offer clients
and cardholders expanded POS presence, exclusive acceptance programs for
Olympic-related transactions and increased access to unique marketing
programs.

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IPKO VISA PREPAID

IPKO, Raiffeisen Bank, Better Served Kosovo and RevEurope introduced
“IPKO Visa Prepaid Card,” Kosovo’s first prepaid card. Allowing young,
cash-based and mobile Kosovars to spend with plastic and the ability to
send money domestically, top up their IPKO mobile phone accounts or
check balances with a simple text message, the “IPKO Visa Prepaid Card”
allows customers to buy and load cash on the card to shop online, make
purchases in the 28 million merchant outlets where Visa cards are
accepted and withdraw cash from 1.4 million ATMs in more than 200
countries worldwide. Additionally, Raiffeisen Bank customers will have
the ability to top up IPKO mobile minutes from their mobile phones as a
feature offered with the Raiffeisen Bank Visa Prepaid Card, which
Raiffeisen Bank is also launching in Kosovo.

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BankServ and Canon Integrate Deposit Solutions

E-payment provider BankServ has partnered with Canon U.S.A to offer “DepositNow” remote deposit capture solutions.
“DepositNow”and Canon’s “imageFORMULA P-150” mobile personal scanner, BankServ and Canon U.S.A. bring
to market a compact, affordable deposit solution. Using nearly any computer with an Internet connection, in any location,
individuals and businesses can quickly scan checks using their portable
Canon imageFORMULA P-150 personal scanner and securely deposit their
funds through DepositNow to any checking account in the U.S. all
without setting foot in a bank. Canon’s new P-150 personal scanner is
small enough to fit inside a briefcase or laptop bag and measures only
11-inches long, 3.7-inches wide and 1.6-inches high. Powered by a single
USB connection, the imageFORMULA P-150, with its automatic document
feeder, can scan full-size documents, business cards and checks in one
pass. The versatile, multi-function scanner retails at just $295.

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Fiserv’s Financial Segment Q3 Margin Soars 310BPS

Fiserv reported that third quarter revenues declined 4.4% to $992
million, compared to 3Q/08. However, net income rose 47% to $115
million. The financial segment operating margin increased 310 basis
points in the quarter to 29.6% through improved business mix, ongoing
cost efficiencies, and strength in the account processing business.
Fiserv signed 85 electronic bill payment clients in the quarter and a
total of 294 clients in 2009. Additionally, the company added 58
EFT/Debit clients in the third quarter and 164 clients so far in 2009.
Fiserv launched “Acumen,” a new global core account processing solution
for the U.S. large credit union market. During the quarter, Citi Prepaid
signed an agreement with Fiserv to provide millions of prepaid cards
including plastic manufacturing, personalization and fulfillment
services. Also, GreenChoice Bank, a Chicago-based de novo financial
institution, selected Fiserv as its technology partner. The company
expects adjusted internal revenue growth in the fourth quarter to be in
a range of 0% to 2%. For complete details on Fiserv’s third quarter
performance visit CardData (www.carddata.com).

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TSYS Revenues Up 5% from Q2 Despite Exchange Rates

TSYS reported third quarter revenues of $432.3 million, up 4.9% from the prior quarter, but down 1.6% from the year-ago quarter due to foreign currency exchange rates. Nevertheless, the processor says it has been accumulating cash for expansion, adding $76 million in the quarter and $209 million year-to-date to $420 million. For North America Services total revenues were down 8.2% for the quarter to $262 million. International Services revenues slipped 2.2% to $86 million. However, Merchant Services revenue soared 26% to $94 million. For North America Services operating income was down 3.9% for the quarter to $61 million. International Services operating income declined 2.2% to $10 million and Merchant Services operating income increased 2.2% to $17 million. TSYS recently formed TSYS Program Solutions to provide turnkey credit card programs for regional and community financial institutions. For complete details on TSYS’ third quarter performance visit CardData (www.carddata.com). (CF Library 10/14/09)

TSYS REVENUE
3Q/08: $500 million
4Q/08: $439 million
1Q/09: $409 million
2Q/09: $412 million
3Q/09: $432 million
Source: CardData (www.carddata.com)

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VISA & OLYMPICS

Visa has announced in Moscow it will extend its “Olympic Games”
sponsorship for a period of eight years. This ensures Visa will remain
the exclusive payment services sponsor and the only card accepted at the
four “Olympic Games” that follow “London 2012 Olympic Games,” including
the “2014 Olympic Winter Games” in Sochi, Russia, the “2016 Olympic
Games” in Rio de Janeiro, Brazil, and the “2018 Olympic Winter Games”
and the “2020 Olympic Summer Games.” Over the past twelve “Olympic
Games,” Visa has utilized its sponsorship to increase its global brand
leadership, grow Visa transaction volume, expand acceptance in new and
emerging markets and enhance preference for its products and services.
Additional benefits under the new agreements allow Visa to offer clients
and cardholders expanded POS presence, exclusive acceptance programs for
Olympic-related transactions and increased access to unique marketing
programs.

Details

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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