Visa and Marriott Intro MegaBonus Promo

Marriott Rewards is allowing its members to 2,500 earn points for every
stay paid with their Visa Card through its “MegaBonus” promotion.
Starting with their second stay, up to a maximum 25,000 points,
“MegaBonus” members must register by October 31, 2009 and stay at any of
the 3,000 participating hotels between September 15, 2009 and January
15, 2010. Members can log onto MarriottRewards.com/PromoProgress to view
their bonus progress. Participating hotels include the Marriott &
Resorts, JW Marriott Hotels & Resorts, Renaissance Hotels & Resorts;
Courtyard by Marriott; Residence Inn by Marriott(; Fairfield Inn by
Marriott; TownePlace Suites by Marriott; SpringHill Suites by Marriott;
and Marriott Vacation Club International. The promotion is restricted by
no blackout dates.

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JUNE LEI

The Conference Board Leading Economic Index (LEI) for Korea increased
for the fifth consecutive month by 1.5% while The Conference Board
Coincident Economic Index (CEI) increased 1.3% in June. With the 1.5%
increase in June, The Conference Board LEI for Korea now stands at 105.6
(2004=100), which increased 0.6% in May and increased 2.0% in April,
while the CEI now stands at 108.5 (2004=100), which increased 0.7% in
May and increased 0.7% in April. Contributing factors to the LEI gain
were real exports FOB, the (inverted) index of inventories to shipments,
value of machinery orders, and letter of credit arrivals while negative
factors include private construction orders, the (inverted) yield of
government public bonds, and stock prices. Throughout 1H/09 the Korea
LEI saw increases totaling 4.0% while the CEI increased 3.7%.

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Apriva Class A-Certifies HYC SPOS32

Apriva has Class A-certified Hypercom’s “SPOS32” payment software on the
“Optimum T4230” terminal. The PCI PED-approved terminal features
long-range GPRS with dial backup 32-bit multi-application processing and
24MB memory to accommodate value-added gift and loyalty programs. This
allows credit, debit, gift, loyalty and check transactions on the
“T4230” to be conducted using Apriva’s “Intelligent Gateway,” certified
with all major North America-based merchant processors. The terminals
also can conduct online reporting, order processing, terminal real-time
provisioning and comprehensive customer management. Apriva wireless
solution provider integrates hardware, software and network
infrastructure in the POS and Secure Mobile Messaging markets while
Hypercom offers high security, end-to-end electronic payment products
and services.

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PNC Virtual Wallet App Now Available

PNC Bank has rolled out the “The PNC Virtual Wallet App” for iPhone and iPod.
“Virtual Wallet”, featuring three accounts combined in one, is a simple
and visual online banking tool built with and for Generation Y to help
them manage day-to-day expenses, plan and save. The features and
functionality match the money mindset and financial lifestyle of this
tech-savvy generation of consumers which include “Weekly View”, an at-a-glance summary of your overall financial
situation for the upcoming week; see balances with the Money Bar and
also the last five transactions; “Tap to Transfer” which allows the user to tap and drag the interactive slider on
the Money Bar to transfer money between accounts; use the roller to fine
tune the transfer amount and”Shake the Pig” to transfer money into
the Growth account. Virtual Wallet can be opened online at www.pncvirtualwallet.com, over
the phone or in any PNC branch.

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DCS Launches Instant Issuance Card Designs

DCS GALLERY
Dynamic Card Solutions instant card issuance and PIN selection provider has introduced “The Gallery” collection of pre-approved card background designs. The more than 100 “The Gallery” images, from multiple design categories, were designed to appeal to consumers and unembossed instant card issuance programs. Formatted for DCS’ “CardWizard” FCP 20/20 flat card printer, and pre-approved by Visa and MasterCard, “The Gallery” images allow financial institutions to select the card background images and DCS will integrate the designs into the bank’s instant issue program, hand delivered to the customer at the time of their visit. DCS develops instant issuance, PIN selection and PIN change solutions for banks, credit unions and retailers that issue EMV, contactless and magnetic stripe cards.

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ISLAMIC RETAIL CONFERENCE

Under the Endorsement of Dubai Chamber, the World Islamic Retail Banking
Conference will be held in Dubai on October 12-14, 2009. With Shariah
compliant banking services increasingly becoming part of the banking
mainstream, regional banking professionals will discuss the
opportunities for global expansion available to Islamic banks in the
retail banking sector. Core issues being addressed are to include global
trends in Islamic banking, capitalizing on opportunities due to the
meltdown, Islamic mortgages and retail asset management. Supporting the
event are Noor Islamic Bank as Platinum Sponsor, Ajman Bank as Premium
Gold Sponsor, ITS as Gold Sponsor, Dubai Islamic Bank, LUUP and
Infrasoftech as Silver Sponsors, First Community Bank as Bronze Sponsor,
Apvision as Associate Sponsor, Infosys as Lead Technology Partner and
Qatar Islamic Bank as Supporting Partner.

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Javelin Explores Underbanked Businesses

A new report released by Javelin Research examines underbanked
businesses and the untapped opportunities for bank marketing.
Under-banked businesses (UBBs) have not yet established a
business banking account: they hide in the consumer banking platforms,
possibly paying lower account maintenance fees, but eventually needing
specialized services, such as payroll, remote capture, and credit
products to grow. The report examines how are UBBs and small banked
businesses fundamentally different than other online bankers and how do
under-banked businesses and small banked businesses differ in their
banking behaviors from other online bankers; how should banks or credit
unions refine their small business
banking offerings and what additional services or features do they need;
the indicators banks should look for to identify under-banked
businesses “hiding” on consumer platforms to market a more mutually
beneficial banking relationship and how valuable are small banked
businesses and under-banked businesses to FIs?

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CLICKATELL & FUNDAMO

Clickatell and Fundamo have partnered to deliver mobile banking
solutions to financial services institutions. The partnership has its
sites set on the US$5 billion growth in mobile banking projected over
the next three years in emerging markets. Offering convenience and
security while advancing un- and under-banked market by reducing the
need for physical branch, Clickatell and Fundamo are both experienced in
mobile banking, mobile wallet, and mobile money transfer services to
financial services institutions and mobile network operators.
Clickatell’s banking customers have already seen a 40% reduction in
fraud across its 775 networks by offering real-time SMS alerts to 8,300
financial institution customers in more than 200 countries.

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ITS Visa Payroll Card is Introduced

OK-based Interactive Transaction Services has partnered with STAR
Financial Bank to offer the “ITS Visa Payroll Card” to Indiana employers.
The “Visa Payroll Card” offered by ITS has many features that make it
unique, including a built-in remittance capability that allow
cardholders to send money to family members in Mexico and 13 other Latin
American and Caribbean countries at a price of $6. This is far less than
the national average. ITS will also begin offering Bill Pay and Mobile
Banking to cardholders. It is these features that make it particularly
attractive in STAR’s area. STAR bank holds
assets of $1.7 billion and operates 46 banking centers throughout the
state. ITS is a transaction processing subsidiary of Central National Bank.

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AIG & CCB

American International Group has agreed to sell 100% of its shares
of AIG Finance (Hong Kong) to China Construction Bank Asia for $70
million cash, plus the repayment of intra-group indebtedness and
deposits of approximately US$557 million. AIG Finance issuer of credit
cards in Hong Kong operates as a restricted license bank that offers a
variety of financial products and services. Deutsche Bank acted as
financial advisor to AIG on this transaction. AIG Finance had more than
500,000 customers, total net loan receivables of HK$4.8 billion and a
retail deposits balance of HK$1 billion. The transaction is subject to
approvals by appropriate regulatory authorities.

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