CUP DATA

China UnionPay Data Services (CUP Data) has signed five new long-term
bankcard processing agreements. The new agreements include credit card
processing contracts with Yaodu Credit Cooperative; Shandong Provincial
City Commercial Banks Alliance; Yunan Rural Credit Union; Guangxi Beibu
Gulf Bank; and a prepaid processing contract with KargoCard. CUP Data, a
joint venture between TSYS’ and China UnionPay, also won several major
domestic and international awards during the last six months. Three of
its systems were all recognized as “Most Excellent Software Products” by
the Shanghai Software Industry Association while its implementation for
Citibank won “Best Retail Payment Project Award 2009” from Asian Banker.
China UnionPay Data Services signed more than 60 credit-, debit- and
prepaid-processing client banks at year-end 2008.

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Triton Systems of Delaware Moves

ATM manufacturer Triton Systems of Delaware has moved its corporate
headquarters to the Long Beach Industrial Park. This development is
thanks to sizable investment in the production facility and was
facilitated by the consolidation of staff from two Triton locations in
Long Beach to the new building. This announcement is a follow up to
plans that have been progressing for a number of years. The headquarters
is in addition to company establishments in Canada; the United Kingdom;
China; Australia; and Memphis for training and repair. Established over
30 years ago, Triton ATMs can be found in 200,000 locations in over 24
countries, offering US-designed and assembled products in addition to
customer support, parts, service and training.

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Two of Ten Victimized by Card Fraud Globally

A new survey has found that 18% of consumers in eight technically
advanced countries have been victims of credit or debit card fraud over
the past five years. Regionally, 27% of respondents have been hit by
card fraud in the U.K. and U.S. during the same period. This compares to
eight percent in Germany and 15% in Australia, China and Singapore. The
ACI Worldwide report also discovered that almost half of respondents
said that they would change banks, or at least consider it, if they or
someone they knew was hit by card fraud. The least forgiving consumers
are in Dubai, Brazil and Singapore, where a third would change banks,
while respondents in the U.K. and U.S. appear more lenient as half of
all respondents suggest that it would depend on the service delivered by
their financial institution following the fraud.

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UBC Starts Shipping Free ECRs

United Bank Card has shipped the industry’s first electronic cash
register (ECR) with integrated credit card processing as part of its
free ECR program. The UBC free ECR program offers two different packages
for retail and restaurants. The restaurant package utilizes a “Casio TK
1550” electronic cash register while the retail system will include a
“Casio TE 1500,” both utilizing exclusive credit card technology for
completely integrated transaction processing. In conjunction with this
introduction, UBC has established a back office and deployment center to
support the systems with 24-hour customer service. This will allow
merchants to easily customize the keypad layout of their register
through the online wizard. UBC currently handles the merchant accounts
for over 100,000 locations and processes in excess of 9 billion dollars
annually.

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SERVERSIDE M-APP

Serverside customization technology and marketing specialist has
launched its financial card designer for mobile phones. This comes after
a successful trial on Nokia handsets with Dutch bank, ING, in
Amsterdam’s Schiphol airport. The mobile phone ‘app’ pilot supported a
financial card design competition
by encouraging participants to put their holiday photos on debit cards
with chances to win EUR1,000. This also allowed participants to
experience personalized cards for themselves and for Serverside to gauge
public acceptance. The mobile card design interface can generate ID
cards in-branch and enhance outdoor marketing events through assisting
new account generation. Around 40% of the world’s population uses mobile
phones and is expected to grow to 60% by 2011. This provides significant
opportunity for the banking world to introduce mobile product and
service offerings. Serverside offers more than 700 card programs through
its network of approximately 200 card issuers in 23 countries.

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JUNE LEI

The Conference Board Leading Economic Index (LEI) for the Euro Area
increased for the third month in a row by 1.5% while The Conference
Board Coincident Economic Index (CEI) decreased 0.2% in June. With the
June increase, The Conference Board LEI for the Euro Area now stands at
95.9 (2004 = 100), which increased 1.7% in May and increased 1.6% in
April, while the CEI now stands at 101.3 (2004 = 100), which decreased
0.3% in both May and April. The Conference Board LEI for the Euro Area
aggregates eight economic indicators that measure activity in the Euro
Area as a whole. Aggregating individual indicators into a composite
index filters out “noise” to show underlying trends more clearly.

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Home Depot to Accept MasterCard PayPass

Home improvement retailer The Home Depot is now accepting MaterCard
“PayPass”.
PayPass will be a new payment option at Home Depot’s 1,974 retail
locations across the United States.
As of Q1 2009, over 55 million PayPass-enabled cards or devices had been
issued, more than doubling the number of cards and devices in
circulation around the world in one year. In addition, according to
MasterCard research, 41% of consumers say they use cash less
often today than they did two years ago. Of the consumers who have a
PayPass-enabled card or device, 77% say they use it as their
primary form of payment. In fiscal 2008, The Home Depot had sales of
$71.3 billion.

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California Coast Issues PayPass Cards

San Diego-based California Coast Credit Union is offering its 140,000
members “MasterCard PayPass” debit cards.
In partnership with its card processor TMG (The Members Group),
California Coast Credit Union began providing new members with
PayPass-enabled debit cards in July 2009 and will begin replacing many
other existing members’ debit cards with PayPass-enabled debit cards.
California Coast Credit Union holds close to $2 billion
in assets, has a network of nearly 25 branches and is a
member of the surcharge-free CO-OP ATM network with over 28,000 ATMs
nationwide. TMG provides innovative and flexible card processing and
payment
solutions to credit unions and financial institutions.

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ACS Names New Healthcare Payer Executive

ACS has named Connie Harvey, previously its managing director of the

Healthcare Payer division, as its new group president, Business Process
Solutions. She will oversee ACS’ Commercial Healthcare, Insurance and
Financial Services lines of business. Previously, Harvey was managing director of the Healthcare Payer and
Insurance delivery unit for ACS, nearly tripling annual revenue in five
years. As a result of Harvey’s focus on quality, customers in the
insurance and payer line of business now report the highest customer
satisfaction levels in company history. While managing director, Harvey
oversaw business development, technology development and client
relationships. Healthcare Payer & Insurance Services supports more than
35 major payer and insurance organizations and nine of the top 10 payer
companies. Harvey fueled strong growth by adding 16 new customer logos
to the portfolio and nearly doubling revenues over the past three years. She joined ACS
in 2001 when ACS acquired National Processing Company in Montego Bay,
Jamaica. Harvey graduated with distinction from Iowa State University
with a Bachelor of Science in Industrial Engineering.

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WARSAW CARD

The first stage of the infrastructure installations for Warsaw’s multi-application, contactless “City Card” has been completed.
On Track Innovations’ ASEC division reports that more than 100 loading points, including ticket vending machines and terminals, have been installed to-date. OTI acts as an e-ticketing and parking operator for “Warsaw City Card” for the Transport Department of the City of Warsaw. The Company provides a sales network system, infrastructure, distribution service and maintenance for loading transportation and parking electronic cards around the city. OTI says direct revenues generated from transaction fees are expected to aggregate to more than $10 million over the next 5 years.

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Nearly Half of Americans Want to Reduce Card Usage

A new survey has found that three in ten Americans say the recession has “added stress to,” “strained,” or even “ruined” their marriage/relationship. American love lives have been the hardest hit compared to just 12% in Germany, 24% in France and 23% in Canada. The global survey commissioned by ING DIRECT also found that 46% of Americans want to avoid credit card purchases to save money while the number in Germany is 11% and 17% in Italy. Additionally, 40% of Americans say the current economic situation will cause them to retire at a later age. Of those Americans who said they will retire later, 34% think they will have to work ten or more years than originally planned.

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