AMEX & MYUS.COM

Amex (Saudi Arabia) has partnered with MyUS.com to offer its card
members access to US online stores and auction sites. Targeting
cardmembers wanting to make purchases from websites that don’t ship
internationally or do not accept non-U.S. credit cards, MyUS.com offers
users a private U.S. mailing address for international customer access
to the U.S. websites. Cardmembers from Saudi Arabia have traditionally
not been able to order from U.S. merchants who do not ship
internationally. With a US mailing address, however, merchants ship
domestically to the MyUS.com warehouse. Shipments are then held at
warehouse until the Amex (Saudi Arabia) Cardmember requests the
merchandise. MyUS.com delivers items in partnership with DHL and FedEx
global shipping giants, which typically arrive within 1 to 4 days.
FL-based MyUS.com specializes in international package forwarding for
any of more than 195 countries while Amex (Saudi Arabia) was established.

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T-Chek Card Integrates Chevin’s FleetWave

Payment processor T-Chek has integrated Chevin’s “FleetWave” fleet
management system to the T-Check fuel card program.
“FleetWave” is a browser-based enterprise Fleet Management Information
System that delivers comprehensive functionality for complex fleet
operations, mobile workforces, multiple workshops, sites or countries.
“FleetWave” helps solve a wide range of both fleet management as well as
core business issues within your organization. T-Chek Systems
provides private fleets, for-hire carriers, and midmarket companies with
a full range of services that reduce and manage spend including fuel,
travel and expense, accounts payable, and regulatory compliance
services.

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Cold Stone Creamery Card Supports Breast Cancer

Cold Stone Creamery has partnered with NFL receiver, Larry Fitzgerald
Jr., in an effort to raise breast cancer awareness and advance breast
cancer research. In-store and online “Larry Fitzgerald signature gift
card” promotions will generate proceeds to benefit the National Breast
Cancer Foundation. Five percent of the value of each card purchased will
go directly to the Foundation. The cards are available in Cold Stone
Creamery locations nationwide throughout the 2009 football season.
Fitzgerald, whose mother passed away in 2003 while undergoing treatment,
is an advocate for combating the disease with breast cancer research and
awareness. The National Breast Cancer Foundation extends women’s lives
through education about breast cancer and early detection.

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AAA Seeks Overhaul of Debt Collection Arbitration

The American Arbitration Association has asked that a House
subcommittee make inroads to reform consumer debt collection
arbitration. AAA reports that the process surrounding consumer debt
collection arbitration needs major reform and recommended a national
policy committee to identify and research solutions. The AAA has been
working with the Domestic Policy Subcommittee to review potential
improvements in consumer debt collection arbitration procedures for some
time. The AAA placed a moratorium on the administration of any consumer
debt collection arbitration programs. The news follows the decision by
the National Arbitration Forum to exit the credit card dispute area
after a lawsuit was recently filed by the Minnesota Attorney General.
(CF Library 7/23/09)

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Jackson & Coker Visa Targets for Temp Doctors

Jackson & Coker has made available its corporate Visa credit cards for
locum tenens Physicians to streamline out-of-pocket business expenses.
Targeting healthcare professionals, the Visa card implements innovative
service to simplify personal business accounting for business-related
expenses, cash advances or personal items. The spent dollar amounts will
then be deducted from their reimbursement checks with no accrued
interest. The Jackson & Coker Visa provides convenience to certified
health care staffing service, who can immediately use the card. GA-based
Jackson & Coker physician recruitment firm places physicians in over 40
medical specialties as well as advanced practitioners in temporary or
permanent placement practice.

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Washington Trust Bank Renews NYCE Contract

NYCE is Washington Trust’s exclusive provider of ATM and point-of-sale access. NYCE Payments Network
is a leading U.S. electronic payments
network and a Metavante company.
In addition to NYCE participation, Washington Trust employs a full suite
of banking and payments solutions that includes core banking through
Metavante’s Integrated Banking Services (IBS) platform, as well as ATM
support, bill payment and presentment, business and consumer electronic
banking, commercial treasury, customer relationship management,
electronic funds transfer (EFT) and card processing, electronic
payments, loan origination system and Internet Direct (online loan
application portal), merchant servicing, prepaid card processing, risk
and compliance, and wealth management. Washington Trust is the largest privately owned bank in the Pacific
Northwest, with more than $4 billion in assets and more than 40
financial services centers in Washington, Oregon, Idaho, and Utah.
Metavante is a leading provider of banking and payments technology.

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VIPGift Cards Intros CAST Acquisition

TN-based prepaid card solution provider VIPGift has launched the
“CAST”customer acquisition resource.
VIPGift CAST allows sales and marketing executives to improve ROI by
offering tailored incentives to specific audiences instead of
offering a broad rebate to all customers. The tool can issue a wide
variety of incentives, including Visa cards, merchant gift cards,
merchandise or certificates that allow a choice of all three.
Historically, CAST has been used mainly for acquiring new customers
through inbound and outbound telemarketing calls, but it is also
effective in facilitating a variety of face-to-face sales transactions,
including sales efforts in bank branches, auto dealerships, wireless
retail stores and timeshare companies. VIPGift is a provider of
corporate and
consumer incentive programs and prepaid card solutions to the Fortune
500.

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NCR 2Q/09

NCR reported that second quarter net income fell nearly 49% to $23 million as revenue slipped about 16% to $1.12 billion, compared to 2Q/08. Negative factors affecting revenue included foreign currency translation and lower financial product sales in the EMEA region. Revenue for the Americas was off by 13%, Asia Pacific and Japan was down 2% and EMEA declined by 25%. During the second quarter, NCR embarked on a plan to create a new global self-service innovation headquarters and a separate state-of-the-art, clean-energy based manufacturing facility for the company’s next generation of NCR “SelfServ” ATM solutions in Columbus, GA. In Brazil, NCR is committed to creating a new manufacturing and research and development center which will produce advanced ATM’s for Brazil, Latin America and Caribbean markets. In April, NCR purchased TNR Holdings, the second largest DVD kiosk operator in North America, with the goal of expanding the NCR “SelfServ Entertainment” portfolio across the continent as part of its strategic partnership with Blockbuster. NCR also invested in e-Play. For more details on NCR’s second quarter performance visit CardData (www.carddata.com).

NCR REVENUE HISTORICAL
2Q/08: $1.33 billion
3Q/08: $1.38 billion
4Q/08: $1.42 billion
1Q/09: $1.01 billion
2Q/09: $1.12 billion
Source: CardData (www.carddata.com)

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CCAA Collections Up 39.5% at Mid-Year

The Commercial Collection Agency Association collected almost $17 billion. This represents a percentage increase of about 39.5% over the twelve months ending June 2008. In the second quarter of 2009, approximately $4.6 billion in account placement was received by CCAA members. The group says the increased account placement is reflective of the tight availability of credit and a slowdown in sales which has caused a cash-flow crunch for small and medium size businesses. The CCAA is an association of commercial collection agencies that have been CERTIFIED by the Commercial Law League of America.

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U.K. Drives Global Payments’ Q2 Revenue Up 17%

Atlanta-based Global Payments posted a 17% gain in second calendar
quarter revenue to $402 million. The growth was driven by new business
in the U.K., 16% transaction growth in the U.S., and pricing initiatives
in Canada. On a constant currency basis, revenue grew 27%.
However, net income fell 6% year-on-year to $37.6 million for the
quarter ending May 31st. Revenue for North America Merchant Services
rose 3% to $275.0 million for 2Q/09. International Merchant Services for
the quarter nearly tripled to $92.9 million. Second quarter revenue for
the Money Transfer business declined about 15% to $34.1 million. GPN
says that based on current macroeconomic environment, and reflecting its
recent acquisitions, the Company expects fiscal 2010 annual revenue of
$1.69 billion to $1.74 billion. In June, GPN acquired the remaining 49%
interest in its merchant services joint venture in the U.K. from HSBC
Bank. For complete details on Global Payments’ latest results, visit
CardData (www.carddata.com). (CF Library 6/15/09)

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Cap One Posts Q2 Card Profit as Metrics Improve

Capital One posted a second quarter $168 million profit for its U.S. Card business. While the issuer’s credit card metrics remain elevated, delinquency has been declining and charge-offs have stayed in the single digits. Purchase volume of $23.6 billion for 2Q/09 was off 11.6% from the year ago quarter. U.S. managed card outstandings declined 3.4% to $64.8 billion for the second quarter, compared to $67.0 billion in the previous quarter and $68.1 billion for 2Q/08. The managed delinquency rate (30+ days) for U.S. credit cards was 4.77% for the second quarter, compared to 5.08% for 1Q/09 and 3.85% for the second quarter of 2008. The net charge-off rate for U.S. credit cards was 9.23% for the second quarter, compared to 8.39% for the first quarter and 6.26% one-year ago. COF’s revenue margin rose 65 basis points from the first quarter to 14.46%. The number of U.S. card accounts declined by 1.6 million since the prior quarter to 33.7 million, and are down 4.7 million, compared to one-year ago. For complete details on Capital One’s second quarter performance, visit CardData (www.carddata.com).

COF U.S. CARD NET INCOME
2Q/08: $340.4 million
3Q/08: $345.0 million
4Q/08: (-$175.6 million)
1Q/09: $ 2.4 million
2Q/09: $168.4 million
Source: CardData (www.carddata.com)

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GPN 2Q/09

Global Payments posted a 17% gain in second calendar quarter revenue to $402 million. The growth was driven by new business in the U.K., 16% transaction growth in the U.S., and pricing initiatives in Canada. On a constant currency basis, revenue grew 27%. However, net income fell 6% year-on-year to $37.6 million for the quarter ending May 31st. Revenue for North America Merchant Services rose 3% to $275.0 million for 2Q/09. International Merchant Services for the quarter nearly tripled to $92.9 million. Second quarter revenue for the Money Transfer business declined about 15% to $34.1 million. GPN says that based on the current macroeconomic environment and reflecting its recent acquisitions, the Company expects fiscal 2010 annual revenue of $1.69 billion to $1.74 billion. In June, GPN acquired the remaining 49% interest in its merchant services joint venture in the U.K. from HSBC Bank. For complete details on Global Payments’ latest results, visit CardData (www.carddata.com). (CF Library 6/15/09)

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