MAY LEI

The Conference Board Leading Economic Index (LEI) for Spain decreased
.1%, following a 6 month rate of decline total of 2.3%, while The
Conference Board Coincident Economic Index (CEI) decreased .5% in May.
With the .1% decrease in April, The Conference Board LEI for Spain now
stands at 105.8 (2004=100), which decreased 0.6% in March and increased
.2% in April, while the CEI now stands at 101.6 (2004=100), which
decreased 0.8% in March and decreased 0.5% in April. LEI results for the
month were attributed to order books survey, the Spanish equity price
index, the Spanish contribution to Euro M2, capital equipment component
of industrial production and the inverted long-term government bond
yield. Job placings remained unchanged.

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Global Payments Lands a $300MM Loan

GA-based transaction processor Global Payments has secured a $300
million, three-year, unsecured term loan.
Global intends to use the proceeds to pay down its existing $350 million
revolving credit facility which was used to pay for the $307.7 million
acquisition of the remaining 49% ownership in the U.K. joint venture
with HSBC. The company structured the loan as a $230 million U.S.
dollar tranche and a $70 million equivalent
British Pounds Sterling tranche (44 million in local currency) to better
leverage cash flow generated by its operations in the United Kingdom.
The term loan has a variable interest rate based on LIBOR plus
applicable margin that varies with the company’s leverage position and
expires in July 2012.

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MPLS/PCI Compliance Webinar is Slated

Communication service provider MegaPath will offer the “Future Proof
Your Network with MPLS and PCI Compliance”
webinar on July 14th. The webinar will cover optimizing retail
applications and future-proofing networks to be
both efficient and flexible, reducing costs by connecting all store
applications over a single
high-speed, PCI compliant network; removing WAN PCI compliance hurdles
through use of MegaPath MPLS VPN;
utilizing Managed Security Services to promote PCI compliance; building
scalability and flexibility into a network to
accommodate changing bandwidth and connectivity and enhancing
operational efficiency through prioritization to ensure
bandwidth is available as needed for mission critical applications via
use of MPLS to achieve Quality of Service (QoS).

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PDM SOFTWARE

New software that predicts potential credit card delinquency has
produced a 15% reduction in the default value during a recent U.K.
trial. Portrait Software has introduced “Pre-Delinquency Management” to
identify ‘at risk’ customers at an early stage, selecting and monitor
appropriate treatment strategies. Using its analytics software the study
identified a group of 100,000 customers likely to have difficulty
meeting their credit card payments in the next three to six months.
Identification criteria included increased credit limits, balances
reaching the credit limit and changes in spending patterns. In the
three-month analysis, Portrait demonstrated a 2% reduction in the number
of defaults, a 2.5% reduction in default rates and a 15% reduction in
the default value. Among Portrait clients: Lloyds Banking, U.S. Bank.
Nationwide Building Society, Bank of Ireland and Bank of Tokyo.

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ARTEMA MODULAR

Selected over other global payment providers, Hypercom Corporation has
deployed its “Artema Modular” for IBM’s self checkout system in five
test sales outlets throughout Bavaria. The first phase of deployment
comprises of 20 self checkout systems, after which the IBM/”Artema
Modular” solution will be rolled out to several larger stores in
Southern Bavaria. “Artema Modular” unattended card payment solution was
first introduced at the end of 2005 and can now be found in self-service
machines across Europe, the Middle East, Asia Pacific and North America
while Hypercom Corporation delivers high security, end-to-end electronic
payment products and services, allowing businesses in more than 100
countries to securely expand their revenues and profits.

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Affinion Offers Credit CARD Act Webinar

CT-based Affinion Group will host a webinar on July 21 that focuses on the “Credit CARD Act of 2009.”
The webinar will address changes to current business practices mandated by specific provisions
of the Act; timeline and process for implementation, including the role various
legislative and regulatory parties will play in oversight of the Act and other implications of the Act. Affinion provides
programs in subscription-based lifestyle services, insurance and other areas to
help generate increased customer loyalty and significant incremental
revenue formore than 5,500 affinity partners worldwide.

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CENT KISAN GOLD CARD

Central Bank of India has implemented its latest credit card scheme,
‘Cent Kisan Gold Card,’ supporting people engaged in farming and allied
activities. Offering credit limits of up to Rs 10 lakh for a period of
five years, the “Cent Kisan Gold Card” credits for such asset purchases
as farm equipments, tools, pumps and tractors and offers lending on
housing loans of up to 8%, on crop loans of up to 7% and agricultural
loans up to 8.5%. The bank will also avail consumption loans of up to Rs
50,000 or mortgages of up to Rs 2.5 lakh for people engaged in
farming-allied activities. India e-payments have seen 60% growth since
2005, while the retail epayments market is likely to grow nearly 70%
before 2011 and retail e-payments value should reach US$150 billion to
$180 billion by 2010. India has 130 million payment cards in
circulation, a figure predicted to hit 210 million by 2010. (CardFlash
International 10/08/2008).

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OpenCard to Adopt CardSwitch Technology

London-based CardSwitch Technology and Bogata-based OpenCard have teamed to fight payment card fraud. The CardSwitch technology enables cardholders to put an electronic lock and key on their card accounts, making it futile for hackers and fraudsters to skim cards. When a cardholder decides that his card will not be used for any ATM transaction abroad, he can lock his card account, making it impossible for fraudulent out of country ATM transactions to occur. The same control can be applied to card-not-present transactions, out of country card payments and local ATM transactions. OpenCard’s solutions control 58% of the total active cards in Columbia. The Company has customers in Colombia, Costa Rica, Puerto Rico, Venezuela, Panama and the U.S.

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ACS BRT

Affiliated Computer Services has been chosen to provide the City of Lima
(Peru) contactless ticketing for its Bus Rapid Transit (BRT) line. In
doing so, ACS will operate the system for a 14-year period under the
$200 million contract with Protransporte. System operations include
supplying and operating a fully integrated fleet management and
ticketing solution to cover the needs of the BRT system, which is
intended to carry over 700,000 passengers a day. The ticketing solution
is based on smart contactless cards that will be controlled at each
station by gates and sold by Automatic Ticket Vending Machines and
manned Point of Sale terminals. ACS employs 74,000 people supporting
client operations reaching more than 100 countries.

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DB2

Managing 6.4 billion payment and card transactions every year for 60
million cardholders, SIA-SSB Information and Communication Technology
implemented BMC Software’s Mainframe Service Management solutions to
transform its “DB2” reorganization process. This allows SIA-SSB to
deploy optimized card-processing availability, performance, and data
integrity, reduced CPU time by 80%, increased “DB2” availability by
eliminating application timeouts, allotting the team more flexibility to
reorganize more frequently, increased application response time and
reduce time needed to migrate data between systems. The SIA-SSB Payment
Card Business Unit processes payment cards for commercial banks in 11
European countries for 60 million cardholders, over 1 million merchants
and as many as 3.7 billion payment transactions every year.

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Smart Devices and 3G Accelerate M-Banking

An inaugural study finds that mobile financial services adoption is
highly dependent upon device technology and high bandwidth networks.
The new comScore report found that mobile Web browsing ranked as the
most popular method for both smartphone (44%) and 3G users (53%),
followed closely by mobile applications (48% of 3G users and 41% of
smartphone users). Interestingly, the percentage of mobile bankers who
used texting (SMS) for access to their account information was
substantially higher among 3G users (41%) than Smartphone users (25%).
comScore concludes that the acceleration of mobile banking requires a
seamless mobile banking user experience. Financial institutions hoping
to capitalize on this quickly emerging consumer banking trend need to be
ahead of the curve and understand how consumers are using the mobile
channel today and how they would like to use it in the future.

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Veritec’s VeriSuite to Offer the VSCode

Mobile banking debit card solution provider Veritec has released its
“VeriSuite” card enrollment system.
The VeriSuite system is a user friendly and cost effective solution
that gives governments and businesses the ability to provide cardholders
with an identity card containing Veritec’s patented 2-D matrix symbol,
VSCode. The VSCode is the key for data security. The VSCode may have
multiple encryption layers and the symbol has enough capacity to store
personal data, fingerprint and/or facial image data, and other
identifying information utilizing Veritec’s custom templates for each
card type.

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