ALADDIN NG-FLASH

Aladdin Knowledge Systems information security has announced the
Croatian bank, Zagrebac(ka bank, has deployed its “Aladdin eToken
NG-Flash” USB-based PKI authentication for “e-zaba” online banking.
Combining smartcard authentication with encrypted flash memory to
provide user authentication, identity and access management tools, the
“Aladdin eToken NG-Flash” offers strong encryption to store and protect
sensitive data. Zagrebac(ka bank is a member of the UniCredit Group, has
approximately 1.2 million clients and 90,000 corporate clients while its
“e-zaba” internet banking portal serves 380,000 users. SafeNet & Aladdin
are subsidiaries of Vector Captial and have a combined history of more
than 50 years’ e-security expertise in more than 100 countries around
the globe.

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REPOWER

Metavante Technologies prepaid and debit card outsourcing has deployed
the first implementation of its MasterCard “rePower” POS prepaid card
reload service. Available to MasterCard and Maestro prepaid cardholders
across Europe, “rePower” makes available its network of top-up
locations. Utilizing the combination of the MasterCard merchant
infrastructure through acquiring partners and its existing POS
infrastructure, Metavante will process the new implementation for
Advanced Payment Solutions’ prepaid card programs. Advanced Payment
Solutions European prepaid card provider offers cardholders its
personalised, embossed, Chip and PIN prepaid MasterCard cards,
MasterCard Worldwide processes approximately 21 billion transactions
each year in more than 210 countries and Metavante Technologies
debit/prepaid card payments processor serves clients in over 30 markets
for nearly 8000 financial services firms and businesses worldwide.

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MOBILE MONEY

Fiserv financial service technology solutions has deployed its “Mobile
Money” m-banking service for Bangkok Bank customers, allowing access to
the Bank’s “Bualuang iBanking” internet banking platform. The secure
Fiserv mobile phone banking solution was launched in 4Q08 and allows
users to view account information, pay bills, transfer funds and top up
their mobile phone account thanks to GA-based M-Com mobile solutions.
The platform’s mobile solutions serve such financial institutions as
Washington Mutual, ANZ Banking Group, Westpac Banking, Electronic
Transaction Services and GE Money and support consumer banking through
SMS, wireless application protocol and downloadable mobile applications.
Bangkok Bank has assets of Baht 1.659 trillion, serving customers
through 800 branches and 6,000 ATMs, M-Com international mobile banking
and payments solution offers and mobile banking across Asia-Pacific and
North America. With a
mobile penetration rate of over 80%, having grown from 44% in 2004, the
Thailand cell phone market is the largest in the region.

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APR VOLUME

Debit card volume is now growing by an annual rate of 45%, as “Gross Rupee Volume” (GRV) hit 17.8 billion rupees in April. Meanwhile, credit card GRV has declined at an annual rate of -12%, dipping in April to 49.3 billion rupees. After peaking at 64.4 billion rupees in October, credit card GRV has declined each month, in tandem with the global recession. Debit card GRV also peaked in October at 19.6 billion rupees, but rebounded significantly in April. According to the Reserve Bank of India, the number of credit card transactions declined 16% in April to 18.5 billion as the number of debit card transactions rose 43% year-on-year to 12.0 billion. At the end of April there were 24.4 million credit cards and 14.1 million debit cards in circulation.

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Triton Upgrades MiniMech Cash Dispenser

ATM provider Triton has joined forces with cash handling tech provider
Talaris to launch an extended warranty for Talaris’ “MiniMech.”
The “MiniMech” cash dispenser includes a bill tray for up to 1,000 notes with an integral
reject area, making it ideal for easy merchant cash replenishment of cassettes.
It is fast, easy to use, simple to maintain, and offers the benefits of feed
performance and reliability expected from a Talaris dispenser. The MiniMech also
features Talaris’ unique “Intelligent Double Detection” which delivers accurate and
consistent detection of doubles even when notes are severely degraded.
Triton customers are provided with protection for 2 years or 12,000 transactions on the
MiniMech when purchased with a new Triton RL1600 or RL2000 model ATM. Customers that
purchase the MiniMech as a part or as part of a kit receive warranty coverage for 12
months or 6,000 transactions.

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YES AMBASSADORS

Before a panel of judges, hundreds of inspirational, optimistic story
entries were narrowed to 12 finalists, which were then sorted through by
2,200 online voters to narrow down six winners of the Western Union
online global search for “yes!” ambassadors. Each winner will be given
the opportunity to choose Mercy Corps, Room to Read, or Academy for
Educational Development as a recipient of US$10,000 in donations from
Western Union, a chance to serve as representatives for the company and
asked to participate in a “virtual” roundtable on migrant issues. The
talented winners of the contest were Kirit Parmar of Ahmedabad, Gujarat,
India, Dickson Oyaro of Minneapolis, Minn, Roy Honjo of Honolulu,
Hawaii, Teresita Drake of Trenton, N.J., Yemane Muzey of New Brunswick,
Canada and Ruben Morales Enterraos of Cuba. The Western Union Company
provides global money transfer services through its network of more than
379,000 Agent locations in 200 countries while the Western Union
Foundation has granted almost $53 million to more than 1,800
nongovernmental organizations (NGOs) in 100 countries over the past 9
years.

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Computerworld Cites MasterCard Workplace

For a fifth year, MasterCard has been named “one of the Best Places to
Work in Information Technology” by IDG’s Computerworld magazine. This
year MasterCard ranked No. 23 among medium-sized
businesses and No. 72 overall. MasterCard Global Technology and
Operations manages technology
operations in 210 countries and territories and manages the MasterCard
Worldwide Network,
which serves as a critical link among financial institutions, businesses,
cardholders and merchants worldwide, processing 21 billion transactions
in 2008. In
addition, MasterCard employees are encouraged to participate in the
company’s holistic
wellness program and take advantage of flexible scheduling options.
MasterCard also provides continuing education programs through
MasterCard University,
which offers hundreds of education and training courses across many
disciplines.
The announcement comes on the heels of the company’s
selection as one of the “Ten Technology Companies to Watch” by Bank
Technology News.

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WIRELESS EXPERTISE

Wireless Expertise has been introduced with the intention
of bridging the market gap, providing rapid development and delivery of
Mobile Value Added Services and Applications for the global market.
Along with Wireless Expertise services will be international
consultancy, service design and development solutions to help brands
overcome barriers to reach out to their customers via the mobile
channel. Founder & CEO Anuj Khanna has 12 years’ experience with international mobile payments, managed content, applications and messaging services to over 100 global mobile operators across 30 countries. The Company plans to expand operations into North America, Middle East, Asia and Africa over the course of the next 18 months.

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BOKU Launches Global M-Pay Service for I-Purchases

A West Coast startup has launched a new global mobile payments service for online purchases that could potentially reach 1.6 billion customers via 170 mobile operators. The firm has picked up funding, acquired two established companies and formed a top management team. San Francisco-based BOKU has raised $13 million in venture capital investment led by Benchmark Capital, with participation from Index Ventures and Khosla Ventures. The Company also acquired Paymo, based in San Francisco and the Mobillcash business, originally founded in the UK. BOKU also named Mark Britto as CEO, formerly with Amazon, Ingenico, and FirstUSA; Paul McGuire, previously founder & CEO of Paymo and founder of mBlox; James Patmore as Managing Director of EMEA; and other executives with experience in finance and technology companies including AT&T Interactive, PayPal, Apple, FICO, Google, O2 UK, Bank of America and eBay.

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MINDARK & NEOVIA

NEOVIA Financial independent global online payments has deployed
services for the Massively Multiplayer Online Gaming (MMOG)
multi-billion dollar global market, having inked contracts with MindArk
MMOG. With these development, NEOVIA will be providing MMOG global
payment solutions for the exchange of virtual products and services. An
industry projected to increase to $9 billion by 2010, the MMOG market
subscriptions, virtual land, retail products and services now support
the NEOVIA Payment Suite consisting of fraud control, anti-money
laundering policies and e-wallet solutions. This payment suite
additionally manages payment-demanded capabilities with local deposit
options, local languages and local currencies in countries offering only
limited online credit card use. NEOVIA Financial is trusted by consumers
and merchants in over 160 countries to move and manage billions of
dollars annually.

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ActionOptimizer for EDS Test Cuts Charge-Offs 14%

ALI Solutions, f/k/a Austin Logistics, reports that after a year-long pilot of an “EarlyDetection System” it has been successful in cutting charge-offs. The “ActionOptimizer” for early detection scores new accounts on the first day’s transaction activity. The system aggregates application and bureau data with the day-one transaction activity to produce a risk score that predicts the likelihood that the cardholder will quickly run up balances and not pay them off. ALI’s test client recorded a 31% reduction in balances more than 30 days past due and a 23% reduction in number of accounts more than 30 days past due, compared to a control group. Charge-off balances are down 13.7% and charge-off rates are down 4.5%. However, customer attrition rates have not increased. “ActionOptimizer” can be deployed as a direct implementation as well as hosted through a card processing platform.

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