M-Payments to Grow at a 35% CAGR Thru 2012

The mobile payment industry will grow at a 35% CAGR for the next five years. A new research report has found that the number of mobile payment users worldwide will total 73.4 million in 2009, up 70% from 2008’s 43.1 million users. Gartner predicts that the number of mobile payment users will reach more than 190 million in 2012, representing more than 3% of total mobile users worldwide. The research firm expects Asia/Pacific and Japan to maintain a larger share of the market
through 2012. While mobile payment penetration in Western Europe is
expected to rise from 0.9% in 2009 to 2.5% percent in 2012, and
from 1.7% to 3% in North America; penetration in Asia/Pacific and Japan will rise from 2% in 2009 to 3.8% in 2012. Mobile payment penetration in Eastern Europe, the Middle East and Africa (EMEA) and Latin America is also expected to exceed 3% by 2012. Gartner defines a mobile payment as paying for a product or service using mobile technology such as a short message service (SMS), Wireless Application Protocol (WAP), Unstructured Supplementary Service Data (USSD) and NFC.

GLOBAL M-PAY USERS
2008: 43 million
2009: 73 million
2010: 98 million
2011: 132 million
2012: 190 million
Source: CardData (www.carddata.com)

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CPI’s Liverpool Plant is ISO Reaccredited

CO-based CPI Card Group’s Liverpool UK plant has completed and
passed its reaccreditations to both the International Standards ISO
9001:2000 for Quality and ISO 14001 Environment. Certification to these
ISO standards is consistent with CPI Card Group’s
global quality approach to card production and personalization. ISO
9001:2008 and 14001 provide the integrated framework and discipline
required to run a world-class personalization bureau. The ISO 9001
Quality Standard is an international standard that is
recognized and used by over 150 countries worldwide. It establishes a
common framework for organizations to document, control, monitor, review
and continuously improve their businesses.

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Sino Payments Targets China/Asia Merchants

Nevada-based Sino Payments has signed a MOU for merchant acquiring
with payment solution provider BCS Holdings. Sino Payments and BCS are
developing a merchant sales and marketing
program for Greater China and other in Asia by the end of 2009 on
behalf of Sino Payments. Sino Payments focuses on providing IP credit and debit card processing services to large retail chains in China and
throughout Asia including supermarket chains and large regional
multinational retailers.

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APRIL LEI

The Conference Board LEI for Australia increased for the second
consecutive month in March. The increases occurred in household gross
disposable income,
retail trade, and employed persons. Industrial production declined in
March. With this month’s gain, the six-month rate of
decline in the leading economic index has moderated, to 2.6% (a -5.1%
annual rate) in the period through March. Moreover, the strengths among
the leading indicators have remained somewhat more widespread than the
weaknesses in recent months. However, the six-month change
in the index remains negative. Meanwhile, The Conference Board CEI for
Australia remains on an upward trend, although its growth over the past
several months can be
attributed primarily to a large jump in retail sales fueled by the
economic stimulus package. All in all, the current behavior of the
leading economic index
suggests that economic activity will remain weak in the near term, but
is likely to improve in upcoming months. The Conference Board CEI for
Australia now stands at 114.0 (2004=100).

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NCO & CCM

NCO Europe Limited has completed the acquisition of Complete
Credit Management Limited, a leading supplier of credit management and
specialized collection services focusing
predominantly on the utility sector in the UK from Severn Trent Services
Group. NCO says the deal with accelerate its expansion into new sectors of the European market. NCO Group is a global provider of business process outsourcing services, primarily focused on accounts receivable
management and customer relationship management.

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M-PAYMENTS FORECAST

The Conference Board Leading Economic
Index (LEI) for the Euro Area increased 1.8% in April to
93.8 (2004 = 100), following a 0.1% decrease in March and a 0.2% fall in
February. The Conference Board LEI for the Euro Area aggregates eight
economic indicators that measure activity in the Euro Area as a whole
(rather than indicators of individual member countries), each of which
has proven accurate on its own. Aggregating individual indicators into a
composite index filters out so-called “noise” to show underlying trends
more clearly. The Conference Board LEI for the Euro Area has increased
by 2.2%
in 2009 after falling more than 15.0% between June 2007 and
December 2008. However, the Conference Board CEI for the Euro Area has
been trending downward since February 2008.

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Plastic Jungle Gift Card Marketplace Lands Funding

Gift card marketplace Plastic Jungle has obtained $4.8 million in its
Series A Preferred Stock Financing. The financing will allow Plastic
Jungle to accelerate its growth through
key new hires, as well as increased marketing and business development
efforts.
The round was led by Shasta Ventures with
investments from Bay Partners, First Round Capital and Harrison Metal.
As part of the round, Plastic Jungle will add two new members to its
board of directors, including Tod Francis of Shasta Ventures and Josh
Kopelman of First Round Capital. Existing board members include Gary
Briggs, Plastic Jungle founder and Chief Operating Officer Tina Henson,
and St. Bernard Software CEO Lou Ryan.

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TRANSCARD FUEL CARD

Prepaid card provider Transcard has launched a fuel card network
targeting to Latin American fleets. The
“TransCard Fuel Card” will be accepted at more than 2200 locations in
Mexico, representing over 25% of the entire fuel-stop market in
the country. The technology will enable fleets to receive real-time fuel
pricing, electronic authorizations and fraud protection. In addition,
the card will allow for cross-border acceptance with a multi-currency
component built in for corporate fuel purchases. TransCard developed
this unique network in collaboration with fuel truck
stops in Mexico, along with a number of fleets that have identified
fraud of as one of their key concerns. One of the most unique aspects of
the card is that it will also offer a payroll component, allowing
drivers to receive their pay on prepaid cards and providing drivers with
a safe and secure method of receiving payroll funds, thereby reducing
the need to
carry large sums of cash. TransCard is a provider of prepaid debit card solutions branded withMasterCard, Discover Network and STAR associations.

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RMS & PCI

BPO outsourcer RMS has achieved PCI Compliance for Visa and
MasterCard for their RMS India operations. The PCI DSS
(Payment Card Industry’s Data Security Standards) is a multifaceted
security standard that includes requirements for security management,
policies, procedures, network architecture, software design and other
critical protective measures. The standard for achieving compliance in
India is identical to that required for U.S. companies, where RMS is
already PCI Compliant. RMS provides working capital
optimization through Business Process Outsourcing (BPO) and Recovery
Services. The company provides its customers worldwide with outsourcing
capabilities in areas such as finance and administration, receivables
(order-to-cash), and customer contact/data entry services.

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INGENICO EXEC

Ingenico has promoted Craig Doyle to the position of Managing Director,
Northern Europe & Australia. Craig Doyle, 36, joined Ingenico UK in 2003
in the sales arena which eventually
culminated in him being promoted to the Sales & Marketing Director for
the region in 2007. During this period he also had responsibility for
the Banking/Acquiring channel within the region. Craig joined the new
Transaction Management
Services division as Head of Global Sales in October 2008. He will
remain in charge of Global Acquirer Business line and will continue to
develop key strategic relationships on a worldwide basis with acquirers,
processors, Payment
Service Providers (PSP) and the introduction of new value propositions
based on Managed Services solutions to these channels. He
succeeds Nick Parsons who will pursue his career outside the Group.

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U.K.’s Faster Payments Marks 1-Year Milestone

Launched on May 27, 2008, the U.K.’s new “Faster Payments Service” has racked up 180 million payments with a total value of just under GBP 70 billion. More than half of all credit card accounts are now payable through the “Service” with four major credit card companies offering the facility to their cardholders. During the year, the sort code checker facility has registered nearly 600,000 hits with customers checking whether they can send money to specific sort codes using the Service.
APACS says the peak day for “Faster Payments” was March 2nd with 5 million payments valuing over GBP 1 billion. CHAPS says its research shows that some UK customers still aren’t aware that the new “Faster Payments Service” exists while some are not sure whether they’ve used it. There is a maximum limit placed on the value of each payment sent
through the service, with the maximum value for Internet and phone payments set at GBP 10,000 and standing orders to GBP 100,000.
VocaLink provides the infrastructure for the “Faster Payments.”

FASTER PAYMENTS STATS
Month Total volume (000s) Total value (GBP m)

May 08 334 209
June 08 4,165 2,266
July 08 6,984 3,621
Aug 08 7,945 3,787
Sept 08 11,656 4,853
Oct 08 15,824 6,162
Nov 08 16,144 5,459
Dec 08 19,737 6,514
Jan 09 18,679 6,208
Feb 09 18,476 6,234
Mar 09 22,950 8,183
Apr 09 21,802 8,007
May 09 22,329 7,736
Source: CHAPS and APACS

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FASTER PAYMENTS

Launched on May 27, 2008, the “Faster Payments Service” has racked up 180 million payments with a total value of just under GBP 70 billion. More than half of all credit card accounts are now payable through the “Service” with four major credit card companies offering the facility to their cardholders. During the year, the sort code checker facility has registered nearly 600,000 hits with customers checking whether they can send money to specific sort codes using the Service.
APACS says the peak day for “Faster Payments” was March 2nd with 5 million payments valuing over GBP 1 billion. CHAPS says its research shows that some UK customers still aren’t aware that the new “Faster Payments Service” exists while some are not sure whether they’ve used it. There is a maximum limit placed on the value of each payment sent
through the service, with the maximum value for Internet
and phone payments set at GBP 10,000 and standing orders to GBP 100,000.
VocaLink provides the infrastructure for the “Faster Payments.”

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