Discover and Elan Introduce PULSE Select

Discover’s ATM/debit network PULSE has launched “PULSE Select,” a
surcharge-free ATM network alliance with the Elan Financial Services’
“MoneyPass Network.” The new “PULSE Select/MoneyPass Surcharge-free ATM
Network” will provide financial institution participants with access to
more than 16,000 surcharge-free ATMs across the country. Debit
cardholders who use an ATM not owned or operated by their financial
institution typically are charged a surcharge fee ranging from $1.50 to
$3.00 per transaction. The networks say that financial institutions
participating in the PULSE Select/MoneyPass network not only provide a
desired service to cardholders, but also may be able to reduce expenses
associated with providing rebates of surcharge fees.

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BankServ Launches DepositNow Mobile

E-payment provider BankServ has launched wireless payment service “DepositNow Mobile.” “DepositNow Mobile” enables ground transportation, residential services, food services and
mobile merchants to efficiently accept and process paper check or
credit card payments anywhere. Mobile payment capability further extends the robust feature set of
DepositNow, the industry’s leading solution to help small businesses get
paid faster and easier. For users of Quickbooks® and Peachtree®,
DepositNow Mobile provides a powerful system to integrate wireless
payments into the financial software packages they rely on to manage
their businesses. The “DepositNow” solution has enabled businesses to
securely deposit payments to the bank account of their choice while
automatically updating their accounting records. “DepositNow Mobile” is
available immediately to current “DepositNow” users and to financial
institution distributors of “DepositNow”.

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Beyond Commerce Inks a New Processing Deal

Beyond Commerce has signed an exclusive credit card processing agreement with NV-based Credit Card
Processing Consultants. Under the terms of the agreement, Beyond Commerce will market CCPC’s
bankcard services to its customers and share in the revenue of those additional
services. Financial terms of the agreement were not disclosed. Credit Card Processing Consultants
creates
strategic bankcard processing relationships between merchants and
corresponding
banks and have placed millions of credit card transactions for thousands of
business owners in all 50 states.

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APWG and IEEE Requesting Research Papers

The APWG and IEEE have issued a call for research and papers to be presented at the fourth annual
eCrime Researchers Summit to be held in Tacoma, WA on October 20 and 21.
Research papers are invited within a wide variety topic spaces joined by
the common theme of investigating the criminological aspects of
electronic security, including phishing, rogue anti-virus programs,
crimeware, click-fraud, botnets, delivery techniques, detection
avoidance, user interface design as well as forensic subjects such as
electronic evidence handling. The Anti-Phishing Working Group eCrime Researchers Summit was conceived
by APWG Secretary General Peter Cassidy in 2006 as a comprehensive venue
for the presentation of the state-of-the-art basic and applied research
into electronic crime, engaging every aspect of its development
(technical, behavioral, social and legal) as well as technologies and
techniques for its detection, related forensics and prevention.

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Cubic Corp Net Income Soars 48% in Q1

Cubic reported sales for the first calendar quarter of $242.8 million
compared to $210.3 million last year, and net income increased by 48% to
$14.2 million. Transportation systems sales decreased from $72.1 million
in the quarter last year to $68.6 million this year. Sales increased in
North America from a fare collection development contract awarded last
year and from the sale of spare parts. Sales from U.K. operations were
lower this year solely because of a lower average exchange rate between
the British Pound and the U.S. Dollar. A new transportation systems
contract awarded by Transport for London that essentially replaced a
contract that was terminated last year added $244 million. For complete
details on Cubic’s latest results, visit CardData ([www.carddata.com](http://www.carddata.com)).

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Consumer Confidence Shows Signs of Recovery

Consumers are feeling better about the general U.S. economy. The
Discover “U.S. Spending Monitor” jumped a record 4.7 points in April to
84.2. In three months this number went from a Monitor low 8% in February
to a Monitor high in April. The growing economic optimism among
consumers coincided with a sharp drop in the number who thought things
were getting worse. In April, a Monitor low of 51% said the economy was
getting worse, 10 points lower than March and 7 points lower than the
previous low, 58%, set back in July 2007. In April, 50% of consumers
planned on cutting back their discretionary spending. While still
significant, this is the lowest this number has been since March 2008.
Consumers are also showing a little less spending restraint in other
areas as well. Fifty percent of consumers are planning to spend less on
home improvement purchases, down 2 points from March, and 48% are
planning to spend less on major personal purchases like a vacation, down
3 points from March and the first time this number has been below 50
percent since September.

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AB NOTE 1Q/09

Card provider American Banknote S.A reports a 36% increase in revenue
for 1Q/09 for the Brazilian subsidiary. AB Note reported R$40.2 million
EBITDA, 17.9% higher than reported in the first
quarter of 2008 (R$34.1million), and in line with the fourth quarter of
2008; R$21.6 million quarterly net income, 27.1% higher than the first
quarter of 2008. AB Note has acquired three new Smart Card clients:
HSBC, Safra and Unibanco. As of April,
we will supply approximately 1.6 million cards to these institutions,
with revenues in the order of R$7.2 million and signed a new contract
with Detran/SP, valid for 30 months, with
R$83.6 million estimated revenues.

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Oberthur Issues FlyBuy Contactless Stickers

Contactless payment technology provider Oberthur partnered with
Mastercard to develop the “FlyBuy” contactless sticker. The “FlyBuy
Sticker” is a contactless payment device that can be attached to any
surface including a mobile phone, PDA, MP3 player or key ring, allowing
the end user to choose their very own personalized payment device. To
pay, the user simply needs to place the device with the “Sticker”
attached in front of the contactless reader. It can be used as a normal
payment card at any Point-of-Sale terminal accepting contactless. The
“FlyBuy Sticker” is designed to work with existing business models, and
can be personalized on any standard contactless equipment. It upgrades
products already in circulation and provides a cost-effective solution
to assist issuers in increasing market share for low-value payment
transactions.

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mFoundry Beefs-Up its mBanking Suite

Mobile payment solution provider mFoundry has enhanced its “mBanking”
three mode mobile banking product. Upgrades include integrated support
for text banking (SMS) and
alerts, as well as support for mBanking within the mobile web browser
(WAP). The addition of these two new modes makes mFoundry’s mobile
banking product the most complete solution in the market with integrated
SMS, WAP, and mobile applications including native support for iPhone
and iPod Touch. Having deployed
more iPhone apps than any other mobile banking vendor, mFoundry also
offers customers rich application functionality for iPhone and iPod
Touch, which represent a significant percentage of mobile financial
services users.

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PaySecure Now Available at 2Checkout

Payment technology provider Acculynk’s “PaySecure” is now available at
2Checkout.com. PaySecure is the first software-only service in the U.S.
that provides consumers the option to pay for online purchases with PIN
debit. The “PaySecure” graphical PIN-pad appears at the merchant
checkout when it
is determined that a consumer’s debit card can be used with a PIN and is
in Acculynk’s network. Consumers are given the choice to enter their PIN
on the “PaySecure” PIN-pad or run the transaction as signature debit. If
they choose to use PaySecure, they enter each digit of their PIN using
their mouse, hit “Submit PIN” and receive payment confirmation from the
merchant.

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