Compass Group to Accept MC PayPass

Contract food service provider Compass Group North America will begin
accepting MasterCard PayPass at select cafeterias. Throughout 2009,
Compass Group will deploy PayPass-accepting Vivotech
4500M contactless readers at check-out lanes across its foodservice
locations. Compass Group will accept MasterCard PayPass in addition to
all other traditional magnetic-stripe payment card brands.
As of 4Q 2008, there are over 50 million PayPass cards and devices
in use at over 141,000 merchant locations worldwide, including
participating BP, Best Buy, 7-Eleven, CVS, McDonald’s, Petco and many
others. PayPass also is accepted at numerous professional football and
baseball stadiums.

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ONLINE RETAIL

Consumers use credit cards to pay for more than eight out of ten purchases in European online retailing. New Research shows that credit cards share rose almost 6% year-on-year. The “Pago Retail Report 2008,” which was recently published by Deutsche Card Services also shows that
that 5.04% of all retail transactions were paid for by offline methods and 11.97% by direct debiting. Their shares in overall e-commerce are only 0.77% and 8.34%. However, offline payment and direct debiting lose ground to credit cards in online retailing.

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WU & FEXCO

Western Union Company has completed the acquisition of the money transfer business of European-based FEXCO. Western Union will now manage and support more than 10,000 consumer-facing locations in seven European countries: the United Kingdom, Spain, Ireland, Sweden, Norway, Denmark and Finland. Under terms of the deal approximately 300 FEXCO employees will join Western Union.

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FISERV BRAND

Banking technology expert Fiserv has introduced a new brand identity. The full integration of CheckFree’s electronic commerce operations within Fiserv has been a catalyst to drive increased innovation and focus the power of Fiserv’s cumulative expertise on helping clients grow their business and increase profitability. All of the company’s businesses have been unified under the new brand and report through two primary operating divisions led by Steve Olsen, former CheckFree Chief Operating Officer and now Fiserv Group President, and Tom Warsop, Fiserv Group President. Fiserv includes: Source Capture Solutions; Corillian Online; Mobile Money; MyMoney; Business Analytics for Premier; and Bank Intelligence Solutions. Fiserv celebrates its 25th year in 2009.

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EURO LEI

The Conference Board Leading Economic
Index for the Euro Area increased 0.5% in January to
92.8 (2004 = 100), following a 1.7% fall in December and a 1.8% drop in
November. The widening interest rate spread and
increasing business expectations in services more than offset a negative
contribution from the Economic Sentiment Index. Despite the increase in
January, The Conference Board LEI for the Euro
Area remains on a general downtrend since June 2007, falling by more
than 14.0% since then. A previous decline of this magnitude
preceded the region’s 1992-93 recession. Meanwhile, The Conference Board
Coincident Economic Index for the Euro Area, a measure of
current economic activity, rose by 0.2% in January to 104.5 (2004
= 100), according to preliminary estimates, after falling 0.4% in
December and 0.3% in November. The Conference Board CEI for the
Euro Area has been trending downward since February 2008. The
Conference Board LEI for the Euro Area aggregates eight economic
indicators that measure activity in the Euro Area as a whole which
include: Economic Sentiment Index; Index of Residential Building Permits
Granted; Index of Capital Goods New Orders; Dow Jones EURO STOXX Index;
Money Supply (M2) and Interest Rate Spread.

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TEXT MESSAGE BANKING

Monitise Americas and Metavante have introduced text message banking services. Metavante is the first provider to deploy the new technology from Monitise Americas. The integration of Metavante payments solutions — including bill pay, prepaid and the NYCE Network — with its mobile financial services creates a clear line of sight to mobile payments and commerce. This type of integration also creates the benefit of making mobile services available to virtually all account holders at a financial institution.

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RECYCLED CARD

Boston-based Arthur Blank has introduced the “AB Recycled FinancialCard” into its “GreenLine” suite of environmentally oriented products. The new card is made from a 100% pre-consumer recycled plastic core (88% recycled with an overlaminate) and is specifically designed for financial institutions for use in credit and debit card applications. The material is specially formulated to have a bright white finish – even whiter than the “AB RecycledCard” Arthur Blank currently offers for commercial customers. The material also meets or exceeds all ISO and ANSI specifications for CR80 payment cards. All “AB Recycled FinancialCards” for financial institutions will be processed at Arthur Blank’s secure Mt. Pleasant, TN facility. Arthur Blank’s “GreenLine” suite also includes the “CornCard USA”, “AB RecycledCard,” “AB BiodegradableCard,” and the “AB HybridCard.”

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Barclaycard US Opens New DE Call Center

Barclaycard US will open a customer contact center in Delaware and will create 300 new jobs by April. Employees of the state-of-the-art
customer contact center, located in Newark, will work in a variety of
operational roles including customer care,
collections, technology, fraud management and human resources.
Barclaycard maintains customer contact centers in Wilmington, Del. and
Wilton, Maine that will remain fully operational. Some Barclaycard
colleagues who currently operate out of the Wilmington, Del. location
will work in the new Newark location. In November, Barclaycard
announced that it is expanding its increasingly
global operations by opening a new administrative office in Long Island
City, New York. Some 200 employees in this location will primarily focus
on credit risk with additional corporate finance and market analytics
functions and will support Barclaycard’s operations globally including
its U.S. card business headquartered in Wilmington.

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Target Posts a $135MM 4Q/08 Card Loss

Target reported that its credit card segment incurred a $135 million pre-tax loss in the fourth quarter, compared with a $189 million profit in fourth quarter 2007. Average receivables in the fourth quarter increased 9.6% to $9.1 billion in 2008. Average receivables directly funded by Target declined 36.2% in the fourth quarter to $3.6 billion from $5.6 billion in 2007, reflecting JPMorgan Chase’s investment in the receivables portfolio. Full year 2008 segment profit declined 80.5% to $155 million from $797 million in 2007. The company added $440 million to the allowance for doubtful accounts in 2008. Full year pre-tax return on the capital invested by Target in this segment was 3.7% in 2008, down from 16.3% in 2007. For complete details on Target’s latest performance, visit CardData ([www.carddata.com](http://www.carddata.com)).

TARGET CARD LOAN HISTORICAL
4Q/07: $8.624 billion
1Q/08: $8.420 billion
2Q/08: $10.22 billion
3Q/08: $8.745 billion
4Q/08: $8.764 billion
Source: CardData (www.carddata.com)

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CashEdge Reports $130 Million Losses Stopped

NY-based financial platform provider CashEdge has stopped over $130
million in client fraud losses. Through its comprehensive risk
management services in 2008, the fraud losses stopped reflect the dollar
value of potentially fraudulent transactions detected and prevented by
CashEdge’s risk monitoring services. CashEdge’s risk management services
leverage
proprietary technology and the insights gathered from managing risk for
the world’s largest financial institutions, to help its financial
institution clients mitigate risk and decrease fraud exposure. These
services prevent fraudulent transactions from being initiated, prevent
repeated fraud from disguised transactions and help in retrieval of
funds after a fraudulent transaction has been executed. CashEdge uses
statistical modeling to highlight patterns, practices, irregular
transactions, other discrepancies and specific activities that suggest
the existence of identity theft or unauthorized transactions.

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BARCLAYCARD CENTER

Barclaycard US will open a customer contact center in Delaware and will
create 300 new jobs by April. Employees of the state-of-the-art
customer contact center, located in Newark, will work in a variety of
operational roles including customer care,
collections, technology, fraud management and human resources.
Barclaycard maintains customer contact centers in Wilmington, Del. and
Wilton, Maine that will remain fully operational. Some Barclaycard
colleagues who currently operate out of the Wilmington, Del. location
will work in the new Newark location. In November, Barclaycard
announced that it is expanding its increasingly
global operations by opening a new administrative office in Long Island
City, New York. Some 200 employees in this location will primarily focus
on credit risk with additional corporate finance and market analytics
functions and will support Barclaycard’s operations globally including
its U.S. card business headquartered in Wilmington.

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MyCoupons.com and GiftCards.com Team

PA-based MyCoupons.com is now offering discounted gift cards via
GiftCards.com. The website allows customers to search for coupons to
their favorite stores. As a result of the new enhancement it also
provides a link on the coupon page that shows the discounted gift cards
that are available for that specific store. The goal of MyCoupons.com
remains the same – provide shoppers with numerous ways to save money via
coupons, coupon codes, and discounted gift cards.

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