InsurCard Visa Prepaid is Launched

InsurCard has teamed with First Insurance Company of Hawaii to offer the
“InsurCard Visa Prepaid Card” to pay out insurance claims.
Through this partnership, First Insurance Company
of Hawaii is now the first insurance company in Hawaii to be able to
provide immediate relief to its customers in the event of an emergency.
In the event of a hurricane or other major disaster, First Insurance
policyholders may be eligible to receive funds to cover their immediate
needs. Traditionally, the practice has involved issuing a check to a
policyholder. The problem with that is in many natural disasters there
is nowhere for the policyholder to turn to cash their check. By using
the “InsurCard Visa Prepaid Card”, issued by The Bancorp Bank, First
Insurance Company of Hawaii can provide immediate relief to its valued
policyholders. First Insurance Company of Hawaii is the oldest and largest
property and casualty insurer domiciled in Hawaii, with assets totaling
more than $604 million and liabilities of $409 million at September 30,
2008.

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BASIC-CARD

ZeitControl cardsystems has introduced the first smart card costing less than one Euro. Applications like E-Purse, Identification Card, Medical Card, Gift and Loyalty Card can simply be developed in BASIC and are fully compatible with ISO 7816. Encryption technology like AES, DES or ECC is included. ZeitControl says a development kit is available for 59 euros too.

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PRIZM & POSTILION

Self service payment provider Postilion has teamed with India-based
Prizm Payments to implement a Postilion payments processing platform.
Prizm Payments
provides secure payments services for financial institutions, retailers,
and service providers, across multiple electronic channels.
Prizm Payments identified an opportunity to offer innovative ATM and
POS services to
financial institutions and retailers. Postilion allows Prizm Payments to
establish a
world-class ATM and POS network across India. Prizm Payments will
introduce a comprehensive payments services infrastructure to India,
comprising of retail ATMs, POS services, third-party maintenance
services, and prepaid card services. Prizm Payments is
led by a management team with extensive experience in the payments
industry and with Sequoia
Capital as a financial investor and was created to develop a
self-sufficient nation-wide modern payments ecosystem for financial
institutions, retailers and service providers. Postilion is a leading
provider of integrated solutions for self-service banking and payment
processing that drive self-service
financial transactions and payments, including advanced transactions
such as prepay, through Internet access points, ATMs, POS
terminals,phones and for more than 100,000 ATMs and 500,000 POS
terminals worldwide.

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Monitise/Metavante Launch 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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America First CU Shows Prepaid Card Success

UT-based America First Credit Union has renewed its prepaid gift card partnership with IA-based The Members Group. America First sold nearly 26,000 gift cards in 2008. Since becoming a TMG client in 2006, America First Credit Union has been able to offer its membership customizable picture cards within its gift card program. America First is the 12th largest credit union in assets in the USA with $4.4 billion in assets. TMG’s core products include credit, debit, ATM and a variety of prepaid solutions, as well as online reporting, item processing, ACH and ALM and services.

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PayPal Offers the New Guard Dog Service

Identity protection service Guard Dog is now available through PayPal.
PayPal is Guard Dog’s newest addition to its
continuing expansion of consumer payment processing methods. The move is
in response to more sophisticated payment methods dictated by today’s
expanding consumer client base.With
PayPal, Guard Dog customers can utilize direct bank transfers, debit
card, or credit card payment transactions. The utilization of PayPal
payment transactions represents a significant and largely untapped
revenue streams for Guard Dog’s identity protection services.

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Pipeline Data Completes Restructuring

Payment processor Pipeline Data has completed restructuring agreements
with convertible noteholders and holders of a $16 million put claim.
Under the terms of the transaction, the current $37 million, 8% coupon
convertible notes due June 29, 2010 have been restructured to a $42.1
million loan, with a 10% coupon until June 30, 2010 and a 14% coupon
until June 30, 2011. The Company has the option to extend the notes for
an additional year until June 30, 2012, at its sole discretion. As
restructured, all convertible equity features have been removed from the
notes and all 11.1 million detached full-ratchet warrants have been
terminated. ComVest Investment Partners III, an affiliate of the ComVest
Group, led
the $15 million initial investment in cash for the purposes of
restructuring the balance sheet and acquiring new merchant account
portfolios and other operating companies. As part of the investment, the
Company has issued Pipeline Holdings, LLC a $15 million face amount
preferred convertible stock instrument convertible into Common Stock of
the Company at 12.2 cents per share with a 16% payment-in-kind (PIK).
In addition, the put right on 9,398,058 shares of Pipeline Data’s Common
Stock held by the former shareholders of Charge.com, Inc., which was
redeemable for almost $16 million with interest accruing at 18%, has
been settled in full for $2 million in cash and the return of the
Charge.com name with related domain rights. The 9,398,058 shares of
Pipeline Common Stock have been returned to the Company and will be
canceled.

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Vanguard Networks Intros 3480 ASG

Communication provider Vanguard Networks has introduced the “3480 ASG”
application service gateway for voice and data services. The new
platform comes with numerous new
capabilities as part of the company’s newly introduced “Applications
Ware 7.2” suite, and is designed to bring the widest combination of IP,
TDM and serial voice and data access services to multi-site branch
locations. “Vanguard’s Application Ware Release 7.2” makes a broader array of managed services available for the branch office, enabling up to four routable Ethernet ports for simultaneous WAN access or LAN-based users with features such as IP-phones, office desktops or IP-based Point-of-Sale (POS) devices. New de-militarized zone (DMZ) capability protects reliable access to resources and repels external threats.
Quality-of-Service (QOS) prioritization of encrypted voice traffic
delivers a boost to voice services.

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EURONET 4Q/08

Euronet Worldwide posted fourth quarter revenues of $255.7 million, down slightly from 4Q/07. However, a net loss of $201.8 million, compared to net income $19.6 million for the year ago period.
The EFT Processing Segment reported revenues of $50.3 million, compared to $49.8 million for the fourth quarter 2007. Transactions of 184.9 million, compared to 169.8 million for the fourth quarter 2007. The EFT Processing Segment ended 2008 with 10,128 ATMs operated compared to 11,347 ATMs at the end of 2007. The Prepaid Processing Segment reported revenues of $145.4 million for the fourth quarter, compared to $155.4 million for 4Q/07. Transactions were 195.9 million for 4Q/08, compared to 172.7 million for the fourth quarter 2007. The Prepaid Processing Segment processes electronic point-of-sale prepaid transactions at approximately 430,000 POS terminals across approximately 223,000 retailer locations in Europe, Asia Pacific and the U.S. For complete details on Euronet’s fourth quarter results visit CardData (www.carddata.com).

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Euronet Worldwide Revenues Edges Downward

Euronet Worldwide posted fourth quarter revenues of $255.7 million,
down slightly from 4Q/07. However, a net loss of $201.8 million,
compared to net income $19.6 million for the year ago period.
The EFT Processing Segment reported revenues of $50.3 million, compared
to $49.8 million for the fourth quarter 2007. Transactions of 184.9
million, compared to 169.8 million for the fourth quarter 2007. The EFT
Processing Segment ended 2008 with 10,128 ATMs operated compared to
11,347 ATMs at the end of 2007. The Prepaid Processing Segment reported
revenues of $145.4 million for the fourth quarter, compared to $155.4
million for 4Q/07. Transactions were 195.9 million for 4Q/08, compared
to 172.7 million for the fourth quarter 2007. The Prepaid Processing
Segment processes electronic point-of-sale prepaid transactions at
approximately 430,000 POS terminals across approximately 223,000
retailer locations in Europe, Asia Pacific and the U.S. For complete
details on Euronet’s fourth quarter results visit CardData
([www.carddata.com](http://www.carddata.com)).

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Chase Unveils First Watch Intelligence

Chase Card Services has recently received a patent from the USPTO for
its breakthrough fraud prevention technology, “First Watch
Intelligence.” Chase says the new technology monitors 40 factors that
indicate potential fraud. “First Watch Intelligence” creates an
automated system for evaluating those fraud factors, which in turn
enables Chase analysts to detect fraud more efficiently and effectively.

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