Triton Plans to Roll-Out a New ATM in Mar

S-based ATM provider Triton is set to the roll out the “RL1600” line of
affordable off-premise ATMs.
The “RL1600” is an entry-level, reliable ATM that is compact and
whose affordable price makes it easy to place at multiple locations .
It offers support for advertising and screen customizing
capabilities, to enable ATM owners to create their own marketing
messages and
coupons which drives traffic to your location and increases customer
loyalty. The “RL1600″’s innovative configuration — including an
embedded PC-based
platform, Microsoft Windows® CE 5.0 operating system with Triton’s “X2”
technology — makes it as powerful as it is reliable. It has a large
storage capacity for journaling, and is expandable to meet future
compliance and application needs.

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Electracash Names a New Marketing Director

E-payment provider Electracash has selected Richard S. Cornejo,
previously with Charter Pacific Bank,
to serve as Director of Marketing. Cornejo has served as Executive Vice
President and BankCard Manager for Charter Pacific Bank, a leading
credit card acquiring bank for
e-commerce and high-risk category merchants, with a total portfolio
processing in excess of $250 million a year and has held a number of
senior executive management positions at leading financial institutions
in Southern California; including over ten years at Union Bank and more
than two years as President and Chief Executive Officer of BBH Qualified
Plans, Inc. Electracash is a leading payment service provider of eChecks for
Retailers, online B2B service providers and recurring Billers of online
purchases. Recently Electracash unveiled a comprehensive Affiliate
Program for electronic payment Resellers interested in creating
additional value for themselves and their business partners.

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Promontory Ankles a Card Industry Veteran

Washington DC-based financial services firm Promontory Financial Group
has appointed Michael Patriarca, previously with Visa and Wells Fargo,
as Managing Director.
Patriarca is part of a unique team of professionals
that includes former senior financial services regulators and
executives. He served as Executive Vice President for Risk
Management and Audit at Visa International, where he was responsible for
audit and risk management globally, and for interactions with the audit
committee and U.S. regulators. From 1992 to 1999, he was an executive
vice president at Wells Fargo Bank, where he directed the audit,
security, compliance and risk management functions. He also served as
president of the bank’s insurance distribution subsidiary. He holds a
bachelor’s degree in history from the University of
California-Davis, a juris doctor from Santa Clara University Law School,
and a master’s degree in laws from George Washington University Law
School. Promontory provides strategic advice and assistance to many
of the world’s largest financial companies, with a particular focus on
due diligence and developing practical solutions to address regulatory,
risk, compliance, capital and liquidity issues.

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Credit Card ABS Continues to Erode in Dec

Fitch Ratings has published the January edition of ‘Credit Card Movers & Shakers’. In this edition, Fitch outlines the latest regulation changes by the Federal Reserve Board which will take effect on July 1, 2010. Fitch also discusses some of the steps credit card issuers have taken to enhance their ABS transactions, either by improving collateral quality or making structural revisions. Credit card performance, as measured by Fitch’s Prime and Retail Credit Card Index, is also discussed.

‘Credit Card Movers & Shakers’ is available on the Fitch Ratings web site at www.fitchratings.com under the following headers:

Structured Finance>> ABS >> Newsletters

Fitch’s rating definitions and the terms of use of such ratings are available on the agency’s public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch’s code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the ‘Code of Conduct’ section of this site.

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Unbanked/Underbanked is a Practical Issue

A new report from Aite Group addresses 10 myths commonly held by bank executives, regulators and
consumer advocates about unbanked and underbanked consumers. It reveals that people are unbanked for very practical reasons,
Among the myths debunked is the belief that consumers are
unbanked or underbanked because of cultural and attitudinal reasons when in fact
53% of unbanked consumers are impeded by
credit issues, while an additional 28% face pricing issues with checking
accounts, 12% are impeded by cash flow issues, and 7% constrained by
service issues. The
analysis is based on a 400-person survey with consumers at check-cashing
stores.

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LML EXEC

E-commerce payment provider LML announced that Craig Thomson, currently
the President and CEO of the LML’s subsidiary Beanstream
Internet Commerce will be assuming the position of President of
LML Payment Systems Inc. and will oversee the Corporation’s business and
operations in both Canada and the United
States. Thomson was the original founder of Beanstream and has been a
recipient of the “Entrepreneur of
the Year Award” in manufacturing, wholesale and distribution from Ernst
and Young for the Pacific Canada
region and has over 15 years of experience leading high technology
companies. LML
Payment Systems is a provider of financial payment processing solutions
for e-commerce
and traditional businesses, providing credit card processing, online debit,
electronic funds transfer, ACH payment processing and authentication
services, along with
routing of selected transactions to third party processors and banks for
authorization and settlement.

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CHOICES & DECISIONS

Visa has launched “Choices & Decisions: Taking
Charge of Your Financial Life”. Originally published in 1996, “Choices &
Decisions”
includes practical, ready-to-use, lesson plans designed by classroom
teachers for use in today’s school. Each of the 15 lessons are designed
to give
teachers’ the information they need to help their students understand
financial
planning and budgeting, develop better money management skills, set
goals and start
planning for financial milestones like attending a post-secondary
institution,
moving out or buying a car. The updated resource, which now also
includes information to help
students protect themselves from financial fraud, was developed by a
panel of educators to meet curriculum requirements for high schools
across the
country. Teachers can order hard copies of the resource or download
copies of
“Choices & Decisions” through www.practicalmoneyskills.ca.

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Equifax’s USCIS Unit Declines 9% for Q4

Equifax reported revenue of $447 million for the fourth quarter, a 9% decrease from the prior year period. Net income edged down 2% to $64 million. For its U.S. Consumer Information Solutions total revenue declined 9% to $208 million and Online Consumer Information Solutions declined 10% to $135 million. Credit Marketing Services revenue was $31 million, down 17% and Direct Marketing Services was off 14% to $24 million. However, Mortgage Solutions revenue was up 43% to $18.2 million. North America Personal Solutions revenue was down 35 to $37 million. International revenue was $106 million in the fourth quarter, down 18%, but TALX revenue of $75 million was up 2%. Also, North America Commercial Solutions was down 6% in the fourth quarter on revenues of $20 million. Equifax says it expects consolidated revenue for the first quarter to be in a similar range as reported revenue for the fourth quarter of 2008. For complete details on Equifax’s fourth quarter performance visit CardData ([www.carddata.com](http://www.carddata.com))

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CITI ONLINE REMIT

Citibank N.A. has
launched “Citi Online Remit”, a new online money transfer service to
India. “Citi Online Remit” provides Non Resident Indians the ability to
transfer funds to India from any US checking/savings account
or using a US credit/debit card as a direct transfer into the
beneficiary’s bank account or as a draft couriered to the beneficiary’s
mailing address in India. “Citi Online Remit” has a wide range of security features built into the
platform such as Online Identity Verification, Multi-Factor
Authentication, Global IP tracking and Account authentication. The
platform also offers an online tracking system that allows NRIs to
follow their transaction at every stage of the transfer process and
facilitates the scheduling of dates for future transfers by setting up
recurring transfer instructions. It is powered by the “QuikRemit” platform from Citi’s Global Transaction
Services which offers integrated cash management, trade,
and securities and fund services to multinational corporations,
financial institutions and public sector organizations around the world.
With a network that spans more than 140 countries, Citi’s Global
Transaction Services supports over 65,000 clients. As of the 4th quarter
of 2008, it held on average $292 billion in liability balances and $10.7
trillion in assets under custody.

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Paying Down Card Debt Ranked High

A new study from Target Research focuses on changes in credit card behaviors with 28% making paying down on debt a primary goal.
In addition, when the data are viewed by those who are “Credit Worthy”, the 40% of households have no trouble paying their balances
and “Credit-On-The-Edge”, the 60% who would be challenged to pay off all balances,
Of the “Credit-Worthy”, 38% are most interested in providing for retirement. Of those who are
“Credit-On-The-Edge”, 47% want to pay off their debt, and
this number has increased by 25% over the past year. Target Research Group is a
full-service marketing research company offering consumer and business
to business insights that drive competitive marketing solutions for the
Financial, CPG and Legal industries.

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MC Q4 Profits Down 21% as US PDV Slips 8%

MasterCard posted fourth quarter net income of $239 million, a 21%
decline over 4Q/07. However, net revenue for the quarter was $1.2
billion, a 14% year-on-year gain. Global transactions dropped
significantly in the fourth quarter to an annual growth rate of 6%,
compared to 12% in the prior quarter and 14% in the year ago quarter.
For the fourth quarter there were 7.8 billion purchase and cash
transactions globally. MasterCard’s gross dollar volume gained 3% in the
fourth quarter to $605 billion, compared to third quarter GDV growth of
12%. In the U.S. credit card gross dollar volume fell 11% to $152
billion and debit card gross dollar volume increased 6% to $104 billion.
Purchase volume on U.S. credit cards was down 10% while cash volume
dropped 23% in the fourth quarter, compared to the year ago quarter.
Purchase volume on U.S. debit cards gained 7% while cash volume rose 7%
in the fourth quarter, compared to 4Q/07. At the end of the quarter
MasterCard had 263 million credit cards and 126 million debit cards
in-force in the U.S. MasterCard noted that in response to the difficult
financial environment the Company reduced general and administrative
expenses by 3% and advertising and marketing expenses by 33%. For
complete details on MasterCard’s fourth quarter performance visit
CardData (www.carddata.com).

MASTERCARD TRANSACTIONS (millions)
(purchases + cash)
TRANSACTIONS GROWTH
Dec 31, 2008 7,768 6%
Sep 30, 2008 7,638 12%
Jun 30, 2008 7,462 12%
Mar 31, 2008 6,972 13%
Dec 31, 2007 7,306 14%
Sep 30, 2007 6,842 13%
Jun 30, 2007 6,657 15%
Mar 31, 2007 6,162 20%
Dec 31, 2006 6,395 20%
Note: All MasterCard Credit, Charge and Debit Programs processed
on MasterCard’s networks.
Source: CardData (www.carddata.com)

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