Infohammer Introduces the ITWERCS System

Infohammer has released its “Information Technology Web-Enabled Restaurant Control System” to its key partners.
The “ITWERCS” system is a restaurant
management system that includes point of sale, kitchen display systems,
perpetual inventory, ordering, receiving, people management, employee
self-service for scheduling and online training. “ITWERCS” provides triple-redundancy at the unit level, and uploads all
transactions up to the Enterprise in real-time, providing for a rock-solid
point of sale that keep transactions going and customers happy. The
power of the Microsoft SQL-based Enterprise allows multi-unit managers to view
all data in a consolidated fashion, manages employees across multiple business units,
and its hierarchal security setup allows for easy administration of all
aspects of the restaurant business. All configurations, menu items,
inventory items and touchscreen layouts are managed from the Enterprise, which is
accessible via SmartClient, Web Client or the new Silverlight Client.

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National Payment Card Assn Gets Funded

National Payment Card Association has received $2 million from KPG
Ventures to spur growth into supermarkets and chain drug outlets.
The National Payment Card Association
PIN based payment system processes transactions through the Federal
Reserve Automated Clearing House (ACH), resulting in lower merchant fees
and a self-funded loyalty program that can provide immediate savings to
consumers. Specifically, the program benefits retailers by helping them
shift away from the interchange fees credit card companies normally
charge on each transaction by moving them to the lower cost ACH system.
The merchant can then use some of the savings to change customers’
payment behavior by passing some of that savings along to them right at
the pump.

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Metavante’s 4Q/08 Revenue Gains 6% Y/Y

Metavante reported that fourth quarter revenue rose 6% to $433 million. Net income for the quarter of $40 million, compares to a $93 million net loss for 4Q/07. The Financial Solutions Group posted fourth
quarter revenue of $169 million, a 4% gain over 4Q/07. The Payment
Solutions Group generated fourth quarter revenue of $265 million, an 8%
year-on-year gain. During the quarter Chicago-based Harris renewed its
NYCE Network participation and named Metavante subsidiary NYCE its
primary provider of PIN debit and ATM card access.
Also the release of “BenSoft,” a software solution which combines the
“RepayMe” full flexible benefits administration platform with
Metavante’s healthcare payments processing and benefit debit card
solutions. The company expects organic revenue growth in 2009 of 3% to
4%. For complete details on Metavante’s fourth quarter performance visit
CardData ([www.carddata.com](http://www.carddata.com)).

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MICROREAD NFC

INSIDE Contactless will celebrate MicroRead series of successes and the company’s achievements in the NFC industry
at the Mobile World Congress. INSIDE’s third-generation MicroRead RF chip, which was introduced on
February 6, 2008, provides the broadest range of Near Field
Communication (NFC) options that enable numerous new contactless
applications. INSIDE and its MicroRead chip achieved several significant milestones in
the past year. The include: INSIDE and Sagem Wireless established a partnership to integrate
MicroRead and its associated software stack into Sagem’s new NFC handset
platform; INSIDE’s MicroRead chip was included in most of the NFC handsets
used by the Pay-Buy-Mobile operators in Australia, France, Ireland,
Korea, Japan, Malaysia, Norway, the Philippines, Singapore, Taiwan,
Turkey and the U.S.; INSIDE became a Sponsor member of the NFC Forum, and joined its
board of directors; NSIDE’s MicroRead NFC chip was selected as the winner of the GSM
Association’s 2008 Mobile Innovation Global Award for Most Innovative
Device-Centric Technology; INSIDE and FIME teamed to ensure NFC interoperability and develop a
comprehensive process, support and service portfolio for testing and
certifying NFC mobile handsets and Nokia Growth Ventures, Motorola Ventures and Samsung
Ventures America each participated in INSIDE’s latest round of funding.

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KABIRA KMTH/KPSA

Transaction processing software provider Kabira Technologie will
showcase mobile payment solutions, the “Kabira Mobile Transaction Hub”
(KMTH) and the latest version of its widely-deployed Kabira Provisioning
and Service Activation platform (KPSA) at the 2009 GSMA Mobile World
Congress. KMTH is an open and robust real-time transaction processing
platform that allows telecom carriers, banks and service providers that
serve the unbanked and under-banked to offer a wide range of mobile
payment services to their subscribers. These services include mobile
airtime and money services, such as airtime recharges and remittance for
utilities bill payments. In 2008, Kabira’s solutions managed over 700
million telecom subscribers and serviced over 15 billion card payments
worldwide. Designed to meet the demands of real-time telecom business
applications, Kabira’s service-aware solutions provide the
infrastructure capabilities required to respond to the business and
technical challenges faced by mobile operators as they need to create,
activate, charge and transact convergent services in real-time.

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BAY & AIG CARD

Bank of Ayudhya Public Company Limited and American International Group announced an agreement under which BAY will acquire AIG Retail Bank Public Company Limited and AIG Card (Thailand) Company Limited. AIG Card (Thailand) was established in September 2000, and offers credit cards and personal loan products to Thai consumers under the names of “AIG Card,” “AIA Card,” “X Card,” “Man U Card” and “Just Cash.” Under the terms of the agreement, BAY will acquire 99.5% of the shares of AIG Retail Bank and 100% of AIG Card for a total consideration of Baht 2.055 billion or US $58.7 million. In addition, inter-company loans
totaling US $477 million from AIG will be repaid at closing. The combined assets of the two companies are expected to increase BAY’s
assets by approximately Baht 32 billion, which brings its current assets
from approximately Baht 745 billion to 777 billion. The transaction will
increase BAY’s retail loans by 14 percent and approximately 220,000
credit cards in force. The transaction, subject to the approval of the Bank of Thailand and BAY’s shareholders, is expected to be completed in April 2009.

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ADS’ Fourth Quarter Income Rises 53%

Dallas-based Alliance Data Systems reports that fourth-quarter revenue
declined slightly to $508 million. However, Q4 net income rose 53% to
$52 million driven by Loyalty Services and Epsilon Marketing Services.
Despite a 3% revenue decline, ADS notes it has completed 31 consecutive
quarters since its IPO of meeting or beating expectations.
Loyalty Services’ revenue increased slightly to $196 million, but was
dampened by the decline in the Canadian dollar. Epsilon Marketing
Services’ fourth quarter revenue was essentially flat at $129 million,
impacted by lower volumes associated with retailers who went bankrupt.
Private Label Services fourth quarter revenue increased 10% to $98
million. During the quarter, Epsilon signed Marriott as a new client;
Loyalty Services renewed Boston Pizza and Hudson’s Bay Company for “AIR
MILES”; and Private Label finished the year by signing its tenth new
program versus the typical annual total of five or six. ADS expects to
report 2009 revenue of approximately $2.1 billion and adjusted EBITDA of
approximately $680 million. For complete details on ADS’ latest results
visit CardData (www.carddata.com).

ADS REVENUE HISTORICAL
4Q/07: $522.0 million
1Q/08: $499.3 million
2Q/08: $507.2 million
3Q/08: $511.2 million
4Q/08: $507.6 million
* originally reported as $602.7 million
Source: CardData.com

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INSIDE & SAGEM

INSIDE Contactless is partnering with Sagem Wireless, a leading mobile
design company, to create new handset platforms that will support
enhanced NFC services. The Sagem Wireless NFC
platforms will utilize INSIDE’s “MicroRead” NFC chip, and
will also incorporate the associated “MicroRead Software Foundation” NFC
protocol stack, which Sagem Wireless has licensed, and which will be
integrated and validated with Sagem Wireless’ handset platform software.
the “MicroRead” chip’s self-powered battery-off
mode and low-power RFID tag detection features will help provide
simplicity and convenience by enabling payment or other transactions to
take place successfully even when the handset is turned off or the
battery is completely drained. Additionally, INSIDE Contactless has
reinforced its strength in NFC by establishing a new support facility in
Cergy, staffed with a team of former Sagem Mobiles engineers
with specialized expertise in phone system integration and validation,
giving INSIDE a unique set of capabilities to provide extra value to its
NFC customers and enable INSIDE to conduct mobile phone RF performance
testing and validation to further qualify NFC
integration for its customers and accelerate global interoperability.

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M2 Global Rolls-Out the AcqENGIN Gateway

Processing technology provider M2 Global has rolled out “AcqENGIN” a
comprehensive and customizable e-commerce payment gateway. “AcqENGIN”
allows M2 to offer high volume Internet merchants
credit card processing anywhere in the world all managed from a central
web based portal that provides reporting and security management tools
that lead the industry. “AcqENGIN” includes multiple currency
acceptance, patented card-integrated technology,
settlement reporting, chargeback and re-presentment automation and
patented fraud protection tools. M2 Global is an online transaction
processing technology company
that develops, acquires, operates, holds and licenses software that
enables platform interoperability and in the initiation and settlement
of electronic payments.

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TECH AWARD

Gemalto’s “Smart Enterprise Guardian” has been awarded the “Tech
Innovation Award for Hardware” from the Austin, Texas Business Journal.
Jointly developed by Gemalto and Lexar, the “SEG” is a first-of-its-kind
multipurpose security device that solves problems every enterprise
faces: how to better secure remote access to their networks and how to
better protect information employees store on portable devices. In a
single device, Gemalto has combined strong authentication, digital
signatures, encrypted Flash storage and encryption tools for desktop or
laptop files. The “SEG” has built-in support in Microsoft Vista using
Gemalto .NET technology.

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UBC Acquires Optimal Payments Portfolio

Payment processor United Bank Card will acquire Optimal Payments’
portfolio of 5,000 merchant accounts for $11 million. It is
a portfolio of residual payments from merchants processing credit
card-present transactions. Optimal Payments processes credit card
payments, primarily for small and medium-sized retail point-of-sale
merchants. Under the terms of the option agreement and related
agreements entered
into by the parties, the purchase price for the portfolio is US$11
million. Until either party has exercised its right to cause the
completion of a purchase and sale transaction, United Bank Card will
continue to service the portfolio and Optimal Payments will continue to
receive residual payments from the portfolio and pay a service fee to
United Bank Card for its services. The aggregate amount of residuals
earned by Optimal Payments, net of the aggregate service fees paid, will
be set off against and will reduce the purchase price monthly until the
completion of a purchase and sale transaction. The adjusted purchase
price will be increased monthly by a notional rate of interest. Optimal
Payments’ right to cause United Bank Card to purchase the
portfolio may be exercised any time on or after February 2, 2011. United
Bank Card’s right to cause Optimal Payments to sell the portfolio may be
exercised at any time up to December 31, 2014. UBC currently handles
the merchant accounts for over 100,000 locations and
processes in excess of $9 billion annually.

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DELINQUENCY COVERNS

A new report from Deloitte reveals a rise in Canadian credit card
delinquencies as Canadian credit card balances grow by almost 40% since
2004. Deloitte recently interviewed executives at major credit card
issuers in Canada representing over half (54%) the country’s outstanding
credit card balances. The majority of executives indicated that
beginning in October/November of 2008, they started to see a 5% to 10%
jump in delinquencies, which have increasingly translated into
write-offs. The
result has been an increase in losses of 50-100 basis points (100 basis
points equals 1%). At the upper end of this range, this represents
annualized losses of over $800 million to the industry as a whole, where
the total value of outstanding balances is in excess of $80 billion.
Credit card issuers in Canada have traditionally seen loss rates of less
than 4%, but with Canadian
consumers increasing their debt-to-disposable-income ratios to more than
130%, Canadian issuers
face unprecedented risks given their credit card balances have increased
almost 40% since 2004, according to the Bank of Canada and U.S. Federal
Reserve. As a result, Canadian credit card issuers are taking action to
avoid the costly write-downs now common in the U.S.

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