Open Solutions and CNS Offer EFT Services

Open Solutions has expanded its strategic relationship with
Consumer Network Services to provide EFT products and services to Open
Solutions’ clients running “The Complete Banking Solution” and “The
Complete Credit Union Solution.” CNS EFT solution sets include ATM
driving and monitoring, ATM and debit
card transaction processing and comprehensive ancillary services
including risk management, card production and consultative services.
CNS processes more than 20 million EFT transactions per month for Open
Solutions’ clients. With this new agreement, Open Solutions will be able
to offer CNS EFT capabilities
to Open Solutions’ in-house core clients. The partnership will introduce
products and services that were not widely available to many in-house
clients.

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INGRAM MICRO ACQUISITIONS

DC/POS distributor Ingram Micro has completed its
acquisitions of Eurequat SA, based in France, and German-based
Intertrade A.F. AG. Both Eurequat and Intertrade are distributors of
DC/POS products in Europe, with aggregate revenues of approximately $90
million in 2007. Eurequat’s customer
base spans France, Spain, Portugal, Germany and Algeria, while
Intertrade serves Germany, Switzerland, Austria and Israel. The
companies will be integrated into the Ingram Micro EMEA Data Capture/POS
Division to serve resellers in 16 countries.

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MagTek Unveils the IPAD PIN Entry Device

CA-based e-payment technology provider MagTek has introduced “IPAD”, a
PED 2.0 certified secure PIN entry device. MagneSafe encrypts data at
the point of swipe, safeguarding personal information encoded on the
magnetic stripe using industry proven 3DES. The encryption takes place
within an encapsulated magnetic read head as the card is swiped
eliminating the chance of intercepting clear text data as “MagneSafe”
mutually authenticates the IPAD and its host ensuring the integrity and
legitimacy at both points of the transaction. In addition, the IPAD has
“MagnePrint”, a magstripe embedded security
feature that authenticates the debit, credit or ATM cards already in
circulation, rendering counterfeit or cloned cards useless.

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TRUSTWAVE EXEC

Online security provider Trustwave has appointed
Hermes Romero to manager of business development for Trustwave Latin
America. Romero has more than 13 years of experience in the information
security and networking industry, specifically in South America. He will
be responsible for the firm’s business development
activity throughout Spanish-speaking South America, including new
business opportunities and channel and alliance partnerships. The
appointment of Romero also expands Trustwave’s
local presence to include Chile, in addition to its South American
headquarters in Brazil. Romero spent three
years at IBM ISS, most recently as business development manager for
Chile, Peru and Bolivia. Previously,he worked at Unisys Corporation
serving in multiple roles ranging
from engineering to regional sales manager for Chile and Colombia.

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Banks Pivotal Emerging Opportunity is EBPP

A new report has found that users of online banking are more
affluent and younger, frequent users of sticky services and active in
safeguarding their accounts. The Javelin Report suggest that given the
state of today’s economic challenges, banks can improve online banking
and bill payment services to grow assets and deepen customer loyalty.
The growth rate for online banking adoption will increase 4.6% annually
through 2013, when 83 million households will be banking online.
However, the report identifies bank bill payment services, which are
only at 49% penetration, as the pivotal opportunity for banks to expand
their online channel, and projects growth at 5.6% annually through 2013
reaching 45 million households. As a result of recent acquisitions,
three giant banks – Bank of America, Wells Fargo and JPMorgan
Chase – will control an astounding 39% of the online-banking market, up
from 25%.

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MONITISE & ECOMMLINK

Prepaid processor eCommLink and mobile payment platform provider
Monitise Americas have teamed to jointly offer
mobile money applications to the prepaid debit card industry.
The companies will market prepaid debit cards that are closely
integrated with a cardholder’s mobile phone. This will allow customers
to manage their cards, reload their accounts, pay bills, transfer money
to another person and make international remittances directly from the
mobile handset, regardless of the
carrier or financial institution involved. Clients can select from
either a SMS based interface or a simple to use, easy to download mobile
application to allow cardholders to manage their prepaid accounts and
perform transactions.

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PayPal Expands Globally with Localized Sites

Alternative payment provider PayPal has added fully localized sites in Mexico, Hong Kong and Singapore, extending PayPal’s leading online payments service to more than 120 million people and bringing the total number of localized PayPal sites to 18. Customers in these countries can pay online using their local currencies. Sellers in these countries can receive payments from PayPal’s network of 65 million active accounts around the globe, and withdraw their PayPal balances directly to any local bank. PayPal also launched nine new languages on its Web site including Bahasa Indonesian, Danish, Norwegian, Portuguese, Russian, Swedish, Thai, Traditional Chinese and Turkish and has introduced new PayPal domains for 18 countries, including Argentina, Chile, Hungary, India, Luxembourg, Malta, The Philippines, Portugal, Saudi Arabia, Sweden, Taiwan, Turkey and Venezuela.

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LAKS & ABNOTE

LAKS has selected New Jersey-based ABnote to exclusively distribute its “Smart Transaction Watch” in the U.S. and Canada. Introduced in 2006, the payment device has a conforming contactless payment reader embedded within the wristwatch.It is the first “MasterCard PayPass” approved watch. The watch face can be customized with a variety of colors and graphics providing users with a highly personalized and unique product. The customization provides unlimited marketing opportunities. The watch features a slide in system for a SIM sized Smart Card supplied by ABnote. This system makes it possible to handle the watch and the smart card separately. Therefore, multi applications can be utilized so that financial applications can be alongside others such as mass transit or access control.

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ProPay White Paper Details Mobile Transactions

Payment solution provider ProPay has released “The Data Dilemma: The
Value of Secure Transaction Solutions” that outlines the complex
regulations and potential security risks merchants face and points out
how they can be better prepared to easily minimize risk. ProPay recently
released a patent-pending combination of the
MicroSecure Card Reader, that encrypts and holds and transmits credit
or debit card payments, with “ProtectPay”, a service that allows
organizations to reduce or eliminate their PCI DSS scope by allowing
ProPay to collect, process and store sensitive cardholder data for them.
By eliminating the need for companies and their employees or sales
associates to hold private data on paper forms or computer hard drives,
this solution helps merchants comply with government regulations and
provides excellent security of their transaction data.

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OVUM DIRECTOR

Global information consultant Ovum has appointed John Leigh, previously
with BT Global Services, as its Research & Analysis Director with
responsibilities across Ovum IT and Datamonitor
Technology. He will be responsible for the overall management and
development of the teams in both these areas..
Leigh has over 30 years of experience in the technology sector including
time with IBM, Capgemini and Vertex. At BT Global Services he
held the position of Head of Insight, Strategy and Planning. Prior to
this role he spent four years at Gartner as a Group Vice President.

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VeriFone Q3 Revenues Rise 13% Year/Year

VeriFone reported that its preliminary revenue for the quarter ended
October 31st will be in the range of $244 million to $246 million, lower
than previously expected. Since mid-September the payment terminal maker
has experienced higher-than-expected foreign exchange losses, volatility
in exchange rates resulting in product costs, adversely moving faster
than could be reflected in local-currency pricing. The company expects
non-GAAP net income, per share, for the quarter to be in the range of
$0.18 to $0.20. During the third quarter VeriFone released the “Vx 700”
electronic payments module for kiosks, vending machines, ticketing
devices and traditional cash based systems; launched a program to secure
the implementation of the “PCI SSC Payment Application Data Security
Standard”; appointed Robert Dykes, previously with NebuAD, as SVP and
CFO; and was awarded a multi-million dollar contract by Cabcharge
Australia to deploy 20,000 “Vx 810” systems for contactless payment
acceptance in taxis across the entire Cabcharge fleet. The Company also
filed amended and restated quarterly reports for the last two years. The
Company will release its official report on the quarter ended October
31st on December 16th. For complete details on VeriFone’s latest
performance visit CardData ([www.carddata.com](http://www.carddata.com)). (CF Library 8/15/08;
8/20/08; 9/4/08: 10/01/08; 11/03/08)

REVENUE HISTORICAL
3Q/05: $130.5 million
4Q/05: $134.6 million
1Q/06: $142.2 million
2Q/06: $147.6 million
3Q/06: $156.6 million
4Q/06: $216.6 million
1Q/07: $217.2 million
2Q/07: $231.7 million
3Q/07: $216.9 million
4Q/07: $216.4 million
1Q/08: $185.5 million
2Q/08: $258.7 million
3Q/08: $245.0 million
Source: CardData (www.carddata.com)

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EBT FORECAST

Prepaid card provider NovoPayment has announced its regional forecast for
electronic benefit transfer (EBT) cards for food vouchers in which it
estimated a potential market of more than 47 million prepaid cards with
an estimated purchasing power of more than US$50 billion annually by
2015. The forecast is part of a larger regional study for prepaid cards
covering 15 countries – Argentina, Brazil, Chile, Colombia, Costa Rica,
Dominican Republic, Guatemala, Ecuador, El Salvador, Honduras,
Nicaragua, Panama, Peru, Mexico and Venezuela – that measured factors
such as size of labor force, poverty rates, wages, banking and other
metrics based on the company’s experience in the field.
Such programs allow organizations to electronically manage the
payment of these and other benefits to employees and recipients via
branded prepaid cards.

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