VALIDCARD

Validus and electronics manufacturer IMI have entered into a
comprehensive manufacturing agreement to offer “The VALIDcard”, a
powered card offering fully self-contained biometric authentication
within a card form factor. The “VALIDcard” is positioned to
target e-commerce (cardholder-not-present transactions), online banking, health
care,physical and logical access, border control, government and civilian
identification, airport security, online brokerages and IT security.The “VALIDcard”
provides advanced biometric authentication to mitigate identity theft, credit card fraud and abuse worldwide. Validus
owns issued patents that cover a wide range of
product offerings in the powered card industry; the main powered card
offerings covered are biometric, PIN entry and push button
authentication with OTP communication via display, Smart Card or RFID.

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RFID Market to Produce a 15% CAGR till 2013

The worldwide RFID market is expected to experience a 15% CAGR from 2008 through 2013. Traditionally applications with single-digit and low-double digit five-year CAGRs continue to dominate current and near-term RFID market revenue share. ABI Research says the current market is $5.3 billion but may hit $9.8 billion by 2013. It is still too early to tell what impact the state of the global economy will have on the RFID market. Investments are still being made in RFID companies, consolidation continues, and contracts are being awarded.

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NFC FORUM BOARD

The NFC Forum has selected a new Chairman, Koichi Tagawa, GM of the
Global Standards and Industry Relations Department of the FeliCa
business at Sony Corporation and Vice Chairman, Simon Pugh, Group
Head, Center of Excellence for Mobile for MasterCard Worldwide’s
Advanced Payments group. Tagawa has been involved in promoting the
adoption and
standardization of NFC technology since 2002. He actively contributed to the
founding of the NFC Forum, and formerly served as founding Vice Chairman
of the organization. Pugh is responsible for developing and executing
MasterCard’s strategy for mobile commerce and works as a
liaison with strategic business partners to promote the development of
programs to
support MasterCard’s advanced payments initiatives. Tagawa and Pugh
join Vice Chairman Gerhard
Romen of Nokia and Secretary and Treasurer Martin Buhrlen of NXP as
Board officers. The Forum’s mission is to advance the use of Near Field
Communication technology by developing specifications, ensuring
interoperability among
devices and services, and educating the market about NFC technology.

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Cardtronics Third Quarter Revenues Rise 15%

Houston-based Cardtronics posted revenues of $127.3 million, up 15%
from 3Q/07. Of the 15% year-over-year increase in revenues,
approximately half of that amount, or 7.5%, was attributable to organic
growth, with the remaining amount being attributable to the 7-Eleven ATM
Transaction. EBITDA rose 20% to $22.1 million. During the quarter the
average number of transacting ATMs increased by 11%; total transactions
increased by 26%; total cash withdrawal transactions increased by 19%;
and cash withdrawal transactions per ATM per month increased by 7%. At
the end of the quarter the Company was processing transactions for over
25,500 ATMs. Cardtronics also reported continued expansion of its
“Allpoint Network,” including the addition to the network of 5,700+ ATMs
located in 7-Eleven, Inc. convenience stores throughout the U.S. and
2,500 of our ATMs located throughout the United Kingdom. The Company is
now expecting revenues between $490 million and $495 million for this
year. For complete details on Cardtronic’s third quarter performance
visit CardData ([www.carddata.com](http://www.carddata.com)).

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Global Cash Access Revenue Rises 19% in 3Q/08

Global Cash Access reported that revenues rose 19% to $185.1 million in the third quarter. The growth was driven by the acquisitions of Certegy Gaming Services in April and Cash Systems in August. EBITA also rose 19% to $26.1 million. Recently GCA added 20 international casinos including 11 properties in the Czech Republic. During the third quarter GCA signed nine new U.S. casinos including Casino Queen in East St. Louis, Illinois; San Pablo Casino in San Pablo, California; as well as seven locations for Oneida Casino in Green Bay, Wisconsin. The Company says it expects full-year revenues in 2008 to be between $670 and $673 million. For complete details on GCA’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com)).

GCA REVENUE HISTORICAL
3Q/07: $155.8 million
4Q/07: $144.0 million
1Q/08: $148.7 million
2Q/08: $151.5 million
3Q/08: $185.1 million
Source: CardData (www.carddata.com)

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Visa and the Los Angeles Metro Partner

Visa is working with the Los Angeles Metro system to offer
special Visa “payWave” cards that incorporate the transit system’s
“TAP” fare application. These dual-use, prepaid Visa cards will let
riders pay their fares and purchase fare products using their Visa
account, while also allowing cardholders to make purchases anywhere Visa
debit is accepted. Two types of cards will be available through the
pilot, the Ride, pay and reload cards that are sold through automated
ReadySTATION kiosks within the LA Metro system will be active and ready
to use immediately for both transit fares and Visa purchases everywhere
Visa debit is accepted. Riders will be able to add up to $500 in value
at the kiosks and Ride, pay, reload and ATM cash access personalized
cards with a maximum value limit of $10,000
ordered online or over the phone. Beyond a larger value limit the
personalized cards have the added feature of a Personal Identification
Number (PIN) for obtaining cash at ATMs. It will also function as a
standard Visa prepaid card for purchases outside the transit system. In
addition, cardholders will be eligible for free direct deposit of their
paychecks directly to the Visa prepaid card account, providing added
convenience and security over payment alternatives like checks and cash,
for those riders without traditional banking relationships.

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SaaS StickyStreet Gift Cards Launched

SaaS StickyStreet, a user-friendly online service that helps small
business and franchise owners with the creation and administration of
gift card and loyalty campaigns has been launched. StickyStreet is
completely web-based, hardware-free, and doesn’t charge transaction
fees. The structure of the service allows companies to mix-and-match an
unlimited number of campaigns to fit their unique needs. Companies
aren’t even required to use physical plastic cards. StickyStreet is
determined to make their company
extremely user-friendly, with a sleek and intuitive interface, an
irreverent tone that purposefully avoids marketing jargon, as well as an
accessible customer service desk.

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Fair Isaac Third Quarter Revenues Drop 10%

Minneapolis-based Fair Isaac posted third quarter revenues of $178.2 million, compared to $198.7 million in the prior year period.
Income for the quarter was $23.8 million, compared to $32.5 million for 3Q/07. Scoring Solutions revenues dipped 19% to $37.3 million due to a decrease in revenues from risk scoring services at the credit reporting agencies and from its “PreScore Service.” Strategy Machine Solutions revenues decreased 4% to $94.5 million due to declines associated with revenues derived from fraud and collections and recovery products.
Professional Services slipped 9% to $33.2 million due to a decline associated with Analytic consulting services. Analytic Software Tools revenues dropped 25% to $13.2 million, due to a decrease in revenues generated from sales of the “Blaze Advisor” product. Due to the uncertain economic environment and limited visibility into clients’ spending intentions, Fair Isaac is not providing guidance at this time.
For complete details on Fair Issac’s third quarter performance visit CardData ([www.carddata.com](http://www.carddata.com)).

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Consumer Confidence Hits Bottom; Wallets Close

Consumers’ economic confidence hit bottom again, declining by 7% from September to October. About 63% now rate the economy as poor and 72% think things are getting worse. The “Discover U.S. Spending Monitor” fell a record six points in October to 80.4. For the first time since the “Monitor’s” inception, 60% of consumers rate their finances as fair or poor. Nearly 56% of consumers also said their finances were getting worse. This record-high reading is up 4 points from September and more than 15 points from a year ago. However, a majority of consumers continue to have money left over after paying their monthly bills. This is the seventh consecutive month the number has been over 50%. Of those who had money left over, 79% have the same or more money left over than the previous month. Discover says one reason for the surplus may be consumers’ desire to cut back on discretionary spending to make ends meet. Consumers seem content with holding onto their extra money rather than spending it, an obstacle to a consumer-led economic recovery.

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Fiserv and Partners Intro UChoose Rewards

Fiserv has teamed with Affinity Solutions and Bridge2 Solutions, a leading redemptions provider to roll out
“UChoose Rewards” which provides merchant-funded and issuer-funded rewards
for financial institution. The Fiserv rewards product enables clients to build programs based on
the wants and needs of their cardholders and was developed to offer cardholders
the ability to earn points faster and redeem them from a wider range of
reward choices. “UChoose Rewards” will also allow financial institutions to
offer their customers the ability to combine points earned for all their
bank or credit union accounts, receive cash back for their card usage
and use the program to earn entertainment rewards as well as millions of
items of merchandise. The program allows institutions to
offer relationship-based rewards, for example, points for opening a new
account or taking out a loan with the institution and
has a wide range of customizable marketing materials as well as multiple
options in setting up the program.

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Global Axcess Triples Net Income in 3Q/08

FL-based ATM specialist Global Axcess posted $5.6 million in third
quarter revenues, about the same as the year ago quarter. Net income
nearly tripled to $276,800. The Company noted that the increase in
revenue was mainly due to an increase in surcharge/convenience fees on
selected ATMs beginning in the first quarter of 2008. During the quarter
Global Axcess reached a contingent settlement agreement with CAMOFI
Master LDC, a debt holder of Global Axcess and will pay $3.7 million in
cash to CAMOFI to cancel the note executed in October 2005. The
settlement agreement resolves the lawsuit initially filed by CAMOFI in
October 2007 and amended in December 2007 alleging breach of contract by
the Company. Through its wholly owned subsidiary,Nationwide Money
Services, the owns, manages or operates approximately 4,300 ATMs in its
national network spanning 44 states. For complete details on Global
Axcess’ latest performance visit CardData ([www.carddata.com](http://www.carddata.com)). (CF
Library 8/18/08)

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Online Retailers Expect Higher Holiday Sales

More than half of online retailers expect their holiday sales to increase at least 15% over last year. The “2008 eHoliday Study,” conducted by Shopzilla for Shop.org, also found that 78% plan to offer free shipping at some point during the holiday season, consistent with last year’s levels. Many retailers have beefed-up their Website features to improve the customer experience. Other findings: consumers acknowledge that 24-hour shopping convenience is one of the main reasons why they choose to buy online (58.6% this year vs. 58.5% last year). Shoppers’ other top reasons for buying online instead of in stores include not wanting to fight crowds (41.1%), easy price comparisons (36.4%), and free shipping (33.3%). Also, nearly one in four shoppers (23.1%) says they are spending more online due to high gas prices, more than double the number which said the same last year (9.0%).

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