OTI Saturn Readers payWave & PayPass Approved

Smart card solution provider On Track Innovations’ “Saturn 6000”
countertop reader and “Saturn 6500” outdoor reader have been approved by
Visa and MasterCard. The Saturn 6500 is a secured contactless reader
built for vending machine,
petroleum and mass transit markets. The reader provides a convenient
payment method for both magnetic and contactless card holders, in a
small stylish
enclosure. Technologically on par with the Saturn 6000, it is the most
advanced outdoor
contactless and magnetic stripe reader for petroleum, mass transit,
vending or any unattended application available.

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Euronet Q3 Revenues Up 16% Driven by EFT & PP

KS-based Euronet Worldwide posted third quarter revenues of $280.7
million, up 16% from 3Q/07. However, net income of $5.8 million,
compares to $15.9 million for the year ago period. Transactions for the
quarter hit 367 million, compared to 323 million for the year ago
quarter. The EFT Processing Segment posted revenues of $54.4 million for
the quarter,a 25% gain year-on-year, driven by a 17% increase in
transactions processed. EFT processed 182.3 million transactions during
the third quarter. EFT ended the quarter with 10,384 ATMs operated
compared to 10,516 ATMs at the end of third quarter 2007. The Prepaid
Processing Segment reported 3Q/08 revenues of $166.8 million, an
increase of 15%. Transactions were 180.4 million, compared to 162.5
million for 3Q/07. Prepaid Processing processes electronic POS prepaid
transactions at 409,000 terminals across 212,000 retailer locations in
Europe, Asia Pacific and the USA. The Money Transfer Segment reported
$59.5 million in third quarter revenues, an 11% year-on-year gain.
Transfer transactions hit 4.3 million, compared to 4.0 million for
3Q/07. For complete details on Euronet’s third quarter performance visit
CardData ([www.carddata.com](http://www.carddata.com)).

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FiCentive Names an Operations Executive

Prepaid card provider FiCentive has promoted John Pullin to position of
Vice President Operations.
Pullin is now responsible for management of all
operational aspects, including all technology platforms, for the
FiCentive subsidiary of Payment Data Systems. He has been an integral
part of the Payment Data Systems team,
serving as the organization’s Product Development and Application
Architecture Director during which he was instrumental in developing a
proprietary bill pay platform for stored-value cards.
Prior to joining Payment Data Systems in 2003 and subsequently his move
to FiCentive, he served in a variety of key leadership and executive
technical roles at Billserv, Inc. at which he was responsible for
applications development for bill payment solutions.

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Average ATM Surcharges Jump 11% in 2007

New research reveals that average ATM surcharges now stand at $1.97,
compared to $1.78 for 2006 and $1.64 for 2005. The cost of using an
outside ATM reached $1.46 in 2007, putting the total average cost of
using an out-of-network ATM at $3.43. Bankrate’s “2008 Checking Study”
also found that bounced check fees rose 2.5% over the past year to
$28.95. Monthly service fees hit a new high at an average of $11.97.
Minimum balances also set a record with an average balance of $3,461.84
needed to keep an account open. In 2006 bounced check fees were $28.32
and monthly service fees on interest checking accounts were $11.72. (CF
Library 9/26/07)

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AmEx and Macerich Launch a Green Gift Card

American Express has partnered with REIT Macerich to launch the “Give Green” Gift Card.
Every purchase of a “Give Green Gift Card” benefits American Forests, the nation’s oldest
nonprofit citizen conservation organization, which is dedicated to growing
a healthier world through healthier forest ecosystems. Macerich is
committed to contributing at least $100,000 to the organization.
The Macerich “Give Green Gift Card” can be redeemed at U.S. retailers and
restaurants that accept American Express Cards. The Gift Card is available
in denominations ranging from $20 to $500 and can be refunded if lost or
stolen.

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CREDITZ.CO

CEO America has launched CREDITZ.com” loyalty payment
system which offers features such as paying account holders to refer
friends and family to go to CREDITZ.com and a mobile browser that allows
account holders to send CREDITZ via CREDITZ Mobile. CREDITZ is the first
payment system to integrate 21st Century technology
micro-payments, loyalty, marketing and business intelligence into an
offline and mobile operating platform. Users joining CCREDITZ can fill
out a survey to get 200 CREDITZ immediately added to the account. To get
more CREDITZ, users can log in to refer friends to get a free “CREDITZ
Account Card”.

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FIS Third Quarter Revenues Climb 25%

Fidelity National Information Services reported that third quarter
revenue increased 25% to $894 million. Excluding eFunds revenue, revenue
increased 9.4% to $751 million, driven by 25.5% growth
in International, 9.0% growth in Integrated Financial Solutions and 3.7%
growth in Enterprise Solutions. The strong performance in International
was driven by growth in FIS’ core bank processing operation in Germany,
new customer implementations, the company’s Brazilian card processing
joint venture and favorable currency rates. During the quarter, FIS
completed the spin-off of Lender Processing Services. On October 13th
FIS completed the previously announced sale of Certegy Australia. For
complete details on FIS’ third quarter performance visit CardData
([www.carddata.com](http://www.carddata.com))

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SMART CARD ROLL-OUT

The country’s national debit network is gearing for the countrywide roll-out of smart cards and chip-enabled terminals. INTERAC has set transition requirements to have the new technology in place by 2010. Magnetic stripe transactions will no longer be accepted at ABMs after 2012 and at store terminals after 2015. Meanwhile, INTERAC, MasterCard Canada, Visa Canada and their respective card issuers and payment processors released a survey that shows the Kitchener-Waterloo trial of chip card technology was a success. According to the research, 88% of consumer respondents indicated that chip cards are as easy to use as existing magnetic stripe cards, and 85% of respondents indicated that the information received from their financial institution about
their new chip card was easy to understand. Kitchener-Waterloo merchants also had a positive experience transitioning to chip-enabled store terminals, with 75% of front line employees indicating that processing chip card transactions is as easy or easier than processing magnetic stripe transactions.

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New York & Company to Accept MC PayPass

Women’s clothing retailer New York & Company is now accepting MasterCard
“PayPass” at 600 locations. According to MasterCard research, consumer
preference and satisfaction is driving PayPass growth and usage
globally. A 2007 MasterCard PayPass
Benchmark Study found that about 90 percent of PayPass-using respondents
were satisfied with their experience, and 71 percent of PayPass
consumers said they use PayPass as their primary card for everyday
purchases. New York and Company becomes the first
national apparel merchant to accept MasterCard PayPass.

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MAESTRO ACCEPTANCE

MasterCard has unveiled a new program to boost the speed and online acceptance of its “Maestro” debit card. The “Maestro Advance Registration Program” enables merchants to enroll the customer in the “SecureCode” authentication during the first transaction. Subsequent purchases the same customer makes at the merchant’s Web site using the same Maestro account can then be processed without additional “SecureCode” authentication. MasterCard notes that about 40% of Internet transactions in the UK are on debit cards. In many countries, there is limited or no access to online purchases using debit cards.

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AmEx OPEN Launches Economy Forum for Biz

American Express OPEN announced the launch of “OPEN Forum’s Economy” section, a new platform for small business owners to connect virtually to discuss the current state of the economy and how it affects
their businesses. The “Economy” section of “OPEN Forum” features blog and news commentary, expert tips and advice for surviving the downturn, personal experiences from business owners across the country about how they are managing in times of the downturn and polls about what the state of the economy means for small business. Also part of “OPEN Forum’s” enhanced content, “OPEN” has unveiled new video segments
from “Inside the Entrepreneurial Mind,” an interview series featuring
roundtable discussions with celebrity business owners in key vertical industries. Also featured on “OPEN Forum” is mainstream media coverage from best-in class small business news providers such as CNNMoney.com, Entrepreneur, Fortune Small Business, Inc, iVillage, Slate and WIRED.

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Hypercom Intros Entry-Level Optimum Terminal

Hypercom has introduced the “PCI PED”-approved, 32-bit “Optimum T4205”
card payment terminal. The “T4205” shares the same platform and compact
form factor inherent in Hypercom’s “T4200” products but will be offered
as an entry-level terminal for smaller merchants. A consortium,
consisting of The Phoenix Group, TASQ Technology and POS Portal, will
have exclusive indirect distributorship rights to sell the terminal
through 2009. Chase Paymentech, Elavon, National Processing Company and
TSYS Acquiring Solutions have indicated their intent to “Class A”
certify the device during the first quarter. First Data also has agreed
to support the “T4205” on its “Omaha” platform during the first quarter.

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