Equifax USCIS Revenue Slips 9.5% in Q3

Equifax reported that third quarter revenue slipped 2% year-on-year to
$484.1 million, but that net income rose 6% to $72.3 million. Total
revenue for its U.S. Consumer Information Solutions
was $220.6 million in the third quarter, a 9.5% decrease from 3Q/07. The
operating margin for USCIS was 38.2% in the third quarter of 2008, up
slightly from 38.0% in the second quarter of 2008. Operating margin in
the third quarter of 2007 was 39.8%. The North America Personal
Solutions unit produced total revenue rose to $40.9 million, a 6%
increase from the third quarter of 2007. Operating margin was 29.8%, up
from 26.9% in the third quarter of 2007. For the fourth quarter the
Company expects total revenue to be in the range of $453 million to $463
million. For more details on Equifax’s third quarter performance visit
CardData ([www.carddata.com](http://www.carddata.com)).

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SCOTIAGLOBAL

Scotiabank’s Global Transaction Banking has launched
“ScotiaGlobal” electronic banking and “Integrated Payments” through
ScotiaConnect. ScotiaGlobal offers GTB clients who operate their business
across the NAFTA region access to real-time information on their
Scotiabank accounts in Canada, the US and Mexico. Through a single sign-on
to ScotiaGlobal, clients can also access their ScotiaConnect and Scotia En
Linea services to
manage their electronic cash management and payments across the region.
ScotiaGlobal also includes links to other Scotiabank international
online banking platforms along with trade finance and foreign exchange
services. In addition, valuable content on interest rates and economic
reports are available for clients who conduct business globally. The
Integrated Payments service streamlines the process of multiple
collections and disbursements, improving cash flow and reducing expenses.
Integrated Payments also allows clients to conveniently view, approve and
delete Electronic Fund Transfers and Automated Clearing House payments
online through ScotiaConnect.

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RedFin Network is PCI/CISP Compliant

FL-based Virtual Payment Solutions announced that Visa has accepted
Digital Resource Group’s filing of the Receipt of Compliance for the
“Blue Bamboo RedFin Network Payment Gateway”. DRG is
a Visa-approved auditor for regulatory compliance. VPS and its parent
company Secured Financial Network will move forward to co-brand the
RedFin Payment Gateway for Independent Sales Organizations (ISO’s),
banks, and processors.

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NETELLER NET+ CARDS

NETELLER Plc and partner TransSend Payment Services have begun to provide
Net+ Cards to its e-wallet customers. NETELLER e-wallet consumers can sign
up for these two new Net+ prepaid cards; “Net+ Virtual Prepaid Card by
MasterCard” for use online. The virtual
card application generates a single use, unique 16 digit card number and
populates the checkout page with full payment details for the user and the
“Net+ Prepaid Card by MasterCard” , a CHIP and PIN
plastic card which allows consumers to access funds within their
e-wallet at points-of-sale or by withdrawing cash at ATMs. The card will
be usable at 27.3 million acceptance locations, including 1.9 million
ATMs and other locations where cash may be obtained.

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U.S. Bancorp Acquiring Volume Flattens

U.S. Bancorp reported that its third quarter merchant acquiring volume grew 5% over 3Q/07 to $66.9 billion, but flat compared to the prior quarter. Credit card charge-offs rose to 4.85% for the third quarter, compared to 3.09% for 3Q/07 and 4.84% for the prior quarter.
Average credit card loans rose 5.7% to $12.2 billion. U.S. Bancorp’s Payment Services unit contributed $269 million of the Company’s net income in the third quarter, a decrease of 1.8% from the same period of 2007 and a 2.9% decrease compared with the second quarter of this year.
Net interest income increased 1.6% on a linked quarter basis, as loan volume growth was offset by declining rates. Total noninterest income increased slightly as increases in credit and debit card revenue and corporate payment products revenue due to volume growth were offset by a decline in merchant processing services revenue due to lower same store volumes and a change in the volume mix to business sectors with narrower processing margins. U.S. Bancorp currently processes for 847,897 merchants. For complete details on U.S. Bancorp’s 3Q/08 performance, visit CardData ([www.carddata.com](http://www.carddata.com)).

MERCHANT ACQUIRING VOLUME HISTORICAL
3Q/06: $56,411,000,000
4Q/06: $56,007,000,000
1Q/07: $57,839,000,000
2Q/07: $62,853,000,000
3Q/07: $63,882,000,000
4Q/07: $62,382,000,000
1Q/08: $64,853,000,000
2Q/08: $66,940,000,000
3Q/08: $66,941,000,000
Source: CardData (www.carddata.com)

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WAUSAU Hires Exec for its FDC Project

WAUSAU Financial Systems has hired Charlie Gibbons, previously with
Geller Services, as its EVP of Strategic Business Development.
As part of WFS new outsourcing venture with First Data Corporation to
provide full-service processing, Gibbons role will set the strategic
focus for the outsourcing initiative, including the coordination of all
sales, marketing, product management,
operations and product development efforts. Prior to Geller, Gibbons
served as a key strategist for Electronic Data Systems and was a
managing director for global business process outsourcing at
PricewaterhouseCoopers. In the mid 1990’s Gibbons was
president and CEO of Dun & Bradstreet Services When the corporation
changed direction, Gibbons launched the venture on his own and grew it
to annual revenues of $450 million as Intellisource. WAUSAU Financial
Systems is a provider of payment and remittance processing solutions.

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ProPay Targets eBay PowerSellers

UT-based ProPay has introduced the “eAuction Account” for eBay’s
silver, gold, platinum, and titanium “PowerSellers.” The new product is
integrated with the eBay checkout process and gives sellers the ability
to accept credit and debit cards. The transaction fees are determined by
the seller?s eBay “PowerSeller” tier: “Silver” ? 2.7% plus $0.30 per
transaction; “Gold” and “Platinum” ? 2.4% plus; and “Titanium” is
negoiable. The “eAuction Account” is available for an annual fee of $24.
This fee will be reimbursed in the form of a $24 processing credit to
those eBay sellers who process over $3,000 with ProPay during the first
6 months following their account activation. In January 2009, the
company says it will be launching the “eAuction Pro Account” that is
integrated with “eBay Checkout” and provides several other credit and
debit card processing options, such as an online virtual terminal and
touch-tone phone processing.

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BRIDGE:TEST

ATM software solution provider Level Four has introduced “BRIDGE:test
2.10”, the latest version of its open standards-based ATM software
solution. BRIDGE:test 2.10 consists of a new Regression Test
Manager (RTM) engine designed to use a database repository for test
data. BRIDGE:test 2.10 includes a new database repository that provides
improved reporting delivery capabilities and access to test information,
as well as easier integration to enterprise wide test tools such as HP?s
QualityCenter. BRIDGE:test .2.10 gives financial institutions the ability
to control test script management in one location and have execution
completed in another location, supporting an outsourcing strategy with
confidence. ATM testing is one key area where the benefits of
outsourcing are increasingly evident, due to the significant cost
savings that are possible through a successful outsourcing strategy.
The enhanced suite of solutions also has a more visual workflow-based
approach to the testing function.

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TNS Hires a Former First Data Exec

TNS has appointed Jim Foster, previously with First Data, as its new SVP
for POS operations. Formerly Vice President and National Sales Manager
at First Data Corporation, Foster brings with him
over 20 years of experience in the financial services and payments
industries. Prior to First Data, Foster also
held positions with American Express and MoneyGram Payment.
Foster holds a BS in business administration with a concentration in
marketing from Colorado
State University. TNS has designed and implemented multiple
data networks, each designed specifically for the transport of
transaction-oriented data and provides services globally with 28 offices
throughout the world.

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Chicago Bears Get Blinked by Chase

Chase and MasterCard have introduced the “Chicago Bears Debit MasterCard
with Blink.” The debit card has no annual fee and comes with special
features and offers, including The Chicago Bears team colors and logos,
including an orange magnetic stripe on the back; exclusive discounts and
promotions with the Chicago Bears; invitations to special Bears events
presented by Chase, such as a
Draft Day Party, Family Night and a special look at Training Camp and
Blink, which allows customers to tap and go when paying for
concessions in Soldier Field and at participating merchants around the
world that accept MasterCard “PayPass”, a fast and convenient
alternative to cash that
reduces the transaction time by as much as 40%.

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Leapfrog Online Lands Cap One Exec

Chicago-based digital direct marketer Leapfrog Online has tapped Tony
DeNunzio, previously at Capital One, as its new VP of Financial
Services. At Capital One Financial Corporation, where DeNunzio built
online strategy for card member acquisition and
developed Card Lab, the industry’s first completely customizable credit
card website. He has held senior positions at Arc Worldwide developing
integrated, multi-channel direct marketing campaigns for leading clients
including Morgan Stanley and credit card product launches for Walt
Disney Company and Starbucks. Tony also founded and led D7 Consulting,
LLC, a direct marketing consulting firm.

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Faber to Accept PayPass Nationally

Travel and hospitality retailer Faber, Coe & Gregg is accepting
MasterCard PayPass at over 80 locations. Faber customers tap their
PayPass-enabled MasterCard card or device on a PayPass reader at
check-out, eliminating the need to hand their card over to a cashier or
fumble for cash. MasterCard PayPass also does not require customers to
sign receipts for purchases under $25, further speeding up the
transaction. Faber operates nationally-recognized retail brands in East
Coast airports, train stations, highway rest stops and hotels. The
Faber family of brands includes a wide
variety of national retail brands, newsstands, and café shops, such as
Hugo Boss, Cubavera, Diamond Fire, Taxco, L’Occitane, Faber News Now,
Dunkin Donuts, Java Moon, Cuban Coffee, Seattle’s Best Coffee, Wetzels
Pretzels, Pizzeria Uno Express, and Sandella’s Flatbread Café.

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