ExaDigm Names a New Chief Executive

Wireless POS provider ExaDigm has appointed Jack McDonnell, previously
with PayLinx, as CEO. McDonnell was CEO of PayLinx, a payment software company which was later sold to CyberSource. In 1990 he founded TNS, Inc., a worldwide provider of data communications services for the financial and telecommunications industries which he took public. He served as Chairman and CEO of the company from 2001 to 2006. McDonnell is a founder of the Electronic Funds Transfer Association
(EFTA). McDonnell will succeed Michael Mulcahy, who resigned as CEO effective October 9, 2008.

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Holiday Gift Card Sales May Drop 11%

A new study indicates that gift cards are not yet ‘top-of-mind’ with
consumers. Thirty-eight percent of survey respondents state they will
buy a gift card this year, compared to 49% who said they purchased one
last year. The NPD Group survey also found that the number of consumers
who will ‘spend on credit’ this year is down 2%. This year 26% of
consumers surveyed told NPD they plan to spend less. In the 2007 survey
results only 18% said they planned to spend less. Sixty percent of
consumers surveyed say that either a ‘special sale price’ or ‘overall
value for the price’ will influence where they shop this holiday. The
findings are based on information from 2,030 completed interviews of
NPD’s online consumer panel.

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35% of Holiday Shoppers to Spend Less

About 35% of U.S. consumers across all income levels expect to spend
less this holiday shopping season. The Nielsen Company forecasts 4.7%
growth in dollar sales or $98 billion across grocery stores, drug
stores, mass merchandisers1 and convenience stores, for the holiday
shopping season. The growth forecast, slightly higher than last year’s
4.5% gain, is in large part due to higher commodity prices. Nielsen
projects unit sales, however, to be flat or down 0.8% versus a year ago.
Nielsen notes that convenience and gas retailers may come out ahead this
year with 12% of consumers expecting to spend more in these locations,
likely related to a rise in pre-paid gas cards as gifts this holiday
season. Nielsen’s survey of 21,000 U.S. households shows that economic
concerns are also putting a damper on holiday spending among those
earning more than $100,000 annually, with nearly one-third of affluent
shoppers planning on spending less this holiday season.

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Phoenix’s Virtual Mailbox Gains Traction

Market researcher Phoenix Marketing International’s “Virtual Mailbox”
has been adopted by two major domestic credit card companies.
Virtual Mailbox, a component of Phoenix’s Target Marketing product
suite, predicts the likelihood of success of direct mail offers through
on-line research conducted prior to mail-out. During the test, consumers
open a digital mailbox, remove contents, and take actions based on
real-time responses to the mail received. “Virtual Mailbox” can
determine the estimated take rate for each new offer
and compares it with current offers. It also pinpoints the likes and
dislikes of each new concept’s features and benefits, and identifies the
features and benefits that drive the most interest. Virtual Mailbox can
provide relevant, critical research at any point in
the development cycle, from rough concepts to post-launch monitoring. It
can evaluate both pre-launch concepts and offers and competitive clutter
mail. Clients can also use Virtual Mailbox to test ‘out-of-the-box’
concepts deemed too costly or risky to put into the actual marketplace
without prior research.

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NEOVIA

Online payment provider NETELLER has changed its name to NEOVIA Financial. Earlier this year, the Group revitalized both its NETELLER consumer and NETBANX business brands, and has recently announced the relaunch of its
Net+ card brand. The name change is expected to provide a broader
umbrella for future growth, as well as enhancing the Group’s credibility
with both merchant and end user customers, partners and regulators. It
also positions the Group well for further progress in its financial
services strategy. The name, meaning “New Way”, supports the
Group’s strategic vision of providing differentiated, bold and exciting
online payment solutions that target merchants and their “online
generation” customers.The Board therefore believes that it is appropriate to change the Company’s name from NETELLER Plc to NEOVIA Financial Plc.

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PAY LINK NEW VP

E-payment provider Pay Linx has hired Jason Anderson as VP of Compliance, Security and Director System Operations. In
this role he will be actively involved in a number of initiatives as Pay Linx internalizes and enhances key applications to support its long term growth. He served most recently as Director of Engineering
Services with a leading provider of cryptographic solutions, where he managed the roadmap of new projects and technologies in the financial payment security industry. He has overseen the successful development of a number of devices designed to enhance the security of PIN-based transactions. Pay Linx, which is 22% owned by Royal Bank of Canada,
provides services to RBC for Canadian governments through QuickLinx
replacing cheque and voucher payments.

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IRISGUARD

Biometric identification system IrisGuard has been awarded a contract from the
Cooperative & Agricultural Credit Bank (CAC), Sana’a, Republic Of Yemen to provide a comprehensive iris biometric
identification management system for CAC Bank’s customers. The bank is the first
bank in the republic to deploy IrisGuard iBank Suite(R) and iris imagers
at all its branches in Yemen.
The “IrisGuard iBank Suite”
will be used to authenticate banking transactions
for all the bank’s clients. “IrisGuard iBank Suite” can be deployed in a diverse range of ways in the financial sector. Later this year, IrisGuard’s strong authentication
suite will be extended to customer internet online-banking services and
employee time and attendance. Additionally all 80 ATM’s units deployed
at Cooperative & Agricultural Credit Bank branches throughout Yemen will
be equipped with the latest “Dual Eye IG-AD100” Iris Cameras with
enhanced user interface thus providing greater user security, usability,
accountability, accuracy and low operational cost, which will ultimately
reduces the total cost of ownership for banks worldwide.

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CPI CARD GROUP CANADA

CPI Card Group has acquiring a facility formerly known as Metaca, located in the greater Toronto area.
This latest acquisition is keeping with the CPI strategic vision of expanding to support its ever growing international
customer base. The Canadian financial card landscape is changing quickly
with the rollout of EMV, Dual Interface and contactless chip technology.
CPI’s focus is to provide the Canadian customers with innovation,
flexibility and delivery to help them better compete in their market
sectors. The new full service bureau facility will be named CPI Card Group –
Canada and will be led by well-known card industry executive Anna Rossetti
as President. Rossetti, who was formerly president of Giesecke & Devrient
(G&D) in Canada. Before joining CPI, Rossetti spent 8 years in Toronto with G&D having
served as its President for the last 4 years and SVP Sales and General
Manager prior to that. During her tenure, Rossetti was instrumental in
providing the strategic vision and leadership that positioned G&D as a
market leader. Rossetti’s expertise will provide the necessary direction in
leading CPI through its company growth in Canada.

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CITIBANK DEBIT/ATM CARD

Citibank today launched the Citibank Debit and ATM Card,
offering customers global access to cash, free of charge at 13,500
Citibank ATMs in over 100 countries, and convenience to make purchases
at more than 29 million Visa merchant outlets worldwide. Citibank is targeting to issue 100,000 new cards over the next 12 months.
With this card, Malaysians traveling overseas will be
able to obtain cash from over 13,500 Citibank ATMs across 100 countries
worldwide, at no extra costs. Customers can also pay for purchases using
the debit card at over 70,000 VISA merchant outlets in Malaysia and more
than 29 million VISA merchant outlets worldwide. Free Retail Purchase
Protection Plan: Along with the convenience of a large global network of
ATMs and merchants, Citi’s debit card also provides customers with
automatic retail purchase protection of up to 30 days, in the event of
stolen, loss or damaged goods up to the prescribed limit.

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UNIVERSAL CREDIT CARD

ZAO Citibank, ZAO Express Card and MasterCard have announced the launch of a joint credit card that contains a contact-free chip for travel in Moscow’s “metro” underground rail system and allows the holder to make retail and online purchases to take advantage of numerous discounts available in Russia. This is the fifth “transport: credit card offered by Citi – previously, such projects have been successfully launched in Singapore, Delhi, New York and Washington, D.C. The partner companies releasing the card now plan to add the function of paying for travel on all forms of public transportation in Moscow.

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Global Cash Access Expands Customers with 20 Casinos

Gaming cash provider Global Cash Access expands its roster of customers with the addition of 20 international casinos.
The expansion includes 11 properties in the Czech Republic, marking
GCA’s entrance into that market. In addition to the Czech properties, GCA signed agreements with three
additional establishments in Canada; one in Switzerland; and five in the
Caribbean, including Antigua, Aruba, Belize, Curacao and Puerto Rico.
Among the services GCA will provide to the new casino customers are
efficient credit card cash advance and debit card withdrawals from GCA’s
QuikCash kiosks and terminals, as well as from casino cashiers. Casino
cashiers will also benefit from GCA’s QuikCash Plus Web browser-based
system, which streamlines and speeds transactions and improves customer
service.
GCA provides more than 1,100 casinos and other gaming properties,
including 100 outside of the U.S., with a range of cash access products
and information services that are designed to give patrons more
convenient access to cash – and enable properties to better serve,
understand, attract and retain their customers.

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