Diebold Lands 7 Campaign Office Patents

Diebold has received seven patents for its
“Campaign Office” software, which can transform ATMs into
revenue-generating business tools. “Campaign Office” enables ATMs to be
personalized by the financial
institution to support specific locales, unique backgrounds, a number of
languages and informational and branded service messages. Additionally,
because the software’s graphical interface is separate from the ATM’s
screen content, financial institutions can offer their customers the
freedom to make choices in message delivery, including language,
fast-cash amounts and receipt or no receipt transactions. “Campaign
Office” offers financial institutions access to information through
reports that provide usage patterns, customer responses from campaigns, a
list of non-customers using the ATMs, the status of message delivery and
more, allowing financial institutions to calculate their return on
investment at the ATM and enables financial institutions
to modify customer campaigns as-needed, which increases the campaigns’
effectiveness.

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Cashgiftingcashgifting.com is Launched

Cash GiftingCashGifting.com has rolled out its web site dedicated to
covering cash gifting programs, cash gifting legality, and how cash
gifting works. Cash gifting is the activity of giving a person a
gift of cash or currency. The cash is gifted with the understanding that
nothing will be given in return. There is no merchandise, property,
barter, services, or any expectation or favors, which will be passed
back or reciprocated to the person giving the cash gift.
In order to begin receiving cash gifts, someone simply joins a cash
gifting program usually by sending a cash gift. Once that is done and
any membership fees are paid they are now in a position to begin
receiving cash gifts that range in size from $100 to $10,000. Cash
gifting programs are set up in a way that the gifts a person
receives fall under the IRS annual exclusion of $12,000 making the gifts
tax-free, and the gifting program structure is linear so it can’t be
classified as an illegal pyramid or chain letter type of scheme.

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RBC Royal Bank Rolls-Out Mobex Mobile

RBC Royal Bank is testing “RBC Mobex Mobile Payment Service”, that enables users to easily and securely send and receive money instantly using a text message on their mobile phone. Participants in the trial are able to use the “RBC Mobex” payment service on their existing mobile phone, providing it has SMS – text messaging
capability. Users simply send a text message to RBC Mobex with the dollar amount and the recipient’s cell phone number. Funds are then taken from the sender’s Mobex account and moved to the recipient’s Mobex account. The recipient also receives an instant text message on their cell phone to let them know when the money has been sent to them.
Amounts of up to $100 per day can be sent to anyone with a mobile phone
serviced by any Canadian wireless carrier, even if they do not have an RBC Mobex account. Recipients just need to register for the payment service to access their funds. The RBC Mobex account is a stored value account and enrollment is through the RBC Mobex web-site, where money can be loaded from any bank account with any financial institution in Canada, or by using a credit card.

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WaMu Failure Pushes Chase to #1 Issuer

The largest bank failure in history has dumped nearly 13 million credit
card accounts into J.P. Morgan Chase’s portfolio. The FDIC seizure of
Washington Mutual last night will add $26.4 billion to Chase’s $155.7
billion U.S. credit card portfolio to establish Chase as the largest
credit card issuer in the USA. The acquisition also creates the largest
U.S. depository institution, with over $900 billion of customer deposits
and gives Chase a major footprint into the western states. Chase is
paying $1.9 billion to the FDIC to acquire the WaMu assets. Chase says
WaMu customers should be able to access the combined network of 14,000
ATMs without fees in the coming months. Chase also notes that the
acquisition creates the nation’s second-largest branch network, with
locations reaching 42% of the U.S. population.

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GIESECKE & DEVRIENT

Smart card provider Giesecke & Devrient is opening a
new Development Center in Pune, India. The facility is one of three G&D
Development Centers – alongside
those in China and at Group headquarters in Munich, the latter being
responsible for controlling all R&D activities. Together they represent
the cornerstones of the company’s worldwide smart-card development
organization, and ensure proximity to its international customer base.
The center’s approximately 80
employees are developing products based on smart-card technology for
applications in mobile communication, electronic payment and public
administration. Already in 2007, the German security technology group
boosted its research and development expenditure by 25 percent to around
100 million
euros.

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UPCODE & HALPA HALLI VISA

SEB Kort has signed a three year agreement with card processor NETS to
route their Nordic payment transactions through NETS. The agreement
brings NETS an important step closer to becoming a leading European
processor of card transactions. The NETS alliance is one of the leading
European processors of card transactions on behalf of acquirers located
primarily in Scandinavia. SEB Kort has acquiring agreements
with a total of 229,000 merchants in Scandinavia.

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Discover’s Q3 U.S. Card Profits Decline 36%

Discover Financial Services posted a 6% year-on-year gain in managed loans to $50 billion, and a 5% increase year-on-year increase in volume to $25 billion. For the quarter ending August 31st, Discover’s
managed over 30 days delinquency rate of 3.85% was up 4 basis points from the second quarter, and up 69 basis points from last year. The managed net charge-off rate increased to 5.20% for the third quarter rose 21 and 154 basis points, respectively, from last quarter and last year. Pretax income was $245 million in the third quarter, down 36% from the third quarter of 2007. The “Third-Party Payments” segment produced strong transaction volume of $35 billion, up 48% from last year, reflecting the impact of new issuers, increased volumes from existing issuers and the addition of July and August Diners Club International volume of $5 billion. Diners Club International volume is derived from data provided by licensees and is subject to subsequent revision or amendment. For complete details on Discover’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com)).

U.S. CARD PRE-TAX PROFITS
3Q/07: $380.6 million
4Q/07: $325.8 million
1Q/08: $375.4 million
2Q/08: $309.1 million
3Q/08: $245.2 million
Source: CardData (www.carddata.com)

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AUG INDEX

The Conference Board announced
that the leading index for Australia remained unchanged and the
coincident index increased 0.2 percent in July.
The leading index rose sharply in the second quarter but the
weaknesses among the leading indicators were more widespread, and, in
July, the index remained unchanged. While the coincident index has
continued growing on a general upward trend since the beginning of 2006,
its growth has been slowing moderately over the past year. At the
same time,real GDP expanded at an average annual rate of 1.9 percent in
the first half of 2008, well below the 3.6 percent average annual rate
of growth in the second half of 2007. Taken together, the recent
behavior of the composite indexes suggests that economic growth will
remain slow in the near term.

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Evolution Expands its TeacherDollars Program

CT-based Evolution Benefits will reward 10 Hartford public schools with
the Evolution Benefits “TeacherDollars Program” special-purpose debit
cards. The rewards go to teachers in schools that have demonstrated
marked improvement in the academic achievement of their students. In
order to be selected for “TeacherDollars Program” recognition, schools
must demonstrate significant gains on key indicators of school progress,
including results on Connecticut Mastery Tests. Each teacher, family
resource aide and principal will be rewarded with a “TeacherDollars
Card” valued at $200. This year, the total number of teachers
receiving cards significantly increases from 280 in 2007/2008 to over
380 for the 2008/2009 school year. The cards function only at selected
merchants who provide classroom-related products. Evolution Benefits
powers the programs of more than 200 health plan and
administrative services organizations and covers more than 11,000
employers.

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ADS Inks an AnnTaylor MasterCard Co-Brand

Loyalty program marketer Alliance Data Systems has signed
a multi-year agreement with specialty retailer AnnTaylor to
launch a new co-brand MasterCard credit card and an exclusive
points-based rewards program. Alliance Data will provide account
acquisition and activation; receivables funding; card authorization;
card issuance; statement generation; direct mail and email marketing
services; remittance processing; customer service functions; and
marketing services and will launch four all-new card-plastic designs,
including private label and co-brand cards for both the company’s Ann
Taylor and Ann Taylor LOFT brands.

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Nokia 6212 Classic to Offer Visa Payments

Visa also announced today at its “Innovation Briefing” that it has teamed with Nokia to deliver Visa payment and payment-related services – including contactless payments, remote payments, money transfer, alerts and notifications – for Nokia’s next generation handsets beginning with the “Nokia 6212 Classic,” expected to be available starting in October. The “Nokia 6212 Classic” includes integrated NFC chipsets which lets the mobile device behave like a contactless payment card. The deal represents the next phase in an ongoing effort between Visa and Nokia to make mobile payments a reality for consumers around the globe. The long-term collaboration between Nokia and Visa has already resulted in multiple trials of Visa mobile payments enabled through NFC technology on four continents, including in the United States with Wells Fargo Bank; in Malaysia with Maybank and Maxis; in Taiwan with Chinatrust Commercial Bank and Chunghwa Telecom; and London with Barclays Bank.

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