G&D AND VIVOTECH

Using multiple Single Wire Protocol (SWP) prototype mobile phone models,
ViVOtech and Giesecke & Devrient (G&D) testing has confirmed
interoperability amongst the G&D NFC-enabled SIM cards and the
ViVOtech’s “Over-the-Air” (OTA) NFC Infrastructure Software. With this
confirmation, the companies have announced intentions to launch an NFC
Field Trial with a large European mobile network operator (MNO) and an
issuer bank. The partnership will combine NFC applications with the SIM
card through special OTA servers on a mobile network. Giesecke &
Devrient employs nearly 9,000 and had 2007 revenues of over EUR1.5
billion while ViVOtech NFC mobile payments has shipped over 450,000
contactless terminals to more than 30 countries worldwide.

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ICPNO STANDARDS

This month, representatives of European and North American payment networks will be in attendance at the inaugural meeting of the International Council of Payment Network Operators. The London event on September 22nd will hopefully create a framework that allows global interoperability of national networks, providing access to consumers and merchants on other networks and resulting in greater transactional volume for all participating networks. Many payment network operators offer a new form of alternate payment which is rapidly gaining market and consumer acceptance, allowing consumers to make payments to online merchants using their chosen financial institution’s online banking website. The adoption of alternate payment networks has been driven by consumer demand for easier, private and more secure online payment options. The new payment type sponsored by banks uses the existing banking system, including online consumer authentication, cash management and settlement services. The ICPNO says global network interoperability is key to allowing a consumer in one country on one network to purchase goods or services from a merchant in another country on another network.

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NCR ATMS

NCR has deployed its “SelfServ” ATMs in Cambodia to drive revenue and
Improve Consumer Satisfaction. The newly launched ATMs allow for easier
introduction of multi-function services, greater ATM availability to
customers- among the key priorities for banks in Southeast Asia- and
“self-healing” capabilities from software failures without intervention.
NCR “SelfServ” also provides bill payments services, no-envelope
intelligent cash deposits, no-envelope intelligent check deposits and
feature protected USB technology. The NCR Corporation global technology
company offers its support services for retail, financial, travel,
healthcare, hospitality, gaming and public sector organizations in more
than 100 countries.

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Instant Payment Card News Service Unveiled

Payment card industry news went to a new level today with the upcoming
introduction of an instant online service that offers breaking raw news
and fresh proprietary data. CardWeb.com® also announced special offers
in celebration of its 22nd business anniversary and its 13th year
online. The Company has introduced a new comprehensive “Diamond+” level
of service that includes the new CardQue™ service. CardQue™ will give
CardWeb.com®’s best subscribers access to news items gathered from
thousands of sources while processed by editors and reporters.
CardWeb.com® pioneered the first daily news service for the payment card
industry in 1995 when the Company launched its Web site and now has a
library of nearly 45,000 domestic and international news stories. The
new “Diamond+” service includes single, company wide custom password
access to CardFlash®, CardFlash International®, CardData®, CardWatch®,
CardExecs™, CardPixes™, CardQue™ plus free inclusion in CardResource™, a
40% discount on special research projects, site advertising and private
consulting as well as deeply discounted or complimentary access to
payment card industry events via CardConferences™. Additionally,
CardWeb.com® announced special anniversary offers to new and existing
subscribers including a 5% discount to all clients using a credit card,
debit card or wire payment through October 15th and
purchasers of single user subscriptions to CardFlash® can add a second
user for only $1 through October 31st. For more information email
dmckinley@cardweb.com.

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MVS & TOPSERIES

GuestLogix on-board retail systems for airlines has signed agreements to
integrate its “Mobile Virtual Store” with the Thales “TopSeries”
Inflight Entertainment System. Now users can conduct on-board
redemption for Thales entertainment services, such as movies and video
games, through the GuestLogix “Concierge” secure identification which
uses codes to minimize fraud with out a POS. The travelers can pre-pay
for on-board entertainment services online, for which they are issued a
“Concierge” code to input through using the virtual keypad on the touch
screen. The entertainment transactions also allow for refunds in the
event of partial/non-fulfillment of service. Thales employs 68,000,
22,000 of which are R&D engineers, in 50 countries and had 2007 revenues
of EUR12.3 billion.

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PAYMENT SUITE

The BORN Group network of merchants and brands has signed a five year
payment and joint marketing agreement with NETELLER online payments for
the exclusive use of a version of its “Payment Suite.” The “Payments
Suite” will be extended for the use of the 1 million BORN Group network
members worldwide through its “BornForSports” and its BORN Group
marketplace platform. This “Payment Suite” includes the “NETBANX”
international payments gateway, the NETELLER “e-wallet” and “Net+”
cards. Testing is currently underway for the implementation of the
NETBANX payment gateway to replace the previous proprietary in-house
payment processing system for the BORN Group online marketplace sites.
Serving consumers and merchants in over 160 countries for which it
manages billions of dollars annually, the NETELLER Group operates its
independent online payments business through its collection of brands.

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GPN & ZAO

Atlanta-based Global Payments has inked a deal to acquire Moscow-based ZAO United Card Service. UCS provides indirect
payment processing services to over 70 financial institutions and for
over 2,500 ATMs in Russia. In December, UCS entered into a ten-year
marketing alliance agreement with Rosbank, which provides UCS with Visa
and MasterCard bank sponsorship. Rosbank, along with over 40 other
financial institutions in the Russian Federation, also provides agent
bank processing referrals to UCS under this agreement. Under the terms
of the agreement, GPN will pay $120 million in cash to acquire UCS.
According to CardFlash international, UCS produced $34.2 million in
revenue last year with approximately one half of the revenues from the
company’s direct acquiring operations.

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National Credit Ed Bus Tour Set to Take-Off

The National Association of Personal Financial Advisors, Consumer Education Foundation, TD AMERITRADE and Kiplinger’s Personal Finance magazine have taken it upon themselves to launch a
national bus tour to deliver free personal financial education. Slated to kick-off on September 29th Jersey City, NJ, the “Your Money Bus Tour” will travel from coast-to-coast for one-year. At each stop, volunteer financial advisors will be on hand to conduct free advice events and symposiums. TD AMERITRADE is providing the primary financial support of the bus while Kiplinger’s is providing promotional support for the program in both its magazine and Website properties.

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PRECIDIA & TRANSNET

Precidia Technologies designer and manufacture of Internet Protocol
payment and networking products and OMEGA Processing Solutions have
signed processing agreements. With these agreements, OMEGA will provide
for Precidia’s “TransNet” payment application an integrated payment
solution for electronic cash registers. Providing a more flexible
integrated payments solution with no cost routing to multiple gift and
loyalty processors, “TransNet” is compatible with payment routers
through which it connects to existing POS devices for integrated
payments routing and is certified with such processors and ECR
manufacturers as Sharp. OMEGA Processing Solutions full-service
electronic payments company provides credit/debit card processing; gift
card issuing and processing; check guarantee, free bad check recovery
and receivables
financing to help businesses with cash flow while Precidia Technologies
designer and manufacturer of Internet Protocol payment and
networking products is present in over 85 countries.

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Saylent Board Adds an Industry Heavyweight

MA-based payment intelligence provider Saylent Technologies has
appointed Gary Heatherington, previously with Cyota, to its board of
directors. Heatherington has 32 years of international
management and leadership experience in financial services, payment
systems, e-commerce, retail and manufacturing. He was most recently CEO
at Cyota Inc., an electronic payments technology company. Before that,
he was CEO and President of Bank One Canada, was Executive Vice
President with MasterCard International and held executive positions at
National Trust Company and Bank of Montreal. He has also held a number
of directorships with financial companies including First Data,
RewardsNOW, Visa Canada and many other organizations.

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JULY CB INDEX

The Japan leading index decreased by .5% while the coincident index also
decreased .2% for the month of July 2008, according to the Conference
Board. The leading index’ decline is consistent with a 4.2% decline
since January and is a direct result of falling stock prices, real money
supply, business conditions and real operating profits. Meanwhile, the
coincident index decline is consistent with the 1.7% drop over the
preceding 6 months and is mostly thanks to employment, wage and salary
income components. Founded in 1916, The Conference Board is a business
membership and research network to help executives build professional
relationships, expand business knowledge and find solutions to business
challenges.

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