Eltna Completes Tranax Technologies Deal

Eltna Korean holding corporation has completed its acquisition of Tranax
Technologies ATM and self-service terminal developer. The acquisition
agreements stipulate Tranax is now a division of Eltna
Corporation, the latter of which holds companies in ATM system,
components, imaging, design and manufacturing and has served as original
equipment manufacturer for Tranax ATM systems in recent years. Also
under the agreement, Eltna’s CEO will assume the role of Tranax CEO
after a period of transition along with a new CFO provided by the
holding company. Having sold over 100,000 ATMs, Tranax provides
self-service industry design, development, manufacturing and sale of
self-service technology for retail, banking, hospitality, entertainment
and gaming industries.

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DCS’ CardWizard Software Enters Ohio

Instant issuer Dynamic Card Solutions has signed OH-based Glass City
Federal Credit Union. DCS will be installing its CardWizard software and
Datacard 150i
embossers in Glass City FCU’s four branch locations throughout Northwest
Ohio: the main branch in Maumee, and three remote branches
including one in Bowling Green and two in Toledo. Glass City FCU’s
Visa instant issue program is expected to go live later this year. DCS’
CardWizard instant issue software can be configured to accommodate
the goals and objectives of most card-issuance environments. CardWizard
is a component-based software application and can instantly issuing
Visa and MasterCard products at the branch level for banks, credit
unions and retailers. The software consists of central and branch level
elements and is installed, along with an in-house data preparation
system, in the issuer’s central computer room, allowing financial
institutions to instantly issue cards to consumers at each branch.

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MasterCard Names a DBS Exec to the Board

MasterCard Incorporated has elected Jackson Tai, former vice chairman
and CEO of DBS Group, to its Board of Directors and returns to a full
complement of nine Class A directors and three directors representing
the financial institutions that own MasterCard Class M shares. Tai, 58,
joined DBS Group in July 1999 as Chief Financial Officer, and
subsequently served as President and Chief Operating Officer until his
appointment as CEO. Prior to joining DBS Group, Mr. Tai was a Managing
Director in the Investment Banking Division at J.P. Morgan & Co.
Incorporated, where he served 25 years and held several management
positions in New York, Tokyo and San Francisco.

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Argus/TransUnion Unveil Credit Dynamics 360

Argus Information and TransUnion have launched the first solution that
provides senior financial services executives with a comprehensive and
customized view of the U.S. consumer credit landscape.
“Credit Dynamics 360” offers 75 depersonalized key credit
characteristics. Some of the key areas of comparison include:
delinquencies, geography, account originations, credit line management,
outstanding balance trends and market share. As part of the credit
characteristic trend analysis, clients will receive detailed quarterly
reports, executive summaries and bi-annual management presentations.

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SCA and ETA Team for Smart Card Webinars

The Smart Card Alliance and Electronic Transactions
Association is hosting four “Smart Card Payments Application Series”
webinars addressing the use of smart card technology within the
payments industry. The first webinar, “Smart Cards in Mobile
Payment/Near Field Communications,” is slated for September 25th. The
presentations will examine what is the market outlook for mobile
commerce and mobile payments; what is NFC, what are NFC applications and
how is the technology used for proximity mobile payments; who are the
stakeholders in the mobile payments ecosystem and what are likely
proximity mobile payments business models; what merchant infrastructure
is needed for proximity mobile payments; what are key hurdles to
widespread use and acceptance of NFC-enabled mobile payments and what
should acquirers and merchants do next? Speakers scheduled include Randy
Vanderhoof, executive director of the Smart Card Alliance; Deborah
Baxley, partner, IBM Global Services, and Chair of that Smart Card
Alliance Contactless and Mobile Payments Council; and Charles Walton,
EVP payments, INSIDE Contactless and former co-chair of the Smart Card
Alliance Contactless and Mobile Payments Council.

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Consumers Embrace Mobile Banking Services

A new survey has found that consumer interest in mobile banking and
payments services has risen significantly over the past two years.
About three out of four surveyed indicated they would consider using
mobile banking services if offered, compared to 49% in March 2006. The
poll, conducted in April for Fiserv by MQA Research, also found that
security continues were a concern to 72%, yet 82% of consumers say they
would sign up with their financial institution for mobile security text
messages that would alert them of password changes and other access
changes, while 79% would sign up for account balance alerts. Cost was
the second-most cited concern about mobile banking services.
Additionally, the survey revealed that consumers under age 35 are less
bothered than older segments with traditional barriers cited in the
study to new technology adoption such as lack of knowledge about how
services work.

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BANCO-POSTA-ONLINE

Poste Italiane has signed contracts to deploy 730,800 of the XIRING
“Xi-Sign 4000” authentication solution for its “BancoPostaOnline” online
banking service. XIRING, and its Italian partner Sheltering, were chosen
by the Italian bank to provide strong authentication solutions to secure
the company’s e-banking customers using the “BancoPostaOnline” service
and “BancoPostaClick.” XIRING security solution provider develops
security software embedded in smart card readers for strong
authentication and digital signature for over 5 million users.

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YES VISA

YES Bank has partnered with J.P. Morgan prepaid card solutions to offer its customers “Visa US$” prepaid travel cards. The “Visa US$” prepaid travel cards provide customers added security and convenience for travellers for use outside India, Nepal and Bhutan to withdraw cash in local currency at ATMs. J.P. Morgan provides prepaid card services to
more than 1,000 clients globally and services more than 10 million debit
cards with $1.9 billion in financial transactions settled monthly while
India-based YES Bank is steadily building corporate and institutional
banking.

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CMB HE VISA

China Merchants Bank and Visa are launching a credit card
with the Chinese character of “He,” highlighting “harmony”, the theme of
the 2008 Olympic opening ceremony in Beijing. Toward the goal, CMB is
deploying the INNOVATION “IAM VSAM” application performance enhancement
solution through IBM “z/OS VSAM” for its “All-in-One Card” credit card
and online retail banking. IAM is to improve upon CMB’s “CardLinK”
credit card application due to the processing lag of daily cycles on
schedule of the latter. “CardLinK” from Atos Origin provides a modular
system to support principal functions of payment card management.
Operational tests show IAM cut “CardLink” job run times by an average of
52%, reducing elapsed run times from between 20% to 80%. CMB grew its
consumer credit business from 5 million credit cards on issue in 2006 to
over 20 million entering 2008 and today is the largest issuer of credit
cards in China.

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