SAYLENT BOARD

Saylent Technologies payment intelligence has appointed Gary
Heatherington to its board of directors. With 32 years’ international
management experience in financial services, payment systems,
e-commerce, retail and manufacturing, Gary was most recently CEO at
Cyota electronic payments technology co, CEO/president of Bank One
Canada, Executive VP with MasterCard International, held executive
positions at National Trust Company and Bank of Montreal, in that order.
MA-based Saylent Technologies provides and develops payment intelligence
systems for banks, credit unions, financial service providers and
payment intelligence solutions designed to attract and retain customer
accounts.

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Super-Prime Credit Card APRs Drop Below 10%

According to the latest CardTrak.com survey, U.S. general purpose
credit card pricing ranges from less than a 2% APR for promotional
pricing to nearly 29% for punitive pricing. The average rate charged to
new “super-prime” credit cardholders with FICO’s between 760 and 850 is
now 9.22%, compared to a “sub-prime” APR of 20.83% for credit
cardholders with FICO’s between 500 and 659. “Prime” U.S. cardholders
with FICOs between 660 and 759 pay an average of 13.68% compared to
14.55% six months ago and 15.82% one-year ago. Last month, credit card
solicitations fell nearly 8% from the first quarter to the second
quarter of this year, according to Chicago-based Mintel Comperemedia.
The mail volume for the second quarter is about 17% off the third
quarter of 2007 high of more than two billion pieces. (CF Library 8/19/08)

LATEST CARD PRICING
Sep 08 Mar 08 Sep 07
Super-Prime: 9.22% 10.16% 11.17%
Prime: 13.68% 14.55% 15.82%
Sub-Prime: 20.83% 21.24% 22.17%
Promotional: 1.89% 2.23% 2.91%
Punitive: 28.77% 29.81% 30.68%
Source: CardTrak (www.cardtrak.com)

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PERATECH QTC

Peratech’s ultrathin “QTC switch technology” is being introduced in
response to its findings financial and identity theft of RFID for
Contactless information is not enough protection from unauthorised
access. Given Contactless RFID uses a short range wireless link from a
reader to activate a chip to provide the stored information, the reader
is too easily available for purchase by anyone, for whom the security
codes that protect the information is typically distributed through
websites. Peratech is introducing its thin, pressure-sensitive embedded
switch Quantum Tunnelling Composite (QTCs), activated only when the
authorized user applies pressure. This physical handing of the device
permits a more conscious decision on the part of the owner.

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EUDEBIT

2000Charge.com is now adapted to the clearing and settlement processing
formats
mandated by SEPA with its “EUDEBIT” solution allowing its merchants to
process, clear and settle in new SEPA credit transfers and direct debit
formats. “EUDEBIT” all-electronic straight through processing solution
operates across borders to maximize the conversion of European traffic
into sales for more than 700 million consumers in 31 countries,
including Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark,
Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland,
Italy, Liechtenstein, Latvia, Lithuania, Luxembourg, Malta, Netherlands,
Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden,
Switzerland and United Kingdom. US-based 2000Charge payments processor
has European and Asian offices.

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VPS & INSIDE

Vertical Payment Solutions has deployed INSIDE “Contactless Technology”
to power the “CAMPUS” cashless payments at the International School of
Bangkok. With the INSIDE “PicoPass” contactless memory card technology,
its “Accesso” desktop USB contactless reader, its “M210-2G” contactless
coupler and its “Hand’IT-2G Compact Flash” contactless reader, the
“CAMPUS” cashless payment application is to be integrated with
student/staff identity cards. This initiative will help ISB become a
cashless school by October of 2008, allowing students to purchase school
supplies and meals from campus restaurants. Also, funds can be added to
the CAMPUS smart card through its online payment gateway. INSIDE
provides advanced contactless microprocessor platforms on its more than
100 million products delivered worldwide.

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Delta SkyMiles Expands to 500 Partners

Delta has taken its loyalty program to a new altitude with a Mall
Networks partnership. The “SkyMiles” program has added 350 new
retailers. “SkyMiles” members now can shop at more than 500 online
retailers while searching and comparing more than 20 million products
through the new and improved “SkyMiles Shopping.” Members also can earn
up to 10 miles per dollar spent and receive special mileage bonuses and
savings. Now in its 27th year, “SkyMiles” is one of the longest-running
and most successful loyalty programs in the travel industry. It was
named “Best Frequent Flyer Program” for 2006 and 2007 by Business
Traveler magazine and received top honors for “Best Bonus Promotion”
from InsideFlyer magazine at the 2007 “Freddie Awards.”

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NORDEA & WINCOR

Nordea bank has ordered 500 transaction terminals from Wincor Nixdorf,
to which the bank is delegating ATM operation administration across
Finland for at least the next 5 years as well. For the Nordea ATMs,
Wincor will provide printer paper replenishment, system monitoring,
software management and network operation as part of its “Managed
Services” on its “ProClassic Enterprise.” The systems are scheduled for
deployment by the end of 2009 to afford users the convenience of funds
transfers, bill payment and account statement printing. Nordea Bank
serves nearly 10 million customers through its nearly 1,300 branch offices.

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JUMA MAJID & POSTILION

Juma al-Majid Group retail has deployed a new EMV-compliant POS Payment
Infrastructure provided by Postilion self-service banking software
solutions and the Network International payment processing firm. Every
transaction processed by Juma al-Majid through nearly 1,000 of its EPOS
terminals are to be switched and processed by the Postilion platform
using the “Postilion for Retailers” software solution integrated with
in-store EPOS devices. Network International card payment services
provides payment products and services in both the Issuing and Acquiring
across the region while the S1 subsidiary, Postilion, provides
integrated solutions for self-service banking and payment processing in
more than 50 countries with more than 100,000 ATMs and 500,000 POS
terminals.

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Global ATM Installations Near 1.8MM in 2007

The number of global ATM installations grew by 130,000 units last year to a total of 1,778,187, the fastest growth rate in seven years. A new study now projects that global ATM installations will exceed 2.5 million by 2013. London-based Retail Banking Research just released a new survey showing that growth continues to be stronger in the developing and emerging regions such as CEE and the Middle East and Africa. In contrast, growth in the more mature markets of North America and western Europe has continued to slow, with the focus shifting towards replacement terminals. Asia-Pacific remains the largest region and made the largest contribution to the growth in the worldwide ATM base last year, having added over 50,000 machines. China alone accounted for a staggering 40% of this increase. CEE also stood out, contributing 25% of growth despite only representing 7% of the global ATM market. RBR says that in the world as a whole, replacement machines will represent an increasingly important component of shipments. By 2013, two-thirds of all machines shipped worldwide are forecast to be replacements for existing ATMs. In most cases these replacement machines are a substantial upgrade in terms of performance and functionality, compared to the units they replace. In the mature North American market, the total proportion of shipments represented by replacements is more than 90%, and is set to rise to 99% by 2013 as the deployment of new installations stalls.

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AARP Tops 40 Million Members in the U.S.

AARP is celebrating its 50th anniversary with $7,000 that includes gift
cards awarded to AARP’s 40 millionth member. The prize package, awarded
David Squires of North Carolina includes a $500 Gift Card from
Walgreens, a $200 Gas Card, courtesy of The Hartford, provider of AARP
Automobile Insurance, a $100 Gas Card, courtesy of AARP Legal Services
Network by GE, a $100 Visa Gift Card, courtesy of Delta Dental, provider
of the AARP Dental Insurance Plan and a $200 Amazon.com Gift Card,
courtesy of Foremost Insurance Group, provider of AARP Mobile Home
Insurance & AARP Motorcycle Insurance.

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CHARGE Anywhere Offers E-Signature Capture

POS Solution provider CHARGE Anywhere has released signature capture on
the VeriFone’s “NUIRT 8000” wireless POS terminal. Once a transaction is
completed and a signature is placed on the screen of the device, the
signature is transmitted wirelessly and stored securely on
“ComsGate”, a PCI DSS Level 1 certified payment gateway. The signature
is available for retrieval, review, and printing
via “Transaction Manager” along with a
complete receipt for that transaction. Receipts with signatures will be
stored securely and made available on ComsGate for six months.

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MICROTEC RFID

Based on the ABI Research vendor matrices for innovation and
implementation, KSW Microtec RFID component supplier has been ranked
among the top ten for the “Contactless Inlays,” “UHF Passive RFID Label
Inlay” and “HF Passive RFID Label Inlays” categories. Determining
ranking are the product and company characteristics and how, which are
aggregated and analyzed based on industry leadership, knowledge
transfer, application strategies, standards adherence market range,
penetration and breadth. Germany-based KSW Microtec supplier of Radio
Frequency Identification components for special and standard across many
sectors was founded in 1994 and employs 60 staff.

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