SCX & REV

To lead efforts at generating commercial availability of new and
emerging payment solutions to underserved consumers throughout the
region, SCX Global prepaid cards has joined the Rev Worldwide network of
payment companies through the MPOWER Ventures portfolio for undisclosed
terms. Now designated “Asia Pacific Limited,” SCX Global offers such
products as its “Canvas” Visa card and “VCARD” virtual Visa prepaid
products to the more than 300 million underbanked households and
immigrants throughout the Asian-Pacific. With these developments, SCX
Global will continue supporting current partnerships and consumer
products, only with more resources such as access to “MPOWER Labs”
global research and development. The Rev Worldwide network of companies
is focal on providing end-to-end payment solutions to bring financial
empowerment to underserved markets with convenient payment methods.

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Charge Notification Services Gets Underway

Two industry veterans have teamed up to launch a proprietary and patented credit, debit card and ATM transaction security service in the U.S. Ivan Ochoa and Daniel Davila are leading the newly formed Charge Notification Services Corporation. Ochoa has 25 years in the financial services industry include executive positions within American Express and MasterCard, where he was Chief of Staff for Latin American countries. Davila’s background includes 16 years at American Express where he was a Senior Director within the Global Network Services division and more recently, two years as VP/Chief Risk Officer of the credit card division at Russian Standard Bank. The premise of the
C.N.S.C. service is to put the cardholders in control of their own identity security by instantly advising them via SMS to their cellular telephones or PDAs each time a charge or withdrawal from a C.N.S.C. covered card is made.

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Debit Cards for Guns Pays-Off in Chicago/NYC

Prepaid debit cards issued by J.P. Morgan were used as an incentive to get 7,500 firearms off the streets of Chicago and Brooklyn.
Police in Chicago recently collected more than 6,800 firearms during the
city’s “Don’t Kill a Dream, Save a Life” gun turn-in program.
Participants received $100 J.P. Morgan prepaid debit cards for weapons
and $10 cards for BB guns, air rifles and replica guns. Since 2006, more
than 18,000 guns have been collected. The program is managed by the
Chicago Alternative Policing Strategy Office with administration support from Carlson Marketing Worldwide. A recent program sponsored by the New York Police Department and the Brooklyn district attorney’s office netted almost 700 guns. People who dropped off guns received a $200 J.P. Morgan prepaid debit card and a $20 card for BB guns and air pistols. Overall, 697 functioning guns were collected, including 204 revolvers, 193 pistols, 226 rifles and shotguns and 12 assault weapons. The guns will be melted down into hangers to be used at dry cleaners.

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Payoneer to Offer MediaWhiz MasterCard

Online advertising portal MediaWhiz has enlisted Payoneer to pay its web publishers with a
reloadable prepaid MasterCard card. Payoneer’s service provides a global-friendly alternative to checks,
wire transfers and other online payment methods. Publishers benefit by
having immediate access to their money while avoiding the hassles
associated with lost or stolen checks, hold times and fees, and the lack
of availability of PayPal in certain countries. Additionally,
cardholders can spend and/or withdraw funds in their own currency
without the need for a bank account. This service allows MediaWhiz to turn the payment process into a
brand-affirmation opportunity. Cards bear the MediaWhiz logo, reminding
publishers of where their earnings came from with each use. MediaWhiz
also found that Payoneer was a significant cost-saving option
considering its large number of publishers, 40% of whom are located
outside the United States.

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NETELLER & TRANSEND

NETELLER online payments and TransSend Payment prepaid card solutions have signed agreements to launch its “Net+ Prepaid MasterCard,” allowing e-wallet customers to add the new cards to their existing accounts. Providing increased value, security, privacy and convenience, “Net+” is slated for availability by early October, making available both a ‘virtual’ “Net+ MasterCard” and a ‘physical’ “Net+” MasterCard.” The ‘virtual’ “Net+” MasterCard” enables users to pay online retailers accepting of MasterCard payments through a high-security platform while the ‘physical’ “Net+ MasterCard” will be accepted at 27.3 million locations around the world. NETELLER provides its payment solutions to merchants and consumers in 160 countries.

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ADS to Issue the Orchard Brands Card

Alliance Data loyalty and marketing solutions and Orchard Brands, a multi-channel apparel marketer have signed long term private label credit agreements. The private label credit services will be afforded specialty catalog brands, for which Alliance Data will provide a integrated credit services for catalog channels, online channels, receivables funding, card authorization, card issuance, statement generation, marketing services, remittance processing and customer service functions. Orchard Brands is a Golden Gate Capital portfolio company with over $1 billion in revenues.

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PSCU Launches Online Credit Education

FL-based credit union cooperative PSCU Financial Services has launched
“www.GiveMe20.com” to help parents educate children about budgeting,
credit/debit cards and other financial basics. The site name,
GiveMe20.com, is a reference to a common request: “Can I have $20 to…” and
provides tools and tips to help parents teach the concepts
of living within a budget, differentiating wants from needs, and saving
money for future purchases. Helpful tools include: a spending/savings
worksheet; interactive calculators that show growth of savings; loan
schedules that show monthly payments for big ticket items, and the
long-term cost of a credit card purchase with interest. Advice is
grouped by age: 12-15, 16-18 years, and 19-22 years.

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Payment Rates Hit a Four-Year Low in July

Monthly payment rates, the amount that cardholders pay on their credit
card debt, took a turn south in July. The MPR declined 43 basis points
between June and July. Among managed credit card outstandings, the MPR
decreased to 17.43% in July, compared to 17.86% in the prior month and
18.30% one-year ago. The July MPR figure is the lowest in four years.
According to CardData (www.carddata.com), the yield rose in July to
13.83% from 13.77% in June, and was down 94 bps, compared to year-ago
levels.

U.S. PORTFOLIO METRICS
YIELD MPR
Jul 07: 14.77% 18.30%
Aug 07: 14.80% 18.99%
Sep 07: 14.71% 18.86%
Oct 07: 14.82% 19.21%
Nov 07: 14.80% 18.89%
Dec 07: 14.63% 18.41%
Jan 08: 13.53% 18.11%
Feb 08: 13.33% 19.10%
Mar 08: 13.68% 18.33%
Apr 08: 13.89% 18.03%
May 08: 13.85% 17.54%
Jun 08: 13.77% 17.86%
Jul 08: 13.83% 17.43%
Source: CardData (www.carddata.com)

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Consumer Confidence Improves in August

After having improved moderately in July to 51.9, The Conference Board Consumer Confidence Index stands at 56.9 for the month of August, while the “Present Situation Index” decreased from 65.8 to 63.2 and the “Expectations Index” increased from 42.7 to 52.8 over the same period. This according to this month’s research conducted by TNS custom research company of a representative sample of 5,000 U.S. households, on behalf of the Conference Board, which also found consumers’ assessment of current conditions did not improve nor did perspectives on the labor market for the month. Assessment of current conditions increased to 33.2 percent from 32.6 percent and those saying jobs are “hard to get” rose to 32.0 percent from 30.2.

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