AUG CONSUMER

The China Consumer Confidence has rebounded for the month of August by
0.9 points to 92.9 following a 3.1 drop the month prior while there was
a 0.5 increase in the overall consumer confidence to 61.7. The overall
consumer confidence is an average of the 69.3 current conditions index
and the 56.8 future expectations index. These findings were compiled by
the Xinhua Finance “eziData China Consumer Confidence Index,” which is
produced monthly by the China consumer data provider, through 1,540
telephone interviews between the dates of August 1 and August 15, 2008.
Xinhua Finance Limited is headquartered in Shanghai, has offices and
news bureaus in 11 countries while eziData provide local China consumer
data.

Details

Gen X & Y Sees Financial Matters Differently

Fidelity Investments has released new research on “Gen X” and “Gen Y” that revealed five areas of conflict for both generations around career decisions, savings perceptions, Internet adoption, financial guidance and workplace savings plan usage. When asked about what keeps them up at night, 77% of Gen X, and 74% of Gen Y named money as their biggest concern, well above concern over family relationships or healthcare. Gen X/Y agree that saving for retirement is a goal, but other financial priorities and managing debt are more crucial. Fifty percent of Gen X/Y list saving for retirement as a current obligation or goal however 51% of Gen X/Y indicate other financial priorities prevent them from saving for retirement. When compared to saving for retirement, managing everyday finances, making mortgage payments and managing credit card debt all rank higher as crucial goals for both Gen X/Y.

Details

ATM MARKET STUDY

Edgar, Dunn & Company’s first “Australian ATM Market Study 2008” is
officially underway, slated for completion by November 2008 to examine
facts and figures on the Australian ATM industry. The market study will
provide conclusive evidence on deployment economics, market share,
analysis of industry trends and insight into the country’s ATM market
structure/dynamics compiled from surveys conducted through ATM
deployers, ATM service providers and industry experts. Sponsors of the
study include First Data ATM network, NCR ATMs, Wincor Nixdorf/ITS ATM
hardware, Cuscal banking services and Diebold financial services.
Results are projected for availability to subscribers by November 17,
2008. Edgar, Dunn & Company independent global financial services was
founded in 1978 to provide consulting and market insight in over 30
countries on six continents.

Details

Metavante Deploys Actimize Risk Management

Payment technology provider Metavante has announced that its
enterprise-wide fraud monitoring and reporting efforts will be supported
by solutions from Actimize risk management solutions.
Metavante’s first deployment of the Actimize real-time analytics
technology will be Metavante’s online bill payment services. This will
enhance the existing risk management processes Metavante already
provides its client base. The benefits of this commitment to
ever-improving levels for fraud monitoring and prevention include
real-time monitoring across both “risk-based” and “good funds” model
bill pay clients. Actimize solutions enable financial
institutions to increase their insight into real-time customer behavior
and improve risk and compliance performance.

Details

TIO & DOLEX

TIO Networks financial services network and Dollar Express
money transfer company have signed agreements whereby the former will
provide the latter Bill Payment Automated Programming Interface (API)
payment processing services at its money transfer branches. With the
solution, DolEx will process bill payment transactions with TIO’s direct
biller portfolio, allowing users to pay wireless, utility and cable
bills within the TIO portfolio. TIO provides secure access to expedited
payment service at over 10,000 endpoints in its processing network while
DolEx serves millions of consumers throughout the Latin American with
branches across the United States.

Details

Encore Capital Group Names New Chairman

Encore Capital Group has appointed George Lund, a current
member of the Board and its Audit Committee, to the Chairmanship of the
Board. Lund, who was elected to the Board in September 2007, brings 20
plus years of senior executive experience from the banking and credit
card industry to the Chair and is part of the Board’s commitment to
increase the company’s growth and to provide additional executive and
strategic support to the management team. Prior to joining Encore’s
Board, Mr. Lund was Chairman and CEO of BANKFIRST and led its growth
from $20 million to $1 billion in assets.

Details

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.

Details

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.

Details

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.

Details

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.

Details

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.

Details