EBAY PAYPAL

Australia’s central bank, which has the power to regulate all payment
systems, is seeking to alleviate eBay’s policy to restrict payments
acceptance except through its subsidiary, PayPal payments system. This
development is in response to a number of representations against eBay’s
no-surcharge and no-steering rules, which prevent its sellers from
charging extra to recoup the cost of a buyer using a particular payment
method. With these policies, eBay was also preventing sellers from
decalring a preferred method of payment. However, the central bank’s
initiative is already proving successful given the auction website
recently abandoned attempts to make PayPal the only method of accepted
payment in Australia.

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RDM MAINTENANCE

RDM Corporation payment processing software and hardware products has
certified First Data subsidiary, TASQ Technology, to provide warranty
and non-warranty repair service for its check scanning equipment across
the United States. TASQ’s single-source solutions and progressive
end-to-end service provides financial institutions and their customers
with the appropriate support and service. RDM Corporation provides its
products and services for electronic payment processing for clients
across the globe in various sectors.

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PROCASH 100XE

Wincor Nixdorf has signed agreements to deploy 100 of its “ProCash
1500xe” ATMs with the Australian ATM provider, Banktech. Banktech will
be deploying the ATMs through its “‘CashConnect” ATM network on an open
architecture software platform for multivendor implementation with
seamless integration. The ATMs also will be protected from unauthorized
access and manipulation with Wincor Nixdorf’s latest IT security
solution to safeguard consumers’ transaction data, which is officially
accredited by the Australian Payments Clearing Association (APCA) and
has recently established a Sydney-based R&D facility.

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Mall Net & RewardsNOW Intro TravelAwards Plus

Mall Networks merchant-funded loyalty shopping solutions has partnered
with RewardsNOW financial services loyalty marketing to launch the
American Savings Bank “TravelAwards Plus” online mall. “TravelAwards
Plus” loyalty program allows customers to earn points when using their
American Savings Bank check or credit card for use toward purchases with
more than 500 online merchants. The bank is hoping to increase customer
loyalty with the new solution among its more than 310,000 customers, has
63 branches and over 200 ATMs while the RewardsNOW “Full Spectrum
Rewards” financial services address auto loans, deposits, mortgages,
online banking, loan applications, home equity lines of credit and
payment cards. The Mall Networks provides a merchant network of more
than 700 online and in-store merchants.

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MainStream Merchant Services Offers CrossCheck

Merchant payment processor MainStream Merchant Services will now offer
its customers check processing services from CA-based
CrossCheck. CrossCheck’s standard guarantee and check conversion
services, including Check Conversion Plus, will now be available to
MainStream merchants. These services offer maximum check authorization
flexibility and convenience along with special programs for business
check conversion, disputed stop payment protection and a hold check
program for standard guarantee. In addition, the conversion service
streamlines check processing by automatically depositing funds into the
merchant’s account. MainStream is a registered independent sales
organization (ISO) of Chase
Paymentech, the world’s largest merchant acquirer.

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ECONOMICS JUNE

The German leading index decreased by 1.1% while the coincident declined
.1% for the month of June 2008, according to the Conference Board. The
leading index’ decline is consistent with a 5.2% decline since December
and is a direct result of a decline in retail sales. Meanwhile, the
coincident index results are inconsistent with a .6% increase throughout
1H/08 and were prevented from declining anymore thanks to large
manufacturing sales. In contrast, the national GDP grew at a 1.5%
average annual rate for the first two quarters of 2008, which is still
below the 1.9% average annual rate during 2H/07, however. 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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Merchant Warehouse to Market ExaDigm XD2000

ExaDigm wireless/wired POS terminal solutions innovator has partnered
with Merchant Warehouse merchant account and credit card processing
solutions provider for the distribution of the ExaDigm “XD2000” mobile
payment terminal. With theses agreements, Merchant Warehouse will
directly provide the “XD2000” terminal for purchase, which it chose to
add to its product offering due to the provision of mobile wireless
payments, an easily upgradeable platform and a connectivity-change
feature. The mobile wireless solution will be made available to
customers immediately through Merchant Warehouse, which was founded in
1998 to provide credit card processing software and equipment to its
more than 40,000 merchant customers while ExaDigm modular IP-based wired
and wireless POS terminals provide organizations innovative
technology-focused solutions.

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CU Card Portfolio Q2 Sales Sink to $20MM

Five credit unions with credit card portfolios of over $1 million in
outstanding balances sold their portfolios in the second quarter. Total
balances sold during the quarter were approximately $20 million. On
average, the size of the portfolios sold was $4.1 million, according to
NH-based Brookwood Capital. This marks a decline in portfolio sales
levels from prior years, and leaves year to date total sales numbers at
15 portfolios with total receivables of $83 million.

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Gemalto Revenues Climb 10% in 1H/2008

Smart payment card specialist Gemalto reports that revenue grew 10% for
the first half of this year, at constant exchange rates, with all major
segments posting double digit growth. The Secure Transactions unit
returned to operating profit, posting a positive operating margin of
8.5% for the first six months of 2008. The growth was driven by the
continuing roll out of EMV and contactless payment systems mainly in
Europe, Asia and Latin America. This good performance more than
compensated for lower Pay TV and Transport revenue, a consequence of
Gemalto’s selective approach to tenders. Personalization services also
reported a strong growth of 34%, driven by EMV deployments and
associated services in existing and emerging markets. In France, the
Pegasus group of five major banks (BNP-Paribas, Crédit Agricole-LCL,
Crédit Mutuel-CIC, Caisse d’Epargne, and La Banque Postale Group)
renewed their collaboration contract with Gemalto in the “Payez Mobile”
program, aimed at developing a set of cohesive contactless mobile
payment services. For complete details on Gemalto’s latest performance
visit CardData ([www.carddata.com](http://www.carddata.com)).

GEMALTO REVENUE HISTORICAL
2Q/07: $544.8 million
3Q/07: $588.0 million
4Q/07: $742.0 million
1Q/08: $611.0 million
2Q/08: $556.2 million
Source: CardData (www.carddata.com).

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GEMALTO 1H/08

Smart payment card specialist Gemalto reports that revenue grew 10% for the first half of this year, at constant exchange rates, with all major
segments posting double digit growth. The Secure Transactions unit
returned to operating profit, posting a positive operating margin of
8.5% for the first six months of 2008. The growth was driven by
continuing roll out of EMV and contactless payment systems mainly in
Europe, Asia and Latin America. This good performance more than
compensated for lower Pay TV and Transport revenue, a consequence of
Gemalto selective approach to tenders. Personalization services also
reported a strong growth of 34%, driven by EMV deployments and
associated services in existing and emerging markets. In France, the
Pegasus group of five major banks (BNP-Paribas, Crédit Agricole-LCL,
Crédit Mutuel-CIC, Caisse d’Epargne, and La Banque Postale Group)
renewed their collaboration contract with Gemalto in the “Payez Mobile”
program, aimed at developing a set of cohesive contactless mobile
payment services. For complete details on Gemalto’s latest performance
visit CardData (www.carddata.com).

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Low-Limit Credit Cards Boost Credit Scores

Citizens for Equal Access to Credit nonprofit coalition has released its survey of 360,000 low limit credit card users in the United States and an analysis, in partnership with TransUnion, of “graduation rates” of cardholders to prime cards over a 24-month period. The survey demonstrates nearly 35% of consumers with low limit cards improved their credit scores, over 60% whom increased the score by 40 or points or more “graduated” to higher limit cards over a two-year period, demonstrating low limit credit cards do help consumers re-establish good credit. Additional findings show 35% of the low limit card consumers improved their credit score over a 24 month period, of whom 20%-24% opened prime credit cards with at least a $1,000 credit limit. Citizens for Equal Access to Credit seeks to create a positive dialogue between leading national organizations representing minorities and other key stakeholders to promote positive change in the credit market.

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