U.K. Oyster Card Program is in Disarray

Cubic Transys consortium member has been legally restrained by EDS from taking over the running of the entire U.K. Transys Oyster smartcard public transport system. In response to this restraint, Cubic has brokered a deal with Transport for London stipulating in the event the restraining order were lifted the organization would be allowed to run the system. The negotiations with Transys TfL , who declined to give details,
reveal that the former is seeking better terms and has brokered a deal with Cubic to be the sole provider of the system. To summarize, negotiations with EDS failed, but were successful with Cubic, negotiations with Cubic and EDS then continued as separate entities, negotiations with EDS failed again but were again successful with Cubic and TTL then negotiated with Cubic to perform the entire project for which EDS went to court to obtain a temporary restraining order.

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ALRC PRIVACY REFORMS

Established in one of the only three OECD countries not to have
comprehensive credit reports and recognizing the subsequent need for
credit reform, the Veda Advantage Australian credit bureau is
encouraging Australian Law Reform Commission’s (ALRC) Privacy reforms.
These reforms are designed to significantly improve credit report
information, which currently providie financial providers 11% of the
information needed to identify and predict consumer credit risk, to 64%
of credit information which to include account status and payment
history fields. These reforms by the ALRC will also put on hold industry
policy to include account status, payment history, overdue payments and
missed payments during the previous 24 months until a more reliable
framework is established. Veda Advantage holds the
country’s database of credit files for more than 14.5 million
credit-active Australians.

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TRANSYS OYSTER

Cubic Transys consortium member has been legally restrained by EDS from
taking over the running of the entire Transys Oyster smartcard public
transport system. In response to this restraint, Cubic has brokered a
deal with TfL stipulating, in the event the restraining order were
lifted, the organization would be allowed to run the system. The
negotiations with Transys, TfL declined to give details of, from who the
former is seeking better terms, however has brokered a deal with Cubic
to be the sole provider of the system. To summarize, negotiations with
EDS failed, but were successful with Cubic, negotiations with Cubic and
EDS then continued as separate entities, negotiations with EDS failed
again but were again successful with Cubic and TTL then negotiated with
Cubic to perform the entire project for which EDS went to court to
obtain a temporary restraining order.

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NACHA Hosting an Intl Payments Conference

NACHA electronic payments association has announced its hosting the
Institute of International Payments Conference in Atlanta, GA on November 18th to 20th. The 2 1/2
day conference has been designed to provide payment professionals an
education to understand the payments industry on a global scale,
including principles, concepts, infrastructures, practices, issues and
developments. The unbiased material will be taught by practitioners from
organizations engaged in international payments to include such topics
as International Payments Fundamentals, International ACH Payments,
Clearing, Settlement, International Standards, Straight-Through
Processing, Global Payments, Foreign Exchange, Currency Principles and
many other issues.

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NYCE ATM SUM Program Adds Clients

NYCE has announced Wintrust Financial Corporation banks and AMCORE Bank
have joined its “Saves U Money” Program (SUM) selective ATM surcharging
program provided through its payments network. The NYCE Payments Network
is a U.S. debit card payments network and a Metavante company that is
allowing participants to bring surcharge-free ATMs to underprivileged
areas through SUM for the 10th year. ATM users can take advantage of the
program through 500 participating financial institutions in 27 states at
a total of 2,900 designated ATMs and is part of the NYCE Payments
Network initiative to help its clients grow through new products and
strategic alliances.

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VF Terminals to Power Australian Taxis

Cabcharge Australia has awarded a multi-million dollar contract to VeriFone stipulating the deployment of 20,000 of its “Vx 810 Systems” for contactless payment acceptance in taxis across the Cabcharge fleet. Slated to begin in October for completion by December 2009, deployment of the VeriFone “Vx 810” PIN entry system payment module has been designed to provide drivers and passengers improved convenience, security and speed in the 96% of the Australian taxis that use the Cabcharge system. The Cabcharge system is used by 400 different taxi companies representing nearly 18,000 taxis. VeriFone’s “Vx 810” will be an integral part of Cabcharge’s next-generation fare management system, featuring “Chip and PIN,” “Pen and PIN” and contactless and will also support payments initiated from mobile phones using the emerging NFC standard.

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MAY METRICS

Cabcharge Australia has awarded a multimillion dollar contract to
VeriFone stipulating the deployment of 20,000 of its “Vx 810 Systems”
for contactless payment acceptance in taxis across the Cabcharge fleet.
Slated to begin in October, and for completion by December 2009,
deployment of the VeriFone “Vx 810” PIN entry system payment module has
been designed to provide drivers and passengers improved convenience,
security and speed in the 96% of the Australian taxis that use the
Cabcharge system. The Cabcharge system is used by 400 different taxi
companies representing nearly 18,000 taxis while VeriFone Holdings
provides secure electronic payment solutions across the financial,
retail, hospitality, petroleum, government and healthcare vertical markets.

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Gilbarco and Cybera Form a New Network

Fuel delivery manager Gilbarco and TN-based network provider have teamed
to streamline retailer transaction data
communication into a single secure converged network. The
partnership is designed to eliminate the complexity of implementing,
upgrading and supporting applications in the store environment. Often
store operators are left to assemble their own network hardware,
connections and service provider relationships when investing in a new
application. This often requires IP routing, security, installation and
application expertise that most store operators don’t have. By
integrating the network solution with the applications, Gilbarco and
Cybera are dramatically simplifying the technical and operational
burdens many store operators face.

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Cap One and Consumer Action Expand Program

Capital One Financial Corporation and San Francisco-based national
advocacy and education organization, Consumer
Action, have launched new and interactive financial education eLearning
modules
for consumers. The course offers consumers case studies, interactive
tips and exercises along with a variety of resources based on the
MoneyWi$e financial education materials which include “Talking to Teens
About Money”, “Managing Your Money”,
“Building Good Credit”, “Rebuilding Credit” and Savings to Build Wealth”.

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TRM Q2 Revenues Soar 32% Sequentially

Portland, OR-based TRM reports second quarter gross sales of $23.9 million compared to $23.5 million in 2Q/07. However, on a sequential basis, sales were up 32% compared to $18.1 million in the first quarter. The Company noted that during the quarter it completed the acquisition of Access To Money, one of the nation’s largest independent ATM deployers with approximately 4,248 transacting ATMs. The Company also secured $11 million in financing from Lampe Conway. The average number of withdrawals per ATM per month declined slightly and the average transaction-based sales per withdrawal was $2.36 per withdrawal in the second quarter of 2007 versus $2.34 in the second quarter of 2008. The average number of transacting ATMs was 11,823 during the second quarter of 2008 compared to an average of 10,473 during the second quarter of 2007. For more details on TRM’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com)).

TRM HISTORICAL GROSS SALES
2Q/06: $27.6 million
3Q/06: $26.4 million
4Q/06: $24.9 million
1Q/07: $22.9 million
2Q/07: $23.5 million
3Q/07: $23.3 million
4Q/07: $24.2 million
1Q/08: $18.1 million
2Q/08: $23.9 million
Source: CardData (www.carddata.com)

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GROUPE AEROPLAN 2Q/08

Groupe Aeroplan has reported its 2Q/08 results showing gross billings of
$357.9 million and an operating income of $69.5 million. Additional
disclosure shows an adjusted net earnings of $60.8 million, free cash
flow of $43.6 million, a total of $87.2 million in cash/cash equivalents
and $457.8 million of short-term investments while adjusted EBITDA for
the quarter amounted to $77.3 million. New partnerships with Sobeys
groceries, Expedia travel provider, RadioShack/Telefonica electronics
and EgyptAir Airlines were also highlighted in the report. The
organization also launched the Aeroplan “eStore” to provide
opportunities to earn miles on everyday purchases in more than 10
product categories through over 90 retailers. Groupe Aeroplan
international loyalty management corporation provides services to
consumers around the world.

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Humana Licenses Evolution Benefits Technology

CT-based e-payment provider Evolution Benefits has entered into an agreement to license
its patented technology for substantiating debit card purchases to health and FSA provider
Humana. Humana will use the licensed technology
to substantiate Flexible Spending Account and Health Reimbursement
Arrangement card payments at the point of service. EB’s real-time data matching technology
has powered millions of transactions for a variety of employee benefit plan
designs. The point-of-service process authorizes only substantiated
payment requests, eliminating “pay and chase”. The technology further
enables the limitation of purchases on the card beyond the general
category of “healthcare eligible” to goods and services specifically
allowed under an employer’s plan.

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