Mobile Remittances are Increasingly Global

A new study shows that mobile remittances are becoming increasingly global with a total transaction volume of nearly a half trillion dollars annually. According to TowerGroup research, an accelerating volume of investment in mobile payment platforms and mobile channels by banks targeting unbanked customer segments, many of whom partake in mobile phone usage and conducting remittance transactions. Based on current statistics, TowerGroup projects every month until the beginning of 2009, between 150 and 300 U.S.-based financial institutions will sign contracts for mobile banking solutions serving 6 million U.S. users by the end of 2008 and 42 million by 2012. TowerGroup expects mobile phones will do for financial services what Apple “iPods” did for music.

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VISA TV Spots Celebrate Phelps’ Gold

Visa has issued a special edition commercial commemorating Olympic U.S. superstar Michael Phelps and his historic gold medals achievement. The new TV spot, entitled “Congratulations Phelps” is the latest installment of the Visa “Go World” campaign. The commercial uses sepia tones combined with dramatic still photography. The spot closes with a memorable image of Phelps celebrating the U.S. team’s gold medal
performance in the 4 x 100 meter freestyle relay from earlier in the
“Beijing Olympic Games” competition. Visa has had a long standing relationship with Phelps through its “Team Visa” program, featuring him in two previous national TV commercials. Visa has been a sponsor of the “Olympic Games” for 22 years, and is the exclusive card of the “Beijing 2008 Olympic Games.”

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Survey Says Americans Want Card Regulations

The results of “CreditCards.com’s Second Annual Taking
Charge” survey indicate that 73% of Americans want the
government to regulate the credit card industry more closely; and 58% distrust credit card companies.
However, 78% of respondents acknowledge that many people make
little attempt to understand the credit card information they have and
do not read the terms of their credit card offers.
The Taking Charge survey also showed that 82% of Americans somewhat agree or strongly agree that
credit cards provide a valuable service but 76% feel there’s always a “catch” that makes a credit card
less attractive than the credit card company makes it sound and 56% have been disappointed by a credit card that turned
out not to be as good as they expected. These Taking Charge results are the first of a three-part series.
CreditCards.com is the leading online credit card marketplace that helps
consumers make smart credit card choices. In 2007, more than 12 million unique visitors used CreditCards.com to
search for their next credit card.

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Elan Financial Services Launches eCRC

Elan Financial Services has launched its “enhanced Client Resource
Center (eCRC)” web-based management and communications tool providing
clients a way to track information on their credit card portfolio.
“eCRC” provides client-specific reporting, employee training platforms
and online enrollment for in-branch, direct mail and segment marketing
programs available to all financial institutions through the Elan credit
card program. Elan Financial Services provides credit card issuing,
prepaid card solutions, ATM, debit card and merchant processing to 1,700
clients across the country through 31,000 ATMs that support 18 million
ATM/debit cards.

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U.S. Consumer Spending Picks Up Slightly

Examining tax burden, initial unemployment claims, real wages and real home prices, the Deloitte Research “Leading Index of Consumer Spending” rose in July by 14 basis points to 1.58% thanks in part to a slower pace of decline in home prices. The main source limiting growth, however, is the steady-deteriorating labor market. Additional findings show tax rebates greatly reduced the tax burden over the summer with increased cash flow, unemployment claims are up over 20% from the year ago period, real wage growth was negative thanks to a weak labor market-rising expenses and home prices declined slower than in recent months. The “Index” attempts to track consumer cash flow as an
indicator of future consumer spending.

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ACI 2Q/08

Electronic payment systems software provider ACI Worldwide reported revenue of $109.2 million in the second quarter, an 11% gain over the prior-year period. Net income for the quarter was $0.8 million compared to net loss of $2.7 million during 2Q/07. At the end of the second quarter, there was an estimated 60-month backlog of $1.4 billion compared to $1.3 billion one-year ago. During the quarter, several Latin American banking firms selected “BASE24-eps,” “BASE24-atm,” “ACI Monitoring and Management System,” “Golden Gate” and “ACI Web Access Services.” In the U.S. a large U.S. investment bank selected “ACI Enterprise Banker” on demand. Globally, eight new customers were signed, including new users of “ACI Enterprise Banker,” “BASE24-eps” and “Proactive Risk Manager.” Twenty existing customers licensed, new applications ranging from “ACI Retail Commerce Server” and “Proactive Risk Manager for Enterprise Services to Simulation Services for Enterprise Testing.” ACI now anticipates full year 2008 operating free cash flow of $45 million to $50 million versus $52.5 million for 2Q/07.
For complete details on ACI’s latest performance visit CardData (www.carddata.com).

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TransUnion Partners With CarePayment

Users of TransUnion’s “Revenue Manager” healthcare
solution will now have the option of using Aequitas Capital Management’s
“CarePayment” to improve hospital cash flow and receivable yields.
The CarePayment finance card is hospital branded and provides monthly
statements, inbound/outbound customer service calls, payment processing,
reporting, web access and late payment management. A CarePayment finance
card will be offered to patients during the TransUnion Revenue Manager
pre-qualifying process. TransUnion’s Revenue Manager instantaneously
verifies patient identity
and self-reported information at registration, and performs calculations
based on patient information and eligibility requirements to pre-qualify
applicants and their family members for optimal financial assistance
programs.

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Card Activation Signs a Deal with PayMed

Chicago-based POS technology provider Card Activation Technologies has entered into a LOI to purchase
intellectual property of PayMed USA. The technology that is key to the CAT’s purchase is
intellectual property covers a process for self pay management that allows providers
to set up a patient installment contract for the
money to be electronically debited from credit/debit or checking
accounts. Card Activation Technologies owns
proprietary patented payment transaction technology used for processing
gift cards, phone cards and other debit purchase transactions.

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Rev Worldwide Names Global Executive Team

Rêv Worldwide network of payment companies for underserved markets has
made several key executive appointments to drive expansion in
international markets. Richard Child has been appointed executive chair,
Juan Piña to CEO of Rêv Latin America, Jorge Noguera to VP of Rêv
Worldwide and Jacob Claflin to VP of business development with
RêvEurope. Richard Child will lead international business development
initiatives in his new role, to which he brings 30 years’ experience in
the payments industry, 16 of which were spent with MasterCard
International most recently as VP. Juan Piña has over 37 years’ payments
industry experience in senior executive positions as head of cards and
customer franchise for Latin America at Citibank, executive VP for
marketing/market strategies at Banco Nacional de Mexico and as senior VP
with MasterCard International. Jorge Noguera has 20 years’ industry
experience, especially in retail banking and card technology, most
recently having served as chief information officer for MasterCard
Ecuador. Jacob Claflin comes to Rev from Euronet Worldwide’s “PaySpot”
prepaid division and will be responsible for building RêvEurope’s sales
and distribution network in Europe.

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REV INTL EXECS

Rev Worldwide network of payment companies for underserved markets has
made several key executive appointments to drive expansion in
international markets. Richard Child has been appointed executive chair,
Juan Pina to CEO of Rev Latin America, Jorge Noguera to VP of Rev
Worldwide and Jacob Claflin to VP of business development with
RevEurope. Richard Child will lead international business development
initiatives in his new role, to which he brings 30 years’ experience in
the payments industry, 16 of which were spent with MasterCard
International most recently as VP. Juan Pina has over 37 years’ payments
industry experience in senior executive positions as head of cards and
customer franchise for Latin America at Citibank, executive VP for
marketing/market strategies at Banco Nacional de Mexico and as senior VP
with MasterCard International. Jorge Noguera has 20 years’ industry
experience, especially in retail banking and card technology, most
recently having served as chief information officer for MasterCard
Ecuador. Jacob Claflin comes to Rev from Euronet Worldwide’s “PaySpot”
prepaid division and will be responsible for building RevEurope’s sales
and distribution network in Europe.

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ACI Worldwide Q2 Revenue Leaps 11% Y/Y

Electronic payment systems software provider ACI Worldwide reported
revenue of $109.2 million in the second quarter, an 11% gain over the
prior-year period. Net income for the quarter was $0.8 million compared
to net loss of $2.7 million during 2Q/07. At the end of the second
quarter, there was an estimated 60-month backlog of $1.4 billion
compared to $1.3 billion one-year ago. During the quarter, several Latin
American banking firms selected “BASE24-eps,” “BASE24-atm,” “ACI
Monitoring and Management System,” “Golden Gate” and “ACI Web Access
Services.” In the U.S. a large U.S. investment bank selected “ACI
Enterprise Banker” on demand. Globally, eight new customers were signed,
including new users of “ACI Enterprise Banker,” “BASE24-eps” and
“Proactive Risk Manager.” Twenty existing customers licensed new
applications ranging from “ACI Retail Commerce Server” and “Proactive
Risk Manager for Enterprise Services to Simulation Services for
Enterprise Testing.” ACI now anticipates full year 2008 operating free
cash flow of $45 million to $50 million versus $52.5 million for 2Q/07.
For complete details on ACI’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com)).

ACI REVENUES
2Q/07: $98.1 million
3Q/07: $84.7 million
4Q/07: $101.3 million
1Q/08: $92.6 million
2Q/08: $109.2 million
Source: CardData (www.carddata.com)

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Cardtronics’ Q2 Revenue Soars 64% Y/Y

ATM operator Cardtronics posted second quarter revenues of $127.0 million, representing a 64% increase over 2Q/07, primarily attributable to the 7-Eleven ATM Transaction, which resulted in $38.4 million of incremental revenues. During the quarter, the average number of transacting ATMs increased by 29%; total transactions increased by 84%; total cash withdrawal transactions increased by 78%; cash withdrawal transactions per ATM per month increased by 38%; and ATM operating revenues per ATM per month increased by 28%. The net loss for the second quarter totaled $3.4 million, reflecting expenses associated with the 7-Eleven ATM Transaction, higher debt levels and charges associated with delays experienced in obtaining our Europay MasterCard Visa certification in the U.K. The Company projects 2008 revenue between $490 million and $505 million. Cardtronics operates approximately 33,000 ATMs across its portfolio, with ATMs in every major U.S. market, approximately 2,500 ATMs throughout the United Kingdom, and approximately 1,800 ATMs in Mexico. For complete details on Cardtronic’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com)).

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