CITI HANDLOWY EXPANSION

Cardholders of the Citi Handlowy Visa are now receiving special credit card rebates at more than 3,100 merchants, with more than 60 new merchants added this year. The “Citibank Credit Card Discount Program” offers customers rebates of up to 50% on purchases at merchants including shops, travel agencies, hotels, beauty salons, and e-shops.
In May, the bank launched a special discount search engine that can be
accessed from Citi Handlowy’s Web site. The “Citibank Credit Card Discount Program” was one of the first rewards programs of this type in Poland. The first rebates were given to the holders of the “Citibank-Elle Credit Card” as early as 1999.

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MegaPath Acquires IP Merchant Solutions

Costa Mesa, CA-based MegaPath has acquired IP Merchant Solutions and is
adding the new PCI compliant “Payment Processor Extranet” service,
providing “Site-to-Site MPLS VPN” retail, restaurant and hospitality
customers with an effective solution for accessing leading credit card
processors. The “Payment Processor Extranet” service allows users to
transmit transactions over MegaPath’s private MPLS network, which then
leverages a pair of redundant private connections between the customer’s
MPLS VPN and 11 credit/debit/gift card and check processors, such as
Stored Value Solutions and First Data, the largest processor in the
United States. These processors support all of the major brands,
including Visa, Mastercard, American Express, Diners Club and Discover.

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Elavon Lands Atlas Merchant Services

Merchant processor FNDS3000’s subsidiary Atlas Merchant Services has
signed a transaction processing agreement with
Elavon, formerly NOVA Information Systems.
Elavon provides end-to-end payment processing services to
more than one million merchants in the United States, Europe, Canada and
Puerto Rico. Solutions include credit and debit card processing,
electronic check services, gift cards, dynamic currency conversion,
multi-currency support, and cross-border acquiring and are marketed
through multiple alliance partner channels including financial
institutions, trade associations and ISOs. FNDS3000 Corp is a financial
transaction processing company providing prepaid
debit card and merchant processing solutions and provides prepaid debit
cards to a market with over 1 billion unbanked or underbanked individuals.

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PARK LANE CARD

Citi Taiwan has partnered with China Metal Products Group (CMP) to
launch its co-branded “Park Lane” credit card with shopping and
lifestyle rewards for cardholders using VIP discounts and free offers.
The new “Park Lane” card is being marketed toward consumers with an
active lifestyle allowing consumers to test their basketball, baseball
and running skills in a series of competitions at participating CMP Park
Lane mall locations, an eco-friendly shopping mall with a variety of
retail shopping outlets. Citi provides 200 million customers with
accounts in more than 100 countries for a range of banking and credit
products and services through such international brand names as
CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko.

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Best Buy Unveils Airport Express Kiosks

Consumer electronic retailer Best Buy has introduced “Best Buy Express”
automated kiosks in 12 major U.S. airports. Products available through
Best Buy Express will
include cell phone and computer accessories, digital cameras and
accessories, flash drives and portable storage devices, MP3 players,
headphones, speakers, unlocked phones, portable gaming devices, gift
cards, travel adapters and chargers. Best Buy has
teamed with third party ZoomSystems to launch the test.

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SCM MICROSYSTEMS 2Q/08

SCM Microsystems has announced its 2Q/08 revenues ended June 30, 2008
showed promise with continuing operations of $6.5 million, 40% higher
than the $4.6 million year-ago figure, while revenues were $13.0
million, down from the $13.1 million year-ago figure. Revenue growth can
be credited in-part to the sales of smart card readers, which generated
$4.9 million, and the sales of original equipment, which generated $1.6
million for the quarter, both of which are struggling in the U.S.
markets but are offset by higher demand in Asia and Europe. Additional
findings show a 14% increase in gross margin compared with the year ago
period to 43%, an operating loss of $2.3 million while cash, cash
equivalents and short-term investments were $28.0 million. SCM
Microsystems provides digital solutions and is headquartered in
Ismaning, Germany.

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iPayment Q2 Revenues Rise 10% as Profits Soar

iPayment, Inc. announced financial results for the second quarter and six months ended
June 30, 2008. Revenues increased to $212,580,000 for the second quarter
of 2008 from $192,674,000 for the second quarter of 2007. Revenues, net
of interchange, were $90,725,000 for the second quarter of 2008 compared
with $80,234,000 for the second quarter of 2007. Net income was
$5,772,000 for the second quarter of 2008 compared to $1,340,000 for the
same period last year. The Company today has filed its Form 10-Q for the
three months ended June 30, 2008, with the Securities and Exchange
Commission.

iPayment, Inc. is a provider of credit and debit card-based payment
processing services to approximately 150,000 small merchants across the
United States. iPayment’s payment processing services enable merchants
to process both traditional card-present, or “swipe,” transactions, as
well as card-not-present transactions, including transactions over the
internet or by mail, fax or telephone.

For complete details on iPayment’s latest results visit CardData ([www.carddata.com](http://www.carddata.com)).

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TRANSUNION EXEC

TransUnion has appointed Andrew Knight president of international
operations to report directly to president and CEO of TransUnion, Bobby
Mehta, and work from its Chicago headquarters. Knight comes to the role
as group CEO for TransUnion’s South Africa operations, an organization
to which he has belonged since 1994 initially as managing director of
its credit bureau operations. His education includes a degree from the
University of Cape Town, South Africa while TransUnion gathers, analyzes
and delivers consumer and corporate information to improve efficiency,
manage risk, reduce costs and increase revenue through its more than
3,600 employees in more than 25 countries.

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Western Union and JetBlue Airways Team

JetBlue Airways has partnered with Western Union to allow travelers to
pay for flight reservations with cash through the “www.jetblue.com” web
portal or by calling 800-JETBLUE. JetBlue customers can now utilize WU’s
“Bill Payment Service” through Western Union Agent locations to send
payment for JetBlue reservations. The transaction is conducted through a
direct link between the organizations’ networks. The Western Union
Company provides global money transfer services through more than
345,000 Agent locations in over 200 countries while JetBlue Airways
provides travelers 600 daily flights to 53 cities in North America.

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LML 2Q/08

LML has reported its 1Q for Fiscal 2009 ended June 30, 2008 of
approximately $3.2 million, reflecting a 118% increase in revenue.
Meanwhile, GAAP net loss for the quarter was approximately $47,000,
compared to GAAP net loss of approximately $248,000 for the year-ago
period and non-GAAP net income for the first quarter fiscal 2009 was
approximately $610,000 while the organization added 324 new customers.
LML Payment Systems provides financial payment processing solutions for
e-commerce and traditional businesses with credit card processing,
online debit, electronic funds transfer, automated clearinghouse payment
processing and authentication services.

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RBTi Launches a Security Solutions Store

GA-based RBTi Information Technology Security Vendor has launched its
eStore, “www.rbtisecurity.com,” to provide over 12,000 products and
solutions to business customers. With the new eStore solution, RBTi is
projecting a strong contribution to significant growth in the England,
France and Japan markets for which it will provide users access to such
security vendors as Check Point, Fortinet, Kaspersky and Netwitness .
RBTi was founded in 2001 by ISS employees as a way to provide instant IT
Security solutions to an array of customers’ networks and has since been
growing steadily, particularly in the American South East.

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ECONOMICS JUNE

The Spain leading index decreased by .4% while the coincident index
decreased .1% for the month of June 2008, according to the Conference
Board. The leading index’ decline is consistent with a 1.9% decline
since December and is a direct result of falling stock prices, order
books survey and the long-term, inverted government bond yield.
Meanwhile, the coincident index decline is consistent with a .1% decline
throughout 1H/08, is a direct result of the impact of downward revisions
to industrial production, excluding construction, and the retail sales
survey. 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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