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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Credit Card Mail Hits a Five-Year Low

A new report finds that credit card solicitations to U.S. households has dropped off by 17% in the second quarter to slightly more than one billion pieces. However, response rates have remained flat at 0.6%. According to Synovate’s “Mail Monitor,” card issuers that cut back solicitations the most were HSBC (-54%) and Citigroup (-45%). Citibank’s mail volume was the lowest quarter recorded in over 10 years. Overall, the card mail volume figures are the lowest seen since 4Q/03. For households receiving offers, the reductions to the prime rate have had a positive impact on the terms being promoted. Synovate notes that the mean single/go-to APR declined from 12.91% in 2Q/07 to 11.36% in 2Q/08.

CARD MAIL HISTORICAL
YEAR OFFERS RESPONSE
1998: 3.44b 1.2%
1999: 2.54b 1.0%
2000: 3.54b 0.6%
2001: 5.01b 0.6%
2002: 4.89b 0.5%
2003: 4.29b 0.6%
2004: 5.23b 0.4%
2005: 6.05b 0.3%
2006: 5.76b 0.5%
2007: 5.30b 0.6%
2008: 4.00b 0.6%
Source: Synovate’s Mail Monitor

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APNALOAN COMPARATOR

Providing comprehensive information on 212 different cards by 28 credit
card issuers, the Apnaloan.com credit card comparator service provides
consumers a versatile tool designed to help users make informed
decisions when choosing a card. Narrowed down to consumer spending
preferences with such categories as Entertainment, Free for Life, Cash
back and Fuel, the site allows users to sort based on reward cards or 28
other parameters such as annual fee, interest rates, balance transfer
interest rates, joining fee, cash withdrawal fees, surcharges, add-on
cards, late payment fees, over limit charges and many more. These
parameters can also be combined to allow the user to find the perfect
card to suit their needs.

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TNB Inks the East Texas Professional CU

TNB Card Services has acquired the processing services for East Texas
Professional Credit Union.
It is converting the more than 17,000 debit and ATM cards for the $334
million community-based credit union serves 45,000 members in 10 Texas
counties.
The expanded processing partnership will enhance East Texas Professional
Credit Union’s ability to serve its members. The credit union will be
able to instantly issue debit and ATM cards, as well as empower
cardholders to easily change PIN numbers without being required to visit
a branch. TNB’s neural network will mean better protection for debit
cardholders and the credit union against fraud. Debit cardholders will
also have access to 24/7 call center support.

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