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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First Data Lands Nordstrom Processing Deal

First Data has signed a new payment processing agreement with Nordstrom. Under terms of the seven-year agreement, FDC will provide card processing, call center and back office automation tools, fraud and risk management, customer analytics as well as e-statements and email alerts for Nordstrom’s entire card portfolio including Nordstrom Visa, private label credit and debit cards and commercial cards for Nordstrom employees. The portfolio totals about 4.5 million card accounts on file.
The new processing contract with Nordstrom runs through March 2016.

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CTFS 2Q/08

Canadian Tire Corporation has released its second quarter earnings for a
5.9% increase in gross operating revenue with an adjusted net earnings
of $94.7 million, a 13.8% drop since the year ago period. The
organization’s financial services total managed portfolio of loans
receivable grew 6.0% since the same period last year thanks to a 5.6%
increase in the credit card portfolio amounting to a gross operating
revenue of $201.5 million for an increase 4.8%. Pre-tax earnings were
$39.9 million, adjusted pre-tax earnings were up 10.8% and 2.6 million
cards were issued with Mastercard “PayPass” functionality, which are
expected to generate an increase in sales of 2.0%.

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Asta Funding Second Quarter Profits Collapse

NJ-based consumer receivable asset management and liquidation
specialist Asta Funding posted a decrease of 39% in quarterly finance
income compared to the year ago quarter. Net income also fell from $15.3
million for 2Q/07 to $2.4 million. The Company also noted that it has
been very conservative with regards to new purchases, investing only
$7.6 million for $289.2 million of face value of charged-off consumer
receivables during the quarter. Net cash collections from consumer
receivables acquired for liquidation and net cash collections
represented by account sales, totaled $49.0 million for the quarter,
versus $73.0 million for the same period a year ago. For complete
details on Asta Funding’s latest results visit CardData ([www.carddata.com](http://www.carddata.com)).

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CyberSource and Trustwave Partner for PCI

E-payment provider CyberSource and Trustwave, provider
of on-demand data security and PCI compliance management
have partnered to provide payment security solutions to Trustwave
and CyberSource merchants. Trustwave will offer CyberSource merchants
a comprehensive compliance validation program, including its Risk
Profiler, an online portal that defines data security risk associated
with credit card acceptance practices and will work with CyberSource
Global Services to provide merchants application testing and other
forensic services. These proprietary security solutions, along with
Trustwave’s managed security services, will help merchants facilitate
and maintain ongoing PCI DSS compliance validation. Trustwave will
offer its merchants CyberSource Secure Storage and Hosted Payment
Acceptance solutions to reduce the scope of PCI
DSS compliance by removing payment data storage and handling from the
merchant environment. Trustwave will also work with CyberSource Global
Services to provide security remediation to address gaps in PCI DSS
compliance.

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OLYMPIC VOLUME

Visa credit, debit and prepaid card spending at the “Beijing 2008 Olympic Games” approached $10 million on August 8th, an 11% increase over one-year ago. Opening Day’s biggest Visa spenders were from USA, followed by Japan, Hong Kong SAR, South Korea and the United Kingdom. Visitors from these five locations accounted for more than half of all Visa card spend on August 8th. Visa and its client financial institutions in China also have installed more than 90,000 ATMs and signed up some 216,000 merchant locations or outlets throughout China to help prepare for the expected influx of international visitors this year and beyond. 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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Elavon Acquires Another Merchant Portfolio

Elavon, formerly NOVA Information Systems, has acquired all of the
merchant processing portfolio of Capital City Bank, a subsidiary of
Capital City Bank Group and its 70 branches across Florida, Georgia and
Alabama. The agreement extends Elavon’s payment processing solutions to
Capital City Bank’s existing base of 2,200 merchants, which will benefit
from payment card processing, custom POS devices/software, e-commerce
products, gift card solutions, electronic check services, and enhanced
reporting. Elavon’s Global Acquiring Solutions organization is a part of
U.S. Bancorp providing end-to-end payment processing services to more
than one million merchants in the U.S., Europe, Canada and Puerto Rico.

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EFTA Names an ORCC Executive as Chairman

The Board of Directors of the Electronic
Funds Transfer Association has elected
Raymond T. Crosier of VA-based Online Resources as its Chairman.
Richard G. Lyons, Jr., EVP of Global Debit and
Prepaid at MasterCard Worldwide was elected to serve as vice chairman.
Sandra Hartfield, President and CEO of Electronic Banking
Division of Palm Desert National Bank, and Lynn Barr, a partner in the
law firm of Goodwin Procter, LLP were re-elected treasurer and secretary
of the Board respectively. EFTA is the nation’s
leading trade association dedicated to the advancement of electronic
payment systems and commerce.

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ChargeSmart Names a New COO

CA-based online payment solution provider ChargeSmart has appointed
Philip Mikal as COO. Mikal joins ChargeSmart from his consulting
practice where he works with
early-stage start-up companies. He is a serial entrepreneur with a
strong background in Internet technology, financial services and the
real estate industry. He has founded several profitable Web-based
companies and holds a good track record in selling both investors and
early customers. ChargeSmart enables individuals with Internet access
and a major credit
card to make payments to billers in five different industries. Customers
submit payments directly to ChargeSmart and indicate the amount they
wish to pay and the recipient.

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ANZ EVERYDAY REWARDS VISA

ANZ has launched New Zealand’s first credit card to reward customers for paying money back. Instead of receiving reward points for retail purchases, “ANZ Everyday Rewards Visa” customers receive points when they pay back money spent on the card. Rewards are earned for repayments made on outstanding balances, which includes purchases, cash advances, interest charges and even fees. The new card also offers customers switching from another bank’s credit card a special low interest rate of 8.75% on their existing balance for the first six months, before moving to a 19.95% interest rate on purchases, and 22.20% on cash advances.

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nCircle Introduces PCI Auditing Packages

CA-based nCircle has introduced new configuration auditing and file
integrity monitoring options based on the nCircle
“Configuration Compliance Manager”. The packages provide an agentless
configuration auditing solution for retail
stores with point of sale systems such as cash registers and a file
integrity compliance option for organizations that need to be PCI
compliant. Configuration auditing provides continuous system auditing
to discover system configurations and detect changes. nCircle’s unique
solution performs configuration auditing without requiring software
agents to be installed on the monitored system, a key requirement for
most point of sale systems such as cash registers. nCircle’s file
integrity compliance capability is also agentless, and enables the
monitoring of specific files on a system for changes. File integrity
compliance is mandatory under the
PCI Data Security Standard.

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