TransUnion Names an International President

TransUnion has appointed Andrew Knight, previously group CEO of its
South Africa operations, as President of international operations.
Knight joined TransUnion in 1994 as
managing director of its credit bureau operations. Before that, he held
several financial management positions throughout South Africa.
Knight attended the University of Cape Town,
South Africa and is fluent in four languages.

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Citi Adds Octane to ExxonMobil MasterCard

Citi and ExxonMobil have partnered to offer a new credit card that features a 15 cents per gallon rebate. The new “ExxonMobil Platinum MasterCard” also earns up to 2% rebates on the first $10,000 in annual purchases and a 1% on other eligible purchases over $10,000. New cardholders earn a 30 cents per gallon rebate on Exxon and Mobil gasoline purchases for the first 60 days. There is no limit on the amount of gasoline rebates that can be earned by consumers. Rebates are automatically credited to cardholders’ statements in $10 increments toward future Exxon and Mobil gasoline purchases made with the card.
According to CardTrak ([www.cardtrak.com](http://www.cardtrak.com)), the current “ExxonMobil MasterCard” offers rebates of 3% on all purchases made with the card at Exxon and Mobil locations and 1% on purchases made everywhere else. (CF Library 6/18/04)

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BARCLAYCARD 1H/08

Barclaycard reported pre-tax credit card profits of GBP 388 for the first six months of 2008, compared to GBP 299 for the year ago period. The gain was driven in part by the acquisition of the “Goldfish” business. Barclaycard International contributed over a quarter of Barclaycard’s profits in the first half and over 75% of Barclaycard’s new customers during the period. Income increased 13% to GBP 1.4 billion reflecting strong growth in Barclaycard International and GBP 56 million from the inclusion of Goldfish, partially offset by a decline in UK Cards and FirstPlus. Net interest income increased 15% to GBP 787 million driven by strong growth in international average extended credit card balances, up 40% to GBP 4.2 billion. Margins were unchanged at 6.77%. For complete details on Barclay’s latest performance visit CardData (www.carddata.com).

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Taco Bueno to Accept MC PayPass

TX-based QSR Taco Bueno is now accepting Mastercard “PayPass”contactless
payment at over 160 locations. Customers can use their MasterCard
PayPass card or device to simply “Tap & Go” to pay for menu items at
the counter or even in the drive-thru. MasterCard PayPass also does not
require customers to sign receipts for purchases under $25, further
speeding up the transaction. A 2007 MasterCard PayPass
Benchmark Study found that about 90% of PayPass-using respondents
were satisfied with their experience, and 71% of PayPass consumers
use PayPass as their primary card for everyday purchases.

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Revolving Debt Rises Nearly $12B Since Apr

Consumer revolving credit continued its upward push in June as
Americans tacked on $5.5 billion in net new debt, mostly credit card
debt, after adding $6.1 billion in the prior month. Revolving consumer
credit has now reached a record $968.4 billion and is growing by 6.8%
per annum. Based on revised figures, revolving debt rose by 7.6% in May
after growing by a mere 0.3% in April. According to data released by the
Federal Reserve, total revolving credit has expanded by $66.2 billion
over the past twelve months. Bank credit card debt (excluding store and
gas credit cards) at the end of the second quarter was about $825
billion or roughly 85% of total revolving credit, according to CardData
(www.carddata.com). Store and gas credit cards had about $109 billion in
outstandings at year-end 2007. At the end of June, Americans were $2586
billion in debt, excluding home mortgages.

REVOLVING CREDIT HISTORICAL ($billions)
Jun 08 May 08 Apr 08 Mar 08 Feb 08 Jan 08
GRWTH: 6.8% 7.6 0.3 7.4 5.3 7.1
$OWED: $968.4 962.9 956.8 956.6 950.7 947.0
Source: Federal Reserve; revised figures as of 8/7/08;
For complete historical data, visit CardData (www.carddata.com)

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HSBC Reports U.S. Charge-Offs Moderate

HSBC reports that in the U.S., its Personal Financial Services business
posted a loss of $2.2 billion for the first six months of this year.
Charge-offs and risk provisions rose by 85% on the first half of 2007 to
$6.8 billion, but declined by 15% compared with the second half.
In U.S. mortgage services, HSBC reduced its portfolio outstandings by
13% during the period to $31 billion, of which around 60% was from
repayments. HSBC noted that the U.S. remains a difficult market and that
its U.S. business is now be focused mainly on cards and consumer
lending. For complete details on HSBC’s latest performance visit
CardData ([www.carddata.com](http://www.carddata.com)).

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JCB DISNEY CARD

Protx secure online card payment solutions for mail order businesses and
Trustwave on-demand data security provider have partnered to provide
merchants Payment Card Industry Data Security Standard (PCI DSS)
compliance validation. Using Trustwave’s “TrustKeeper” on-demand
compliance management program, Protx will ensure compliance with PCI DSS
which is a payment card industry security requirement for retail and
merchant organizations endorsed by Visa, MasterCard Worldwide, Discover,
American Express and JCB card brands. The Trustwave technology will be
available to merchants needing additional support for PCI DSS compliance.

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TX AG Takes-On Collector Anderson Crenshaw

Texas Attorney General Greg Abbott has charged Dallas-based Anderson, Crenshaw & Associates debt collection firm with using deceptive practices to collect payments from consumers by mailing deceptive letters and unlawful telephone calls claiming legal action against debtors. From around the country since 2006, the Office of the Attorney General has received more than 75 complaints regarding the organization while the Better Business Bureau has received 72 complaints all alleging variations of unlawful engagement in debt collection efforts, during the same 30-day period debtors were given to validate their debts. The complaints include abuse, profane language and threats to garnish consumers’ wages or file liens against homesteads, in violation of the Texas Debt Collection Act. The attorney general’s enforcement action is seeking civil penalties of up to $20,000 for each violation. Anderson, Crenshaw said this morning it has fully cooperated with the AG regarding any questions or requests for information they had regarding Crenshaw’s business operations. Crenshaw said that at no time did the AG indicate that it was in any way unsatisfied with Crenshaw’s response and cooperation.

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Visa Juices Up Burger King Promo

Visa and Burger King have partnered on behalf of Burger King’s HAVE IT
YOUR WAY Foundation offering customers the chance to win a $1,000 Visa
gift card. Until October 5, BURGER KING customers who use their Visa
card for purchases at approximately 7,200 participating BURGER KING
restaurants in the U.S. are automatically entered for a chance to win a
$1,000 from Visa gift card. In total, 50 winners will each receive a
$1,000 Visa gift card and Visa will also donate $50,000 to the BURGER
KING Scholars Program.

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ECONOMICS JUNE

The British leading index decreased by 1% while the coincident index
decreased by .1% for the month of June 2008, according to the Conference
Board. The leading index’ decline is consistent with a 3% decline since
December and is a direct result of lagging consumer confidence,
spectacle speculation and falling stock prices. Meanwhile, the
coincident index decline is consistent with the .3% drop over the
preceding 6 months and is mostly thanks to negative contribution from
retail sales. 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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Affinion Wins an Innovation Award

In recognition of its excellence and innovation in Preferred Partner
solutions for credit unions, Affinion Group has received NAFCU Services
Corporation’s inaugural 2008 Innovation Award at NAFCU’s annual
conference in San Diego for its Enhanced Fraud Protection Plus service.
This recognition is for Affinion Group’s having provided enhancements
for credit unions to compete in a financial services marketplace with
such solutions as ID theft prevention, detection, monitoring, resolution
and reimbursement solutions. Other innovation award winners recognized
at the conference include Code Green Networks for Data Loss Prevention
Solutions and the NCR Corporation for Teller Cash Recyclers. NAFCU
Services Corporation is a wholly owned subsidiary of the National
Association of Federal Credit Unions and provides 27 Preferred Partner
programs to credit unions while the Affinion Group provides enhancements
through marketing loyalty, membership, checking account, insurance and
other products for more than 5,300 affinity partners worldwide thanks in
part to its 3,300 employees across 11 countries.

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BOD & POSTILION

Powering EFT transformation with open systems technology, Postilion
integrated solutions for payments and self-service banking has been
selected to replace Banco Occidental de Descuento’s (BOD) legacy payment
platform. BOD will be implementing the Postilion products for ATM and
POS terminal driving, payment switching, and card management. Banco
Occidental de Descuento has 200 branch locations in 20 states across
Venezuela while Postilion, a division of the S1 Corporation, provides
integrated solutions for payment processing to over 1,500 customer
clients in more than 50 countries through 100,000 ATMs and 500,000 POS
terminals.

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