Cash Systems GCA Deal is Approved

Cash Systems announced that a majority of its shareholders have approved
the acquisition of the Company by Las Vegas-based Global Cash Access.
GCA is acquiring all of Cash Systems’ issued and outstanding shares of
common stock which has been converted into the right to receive cash in
the amount of $0.50 per share and all of Cash Systems’ outstanding
convertible promissory notes and warrants will be redeemed for the sum
of $21 million plus accrued but unpaid interest. GCA serves
approximately 1,100 casinos and other clients in the
U.S., Canada, Europe, the Caribbean and Asia by providing proprietary
technology for ATM, debit
card, check cashing and credit card cash advance transactions.

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MasterCard Offers US Air Promotion

Mastercard and US Airways are offering cardholders who book to travel
“Envoy”, US Airways’ trans-Atlantic business class to Amsterdam,
Brussels, Paris, Dublin, Rome, London, Madrid, Manchester or Milan 10%
off and 15,000 bonus miles. Travelers in economy
class who book using a MasterCard card can save 5% and earn
2,500 bonus miles. US Airways, US Airways Shuttle
and US Airways Express operate approximately 3,500 flights per day.

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Israeli Firm Invests in Payoneer

NY-based prepaid card provider Payoneer has received an $8 million Series
B investment led by Carmel Ventures and appointed general partner and
co-founder of Carmel Ventures Avi Zeevi to Payoneer’s
board of directors. Funds will be used
to accelerate the expansion of Payoneer’s payment service offerings and
to enhance its technology with advanced compliance tools that bring a
new standard of confidence to international payments. Additional
investors in the round include Greylock Partners, Crossbar Capital and
Zohar Gilon. Payoneer provides corporate payout solutions that
lets companies pay authorized payees worldwide using prepaid MasterCard
cards.

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Citi Inks a Major Prepaid Distribution Deal

Citi has inked a new distribution deal for its prepaid and gift VISA and MasterCards. Los Angeles-based Green Dot will now market the cards to consumers nationwide through its merchant network and will also offer reloading services via its “MoneyPak” service. Cardholders will also be able to load the cards via direct deposit. Prepaid debit cardholders will also have ATM access to funds at Citibank and other network cash machines. In addition to expanded direct consumer marketing, Citi also announced that its retail business partners will now have the opportunity to offer co-branded versions of these prepaid products. Green Dot’s merchant marketing network includes Wal-Mart, Walgreens, CVS/Pharmacy, Rite Aid, Radio Shack and Kroger.

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TransAct Technologies Up 17% in Q2

CT-based transaction printer specialist TransAct Technologies posted
second quarter revenue of $16.3 million, an increase of 17% over 2Q/07.
Net income was flat at $0.3 million. The sales increase was driven by a
19% increase in domestic casino printer sales and is now the default
printer supplier to IGT. During the second quarter the Company received
its first orders for the “Ithaca 8000” receipt/label printer for
McDonald’s as well as the new “BANKjet 2500” bank teller printer and POS
market. Also during the quarter TransAct settled a patent lawsuit with
FutureLogic, whereby FutureLogic will license TransAct’s patented, dual
port technology for printers and upgrade kits that utilize the patented
technology. TransAct distributes its products through OEMs, VARs,
selected distributors, and direct to end-users. It has over two million
printers installed around the world. For complete details on TransAct’s
latest results visit CardData ([www.carddata.com](http://www.carddata.com)).

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ECONOMICS JUNE

The South Korea leading index decreased by 1% while the coincident index
also decreased 1% for the month of June 2008, according to the
Conference Board. The leading index’ decline is consistent with a 2.8%
decline since December and is a direct result of falling stock prices,
inverted bond yield and diminishing real exports. Meanwhile, the
coincident index decline is consistent with the .1% drop over the
preceding 6 months and is mostly thanks to negative contribution from
wholesale and 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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Atmos Energy Offers MasterCard Promo

Mastercard Worldwide will send a winning customer and guest from
TX-based Atmos Energy to a Major League Baseball World Series Game. The
Grand Prize winner also will receive a $1,000 MasterCard Gift Card.
Atmos Energy and MasterCard are conducting a “convenience pay” awareness
campaign from August 1 through September 30, 2008 to inform Atmos Energy
Residential Service customers that they now can pay their monthly Atmos
Energy bills using their MasterCard card. Customers who pay their Atmos
Energy bill using a MasterCard card during this period will
automatically be entered into the sweepstakes for a chance to win.1 Each
customer who signs up for Atmos Energy’s Automatic Payment Plan online
using his or her MasterCard card will receive two entries. Atmos Energy
Corporation is the country’s
largest natural-gas-only distributor, serving about 3.2 million natural
gas distribution customers in more than 1,600 communities in 12 states
from the Blue Ridge Mountains in the East to the Rocky Mountains in the
West.

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CREDIT BOOM

Mercator’s recent International Advisory Service report has provided an
overview of the Brazilian payment card market demonstrating the
Brazilian market is destined for massive growth with projections of
being the third largest behind only the U.S. and China by 2013. Since
2001, Brazil has more than tripled its number of cards in circulation,
the number of transactions and total transaction value to become one of
the leading card markets outside of North American and Western Europe.
The report shows Brazil now has a sizable market for payment cards, a
very advanced industry infrastructure, there is increasing competition
among issuers and debit cards have seen the fastest growth, but credit
cards are sure to soon take off with innovative products and services.

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Handling Card Fraud Hits Bottom Line

A survey has found that this week’s federal indictments for massive
credit card fraud can be the “moment of truth” for credit card issuers
and users. The Deloitte research found that nearly one-third of
consumers polled would reduce their business or terminate their
relationship entirely if they became a victim of fraud and it was
handled badly. On the other hand, if trust is continuously reinforced
and any problems that arise are handled promptly and correctly it can
expand the relationship. Fraud is perceived as a growing problem by 84%
of card users, and 89% feel that an incident of fraud could have a major
negative impact on their lives. However, Deloitte survey found that 40%
of fraud victims had been pleasantly surprised by the service and
assistance they received, saying that their level of trust in the
provider involved had actually increased as a result of the fraud
incident. And, surprisingly, the majority of those surveyed who had
experienced fraud actually rated their providers higher than those who
had not experienced a fraud related event.

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ACH Direct Slates a Webinar

ACH Direct and the Upper Midwest ACH Association will host “WEB and TEL
Entries,” the sixth in a series of free webinars on ACH topics on
Tuesday, August 12. This session discusses requirements for originators
and companies for WEB (Internet Initiated Entries) and TEL (Telephone
Initiated Entries) as well as authorization and authentication details
for each application. The webinar series, produced and presented by the
Upper Midwest ACH Association (UMACHA), is designed to provide a basic
to intermediate education on ACH to merchant participants with a
concentration on specific aspects of ACH targeting merchant’s needs.

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