CIMB CLICKS

Malaysia Airlines and CIMB Bank have partnered to provide customers
online payment convenience with its “CIMB Clicks” payment solution. The
new solution allows Malaysia Airlines travelers to make payments to the
airline through the CIMB Bank internet banking portal on a secure and
reliable platform though 250 bill payment facilities. The Payments are
debited automatically from the user’s account in real time. CIMB Bank
provides retail banking for 4.5 million customers in 366 branches across
Malaysia with over 24,000 employees while Malaysia Airlines Internet
Booking Facility was first deployed in January 2004 for the acceptance
of Visa and Mastercard card payment options, having seen a more
than 100% increase in ticket sales.

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Wright Express Makes a Intl Acquisition

ME-based fuel card specialist Wright Express has inked a deal to acquire the assets of a New Zealand provider of fuel card processing software solutions. Wright also named Joe Czternastek GM of international operations, who has extensive experience in the European corporate fuel card market. Wright is paying $9 million for the deal which is expected to close this quarter. The Company provides its services to nearly 300,000 fleets of more than 4.5 million vehicles and markets its payment processing services for more than 125 strategic relationships, offering the MasterCard-branded corporate card.

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PAYDAY LOANS

Using a market-based approach, under the recommendation of The Cash
Store Financial Services, the Nova Scotia Utility and Review Board has
set the maximum cost of borrowing for payday loans at $31 per $100 as a
means of protecting consumers. With the new rate, the board also intends
to foster a competitive marketplace, avoid setting a rate to benefit
only the “lowest cost” lenders and to facilitate the industry to make
readily available loans to those who want them. Cash Store Financial
operates more than 380 branches across Canada under “Cash Store” and
“Instaloans, is headquartered in Alberta and employs over 1,500 associates.

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DIGIPASS G0 3 & VACMAN

Encore Payment Systems electronic payments processor will use VASCO’s
two-factor authentication solutions, “DIGIPASS G0 3” and “VACMAN
Middleware,” to provide users secure remote access to data and PCI
compliance. Encore Payment Systems provides custom credit card
processing, debit card processing, EBT (Electronics Benefits Transfer)
card processing, loyalty card programs, electronic check conversion and
e-commerce in a range of business sectors. The VASCO solutions will
secure the Encore VPN connection to data such as merchant/business
partners’ contact information and employee records. VASCO software
security company specializes in authentication for Internet Security
serving a customer base of close to 7,600 companies in more than 100
countries, 1150 of which are international financial institutions.

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TCO FOR SEPA: A MODEL

Many European banks are suspecting SEPA and its policies will negatively
affect their revenue, to which Celent has responded with its “TCO for
SEPA: A Model”, a reference model to
identify and quantify the cost/revenue drivers across a five-year plan
by examining the decision-making process of financial institutions
regarding SEPA projects. Celent is also issuing the model in response to
the general consensus that a real uptake to full-scale SEPA
implementation will follow only after the EU sets a clear definition of
migration deadlines from each of the 31 European Union countries
involved, to which banks and corporations can agree. Celent research and
advisory firm helps financial institutions formulate comprehensive
business and technology strategies.

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Coinstar’s Second Quarter Revenue Jumps 60%

Coinstar reports second quarter revenue of $219 million and net income of $2.7 million. The Company saw consolidated revenue grow 60% from the prior year period. This was combined with the continued integration in the money transfer business, as well as double-digit growth in E-payment revenue. Management estimates that revenue for the third quarter will range from $240 million to $250 million. Coinstar provides self-service coin counting, electronic payment solutions,
entertainment services, money transfer and self-service DVD rental. The
company’s products and services can be found at more than 50,000 retail
locations including supermarkets, drug stores, mass merchants, financial
institutions, convenience stores and restaurants. For complete details on Coinstar’s second quarter performance visit CardData ([www.carddata.com](http://www.carddata.com)).

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H.R. 5244 to Limit Consumer Credit Options

ABA President Edward Yingling has issued a statement conveying the Association’s disappointment with H.R. 5244 “Credit Cardholders’ Bill of Rights.” In detailing the concerns, Yingling states, “In its current form this bill seeks to lock into law restrictions on fundamental risk management activities, the way interest is calculated, and other responsible business practices. The result will be higher costs for consumers, reduced access to credit for those with an imperfect or limited credit history, and less access to low credit options”.

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Retail E-Commerce Growth Rates Soften

A monthly survey has found that retail e-commerce is slowing down.
comScore data reflect year-over-year growth rates up 15% in April, up
12% in May and up 11% in June for total U.S. online retail sales of
nearly $31 billion. Among the most popular retail items are video games,
consoles & accessories with a sales volume for the quarter 73% higher
than that of the year ago period. Additional figures show sales of
furniture, appliances & equipment were up 65%, home & garden supplies
were up 23% and event tickets were up 22%. The sale of jewelery,
computer and flowers, however, declined 10%, 10% and 11%, respectively.
comScore specializes in measuring the digital world.

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PAYPAL TOP UP VISA

Online payment provider PayPal is launching its “PayPal Top Up”
reloadable Visa card. Although useful
in brick-and-mortar retail stores, the card is ideal for consumers
without credit or debit cards who want to conduct retail transactions
online. Available nationwide after August 1st, 2008, the “PayPal Top Up
Visa” costs an initial fee of GBP4.95, can be topped up online in 3
clicks through the PayPal website and can also be reloaded offline at
Post Offices and PayPoint retail outlets. PayPal allows merchants to
sell their goods online for a safer, easier way to pay and get paid
online for over 141 million users in 190 markets.

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Adventity and FMT to Fight CNP Fraud

Business process outsourcer Adventity and Web application security provider FMT Worldwide have partnered to
develop an end-to-end managed service solution to combat“card-not-present” fraud.
The solution will combine Adventity’s leading analytics and process
management capabilities with “FMT Octopus” front-end
infrastructure layer plug-in that provides Web application security and
enhancement. Adventity will build business intelligence into FMT
Octopus based on
analysis of historical data of customer profiles, transaction behavior,
and associated fraud and genuine transaction patterns. Adventity’s
“Risk & Fraud Management Analytics” practice has
worked with leading banks, card processors and financial institutions
globally to provide quantitative risk solutions such as application,
behavioral and collection scorecards for credit risk management, loss
forecasting, risk-based pricing and fraud management. According to
APACS, the UK payments association, UK card-not-present
fraud losses increased by 37 percent in 2007 and accounted for more than
half of the £535 million card fraud losses last year.

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PayPal Launches a Top Up Visa in the U.K.

Online payment provider PayPal is launching its “PayPal Top Up”
reloadable Visa card in the U.K. Although useful
in brick-and-mortar retail stores, the card is ideal for consumers
without credit or debit cards who want to conduct retail transactions
online. Available nationwide after August 1st, 2008, the “PayPal Top Up
Visa” costs an initial fee of GBP4.95, can be topped up online in 3
clicks through the PayPal website and can also be reloaded offline at
Post Offices and PayPoint retail outlets. PayPal allows merchants to
sell their goods online for a safer, easier way to pay and get paid
online for over 141 million users in 190 markets.

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EPX Names a Director of Bank Alliances

DE-based Electronic Payment Exchange has appointed John Coleman as
Director of Bank Alliances. Coleman will provide EPX’s innovative
payment processing services to banks and Independent Sales Organizations
(ISOs) in the U.S. and internationally.
EPX will offer “BuyerWall” payment processing platform to
banks and ISOs. BuyerWall is the patent-pending cardholder data
protection system exclusively offered by EPX that enables merchants to
eliminate data breach liability, while also allowing the merchant to
retain complete control of the customer experience. For banks and ISOs,
BuyerWall will provide cardholder data security protection to their
customers and clients, while dramatically reducing their time and
expense associated with achieving Payment Card Industry (PCI) Data
Security Standards.

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