GIESECKE & DEVRIENT

The Republic of Kosovo’s Kosovar Ministry of Internal Affairs has
awarded the contract to issue 600,000 citizens’ passports and 400,000
driver’s licenses to Giesecke & Devrient (G&D). G&D will produce and
supply the high-security travel documents, which were produced in 3
months in cooperation with the EU to confirm they met security
standards, for complete deployment by the end of 4Q/08. Security
standards of the documents include Multi Laser Image (MLI),
laser-engraved name or date of birth onto the license surface, a black
light-conducive passport picture, a G&D “INFACIO” feature to make any
alteration virtually impossible and meets the requirements of the
International Civil Aviation Organization. G&D provides smart cards
solutions for telecommunications, electronic payment, healthcare, ID,
transportation, and IT security thanks to its 9,000 employees and had a
2007 revenue of almost EUR1.5 billion.

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NCR Profits Slip 12% in the Second Quarter

NCR reported second quarter revenue of $1.33 billion, a 13% increase over 2Q/07 and net income $45 million compared to $51 million in the year ago quarter. An 11% revenue growth in the Americas region was driven primarily by sales growth to financial institutions. In the Europe-Middle East-Africa region, revenues increased 16% due to strong demand for NCR products from Eastern European and Middle Eastern customers. NCR experienced 10% revenue growth in the Asia-Pacific-Japan region. Total revenue growth of 13%t was aided by approximately five percentage points of benefit from foreign currency translation. In the second quarter, NCR rolled-out the “NCR SelfServ” with over 4,000 units ordered by more than 120 customers around the globe year-to-date. In May, the next generation “NCR FastLane” self-checkout solution was introduced in Las Vegas. Additionally, NCR extended its self-service portfolio further into the hospitality market with the unveiling of the new “NCR XpressPort” kiosk, a modular hotel check-in kiosk. For complete details on NCR’s second quarter performance, visit CardData (www.carddata.com).

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OLYMPICS GAMES PROMO

Visa has awarded two select Elan Financial Service clients with a trip to
Beijing for the Olympics, complete with airfare, accommodations, tickets
to Olympic events, a $500 Visa gift card and VIP hospitality. The
clients, an employee from Desert Schools Federal Credit Union and a USA Credit Union employee, were awarded the prize as winners of
the Visa “Olympic Games Promotion.” The contestant winners entered
into a random drawing to win one of the two trips to the Olympic Games
after having sold five or more approved, booked credit cards during the
promotion. Elan and Visa provide opportunities such as these twice
annually as a means to offer clients unique experiences. Visa provides
payment card acceptance in more than 170 countries while Elan Financial
Services has over 1,700 financial institution partners and provides
reporting and marketing tools to more than 3,000 financial institutions.

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U.S. Consumer Confidence Levels Off in July

Consumer confidence is finally leveling off. The “Conference Board Consumer Confidence Index” now stands at 51.9, up slightly from 51.0 in June. The CB said while consumers remain extremely grim about short-term prospects, the modest improvement in expectations, often a harbinger of economic times to come, bears careful watching over the next few months. Consumers anticipating business conditions to worsen over the next six months eased to 32.4% from 33.5%, while those expecting conditions to improve edged up to 9.3% from 8.5% in June. The outlook for the labor market remains gloomy. The percent of consumers expecting fewer jobs in the months ahead increased to 37.1% from 35.7%, while those anticipating more jobs remained virtually unchanged at 8.2%.

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FLEETCOR PROCESSING

FleetCor has announced its strategic partnership with Moscow-based
Petrol Plus Region (PPR) fuel card company. For PPR’s Russian, Polish
and Baltic operations, FleetCor will manage and develop the
organization’s card processing. FleetCor provides managing/processing of
commercial fuel cards for over 750,000 business fleets and more than 3.5
million active cardholders around the world through its 15 different
offices employing over 800 associates while Petrol Plus Region is based
in Moscow to provide its fuel card services through Russian, Lithuanian
Polish offices.

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Heartland Payment OneCard System Launches

Card processor Heartland Payment Systems has teamed with the Identification
Systems Group network to offer Heartland’s “Campus Solutions’ OneCard
System” to colleges and universities nationwide. The “OneCard” system offers campuses all aspects of card
technology use including student, faculty and staff identification. When powered by
Heartland’s “Give Something Back Network”, the “OneCard”and
its duplicative contactless tag give campuses expanded functionality for
their one-card systems. The card and tag — which can be affixed to cell
phones, PDAs and other portable devices — can be used in a variety of
ways from paying at vending and laundry machines to providing facility
access, checking out library books, buying meals and receiving financial
aid, tuition reimbursement and refunds and payroll. When used for off-campus purchases,
the card/tag allows students,
faculty and staff to automatically make
charitable donations back to the sponsoring school with every purchase.

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New Survey Shows High Consumer Bank Confidence

MI-based market research firm Morpace has released the results of a survey that indicate that 87%
of consumers are confident in the financial strength of their primary personal bank.
Morpace conducted the nationally representative survey of 985 consumers and 104
small business owners who were asked “How confident are you in the
financial strength of your primary personal bank?” Only 2% of
consumers and small business owners say that they are not confident in
their primary bank.

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Hilton Offers AmEx Card to Meeting Planners

Meeting and event planners booking with Hilton “e-Events” are being rewarded with a $100
American Express Reward Card when they spend $2,500. e-Events enables planners to book meeting
rooms and/or guest rooms 24/7 for business and social events, including
family reunions, weddings and stays associated with amateur sporting
events. The online booking tools cater to groups requiring 25 rooms or
less at more than 2,500 participating Hilton, Conrad Hotels & Resorts,
Doubletree, Embassy Suites Hotels, Hampton Inn, Hampton Inn & Suites,
Hilton Garden Inn, Hilton Grand Vacations, Homewood Suites by Hilton and
The Waldorf=Astoria Collection hotels in North America. Planners can
book up to 25 guest rooms one year in advance, as well as meeting space,
food and beverage, and audio/visual equipment online. The planner
receives instant confirmation of his or her event booking.

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GE Money and Brooks Brothers Renew Card Deal

GE Money has renewed a multi-year agreement for clothing retailer Brooks Brothers private label card and “Dual Card” credit programs. The Brooks Brothers private label card and “Dual Card” offer a host of benefits, including 15% off first day purchases on the card and a rewards program that provides 4 reward points for every $1
spent at Brooks Brothers and 1 point everywhere else that accepts the
“Dual Card.” The credit card program also delivers exclusive cardholder
events, pre-sale notification, no annual fee, and other benefits, such
as cash access, travel assistance/insurance, and extended warranty
coverage on the “Dual Card.”

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Advanta’s Biz Card Profits Plummet 83%

Advanta reported second quarter net income of $4.0 million, compared to $22.2 million for the prior year quarter. The drop was related to a significant increase in provisions for credit losses.
Managed and owned net credit loss rates for the quarter were 8.38% and 8.87%, respectively. At the end of the quarter, managed and owned receivables totaled $6.1 billion and $851 million, respectively. Consistent with the Company’s prior comments about new customer expectations, the Company added about 26,000 new customers in the quarter. Customer transaction volume totaled $3.5 billion of which almost 90% related to merchandise sales activity. For complete details on Advanta’s second quarter performance, visit CardData ([www.carddata.com](http://www.carddata.com)).

ADVANTA’S CARD PORTFOLIO SNAPSHOT
Period Card Loans
2Q/07: $5.99 billion
3Q/07: $6.21 billion
4Q/07: $6.35 billion
1Q/08: $6.35 billion
2Q/08: $6.33 billion
Source: CardData (www.carddata.com)

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Nexxo and HSBC Roll-Out a Money Transfer Service

Nexxo Financial has installed its electronic money transfer service at
19 HSBC Credit Center branches across California and Texas. The new
solution provides self-service money remittance technology to customers
in the U.S., allowing them to conduct remittance to over 21,000
locations across Latin America and Mexico of up to $1,000. Remittance
can also be sent to the HSBC “La Efectiva” ATM/Visa card for use at more
than 1,400 HSBC branches and 4,500 ATM locations across Mexico. HSBC
Bank has assets of over $557 billion providing accounts to 68 million
customers while Nexxo Financial electronic money remittance service is
available at over 100 kiosks at nearly 2,000 locations throughout
California, Arizona and Texas.

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GREAT WALL CARDS

Bank of China has issued an RMB “Great Wall Prepaid Card” especially
designed for foreign visitors to China during the Beijing Olympic games.
The “Great Wall Prepaid Card” allows transactions using different RMB
denominations, adheres to the China Unionpay standards and will be
issued from July 25 to the end of the Games in all BOC branches. The
card was designed to remove payment barriers for the foreign visitors
and is being introduced in conjunction with BOC’s “Great Wall 2008 Debit
Card.”

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