UNITY 10.1

Provider of risk management and compliance, the Trintech Group has
launched its “Unity 10.1” financial governance application suite.
Integrating AssureNET GL with “Unity Financial Close,” “Unity 10.1”
improves management oversight of period-end close processes and Expands
XBRL capabilities to ensure financial reporting accuracy. “Financial
Close” brings to the new solution enterprise management and compliance
framework for the financial close process, such as risk reporting, while
AssureNET GL provides automated review, approval, and status tracking of
account reconciliations. Trintech designed “Unity 10.1” to provide
enterprise risk management, accounting compliance, account
reconciliation, financial close and financial reporting.

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MASS TRANSIT CARDS

Analysis from Frost & Sullivan suggest issuers of both contactless mass
transit smart cards and of contactless banking applications work with
merchant outlets to develop multi-application platforms. However,
Back-end systems and the infrastructure of applications in the different
sectors are often not linked, presenting a short-term issue for the
suggested interoperability. Frost & Sullivan Growth Partnership Company
provides its “TEAM Research”, “Growth Consulting” and “Growth Team
Membership” to its clients to create a growth-focused culture from its
more than 30 offices on six continents.

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FIMA 2008

The dates of the 6th annual FIMA conference, “FIMA 2008,” has been
scheduled for the 11th to the 13th of November 2008 at the London
Olympia. “FIMA 2008” will host over 400 senior financial data
practitioners to touch on key initiatives and future projects with a
focus on enhanced data quality and reduced operational risk. The 2008
conference will especially focus attention on how organizations can
transform long-term data management goals into immediate-term
deliverables. “FIMA 2008,” led by investment banks and asset managers
worldwide, concentrates on contemporary developments in data management
and will be sponsored by such suppliers as CapGemini Consulting India,
SmartCo, Alacra, Counterparty Link, Informatica UK, Xtrakter, Thomson
Reuters, Interactive Data and Goldensource.

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CITI OCTOPUS CARD

Citibank and Octopus Cards have introduced the first credit card in Hong Kong that offers a credit card function, a contactless smartcard payment function, and cashback in addition to the existing “Octopus Rewards” program. The new “Octopus Citibank Credit Card” comes as a “Platinum Card” and a “Gold Card” and features an automatic reload from the credit card for “Octopus” functionalities. At least 0.5% of eligible credit card spending will be offered as a cash rebate to offset the “Octopus Automatic Add Value” amount. There is no annual credit card fee and no HK$50 deposit for Octopus. Launched in 1997, Hong Kong’s Octopus is the world’s leading and most extensive smartcard payment system, with over 2,000 service providers across different businesses including public transport, parking, retail, vending and kiosks, schools and leisure facilities, and access control for residential and commercial buildings, with about 50,000 Octopus readers deployed in the market.

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U.S. Bank Launches Mobile Banking Nationwide

U.S. Bank has launched its mobile bank account access solution for its
internet banking customers. Targeting the 220 million Americans who
currently subscribe to wireless services, the m-banking solution allows
users to check balances, obtain transaction history and transfer money
using any major mobile phone carrier that provides mobile internet
access. The Bank will eventually enhance the solution to allow customers
to pay bills through its Internet Bill Pay and provide text
message-based alerts/services. U.S. Bancorp has $247 billion in assets,
operates 2,542 banking offices and operates 4,895 ATMs throughout the
Unites States.

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CONSUMER PULSE

France’s leading index decreased .5% while the coincident index was
unchanged for the month of May 2008 according to the Conference Board.
The leading index’s decline for the seventh consecutive month is
consistent with a 2.1% decline over the past 6 months. Meanwhile, the
coincident index having not changed for the month is inconsistent with a
.9% increase over the previous 6 months and is a direct result of
negative contribution from industrial production that was offset by
positive contributions from personal consumption of manufactured goods,
employment and wages. 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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ID DATA MGR

ID Data Group has appointed Alan Jordan as Managing Director of the
Company’s core operating business focused on card solutions. Jordan
joins ID Data with a strong background in the card related industry
and was prior to this appointment the CEO of Oakhill Group, now renamed
Prime Active Capital. ID Data is a fully accredited Visa and MasterCard
card producer and card processor with its high security bank
card capabilities based in Petersfield, England.

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Comdata Launches a Dexter + Chaney MasterCard

Dexter + Chaney construction-specific ERP systems has signed co-branded
MasterCard agreements with Comdata payment solutions. The new “Comdata
MasterCard” enables enhanced purchasing controls, integrating costs
faster than traditional non-card payment methods, to focus on
integrating systems for fuel and purchasing transactions in the
construction Industry. Dexter + Chaney provides its “Spectrum
Construction” software to more than 1,000 customers in the construction
industry. Comdata’s platforms support both its proprietary and branded
card networks.

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PAYZONE TERMINALS

Petrol Retailers Association, part of the Retail Motor Industry
Federation, has teamed with Payzone UK consumer payments and cash
distribution network to enable its retailers to offer Payzone’s range of
services. They include mobile top
up, utility bill payment, gift cards highly competitive commission rates
and fewer cash collection points per week.
The total annual gross value of mobile top up is worth close to seven
billion euros in the UK alone while gift cards will account for close to
GBP13 billion over the next five years. Moreover, 30,000 UK retailers
host Payzone terminals in-store and 170,000 retailers host the terminals
across 21 European countries, conducting 630 million transactions annually.

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MPC Honks it Horn Again; Forgets Card Net Impact

The House Judiciary Committee’s passage of the H.R. 5546 “Credit Card
Fair Fee Act” of 2008 is getting a positive reception from merchants.
The Credit Card Fair Fee Act will allow merchants for the first time to
be included in the negotiating process with Visa and MasterCard,
separately with their banks, to come up with a voluntary agreement on
interchange rates and terms. Interchange fees amount to approximately
$2 of every $100 spent using credit cards. Credit card interchange fees
cost Americans $42 billion last year and inflate the cost of virtually
all retail goods, but especially skyrocketing food and gasoline prices.
Currently, credit card interchange rates are set in secret, hidden from
view, and exclude merchants from the negotiating process.

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RMB DEBIT CARDS

Citibank (China) has passed inspections by the People’s Bank
of China and been granted approval to issue Renminbi debit cards in China. In doing so, Citi has partnered with China Union
Pay’s subsidiary, China Union Pay Data Services, bankcard third-party processor for transaction processing onshore. The final preparations for the debit card launch are currently underway and
soon expected for deployment.

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