CHINESE CANADIAN MERCHANTS

Global Payments payment processor has announced it will be providing
specialized technical and customer care in Mandarin and Cantonese
languages to serve and appeal to Chinese merchants in Canada. In
addition to this specialized technical and customer care, Chinese
speaking merchants are also afforded access to Global Payment’s
innovative POS solutions, marketing support and sales support. Global
Payments Inc provides electronic transaction processing services and
money remittance for consumers, merchants, ISOs, financial institutions,
government agencies and multi- national corporations throughout the world.

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PAYZONE & BESTWAY

Payzone UK has signed agreements to provide nearly 500 Bestway Direct
a full range of prepayment services. The services include utility
bill payment, mobile top up and Bestway gift cards; “Bestway Cash and
Carry,” “Best-One” and “Best-in.” The projected number of Bestway stores
will host the terminals by July 2009 to generate up to 500,000 new
annual transactions for Payzone UK. Payzone processes over 630 million
transactions per year on behalf of its clients for a total value of over
EUR13 billion through its POS network of over 240,000 at more than
170,000 retail locations across 21 European countries.

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CREDITBUILDER MASTERCARD

Advanced Payment Solutions has introduced Europe’s first prepaid card that offers a creditbuilder function. With the “cashplus prepaid gold MasterCard,” a loan is made to the cardholder and each month the loan is repaid as a GBP 4.95 monthly installment. Strict adherence to payment of the monthly premium is reported to the leading credit rating agency and at the end of the 12 months the loan with APS is cleared and counts towards building or improving the customer’s credit rating as a satisfied loan. Applicants do not need to undergo a credit check or have a bank account. There is no interest to pay, no late fees and no overdraft fees. The innovative program has been endorsed by the Consumer Credit Association. The “cashplus prepaid MasterCard” was launched in September 2005. APS is backed by U.S. private equity and venture capital
firm Trident Capital.

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Mocapay Names a New Chief Executive

CO-based mobile marketer Mocapay has hired Kevin Grieve, previously with First Data, as its CEO and founder Rod Stambaugh will continue as Chief Strategy Office and Board Member. Grieve was most recently President of the Prepaid Services division which provided open and closed loop gift card, loyalty, and payroll services in over 25 countries to 250 national/global merchants including Starbucks, McDonald’s and Walmart in addition to 50,000 small businesses. He holds an MBA from Northwestern’s J.L. Kellogg Graduate School of Management. Mocapay allows consumers to simply and securely transact at any point of sale with a mobile device using any tender type and also gives users the ability to receive targeted marketing messages from their favorite retailers.

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RAHAXI BOARD

Payment processor FreeStar Technology has appointed electronic banking
expert John Hardy to FreeStar’s subsidiary
Rahaxi’s Advisory Board. Hardy became the Chief Executive of LINK
Interchange Network Ltd in 1989,
following six years as Head of Business and then Head of Automated Banking
at Girobank where he was responsible for both the development and operation
of all consumer electronic services, including Electronic Funds Transfer at
Point of Sale (EFTPoS) systems and home banking. Under his direction,
LINK has become the UK’s national cash machine
network with 47 banking and building society and Independent ATM deployers
as members. During 2007 the LINK network processed 2.8 billion transactions
via 65,000 ATMs. Hardy retired in 2007, having overseen the merger of the
company with Voca, operator of the BACS network, to create VocaLink. He
is also the founder and Chairman of the European Switches Forum+.

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SIA-SSB EXEC

SIA-SSB has appointed Livia Judith Szabo CEO of GIRO Bankkartya ZRt
(GBC) Hungarian debit and credit card payments unit. Coming to SIA-SSB
with experience in the financial and Information & Communication
Technology sector as Managing Partner at Next Consulting Ltd. for Head
of Business and Strategy Development in 2007, Szabo has extensive
experience. This includes her role as Presidential Advisor of OTP Bank
and Vice CEO of the Consumer Banking Division of the Romanian bank,
RoBank, from 2004 to 2007, Associate Vice President and Account Director
for central-eastern Europe at MasterCard International from 2001 to 2004
and as marketing manager at Euronet Worldwide independent ATM network
provider in 1996. Livia’s education includes a degree in Economics from
Janus Pannonius University (Pécs) and further studies from Georgetown
University.

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DISPLAY CARDS

Giesecke & Devrient and Aveso have partnered to offer hot laminated
electronic display cards. Using Aveso’s rugged display technology and
Giesecke & Devrient’s smart card technology expertise, the
display cards the electronic display cards provide users with one-time
password (OTP) authentication. The OTP display cards feature an Aveso
display embedded together with a battery, circuit and
button in a standard credit card form factor. G&D is based in Munich,
Germany and employs nearly 9,000 for a 2007 annual revenue of over EUR
$1.5 billion while Aveso provides flexible displays integrated securely
with various products such as credit cards, product packaging and
medical diagnostics.

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June Credit Managers Index Looks Grim

A monthly survey has discovered that credit managers seem downright depressed. The seasonally adjusted “Combined Credit Manager’s Index” fell 0.9% in June to 50.1 compared to 49.8 last month. On a seasonally adjusted basis the year-over-year comparisons are grim. All 10 components in all three indexes fell. All three indexes tied their records for the most components below the critical 50 value indicating economic contraction: six for the combined and manufacturing indexes, and seven for the service index. The CMI survey asks credit managers to rate favorable and unfavorable factors in their monthly business cycle. Favorable factors include sales, new credit applications, dollar collections and amount of credit extended. Unfavorable factors include rejections of credit applications, accounts placed for collections, dollar amounts of receivables beyond terms and filings for bankruptcies.

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CYBERBIT & EUROLINE

Payment service provider Cyberbit A/S has entered into an agreement with SEB Group’s Euroline AB, to provide new opportunities for Cyberbit to penetrate new markets and to strength the company with new payment and settlement possibilities. Cyberbit is now able to take on new high volume merchants in the traveling and airline business, to provide credit card processing and anti-fraud tools. Euroline offers businesses a simple and secure infrastructure for accepting cards as a means of payment.

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HSBC MERCHANT SERVICES

E-payment platform provider Global Payments has created a joint venture with HSBC Bank to provide payment processing services and merchant acquiring services to over 135,000 merchant outlets.Global Payments paid HSBC $439 million in cash to acquire a 51% ownership
in the joint venture with HSBC to control the remaining 49% and
contributed its existing merchant acquiring business in the United Kingdom to the joint venture. In addition, HSBC and Global Payments have entered into a ten-year marketing alliance in which the bank will refer its customers to the joint venture for merchant payment processing services. In 2007 HSBC’s merchant acquiring business in the
United Kingdom generated revenue of approximately $229 million (114 million pounds Sterling). Global Payments expects this transaction will be accretive to diluted earnings per share in the first year.

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VISA PAYWAVE

Visa payWave has increased its global reach thanks to its enhanced
contactless technology specification. Implementing “wave and go”
technology, Visa’s new “Contactless 2.0″ solution will market toward the
24.8 million consumers worldwide to use chip-embedded credit cards for
contactless payments in 2008, a figure to double within five years
according to Javelin Strategy & Research. For example, Visa and Banco
Bradesco are providing Brazilian consumers with contactless payment
cards, in China:, The Industrial and Commercial Bank of China (ICBC),
Beijing Parkson Shopping Center and Visa are introducing
the”Peony-Parkson” Visa payWave Credit Card, Visa and Starbucks are
providing contactless solutions to consumers in South Korea, Citibank
has issued the Visa payWave in Taiwan and in Thailand, Visa Contactless
is used by commuters on the Bangkok Mass Transit System. Additionally,
trials are soon underway in Australia, Canada, China, Brazil, France,
Guatemala, Hong Kong,
Indonesia, Italy, Korea, Malaysia, Poland, Singapore, Spain,
Switzerland, Taiwan, Thailand, Turkey, the United Kingdom and the United
States.

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Security a Driving Factor in Selection

A new survey shows that security, online experience, rewards programs and interest rate are driving factors in how consumers make decisions when selecting an issuer or choosing a card at the point of sale. Javelin Strategy & Research surveyed three demographic age groups for this study — “Baby Boomers” (1945-1965), “Gen X” (1961-1981) and “Gen Y” (1979-1999). Across all three age groups, security from identity fraud is paramount with more than 80% citing this as an important concern. Javelin also cautions that, as fear of data breaches rise, security at the point of purchase increases in importance to consumers.

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