Barclaycard Leads British Payment Card Brands

A new survey shows that Barclaycard leads British card issuers in card ownership, card usage, perceived brand quality, brand awareness, and general brand characteristics. Based on data generated from a survey of 2,013 credit card users in 2007 by Auriemma Consulting Group, Capital One is the second most powerful based on brand awareness/ card usage ratings, Lloyds TSB cards have the highest outstanding balances while Marks and Spencer’s cards have the highest perceived quality with low card usage/moderate brand awareness. Furthermore, Egg’s card brand ranked third in general brand characteristics and the Post Office issues the least popular card brand.

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ACG IBI

Based on data generated from a survey of 2,013 credit card users in 2007
by the “Issuer Brand Index”, which is monitored in Cardbeat market
research tracking study and run by the Auriemma Consulting Group,
Barclaycard leads British card issuers in card ownership, card usage,
perceived brand quality, brand awareness, and general brand
characteristics. This data also demonstrates Capital One is the second
most powerful based on brand awareness/ card usage ratings, Lloyds TSB
cards have the highest outstanding balances while Marks and Spencer’s
cards have the highest perceived quality with low card usage/moderate
brand awareness. Furthermore, Egg’s card brand ranked third in general
brand characteristics and the Post Office issues the least popular card
brand. Auriemma Consulting Group has offered comprehensive, high-quality
management consulting to the credit and debit card industry since 1984.

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PAY LINX & BANK WEST

Pay Linx Financial Corporation has signed ISO agreements with Bank West
and a debit card service provider amending agreement No. II with the
Government of Alberta. The debit card service provider agreement is
reflective of amendments to further extend the duration of the pilot
project to March 31, 2009 and to update certain provisions of the
Original Service Provider Agreement, to which Bank West entered June 2,
2008, effective July 31, 2006 and expiring March 31, 2009. Pay Linx
develops payment issuing and processing services to corporations and
governments integrated with the Interac and MasterCard payment networks
in North America.

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Mortgage Delinquency Soars in the First Quarter

Mortgage loan delinquency (ratio of borrowers 60 or more days past due) increased for the fifth straight quarter, hitting a national average high of 3.23% for the first three months of 2008. This statistic is up almost 8% over the previous quarter’s 2.99% average, and is a staggering 61.5% higher than 1Q/07. TransUnion says the national 60-day mortgage delinquency rate among mortgage borrowers is expected to continue to rise throughout 2008 to just over 4% by year end. Mortgage borrower delinquency rates in the first quarter were highest in Nevada, followed closely by Florida, while the lowest mortgage delinquency rates were found in North Dakota, Wyoming and South Dakota. The source of the underlying data used for this analysis is TransUnion’s “Trend Data,” a one-of-a-kind database consisting of 27 million anonymous consumer records randomly sampled every quarter from TransUnion’s national consumer credit database.

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PREPAID PROJECTIONS

A new survey estimates a potential market of more than 300 million unbanked Latin Americans with a purchasing power of more than US$200 billion per year using reloadable prepaid spending cards by 2015. Brazil is expected to lead the way with US$69.5 billion followed by Mexico at US$54.3 billion and Argentina at US$22.2 billion within seven years. The research by NovoPayment also predicts that Columbia will have a prepaid purchase power of US$15.8 billion and Venezuela will have US$15.4 billion in prepaid spending volume by 2015. NovoPayment says its study revealed a significant market with the income, access to
infrastructure and consumption behavior to be viable prepaid general
purpose card users. Also, approximately 57% of the population has the
need, the capacity, the means, and it believes the necessary economic and social incentives to warrant modern payment tools. NovoPayment’s portfolio includes more than 730,000 active cards representing more than 22 million transactions and approximately $330 million annually.

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Powered by Digby M-Commerce Platform is Launched

Mobile commerce provider Digby has released “Powered by Digby” mobile shopping platform and signed on Godiva and 1-800 Flowers to launch mobile storefronts. These mobile storefronts utilize the retailer’s brand identity and deliver a streamlined shopping and checkout process to mobile users with smartphones. “Powered by Digby” also provides mobile-browser access which allows the retailer to reach any customer with access to the mobile internet. The combination of a rich application for smartphone users with broader access for mobile-browsers maximizes the return on the retailer’s investments by delivering their mobile storefront to virtually all connected handheld devices.

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Fair Isaac to Offer Memento Security Service

Fair Isaac has partnered with MA-based fraud solution provider Memento to offer “Memento Security 4.0” to financial service companies in order to combat internal fraud..Bringing Memento Security into Fair Isaac’s fraud portfolio, which includes protection for more than one and a half billion payment cards worldwide will provide Fair Isaac’s clients a new breadth and scope of protection against the escalating problem of internal fraud.

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QUORUM/DKV SERVICE CARD

Providing such features as a 45-day credit period and no bank guarantee,
Quorum/DKV has successfully launched its Service Card with 279 Clients
having ordered 1,806 cards since January. The card also features toll
services, VAT services, repair service and tire service offers at 9,600
filling stations in German and nearly 40,000 service stations across
Europe and Morocco. Quorum AG specializes in funding small and
medium-sized enterprises in Germany, is a member of the ABFA (Asset
Based Finance Association) and the International Factors Group with
operations in over 50 countries.

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Discover Antitrust Lawsuit Seeks $6B from V/MC

Discover’s antitrust lawsuit against VISA and MasterCard is reportedly seeking damages of more than $6 billion based on recently unsealed court documents. The litigation is scheduled for trial in September. The four-year old lawsuit follows on the heels of the DOJ’s successful lawsuit over Visa and MasterCard and its competition bylaws. Last year, Visa agreed to pay American Express $2.25 billion to settle its antitrust lawsuit. In 2003 VISA agreed to pay retailers $2 billion over a ten-year period, lower off-line debit-card fees, and modify its “Honor All Cards” policy. MasterCard also agreed in 2003 to pay the equivalent of $1 billion in damages. (CF Library 4/29/03; 5/1/03)

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RAHAXI & HANSAWORLD

FreeStar Technology’s Helsinki subsidiary, Rahaxi Processing Oy, has
signed a distribution agreement with HansaWorld for the deployment of
its terminals with “MacPeople” International Apple stores, the first
implementation using the MAC operating system. Established in Sweden in
1988, HansaWorld accounting, ERP, CRM, e-Business, retail (POS),
production and hotel business solutions employs around 300 associates,
has 20 years’ experience in the international software market and over
70,000 installations worldwide while FreeStar Technology Corp provides
merchants and acquirers financial products and services worldwide.

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