Givex Introduces the SKU Loyalty Program

Card management technology provider Givex has launched its SKU (Stock Keeping Unit) Loyalty Program. Merchants can reward customers for purchasing specific products or services. Givex merchants who subscribe to this service can tie point rewards or discounts to the purchase of specific SKUs. Merchants specify the SKUs to be included in the program and the corresponding rewards. They will be able to manage these settings using a secure online interface. Whenever a loyalty card holder makes a purchase, the Givex database automatically checks for relevant SKUs and applies their associated rewards, allowing merchants to focus on the customer experience. The flexible Givex system can be further customized with promotional rules, such as providing bonus points if the SKU was purchased on a particular day of the week.

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Experian Launches a Biz Monitoring Service

Experian has launched its “Account Monitoring Service” for business clients. Some of the enhanced triggers include score changes, payment behavior changes, public record filings, including bankruptcy, liens and judgments, collection filings, changes in key payment ratios, delinquent accounts and inquiries The “Account Monitoring Service” is available to clients in three convenient delivery methods, including batch, Web service or through its new software interface, “Portfolio Alert Advisor”. The new software provides enhanced filtering capabilities to view and process alerts in a prioritized list that can be expanded to provide specific details about each event or change. “Portfolio Alert Advisor” also improves the account management process by providing a multiuser, workflow-driven environment that helps reduce labor costs and time spent managing individual accounts.

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BMO AIR MILES

The BMO Bank of Montreal has designed its reward program to allow points
collectors to earn points faster for redemption on over 800 merchandise
items through its partnership with AIR MILES. First introduced in 1992,
the BMO Bank of Montreal rewards program has rewarded customers a total
miles equivalent to that of more than 250,000 round-trip flights across
Canada, 67,500 trips to Australia from Ontario and 621,000 Apple iPod
Shuffles. Through sponsorship of more than 100 brand name coalitions and
10,000 retail/service outlets, customers can redeem points for such
things as air travel, merchandise and services of various sorts. Among
the most popular redemption items is the Uniden 5.8 Ghz Cordless Dual
Handset Call ID – Charcoal, the Black & Decker 7.2 Volt Wet/Dry
Dustbuster, Uniden 5.8 Ghz Cordless/Corded Combo, the Rival Crockpot
5.6L Chrome/Black Stoneware, the Coby Digital AM/FM Alarm Clock Radio
with Built-In Projector, the Canon SD600 6.0MP Digital Camera, the
Motorola 5.8 Ghz Digital Cordless Phone, Cuisinart(R) Brew Central
14-Cup Coffeemaker, Canon A430 4MP Digital Camera – Red and the Bissell
Power Trak Revolution.

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CAIXA & DIEBOLD

Diebold has signed agreements for a sales order of more than 9,600 ATMs
with Caixa Economica Federal of Brazil with, among the largest single
ATM sales-order volumes in history. The Diebold “ATM 4500” ATMs will be
integrated with the institution’s existing fleet 19,000 ATMs currently
in operation and include such security features as anti-skimming
technology with monitoring sensors for dip card reader, keyboard, an LCD
display and electronic access control. This agreement is being
implemented with the intention of positioning Caixa to benefit from
greater operational efficiencies and profitability, which has over 32
million accounts totaling a volume of U.S. $170 billion, while Diebold
integrated self-service provider employs over 17,000 associates with
representation in 90 countries.

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AXIOM

American Express has announced its intention to introduce its “AXIOM”
business travel management solution to the United Kingdom market.
Providing clients with Web 2.0 technology, the “AXIOM” intelligent
online marketplace is powered by Rearden Commerce and will provide
British consumers with travel services before 2009 after a successful
run in the US. Providing inventory from over 135,000
suppliers, the AmEx Intelligent Online Marketplace provides businesses
with control over unmanaged expenses, which account for 49% of travel
costs, and allows managers to maximize negotiated savings from
merchants. For travelers, “AXIOM” provides convenience with a searching,
purchasing and management solution while providing suppliers with access
to AmEx clients and opportunities to make customized offers to
corporations.

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eBay Introduces PayPal Pay Later

eBay buyers can now take advantage of no payments for 90 days with “PayPal Pay Later” for purchases between $50 to $199. Sellers also benefit through increased sales and higher selling prices. According to a study commissioned by PayPal, 56% of PayPal users are more likely to purchase from a merchant if a PayPal deferred payment option is available. Pay Later purchases are the same as regular PayPal purchases: the sellers are paid quickly, and standard PayPal fees apply. Sellers who accept PayPal on eBay will automatically offer the Pay Later payment option. Buyers can use Pay Later even if they don’t have a PayPal account. The streamlined application can be completed in 30 seconds and provides a buyer with instant access to credit.

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APRIL DEBT

Credit card debt retrenched to A$43.0 billion in March after peaking in February. Credit card volume also lost some ground in March slipping to A$17.1 billion. Year-on-year credit card debt has increased 9%, compared to March 2007 while card volume is only up 3% year-on-year. Credit card limits reached a new high at A$117.0 billion, marking the 19th consecutive month of A$100+ billion. According to the Reserve Bank of Australia there are currently 14.1 million credit card and charge card accounts in Australia, compared to 13.4 million one-year ago.

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INTERAC PROJECTIONS

Research shows 61% of Canadians spend long summer weekends in their
hometown, 22% at a vacation cottage and 15% will be traveling. With
INTERAC having processed 33.4 million transactions on Victoria Day’s
long weekend alone, additional findings show during the long weekends
84% buy groceries, 64% buy gas, 46% purchase alcohol and 25% intend to
expand their wardrobe with 49% using INTERAC Direct Payment (IDP), 25%
paying with cash and 25% using credit cards. Moreover, 80% plan to spend
time with friends/family this summer, 61% plan to do work around the
house, 56% are participating in outdoor sports and 37% are catching up
on sleep. The survey for these findings were conducted by INTERAC in May
of 2008 and are considered accurate within ± 3.1 percentage points, 19
times out of 20.

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YUCHENG & CCB

Yucheng Technologies has expanded its partnership with China
Construction Bank and will be providing POS merchant acquiring to the
Beijing Branch of the bank (“CCB Beijing”). Since 2007, Yucheng has
built a team of 376 sales representatives for a presence in 15 cities
across China thanks to added revenue factors. These factors include POS
terminal revenue costs down from US$250 to US$225 in 1Q/08 and an APV
per POS terminal over US$7,000 after 3 months active, collectively
allowing for roughly US$14 in revenue per month per terminal. China
Construction Bank has a network of 13,629 branch outlets across the
country with total assets of US$902 billion and over12.6 million credit
cards/220 million debit cards issued across China.

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Fiserv Releases CheckFree PaymentView

Fiserv’s CheckFree has released “PaymentView” web-based payment monitoring solution. “PaymentView” is a comprehensive, web-based payments monitoring system with a dashboard view across existing check, cash, wire, Automated Clearing House (ACH), credit and debit card activities. PaymentView gives banks of any size and their corporate treasury clients real-time risk management capabilities along with multiple operational cost-savings and fee income opportunities. The PaymentView solution include centralized end-to-end check monitoring, including source capture monitoring; real-time business process monitoring for more comprehensive compliance and risk management and alerts about operational events that have the potential to result in losses with robust reporting and analytics functionality providing banks new treasury services revenue opportunities through corporate payments trending, historical performance and forecasting.

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HSBC 1Q/08

HSBC reported that its U.S. credit card delinquency and charge-offs moderated somewhat in the first quarter. The issuer says that its decision to pull back in credit card lending, which produced lower origination balances helped dampen the rising metrics. For the first quarter HSBC posted a 60+ day delinquency rate of 5.9% for its U.S. general purpose credit cards, compared to 5.8% in the prior quarter. Private label credit cards in the U.S. posted a 3.6% 60+ day delinquency rate for 1Q/08 compared to 3.4% for 4Q/07. Overall, HSBC continues to be dogged by its U.S. mortgage business as it reported a first quarter loan impairment of $3.2 billion, compared to $1.6 billion one-year ago. For more details on HSBC’s latest performance visit CardData (www.carddata.com).

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MC FOUNDATION

The MasterCard Foundation has awarded $600,000 to six microfinance training institutes to fund 200 scholarships. According to a recent study by the Center for the Study of Financial Innovation, the greatest risk facing the microfinance sector, which provides access to financial services to low-income populations in developing countries, is the uneven quality of management and limited staff capacity. The Scholars Program will help meet this need by extending educational and training opportunities to microfinance staff at the regional and local levels. The MasterCard Foundation is an independent, private charitable foundation headquartered in Toronto, Canada. It was established through MasterCard’s customer financial institutions at the time of the company’s initial public offering, to fuel economic growth and opportunity for underserved people around the world.

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