DRM & GPD/STIP SPECIFICATION

Calton Hill application provider has deployed GlobalPlatform’s GPD/STIP
Specification device software platform for its “Digital Rights
Management” (DRM) solution. This will allow Calton Hill to provide such
digital content as video, data and music with its “SecureSharing”
solution, the first commercial usage of the GlobalPlatform device
technology. The files are stored on SanDisk “TrustedFlash” cards and can
only be read by GlobalPlatform-compliant mobile devices, 75% of which in
the market are compatible with the new solution. Calton Hill provides
security critical software and contributed significantly to the
development of GlobalPlatform STIP Specifications, which is a member
driven association providing smart card infrastructure development for
cards, devices and systems to organizations around the world.

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MOBILE MONEY

Montise and Metavante have partnered with Carphone to launch a “mobile
money” scheme with the “Carphone Warehouse Prepay Card.” Managed from
the user’s mobile phone, the prepaid card, which will be generated and
provided by Metavante Technologies, can be used for transactions with
millions of outlets worldwide, while Monitise will offer access to
mobile banking and the payments network. Over a secure application
stored on the mobile handset, this mobile management allows customers to
“top-up” the card directly from their bank account and the ability to
spend up to the value of credit at the time, protecting users from
overspending. Metavante Technologies provides banking and payments
technologies to over 8,000 financial firms and businesses around the
world while Monitise is a specialist in mobile banking, payments and
commerce technology.

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ACI’s First Quarter Revenues Inch Up

Electronic payment systems software provider ACI Worldwide reported revenue of $92.6 million in the quarter, a 3% over the prior-year period. Net loss for the quarter was $3.5 million, compared to net loss of $0.4 million during the same period last year. The Company says there was renewed investment in product development and in services personnel to manage both the migration of customers to its latest “BASE24” offering as well as the implementation of the record new accounts it booked in prior quarters. During the quarter ACI added new BASE24-eps customer locations in Romania and Kyrgystan; in Thailand Kasikorn Bank purchased a global payment hub comprised of multiple products in an IBM environment. ACI has more than 800 customers in 88 countries. For complete details on ACI’s latest performance visit CardData ([www.carddata.com][1]).

ACI REVENUES
1Q/07: $89.9 million
2Q/07: $98.1 million
3Q/07: $84.7 million
4Q/07: $101.3 million
1Q/08: $92.6 million
Source: CardData (www.carddata.com)

[1]: http://www.carddata.com

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NETBANX

easyBus airport transfer operator is among merchants having recently
deployed NETELLER’s “NETBANX” international payment gateway service,
which allows customers to pay online in their own currency and language
with a range of payment options. Moreover, “NETBANX” provides
multi-lingual pay pages allowing merchants to collect payment from
consumers in the language of their preference, in-stream Dynamic
Currency Conversion (DCC) allowing acceptance of most currency, supports
all major international card payment brands and supports various
European card payment types for a wider range of payment options and a
correlating range of customers. The NETELLER Group provides its payment
services to retailers and merchants in over 160 countries.

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CSI Expands its Fleet Fuel Card

FL-based CSI Enterprises has introduced its “Fleet Fuel Card” to the small business fleet market, normally reserved for large fleets, to help counteract surging gas prices. In doing so, the “CSI Universal Fleet Fuel Card” not only reduces gas expense, but offers card control features as well. These features include finding the lowest gas prices in town, receiving discounts at the pump directly and online card management with real-time data. CSI Enterprises Inc. is a corporate asset management and payment network providing financial payment products for a range of products across North America and the Caribbean.

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ACI 1Q/08

Electronic payment systems software provider ACI Worldwide reported revenue of $92.6 million in the quarter, a 3% over the prior-year period. Net loss for the quarter was $3.5 million, compared to net loss of $0.4 million during the same period last year. The Company says there was renewed investment in product development and in services personnel to manage both the migration of customers to its latest “BASE24” offering as well as the implementation of the record new accounts it booked in prior quarters. During the quarter ACI added new BASE24-eps customer locations in Romania and Kyrgystan; in Thailand Kasikorn Bank purchased a global payment hub comprised of multiple products in an IBM environment. ACI has more than 800 customers in 88 countries. For complete details on ACI’s latest performance visit CardData (www.carddata.com).

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ePayments Targets Professionals with ACH

Merchant credit card processing fees average $300 to $1,000 monthly. In response, CO-based ePayments electronic payment processing company has launched a professional payment services division with a check processing system to reduce these credit card processing fees. In doing so, the new service implements its Automated Clearing House (ACH), charging a monthly flat rate of $39 and no transaction costs, especially for patron school, non-profit, government and company organizations.

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Make Mine a Million Biz Adds More Members

American Express OPEN and The Make Mine a Million $ Business Program have announced those members who have grossed more than $1 million in 2007. The Million $ Business Club is currently made up of 29 women business owners who have benefited from mentoring, marketing assistance, a peer network, financing and technology tools provided by the program. Their businesses range from construction, staffing for clinical trials, spas located with airports, bail bonds and IT and business consultants. Launched in 2005 by Count Me In for Women’s Economic Independence, the leading national not-for-profit provider of resources and business education for women entrepreneurs, and founding partner American Express OPEN(R), Make Mine a Million $ Business is the only program dedicated to helping post start-up women entrepreneurs grow million-dollar firms. More than 48,000 women entrepreneurs from across the country have already joined the Make Mine a Million $ Business community and have made a pledge to build million-dollar enterprises.

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InsurCard Visa Prepaid Card Introduced

PA-based InsurCard has introduced the “InsurCard Visa Prepaid Card”, designed to simplify the insurance claim payment process for workers comp, property, and casualty insurance claim payments. In doing so, the solution allows e-payment files sent from users’ insurers to the” InsurCard”-issuing banks, which then mail the prepaid card to the consumer. With processing and issuing costs of paper checks ranging from $10.00 to $15.00 per, experts conclude this could save some insurers over a million dollars annually while providing convenience for consumers.

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Monthly Payment Rates Sink in March

Monthly payment rates, the amount that cardholders pay on their credit card debt, abruptly headed south in March. After hovering between 19% for most of the past twelve months and peaking in February, the MPR dropped 185 basis points in March, compared to the prior month. Among credit card-backed securities, the MPR declined to 18.61% in March after rising to 20.46% in February. However, according to FitchRatings, the gross yield increased in March to 18.50% from 18.00% in February and is up 29 bps above year-ago levels. Fitch also noted that although charge-offs and delinquencies are nearing three-year highs, U.S. credit card ABS continues to generate robust levels of excess spread.

ABS METRICS
YIELD MPR
Mar 07: 18.21% 18.76%
Apr 07: 19.23% 21.09%
May 07: 18.23% 19.58%
Jun 07: 18.94% 20.17%
Jul 07: 18.46% 20.46%
Aug 07: 19.27% 20.88%
Sep 07: 19.61% 20.99%
Oct 07: 18.83% 19.09%
Nov 07: 19.44% 20.31%
Dec 07: 19.92% 19.09%
Jan 08: 19.11% 17.64%
Feb 08: 20.46% 18.00%
Mar 08: 18.61% 18.50%
Source: FitchRatings

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