BEIJING TRANSIT CARD

Vesta Corporation’s KPay will be processing retail payment services for the
“Beijing Transit Card” at Wu Mart, which generates annual revenues of over
USD $3billion through its more than 400 outlets. The “Beijing transit card”
stored value device uses contactless IC technology for fare payment through
its 15 million currently deployed transit cards. The partnership between
the two
organizations is fundamental to the expansion of the KPay acceptance
network,
which is projected to install and support over 500 Wu Mart POS terminals.
KPay has partnered with the Beijing city government to issue these cards
for
commuters across Beijing while the Oregon-based Vesta Corporation provides
electronic payment solutions to organizations across the world.

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Downey Savings Renews with Pendum

ATM maintenance provider Pendum has extending its agreement with Downey Savings to continue to provide ATM maintenance services. This extension to the agreement will provide first line and second line maintenance service for 205 Downey Savings ATMs in California and Arizona. Pendum is the nation’s largest independent provider of cash automation solutions, including sales and service of ATMs, kiosks, cash dispensers and recyclers, and armored cash transport.

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RSA DIGITAL TRUST BAROMETER

According to a survey of 1,000 U.S. adults conducted by TNS Sofres
“Digital Trust Barometer”, on behalf of Gemalto for recent RSA
Conference, 57% of Americans are not comfortable banking online while
another 38% do not trust online payments. Overall, the “Digital Trust
Barometer” revealed only 22% of Americans are comfortable with any
digital technology, 74% being concerned with identity theft and 44%
afraid of online bank account hijacking, 21% of whom already having
experienced bank data theft. Additional findings show 40% of respondents
would be more likely to conduct online transactions if security was
reinforced, 49 % would visit new merchant websites, 87% are more
comfortable with well known websites and 44% are concerned with security
when conducting online credit card transactions. Gemalto digital security
had 2007 annual revenues of over EUR 1.6 billion and has more than 85
offices in 40 countries with 10,000 employees.

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U.S. Online Retail Sales to Grow by 17% in 2008

AZ-based Shop.org/Forrester research projects online retail sales to grow by 17% to $204 billion for 2008, despite economic conditions. According to 125 different retailers, online sales for apparel is expected to reach $26.6 billion, computer sales will reach around $23.9 billion and auto sales are expected to reach $19.3 billion, the three categories to net the most revenue for the year. Given these findings, retailers are expected to allocate 53% of marketing budgets to online customer acquisition while 21% of the budget will fund online customer retention. Additionally, 65% of online retailers intend to focus fund allocation to social network advertisements and 55% of retailers will increase focus on widget advertising. Shop.org is digital membership retail community with 700 members while Forrester Research, Inc. is an independent technology and market research company.

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CardWorks to Power HumanaAdvance VISA

CardWorks Servicing and E-duction have partnered to service the new HumanaAdvance VISA card. The HumanaAdvance Visa Card is an interest free credit card that allows consumers to charge medical co-pays, deductibles and other health-related expenses that are not covered by insurance. HumanaAdvance card users have a fixed 0% APR on all purchases. The card can be used only at hospitals, doctor and dentist offices, drug stores and other locations that provide health related products and services. Payments are automatically deducted from employee paychecks over a six month period. Humana is one of the nation’s largest publicly traded health benefits companies. E-Duction offers general-purpose and healthcare-specific credit solutions that help employers save money and attract, motivate and retain talent and that help employees better manage healthcare and other everyday expenses.

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CrossCheck and RBS Lynk Re-Team

CA-based check guarantor CrossCheck and RBS Lynk have renewed their partnership to continue to provide check guarantee and conversion services to RBS Lynk merchants. RBS Lynk is a single-source provider of electronic payment processing services that credit, debit, EBT, checks, gift cards, e-commerce, customer loyalty cards, fleet cards, prepaid cards, ATM processing and cash management services. CrossCheck processes and approves billions of dollars worth of check transactions annually for retail and dealer outlets throughout the U.S.

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U.S. Bank to Supply GSA SmartPay2 P-Cards

U.S. Bank announced it will supply The US Air Force and Defense Agencies with purchasing cards under the “GSA SmartPay2” program. Under the “GSA SmartPay2” master contract, government agencies issue task order awards to qualified “GSA SmartPay2” issuers. U.S. Bank has served federal agencies since the inception of the purchase card program in 1986. Earlier this year, U.S. Bank earned the purchasing card business for the Department of Transportation. The USAF and DA combined consist of 27 agencies with an estimated annual charge volume of $2.2 billion.

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Hypercom’s SmartPayments Server Earns Certification

Hypercom’s “SmartPayments Server” software has become the first electronic payment processing solution to earn “Windows Server 2008” software certification. Last June, it became the first payment processing software product to earn the “Certified for Windows Vista” designation from Microsoft. “SmartPayments Server” is an electronic payment processing solution for PC-based point-of-sale systems and enterprises seeking to integrate payments into their accounting and back office operations. “SPS” can run as a low end in-store controller, at corporate headquarters or in a datacenter as a payment gateway. “SPS” has a built-in web browser based virtual terminal for end user and merchant management console for retailers, ISOs and resellers.

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Triton Promotes an Engineering Manager

DE-based ATM manufacturer Triton Systems has promoted Scott Hoelzel to Manager, Mechanical and Manufacturing Engineering. Hoelzel leads the manufacturing engineering group and is responsible for managing the development of new products. The Manufacturing Engineering Group is responsible for laying out production lines, creating line testing methodology and creating test-bed hardware, creating work instructions, troubleshooting issues on the production line and doing design changes to resolve issues. Prior to joining Triton in 1997, he worked for seven years at Boeing on the Space Station and military programs.

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JAN DEBT

Credit card debt seasonally slipped in January to A$42.3 billion. However, credit card volume rose 12% year-on-year to A$17.1 billion after hitting a record in December of A$19.2 billion. Year-on-year credit card debt has increased 13%, compared to January 2007. Credit card limits also reached a new high at A$115.3 billion, marking the 17th consecutive month of A$100+ billion. According to the Reserve Bank of Australia there are currently 14.0 million credit card and charge card accounts in Australia, compared to 13.3 million one-year ago.

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