CREDIT-DIVORCE CORRELATION

Research conducted by VisionDebt.com suggests that married couples
who are debt-free are more likely to maintain a successful marriage than
those couples buried in debt. The 6 main mistakes resulting in this being
among the top 5 reasons marriage ends in divorce include the merging of
finances, too much personal debt prior to marriage, disagreement on
spending/saving, poor investment, unnecessary spending and not planning
well for financial emergencies. In order to prevent this, couples should
review their finances at least once a year and ensure financial protection
against unexpected lay offs, accidents and illness. VisionDebt.com claims
the ability to often reduce debt by up to 50% within 12-36 months.

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BANCA POPOLARE & HDFC BANK

BMO Harris ePurchasing has expanded its presence to Italy and India,
having partnered with Popolare di Milano and HDFC Bank, respectively.
This development allows BMO Harris to provide acceptance in these
countries with local support banks to service corporate card accounts.
Additionally, this allows customers to conduct business more efficiently
and
effectively around the world and to review spending in individual countries
and worldwide with one currency. Canadian-based BMO Harris
ePurchasing Solutions provides a single-source option for commercial card
solutions to over 87,000 companies, Banca Popolare di Milano has over
700 branches in Italy and HDFC Bank provides financial products and
services to 10 million customers across hundreds of Indian cities with
its more
than 750 branches and 1,700 ATMs in 329 towns.

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BLUE SKY CREDIT CARD

American Express Bank of Canada has introduced its no-fee travel rewards
“Blue Sky Credit Card”. Cardholders can redeem points toward travel
purchases for a range of travel purchase including airline, hotel,
cruise or car
rentals with no blackouts or restrictions. Additionally, “Blue Sky
Cardmembers”
can earn points at 1.25 points for every $1 in purchases, equating to
$8,000
in purchases translates to 10,000 “Blue Sky Points”. Morover, there are no
restrictions on points earned, which never expire, allows users to carry a
balance and provides many bonuses. AmEx Canada employs 3,700 across
Canada and is a subsidiary of American Express.

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SCL3710 USB DONGLE NFC READER

SCM Microsystems will be unveiling its new “SCL3710” USB Dongle
NFC Reader for the use of contactless applications over a mobile
platform. The “SCL3710” is set to be launched at the Annual Cards
Asia Conference in Singapore, supports NFC technology contactless
payment links on mobile phones/PDAs with computer/web applications
for secure payment, banking and other financial applications. Furthermore,
the new solution allows merchants to communicate with NFC devices to
support transactions. SCM Microsystems provides digital content/services
through its range of smart card reader technologies over multiple platforms
and is headquartered in Ismaning, Germany.

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Prepaid Transcard Green Card Launched

EFT processor Transcard has launched “Transcard Green” to further environmentally-friendly initiatives in the pre-paid marketplace. The Transcard Green program seeks to expand the mobile and electronic payroll stubs to reduce the 220,000 trees that are destroyed by the production of paper payroll stubs; work with clients to establish a car-pool gasoline incentive program for their employees using a card; add mass-transit incentive programs to the Transcard payroll card product; provide marketing resources and investment in prepaid programs that have environmental friendly components; recruit and develop programs that support green initiatives; educate employers on the environmental advantages of electronic payroll-card programs over paper-based payroll programs; invest in technologies and systems that provide reduction in carbon emissions across all of the Transcard product offerings and incubate card programs which support green initiatives Transcard offers electronic funds transfer services including direct-to-card payroll technology, electronic fuel and transaction processing, health care and gift card products and services. In 2007, Transcard processed over $1.2 billion in electronic transactions.

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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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