UCBH & MINSHENG BANK

China Minsheng Bank has bought 5.4 million shares of stock in UCBH
Holdings, at $17.79 per share, for a total transaction worth $95.7 million
and the first phase of 9.9%-20% acquisition. The second phase of the
development will result in a 9.9% acquisition of UCBH at a share
premium of up to 5.0% above the average. Decisions regarding the
possibility of further acquisition will be made thereafter by Minsheng Bank,
which has a market capitalization of $27.6 billion and total assets of
$125.9 billion while UCBH had $11.80 billion in assets with the closing
of 4Q07.

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ENJOY CARD

To support its co-branded “enJoy Card”, Hang Seng Bank has deployed
Verifone Contactless Solutions. Co-branded with Jardine Matheson
retailers, the “enJoy Card” will be utilizing VISA’s “payWave” contactless
payment technology over VeriFone’s EMV-certified “QX110” contactless
reader for contactless payment solutions across a range of retail sectors.
VeriFone Holdings provides secure electronic payment solutions for retail
merchants around the world.

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Capitol CU Joins TNB’s Rewards2U Program

Austin-based Capitol Credit Union has moved its card processing to TNB Card Services to build the portfolio through TNB’s superior products, marketing, and rewards. Capitol CU wants to strengthen its rewards program through TNB’s “Rewards2U” loyalty program, along with stronger promotions than its former processor could provide and variable rate pricing. TNB’s portfolio consulting team is also working with Capitol CU to provide expert guidance on setting up the new program to achieve maximum value to the credit union and its members. Capitol CU has 15,000 members and assets of $90 million.

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MANCHESTER CITY TAP&GO

Access to the City of Manchester stadium is expected to take on a
different meaning with the introduction of the reloadable MasterCard
“Tap&Go” PayPass pilot. The recently launched pilot will be available
to 3,500 season ticket holders in the North Stand Level 2 and, in
addition to stadium access, the “Tap&Go” solutions will be accepted
for transaction purchases of under GBP10 at various in-stadium
merchants. When customers’ card devices register with merchants’
“PayPass” reader, transactions are completed requiring reduced
queuing times. The UK reflects a strong market for the “PayPass”
solution with GBP200 billion per annum of transactions less than
GBP10. Moreover, “PayPass” had 23 million devices circulating for
use at over 95,000 merchant locations with the conclusion of 4Q07.

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GERMAN NETWORK SERVICE PROVIDERS

Integri and CETECOM ICT have announced a joint collaboration
dedicated to the testing of German Network Service Providers(NSP).
This partnership allows testing of German NSPs’ data exchange and
connections to acquirers for ensured optimal functioning and the
provision of cardholders with approval/declination at the point
of purchase. Approved by the German Bank Association, Zentraler
Kreditausschuss (ZKA), CETECOM’s “GICC NSP Testing” PC-based tool
will be used to test acquiring host functionality over its host
simulator, providing over 1,000 test scenarios. The testing solution
operates over Integri’s “INQ platform” for customization and future
adaptability.

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BENCHMARK & MINT.COM

Mint.com money management solution has raised $12 million in Series B
financing, led by Benchmark Capital. Mint.com hosts an Internet-based
consumer financial management application with over 160,000 users, for
who the organization manages nearly $10 billion in transactions. Moreover,
the site provides users with free tools for budgeting, a social spending
comparison feature and support for investment accounts, including brokerage
accounts, mutual funds, IRAs and 529 plans. The product is useful for
demonstrating what the user’s money is spent on and for providing money-
saving tips. Mint.com works with over 5,000 banks, credit cards and
investment accounts on a daily basis to provide its services while
Benchmark
Capital manages over $3 billion in committed venture capital to
entrepreneurs
in need of financing.

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Decoupled Debit Cards Gather Steam

A new report suggests that about one-third of cardholders are interested in decoupled debit cards. The survey by Aite Group found that consumers interested in decoupled debit cards are “reward addicts,” going out of their way to earn rewards, participating in all types of rewards programs and frustrated by programs that are restrictive. According to the report, decoupled debit cards – cards issued by an entity other than the institution where a customer’s primary checking account resides – are a relatively new concept, but one with a large potential market.

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AIR MILES CONSUMER SURVEY

According to the latest research commissioned by AIR MILES, based
on the online surveys of 2,895 Canadians, 82% of are anxious for
warmer weather, 33% of those who have children plan to vacation in
March of 2008, 33% plan to vacation in Canada, 40% will vacation
close to home and 18% will leave the confines of Canadian borders.
Of those traveling internationally, 64% have scheduled warm-weather
destinations while 15% have chosen less temperate locations. Out of all
travelers surveyed, 81% plan to spend $1,000 or less during their time
away while 50% will pay for these activities using credit cards. Moreover,
AIR MILES reports, based on its Reward Program findings, its Collectors
redeemed reward miles for 2008 travel to a wide range of locations,
including Canadian destinations, Florida, Las Vegas, California, Phoenix,
New York, Mexico, Hawaii, Europe and the Caribbean (listed in order
of popularity).

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SWEDBANK & VASCO

Swedbank has signed contracts with VASCO Data to ensure the
information security of its 1.25 million retail customers and its
“Digipass 260″/”Digipass 300 Comfort” authentication devices. Both
“Digipass” devices provide user identification and digital signatures at the
point of sale, while the “Digipass 260” provides PIN-protectection and
the Digipass 300 provides the same for the visually impaired with its over-
sized lcd-screen and buttons. The VASCO e-signature solutions and
services provide Internet Security to nearly 6,500 companies in over 100
countries while Swedbank has 9 million retail customers, 500,000
corporate customers, more than 470 branches in Sweden, operations
in Denmark, Finland, Norway, Western Russia, Luxembourg, Ukraine,
the US, China and Japan, and assets of SEK 1,400 billion.

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MCONFIRM

Secure Identity Systems has introduced Israeli-based “mConfirm” security
technology to
the U.S. market, providing users with protection from payment card fraud.
In doing so, “mConfirm” matches the global locations of the user’s mobile
phone and payment card at the time of transaction in conjunction with the
customers existing, individual spending pattern, which is defined by the
bank.
This spending pattern is established through analysis of account
transaction
history, including merchants patronized, amounts spent, dates, times and
locations. If the locations of the two items do not match, and the spending
pattern does not match that which is typical of the consumer, the
transactions
is marked as being possibly fraudulent using a “risk score”. Using the
aforementioned information, the bank’s “risk score” for transactions is
made
on a scale of 1 to 1,000, with 1,000 representing the highest risk of a
fraudulent transaction.

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CPI Card Group Promotes Martinez

CO-based card manufacturer CPI Card Group has promoted Mary Martinez to the role of Director of Human Resources and Security for all locations. CPI’s announcement of Mary’s promotion as the company director reflects its recent acquisition of Didier Printing in Fort Wayne. Martinez has been with CPI since 1996 as Director of Human Resources & Security for Colorado and Nevada, and has been in the Human Resources field since 1987. CPI offers a single source for plastic cards from foil cards and holograms, to translucent and smart cards.

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