TRAVELEX VISA

The “Travelex VISA TravelMoney” prepaid card was named the category winner for “Best Consumer Card Program” at the “Paybefore Awards Gala” held during the “Prepaid Card Expo” in Las Vegas. In markets, such as the United Kingdom, product adoption has been supported by a high rate of recommendation, with 90% of users likely to recommend the product to a friend or colleague. Purchased by the majority of respondents for use on multiple trips abroad, it was the PIN and signature security of the product alongside the budgeting element of prepaid that attracted most users. The “Travelex VISA TravelMoney” card was launched in 2004 in the USA and more than 160,000 Travelex cards were purchased in 2007 totaling more than $150 million. The cards can be reloaded with cash as many times as desired and Travelex expects to issue 500,000 cards in 2008.

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Intersections Revenue Climbs 40% in Q4

Intersections reported revenue for the fourth quarter of $77.0 million, compared to $54.7 million for the year-ago quarter and $71.4 million for the prior quarter. Net income for the fourth quarter was $3.3 million, compared to $639 thousand for the quarter ended December 31, 2006, and $1.7 million for the quarter ended September 30th. Total subscribers increased to approximately 5.3 million as of December 31st, compared to approximately 4.6 million subscribers as of December 31, 2006. Subscriber additions of approximately 1.1 million in the fourth quarter of 2007 were partially offset by subscriber cancels of 797 thousand. For complete details on Intersections’ latest results visit CardData ([www.carddata.com][1]).

INTERSECTIONS REVENUE
4Q/06: $54.6 million
1Q/07: $58.2 million
2Q/07: $65.1 million
3Q/07: $71.4 million
4Q/07: $77.0 million
Source: CardData (www.carddata.com)

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

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First Data Card Services Up 10% in Q4

First Data reported a fourth quarter loss from continuing operations of $273 million but included $499 million of merger related costs. For the quarter, Commercial Services reported revenue of $1.2 billion, up 7% or 10% excluding purchase accounting adjustments. Excluding reimbursable debit network fees and purchase accounting adjustments, revenue growth was 5%. Financial Institution Services revenue was $504 million, up 4% or flat excluding reimbursables and purchase accounting adjustments. Operating profit was $62 million, down 36% or down 2% excluding purchase accounting adjustments. First Data International generated revenue of $479 million was up 27%. For complete details on First Data’s latest results visit CardData ([www.carddata.com][1])

FDC CARD SERVICES HISTORICAL
4Q/06: $453.9 million
1Q/07: $443.6 million
2Q/07: $458.7 million
3Q/07: $473.2 million
4Q/07: $498.6 million
Source: CardData (www.carddata.com)

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

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goDough Mobile Banking Picks Up Steam

Jack Henry & Associates’ “goDough” mobile banking solution has been adopted by 54 of its core banking clients. “goDough” is compatible with any mobile device and carrier and enables bank customers to conduct traditional in-branch and online transactions such as balance inquiries, funds transfers between accounts, and transaction viewing; and supports all account types, including checking, certificates-of-deposit, money markets, loans, and lines-of-credit. This proprietary solution also enables users to receive designated alerts and make mobile payments to entities other than the offering financial institution. Jack Henry Banking, a division of Jack Henry & Associates is a provider of integrated computer systems for banks ranging from de novo to mid-tier institutions and serves approximately 1,700 banks.

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ACONITE & GENIA TECHNOLOGIA

Aconite EMV/smart card software has signed processing agreements
with Genia Technologia intent on serving the Brazilian payments market.
Aconite’s “FastTrack EMV” migration solution and Gênia Tecnologia
knowledge are projected to provide seamless EMV transaction
processing while Aconite’s “Smart PrePaid” application will afford the
rapid deployment of issuing and acquiring capabilities.

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Mobile Banking Services Set to Take-Off

A new study has found that mobile phone users are increasingly comfortable making banking and purchase transactions. The Harris Interactive survey found that 16% of mobile phone subscribers already use mobile banking services, with 60% of these people using the services at least once a week. Many others presently not banking and buying on-the-go expressed interest in mobile banking, with 35% open to checking bank account balances and transferring funds via their mobile devices. A third of those surveyed also said they would like to receive text message alerts from their financial institutions. The survey also finds that on-the-go mobile purchases are on the rise. About 25 percent of mobile phone users with mobile access to the Internet now use their devices to buy goods and services online via a credit card.

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EFRESH

VendTek Systems has launched its eFresh SMS solution for the
electronic delivery of consumers’ PINs via SMS to mobile phones.
This solution was developed partly in response to statistics showing
the global popularity of mobile phones, with developed countries
accounting for 56% of all mobile users. The “eFresh SMS” integrated
solution operates on POS, ATM, PC, and Web based distribution
points allowing merchants to request a PIN by sending an SMS to
the server with instant results. VendTek provides automated
transaction system software and solutions.

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AccuPOS Food Services 2008 is Introduced

CA-based Attitude POSitive has rolled out “AccuPOS Food Services 2008” software for online ordering. AccuPOS Food Services 2008 is a full-featured food service POS software solution, ideal for both counter and full-service restaurants. It offers a rapid 2-3 keystroke sales process to help increase customer and employee satisfaction, and includes easy drag-n-drop set-up and ‘must-have’ features for the food services industry, such as touch-screen menu design, remote order printing, built-in credit card and gratuity processing, simple server checkout, comps and split checks, customized food prep instructions, customer loyalty tracking, and an online/Web orders interface. The software also includes powerful reports, including food and liquor cost, profit and loss, top selling items and bookkeeping to the accounting program such as QuickBooks, Peachtree, Simply Accounting and MAS.

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GZGT & TCAM

For the expansion of operations, Huantong Singapore Telecom (GZGT) has
signed agreements with TCAM Technology. This agreements includes the
incorporation of R&D and the 30% acquisition of TCAM in the form
3,500,000 shares and SGD200,000 cash. Providing telecommunications
related products in Singapore, TCAM Technology offers international
system integrators, service providers, meter reading, network computing
applications and exports its GSM/GPRS products to over 55 countries
worldwide. Moreover, the company is projecting a 100% increase in sales
revenue, which reached SGD1.5 million in 2H07. Guangzhou Global
Telecom, Inc.mobile phone handset and pre- paid calling card distributor
maintains cooperative relationships with China Telecom, China Mobile and
China Unicom.

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Operating Expense Climbs 23BPS in January

Operating expenses for credit card issuers rose to 5.90% in January, about eight basis points above one-year ago. However, the figure was up 23 basis points from the prior month, according to CardData ([www.carddata.com][1]). Operating expense is determined by dividing monthly gross operating expenses by the average managed card outstandings and then annualizing. Operating expense includes such items as credit processing, call center servicing, billing, collections, fraud management, and card issuance.

OPERATING EXPENSE
Aug 07: 5.99%
Sep 07: 5.88%
Oct 07: 5.90%
Nov 07: 5.97%
Dec 07: 5.77%
Jan 08: 5.90%
Source: CardData (www.carddata.com)

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

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EASIREMIT REMITTANCE SERVICE

China Unionpay and Singapore OCBC Bank have partnered to launch the
“EasiRemit” real time remittance service in China. With the implementation
of CUP cards on the OCBC Mobile Banking network, Chinese expatriates
and travelers in Singapore are afforded a convenient method of fund
transferring, can remit money to beneficiaries in China through OCBC
Mobile Banking and over 400 OCBC ATMs in cooperation with the four
CUP member banks in China. Members of these banks can also use CUP
ATMs and conduct retail transactions at the 870,000 CUP merchant
outlets on a network that reaches 26 countries worldwide.

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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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