Barclaycard Hires Two U.S. Managers

Barclaycard U.S. has hired a new GM of partnerships and a Managing Director of Customer Care and Bank Operations. Scott Young, formerly with GE Consumer Finance, has been hired as a General Manager, Partnerships, leading the Strategic Alliances and Partner Management teams. Barclaycard also hired Tom Karinshak, formerly with AOL Time Warner, as Managing Director, Customer Care and Bank Operations. Karinshak will oversee customer satisfaction and loyalty, call center operations and working with Barclaycard US. Prior to GE, Young spent 12 years at MBNA (now Bank of America), where he held positions in marketing, business development, operations and risk and managed the Wachovia credit card partnership, one of MBNA’s largest partnership portfolios at the time. Barclaycard US currently has more than $6 billion in receivables, over 4 million accounts and over 60 co-branded partnerships.

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CyberSource Intros Intelligent Review Technology

CyberSource announced Intelligent Review Technology as part of its risk management solutions for eCommerce merchants. New features of its enterprise-class case management system push automation beyond the initial order screening process and into secondary review cycles so that online sellers can more easily accommodate growth. Also, physical device fingerprinting has been added to the management portal’s set of 150+ integrated fraud detectors. A single connection to CyberSource brings merchants to the CyberSource global fraud portal, “Decision Manager,” which begins the fraud detection process. The system can automatically apply over 150 global validation tests against the inbound orders and, per merchant-defined rules, automatically make a decision to accept, reject or mark the orders for further review.

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Intuit Completes the ECHO Acquisition

Intuit has completed its acquisition of Electronic Clearing House. The total purchase price was approximately $131 million. With the close of this transaction, ECHO’s business becomes a part of Intuit’s Payroll and Payments business segment. The integration of ECHO’s technology and operational assets is expected to help accelerate Intuit’s growth and strengthen its expanding small business ecosystem that includes the fast-growing payments segment. ECHO’s products and services will be available on a standalone basis and as part of Intuit’s small business financial services portfolio.

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Accertify and ID Insight Partner

Accertify and ID Insight announced a partnership to help Web retailers reduce fraud losses and identify transactions involving identity theft. Under the partnership, Accertify will provide ID Insight’s “AddressWatch” and “Safe2Ship” as a part of its Interceptas solution to help merchants detect cases of credit-card account takeover linked to fraudulent changes of address. Interceptas is the first integrated platform designed from the merchants’ perspective for combating card-not-present fraud, enabling the complete fraud prevention process to be managed with one comprehensive and highly flexible solution.

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Wright Express Completes Pacific Pride Deal

ME-based Wright Express has completed the acquisition of certain assets of privately held Pacific Pride Services for approximately $32 million. Pacific Pride’s franchise network encompasses more than 330 independent fuel franchisees who issue their own Pacific Pride commercial fueling cards to fleet customers. These cards provide access to fuel at more than 1,000 Pacific Pride and strategic partner locations in the U.S. and Canada. The Pacific Pride network of franchisee fueling sites processes approximately 32 million fleet card transactions annually and generates approximately 80% of its revenue from transaction fees.

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NETSPEND & PROCESA

The NetSpend Corporation has signed collaborative agreements with
Procesa International to provide its customers with a secure payments
solution and mobile minutes overseas. The payment solution allows
users to pay bills of various kinds and add minutes to cell phones of
loved ones living in South, Central and Latin America thanks, in part, to
relations with Procesa-Mexico. Procesa-Mexico bill payments processor
processes over 12 million transactions on a monthly basis providing
direct, cross-border top-up and prepaid services for Latin American
consumers while the NetSpend Corporation provides prepaid debit
cards for the under-banked.

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PAY88 PERFORMANCE

Pay88 prepaid digital cards has released 4Q07 results, demonstrating
revenues of nearly USD$4.25 Million, a figure nearly 300% higher than
that of 3Q07. These findings are reflective of a positive consumer
response to the Organization’s expansion across various markets
combined with new product offerings. Pay88 provides prepaid cards
and products through distribution networks/Internet and is hopeful for
the expansion of its prepaid online multiplayer game card distribution in
20 new cities across China.

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BEST CORPORATE CARDS & EXPENSE PROVIDER

MasterCard Worldwide has been named the “Best Corporate Cards and
Expense Services Provider” by Global Finance magazine. This distinction
was given largely thanks to the Organization’s provision of optimizing,
integral
commercial payments and services around the world. Moreover, because
MasterCard provides business-to-business payment and end- to-end
payment solutions across the industry for various sectors, analysts,
executives
and experts in these arenas lent their input on the matter. Ultimately,
however,
MasterCard was selected for the award based on its profitability, market
share, reach, customer service, competition and innovation. Global Finance
Magazine has nearly 50,000 subscribers and more than 254,000 readers in
158 countries, mostly consisting of portfolio investors and industry
executives.

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NETSPEND & PROCESA

The NetSpend Corporation has signed collaborative agreements with
Procesa International to provide its customers with a secure payments
solution and mobile minutes overseas. The payment solution allows
users to pay bills of various kinds and add minutes to cell phones of
loved ones living in South, Central and Latin America thanks, in part, to
relations with Procesa-Mexico. Procesa-Mexico bill payments processor
processes over 12 million transactions on a monthly basis providing
direct, cross-border top-up and prepaid services for Latin American
consumers while the NetSpend Corporation provides prepaid debit
cards for the under-banked.

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SafeNet to Acquire Ingrian Networks

MD-based SafeNet has signed a definitive agreement to acquire Ingrian Networks. Ingrian Networks will change to the SafeNet name and most product brand names will remain. The Ingrian solutions will be combined with SafeNet’s DARP product to form the Enterprise Data Protection product line, part of the SafeNet’s Commercial Security Division under the direction of CSD SVP and GM, Prakash Panjwani. Sales, sales engineering, customer service and technical support will be under the direction of Phil Saunders, SafeNet’s SVP of Worldwide Sales and Customer Services. In 2007, SafeNet was acquired by Vector Capital, a $2 billion private equity firm specializing in the technology sector.

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