YUCHENG EXEC

In conjunction with the Company’s recent influx of POS terminal deployment
from 20,000 to 25,000, Yucheng Technologies Ltd has appointed Remington
Hu as its new CEO. Aside from the decision to deploy a greater number of
POS terminals, which were at 8,900 at the end of 2007, the Yucheng board
has elected to appoint Hu based on his previous experience and education.
Included in his experience, Remington was a venture capitalist Chief
Representative/PRC for CVM Capital Partners LLC and was the CFO of the
Wholesale and Retail Business Group for Yue Yuen Industrial Holdings
Limited. Remington’s advanced education includes an MBA degree in Finance
from the Wharton School of Business, University of Pennsylvania, and a BS
degree in Computer Science and Information Engineering from National Chiao
Tung University in Taiwan. Yucheng Technologies Limited (YTEC) has over
1,700 employees, serving banking clients nationwide through its offices
in 11
different cities.

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AmEx and AAA Sign an Exclusive Agreement

AAA has agreed to exclusively endorse American Express Travelers Cheques, which are now available at participating AAA and Canadian Automobile Association offices in the United States and Canada. American Express recommends travelers carry Travelers Cheques as part of a diversified “travel wallet” that includes local currency, credit and charge cards, and a prepaid travel money product. In addition to travelers checks, participating AAA clubs offices also will offer American Express Gift Cards.

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CHECK FRAUD

With check use fast-diminishing, from 1.8 billion in 1997 to 890 million
in 2007, merchants and retailers may become more negligent to ensuring
against check fraud. Moreover, C&CCC research shows that over 50%
of UK account holders are concerned with receiving checks and nearly
25% don’t like to write checks citing the risk of fraud. Given this
information, The Cheque and Credit Clearing Company (C&CCC) and
APACS have teamed to provide consumers with advice on how to protect
their accounts from check fraud through the provision of an advice guide.
The guide provides consumers with such advice as correctly dating a
check, drawing lines through unused space and to avoid accepting checks
from strangers.

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GCA Pulls the Plug on the Arriva Card

Launched in May 2006, Global Cash Access is pulling the plug on its private label credit card for the gaming environment. As part of its strategy of focusing on its core electronic payments business, GCA will discontinue offering the “Arriva Card.” The card offered credit limits up to $50,000 via GCA ATMs. The Company says it is currently studying a range of strategic options for the “Arriva Card” portfolio. GCA noted that even though it believes it has effective credit quality safeguards in place, it is the Company’s view that, in this environment, no consumer credit product will be immune to losses. GCA’s core electronic payments business involves supplying approximately 1,000 casinos and other gaming properties worldwide. (CF Library 5/8/06)

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JET AIRWAYS, TATA & SBI CARDS

Jet Airways’ “JetPrivilege” flyer program has signed agreements for the
conversion of points-to-airmiles with Tata and SBI cards. With these
agreements, both Tata and SBI credit cardholders, who are “JetPrivilege”
members as well, can convert card points to JPMiles, with their “Empower”
and “Platinum Card”, “SBI Gold Card” and “SBI International/Domestic”
cards, respectively. This development is part of a recent Jet Airways
initiative to provide members with a more extensive list of opportunities
for earning “JPMiles”. With this airmiles program, travelers can redeem
points for free flights to destinations around the world.

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KOGNITO WX2

The Loyalty Management Group (LMG) has deployed Kognito’s “WX2”
analytical Relational Database Management System (RDBMS), which will
provide customer data analytics and insight. Moreover, the Kognito
solution will provide users with insight on customer purchasing patterns
for the subsequent development of promotions for specific consumer
groups. LMG, specifically, will be able to provide its largest client with
analytical dashboards for the analysis of data and is reportedly using the
RDBMS as a virtual data warehouse for distributed virtual appliances,
5TB for analytics, 2TB for testing and 1TB for business data
continuity/disaster. LMG develops, owns and manages retail-based customer
reward programs and employs nearly 250.

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YUCHENG & CCB GUANGDONG

Yucheng Technologies Limited has signed agreements to provide China
Construction Bank in Guangdong province (“CCB Guangdong”) with
outsourced Point of Sale (POS) merchant acquiring services. The outsourced
services include merchant acquisition, deployment of POS terminals,
installation,
maintenance, transaction reporting, training and technical support, and are
accepting of all major Chinese and foreign credit cards. Moreover, under the
agreements, Yucheng will pay for and maintain the terminals while the
subsequent transaction fees are to be shared with CCB Guangdong.
China Construction Bank has 13,629 branch outlets across the country, 1,080
of which are located in Guangdong province, had 2006 assets of US$698
billion, has issued over 12.6 million credit cards in China and has
issued over
220 million debit cards across the country while Yucheng Technologies
Limited provides outsourcing services throughout the industry and employs
over 1,700.

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Moneris Powers Helpforcharities.com

Moneris Solutions has joined with Helpforcharities.com to implement its “eSELECTplus” payment tool to facilitate online donations. Under this agreement, the Helpforcharities.com program will use Moneris’ “eSELECTplus” which allows an organization to conduct transactions quickly and easily on the Web by processing credit cards, debit cards, or ACH transactions without installing any special software. The Helpforcharities.com program provides a suite of services for online fundraising, including peer-to-peer networking tools, gift catalogs and e-card sales. The services are designed for charities, non-profits, universities, government agencies and political organizations and is PCI DSS compliant.

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DATACARD MILESTONE

Datacard Group recently shipped its 10,000th “150i” card
personalization system, a desktop instant issuance system that embosses
preprinted ATM, debit and credit cards in minutes. The “150i” system offers a variety of personalization features including a
new smart card coupler option that enables financial card issuers to
offer ready-to-use contact or contactless payment cards. These popular
and convenient cards give consumers immediate purchasing power.
Additional upgrades to the “150i” system include an improved embossing
module that increases reliability and an enhanced card path that
streamlines production.

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ISO9001:2000

Verifone Holdings has been granted “ISO9001:2000 Certification” for its
EFTPOS post delivery solutions across the EMEA following a recent
Surveillance Audit by Lloyds Register Quality Assurance. This comes in
the wake of VeriFone’s acquisition of “PAYware” and “Secura” product
lines and the subsequent introduction of policy
integration/standardization.
These development collectively reflect the Organization’s ability to
provide
uniform standards of service across all of its operations, including
hardware
and managed services.

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VAT & SDOL

Irish Tax Authority has certified MasterCard Worldwide to provide its
Value Added Tax (VAT) with “Smart Data OnLine (SDOL)” invoice
reporting, allowing organizations to streamline the process. Purchases
made with a MasterCard afford the respective company access to VAT
information data via tax authorities using Smart Data reporting solutions.
Moreover, this agreement enables MasterCard issuing banks to increase
efficiency with no longer having to exchange individual paper files or forms
with customers. MasterCard Smart Data reporting solutions serve nearly
140,000 customers worldwide and has received VAT certification of its
Purchasing Card product in nine European countries.

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Hypercom Introduces the Optimum M4200

Hypercom rolled-out the new “Optimum M4200” series of mobile electronic payment terminals. The “M4200” mobile series will be available with or without an integrated smart card reader for global deployments, with a choice of long-range GPRS with dial backup or Bluetooth wireless with dial or Ethernet connectivity. The rechargeable battery supports more than 200 transactions per charge even while printing receipts. The line offers the same rapid 32-bit multi-application processing, compact form factor and memory size as Hypercom’s recently released “Optimum T4200” countertop platform. The series also features the latest security standards approvals, including PCI PED, EMV Level 1 & 2 and MasterCard’s PTSP. The M4200 family shares the same application development toolkit and user interface as the T4200, enabling business applications written for one platform to be quickly repurposed for the other for fast deployment.

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