MEDIA APPLICATION SERVER

Millenicom prepaid phone solution provider will now provide its services
using the DIGITALK “Media Application Server” (MAS) platform. With
this development, the multi-service platform will afford the German prepaid
company value added, IP-based features and applications, such as a web-
based virtual calling card and VoIP service. DIGITALK currently has over
1200 service platforms worldwide, over 400 client customers and offices
around the world while Millenicom Turkey, subsidiary of European
Telecommunication Holding AG, provides service at over 17 POP locations
in 13different cities, has a total transmission capacity of nearly 70
million
minutes per month and was established toward the end of 2007.

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NEOWAVE & ASK

Neowave and ASK have signed distribution agreements for the distribution
of contactless “Smart Objects” for the mass transit market. The agreements
stipulate that ASK will distribute the Weneo range of “Neowave Smart
Objects” to provide portable, secure devices to provide connectivity to
PC and Web platforms. Moreover, in the mass transit market, the
contactless devices will provide on-line token reloading, on-line profile,
direct access to operators websites and secure data mass storage. ASK
provides 100 million contactless products to customers around the world
while Neowave software provides Smart Objects, with direct web and
PC connectivity, in a range of industries.

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SECURED FINANCIAL & BLUE BAMBOO

Secured Financial Network and Blue Bamboo USA have partnered for
the launch of Blue Bamboo’s wireless “H-50 terminal” and the “P-25M
Bluetooth” printer. Using SFN’s RedFin Payment Gateway, the new
components allow transactions processing through Blackberry wireless
devices with various carriers. Secured Financial Network provides
processing for e-commerce and traditional transactions and has plans to
eventually introduce a mobile ATM solution while Blue Bamboo designs
upgrade products for POS terminals.

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CASHBOX & TRITON

Cashbox ATM and Triton have signed distributor agreements, affording
Cashbox access to more machines. Furthermore, with this development,
Cashbox will now meet installation pipeline demands, will act as Triton’s
UK distributor that can more efficiently support newly acquired ATM
processing contracts and will have access to full Triton technical support,
technical and sales training. Because the two companies have preexisting
agreements, no development costs will be incurred.

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Fair Issac Intros Credit Scores to India

Fair Isaac Co and High Mark Credit Information Services of India have partnered to provide Indian lenders with the Fair Isaac “FICO” credit risk scoring. The “FICO Score” solution provides credit markets with a reporting system, credit risk scoring technology to rank- order consumers based on credit risk and provides lenders with a tool to meet Basel II regulatory compliance requirements. The alliance with the credit bureau partner is in addition to recently signed agreements with Information Group in Singapore and with Korea Credit Bureau in the Republic of Korea. The High Mark technology platform helps financial institutions in the Indian Market make better credit decisions while Fair Isaac Corporation applies advice, analytics and applications to help businesses around the world make credit decisions.

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AmEx Launches AIR MILES in Canada

Amex Bank of Canada and the “AIR MILES Reward Program” have launched the “AmEx AIR MILES Platinum” card. Under the new program, MILES” reward mile for every $10 in purchases charged to the card, plus, they can earn one “AIR MILES” reward mile for every $15 in purchases charged to the card everywhere else. The annual fee for the new card is $50. New cardholders will receive 250 bonus reward miles the first time they use the card. Existing “American Express AIR MILES” cardholders can choose to upgrade to the “Platinum” card for a 250 reward miles reward. The new “AmEx AIR MILES Platinum” card will be supported with an extensive national marketing campaign, including television and print advertisements, direct mail and online media.

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Ingenico Makes a Solid Move on Hypercom

Ingenico has offered to buy Hypercom for $332 million and it looks like a deal could be forthcoming. The Ingenico proposal reflects a premium of 52% over the current share price, as well as a 83% premium over Hypercom’s current enterprise value. Last week Ingenico said Hypercom has been uncooperative with regards to a reasonable path forward. However, Hypercom says its Board has always considered any and all credible offers for our Company, both to maximize shareholder value and as part of its fiduciary responsibility. Accordingly, Hypercom have opened discussions with Ingenico to more fully determine their ability to promptly make a credible, firm and fully financed offer, with certainty of closing, as well as to determine the complete terms of their proposal. The Company intends to conduct these discussions outside of the public arena, arrive at an informed conclusion, and announce a conclusion as expeditiously as possible.

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CEE CREDIT CONSUMER RECEPTION

According to a recent Office of Fair Trading (OFT) report, consumers are
not given suitable resources with which to make informed decisions when
comparing credit cards and features. In response, the organization is
recommending the Financial Services Authority (FSA) launches an
independent credit card price comparison website, the standardization of
terminology used in credit card product literature and improvements made
to consumer education regarding benefits of shopping around for a card.
The OFT, however, does not place blame entirely on the lack of resources,
rather, holds that the ultimate decision is in the hands of the
consumers and it
is up them to conduct some research of their own. Supporting this, figures
show that 68% of card holders did not shop around before selecting their
current card. Furthermore, the APACS organization, with an interest in how
consumers spend cash, use payment cards and other means of transactions,
is offering its full support to the OFT proposal in the hopes it will
convince
consumers to make more informed decisions. Additionally, APACS will
be working with the OFT and FSA to ensure these recommendations come
to fruition.

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Consumer Confidence Hits an 18-Month Low

Consumer confidence has hit new lows after tumbling to an 18-month low in December. In fact, consumer sentiment as measured by the latest “RBC CASH” (Consumer Attitudes and Spending by Household) Index has dropped to the lowest levels since the “CASH Index” was created six years ago. The overall “RBC CASH Index,” released by RBC, stands at 48.5 for February 2008, almost eight points below January’s 56.3 level. The “RBC Current Conditions Index” plunged more than 15 points in February, down to 63.6, compared to 78.9 in January. Attitudes toward the current state of the economy remained statistically unchanged, with 35% of consumers rating the local economy as weak, compared to 32% rating it weak in January. Most of February’s steep decline is due to a significant weakening in people’s evaluations of their own finances and reduced confidence in making household purchases. Currently, one in three American consumers (31%) rate their personal finances as weak (up from 27% in January).

RBC INDEX HISTORICAL
Nov 06: 92.4
Dec 06: 86.9
Jan 07: 95.3
Feb 07: 103.0
Mar 07: 92.3
Apr 07: 85.4
May 07: 87.1
Jun 07: 81.4
Jul 07: 76.1
Aug 07: 89.3
Sep 07: 71.1
Oct 07: 80.6
Nov 07: 56.3
Dec 07: 48.5
Source: RBC Financial Group

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CALYPSO & INTERAC

Calypso ATM Processor has been invited to join the Interac Association
Board of Directors allowing Calypso GM Doug Epp to serve among
the 14 other board members effective February 19,2008. The Interac
Association was established in 1984 as a non-profit organization to
develop a national network of electronic financial services, which includes
the Interac “Direct Payment” debit card service and Interac “Shared Cash
Dispensing.” Calypso ATM transaction processing, reporting and settlement
services was established in 1999 and has operations across Canada and
in the UK.

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