DONGA BANK CARD NETWORK

The GP Bank and the Commonwealth Bank of Australia have both
recently joined the DongA Bank “Vietnam Bank-Card Network”,
affording customers access to a network of more than 900 ATMs and
1,500 POS. In addition to this development, DongA Bank has recently
signed agreements with EuroNet Worldwide, signed agreements with
Microsoft, is in the process of establishing Internet banking and
establishing
mobile-phone card services. Fund transfers over the network, however,
cannot exceed VND500 million (US$32,000).

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Arthur Blank & INSIDE Contactless Team

Arthur Blank and INSIDE Contactless have partnered for the deployment of the “L4 2.5G MicroPass” platform, resulting in a peripheral partnership with American Banknote. This will provide the “MicroPass L4 2.5G” for the Arthur Blank , certified by VISA and MasterCard, and subsequent credentials for the contactless bank card platform. INSIDE’s partnership with American Banknote aims to design a global solution for contactless cards using the “MicroPass” contactless payment technology, according to experts. Arthur Blank & Co is capable of producing 1.4 billion cards per year while American Banknote Corporation provides secure documents, services and systems through various product avenues such as as secure plastic cards, phone cards and paper certificates, among others. INSIDE Contactless NFC has been granted over 55 patents and has shipped over 35 million “MicroPass intelligent payment platforms” between 2005 and 2007 while MicroPass is a contactless chip platform designed to meet multi-payment brand and multi-application requirements.

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PayPal Inks A Deal to Acquire Fraud Sciences

eBay’s PayPal has signed a deal to acquire the Israeli firm Fraud Sciences for about $165 million. Fraud Sciences is a specialist in online risk tools. The acquisition is expected to enhance eBay and PayPal’s proprietary fraud management systems and accelerate the development of next generation fraud detection tools. Key personnel from Fraud Sciences, including Yossi Barak, Fraud Sciences’ COO, and founders Shvat Shaked and Saar Wilf, will join the company’s technology and fraud management teams. Gadi Maier, Fraud Sciences’ President and CEO, will provide strategic and operational support to the company during the integration period.

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EU & SEPA

In light of the approaching SEPA launch, the European Union
finance ministers have urged banking industry representatives to be
prepared and to “redouble” efforts with the recent minister meeting
in Belgium. With the new SEPA platform, which will reflect no
difference between payment transactions nationally or across borders
in the euro area, the ministers are urging bank solutions to spur
momentum, apply rapid migration to minimize processing costs and
for public authorities to do the same.

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PAYMENTS BPO FORECAST

NelsonHall BPO Analysis has published its ” German Payments BPO
Industry Assessment and Forecast”, a study on payment processing
outsourcing in Germany. The research organization found that
organizations are outsourcing processing services for cost reduction
and to tap emerging technology, including e-invoicing, mobile payments,
and innovative card services, to subsequently generate additional revenue.
Additional highlights of the publication show that 53% of the German
payments processing market is made up of captive organizations, the sale
of which to outsource vendors will lead to BPO market growth, vendors
must meet SEPA compliance to achieve long-term profitability, payment
processing growth is mostly seen in merchants with accelerated card
payment volumes and experts estimate a 14% annual growth in the German
payments BPO market for a worth of EUR1.6Billion by 2012.

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ATRADIUS GROUP

Atradius and Credito y Caucion have completed the combination of
business operations under the “Atradius Group” name.
Under this collaboration, the organizations will be providing customers
in 40 countries around the world with credit insurance, surety / bonding,
collections and credit information. The combination will provide for
operations under the single brand, however, Atradius global credit
insurance and Credito y Caucion will maintain local brand names in the
name of recognition. Atradius has nearly $1.9 billion in revenue, a 24%
share of the credit insurance market, insures almost $588 billion of world
trade per annum and employs 3,500 in 40 countries while Credito y
Caucion has 60% of the Spanish market-share and has recently expanded
into Brazil. With the introduction of the “Atradius Group” collaboration,
designed to provide credit insurance, surety and collections in 40
countries,
the organization reflects total revenues of nearly $2.6 billion with a 31%
global market-share, insures $683 billion of world trade and has 160
offices serving 52 million companies.

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AMEX & BARCELO

American Express and Barceló Business Travel have made
agreements to launch a joint venture to provide business travel
products and services for consumers in Spain. The joint venture will
benefit from the American Express product knowledge and expansive
network, combined with Barcelo Business Travel’s local expertise, to
provide a thorough credit card with specialized service and efficient
travel benefits to over 400 corporate customers. Additionally, the
collaboration will fuse over 450 currently employed in the company’s
offices across the country. American Express Business Travel
provides booking technology, travel management consulting
expertise and supplier negotiation support for consumers with over
2,200 service locations in over 140 countries, posting total sales of
US$21.8 billion in global travel sales for 2006. Barceló Business
manages over 150 hotels in 14 countries and serves more than 2 million
clients per annum.

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Targeting the Best Transactors is Crucial

A new survey has found that cardholders who report that they always pay their credit card balances in full each month, are 33% more likely than people in the general population to be highly deliberate. Also, these so-called “Transactors” tend to be far less modest than the rest of the population at large. Using Nielsen’s Online panel, NY-based Mindset Media has come up profiles of two “Transactor” groups. “Deliberation 5’s” are those that like to take time to consider decisions, and fear the downside of bad decisions, while “Modesty 1’s” are people who believe themselves to be exceptional, often at the risk of being considered arrogant. Mindset Media says that card issuers delivering their brand’s advertising messages to audiences with a high composition of “Deliberation 5’s” have the potential to see lower delinquency rates down the line.

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MONEYHOME CARD

Standard Chartered Bank has launched its “MoneyHome” Card
remittance program to facilitate money transfers to Indonesia via the
banks’ retail partners. When the remittance has been sent, the
recipient will likewise be allowed to receive funds at a participating
retailer locations. So far, 20 retailers have been selected by the
bank as points of remittance, with others currently being considered
as a means of avoiding the need to actually have to go to a bank. Even
greater expansion is being considered over the next 6 months to 1
year period. For initial account activation, the consumer need only present
identification at the registration booth and will be issued a “MoneyHome
Card” free of charge, which is being issued in response to recent
statistics showing US$1 billion in annual transfers from Malaysia to
Indonesia.

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MICROREAD AWARD

INSIDE Contactless has announced its finalist status in the “2008 Mobile
Innovation Global Awards”, selected for its “MicroRead” NFC offering.
The “Mobile Innovation Global Awards” will award 1 finalist from each of
the 5 categories, 1 overall winner and, given INSIDE’s victory, will
demonstrate
the potential of NFC in confirming the evolution of the user-environment
dynamic. INSIDE has over 55 patents, has been designing contactless chip
solutions for 12 years, has delivered over 35 million “MicroPass” platforms
between 2005 and 2007 for nearly 20 leading bank card issuers and has
more than 25 key partners around the world.

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VISA PAYWAVE TRIAL

TD Canada announced it will be implementing the “VISA payWave”
contactless payment feature for its “TD VISA” chip card trial underway
in Kitchener-Waterloo. In conjunction with this development, TD has also
announced the installation of over 300 additional VISA “payWave” secure
contactless readers at merchant locations across the trial area during
the coming months. Select “TD VISA” cardholders in the
Kitchener-Waterloo area will receive their new dual interface chip and
“VISA payWave”-enabled card beginning in April. TD Canada Trust is the
only financial institution in Canada to offer both “VISA
payWave”-enabled products and point-of-sale acceptance.

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