ALIPAY NORTH AMERICA

The country’s largest online payment service with 56 million users is being expanded to facilitate consumer purchases directly from U.S. retailers. Hangzhou-based Alipay, with a market share of over 54% among Mainland Chinese, is teaming with New York-based Philliou
Selwanes Partners to promote its third-party online payment platform to North American merchants. Alipay is growing at a rate of more than 80,000 new registered users each day. The Company’s average daily transaction volume exceeds US$23 million handling an average of nearly 1.2 million each day. According to Research International the two kinds of U.S. products that attract the most purchase interest from the Chinese are cultural-related products and high-tech ones â“ that is, books/music/video and consumer electronics. Specifically, laptops, video/digital recording systems, VCD/DVDs and CDs have great market potential in China. Research International found that Beijing and Shanghai favor imported books/music/videos the most; Shanghai consumers have the greatest interest in consumer electronics and apparel/fashion accessories among 6 cities; and home appliances are more attractive in Guangzhou than in other cities.

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GERMANWINGS & GUESTLOGIX

Germanwings “no-frills” airline has signed agreements to make available
the GuestLogix “Mobile Virtual Store” to its in-flight passengers.
Existing comparable airlines with similar retail solutions include
Ryanair, easyJet, TUIfly and SkyEurope. These airline have generated
USD$593 million from non-ticked sales, a good indication that the
Germanwings-GuestLogix partnership will maximize the airline’s revenue and
profitability. The GuestLogix Mobile Virtual Store, along with LSG Sky
Chefs services, are available on 450 million passenger trips annually and
allow for purchases of in-flight entertainment, food and beverage,
merchandising, duty-free sales, business communications systems and
destination-based services.

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PRECISE 250 MC

Precise Biometric partner, Zetes Burotica, will be distributing and
integrating the hardware for the ID verification provider’s 1,400 “Precise
250 MC” units. The “Precise 250 MC” is a biometric identity solution that
doubles as a fingerprint and smartcard reader to the “Portuguese ID card”.
This “ID Card” provides citizens with a multi-function solution that can
be used as a health care card, voter card, tax payer card, social security
card and typical ID card for which full deployment is expected by 2008.
Precise Biometrics is in the process of implementing similar projects in
Asia and the Middle East while Zetes Burotica, aside from being the
organizations partner, supplies various components and services for the
national ID card program.

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BLUE BAMBOO H50

Blue Bamboo “H50 Payment Terminal” has been MasterCard PTS certified, the
first of Java-based devices with such merit, to ensure the provision of
Internet Protocol-enabled (IP) security. Based on security evaluations and
research, the PTS certification verifies that the Blue Bamboo handheld
terminal protects cardholder data, confidentiality, integrity and
communication privacy. Furthermore, the “H50” supports GPRS, Bluetooth,
and
dial-up connectivity over a multi-application platform for various types
payment cards. The device has been designed to provide merchants with an
affordable payment solution and, in addition to Mastercard PTS
certification, is PCI-PED, EMV Level 1 and EMV Level 2 certified.

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OSCARDS AWARD

The UNIPAY “MaatCard” contactless bankcard, which implements acoustic
technology developed by nCryptone, has been awarded by OSCARDS in
recognition of “Best International Technology”. For the award, the
“MaatCard” beat-out 400 other nominees and is among 40 other award-winning
solutions in the loyalty, services, prepaid, visual and technologies
categories. This recognition was determined by a 5-member jury with
representatives from the VISA, Banesto, Citibank, MasterCard, Credit
Agricole, Arkea and Affinion. Among the highlights of the “MaatCard” is
the paper-thin, ultra-flexible Flexion batteries which support its
multi-application, multi-component, multi-channel solution. The nCryptone
Server provides a software suite of authentication, management marketed
under ASP mode, while UNIPAY’S Universal Payment System & Solutions is a
provider of payment services, namely for secure telephone transactions.

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TRANSACTION GROWTH

For the 2007 holiday season, the BMO Bank of Montreal is projecting a
significant growth in its volume of processed credit and debit card
transactions. Projections for the month of December foresee BMO
processing nearly 50 million card transactions, the heaviest day with
nearly
4 million. The day of December 24th is expected to be at the height of this
transaction rush with predictions of over 100 card purchases per second.
Specifically, these figures project 26 million debit card transactions and
28 million credit card transactions, an 11% increase and an 18% increase
on the monthly average, respectively.

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MC VS EU

The European Commission has decided to force drastic reductions on MasterCard Europe’s default cross-border interchange fees.
MasterCard Europe says it will comply but will also appeal to the European Court of First Instance. The Commission’s Order
requires MasterCard Europe to repeal “Intra-EEA” fallback interchange fees, as well as “SEPA/Intra-Eurozone” interchange fees within six months. The Order applies only to “interchange fees for
MasterCard branded consumer credit and charge cards and for MasterCard or Maestro branded debit cards”. MasterCard Europe said its appeal is based on its firm conviction that market forces, not regulation, should drive key decisions such as the setting of interchange fees and retailers’ choices over which forms of payment to accept. MasterCard cites the experience in Australia, the only other jurisdiction in the world to regulate interchange fees, where consumers have ended up paying more for credit cards and receiving fewer benefits and less choice.

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EU Forces Changes on MasterCard Europe Fees

The European Commission decided today to force drastic reductions on MasterCard Europe’s default cross-border interchange fees. MasterCard Europe says it will comply but will also appeal to the European Court of First Instance. The Commission’s Order requires MasterCard Europe to repeal “Intra-EEA” fallback interchange fees, as well as “SEPA/Intra-Eurozone” interchange fees within six months. The Order applies only to “interchange fees for MasterCard branded consumer credit and charge cards and for MasterCard or Maestro branded debit cards. MasterCard Europe said its appeal is based on its firm conviction that market forces, not regulation, should drive key decisions such as the setting of interchange fees and retailers’ choices over which forms of payment to accept. MasterCard cites the experience in Australia, the only other jurisdiction in the world to regulate interchange fees, where consumers have ended up paying more for credit cards and receiving fewer benefits and less choice. For more details visit CardFlash International ([www.cardflashinternational.com][1])

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

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PUBLIC BANK & AIRASIA

Public Bank and AirAsia have signed agreements to provide customers
with a ticketing solution through the bank’s ATMs. For customers of
Public Bank that fly with AirAsia, the partnership allows payment for
airline tickets at the 400 ATMs throughout Malaysia. This solution is
applicable to those who make flight reservations only through AirAsia’s
call center and have an existing Public Bank account at the time of
purchase.

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Sage Offers New Credit Card Modules

Sage Software has announced a new Sage “MAS 90” and Sage “MAS 200 Credit Card Processing” module. Sage Card Processing is fully integrated with Sage MAS 90 and 200 to enable users to authorize and process payments directly from within Sage MAS applications. The module provides a complete credit and debit card processing solution for mail order, telephone order and Internet businesses, including corporate purchasing cards. Data can be entered through the Sales Order and Accounts Receivable modules and the .store and .order e-Business Manager applets. Transactional information, such as authorization codes, is captured and stored within the appropriate application database for historical and reconciliation purposes. In addition, the Sage MAS card processing system is managed by the Sage Payment Solutions Division rather than through a third party, resulting in lower credit card processing fees for customers.

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MOBICLEAR AGREEMENTS

MobiClear has signed licensing agreements with both Lakonian
Bank and Cooperative Bank of Lakonia to provide bank customers
with transaction security. With these developments, the banks will deploy
MobiClear’s “Card Security,” “Internet Banking Security”, “On/Off
Card Security”, and “3G Video Banking” to protect consumer account
information when conducting transactions, including mobile phone
banking. This agreement will be for at least 3 years and is projected to
generate revenue of nearly $1,200,000 for MobiClear, which specializes
in credit/debit card transaction security. MobiClear provides secure
Internet to, subsequently, promote online solutions while Lakonian Trust is
structured to provide Greek consumers with banking solutions in
conjunction with Cooperative Bank of Lakonia & Peloponnisos.

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CO-OP Inks a USFFCU Processing Contract

FL-based USF Federal Credit Union has entered into a five-year agreement with CO-OP Financial Services for debit and ATM processing. USFFCU has provided credit union access to university affiliates since 1959. Students, faculty and alumni now have use of CO-OP’s nationwide surcharge-free network of ATMs, which includes 6,000 deposit-taking machines and 5,500 ATMs in 7-Eleven stores.

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