GBM & DIEBOLD

General Business Machines and Diebold are intending to ink
collaborative agreements by 2008 to provide consumers in Central
America and the Caribbean with Diebold solutions through GBM
ATMs. With this, Diebold will purchase a major share of the GBM ATM
business, providing self-service and security products combined with
the GBM knowledge of the market. This collaboration will be known as
“Diebold Central America”, be based in San Jose, Costa Rica and employ
nearly 50 under the direction of Jose Ardon. GBM has a presence in 9
Central American countries while Diebold employs more than 15,000 with
operations in nearly 90 countries.

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INDIAN BANK & NCR

Indian Bank has partnered with NCR for the deployment of its e-ticket
kiosk and 500th ATM. The NCR “Personas ATMs” will be implemented
at 156 locations, 51 of which will be located in railway stations, and is
part of the bank’s ‘portable ATM center’ objective. This ‘portable’
objective
is a preferred option by Indian banks because of faster roll-outs and
deployment that is supportive of ‘Inclusion Banking’ (expansion to new
customers).

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BHS & PREPAY TECHNOLOGIES

Supported by PrePay Technologies solutions, Bhs has launched its Bhs
gift card for distribution both online and in stores. Loadable in any
denomination from GBP1 to GBP300, the new cards are available with
various designs including the “Christmas Card”, “Tammy Card” and
“Wedding Card” designs. The companies have partnered on this joint
project in the hopes of ultimately designing a marketing tool that increases
brand awareness.

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Metavante Inks a Discover Merchant Deal

Metavante has inked an agreement to offer its merchant clients full-service processing for all Discover Network card transactions. Metavante joins a growing list of recent processing/acquiring deals for Discover in the U.S. market. Last month Global Payments activated the first of its ISOs relationships to acquire Discover Network merchants. GPN anticipates finalization of its entire merchant portfolio including its ISO channel by the third quarter of next year. Last month GPN completed the integration of Discover Network card transaction processing and support services for the majority of its merchants. In October, TSYS inked an issuer processor agreement with Discover to begin processing prepaid and credit card transactions on the Discover Network. In September, Chase Paymentech began integrating the Discover Network into the merchant boarding process as the first step towards full integration and expects to rollout the full processing package to its existing merchant customers starting early next year. In December 2006, RBS Lynk completed integration and roll-out of direct Discover Network card processing. Also last year, First National Merchant Solutions agreed to offer its customers Discover card acquiring services.Additionally, U.S. Bancorp’s NOVA Information Systems signed a merchant acquiring agreement to add Discover Network card acceptance. (CF Library 10/10/06; 12/5/06; 12/18/06; 9/20/07; 10/9/07; 10/18/07; 11/27/07)

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CLEAR2PAY & DIAGRAM EDI

Clear2Pay payment solutions has announced its recent acquisition of
Diagram EDI e-banking solutions under terms that have been
undisclosed . With this, e-banking solutions provider will become a
wholly owned, integrated business unit of the acquiring company.
Diagram EDI implements its multi-channel retail and banking solutions
throughout the electronic field with Internet solutions. Additionally,
these
solutions are designed for integration with existing financial platforms
and span a network that reaches over 250 clients in over 50 different
countries. Diagram EDI brings to Clear2Pay a staff of over 30 while
Clear2Pay provides secure electronic payments solutions around the
world and employs 300.

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OBERTHUR EXEC

Oberthur Card systems has appointed Jean-Francois Durand as the
VP of Global Manufacturing Americas. Durand has been with Oberthur
for 23 years and will oversee imminent plans to increase staff and upgrade
company manufacturing facilities, including new presses and finishing
equipment,
to double mag-stripe-card production. His advanced education includes a
B.S. in
Mechanical Engineering and, prior to this development, he was vice
president of
operations for Oberthur Gaming Technologies in San Antonio, TX and a plant
manager/director for Oberthur in Puy-Guillaume, France. Before joining the
Oberthur Group, Durand was a trainer and designer for the Michelin Tire
Company.

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GiftCertificates.com Expands Merchant Roster

Vanguard ID Systems has reached a milestone after it manufactured its one-billionth bar coded key tag. The company manufactures an award-winning product line composed of cards and key tags in a variety of styles and sizes for customer loyalty, membership, gift card programs, debit card programs, security access, time and attendance and many other applications. The cards and key tags incorporate bar code, magnetic stripe and/or RFID technologies. All products can be ordered with the DataGuard Security System, its patented attached label, to save time and money and streamline enrollment. According to Jupiter Research, more than 75% of consumers participate in at least one loyalty program and the vast majority carries their loyalty card on their key chain. The convenience of the bar coded key tag has been a boon to loyalty marketing programs offered by retailers and manufacturers, and ensures that consumers don’t miss out on valuable deals that are particularly relevant to them.

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VISA GEAR

Canada has emerged as the world’s leading nation for government electronic payments because of the government’s comprehensive electronic administration procedures. The finding comes from VISA’s “Government ePayments Adoption Ranking” that measures the extent to which governments in 43 countries provide key payment services on electronic platforms. The “GEAR” study was underwritten by VISA and conducted independently by the Economist Intelligence Unit. The rankings show that Canada is followed in order by the United Kingdom, Germany, the United States, Sweden, Australia, South Korea, France, Hong Kong and Singapore. VISA says one of the interesting findings in the study is that developing countries, notably Turkey, China and Brazil, have overcome the limitation of their infrastructures and introduced effective electronic payment systems.

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Vanguard ID Systems Sets a Key Tag Record

Vanguard ID Systems has reached a milestone after it manufactured its one-billionth bar coded key tag. Vanguard ID Systems manufactures Auto ID cards and key tags. Its award-winning product line includes cards and key tags in a variety of styles and sizes for customer loyalty, membership, gift and debit card programs, security access, time and attendance, and many other applications. The cards and key tags incorporate bar code, magnetic stripe and/or RFID technologies. All products can be ordered with the DataGuard Security System, its patented attached label, to save time and money and streamline enrollment. According to Jupiter Research, more than 75% of consumers participate in at least one loyalty program, and the vast majority carries their loyalty card on their key chain. The convenience of the bar coded key tag has been a boon to loyalty marketing programs offered by retailers and manufacturers, and ensures that consumers don’t miss out valuable deals that are particularly relevant to them.

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AR GROWTH & PROBENEFIT

AR Growth has signed agreements for the acquisition of Probenefit S.A.
credit card, pension and insurance company. The terms of the agreements
stipulate that AR Growth will acquire 50% of the outstanding shares of the
organization for an initial disbursement of USD $1.0 million cash to be
followed by a secondary payment of USD $4.0 million by April 30, 2008
and a third installment of USD $5.0 million maturing on April 30, 2010.
Probenefit has approximately $30.3 million in assets, generated $17.9
million
in revenue for 2007 with $690,000 in after tax profit, representing a 45%
increase in revenue and an 83% increase in after tax profit over 2006.

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Credit Card ABS Remains Stable & Growing

A new analysis of the credit card securitization market reveals that it is alive and well despite investors concerns regarding the entire market in the wake of the meltdown in the sub-prime mortgage sector. New credit card ABS issues are up 30% over last year and may hit $80 billion by year end. According to a new report from TowerGroup, new credit card ABS issues through September exceeded $69.0 billion and is the only asset-based segment to grow this year. The research firm notes that close monitoring of issuing banks by several government agencies means that the credit card ABS market is subject to less volatility than mortgage-backed securities. However, a weakening economy, rising delinquency rates, and problems with sub-prime will raise the cost of funding all ABS issues. The U.S. credit card ABS market currently exceeds $400 billion.

CREDIT CARD ABS ISSUANCE
2003: $68 billion
2004: $63 billion
2005: $58 billion
2006: $60 billion
2007: $78 billion
Source: CardData (www.carddata.com)

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