RAPHAELS ATMS & PANCRAS

Raphaels Bank has signed agreements to supply ATMs at the St Pancras
International station to dispense euros for international patrons. In
addition,
Raphaels has also signed agreements to become an issuing and acquiring
member of VISA, a member of MasterCard and to join the LINK interchange
network. The ATMs being installed at the new station require no queuing in
advance nor commission paid on euros allowing passengers access to money
sans the typical 10% fee on overseas ATMs. Situated in northern England,
the new station is focal on providing travelers with expanded
accessibility of
services and travel speed to continental Europe.

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Affinion Group to Offer Debix Technology

CT-based Affinion Group has teamed with Debix to offer a new tool that stops identity thieves from opening fraudulent credit accounts. “Debix Instant Authorization” will be offered by Affinion in the first quarter of 2008. With Debix’s patent-pending technology before any new credit accounts can be opened, any bank can send the consumer a secure automated phone call prompting the consumer to authorize or reject the transaction. The Debix platform enables banks and creditors to initiate “Instant Authorization” requests via a telephone, Web browser or application programming interface. Debix’s voice servers calls the consumer on up to three pre-registered phone numbers, requests authorization and returns the response code to the creditor. Affinion Group developed the first membership credit monitoring product in 1992.

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DEBIT CARDS

Among India’s exponentially expanding electronic payment market,
RNCOS foresees debit cards to soon trump credit cards as the
preferred method of plastic spending. A recent publication by the
company reflects Indian card users will top 73.4 million by 2010
and 406 million by 2011. Embodied by the 27.5 million increase in
debit cards issued between 1999 and 2004, credit card transaction
will pale in comparison to the rise in debit cards. However, credit card
transaction frequency will still increase in conjunction with debit card
use, not ceasing entirely. Reasons for this growing market, also included
in the RNCOS report, include growing consumerism, issuer competition,
and rising income levels.

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Blackhawk to Offer NFL Gift Cards

Gift card provider Blackhawk Network has teamed up with the National Football League. Beginning this fall, NFL fans will have an opportunity to purchase gift cards for participating NFL teams, including the Chicago Bears, Dallas Cowboys, Detroit Lions, Kansas City Chiefs, New England Patriots, New York Giants, New York Jets, Oakland Raiders, Philadelphia Eagles, Pittsburgh Steelers, San Francisco 49ers and Seattle Seahawks at Blackhawk Network’s Gift Card Malls which include Safeway, Vons, Dominick’s, Kroger, Fred Meyer, Ralphs, Albertsons, SUPERVALU, Giant Eagle, GetGo and Wawa.

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BARCLAYCARD GREEN CARD

Barclay card has announced the launch of its environmentally-friendly,
carbon-offsetting corporate charge card. The new product has been
designed to allow the cardholder to offset the emissions released during
their air travel with the Barclay “Business Sustain” program. This program
gives the customer a sense of the degree to which their individual air
travel
impacts the environment based on their annual expense in this arena. In
providing a visual of the carbon footprint the individual leaves on the
environment with air travel, the Barclay “Business Sustain” program can
then encourage less air travel and allow the financial contribution to
programs that reduce carbon emissions. Programs of this nature include
providing the customer with canceled Certified Emission Reduction (CER)
Certificates. The amount of certificates purchased is in relation to the
volume
of carbon emissions for which the customer is responsible, thus offsetting
their pollution.

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Coinstar Expands Pay as You Go Products

Coinstar E-Payment Services has introduced two new products, Azteca Mobile and Ilimitado Mexico to its “Pay as You Go” program. “Azteca Mobile” is a prepaid wireless program that provides voice and data capabilities, including two-way radio services and phone numbers for both the U.S. and Mexico. “Unlimited Mexico” from TeleCents Communications is a pay per call card that can be used from any phone. Coinstar’s Pay As You Go product suite includes universal and single brand gift cards, national and regional wireless programs, long distance cards, prepaid debit cards, and money transfer, offering retailers with a complete category management solution including point-of-sale integration, inventory set-up and management, retail merchandising, and reporting.

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CHALLENGE CARD/GOLDEN CHIP

Challenge Card Design and Golden Chip have signed a EUR5.9
million contract for the establishment of a card manufacturing facility in
the Kingdom of Saudi Arabia before 2009. For the new facility, “Challenge”
will provide plastic card production equipment, manufacturing know-how,
training, and production support. With these resources, the factory will
manufacture and personalize scratch-off cards, loyalty cards, SIM cards and
credit cards for telecommunication and banking. LaserCard Corporation,
parent company of Golden Chip, designs ID solutions and
manufactures secure optical memory cards, RFID cards and smartcards.

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ABS Charge-Offs & Delinquency Remain Steady

Charge-offs, among “prime” credit card-backed securities, headed down in September, but remain 87 points higher than one-year ago. However, the 60+ day delinquency ratio, which is an indicator of future charge-offs, rose by three basis points in September, compared to the prior month. According to FitchRatings, “prime” charge-offs for September were 4.75% compared to 4.88% in the prior month and 3.88% for September 2006. While the September charge-off index number was significantly above last year’s level, charge-offs still remained below the historical average of 6%. The “prime” 60-plus day delinquency index for September was 2.60%, compared to 2.57% in August and 2.33% one-year ago.

CREDIT CARD ABS METRICS
CHARGE-OFFS DELINQUENCY*
Jan 07: 4.31% 2.57%
Feb 07: 4.13% 2.66%
Mar 07: 4.36% 2.69%
Apr 07: 4.51% 2.64%
May 07: 4.63% 2.61%
Apr 07: 4.51% 2.64%
May 07: 4.63% 2.61%
Jun 07: 4.60% 2.57%
Jul 07: 4.52% 2.51%
Aug 07: 4.88% 2.57%
Sep 07: 4.75% 2.60%
* 60+ day
Source: Fitch Ratings

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SCOTIABANK EMV TRIAL

Scotiabank has announced its participation in the Canadian EMV chip
trial. The EMV chip cards, which require PIN entry, allow for secure
payment transactions on credit or debit cards utilizing an embedded
computer chip. This chip is utilized for both storing and processing data.
The solution, named after Europay, MasterCard and VISA, was first
introduced to Canada by Scotiabank with its 2003 pilot project, which
consisted of 15,000 VISA bank cards. The trial will test interoperability
of cards, devices, customer communications and adoption through the
launch of 75,000 chip-and-PIN card products in the Kitchener-Waterloo
area. Companies industry-wide are planning a national launch post-1H08.
Scotiabank employs nearly 60,000, serves approximately 12 million across
50 countries and has total assets of over $408 billion.

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iMergent Intros StoresOnline Express

eCommerce provider iMergent has unveiled “StoresOnline Express” single website solution. The solution features award-winning 24/7 chat support, professional customizable page designs, WYSIWYG drag and drop page editor, VeriSign secured eCommerce environment and an integrated real-time credit card processing. iMergent began testing at a limited set of workshops in September and at its preview conferences in late October. The company plans on continuing to test its offer of StoresOnline Express to potential customers at the company’s previews and workshops and hopes to roll out this offering in all of its conferences by the end of March 2008. The company also intends to offer StoresOnline Express online through various channels including the “New Features” section of the StoresOnline web site. The software will initially retail for $199 with $24.95 per month for hosting and customer support.

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Business Owners Concerned About Card Fraud

A new survey has found that 84% of small business owners are concerned about fraud in connection to their business finances. The “Foil Fraud” survey, released by SunTrust Banks and the National Small Business Association also showed seven out of 10 small business owners are more concerned about fraud now than they were a year ago. Nearly six in 10 small business owners believe they currently are unarmed to fight fraud. Although online identity theft topped the list of concerns (65), check fraud (45%) and credit card fraud (52%) were the most frequently experienced types of fraud. Of the 82% of small business owners stating they wanted banks to offer more help in fighting against fraud, 46% were either unsure or reported that their bank does not offer online fraud detection services. The survey included more than 500 small business owners in the Southeast.

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