American Express’ OPEN Teams with SCORE

OPEN from American Express announced a national partnership with SCORE to create the “Small Business Speed Coaching Test Drive.” This is a multi-city seminar tour designed to support small business growth and trigger success through complimentary educational and mentorship programs. More than 250 small business owners are expected to attend the seminar kick-off in Orlando on November 8th. Additional seminars will take place in Phoenix, Atlanta, and Chicago in 2008. In addition to meeting with a SCORE counselor at the event, attendees will learn about local SCORE chapter resources and can continue counseling sessions in the future.

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HPS Picks OTI for Campus Contactless Payments

On Track Innovations has been selected by Heartland Payment Systems to provide universities, students and merchants the capabilities of contactless payments by cell phone with the contactless “Smart Sticker”. The sticker is an entirely self-contained, contactless payment device that adheres to multiple surfaces including mobile phones, PDAs and more. Payments are made by placing the smart sticker a few inches away from OTI’s “Saturn 6000” contactless reader. Heartland has completed the first full deployment at Slippery Rock University in Slippery Rock, PA. The smart sticker enables payment at on-campus locations including campus vending machines, laundry facilities, photocopiers and printers, as well as at participating merchant locations in the surrounding community. OTI designs, develops and markets secure contactless microprocessor-based smart card technology. Heartland Payment Systems provides credit/debit/prepaid card processing, payroll and payment solutions to more than 150,000 small and mid-sized businesses.

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FIS Lender Processing Revenues Rise 8.5%

FL-based Fidelity National Information Services posted net earnings of $245.3 million for the third quarter. The results included a partial month of eFunds operations, which the Company acquired on September 12th. The Company said that it remains confident that the additional scale and product capabilities will generate meaningful growth opportunities. FIS is confident that it will achieve targeted annualized run rate cost savings of $65 million by the end of 2009. Based on its preliminary assessment, it expects eFunds to contribute approximately $0.05 to $0.10 to diluted cash earnings per share in 2008. For more information on Fidelity National Information Services’ latest results visit CardData ([www.carddata.com][1]).

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

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US Bank Offers ND Unemployment Benefits Card

Job Service North Dakota has teamed with U.S. Bank to provide unemployment insurance benefit payments electronically through the U.S. “Bank ReliaCard VISA” debit card, as of November. With the new debit card, JSND will no longer issue paper checks. Once claimants have certified and are eligible for their first unemployment insurance payment, a “ReliaCard VISA” debit card will be issued in their name and automatically mailed to them. Benefit payments will be automatically deposited to the card each time claimants certify and are eligible for benefits.

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Capital Payments to Offer BankServ Products

BankServ has finalized agreements today with Capital Payments to offer BankServ’s “SameDayPay” e-check processing and “DepositNow”! remote deposit solutions to Capital Payments’ business customers. “SameDayPay” transfers funds directly from senders’ bank accounts to the receiver’s account — allowing users to quickly and easily pay for taxes, services, utilities, products, loans, dues or even charitable contributions. SameDayPay integrates within a business’ website to offer a convenient and inexpensive way to collect and manage payments. “DepositNow” is a remote deposit capture solution for small businesses that enables businesses to deposit from their desktop virtually any check into any U.S. bank account. “DepositNow” further integrates with popular accounting systems to automatically match outstanding invoices to scanned checks and update accounts receivable. Capital Payments provides payment services to businesses of all sizes and in various industries through its Capital Payments Advantage program. BankServ has been developing and delivering electronic payments technology for financial institutions across the globe, including systems for Fedwire, SWIFT, person-to-person payments and Check 21.

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FRAUD STATISTICS

According to Abbie Milton of Absa Bank, there has been a growing
loss due fraudulent credit card transactions. The company’s statistics
show that “Card-not-present” fraud is the most common and that
90% of all cases originated from card details being sent by fax.
Furthermore, over the past 18 months businesses throughout South
Africa have lost between R25 and R40 million. This figure is continuing
to grow.

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VISA and Tablet Hotels Partner for Signature

VISA and Tablet Hotels have announced an agreement that will enable VISA Signature card issuers to provide unique benefits with the “Tablet Plus Members Only” program that offers a selection of the world’s best hotels to select VISA Signature cardholders. The Tablet Plus Members Only program includes exclusive amenities and benefits at more than 100 of the Tablet Hotels’ carefully selected luxury and boutique establishments. These Elite Hotel Privileges will be offered as an optional enhancement for VISA Signature card issuers, allowing them to offer this new premium benefit to their highest value cardholders. Tablet Hotels is a leading online travel agency specializing in luxury and boutique hotels around the world.

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CAPITAL PAYMENTS & BANKSERV

Capital Payments has signed agreements to provide BankServ’s
“SameDayPay” e-check processing and “DepositNow!” remote deposit
for its customers through its “Advantage Program.” The Capital Payments
program enables client advisors to oversee processing costs for cost
effective
and efficient solutions. Services through the “Advantage Program” include
credit, debit, check, ACH, Check 21, and working capital solutions. With
this agreement, Capital Payments advisors can now recommend these
BankServ solutions.

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ADS Inks Alon USA Energy FINA-Branded C-Stores

Loyalty program provider Alliance Data Systems announced that it has signed a multi-year expansion and renewal agreement with TX-based Alon USA Energy to provide co-brand and private label credit cards services for Alon’s FINA-branded convenience stores. Under the terms of the agreement, Alliance Data will provide an integrated credit and marketing solution for the FINA card program at Alon’s approximately 1,100 store locations throughout the southwest United States and will provide the following services for Alon across the entirety of the FINA credit card program: account acquisition and activation; receivables funding and credit risk management; credit authorization; card issuance; statement generation; remittance processing; marketing and customer service functions associated with the card programs. The new co-brand credit card program will complement Alon’s existing FINA private label credit card program, providing select customer segments with an alternate card choice for making purchases. Alon is an independent refiner and marketer of petroleum products with annual sales exceeding $3 billion.

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HSBC & 7-ELEVEN

HSBC Bank has been granted approval from the Monetary Authority of
Macau for alliance with 7-Eleven convenient stores to provide its bill
payment service. There are currently over 30 7-Eleven outlets throughout
the country and with this agreement HSBC will offer insurance, utility, card
payment and telecommunication settlement service. HSBC Macau Credit
Card will be the first to offer its customers the payment option with
the service to allow consumers to pay their bills in cash with the
cashier with
the use of barcode technology and instant checksum validation. The process
is streamlined through automation of data capture and online consolidated
reporting through HSBC’s HSBCnet.

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VISA Issues a T&E/Procure-to-Pay White Paper

VISA has released a new white paper that identifies best practices in electronic payment programs for T&E management process and “Procure-to-Pay” function deployed by companies worldwide to help satisfy compliance requirements and achieve more control and visibility over spending. The paper, co-published with ACTE Global focuses on corporate card and P-card program strategies. The T&E policies are aligned with overall procure-to-pay objectives and are actively endorsed by senior management. Best practices include: centralized travel management; company-wide travel policies; coordinated event planning through travel management function; and implementing a T&E card program. “Procure-to-Pay” best practices include”: a more transparent and accountable purchasing system plus sourcing, order placement, payment and settlement, reconciliation, control and audit and reporting.

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