Trustcash and Mansion Productions/MPA3 Team

Trustcash Holdings will partner with Mansion Productions/MPA3, one of the leaders in Affiliate Program Software to provide customers with an anonymous secure payment system. MPA3 is a fully customizable affiliate management product that provides clients with a comprehensive array of important services, ranging from detailed stats tracking to billing options. MPA3 clients enjoy a number of functionalities that ease the process of maintaining affiliate programs. Bundling Trustcash services with Affiliate Program Software provides another channel to reach webmasters looking for services to enhance their sites by increasing their revenues.

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EURONET & STC

Euronet ATX and Saudi Telecom Company (STC) have signed an
electronic top-up agreement to enable STC prepaid telecom distributors
scratch card conversion. ATX will convert 10,000 of STC’s merchants
to electronic distribution of prepaid products across Saudi Arabia for
2008.
The country currently has 21.5 million subscribers with 89% of the
population penetrated with mobile services and a 51% growth rate over the
past 5 years. Euronet has operations in 39 countries over 9,800 ATMs,
45,000 POS terminals, a prepaid processing network of 358,000
point-of-sale terminals across 183,000 retailer locations in 12
countries and
a money transfer network in 13 countries with 42,000 payout locations in
88 countries.

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GPN & HSBC

Global Payments has signed Canadian merchant services referral agreements
with HSBC to provide card acceptance, processing, settlement and POS
products and services to bank customers. HSBC Bank will provide the
services through its more than 170 branch offices throughout Canada while
Global Payment Inc provides electronic transaction processing services
worldwide. Global Payments provides its services for consumers, merchants,
Independent Sales Organizations (ISOs), financial institutions, government
agencies and multi- national corporations.

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B2B Organizations Scale Back on Checks

A new survey shows that checks represent a declining share of B2B payments and that businesses are increasing their adoption of all electronic payment methods including ACH, cards and wire transfers. The 2007 survey released by the Association for Financial Professionals and underwritten by the Electronic Payments Network shows that the typical organization makes 74% of its B2B payments by check, down from 81% in 2004. A majority of organizations use purchasing cards, especially for small dollar purchases. Three out of five organizations reported increased usage of purchasing cards over the past two years. In addition, 43% of wire transfer users increased their wire volume during that time. The research concluded that the barriers to increased use of electronic payments include: information technology and integration constraints, inability of trading partners to send or receive automated remittance information, and difficulty in convincing customers and suppliers to adopt electronic payments.

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HDX DEXIT

Hosted Data Transaction Solutions (HDX) has integrated and deployed
its “Dexit Service” prepaid payment service. To provide parents with
piece of mind, and ensure that money is spent where it is intended,
the card service allows high school students to conduct transactions in
cafeterias and allows automatic refills. The service operates on a
“closed-loop” environment and allows account access through its web
site to view transactions, decide on email alert preferences and automatic
refill preferences, which can be transferred from credit or debit cards.
HDX manages merchant transactions, payment system hardware,
merchant staff training, system installation services, and post sale
software
services.

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EnXnet & Duplium Boost the Multimedia Gift Card

OK-based EnXnet and their manufacturing partner Duplium announced they are in the process of ramping up production capacity and to streamline and enhance production for the “Multimedia Gift Card” leading into 2008. In June of this year, manufacturing glitches were finally corrected. Samples of the product were then created and delivered to the marketing partners and production capacity was secured so that the Gift Card can be delivered to the market place here in the 4th quarter. Duplium, one of the largest North American DVD/CD manufacturing and digital media companies, has committed a multi-million dollar manufacturing line and more than 25,000 square feet of manufacturing space to further enhance and support the production of the “Multimedia Gift Card”.

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MICROPASS FOB CORE

Inside Contactless has launched its “MicroPass Fob Core” for VISA Micro
Tag contactless payments, a card transaction solution designed to attach to
the users’ keyring which requires no signing nor customer wait time. The
product line will include the “MicroPass L4-2G” for commercial
production of
the fobs for VISA collaboration of the “MicroPass” design and will
implement an inlay format. To date, the payment platform has been launched
for contactless payment by more than 20 issuers for over 20 million bank
cards while INSIDE contactless delivers nearly 20 million chip platforms to
card manufacturer partners.

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Fifth Third to Offer Online Resources’ CollectPay

Online Resources announced that Fifth Third Bancorp has signed a multi-year referral agreement to make Online Resources’ biller-direct payment service “CollectPay” available to its commercial treasury management clients. Under the agreement, Fifth Third will offer “CollectPay” to its commercial clients, which include telecommunications, cable, healthcare, utility, receivables management, public funds, and other businesses. The service will complement the Bank’s suite of cash management services, by enabling clients to offer their customers multiple electronic payment options, and minimize their payment processing costs. Online Resources serves over 10 million end-users and processes $100 billion in bill payments annually. Fifth Third Bancorp is a diversified financial services company with $104 billion in assets and operates 18 affiliates with 1,181 full-service Banking Centers.

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AmEx U.S. Q3 Payment Card Profits Rise 6%

American Express reported that its U.S. Card Services division posted third quarter net income of $592 million, up 6% year-over-year. U.S. gross dollar volume rose 13% and the AmEx cardbase expanded by 10% during the third quarter, compared to the year-ago quarter. Total net revenues for the first quarter increased 12% to $3.59 billion. Total U.S. card loans rose 37% to $40.0 billion. Delinquency on U.S. card loans (30+ days) rose to 3.1% versus 2.7% in the prior quarter and 2.7% for 3Q/06. Charge-offs on total U.S. card loans remained steady at 3.7% for the past two quarters, compared to 3.1% one-year ago. Card volume in the U.S. hit $115.2 billion, up 13.2% from the year-ago quarter. The total number of domestic cards-in-force grew to 51.7 million cards, compared to 46.8 million for 3Q/06. AmEx says marketing, promotion, rewards and cardholder services expenses increased 7% from the year-ago period primarily due to higher rewards costs partially offset by a targeted decrease in marketing and promotion expenses. Human resources and other operating expenses increased 5% during the quarter. For complete details on American Express’ third quarter results, visit CardData (www.carddata.com).

American Express U.S. Card Portfolio Snapshot
3Q/07 2Q/07 1Q/07 4Q/06 3Q/06 Chng
Volume $115.2 115.7 105.4 109.7 101.7 +13.2%
Cards 51.7mm 50.5 49.3 48.1 46.8 +10.5%
Source: CardData (www.carddata.com)

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Mobile Payments Specialist Firethorn Names a COO

GA-based mobile banking and payments enabler Firethorn Holdings has named Rod Dir, previously COO at Cincinnati Bell, as its COO. At Cincinnati Bell, Dir oversaw all of the company’s business segments including wireless, broadband, local access, long distance and data center and managed services. He was responsible for the daily management and performance of consumer and business sales, marketing, product development, engineering, network and customer care operations. Prior to Cincinnati Bell, he served as Chief Operating Officer of Powertel (now T-Mobile), an Atlanta-based wireless carrier that operated in 12 states and 34 markets throughout the Southeast. Firethorn is a mobile banking and payments enabler supported by the nation’s leading financial institutions and wireless carriers.

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