INFOCOMMUNICATION UNION COUNCIL

The Infocommunication Union Council has announced a project to develop
a mobile payments project to allow payment over mobile communication
networks. This comes with the approval of the Universal payment concept to
pay for goods and services using the existing and advanced communication
network providing the testing of micro- and macro payments and NFC
technology. The project is being developed with mobile operators such as
VimpelCom, Delta Telecom, MegaFon, MTS and Moscow Cellular
Communication, Svyaz-Bank and the bank Tavrichesky and Mobile Payment
Systems to provide RF citizen access to modern payment services.

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Javien Micropay Patent is Cleared

Javien Digital Payment Solutions has received a notice of allowance from the U.S. Patent Office for its micropayment aggregation technology “Micropay”. “Micropay” enables merchants to cost-effectively process charges for offerings with very low price points, such as $.99 MP3 downloads and $3.00 beverages. In these cases, without a means for micropayment aggregation, the cost for the merchant to process individual payments from credit cards and other cash alternatives often exceeds the total transaction. By combining multiple purchases per consumer in a single charge, Javien’s merchants reduce their processing fees. Javien Digital Payment Solutions delivers to content providers a total commerce solution and manages assets of $2 billion.

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INNOVA-SCS AGREEMENT

Innova Card has signed a Value Added Reseller (VAR) agreement with
SCS Pro Co Ltd to market and sell its USIP secure payment solution.
With this development, SCS can add to its portfolio by providing a security
software package and Innova will strengthen its distribution channel.
Innova Card develops and markets Systems-on-Chip and secure solutions
for terminals and applications. SCS Pro is a smart card solution ompany
providing smart card readers systems and works as laboratory certification
for VISA and Mastercard.

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VantageScore Identifies Good Subprime Risks

A recent study, examining a sample of more than 40 million subprime consumers with mortgage tradelines, found that 20% of those consumers originally classified as subprime using traditional credit risk score were re-classified into lower-risk categories using the new “VantageScore.” Experian says the “VantageScore” service provides lenders with a granular view of the subprime consumer segment, allowing lenders to identify pockets of relatively low-risk consumers within the subprime category. “VantageScore” is a credit score jointly developed by Experian, Equifax and TransUnion.

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V/MC Issuers Below Average in Satisfaction

Among the top eight U.S. issuers of VISA and MasterCard — Citi, Chase and U.S. Bank lead the pack in customer satisfaction. However, all eight ranked below American Express, Discover and the industry average. According to the J.D. Power and Associates “2007 Credit Card Satisfaction Study,” the industry average, based on 1,000 point scale, is 658. Citi, Chase and U.S. Bank scored 652, 651, and 646, respectively. By comparison American Express and Discover scored 735 and 728, respectively. The Power study, which is based on responses from 7,812 credit card users, weighed five factors: benefits and features; rewards; billing and payment process; fees and rates; and problem resolution. Among the credit card networks, customer satisfaction with American Express and Discover is significantly higher than with MasterCard or Visa. However, 89% of VISA customers and 87% of MasterCard customers indicate that their card is accepted everywhere they want to use it, while only 17% of American Express and 19% of Discover customers say the same. MasterCard holders have slightly higher satisfaction than those with a VISA, which is primarily driven by higher satisfaction with membership benefits.

CUSTOMER SATISFACTION INDEX RANKING
1. AmEx 735
2. Discover 728
3. Citi 652
4. Chase 651
5. US Bank 646
6. WaMu 638
7. Wells 636
8. Cap One 617
9. BofA 607
10. HSBC 571
Source: J.D. Power and Associates

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HPS Unveils Heartland Express Funds

NJ-based Heartland Payment Systems has launched a bank-neutral remote deposit capture system. The new “Heartland Express Funds” allows businesses to electronically deposit checks into bank accounts eliminating floats and holds. It also integrates into many accounting systems including “QuickBooks,” “Great Plains,” “Peachtree” and “Accpac.” HPS delivers credit/debit/prepaid card processing, payroll and payment solutions to more than 150,000 small and mid-sized businesses nationwide.

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Giving Tree GiveCard Set to Launch

Nashville-base stored value card provider Giving Tree has launched its business and website and will offer its first product, the “Giving Tree GiveCard” online. The “GiveCard” donates 10% of the value of each card to a charity of the recipient’s choice, and the other 90% is used like cash anywhere MasterCard debit cards are accepted. When the gift card is activated on the Giving Tree website, the recipient of the card searches a database of over 1.5 million registered non-profits and chooses which charity gets the donation.

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Esprit Financial Biz Development Exec

Esprit Financial Group has hired Steve Edwards as VP, Business Development for its IFGX division. He will be responsible for the North American market. Edwards has extensive experience in sales development in a number of different industries, including the financial sector. Esprit’s IFGX.com will primarily provide financial consulting to assist companies wishing to enter the public markets, primarily through reverse mergers with shell companies controlled by Esprit. The division will also provide merchant banking services and providing clients with assistance in raising funds to fuel growth. Esprit Financial Group is a provider of a diversified number of online financial services that include the Payday Loan Software division, Forex Trading, Advanced Electronic Funds Management, and IFGX Specialized Investment Banking and Financial Advisory Services.

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EQUIFAX EXEC

Equifax has announced its appointment of Andy S. Bodea to SVP of Global Operations to report directly to the CEO. Bodea
will oversee Consumer Services, Business Services, Product Fulfillment,
Database Services Fulfillment, Data Operations, Process Re-engineering
and International Operations. He joins Equifax following his experience as
a corporate officer at Gateway Inc, marketing roles at GE Capital and
McKinsey & Company and The Home Depot as VP of
Services Processes. Bodea’s advanced education include a
Ph.D. in Information Systems and Business Management from Harvard
University, an M.A. in Applied Mathematics from Harvard, and a B.A. in
Applied Mathematics from the University of California at Berkeley.

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GiftCertificates.com to Offer AEIS Card

NE-based GiftCertificates.com has partnered with American Express Incentive Services to offer the “Persona” shopping Card to customers via their website. The Persona shopping card allows recipients to select from more than 170 retail, travel and entertainment establishments for electronics. The American Express-branded Card offered by GiftCertificates.com will also enable GiftCertificates.com customers to feature their own brand, logo, campaign theme or other messaging to help deliver positive reinforcement and increase impact. The incentive Card program will give employers the flexibility to offer a customized reward experience for their unique audience. GiftCertificates.com is a provider of gift certificates/cards and gifting advice for both consumer and corporate audiences nationwide. AEIS, a joint venture between American Express Travel Related Services Company Inc. and Maritz Inc., provides business-to-business reward solutions.

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PAYMENT METHODS

According to a “Webmonitor” survey, compiled by Forsa and the German
Association for Information Management, Telecommunications and New
Media (BITKOM), on a monthly basis German consumers prefer using
the direct debit payment method for conducting Internet retail
transactions.
The results of the survey were based on the response of 1002 Germans
and showed that over 38% have at least once used the payment method
followed by 29% using on account, 20% using credit card, 17% using
C.O.D., and the least popular being online payment systems with 11% of
consumer use. Since 2003, Germans who conduct retail transactions online
have increased 38%, surpassing the EU average of 20%.

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American Express Tops J.D. Power Card Study

An inaugural study that measures customer satisfaction among credit card issuers has ranked American Express the highest. Among the 10 credit card issuers examined in the study AmEx scored 735 on a 1,000-point scale, performing particularly well in benefits and features, and problem resolution. Discover closely follows AmEx with a score of 728, performing well in rewards, and billing and payment. The J.D. Power and Associates “2007 Credit Card Satisfaction Study” examined five key factors: benefits and features (34%); rewards (25%); billing and payment process (21%); fees and rates (16%); and problem resolution (4%). From an industry perspective, credit card customers provide an average satisfaction score of 658 points. This is considerably lower than the average satisfaction scores provided by customers in other financial markets the firm conducts studies in: mortgage servicing (798), online investing (773) and retail banking (763).

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