MOLEPOINT EWALLET

PayByCash has signed agreements to process MOLePoint eWallet payments
in Malaysia to provide the Eastern marketplace with payment security.
PayByCash is now providing 70 payment providers with MOLePoints for the
acceptance of most world currencies and the expansion to customers in
over 230
countries. The processor doesn’t charge merchants fees for payment
acceptance
or charge-back fees. MOL AccessPortal Berhad was incorporated in Malaysia
as a publicly listed company in April 2000.

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NetSpend Launches a Vince Young Ed Website

Prepaid provider Netspend has launched a new website featuring football pro Vince Young that provides easy-to-understand tips to parents and teenagers on how to manage money, set goals and implement a budget. The site houses the Vince Young All-Access VISA Prepaid reloadable debit card and provides detailed information on NetSpend’s prepaid products and interest-earning National Savings Program. The NetSpend Prepaid Card Network includes served the un-banked and under-banked markets and its strategic relationships include card issuers, EFT networks and payment card associations.

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TSYS & GARTNER

From Gartner’s “MarketScope for Multiregional Card Management Software,
2007,” TSYS Card Tech has received a positive rating indicating a
recommendation of incremental investment and shortlist placement. With this
development, TSYS Card Tech, a TSYS subsidiary, joins a list of 11 other
companies with a Gartner’s positive-feedback rating. TSYS provides
outsourced payment services around the world for various industries.
Marketscope evaluates marketplaces across a range of industry for
investor information without product endorsement.

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Trustcash to Acquire Card Specialist Paivis

NY-based Trustcash, a specialist in anonymous payment systems for the Internet, announced a deal to acquire Atlanta-based Paivis, a wholesale telecommunications carrier that sells prepaid point-of-sale activated and live cards. Paivis is currently generating approximately $10 million in annual run rate revenue. Products are sold throughout many of the country’s major retail outlets, including Duane Reade, 7-Eleven, and Chevron. Paivis also recently entered into definitive agreements to acquire both Detroit Phone Cards and AAAA 4 Media Services.

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Global Card Services Triples Card Space

Global Card Services has more than tripled its plastic card personalization and card storage operations by adding 55,000-square-feet to its Downers Grove, Ill., facility. With the expansion, Global Card Services can now personalize 2.8 million secure cards and gift cards per day; produce up to 8.4 million drop on demand (DOD) cards per week and store more than 13 million secure cards in its additional vault capacity. Global Card Services is one of eight Vmark companies that offer turnkey solutions to its customers, from form and plastic card printing to personalization and lettershop services.

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TSYS & Discover Sign an Issuer Processor Deal

Discover Financial Services and TSYS have inked an issuer processor agreement. Under the terms of the agreement, TSYS will begin processing prepaid and credit card transactions on the Discover Network. In 2006, TSYS processed 13.2 billion issuing and acquiring transactions for more than 400 million cardholder accounts. Last month, 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, 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. U.S. Bancorp’s NOVA Information Systems signed a merchant acquiring agreement to add Discover Network card acceptance. Additionally, Global Payments and TSYS Acquiring Solutions agreed to expand the card’s acceptance. (CF Library 10/10/06; 12/5/06; 12/18/06; 9/20/07)

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Notre Dame Stadium Gets blinked by Chase

Chase Card Services, a division of JPMorgan Chase & Co., and the University of Notre Dame announced the acceptance of blink at Notre Dame Stadium and the Joyce Center. Cardmembers will be able to use their Notre Dame Visa® Card with blink at more than 60 concession stands throughout the campus, allowing them to get back to the excitement of the game and spend less time in line.

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Sears Consolidates with Chase Paymentech

Chase Paymentech has signed an expanded, multi-year contract to provide payment processing services for all Sears’ retail businesses, which include Sears, Kmart and Lands’ End. Sears wanted to consolidate all its payments acceptance. Sears Holdings is the nation’s fourth largest broadline retailer, with approximately $50 billion in annual revenues, and with approximately 3,800 full-line and specialty retail stores in the U.S. and Canada. Chase Paymentech Solutions processed approximately 18.2 billion payment transactions, with more than $660.6 billion in annual bankcard and debit volume.

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AmEx Officially Names Henry as CFO

American Express has named Daniel T. Henry, currently serving as acting CFO, to EVP and CFO. In this role, he will be responsible for leading the Companyâ™s Finance organization and representing American Express to investors, lenders and rating agencies. Prior to February of this year, Henry was EVP and CFO of the U.S. Consumer, Small Business and Merchant Services Group. He joined American Express in 1990 as Comptroller and worked closely with the Company for several years prior to that as a Partner at Ernst & Young. Henry holds an MBA from Hofstra University.

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SIM NFC TRIAL

Gemalto & Far EasTone Telecommunications have partnered for the
launch of their mobile contactless SIM-based NFC trial in November.
This will allow subscribers of Far EasTone to make purchases using
their mobile handsets with any of the company’s merchant partners. This
trial is being launched in conjunction with a trial for “smart posters”,
which
promote and allow shoppers to download coupons by waiving their NFC
phone in front of the poster promotion for a discount application at the
time of purchase. Commercial rollout for the solution will not be until
2008 and will gradually be introduced, initially, by 7-Eleven, Shin Kong
Mitsukoshi department store, vending machines from HeySong and rail
transport operated by Kaohsiung Rapid Transit Corporation. Gemalto
had 2006 annual revenues of EUR 1.7 billion with over 85 offices in 40
countries and nearly 10,000 employees while Far EasTone
Telecommunications is a wireless service provider in Taiwan.

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