QUIC BRIDGE

QuIC Financial Technologies has launched its “QuIC Bridge” allowing
direct user access for risk management. The solution also streamlines
integration and model validation with QuIC Engine and work-flow
management through the application of the QuIC Simulation Framework.
The new “Bridge” solution circumvents the need to go through model
validation and the costs of implementing a high-risk project. The QuIC
product suite provides customizable flexibility and scalability on pricing
and risk analysis for in-house, partner and third-party applications.

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AMEX EVA CARD

Reflecting the company’s confidence in the Taiwan card market, American
Express has launched a gold card with EVA Airways. This co-branded
launch is targeting upper class consumers, a population segment that has
demonstrated sustained purchasing power. The card is being launched with
the country’s second largest air carrier despite recent changes for card
applications in the face of unsecured consumer lending problems. As a result
of the more stringent guidelines, local banks reported a lack of
performance
and profitability with their card programs. Figures show that from January
2007 until August 2007, the credit card revolving balance totaled NT$2.53
trillion (US$77.7 billion), down 28.1% from the same period last year.
However, total credit payments amounted to NT$944.5 billion, an increase
1.85% last year.

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POSTILION & VAS MARKETING

The S1 division, Postilion bank software, will be jointly marketing its
integrated banking and payments solution in Brazil with VAS Consultoria
Empresarial (VAS). Postilion’s solutions will offer self-service banking
and
payment to Brazil’s banking customers using mobile devices as real-time
payment channels. This partnership expands the Postilion global network
to more than 20 resellers. VAS financial sector technology supports the
Postilion solutions in Brazil in addition to its presence in over 50 other
countries with offices on 5 continents. Postilion self-service financial
solutions include transactions for prepay, Internet access points, ATMs,
POS terminals, and phones with multi-channel,open system architecture.

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VIJAYA CARDS

Vijaya Bank is hoping to expand its credit card operations with a strategic
partner on a possible joint venture. Plans are tentative at this point,
the bank
is considering appointing an adviser for the project and is open to
possibilities.
These plans have been announced at a time that the Indian credit card
market
is catching up with debit cards. It is projected that over the next 5
years, the
credit card market will grow by 40%. Currently, about 65,000 Vijaya Bank
credit cards are active, 45,000 of which are issued by VISA , and 2.9 lakh
debit cards are active, all of which are issued by VISA.

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VISA & WELCOME

VISA International and Welcome Real-time have signed an exclusive two-year partnership that will make it possible for merchants to deliver targeted promotions to “VISA payWave” cardholders
in Asia Pacific, along with and at the same time the contactless payment
transaction occurs. Under the partnership, VISA will have the exclusive right to use Welcome Real-time’s promotional marketing platform for all “VISA payWave” transactions conducted in the Asia Pacific region. This includes contactless card-based and mobile payment forms. It is expected the first implementation of the Welcome Real-time marketing platform will occur early next year.

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HDFC & TCS

HDFC Bank will be implementing TCS BANCS’ “Treasury” accounting
solution for treasury management and to support Straight Through
Processing (STP) by incorporating web-based office functions. The solution
will help the bank support increasing volumes in the Treasury operations
division, will allow greater speed-to-market market and provides risk
management and middle office operations. HDFC Bank has a customer base
in excess of 200 institutions, operating in over 80 countries for a
total of over
10 million customers across hundreds of Indian cities. The Bank has a
network
of 753 branches and 1,605 ATMs in 320 towns/cities with a net profit of
INR 11.42 billion ending March 2007, 31% higher over the previous year with
total deposits at INR 682.98 billion, 22% higher, and a total balance
sheet size
growth of 24% to INR 912.36 billion. Tata Consultancy Services (TCS) has
over 94,000 IT consultants in 47 countries and a consolidated revenue of US
$4.3 billion for fiscal year ended 31 March, 2007.

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Shell Oil Pumps-Up for a New Promotion

Shell Oil Products plans to launch a new credit card incentive and marketing campaign October 1st. The main attractions offered to consumers by this promotion are year-round rebates for Shell gasoline and additional rebates on purchases everywhere else. Customers who open a new account between October 1st and December 31st will earn: 5% rebates on all Shell gasoline purchases plus 5% rebates for 60-days on the first $2,000 in purchases. At the end of the 60-day period, cardholders will earn 5% rebates on Shell gasoline purchases and 1% rebates on purchases everywhere else. All rebates are automatically credited to customers’ monthly statements toward future Shell gasoline purchases made with the card. Shell stations will receive a comprehensive point-of-purchase package that includes pump toppers, pole signs, register signs and other forms of on-site advertising.

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ICBPI, EQUENS & SECETI

For the enhancement of its payment processing, ICBPI Group subsidiary,
Seceti, is intending to establish a new company under its existing holding.
This development will increase the company’s European presence for a
12% share of the market to process 8.7 billion payments and switch 3
billion POS/ATM transactions annually. Also resulting from this
agreement, the Equens Group will consist of Equens Nederland, Equens
Deutschland and Equens Italia, approved by both the Supervisory
Board and shareholders for finalization in mid-2008. Equens
process an annual volume of 7 billion payments, 2 billion POS & ATM
transactions, and has a market share of more than 10% within the
eurozone for 300 banks and institutions. Seceti is an integral part of the
ICBPI Group and specializes in outsourcing services for Payment Systems
with over 8,000 ATM machines throughout Italy and processing of more
than 230,000 POS terminal transactions.

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Grameen America and Experian Team

Grameen America has been established in the United States with a mission to provide loans and savings programs and other services to foster entrepreneurship among the “unbanked”. The company is beginning operations with a pilot program in Queens, New York which will provide small, low cost entrepreneurship loans to low income borrowers who historically have not had access to loans, in part due to their lack of established credit files. The company’s loans and other services will be directed at benefiting women and immigrant populations. Experian has provided the mechanism to report the repayment history of its loans. This reporting will enable Grameen America’s borrowers to establish their credit files and will provide the foundation for building the borrowers’ credit scores allowing access to financial services previously not available.

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COMBI DEBIT MASTERCARD

For its EMV-compliant “Combi” debit card, EON Bank has set target
issuance at 100,000 by 2009. The debit card will provide customers
with the contactless “PayPass” feature at both sales terminals and ATMs,
an increase in the number of deposit and banking points and less fees than
that of a typical credit card. Experts at EON bank are highlighting the
use of
the consumers own money with the convenience of card transactions as
incentive to use the “Combi” card.

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TSYS to Launch a Multi-Purse Healthcare Card

First Horizon Msaver and TSYS have teamed up to offer a “multi-purse” healthcare and benefits payment card. A multi-purse card allows an employee to use a single debit card to access HSA, Health Reimbursement Arrangement (HRA) and Flexible Spending Account (FSA) funds to pay for healthcare costs at locations like a doctor’s office or pharmacy. First Horizon Msaver works with more than 50 health plans and TPAs to administer HSAs for customers who select HSA-qualified health plans. TSYS is a provider of outsourced payment services.

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FUNDSTECH & SEPA

Fundtech has announced that 25 banks have contracted agreements to
implement their SEPA solutions for account transfers and direct
withdrawal. Fundtech will be providing the banks with “SEPA Credit
Transfer” (SCT), “SEPA Direct Debit (SDD)”, full end-to-end high and
low-value euro STP processing and support and enhanced liquidity
management capabilities. Enhanced liquidity management allows the
management of consolidated euro position, payment prioritization and
liquidity transfers between Central Bank accounts. Fundtech Ltd
provides software solutions and services to financial institutions
around the world with 13 offices on 4 continents.

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