CITIBANK REMITTANCE

Citibank has introduced a remittance service specifically designed for
money transfers between the UAE and Pakistan. With the “Citibank Rupee
Current Account” available in the UAE and the “Rupee Savings Ultimate
Account” in Pakistan, Citi has designed a “Twin Account” relationship for
the expatriate Pakistani segment who need to send or receive money
in the UAE. The “Twin Account” design utilizes multiple access channels
to Pakistan with custom foreign exchange rates and allows transfers from
the
UAE 24-hours a day by phone, through ATMs, at a Citibank branch or
Online. Account holders will receive term deposit rates of up to 5% p.a. at
Citibank UAE, a check book and a Citibank Debit Card. Citi has nearly
200 million customers in more than 100 countries.

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CITI & EURIGIRO

Citi Markets & Banking has partnered with Eurogiro with the intention
of expanding their payments networks and combining connections in over
150 countries. This development, subsequently, will grant clients of both entities access to each other’s network and products. Eurigiro network consists of financial institutions for the development of effective solutions and a platform for co-operation on cross border payments. Citi Markets & Banking is a corporation, financial institution, institutional investor and
government agency financial partner with operations in over 100 countries.

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AP TECHNOLOGY & CRONTO

AP Technology has announced its partnership with Cronto Ltd for the
integration of the Cronto “Visual Signing” solution into the AP
“Keystone Authentication”. Cronto’s solution provides user authentication
and transaction verification while “Keystone Authentication” provides
Website Mutual Authentication, ATM Network Validation, and Email
Validation. The integration of these solutions provides for an elimination
of phishing, identity theft, spyware and and trojan attacks. AP Technology
has partnerships with 9 of the 10 leading U.S. commercial banks.

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AFFILIATE SPEEDPAY

Affiliate SpeedPay has introduced a payment platform for affiliate
programs around the world to manage payments. The new solution
provides instant payment processing, a VISA debit card, is managed
by European Bank and requires no integration. Country of origin and
payment destination is insignificant, allowing payments in most
currencies, and payouts can be made as often as needed.
Furthermore, with the VISA debit card, affiliates have access at 30
million retailers and ATM’s worldwide.

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EON BANK MATTA CARD

In response to the popularity of the Malaysian Association of Travel
and Tour Agents (MATTA), EON Bank and Visa International have
introduced MATTA travel prepaid cards and MATTA travel credit
cards. The card offers personal accident insurance, medical insurance,
concierge service and airport lounge access at KL International and
Changi Airport. Application and services are available at all 150 EON
Bank branches, which is hoping to register 100,000 cardholders in the
next year.

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DIEBOLD EXEC

Diebold has opened a new office in Basingstoke, Hampshire, UK to be
the company’s UK business center in conjunction with the appointment
of a new software sales manager. Mark Burn will hold the new position
and will be overseeing the new Agilis EmPower ATM application
software. Burn’s experience with open system software and ATM
technology is extensive, including his senior EMEA-wide sales positions
with Level Four and Diebold-owned Nexus Software ATM application
software manufacturers over the past 6 years. Prior to this, Burns spent
12 years in senior sales, IT and marketing roles at Philips.

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INNOVA CARD

Innova Card & Gangshun Technology have announced their technological
and business partnership to develop new tax control solutions. The
partnership
will be implementing the USIP Professional Platform, a secure EMV and PCI
PED compliant System on Chip (SoC), for China Golden Tax Engineering to
integrate functionalities required to design new generations of low-cost
POS
terminals. The chip embeds a 32-bit 100MHz RISC processor, internal
memories, a full panel of controllers, and analog/digital interfaces.
With this
development, Gangshun Technology will become a representative and an
extension of Innova Card in China. In doing so, Gangshun will implement its
technical support team to provide technical assistance to Innova Card’s
local
customers.

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AMBANK AWARD

AmBank Berhad has recently been awarded the “Best Domestic Provider
of Foreign Exchange Services in Malaysia as voted by Corporates” by
AsiaMoney. The award was determined based on results from
AsiaMoney’s 17th annual 2007 FX Poll of 1,180 senior treasury execs,
financial execs, SMEs, bank employees and fund management firm
employees from 1,085 different companies in the region. AmBank deals
foreign currencies under the Exchange Control Act and offers remittances
for imports, exports, investments, and risk management/hedging to all
customer segments. AmBank is major auto financier, credit card provider,
mortgage loan provider and personal financer and has recently partnered
with ANZ banking group.

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AMBIRONTRUSTWAVE & ONE-SEC

AmbironTrustWave has announced the acquisition of of One-SEC under
confidential terms. Subsequently, The operations of the separate
companies will
merge as one and organizations in EMEA will have access to
AmbironTrustWave’s
compliance management solutions, managed security services and SSL
certificates. One-SEC provides Payment Card Industry Data Security Standard
(PCI DSS) compliance solutions for businesses and organizations in EMEA
and works with payment card processing entities including card
associations,
acquiring banks, payment service providers, merchants and hosting
providers.
AmbironTrustWave is a leading certificate authority and serves over 30,000
organizations around the world required to validate compliance with
industry
best practices to protect information endorsed by American Express,
Discover,
MasterCard Worldwide, Visa International and Visa USA.

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CITIBANK TAIWAN

Citibank Taiwan has launched the “Citi Privileges” credit card in
conjunction with the Wang Group, Vieshow Cinema, and Lion
Travel. Cardholders are rewarded a bonus point for every NT $15
spent in member stores, free birthday-meals, free Vieshow Cinema
tickets, and free group airport transportation. The card also offers
ample savings on purchases at member retailers. Citi has nearly 200
million customer accounts in more than 100 countries and provides
diverse financial products and services.

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MELLON & VISA

Mellon Financial Products Support (MFP) and VISA have announced
they will be providing chip-card training to retailers for VISA Europe’s
promotion of secure transactions, charge-back reduction and wait-time
reduction. The training will provide merchants training on the use of Visa
chip cards with or without the use of pin, in the use and acceptance of
smart cards, the migration to chip technology and its benefits and the
updated security features of Visa chip cards. In Greece, there are more
than 1.5 million chip cards currently in circulation.

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ALIPAY ONLINE

Alipay has introduced an international service to Mainland China which
allows consumers to purchase goods and services directly from global
retailers. The company’s online payment solution serves both consumer
and business-to-business transactions and has over 50% of the market
share in China. The transaction support solution, being introduced with
Bank of China and China Construction Bank, allows users to shop from
home and is in response to statistics showing that shopping is the major
reason Chinese nationals travel. Mastercard projects that 19 million
Chinese will make overseas trips in 2H07. Alipay has over 47 million
users in China, 80,000 registering daily and an average daily transaction
volume of over RMB 150 million from 780,000 daily transactions. The
company’s parent, The Alibaba Group, is the largest e-commerce
company in China.

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