Debt Resolve System Adds $1B Per Quarter

NY-based consumer debt collector Debt Resolve reports that it is adding new accounts at the rate of $1 billion (face value) per quarter. The Company offers a patented Internet solution for the collection and settlement of consumer finance accounts receivable. Debt Resolve’s system has processed over 15 million accounts (including credit card, auto finance, and healthcare) with a face value of over $15 billion since its inception in 2003. Clients using the “DebtResolve” system have a settlement rate of over 50% for debtors who logged in, and settlements averaging 15% over the clients’ floors or the bump rate. Revenue for the second quarter was $875,210, compared to $27,026 in the second quarter of 2006. Net loss for the second quarter was $5.3 million compared to a loss of $1.7 million in 2Q/06. For complete details on Debt Resolve’s latest performance, visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

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JULY CARD LOANS

New borrowing on credit cards contracted for the fifth consecutive
month, dipping by GBP 73 million in July. For the past six months credit
card lending has declined by an average of GBP 116 million per month.
The British Bankers Association reports that total net lending rose by
an underlying GBP 13.6 billion in July, compared to GBP 13.1 billion in
June. Of the total rise, mortgage lending accounted for an underlying
GBP 5.7 billion. Consumer credit rose by GBP 141 million overall and
personal loans/overdrafts grew by GBP 214 million compared to June’s
rise of GBP 167 million. The BBA collects data from Abbey, Alliance &
Leicester, Barclays, Bradford & Bingley, HBOS, HSBC Bank, Lloyds TSB,
Northern Rock and The Royal Bank of Scotland.

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Lloyds TSB Offers an International Acct

Lloyds TSB is now offering U.S. residents a triple-currency U.K. personal bank account in U.S. dollars, sterling, and euros. The new “International Account” includes a “chip & PIN” debit card for use in the UK. Its first U.S. representative office in the western U.S. has opened in Los Angeles and will focus on serving U.S. citizens going abroad as well as the large expatriate U.K. and international community living in California and throughout the western U.S. The company also has representative offices serving the east coast in Connecticut and Florida. Lloyds says it can take up to three months to open a local bank account in the U.K..

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DIGITAL ID & VPS ID

Digital Identification Solutions has completed the acquisition of its
long-time
partner, vps ID Systeme software for a purchase price that is to remain
confidential. This development makes vps the 7th member of the Digital ID
Solutions Group, which has subsidiaries around the world, and is
projected to
save both companies marketing costs, will allow product portfolio marketing
collaboration and project management collaboration. Major names in the vps
base of reference include Siemens, BMW, RWE, the Ingersoll-Rand Group and
DRV and BitKom. Digital Identification Solutions has a global presence
through
its over 5,000 installed systems.

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Discover Certifies Personix Nashville

Plastic card manufacturer Personix announced the certification of its Nashville facility by Discover. To achieve certification, Personix Nashville demonstrated that every aspect of its card manufacturing processes met the highest level of security and effectiveness. Meeting the stringent requirements of the Discover certification further strengthens Personix Nashville’s leadership position in the card manufacturing industry. The addition of Discover card manufacturing enhances Personix Nashville’s extensive suite of card products that includes financial cards, retail cards, healthcare and other ID cards and gift cards. The Personix Nashville facility was certified by VISA and MasterCard for secure card manufacturing in 2003. Personix is a business unit of Fiserv and a provider of business-critical communications to the financial services, healthcare, telecommunications, investment services and retail markets.

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GEMALTO & NXP

Gemalto and NXP Semiconductors have announced their collaboration
for the development of SIM-enabled, Single-Wire-Protocol(SWP) NFC
Solutions. SWP is a specification for a one-wire connection between the
SIM card and the NFC chip in a mobile phone. With this agreement, the
companies aim to define a SIM-based NFC industry standard and
compliancy with telecom operator requirements. The joint solution is
currently
under review for standardization by the European Telecommunications
Standards Institute (ETSI). Gemalto had 2006 annual revenues of 1.7 billion
euro, operations in about 100 countries and over 10,000 employees. NXP is
a semiconductor company founded by Philips more than 50 years ago and
has 37,000 employees in more than 20 countries. NXP posted sales of EUR
5 billion in 2006.

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DCI Promotes a Sales Executive

KS-based bank technology provider DCI has promoted regional sales manager Matthew Court to VP, Sales. As vice president, Court is responsible for the strategic management of a nationwide sales team to handle the sales growth of iCore, the company’s bank processing and management solution. Court joined the company in May 2006 as regional sales manager for Southern California, Utah, Nevada and Texas from Experion Systems, where he served as director of Sales, Western United States. DCI is a provider of full-service bank technology and processing solutions to the financial industry.

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PRIVATBANK & HYPERCOM

PrivatBank has purchased 11,000 Optimum T2100 and M2100 card payment
terminals from the Hypercom Corporation. PrivatBank chose the Optimum
Terminals based on the extensive technical support provided by Servus
Systems
Integration (SSI), Hypercom’s distributor. PrivatBank’s servicing network
consists of 2,475 branches throughout Ukraine, has nearly 12 million
personal
accounts and has 12.5 million issued cards. Hypercom solutions furnish
businesses in more than 100 countries with payment products and services.

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CrossCheck on eProcessing Network Gateway

CrossCheck, Inc., the nation’s third largest check approval and guarantee service provider, announced that their check guarantee service is now compatible with eProcessing Network’s Payment Gateway. The “ePNPlugIn Financial Software Payments Module for QuickBooks” allows merchants to consolidate their Internet, Mobile and POS transactions using QuickBooks. Merchants can now utilize their current relationship with CrossCheck and approve their check transactions directly within QuickBooks. CrossCheck partners include the nation’s top bank card acquirers which process over 49 percent of the nation’s bankcard volume.

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Chase ATMs Dominate Houston & Dallas

Chase and Cardtronics expanded their multiyear branding agreement adding more Chase ATMs in Texas. Chase will add its logo on 423 ATMs located in Walgreens drugstores across Texas. Chase has begun the installations and will complete the effort by the end of this year. When all installations are completed, Chase will have the most ATMs in Houston and Dallas. The additional ATMs expand Chase’s statewide ATM network to 1,263 machines. Chase already had 840 ATMs across the state, including 53 cash machines inside Walgreens stores in Dallas and Austin. The new agreement will increase Chase’s Walgreens locations to 476 stores across Texas. The additional ATMs will expand Chase’s long-standing relationship with Walgreens to more than 1,800 ATMs nationwide.

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QUALYS & ASIAPAY

Qualys and AsiaPay have signed agreements for the distribution of Qualys
PCI DSS network data security requirements and compliance
management solutions. AsiaPay will deploy the solution with its suite of
secure, scalable, function-rich, real-time multi-currency, multi-channel
and
multi-lingual payment processing technologies on credit and debit cards for
financial institutions and retailers. AsiaPay will also offers fraud
detection
and 3D-Secure technology for a comprehensive payment service. In
addition to distributing “QualysGuard”, AsiaPay will also utilize the
solution
to deliver PCI certification and PCI-related services to its own clients.
QualysGuard security is a widely used on-demand security solution
that performs over 150 million IP audits per year.

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FDC’s STARsf Adds Allpoint ATM Access

First Data’s “STAR Network” surcharge-free service has hooked-up with the nation’s largest surcharge-free ATM network. “STARsf” will now offer its financial institutions access to more than 32,000 surcharge-free ATMs through Cardtronic’s “Allpoint Network.” Cardholders of any “STAR” member enrolled in the “STARsf” service receive unlimited surcharge-free access at participating ATMs. First Data has about 5,400 financial institutions on the “STAR Network” for PIN debit card processing, fraud prevention services and ATM terminal driving and monitoring. There are approximately 154 million cards carrying the “STAR” logo. The “STAR Network” provides cardholders access to 315,000 ATMs and 1.7 million retail locations.

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