I-FRAUD CONCERNS

According to a survey of 1400 British consumers, conducted by
Tickbox.net, 51% of the population are not concerned with Internet
banking fraud and 93% do not feel that it’s a victim-less crime.
Furthermore, the survey reveals that 26% of the population have an
attitude of “these things happen”, 39% are confident that the bank will
reimburse any losses, and 48% feel the risks are out-weighed by the
convenience of online banking. Other findings include that 90% feel they
have taken all necessary precautions to avoid becoming a victim, 24%
desire more education on the issue, 15% of those aged 18-25 feel well
informed on the issue, and 26% of men are confident in their knowledge
of the risks associated with Internet fraud(compared to 14% of women).
In response to these statistics, Lloyds TSB is offering free security
scans, discounted anti-virus software, and tips on protecting their PC
from the company website.

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SIEMENS & ACS

Siemens Traffic Controls has signed ATM distribution agreements with
ACS. The agreement stipulates that ACS will supply and maintain
Siemens’ “Pay and Display” equipment, in addition to their existing
portfolio of parking solutions and equipment. The Siemens equipment is
designed to offer user-friendliness, reliability, and dependable income
with
features including cashless payment by card, solar-powered operation,
foreign language options, a modern user interface and a new physical
appearance. Siemens Traffic Controls designs traffic engineering products
with 700 employees 350 of whom are skilled service engineers. ACS is a
supplier of Transport Revenue systems with 55,000 employees and
revenues of $5.5 Billion.

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SLIM CD Passes its Fifth Annual CISP/PCI Audit

Software developer SLIM CD has successfully completed its annual PCI service-provider onsite audit and has been recognized by VISA for safely handling cardholder information for a fifth consecutive year. The Slim CD Pro package includes a stand-alone desktop application, a web-based virtual terminal, and a shopping cart. The SLIM CD services include gateway services, data on demand, fraud detection services and backup dial-in connectivity. SLIM CD specializes in credit card processing software development for the desktop and the Internet.

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AIRPLUS & UOB CARD

AirPlus International, in conjunction with United Overseas Bank, has
introduced the “AirPlus Corporate Card” for the South East Asia Market.
The card is designed for medium to large scale businesses and offers such
benefits as travel data management, settlement services, and business
travel
solutions. AirPlus has 32,000 corporate customers worldwide, and settles
flight tickets from more than 260 airlines.

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I.C.E Cuts its Loss for 2Q/07

CA-based International Card Establishment reported that net revenues of $2.25 million were flat compared to one-year ago. However, its second quarter net losses was $295,221, compared to a loss of than $3 million for the year-ago quarter. The improved loss was driven by lower General and Administrative costs. The Company says it has been working on forging several strategic alliances with independent sales channels that offer access to a large merchant base. I.C.E. is a provider of diversified products and services to the electronic transaction processing industry. For complete details on I.C.E.’s second quarter performance visit CardData ([www.carddata.com][1]).

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

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CARD LOANS 2Q/07

The Hong Kong Monetary Authority has reported 2Q07 survey results
showing that, after a 6.3% decrease in 1Q07, card receivables have
increased by 2.1%. Other information collected through the survey
shows that the total number of credit card accounts rose 2.4%, the
amount charged to credit cards fell HK$.2 billion, charge-offs
increased by 9 million, and the charge-off ratio rose by .13%.
Additionally, the survey shows that delinquency rose by HK$14 million
since 1Q07 and the amount of rescheduled receivables remained stable
at HK$51 million.

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ABA Releases a Consumer Credit Card Guide

The American Bankers Association has developed, “Guide to Credit Cards”, a free resource to help consumers make informed choices about credit cards. The new publication is designed to help cardholders and applicants better understand the specifics of credit card use, improving their ability to successfully benefit from the ease and convenience of this financial tool. The guide covers a range of important but often confusing topics, providing clear and easy-to-understand answers to such questions as: why are there different annual percentage rates and how do they work; what exactly are grace periods, and how do they work; how are payments allocated to outstanding balances and how can a consumer choose the right card.

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ABS 2Q/07

Charge-offs for credit card-backed bonds in the U.K. retreated after peaking in the prior quarter. For the second quarter charge-offs dropped 50 basis points to 7.3%. Delinquencies, among asset-backed credit card securities, also improved dropping 10 basis points to 3.9% for the second quarter, compared to the March level. According to FitchRatings, its “Yield Index” ended the quarter at 19.9%, which represented a decrease of 30 basis points versus March 2007. The quarter also witnessed a decline in the “Monthly Payment Rate” which declined to 17.2% from 17.7%. Fitch noted that this is a possible indicator of the increasing financial stress of U.K. credit card borrowers following the recent interest rate rises.

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CO-OP Claims Big Savings for 7-Eleven ATMs

CA-based CO-OP Financial Services, which operates CO-OP Network and its 25,000 surcharge-free ATMs, has saved CO-OP Network credit union members nearly $50 million in surcharges at 5,500 7-Eleven ATMs. Through this relationship transactions have increased to two million per month. During 2006, 7-Eleven stores worldwide generated total sales of more than $44 billion. CO-OP Financial Services (formerly CO-OP Network) is the nation’s largest credit union service organization.

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I4 Commerce Becomes Bill Me Later, Inc.

MD-based I4 Commerce has changed its name to Bill Me Later, Inc. effective immediately. The Bill Me Later name best reflects the company’s focus on enhancing the retail purchasing experience by enabling customers to shop without using a credit card and to be billed for their purchases at a later date Bill Me Later Business was announced in June 2007 to make the Bill Me Later payments solution available to retailers serving the small business market. The company will continue to offer the entire Bill Me Later platform, which includes the flagship Bill Me Later payment system, Preferred Account private label financing, promotional financing options, and the new Bill Me Later Business small business payment service. Bill Me Later is a technology company helping to connect leading merchants with high value customers by improving the purchase experience.

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5K NYC Taxis to Have PayPass By Dec

MasterCard and VeriFone Transportation Systems report that more than 5,000 NYC taxis are anticipated to accept “PayPass” by December. Philadelphia already has more 1,600 Philadelphia taxis already equipped with VeriFone systems that accept the contactless technology. Both firms are also engaged in a pilot program in Las Vegas taxis scheduled to be completed later this year. VeriFone estimates that “MasterCard PayPass” cuts approximately 45 seconds off the transaction time in taxis when compared to cash, and 15 seconds when compared to swiping a traditional payment card. MasterCard has more than 16 million “PayPass” cards and devices in use at more than 55,000 merchant locations worldwide as of the second quarter. VeriFone Transportation Systems is a joint venture between VeriFone and TaxiTronics, a company that services over 8,000 of the taxi meters in the city cab fleet.

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