AmEx Launches a Gift Card Promotion

American Express has launched a nationwide in-store promotion enabling shoppers to receive a free $25 “Back-To-School Card” when they purchase any two AmEx gift cards between now and September 30th. The card can be used at Banana Republic, Old Navy, Gap and Linens ‘n Things. Consumers can visit a participating location, purchase any two AmEx gift cards, complete a rebate form found in-store and mailing it to the address noted on the rebate form. Participating retailers include A&P, Albertsons, Carrs Food Store, CVS, Dominick’s, Duane Reade, Eagle, Genuardi’s, Kings, Pak N Save, Pavilions, Randalls, Rite Aid, Safeway, Simon David, Tom Thumb, Vons, Wawa, and Winn Dixie.

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RentPayment Accepts the Green Dot MoneyPak

Los Angles-based Green Dot has inked a deal with RentPayment, the largest electronic payments processor in the multifamily industry. RentPayment customers will have access to cash payment methods using Green Dot’s “MoneyPak.” “MoneyPak” loads cash onto prepaid cards and is available at CVS/Pharmacy, Radio Shack, Rite Aid, Walgreens, WalMart and Kroger. The “Green Dot MoneyPak” is available nationwide and can be used by consumers in any part of the country even if a business is regional, such as is the case with many multifamily and apartment facilities. RentPayment’s services are available in over 2 million apartment units. Green Dot’s products include the “Green Dot MasterCard/VISA and Discover branded prepaid debit cards, Green Dot credit cards and the “Green Dot MoneyPak.”

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OPTIMAL 2Q/07

Optimal Group has released 2Q07 results reflecting a drop in revenue to
$28 million, compared to $52.2 million for the same period of last year,
and a drop in adjusted earnings of $4.3 million, compared to $9.8 million
for 2Q06. Net earnings also fell during the past year from $3.7 million to
$1.2 million. To blame for this lack of performance is the introduction of
the Unlawful Internet Gambling Enforcement Act of 2006 on October 13,
2006, forcing the company to cease the processing settlement transactions
of United States consumers. Optimal Group is a payments company that
processes credit card payments for various online and phone transactions.

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Cash Systems’ Q2 Revenues Climb 10%

Las Vegas-based Cash Systems reported revenue for the second quarter of $26.6 million, an increase of 10%, compared to 2Q/06. However, the net loss for the quarter grew from $800,000 to nearly $2 million compared to the year-ago quarter. During the quarter Cash Systems signed its first multi-year contract for “powercash” with the Fantasy Springs Resort Casino and inked a deal a multi-year contract with the Marnell Sher Gaming Group to provide casinopc and eCash checking to its recently acquired Colorado Belle, Edgewater and Saddle West Casinos. The Company said it now expects revenue of $105 million to $110 million in fiscal 2007. For complete detail on Cash Systems’ latest performance visit CardData ([www.carddata.com][1]).

CKNN HISTORICAL
2Q/06: $24.1 million
3Q/06: $26.0 million
4Q/06: $25.4 million
1Q/07: $25.5 million
2Q/07: $26.6 million
Source: CardData (www.carddata.com)

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

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MAESTRO E-MONEY

Habib Bank AG Zurich will be introducing an e-money card under a
new agreement with PrePay Technologies, allowing customers to use
it just as a debit card with no risk of overdrawing. PrePay Technologies
Ltd. will provide Habib Bank AG Zurich with all services required to
issue and operate the “Habib Bank AG Zurich e-money card” program.
The prepaid card can be reloaded at any branch of Habib Bank AG
Zurich, online, or at any of the 34,000 top-up locations across the UK,
and is accepted wherever the Maestro acceptance mark is displayed.
PrePay Technologies is MasterCard certified, EMV Chip & PIN
Compliant and FSA regulated.

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MicroBilt Offers Equifax Financial Exchange

MicroBilt is now offering customers access to commercial credit risk scores and leverage unique data from the Small Business Financial Exchange from Equifax. With this offering, companies now can go to a single source for their commercial credit information needs. They can access information on more than 23 million businesses with the Equifax Commercial Credit Report, which includes banking and lease payment information, trade payment histories, public records and business demographics. Another valuable tool offered through the site – Equifax Commercial Credit Risk Scores – assesses the likelihood of new or existing accounts becoming 90 days or more past due within 12 months. This helps companies further evaluate the credit risk of businesses. MicroBilt is a provider of risk management information and a single source provider for credit bureau, collections and screening data access and retrieval.

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MAYBANK2U.COM LOUNGE

Maybank has introduced the “Maybank2u.com lounge” in a popular
Malaysian shopping mall, 1 Utama Shopping Center. Maybank and
the mall have jointly introduced the lounge allowing patrons access to
the Internet, credit card and banking needs. Maybank has opened
this lounge location, projecting it as the first of many, to also serve
as an
informational venue for updates on Maybank and the mall’s merchants’
promotions and campaigns.

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ECHO Faces Another Tough Quarter

CA-based Electronic Clearing House reported that second quarter revenue dropped 4.2% to $19.0 million. However, bankcard and transaction processing revenue increased 4.8% to $15.8 million and bankcard processing volume increased 5.1% to $496.0 million. Check-related products revenue decreased 32.9% to $3.2 million and ACH transactions processed volume decreased 33.7% to 6.2 million transactions. The Company noted that it won several new card-not-present accounts during the quarter and believes there are plenty of opportunities to generate business from high volume merchants. ECHO currently expects that total revenue for fiscal year 2008 will increase by approximately 10% compared with fiscal year 2007 total revenue. For complete details on ECHO’s latest performance visit CardData ([www.carddata.com][1]).

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

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UOB 2Q/07

The United Overseas Bank Group reported S$ 1,103 million net profit
for 1H07, a 25% increase from the same period last year, and a NPAT
of S$585 million, a 32% increase from the same period last year. UOB
also saw a 25.5% increase in operating income, 15.0% growth in
net interest income, customer loan growth of 17.5%, non-interest income
grew by 46.6% and the net interest margin improved 9 basis points since
1H06. The bank’s capital adequacy ratio was 15.7% with tier-one capital
ratio at 10.8%.

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VISA USA Set to Unveil IntelliLink

VISA USA has introduced a new application that enables government agencies to enhance cost savings, controls and compliance in response to the additional requirements that are part of the federal government’s “SmartPay 2” commercial card program. The new “IntelliLink” application is designed to help clients find potential areas for cost savings – within and outside of existing card programs – and detect card misuse, allowing for quicker follow-up on suspicious or out-of-compliance transactions. “IntelliLink” is composed of 11 modules designed to work together or separately, and it can be customized to a particular client’s needs. The new application will be introduced to government agencies later this summer in conjunction with the GSA “SmartPay Conference.”

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HABIB BANK AG ZURICH

Habib Bank AG Zurich will be introducing an e-money card under a
new agreement with PrePay Technologies, allowing customers to use
it just as a debit card with no risk of overdrawing. PrePay Technologies
Ltd. will provide Habib Bank AG Zurich with all services required to
issue and operate the “Habib Bank AG Zurich e-money card” program.
The prepaid card can be reloaded at any branch of Habib Bank AG
Zurich, online, or at any of the 34,000 top-up locations across the UK,
and is accepted wherever the Maestro acceptance mark is displayed.
PrePay Technologies is MasterCard certified, EMV Chip & PIN
Compliant and FSA regulated.

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EP Henry Signs with GE Money

GE Money’s Sales Finance unit and concrete manufacturer EP Henry, have announced a three-year agreement to provide financing through GE’s “PROJECTLINE” and “PROJECTLOAN” programs. The new agreement will enable EP Henry’s 500+ distributors and contractors across the Mid-Atlantic region to offer both revolving and installment financing options to customers. Advantages of the program include an easy application process, fast credit decisions, competitive rates and promotions, as well as no down payments or prepayment penalties.

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