RAHAXI & SPECTRA

Rahaxi Processing Oy has signed agreements to distribute and market
Spectra Technologies transaction solutions, including EMV and PCI
certified point-of-sale terminals. The agreement covers distribution in
Norway, Finland, Sweden, Ireland, Iceland, Estonia, Latvia and
Montenegro and enables Rahaxi to provide merchants and partners
economical EMV/PCI solution technology. EMV is an international
standard to replace the magnetic strip with chip-and-pin technology for
credit cards and bank cards. PCI/DSS is an industry-wide security
requirement for cardholder account data.

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HYPERCOM EMEA EXEC

Hypercom has announced the appointment of Michel Sohrabi as Vice
President of Marketing and Business Development. Sohrabi’s VP
position concerns operations in the European, Middle East and Asian
Market (EMEA). His previous experience includes Security & Payment
Business Development Director for Wavecom, since 2005, and sales,
marketing and business development for Ingenico Group and COM One
Group. Sohrabi’s experience in the industry totals 21 years with an
education consisting of a Master’s degree in Marketing from Washington
University and a Master of Engineering degree from the University of Orsay in France.

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BARCLAYCARD MERCHANTS

Barclaycard has announced the agreement with over 1,000 merchants
to deploy their contactless payment solution, mostly consisting of smaller
shops and chains. The solution, called “OnePulse”, carries a contact
chip-and-PIN application on a dual-interface chip and is targeted to
replace the 93% of transactions under GBP10 that consumers conduct
using cash. Experts believe that larger merchants and retailers are
waiting to upgrade to see how well received the contactless solution will
be.

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TRM Q2 Revenues Up 3% Sequentially

Portland, OR-based TRM reports second quarter gross sales of $23.5 million compared to $27.6 million in 2Q/06. However, on a sequential basis, sales were up nearly 3% compared to $22.9 million in the first quarter. The Company noted that compared to the first quarter it reduced selling, general and administrative costs by 18.9% and cut its quarterly operating loss in half. The average number of transacting ATMs was 10,473 during the second quarter, compared to an average of 10,808 during the first quarter. To date, the Company has added 1,093 new ATM units since the beginning of the year, including 531 in the second quarter. TRM says it is continuing to explore strategic opportunities and hopes to have something positive to say in the coming weeks. Among recent news TRM expanded its contract with The Pantry to include 80 new ATM units in the northeast U.S. and was recently awarded an ATM processing contract with Dade County Municipal Building for 13 units. For more details on TRM’s latest performance visit CardData ([www.carddata.com][1]).

TRM HISTORICAL GROSS SALES
2Q/06: $27.6 million
3Q/06: $26.4 million
4Q/06: $24.9 million
1Q/07: $22.9 million
2Q/07: $23.5 million
Source: CardData (www.carddata.com)

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

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FASTER PAYMENTS

The U.K. banking industry announced that the new “Faster Payments Service” will be introduced at the end of May 2008 instead of November 2007. The delay is needed to allow sufficient time for the
more rigorous testing required at both the center and by banks.
The thirteen founding members of the Faster Payments Service are
Abbey, Alliance & Leicester, Barclays, Citibank, Co-operative Bank,
HBOS, HSBC, Lloyds TSB, National Australia Group, Nationwide Building
Society, Northern Bank, Northern Rock, Royal Bank of Scotland Group.
They account for over 95% of all payments made in the UK.

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Payment Data Systems Q2 Revenues Up 41%

San Antonio-based Payment Data Systems posted a 41% increase in second quarter revenues to $761,935. Gross profit increased to $153,222 for the quarter from $109,081 for the first quarter. The Company says that credit card transaction dollar volume for the second quarter was up 24% from the first quarter. PDS says it expects the trend of increasing card-based revenues to continue with more growth anticipated in its merchant processing portfolio and additional revenue generated from its debit card products coming into production, specifically the new “Natalie Gulbis Gift MasterCard” due out this month. For complete details on PDS’ latest performance visit CardData ([www.carddata.com][1]).

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

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BARCLAYCARD CONTACTLESS

Barclaycard has announced the agreement with over 1,000 merchants
to deploy their contactless payment solution, mostly consisting of smaller
shops and chains. The solution, called “OnePulse”, carries a contact
chip-and-PIN application on a dual-interface chip and is targeted to
replace the 93% of transactions under GBP10 that consumers conduct
using cash. Experts believe that larger merchants and retailers are
waiting to upgrade to see how well received the contactless solution will
be.

Details

ATMs Can Use VirusScan Enterprise 8.5i

McAfee announced that its “VirusScan Enterprise 8.5i” now supports the Windows XP Embedded operating system to manage security on point-of-sale terminals, including airline kiosks and ATMs. McAfee VirusScan Enterprise looks for exploits known to target Microsoft applications and services and will identify and block threats. VirusScan Enterprise easily integrates with McAfee’s system security management console, McAfee ePolicy Orchestrator. ePO enables centralized deployment, policy configuration and enforcement so that companies can centrally manage the security of thousands or even tens of thousands of distributed Windows XP Embedded endpoints. VirusScan Enterprise proactively stops and removes threats, extends coverage for new security risks and reduces the cost of managing outbreak responses. VirusScan Enterprise is the first anti-malware software that offers intrusion prevention with application-specific buffer-overflow technology. McAfee is a dedicated security technology company.

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DIEBOLD & VPBANK

Diebold has signed agreements to supply Vietnam Private Bank (VP Bank)
with 1,000 Opteva ATMs, 250 of which are to be installed throughout
Hanoi and Ho Chi Minh City. The remainder of the ATMs will be installed
at the bank branches and retail locations over the course of the next 3
years.
Over 100,000 Opteva ATMs have been sold worldwide since 2003 and
include security features including awareness mirrors, various lighting
options,
a recessed keypad and display, privacy display filters and ink stain
technologies to render bank notes unusable. Diebold employs over 15,000,
operates in 90 countries and, reported a 2006 revenue of $2.9 billion.
VPBank
currently has 80 branches, will have 100 branches by 2008, and a gross
income of 140 billion VND.

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NCO Group Second Quarter Revenues Up 5%

PA-based NCO Group reported a net loss of $738,000 for the second quarter as overall revenue grew about 5% to $310.2 million. The BPO services firm said that there were challenges in its ARM division due to a more difficult than expected collection environment. NCO is organized into three operating divisions: Accounts Receivable Management, Customer Relationship Management and Portfolio Management. The CRM division was in-line with its revenue target and exceeded its profitability target, despite the adverse impact of foreign currency. During the second quarter, the Portfolio Management division exceeded its revenue and profitability targets due to the ramp up of newly acquired portfolios. For more details on NCO Group’s latest performance visit CardData ([www.carddata.com][1]).

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

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Underbanked/Unbanked to Embrace STV Cards

A new research report reveals that non-traditional financial services will reach $389 billion in fees and loans by 2011. The study by Packaged Facts projects that prepaid debit cards, the breakout product of the prepaid card segment, will lead the charge as the use of prepaid debit cards soars from $29.3 billion in 2007 to $200 billion in 2011. The research firm says non-traditional financial services market serves 28 million unbanked consumers, 44.7 million underbanked individuals, and 11 million unbanked illegal immigrants. Collectively, they earn $1.1 trillion in annual income and spend $12.6 billion on alternative financial transactions annually.

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Big Discrepancies in FICO and VantageScore

A new report suggests that credit bureaus deliberately mislead consumers into believing lenders use “VantageScore” when, in fact, mortgage lenders nationwide use FICO – and FICO alone. The research by Atlanta-based Espleez says all three primary credit bureaus save millions of dollars using “VantageScore” but fail to disclose the vast discrepancies between the two numeric scoring systems. During its research Espleez found that “VantageScore” rankings were notably greater than FICO scores, with one average “VantageScore” ranking 829, compared with the same individual’s FICO score of 672. FICO scores range between 300 and 850. “VantageScore” ranges from 501 to 990.

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