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.

Details

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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I2C EXEC

i2c has appointed MaryAnn Allison as Director of Operations, bringing
with her experience in the field of payment systems and technology. First
having joined the field in the computer room at JCPenny, Allison
eventually began writing assembly programs for VTAM Network. She
went onto manage product development and marketing for Computer
Associates and then to VisaNet member implementation at Visa
International, mostly for Palm Desert National Bank. i2c card processing
was established in 1987, has over 250 employees, and 5 Sales and
Support offices worldwide. The processor has Clients in North America,
Latin America, Middle East, Asia Pacific and Europe.

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RBC Cash Index Rebounds in August

U.S. consumer confidence rebounded in August as the “RBC CASH Index” hit 89.3, more than 13 points above July’s level, its highest level since March. Overall consumer sentiment shows a reduction in consumer pessimism after increasing negativity in June and July. In addition to the overall increase in consumer confidence, strong gains were made across all facets of consumer sentiment, including assessments of current conditions, expectations for the future, investing and job security. The improving sentiment comes in spite of a volatile stock market that has Wall Street calling for the Federal Reserve to calm investors, concerns about credit, recent increases in the jobless rate and lackluster July retail sales. The “Index” is composed of four sub-indices: “RBC Current Conditions Index;” “RBC Expectations Index;” “RBC Investment Index;” and the “RBC Jobs Index.”

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Cash Remittances to Mexico Decline

A survey released by the Inter-American Development Bank’s Multilateral Investment Fund indicates a decrease in the first half of 2007 from 71% last year to 64% of Mexicans who regularly make remittances to their homeland from the US. The drop helps explain why, after years of double-digit growth, remittances to Mexico were essentially flat during the first half of 2007 ($11.5 billion) against the same period of last year ($11.4 billion), according to Mexican central bank data. The drop was the steepest in states where Latin American immigration is most recent, like Georgia, North Carolina or Pennsylvania. In âœnew destination❠states the percentage plunged to 56% this year from an average 80% in 2006. States that have long had large Hispanic communities, such as California, Texas, Florida and New York, have not seen similar falls. In âœtraditional destination❠states the percentage of Mexicans who regularly send money home slipped to 66% from 68% over the same period. The flattening of remittances flows to Mexico contrasts with the continued growth of money transfers to Central American countries. Remittances to El Salvador, Guatemala and Honduras rose by an average 11% during the first half of 2007, compared with the same period last year. The MIF, an autonomous fund administered by the IDB, fosters private sector development in Latin America and the Caribbean, with an emphasis on microenterprises and small businesses.

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LML 2Q/07

LML payment Systems Inc has reported a total revenue of $ 1.8 million for
Q207, a near 17% increase since the same period in 2006. With this
increase, the company also saw a 23.1% drop in cost of operations and a
12.5% drop in general and administrative expenses. The company, however,
incurred a net loss of approximately $248,000 for the quarter, compared to
$184,000 in same period for 2006. This net loss was attributed to
non-recurring revenue from settlement and license agreements. These
developments are in conjunction with the recent acquisition of Beanstream
Internet Commerce inc., which had revenues of approximately $4.3 million
and pre-tax net income of $1.6 million. LML provides financial payment
processing solutions, such as card processing and EFT, for e-commerce and
traditional businesses.

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