PRECEDIA & GPN

Precedia Technologies’ POSLynx220 payment router has received Class B
certification allowing the integration with existing POS devices. This
will also
introduce the company’s payment engine, “TranNet,” to Global Payments
processing clients. “TransNet” seperates the payment function to
POSLynx220 and is ideal for PC-based systems to secure transactions.
Certified by Global Payments, POSLynx220 provides connectivity to a range
of POS equipment and IP payment options for merchants processing to
Global Payments. Precedia Technologies has customers in 85 countries.

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UATP Adds PayPal Option for SWA Tickets

UATP is helping to enable PayPal payments for online airline ticket purchases with the addition of Southwest Airlines. Through the UATP network of over 220 airlines around the globe, PayPal is able to use the network to connect to the airlines and process payments. Making payments by PayPal is easy; consumers can choose PayPal as a payment method and conduct what they see as a normal PayPal transaction. Airlines will process the payment like a UATP transaction through the existing network. UATP accounts are accepted as a form of payment for corporate business travel by airlines and travel agencies worldwide.

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Western European ATMs Expand 4.4% in 2006

GE reported that revenues for its Consumer Finance unit, now known as GE Money, climbed 17% in the second quarter to $6.1 billion. However, profits grew by 8% to $952 million, compared to one-year ago, despite a loss at its U.S. mortgage business, WMC. GE made the decision to exit this business and substantially reduced its exposure by selling $3.7 billion of WMC loans in the quarter. During the second quarter,
GE Money has signed a deal to be the exclusive issuer of the “Lowe’s Platinum VISA” credit card and to continue providing private label and co-branded credit programs for Lowe’s Companies; Ohio-based The Andersons retail stores and GE Money have signed an agreement to extend its 10 year relationship with the “Andersons Credit Card” consumer financing program; GE Money and eBay announced plans to launch an “eBay MasterCard” in June; and the new Wal-Mart “MoneyCard” is being launched nationally with GE Money. For complete details on GE’s second quarter performance, visit CardData (www.carddata.com). (CF Library 5/2/07; 5/22/07; 6/15/07; 6/20/07)

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VeriFone Boots an EVP Over Ethics

VeriFone yesterday confirmed has terminated the employment of William Atkinson, EVP, effective immediately. VF says information discovered by management shows that Atkinson had been soliciting VeriFone employees to join a competitor. Douglas Bergeron, Chairman and CEO will oversee Atkinson’s reporting responsibilities. The Company says it is not aware of any successful solicitations of current employees, nor is the company aware of any facts suggesting that Atkinson will be successful in joining a competitor.

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CEB & KALIGNITE

China Everbright Bank(CEB) has completed its deployment of Kalignite
multi-vendor ATMs. Using multi-vendor ATM software allows the bank
a wider range of ATM hardware for its 1250 ATMs now running
Windows XP and Kalignite. CEB will have deployed 250 additional
Kalignite ATMs for its 17 different models by the end 2007. The ATM
software provider is based out of Scotland and has partners and
customers in over 80 countries. CEB has 370 branches in 36 cities
throughout 23 provinces.

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CUP TELEPHONE POS

China UnionPay is planning to launch 100,000 telephone-integrating POS
terminals on its fixed line telephone payment system. Founded by over 80
Chinese financial institutions, China UnionPay has signed agreements with
China Telecom to provide the POS telephone solution. The solution is
designed to allow users to make electronic payments, pay credit card
bills,
transfer money, pay utility bills and purchase air tickets by swiping
his or her
bankcard through the phone.

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CITI & BANCO DE CHILE

Citi and Quinenco have signed agreements giving Citi the option
to acquire up to 50% of LQIF holding company over the next 3 years,
following the initial acquisition of 32.96%. LQIF is the holding company
through which Quinenco controls Banco de Chile and will have an
interest in the bank of 37.8% after the 3 year period. The agreement also
stipulates that Citi and Banco de Chile will combine operations for a
20% market share of the Chilean banking industry, similar to that of
Banamex in Mexico. Citi Chile, valued at $701 million, will contribute
$192 million worth of assets and will be combined with Banco de Chile
for investment valued at $893 million. Citi is also given the option to
acquire
an additional 17.04% stake in LQIF for approximately $900 million. Banco
de Chile is the second-largest bank in Chile with 18% market share in loan
originations and 18% in bank deposits. The bank has assets of more than
$23.9 billion, loans of $17.9 billion and deposits of $15.0 billion and
generated earnings of $365 million in 2006. Banco de Chile has over
1,000,000
customers through its network of 293 branches and 1,456 ATMs. Citi Chile
has 4,000 employees, 106 branches and is currently the 10th largest bank in
the country. It has approximately $3.47 billion in assets and $1.93
billion in
deposits and $1.94 billion in loans.

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INGENICO & PLANET

Ingenico payment solutions has agreed to acquire the Turkish distributor,
PLANET, for 26 million euro, 20 million euro in cash and 6 million euro
in company shares, for the expansion of its payment applications
market in the region. Current Turkish Ingenico offerings include rental of
terminals, repair and maintenance and transactions pre-processing.
PLANET has forecasted 07 revenue of 27 million euro and an
operating profit of approximately EUR2.7 million.

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TNS Acquires Dialect Payment Technologies

Expanding its European merchant network, UATP has added Flybe to the
growing list. UATP will provide Flybe with merchant payments for regional
travel to fit the company’s low-airfare model. Flybe offers travelers
152 routes
across 34 European destinations. and has products such as “Business
Express”, offering Flybe’s “Business Express ticket book”, a discounted
book
of 20 or 40 single sector Economy Plus tickets. This year so far, Flybe has
introduced 11 new routes to destinations such as Frankfurt, Rennes,
Paris, Isle
of Man and Bergerac. UATP offers accounts that are accepted as a form of
payment for business travel by airlines and travel agencies worldwide.

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China Postal Bank Expands Euronet ATM Deal

Ingenico has appointed Phillipe Lazare to CEO bringing with him
business management experience in integration, logistics and
cost control. Lazare has been a member of the board of Ingenico since
February 2005 and has experience in industries such as the automotive,
avionics, international airline services, and leisure and property sectors.
Previously, he was Deputy Managing Director, member of the Executive
Committee, General Manager of retail operations and Chairman of the
French postal services company, Groupe la Poste. He was also CEO of
Groupe la Postes’ real estate subsidiary, Poste Immo. Prior to that,
Lazare was Deputy Managing Director at Air France in charge of the
Industrial Logistics division, and he was the Chairman of SERVAIR, the
group’s catering, cleaning, and airport services subsidiary. Before these
positions, he was a manager at Sextant Avionics, part of Groupe Thales,
and Groupe PSA.

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TIM HORTON’S & CHASE BANK

Tim Horton’s customers can now pay with their MasterCard and
MasterCard “PayPass” with the newly introduced Chase Paymentech
at 2,200 Canadian locations. This development is in response to
research indicating that almost half of adults carry $20 or less in their
wallet and that 86% want more cashless transactions. Tim Horton’s
has 2,724 restaurants in Canada and 340 in the United States. Chase
Paymentech is a payment processor and a single source for debit and
all major credit cards. It also provides payment solutions such as point-
of-sale and wireless terminals, electronic gift card programs and secure
e-commerce capabilities.

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BMO Mosaik MasterCard Powers Donations

Providing an overview of the progress of EMV migration for individual
regions, The Mercator Advisory Group has released research reports
detailing the status in Europe, Asia Pacific, and Latin America. Also
examined in the report are the details of the quality in the security
upgrade
from the vulnerable magnetic stripe payment cards to the more secure
microprocessor-based smart cards in the regions. With over 2.53 billion
electronic payment cards in use around the world, security from thieves
and fraudulent transactions is a significant problem and EMV migration is
important to protect these vulnerabilities.

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