Eyesavigsplus Smart Card Gets a Boost

San Antonio-based SmartCard Marketing has acquired C.O.P.S. to boost its “Eyesavigsplus” smart card. This acquisitions combined with the consolidation of SmartCard sales from goods and services for 2007 are estimated for 2007 year end to reach $10,800,000 USD. SmartCard Marketing Systems is a provider of prepaid cards, value smart storage cards and optical management services.

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OFT EDUCATION

In response to recent research reflecting that consumers do not fully
understand the costs of having certain credit cards, the OFT has
introduced a program that clarifies policies to consumers. The program
is also being introduced citing a lack of consumer research on what
card best suits their needs. In conjunction with the credit card industry,
the OFT will conduct research over a period of 6 months concerning
various costs of credit cards including purchases, cash advances,
introductory offers and payment allocation.

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CONSUMER STUDY

Research conducted by the Nationwide Building Society has revealed
that 69% of credit card consumers do not know the order of their
payment allocation. Among those polled, 66% seek a card that allocates
repayments to the most expensive debt first, yet the average consumer
keeps the same credit card for six years, regardless of the order of
allocation. This factor is what costs consumers GBP 500 million each
year. Among the 69% who are unaware of the correct allocation,
18% thought the longest outstanding debt is paid off first, 12% thought
items with the highest interest are paid off first, 9% thought they get to
choose which items are paid off first, 4% thought the most recent items
are paid off first, and 26% simply did not know.

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DATACARD & ACONITE

To offer customers EMV migration, pre-paid card solutions, and
enterprise card management, Datacard Group and Aconite
Technology have announced a partnership. The solutions of the new
partnership are designed for streamlined integration with companies’
existing host systems. Existing solutions to be combined include
Datacard® Affina® Issuance and Affina® Enterprise software solutions
and Aconite’s EMV Script Processor (ESP), EMV Transaction Enabler
(TRxE) and Pre-Paid Value Manager (PPVM). Datacard Group serves
customers in more than 120 countries while Aconite offers smart card
technologies.

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MEPS & ACI

The Malaysian Electronic Payment System (1997) Sdn Bhd (MEPS)
has extended its relationship with ACI Worldwide through the completion
of “BASE24 Release 6” software upgrade for electronic payments. The
completion of the software upgrade will allow MEPS to provide cross-
border ATM services and meet compliance with the ATM and e-Debit
switching network. ACI Worldwide currently serves more than 800
customers in 84 countries. MEPS provides shared banking services for
networks, electronic cash payments, such as e-Debit, and has partnerships
with switching networks in the ASEAN countries.

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BMO TRAVEL MASTERCARD

BMO Bank of Montreal has launched a prepaid general purpose travel card. The “Prepaid Travel Mosaik MasterCard” is targeting Canadian travelers looking for an alternative to travelers cheques.
The new card is personalized with the cardholder’s name and comes with
the extended warranty and purchase protection insurance. In addition,
the “Prepaid Travel Mosaik MasterCard” provides cardholders the
opportunity to earn one “AIR MILE” reward for every $40 spent on
the card at no additional fee. To promote the new card, BMO Bank of
Montreal is holding a “Purchase, Load & Win” contest with a grand prize
of 50,000 AIR MILES reward miles and $1,000 loaded onto the winner’s
Prepaid Travel Mosaik MasterCard. Cardholders will automatically receive
one contest entry each time their card is loaded with $500 or more thru
August 31st.

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TANGARINE & PEOPLES TRUST

Tangarine has signed agreements with Peoples Trust stipulating the sale
of prepaid Mastercards. Tangarine will be selling the prepaid cards under
the name of “HorizonPlus.” This is in response to the recent termination
of Tangarine’s previous prepaid Mastercard, “MyCard.” “MyCard”
customers will be reissued the “HorizonPlus” card at no additional cost.
Tangarine operates over 8,800 point of sale terminals across Canada
divided between wired (75%) and wireless (25%) terminals.

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MasterCard Embraces Microsoft’s Startup Center

Microsoft has joined with MasterCard Worldwide, FedEx Corporate Services and Bank of America Corp for Microsoft’s “Startup Center”, a business tool for entrepreneurs. An extension of Microsoft’s Small Business Center Web site, “StartUp Center” provides comprehensive advice that people can use to take action to turn a business idea into a legitimate launch. MasterCard Worldwide will provide Startup Center users with access to flexible cash-flow management solutions, business intelligence, and special programs and services. The MasterCard Find-a-Card tool is also available on the Startup Center to provide entrepreneurs with easy access to cash-flow management solutions.

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PRESTO CARD

The Presto smart card is soon to be introduced in the Greater Toronto Area
(GTA) replacing tickets, transfers and passes. With the same dimensions of
a credit card, the Presto’s smart card technology calculates fares for easy
collection. The fare card is pre-paid by the commuter and charged through
card readers on buses, trains, and stations. Trial introductions are being
implemented in July 2007 in the western GTA with implementation across
the entire region expected by 2010.

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EnXnet Multimedia Gift Card Set to Launch

EnXnet has successfully produced their first production units of the “Multimedia Gift Card”. Utilizing EnXnet’s ThinDisc technology, gift cards can now be fully interactive. The cards can provide detailed product information including new features and services, Internet connectivity, special online promotions, printable coupons and many other special features. The forecast for 2007 gift card sales is over $90 billion, with 2008 sales anticipated to be in the range of $150 billion.

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OMNIKEY & TELETRUST

OMNIKEY has joined the TeleTrust Association for the promotion of
consumer trust in information and communication technology. Composed
of 90 different members, with various fields of expertise, TeleTrust pools
resources for the development of secure applications. OMNIKEY brings
to the association expertise in secure identification with smartcard readers
mostly for online banking, e-commerce, and health cards. Considering that
OMNIKEY, an Assa Abloy ITG company, is 1 of the 3 leading vendors
of smartcards, experts project the company will be a significant addition
to the association.

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Newtek & Discover Seal an Acquiring Deal

Newtek Business Services has entered into a merchant acquiring agreement with Discover Financial Services. The agreement will allow Newtek Electronic Payment Processing to offer an integrated payment card processing package that includes Discover Network card acceptance to all of its customers. Newtek will have full responsibility for pricing, processing, settlement, risk management and customer service for the customer accounts. Newtek provides small business access to financial, management and technological support services.

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