Cash Systems’ powercash Gains More Traction

Las Vegas-based payment specialist Cash Systems announced another multi year contract for “powercash” with the Fantasy Springs Resort Casino. “powercash” is the first product of the Company’s joint venture with Bally Technologies and Scotch Twist. With the “powercash” patented technology enrolled patrons have access funds from their desired credit, debit or checking accounts while sitting at the gaming device. Players are able to request funds from the designated financial account, transfer those funds into their player’s club account and then transfer down to the gaming device the amount of money that they want to use. Additionally, “powercash” is the first product that has the ability to touch every aspect of the casino resort facilities through the Company’s suite of products such as “tablecash” and “play-n-shop.” Patrons can use their player’s club card to make purchases in the retail shops, restaurants, spa, hotel, golf and any of the entertainment facilities offered by a casino resort property.

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Japan’s JCB/JCBI Names a New Top Executive

Japan’s JCB has named Tamio Takakura, Deputy President since 2002, as its new President and CEO. Takakura succeeds Hiroya Nobuhara who had served as JCB’s President and CEO for the past 4 years. JCB International also announced management changes as Takakura will succeed Nobuhara as Chairman and CEO of JCBI. Kenji Seto, formerly Senior Deputy President, has become President and COO. Kunio Yoshizawa, who held the position of President and COO of JCBI for the past 4 years, is retiring after 13 years. JCB’s merchant network includes 13.5 million merchants and spans 190 countries and territories. JCB cards are now issued in 20 countries and territories, with more than 55.75 million cardholders.

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EXPERIAN & SERASA

From a consortium of Brazilian banks, Experian has acquired a 65%
stake in Serasa Credit Bureau for 1.2 billion USD. Serasa sales have
grown at a rate of over 20% per annum for the past two years, has
a database of 161 million Brazilian consumer records and 5
million Brazilian company records. The Brazilian credit bureau has a
60% market share and will consolidate Experian’s position in Credit
Services, who will control three of the top five credit bureaus
worldwide with this development. The company has over 110,000
clients, 2,200 employees, and operates across more than 80 locations.

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PAYBYCASH & CASHU

PayByCash is now accepting customer payments through cashU
Internet payment cards. PayBycash has nearly 70 payment providers,
acceptance around the world, and serves merchants in 230 countries.
CashU will provide for PayByCash a platform on which to operate
that offers fraud prevention. CashU is an internet payment solution with
operations in 28 Middle Eastern countries that allows for online payment
and funds transfer on a secure network.

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RETAIL BANKING RESEARCH

Retail Banking Research has found that ATM use and deployment is up in
Central and Eastern Europe. The number of ATMs deployed is fast
approaching 90,000 with the most growth in Russia and the Ukraine.
Among these new ATMs, 59% are installed off-site, reflect an average
withdrawal of 90 euro, and nearly 25% utilize outsourced cash
replenishment. Findings also include that the most common manufacturer
of ATMs is NCR with 44% of the market share, followed by Wincor Nixdorf
with 30% of the market. Among operating systems, 71% use Windows XP,
replacing the NT operating system as the preferred system. RBR is a
research and consulting firm with nearly 30 years experience in retail
banking,
banking automation and payment systems.

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BANKING STUDY

One-hundred and fifty-two banking executives representing organizations
from around the world participated in a study commissioned by First Data
International. The study was meant to gain insight from national and
foreign
banking and retail and payment services executives regarding experience
with conducting business in China. Also, First Data was attempting to
identify
and understand challenges and opportunities for organizations that are
currently
considering the China Market. It found Executives’ attitudes toward the
Chinese
payments market are optimistic about the prospects for electronic payments
in China. Eighty-five percent of respondents, for example, believe
prospects
for credit cards are either highly or somewhat promising. Additional
findings
show that 83% believe infrastructure is key to card market growth, merchant
acquisition is among the most significant challenges, and consumer
education is
a priority.

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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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