Western Union And Subsidiaries Convene On Issues

Regarding expansion opportunities and challenges, Western Union and its
subsidiaries discussed issues in Istanbul, Turkey recently. Represented by
nearly 450 agents, the subsidiaries addressed increased global economic
migration. This was important communication between the remittance provider
and the agents because they are the presentation of Western Union to
consumers. Western Union concluded the summit in addressing the importance
of customer awareness. Consumer-to-consumer money transfers generate over
60% of Western Union’s total revenue and has a network of more than 305,000
global Agent locations in more than 200 countries and territories.

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UATP Signs US Helicopter for Corp Cards

US Helicopter has joined the Universal Air Travel Plan network, making it the first helicopter service to accept all UATP corporate cards. US Helicopter offers the “Eight-Minute Shuttle Service” operates from 7 in the morning to 8 at night between Manhattan, JFK and Newark Liberty. US Helicopter operates 285 weekly flights to/from the Downtown Manhattan Heliport, Atlantic Metroport at East 34th Street, JFK International Airport and Newark Liberty International Airport, as well as service to/from Downtown Manhattan Heliport. US Helicopter provides scheduled, reliable, fast and affordable helicopter transportation designed to meet the needs of time-sensitive business travelers. UATP accounts are accepted as a form of payment for corporate business travel by airlines and travel agencies worldwide.

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COMMERCE HUBS

A new “Index,” developed by a panel of economists, has identified London as the top commerce hub in the world followed by New York, Tokyo, Chicago and Hong Kong. London offers a flexible operating environment for business, strong global financial connections and exceptionally high levels of international trade, travel and conferences. The MasterCard “Worldwide Centers of Commerce” program, which is designed to provide insights and knowledge on how leading cities influence the global economy, says that New York City, once considered the unchallenged financial capital of the world, cedes the “Financial Flow” category to London primarily because bond market regulations in New York affect the volume of listed sales. New York’s score is also impacted by the less stable US economy and the more volatile US dollar. Complementing the “Worldwide Centers of Commerce Index,” MasterCard also released the “Worldwide Centers of Commerce Insights” report titled, “The Dynamics of Global Cities and Global Commerce.” The report includes additional, in-depth expert commentary on the vital role cities play in connecting networks to enable global commerce and is available at mastercardworldwide.com. In the coming months, subsequent reports will be released as part of this initiative, including a growth index that measures the pace and scope of changes taking place within each city identified in
the “Centers of Commerce Index,” and an additional index that will identify and track emerging Centers of Commerce in the developing world.

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Chase Lands Texas Unemployment Card Deal

The Texas Workforce Commission has selected Chase to provide debit cards for unemployment insurance benefits. Chase will supply TWC with up to 290,000 VISA debit cards a year. The JPMC-TWC debit cards will be funded electronically through accounts created to hold the unemployment insurance benefits. Once activated, the card accounts will automatically receive the approved funds every two weeks. Claimants can also check their balances via a 24X7 toll-free number or via the Internet. There are more than 800 Chase ATMs in Texas.

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ACI Worldwide Extends Processing Agreement With JCB

ACI has announced that JCB, in addition to increasing card processing
capacity, has extended their processing contract for 5 years. Using ACI’s
“BASE24” software, JCB has migrated their payment system to function
in the United States and Japan. This software is also accommodating to the
company’s expected capacity growth. JCB has a merchant network of
14 million and spans 190 countries and territories. The company issues in
20 countries and territories, has over 59 million card members and
allegiance with 350 financial institutions. ACI processes payments for more
than 800 customers in 84 countries.

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Heartland Payment Systems CTO Steps Down

Heartland Payment Systems announced that CTO Brooks Terrell will be leaving to pursue other interests. In addition to his many accomplishments at Heartland, Brooks built a technology organization of talented innovators dedicated to operational excellence. Today, the team is focused on building new systems and functional enhancements that will support the business for the next 10 years and beyond. Heartland Payment Systems is a provider of credit/debit/prepaid card processing, payroll and payment solutions to more than 150,000 small and mid-sized businesses nationwide.

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Esprit Teams With IEXPay

Esprit and International Express Payments Co (IEXPay) have recently
been in discussions regarding interest in the company’s services. There
have been suggestions of IEXPay’s interest in “Cash Now Worldwide
EFT+”, a clearing service, on a pilot project basis. This provides
check clearing, rather than in a number of weeks, in 3-4 business days.
Initial analysis suggest the revenue potential from this service alone
could
reach USD $12 – $15 million. Because of traditional practice, the name
of potential bank clients are not being released until the results of
the pilot
project are evaluated. Esprit offers a variety of online financial services.

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PayPass Comes to Major Airport Parking

The leader in large airport parking systems announced that its airport parking applications in North America will begin accepting “MasterCard PayPass” contactless payments. Affiliated Computer Services has more than 20 current installations at the nation’s top airports. PayPass readers are anticipated to be installed in four to six airport sites by the end of this year. ACS’ airport revenue control solutions will continue to accept traditional magnetic-stripe payment cards along with this contactless payment technology and will continue to work with all payment card providers. As of March 31st, there are over 14 million “PayPass” cards and devices in the market, and “PayPass” is currently accepted globally at 51,000 merchant locations.

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STAR-ACHATS to Distribute BankServ Software

STAR-ACHATS has inked agreements to distribute BankServ’s
“TurboSwift” international payment software. The software is used by
hundreds of banks in nearly 50 countries and settles cross-border
transactions on the SWIFT Network. The solution automates data-entry,
routing functions for international payment messages, and lets remote bank
branches initiate payments through a central server. BankServ has been
developing electronic payments technology for banks since 1996.

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TNB Picks-Up Four More CU Portfolios

TNB has purchased four more credit card portfolios, netting . more than $3.7 million in outstanding balances. They include APEX Community FCU of Stowe, PA; NorthRidge Community Credit Union of Hoyt Lakes, MN; West Virginia Central Credit Union of Parkersburg, WV; and Westminster FCU of Westminster, CO. Apex Community Credit Union has assets of $34 million. NorthRidge Community Credit Union has assets of $34.5 million, serving 6,190 credit union members and CUSO clients. West Virginia Central Credit Union has more than $57 million in assets and 16,000 members.

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VASCO Introduces a Speaking Card Reader

VASCO Data Security has introduced the “Digipass 840 Comfort Voice”
(Digipass 840 CV). The product was designed for the blind and visually
impaired. Utilizing a speech-based user interface, features of the card
reader include, speech based feedback of entered data and selected
functions,
an e-signature and one-time password functionality, the use of built-in
speaker
or headset and large display and keypad. “Digipass 840 CV” also supports
EMV-CAP, VISA dynamic password authentication 1.1, German
Sm@rt TAN, and Belgian eID Card authentication. VASCO has a customer
base of over 4,800 companies in more than 100 countries, including nearly
750 international financial institutions.

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BofA Goes Big on MLB All-Star Week

Bank of America has announced a month long campaign to get fans close to the action during 2007 All-Star Week in San Francisco. In the month leading up to the All-Star Game, Bank of America will support a series of activities and special events. They include: “Bank of America All-Star Opportunity Tuesday. San Francisco area residents can take part in the Bank of America “All-Star Opportunity Tuesday” program at eight select banking centers. Fans that open a new Bank of America checking account will receive two tickets to DHL All-Star FanFest. Fans over the age of 18 can also enter a random drawing for a chance to win a pair of tickets to MLB All-Star Week. BoA is partnering with Major League Baseball and the San Francisco Giants(R) to conduct a youth baseball clinic near AT&T Park on Thursday, July 5. Legendary former Major League Baseball players and All-Stars will provide instruction to dozens of young athletes. All youths in attendance will receive autographs from the MLB legends, a tour of AT&T Park and two tickets to DHL All-Star FanFest.

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