Worklight Launches New Software

Worklight has introduced new server-based software granting
customers access to account and transaction information through
common technology. Information such as account balances and
investment opportunities can be accessed through personalized home
pages and RSS. The Worklight software offers customers a way to
monitor account activity and banks a marketing tool
for new customer acquisition and maintaining existing ones. The
service will be offered to banks through annual subscriptions and
supports pages including iGoogle, Windows Live and Netvibes, as
well as desktop gadget frameworks, such as Windows Vista Sidebar
Gadgets, Apple Dashboard and Yahoo! Widgets.

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ACI Deploys BASE24 Software

To facilitate the PARTnership for European Card Information System
(Partecis), ACI Worldwide will be implementing BASE24-eps software.
Partecis supports international transactions as a uniform, multilingual,
multi-format payment offering and will compliment Single European
Payments Area (SEPA), improving efficiency of cross border payments.
The Partecis system is positioned to exploit efficiencies and economies
of scale generated by SEPA across Europe. BASE24-eps is an integrated
software solution to acquire, authenticate, route, switch and authorize
payments across multiple channels.Partecis is a unified transaction and
payment platform jointly developed and owned by BNP Paribas and
Natixis Paiements. ACI serves more than 800 businesses in 84 countries.

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Laurentian Bank Renews its First Data Agreement

First Data International will be extending its credit card processing
agreement
with Laurentian Bank of Canada. Laurentian Bank of Canada has been in
agreements with First Data since 2000, has more than 3,200 employees, 158
bank branches, 29 commercial banking centers and 14 brokerage offices. The
bank has over $17 billion in assets and close to $15 billion in assets
under
administration and employs more than 3,200 people. First Data Serves over 5
million merchant locations, 1,900 card issuers and their customers.

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UIC680 Contactless Card Reader Module Introduced

Recently introduced by UIC, the “UIC680” is a contactless card reader that
is designed for integration with various applications. This integration
allows for
the conversion of traditional card readers to a reader with contactless
capability.
The “UIC680” is compact, can be mounted in various places, and has both
USB and RS232 ports with data pass-thru capabilities. The device is
certified
by MasterCard “PayPass”, Visa “Contactless MSD”, and American Express
“ExpressPay”. The Discover “Network Zip” certification is in process.

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GlobalCollect Introduces Online Payment

GlobalCollect has introduced a new payment platform designed for online
merchants who accept bank payments from Southeast Asia. The new
solution, “WebCollect”, uses virtual account numbers for reference to
every,
individual order for efficient and secure payment matching. This eliminates
difficulties encountered by merchants when payments made by consumers
without use of the given reference numbers cannot be automatically
matched, making it a time-consuming and difficult manual process to
complete the payment process’s full circle to fund remittance. The payment
platform offers a range of local payment methods and currencies in over
200 countries for cards, bank transfers and checks.

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DEBIT CARDS

Since Barclays introduced the debit card in 1987, APACS has released
a report highlighting the 20-year history and the way the card has
influenced
consumers and spending habits. The report reflects that there are 41
million
debit card holders in the UK today compared with 27.8 million in 1996.
Also, there are 68 million debit cards in circulation today, compared
with just 19 million debit cards in 1990, and Britons made 4.5 billion
purchases in 2006 and spent GBP 194.9 billion on their debit cards.
Furthermore, in 2006, each debit card holder used it 166 times on average
and by 2016, spending on debit cards will have doubled to over £400
billion. APACS also predicts that by 2011 personal spending on
debit cards will have overtaken cash.

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JCB Cards Announces New Slogan

JCB Cards has announced that “Good Times Start Here” will be the company’s new brand slogan, as part of its new global branding strategy. The new JCB logo, announced in February, will also start appearing at selected JCB acceptance merchant locations worldwide. JCB cards are issued in 20 countries and territories and are supported by a network of millions of merchants in 190 countries and territories. The company has over 350 partners and 59 million cardholders.

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Experian Introduces Risk Report

Experian has released a new online commercial report called the “Risk
Report” reflecting consumer usability and experience. Also introduced
is “The Risk Dashboard” to provide access to real-time corporate
data in a single one page view summarizing fundamental, key risk
information essential for making fast, business-critical credit risk
decisions.
Information includes the risk score and credit limit assigned
against the particular company being checked, payment information on how
quickly the company pays its bills, CCJ information, and whether there
are any alerts against the company. These alerts highlight any potential
cause of concern that may need to be investigated further, including a
change in company name, director disqualification or serial director
failure.

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Voca Says Net Pay Drops

The Voca take home pay index, with the Center for Economics and
Business Research(cebr), has demonstrated the growth in take home
pay fell to 3% in May from 3.6% in April. This is the lowest rate of
growth since December 2006 and indicates wage inflation is lacking
and is consisted with the decline in wage growth over the previous 5
months. Voca and Cebr cite the cost of living as continuing to outstrip
the growth in pay, an increasing reliance on the equity in property
values and credit cards to support consumer spending. Voca processes
more than 90% of UK salaries, 70% of household bills and the majority
of state benefits. The organization also processes 15% of all European
bank-to-bank payments. Cebr conducts business and public interest
research.

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PTT Bank Orders 500K Sagem Orga EMV Cards

Sagem Orga has announced that PTT Bank has recently placed an order
for 500,000 “EMV Plus Y smart cards” for the personalization of their
cards.
The personalization process at PTT Bank is designed to support CPS-
compliant EMV-based smart cards and migrating from magnetic stripe cards
is the current challenge. Sagem Orga GmbH offers customized EMV migration
solutions and an extensive EMV portfolio, with the focus on aspects such as
cost-effectiveness, security, infrastructure, technology and market
rollout.

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Equens & Seceti To Collaborate On SEPA

Payment processors Equens N.V. and Seceti S.p.A. have
agreed on a collaboration to clear SEPA “Cross Community” payments,
allowing them to offer banks an alternative for clearing with other banks.
The partnership will act as single point of entry for the list of Equens’s
clients, including several European banks such as ABN AMRO. This
allows reachability and interoperability to compliment and coincide
with the introduction of SEPA. Equens has an annual volume of 7 billion
transactions and 1.9 billion switched POS and ATM transactions, with a
market share in the euro zone of over 10%. Seceti S.p.A links over
8,000 ATM machines throughout Italy and, in the POS field, processes
for more than 230,000 terminals.

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