Triton Selects MorphisSC Platform

ATM manufacturer Triton selected “MorphisSC” as the software platform for its worldwide technical support and services organization. MorphisSC provides real-time management of remote Help Desk facilities and field service organization functions. Triton will also be using the system to maintain up-to-date asset, owner and location information. Morphis data mining capabilities will enable Triton to analyze and more closely monitor service metrics using a variety of parameters. Every technical support call from field technicians will be recorded, building a historical service record, which will allow Triton to better analyze service performance and provide a higher level of support. Morphis is a supplier of currency supply chain management software. Triton is a provider of off-premise ATMs and ATM management software.

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British Break Record In Charity Donations

From the period of January to April of 2005, APACS plastic card
statistics have revealed that a record-breaking GBP 373.7 million have been
donated in Briton. This figure is GBP 200 million over the net total
donated in
the same period of the previous year and included donations to
political, social
and religious organizations on debit and credit cards. Experts credit
this leap in
donations on cards to sums raised by the central of Disasters Emergency
Committee following the Tsunami and Comic Relief’s “Red Nose Day”.

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ING & ANZ Introduce Pension Access Solution

ING & ANZ have combined resources to offer retirees access to pension
funds. In doing so, the institutions are combining pension with an
integrated
cash management account and granting access to the funds through ATMs,
branches, and Internet banking. The combining of resources consists of
ING’s
“OneAnswer” pension product offering ANZ “Prime Cash Management”
account as an investment option and providing access to funds. “OneAnswer”
provides over 70 investment options from ING and gives customers the
ability to shift funds between all the investment options.

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Federal Preemption on Data Security

The National Retail Federation says any new federal law on the national data breach notification standard should have strong preemption and recognize the fact that retailers usually do not possess the private consumer data needed to commit identity theft. Legislation on data security should take into account both the type of data held by different businesses — not imposing the same requirements on retailers, for example, as on financial institutions, which hold a full array of personal data — and also their size. Similarly, extending data security laws to paper documents is unnecessary because would-be identity thieves are not likely to steal large quantities of paper documents when they can more easily acquire the data electronically. Legislation requiring retailers who suffer a data breach to reimburse banks for the cost of reissuing credit cards is not needed because merchants’ contracts with credit card companies and banks already require the party responsible for a data breach to cover associated costs.

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McLuskie Leaves the MasterCard Board

MasterCard announced that Norman McLuskie, Class M Director and former Chairman, Retail Direct of The Royal Bank of Scotland Group, has concluded his service as a member of the Board of Directors. McLuskie served as a MasterCard director since 2000. Class A stockholders also reelected Class A Directors Nancy Karch, Director Emeritus, McKinsey & Company, and Edward Suning Tian, Chairman, China Broadband Capital Partners. Stockholders also approved the conversion of up to 13.4 million shares of Class B common stock into Class A common stock, and repurchase of up to $500 million of Class A common stock in open-market transactions. MasterCard’s Board of Directors also declared a cash dividend of $0.15 per share, payable on August 10th, to holders of record of its Class A common stock and Class B common stock as of July 3rd.

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Consumer Confidence Weakens in June

After a one-month rebound consumer confidence slumped in June as respondents expressed less confidence about their current situation and are only mildly optimistic about their future prospects. Rising mortgage rates, $3+ gasoline prices and weakening equity prices are contributing factors. The “RBC CASH Index” plummeted to 81.4 for June, well below May’s 87.1 level. Americans’ ratings of their current personal finances dropped in June, with 23% saying their personal finances are “strong,” down from 31% in May. By comparison, 27% of consumers rate their personal finances as “weak.” In addition, consumers said they were less comfortable making major purchases, such as a home or a car. The “RBC CASH Index” is a monthly national survey of consumer attitudes on the current and future state of local economies, personal finance situations, savings and confidence to make large investments. The “Index” is composed of four sub-indices: “RBC Current Conditions Index;” “RBC Expectations Index;” “RBC Investment Index;” and “RBC Jobs Index.”

RBC INDEX HISTORICAL
Jun 06: 84.1
Jul 06: 80.1
Aug 06: 74.8
Sep 06: 93.7
Oct 06: 83.1
Nov 06: 92.4
Dec 06: 86.9
Jan 07: 95.3
Feb 07: 103.0
Mar 07: 92.3
Apr 07: 85.4
May 07: 87.1
Jun 07: 81.4
Source: RBC Financial Group

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Record Monthly Check Image Items in May

SVPCO – Electronic Clearing Services reports that the monthly average check items and dollar value reached all-time highs in May.217.9 million in total monthly items, a 328% increase compared to a year ago, $392.7 billion in total monthly dollar value, a 158% increase compared to a year ago; 9.9 million in daily average items, an increase of 7.2% from April 2007. The Federal Reserve’s volume increased 22.9% to 39.5 million images from April 2007; The Bank of New York connected to the SVPCO Image Payments Network. In May 2006, daily average items were 2.3 million, total monthly items were 50.8 million and monthly dollar volume was $151.8 billion. Through May, participating institutions in the SVPCO Image Payments Network were Bank of America, The Bank of New York, BB&T, Comerica Bank, Fifth Third Bank, First Citizens Bank, HSBC Bank, Huntington National Bank, JPMorgan Chase Bank, KeyBank, LaSalle Bank, M&T Bank, National City Bank, PNC Bank, Sterling National Bank, Union Bank of California, U.S. Bank, Wachovia Bank, and Wells Fargo Bank. Through its relationship with the Federal Reserve and Endpoint Exchange, the Image Payments Network can reach more than 10,000 endpoints and help financial institutions of all sizes take advantage of image exchange.

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GSA SmartPay 2 Selects Participants

U.S. Bank Government Services has become one of four issuers selected to participate in the GSA “SmartPay 2” program for commercial charge cards and related payment services. U.S. Bank has served federal agencies since the inception of the purchase card program in 1986. It was the sole provider of purchase cards during the “I.M.P.A.C.” program from 1988 to 1998, and is one of several providers participating in the first “GSA SmartPay” program, which ends in 2008. U.S. Bank says it will offer travel, purchasing, fleet, and integrated payment products, as well as technologies such as its “Access Online” program management tool and “PowerTrack,” an electronic invoice payment and presentment tool used by the DoD and other government agencies.

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Cellular South WirelessWallet Launches

Cellular South has launched the first-ever multi-city consumer trial of its “WirelessWallet” service in Memphis and Jackson, MS is also the first mobile wallet trial in the country to engage multiple retailers within a community. More than 75 Cellular South customer participants will test the technology at nearly 50 retail locations. The technology uses a handset from Kyocera Wireless. ViVOtech is providing the payment software that resides on the handset. Mpact is providing trial development and management services, reader deployment and NFC content and delivery services. USA Technologies is developing a contactless wireless reader designed for vending machines and other self-service point of sales applications. The wireless device acts as a digital credit card that allows Cellular South customers to make payments and purchases by simply tapping it against a NFC-enabled wireless reader. The company plans to complete the trial by August, with an anticipated widespread consumer roll-out in early 2008.

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Most Consumers Would Chuck Credit Cards

A new survey has found that 62% of consumers would give up their credit cards, as long as they could retain their debit card. The Greenfield Online poll as found that 14% of respondents indicated they have five or more credit cards. In addition, 18% of those who own five or more credit cards earn less than $25,000 per year. About 22% indicated they have two credit cards. A total of 27% of respondents either don’t have a credit at all or only possess a debit card. The survey involved about 1,000 consumers.

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FiSCA Signs-Up 63K for NetSpend Card

Financial Services Centers of America reports that more than 63,000 of its customers have opened savings accounts and deposited more than $35 million through the “NetSpend National Saving Program” which offers an interest-bearing, federally-insured savings account linked to a NetSpend prepaid VISA/MasterCard debit card. Through the National Savings Program, people can easily transfer money back and forth between their debit card and their savings account – at no cost. The savings account is FDIC-insured, and pays 3% interest – significantly higher than most banks or credit unions are offering today. There is no minimum balance requirement and no cost to open or maintain the savings account. The NetSpend National Savings Program is available to consumers exclusively through FiSCA-member locations where a wide array of other financial services are also available, such as check cashing, money transfers, money wiring and bill payment. FiSCA, founded in 1987, is the national trade association for more than 6,500 individual financial service centers across the United States. NetSpend Corporation is a provider of innovative, accessible prepaid debit cards that enable financial freedom and growth for self-banked consumers.

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