Emirates To Use MasterCard MiGS

Mastercard Worldwide has announced that Emirates International
Airlines will be using “Mastercard Gateway Service”(MiGS) as a
secure payment platform to provide online ticketing and payments.
“MiGS” provides a single payments interface for multiple payment
instruments and handles multi-currency processing, supports
multi-country operations and includes fraud protection. For Emirates,
the solution also will reduce processing complexity and provide
payment solution in several markets. “MiGS” processes close to 50
million transactions per year. The Emirates Airline has experienced
over 20% per annum average growth, carried 17.5 million passengers
in the 2006-07 financial year and declared a US $844 million profit.

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Esprit Prepaid MC Signs a Cruise Line

Las Vegas-based Esprit Financial Group has signed its first credit card branded stored-value debit card program as a payroll card for a major cruise line’s employees on an international basis. Esprit, in conjunction with its strategic partners, will enable cruise ship companies to load cash value onto a branded stored value debit card. The card will be accepted wherever MasterCard credit cards are accepted. Additionally, funds can be transferred internationally to family members easily via card to card transfers. Esprit Financial Group is a public company engaged in a diversified number of online financial services.

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Air China & Bank Of China Launch Co-Branded Visa

Air China and Bank of China, both sponsors of the Beijing 2008 Olympic
Games, have signed a “Strategic Cooperation Agreement for the Beijing
2008 Olympic Games” and introduced the “Air China Companion-BoC-
Visa Olympics Credit Card”, a co-branded Visa card. The new card allows
members of Air China’s frequent flyer program, “Air China Companion”,
to earn points quickly and supports the Olympic Games. Air China serves
78 domestic and 39 international cities with an extensive network from its
Beijing hub.

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CO-OP Concierge for CUs is Introduced

CO-OP Financial Services has launched “CO-OP Concierge” for its credit union members. CO-OP Concierge is composed of the “Falcon Travel Notification”, which gives credit unions access to cardholder contact information and travel itineraries, resulting in faster notification when a questionable transaction occurs and “VIP Authorization Block Bypass,” which permits credit unions to identify elite cardholders they want to be exempt from any transaction blocks. CO-OP Financial Services’ membership has access to 800,000 ATMs worldwide through links to NYCE, STAR, Cirrus, Pulse and Plus.

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ANZ Launches the Black World MasterCard

The “ANZ Black World MasterCard” was launched in Indonesia and designed for affluent cardholders. The card offers membership to hotels for special room rates and dining privilege, Priority Pass access to airport lounges at over 275 cities around the world, automatic qualification for a year-long complimentary membership to the DFS Platinum Services Club, double reward points on frequent flyer miles, and 24-Hour Worldwide Family Medical Benefit. The card also offers its members the “3x Privileges Program” allowing consumers to divide their payment in 3, “ANZ Spot” offering a cut on cardholders’ bills when
dining at partnering restaurants, “See it First! Program” to allow
holders to be among the first to view Hollywood box office movies, and a Rewards Program where all points accumulated can be redeemed with selection of exclusive reward items.

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Consumers More Upbeat About the Economy

The Conference Board “Consumer Confidence Index” rebounded in May after an April slump. Consumers’ outlook for the next six months remains cautious. Those anticipating business conditions to improve increased to 15.1% from 13.8%. Consumers expecting business conditions to worsen, however, edged up to 10.1% from 9.7%. Consumers’ appraisal of current-day conditions was more upbeat in May. Those claiming conditions are “good” rose to 29.4% from 27.5%. Those saying conditions are “bad” was barely unchanged at 14.5%. The “Index” now stands at 108.0.

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FamilyMart Inks With NTT DoCoMo

FamilyMart Co has announced an alliance with DoCoMo in which
DoCoMo is to acquire 2,930,500 shares of common FamilyMart
stock for about 9 billion yen. In conjunction, FamilyMart will be
accepting mobile credit via DoCoMo’s iD platform enabling
users to make NFC payments with their phones. This agreement
will benefit each company through leverage of FamilyMart’s 7,000
convenience stores and DoCoMo’s some 52 million customers.
With this, the companies plan to Introduce iD mobile payments for
purchases made on FamilyMart’s shopping website, the “Famima iD”
mobile credit card, a provision of benefits for using DoCoMo’s
DCMX and FamilyMart’s “Famima iD” mobile credit cards, and
trial use of Famima Cards by owners of DoCoMo phones.

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DBS Prepared To Commence Operations In China

After receiving final approval from the China Banking Regulatory
Commission(CBRC), DBS Bank is prepared to continue operations in
China. Based in Singapore, the bank was incorporated with a capital of
$523 million, among the first to do so in China. The board will be chaired
by Frank Wong with other directors including Mr. John Alan Ross, Mr.
Christopher Cheng, Prof. Lu Xiongwen, Mrs. Teresa Lin, Mr. Jethro
Lau, and Mr. Andy So. DBS intends to strengthen in the Mega Beijing
cluster, Yangtze River Delta, Fu-Xia Cluster and the Pearl River Delta
over the next few years and to expand its existing branch network in
Shanghai, Suzhou, Beijing, Shenzhen and Guangzhou into an integrated
branch network.

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Espirit Announces New Payment Platform

Espirit Financial Group has announced that Union Bank of Nigeria has
approved measures to be taken for implementation of an issuing payment
platform. Esprit’s Advanced Electronic Funds Management (AEFM) will
be providing the bank merchant account services, stored value credit and
debit cards and international funds clearing services. Experts predict
implementation to be as early as the beginning of 3Q07. The agreement
stipulates that Esprit deliver 100,000 stored value cards by August,
2007. Union Bank gross earnings as of March 2006 was N 66.576 billion;
profit before tax was N 13.536 billion; total assets was N 667.766 billion;
and shareholders’ fund was N 100.500 billion.

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A&L Bank Appoints New PrePaid Exec

Alliance & Leicester Bank (A&L) has appointed James Le Brocq to the
Director of Pre-paid cards. He will manage pre-paid card strategy to
build the business in the UK and Europe. Le Brocq joins A&L from
Barclaycard and has over 22 years’ experience holding senior positions in
Marketing, Strategy Development, Change Management and Sales.
Experts estimate that the European pre-paid card market will be worth
$164 billion by 2010.

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JAL Mulls a Partial Sale of JALcard

Japan Airlines Corp (JAL) is planning to sell up to a 49% share in its
wholly owned subsidiary, JALcard Inc. JAL
has been propositioning major lenders such as the Development Bank
of Japan and Mizuho Corporate Bank for investments of 200-400
billion yen. JALCard has an estimated market capital of approximately
100 bln yen and handles some 1.5 trillion yen in transactions, making it
No. 6 in the credit card industry. Proceeds from the sale will pay off the company’s debt.

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