V-PAY

VISA has launched a pan European debit card, “V PAY”, to be issued by banks
by 2008. Banks to deploy the card include Capitalia, ICCREA Banca,
Banca Sella, Banca Carige, and Gruppo Banca Popolare Emilia Romagna.
“V PAY”, having been added to the Bancomat/Pagobancomat
national debit scheme, is accepted at 3.75 million POS terminals.
Also, the card is accepted at 210,000 ATMs, can be used all across Europe, is SEPA
compliant and uses chip-and-pin security. The “V PAY” board of Italian banks
is responsible for the development and distribution in the country.

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Ingenico Lands Orders for 190K Units

As a demonstration of Ingenico’s adaptability, the company has recently
received orders for 90,000 of their “Aqua Terminals” in the Latin American
region, with a commitment for an additional 100,000. In less than 5 years,
the company has gained over 50% of the market share in the region which
company representatives credit to their ability to meet local demands. For
example, the “Aqua Terminal” was designed for populations with rapid
growth using the secure UNICAPT 32 platform with PCI-PED certified
design.

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Banco Popular Unveils a Secured MasterCard

Chicago-based Banco Popular has introduced two new MasterCard products for the U.S. market. The “Banco Popular Platinum MasterCard” offers a 0% intro APR for balance transfers, plus the “Popular Rewards” loyalty program. Cardholders earn one point per dollar spent on all eligible purchases and can also earn points on balance transfers. The “Banco Popular Classic MasterCard” is a secured program. The accounts are secured by opening an interest-bearing BPNA savings account with a minimum deposit of $500 and a maximum of $5,000. There is no annual fee and customers receive the same card benefits as the “Platinum” cardholders. Banco Popular North America has 144 branches in California, Florida, Illinois, New Jersey, New York and Texas.

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Credit Card Police Save Issuers GBP 130MM

The U.K.’s “Dedicated Cheque and Plastic Crime Unit” will mark its fifth anniversary this weekend after saving card issuers more than GBP 130 million to-date. The “DCPCU” has recovered more than 125,000 counterfeit cards and card numbers and has secured 156 convictions and made almost 400 arrests on fraud related matters since 2002. The “DCPCU” also announced it is now headed by Detective Chief Inspector John Folan who replaced DCI Roger Cook in January of this year. During 2007, the banking industry also plans to merge its “Fraud Intelligence Bureau” with the intelligence section of the “DCPCU” to create a “Payments
Industry and Police Joint Intelligence Unit.” According to APACS, the U.K. payments association, total card fraud losses hit GBP 428.0 million in 2006, compared to GBP 439.4 million for 2004, and the peak of GBP 504.8 million in 2004. APACS notes that losses as a percentage of plastic card turnover equated to 0.095% in 2006 – significantly less than the 0.141% figure in 2004. “CNP” fraud rose to GBP 212.6 million last year compared to GBP 183.2 million for 2005. (CFI Library 3/14/07)

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Fair Isaac’s 1Q/07 Profits Decline 21%

Credit scoring king Fair Isaac posted first calendar quarter revenues of $201.0 million, a 3% decline over the prior year period. Net income declined more than 21% year-on-year to $21.4 million. Scoring Solutions revenues increased 1.4% to $42.3 million in the quarter, primarily due to an increase in revenues from risk scoring services at the credit reporting agencies and the “FICO Expansion” score. Professional Services revenues declined 3% to $37.5 million in the quarter due to a decline associated with industry consulting, fraud, and collections and recovery implementation services, offset by an increase in revenues derived from customer management implementation services. Strategy Machine Solutions revenues dipped 6% to $111.7 million due to a decline associated with fraud, consumer, customer management, and mortgage products. Analytic Software Tools revenues increased 6.5% to $9.4 million in the quarter due to an increase in revenues generated from sales of the “Model Builder” product. The Company expects revenues for second calendar quarter to be approximately $195 million to $200 million. For complete details on Fair Isaac’s latest results, visit CardData ([www.carddata.com][1]).

FAIR ISAAC REVENUE HISTORICAL
1Q/06: $208.2 million
2Q/06: $207.1 million
3Q/06: $207.3 million
4Q/06: $208.2 million
1Q/07: $201.0 million
Source: CardData (www.carddata.com)

[1]: http://www.carddata.com

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Precidia & Staunch Collaborate In Security Solution

Quarles Petroleum has chosen the joint effort of Precidia & Staunch,
POSLynx220, a multiport payment router with both dial and serial ports.
The router delivers secure connectivity for onsite video surveillance and
the cardlock system for processing, with only one device for its 80
remote fueling stations. For Quarles’ fuel stations, the Staunch/Precidia
solution combines the Gasboy fuel dispenser and onsite
video surveillance system. Precidia has customers in over 80 countries,
a line of wired and wireless access devices and uses NetVu network
configuration management to migrate stand-alone equipment onto
IP networks. Staunch Corporation is a provider of multi-vendor
Information Technology and Digital Video Surveillance technology.
Quarles Petroleum has more than 450 employees in 6 states.

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Smart SMS Names a New COO

Los Angeles-based Smart SMS has appointing Layne Bednar, previously with Legend Locations as COO. At Legend, Bednar created and implemented custom database solutions, streamlined and designed all sales procedures, and was responsible for all Information Technology implementations, resulting in a revenue growth of over 30% in comparison to the previous year. From 1996 to 2003 he held a Sales Engineering and Territory Manager position with Harper and was the exclusive manufacturer’s representative for semiconductor manufacturers AMCC – Applied Micro Circuits Corporation, Atmel, Globespan DSL (now Conexant) and other manufacturers and was responsible for frontline concept and design sales of microprocessor and advanced memory semi-conductor technology solutions to the emerging smartcard, loyalty card, and bankcard industry. Bednar holds an Electronics Engineering Degree from Electronics Institutes in Harrisburg, PA. SmartSMSCorp is a mobile entertainment marketing and distribution company that specializes in market branding via text and MMS.

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Experian Hires a New Head of Build

Experian has appointed Andrew Foreman as Head of Build for the
direction of the company’s software development and support of
product development. His experience includes his time as an air
transport IT service provider for SITA, coordinating a portfolio of multi-
million GBP service contracts for airlines. Foreman also has 18 years
of experience as a talent management specialist at SHL, where he
was responsible for infrastructure, product and service delivery. His
expertise is expected to contribute to the growing momentum of
Experian’s product evolution.

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mFoundry to Power Sprint Mobile Banking

mFoundry has entered into an agreement with Sprint to bring mobile banking and financial services to Sprint customers with “Vision” or “Power Vision” phones. Sprint users can check their bank balances, transfer funds between their accounts, make bill payments and more, with participating banks. mFoundry’s “Spotlight Financial Platform “will be used to deploy an integrated, single-point solution that supports security features including multi-factor authentication, encryption and the ability to deactivate the application remotely. The Sprint Spotlight mobile banking solution will include services from a number of financial institutions, including Citibank. In addition, VeriSign will leverage its expertise in secure content delivery to host participating banks within Sprint’s mobile banking solution. mFoundry is an award-winning mobile application platform provider.

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RDM Corporation Reports Earnings

RDM’s latest quarter reflects total revenues of $7.9 million,
an increase of 34% from the same quarter of 2006. Also, the company’s
Digital Imaging segment grew by $2.7 million to $6.5 million of revenues,
transaction volumes for the Image & Transaction Management System
averaged 1,271,000 items per week compared to 618,000 per week in
Q206, and net earnings were $587,000 or $0.03 per share, compared to
$0.01 per share last Q2. RDM’s Operating activities generated $1.3
million of the cash flow in the quarter, compared to $1.8 million in Q2
2006. Cash increased $1.1 million during the quarter to $10.1 million.

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NCR’s Q1 ATM-Related Business Rises 20%

NCR reported that first quarter revenue for its ATM business was $312 million, a 20% gain compared to one-year ago. The ATM segment was driven by strong revenue growth in Europe and Asia which outpaced a revenue decline in the Americas region and led to the year-over-year revenue increase. ATM operating income of $28 million improved from $13 million reported in the first quarter of 2006. Higher revenue significantly outpaced the cost of operating two manufacturing facilities in Europe as NCR initiated its manufacturing realignment in the first quarter of 2007. In January, NCR announced its intention to separate into two independent, publicly traded companies through the spin off of the company’s Teradata Data Warehousing business to NCR’s shareholders. NCR incurred approximately $46 million of costs associated with the realignment of its manufacturing facilities. For complete details on NCR’s current and past performance, visit CardData ([www.carddata.com][1])

NCR ATM REVENUE HISTORICAL
1Q/06: $259 million
2Q/06: $343 million
3Q/06: $349 million
4Q/06: $472 million
1Q/07: $312 million
Source: CardData (www.carddata.com)

[1]: http://www.carddata.com

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VASCO Earnings Nearly Double in 1Q/07

VASCO data security has released reports reflecting that revenues for
the first quarter of 2007 increased 93% to $26.4 million from $13.7
million in the first quarter of 2006. Gross profit was $17.5 million for
the first quarter of 2007 and compares to gross profit of $9.5 million
in the first quarter of 2006. Net cash balances, total cash and cash
equivalents less bank borrowings, at March 31, 2007 totaled $16.8
million compared to $12.6 million at December 31, 2006. A total of
619 new accounts sold in the first quarter 2007, including 94 banks
and 525 Enterprise Security customers. VASCO incurred revenue
growth of 35% to 45% for the full-year 2007 over full-year 2006.
The company is a supplier of authentication and e-signature solutions
and services. Specializing in Internet security, VASCO has a customer
base of over 4,800 companies in more than 100 countries, including
close to 750 international financial institutions.

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