AmEx Collaborates For Travelers’ Checks

American Express has signed with Travelex for the distribution of “American
Express® Travelers Checks” through a global network of banks and travel
agencies. Travelex is a foreign exchange specialist with locations
around the
world and has a strong customer base in its outsourcing division. “American
Express Travelers Checks” are available for purchase through 12,200 selling
partners and 148,000 locations in 180 countries and are widely recognized.

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Travelex to Offer AmEx Travelers Cheques

The world’s largest foreign exchange specialist has inked a multi-year agreement to offer American Express “Travelers Cheques” through its global agency network. The deal with Travelex includes some of the largest banks in the world and travel agencies. AmEx “Travelers Cheques” are recognized worldwide, and are available for purchase through 12,200 selling partners and 148,000 locations in 180 countries. The “Travelers Cheques” service has been in existence for 116 years. In December, AmEx and eFunds signed a global, multi-year partnership wherein eFunds will provide processing services for the entire AmEx portfolio of prepaid cards. Included in the deal are processing services for AmEx-backed gift cards sold by shopping centers nationwide; the “Travelers Cheque Card”; and incentive cards issued by American Express Incentive Services, a joint venture of American Express and Maritz. (CF Library 12/6/06)

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Lloyds TSB Announces the Silver VISA

Lloyds TSB has introduced a “Silver” account targeting new
British citizens. The “Silver” account offers customers up to
GBP 355 of benefits including the VISA debit card, European travel
insurance, mobile phone insurance, roadside assistance, Sentinel
Card Protection and an exclusive saver account. A money transfer
card is also provided to enable customers to send money back home
with ease. The card can be sent to a recipient to use for cash
withdrawals and purchases wherever VISA is accepted. This new
account is especially appealing to Polish immigrants, nearly three
quarters of whom plan to transfer money to Poland in the near future
and are responsible for over 100,000 accounts opened last year alone.
Normally GBP 7.95, the account will be available for GBP 2 per
month until 31 October 2007, providing the customer deposits at least
GBP 500 month.

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Diebold Posts a Q1 Loss Due to France

OH-based Diebold reported a first quarter loss of $5.9 million, compared to net income of $12.7 million for the first quarter of 2006. Company revenue of $628.4 million, rose less than 1% over 1Q/06. Diebold says the loss was related to the closing of the manufacturing facility in France. In March, the Company finalized an agreement with the remaining union that was legally challenging the closure of the facility, and all the unions have agreed to the related social plan. During the quarter, Diebold continued to ramp up production at its new manufacturing facility in Budapest producing approximately 1,700 “Opteva” ATMs. The company is on target to produce approximately 10,000 ATMs in Hungary in 2007. The facility is now the primary source of ATMs for the Diebold EMEA market. Total orders for ATMs and security products and services were down slightly compared to the prior year period. ATM orders declined due primarily to a large, non-recurring order with a single customer in Canada. Outside of Canada, ATM orders in the Americas were up in the high single digits. Asia Pacific ATM orders declined in the low double-digit range, as several large orders in China were delayed to the second and third quarters. For complete details on Diebold’s first quarter performance visit CardData ([www.carddata.com][1]).

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

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Lloyds Adds the AIRMILES Loyalty Program

Airmiles and Lloyds TSB, to replace NatWest, have launched a
loyalty card called the “Duo Card Account”. The new card will double
the current “earn rate” for its cardholders to one airmile for every
GBP 10, instead of every GBP 20, and gives the option to choose either
an American Express card or MasterCard. Because two major cards
are involved, promotional funding will be greater for ad campaigns
through TV, radio and press.

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Datacard SP Plus Series Printers Unveiled

Datacard Group has launched “Datacard SP Plus Series” card printers at the Cards Asia 2007 exhibition. Datacard SP Plus Series printers feature enhanced performance with faster print speeds, sharper colors, new supply choices, extended warranty coverage and support for clear card printing. They also provide high reliability and strong investment protection. Datacard Group provides secure ID and card personalization solutions.

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CONTACTLESS BARCLAYCARD

Barclaycard and Computer Cab have partnered to launch the first taxi contactless payments pilot in the UK. Barclaycard will be offering the “VISA payWave” on its payment cards. These new developments from Barclaycard follow the announcement last year that Barclays would be combining chip-and-pin technology for credit card payments alongside that of the “Oyster Card.” This card, currently under trial, allows customers to pay for low-cost items in shops without having to enter a pin number and will be rolled-out to Barclaycard customers later this year if it proves successful. Barclaycard Business oversees 152,000
corporate customers and more than 565,000 VISA cardholders. Barclaycard Business also has more than 95,000 retailer and business relationships.

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Kabira Payment Suite Wins New Product Award

Kabira Technologies’ “Kabira Payment Suite” has been selected as “Best New Product” for 2007 by Cards&Payments Magazine. Kabira was chosen as “Best New Product” for its industry-unique architecture, which stores and processes all data and applications completely within high-speed memory. Kabira products are designed to run on much lower-cost, commodity hardware. Kabira launched its new financial family of products earlier this year, featuring two products: “Kabira Financial Payment Switch” and “Kabira Financial Payment Authorization.” Kabira provides high performance transaction processing software for global enterprises to manage high volumes.

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Cairo Amman Bank Offers Customer Discounts

Customers of Cairo Amman Bank(CAB) can now benefit from
discounts in over 60 shops across Jordan when they use their VISA card.
The card rewards on various retail items as part of an effort to provide
customers with access to products and services promoting a higher
standard of living. CAB has 65 branches in Jordan and Palestine with a
capital base in 2005 of JD 67.5 million and shares at JD 163.3 million.

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VISA Hires Chatzky for Financial Literacy

VISA USA has partnered with personal finance expert Jean Chatzky to promote financial literacy nationwide. Chatzky will help develop new financial education curriculum and interactive resources geared toward teachers, students, women and parents. She will also participate in a number of Practical Money Skills for Life and What’s My Score outreach activities. She will also moderate the Financial Literacy and Education Summit being co-sponsored by the Federal Reserve Bank of Chicago and VISA on May 1. This Summit will bring together educators, policymakers, non-profits and private sector leaders to address key issues, such as mandating financial education in schools, and sharing best practices. Jean Chatzky is a regular contributor to “The Oprah Winfrey Show” and to Oprah.com, financial editor for NBC’s “Today Show,” a contributing editor for Money and Travel & Leisure magazines and a columnist for The New York Daily News.

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IDG Makes 3 New Investments

IDG Vietnam, an IT industry risk investment fund, has announced the
investment into 3 IT companies. The newly invested companies,
including Cyworld Vietnam, Vinapay, and Yeu Am Nhac joint stock,
have demonstrated investment worthiness with a thorough understanding
of the market place and have products or services that have the
potential to maximize high profit. IDG will target growth opportunities
and the strengths of these companies for the benefit of Vietnam’s IT
industry.

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Boston Honors the Arthur Blank Corn Card

The City of Boston has awarded Arthur Blank the 2007 Boston Green Business Award for the introduction of the industry’s first non-PVC, corn-based card. The Boston Green Product Award is given each year to a company that “produces or distributes a green product.” With the introduction of its “Green Line” of environmentally friendly products, Arthur Blank & Co. is working with retailers and other companies who are looking for “greener” solutions to meet the needs of their customers. Arthur Blank has the capacity to print over 1.4 billion cards per year.

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