Experian’s New Head Of Planning And Design

Andy Hey has been appointed Experian’s new Head of Planning and Design.
Hey will design and manage the development of new products, leading a team
of over 90 people and will be based in Nottingham. Andy brings 20 years’
technology experience to the role. In addition to four years experience with
architecture and design at Boots, he spent 14 years working in financial
services at Accenture.

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Wirecard Joins the ADP CardClear Network

Automatic Data Processing has acquired Wirecard AG through ADP’s
CardClear Global Network. This will allow for ADP’s 90-plus
international airlines to process payments and services using Wirecard.
This partnership enhances the service range of airlines seeking global
and regional acquiring solutions. The Wirecard AG software platform is
being used by more than 6,000 enterprises across the globe, including
dba, Gulf Air, HSE24 and QVC. ADP employs over 44,000 and has almost
600,000 customers worldwide. ADP’s clearing division is the Data
Processing Center for more than 80 BSPs in the world.

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Ingenico Revenues Climb 17% in 2006 as Debt Declines

Terminal manufacturer Ingenico reported fourth quarter sales of 131 million euros, a 5.2% gain over 4Q/05. The Company says revenues were driven by strong sales Asia and Southern Europe while revenue from Latin America was virtually stable. For the full year revenues grew at a 17% pace. Ingenico also reported the start of a sharp decline in net debt as of December 31st, due to higher profit margins and greater control over working capital requirements. During the fourth quarter, Ingenico introduced “i6780,” the first color touch screen payment terminal with integrated tactile keypad to meet requirements for the visually impaired; teamed with Gilbarco Veeder-Root have joined to develop and deliver comprehensive integrated indoor and outdoor payment technologies that automate petroleum retail sites; and
received “Class B” certification on the “i7780,” “i5100” and “3010” PIN Pad from Chase Paymentech Solutions. During 2006, Ingenico developed its
business in prepaid card recharges, contactless and Near Field Communication payments. For complete details on Ingenico’s latest results visit CardData (www.carddata.com). (CFI Library 10/2/06; 10/10/06; 11/13/06)

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Diebold to Upgrade and Expand PNC ATMs

Diebold has been selected by PNC Bank as the bank’s single source vendor to upgrade hundreds of ATMs and to add new machines in 2007. The new ATMs will feature the “Intelligent Depository Module” (IDM) technology, a utility that allows checks to be deposited directly into the ATM, providing the customer with an image of the check on the receipt and the screen, elimating the need for a deposit envelope. These enhancements are part of a multimillion-dollar investment by PNC during the next two years to improve the advanced functionality of its ATM network. In 1992, PNC led the industry with the installation of Diebold’s first ATMs that featured “IDM” technology that displayed an image of a deposited check on the ATM screen.

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Standard Chartered Offers Customer Card Protection

In partnership with Card Protection Plan, Standard Chartered Bank of
Malaysia will offer customers card protection for not only cards issued
by the bank, but also for other valuable documents in the event that a
wallet or purse is ever misplaced. However, the subscriber is required to
be a
credit, debit, or ATM cardholder. The two types of card protection
offered are an individual
plan at RM78 and a household plan at RM98 per year. The household plan
covers the cardholder and four other persons at the same billing
address. Standard Chartered is Malaysia’s oldest
bank and has a local network of 35 branches across Peninsula and East
Malaysia.
With over 2,000 employees, Standard Chartered’ core business is in Consumer
Banking, Corporate and Institutional Banking and Treasury.

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StoreNext to Offer the Pay By Touch Service

StoreNext Retail Technologies and Pay By Touch have signed an agreement to market and distribute Pay By Touch’s biometric authentication and payment service to independent grocers. StoreNext’s dealer network will resell the Pay By Touch store-level hardware, software and interfaces to independent retailers in conjunction with StoreNext point-of-sale systems and provide ongoing service and support. Data and transactions from the independents’ POS systems are processed through StoreNext’s Connected Services suite of Internet-based store management applications. When checking out, shoppers touch a biometric sensor and enter a Personal Search number to authenticate their identity and link to their financial and loyalty accounts. More than 3.5 million members are using Pay By Touch in 3,000 stores across 44 states, the UK and Singapore.

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Bank of Sharjah To Use CR2 Platform

CR2 will be the platform used by the Bank of Sharjah to drive the banks
Internet,
ATM, and SMS channels. The new platform will allow the bank to provide
customers with secure on-line, ATM & SMS banking service and offer a
consolidated
perspective across all three channels. CR2 has been growing considerably
in the
banking industry worldwide and now serves 100 institutions in 70
countries worldwide.

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Chase to Issue 50K RI Unemployment Debit Cards

The Rhode Island Department of Labor and Training has selected JPMorgan Chase to provide debit cards for unemployment insurance benefit payments, replacing unemployment checks. JPMorgan Chase will supply approximately 50,000 debit cards a year carrying unemployment insurance benefits approved by the Rhode Island Department of Labor and Training. Unemployment benefit recipients will get their payments as fast as 24 hours after they certify and are approved by the state. The cards can then be used to purchase items at any merchant that accepts Visa or to get cash at any ATM. Transactions will be surcharge-free at any Washington Trust, Allpoint and Chase ATM nationwide. Debit cards also benefit recipients who may not have a bank account and would otherwise have to pay check-cashing fees. The JPMorgan Chase Direct Payment Card product provides debit card services to agencies in more than 30 states and territories as well as payments for Social Security, Supplemental Security Income, child support, subsidized child and foster care, Women and Infant Children (WIC) nutrition benefits, payroll, and disaster benefits.

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Cryptomathic Authenticator Supports MasterCard CAP

E-security provider Cryptomathic has announced that it is now
compliant with MasterCard’s “Chip Authentication Program.” This
means that in addition to VISA the company will extend its services
to provide support for MasterCard CAP Modes 1 and 2, as well as such
services as mobile readers and cards, “One Time Password” (OTP) in
addition to traditional permanent passwords. Cryptomathic’s
“Authenticator” also supports VISA’s “Dynamic Pass Authentication” and
the two-factor authentication standard from the UK’s APACS.
With 20 years’ experience, Cryptomathic is one of the world’s leading
providers of security solutions.

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NCR’s ATM Q4 Revenues Rise 6% But Income Lags

NCR reported that fourth quarter revenue for its ATM business was $472 million, a 6% gain compared to one-year ago. While its Teradata Data Warehousing segment is driving NCR’s overall growth, the Company expects its ATM business to grow between 2% and 3% this year. Operating income for the Financial Self Service segment or ATM segment was up slightly from $84 million in 4Q/05 to $85 million in 4Q/06. NCR recently announced a restructuring of its global manufacturing resources to help its ATM business restore its operating margins. The Company wants to reduce manufacturing operations of its Dundee, Scotland, facility and wants to meet volume customer demand in Europe, Middle East, Africa and Asia-Pacific through NCR manufacturing facilities in Beijing, Budapest and India. Additionally, the Company wants to move to a contract manufacturing model in the Americas. Meanwhile, Retail Store Automation Q4 revenue was flat year-on-year at $258 million. Customer Services revenue of $482 million was up 2% from the fourth quarter of 2005. Revenues from the maintenance of ATMs increased 11% in the fourth quarter, while revenues from the maintenance of third-party products declined by 6%. NCR’s Teradata Data Warehousing segment reported fourth-quarter revenue of $469 million, a 15% increase from 4Q/05. The Company recently announced its intention to separate into two independent publicly traded companies by spinning-off the company’s Teradata Data Warehousing business to NCR shareholders. NCR increased its 2007 earnings guidance by $0.05 to $2.45 to $2.55 per share. For complete details on NCR’s current and past performance, visit CardData ([www.carddata.com][1]) (CF Library 1/8/07; 1/11/07)

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

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Xiring Introduces Wireless Banking Card

Using Bluetooth wireless technology, Xiring has introduced the latest
in wireless banking technology. The new product, “Bluesign,” will
provide versatility, flexibility, and security of transactions. Xiring
chose Bluetooth because of the data exchange security Bluetooth is
capable of. With sales of 9 million euros, 60 business partners around
the world and a 5% net profit margin in 2005, XIRING continues to grow.

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Canadians Willing To Limit Excess Spending in 07

In order to improve their financial situations for 2007, many Canadians are
willing to sacrifice trivial comforts. According to a survey conducted
by Capital One, 65% of those surveyed are planning to budget more wisely for
the new fiscal year by eating out less and 20% surveyed will use public
transportation. Among those surveyed, 82% say they plan on
developing and using a budget for 2007. Nearly half of Canadians said
they did not stay within their planned budgets over the holidays,
leaving room for improvement in the new year. Despite the fact that 63%
say interest rates are the most important factor when choosing a credit
card, only 11% plan on shopping around for lower rate credit cards and
transferring balances.

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