Lipman Shareholders Approve the VeriFone Merger

Lipman Electronic Engineering shareholders voted to
approve, adopt and ratify the merger agreement with VeriFone Holdings. The shareholders also agreed to approve the merger of a VeriFone subsidiary with Lipman, so that Lipman would become a wholly-owned subsidiary of VeriFone. On April 10th, VeriFone and Lipman announced the signing of the merger agreement. The merger is expected to be completed on November 1st.

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IP Commerce and Coalfire Team for PABP

IP Commerce and Coalfire Systems have jointly introduced a program to provide Independent Software Vendors with an efficient and more cost-effective way to gain “Payment Application Best Practices” compliance. PABP is a set of Visa recommendations derived from the Payment Card Industry Data Security Standard (PCI DSS) and the PCI Security Audit Procedures that are intended to protect cardholder data and ensure that members, merchants and service providers maintain the highest level of information security. The Coalfire Systems, Inc. team members are specialists in IT audit, information security and regulatory compliance. IP Commerce, Inc. is a software company enabling open payments that allow banks and service providers to deliver payments services seamlessly to any business.

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Tyan/AMD/Seagate Combo Hits Hi-Speed

According to tests conducted by Neal Nelson & Associates, a Tyan mid-tower server using “AMD Opteron” processors and “Seagate Cheetah” disk drives processed over 17,000 transactions per minute at a cost of $0.18 per transaction per minute. The test system included a Tyan S2881 motherboard, two AMD Opteron processors Model 256 with two Seagate Cheetah 15,000 RPM Ultra 320 SCSI disk drives. System integration and system tuning were provided by the Neal Nelson & Associates staff. Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC.

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Credit Card Marketing Symposium Planned

Direct marketing specialist, Harte-Hanks, is hosting two one-day symposia dedicated to the marketing of credit cards and the retention of credit card customers in China. The two events to be in held in Shanghai (September 12th), and repeated in Beijing (September 15th) are
designed for banks and financial institutions. Speakers will come from the State Post Bureau of the People’s Republic of China, China
Union Pay, MasterCard, Oracle and the China Direct Mail Association, as well as Harte-Hanks. Harte-Hanks has been involved in marketing in the Asia-Pacific region for nearly 10 years, and more than three years in the People’s Republic of China.

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Oberthur’s First Half Revenues Rise 2.3%

Los Angeles and Paris-based Oberthur Card Systems reported that during the first half of 2006 revenues increased 2.3% to $311.9 million. During the six-month period smart card shipments increased by 30% to 114 million cards. However, in the Microprocessor Payment card segment, volumes went down by 25.5% to 31 million units compared to the first half of 2005. Sales of “Other Cards” (magnetic stripe cards, scratch cards and memory $44.4 million, had a 12.2% increase compared last year. The Payment and services segment represents 49.2% of Oberthur Card Systems’ current global revenue. For complete details on Oberthur’s latest performance visit CardData (www.carddata.com).

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WaMu and ESPN Create a Credit Card Team

Washington Mutual has teamed with the number one sports multimedia company in the world to launch a co-branded sports credit card today. The new “ESPN Total Access VISA” card extends ESPN’s powerful, middle market brand into WaMu’s core middle market consumer audience. The relationship also gives WaMu access to unique marketing channels including the ESPN Network, ESPN Magazine, ESPN Radio, ESPN.com, as well as to fans at select sporting events. The new card offers consumers rewards, access and competitive pricing. Cardholders receive five points for every dollar spent on purchases made from ESPN and one point for every dollar spent anywhere else. Cardholders can earn insider access to a wide range of sports experiences and VIP Access to the “X Games.” Cardholders can also earn access to ESPN The Magazine’s “NEXT Big Weekend” event at the pro football championship host city, pre-draft parties, and a behind-the-scenes look at ESPN studios. Other rewards include: gift certificates to ESPN Zone and ESPNShop.com; instruction at ESPN Golf Schools; the opportunity to host your own private party at ESPN Zone; and the opportunity to drive a race car on a championship track; plus earn sports merchandise and collectibles, as well as traditional travel, dining and retail rewards. The no annual fee card carries risk-based interest rate from 9.99% to 23.99%.

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VISA Commercial Global Logs a 32% PDV CAGR

VISA International this week reported that global small business spend hit $190 billion for the 12-month period ending June 30th. This represents a compound annual growth rate of 32%. However, it took 10 years for VISA to reach the $100 billion milestone for “VISA Commercial” purchases and cash withdrawals and just three years to achieve $200 billion in total annual commercial volume in 2005. Using the “Commercial Consumption Expenditure” index, VISA International estimates that global business and government spending, excluding payroll and certain other capital expenditures, totaled nearly $61 trillion in 2005. Small business “CC” can represent upwards of 25% of total CC. VISA recently published the “VISA Business Expedition Pack,” a 10-step program that offers advice on how to manage small business credit risk. VISA also recently held six member workshop sessions in the sub-Saharan Africa Region to promote small and medium-sized enterprise payment programs.

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Citibank Launches the Clear Card Showcase Promotion

Citibank “Clear Card” users can drop a demo tape or CD to staff
at the Aksara bookstore or Hard Rock Cafe Jakarta for a chance to play at a monthly “new talent” night at the Hard Rock Cafe Jakarta. Every month, a judging panel comprising representatives from Citibank,
Aksara Records, Trax FM and Hard Rock Cafe Jakarta will listen to the
latest demo tapes and CDs. Based on these recordings they will select
and ask the best performers to play. More than 100 requests for entry forms were received in the first week.

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Global Bureau Scoring Solutions Suite Unveiled

Experian-Scorex has released the “Global Bureau Scoring Solutions suite.” The suite is comprised of four distinct
components: “Smart Start Bureau Scores,” “Global Bureau Gateway,” “Global Portfolio Quality Assessment” and “Value-Added Bureau Solutions.” “Smart Start Bureau Scores” provides lenders and/or credit bureaus with a fast track to introducing credit bureau scores that are as relevant and predictive as possible into markets where no scores currently exist. The “Global Bureau Gateway” allows an organization to calibrate a local bureau score to a standard scale. The “Global Portfolio Quality Assessment” solution enables lenders to implement a risk rating system that can be used to compare the quality and performance of all their credit portfolios. The “Value-Added Bureau Solutions” enable both consumer and commercial credit bureaus to extract significantly more value from their databases by turning their raw data into valuable customer intelligence.

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