GlobalCollect Triples Child Hunger Donations

The United Nations World Food Program’s “Fight Hunger: Walk the World” initiative has seen its contributions triple by offering direct access to payment processing through GlobalCollect. The initiative led by the World Food Program said the results were encouraging after three months of donations and subsequent payment processing made online through their Web site http://www.fighthunger.org. GlobalCollect has had successful track record with collection and reconciliation of payments, invoice printing and distribution in over 200 countries.

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Oberthur’s First Half Revenues Rise 2.3%

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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VISA Locks-Up Vancouver International Film Festival

VISA cardholders have the inside track for the “25th Vancouver International Film Festival” scheduled for September 28th to October 13th. VISA cardholders can buy tickets a week ahead of the general public through September 15th. The “VISA Screening Room Pass” allows cardholders to enjoy the Festival’s hot-ticket films at the “VISA Screening Room.” “Gala Packages” and the “VISA Gold Pass” are available to “VISA Gold” and “VISA Platinum” cardholders at significant savings.
This is the ninth year that VISA has been the exclusive card of the “Vancouver International Film Festival.”

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Charge-Offs Continue to Move Upward

Overall performance of U.S. credit card-based securities remained fairly stable during July. Charge-offs remained historically low in July, but continued a recent and growing trend by increasing to 4.0% from 3.5% in June. According to the monthly “U.S. Credit Card Quality Index” published by Standard & Poor’s Ratings Services, delinquencies were flat during July, and the payment rate remained above 20%, although it dipped to 20.7% from 21% in June. As for the other performance variables monitored by the index, the payment rate slid 30 basis points in July, and slightly more than 40% of the trusts continue to report yields that are greater than 20%.

ABS MONTHLY METRICS
Charge-Offs Delinquency
Feb 3.0% 3.6%
Mar 3.2% 3.6%
Apr 3.6% 3.6%
May 3.6% 3.6%
Jun 3.5% 3.5%
Jul 4.0% 3.5%
Source: Standard & Poor’s Ratings Service

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VISA BUSINESS CARDS

VISA International 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%. Howewver, 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 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 “CCE” can represent upwards of 25% of total CCE. 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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MC & Home Depot Launch a Promotion

MasterCard and Home Depot have launched a national consumer promotion giving one lucky consumer the kitchen makeover of his or her dreams. The “$100,000 Dream Kitchen Makeover” will run thru October 31st for U.S. MasterCard cardholders. Cardholders that use their “The Home Depot Rewards MasterCard” or “The Home Depot Business Rewards MasterCard” will receive two entries into the sweepstakes each time they use their cards at The Home Depot. MasterCard says it has rolled-out an extensive integrated marketing campaign that will encompass print, online, in-store signs and radio media for the promotion.

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Merchant Bill of Rights is Introduced

NJ-based Heartland Payment Systems has launched a major initiative to help owners of small and mid-sized businesses manage the cost and complexity of credit and debit card acceptance. “The Merchant Bill of Rights” proposes ten fundamental rights as industry standard to ensure reasonable credit/debit card processing costs, cutting-edge security and fair treatment for all small and mid-sized business owners. The centerpiece of the initiative is an interactive Web site that helps business owners learn about the mechanics of card processing, receive industry tips, share best practices, ask questions and stay abreast of industry news. The “Merchant Bill of Rights” is currently supported by 13 state small business associations.

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Green Dot NASCAR VISA Wins an Award

Convenience Store News has awarded Green Dot’s NASCAR-licensed reloadable prepaid VISA card the “2006 Best New Product-General Merchandise” award. The award will be presented to Green Dot during the NACS (National Association of Convenience Stores) Annual Event October 9^th in Las Vegas. /Convenience Store News/ holds an annual competition among major vendors focusing on the convenience store class of trade. Entries are evaluated under a number of criteria including innovation, packaging and price.

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TNS EVP Heidi Goff to Join the ETA Board

Heidi Goff, EVP/GM ofTransaction Network Services’ POS Division, has been appointed to the Electronic Transaction Association’s Board of Directors. The ETA is an international trade association with over 500 member companies from seven different countries, with its membership consisting of organizations offering transaction processing products/services. It serves its members and advances their businesses by providing leadership through education, advocacy and the exchange of information. Transaction Network Services is one of the leading providers of business-critical, cost-effective data communications services for transaction-oriented applications.

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Henricks Returns to First Data Resources

Susan Henricks has returned to First Data as president of First Data Resources. Henricks was a key member of the First Data leadership team in 1998 and 1999, serving as president of First Data Enterprises within First Data Resources. For the last six years Henricks has been with RR Donnelley, an $8 billion dollar global print leader and the largest printer of telephone directories in the world. First Data Corp. is a leading provider of electronic commerce and payment solutions for businesses and consumers worldwide.

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70% Abandon Online Applications

New research estimates that 14.2 million consumers start an online application for financial services, including credit cards, each month, but, only 4.2 million complete the application online. The study projects that nearly $7 billion in revenue is available from abandoned applications. Boston-based Compete says its report found that of the 81 million consumers who abandon the application process, many still believe an online application is more convenient than applying either by phone or in person. Compete also found that the 60% of consumers who go on to complete the online application begin the process with the specific intent of opening a new account. Additionally, 36% of consumers who complete the online applications, started with the intent to learn more about the product, but decided along the way that the time or offer was right.

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