RSC Equipment Rental Launches RSC ePay

AZ-based RSC Equipment Rental is piloting an on-line payment option for its construction and industrial equipment customers which includes options for debit cards, credit cards, and DDA ACH. RSC ePay is part of RSC Online(TM), the web portal available at www.rscrental.com that customers can use to reserve equipment, manage reports about rental transactions, and call equipment off rent. Rental Service Corporation, a company within the Atlas Copco Group, is a leading provider of equipment rental services for the construction, industrial/petrochemical, manufacturing and governmental sectors in the United States, Canada and Mexico.

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Thames Card Technology Teams with Sagem Orga

Essex-based Thames Card Technology has expanded its manufacturing alliance with Germany’s Sagem Orga. The partnership will
combine a manufacturing infrastructure of over 650 million cards per year to service large scale card issuers across Europe. The two companies have been collaborating for three years. However, the new relationship will include contingency and load balancing
arrangements between the three primary European hubs in Angouleme
(France), Flintbek (Germany) and Rayleigh, Essex (UK). Thames Card Technology has more than 250 employees and has a capacity to manufacture and personalize over 400 million cards per year.

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Yields Drop in May but Stay Healthy

Credit card portfolio yield, which is primarily cardholder finance charges, nose-dived 120 basis points during May. However, the figures have remained well above last year’s performance despite the the rise in short-term interest rates. Yields have been preserved due to the variable nature of interest rate terms. Among asset-backed credit card bonds the May yield dropped to 17.61% in May compared to 18.81% for April. FitchRatings says the drop was possibly due to a shift in day count during the month of February, an effect that has percolated onto and normalized May’s number. The May figure is 71 basis points above the year ago level.

ABS HISTORICAL
Prime Rate Yield
Dec 7.25% 17.26%
Jan 7.50% 17.96%
Feb 7.50% 17.56%
Mar 7.75% 17.91%
Apr 7.75% 18.81%
May 8.00% 17.61%
Source: FitchRatings

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Diebold Speeds-Up MS Software Updates

Diebold has developed an electronic system for notifying financial institutions about “Microsoft” software updates for Windows-based ATM networks. The new “Software Update Notification System” pre-qualifies each update through Diebold-specific testing and use recommendations. On the second Tuesday of each month, when Microsoft releases new software updates for its Windows platform, Diebold assesses each update for applicability to Diebold terminal software operation and, if applicable, tests updates to ensure proper operation within Diebold software applications. Software updates are posted to the “Diebold Customer Internet Support” Web portal.

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Casino Loyalty Cards Draw Low Response

A new poll by Harris Interactive has found that 41% of adults have been to a casino in the past 12 months, but only 24% participate in a casino loyalty card program. Perhaps this is because people say they look for an entertainment experience, and not just gambling. This Harris Poll was conducted online within the United States between June 7 and 13, 2006 among 1,172 adults (aged 18 and over). Harris Interactive is the 13th largest and fastest-growing market research firm in the world. The company provides research-driven insights and strategic advice to help its clients make more confident decisions which lead to measurable and enduring improvements in performance.

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First Annapolis Promotes Martien

MD-based First Annapolis has promoted Frank Martien, who currently heads its “Commercial Payments” practice, to Partner. Frank has played a key role in expanding our capabilities and growing our client base. He was instrumental in the growth of our Card Issuing practice through his relentless focus on quality, analytical rigor, and relationship building. Over the past two years, Frank has led the Commercial Payments practice where he has built a specialized body of expertise and a strong client base in the commercial sector. First Annapolis is a management consulting and M&A advisory firm with a focus on the consumer financial services and a specialty in payment-related products, services, and delivery.

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PPP’s Founder Takes on the CEO Position

IL-based Perfect Plastic Printing’s founder, Frank Smoczynski, has taken over as Chairman and CEO. The move comes at the end of a yearlong celebration of forty years in the card manufacturing industry. Frank Smoczynski founded Perfect Plastic Printing in 1965. The family business has grown to nearly 300 employees and now focuses primarily on card manufacturing, ranking fourth worldwide amongst the top payment card manufacturers today.

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BofA and MLB Intro a New Rewards Card

Bank of America and Major League Baseball Properties, and MLB Advanced Media today launched a new credit card offering unique experiential rewards. The new “MLB Extra Bases MasterCard” is being launched in conjunction with the “2006 All-Star Week” in Pittsburgh. The card offers invitations to special Major League Baseball events, on field access during pre-game activities and dugout visits, plus the opportunity to throw out a ceremonial first pitch. Cardholders can choose a card design bearing the silhouetted batter or the logo of their favorite Club. Cardholders earn one point for every net retail dollar spent. Points can be redeemed for tickets to regular season games as well as postseason games and the next year’s “All-Star Game.” Points can also be used to redeem official MLB merchandise. Cardholders also receive access to a wide range of benefits including unique MLB experiences.

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Phishing Scams Migrate to the Phone

A new phishing scam is emerging that utilizes VoIP technology to target credit cardholders. The new technique called “vishing” notifies a consumer that their credit card has had fraudulent activity, to call an 800 number or a regional telephone number (often with a spoofed caller ID) which then prompts the cardholder to enter their 16-digit credit card number on the key pad. San Jose-based Secure Computing Corp says its engineers have been tracking news group sites and open disclosure discussion groups that have been buzzing with talk about the new technique. One expert said cybercriminals typically use a stolen identity to set up a digital voice-response system through an Internet phone company and then route that call outside the U.S. Secure Computing Corp notes that the new scan is particularly troublesome given that it is a normal procedure when calling a credit card provider to be asked to enter your 16-digit credit card number before given the opportunity to speak to a credit card representative.

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CompuCredit to Deploy Pegasystems’ BPM

Atlanta-based CompuCredit has committed to use Pegasystems “SmartBPM” solution for its call center network covering 1000 seats. Pegasystems’ SmartBPM Suite and Customer Process Manager Framework gives organizations the tools they need to reuse common processes and policies across the organizations while specializing those that differ for each product, geography, customer or channel. CompuCredit Corporation is a specialty finance company and marketer of branded credit cards and related financial services. Pegasystems Inc. provides software to automate complex, changing business processes. Pegasystems, the leader in unified process and rules technology, gives business people and IT departments the ability to use best processes across the enterprise and outperform their competition.

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Hypercom Shareholder Lawsuit Dismissed

Hypercom reports that a U.S. District Court has entered judgment dismissing the “Second Consolidated Amended Class Action Complaint” filed against Hypercom and its former CEO by shareholders. The “Amended Complaint” related to the Company’s restatement of its financial statements for the first three quarters of 2004 because certain leases generated by Hypercom’s UK subsidiary were incorrectly accounted for as sales-type leases, rather than operating leases. The Court found that the “Amended Complaint” failed to state claims under the proper SEC sections.

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