New Edge Networks Meets PCI Standards

WA-based New Edge Networks via Chase Paymentech Solutions provides end-to-end compliance with PCI security standards. Direct connections are part of a New Edge Networks strategic initiative called ARNie, short for America’s Retail Network information exchange. The new connections are exclusive for PCI-compliant bankcard data traffic. In 2005, Chase Paymentech processed approximately 15.5 billion transactions and more than $560 billion in annual bankcard volume.New Edge Networks builds and manages networks for businesses and communications providers.

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FDC & Issuers Team to Fight Fraud

BofA, BB&T, Chase, Wachovia, and Wells Fargo and First Data have teamed together to fight fraud. The newly formed entity, Early Warning Services LLC, will combine the fraud prevention expertise of the owners with the intellectual property and assets of Primary Payment Systems and IDLogix. PPS and IDLogix are subsidiaries of First Data. The group says fraud costs financial institutions and retailers more than $50 billion each year. “Early Warning” fraud solutions save more than $1 billion in annual loss avoidance.

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Brown Investments Expands ATM Installs

Nashville-based Brown Investments is now expanding beyond casinos ATMs to deploying ATMs at the Memphis International Airport. Brown Investments is also one of the largest, private owners of ATMs in the country and offers a turnkey investment solution for businesses. The ATM business package includes: a complete, lifetime service contract; site selection and lease negotiations; and cash rental and replenishment options.

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Navigo Travel Cards to Use ASK Contactless Technology

ASK has announced that contactless “Navigo” travel cards have replaced the
paper-based “Carte Orange” for weekly and monthly travel as of May 20, 2006.
The new “Navigo” card is a dual interface
(contact/contactless) microprocessor card. The “Navigo” pass is already
used by more than 1.5 million Intégrale or Imagine’R annual travel card
subscribers, and the new system is welcomed and endorsed by the RATP , the
SNCF and 93 private operators. ASK is a leading supplier of contactless
cards, tickets, RFID tags and readers to the mass transit, access control,
banking, ID, supply chain and logistics markets.

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Rates & Home Equity to Impact Earnings

A new analysis concludes that the combination of rising interest rates and declining home price appreciation will significantly impact bank earnings going forward since loans to consumers represent 53% of total U.S. bank loan portfolios. Overall, the annual loan growth rate in the consumer sector slowed from 16.1% in 2004 to 8.3% in 2005, with credit card balances growing by nearly 18% in 2004 but contracting by 1% in 2005. The special report by the A.M. Best Co. says that loan growth in the consumer sector was relatively benign in the fourth quarter at 1.1% and was markedly lower than in the fourth quarter of 2004, during which consumer borrowing grew by 3.8%. A.M Best noted that card balances at year-end 2005 were modestly lower at $395.2 billion compared with $399.2 billion at December 31, 2004.

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EFTPOS Ltd Becomes a Hypercom Partner

Hypercom has appointed EFTPOS as the distributor for its point-of-sale
terminals and peripherals in South Africa and Africa in general. The
relationship gives Hypercom a strong regional partner to support new and
underserved channels in the technologically advanced South African market,
as well as to expand Hypercom’s footprint to nearby countries with less
mature electronic card payment systems. Hypercom already has a
significant customer base among retailers, banks, restaurants, hotels and
service professionals in South Africa. EFTPOS will build on that base, as
well as pursue additional opportunities. Hypercom’s portfolio supports
all of those scenarios with products from stand-alone single terminals to
large multilane fully integrated systems. Hypercom products are also
compliant with the global EMV standard for chip-based debit and credit
cards as well as the PCI standard for hardware and software security.

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BofA Introduces the PetRewards VISA

Bank of America and Hill’s Pet Nutrition have launched a new credit card that will earn reward points for pet-related expenses and donations to participating animal shelters. “PetRewards VISA” cardholders are also able to add a picture of their pet on the new card. Cardholders receive two reward points for every dollar spent at participating veterinary clinics, major pet retailers, farm and feed stores and neighborhood pet specialty stores. They also receive one point for every dollar spent for other purchases. Cardholders receive 500 bonus points with their first purchase and can earn up to 100,000 points annually. For 1,000 points, cardholders can get a $20 rebate on veterinary clinic expenses or make a $10 donation to a needy animal shelter.

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HID & FARGO

Stockholm-based ASSA ABLOY’s HID Global Corporation has inked a definitive agreement to acquire Fargo Electronics. The companies said the acquisition is a result of a long-standing relationship and the decision to jointly pursue opportunities in the secure identification field. Fargo is a major provider in the development of secure technologies for identity card issuance systems, including secure
card printer/encoders, materials and software. The company has
sold more than 120,000 systems in the U.S. and over 80 other countries
worldwide. For the first quarter the Company had $20.1 million in sales, compared to $18.7 million for 1Q/05. HID is a top supplier of contactless access control cards and readers, and other security products for corporations and governments globally.

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Allegiant Group & Loyalty Lab Partner

Cincinnati-based The Allegiant Group has signed a deal to provide San Francisco-based Loyalty Lab with program development, management and marketing expertise in exchange for Loyalty Lab’s CRM platform. Allegiant reward certificates and stored value cards are accepted nationwide for purchases and experiences in categories such as retail, travel, dining, movies & entertainment, sports & leisure. Loyalty Lab provides on-demand retail loyalty and customer management solutions.

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HID Global to Acquire Fargo Electronics

Sweden’s ASSA ABLOY’s U.S.-based HID Global Corporation has inked a definitive agreement to acquire MN-based Fargo Electronics for cash. The companies said the acquisition is a result of a long-standing relationship and the decision to jointly pursue opportunities in the secure identification field. Fargo is a major provider in the development of secure technologies for identity card issuance systems, including secure card printer/encoders, materials and software. The company has sold more than 120,000 systems in the U.S. and over 80 other countries worldwide. For the first quarter the Company had $20.1 million in sales, compared to $18.7 million for 1Q/05. HID is a top supplier of contactless access control cards and readers and other security products for corporations and governments globally.

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