Banco Bradesco Buys AmEx Brazilian Card Operations

Banco Bradesco. has signed an agreement with American Express Company
to assume the company’s card and related
operations in Brazil. Among the documents signed were a Share Purchase
Agreement and an Independent Operator Agreement, which governs the
relationship between the two companies. The partnership comprises the
transfer to Bradesco of American Express’ Brazilian subsidiaries operating
in the credit card and related businesses and the granting to Bradesco of
the exclusive right to issue the “Centurion” line of charge and credit cards
in Brazil. Not included in the transaction are a representative office
of American Express Bank Ltd. in São Paulo, the company’s local Travelers
Cheques business and existing card licensing agreements with other banks
in Brazil, which do not include the “Centurion” line of products.

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Dresser Wayne Integrates Trintech’s OpenPay

Trintech Group has partnered with Dresser Wayne to supply the fuel retail
market to integrate Trintech’s “OpenPay” EMV and PCI security into the new
Dresser Wayne “PT 4000” EMV pay-at-pump terminal. This solution was
recently granted Visa’s PCI Certification for its encrypting PIN Pad
(EPP) technology â“ the first EPP class device to win VISA’s approval.
Trintech will also license its PayWare software to Dresser Wayne to
streamline the rollout and management of pay-at-pump systems by fuel
retailers globally. Under the partnership agreement, Dresser Wayne will
also license Trintech’s PayWare EMS software allowing fuel retailers to
remotely manage their entire pay-at-pump terminal estate from a central
location. Dresser Wayne provides self-service consoles and fuel blending
dispensers. Trintech is a provider of transaction reconciliation
and payment infrastructure solutions.

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MobileLime Raises $10 Million from VCs

Boston-based MobileLime has completed another financing round for $10 million of venture capital, led by Oak Investment Partners. MobileLime’s expansion has been highlighted by the opening of sales offices in Boston, Chicago, Seattle, Atlanta and Austin. In addition, the company recently announced plans for its next generation platform based on NFC technology, which will add unprecedented speed, convenience and interactivity to the company’s award-winning real-time marketing, cardless loyalty and mobile payment solutions.

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Dexit Names a New CEO

Janet Martin has been appointed as President and Chief
Executive Officer of Dexit, effective immediately. Martin joined
Dexit in June 2005 as Chief Operating Officer, managing the day-to-day
operations of Dexit Inc. Martin will also become a director of the
company. She replaces Renah A. Persofsky, the founder of the company,
who has served as President and Chief Executive Officer since 2001.
The Dexit Service is an innovation with Bell Canada, TD Canada Trust,
National Bank of Canada and TELUS Mobility.

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Sokymat Provides Contactless Movie Cards

Sokymat is providing contactless movie cards to
Europlex Cinemas. To obtain a card, all movie-goers need to do is open
an account with Europlex. The ISO card, with its integrated radio
frequency identification chip, grants access to an account to
which all purchases are debited. Several card owners can share the same
account, so that for instance each member of a family can receive his or
her own cinema card while only opening one account. The card can be used
to quickly and conveniently purchase tickets for any Europlex cinema at
the cash desks and interactive kiosks in movie theatres, as well as
online through the Europlex web site by providing the unique ID
code printed on the card and then pick up the tickets at the cinema.
Sokymat is a supplier of RFID transponders.

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Cubic Tri-Reader to Support the Jewel Card

Cubic Corporation announced its “Tri-Reader 2,” the
multi-protocol card interface device used in its newest automated fare
collection equipment, now supports “Jewel”, the latest low-cost Limited
Use proximity smart card developed by Innovision Research and
Technology. The low cost “Jewel” card fills the need for a convenient
low cost ticket type suitable for passengers for whom regular
contactless smart cards might not be convenient or cost effective.
The Tri-Reader processes all cards meeting “ISO
14443” standards. Cubic Transportation Systems is a global provider of
integrated electronic ticketing systems. Innovision Research &
Technology plc is a RFID IC Design and solutions providers.

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Cubic’s Tri-Reader 2 Supports Jewel Card

Cubic this week announced that its “Tri-Reader 2, the multi-protocol card interface device used in its newest automated fare collection equipment, now supports “Jewel”, the latest low-cost limited use proximity smart card. “Jewel” was developed by Innovision Research and Technology, according to this week’s CardFlash International. The low cost “Jewel” card fills the need for a convenient low cost ticket type suitable for passengers for whom regular contactless smart cards might not be convenient or cost effective. The “Tri-Reader” processes all cards meeting “ISO 14443” standards. Cubic Transportation Systems is a global provider of integrated electronic ticketing systems. Innovision Research & Technology is a RFID IC Design and solutions providers.

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Goldfish to Drive MS UK Expansion

Morgan Stanley reported that credit card outstandings for its British MasterCards during the quarter ended February 28th rose by $1.5 billion to $4.2 billion. The quarter included $1.4 billion of managed loans associated with the acquisition of the Lloyds TSB “Goldfish” credit card business in the U.K., which closed on February 17th. The number of accounts for its “Classic,” “Gold,” “Platinum,” and “buy & fly!” cards rose by 100,000 accounts to 1.6 million, compared to one-year ago. There are approximately 1 million “Goldfish” credit card accounts. MS, which issues the “Discover” card in the U.S. paid a 22% premium for the “Goldfish” portfolio. The Company is gearing up to aggressively promote the “Goldfish” brand. MS introduced its first credit card in the U.K. in 1999. For complete details on Morgan Stanley’s latest performance, visit CardData (www.carddata.com).

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Lloyds Introduces Anti-Skimming Devices at Cashpoint

According to a new report from Lloyds TSB, 76% of Britons say that they
are concerned about withdrawing money from cash machines due to worries
about fraudsters copying their card details. To tackle this problem
directly, Lloyds has introduced anti-skimming devices at its Cashpoint
machines around the country. The anti-skimming device, fitted to the cash
machine, thwarts fraudsters’ attempts to capture customers’ card details
using sophisticated technology. 77% of those surveyed said that they would
feel more confident using a cash machine if they knew it was fitted with
an anti-skimming device while only three per cent said that it wouldn’t
make any difference. Cash machine fraud totalled GBP 65.8 million in
2005.

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MC Extends Zero Liability to Business Cards

MasterCard this morning announced that the company is extending its zero liability policy to U.S.-issued “MasterCard BusinessCard” and “Debit MasterCard BusinessCard” cards. It is the first payment card network to offer the extra layer of protection to small business debit and credit cardholders. The extended zero liability coverage goes into effect on September 1st. In 1994, MasterCard was the first in the industry to establish a U.S. rule of zero liability for the consumer from the unauthorized use of payment cards. To qualify for the liability protection, “BusinessCard” and “Debit BusinessCard” cardholders must meet certain conditions including having exercised reasonable care in safeguarding their cards and notifying their issuing bank of the loss, theft and/or unauthorized use of their cards.

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Global Platform to Host Asian Market Seminars

GlobalPlatform will host two business seminars, one in Shanghai and the
other in Singapore in April. The Shanghai Seminar will take place on
April 20 at the Pudong Shangri-La Hotel, and the Singapore Seminar will
take place on April 25 at the Hotel InterContinental. These free,
one-day seminars are intended to educate Asian markets on
the benefits of adopting GlobalPlatform technology for single and
multi-application smart card programs. With a central theme of
“Building Open Foundations for Smart Cards, the Shanghai seminar is
being co-organized with the Shanghai Banking
Association, and co-hosted by GlobalPlatform Members Datacard Group,
Gemplus, Oberthur Card Systems, Shera, Sun Microsystems, and Visa
International. The Singapore seminar, co-hosted by GlobalPlatform
Members Gemplus and Visa International, and entitled “Advancing Open
Smart Card Standards for Government and Mobile Telecom,” will focus on
government and mobile telecoms, alongside e-government. GlobalPlatform
is focused on establishing and maintaining interoperable specifications
for single and multi-application smart cards, acceptance devices and
systems infrastructure.

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