LG Card to Deploy Blue Coat Protection

LG Card has deployed Blue Coat’s “SG-Series” and “AV-Series” appliances to
protect its corporate network and customer database from spyware, viruses
and other security threats and to ensure the privacy and integrity of its
data. LG Card offers installment financing, consumer loans and leasing as
well as credit card services to more then 9.8 million cardholders in South
Korea. In the past, its network had experienced several security
threats, including spyware and other virus attacks that caused a slow down
in overall operations. Blue Coat secures Web communications and
accelerates business applications across the distributed enterprise.

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Simon Malls to Deploy BofA ATMs

The nation’s largest mall owner has signed a new strategic agreement with Bank of America to install more than 360 of the bank’s ATMs in 160 malls in 31 states. The installations will be largely completed by June. BofA has more than 16,700 ATMs and is the largest financial institution ATM provider in the USA. Simon, through its subsidiary partnership, currently owns or has an interest in 286 properties in the USA and a market capitalization of about $42 billion.

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Citigroup’s Global Transaction Services

Citigroup’s Global Transaction Services is expanding its commercial cards
program in Malaysia to offer a “Corporate Card” and a “Purchasing Card”. The “Corporate Card” is mainly
used for corporate expenses associated with business travel while the
“Purchasing Card” is used mainly for purchasing and payments for companies
and allows companies to move from multiple invoices to just one statement
offering a more cost-effective payment process. Clients will be able to
access information by using an array of solutions to provide more detailed
information on corporate expenditure. Citigroup’s commercial cards
business offers card programs in 39 countries used by over 1,000,000
corporate and government cardholders.

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ENCORE to Merge with the CO-OP Network

VA-based ENCORE Electronic Services Cooperative and CA-based CO-OP Network yesterday announced plans to merge. The deal is C0-OP’s seventh merger in the last decade. CO-OP has a national surcharge-free network of more than 25,000 ATMs. ENCORE, which is owned by 124 member credit unions, became a CO-OP Network member/shareholder in April 2003. ENCORE processes nearly 10 million transactions per month. ENCORE will operate as a division of CO-OP. CO-OP says the ENCORE division will provide leadership on merchant and card services. CO-OP Network has 1,835 credit union members and handles 100 million-plus monthly transactions and 24 million cardholders.

CO-OP NETWORK HISTORICAL
(# of ATMs)
1999: 3,000
2000: 4,000
2001: 6,500
2002: 15,000
2003: 18,000
2004: 19,000
2005: 25,000
Source: CardData (www.carddata.com)

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EUFISERV to Become SEPA Cards Framework Compliant

The EUFISERV ATM card scheme will become compliant with the SEPA Cards
Framework (SCF). This will allow the scheme to continue to be a part of
the European payment system landscape after the launch of SEPA in 2008.
Currently, the EUFISERV ATM Card Scheme provides access to cash to over
70 million cardholders and EUFISERV branded cards are issued by over 600
participating banks and are accepted at over 60,000 EUFISERV branded ATMs
across Europe. To become SCF-compliant the EUFISERV scheme will be
separated from the processing activities of the company. Participating
banks will need only a single license for the whole of
SEPA. Support for EMV will be made mandatory and a liability shift rule
will be introduced to encourage early adoption. EUFISERV s.c.r.l. is a
card payments processor that manages the EUFISERV Network,
processing cross-border ATM cash withdrawals and point of sale
transactions between its users.

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Sovereign Signs a CardTronics ATM Deal

Philadelphia-based Sovereign Bank and Houston-based Cardtronics have signed a deal to enable Sovereign to brand nearly 900 cash dispensing ATMs in CVS/pharmacy locations across the northeastern U.S. Installations will be completed over the next few months. Sovereign will also have the opportunity to brand ATMs at any new CVS/pharmacy locations within the same footprint. In addition, all Sovereign ATMs in CVS/pharmacy stores will be surcharge-free to Sovereign customers, just like Sovereign’s on-premise ATMs. Sovereign Bancorp Inc. is the parent company of Sovereign Bank, a $64 billion financial institution.

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Prepaid & Debit Take-Off in Latin America

VISA International reports that debit and prepaid card sales volume has risen sharply in the Latin America and Caribbean region. Also, the number of debit and prepaid cards crossed the 150 million card milestone in 2005. VISA has 63 million credit cards in the region. Debit and prepaid card sales volume rose 50% during 2005, while credit card sales volume rose 39%. Total volume at the POS was $83 billion with more than 2.6 billion transactions.

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Security & Privacy Initiative Launched

The Council of Better Business Bureaus and Privacy & American Business has launched a new national education initiative to help small business owners improve their data security and privacy compliance. The national program includes free, security and privacy toolkits. The CBBB plans to distribute the toolkits through 116 local BBBs reaching a potential audience of 380,000 small businesses. The “Made Simpler” initiative is currently supported by IBM, Visa U.S.A., Equifax, Verizon Wireless, The Wall Street Journal, eBay and PayPal. The program will also feature a downloadable “webinar” featuring key topic experts, plus ongoing updates about new security and privacy developments that affect small businesses.

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Americans Want to Pare Down Debt

The quarterly A.G. Edwards “Nest Egg Score” found that more than half of all U.S. adults listed reducing overall household expenses as a high priority in the next 90 days, followed by paying down credit card debt (47%) and paying more often with cash (45%). The A.G. Edwards Nest Egg Score is a single, quarterly, three-digit numerical rating that represents a measure of the relative strength or weakness of Americans’ wealth-building performance, similar to the scoring systems used to evaluate creditworthiness.

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ANZ VISA DEBIT

ANZ has launched a debit card with VISA that offers unlimited transactions via the bank’s ATM network, EFTPOS, phone, Internet banking and branches. The new “ANZ Everyday VISA Debit” card carries a A$6 per month fee and offers three card designs. The new card is also offering direct salary deposit and the ability to set up automatic payments with third parties. ANZ notes that all transactions on the card will have the protection of “ANZ Falcon” and ANZ’s “Online Guarantee” which will provide greater protection on Internet purchases. ANZ has 756 branches in Australia and more than six million personal, private banking, small business, corporate, institutional, and asset finance customers worldwide. VISA is accepted at 555,000 merchant locations and 13,600 ATMs in Australia. At the end of January there were 25.4 million debit card accounts in Australia among all banks according to the Reserve Bank of Australia.

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