Credisson Choses First Data Processing

Credisson International has chosen First Data to provide a full range of
processing services in support of the company’s MasterCard card portfolio.
First Data International will provide an extensive range of card
production, personalization, authorization and processing services for
Credisson, as well as call center services, risk monitoring, dispute
management and POS terminal account handling services. Credisson
International is a leader in the Romanian consumer credit market, with a
20% market share. Credisson has granted financing at the point of
sale to over 750,000 customers, with total sales exceeding 300 million
euros.

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PRICELESS WORLD CUP

MasterCard International has launched its “FIFA World Cup”-themed
“Priceless” advertising campaign, entitled “Fever.” The spot shows how
people from all walks of life are engulfed by the passion of supporting
their countries’ teams. McCann Erickson filmed all real fans (no actors)
from over 30 different nationalities in four continents during the
making of the commercial. The “Fever” campaign recently debuted in
France and will subsequently run in multiple languages in more than 30
countries worldwide. In host-market Germany, “Fever” will be represented
in a national promotion, in-stadium at the venues and at various high
profile FIFA-supported events including “FIFA Fan Fest.”
In the U.S., the “Fever” ad campaign will start on May 22nd in both
English and Spanish. The estimated cumulative audience for the “2006
FIFA World Cup” is expected to be more than 30 billion in a total of 213
countries during the 64 tournament matches.

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TransUnion to Drive Applicants to CompuCredit

Chicago-based TransUnion and Atlanta-based CompuCredit have inked a deal for TransUnion Acquisition Services to manage a portion of CompuCredit’s direct marketing efforts to select consumers. Called TransUnion Acquisition Services, this offering leverages TransUnion’s data, process management and decisioning to select targeted consumers for a given direct marketing campaign. Once prospective consumers are identified, TransUnion facilitates the initial contact via phone or mail and completes the marketing lifecycle by managing consumer response. If the customer elects, fee-based services are offered and the profits from these sales are shared with the customer, reducing cost of acquisition. Customers are not charged for TransUnion’s decisioning and management services until an offer is accepted and approved.

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GECF Europe Welcomes New President and CEO

Gemplus International announced it has delivered the first advanced
security EMV “Dynamic Data Authentication” cards to Bank Buana. The implementation of the cards
is in line with Bank Indonesia’s recommendation to banks to migrate to
chip based EMV cards in 2006. Bank Buana plans to migrate its entire
credit card base to the “DDA” EMV cards from this year. “DDA” credit cards
offer a
sophisticated authentication scheme whereby unique transaction
signatures are generated by the cryptographic processor on the card for
each individual transaction. As each signature is computed based on
random data provided by the point-of-sale terminal, this makes them
difficult to duplicate, thus offering a significantly higher level of
security than the more commonly used “Static Data Authentication”
cards. Bank Buana, established in 1956, currently has assets of Rp 15.9 trillion.

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Al Rajhi Selects Level Four ATM Testing

Al Rajhi Bank has selected Level Four Software to introduce new innovative
services at the Kingdom of Saudi Arabia’s largest ATM network. Level Four
will also help the bank comply with regional and international regulatory
mandates, notably EMV and SPAN 2, the second generation of the Saudi
Payments Network. Al Rajhi is in the process of upgrading its ATM network
to meet the EMV mandate for smart chip cards and Saudi Arabia’s
industry-wide migration to SPAN 2 to create a secure infrastructure for
electronic fund transfers. Al Rajhi Banking and Investment Corporation is
one of the largest joint stock companies in the Kingdom, with a paid up
capital of SR 4,500,000,000. Level Four is a provider of
test and development tools for the ATM channel and has offices in
Dunfermline, Maidenhead, Dubai and Miami.

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Hottest Conference of the Year – Cards Asia

Terrapinn is running its “11th Cards Asia” annual conference in late April in Singapore. With the explosion of card development in China and India, this may be the hottest international conference of the year. More than 5000 visitors attended the exhibition last year as well as 200 conference attendees. Among key speakers: Andrew Purchas, Head of Financial Crime Control, Westpac; Michael Chang, EVP, Credit Card Division, Chinatrust Commercial Bank, Taiwan;, and Will Johan Aris Ibrahim, VP and Head of Marketing & Business Development from Maybank, Malaysia. JCB, Multos and VISA are major sponsors for “Cards Asia 2006.” CardWeb.com is also a supporting media partner.

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Experian Launches Cut-Rate Monitoring

Experian Consumer Direct has introduced a three-bureau credit monitoring product for $4.95 per month. “Triple Alert” provides daily monitoring of all three national credit reporting companies’ credit files and sends an alert notification via e-mail or cell phone to consumers when key changes are detected in any of their three credit files. As part of their membership, consumers receive $10,000 in identity theft insurance. They also have toll-free access to fraud resolution professionals should they become victims of fraud or identity theft. Experian Consumer Direct is part of Experian Interactive.

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Consumers Confident in Biometric Fraud Protection

Survey results released by Unisys reveals UK consumers place most
confidence in biometric technologies, such as fingerprint and eye retina
recognition, to help combat the rapidly growing identity theft industry,
which is now estimated to be costing UK industry GBP 1.7 billion per year
and which now affects 1 in 4 British adults according to Home Office
statistics. Despite token security being presented as an online
authentication standard by some industry bodies, 92% of respondents were
unfamiliar with the term and unaware of its use as a security measure.

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Kreissparkasse Bank Deploys NCR Personas M ATMS

Kreissparkasse Bank will deploy NCR “Personas M Series” ATMs as it
introduces cash deposit and cash recycling in its main branch in Koethen
this month. Recycling is popular outside of
the United States, allowing cash that is deposited in the ATM to be
immediately dispensed to customers making withdrawals.
The bank will also deploy NCR “Personas M Series” ATMs in other branches
as it replaces older machines from other vendors. This services contract
covers ATMs from multiple vendors and NCR “Personas Print” account
statement printers that have been used by the bank for several years. As
part of a three-year agreement, NCR will also provide maintenance and
services through its customer services division.

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Obopay Gets $10MM to Fund M-Payments

Palo Alto-based Obopay is gearing up to launch a comprehensive mobile payment service in the U.S. that allows subscribers to get, send and spend money directly from their mobile phones. In addition to enabling mobile payments, Obopay will allow users to instantly get cash from any ATM or spend it at millions of merchants. This week, the startup firm closed a $10 million deal for its first round of funding. Investors include Redpoint Ventures, ONSET Ventures, and NY-based Richmond Management. Obopay’s management team includes former executives from VISA International, Microsoft, AT&T Wireless, Western Union, First Data, Norwest Bank and Chordiant Software.

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