Skype Chooses GlobalCollect Processing

GlobalCollect announced it
has been selected by Skype to process payments for its premium
offerings. For Skype, GlobalCollect will process local bank transfer
payments in local currencies worldwide, including real-time online bank
transfers in countries where this payment method is available.
Skype is an Internet communication offering and available in 27 languages.
GlobalCollect provides international payment services for non
face-to-face businesses including Internet, mail and telephone orders.

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FASTLANE Payment Network Offers New Options

Colorado-based FASTLANE, a new payment network, now offers access to loyalty, gift, POS payments and a P2P money transfer service via a single swipe of the driver’s license The FASTLANE payment network offers access to Loyalty, Gift, Point of Sale (POS) payments and a Person-to-Person Money Transfer service. Consumers enroll a checking account payment option into the FASTLANE network at a merchant’s POS device

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RaboPlus to Implement VASCO Digipass 250

VASCO Data Security International announced that New Zealand-based
RaboPlus will use VASCO’s “Digipass 250” to enable secure
online banking. “Digipass 250” is a small and lightweight strong
authentication product, offering all the benefits of VASCO’s Digipass
product range. It offers remote access, one-time passwords and
e-signatures at the lowest cost. Digipass 250 is PIN-protected, which
adds an extra level of security to the device.

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SECU Says it Gave Up $50MM in ATM Revenue

North Carolina-based State Employees’ Credit Union says it has passed up on $50 million in ATM surcharges over the past year as 25 million non-member transactions have been processed through its “Cash Points” ATM network. At SECU, fiscal year 2005 saw approximately 25 million non-member transactions processed through its Cash Points ATM network. In terms of dollars, this would have generated income of nearly $50 million based on a typical surcharge of $2.00 per transaction. SECU is a non-profit financial cooperative owned by its members.

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First Data’s OmniPay to Provide Processing to HSBC

First Data has signed a three-year global merchant
processing agreement between its affiliate OmniPay, an international
merchant acquiring platform and HSBC. Under the terms of the agreement,
OmniPay will enable HSBC to acquire merchants with a Pan-European or
global presence on a single processing platform, consolidating all
treasury, reporting and support requirements. Additionally, entering into
a global acquiring contract with HSBC will eliminate the need for
merchants to negotiate market-by-market contracts. HSBC has assets of
US$1.467 billion at 30 June 2005 and is the world’s largest banking and
financial services organisations.

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InComm to Acquire PRE Prepaid Business

Atlanta-based InComm has signed a definitive agreement to acquire PRE Holdings, a U.S. prepaid distributor and processor. The acquisition of PRE marks the second recent acquisition by InComm, which also announced the acquisition of KwikSystems and Prepaid Enterprises. PRE offers the “Mio Money Prepaid MasterCard” to over 60,000 retail locations including grocery stores, discount dollar stores, travel centers and convenience stores. The acquisition of PRE will accelerate InComm’s retail presence to over 145,000 locations to become the leading U.S. prepaid distributor in terms of retail locations and prepaid transactions. InComm expects the acquisition of PRE to be completed in approximately 45 days.

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Western Union Partners with Bank Al Bilad

Western Union Financial Services Inc., a global leader in money transfer
services, announced a strategic relationship with Bank Al Bilad of
Saudi Arabia to provide money transfer services to its customers in Saudi
Arabia. Bank Al Bilad is the second Western Union Representative in Saudi
Arabia after Saudi American Bank (SAMBA). This new agreement ensures that
the total number of Western Union Agent locations in Saudi Arabia now
exceeds 90 locations.

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Asia Pay to Acquire InterPay

Asia Payment Systems announced it has signed a Share Purchase
agreement to acquire all of the shares of its Singapore-based strategic
partner InterPay International. The Share Purchase agreement calls for
the issue to the shareholders of InterPay, by Asia Pay, of 3,500,000
convertible preferred shares which will convert into 17,500,000
restricted common shares of Asia Pay. InterPay can appoint two
additional directors to the Asia Pay board, and the management team,
information systems and operations will be integrated into one
organization. The agreement is expected to lead to an expanded company
that has ongoing revenues from established operations in Asia while at
the same time gaining additional resources to devote to realizing
opportunities in China and other emerging markets. InterPay
International is the holding company for a group of companies
offering payment and loyalty cards and online recharge products and
services.

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TRANSCARD JCB

Transcard is set to roll-out a JCB-branded card next month. This will mark the first time for a JCB card compliant with EMV to be issued in Europe, and will bring the number of countries in which JCB cards are issued to 20. Transcard is Bulgaria’s largest credit card issuer and acquirer with 186,000 credit cards issued. The new “TRANSCARD JCB” card will be offered in three versions: “Classic,” “Gold,” and “Business.” The new card is Bulgaria’s first international credit card in compliance with EMV. JCB has had a brand presence in Bulgaria since 1985, through an acquiring partnership with Balkantourist Credit Card Inc. and expanded its acquiring business with United Bulgarian Bank in 1997. In October 2004, JCBI signed acquiring and card issuing license agreements with Transcard.

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New Bankruptcy Law Has Little Impact

A very recent study of 61,355 financially troubled consumers has found that 97% were unable to repay any debts and that 79% were forced into dire financial straits by circumstances beyond their control. The report, based on data collected by six credit counseling firms, says the results show that the new federal bankruptcy law is not working as intended. The National Association of Consumer Bankruptcy Attorneys says all the new law does is put new hurdles in the path of people who are already flat on their back due to financial crises over which they have no control. The NACBA says contrary to the claims of proponents of bankruptcy law changes that the new law would stop “legions of deadbeats” who supposedly were crippling the U.S. economy with billions of dollars in losses associated with profligate and abusive bankruptcy filings, the federal bankruptcy law changes that went into effect on October 17th are doing no measurable good whatsoever.

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CROZET Selects OTI EasyFuel System

On Track Innovations announced that it has received initial orders
for its “EasyFuel” wireless solution for petroleum
payment management and loyalty programs from CROZET S.A. and will target
gas stations for fleets, as well as the retail gas station market.
The “EasyFuel” system allows for 24-hour non-attendant
sales, as well as greater in-store purchases. Fleet companies are able
to obtain billing and detailed operating information and marketing
activities can be targeted for retail customers loyalty programs and
rewards. OTI designs, develops and markets secure contactless
microprocessor-based smart card technology.

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Money Shop to Retail APS Prepaid Card

Money Shop, the largest chain of company owned cheque cashers in the
United Kingdom has signed a deal with Advanced Payment Solutions
to retail its cashplus prepaid MasterCard card. Requirements of the
contract included the ability for the selected card to be used widely on
the internet and in cardholder not present transactions. Money Shop has
161 branches through the United Kingdom.

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