VISA Provides a Friendly Experience

“A Friend Indeed” was the winning slogan by Kwai Wai Peng that won her
the RM20,000 cash prize from Visa International at the “20th Matta
International Travel Fair.” Kwai participated in the “Describe
Your VISA Experience” contest after she bought a tour package to
Shanghai with her HSBC Visa card at the recent MITF. During the
fair, visitors who spent a minimum of RM500 on a single receipt with
their VISA cards were entitled to redeem instant gifts of a limited
edition VISA travel bag or a VISA golf umbrella. They were also eligible
to take part in the “Describe Your VISA Experience” contest to win the
RM20,000 cash prize. MITF 2005 attracted more than 80,000 visitors
during the three-day event.

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Coin to Card Adds Borders & Waldenbooks

Coinstar has added Borders Books & Music and Waldenbooks to its selection of gift cards in the “Coin to Card” program. The program allows consumers to convert loose change into gift cards from national retailers and pay no coin counting fee at thousands of Coinstar Centers across the United States. Users then choose their desired gift card or eCertificate and then deposit the loose, unsorted change or bills into the machine. Once the change is counted, Coinstar converts the full value of their deposit to a gift card or eCertificate. Approximately 2,000 Coinstar Centers will offer Borders and Waldenbooks gift cards by the end of 2005. Coinstar is a multi-national company for retailers consisting of self-service coin counting, electronic payment solutions and entertainment services.

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Top 5 Outstandings Grew Less Than 2% in Q3

Managed card loans among the top five U.S. issuers grew a measly 1.9% during the third quarter, compared to one-year ago. However, Bank of America and Chase continue to emerge as market leaders in organic growth. Bank of America posted a 7.8% year-on-year gain in managed outstandings to $59.7 billion. Meanwhile, Chase, the nation’s largest bank credit card issuer, posted a 4.6% annual gain in third quarter outstandings to $137.6 billion. Citi and MBNA both posted negative gains. Discover was flat according to CardData ([www.carddata.com][1])

TOP FIVE U.S. ISSUERS
3Q/05 Managed Outstandings
1. Chase $137.6 billion +4.6%
2. Citi $114.1 billion -1.0%
3. MBNA $ 78.5 billion -1.5%
4. BofA $ 59.7 billion +7.8%
5. Disc $ 47.1 billion NC
TOTAL: $437.0 billion +1.9%
Source: CardData (www.carddata.com)

[1]: http://www.carddata.com

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Sentias and Credit Card Transactions Team

Vancouver-based Sentias Software has teamed with Sherman Oaks, California Credit Card Transactions Inc. to cross sell their services and products. Sentias and CCT began cross selling their services and products on October 1st, 2005 and have already worked together on several customer relationships. CreditCard Transactions is a payment and transaction processor serving businesses nationwide. CCT currently handles the merchant accounts for over 15,000 merchant locations and processing in excess of 1.5 billion dollars annually. Sentias develops multi-lingual web-based business software including Content Management and E-commerce solutions.

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NeTeller Acquires Netinvest for GBP 12.36MM

NETELLER has completed the acquisition of Netinvest
Limited and its wholly owned subsidiary, Netbanx Limited,
an independent payment service provider for GBP 12.36 million. Netbanx
has relationships with all of the major UK acquiring banks, as well as
MasterCard, Visa, American Express, Diners Club, Pago and Euroconex and
currently processes approximately GBP 10 million of credit card payments
each month with over 1,500 merchants. Netbanx Limited reported revenues
for the 18 months ended 30 June 2005 of GBP 27,708,385.

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ViVOtech Lands a RBS WorldPay Executive

California-based ViVOtech has hired Christopher Ong, formerly with Royal Bank of Scotland’s WorldPay subsidiary, as senior director of sales for the Asia Pacific region. Ong brings to ViVOtech more than 11 years of sales management experience from the financial industry. He will be responsible for expanding the sales infrastructure for ViVOtech in the Asia Pacific region. ViVOtech provides an end-to-end transaction platform that allows consumers to make Contactless payments with radio frequency-enabled credit cards, debit cards, access cards, key fobs, and NFC enabled mobile devices.

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ICMA Elects New President and a VP

The International Card Manufacturers Association Board of Directors has elected Herbert Grun of Giesecke & Devrient as the association’s new president and Fernando Bautista of Thomas Greg & Sons has been elected to serve as VP of ICMA. A long-time Board member, Grun has chaired and presented several ICMA workshops, and continues to play an integral role in expanding the association’s membership on a global level. Bautista has been a principal member of ICMA since 1992 and has served on the ICMA Board of Directors, representing the Latin American region, for the past several years. ICMA is a non-profit association comprised of plastic card manufacturers, personalizers and related industry participants.

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VISA’s V Pay Spreads Across Europe

VISA Europe has completed a series of “V PAY” transactions across Germany, France, Greece, Turkey, Norway, Finland, Poland, Portugal, Hungary, Estonia and Lithuania, bringing the number to 21 of countries where “V PAY” has successfully been tested, with 31 acquirers across Europe. “V PAY” is an EMV chip and PIN only debit product and is designed to be in line with the “SEPA Cards Framework,” advocated by the European Central Bank and the European Payments Council with the option to carry the “PLUS” mark enabling global access to ATMs. “V PAY” is compatible with all EMV compliant terminals and has its own acceptance mark.

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ViVOtech Asia Pacific Names a Sales Director

ViVOtech has announced that Christopher Ong has been appointed senior director of sales for the Asia Pacific region. Ong brings to ViVOtech more than 11 years of
sales management experience from the financial industry. He will focus
on providing business development support for ViVOtech distributors,
system integrators, card associations, and POS terminal vendors in the
region. Prior to this appointment, Ong held a variety of sales and
management positions at WorldPay, an internet payment solution
organization, a subsidiary of the Royal Bank of Scotland Group.
ViVOtech provides an end-to-end transaction platform that allows
consumers to make contactless payments with radio frequency-enabled
credit cards, debit cards, access cards, key fobs, and NFC enabled
mobile devices.

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JCB’s QUICPay Seeks Standardization

The Mobile Payment Promotion Council has been established in Japan with the mission of promoting standardized mobile contactless payment systems and to promote JCB’s “QUICPay.” The executive board of the council is composed of representatives from Aeon Credit Service, Central Finance, Credit Saison, DC Card, JCB, JTB, KDDI, OMC Card, Orient Corporation, Toyota Finance Corporation, UC Card, UFJ Nicos, and Vodafone. The Mobile Payment Promotion Council believes that a standardized payment infrastructure foundation for efficient payment system operations and that an integrated environment is the key to providing the most convenience to consumers and merchants. The Council has 39 members at present, with 10 other corporations currently considering participation.

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Certegy Enters Into Agreement with Home Trust

ViVOtech has announced that Christopher Ong has been appointed senior director of sales for the Asia Pacific region. Ong brings to ViVOtech more than 11 years of
sales management experience from the financial industry. He will focus
on providing business development support for ViVOtech distributors,
system integrators, card associations, and POS terminal vendors in the
region. Prior to this appointment, Ong held a variety of sales and
management positions at WorldPay, an internet payment solution
organization, a subsidiary of the Royal Bank of Scotland Group.
ViVOtech provides an end-to-end transaction platform that allows
consumers to make contactless payments with radio frequency-enabled
credit cards, debit cards, access cards, key fobs, and NFC enabled
mobile devices.

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TSYS Establishes a Beachhead in China

TSYS has established its first offices in the People’s Republic of China to focus on business development and emerging growth opportunities in China and the broader Asia-Pacific region. Jonathan Wheeler will be head of business development for TSYS in China. Wheeler worked more than five years for global services at Vital Processing Services and has served as a lead director in global services for TSYS based in Tokyo. China has more than 875 million debit and credit cards in circulation.

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