Lipman Lands $5MM NURIT Order from Turkey

Lipman Electronic Engineering has received a follow-on order for its “NURIT 8320” landline and “NURIT 8010S” wireless POS terminals from one of the largest privately owned banks in Turkey. The order is valued at approximately $4.8 million. Lipman develops, manufactures and markets a variety of handheld, wireless and landline POS terminals, electronic cash registers, retail ATM units, PIN pads and smart card readers, as well as integrated PIN and smart card solutions.

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MBNA & UFM Launch a Mortgage Rewards MasterCard

MBNA has teamed with Illinois-based United Financial Mortgage to launch a MasterCard with rewards to reduce mortgage principal. Cardholders earn one point for every dollar charged to retail purchases. When the cardholder accumulates 5,000 points, a check for $50 will be sent to the borrower. MBNA is the largest independent credit card lender in the world and the recognized leader in affinity marketing, endorsed by more than 5,000 organizations worldwide. United Financial Mortgage Corp. is an independent originator and servicer of residential and commercial mortgage loans.

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InfiCorp Buys a Tallahassee CU Card Portfolio

Florida Commerce CU has sold its credit card portfolio, consisting of 4700 accounts with $10.3 million of receivables, to InfiCorp, a specialty credit card company which partners with credit unions. InfiCorp has entered into an agent agreement with Florida Commerce to issue cards under Florida Commerce’s name. The transaction was arranged by Massachusetts-based Alliance Companies LLC.

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Cardtronics Attracts a $75MM TA Investment

Texas-based Cardtronics, Inc announced an investment of $75 million by TA Associates, a leading private equity and buyout firm. TA Associates joins The CapStreet Group as a private equity investor. Cardtronics is the nation’s largest independent owner/operator of ATMs with a nationwide network of approximately 25,000 locations. TA Associates manages $6 billion in capital and has invested in more than 350 companies. The CapStreet Group, formerly Summit Capital Group, is a private equity firm that manages investment funds totaling more than $400 million.

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Asta Funding Acquires Option Card

NJ-based Asta Funding has acquired Denver-based Option Card for $13.5 million. Asta says the deal includes portfolios of distressed consumer receivable debt of approximately $197 million, a facility in Denver with two experienced managers in debt buying and debt management, an established legal network, and a computer software system that will be incorporated into the Company’s existing computer system. In addition, the acquisition brings the Company the right to purchase a small monthly forward flow of high quality distressed consumer receivables with liquidation rates in line with the Company’s typical portfolio buys, from a new relationship with a major financial institution.

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CO-OP Network Offers Online Marketing Materials

CO-OP Network has launched a new service that enables member credit unions to customize and purchase an array of marketing materials. Available on the CO-OP Network Extranet, the “Credit Union Marketing Program” is designed to educate cardholders to recognize the CO-OP Network logo, which represents its 19,500 surcharge-free ATMs nationwide. Through online ordering, credit unions can choose from more than a dozen items, including posters, brochures and tent cards. Additionally, the credit union can customize many of the pieces by placing their logo next to the CO-OP Network emblem and selecting the most appropriate layout for their branches.

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MasterCard Launches a Best Western Promotion

Best Western and MasterCard International have teamed up to put members of the Gold Crown Club International to quickly earn a free night’s stay. Between March 8 and May 15, 2005, GCCI guests who stay three times at any Best Western hotel worldwide can earn a free night toward a future stay. If members select MasterCard as their form of payment, they can earn a free night after just two separate qualified stays. Best Western International is the world’s largest hotel chain with more than 4,100 hotels. MasterCard International is a leading global payments solutions company and manages a family of well-known, widely accepted payment card brands including MasterCard(R), Maestro(R) and Cirrus(R).

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Shell Says Q4 Promotion Boosted Card Volume

Shell Oil Products says its fourth quarter promotion with Citibank and MasterCard helped increase card usage by an average of 22% nationwide, compared to the same period last year. The results, which exceeded company expectations, were accomplished through a sweepstakes tied to MasterCard usage at Shell stations. More than 30 million people qualified for the sweepstakes and were entered for the chance to win one of 35 2005 “Chrysler Crossfires” and $1,000 worth of Shell premium-grade gasoline each time they used their MasterCard cards at Shell. The promotion helped increase total MasterCard transactions at Shell by 19%, which correlated to a 22% increase in total payment card transactions for Shell nationwide. A direct-mail offer was also sent to 5 million consumers with an incentive for applying for the “Citibank Shell MasterCard” during the promotion.

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RoboServer Announces a National Roll-Out

RoboServer Systems, developer of the Self-Serve Machine, enabling fast-food customers to process their own orders on a touch-screen kiosk, announced that it has begun the marketing process of the Self-Serve Machine for rollout to the Top 50 quick-service restaurant chains. RoboServer Systems has developed and deployed Point-of-Sale and Self-Serve software technology for the restaurant industry for more than three years.

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Asta Acquires $520 Million in Charge-Offs

New Jersey-based Asta Funding announced that the company has recently purchased distressed consumer receivable portfolios aggregating approximately $520 million, for approximately $20 million. Asta Funding, Inc., is a leading consumer receivables asset management company that specializes in the purchase, liquidation and management of performing and non-performing consumer receivables.

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