Lynk Offers Wireless CDMA for Triton ATMs

Atlanta-based Lynk Systems is now offering CDMA wireless technology for Triton ATMs. Lynk’s CDMA (Code Division Multiple Access) technology will provide a faster, more secure option for routing wireless ATM transactions. Lynk, headquartered in Atlanta, GA, is a single-source, full-service provider of electronic payment processing services (including credit, debit, EBT, gift cards, customer loyalty cards, checks and more). Triton is the largest provider of off-premise ATMs and ATM management software in North America and has more than 117,000 installations in over 17 countries worldwide.

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MasterCard Unveils an Instructional PayPass Symbol

The sign of things to come has been developed by MasterCard. An instructional symbol for “PayPass” contactless transactions is being offered to the payments industry to help consumers understand the new way to pay. MasterCard says recent research revealed that consumers consistently requested an instructional symbol that would help them quickly understand both how to properly hold the card or device and where to tap it on the payment terminal. The symbol clearly depicts bringing the card or device into contact with the reader at the spot where the radio frequency signal is strongest. The read of the card or device begins at about four centimeters above the reader. MasterCard has been at the forefront of contactless payments in USA after successfully conducting several pilots of “PayPass” in Orlando and Dallas. In August, McDonald’s inked a deal to accept MasterCard “PayPass.” Participating McDonald’s restaurants in Dallas and the New York metropolitan area will implement “PayPass” later this year, with additional locations to be added in 2005. McDonald’s will eventually accept “PayPass” nationwide. (CF Library 8-18-04)

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Consumers Will Pay Extra for Biometrics

A new study has found that the majority of U.S. consumers are willing to pay a premium to add fingerprint biometrics to their PCs and cell phones. Most consumers said they would use the technology to replace their PC and Internet passwords, as well as to help transform their cell phones into their personal wallets to conduct m-commerce and wireless banking.The scientific survey of more than 2,000 adults, sponsored by AuthenTec, shows that 63% of consumers would pay extra to add fingerprint biometrics to their PC and notebook computers, while 71% would pay more for this feature in their cellular phones. It is estimated that more than 4 million biometric cell phones, PCs, laptops and peripherals already are in use.

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Sprint Co-Brands with Chase to Launch a VISA

Sprint and Chase have teamed to launch a co-branded rewards cards that offers a 1%+ cash rebate. The new “Sprint Rewards VISA” rewards cardholders with two points for every dollar spent on Sprint purchases and one point for every dollar spent on all other card purchases. After accumulating 2,500 points, cardholders can redeem them for a $25 personal check, a $25 “Sprint Gift Check,” which can be used toward Sprint products and services, or a “$25 Gift Certificate” from select merchants, including gas stations, restaurants and other retailers. The new card offers a six-month 0% APR on purchases and balance transfers. The go-to APR equals the prime rate plus 6.99%, 8.99% or 12.99% depending on the applicant’s credit score.

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TCF ATMs to use TWS Systems’IMAGECENTER

MN-based TCF Bank has selected TWS Systems'”IMAGECENTER” for ATM deposits management. TCF, a Minnesota-based national financial holding company with $12 billion in assets, has 419 banking locations in Minnesota, Illinois, Michigan, Wisconsin, Colorado and Indiana. IMAGECENTER provides the bank with the latest balancing and fraud detection technology on the market. TWS Systems, Inc. is a privately held financial services company that is the first company to offer total deposit automation with image-based ATMs.

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Chex Services and Ditronics Partner

CO-based Chex Services has signed a marketing agreement with NV-based Ditronics Financial Services for credit and debit card cash advance services, multi-function ATMs, check cashing, stored value cards and money remittance services. As part of the agreement, Ditronics will be marketing Chex’s product lines including full financial service booth operations, credit and debit card cash advance including CreditGuard, multi-function ATMs, check cashing including the ChexGuard electronic check conversion and check guarantee, stored value cards and money remittance services. FastFunds Financial Corporation is a holding company operating through its wholly owned subsidiaries, Chex Services, Inc. of Minnetonka, Minnesota, and FastFunds International, Inc. based in London, England.Equitex, Inc. is a holding company operating through its majority-owned, publicly traded subsidiary FastFunds Financial Corporation (OTCBB: FFFC) of Minnetonka, Minnesota, as well as its majority-owned subsidiary Denaris Corporation.

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Carreker Names a New President of Payments

Dallas-based Carreker Corporation has hired Suzette Massie, formerly with Accenture’s Financial Services practice, as President of Global Payments Consulting, effective December 15th. Massie’s joining the company allows Lou Buglioli, who has been providing leadership to the GPC business since June 2004, to assume a new strategic payments sales leadership role, synergizing the offerings of Carreker’s payments consulting and technology businesses and increasing the value provided to clients. Carreker Corporation improves earnings for financial institutions around the world. The Company’s integrated consulting and software solutions are designed to increase clients’ revenues and reduce their expenses, while improving security and increasing the value of their customer relationships.

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Electronic Exchange Systems Names a CIO

Atlanta-based Electronic Exchange Systems has promoted Jim White to the position of Chief Information Officer. During the past four years, Jim has been extremely instrumental in the responsibilities of managing Electronic Exchange Systems corporate residuals and contracts. Electronic Exchange Systems is a national supplier of merchant transaction processing services.

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ICBC AMEX CARDS

The first American Express-branded card in China has been launched by the largest commercial bank in the country. The
Industrial and Commercial Bank of China is offering standard and gold card versions, that are denominated in both Reminbi and US dollar currencies. The new cards can be used both at ICBC’s merchants and the China Union Pay network of merchants throughout China, as well as American Express merchant locations worldwide. Beginning today, Chinese residents in Beijing, Shanghai, Guangzhou and Shenzhen can apply for the cards. The cards will be available in other cities across China in the coming months. The launch of the “ICBC American Express Card” comes nine months after American Express and ICBC inked their partnership in March this year.

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Mellon to Offer the MBI Benefits Card

Mellon has inked a deal with MBI to offer health plans and third party administrators a Mellon health savings account combined with the “MBI Benefits Card”. Mellon and MBI will offer health plans and third party administrators (TPA) a single source to establish HSAs as well as to process, track and transfer payments for these accounts. In addition, health plans, TPAs and employers can offer employees easy access to their HSA funds with the MBI Benefits Card. Mellon is one of the world’s leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, human resources and investor solutions, and treasury services. MBI offers a consumer-directed benefits payment platform plus the country’s #1 employee benefits card — electronically accessing Flexible Spending Accounts, Health Reimbursement Arrangements, Health Savings Accounts, Transit/Parking Accounts and Dependent Care Accounts all on one card.

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Bombardier Learjet Gift Card Introduced

Bombardier Skyjet has launched the “Bombardier Learjet Gift Card” offering five hours of prepaid flight time. The Bombardier Learjet Gift Card from Bombardier Skyjet offers five hours of flight time in a Bombardier Learjet from any of 5,000 airports in the continental United States. The fortunate few who receive the Bombardier Learjet Gift Card will be treated to a bottle of champagne as part of their onboard catering along with complimentary limousine service. ombardier Skyjet offers the Premier Fleet private jet card program for frequent private jet travelers. Premier Fleet offers customers a choice of 25, 50 or 100 flight hours in a preferred size of aircraft, and guaranteed availability with a 12- hour advanced reservation.

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