USPS Selects eFunds’ EFT Software

The United States Postal Service has selected eFunds’ open systems electronic payments software for use at more than 33,000 locations and 70,000 POS devices nationwide. The eFunds solutions will support postal customers’ ongoing purchases of USPS products and services with a credit or debit card which can be used at a post office branch location, POS device, self-serve kiosk, or through the Internet. The USPS delivers 202 billion pieces of mail a year and has annual operating revenues of $68.5 billion. eFunds Corporation is a chief provider of risk management, electronic payments, and global outsourcing solutions.

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Jiffy Lube Greases the Shell MasterCard

Jiffy Lube, Shell Oil, and Citibank have teamed to offer “Shell MasterCard” users a 5% rebate on the first $100 of their daily Jiffy Lube purchases. Jiffy Lube and Shell are working on a campaign to advertise their new offer. Citi Cards issues the Shell MasterCards and is also promoting the rebates through mail coupons and other notices. Along with the rebate program, Jiffy Lube is now accepting Shell gas and fleet credit cards. Shell has 4.654 million cardholders. Jiffy Lube serves roughly 30 million customers at its 2, 200 service centers in North America. and is a wholly owned, indirect subsidiary of Shell Oil Company.

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Voyager 3.2 Platform Goes Enterprise-Wide

Corillian has introduced “Voyager 3.2” which incorporates enterprise-wide applications and services for delivery channels including online, branch, call center, IVR, and ATM. These services enable financial institutions to enjoy unprecedented efficiency by offering services to their customers across channels and multiple lines of business. The Voyager 3.2 platform provides various benefits including best-in-class online banking solutions for all major lines of business, an innovative new Enterprise Access Management system, service-oriented architecture supporting multi-channel interoperability, and unmatched scalability, performance, and reliability. Corillian is the leading provider of online banking solutions for financial institutions.

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Petco Promises Better Online Security

Petco Animal Supplies has reached a settlement with the FTC over security flaws in its Web site that allowed hackers to access consumer records, including credit card numbers. The Web site was vulnerable to Web-based application attacks. Under the settlement, Petco is prohibited from misrepresenting its protection of consumer information. Petco must establish and maintain a comprehensive information security program and arrange biennial audits of the program by an independent third party. Furthermore, the settlement includes record- keeping provisions that allow the FTC to monitor Petco’s compliance.

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CARDS AUG 04

Gross dollar volume for purchases on credit card and charge cards during August jumped 5% from the prior month, and 18.5% from one-year ago. However, total outstandings for August were flat compared to July, and up 12% since August 2003. Revolving balances, or balances accruing interest, increased slightly to A$19.5 billion during August, and up 11% from one-year ago, according to data released by the Reserve Bank of Australia. During August, Australians charged A$12.8 billion in purchases on credit/charge cards compared to A$10.8 billion one-year ago. At the end of August, consumers owed A$27.8 billion on credit cards versus A$24.8 billion for August 2003. Card credit limits reached A$74.8 billion at the end of August, compared to A$66.3 billion for August 2003. There are 11.2 million credit card and charge card accounts in Australia, compared to 10.6 million one-year ago.

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Toronto Partnership Targets Card Scams

The FTC says that 4.5 million consumers have been duped by advance fee loan scams, mostly credit card scams. Yesterday, law enforcement agencies in the United States and Canada teamed together to take on Ontario-based telemarketers who target U.S. citizens by running ads in U.S. newspapers that they pay for with stolen or compromised credit cards. The Toronto Strategic Partnership has brought 16 FTC cases and over 380 Canadian criminal charges, since 2000. The Toronto Strategic Partnership members include the FTC, the U.S. Postal Inspection Service, the Toronto Police Service, the Ontario Ministry of Consumer and Business Services, the Ontario Provincial Police, and the Canadian Competition Bureau.

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AFFN and MasterCard Form a Network Alliance

The Armed Forces Financial Network and MasterCard have formed a network alliance giving AFFN-branded cards access to Maestro merchant and Cirrus ATM terminals worldwide. AFFN is an electronic funds transfer network supporting chartered military banks and defense credit unions. It provides financial services to U.S. Armed Forces and civilian personnel on and near military installations all over the world. AFFN presently serves over 335 financial institutions and 89 million cardholders. The alliance enables AFFN cardholders to access the world’s largest global debit network, which is connected to over 7 million merchants and 935,000 ATM locations. MasterCard International provides a variety of services that support members’ credit, deposit access, electronic cash, business-to-business, and similar payment programs. The Company serves financial institutions, consumers, and businesses in more than 210 countries and territories.

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eFunds and WildCard Form a Partnership

eFunds and WildCard Systems have teamed to combine eFunds’ EFT debit product suite with WildCard’s stored value/prepaid card capabilities to offer a single source for both EFT and stored value processing capabilities. This solution enables customers to have a single point of access through eFunds’ DataNavigator software for research, reporting, settlement, adjustments, and reconciliation of accounts. Customers can also have one point of contact for stored value and pre-paid card solutions and do not have to be trained to use numerous systems from numerous vendors. WildCard Systems is a leading company that provides turnkey host-based prepaid cards and custom stored-value products. eFunds Corporation along with its subsidiaries, offers electronic transaction processing, risk management, and similar outsourcing solutions to financial institutions, electronic funds transfer networks, government agencies, and retailers worldwide.

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Pipeline Data Revenues Up 62% in Q3

Pipeline Data reported revenues of $11.1 million for the first nine months of this year, compared to $7.3 million one-year ago. The nine-month figure is well above last year’s entire year revenues. Gross sales for the third quarter were $4,172,339 representing a 2% increase over the prior quarter, and a 62% increase over the third quarter of 2003. Pipeline Data offers card processing services in three key areas: wireless mobile payment, e-commerce solutions and retail merchant payment. The firm currently serves over 10,000 merchant customers. For complete details on Pipeline’s latest results visit CardData ([www.carddata.com][1]).

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

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Diebold ATMs to Use Carreker’s QAS

Diebold is integrating Carreker’s “Quality Assurance Suite, Image Inspector,” into its “Opteva” family of ATMs. Carreker’s Courtesy Amount Recognition, Legal Amount Recognition (CAR/LAR), and Image Inspection technology will be integrated with Diebold’s image technology, enabling check images captured at Opteva ATMs to be evaluated for image quality. Carreker’s CAR/LAR technology increases the accuracy of check-amount recognition. According to David Bucci, senior vice president for Customer Solutions at Diebold, Diebold’s Intelligent Depository Module(TM) and Carreker’s Image Inspector(TM) together make self-service check acceptance ready for Check 21 legislation. Carreker Corporation works to improve revenues for financial institutions worldwide. Diebold, Inc. is a world-leading provider of self-service delivery systems, security, and services.

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Fiserv EFT Volume Up 17%

Fiserv reported EFT volume of 3.1 billion transactions for the first nine months of 2004, a 17% increase over comparable volumes in 2003. The ACCEL/Exchange Network, owned by Fiserv, reported record volume in September. Fiserv also drives the Armed Forces Financial Network, the Credit Union 24 network in Tallahassee, Florida as well as the surcharge-free Allpoint Network. It also processes electronic benefits transfer transactions. Fiserv, Inc. is a provider of information management systems and services to the financial industry. The company serves over 15,000 clients around the world.

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