Lynk Systems Signs the Kansas Dental Association

The Kansas Dental Association has formed an alliance with Lynk Systems to offer its members a comprehensive suite of payment options. Lynk provides LynkPartners with a range of products to meet the needs of members’ individual processing, including credit, debit, EBT and check processing, e-commerce solutions, gift card, and loyalty programs. LynkPartner is a relationship program enabling banks and associations to offer their business members with value-added payment processing services. The Kansas Dental Association is a volunteer nonprofit organization with 1,168 members. It represents a commitment for the oral health of Kansas citizens along with all areas of the dentistry profession.

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JCB World Conference Draws 500

JCB held its “9th World Conference” in Kyoto with 469 representatives from 261 JCB partner companies in 47 countries attending. Presentations were made by top JCB management and regional speakers from JCB partners Bank of China, the Philippine’s Equitable CardNetwork, Germany’s B+S Card Service, GmbH, Global Payments, and Toyota Financial Services. Participants each received a contact/contactless interface plastic credit card as well as a G-Shock watch equipped with RFID contactless credit, and had a chance to simulate contactless credit payment purchases at street stalls during a mock Japanese festival.

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Grant Given to Expand Smart Cards in Latin America

The U.S. Department of Commerce’s International Trade Administration has awarded the Smart Card Alliance a grant to be used to expand the market for smart cards in Latin America. The SCA has approximately 100 corporate, government, university, and associate members who represent manufacturers, software developers, banking organizations, system integrators, government entities, security companies, and other organizations. The alliance plans to increase awareness in Latin American markets about the benefits associated with smart card technology. The grant to the SCA was available through the Commerce Department’s Market Development Cooperator Program (MDCP).

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Rewards Network Expands Hotel Program

Chicago-based Rewards Network has expanded its hotel rewards program into Canada. RBC Royal Bank signed an agreement to provide its VISA cardholders with additional rewards points when dining. This is the first Canadian bank alliance for the Rewards Network. Last month, Hudson’s Bay Company introduced the “Hbc Rewards Dining & Hotels Program” in partnership with the Rewards Network. With plans to add non-dining merchants throughout Canada, Rewards Network currently includes more than 10,400 restaurants in Canada and the U.S.

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AirPlus Names a New Executive Director/Global Markets

AirPlus has hired Christian Gall, former VP/technology solutions at Carlson Wagonlit Travel, as executive director, global markets. Mr. Gall will be responsible for leading all global marketing activities for AirPlus. As former vice president for technology solutions at Carlson Wagonlit Travel, Gall increased productivity and services and reorganized Travel & Expense management processes in Europe, Africa, and the Middle East. He also implemented products in multinational groups worldwide. AirPlus International is the leading European market in corporate travel payment systems and management information reporting solutions.

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MasterCard Forms Eastern Europe Region

MasterCard Europe is gearing up for Eastern Europe with a new regional manager and a restructure of the region. Twelve-year MasterCard veteran Bella Stavchansky has been promoted to head the Eastern Europe region. The Europe region has been restructured into four segments: the Central Region, the Northern Region, the Southern Region, and the Eastern Region. The are 18 countries in the Eastern Europe region. At present there are four million MasterCard credit cards and 32 million Maestro cards held throughout Central and Eastern Europe and the Balkans. The MasterCard Europe president is Dr. Alex Labak.

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Egg VISA Sale in France Gets the Green Light

The French Works Council gave its blessing on the sale of Egg’s credit card business in France. Banque Accord agreed to pay Egg $179 million for 66,000 customers and net assets of approximately $262 million. According the CardFlash International, Egg also has a pending offer from ING Direct France for its savings and online brokerage business in France, which includes approximately 45,000 accounts. In July, Prudential, majority owner of Egg, announced it was exiting France after racking up nearly $184 million in losses. The partial disposal with Banque Accord will result in the re-deployment of approximately 100 of Egg France’s 450 workforce. Banque Accord has 3.5 million clients in Europe including more than 2.0 million in France, and employs more than 700 people in France, Warsaw, and Lisbon. Banque Accord has a call center in Tours. For the second quarter, Egg produced an operating profit for its British “Egg VISA” card of $35.7 million versus an operating loss of $30.3 million for its French “la Carte Egg VISA.”

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eSecurity Japan Teams with iBIZ Software

eSecurity Japan, a new spin off of the parent company Open Source Japan, has teamed with iBIZ Software for the sales and implementations of “iBIZ CommerSafe” and “iBIZ PhishSafe” product lines in Japan. eSecurity Japan will offer online authentications and anti-phishing solutions to banks that provide online services, card issuers and acquirers, payment processors, and Internet merchants.
iBIZ Software’s CommerSafe Product Suite, has been compliant with each of the 3-D Secure programs from their very launch, including Verified by VISA, MasterCard SecureCode, and JCB J/Secure.

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Credito Emiliano Selects NCR Teradata Data Warehouse

Credito Emiliano has selected NCR’s Teradata data warehouse to support its retail sales and management initiatives. Credem launched the “Change Project” to develop and deploy a customer relationship management. Credem (Banking Group Credito Emiliano – Credem) has a presence in 16 regions in Italy, with 429 branches, 38 Business Centres, 27 Credempoints, 512 authorized financial salespersons, and a network of over 220 personal finance managers.

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Top 5 Issuers Control 63% of the U.S. Market

Consolidation in the bank credit card industry has given the top issuers control of more than 60% of the U.S. market. At the end of the third quarter, the top five issuers held $430.9 billion in U.S. card loans in a market of approximately $680 billion. Over the past five years, the market share of the top five issuers hovered around 53%. In 2000, the top five held $295 billion in card loans in a market of $569 billion. The recent merger of Chase and Bank One created the nation’s largest issuer with $131.5 billion in credit card outstandings. The Bank of America and FleetBoston merger also added more share to the top five issuers. At the end of the third quarter the top five U.S. issuers are: Chase, Citibank, MBNA, Bank of America, and Discover. For complete details on the third quarter performance of U.S. issuers, visit CardData ([www.carddata.com][1]).

TOP 5 – 3Q/04
Rank/Issuer Receivables
1. Chase $131.5 billion
2. Citi $117.2 billion*
3. MBNA $ 79.7 billion
4. BofA $ 55.4 billion
5. Discover $ 47.1 billion**
TOTAL $430.9 billion
*includes some non-U.S. accounts within North America
** as of August 31st

Top 5 Historical – Third Quarter
YEAR RECEIVABLES
2000: $295.0 billion
2001: $330.6 billion
2002: $352.7 billion
2003: $362.7 billion
2004: $430.9 billion
SOURCE: CardData (www.carddata.com)

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

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MODUS MASTERCARD

Xbox Live, Microsoft, Maybank, and MasterCard have teamed to introduce a prepaid card to offer Singaporeans an alternative payment method to register for the Xbox Live service and to purchase premium content. The “Xbox Live Modus MasterCard by Maybank,” a “MasterCard Electronic Card,” is the first prepaid card to be launched in the country. The card can be used at all merchant establishments worldwide that are equipped with EDC terminals and display the “MasterCard Electronic” brand mark. The card carries a $19.90 fee and cardholders can limit the spending limit from as low as $500, up to $3,000 per
day. The new card will be available at 120 authorized Xbox retail outlets and Maybank branches next month.

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