CIBC VISA INFINITE

CIBC is set to unveil its “Aerogold VISA Infinite Credit Card”, offering
such features as travel medical insurance, trip interruption insurance and
various discounts. As an addition to CIBC’s “Aerogold” line, which provides
nearly 2,000 with the “Aeroplan Miles” frequent flyer program, the new
card allows users to earn 1.5 miles for every dollar spent. The CIBC
financial institution provides 11 million personal and business customers
with bank accounts, providing a range of products and services across
North America.

EFRESH

VendTek Systems has launched its eFresh SMS solution for the
electronic delivery of consumers’ PINs via SMS to mobile phones.
This solution was developed partly in response to statistics showing
the global popularity of mobile phones, with developed countries
accounting for 56% of all mobile users. The “eFresh SMS” integrated
solution operates on POS, ATM, PC, and Web based distribution
points allowing merchants to request a PIN by sending an SMS to
the server with instant results. VendTek provides automated
transaction system software and solutions.

BUY & GIFT PRODUCTS

Points International and Amtrak Guest Rewards have partnered to offer
loyalty program members the benefits of the “Buy and Gift Points
Program,” which allows users to purchase additional miles/points online.
This development is part the Points International recent growth with
worldwide partners, whom recognize the value-adding features of the
Organization’s website. This website is fully hosted and maintained by
Points.com, linked to the Amtrakguestrewards.com domain and provides
users with convenient access to “Buy and Gift Points”. Amtrak serves over
70,000 passengers, on up to 300 trains, on a daily basis across the U.S.
while Points International Ltd allows consumers to manage their miles and
points through more than 25 reward programs.

BENCHMARK & MINT.COM

Mint.com money management solution has raised $12 million in Series B
financing, led by Benchmark Capital. Mint.com hosts an Internet-based
consumer financial management application with over 160,000 users, for
who the organization manages nearly $10 billion in transactions. Moreover,
the site provides users with free tools for budgeting, a social spending
comparison feature and support for investment accounts, including brokerage
accounts, mutual funds, IRAs and 529 plans. The product is useful for
demonstrating what the user’s money is spent on and for providing money-
saving tips. Mint.com works with over 5,000 banks, credit cards and
investment accounts on a daily basis to provide its services while
Benchmark
Capital manages over $3 billion in committed venture capital to
entrepreneurs
in need of financing.

AIR MILES CONSUMER SURVEY

According to the latest research commissioned by AIR MILES, based
on the online surveys of 2,895 Canadians, 82% of are anxious for
warmer weather, 33% of those who have children plan to vacation in
March of 2008, 33% plan to vacation in Canada, 40% will vacation
close to home and 18% will leave the confines of Canadian borders.
Of those traveling internationally, 64% have scheduled warm-weather
destinations while 15% have chosen less temperate locations. Out of all
travelers surveyed, 81% plan to spend $1,000 or less during their time
away while 50% will pay for these activities using credit cards. Moreover,
AIR MILES reports, based on its Reward Program findings, its Collectors
redeemed reward miles for 2008 travel to a wide range of locations,
including Canadian destinations, Florida, Las Vegas, California, Phoenix,
New York, Mexico, Hawaii, Europe and the Caribbean (listed in order
of popularity).

HPY & COLLECTIVE POS

New Jersey-based Heartland Payment Systems has acquired a majority interest in Collective Point of Sale Solutions. Heartland will add CollectivePOS’ 5,000+ Canadian customers – processing in excess of $1 billion annually – to its growing portfolio of small and mid-sized businesses. CollectivePOS’ management team, led by President and CEO Michael Back, will maintain its leadership of the company, and
its customers’ payments transactions will continue to be processed and
serviced by the company. As such, operations will continue seamlessly,
and CollectivePOS merchants will not need a system conversion.

PREDICTIVE SCIENCES GROUP

Predictive Sciences Group, Equifax Canada’s research division, has
released figures demonstrating an increase in bill payment punctuality
with the average delinquency rate having declined 21% between
2Q05 and 4Q07. Through the evaluation of the average Canadian
national delinquency rate every six months, The Predictive Sciences
Group found a rate decrease from 1.6% to 1.2% during the
aforementioned period, mostly due to credit card, term loan and credit
line payments statistics. There were however regional findings as well.
Toronto’s delinquency rate, defined as accounts more than 90-days passed due was calculated at 1.73% while
Quebec City only showed a rate 0.67%.

ADS & IHG

Alliance Data Systems Corporation and InterContinental Hotels Group (IHG)
have signed a multi-year renewal agreement to sponsor Alliance Data’s
“Canadian AIR MILES Reward Program”. IHG has over 3,900 partner
hotels around the world for which “AIR MILES” collectors have been able
to earn reward credits toward night stays through the “IHG Priority Club”
since 1994. Nearly 70% of Canadian households participate in the “AIR
MILES Reward Program”, which is composed of participation from over 100
sponsors and can be redeemed for over 800 different rewards. With these
recent renewal agreements, consumers can depend on the sustainability of
the program. Alliance Data manages over 120 million consumer relationships
for North American companies and employs over 9,000 associates at more
than 60 locations worldwide while InterContinental Hotels Group PLC
represents over 585,000 guest rooms in nearly 100 countries.

SCOTIABANK & MAZDA

Scotiabank’s ScotiaStar Network has partnered with Mazda Canada
to provide 5X rewards when certain purchases are made with
automobile company. These purchases include parts, service and
automobile down payments. The free ScotiaStar Network provides
Scotiabank VISA cardholders with automatic rewards, following
enrollment, for a convenient rewards solution. Scotiabank has over
60,000 employees, serving nearly 12.5 million customers across nearly
50 countries, and had $412 billion in assets for 2007 while Mazda Canada
has nationwide network of 160 dealerships.

CEO AMERICA & CEO CREDIT

CEO America, CREDITZ Digital Currency licensee, has signed agreements
to acquire the assets of CEO Credit Inc, with which the acquiring
Organization plans to deploy the “CEO Canada” wholly-owned Canadian
subsidiary. With the subsidiary, CEO America will manage the Canadian
license and operations of CREDITZ. Subsequently, shareholders will exchange
one share of CEOX for one CEO America share and retain their shares in
CEOX. With this consolidation, CEO America can streamline activities and
reduce cost, which will funnel to the customer.

MONITISE EXEC

Monitise Americas has appointed Jeff McLaughlin as the Executive VP
of Mobile Strategy to drive accelerated mobile banking use in the US,
Canada and Mexico. McLaughlin brings with him over 13 years’ experience
in the wireless industry, having worked with such organizations as
mFoundry,
McCaw Cellular/AT&T Wireless, BCGI, GetConnected and Refresh
Mobile, and is the author of “Consumer’s Guide to Cell Phones & Wireless
Service”. Since its inception in the Fall of 2007, Monitise Americas has
signed
agreements with 20 financial institutions to provide customers the
convenience
of “Mobile Financial Services”, which includes account review, funds
transfer
and text message alerts.

CRYPTOMATHIC EXPANSION

Cryptomathic security solutions has opened offices in Montreal, Canada,
to support North American consumers and mark the
Organization’s global expansion. Recently appointed Boris Schumperli
will oversee the Canadian operations, bringing with him consulting
experience
in the smart card security industry, which was established in response
to high
demand for security solutions in the banking sector throughout the
significant
region, namely in EMV data preparation solution demand. Cryptomathic
security solutions provider has over 20 years’ experience assisting
companies
in various sectors around the world.