SOUTHEAST ASIA CROSS BORDER FRAUD

Mobiclear identity protection has signed agreements to sponsor the
“Southeast Asian Cross Border Fraud Convention”, which will be held on
February 29th-March 1st. Additionally the convention will host the 14
member banks of the Credit Card Association of the Philippines
(CCAP), providing what Mobiclear sees as an opportunity to introduce
banking products in the region, to which the organization hopes to
eventually contribute transaction security. Moreover, the MobiClear
provides anti-fraud identity solutions around the world, which the payment
security provider estimates a growth of $20 billion per annum.

Hypercom Introduces the Optimum M4200

Hypercom rolled-out the new “Optimum M4200” series of mobile electronic payment terminals. The “M4200” mobile series will be available with or without an integrated smart card reader for global deployments, with a choice of long-range GPRS with dial backup or Bluetooth wireless with dial or Ethernet connectivity. The rechargeable battery supports more than 200 transactions per charge even while printing receipts. The line offers the same rapid 32-bit multi-application processing, compact form factor and memory size as Hypercom’s recently released “Optimum T4200” countertop platform. The series also features the latest security standards approvals, including PCI PED, EMV Level 1 & 2 and MasterCard’s PTSP. The M4200 family shares the same application development toolkit and user interface as the T4200, enabling business applications written for one platform to be quickly repurposed for the other for fast deployment.

SOUTHEAST ASIA CROSS BORDER FRAUD

Mobiclear identity protection has signed agreements to sponsor the
“Southeast Asian Cross Border Fraud Convention”, which will be held on
February 29th-March 1st. Additionally the convention will host the 14
member banks of the Credit Card Association of the Philippines
(CCAP), providing what Mobiclear sees as an opportunity to introduce
banking products in the region, to which the organization hopes to
eventually contribute transaction security. Moreover, the MobiClear
provides anti-fraud identity solutions around the world, which the payment
security provider estimates a growth of $20 billion per annum.

TRINTECH GROUP PLC

The Trintech Group has reported its 4Q07 revenues and performance
ended January 31, 2008 showing an adjusted EBITDA income of
$595,000 and a net loss of $706,000. Among other information
reflected in the release, following the Company’s acquisition of Movaris,
was Trintech’s reported 19% revenue growth of $8.9 million, a total
annual revenue growth of 28% since 2006, a gross margin growth by
nearly 1 million to $6.4 million in the quarter and a total annual gross
margin of $22.2 million. Moreover, Trintech reduced its expenditure in
research by 17% to $1.2 million, reduced annual reduction in research
costs by 1% to $4.9 million, increased expenditure in marketing by 60%
to $2.7 million, showed a 2007 annual increase of 51% in marketing
expenditure to $10.7 million, an adjusted EBITDA income of $595,000
for 4Q07, and an adjusted EBITDA loss of $327,000 for the fiscal year.
The Trintech Group provides integrated financial governance and risk
management worldwide for over 500 organizations.

CNAPS CORE PAYMENT

Clear2Pay announced the deployment of its “CNAPS Core Payment
System” with the Kuitun City Credit Union. With this development, the
solution will provide the credit union with the ability to conduct faster
inter-/intra-city payments and fund settlement transactions. Clear2Pay’s
Open Payments Framework solutions (SOA) allow banks to process
payments for all payment types and operates 10 international offices,
with 220 employees, serving 50 clients around the world.

PowerPay Teams with PAGE Cooperative

E-payment provider PowerPay has partnered with PAGE to offer payment processing to PAGE Cooperative’s 1,800 members. PowerPay makes it possible for small and independent newspapers across the country to furnish various online payment solutions to their customers in areas such as subscription and advertising billing. PAGE Cooperative members can benefit from PowerPay’s complete in-house capabilities to maximize their payment processing efficiency, security and investment through a consultative approach, custom-fit solutions and 24/7 customer service. PAGE Cooperative is a not-for-profit, member-owned buying association for privately held newspapers. PowerPay offers a broad portfolio of payment processing solutions to merchants via four major acquisition channels: e-commerce, software developers, financial institutions and direct merchant-level sales.

Passlogix Supports Crescendo Cards

NY-based Passlogix and its “v-GO Sign-Platform” now supports HID Global’s “Crescendo” access control cards. “Crescendo” is a smart card that can be deployed for both logical and physical access control and other secure identity-related applications and is designed to work with existing physical access control systems incorporating different types of magnetic stripe, proximity or contactless 13.56 MHz smart card technologies. “v-GO’s ability” to mix and match authentication methods, including the proximity and smart card capabilities of Crescendo, also makes it possible to use different methods with different user groups such as physicians, nurses, pharmacists and accounting personnel based on their needs and preferences.

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.

Target’s Q4 Credit Card Profits Rise 12%

Target reported that its pre-tax credit card profits for the quarter ending February 2nd increased 12% over the year-ago quarter. Credit card outstandings for the quarter increased 28% year-on-year, topping $8.62 billion. Target says Target’s fourth calendar quarter pre-tax credit card profits were $137 million, compared to $157 million in the prior quarter and $122 million one-year ago. Target reported that its total credit card receivables, which include its VISA and “Guest” cards, were $8.624 billion as of February 2nd, compared to $7.652 billion for 3Q/07 and $6.711 billion one-year ago. Delinquency (60 days+) for 4Q/07 increased to 4.0%, compared to 3.8% in the previous quarter and 3.5% one-year ago. Charge-offs, as a percentage of period-end receivables, decreased to 6.4% for 4Q/07, compared to 7.0% in the prior quarter, but up from 6.1% one-year ago. During the third quarter Target announced it began reviewing potential ownership alternatives for its credit card business. For complete details on Target’s latest performance, visit CardData ([www.carddata.com][1]).

TARGET CARD LOAN HISTORICAL
4Q/06: $6.711 billion
1Q/07: $6.510 billion
2Q/07: $6.906 billion
3Q/07: $7.652 billion
4Q/07: $8.624 billion
Source: CardData (www.carddata.com)

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

SenSage Joins the PCI Vendor Alliance

Event data warehouse solution provider SenSage has joined the PCI Security Vendor Alliance. SenSage’s EDW solution uses agent-less technology to collect data from any source where cardholder data exists or may be accessed. This includes network infrastructure devices, servers, applications, mainframes and the databases that store cardholder data. SenSage stores the data in a columnar database, and provides real-time alerts and transforms this data through built-in log data analysis. The SenSage for PCI DSS Compliance analytics package provides organizations with this actionable intelligence mapped to the specific PCI DSS requirements, addressing not only Requirement 10 but providing numerous reports aimed at addressing other PCI requirements. SenSage’s solution supports the breadth of log data sources where cardholder data exists and has the ability to store the data online for years.

JET AIRWAYS, TATA & SBI CARDS

Jet Airways’ “JetPrivilege” flyer program has signed agreements for the
conversion of points-to-airmiles with Tata and SBI cards. With these
agreements, both Tata and SBI credit cardholders, who are “JetPrivilege”
members as well, can convert card points to JPMiles, with their “Empower”
and “Platinum Card”, “SBI Gold Card” and “SBI International/Domestic”
cards, respectively. This development is part of a recent Jet Airways
initiative to provide members with a more extensive list of opportunities
for earning “JPMiles”. With this airmiles program, travelers can redeem
points for free flights to destinations around the world.

AmEx & Delta Introduce Pay with Miles

American Express and Delta launched “Pay with Miles,” an exclusive new built-in benefit for “American Express Gold” and “Platinum Delta SkyMiles” cardholders. “Pay with Miles” enables cardholders to book flights on delta.com and use “Miles” to pay for all or part of a Delta ticket, with no blackout dates or inventory restrictions. The “Pay with Miles” feature is an additional option that complements Delta’s existing award travel options. Cardholders can pay with “Miles” for any Delta seat, in any class of service, on any route. Cardholders can use all the “Miles” in their “SkyMiles” bank, not just those earned by spending on their credit card. There is no limit on the number of times the “Pay with Miles” benefit can be used, and there is no cap on the number of Miles that can be used. No enrollment is required, and there is no fee to use “Pay with Miles.”