Equifax Unveils an Ability to Pay Package

Equifax has introduced a new product suite for credit issuers and lenders to assess consumers ability to pay. Equifax enables a timely and holistic view of consumers’ “ability to pay” by offering specific measures to complement a firm’s own risk management data and strategies. Firms can take advantage of these solutions today, including: the “IXI Ability to Pay Index and the Credit Capacity Index; Income and Employment Verification with The Work Number Income: Employer provided, verified income at the individual level and “IXI Income360”: Estimated total household income including income from wages and income generated from invested assets, continuous up to $2M; “Equifax Personal Income Model”: Estimated individual income; “Equifax IRS Direct”: Verify income using the IRS’s Form 4506-T; the “Equifax Credit Report”
and the “IXI Discretionary Spending Index and Discretionary
Spending Dollars”: Estimated household discretionary spending,
exclusive of non-discretionary expenses, provided as a dollar amount or
index. The suite also provides analytic evaluation of more than 100 debt and income relationships, real time or batch delivered.

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JSC AMEX CARDS

The CARTES & IDentification Conference to the Sesames Awards and the
high numbers at the stands, visitor numbers hit 19,883, up from 19,752
in 2008, 68% of whom were from abroad (63% in 2008). Next year’s show has been slated for December 7th to 9th. Representing 146 countries (132 in 2008), the trade show confirmed its international
influence with 427 exhibitors, 78% of whom were from outside France.
Furthermore, the 18 conferences on offer over the three days welcomed
1,228 delegates, 85% of whom were from outside France. IDentification,
dedicated to identification and authentication technologies, hosted 72
companies which demonstrated the dynamism of the identity protection
sector. The winners of the 2009 SESAMES were announced to around 500
guests and include the HARDWARE SESAME AWARD to Gemalto/Leti/Raisonance;
the SOFTWARE SESAME AWARD to Sagem Orga; the IDENTIFICATION APPLICATION
SESAME AWARD to JDSU; the IT SECURITY APPLICATION SESAME AWARD to
Neowave; the HEALTH APPLICATION SESAME AWARD to Gematik; the TRANSPORT
APPLICATION SESAME AWARD: ERG Transit Systems; the MOBILE APPLICATION
SESAME AWARD to Gemalto; the BANKING/FINANCE/COMMERCE APPLICATION SESAME
AWARD to Hypercom; the E-TRANSACTIONS APPLICATION SESAME AWARD to
Monext; and the LOYALTY APPLICATION SESAME AWARD to Oberthur Technologies.

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Moneris Solutions Inks Chegg.com

Online textbook retail provider Chegg.com has signed Moneris Solutions
for payment processing.
Under the terms of the agreement, Moneris will process all Visa,
MasterCard, American Express, Discover Card and debit card payments for
textbook rentals made through Chegg.com, as well as payments made with
Chegg.com’s own pre-paid Visa card. to date, Chegg.com has rented over
one million
textbooks to students at over 6,400 campuses nationwide and saved
students over $53,000,000. Moneris Solutions
provides payment processing products and services to more than 350,000
North American merchants and processes more than 2 billion payment
transactions annually.

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OCT LEI

The Conference Board Leading Economic Index (LEI) for Japan increased by
1.7% while The Conference Board Coincident Economic Index (CEI)
increased 0.2% in October. With the 1.7% increase, the Conference Board
LEI for Japan now stands at 87.8 (2004=100), which increased 2.7% in
September and increased 3.1% in August. Meanwhile, the CEI results for
the month were preceded by a 0.3% increase in September and a 0.5%
increase in August and now stands at 95.7 (2004=100). LEI results for
the month were attributed to positive gains in 9 of the 10 components
that make up The Conference Board LEI for Japan, including the six month
growth rate of labor productivity, real operating profits, the index of
overtime worked, real money supply, the Tankan business conditions
survey, the (inverted) business failures, interest rate spread, dwelling
units started and the new orders for machinery and construction
component while the lone negative contributor was stock prices.

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YODLEE & MONEY DASHBOARD

Yodlee personal finance management and payments solutions has partnered
with Money Dashboard online personal finance management to launch the
“Money Dashboard” personal finance management portal powered by Yodlee
“PersonalFinance.” Available to all UK consumers in 1H/10, the
partnership is targeting the 75% of UK consumers now using online
banking, up from 54% in 2005, with Money Dashboard’s free, easy-to-use
online personal finance management solution. With its new service, Money
Dashboard will help consumers build confidence in their financial
situation, alter their view of financial products and shift the focus
from credit management to growing savings and building wealth,
ultimately bringing clarity, confidence to financial decision making.

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RAHAXI & CUP

Rahaxi international card payments processor and technology company is
set to offer its already certified platform for CUP debit card
acceptance to banks, third party processors and ISOs. Designed to expand
its CUP card acceptance service offering all over Europe and beyond,
this is being conducted in the hopes of deriving additional revenue from
the license and transaction fees it will generate from usage of its
platform. Rahaxi Incorporation provides mission critical solutions to
the financial industry worldwide, empowering merchants and acquirers to
focus on their core competencies and allow them to benefit from first to
market advantage and realize their true potential.

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CLAIRMAIL & EBPSOURCE

ClairMail mobile banking and payment solutions and ebpSource
international e-billing, e-invoicing and payment have together formed a
distribution partnership. With this, ebpSource Limited will be the
Master International Distributor of the ClairMail mobile banking and
payment platform, which is ideally positioned to strengthen ClairMail’s
reach in the international marketplace. ebpSource’s integration
experience, track record of successful deployments and close strategic
relationship with its clients is a perfect complement to ClairMail’s
best-of-breed mobile banking solution. This partnership will provide
ClairMail with further extensive reach in the emerging international
mobile banking market and grant access to an already well-established
list of Tier 1 clients.

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P2P Lending Focuses on Debt Consolidation

Prosper.com, the world’s largest peer-to-peer lending (P2P lending) marketplace based on an independent report from Deutsche Bank, released November 2009 performance data. Notable in November, the average credit score of funded borrowers was 718 and 54% of loans were for debt consolidation purposes. “This is the second month in a row where the majority of…

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DELHI & CUBIC

Cubic Corporation has established “Cubic Transportation Systems” to
embark on the dynamic Indian-regional market with a five-month smart
card-based fare collection trial aboard buses in Delhi. Pursuing
automated fare collection systems and services business throughout the
country and provide software development support for transportation
projects worldwide, Cubic installed and integrated its smart card
technology aboard new low-floor air-conditioned buses on one of the many
bus routes operated by the Delhi Transport Corporation. With this, Cubic
provided approximately 5,000 smart cards, smart card validators and an
open-architecture Driver Control Unit processing platform that
integrates automatic fare collection (AFC) and intelligent
transportation system applications, such as GPS-based vehicle tracking,
passenger counting and security systems.

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