VISA CARGO

Visa has launched its “Visa Cargo” multi-functional commercial card with
prepaid functionality and an optional line of credit. Developed in
Brazil to address the needs of the truck transportation industry, “Visa
Cargo” allows shipping companies and cargo carriers to charge the value
of the freight directly to the card, provides the Visa Vale Pedagio
functionality for toll payments throughout the country using the same
plastic and replaces inefficient paper-based payment instruments like
the “Freight Letter.” “Visa Cargo” is accepted at more than 1.6 million
gas stations, restaurants, auto mechanic shops and tire store merchants.
Additional options allow for an extended warranty, purchase protection
and various types of insurance that can provide peace of mind for truck
drivers during their trips.

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VIETIN BANK & JCB

With the number of Japanese visiting Vietnam having grown 21% in 3 years
to 390,000 in 2008, JCB International international payment announced
Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietin Bank)
credit card acquiring bank began fulfilling agreements originally signed
with JCB in 2007. In doing so, JCB cardmembers are now allowed to use
their JCB credit cards for purchases at approximately 3,500 Vietin Bank
merchants by March 2011. JCB and JCBI have been building acquiring
license agreements in Vietnam since first signing with Joint Stock
Commercial Bank for Foreign Trade of Vietnam in 1991. JCB has been
actively partnering with such banks as Asia Commercial Joint Stock Bank,
Dong A Commercial Joint Stock Bank, and Sai Gon Thuong Tin Commercial
Joint Stock Bank, mainly to accommodate Japanese tourists.

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PROMOTION ACT

AirPlus International corporate travel payment solutions has released
the November edition of “The Wire…from AirPlus” focused on the proposed
U.S. Travel Promotion Act, of which more than 60% of respondents were
not aware. Additional findings show 29% were unsure of the details of
the Act; over 53% were unsure how the money collected would be used; and
73% felt that if implemented, the fees would be reciprocated for U.S.
travelers into other countries. “The Wire…from AirPlus” is a monthly
report on the pulse of the industry and its relevant topics while the
November edition is based on a survey of 96 travel management
professionals in North America, Europe, Africa and Asia/Pacific.

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TRINTECH 3Q/09

Trintech Group integrated financial governance, transaction risk
management, and compliance solutions has announced revenues of $10.0
million for 3Q/09, an adjusted EBITDA net income of $1.4 million and net
income for the quarter of $512,000. Revenue fell 1% while EBITDA was up
from a net income of $550,000 from the year ago period with cash
balances of $18.9 million having generated just over $1.0 million cash
for the Q3/10 fiscal year. Meanwhile, gross margin amounted to $6.7
million in Q3 of the 2010 fiscal year, representing 67% of revenue,
compared to $6.5 million representing 64% of revenue in Q3 of the prior
year. Total gross margin was $6.7 million, an increase of 3% from $6.5
million in the corresponding quarter in the prior year, and total
operating expenses for the third quarter ended October 31, 2009 were
$6.2 million, a decrease of 15% from $7.2 million in the corresponding
quarter in the prior year primarily due to headcount reductions and
lower salary costs. During the quarter, Trintech announced that Amplifon
(UK) had selected its “ReconNET” software for financial process
compliance, a component of Trintech’s Unity platform, and that OSM
Corporate Services selected its “AssureNET Express” software for
financial process compliance, a hosted component of Trintech’s Unity
platform.

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F&S MOSCOW

Frost & Sullivan International growth partnership firm has opened its
Moscow regional office to further expand facilitate its global reach and
provide service to its growing client base in the Commonwealth of
Independent States (CIS) and Russia. This is in addition to the 40 Frost
& Sullivan regional offices worldwide and nearly 50 years of experience
in partnering with Global 1000 companies, emerging businesses and the
investment community. Frost & Sullivan is tactically poised to provide
the accurate, timely and objective information necessary to enter this
challenging economy and with this development has brought together top
caliber analysts and consultants specializing in the region for many
years.

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Holiday Payment Card Spend Volume to Sink 7.5%

Based on numerous projections as well as the latest figures from Visa, MasterCard, Discover and American Express, it appears that holiday related credit card purchases will fall nearly 14% and store credit card purchases will fall more than 9% for the the 2009 holiday season, while debit card purchases will rise about 10%. Survey after survey shows cash will be “King” this year. Americans are projected to use general purpose credit/debit cards and store credit cards to charge about $126 billion in retail purchases this holiday season, compared to $136 billion last year and $148 billion in 2007. The figures exclude travel, everyday and business expenses. The National Retail Federation forecasts that sales will decline to $437.6 billion for 2009, compared to $447.5 billion last year. Archstone Consulting found that holiday retail sales this year will likely decline 1.0% from the year-ago period, which saw a 2.8% Y/Y decline, representing the first back-to-back decline in holiday retail sales in the last four decades. The NRF’s 2009 “Holiday Consumer Intentions and Actions Survey” by BIGresearch, show U.S. consumers plan to spend an average of $682.74 on holiday-related shopping, 3.2% less Y/Y. A USAA survey found that 85% of consumers plan to use cash to make holiday purchases this year. MA-based Burst Media found that nearly 63% of consumers will cut back this year. The bright spot: The latest “American Express Spending & Saving Tracker” found that gift cards will be the gift of the season at 58% vs. all other gift selections. (CF Library 10/05/09; 10/06/09; 10/20/09; 11/02/09; 11/16/09: 11/23/09)

Holiday Card Volume
(four weeks ending 12/25)
2005 2006 2007 2008 2009 Y/Y Gain
Credit: $ 77.1 b 85.6 92.2 77.1 63.5 -13.6%
Debit: $ 28.2 b 35.3 41.0 45.6 50.2 +10.0%
Store: $ 14.7 b 13.9 15.1 13.0 11.8 – 9.2%
TOTAL $120.0 b 134.8 148.3 135.7 125.5 – 7.5%
Source: CardData (www.carddata.com)

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SCOTIABANK & M-COM

Scotiabank has partnered with M-Com international mobile banking and
payments solution provider to offer Scotiabank customers m-banking in
the spring of 2010. The Scotiabank mobile banking service will provide
customers easy account access from their mobile device, regardless of
their mobile service provider, to view balances, transaction history,
pay bills and make transfers. GA-based M-Com is an international mobile
banking and payments solution provider with live Fortune 500 banking
customers across Asia Pacific, the Middle East and North America.
Scotiabank employs 69,000 and serves approximately 12.8 million
customers in some 50 countries around the world.

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Radiant Systems Unveils New POS Systems

POS provider Radiant Systems has launched of the Radiant P1560 and P1760 POS
hardware terminals for use across the hospitality and retail industries.
The fit-for-purpose P1560 and P1760 POS terminals with 15-inch and
17-inch screens, respectively, are built to withstand challenging
operating conditions common to the hospitality and retail industries.
With high-bright screens, integrated speakers and encrypted magnetic
stripe readers, the new terminals ensure ease of use for employees and
enhanced payment security for guests. The latest Intel mobile chipset
technology consumes less power, thereby decreasing operators’ energy
expense. In addition, Radiant P1560 and P1760 terminals are configurable
to specific operator needs and integrate with Radiant POS software
applications to allow for the utmost technical efficiency and
reliability. The streamlined design of the P1560 fits perfectly in a
wide variety of business environments while the P1760 provides more
screen surface space as may be needed in specific aspects of the
operations, such as host stations for easier viewing of restaurant floor
plans and automated management of tables.

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RAHAXI 3Q/09

Rahaxi international card payments processor and technology reported
financial results for the three month period ending September 30, with
net losses having fell $1,132,279 by 66% from the year ago figure of
$3,351,972. This decrease is being attributed to a reduction in the
costs of Transaction Processing and our Selling, general and
administration expenses, which were $1,629,918, compared to the year ago
figure of $3,791,896 for the three months ended September 30, 2008, a
decrease of 57%. Cost of transaction processing and related revenue was
$203,846 for the three months ended September 30, 2009, compared to
$353,014 for the prior three months ended September 30, 2008, a decrease
of $149,168 or approximately 42%. The Company also reported a
significant increase in Hardware related revenue, which was $397,173 for
the quarter compared to $163,723 during the prior period for an increase
of approximately 143%.

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Ignify eCommerce 4.0 Becomes PCI Certified

E-commerce, ERP and CRM provider Ignify has announced that “Ignify
eCommerce 4.0” has achieved PCI Security Standards
Council compliance for the Payment Application Data Security Standard.
“Ignify eCommerce 4.0” is an end-to-end online storefront and business
commerce platform. This leading solution offers several refined features
including: advanced heuristic fraud detection, real-time reporting and
Google analytics, and a unique marketing & promotions module allowing
administrators and marketing staff to deliver promotions, edit coupons
and mark discounts all on-the-fly from a simple easy to understand
dashboard. In addition, Ignify eCommerce 4.0 is the leading online web
store and e-commerce solution for Microsoft Dynamics ERP and has been
deployed at over 200 sites including: McDonalds Corporation, Aerosoles,
Giant Bicycles and the Atlanta Falcons and Dallas Cowboys NFL teams
among many others. This ensures Ignify eCommerce customers
the highest level of protection against fraud and data theft by passing
PCI’s strict standards against storing sensitive data including magnetic
stripe, CVV2, or PIN numbers for online transactions.

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ATM-RECYCLER G7

OKI Electric Industry has launched its “ATM-Recycler G7′ cash recycling
ATM, allowing multiple currencies handled by a single ATM. Having
already gained a strong sales track-record in China and Korea, the
“ATM-Recycler G7′ will allow OKI to start selling ATMs to the wider
market. This is in addition to the already available OKI “ATM 21S’
multifunctional ATM, the space-saving “ATM21SX’ and a growing demand in
Asian markets for cash recycling ATMs. Aside from capabilities to handle
banknotes of multiple currencies of different sizes, designs, and
security information, the “ATM-Recycler G7′ offers a high performance
and reliable new banknote recycling module; has high capacity to hold up
to 16,200 banknotes; consumes low operative energy for reduced
environmental impact ; and a secure, uniquely-formed card slot and a
sensor to detect parts used for skimming.

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GE and SABIC Offer Next Gen Holographic Cards

GE Global Research and SABIC Innovative Plastics have developed a new class of holographic materials that could enable secure ID and payment cards. Because the materials can be processed in plastic , this new technology could serve as a next generation platform for a variety of ID badges or cards, including credit cards. This Secure ID technology uses volume holography to store information in a much higher security format. Holograms are commonly used today for a variety of ID and card applications to verify their authenticity. However, because they are only stamped on the surface of a card, their authenticity can be compromised. GE-SABIC Innovative Plastics’ Secure ID technology stores holograms within the card material itself, making it virtually impossible for a card to be altered. GE scientists have been working on holographic technology for over six years. One of the biggest achievements of the program has been the ability to process holographic materials in plastic. These holographic materials can be directly laminated to a card, injection molded into a part, extruded into film, or cast into a very thin film.

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