CLX.SENTINEL

Giesecke & Devrient, CREALOGIX and EISST have brought to market
the G&D “CLX.Sentinel”. Based on the G&D Mobility Token, the
“CLX.Sentinel” reduces the risks involved in online banking thanks to
the integration of the Mobility Token with the security application,
which provides effective protection against all known cyber attacks.
Authentication requires users to plug it in, enter their pin number and
conduct secure online banking for e-banking applications. “CLX.Sentinel”
has been specifically optimized to safeguard sensitive web-based
applications as a plug-and-play solution with a zero-footprint security
solution, ensuring no trace on the computer left for potential cyber
attackers. Numerous Swiss banks already having decided to use the new
product include St. Galler Kantonalbank, Luzerner Kantonalbank,
Thurgauer Kantonalbank, Basler Kantonalbank and the Raiffeisen Group.

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NATIONWIDE & ACI

Nationwide Building Society has been awarded the Banking Technology
Magazine Award for the Best Use of IT in Retail Banking for its use of
ACI Worldwide electronic payments software and solutions. Specifically,
Nationwide Building Society implemented the ACI “Proactive Risk Manager”
to manage transactions from the ACI “BASE24” for fraud prevention and
detection, reducing fraud levels and ensuring its customers were
protected from fraud. The “Proactive Risk Manager” is a comprehensive
fraud detection solution to help card issuers, merchants, acquirers,
payment processors and financial institutions combat fraud schemes and
accurately identify fraud attempts in real time for timely application
of defense tactics to prevent fraud loss.

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SEPT LEI

The Conference Board Leading Economic Index (LEI) for Japan increased
for the seventh consecutive month by 2.4% while The Conference Board
Coincident Economic Index (CEI) increased 0.2% in September. With the
2.4% increase, the Conference Board LEI for Japan now stands at 86.1
(2004=100), which increased 2.9% in August and increased 3.5% in July.
Meanwhile, the CEI increase for the month was preceded by a 0.4%
increase in August and 0.4% increased in July to now stand at 94.8
(2004=100). LEI results for the month were attributed to positive gains
in 8 of 10 components, including a six month growth rate of labor
productivity, the new orders for machinery and construction component,
the index of overtime worked, the (inverted) business failures, real
operating profits, the Tankan business conditions survey, the interest
rate spread, and real money supply while negative contribution came from
stock prices and dwelling units started.

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DeviceFidelity Releases In2Pay

DeviceFidelity has made available its “In2Pay” microSD-based technology.
Making any mobile phone with a memory card slot (60% of US mobile
phones) into an interactive contactless transaction device, “In2Pay” is
compatible with NFC technology for trials with banks, wireless carriers
and payment networks. Its “plug-and-play” technology provides a simple
and effective alternative for installing NFC contactless transaction
functionality on the millions of mobile phones now in use. Issuers and
carriers can deploy In2Pay as an integrated services platform, with the
option of additional memory, to deliver their entire portfolio of mobile
applications through their customers’ mobile phones. In2Pay uses an
industry standard dual interface contactless smart card chip to supports
all major contactless payment networks with options for transit,
identification and access control applications. DeviceFidelity has
signed evaluation agreements with some of the largest card issuers in
the U.S. and will be demonstrating “In2Pay” at Cartes 2009. Volume
production for commercial deployments will be set for 2010.

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PAYMENT CARD TRENDS

The value of electronic card transactions in core retail fell 0.4% in
October 2009 from the month prior while the value of transactions in the
retail industries was down just 0.2% for the month. The main
contribution to both falls came from the consumables industry while the
industries with the largest increases were seen in automotive fuel
retailing, non-retail and durables. Statistics New Zealand also showed
trends for the value of transactions in the total, retail, and core
retail series have all been increasing since January 2009 and since has
been rising at an average monthly rate of 0.4% while core retail has
risen at an average of 0.3%.

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M-PAYMENTS

A new report predicts that NFC global gross dollar volume will exceed $110 billion by 2014. This year about $8 billion is expected in NFC GDV, hitting at least $30 billion by 2012 and then nearly tripling three years later or at a 55% CAGR from 2009. Juniper Research says one in every six mobile subscribers globally will have an NFC enabled device by 2014. Currently adoption is centered on the Far East. NFC/Felica payments are already established in Japan, but by 2014 North America and Western Europe will be experiencing high growth. Retailing ARPU from NFC coupons and smart posters will exceed ARPU from NFC payment transactions. Juniper notes that its research found that both the business model and the roll-out of POS NFC readers at merchant locations are issues that need solving – depending on the country. As these are overcome NFC is poised to enter an operational build up phase culminating in mass service roll-outs across many countries, typically in metro areas driven by transport ticketing.

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Visa Ramps Up Olympic Winter Games Promotions

Visa has launched a major marketing campaign for the Vancouver 2010 “Olympic Winter Games” built on its “Go World” theme. Visa has already aired the “Get Closer” spot, the first in the series and will be adding the “Anthem” spot later this month. The special “Go World” campaign will also include an extensive Web site containing exclusive merchant offers, behind the scenes “Team Visa” – Vancouver training videos, downloadable photos of athletes in action, and athlete training playlists with songs available for purchase. Additional campaign elements include out-of-home advertising, host market merchant activation programs and usage promotions. When U.S. cardholders use their Visa card through December 31st, they will be automatically entered for a chance to win a trip for four to the Vancouver 2010 “Olympic Winter Games.” The latest promotion follows the recent extension of Visa’s “Olympic Games” sponsorship through 2020.

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OPTIMUM T4200

Australian-based Westpac Banking has elected to deploy thousands of
Hypercom “Optimum T4200” countertop terminals to merchants throughout
Australia as part of a five year agreement worth about $50 million.
Terms of the agreement also designate Hypercom as the key service
provider for Westpac’s base of more than 80,000 terminals. The “T4200”
terminals have received PCI PED security approval, MasterCard Worldwide
Payment Terminal Security approval for IP and wireless communication and
EMV Level 1 & 2 certifications for chip card transactions. All models
share the same platform, user interface and software toolkit to maximize
efficiency, application portability and offer customers a broad range of
options to serve any market need. The Westpac deployment will commence
in early 2010.

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V/MC Debit Card Transactions Top 9B at Mid-Year

The number of Visa and MasterCard U.S. debit card transactions topped 9 billion for
the first time, rising nearly 12% during the second quarter. While Visa and
MasterCard U.S. credit card transactions have fallen about 4% over the past year to
less than 4 billion in Q2. According to CardData, gross transaction volume for U.S.
debit cards hit 9124 million in the second quarter, compared to 8298 million in the
first quarter and 8171 million in the second quarter of 2008. Gross transaction volume for
U.S. credit cards was 3810 million in the second quarter, compared to
3502 million in the first quarter and 3968 million in the second quarter
of 2008. Credit card transactions peaked a 4002 million in 4Q/08. CardData noted
that debit card transactions declined for the first time in the third quarter of
last year, decreasing from 8171 million in second quarter to 8162 million in 3Q/08. For the third quarter of this year MasterCard reported that both debit and credit transactions edged up slightly. Visa’s Q3 data will be released in January. For complete details on Visa and MasterCard performance visit CardData (www.carddata.com).

U.S. V/MC GROSS TRANSACTIONS
(millions)
DEBIT CREDIT
2Q/08: 8171 3968
3Q/08: 8162 4002
4Q/08: 8274 4009
1Q/09: 8298 3502
2Q/09: 9124 3810
Source: CardData (www.carddata.com)

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