BANK-ANYWHERE

Microsoft and Atlanta-based M-Com have introduced their “BankAnywhere” mobile payments solution. “BankAnywhere” provides a complete end-to-end and best-practice security and risk management capabilities. It is also available across multiple mobile devices; offers cost elimination by moving customers to lower-cost, self-service channels; and provides differentiation and control over the bank’s mobile channel and the user experience they provide to customers. Open loop payment mechanisms, choice of payment execution models, and interoperability across devices are essential to delivering the optimal customers experience, available through m-banking. A Microsoft “Gold Certified Solution Developer”, M-Com supports “BankAnywhere” across
the globe. Bangkok Bank and KeyBank both recently selected a mobile
financial services solution that leverages the M-Com “BankAnywhere” platform. The institutions chose “Mobile Money” from Fiserv, which was launched in conjunction with M-Com in September 2008.

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SCA Slates Physical Access Workshop

The Smart Card Alliance will hold a workshop in October that focuses on
the next generation of physical access controls.

The workshop will be held in conjunction with the Smart Card Alliance
8th Annual Smart Cards in Government
Conference in Washington DC. The workshop, “Smart Cards and Next
Generation Physical Access Control
Systems” (PACS) will present an overview of the technologies and
requirements that are driving next
generation PACS designs, based on FIPS 201-2 and NIST SP 800-116
Guidelines. The workshop will look at the impact that cryptography,
federal interoperability requirements, risk-based multi-factor
authentication, and PACS integration with asset tracking and logical
access systems will have on next generation PACS implementation.
The Smart Card Alliance Physical Access Council is focused on
accelerating the widespread acceptance, usage, and application of smart
card technology for physical access control. The group brings together,
in an open forum, leading users and technologists from both the public
and private sectors and works on activities that are important to the
physical access industry and that will help speed smart card adoption in
this important market. Physical Access Council projects have focused on
the impact that FIPS 201 will have on U.S. government physical access
requirements and on the integration of physical and logical access control.

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Chase Unveils a Cardholder Management Toolkit

After two years of planning and research Chase announced an online consumer credit management toolkit. The new tools are fully integrated into customers’ accounts, enabling them to create customized
payment plans and track their progress on every statement, either online or on the phone working with a Chase advisor. The new “Chase Blueprint”
offers four features: “Full Pay”; “Split”; “Finish It”; and “Track It.”
“Blueprint” will be available to 20 million cardholders of “Chase Freedom,” “Chase Sapphire,” “Slate from Chase” (formerly Chase Platinum), “Ink from Chase” and other Chase business cards. “Full Pay” enables customers to decide which expenses they want to pay in
full every month and avoid interest. “Split” enables customers to select the number of payments or monthly payment amount for larger purchases. “Finish It” allows customers to choose a plan and a goal date for pay-off. “Track It” enables customers to track their spending online by category whenever they want and is available online daily. Chase also partnered with Dr. Hersh Shefrin, author of “Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing”, to develop the “What’s Your Financial Style?” quiz.

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GEMALTO & VODAFONE

Gemalto digital security and Vodafone have been awarded an Identity
Deployment of the Year Award (IDDY) for their collaborative
proof-of-concept identity application. The application enables smart
card-based strong authentication of an “OpenID” across the Internet or a
mobile network, an industry initiative to allow individuals to use the
same username and password at many different websites. For “OpenID,
Gemalto and Vodafone combined its ease of use and the security of smart
card-based two-factor authentication to provide greater personal
identity protection when accessing websites. The user has the ability to
prove their identity by entering their username and password or using
two-factor authentication with a physical device. The identity
application provides remote strong authentication services over IP
networks, wired or wireless, to allow secure access to the federated
websites.

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JADESTONE & NEOVIA

NEOVIA Financial independent global online payments business has been
selected to process online payments for Jadestone Networks, the
owner/operator of the multiplayer gaming network “DiceArena”.
Implementing its “NETELLER” e-wallet, NEOVIA will make available its
NETBANX international payments gateway and Net+ cards, subsequently
allowing merchants to accept card and non-card payments through online,
contact centres, mail order and automated phone systems. The NETELLER
e-wallet allows consumers to spend securely online as well as allowing
merchants to increase customer lifetime value. Net+ cards allow
merchants to extend customer loyalty and lifetimes. As well as cards,
the NEOVIA Payment Suite supports online payments direct from consumers’
online bank accounts.

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JULY LEI

The Conference Board Leading Economic Index (LEI) for Korea increased
1.4% while The Conference Board Coincident Economic Index (CEI)
increased 0.1% in July. With the 1.4% increase in July, the Conference
Board LEI for Korea now stands at 106.3 (2004=100), which increased 1.6%
in June and increased 0.3% in May. During the six-month span through
July, the LEI During the six-month span through July, the leading
economic index increased 6.3% with five of the seven components
advancing (diffusion index, six-month span equals 71.4%) while the CEI
increased increased 3.3% with three of the four components advancing
(diffusion index, six-month span equals 75.0%). LEI results for the
month were attributed to positive gains in stock prices, private
construction orders, and real exports while negative contribution came
from value of machinery orders.

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Financial Services Ad Spend Drops 24% in 2009

New tracking data for the first six months of this year shows that advertising for Financial Services nosedived by 24.3% to $3.75 billion. TNS Media Intelligence says credit card companies and loan providers severely curtailed their marketing programs. Overall, total measured advertising expenditures in the first six months of 2009 fell 14.3% versus a year ago to $60.9 billion. Ad spending on Network TV declined 5.5% and Cable TV slipped 3.6% in the first half of 2009. Print media continued to suffer large rollbacks in ad pages from key categories and this resulted in aggregate spending declines of 24.2% for Newspaper media and 20.9% for Magazine media. Internet display (+6.5%) and FSI’s (+4.6%) were the only media to achieve expenditure growth in the first half of 2009. According to Synovate’s “Mail Monitor” direct mail credit card offers declined 67% year-on-year during the second quarter, but only 6% sequentially. U.S. households received 349.1 million offers during the second quarter, compared to 1060.0 million offers received during 2Q/08. Synovate reported that credit card mail volume for Bank of America was up 77% and Citibank was up 65% over 1Q/09. CardWatch.com last month reported that direct mail was off at least 70% in the second quarter, with American Express and Discover dispatching the largest credit card solicitation mailings.

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CUP DATA PCI DSS

China UnionPay Data Services bankcard processor has met PCI DSS
compliance. In doing so, CUP Data demonstrated compliance with 12
security requirements by thoroughly reviewing its IT environment and
information security policies and procedures. Validated by Trustwave
on-demand data security and payment card compliance solutions, the PCI
DSS security requirement ensures organizations which transmit and/or
store cardholder data have secured information. In doing so, payment
service provider compliance requirements are segmented into two levels
based on the number of transactions processed and/or transmitted
annually. To maintain compliance, CUP has enrolled in the Trustwave
“TrustKeeper” on-demand compliance management solution, providing the
necessary tools to support on-going compliance.

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AmEx Offers Destination Family Perk

American Express has launched “Destination Family” that offers travel discounts and tailors offers to families. Exclusively available
to American Express Cardmembers when booking travel through American
Express Travel, the program offers distinct family-focused benefits with
renowned hotel, tour, cruise line and car rental partners, such as kids
stay and/or eat free, up to 50 percent off second hotel rooms, on-board
cruise credits, free car seats, and a host of other amenities.
The Destination Family program includes some of the travel industry’s
best known and family-friendly brands. Participating partners include:
Hyatt Hotels & Resorts, Omni Hotels & Resorts, American Express
Vacations, Royal Caribbean International, Norwegian Cruise Line, Regent
Seven Seas Cruises, Avis, Budget and Hertz. In addition to enjoying
Destination Family deals and discounts, families can tap into American
Express’ roster of Family Travel Specialists to help plan and book their
vacations.

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VISITOR SPEND

International visitor arrivals to South Africa increased 5.5% with 9.5
million visitors, compared to 9.1 million in 2007, while more than 13
million Visa transactions were made by the international visitors, up
11% from 2007 and representing $1.8 billion in tourism revenue. In 2008,
nearly half of transaction volume from international visitors to South
Africa was from U.S. and U.K. cardholders who contributed over $812
million to the South African economy, mostly from Germany, France and
Australia. This, according to Visa’s “Tourism Outlook: South Africa,” is
a continuing trend in 2009 with international Visa cardholders having
spent approximately $500 million in South Africa in 1Q/09 alone. The
Visa International tourism survey demonstrates 14% are likely to attend
the 2010 FIFA World Cup next summer, 61% of whom are interested in going
on a safari, 54% are interested in visiting key landmarks and 45% are
interested in a beach holiday in Cape Town. Among the travelers’ Visa
transaction volume, 49% was thanks to general retail purchases while
lodging represented 13%in 2008 across South Africa.

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NCR APTRA ATM Software PA-DSS Approved

NCR has received PA-DSS certification from the PCI Security Council for the “NCR APTRA Advance NDC”.
“APTRA Advance NDC” makes it possible to drive a single application across
multiple vendors’ hardware in NDC host environments. Providing many
transactions “out of the box” as well as a platform for the rapid
deployment of new functionality, APTRA Advance NDC drives transactions
on more than 150,000 ATMs for more than 2,000 customers, making it the
most popular self-service software in the world. PA-DSS is a comprehensive
standard intended to help organizations proactively protect customer
account data, through requirements for security management, policies,
procedures, network architecture, software design and other critical
protective measures. According to PCI, the goal of PA-DSS is to help software vendors and
others develop secure payment applications that do not store sensitive
data, such as full magnetic stripe, CVV2 or PIN data, and ensure their
payment applications support compliance with the PCI DSS. Payment
applications that are sold, distributed or licensed to third parties are
subject to the PA-DSS requirements.

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