MATCH-ON-CARD

Slated for delivery by 2Q09, Precise Biometrics has signed agreements to
provide the latest hardware follow-up order, worth USD 268,000, in a
“Match-on-Card” project to government employees. In addition to
furnishing the Middle Eastern government with hardware, Precise is
granting “Match-on-Card” licenses and Precise “200 MC readers”, which
combine fingerprint and smart card detection for the government ID card
project. Storing and matching fingerprint information on a smart card to
establish the physical presence of an individual, Precise Biometrics
shipped the same client orders valued at SEK 5 million in 2008, has
deployed 20 million card licenses and close to 100 million contracted
licenses for its bio-ID solution across Qatar, Bahrain and other
regional countries.

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Credit Card Statements Fail Usability Globally

A global study of credit card statements conducted by an Australian non-profit group has found that majority of these documents
fail to meet the minimum acceptable usability level. Melbourne-based Communication Research Institute tested credit statements from Australia, Argentina, Austria, Chile, Netherlands, Portugal, South Africa, UK and the USA and found that the statements could not be used to find out how much credit was run up on the credit card, how long it would take to pay it back, the ‘pay by’ date for each month, how much extra it’s going to cost in interest payments, and what happens if people miss a payment. The overall performance of statements from each country, where the minimum acceptable usability target level is 81%, was 33% for Australia, 55% for the U.K. and between 32% and 60% for the USA.

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365 AIRCASH

Celcom, the mobile communications of Axiata Group has decided “Sybase 365”
mobile messaging services will power its “AirCash Unstructured
Supplementary Service Data” (USSD) mobile financial service, targeting 9
million Malaysian customers. Run on the Sybase 365 mCommerce “Mobiliser
Platform” payment processing and service delivery, “AirCash” allows
Celcom 2G and 3G customers to use their mobile phones for money transfer
to fellow “AirCash” users, remit money to foreign countries, top-up
mobile airtime and to add or withdraw money from their account at Celcom
branches. Offering end-to-end solutions for mBanking, mPayments and
mRemittance “AirCash” offers live deployment to more than 15 million end user
consumers and 20,000 merchants around the world while USSD transactions
occur only during the transaction, harboring no store-and-forward
capability, and is an instant messaging type phone service. The
service will be rolled out to other Axiata-owned operator entities
within major remittance corridors in the region over the next few months.

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RegaloCard Introduces Gift Card Linked to M-Phones

A Miami-based startup has introduced a new prepaid card for the
Hispanic community that can be purchased in the U.S. and deliver instant
purchasing power for Latin American recipients. The new card is linked
to a mobile phone and eliminates the need for the recipient to go the bank
or only receive gifts from their family members during banking hours.
With the new “RegaloCard”, consumers choose the gift card they wish to send
to their families in their home country and provide the name and
cellular number of the recipient. The Latin American recipient instantly
receives a “RegaloCard” PIN which they can use to make purchases at any
of the retailers locations. The card is free and can be purchased for as
little as $25. “RegaloCard” was founded by Gregory Keough, a serial
entrepreneur who has built and sold several technology companies focused
on financial services and the US Hispanic and Latin American markets.
Keough founded Virtual Loan Corp as well as Zona Financiera, an Internet
financial services technology provider in Latin America which was
acquired by Citigroup.

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COMMUNICATION RESEARCH

International research studies by the Communication Research Institute
is demonstrating credit card statements design flaws mask genuine debt
accrual around the world. Having tested card statements from around the
globe, based on the clarity of who the statement is from/for; credit
limit/available credit; interest on purchases throughout the billing
cycle; and payment due dates, the Communication Research Institute
established a minimum acceptable statement usability target level of
81%. That being said, in alphabetical order, Australian statements
scored a 33%; Argentina scored 75%; Austria scored 62%; Chile scored
31%/44%; Netherlands scored 63%; Portugal scored 41%; South Africa
scored 40%; UK scored 55%; and USA scored 32%/60%.

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TransFirst Inks Flushing Savings Bank

Tranasction processor TransFirst will provide merchant credit card
processing and payment technology services to NY-based Flushing Savings Bank.
Flushing Savings Bank, FSB,serves consumers and businesses by
offering a full complement of deposit, loan, and cash management
services through its fifteen banking offices located in Queens,
Brooklyn, Manhattan, and Nassau County and operates an
online banking division, iGObanking.com, which enables the Bank to
expand outside of its current geographic footprint.

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VOYAGE CARD

Oberthur Technologies has partnered with People’s Bank in Tbilisi,
Georgia to launch the Visa “Voyage Card” contactless payment
program. Combining ‘Chip and PIN’ payment with Visa’s “payWave”
contactless payment application, the partnership intends to offer
convenience and security through its contactless solution, ensuring
shorter transaction times, and MIFARE ticketing for convergent
technology payment. Deploying Oberthur’s ‘hot foil stamping’
card-design, eliminating transaction interference using holographs, the
“Voyage Card” is targeting Tbilisi public transport riders for
contactless payment in pharmacies, railway stations, fast-food stores,
schools and universities. Oberthur smart card security and
identification had sales of EUR882 million in 2008.

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THINKINGMONEY.ORG

ThinkingMoney.org has released statistics showing protecting business
operations from credit card fraud while traveling is most important
during a recession. Given there were 17 million business credit card
transactions made in 2007, totaling GBP2.23 billion, the organization
has published ABTA tips for business credit card holders disclosing the
importance of maintaining up-to-date contact details and of keeping the
card company’s customer service number on hand at all times, while
Thinking Money warns cardholders to do their homework on card fees and
charges for overseas purchases, which typically include foreign exchange
rate commission fees, cash withdrawal fees of around 2%, purchase fees
and cash advance interest. Additionally, Thinking Money advises
cardholders know their rights as a consumers under the Consumer Credit
Act, take advantage of password protection such as “Verified By Visa”
for internet transactions, to conduct payment in local currency given
favorable exchange rates, and to check receipts against card statements
upon returning home.

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ALADDIN NG-FLASH

Aladdin Knowledge Systems information security has announced the
Croatian bank, Zagrebac(ka bank, has deployed its “Aladdin eToken
NG-Flash” USB-based PKI authentication for “e-zaba” online banking.
Combining smartcard authentication with encrypted flash memory to
provide user authentication, identity and access management tools, the
“Aladdin eToken NG-Flash” offers strong encryption to store and protect
sensitive data. Zagrebac(ka bank is a member of the UniCredit Group, has
approximately 1.2 million clients and 90,000 corporate clients while its
“e-zaba” internet banking portal serves 380,000 users. SafeNet & Aladdin
are subsidiaries of Vector Captial and have a combined history of more
than 50 years’ e-security expertise in more than 100 countries around
the globe.

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REPOWER

Metavante Technologies prepaid and debit card outsourcing has deployed
the first implementation of its MasterCard “rePower” POS prepaid card
reload service. Available to MasterCard and Maestro prepaid cardholders
across Europe, “rePower” makes available its network of top-up
locations. Utilizing the combination of the MasterCard merchant
infrastructure through acquiring partners and its existing POS
infrastructure, Metavante will process the new implementation for
Advanced Payment Solutions’ prepaid card programs. Advanced Payment
Solutions European prepaid card provider offers cardholders its
personalised, embossed, Chip and PIN prepaid MasterCard cards,
MasterCard Worldwide processes approximately 21 billion transactions
each year in more than 210 countries and Metavante Technologies
debit/prepaid card payments processor serves clients in over 30 markets
for nearly 8000 financial services firms and businesses worldwide.

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MOBILE MONEY

Fiserv financial service technology solutions has deployed its “Mobile
Money” m-banking service for Bangkok Bank customers, allowing access to
the Bank’s “Bualuang iBanking” internet banking platform. The secure
Fiserv mobile phone banking solution was launched in 4Q08 and allows
users to view account information, pay bills, transfer funds and top up
their mobile phone account thanks to GA-based M-Com mobile solutions.
The platform’s mobile solutions serve such financial institutions as
Washington Mutual, ANZ Banking Group, Westpac Banking, Electronic
Transaction Services and GE Money and support consumer banking through
SMS, wireless application protocol and downloadable mobile applications.
Bangkok Bank has assets of Baht 1.659 trillion, serving customers
through 800 branches and 6,000 ATMs, M-Com international mobile banking
and payments solution offers and mobile banking across Asia-Pacific and
North America. With a
mobile penetration rate of over 80%, having grown from 44% in 2004, the
Thailand cell phone market is the largest in the region.

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