RSA FRAUDACTION

Card issuer JCB has adopted “RSA FraudAction” to help provide real-time protection
against online fraud and phishing attacks. “RSA FraudAction” is designed to find and shut down phishing attacks and other
activity perpetrated by online fraudsters. RSA’s
anti-fraud analysts act rapidly and greatly reduce the lifetime of a phishing
attack from approximately 115 hours to an average of only five hours. The “RSA
FraudAction” team operates the exclusive RSA(R) Anti-Fraud Command Center (AFCC), which is
led by an experienced team of fraud analysts who work 24×7 to shut down phishing
sites, deploy countermeasures, and conduct extensive forensic work to catch
fraudsters and prevent future attacks. The AFCC also relies on the strength of its
worldwide relationships with ISPs, CERTs, and cyber police to further expedite the
shutdown of fraudulent sites. To learn more, visit the RSA FraudAction website.
JCB is the only international credit card brand based in Japan, offering
cards that are accepted by 12.76 million merchant outlets and over a million cash
advance locations in 190 countries and territories. RSA offers industry-leading solutions in identity assurance & access
control, data loss prevention, encryption & key management, compliance &
security information management and fraud protection.

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Expense Management Gets Serious in the Downturn

A new survey from American Express finds that companies are focusing on three core strategies to improve expense management: hold employees accountable, drive value through data analysis, and plan for the long-term. The Accenture survey for AmEx’s Commercial Cards also found that companies are instituting a number of best practices to control their costs in an economic downturn. Other suggestions/findings: sending automatic email notifications to employees to encourage compliance to spending policies and to remind individuals when they miss expense submission deadlines; using a database tool to gather global expense information, as well as corporate, agency and ERP data on a monthly basis to help them manage expenses and supplier negotiations; and simplifying and improving operations by standardizing processes, streamlining systems and reducing redundancies.

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Small Businesses Cut Spending and Healthcare

Small business owners are adjusting to the uncertain economy by putting
business development spending plans on hold and forgoing employee
healthcare insurance. The latest monthly index of economic confidence
among small business has found that 46% say they plan to reduce spending
on business development and 30% are not making any changes. The
“Discover Small Business Watch” index fell to 71.4 in January, down 1.4
points from December. However, the number of owners who say they have
experienced temporary cash flow issues in the past 90 days decreased in
January to 38% from 42% in December. Only 8% feel the economy is
improving, down from 12% in December. Sixty-nine percent of owners think
the U.S. economy is getting worse and 17% see no change, which is
largely in line with December. Eighty-five percent of small business
owners say they do not offer health insurance to their employees, up
significantly from 77% a year ago and 74% in January 2007. Among small
business owners who do offer health insurance, 36% say they have
considered discontinuing coverage because of high costs. Discover also
found that of those who say they will need extra money to stay afloat,
9% will use credit cards.

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i2c Hires Visa’s Diamond as Account Exec

CA-based payment solution provider i2c has hired Stephen Diamond, previously with Visa, as VP, client account management.
Diamond will lead and manage i2c’s client relationships, manage the account advocate group, and contribute to business development initiatives.
During his 12-year tenure at Visa,
Diamond launched the Visa teen and gift card products, expanded gift-card
distribution to more than 120,000 branch and retail locations, worked with
financial institutions to develop product concepts and service
offerings, with one idea resulting in the Visa Buxx card, and managed the personalized Visa
Rewards program.

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PDS’ Zbill Lands a Major Payroll Card Deal

Payment Data System’s zBill will integrate the PDS “Private Label” bill
payment service to a payroll card program for a new client.
This solution will provide the ability for the more than 250,000
employees that use the client company’s stored value payroll card
services to
pay their bills online to over 3,200 nationwide billers. Zbill is a
provider of private labeled electronic payment
solutions to billers, banks, service bureaus and card issuers. The
organization provides an extensive set of functions to a customer to
deliver world-class bill payment solutions to their customer base.

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MoneyGram Names a New CEO and Chairman

MoneyGram’s Board of Directors has appointed
Pamela Patsley, previously with First Data, as Executive Chairman of the
Board and Anthony Ryan as President and CEO. Patsley served as
President of First Data International, where she was responsible for all
of the company’s business outside the U.S. Prior to First Data, she
served as CEO of Paymentech Inc., which she took public in 1996 and then
sold to First Data for an enterprise value of $1 billion in 1999.
Tony Ryan joined MoneyGram in 1995 and has
been responsible for overseeing day-to-day operations of the Company
since June 2008. Prior to this, he served as Executive Vice President
and COO, President of MoneyGram Global Payment Products and Services,
and led the Global Funds Transfer Group, which included the
international money transfer business.

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GE MONEY 4Q/08

GE reported that profit for its GE Money unit declined 14% in the fourth quarter to $832 million as revenues sank 15% to $6.52 billion. GE also boosted reserves by $500 million for its U.S. Card and Sales Finance business. During the quarter GE Money’s assets declined 12% to $184 billion. The Company says GE Money is executing on business exits, cost-out & deposit-funding; while increasing reserves. During the quarter, Milan-based Banco Santander acquired former GE Money businesses in Germany, Austria, Finland, its credit card and auto businesses in the UK, and its credit card business in Ireland. In return Banco Santander sold its corporate bank Interbanca to GE Capital. Also, GE Money concluded the $5.4 billion sale of its Japanese consumer finance business to Shinsei Bank. Additionally, Volvo signed a multi-year agreement with GE Money to provide a new no-fee consumer credit card. For complete details on GE Money’s latest results visit CardData (www.carddata.com). (CF Library 11/20/08; CFI Library 9/23/08; 1/8/09)

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PSCU Joins Go Paperless, Go Green Promo

The nation’s largest credit union service organization is going green with the help of Fiserv. PSCU Financial Services’ new “Go Paperless, Go Green” campaign will sponsor the planting of one tree for every bill paid online by a new bill-pay subscriber at the financial institution’s website from Jan. 19 through Feb. 28, 2009. This year, the two companies have set a goal of planting at least 7,000 trees in the John M. Bethea State Forest in Glen St. Mary, FL. PSCU’s “PayLynx” online bill payment platform is powered by Fiserv’s “CheckFree Web RXP” electronic billing and payment service. This is the third year that Fiserv has teamed up with its customers and the Arbor Day Foundation to plant trees for new e-bills and online bill payments made by consumers. Co-sponsored by Fiserv and six of its financial institution customers, the 2008 campaigns resulted in the planting of almost 80,000 trees and thousands of new e-bill enrollments.

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Cap One’s U.S. Card Posts $176MM Q4 Loss

Capital One posted a fourth quarter $176 million loss for its U.S. Card business. Purchase volume of $25.2 billion for 4Q/08 was off 4.9% from the prior quarter and down 10.6% from the year ago quarter.
Charge-offs topped 7% for the quarter and the issuer is now projecting charge-offs above 8% for the first quarter. Cap One notes that declining balances and the adverse credit performance of closed-end, unsecured loans included in the U.S. Card business is the reason for the higher charge-off projection. COF’s revenue margin declined 33 basis points year-on-year to 15.09%. Additionally, the number of U.S. card accounts declined by 500,000 since the prior quarter to 37.4 million, and are down 3.5 million, compared to one-year ago. U.S. managed card outstandings were $70.9 billion for 4Q/08 compared to $69.4 billion in the previous quarter and $69.7 billion for 4Q/07. The managed delinquency rate (30+ days) for U.S. credit cards was 4.78% for the fourth quarter, compared to 4.20% for 3Q/08 and 4.28% for the fourth quarter of 2007. The net charge-off rate for U.S. credit cards was 7.08% for the fourth quarter, compared to 6.13% for the third quarter and 4.84% one-year ago. The Company expects the U.S. Card charge-off rate to be around 8.1% for the first quarter. For complete details on Capital One’s fourth quarter performance, visit CardData ([www.carddata.com](http://www.carddata.com)).

COF U.S. CARD NET INCOME
4Q/07: $498.7 million
1Q/08: $491.2 million
2Q/08: $340.4 million
3Q/08: $345.0 million
4Q/08: (-$175.6 million)
Source: CardData (www.carddata.com)

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Four Casinos Adds GPN’s LightSpeed

Gaming cash provider Global Payments has signed agreements with four new
casinos to provide the “LightSpeed” suite of payment products. These
gaming establishments have signed contracts to offer a number of
Global’s innovative products including “PlayerCash @dvantage” credit
and debit card cash advance services, VIP Preferred check-cashing
services, and “ATM Cash @dvantage” and “VIP LightSpeed”, an
Internet-accessible, PC-based platform that
provides cash access services for traditional and electronic check
cashing, ATM check cashing, credit and debit card cash advances and
credit reports. In addition, VIP LightSpeed provides high-speed
processing of cash access transactions, reduction of risk associated
with check-cashing and cash advance services, and a full spectrum of
management and legal compliance reporting tools.

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MONEYGRAM EXECS

MoneyGram’s Board of Directors has appointed Pamela Patsley, previously with First Data, as Executive Chairman of the Board and Anthony Ryan as President and CEO. Patsley served as President of First Data International, where she was responsible for all of the company’s business outside the U.S. Prior to First Data, she served as CEO of Paymentech Inc., which she took public in 1996 and then sold to First Data for an enterprise value of $1 billion in 1999. Tony Ryan joined MoneyGram in 1995 and has been responsible for overseeing day-to-day operations of the Company since June 2008. Prior to this, he served as Executive Vice President and COO, President of MoneyGram Global Payment Products and Services, and led the Global Funds Transfer Group, which included the international money transfer business.

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ProPay Integrates Payment Solutions

Utah-based merchant payment solution provider ProPay has integrated its
“ProtectPay” service with its “MicroSecure Card Reader.” “ProtectPay” is a
secure data repository where merchants and
service providers can store sensitive customer payment information and
receive back a unique customer identification number which they use to
access the payment information for repeat billing or ongoing business
transactions. It is fully compliant with PCI DSS security standards.
The “MicroSecure Card Reader” encrypts cardholder information at
swipe, stores the data if needed, and/or transmits the data for
processing when connected to an Internet-enabled PC. The integration of
these two offerings gives merchants a secure end-to-end solution that
provides the ability to securely process, and then store with ProPay,
any payment card swiped through the Card Reader for repeat or future
billing.

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