MICRO-SD CARD

The first mobile security card offering contactless smart-card security and mobile payment in addition to the usual data storage functions has been introduced. The new Giesecke & Devrient “Mobile Security Card CL” does not require a battery to operate the contactless interface as the necessary energy is tapped from the radio field generated by the card reader. The mobile security cards designed by G&D are suitable for use in mobile phones, smart phones, netbooks and other mobile devices, and even in USB tokens. The only requirement is that they should be equipped with a slot for “microSD” cards. Such cards can provide security functions for all of these devices, as well as PCs and laptops, without the need for an external smart card reader. The latest product in this family of cards, the “Mobile Security Card CL,” has been enhanced to include a contactless interface in addition to the integrated smart card, based on the international standards “ISO 14443” and “MIFARE.” The range of possible contactless applications includes electronic access control to buildings, electronic event ticketing and transit ticketing, and electronic passes for companies, libraries and universities. The “Mobile Security Card CL” can also be used for contactless mobile payment. With its user-friendly interface for mobile phones and desktop or laptop PCs, it supports all of the usual smart card applications such as secure banking transactions, e-government, and the secure storage of digital certificates for PKI applications.

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Belk Migrates from SVS to SmartClixx

NC-based retailer Belk has switched from Comdata’s SVS platform to the
“SmartClixx” software platform for processing gift card transactions in
its 300 department stores. SmartClixx works with some of
the world’s largest retailers
providing in-house stored value card and gift card application
software and services without charging per-transaction fees. Security,
flexibility, streamlined processes and operations, data mining, and
future capability with significant cost savings.

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HOLIDAY SURVEY

A national survey commissioned by INTERAC found that half of Canadians
have already set or are planning to
set a holiday shopping budget this year, with 73% planning to research
prices before buying to stay on budget, while 60%
have bought early to take advantage of sales throughout the year, and
56% plan to use INTERAC more often so that they only spend the money
they have. Other methods to manage spending include 71% of respondents
plan on setting spending limits per
person or overall,51% make purchases throughout the
year in order to avoid one large sum at one time and 36% are cutting
back on
other purchases to put towards holiday spending.

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Consumers Trim Holiday Budgets by 10%

An annual “Holiday Shopping Survey” shows that consumers are trimming
their shopping spend by nearly 10% this year. The Discover Card poll
also found that 55% plan to cut back and of these, 89% said the economy
was to blame. Forty-five percent of shoppers plan to spend between $100
and $500 this holiday season while 27% anticipate spending anywhere from
$500 to $1,000. On average, shoppers plan to spend $831 on holiday
gifts, compared to $896 in last year’s survey. In 2007, the average
amount people planned to spend was $896. Fifty-nine percent of
respondents plan to give someone a gift card this holiday season, and
64% said they would be thrilled to receive a general purpose gift card
that would allow them to buy whatever they want. Asked how they would
spend a general purpose gift card, respondents favored treating
themselves to something special (61%), going out to dinner (54%) and
buying groceries or other necessities (53%).

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PAYBILL & EVEREST

Mobile commerce provider PayMate has launched its
mobile payment services in Nepal through its local representative
PayBill who in turn is partnered with Everest Bank to offer remote
mobile recharge to over 2.2 million subscribers of Nepal
Telecom, Nepal’s largest telecom company. PayMate will soon enable
customers to pay for mobile recharge, utility bills, movie & flight
tickets, online purchase, retail shopping,
person to person (P2P) money transfer, EMI payments using SMS. PayMate’s
revolutionary SMS based payment service will allow
customers in Nepal to use their mobile phones as their credit or debit
card to make easy and secure payments online, over the phone or across
the counter. The Customer replies to the SMS with the PIN and a
dynamic 3 digit ‘alpha-code’ which is authenticated by PayBill and the
customers bank account gets debited instantly.

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G&D Develops a Super Smart NFC Card

CardFlash International reports that the first mobile security card
offering contactless smart-card security and mobile payment in addition
to the usual data storage functions has been introduced. The new
Giesecke & Devrient “Mobile Security Card CL” does not require a battery
to operate the contactless interface as the necessary energy is tapped
from the radio field generated by the card reader. The mobile security
cards designed by Germany’s G&D are suitable for use in mobile phones,
smart phones, netbooks and other mobile devices, and even in USB tokens.
The only requirement is that they should be equipped with a slot for
“microSD” cards. Such cards can provide security functions for all of
these devices, as well as PCs and laptops, without the need for an
external smart card reader. The latest product in this family of cards,
the “Mobile Security Card CL,” has been enhanced to include a
contactless interface in addition to the integrated smart card, based on
the international standards “ISO 14443” and “MIFARE.” The range of
possible contactless applications includes electronic access control to
buildings, electronic event ticketing and transit ticketing, and
electronic passes for companies, libraries and universities. The “Mobile
Security Card CL” can also be used for contactless mobile payment. With
its user-friendly interface for mobile phones and desktop or laptop PCs,
it supports all of the usual smart card applications such as secure
banking transactions, e-government, and the secure storage of digital
certificates for PKI applications.

Details

MMT PARTNERSHIP

Vodafone, Safaricom and The Western Union Company have partnered to
pilot a cross-border Mobile
Money Transfer (MMT) service between the U.K. and Kenya. The initiative
uses Western Union’s trusted global “hub” for processing
cross-border remittances. This service
will enable customers to send cross-border remittances from select
locations directly to Safaricom mobile subscribers in Kenya generally in
minutes. There are many benefits of using mobile phones for
micro-transactions in a country like Kenya, where few people have bank
accounts and over 10
million people have mobile phones. Furthermore, increased global
migration has led to a significant increase in the flow of funds from
expatriate migrant workers who send money home.

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NYCE Network Renews its BMO’s Harris Deal

Chicago-based Harris has renewed its NYCE Network participation and
named Metavante subsidiary NYCE its primary provider of PIN debit and
ATM card access. In addition to NYCE participation, Metavante provides
Harris with card processing for debit, prepaid and ATM cards; ATM
driving; card production and fulfillment; its health savings account
solution; and check image solutions. The NYCE Network provides
consumers with secure, real-time access to their money, offering
hundreds of thousands of ATM locations and millions of point-of-sale
locations nationwide.

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PREPAID MICASH

Prepaid card marketer MiCash has launched a prepaid debit card that
offers cardholders the ability to make
card-to-card or card-to-cash worldwide money transfers. MiCash
cardholders simply set up friends and family as recipients, and call
customer service or log onto an online account to make a transfer. For a
flat fee, users can transfer from their card to a recipient for pick up
at any one of more than 12,000 Bancomer Transfer Services’ locations in
Mexico, South and Central America, India,
the Philippines, China and other locations. MiCash is a leader in
offering MiCash-branded cards as well as partnering with national
retailers to offer co-branded prepaid card programs that boost retail
revenue and encourage customer loyalty.

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Q4 Credit Card Volume May be Flat Y/Y

The fourth quarter may be the worst performing fourth quarter in the
history of Visa and MasterCard credit cards in terms of year-on-year
growth. Purchase dollar volume (PDV) has collapsed this year with a 7%
gain in the first quarter, 4% gain in the second quarter and a 2% gain
in the third quarter. What makes the third quarter even more significant
is that it was artificially inflated by higher gas pump prices. Furthermore,
holiday retail sales for this year are running less than 1% over 2007.
Last year holiday retail sales were up 3% as the fourth quarter PDV for
Visa and MasterCard credit cards climbed 8%. According to CardData
(www.carddata.com), Visa posted $213 billion and MasterCard posted $142
billion in Q2 PDV for credit cards. The $355 billion total compares to
$341 billion for 3Q/07. For the third quarter MasterCard reported $141
billion in credit card PDV while Visa’s estimated Q3 credit card PDV is
$212 billion. (Visa will officially report Q3 data in January.) The
total estimated Q3 PDV for V/MC credit cards is $353 billion compared to
$345 billion one-year ago. For complete details on Visa and MasterCard
quarterly performance for credit and debit cards visit CardData ([www.carddata.com](http://www.carddata.com)).

CREDIT CARD PURCHASE DOLLAR VOLUME
YEAR-ON-YEAR CHANGE
(Visa and MasterCard)
3Q/06: +7.7%
4Q/06: +6.6%
1Q/07: +7.0%
2Q/07: +6.9%
3Q/07: +7.1%
4Q/07: +8.3%
1Q/08: +6.9%
2Q/08: +4.1%
3Q/08: +1.8%
Source: CardData (www.carddata.com)

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