LAKS & ABNOTE

LAKS has selected New Jersey-based ABnote to exclusively distribute its “Smart Transaction Watch” in the U.S. and Canada. Introduced in 2006, the payment device has a conforming contactless payment reader embedded within the wristwatch.It is the first “MasterCard PayPass” approved watch. The watch face can be customized with a variety of colors and graphics providing users with a highly personalized and unique product. The customization provides unlimited marketing opportunities. The watch features a slide in system for a SIM sized Smart Card supplied by ABnote. This system makes it possible to handle the watch and the smart card separately. Therefore, multi applications can be utilized so that financial applications can be alongside others such as mass transit or access control.

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ProPay White Paper Details Mobile Transactions

Payment solution provider ProPay has released “The Data Dilemma: The
Value of Secure Transaction Solutions” that outlines the complex
regulations and potential security risks merchants face and points out
how they can be better prepared to easily minimize risk. ProPay recently
released a patent-pending combination of the
MicroSecure Card Reader, that encrypts and holds and transmits credit
or debit card payments, with “ProtectPay”, a service that allows
organizations to reduce or eliminate their PCI DSS scope by allowing
ProPay to collect, process and store sensitive cardholder data for them.
By eliminating the need for companies and their employees or sales
associates to hold private data on paper forms or computer hard drives,
this solution helps merchants comply with government regulations and
provides excellent security of their transaction data.

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OVUM DIRECTOR

Global information consultant Ovum has appointed John Leigh, previously
with BT Global Services, as its Research & Analysis Director with
responsibilities across Ovum IT and Datamonitor
Technology. He will be responsible for the overall management and
development of the teams in both these areas..
Leigh has over 30 years of experience in the technology sector including
time with IBM, Capgemini and Vertex. At BT Global Services he
held the position of Head of Insight, Strategy and Planning. Prior to
this role he spent four years at Gartner as a Group Vice President.

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VeriFone Q3 Revenues Rise 13% Year/Year

VeriFone reported that its preliminary revenue for the quarter ended
October 31st will be in the range of $244 million to $246 million, lower
than previously expected. Since mid-September the payment terminal maker
has experienced higher-than-expected foreign exchange losses, volatility
in exchange rates resulting in product costs, adversely moving faster
than could be reflected in local-currency pricing. The company expects
non-GAAP net income, per share, for the quarter to be in the range of
$0.18 to $0.20. During the third quarter VeriFone released the “Vx 700”
electronic payments module for kiosks, vending machines, ticketing
devices and traditional cash based systems; launched a program to secure
the implementation of the “PCI SSC Payment Application Data Security
Standard”; appointed Robert Dykes, previously with NebuAD, as SVP and
CFO; and was awarded a multi-million dollar contract by Cabcharge
Australia to deploy 20,000 “Vx 810” systems for contactless payment
acceptance in taxis across the entire Cabcharge fleet. The Company also
filed amended and restated quarterly reports for the last two years. The
Company will release its official report on the quarter ended October
31st on December 16th. For complete details on VeriFone’s latest
performance visit CardData ([www.carddata.com](http://www.carddata.com)). (CF Library 8/15/08;
8/20/08; 9/4/08: 10/01/08; 11/03/08)

REVENUE HISTORICAL
3Q/05: $130.5 million
4Q/05: $134.6 million
1Q/06: $142.2 million
2Q/06: $147.6 million
3Q/06: $156.6 million
4Q/06: $216.6 million
1Q/07: $217.2 million
2Q/07: $231.7 million
3Q/07: $216.9 million
4Q/07: $216.4 million
1Q/08: $185.5 million
2Q/08: $258.7 million
3Q/08: $245.0 million
Source: CardData (www.carddata.com)

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EBT FORECAST

Prepaid card provider NovoPayment has announced its regional forecast for
electronic benefit transfer (EBT) cards for food vouchers in which it
estimated a potential market of more than 47 million prepaid cards with
an estimated purchasing power of more than US$50 billion annually by
2015. The forecast is part of a larger regional study for prepaid cards
covering 15 countries – Argentina, Brazil, Chile, Colombia, Costa Rica,
Dominican Republic, Guatemala, Ecuador, El Salvador, Honduras,
Nicaragua, Panama, Peru, Mexico and Venezuela – that measured factors
such as size of labor force, poverty rates, wages, banking and other
metrics based on the company’s experience in the field.
Such programs allow organizations to electronically manage the
payment of these and other benefits to employees and recipients via
branded prepaid cards.

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Spartanics Sales Executive Returns

IL-based card manufacturer Spartanics has appointed Mike Bacon as its VP
of Sales and Marketing. Bacon is returning to Spartanics where his
previous work as Western
Regional Sales Manager (1998-2002) and International Sales Manager
(2002-2005) set repeated sales records for the company. Spartanics
engineers and manufactures a range of automated equipment for laser
cutting, die cutting, card punching, screen printing, plastic card
inspection and paper and plastic card counters.

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BARCLAYCARD NY

Barclaycard is opening a new administrative office in Long Island City, New York that will add 200 jobs with a focus on credit risk, corporate finance and market analytics functions. The new office, located in Long Island City, will serve Barclaycard’s operations around the globe and a diverse range of credit card businesses in, Europe, Africa and Asia and will support Barclaycard’s operations globally including its U.S. business headquartered in Wilmington, Delaware.

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Moneris Closes Humboldt Merchant Services Deal

Payment processor Moneris Solutions has completed the acquisition of the
assets of Humboldt Merchant Services, one of the largest
independent bank owned payment processors. Humboldt Merchant Services
was taken into receivership by the FDIC after its parent bank, the First
National Bank of Arizona and Nevada, failed in June of this year.
Humboldt Merchant Services was one of the US’
largest bank owned merchant acquirers with over 18,000 merchants in its
portfolio and processing nearly $2.5 billion in bankcard volume
annually. The two payment organizations are
in the process of combining products and service platforms and will
offer both brands in the market place.

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TJX Companies Settle with Card Activation

IL-based POS technology provider Card Activation Technologies has
settled its litigation against TJX Companies. Card Activation
Technologies owns proprietary patented payment transaction technology
used for processing gift cards, phone cards
and other debit purchase transactions. The company is actively seeking
to license its technology to the thousands of current users and believes
that many retailers, gas stations, phone companies and others that
utilize those stored value cards infringe its patent. As a result, the
company is aggressively pursuing litigation against these infringements.

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Monthly Payment Rates Near 18% in October

Monthly payment rates, the amount that cardholders pay on their credit card debt, rose for the third consecutive month in October. The MPR rose 88 basis points between August and October. Among managed credit card outstandings, the MPR increased to 17.99% in October, compared to 17.68% in the prior month and 19.21% one-year ago. According to CardData (www.carddata.com), the yield also rose in October to 13.77% from 13.51% in September, and is down 105 bps, compared to year-ago levels.

U.S. PORTFOLIO METRICS
YIELD MPR
Oct 07: 14.82% 19.21%
Nov 07: 14.80% 18.89%
Dec 07: 14.63% 18.41%
Jan 08: 13.53% 18.11%
Feb 08: 13.33% 19.10%
Mar 08: 13.68% 18.33%
Apr 08: 13.89% 18.03%
May 08: 13.85% 17.54%
Jun 08: 13.77% 17.86%
Jul 08: 13.83% 17.43%
Aug 08: 13.45% 17.11%
Sep 08: 13.51% 17.68%
Oct 08: 13.77% 17.99%
Source: CardData (www.carddata.com)

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Cold Hard Cash May Emerge as the Hot Xmas Gift

With a lack of confidence emerging about gift cards issued by shaky
retailers, a new survey shows that two-thirds of Americans would prefer
to receive $100 in cash this holiday season. According to two surveys by
Western Union, 53% of those who would prefer cash would use that money on
basic living expenses such as gas, groceries and bills. Seventy-nine
percent of Americans believe cash is a good gift because people can use
it to get what they really want. Additional findings:
62% of those with household incomes of less than $50,000 are likely to
give cash; 53% of those with more than $50,000 in household income are
likely to give cash; and 65% of Americans said they often end up
spending more on gifts than they had planned to spend. Western Union
notes that there has been a dramatic drop in the number of respondents
who plan to give gift cards for services such as a manicure or a
pre-paid phone card. Two months ago that figure was 40%, but now the
number is 30%.

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Diebold Integrates with ClairMail’s Platform

Diebold will provide CA-based mobile phone marketer ClairMail a two-way
mobile platform. In the agreement, Diebold will distribute and provide
managed services for ClairMail’s two-way mobile platform, which can be
deployed either on-premise or as a managed
service. Deployed either on-premise or as a managed service, ClairMail
optimizes any mobile phone for 2-way customer interaction. Only the
ClairMail System offers 2-way mobile banking, payments and card
applications that utilize any
phone’s existing messaging and mobile web software and extend the
capabilities of third-party client applications. With Diebold’s mobile
banking solutions, customers will have the capability to securely
interact directly with their financial institution at their convenience
to access accounts, pay bills and conduct other electronic transactions.
Offering ClairMail’s two-way mobile platform in conjunction
with Diebold’s comprehensive outsourcing solution offers financial
institutions a proven, cost-effective approach to adding another channel
to their customer access infrastructure.

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