FNMT-RCM & GLOBALPLATFORM

Fabrica Nacional de Moneda y Timbre – Real Casa de
la Moneda (FNMT-RCM) has become a member of the
international smart card specification body, GlobalPlatform. Joining as an
Observer Member, the company will be able to participate in
GlobalPlatform’s Task Forces and Advisory Council, providing it with
opportunities to influence the direction of GlobalPlatform initiatives.
In addition, it will be able to closely monitor the discussions and
output of all GlobalPlatform technical committees and network with the
smart card business and technical community to discuss the latest
industry issues and trends. FNMT-RCM manufactures a range of high security documents and smart card
products for banking, identity, loyalty, transport and access control
applications in both the public and private sectors.

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MC GLOBAL 3Q/08

As overall global spending continues to decline the impact is being felt by all the payment card networks. MasterCard’s gross dollar volume growth fell sequentially in all of its six regions during the third quarter, falling from an annual GDV growth rate of 20% in the first quarter and 18% in the second quarter to 15% in the third quarter. Third quarter worldwide GDV was $662 million compared to $655 billion for 2Q/08. During the third quarter, compared to the prior quarter, GDV in the Asia Pacific region fell from 28% to 24%; in the Latin America region from 26% to 24%; in Canada from 22% to 16.5%; in Europe from 31% to 23%; in South Asia/Middle East/Africa (SAMEA) from 28% to 27%; and in the USA from 6% to 5%. Based on MasterCard’s latest statistics, total cards carrying the MasterCard brand rose over 10% worldwide over the prior year to 970 million. For more details on MasterCard’s latest performance visit CardData (www.carddata.com).

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Pemco Tech Offers Regulatory Compliance

Payment solution provider Pemco Technologies is working with MT-based
Digital Compliance to provide free to Pemco customers a secured Web site
to download Pemco’s latest compliance documentation. The data provided
meets or exceeds federal examiners’ vendor management guidelines.
The information is kept up to date automatically, and e-mail alerts are
sent to customers when a document is updated. The process will make
audits and reviews by regulatory agencies simpler.

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WU RESTRUCTURE

Western Union has announced a global organizational realignment that
streamlines the company’s operations.
The new regions, The Americas and EMEA-APAC, are designed to accelerate
growth and provide a stronger linkage between the company’s global
services and consumer base. Hikmet Ersek, EVP/Managing Director, Europe,
Middle East, Africa, South Asia (EMEASA), will assume
responsibility for the company’s business in the Asia Pacific (APAC)
region, creating a combined regional structure, which will be called
EMEA-APAC. Ersek joined Western Union in September 1999 as regional
vice president
for Southern Europe, with increasing responsibilities for Central and
Eastern Europe. In 2003, he was appointed senior vice president for
EMEASA, moving into the executive vice president position in 2006. In
his current role, Ersek has doubled the EMEASA revenue and developed the
Agent network with more than 200,000 locations in the region. Stewart
Stockdale, EVP/President, U.S. and
Canada will also assume responsibility for the Latin America and
Caribbean (LACA) region.
The new region, known as the Americas, will consolidate the
leadership for the company’s business in this dynamic market.
Since 2002, Stockdale served as chief marketing officer of Simon
Property Group, the largest publicly held real estate company in the
U.S., and served as president of Simon Brand Ventures. He also served as
executive vice president and chief marketing officer of Conseco, Inc.
and held senior global marketing and product development roles with
MasterCard International and American Express.

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ABnote and Datacard Form Redwave Solutions

ABnote and Datacard Group have teamed to present “Redwave Solutions”
that offers both NFC application and support services to a
network of value added resellers and secure processing centers.
Based on components of “Datacard Affina Issuance Platform Software”,
Redwave technologies will support partner applications associated with
NFC devices such as mobile phones, smart posters and other RF enabled
devices. American Banknote Corporation is a holding company and the
parent of the ABnote Group. Products include plastic cards, phone
cards, paper certificates, lottery tickets, passports, state titles,
certificates of origin, stock certificates, and checks. Datacard Group
offers secure ID and card personalization solutions.

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VASCO DIGIPASS 835

VASCO Data Security International has introduced the “Digipass 835”, a
user-friendly card reader for high risk internet banking transactions.
User-acceptance is guaranteed through the new optical interface which
facilitates data transfer from the computer to the card reader in a couple
of seconds. The “Digipass 835” requires no personalization prior to customer
delivery. The Digipass 835 is simply activated and personalized on the
insertion of the end user’s bank card. Two-factor authentication will be
activated after PIN-insertion. The OTP which is generated by the Digipass
835 can be used to securely log onto the bank’s network. For e-signature
the optical interface enhances user-friendliness, though Digipass 835 is
operational either with or without the use of the optical interface.
The optical interface enables the automatic download of encrypted data
from the PC onto the display of the Digipass. Data transfer requires no software or driver installation,
data are simply transferred by holding the optical interface in front of the
computer screen: the flashing pattern on the PC screen and the
photo-transistors of the Digipass 835 take care of the transfer.
With the launch of Digipass 835, VASCO extends is portfolio of EMV CAP
compliant readers.

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V/MC U.S. CC GDV Rises a Mere 3% in 2Q/08

Declining cash dollar volume (CDV) has dragged down the gross dollar
volume (GDV) of Visa and MasterCard credit cards in the U.S. Based on
second quarter statistics released by Visa last week and by MasterCard
three months ago, U.S. credit card GDV increased a mere 3% year-on-year,
from $397 billion to $409 billion. MasterCard reported this morning that
third quarter U.S. credit card GDV fell 1.3%, compared to 3Q/07.
Comparing second quarter 2008 to 2007, purchase dollar volume (PDV) on
Visa and MasterCard credit cards increased 4% and CDV dropped 3.5%,
according to CardData (www.carddata.com). Sequentially, GDV is up 6%,
PDV is up 9% and CDV is down 7%. CDV on U.S. Visa and MasterCards peaked
in the fourth quarter of 2006 when it hit $63 billion. For complete
details on Visa and MasterCard third quarter performance visit CardData
([www.carddata.com](http://www.carddata.com)).

VISA & MASTERCARD DOLLAR VOLUME
($ billions)
GDV PDV CDV
2Q/06: 380 319 61
3Q/06: 385 322 63
4Q/06: 400 337 63
1Q/07: 362 305 57
2Q/07: 397 341 57
3Q/07: 404 345 60
4Q/07: 424 365 60
1Q/08: 385 326 59
2Q/08: 409 355 55
Source: CardData (www.carddata.com)

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DATACARD ID TOOL

Datacard Group has released the “Smart Card Designer Tool” for Datacard
identification software personalization of smart cards.
The “Designer Tool” reduces the time and costs
associated with developing customized smart card applications, enabling
issuers to design smart chip encoding processes just as easily as
designing the layout of a card. Together with a Datacard card printer,
identification software and smart card coupler, this tool provides a
completely integrated solution for smart card personalization. The tool
requires no special programming experience and allows users to test
their designs with the click of a button. Datacard Group is a provider of secure ID and card
personalization solutions. The company’s portfolio includes systems for
high-volume card issuance, card delivery and fulfillment, secure ID
issuance and passport production, plus extensive service and supply
offerings. Datacard Group serves customers in more than 120 countries.

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VeriFone PINpad 1000SE Goes Contactless

VeriFone has introduced the contactless “PINpad 1000SE” and unveiled
“SingleCI” (Single Contactless Interface) programming interface with
development tools that allows acquirers and developers to leverage
existing contactless investments, adapt to future needs, and take
advantage of the company’s entire contactless portfolio. SingleCI is
compatible with today’s industry-leading contactless interfaces. The
PCI PED-approved contactless “PINpad 1000SE” combines PIN entry and
contactless into a single device that reduces costs and support. The
“PINpad 1000SE” contactless version also supports non-payment
applications, such as MiFare, and will be commercially available in the
first half of 2009. “SingleCI” provides a single interface to
VeriFone’s entire contactless portfolio, so developers can write one
program that will operate on any VeriFone contactless system. It
enables acquirers to leverage their existing investments in contactless
platforms.

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HICAPS & OPTIMUM

National Australia Bank subsidiary HICAPS, a
ancillary health claims and payments service, has purchased an additional 4,000
“Optimum T4210” multi-application payment terminals from Hypercom, making it a total of 8,000
of high security “T4210s” that HICAPS has ordered this year.
The “T4210” terminal will enable HICAPS to have a solution
in the allied health care claims system which covers providers such as
dentists, optometrists, physiotherapists and other non-general
practitioners. The terminal enables providers to process payment card
transactions, private health fund claims and Medicare Easyclaim on the
same terminal.

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US Bank Testing the Visa Micro Tag in Nov

Visa’s smallest “payWave”-enabled device that attaches to a key ring,
is being tested this month. U.S. Bancorp says it is launching the pilot
program for the new “Visa Micro Tag” to collect feedback on design,
functionality and ease-of-use. U.S. Bank plans to distribute more than
4,000 prepaid “Visa Micro Tags” to employees this month. Employees
across the country will receive the “U.S. Bank Visa Micro Tag” which is
tied to a prepaid U.S. Bank Visa gift account. Visa first introduced the
miniature solution in 2007 that can be used with credit, debit or prepaid accounts. The “U.S. Bank Visa Micro Tags” were manufactured by Giesecke & Devrient using the “MicroPass” chip from INSIDE Contactless. The “Visa Micro Tag” is not available in Europe.

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SCA LEAP

The Smart Card Alliance has created the Leadership,
Education and Advancement Program (LEAP) for individuals interested in
continuously improving their knowledge and professional proficiency in
the smart card industry. Beginning in 2009, LEAP members also have the
option to earn a Certified Smart Card Industry Professional (CSCIP)designation.
CSCIP is a standardized certification program available to all LEAP
participants that recognizes industry professionals that have advanced
levels of knowledge and experience, and have passed a multi-part exam
developed by leading smart card industry experts.
LEAP membership is open to all individual professionals working in the
smart card industry in the United States and worldwide, regardless of
whether their organization is a current member of the Smart Card Alliance.

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