GDC4000

Smart card developer Giesecke & Devrient has introduced the “GDC4000”
display card
capable of being manufactured on a high-volume industrial
scale. The six-digit display is incorporated in the card during the
normal hot-lamination process, thereby augmenting its resistance to
mechanical wear. G&D’s can be used to display
one-time passwords (OTPs) for secure authentication during access to IT
networks, or transaction numbers (TANs) for online banking. The use of
a dynamically generated one-time password in conjunction with
static customer data such as account number, user password and personal
identification number (PIN) significantly enhances the security of
online authentication. The display card makes it possible to add a
supplementary, bi-directional identity check that protects users and
providers of online banking services against the theft and fraudulent
misuse of passwords and TANs.

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Q-Card Expands its Lab Testing Capabilities

PA-based Q-Card Laboratories’ has expanded its
capabilities to accommodate the third-party testing needs of its
customers, including the testing of green substrates and other new
industry innovations. The lab provides a comprehensive plastic card and paper ticket
testing facility to leading card manufacturers around the world. Through
the use of its Mag3 magnetic stripe analyzer, a programmable optical
card measurement system called Smart Scope, and a host of ISO-specified
testing equipment and procedures, Q-Card Laboratories provides physical
card testing, product test cards as well as consulting services onsite
and offsite at company facilities.

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AmEx International Card Profits Drop 52%

American Express reports that net income for its International Card
Services business plummeted 52% for the third quarter of this year
compared to the same quarter in 2007. The decline was primarily
attributed to revenues net of interest expense increasing 11% due to
spending and loan growth. Total expenses rose by 13% reflecting higher
volumes and business-building investments and provisions for losses
increased 60%, primarily driven by higher lending reserve levels in
Mexico. Marketing, promotion, rewards and cardholders services expenses
increased 10% reflecting greater marketing and promotion expenses and
higher volume related rewards costs. Both revenue and expense growth
rates were also inflated by the translation of foreign currency.
American Express had 16.4 million cards-in-force at the end of the
quarter, up 4% from 3Q/07. Card billed business for the quarter
increased 11% to $27.5 billion. For complete details on AmEx’s
International card performance visit CardData ([www.carddata.com](http://www.carddata.com)).

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CardTrak’s CardSmarts Gives Away More Dough

The holiday season will be a little more special for the 45 winners in the latest CardSmarts pre-holiday sweepstakes, which ended September 30th. More than $12,000 in prepaid cards and cash have been awarded this year by CardTrak.com. The latest “Grand Prize” winner is J. Warren of Texas, who won $1,000. The $500 “Second Place Prizes” went to: T. Golynker (OREGON); B. Burt (IDAHO); F. Harri (GEORGIA); J. LeVeque (ALABAMA) and K. Schymanski (MICHIGAN). Daily Prize winners all received their choice of a $10 gift card from either Starbucks®, Best Buy®, Target® or Wal-Mart®. The prior sweepstakes, which ended in April, awarded the $5,000 Grand Prize to Patricia Rudek of Jacksonville, Florida. In the prior contest nearly 400 “Daily Winners” and “Monthly Winners” received prizes ranging from $10 prepaid store cards to $100 network-branded gift cards. For a list of current winners visit: [www.cardtrak.com/smarts/winners](http://www.cardtrak.com/smarts/winners)

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INSIDE SALES EXECS

INSIDE Contactless has appointed Andy Germano as VP of sales and business development, and
Bob Locascio, as Director, product marketing and
business development. Germano joins INSIDE from AuthenTec, a leading provider of
fingerprint sensors and solutions, where he participated in the
company’s recent initial public offering. Prior to AuthenTec,
Germano led sales and marketing teams for several start-up companies,
including WiDeFi, Tantivy, and BEC Technologies. He also held numerous
marketing positions at Verizon (GTE), Nortel, and Qualcomm. Germano
earned a bachelor’s degree from Saint Vincent College, a second
bachelor’s degree in electrical engineering from Pennsylvania State
University and an MBA from Duke University. Locascio’s experience included leading the
creation and execution of new business and solution strategies for
Agilent Technologies’ $1 billion wireless test equipment business. As
president and executive director of the Telematics Suppliers Consortium,
Locascio planned, formed and led this organization to establish and
promote an industry-standard architecture for the wireless in-vehicle
information and entertainment market. Locascio also held a number of
engineering and management positions at Motorola. Locascio holds a
bachelor of science degree in electrical engineering from the University
of Illinois, Urbana-Champaign.

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BELL ID & ANDiS4EMV

Bell ID has contracted with a top U.S. bank for the provision of its ANDiS4EMV smart card and
application management system. Bell ID will implement and support its ANDiS solution, enabling the bank
to migrate its base of approximately 20 million credit and debit cards
from magnetic stripe to EMV chip cards. The ANDiS4EMV solution is a
powerful life cycle management tool, enabling the bank to track every
step in the life of the EMV cards and the keys, certificates and
applications stored in the chip. Bell ID provides card, application and key
management. Bell ID’s ANDiS range includes solutions for the management of payment and other applications
on mobile phones.

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AMEX INTL 3Q/08

American Express reports that net income for its International Card Services business plummeted 52% for the third quarter of this year compared to the same quarter in 2007. The decline was primarily attributed to revenues net of interest expense increasing 11% due to spending and loan growth. Total expenses rose by 13% reflecting higher volumes and business-building investments and provisions for losses increased 60%, primarily driven by higher lending reserve levels in Mexico. Marketing, promotion, rewards and cardholders services expenses increased 10% reflecting greater marketing and promotion expenses and higher volume related rewards costs. Both revenue and expense growth rates were also inflated by the translation of foreign currency. American Express had 16.4 million cards-in-force at the end of the quarter, up 4% from 3Q/07. Card billed business for the quarter increased 11% to $27.5 billion. For complete details on AmEx’s International card performance visit CardData (www.carddata.com.)

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DIGIPASS CERTI-ID

VASCO Data Security International has launched PKI-based “Digipass CertiID”,
a client-based software suite offering digital
signature capabilities. It provides a solution for strong authentication and
digital signature when using PKI certificates and keys. The solution uses a
smart card or a USB token. The certificates and keys are generated on the
device when the user requests a certificate for the first time. The
certificates and keys are managed on the smartcard or USB token and the
private key can never be exported. Whenever a document or e-mail requires
signing, a PIN code will be asked in order to access the certificates on
the smartcard or USB token. “Digipass CertiID” supports multiple Certificate
Authorities and several logins can be managed on a single device.

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MASTER BANK & DIEBOLD

Diebold has
assisted Moscow-based Master Bank in transforming its ATM channel into a currency-exchange network.
Nearly 500 Diebold Opteva ATMs
offering automated currency-exchange operations were installed with Bulk Note Acceptor (BNA) technology
complete with coin dispensers, to offer Master Bank customers and
non-customers a streamlined, round-the-clock currency-exchange solution
that provides the precise amount of cash back. The ability to accept and
dispense three different currencies (dollars, euros or rubles) is
helping turn Master Bank’s ATM fleet into multi-function machines that
serve as virtual branches. With currency exchange one of Russia’s most popular banking features,
alongside providing exchange operations through the existing branches,
financial institutions are working under agreements with currency
exchange venues and experiencing reduced revenue generation, while
customers are receiving limited services.

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ZECURE & ORBITALPAY

E-Commerce fraud prevention solution provider Zecure has installed
OrbitalPay’s “Acquirer SAFE” suite to prevent fraudulent merchants from
hiding illegal transactions. Acquirer SAFE helps acquiring banks and
payment service providers
keep high-risk merchants under control and prevent them from
processing illegal transactions disguised as legitimate ones. Acquirer SAFE
enables acquirers and PSPs to identify a transaction’s true origin based on
the behavior of shoppers on the merchant’s website. OrbitalPay is a
third party payment processor.

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Fifth Third Merchant Processing Up 9%

OH-based Fifth Third Bancorp reported that revenue for its Electronic payment processing services were flat compared to the prior quarter, but up 11% from one-year ago to $235 million. Merchant
processing revenue was up 9% from the previous year and card issuer interchange revenue increased 19% from the previous year. Interchange revenue growth was driven by an increased number of debit and credit card transactions and an increase in the average dollar amount per debit card transaction. Financial institutions revenue grew 6% from the third quarter of 2007 driven by higher transaction volumes. Fifth Third also reported the its credit card loans increased 26% to $1.72 billion. For complete details on Fifth Third’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com)).

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