SCM & XIRING

Remote transaction provider XIRING and SCM Microsystems have partnered to develop mobile eHealth smart card
terminals for the German healthcare system. With this agreement, SCM will sell the mobile terminals
in Germany through its existing distribution channels and Value Added
Partners. XIRING brings strong technical and field experience to
the collaboration, highlighted by its robust mobile platform for
healthcare professionals that is already deployed in France. SCM
Microsystems has developed several generations of proto-type and
market-ready desktop eHealth terminals based on its close, multi-year
collaboration with gematik, the German healthcare organization
overseeing the country’s eHealth scheme, and the German Federal Office
of Information Technology, BSI (/Bundesamt für Sicherheit in der
Informationstechnologie/), in charge of defining security requirements
for the program. XIRING and SCM are uniquely qualified to address the
demanding technical specifications and strict security targets for
mobile terminals in the German program. Beginning in
late 2008, new electronic health insurance cards will be distributed to
82 million German citizens, creating a market for compatible mobile
eHealth terminals that facilitate at-home patient consultation and
treatment by Germany’s 310,000 healthcare professionals and 130,000
physiotherapists.

Details

Big Banks Don’t Understand Small Biz

A new report from Aite Group reveals that large banks have still not be
able to serve small businesses including their abilities to understand
business needs, customer service, and serve small businesses at the
right target cost point. Banks admit to weaknesses in areas such as
cross-selling, achieving high online adoption rates, serving
small-business customers through an integrated sales/service model and
customer service, and acknowledge a need for improvement. They feel
their performance is far stronger when it comes to offering the right
online capabilities and building customer trust. Most large banks
recognize the need to further enhance their online capabilities with
functionalities like the ability to create or view spending and income
trends, develop forecasts, and categorize card transaction data.
However, they must also improve their customer service, better integrate
their technologies and share best practices across the bank.

Details

FVC & VASCO

VASCO Data Security International announced that Value Added Distributor
FVC has become VASCO’s first authorized
training center and certified partner for “VACMAN Middleware” and
“Identikey” in the Middle East. FVC distributes
VASCO’s “DIGIPASS” technology, VACMAN authentication software, aXs GUARD
and Identikey through its channel network enhancing the availability of
VASCO’s authentication solutions across the Middle East, Northern Africa
and Pakistan. As a certified partner, VASCO offers FVC the leverage to enhance its
core offerings and strengthen their relationships with valued customers.
The partnership allows VASCO to bring added value to their end-users
through FVC’s market knowledge, expertise and ability to customize
solutions and services. VASCO is a leading supplier of strong authentication and e-signature
solutions and services specializing in Internet Security applications
and transactions.

Details

Big 3 Charge-Offs Average 5.83% for Q3

Credit card charge-offs for the nation’s three largest issuers, Chase, BofA and Citi jumped again in the third quarter, now approaching an average of 6.00%. BofA posted third quarter charge-offs of 6.40%, compared to 5.96% in the prior quarter and 4.67% one-year ago. However, BofA’s 44 basis point sequential increase in charge-offs was an improvement over the 77 basis point jump in the second quarter. Citi reported 3Q/08 charge-offs of 6.10%, compared to 5.72% in the prior quarter and 3.86% one-year ago for its Visa and MasterCard domestic programs. Citi’s 38 basis point sequential increase in charge-offs was also an improvement over the 79 basis point jump in the second quarter.
Chase, the nation’s largest issuer, posted third quarter charge-offs of 5.00%, compared to 4.98% in the prior quarter and 3.64% one-year ago
However, Chase’s two basis point sequential increase in charge-offs was far better than the 61 basis point jump in the previous quarter. For more details on third quarter credit card performance visit CardData ([www.carddata.com](http://www.carddata.com))

Credit Card Charge-Offs
3Q/07 4Q/07 1Q/08 2Q/08 3Q/08
BofA 4.67% 4.75% 5.19% 5.96% 6.40%
Chase 3.64% 3.89% 4.37% 4.98% 5.00%
Citi 3.86% 4.30% 4.93% 5.72% 6.10%
Source: CardData (www.carddata.com)

Details

Meta Payment Systems Joins PCI Council

Meta Payment Systems has joined the
PCI Security Standards Council as a new “Participating Organization”.
As a Participating Organization, Meta Payment Systems will now have
access to the latest payment card security standards from the Council,
be able to provide feedback on the standards and become part of a
growing community that now includes more than 500 organizations. In an
era of increasingly sophisticated attacks on systems, adhering to the
PCI DSS represents an entity’s best protection against data criminals.
By joining as a Participating Organization, Meta Payment Systems is
adding its voice to the process.

Details

eCommLink and VAT Target Payroll Cards

Prepaid processor eCommLink and OR-based stored value solution provider
Virtual Automated Technologies have partnered and integrated platforms
to offer prepaid solutions for the payroll and incentive markets.
The first programs that eCommLink will process for VAT are prepaid
payroll cards to enable businesses to offer direct deposit to their
employees who do not have a traditional bank account Prepaid debit
cards for multi-level marketing commission payments, payday loans, and
consumer rebate and incentive programs will also be offered through this
partnership.

Details

INSIDE & ACT

INSIDE Contactless was recognized by contactless technology authority ACT Canada
as winner of its “Lorne Boates Award”. The INSIDE MicroPass contactless platform was chosen by Canadian issuers
and card manufacturers because it was fully certified, secure, and
available in abundant quantities to meet aggressive time-to-market
deadlines. Coupled with the platform’s proven performance in global
markets, INSIDE MicroPass has emerged as the platform of choice for
contactless payment in Canada. MicroPass platforms already power
thousands of contactless consumer transactions in Canada’s grocery,
restaurant, theater, gas stations, and retail outlets.

Details

WINCOR NIXDORF CENTER

Wincor Nixdorf is to open a prestige new business support centre and help desk in
Dartford with 200 staff to provide IT services to high-street retail names
from Drake House, Crossways Business Park, Dartford.
The company is relocating from
its existing office, Jupiter House at Orbital Business Park in Dartford,
as well as transferring operations and personnel from other regional
business centres and taking on new staff.

Details

Big 3 Outstandings Rise 5.3% for 3Q/08

Credit card outstandings for the three largest U.S. card issuers, Chase, BofA and Citi, grew by an average of 5.3% in the third quarter. The growth was led by Chase, posting a 7% gain over 3Q/07 to $159.3 billion. BofA was only up 1% to $183.4 billion, while Citi posted a 2.5% increase to $96.0 billion, according to CardData. The three largest issuers have a 53% collective market share in the U.S. market with $438.7 billion in end-of-period 3Q/08 outstandings. American Express will report third quarter results this afternoon. Visa will report third quarter financial results and second quarter card statistics next week. MasterCard is set to issue its full third quarter performance report the week of November 3rd. For the latest third quarter results visit CardData ([www.carddata.com](http://www.carddata.com)).

Details

Size and Location Affect Overdraft Fees

New research has found large disparities in checking overdraft fees
across the country. The study by Chicago-based Moebs Services
found that financial institutions in Miami charge an average fee of
$30.26 per OD, while the average fee per overdrawn check in Washington
D.C. is $28.15, and in Denver is $28.02. Banks and credit unions with
less than $100 million in assets charged an average of $24.28 per
overdrawn check; those with $100 million to $1 billion charged $26.74;
financial institutions with more than $1 billion charged an average of
$27.93; and banks with more than $20 billion in assets charged $33.43.
Moebs also found that debit-card overdrafts are allowed by an average of
47.8% of banks and 57.9% of credit unions. The national average for
debit card overdrafts is 52.7%. ATM overdrafts are allowed by an average
of 33.5% of banks and 40.5% of credit unions. The national average for
ATM overdrafts is 36.9%.

Details

ICICI/BA AMEX

ICICI Bank and British Airways have partnered to launch American Express credit cards for Indian international travelers. The new “ICICI Bank British Airways American Express” credit cards offer up to 9 miles for every Rs. 100 spent on the card and a 5% discount on select flights charged to the card. The new co-branded card also offers a 25,000 mile bonus for cardholders who book and fly on British airways from India to the UK within the first three months of membership. There is also a bonus of up to 8,000 miles when the card is first used. The new program offers a “Classic” card for an annual fee of Rs. 3,500 or a “Premium” card for an annual fee of Rs. 7,000.

Details

FDC’s REMITCO and WFS Expand Services

WAUSAU Financial Systems and First Data subsidiary REMITCO have entered
into a new agreement that expands WFS’ proprietary software solutions
into a full service offering for remittance processing. Under the
agreement, WFS will provide multiple levels of service that
allow organizations to choose end-to-end remittance processing or a more
limited solution that can grow over time. The expanded solution can be
used by a number of industries, including financial services, utilities
and insurance companies. First Data will
host the software environment, manage the service facilities, and
provide the labor necessary to process the transactions. The agreement
also calls for First Data to beta test new WFS product development and
new releases and upgrades to the software. The WFS remittance solution
supports nearly 4 billion transactions annually. REMITCO has used the
WAUSAU Financial Systems software within its lockbox network for nearly
five years.

Details