IRISGUARD

Biometric identification system IrisGuard has been awarded a contract from the
Cooperative & Agricultural Credit Bank (CAC), Sana’a, Republic Of Yemen to provide a comprehensive iris biometric
identification management system for CAC Bank’s customers. The bank is the first
bank in the republic to deploy IrisGuard iBank Suite(R) and iris imagers
at all its branches in Yemen.
The “IrisGuard iBank Suite”
will be used to authenticate banking transactions
for all the bank’s clients. “IrisGuard iBank Suite” can be deployed in a diverse range of ways in the financial sector. Later this year, IrisGuard’s strong authentication
suite will be extended to customer internet online-banking services and
employee time and attendance. Additionally all 80 ATM’s units deployed
at Cooperative & Agricultural Credit Bank branches throughout Yemen will
be equipped with the latest “Dual Eye IG-AD100” Iris Cameras with
enhanced user interface thus providing greater user security, usability,
accountability, accuracy and low operational cost, which will ultimately
reduces the total cost of ownership for banks worldwide.

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CPI CARD GROUP CANADA

CPI Card Group has acquiring a facility formerly known as Metaca, located in the greater Toronto area.
This latest acquisition is keeping with the CPI strategic vision of expanding to support its ever growing international
customer base. The Canadian financial card landscape is changing quickly
with the rollout of EMV, Dual Interface and contactless chip technology.
CPI’s focus is to provide the Canadian customers with innovation,
flexibility and delivery to help them better compete in their market
sectors. The new full service bureau facility will be named CPI Card Group –
Canada and will be led by well-known card industry executive Anna Rossetti
as President. Rossetti, who was formerly president of Giesecke & Devrient
(G&D) in Canada. Before joining CPI, Rossetti spent 8 years in Toronto with G&D having
served as its President for the last 4 years and SVP Sales and General
Manager prior to that. During her tenure, Rossetti was instrumental in
providing the strategic vision and leadership that positioned G&D as a
market leader. Rossetti’s expertise will provide the necessary direction in
leading CPI through its company growth in Canada.

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CITIBANK DEBIT/ATM CARD

Citibank today launched the Citibank Debit and ATM Card,
offering customers global access to cash, free of charge at 13,500
Citibank ATMs in over 100 countries, and convenience to make purchases
at more than 29 million Visa merchant outlets worldwide. Citibank is targeting to issue 100,000 new cards over the next 12 months.
With this card, Malaysians traveling overseas will be
able to obtain cash from over 13,500 Citibank ATMs across 100 countries
worldwide, at no extra costs. Customers can also pay for purchases using
the debit card at over 70,000 VISA merchant outlets in Malaysia and more
than 29 million VISA merchant outlets worldwide. Free Retail Purchase
Protection Plan: Along with the convenience of a large global network of
ATMs and merchants, Citi’s debit card also provides customers with
automatic retail purchase protection of up to 30 days, in the event of
stolen, loss or damaged goods up to the prescribed limit.

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UNIVERSAL CREDIT CARD

ZAO Citibank, ZAO Express Card and MasterCard have announced the launch of a joint credit card that contains a contact-free chip for travel in Moscow’s “metro” underground rail system and allows the holder to make retail and online purchases to take advantage of numerous discounts available in Russia. This is the fifth “transport: credit card offered by Citi – previously, such projects have been successfully launched in Singapore, Delhi, New York and Washington, D.C. The partner companies releasing the card now plan to add the function of paying for travel on all forms of public transportation in Moscow.

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Global Cash Access Expands Customers with 20 Casinos

Gaming cash provider Global Cash Access expands its roster of customers with the addition of 20 international casinos.
The expansion includes 11 properties in the Czech Republic, marking
GCA’s entrance into that market. In addition to the Czech properties, GCA signed agreements with three
additional establishments in Canada; one in Switzerland; and five in the
Caribbean, including Antigua, Aruba, Belize, Curacao and Puerto Rico.
Among the services GCA will provide to the new casino customers are
efficient credit card cash advance and debit card withdrawals from GCA’s
QuikCash kiosks and terminals, as well as from casino cashiers. Casino
cashiers will also benefit from GCA’s QuikCash Plus Web browser-based
system, which streamlines and speeds transactions and improves customer
service.
GCA provides more than 1,100 casinos and other gaming properties,
including 100 outside of the U.S., with a range of cash access products
and information services that are designed to give patrons more
convenient access to cash – and enable properties to better serve,
understand, attract and retain their customers.

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FastUpFront Helps Small Businesses get Loans

Lending provider FastUpFront has introduced new technology
that provides small business to qualify for unsecured cash advance
loans. FastUpFront provides this essential service to businesses facing cash crunches. This is a common phenomenon for firms dealing with steep
growth curves or seasonal lulls in revenues. Banks and other
institutional lenders are often unwilling to provide unsecured loans for
operating cash flow, leaving businesses to seek other methods of
financing. Small business cash advances are generally offered against a
company’s credit card receipts. FastUpFront now provides these companies
options in seeking cash advances.

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GPN & ZAO

A new report released from Datamonitor details the Treasury’s plan for the rescue of eight banks on the verge of collapse. The plan includes a commitment from the banks to raise their Tier 1
capital position by a combined GBP25 billion, with funds made
available by government in return for preference share capital or
permanent interest bearing shares; minimum of GBP25 billion in further support for all eligible institutions as required, on the same terms as above and a government guarantee of new short and medium term debt issuance of varying terms up to 36 months. The Treasury expects take-up of this facility to reach GBP250 billion. In order to implement the bailout, the government will impose restrictions that include limits on executive remuneration, including bonuses, a suspension of dividend payments, and pledges to continue lending to consumers and businesses, in return for bearing risk at a level of around GBP2,300 per taxpayer.
The seven banks that have confirmed their participation in the scheme
are: Abbey, Barclays, HBOS, HSBC Bank plc, Lloyds TSB, Royal Bank of
Scotland, and Standard Chartered. The largest building society in the
market, Nationwide, is also participating.

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VIPdesk has Received PCI Level 1 Service Provider validation

Call center service VIPdesk has received PCI Level 1 Service Provider validation. In order to comply with PCI-DSS, companies must have in place strong
data security processes and policies — including preventing, detecting
and reacting to security incidents. Compliance with the standard as a
Level 1 Service Provider requires an assessment of those processes and
policies by an independent Qualified Security Assessor certified by the
PCI Security Standards Council. The standard is the
result of a collaborative effort from five major credit card brands
including American Express, Discover Financial Services, JCB
International, MasterCard Worldwide, and Visa Inc. VIPdesk offers virtual customer care services to global brand
leaders in industries including financial services, travel, retail and
automotive services.

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Etelcharge.com Releases Consumer Electronics Warranty Gift Cards

Online payment solution provider Etelcharge.com announced that Consumer Electronics Warranty Gift Cards are now live and available for purchase on the Etelcharge.com website. Etelcharge.com is the first Web 2.0 online payment system that provides online shoppers the ability to charge approved transactions to their telephone bill. While addressing the concerns online shoppers have about identity fraud and identity theft, the Etelcharge.com payment option is also a perfect match for the millions of individuals without a credit card, or even a bank account.

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Double Rebate for New Shell Platinum MasterCard Cardholders

Shell has launched a new “Double Rebate” worth 10% for new Shell Platinum MasterCard cardholders. Consumers who open
a new Shell Platinum MasterCard account will be eligible to receive 10%
rebates on Shell gasoline purchases, which can mean an average savings of 38 cents per gallon at $3.82 a gallon, and 2% rebates on all other
purchases for the first 60 days after receiving their card. This promotion also will benefit Shell-branded wholesalers and
retailers by driving more traffic to sites and increasing usage of the
Shell Platinum MasterCard, which has a zero transaction fee for site
operators.

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FEE-FREE ATMS

Online bank Citizens Bank of Canada has introduced a
new, no-fee Global Chequing Account that doesn’t charge for US and
international ATM withdrawals. There is no monthly account fee or
minimum balance required either so one can save at home or abroad and
the account also offers no fees for debit card purchases in Canada or the
US and free bill payments, transfers and cheques. Holders of the Global
Chequing Account have access to over 2,500 ATMs across Canada, over one
million ATMs worldwide and 24-hour web and phone access to their account.

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