UNIVERSAL ID CHECK

Experian has unveiled a multi-channel authentication system that
will enable organizations to verify the identities of residents from 24
countries around the world. The new “Universal ID Check” is a single, hosted solution requiring only one installation into an organization in order to facilitate the identity checking of residents with which it has face-to-face, online, call centre or postal interactions across the countries covered. Countries covered by Universal ID Check are: Andorra, Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Luxembourg, Monaco, Netherlands, Norway, Portugal, Slovakia, Spain, Sweden, Switzerland, United Kingdom and USA.

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OK-Q8 & EDB

Petrol retailer OK-Q8 and EDB have signed a five-year agreement representing total
contract value over this period of around SEK 80 million for services related to card issuance and internet card
banking services. In addition, EDB and OK-Q8 have agreed to investigate
opportunities to expand the scope of the contract into other areas
during the five-year period. The contract provides for EDB to to issue all cards for OK-Q8
Finance’s customer portfolio in the Swedish
market. The cards currently issued to these customers can only be used
for payments at OK-Q8 and its partners, totalling 900 locations. In
addition, OK-Q8 will begin to issue a new OK-Q8 VISA card, which will
allow its customers to use their cards throughout the Visa network. EDB
has developed a new state-of-the-art card services platform to provide
the basis for its products and services in this area, and OK-Q8 will be
the first of EDB’s customers to start using the new platform.
OK-Q8 is one of the largest payment card issuers in Sweden, with 1.3
million customers and 1.6 million cards in use.

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VOCALINK & SQUID

Transaction service provider VocaLink has teamed with sQuid eMoney to
develop a contactless prepaid smart card alternative to the debit and credit card networks
for sub GBP 10 tap and go transactions. Deploying existing modular technologies, the simple and proven
tap-and-go between card and reader delivers a significantly faster
transaction than chip & pin. sQuid has a multi-purse capability and is compatible with ITSO (transit)
standards. sQuid operates enhanced security between the card terminal
and payments engine, and allows additional functions to be delivered to
the card holder and the retailer. This enables a sQuidcard to be used
not only for low value purchases such as a newspaper, cup of coffee and
a sandwich etc. but also as a pre-pay transit card.
Security is enhanced because stored value
is retained within the payments engine, not the card.

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The NBPCA Celebrates its Third Anniversary

The Network Branded Prepaid Card Association is now entering its third membership year, which
is the final year of the initial three-year NBPCA business plan.
Building upon learning’s in the first two membership years, during the
third year, the Association will evolve its strategy and direction to
continue to drive a positive environment for network branded prepaid
cards. NBPCA has seen the the Association grow to include more than 35
members, a Board of Directors comprised of top industry leaders and two
fully-functioning working groups addressing government and
media/consumer issues. In accordance with the Association’s three-year business plan, the NBPCA
established measurable objectives for each membership year. Education
and outreach programs are conducted through two working groups, the
Government Relations Working Group and the Media & Consumer Education
Working Group. Anil D. Aggarwal’s three-year Chairmanship will conclude at the end of
the current membership year on June 30, 2009 and Gary L. Palmer has been
appointed Chairman-elect. He will assume the role of Chairman of the
Board on July 1, 2009. After stepping down as Chairman next year,
Aggarwal will remain actively involved as Founder and Chairman Emeritus.
The NBPCA recently launched a search for a permanent President
and Executive Director with the experiences and leadership to help the
Association achieve its potential in the years to come. The search is
being conducted by a search committee appointed by the Board of Directors.

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RED PRISM

Card issuer and payment processor Retail Decisions has launched a new research and development project in conjunction with City University London, the UK’s leading research centre in neural computing. The partnetship will seek to enhance and advance ReD’s neural technology “PRISM”, the proprietary neural technology developed by Nobel
Prize winning scientist, Dr. Leon Cooper that utilizes
both predictive neural and rules-based technologies designed to track
patterns of behavior that lead to financial fraud. Total losses on UK-issued payment cards rose by 25 per cent in 2007 to
GBP535.2m according to payments group APACS; that is more than GBP10m being
lost every week by UK businesses despite the tools already put in place to
tackle the problem.

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FNDS3000 CARD

FNDS3000 has announced that it launched the “Diamond Cash Card”
payroll card program in South Africa. The company’s major strategic objective was to install a prepaid
card- issuing platform in Johannesburg, South Africa to serve as a
launching pad for tapping into the expanding unbanked markets. The prepaid
platform will service South Africa and will expand to include many other
African and Middle Eastern countries such as Nigeria, Kenya, Tanzania,
United Arab Emirates and Qatar. FNDS3000 is a financial transaction processing company providing prepaid debit card and
merchant processing solutions to a market
with over 1 billion individuals worldwide who do not have bank accounts,
estimated at over $100 Billion in annual revenue. Our products allow
employers to replace payroll checks for all workers. In addition, employers
can use our products in lieu of cash to pay employees. Domestic and
international sharing of money is a key feature and the market is estimated to be over $100 billion
annually. Many of the products carry worldwide brand marks and can be used
anywhere in the world that accepts those brands. Other services include
gift cards, bill pay, prepaid cellular, and other prepaid products.

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ACI ENTERPRISE BANKER

E-payment platform provider ACI Worldwide announced that Societe Generale is
using “ACI Enterprise Banker” as the online banking product for the
business banking activities of its North American clients. Societe
Generale is implementing Enterprise Banker modules for Information
Reporting, Wire Transfer and Wire Reporting, Special Reports, ACH, Stop
Payments, Positive Pay and Remote Deposit Capture. Societe Generale is
one of the largest banks in the euro-zone in terms of assets
under custody, EUR 2 731 billion and under
management, EUR 391 billion, as of March 2008.

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08 Holiday Sales to Increase Less Than 3%

New research suggests that retailers should expect only a
modest increase in holiday sales over the 2007 season. The Deloitte forecast expects holiday sales, excluding motor vehicles and gasoline, to increase 2.5% to 3.0% during the November-to-January
period, less than last year’s 3.4% increase, and one of the smallest
gains since 1991’s 2% uptick. Deloitte says retailers that can offer unique value propositions – in terms of price, customer service, loyalty programs, or some other means – will be best positioned to attract the consumer’s attention. For example, many time-strapped consumers, who are now also feeling the pinch of higher gas prices, are seeking to make fewer shopping trips and may therefore be attracted by an
efficient, streamlined multichannel shopping experience.

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ACONITE & GLOBAL PLATFORM

Management solution provider Aconite has joined smart card association GlobalPlatform as a “Full Member.”
As a Full Member, Aconite is entitled to
take an active role in shaping the strategic direction of GlobalPlatform
and the development of its technology by enjoying heavily weighted
voting privileges, and the opportunity to nominate a representative for
election to the Board of Directors. Representatives from the company
can also participate in all of GlobalPlatform’s technical committees –
card, device and systems – task forces and working groups. The move follows Aconite’s
recent acquisition of the Affina Enterprise Platform software from
Datacard Group which extends its reach across the same market sectors
for which GlobalPlatform develops international smart card specifications.

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Mobibucks and ISTS Target Contactless

Mobibucks and ISTS Worldwide have partnered to meet the
growing demand for cashless payments and rewards by leveraging
Mobibucks’ “Cashless Payment Platform 2.0”. Mobibucks offers stored value accounts that
enable a range of cashless transactions and sales promotions through
seamless integration with existing Point of Sale (POS) technology via
simple text messaging protocols. Mobibucks reduces check-out time in
addition to enabling Person-to-Person payments and gift exchange and offers
merchants a paperless, cardless tool to offer coupons, loyalty rewards, gift cards and
online ordering. Consumers with a mobile phone or a browser can
intuitively use and manage their no-fee Mobibucks account.
ISTS Worldwide provides end to end technology services in the form of
custom application development, integration, testing and support
services which enables organizations to maximize performance and reduce operating costs through its best of
breed technology services stack delivered through a global delivery model.

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