ACI Unveils Proactive Risk Manager v7.1

E-payment software provider ACI Worldwide has introduced its new version
of “ACI Proactive Risk Manager Release 7.1 Version 08.2” fraud
monitoring and detection solution on IBM’s “System z” hardware platform.
Clients using the latest version of Proactive Risk Manager on IBM’s
“blue stack” database, middleware and security platform will benefit
from comprehensive fraud detection features as well as the high
reliability, availability and serviceability of IBM’s z/OS operating
system and the underlying performance and security of the System z
hardware platform. Customers can use the solution to lower transaction
costs, improve margins and enhance their competitive positioning by
optimizing their financial, technological and human resources.

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GPN & HSBC

Global Payments electronic transaction processing solutions and HSBC
bank have signed expansion agreements to provide payment processing
services to merchants in the Philippines with the “Global Payments
Asia-Pacific” solution. The agreements stipulate “Global Payments
Asia-Pacific’s” payment to HSBC for approximately USD$20 million in cash
for a 56% ownership in the joint venture, to which HSBC will refer new
merchant customers under its ten-year marketing alliance agreement.
Global Payments Inc provides a comprehensive line of electronic
transaction processing services to organizations located throughout the
world.

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Rewardsnetwork Identifies a Dining Slump

Undoubtedly due in large part to a struggling economy, data now show
36% of Americans are dining out less in August than in May, while 1%
have scrapped dining-out all together. Among those whom have curbed
their appetites for diners and restaurants, 34% cite having less
disposable income, 27% feel dining out has become much too costly, 33%
are choosing less expensive restaurants, 36% are using coupons more
often and 20% are passing on desserts or drinks. Rewardsnetwork.com
online dining rewards program compiled this research from its survey of
867 of its Rewards Network members in August.

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Wells Fargo Expands its CEO Mobile Service

Wells Fargo & Company has expanded features to enable authorized “CEO
Mobile” users to initiate and approve federal tax wires and self
administer its features. CEO Mobile service is a streamlined, mobile
version of Wells Fargo’s Commercial Electronic Office (CEO) portal.
In addition to the new functions, the CEO Mobile service delivers key
reporting information including balances, float, account activity and
wire detail, the ability
to initiate and approve wires, and the image positive pay service so
mobile customers can view exceptions, including the check image – an
important protection against fraud – when deciding to pay or reject
check exceptions.

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Soles4Souls Platinum Visa is Launched

TN-based charity Soles4Souls has teamed with CardPartner to offer the
“Soles4Souls Platinum Visa” credit card. The program gives Soles4Souls
$50 for each card activation. Funds will help provide free footwear to
those in desperate need both in the US and around the world. Since its
inception, Soles4Souls has distributed more than 3.4 million pairs to
people in more than 60 countries. CardPartner is a
unit of the privately held Serverside Group, a technology provider to
many of the world’s leading banks. Visa credit cards offered through
CardPartner are issued by MO-based UMB Bank.

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Element Payment Launches Hosted Payments

AZ-based integrated transaction processing solution provider Element
Payment Services has launched “Hosted Payments” payment solution.
The software vendor’s application is responsible for collecting all of
the non-sensitive data needed to perform a payment transaction, while
Element collects, stores, processes and
transmits all sensitive cardholder data. Software vendors avoid
the hassle and cost of achieving PA-DSS (PABP) compliance because the
“Hosted Payments” solution is integrated with Element’s PCI DSS
compliant “Express Processing Platform”.

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Stress on Card Profits Remains in July

U.S. credit card return on average assets has dipped to its lowest
level in three years. In July, the ROAA dropped 35 basis points from the
start of the year and is now down 58 basis points from one-year ago.
According to CardData (www.carddata.com), the July ROAA declined to
2.00%, compared to 2.02% in the prior month. FitchRatings reported
yesterday that the monthly payment rate and charge-off rate, among U.S.
credit card ABS, remained negative in July while yield, delinquency and
excess spread are improving. The three-month average for charge-offs
remains at 6.3% while the monthly payment rate has declined to 19.1%.

Credit Card ROAA
Jan 08: 2.35%
Feb 08: 2.21%
Mar 08: 2.16%
Apr 08: 2.20%
May 08: 2.15%
Jun 08: 2.02%
Jul 08: 2.00%
Source: CardData (www.carddata.com)

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Amazon Introduces AGC On Demand

Amazon.com’s ACI Gift Cards has launched “Amazon Gift Codes On
Demand”, a real-time electronic gift-card distribution
option. With AGC On Demand, gift codes are created individually in
virtually any denomination and can be immediately issued in almost any
format — based on the client’s preference — including e-mail, HTML,
customized/co-branded cards and paper receipts. Companies are
able to reduce physical gift-card fulfillment overhead and secured
facilities for storage while providing
gift card recipients with a customized experience and instant
gratification.

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Credit Card Delinquency Stabilizes in July

Credit card delinquency (30 days only) has not exploded as some
expected, but rather is up a mere five basis points from last month and
up 51 basis points from last year. The overall delinquency rate hit
5.57% in July, up seven basis points from last month and up 90 basis
points from July 2007. According to CardData (www.carddata.com), the
30-day delinquency rate for July was 2.53%, the 60-day delinquency rate
for July was 1.30%, the 90-day delinquency rate for July was 0.79%, and
the 120-day delinquency rate for July was 0.95%. Capital One reported
that U.S. Card delinquency edged up in July by 11 basis points, and is
now up 22 basis points over year ago levels.

30 Day Delinquency
Feb 08: 2.43%
Mar 08: 2.46%
Apr 08: 2.48%
May 08: 2.52%
Jun 08: 2.48%
Jul 08: 2.53%
Source: CardData (www.carddata.com)

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U.K. Credit Card ABS Improves in July

The “Monthly Payment Rate” and the “Yield” for credit card-backed
securities in the U.K. increased significantly in July. “Delinquency”
remained stable for the third consecutive month and “Charge-Offs” also
improved in July. According to FitchRatings, the “Monthly Payment Rate”
increased to 18.60% in July, compared to 17.00% in the prior month.
Fitch also reports that the “Yield” rose to 20.9% in July, compared to
20.2% in June. The Fitch “Charge-Off Index” decreased to 6.5% in July
after hitting 6.9% in June, the highest level in nine months. The Fitch
“Delinquency Index” was flat at 3.7% for July, its highest level since
June 2007. Fitch noted that the buyback of delinquent receivables by Egg
has to some extent distorted the reported performance for the Pillar
trust, artificially increasing the MPR and decreasing charge-offs, which
has had a slight impact on its indices.

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Crimeware-Spreading Web Sites Triple in Q2

Hackers have redoubled efforts over the past year to bypass security
measures with 6,500 detected crimeware-spreading URLs. This figure is up
93% from the previous figure of 3,362 detected crimeware-spreading
website addresses, up 337% from the end of the first quarter, 2007 and
up nearly 86% from the previous record of 3500 in November, 2007. These
findings are in conjunction with figures showing the number of domains
being used to target a specific brand by hosting URLs in phishing
attacks were up from 6682 to 7584 during the same period, according to
CA-based Anti-Phishing Working Group’s (APWG) first quarter survey
conducted March of 2008. The APWG was founded in 2003 as an industry,
law enforcement and government coalition focused on eliminating the
identity theft and fraud made-up of 1,800 companies and government agencies.

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