PAY LINX EXEC

Bringing to the organization over 25 years’ industry experience in the
financial services industry, Pay Linx electronic payment cards has
appointed Robert Pearce to its Board of Directors. Most recently serving
as President and CEO of the Personal and Commercial Client Group at BMO
Financial Group, Robert was also VP of Electronic Banking Services for
the organization. Additional accreditation includes his hand in founding
Moneris Solutions electronic payment solutions, Partners First credit
card, his seven years serving on the Board of Directors at MasterCard
International as Chair of the Executive Council for the Canadian Bankers
Association.

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MATICA EXEC

Matica card personalisation machine designer and manufacturer has
appointed Veraje Anjargolian Non-Executive Director. Bringing to the
company eight years’ experience with the Card Printer Division of Zebra
Technologies Corporation, 2 years’ experience with Eltron International
and as a founding member and CEO of Sara Electronics Corporation, Veraje
will be a welcome addition to Matica. Under his leadership, Zebra
Technologies desktop card printing revenue grew from less than US$4
million to over US$100+ million.

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Wincor Nixdorf Names a New U.S. CEO

Five shareholder lawsuits against Diebold alleging violations of federal securities laws were
consolidated into a single proceeding were dismissed with
prejudice in favor of Diebold and the other defendants.On August 22, 2008, U.S. District Court for the
Northern District of Ohio granted the
company’s motion to dismiss the consolidated cases. A separate class action suit against Diebold and certain current and
former officers and directors filed by participants in the company’s 401(k)
plan, alleging breaches of duties under the Employee Retirement Income
Security Act of 1974, remains outstanding.

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DBS & CUP

Nearly 1.1 million Chinese tourists visit Singapore annually, bringing
with them major tourist revenue. In response, Singapore-based DBS Bank
has signed collaborative agreements to allow 1.6 billion Chinese CUP
cardholders to use their payment cards at more retail outlets and POS
terminals across its respective country. In addition to the already 950
DBS ATMs across Singapore and Hong Kong through which Chinese can access
funds, the agreements now will allow for CUP card acceptance for cash
withdrawal at all DBS ATMs across the region. According to DBS, however,
full implementation and all its thousands of merchant partners in
Singapore to sign up for the CUP payment service is expected to take
some time.

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ATM MARKET

The number of global ATM installations grew by 130,000 units last year to a total of 1,778,187, the fastest growth rate in seven years. A new study now projects that global ATM installations will exceed 2.5 million by 2013. London-based Retail Banking Research just released a new survey showing that growth continues to be stronger in the developing and emerging regions such as CEE and the Middle East and Africa. In contrast, growth in the more mature markets of North America and western Europe has continued to slow, with the focus shifting towards replacement terminals. Asia-Pacific remains the largest region and made the largest contribution to the growth in the worldwide ATM base last year, having added over 50,000 machines. China alone accounted for a staggering 40% of this increase. CEE also stood out, contributing 25% of growth despite only representing 7% of the global ATM market.
RBR says that in the world as a whole, replacement machines will represent an increasingly important component of shipments. By 2013, two-thirds of all machines shipped worldwide are forecast to be replacements for existing ATMs. In most cases these replacement machines are a substantial upgrade in terms of performance and functionality, compared to the units they replace. In the mature North American market, the total proportion of shipments represented by replacements is more than 90%, and is set to rise to 99% by 2013 as the deployment of new installations stalls.

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FREESTAR POS

FreeStar Technology Co has deployed 4,000 of its POS terminals through
its wholly owned Rahaxi Processing Oy and FreeStar Dominicana
subsidiaries since initial deployment in December 2006. Given these
results, FreeStar intends to accelerate the rate of terminal deployment
over the next 12 months, targeting a total of 160,000 installed units
across Finland and the Dominican Republic. The terminal provider is also
rolling out the payment devices across Spain, Iceland and Denmark and is
hoping to expand with potential clients in the Middle East and Caribbean
countries. FreeStar Technology Co provides payment solutions to
merchants in more than 20 countries with financial solutions worldwide.
These merchant partners include IKEA, Finnair and Stockmann.

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Diebold Shareholder Lawsuits Dismissed

Wincor Nixdorf International has appointed Patrick Wright CEO of its
U.S. division. Bringing with him experience as a senior executive with
JPMorgan Chase & Co, Wright will oversee banking and retail expansion of
programmable POS systems across the United States for Wincor, which
currently has contracts with nine of the top 25 U.S. banks.
Additionally, Wright is 41 and holds a bachelor’s degree
from the University of Texas at Arlington. Wincor Nixdorf is a
German-based ATM manufacturer.

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SEPA ISSUES

With European international payments failing to conduct 41% of the time
annually, European banks are losing EUR21billion annually despite the
deployment of SEPA (Single Euro Payments Area) and its initiative for
cutting transaction costs. Although the EU has published findings
showing SEPA has the potential to save Europe’s banks EUR123 billion
over a six-year period, representatives of Misys banking solutions have
found a total of 574 million cross-border commercial payments fail each
year equating to an average of 2 million transactions daily, each with a
price tag of EUR36. Misys serves over 1,200 client banks and employs
around 4,500 people in more than 120 countries.

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SAETIC & INSIDE

INSIDE Contactless advanced contactless microprocessor platforms has
partnered with SAETIC plastic payment card manufacturer, which targets
banking and public transportation. The partnership will focus on
incorporating INSIDE’s “MicroPass” contactless technology platform with
SAETIC’s EMV plastic card and contactless sticker products. The
MicroPass platform offers flexibility for open standard contactless and
dual-interface bank card payments using RISC architecture for the
requirements of contactless transactions while SAETIC (Sociedad Anonima
Espanola de Tarjetas de Identificacion y Credito) card manufacturer
provides dual-interface production capacity based on its own “flexible
bump” technique. France-based INSIDE Contactless contactless
microprocessor platforms offer bank card issuers, retailers, co-brand
partners, service providers and card brand organizations more than 100
million products worldwide.

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MINT MASTERCARD

Mint and Yep! Mobile have signed contracts to provide the “Mint
Mastercard” prepaid card through the Facebook.com Platform applications
targeting the “social gaming” demographic. Combining Yep!’s online
marketing, which is conducted through its CPA (Cost Per Account)
affiliate network for such products as mobile games and credit
campaigns, with Mint’s pre-paid teen MasterCard, the partnership offers
social networks and financial products on one webpage. The “Mint
MasterCard” will provide users social gaming activities, a points
program redeemable for games, gifts, and trade, and a way for teens to
connect online interests with the real world.

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First Data to Process Apartment Credi

CA-based credit scoring company WECOSIGN has partnered with First
Data Corporation to process all of WECOSIGN’s credit information for
new applicants seeking apartments.
Applications for WECOSIGN’s service have increased by more than 100%
since the opening of their corporate office in July and has quickly
established itself as the nation’s leading company for people with poor
credit scores who need help gaining approval for apartment rental
agreements.

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PCC & CPI

Colorado-based CPI Card Group has acquired U.K.-based plastic card manufacturing, personalization, and fulfillment company PCC, a major supplier to the Western European market. CPI produces high-quality, general-purpose, magnetic stripe and smart cards. CPI’s production sites include Denver, Colorado; Fort Wayne, Indiana; and Las Vegas, Nevada. PCC is the only card company in the U.K. that is accredited for ISO 9000, 14000, and FSC (Forestry Stewardship Council), with facilities in Colchester and Liverpool, England.

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