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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AmEx and Discover Top Card Satisfaction Poll

A new survey of more than 7,600 consumers reveals that cardholders
are the most satisfied with American Express credit cards, followed by
Discover credit cards. The study measured customer satisfaction by
examining interaction; billing and payment process; fees and rates;
reward programs; and benefits and services. The second annual J.D. Power
and Associates “2008 Credit Card Satisfaction Study” found that American
Express scored 783 on a 1,000-point scale and Discover scored 751.
American Express performed well in all five factors driving customer
satisfaction while Discover performed well in interaction, billing and
payment processes, and reward programs. The research also discovered
that 72% of all cardholders participate in some type of reward program.
Cash rewards are the most common type of reward redeemed and the
second-most satisfying type of reward. Hotel stays are the most
satisfying type of reward. Furthermore, satisfaction among customers who
redeem rewards is 117 points higher, on average, compared with customers
who do not redeem rewards. Additionally, 77% of transactors most often
select their card based on reward programs while 65% of revolvers select
their card for this reason. Power also noted that overall satisfaction
increases by 53 points, on average, among customers who report that they
are aware of standard benefits such as fraud protection and e-mail alerts.

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NET 1 UEPS 2Q/08

Net 1 UEPS Technologies has released its 4Q/08 and year-end financial results, reflecting a fundamental net income and earnings per share growth. Regarding 4Q/08, Net 1 UEPS saw the official launch of its wage payment system in the KwaZulu-Natal province and, since the year-ago period, merchant acquiring system transactions increased 15%, grants paid increased 5% since, transactions processed per terminal increased 19%, the number of active UEPS smart card-based accounts increased 6% to 4,022,193 and transactions processed by EasyPay increased 17%. Net1 provides universal electronic payment (UEPS) to the
unbanked/under-banked in developing economies, targeting 4 billion
potential customers around the world.

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Aug Credit Manager’s Index Levels-Off

The seasonally adjusted “Credit Manager’s Index” was flat in August at 50.7, hanging only slightly above the neutral economic expansion/contraction point. The monthly survey found that in both manufacturing and service, dollar collections and the dollar amount beyond terms worsened. The data suggest that tough economic conditions are strangling buyers’ cash flow. Buyers are stretching their payment terms beyond normal and even after that, it appears that they still cannot pay their bills. The NACM noted that all 10 of the components in the manufacturing sector index fell, pushing the index down 4.6% to 50.4%. The service sector hardly fared better as all 10 components fell, driving the index down 4.2% to 51.0%.

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Givex Cards Certified for MS Dynamics AX

Closed loop card technologies provider Givex announced that it is now certified by “Microsoft Dynamics AX”.
This was done in collaboration with enterprise software provider Junction Solutions, which uses
the Microsoft Dynamics AX platform to bring comprehensive ERP solutions
within the reach of many mid-size to large businesses. With this
integration, Junction Solutions clients will now have the ability to accept
Givex gift cards and coupons as well. In addition, Junctions Solutions has successfully integrated the Givex
gift card program into its JunctionEOD for eCommerce and JunctionISS for
point-of-sale solutions to include scan or MSR card swipe, balance inquiry,
purchasing, reloading and redeeming gift cards, and gift card cash out.
In addition to gift cards, Givex also provides other solutions for all
aspects of a merchant’s business including: loyalty cards, e-gift
certificates, frequency cards, returns cards, employee incentives, expense
accounts, promotional cards and coupons.

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NetSpend Axcess MasterCard is Launched

TX-based NetSpend has inked a deal with OH-based Axcess Financial to
launch the “NetSpend Axcess Prepaid MasterCard.” Axcess products are
distributed through multiple channels, including online, internationally
and more than 1,300 Check ‘n Go retail locations in 30 states. A pilot
program was launched August 25th, making the “Axcess Card” and the
“NetSpend National Savings Program” available to customers at more than
200 Check ‘n Go locations in OH, TN, MI and KY. The program is planned
to roll out to remaining locations later this year. The “Axcess Card” is
issued by TX-based Inter National Bank.

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ZOOM BUST

MasterCard Canada, CUETS Financial affiliated credit union and MBNA
Canada Bank are advising Canadians who purchased Zoom Airlines tickets
with their respective credit card unable to receive refunds/replacements
for flights canceled to contact the appropriate card issuer. As a result
of Zoom Airlines ceasing operations, the organization was unable to
fulfill purchased services, funds for which the purchaser is entitled a
refund according to Mastercard. CUETS Financial advises their consumers
to contact their credit union through which the Zoom Airlines
transaction was conducted while MBNA Canada Bank customers are
instructed to contact their customer service representatives while
having on hand receipts, copies of tickets, etc.

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