TCM and ICBA Deploy Cypress Card Software

TCM Bank and the Independent Community Bankers of America (ICBA), the
organization for which the former is a subsidiary, has decided to deploy
Cypress Software Systems’ “Mark IV” for the automated credit card
application process. Providing a centralized application processing
solution, Cypress “Mark IV” hosted application software platform charges
no upfront hardware costs, provides bank management and full systems
control. The solutions will provide TCM automated consumer loan
application decisions through quickly retrieved credit reports,
efficient reviews of employment/income and discloses the chosen lending
institution’s loan policies. ICBA represents nearly 5,000 community
banks across the United States while ICBA Bancard payment services
provides over 2,000 community banks credit, debit and merchant
processing products.

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OBERTHUR 2Q/08

Diebold has signed distribution agreements with Banco do Brasil to
provide the organization 5,400 of its ATMs and check dispensers, 3,500
of which will be its “CD 4500” ATM model while 1,900 will consist of the
ATM deployer’s checkbook printing terminals. The new Diebold ATM service
will provide Banco do Brasil such security features as encrypted PIN pad
technology, electronic access control for maintenance access,
safe-locking capabilities, all ATMs protected with a 12-month warranty
and its own operating software platform. This units are in addition to
the 40,000 ATMs Banco do Brasil currently has in service across Brazil.
Banco do Brasil offers financial services to 24.4 million clients in
more than 3,000 cities and 22 countries.

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Trustwave Acquired ControlPath

Chicago-based data security provider Trustwave has acquired ControlPath,
a compliance software platform for managing and automating enterprise
Governance, Risk Management and Compliance. The integration of the
ControlPath GRC technology into Trustwave’s suite
of on-demand compliance management solutions will streamline multiple
compliance mandates for enterprise customers, reducing their expenses
and risk. The combined Compliance Suite manages and automates the entire
compliance lifecycle, from risk assessment and work flow, to remediation
planning and tracking and verification control testing for all security
compliance frameworks. The Compliance Suite can be deployed by companies
in the financial services, retail, manufacturing, energy, entertainment
and healthcare industries.Trustwave is the leading provider of on-demand
and subscription-based
information security and payment card industry compliance management
solutions to businesses and government entities.

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The Clearing House Names a New CEO

The Clearing House Board of Directors
announced that James D. Aramanda, previously with ADP, will serve as
CEO. Aramanda’s experience includes serving as Group President and
Executive Vice President of Automatic Data Processing, Inc. responsible
for brokerage, claims and dealer services businesses in 50 countries. He
also was Vice Chairman of Mellon Financial Corporation (now Bank of New
York Mellon) and CEO of processing businesses that operated around the
globe. During his 18-year tenure at Mellon, he successfully led and
enhanced the company’s benefits processing, pension administration,
shareholder administration, pension and HR consulting, cash management
and brokerage services.

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NAUTILUS & TRITON

Representatives of the South Korea-based Nautilus Hyosung have met with
Triton System management and staff at the Delaware Long Beach and
Memphis facilities of the latter. Having recently signed agreements to
acquire Triton from the Dover Corporation, Nautilus is hoping to close
the deal before 4Q08, pending regulatory approval. During the visit,
H.S. Cho, Executive VP of Corporate Strategy with the Hyosung Group, and
P.K. Ryou, CEO of Nautilus Hyosung, addresses Triton employees, Triton’s
management team and senior staff, answering questions and sharing a
vision for the future. Ultimately, Nautilus reps assured workers
security in their livelihoods with plans to establish a global R & D
center in the United States, expansion, and plans to invest in the
people, facilities and the communities of Long Beach and Memphis. Triton
provides ATMs and ATM management software at 180,000 locations in over
24 countries.

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Q2 Bankruptcy Filings Jump 12.5% Sequentially

Total bankruptcy filings jumped 31% in the second quarter compared to
the year ago period, and increased 12.5% sequentially. The number of
filings is the highest in more than two years. During the second quarter
total filings hit 276,510 compared to 245,695 for the first quarter and
210,449 one-year ago. Compared to two years ago bankruptcy filings
nearly doubled from 155,833. According to the Administrative Office of
the U.S. Courts filings in the 12-month period ending June 30th, neared
the one million mark. The 967,831 bankruptcy cases filed represent a 29%
increase over the prior 12-month period. Of the total filings 64% were
Chapter 7 filings. Consumer filings for the same 12-month period,
totaled 934,009, up 28% from the 727,167 bankruptcies filed in the
12-month period ending June 30, 2007.

QUARTERLY BANKRUPTCY FILINGS
2Q/06: 155,833
3Q/06: 171,146
4Q/06: 177,599
1Q/07: 193,461
2Q/07: 210,449
3Q/07: 218,909
4Q/07: 226,413
1Q/08: 245,695
2Q/08: 276,510
Source: Administrative Office of the U.S. Courts

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AUG CONSUMER

The China Consumer Confidence has rebounded for the month of August by
0.9 points to 92.9 following a 3.1 drop the month prior while there was
a 0.5 increase in the overall consumer confidence to 61.7. The overall
consumer confidence is an average of the 69.3 current conditions index
and the 56.8 future expectations index. These findings were compiled by
the Xinhua Finance “eziData China Consumer Confidence Index,” which is
produced monthly by the China consumer data provider, through 1,540
telephone interviews between the dates of August 1 and August 15, 2008.
Xinhua Finance Limited is headquartered in Shanghai, has offices and
news bureaus in 11 countries while eziData provide local China consumer
data.

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Gen X & Y Sees Financial Matters Differently

Fidelity Investments has released new research on “Gen X” and “Gen Y” that revealed five areas of conflict for both generations around career decisions, savings perceptions, Internet adoption, financial guidance and workplace savings plan usage. When asked about what keeps them up at night, 77% of Gen X, and 74% of Gen Y named money as their biggest concern, well above concern over family relationships or healthcare. Gen X/Y agree that saving for retirement is a goal, but other financial priorities and managing debt are more crucial. Fifty percent of Gen X/Y list saving for retirement as a current obligation or goal however 51% of Gen X/Y indicate other financial priorities prevent them from saving for retirement. When compared to saving for retirement, managing everyday finances, making mortgage payments and managing credit card debt all rank higher as crucial goals for both Gen X/Y.

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ATM MARKET STUDY

Edgar, Dunn & Company’s first “Australian ATM Market Study 2008” is
officially underway, slated for completion by November 2008 to examine
facts and figures on the Australian ATM industry. The market study will
provide conclusive evidence on deployment economics, market share,
analysis of industry trends and insight into the country’s ATM market
structure/dynamics compiled from surveys conducted through ATM
deployers, ATM service providers and industry experts. Sponsors of the
study include First Data ATM network, NCR ATMs, Wincor Nixdorf/ITS ATM
hardware, Cuscal banking services and Diebold financial services.
Results are projected for availability to subscribers by November 17,
2008. Edgar, Dunn & Company independent global financial services was
founded in 1978 to provide consulting and market insight in over 30
countries on six continents.

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Metavante Deploys Actimize Risk Management

Payment technology provider Metavante has announced that its
enterprise-wide fraud monitoring and reporting efforts will be supported
by solutions from Actimize risk management solutions.
Metavante’s first deployment of the Actimize real-time analytics
technology will be Metavante’s online bill payment services. This will
enhance the existing risk management processes Metavante already
provides its client base. The benefits of this commitment to
ever-improving levels for fraud monitoring and prevention include
real-time monitoring across both “risk-based” and “good funds” model
bill pay clients. Actimize solutions enable financial
institutions to increase their insight into real-time customer behavior
and improve risk and compliance performance.

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TIO & DOLEX

TIO Networks financial services network and Dollar Express
money transfer company have signed agreements whereby the former will
provide the latter Bill Payment Automated Programming Interface (API)
payment processing services at its money transfer branches. With the
solution, DolEx will process bill payment transactions with TIO’s direct
biller portfolio, allowing users to pay wireless, utility and cable
bills within the TIO portfolio. TIO provides secure access to expedited
payment service at over 10,000 endpoints in its processing network while
DolEx serves millions of consumers throughout the Latin American with
branches across the United States.

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Encore Capital Group Names New Chairman

Encore Capital Group has appointed George Lund, a current
member of the Board and its Audit Committee, to the Chairmanship of the
Board. Lund, who was elected to the Board in September 2007, brings 20
plus years of senior executive experience from the banking and credit
card industry to the Chair and is part of the Board’s commitment to
increase the company’s growth and to provide additional executive and
strategic support to the management team. Prior to joining Encore’s
Board, Mr. Lund was Chairman and CEO of BANKFIRST and led its growth
from $20 million to $1 billion in assets.

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