JUNE DEBT

Credit card outstandings rose in June by GBP 439 million to a total of
GBP 55.4 billion. Year-on-year credit card outstandings (not seasonally
adjusted) were up slightly less than 4%. According to the The Bank of
England, the increase in total net lending to individuals in June was
below the increase in May and the previous six-month average. The
twelve-month growth rate slowed further, to 7.4%, and the three-month
annualised growth rate fell by 1.1 percentage points to 4.5%. Within the
total, the increase in net lending secured on dwellings (GBP 3.1
billion) was below the increase in May and the previous six-month
average. The twelve-month growth rate slowed further, to 7.5%. The
three-month annualised growth rate fell by 1.2 percentage points to
4.3%. The increase in net consumer credit in June (GBP 0.9 billion) was
below that in May and the previous six-month average. Net other loans
and advances increased by GBP 0.4 billion, also lower than the May
increase. The annual growth rate of consumer credit slowed by 0.2
percentage points to 6.8%; the three-month annualised growth rate fell
by 0.6 percentage points to 5.7%.

NOTE: Chart does not include about GBP10 billion from specialist lenders, retailers, and insurance companies. SOURCE: Bank of England

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Metavante and Natl Payment Intro CustomPay

Metavante and auto loan acceleration provider National Payment Network
are now offering National Payment Network’s “CustomPay”.
“CustomPay” is designed to help borrowers customize the timing of
auto loan payments, accelerate loan payoffs and help build equity
faster, deploys a dynamic financial engine composed of multiple
Metavante payment components. Through its use of Metavante prepaid,
ACH and online bill payment solutions, “CustomPay” differentiates itself
from other loan acceleration programs and delivers added value for
dealers, distribution partners and consumers. The model for many loan
acceleration programs includes trust accounts, which are typically owned
by the administrator and co-mingle consumer funds. Metavante ACH, online
bill payment solutions and prepaid debit accounts are unique to
each individual customer which enables consumer funds to be held
individually as opposed to co-mingled.

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Echopass Contact Center Powers AccountNow

Hosted contact center service provider Echopass’ “Contact Center
On-Demand” solution has been deployed by AccountNow geared to the
underbanked customer. To ensure its customers receive the best possible
service, AccountNow answer hundreds of thousands of
calls per week. Approximately 90% of calls are resolved through
Echopass’ interactive voice response, which provides customer
self-service for inquiries such as account balance, recent transactions,
and pending deposits. For customers that need to speak with a live
person, the Echopass skills-based routing ensures that those customers
are automatically routed to the most appropriate agent. With the
Echopass solution in place, AccountNow answers most customer
questions on the first call and answers those questions more quickly,
thereby reducing the overall time customers spend on the phone with
agents. Collectively, this enhances AccountNow’s customer service while
reducing costs through higher call center and agent efficiency.

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BASE24-EPS1 V8.2

ACI Worldwide has launched a new version of its “BASE24-eps1 Version
08.2” software for online payments processing. The new software offers
standard support for IBM’s “blue stack” database, middleware, enhanced
security capabilities and flexible infrastructure to easily accommodate
future updates and compliance regulations on the IBM System “z”
platform. The ACI solution provides mainframe capabilities to front-end
systems, virtualisation, security and scalability to maintain the
software as customers respond to evolving market requirements. “Version
08.2” interfaces namely expand connectivity to regional networks
worldwide such as France, Spain, United Arab Emirates and Indonesia.

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ZERO TOUCH

DnB NOR has implemented a new security strategy with Entrust and its
“zero-touch” fraud detection component to prevent fraud and protect the
identities of its online customers. DnB NOR will leverage the real-time
fraud detection and historical analysis capabilities of Entrust from the
Entrust “Open Fraud Intelligence Network” (OFIN) to protect consumer
online transactions from fraud and enable organizations to collect data
to help identify current and future potential fraud attacks in
real-time. DnB NOR has total assets of more than $308 billion, serves
more than 2.5 million customers worldwide and will leverage the Entrust
solution for more than 1.7 million private, corporate- and
consumer-banking online users. Entrust secures digital identities and
information for more than 1,700 organizations in 60 countries around the
world.

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Thanks Again and RocketBux Team

Reward network Thanks Again and OR-based mobile advertiser RocketBux
have announced a partnership to enable Thanks Again
registered consumers and participating merchants to interact via mobile
messaging. The partnership will allow consumers to enroll in the
Thanks Again Rewarding Merchant Program via mobile phone and receive
scannable, barcoded coupons triggered by card transaction data. Thanks
Again will be providing their participating merchant and reward partners
the ability to communicate to the consumer base via opt-in mobile
messaging.

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American Express Takes a Stake in Concur

American Express has bought into a 13% strategic investment of Concur
Technologies on-demand T&E expense management services for $251 million
in cash to contribute support of both companies’ long-term growth
objectives. With this development AmEx now controls 6.4 million shares
of newly issued common stock, affording its common equity voting
interest in Concur, and has the right to purchase an additional 1.28
million shares at any time during the next two years. These agreements
stipulate Concur exclusively promotes American Express’s Corporate Cards
to its clients while American Express’s Global Commercial Card business
sees this as part of its strategy to expand services in automating
purchasing/payment and will exclusively promote Concur Expense, which
streamlines T&E expense management to its more than 7,000 clients.

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XINHUA EZIDAT

Xinhua Finance eziData China Consumer Confidence Index has been updated
to show the China consumer confidence index went down 3.1 points from
the month prior to 92 in July, a 4.8 drop since January 2008, while
consumers’ sentiment on general prices improved for the third
consecutive month to 72.2. Additional findings show the July consumer
sentiment on current conditions in China was 90.9, down 6.3 points
since January, consumer sentiment for the month on future expectations
in China was down 3.9 points since January to 92.6 and China consumers’
sentiment on current general prices
in July improved 0.7 point to 72.2. Meanwhile, The US consumer
confidence index also declined since January by 17.2 points, mostly due
to the subprime mortgage crisis, but rebounded in July to 61.2.

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WIRECARD & TURKISH AIRLINES

Wirecard AG has signed processing agreements with Turkish Airlines, a
member of the Star Alliance since April 2008 to provide the airline with
electronic payment and risk management solutions. Wirecard’s
individually tailored, industry-specific payment and risk management
solutions, which includes BSP in the airline sector and fraud protection
solutions for Internet commerce, provide nearly 9,000 business customers
credit card acceptance agreements, banking services and prepaid card
products. Turkish Airlines has a fleet of 102 aircraft serving nearly 20
million passengers on an annual basis.

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Sapp Bros Travel Deploys Postilion

Payment solution provider Postilion announced that Sapp Bros
Travel Centers will deploy Postilion solutions to
centralize fleet card authorization and transaction capture.
Postilion will help streamline Sapp’s authorization
and transaction capture and to integrate payment for fuel at the pump
with traditional retail payments in its stores to process all
transactions via a central, open-systems payment
switch, and provide stand-in authorization.

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Wright Express 2Q/08 Revenues Leap 29%

ME-based fleet card specialist Wright Express reported total revenue
for the second quarter of $111.2 million, a 29% increase over the year
ago period. However, a net loss on a GAAP basis for the second quarter
was $24.4 million, compared with net income of $16.4
million for the comparable quarter last year. The Company reported that
total MasterCard purchase volume grew 34% to $622.8 million. Total fuel
transactions processed increased 16% from the second quarter of 2007 to
72.9 million. Payment processing transactions increased 5% to 55.9
million, and transaction processing transactions increased 72% to 17.0
million. Average expenditure per payment processing transaction
increased 31% to $78.72 from $60.10 for the same period last year. The
Company projected third quarter revenue in the range of $108 million
to $113 million. For complete details on Wright Express’ second quarter
performance visit CardData ([www.carddata.com](http://www.carddata.com)).

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EUROPE ONLINE

Offering analysis on developments in European online consumer payment
behavior, non-payment risks and trends in important e-commerce industry
sectors, Pago has released the seventh edition of its report entitled
“Trends in E-commerce Purchasing and Payment Behaviour based on real
Transactions” to highlight national differences in consumer and payment
behavior in European e-commerce. Based on a sample of 30 million
purchase transactions processed between October 2006 and September 2007
through the Pago platform, the report demonstrates only 45% of customers
in UK shops are from the UK, in stark contrast to the 95% German
e-commerce website clientele and less than 5% of online purchases conducted by international consumers
and 0.8% of purchases are conducted by consumers outside of Europe. This is
due in large part to English being the most widespread language in the
world and, with over 340 million native speakers alone, understood by a
majority of e-commerce consumers.

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