Elavon Renews Regency Hotel Pact

Payment processor Elavon has renewed its agreement to provide acquiring
services and payment solutions with Regency Hotel Management and
Affiliates American enterprise, which includes more than 50 owned and
managed
properties in 9 states including Hilton, Radisson, Choice, Best Western
and ClubHouse. Elavon’s payment processing solutions for the
hospitality market consolidate the payments process across an enterprise
– whether from multiple point-of-sale locations within a single property
or across a global footprint. From gateway services and VARs to
reporting tools that slash chargebacks to half the industry average,
Elavon’s end-to-end network addresses the unique needs of hospitality
and travel and entertainment clients. Elavon’s Global Acquiring
Solutions organization is a part of U.S. Bancorp. Elavon provides
end-to-end payment processing services to more than one million merchants.

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RapidAdvance and Humboldt Partner

RapidAdvance has partnered with Humboldt Merchant Services to offer
small business merchants a cash advance solution for working capital
needed to expand their businesses. The cash advance solution allows
repayment from the borrowing business at an agreed upon percentage of
its future credit card receivables which is automatically transferred to
RapidAdvance until the contract obligation has been satisfied. The
program provides unsecured loans, for which 80% of applicants are
approved, and is designed to allow businesses the funds needed to
purchase such necessities as new inventory, new POS systems, seasonal
opportunities or reduce other financial obligations. MD-based
RapidAdvance provides businesses quick funding to merchants while
Humboldt Merchant Services provides businesses credit card processing to
organizations throughout the U.S.

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PAY 88 & QIANBAO

Pay88 has invested one million Yuan in Ziya technology company, located
in Hangzhou, China, allowing Qianbao Company access to Ziya’s online
sales technology. With this development, the organizations will develop
a state-of-the-art, online gaming transaction platform for Qianbao
marketing of its online prepaid game card across China. Ziya Co. has
received awards from businesses throughout China for its advanced and
consumer friendly technology and for having helped companies grow in
their respective industries. Pay88 reseller of online multiplayer game
time in China plans to continue to develop new internet distribution web
sites to increase its overall product line during the next 12 months.

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Economic Confidence Rebounds for Small Biz

Economic confidence among small business owners rebounded in July as cash flow issues diminished. In fact, 33% say they have experienced cash flow issues over the last 90 days, a significant decrease from 42% in June. According to the Discover “Small Business Watch” monthly survey, 17% of small business owners think the U.S. economy is getting better, an increase from nine percent in June; 28% of owners say that economic conditions for their business are getting better, an increase from 23% in June; and 17% rated the economy as good or excellent, an increase from 12% in June. Approximately four-in-ten small business owners say that the nationwide downturn in the housing market has had a negative impact on their business, while 47% say it has not negatively affected them.The Discover “Small Business Watch” jumped in July to 84.6, up 12.8 points from 71.8 in June.

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OBERTHUR 2Q/08

Visa has installed 55 blue and white porcelain tourist information kiosks throughout Beijing to provide multilingual
information services to cardholders and international visitors traveling
to China for the “Beijing 2008 Olympic Games.” The kiosks are found at
the Beijing Capital International Airport, Olympic venues and key
tourist and shopping areas and coordinate with Olympic-themed Visa ATMs found in the City. Upon arrival at BCIA’s newly-constructed Terminal 3, a Visa kiosk will greet international visitors with information related to Olympic events and venues, tourist attractions and Beijing’s public transportation facilities during the Games. In addition to the kiosk found at Terminal 3, Visa has installed kiosks throughout BCIA offering information about on-site emergency services should they lose their Visa card or need medical assistance. Visa also created the “Visa
Olympic Games Passport,” an easy-reference travel guide. The passport
includes tips and recommendations to help cardholders get the most out
of their journey to Beijing.

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Online Resources Inks Three Major Deals

Three undisclosed U.S. card issuers have signed multi-year agreements
with Online Resources for the deployment of the organization’s web-based
collections services. The card issuers will implement Online Resources’
“Virtual Collection Agent” for domestic credit card portfolios,
providing account holders a private way to resolve delinquency and 24×7
online customer service collection to offer flexibility, payment
processing capabilities, and consumer analytics with payment plan
offers. Given this, the “Virtual Collection Agent” has reduced credit
card charge-offs by over 10% while these new agreements represent the
addition of the three newly signed companies to eight other top U.S. 20
card issuers. Online resources serves over 10 million end-users and
processes $100 billion in bill payments annually.

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RAHAXI MANAGED NETWORK

Rahaxi Processing has signed agreements with Natixis Paiements as the
processor of choice for transactions of the more than 1.5 billion China
Unionpay (CUP) cards currently in circulation. Specifically, Natixis
Paiements has deployed the “Rahaxi Managed Network” option to allow
merchants an automated secure key exchange protocol for message, PIN
encryption and an on-line real-time local connection point for Acquiring
Banks onto the China Unionpay network. Reflecting the significance of
this development, there were nearly 700 thousand Chinese visitors to
France in 2007 alone. Natixis has operations in 68 countries through
more than 120 branches worldwide to generate a net banking income of
EUR7,322,000 and a net income of EUR 2,158,000.

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NWA Adds PayPal’s Pay Later Option

Northwest Airlines has added PayPal’s “Pay Later” feature, allowing
passengers to book flights and defer payment for 90 days. When tickets
are purchased on nwa.com, the Paypal “Pay Later” application can be
completed in 30 seconds, instantly provides qualified consumers access
to credit, allows travelers to complete payments on a timeline that fits
their budgets and is even available to those who don’t have PayPal
accounts. Paypal is an eBay company, provides over 63 million active
accounts in 190 markets and 19 currencies while Northwest Airlines
operates approximately 2,400 daily departures to over 1,000 cities in
more than 160 countries and has been offering PayPal payment options
since June 2007.

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Revolution Releases an AOL Plug-In

FL-based Revolution Money has announced the availability of its
“MoneyExchange” plug-in for AOL’s AIM instant message service to send
and receive money. AIM users with “MoneyExchange” accounts can now send
and request money through the AIM Buddy List feature for free.
MoneyExchange accounts are issued by First Bank & Trust, Brookings, S.D.
and part of the Fishback Financial Corporation. Revolution Money was
created to deliver significant value to both
consumers and merchants through two products, “RevolutionCard” and
“Revolution MoneyExchange”. The RevolutionCard eliminates costly
interchange fees for merchants while simultaneously providing consumers
with enhanced PIN- based security, identity protection and numerous
merchant discounts and incentives.

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ANZ STADIUM VISA PAYWAVE

ANZ has signed a five-year processing agreement with Yalamanchili
International for the provision of prepaid services in the Asia Pacific
region, the first of which is the “ANZ Stadium Visa payWave card.” The
contactless prepaid card is reloadable and will be launched at ANZ
Stadium in Sydney for the Bledisloe Cup on 26 July, 2008, the first of
many prepaid programs to be launched by ANZ on the Yalamanchili prepaid
processing platform.

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PAYPAL EXEC

Darrell MacMullin has been promoted to Canadian Country Manager with
PayPal responsible for the organization’s operations throughout the
country. His responsibilities will include marketing, communications,
finance, product management, business analytics, and customers support
throughout the country. This succeeds MacMullin’s role as the head of
merchant services, to which he was appointed in 2007, the position as
the director of marketing with the company, to which he was appointed in
2001, and his role as director of marketing with Chapters Online. He
also has a bachelor’s degree in Commerce and Communications from Ryerson
University. PayPal is owned by eBay and has over 63 million active
accounts in 190 markets around the world.

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