JUNIPER NFC

Forecasts concerning NFC mobile payments project the gross transaction
value of payments made using the contactless technology will exceed
$75billion globally by 2013, according to Juniper Research. The
organization also found global annual gross transaction value will grow
over 5 times between 2011 and 2013, concluded 2009 will see limited
numbers of NFC devices shipped, 20% of cell phones will have NFC
capability by 2013 and the combination of the Far East, North America
and W. Europe markets will represent nearly 90% of the $75billion p.a.
market. The research analyzed six year regional forecasts of NFC mobile
payments using data on device shipments, subscriber take-up, transaction
sizes and case studies within the markets while Juniper Research
provides research and analytical services to the global hi-tech
communications sector.

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HealthTransaction Network Picks Hypercom

Hypercom’s “HBNet” transaction transport service and its “Optimum T4220”
card payment terminals have been selected by NY-based healthcare
service HealthTransaction Network. HealthTransaction Network connects
providers and consumers via HBNet’s electronic transaction transport
service that quickly, securely and efficiently processes transactions
between the parties. The Network uses a shared processing
infrastructure, stored value cards and Hypercom’s “Optimum T4220
Ethernet and Dial” back-up card payment terminals.

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MAY DEBT

Credit card debt continued its rebound in May, hitting a record A$44.2 billion, after stagnating for most of this year. Credit card volume also gained momentum again in May increasing to A$18.3 billion. Year-on-year credit card debt has increased 10%, compared to May 2007, while card volume is up 6% year-on-year. However, credit card volume has been slowing over the past year due to merchant surcharges imposed on consumer card transactions. Last month credit card volume was up 16% year-on-year. Credit card limits reached a new high at A$118.8 billion, marking the 21st consecutive month of A$100+ billion. According to the Reserve Bank of Australia there are currently 14.2 million credit card and charge card accounts in Australia, compared to 13.5 million one-year ago.

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CPI Card Group Names Two Sales Managers

CO-based CPI Card Group has hired two new sales representatives. Ed Prisby, Southeast Regional Sales Manager – Commercial Cards and Services, comes to CPI with a 15-year track record with several Fortune 500 corporations. Mark Costello, Western Regional Sales Manager – Commercial Cards and Services, comes to CPI Card Group with thirteen years’ experience selling printed labels and packaging in the California area. CPI offers a single source for plastic cards from foil cards and holograms, to translucent and smart cards.

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AmEx Gold Card and Starwood Offer a Bonus Credit

American Express and Starwood Hotels announced they will
provide a $75 food and beverage credit whenever “AmEx Gold Card” members
book a stay of two or more consecutive nights at over 500 properties
around the world across four Starwood brands. Other “AmEx Gold Card”
benefits include: access to amenities valued at $100-$150 on virtually
any trip from select “AmEx Gold Tour” and “Gold Cruise” partners; $100
credit towards lift tickets on qualifying vacations from Ski.com; a $100
AmEx gift check with any qualifying Smithsonian Journeys Southern
Arizona Focus on Astronomy tour, a two nights’ stay at Caesars Palace in
Las Vegas and two tickets to see Cher perform live in concert.

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CKE Restaurants Selects FSV’s ePayroll

FSV Payment Systems paperless payroll solutions has deployed its
“ePayroll” program at CKE Restaurants, which include Hardee’s and Carl’s
Jr. restaurant chains. This provides 90% of the employees with either
the benefits of electronic deposit for those with bank accounts or
MetaBank’s “PaychekPLUS” payroll cards for those without accounts, a
reduction in paper checks for subsequent cost reduction and decreased
environmental footprint. Prior to this, CKE issued 86% of employees
paper checks, only 14% direct deposit for payroll and now has the
resources to reduce over 1 million paper checks issued per year thanks
to the FSV Payment Systems paperless payroll Solution. With this, the
organization can save 28,000 pounds of paper, stop over 267,000 gallons
of wastewater, save over 10,000 gallons of gasoline and preserve nearly
70,000 trees to stop the emission of nearly a half million pounds of
greenhouse gases.

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PayPal’s Q2 Payment Transactions Plateau

eBay reported that PayPal posted $602 million in net revenue, an
increase of 33% year-over-year. Net total payment volume for the quarter
was nearly $15 billion, an increase of 35% year-over-year. Global active
registered accounts increased to 62.6 million, representing 19%
year-over-year growth. At the end of the quarter PayPal had 62.6 million
active accounts, a 17% increase from one-year ago. During the second
quarter, PayPal handled 211.0 million payments, a slight 2% decrease
over the prior quarter, and up 26% from 2Q/07. PayPal’s 2Q/08
transaction revenue rate increased to 3.90% from 3.87% in the prior
quarter and 3.89% in the prior year quarter. The processing expense rate
for the second quarter was 1.18%, compared to 1.21% from the prior
quarter. PayPal’s transaction loss rate came in at 31 basis points, up 4
basis points from 1Q/08. During the second quarter PayPal signed
merchant services deals with Delta Airlines, Blockbuster.com, UK-based
Arcadia Group and William Hill. For complete details on eBay/PayPal’s
second quarter performance, visit CardData [www.carddata.com](http://www.carddata.com).

PAYPAL HISTORICAL
$VOLUME #ACCOUNTS
2Q/07: $11.1 billion 52.8 million
3Q/07: $11.6 billion 54.8 million
4Q/07: $14.0 billion 57.3 million
1Q/08: $14.4 billion 60.2 million
2Q/08: $14.9 billion 62.6 million

SOURCE: CardData ([www.carddata.com][1])

[1]: http://www.carddata.com

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Breach Security Unveils WebDefend 3.4

Web application security vendor Breach Security has released “WebDefend
3.4” to enable businesses to comply with PCI-DSS. The
new version secures magnetic stripe
data,cardholder verification numbers and personal identification numbers
by allowing administrators to mask full magnetic stripe data,
preventing it from being stored or displayed anywhere within the WebDefend
software, including in audit logs and within the management console.

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New Software Detects Padded Credit Scores

CA-based Cogent Road has released a new feature on its “Funding Suite” to detect “piggybacking” within a possibly padded credit score.
The solution examines credit reports to detect the probability that a
borrower’s credit score is being artificially manipulated based on a
different individual’s payment history. Using a complex series of
comparative algorithms, this detection tool analyzes the borrower’s
credit profile as a whole to detect whether or not authorized user
tradelines are consistent with his or her historical payment pattern.
This tool can also differentiate the bona fide authorized user relations
that occur in joint credit applications, however it does identify if the
spouse’s credit score is influenced by authorized user accounts.

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Affinion’s Card Patrol Inks 100+ Clients

ID theft protection provider Affinion Security Center reports that over
100 US financial institutions have implemented its “Card Patrol”
monitoring product. “Card Patrol” provides an institution’s account
holders with real-time monitoring of the chat rooms where thieves buy
and sell debit and credit card numbers to help prevent fraudulent
charges before they occur. Account holders can register up to 10 cards
and receive an instant e-notification of suspicious activity associated
with any of their registered credit or debit card numbers.
Additionally, consumers are also notified when other personal
information appears on-line, including social security number, mother’s
maiden name, and card PIN numbers.

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Only 8% Are Confident About Their Personal Data

According to a national survey commissioned by CA, a mere 8% of
Americans are ‘Very Confident’ their personal data is safe with
retailers, banks and governments thanks to a reputation for recent
security breaches over recent years, and subsequent loss of confidence,
according to 79% of the American consumers surveyed. Additional findings
of the survey, when compared to a previous survey from 2006, show the
number of computer virus attacks are down nearly 11%, internal security
breaches have increased from 42% to 44%, internal breaches increased
from 15% to 44% and the number of organizations to deploy access
management solutions over the next year increased from 49% in 2006 to
60% in 2008. Furthermore, among consumers, 72% feel retailers don’t do
enough to protect on online privacy, 68% feel government should spend
more on internet security and 58% think major banks should spend more on
consumer information while an average of 32% of U.S.
security executives feel the same about the organizations they represent.

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G&D and KKH

Giesecke & Devrient (G&D) has been awarded the contract from
Kaufmannische Krankenkasse (KKH) and 28 corporate health insurance funds
to manufacture and supply nearly ten million electronic healthcare
cards, providing optical and electronic personalization. Scheduled for
deployment in January 2009, the electronic health insurance card will
store the policyholder’s basic data, details of insurance coverage and
status regarding supplementary charges. Additional features of the card
include electronic prescription information and a “PIN Home Package”
from the KKH. Giesecke & Devrient maintains subsidiaries and joint
ventures around the world, generated revenue of almost EUR1.5 billion in
2007 and is to supply a background system to control 70% of all health
insurance cards in Germany while Kaufmannische Krankenkasse is Germany’s
fourth-largest nationwide health insurance fund with about two million
members.

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