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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EMUE & VISA

Visa and EMUE Technologies have launched the “PIN Card” pilot to
focus on combating CNP fraud. In doing so, the new solution implements
fraud prevention techniques through a conventional credit or debit card
product using credit chip technology in generating one-time-only codes
displayed on an integrated eight-digit alpha-numeric screen. This
ensures a secure solution to authenticate online transactions without
the need for a separate device, allowing cardholders to validate
transactions with the input of the standard PIN and then the
one-time-only code.

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CONTACTLESS IGNORANCE

Despite having cost millions in development and marketing, contactless
payment solutions are not being met with warm reception by the majority
of consumers. According to the latest market research report
conducted by Auriemma Consulting Group, consumers need
additional encouragement to acquire a new card with only 3% of the
population being familiar with contactless technology and 23% of
consumers not showing comfort with contactless cards due to the risk of
identity theft. Additional findings show consumers were 7 times more
likely to want a contactless card after having read the product
description while 63% of consumers more likely to use it because of its
“cool new technology” and 67% more likely to use it because of its “ease
of use.” These findings were compiled by ACG Research through data
generated from a survey of 508 credit card users in 1Q/08.

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TransCard Names a New CTO

Prepaid card solution provider TransCard has hired David Samples, previously with Instruction Management, as its new CTO. He will manage the strategic technology focus of the company, while specifically working to enhance customer experience. Samples was COO of Instruction Management, a full-service physical education and martial arts training company. He also served as Director of Systems Architecture at U.S. Xpress Enterprises where he was responsible for the creation and management of new technologies deployed to both front- and back-end applications, including implementing several third-party optimization systems, which reduced fuel costs and overall unpaid mileage. Samples has a BS in Business Administration and Management Information Systems from Tennessee Technological University. TransCard offers electronic funds-transfer services, including direct-to-card payroll technology; electronic fuel and transaction processing; and healthcare and gift card products and services and processes nearly $1.2 billion dollars in electronic transactions per year.

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AUB PLATINUM CARD

Ahli United Bank has launched two “Platinum” credit cards taregeted at the Bank’s “Premium” and “Private” banking customers.
The new top-end VISA and MasterCard offer access to over 500 VIP lounges worldwide and a complimentary travel concierge service. As an introductory offer, AUB is giving free business class return
tickets to anywhere in the GCC to the first 100 cardholders who receive
the new card. “AUB Platinum” cardholders will pay an interest rate of 1% on all purchases made in the first 3 months. Customers who transfer their outstanding balances from other credit cards onto the new cards will have to pay no interest on the amount transferred for 60 days.
The card will also provide “Premium” customers with priority service at AUB Seef and Manama branches.

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Wells Fargo Card Charge-Offs Near 7%

Wells Fargo reported that credit card charge-offs on average balances jumped to 6.95% in the second quarter, compared to 5.89% in the first quarter. However, EOP credit card loans increased about 25% year-on-year to $19.429 billion, compared to $18.677 billion in the prior quarter and $15.567 billion for 2Q/07. However, the yield on average credit card balances dipped to 11.81% in 2Q/08 from 14.46% one-year ago. Wells also reported that online banking had 10.6 million active online consumers during the second quarter, up 14% from the prior year, and that 67% of all consumer checking accounts are now online. Additionally, there were 5.2 million online money movement customers, up 17% from the prior year, and 1.1 million active online small business customers, up 20% from 2Q/07. For complete details on Wells Fargo’s latest performance visit CardData ([www.carddata.com][1]).

WELLS FARGO CARD LOANS
2Q/07: $15.6 billion
3Q/08: $17.1 billion
4Q/08: $18.8 billion
1Q/08: $18.7 billion
2Q/08: $19.4 billion
Source: CardData (www.carddata.com)

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

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XIRING 1H/08

XIRING remote transaction security solutions has announced +58% revenue
growth for 1H/08, having posted a turnover of EUR12.9 million, and has
confirmed its annual turnover forecast of EUR28.5 million, a 20%
increase. Furthermore, 2Q/08 turnover was up 42% Y/Y at EUR7.5 million
thanks in part to the sale of Xi-Sign authentication solutions for
e-banking and e-commerce for EUR 6 million, a 107% increase compared to
1H/07, and the performance of SESAM-Vitale professional healthcare
solutions having generated revenue of EUR5.7 million for 1H/08, a 46%
increase from the same period of the year prior. XIRING develops
security software embedded in smart card readers for strong
authentication and digital signature for 5 million users through remote
card authentication solutions for a 2007 revenue of EUR 23.8 million.

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MasterCard Worldwide Names a Chief HRO

MasterCard has named Stephanie Voquer as Chief Human Resources Officer. Voquer was Group Head of Human Resources for MasterCard Europe, based in Brussels, where she was responsible for talent management and acquisition throughout Europe. A native of Canada, Voquer is a Bachelor of Arts Honors Graduate, summa cum laude, of McMaster University. She completed additional studies at the University of Caen in France, the University of Valencia in Spain, the International Business Management Institute in affiliation with American Graduate School of International Management, and the IBM International Personnel Institute, in collaboration with Georgetown University.

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PARX FRANCE

On Track Innovations has acquired 100% of the share capital
of ID Parking electronic parking solutions for an aggregate purchase
price of EUR750,000 in accordance with OTI’s strategy of focusing on
generating high-margin, recurring revenues. Moreover, the acquisition is
in accordance with OTI’s global efforts to market its “EasyPark”
in-vehicle electronic parking meter to the French electronic parking
payment market. ID Parking will operate under the name of “PARX France”
for approximately 40 municipalities across the country and was acquired
for a combination of EUR250,000 and EUR500,000 in OTI shares. OTI
designs, develops and markets secure contactless microprocessor-based
smart card technology in a variety of markets.

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