CAP ONE & COAST TO COAST

As a means of raising money to support families fighting childhood
cancer, Capital One is sponsoring Canadian bands who will be performing
for Coast to Coast Against Cancer Foundation’s free concert. The Cancer
Foundation’s concert is to take place at the Eaton Centre/Trinity Square
in downtown Toronto from 12:30 p.m. – 3:30 p.m. on June 13. As part of
the Sears “National Kids Cancer Ride,” the charity event is projected to
raise $1.5 million in support of children with cancer and their
families. Capital One Canada has provided consumers a range of
competitive MasterCard credit cards since 1996, initially with its
“Platinum” MasterCard.

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M….MASTERCARD

GE Money Bank and Switzerland’s Migros Photo Card ad campaigns are now
focused around the European football tournament, “Euro 2008,” and an
online card design competition to promote the organization’s
“M…MasterCard ‘MyDesign'” customized photo cards, which are powered by
the Serverside Group. Originally launched in November 2007, the
“M-€¦MasterCard” card is now available in the original, distinctive
“M-Budget MasterCard”, the “M-€¦MasterCard Standard card” in black and
white and the “M-€¦MasterCard MyDesign card” photo card- available for a
one time fee of EUR12. The “MyDesign” ad campaign will run a spot during
the ‘KickOff’ TV show time slot and will promote a card design
competition powered by Serverside, which will award such prizes as a
trip to Vienna. Serverside provides more than 74 issuers in 21 countries
with its card customization technology for over 350 card programs while
GE serves customers in over 100 countries and employs more than 300,000
people worldwide, 1300 of whom reside in Switzerland.

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ONTARIO BALANCES PAYDAYS

Broker of small-sum, short-term consumer loans, Cash Store Financial has
announced its support for Ontario’s balanced regulation of the payday
advance industry and has stopped providing rollovers on payday loans.
This demonstrates the company’s perspective that rate-setting should be
market-based to ensure operators can compete for market share.
Headquartered in Edmonton, Alberta, Cash Store Financial employs over
1,500 at its more than 380 branches across Canada.

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Hypercom Certifies TenderCard Apps on Optimum

TenderCard has Class A certified its gift and loyalty applications on Hypercom Corporation’s “Optimum T4200” platform, allowing its gift card resellers, and the merchants they serve, access to the PCI PED approved, 32-bit multi-application, high security card payment platform. The “T4200” platform provides significant security and memory, has received MasterCard Worldwide Payment Terminal Security approval for IP and wireless transactions and incorporates such security features as optional privacy shields, “Triple DES DUKPT” encryption and “HyperSafe32” RSA-based security infrastructure. Moreover, the “T4200” multi-application terminals provide consistent physical design across the suite and have a 19-key keypad layout using either dial only or Ethernet/SSL/dial backup connectivity.

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VOLKSBANKEN MASTERCARD

DG VERKAG publishing has introduced its “Volksbanken Raiffeisenbanken”
MasterCard, available in all its branches. The new Mastercard provides
cardholders with the ability to collect points, which can then be used
to redeemed for a range of rewards and to participate in drawings,
games, etc., while the card itself is designed with several lucent
coatings for 3-D images of an adidas EUROPASS tournament football and 4
Active Fever emblems. The card was manufactured by Giesecke & Devrient,
which employs close to 9,000 and generated a 2007 annual revenue of over
EUR1.5 billion.

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Chase Rolls-Out Exclusives for Banking

As a means of encouraging checking account customers to expand their banking, and providing incentive to do so, Chase has introduced its “Exclusives” comprehensive program. Incentives provided through the “Exclusives” program include better rates, increased rewards and bigger discounts on many of the products provided through the more than 3,100 Chase branches. Specifically, Chase provides 0.125-0.25% discounts on mortgages, 0.25-0.50% discounts on equity loan/line interest rates, 0.25 or 0.50% discounts on auto loan rates, a free debit card rewards program and triple rewards for purchases in five spending categories of the consumers’ choice with the new consumer program. Chase has issued over 154 million credit cards, operates 9,100 ATMs and 280 mortgage offices.

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Citi Deploys Ariba to Enhance Payment Solutions

Citi’s Global Transaction Services Unit has deployed Ariba Technology’s “Invoice and Payment Solutions” on its electronic payment network for the delivery of its supplier finance products/services to clients. This development allows Citi to provide end-to-end payment solutions with enhanced invoice and payment solutions to its clients worldwide using private label spend management solution, the first financial services company to do so. Collectively, this allows users to reduce invoice processing cost and cycle time, perform electronic settlement via ACH and purchasing cards, transition suppliers from paper to electronic payments, to access working capital efficiencies through Ariba’s dynamic discount solutions and increase visibility into A/P spend through enhanced analytics reporting. Citi provides financial services to nearly 200 million customers in over 100 countries while the Ariba Supplier Network has over 160,000 registered suppliers in 115 countries engaging in transactions worth over $100 billion per annum.

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RAPID ADVANCE & MCE

RapidAdvance has purchased Merchant Cash Express payment card
factoring as its subsidiary, the latter providing the former a platform
from which to embark on the UK market. This comes on the heels of
RapidAdvance’s Canadian market entry, expansion to which the
organization credits its reputable and fair business practices with its
customers. These customers are composed mostly of merchants looking for
business financing to support their growth, purchase new inventory,
leverage seasonal opportunities or reduce other financial obligations.
Merchant Cash Express Limited has for over 50 years provided an
alternative funding to merchants for growth capital not available
through conventional sources.

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First Data Promotes Wall to the CFO Position

First Data has announced the promotion of Phil Wall from SVP of finance, where he has served since 2002, to CFO. Wall oversaw acquisitions and alliances across 37 countries over the past six years. Succeeding Kim Patmore, who has filled the role since 2000, Wall and FDC are expecting a smooth transition, given his knowledge and experience in the industry, particularly within the organization itself. Phil’s additional experience includes his financial management roles with Equifax and with Schlumberger, combined with his advanced education, which includes a mechanical engineering degree from Imperial College and an MBA from Oxford, Brookes University. First Data processes transaction data and has operations in 37 countries, serving over 5.4 million merchant locations and more than 2,000 card issuers’ customers.

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Fair Isaac Inks a Strategic Deal with Equifax

Equifax and Fair Isaac have inked a deal to develop and sell advanced analytics and scoring solutions for businesses and consumers. Under the agreement, the two companies will jointly market and sell new “FICO” analytic products. The companies also agreed to work together to accelerate testing and roll-out of the “FICO 08” model for Equifax customers. Separately, Fair Isaac has agreed to dismiss Equifax as a defendant in its lawsuit against VantageScore and the three national credit reporting companies. Equifax and Fair Isaac have a long history of providing products that combine the Equifax credit report with the “FICO Score,” including the delivery of “ScorePower” and “ScoreWatch” through Equifax’s Personal Information Solutions business at Equifax.com, as well as through Fair Isaac’s myFICO.com web site.

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Prepaid Resources Expands its CONNECTIONS Council

Prepaid Resources resource provider for the prepaid debit card industry has compiled a team of payment experts to form its “CONNECTIONS” advisory council. These experts are to provide product guidance on law, risk, compliance, bill payment, merchant services, mobile payments, ACH, Check 21 processing, loyalty and rewards, and anti-money laundering (AML) for Program Development, Creative design, Technical Design and Cardholder Marketing. Collectively, these initiatives will provide strategic guidance for prepaid solution engineering, planning custom card program design projects and development.

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NetSpend Expands it Prepaid Management Team

Prepaid solution provider NetSpend has promoted James DeVoflaer to SVP of IT, Paige Ellis to VP of HR , Lisa Henken joins the senior management team as VP of partner services and Todd Ginsberg, previously a senior software developer, moves into a new position as application architect senior software developer for the company’s eBusiness unit. NetSpend’s proprietary processing platform allows it to support prepaid card programs end-to-end from customer acquisition and card fulfillment to customer service and risk management. The NetSpend Prepaid Card Network includes leading consumer brands and companies serving the un- banked and under-banked markets, and its strategic relationships include card issuers, EFT networks and payment card associations.

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