SCNPP & MPS

Focal on reducing PCI: DSS compliance cost, to which the organization is
fully compliant, and replacing the need for organisations to retain
sensitive cardholder data, Logic Group secure transaction management has
introduced its “Secure Card Not Present Payments Service” and its
“Managed Payments Services,” respectively. Having been the first
multi-channel payment service in Europe to gain PCI:DSS certification,
the Logic Group’s “Managed Service” provides businesses with an payment
information storage alternative when achieving PCI:DSS rather than
within in-house databases. In turn, this allows organizations to reduce
operational and compliance costs without having to compromise the
trustworthiness of the payments environment. Meanwhile, the “Secure Card
Not Present Payments Service” accommodates recurring payments and can
integrate easily with consumer-facing online payment pages.

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SMART CARDS

Frost & Sullivan analysis entitled “Strategic Assessment Of The Asia
Pacific Smart Card Markets Outlook” has concluded the Asia Pacific
region is starting to accept new smart card technology. This
demonstrates system integrators are realizing the need for proper
planning/coordination to generate revenue while smart card companies are
looking to establish advantages in countries with untapped potential.
Fast development and implementation of the contactless applications is
credited to most of the countries in the region not having legacy
systems, subsequently leading, however, to issues of standardization and
interoperability across the market. These issues include delays in
project execution. Frost & Sullivan partners with clients to accelerate
their growth through its more than 30 offices across the globe.

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ACI MTS

Following extensive testing on IBM’s System p servers, ACI Money
Transfer System (MTS) has conclusively demonstrated its ready for SEPA
“Direct Debits”. Having been used by many banks globally for years as a
single engine for payments processing and settlement, MTS can
incorporate SEPA messaging formats into one centralized system
processing them as any other payment type and providing comprehensive
monitoring capabilities. The ACI tests spanned a variety of functional
workflows for SEPA “Direct Debits” and related R-transaction processing.
ACI solutions provide electronic payment software to over 800 customer
clients in 88 countries.

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OrbitalPay Combines IPSPs with Accounts

Transaction provider Global Electronic Technology and payment processor EMC2Billing have combined forces to introduce OrbitalPay, specializing in merchant processing. OrbitalPay is a payment solution that combines all the best features of 3rd party payment processors (IPSPs) with the benefits of owning a merchant account. OrbitalPay customers enjoy daily settlements to their bank account, low fee structure, individualized descriptors on customer billing statements, complete ownership and control of the rebilling database and includes full service features like live 24/7 billing support, feature-rich gateway services, comprehensive real time reporting, industry leading scrubbing tools that limit chargebacks, integrated cascading billing and affiliate tools.

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GIVEX AUSTRALIA

The Givex Corporation gift card and loyalty transaction processor has
announced its expansion into the Australian market. Providing gift and
loyalty card programs, Givex intends to expand its Australian market
presence through local retailer partner programs for which the
organization will offer transaction processing power, contstant access
to tracking, support, card marketing, fulfilment services and network
communication methods. Furthermore, the Givex card solution will allow
merchants to use the cards across all aspects of their business and
provides its retention/prepaid technological solutions to partners in
over 35 countries.

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Identity Confidence Index Rises in 2007

A survey commissioned by the Identity Theft Resource Center and shredder manufacturer Fellowes indicates that 65% of respondents feel they are vulnerable to identity theft, up from 57% in 2007. This new research is part of a long-term awareness initiative called “Americans’ Identity Confidence Index,” which gauges how consumer perceptions of identity theft and specific preemptive behaviors change over time. Through the index, Fellowes and the ITRC annually survey respondents on five questions pertaining to vulnerability, and report on overall changes. This year, the index remained consistent with last year’s findings, indicating consumer confidence is still down compared to 2006 when it was first measured. Americans still remain confused about how identity theft occurs. Thirty-five percent believe identity theft occurs through online exchanges, when in reality it only accounts for 12% of the crime. Only 7% of Americans believe their family and friends are responsible for the crime, even though national statistics show that 17% of all identity theft cases involve family and friends. Regarding methods of protection, 70% of women report using tools and solutions to protect themselves from identity theft, compared to just 62% of men. Women are also more likely than men (90% vs. 84%) to keep a closer eye on their bank accounts, and avoid giving out personal information over the phone (79% vs. 70%).

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AURIEMMA EXEC

Auriemma Consulting Group(ACG) has appointed Matt Simester director of
its UK office to oversee European client activity. Catering to the
payments and lending industry, ACG has been increasing international
business with most leading issuers in the United Kingdom. Prior to ACG,
Mr. Simester held senior roles at Barclaycard and Affinion
International. ACG has expanded its practice into additional card-based
and lending vehicles providing a full spectrum of products to US and
international businesses.

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Asta Funding’s Q1 Revenues Inch Up 4% Y/Y

NJ-based collection specialist Asta Funding reported that revenues for the first quarter were up 4% to $33.9 million. The Company reported a net loss for the quarter of $7.7 million, compared to net income of $12.6 million for 1Q/07. Asta says with regard to its large portfolio purchase, consummated a little over a year ago, its actual collections were slower than its original expectations and it incurred a significant impairment of approximately $30.3 million. This is a result of a variety of factors, including the effects of the economic downturn. Net cash collections from collection of consumer receivables acquired for liquidation was $44.9 million for the second quarter, versus $62.2 million in the prior year’s quarter. Net cash collections from collection of consumer receivables acquired for liquidation was $95.0 million for the six months ended March 31st, compared to $104.1 million in the prior year’s period. Net cash collections represented by account sales of consumer receivables acquired for liquidation was $4.9 million or 9.8% of net cash collections in the quarter, compared to 18.3% in the second quarter of fiscal 2007. For complete details on Asta’s latest results visit CardData (www.carddata.com).

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ACCENTURE LAB

Accenture has opened a new facility at its research and development
technology lab, the “Accenture Payments Innovation Showcase,” to host a
workshop for 150 global organizations in Sophia Antipolis, France
dedicated to innovation in global payments. The lab will examine mobile
communications, point-of-sale technology, bank-to-corporate
connectivity, processing, process models, biometrics, regulation and
security to demonstrate how businesses can drive innovation, reduce
costs and improve quality through new technologies. Such technologies
include mobile payments provisioning, Near Field Communications,
biometric identification, POS scenarios, mobile banking and SAP Payment
Engines. Accenture employs 178,000 in 49 countries and generated net
revenues of US$19.70 billion for the fiscal year ended Aug. 31, 2007.

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USA Technologies G7 ePort Takes-Off

Wireless cashless payment processor USA Technologies’ “ePort G7” has been successfully launched, with orders for 8,000 terminals and hardware sales estimated to be $3.5 million. The ePort G7 provides a wireless, cashless transaction solution for vending machines that combines traditional mag-stripe and RF payment capabilities with the ability to accept Gift, Stored Value and Loyalty programs. The G7 operates with MasterCard’s PayPass, American Express’ ExpressPay, Visa’s Contactless, Chase Bank’s Blink, and Discover’s Network Zip Contactless system. The G7 also has the capability to execute remote, ‘over the air’, software updates via the USALive Network, allowing ePort customers to upgrade capabilities and leverage new services within thousands of locations in a rapid, cost effective and efficient manner.

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LASERCARD

Having defined the Middle Eastern region as an area of strategic focus
for the growth of secure ID solutions, LaserCard has received a $2.9
Million order for a Saudi Arabian National optical smart card ID
program, bringing the organization’s program total to $4.7 Million just
for 2Q/08. The Saudi Arabian cards will be continually issued through 40
offices in cities throughout the Kingdom and to which LaserCard has
supplied approximately $16 million of cards, software, hardware and
services since the program inception in 2003. LaserCard provides secure
ID solutions to governments and commercial clients around the world.

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Gift Cards Reach Critical Mass in the U.S.

A new survey has shown that 90% of American adults who responded to an online survey purchased or received a gift card in the previous 12 months and 60% did both. According to a survey commissioned by First Data, birthdays and Christmas are the two most common occasions to give gift cards. Among gift card purchasers who purchased gift cards that can only be used at one retailer, 68% bought at least one gift card as a birthday gift, while 61% bought at least one card as a Christmas gift. The majority of gift card purchasers (88%) bought more than one card. On average, consumers who purchased cards that can be used at a single retailer bought five gift cards in the previous 12 months and spent an average $46 on each card. Gift card recipients spent an average of $29 over the original value of the gift card. Top reasons why respondents purchase gift cards include that the receiver can buy what they want (72%), followed by the convenience of purchasing (43%), flexibility in redeeming a gift card (38%), and in general, not knowing what to buy the receiver (33%).

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