FIS BASE 2000

St George Bank has upgraded its credit card platform to Fidelity
National Information Services’ “Base 2000” software as part of its
initiative to provide service choices to customers. In doing so, St
George joins the list of institution for which FIS provides card
processing in the Pacific Region, including National Australia Bank,
Macquarie Bank, Bank of New Zealand and Krung Thai Card, subsequently
increasing the number of accounts supported by the FIS’ Melbourne office
to over 7 million. St.George retail bank employs over 9,000 associates
while FL-based Fidelity National Information Services provides financial
services to 9,000 financial institutions in more than 80 countries.

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Prepaid Resources Offers PEARLS

NY-based Prepaid Resources prepaid debit resource company has launched its “PEARLS” provider referral listing service available to program sponsors. Charging these sponsors no fee, the “PEARLS” Service provides access to best-suited processors and program managers through its member-only network. Factors determining what the appropriate processors may be are program requirements, provider capabilities and alternative service providers. In providing debit resources, Prepaid Resources offers listing services, industry education and service/program management.

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AIRPLUS 2007

AirPlus International business travel payment solutions has reported a
16% increases in charge volume since 2006 and a subsequent 39% profit
increase to $28.1 million. Overall, transactions processed by AirPlus
were up 81 to 93 million while the number of employees grew from 641 to
720 throughout 2007, serving its 32,000 corporate customers worldwide
with ticket settlement for 260 airlines. These include such major
airlines as Air China, British Airways and Continental Airlines.

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First Annapolis Promotes Three Assc

First Annapolis Consulting has promoted Sarah Phelps, Joel Van Arsdale, and Dave Woynerowski to Principal. Phelps specializes in the Card Issuing practice area and recently assumed a leadership role in establishing the oyalty program support service offering. Van Arsdale specializes in the Merchant Acquiring practice area and recently assumed a leadership role in expanding a presence in Europe. He has advised clients on broad strategic issues in areas such as structuring complex outsourcing partnerships and effectively managing payment-related costs. Woynerowski specializes in the Card Issuing practice area with a strong focus on partnership finance service offering where he advises leading companies on card-based alliances. His clients include the largest card partners in the retail, travel, and manufacturing sectors as well as leading financial institutions and payment networks. First Annapolis also offers a suite of specialized M&A advisory services that complements consulting practice.

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CYBERSOURCE EXPANSION

CA-based CyberSource has announced plans to open a development center in
Belfast, Northern Ireland, which will be fully integrated with the
organization’s 4 existing development centers with a projected
employment of 20 engineers and support staff for its first year.
Providing CyberSource with assistance in establishing this staff and
providing development support with 840,000 pounds Sterling is Invest
Northern Ireland. Invest Northern Ireland is focused on sustaining
value-added, internationally competitive industry across the Northern
Ireland region and will allow CyberSource to accelerate growth without
increases in expected expenses with its investment.

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AirPlus Charge Volume Up 16% in 07

Business travel payment solution provider AirPlus reports profit of $28.1 million in 2007, an increase of 39% from the prior year. Global charge volume rose to $24.8 billion, up 16% from 2006, and is attributed to the continued growth in International markets outside the company’s German home market. Transactions processed by AirPlus rose from 81 to 93 million during the past year, as did the number of employees worldwide; from 641 to 720. As the payment industry’s first integrated and automated carbon offset feature, AirPlus won the Business Travel Show Innovation Award in both London and Düsseldorf last year. Expansion remains a focus, with the recently announced Air China cooperation and newly founded subsidiary, the AirPlus Payment Management Co. Ltd, in Shanghai.

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Jack Henry Q1 Revenues Increase by 11%

MO-based Jack Henry reported first calendar quarter revenue of $187.9 million and 11% increase over the year ago quarter. Net income totaled $26.6 million, a 1% gain over the first quarter of last year. The growth was driven primarily by in-house support and maintenance which is up 13% for the quarter and 15% year to date and electronic payments which is up 28% for the quarter and 32% year-to-date over the prior year periods. EFT/Debit card transaction processing is up 22% year-to-date, on-line bill pay is up 55% and the Company’s merchant remote deposit capture is up 160% over the prior year. For the quarter, the bank systems and services segment revenue increased 10% to $156.6 million. The credit union systems and services segment revenue increased 17% to $94.3 million. For complete details on Jack Henry’s latest performance visit CardData ([www.carddata.com][1]).

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

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Small Biz Buy $400B in Financial Products

A November survey of 303 small businesses, which is a target market for financial institutions, will spend nearly $400 billion on financial products in 2008 and a projected $475 billion in 2010. Roughly 50% of businesses are “extremely satisfied” with customer service levels, online banking and ease of use applications. Aite Group, an independent research firm focal on business, technology and regulatory issues’ impact on financial services, conducted this survey to evaluate where small businesses bank and what factors determine the banking products they currently/plan to use. The findings conclude financial institutions need take more steps to understand banking needs and preferences.

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NCR First Quarter Revenue Jumps 19% Y/Y

NCR reported first quarter revenue of $1.18 billion, a 19% increase over 1Q/07 and net income $49 million compared to loss of $9 million in the year ago quarter. NCR has changed its financial reporting from global business units to reporting on a geographic basis. Revenue growth in the Americas region of 15% was driven primarily by sales growth to financial institutions and retailers. In the Europe-Middle East-Africa region, revenues increased 30% as every major country experienced revenue growth. NCR experienced 7% revenue growth in the Asia-Pacific-Japan region. During the first quarter NCR began the worldwide rollout of its “SelfServ” ATM family; introduced the “FastLane Self-Return” solution; and extended its self-service portfolio into the digital media market with “Xpress Entertainment.” NCR now expects 2008 year-over-year revenue growth of 5% to 7% from continuing operations, up from previously provided guidance of 3% to 5% revenue growth. For complete details on NCR’s first quarter performance visit CardData ([www.carddata.com][1]).

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

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