S1 Corp Q1 Revenues Drop 12 Y/Y

The S1 Corporation has reported its 1Q08 financials reflecting 749,064 preferred shares were issued and 56,748,906 common shares were issued. The net income from operating activities was $5,190,000, the Depreciation and amortization totaled $2,970,000 and net cash through operating activities totaled $ 4,794,000. Additional figures show revenue from software licenses posted $1,423,000, support and maintenance generated $ 3,723,000, operating income accounted for $4,115,000, while reconciliation to adjusted EBITDA depreciation and amortization posted $787,000 and $883,000, respectively.

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HPY to Acquire ADS’ Network Services

NJ-based Heartland Payment Systems will acquire the Network Services Business of Alliance Data Systems for $77.5 million in cash, which is among the 20 largest petroleum industry payment processors posting an annual bank card volume of $17 billion and an average of 600 million annual transactions. Heartland handled a total annual card volume of $51.9 billion in 2007 and believes the acquisition will be non-dilutive to earnings in 2008, which is expected to close within the next 30 days. Heartland Payment Systems provides payment card processing, payroll, check management and payment solutions to more than 165,000 businesses nationwide while Alliance Data’s Network provides payment processing solutions for a variety of industries.

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PaySimple Upgrades Small Biz Payment Solution

PaySimple has released PaySimple 2.0, its newest electronic payment solution for small businesses. Users have the ability to electronically collect payments via eCheck/ACH or credit card as well as pay their vendors via those channels in one user-friendly, convenient system. Payments can be made as one-time or scheduled recurring transactions, all at the merchant’s discretion and convenience. Schedules can be easily updated, multiple payment types can be used, and all communications with customers and vendors can be automated and customized. Small-business owners can use and benefit from the PaySimple Solution 2.0 even if they don’t have a website. With the enhanced PaySimple WebForms Module, even novice users can create securely hosted Web pages that their customers or donors can use to make payments for online purchases, pay their bills online, or even set themselves up on recurring billing. PaySimple 2.0 customers can insert customizable Payment Buttons into their websites that link to those customizable payment forms. This gives PaySimple 2.0 customers the ability to easily collect payments on their website with a page that can be configured to match the look and feel of the existing website without any .html experience.

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NFCC Finds that 10% Miss Mortgage Payments

Addressing American financial deficiencies and overall financial health, a recent survey has found 10 % of Americans with a mortgage have been late or missed a mortgage payment in the last year, 15 million have fallen behind on bills, decisively struggling, only 59% of those aged 18-29 pay bills on time every month and 20% of American adults maintain little-to-no track of personal finances, all demonstrating a need for national financial education. Additional findings show 33% have no retirement savings, only 10% of renters have renter’s insurance and 33% are ignorant to their credit score. The National Foundation for Credit Counseling (NFCC) and MSN Money have released the findings of the survey, conducted over the phone by Princeton Survey Research Associates International between March 5th and March 15th, 2008 with 1,001 Americans, to appeal to those most at-risk.

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PAYEASE/CYBERSOURCE SOLUTIONS

eCommerce solutions are met with an impasse when attempting penetration
to the growing Chinese market given, rather than credit cards, most
consumers have Chinese debit cards provided through over 20 different
key banks across the country and is with what eCommerce brands and
merchant solutions need be integrated. Posing an issue for the consumers
and merchants alike, CyberSource and PayEase have collaborated to
address these challenges with cost-effective access to online payment
vehicles, support for the Chinese credit/debit cards and assistance to
foreign companies in navigating regulatory/licensing requirements. The
partnership also provides merchants with tax calculation for Chinese
value-added tax, recognition of the Chinese language character set and
the automation of acceptance/rejection of orders. CyberSource
Professional Services provides 228,000 businesses with its electronic
payment and risk management solutions while PayEase payment & loyalty
marketing
service provider supports over 65 different types of debit cards and 4
international credit cards.

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IDD-PAYPASS ELAN AWARD

ID Data Group plc (IDD) has been awarded the Elan Award for technical
achievement by the International Card Manufactures Association in
recognition for its development of MasterCard Paypass “Touch and Go”
payment technology. The Paypass technology was designed for use by other
MasterCard issuers contactless payment implementations for transactions
of less than GBP10. Furthermore, this is the 2nd Elan Award awarded to
ID Data over the past 3 years.

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VISA & CGI

Visa launched its first corporate responsibility program at the Clinton Global Initiative mid-year meeting. Visa says it is committed to working with leading humanitarian aid organizations that have the expertise and ability to help individuals in vulnerable communities around the world, including in cases involving disaster relief efforts. An integral part of this commitment is Visa’s new partnership with Oxfam America, an international humanitarian relief and development organization that is a highly-respected leader in advancing humanitarian aid, economic development, and poverty alleviation. Visa is making an initial three-year funding commitment to support Oxfam’s work on both humanitarian aid and targeted programs devoted to combating poverty.

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Javelin Direct Hires a New VP

Marketing agency Javelin Direct has hired Mia McNiece, previously with R/GA, as VP of Client Services. McNiece was Account Director at R/GA in New York where she contributed to building its financial services strengths by leading the pitch to win the Discover Card business, a first in the credit card category for R/GA. She also launched the online marketing campaign to promote Discover’s Motiva Card, a revolutionary credit card product. McNiece has extensive experience in interactive, direct, and general marketing. In addition to her previous work at global advertising agencies, she has served as a founding member of three start-up businesses.

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A CARD FOR YOU

Ceska Sporitelna Bank of the the Czech Republic has implemented the
Serverside Group card customization technology, now available to its
customers, as part of the bank’s “A Card for You” campaign. Available to
Ceska Sporitelna’s 3 million Visa, Maestro and MasterCard debit
cardholders, the new solution is marketed through online banner ads,
direct client emails and presentations to journalists and allows users
to upload their own photos or to select from a gallery of provided
images. Requiring no software downloads and charging cardholders EUR 7.5
per card design, the “A Card for You” campaign is designed to engage
customers for the encouragement of brand loyalty. Serverside digital
card design provides software and personalization solutions for 65 card
issuers in 21 countries through its more than 350 card programs.

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Affinion Group Q1 Revenues Rise 6%

Affinion Group reported net revenues for the first quarter of $339.2 million as compared to $320.5 million for the first quarter of 2007. Membership products revenue for the first quarter increased $2.1 million, due to the impact of purchase accounting. The increase in net revenues was due to growth in both the International and North American regions. The increase in North American revenue was primarily attributable to double digit revenue growth in Loyalty and a slight increase in Membership revenue. Net revenue, adjusted EBITDA GraphNet revenues excluding the impact of the transactions increased $15.0 million. Net revenues benefited from $3.7 million in the quarter as compared to the first quarter in 2007 due to a reduced impact of the non-cash reduction in purchase accounting as part of the transactions. For complete details on Affinion Group’s latest performance visit CardData ([www.carddata.com][1]).

AFFINION REVENUES
1Q/07: $320.5 million
2Q/07: $333.3 million
3Q/07: $330.6 million
4Q/07: $336.4 million
1Q/08: $339.2 million
Source: CardData (www.carddata.com)

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

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PAYPASS, GLOBAL PAYMENTS & PIONEER

Pioneer Petroleums has deployed Global Payment Solutions to allow its
acceptance of the Masertcard “PayPass” payment option. Allowing users to
conduct payment transactions for purchases of less than $50 with a tap
of their payment card, MasterCard “PayPass” is now accepted at 140
Pioneer locations across Ontario. Pioneer Petroleums provides fuel, car
washes, ATM bank machines and retail goods to consumers across Ontario
while MasterCard Worldwide processes over 18 billion transactions
annually for consumers and businesses in over 210 countries and territories.

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Visa Launches a Corp Responsibility Program

Visa launched its first corporate responsibility program at the Clinton Global Initiative mid-year meeting. Visa says it is committed to working with leading humanitarian aid organizations that have the expertise and ability to help individuals in vulnerable communities around the world, including in cases involving disaster relief efforts. An integral part of this commitment is Visa’s new partnership with Oxfam America, an international humanitarian relief and development organization that is a highly-respected leader in advancing humanitarian aid, economic development, and poverty alleviation. Visa is making an initial three-year funding commitment to support Oxfam’s work on both humanitarian aid and targeted programs devoted to combating poverty.

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