PAYMATE GIFTMATE

PayMate has expanded its “GiftMate” mobile gift voucher with the launch
of the “mygiftmate.com” website. With this website, North Americans can
send vouchers to recipients in India for redemption with over 3000 online
merchants. The virtual gift voucher can be sent through the website by
selecting one of 4 pre-set voucher amounts, entering the recipient’s email/
mobile phone number and conducting payment by charging the sender’s
payment card. The solution provides for instant delivery anywhere in India,
convenience, flexibility and security. PayMate is accepted at over 6500
online and offline merchants across India and has been selected by Red
Herring as being among Asia’s Top 100 start-ups two years in
succession.

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GEMALTO & BESTCOMP

Gemalto and Bestcomp will be providing 3 million “Sealys” e-Healthcare
digital security microprocessor cards in Azerbaijan. The healthcare
smart card has been designed to provide citizens with social security
benefits, identification, transaction security, streamline
reimbursements and
will be full deployed by 2010. Bestcomp IT company will integrate the
project while Gemalto will deliver the microprocessor cards and
e-Government middleware. Gemalto digital security posted a 2007 annual
revenue of over EUR1.6 billion and employs nearly 10,000.

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Lucky Stripe Waffletechnology Cleaning Card

ME-based KIC Products and CA-based Clean Team Company have introduced the “Lucky Stripe Waffletechnology Cleaning Card” for use in bill acceptors. The “Lucky Stripe Waffletechnology Cleaning Card” incorporates the universal acceptance properties of Lucky Stripe in the bill acceptor with the advanced cleaning capability of Waffletechnology. KIC products include Waffletechnology products for magnetic card readers, bill acceptors, optical readers, smart card readers, thermal printers, ID card printers, ATMs and point of sale (POS) thermal credit and check readers. Clean Team provides cleaning cards and products for a multitude of industries.

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ARTEMA HYBRID TERMINAL

Hypercom has approved the more than 250,000 Artema Hybrid terminals in
Germany for compliance with Technical Appendix 7.0 specification from the
Central Credit Committee. These specifications have been implemented for a
nationwide migration to EMV chip card deployment, affording payment
terminals compatibility with core technical requirements of SEPA. Hypercom
designs electronic payment products and services to address the high
security
electronic transaction needs of businesses in more than 100 countries.

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DIEBOLD 720 & 760 ATMS

Diebold will be deploying 143 of its Opteva 720 and 760 ATMs for the
Banca Nazionale del Lavoro (BNL) with deposit automation capability for
the acceptance of bulk checks, cash deposits and the provision of efficient
services. This deployment will be complete by the second quarter of 2008,
allowing customers to complete transactions without entering the branch
and banks to focus on greater time management. This development is in
addition to the banks recent deployment of Diebold’s “Agilis Power”
software package, which allows BNL to manage 1,000 Web-based
ATMs from three different providers.

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MAESTRO CARDS

Wincor Nixdorf has launched its eServices.EFT outsourced retail
processing platform. Provides retailers with a shared
services model, eServices.EFT handles charge, credit, debit, store,
petroleum, loyalty, e-top-up and gift card processing from multiple
issuers.
The Wincor Nixdorf eServices.EFT solution software foundation is
scalable, flexible and PCI DSS compliant, providing a guideline for card
processors to prevent card fraud and hacking.

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Unsecured Loans and Credit Lines Promoted

IL-based Mintel Comperemedia research shows lending companies are increasingly promoting unsecured loans and lines of credit, given the recent mortgage meltdown. The research conducted concludes lenders sent approximately 522 million unsecured loan and line mailings to consumers, but they shipped out only 468 million for mortgages and home equity products for 2007. This is part of a trend of steadily reducing secured loan mail volume in favor of unsecured loan and line offers, confirmed with additional research showing mail offers for mortgages and home equity products were cut by 42% while unsecured credit line mailing increased by 17% throughout the year.

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PREPAID 08

Organized by Clarion Events, over 100 international prepaid innovators
will be speaking at the “PrePaid 08” expo and conference to take place
the 3 days beginning June 23rd and to be attended by 500 prepaid
professionals participants. With prepaid spending expected to reach
EUR75 billion by 2010, the event is conducive to this growing market,
showcasing payment innovation solutions, promoting cross-industry
partnerships, panel debates and discussions with visionary CEOs in
various industry sectors. These varying sectors include retailers,
transport operators, government agencies and network operators.
Moreover, “Prepaid 08” will be featuring case studies conducted by
Prepaid MasterCard Europe, Barclaycard OnePulse, the MTA New York and
Sainsbury’s.

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Commerce Bank and TD Banknorth Team

To celebrate NJ-based Commerce Bank and ME-based TD Banknorth joining forces as TD Commerce Bank, customers of both banks can access their accounts without incurring ATM fees. Customers can now make withdrawals without incurring ATM fees at any Commerce or TD Banknorth ATM at any of the companies’ combined 2,700 ATMs as well as more than 2,500 TD Canada Trust ATMs throughout Canada.

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American Consumer Confidence Sinks in Apr

According to Gallup’s measure of “American Consumer Confidence,” April figures are much lower than that of January and February with an economic mood of 29.2. For the months of January, February and March, Gallup posted findings of 43.2, 37.1 and 29, respectively. Based on current economic conditions and perceptions of whether the economy is going to better or worsen, Gallup measures mood rating based on the sum of positive answers with the highest possible score of 200. This score has never reached more than 140 in January of 2000. Gallup routinely reports empirical evidence on how the world’s citizens think and behave.

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Card Processor Forces Frontier Bankruptcy

Denver-based Frontier Airlines has filed bankruptcy following an unexpected attempt by its principal credit card processor to substantially increase a “holdback” of customer receipts, which threatened to severely impact Frontier’s liquidity. Frontier intends to continue normal business operations today and throughout its reorganization process. The card processor informed Frontier that, beginning on April 11, it intended to start withholding significant proceeds received from the sale of Frontier tickets. Frontier Airline’s mainline operation has 62 aircraft and 6,000 employees.

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Banking via ATM is a Most Essential

A recent survey conducted for NCR indicates that 40% of consumers feel that banking via ATM is a “most essential” self service transaction. When a consumer preference for self-service was indicated, respondents were asked in what daily interaction they would prefer using self-service over personal assistance, with 48% indicating a preference for ATM banking verses a teller, with 67% citing the ATM’s 24-hour availability, 54% noting the speed of the transaction and 44% specifying convenient locations.

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