MONERIS GIFT CARD

Home Hardware Stores has partnered with Moneris’ Ernex to launch its gift
card solution. With this, Moneris will provide the Ernex gift card through
over 1,000 of Home Hardware Store locations across Canada, replacing the
services of a former gift card provider with a reloadable option that has
no expiry dates. Moreover, this rationalizes Home Hardware’s card offering
given all of its card products, including debit, credit, loyalty and now
gift cards, are provided through Moneris. Home Hardware Stores Limited
provides building materials to consumers and had 2007 annual retail sales
of $4.8 billion while Ernex, a division of the Moneris Solutions
Corporation, provides marketing solutions with gift cards, reward and
loyalty services.

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STARSIGN TOKENS

On April 7th, 2008, Giesecke & Devrient will be launching its new
generation of USB security tokens, which allows data and applications
stored together with the user’s digital identity when plugged into a
computer.
The new token, the “StarSign Mobility Token”, also features a MicroSD
card, embedded smart card technology and can be used without driver
software to allow IT departments to retain control over the integrity of
proprietary applications on multiuser and virtual private networks. G&D is
based in Munich, Germany, is an international technology group with
implementations throughout the world, employs over 8,300 people and had a
2006 annual revenue of EUR1.3 billion.

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Navy FCU Joins the MoneyPass ATM Network

Navy Federal Credit Union has joined the MoneyPass ATM Network providing its 3,000,000 members access to 12,000 surcharge free ATMs in addition to the Union’s existing network of 376 ATMs. With this, the Credit Union joins the MoneyPass network consisting of over 850 financial institution serving over 25 million cardholders. Moreover, the Navy Federal Credit Union has over $34 billion in assets, 3 million members, 150 branch offices, and more than 7,300 employees while MoneyPass provides payment card processing solutions and is a division of Elan Financial Services, which serves over 2,000 financial institutions nationwide and manages over 38,000 ATMs.

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FRAUD SQUAD

Capital One Canada has teamed with Fraud Squad TV to launch multimedia
fraud-prevention solutions. In response to research by the Competition
Bureau of Canada showing 41% Canadians aged 18-34 said that they or
someone in their household has been a victim of fraud, while 20% of those
in the same age group are unlikely to report incidents of fraud, the
organizations have launched the initiative to distribute fraud education
materials to over 1,300 public libraries across the country. Moreover, the
initiative is targeted at this younger group of consumers through an
online “Fraud Awareness Quiz”, advertised through the Much Music Channel,
will be providing a quarterly newsletter and will be launching a Fraud
Squad TV 13-episode TV Season 1 DVD Box Set. Capital One Canada was
established in 1996, is based out of Toronto, ON and provides credit
products and services to consumers across Canada.

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NCO Group Feels a Consumer Driven Downturn

The NCO Group, provider of business process outsourcing services, has released its 4Q/07 financials highlighted with a revenue of $279.7 million and a EBITDA of $14.7 million. Additional reports show a net loss of $22.1 million, a $25.0 million reduction in revenue from allowance impairment, payroll expenses of $645,106, selling/administrative expenses of $422,094 and amortization expenses of $97,254. NCO owes additional profitability to refinement of portfolio strategies and is organized into Accounts Receivable Management, Customer Relationship Management and Portfolio Management divisions, all of which operated slightly below revenue targets. For complete details on NCO’s latest performance visit CardData (www.carddata.com).

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HYPERCOM & THALES

Hypercom has acquired Thales’ “e-Transactions” division.
With this
development, Hypercom will expand its team of industry professionals and
electronic
payment solutions while providing Thales’ secure card payment solutions
to consumers
across western Europe. This is in addition to Hypercom’s already
existing per annum
revenue of nearly $500 million with income mainly from its electronic
payment products
and services serving the retail petroleum, hospitality and vending
industries in over
100 countries around the world.

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U.S. Bank and Anheuser-Busch Launch Bud Cards

U.S. Bank and Anheuser-Busch have teamed to offer the “Budweiser Rewards VISA Platinum Card.” The new card offers points toward gift cards good for Anheuser-Busch merchandise. Cardholders earn three “Specialty Rewards” points for every $1 spent in net purchases at Anheuser-Busch related stores. Cardholders also earn one point for every $1 spent in net purchases made with the “Budweiser Rewards VISA Platinum Card” everywhere else and a 1,000-point bonus when they make their first purchase with the new card. The Budweiser branded card designs and rewards program associated with the new program are intended for applicants 21 years of age or older.

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HYPERCOM M4100 BLADE

Rahaxi Processing Oy will be distributing Hypercom’s compact PCI-
approved, mobile credit/debit terminals across Finland. Specifically, this
development concerns Hypercom’s battery-operated “M4100 Blade”
designed especially for mobile transactions. The small, portable terminal
features a high-contrast color touch screen, a contactless reader, a
clip-on printer and accepts magnetic stripe and smart cards. The FreeStar
Technology Corporation provides financial products to merchants and
acquirers in over 20 countries.

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INTUIT RESEARCH

According to Angus Reid/Intuit research, regarding Canadians’ concerns,
cedit card debt is among the most common. The research was gathered from
1,045 people across Canada and shows 26% of consumers most desire the
abolition of their credit card debt, 22% want to alleviate their mortgage
payment and 15% hope to shed extra pounds. Moreover, Atlantic Canadians
were the most concerned with credit card debt showing 32% in this region
were concerned with this factor above all else while only 22% in Alberta
shared this sentiment. Women were the most concerned with credit card debt
with findings that 30% of those polled wish they had none, compared to 21%
of men, and 33% of those polled between the ages of 35 and 54 years old
felt the same, the largest age group with this concern.

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LINK2GOV Offers Maximum IRS Payment Options

IRS payment processor LINK2GOV wants to remind taxpayers that that last minute payment options are available online. All federal balance-due tax payments initiated through LINK2GOV are authorized in real-time, and the payment date is the same date the transaction was successfully completed. LINK2GOV offers taxpayers a wide variety of electronic payment options1 . PAY1040.com accepts American Express, Discover, MasterCard or VISA cards. Incometaxpayment.com accepts PINless debit transactions from cards participating in the NYCE , PULSE or STAR payments networks. Upon completing a transaction using any of the payment options, taxpayers will receive a confirmation number.

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VISA Businesscard Expands its Merchant Program

VISA has expanded its merchant program to provide business cardholders with 130 discount offers available in 17 merchant categories through its website. The website is being launched in 11 dfferent languages, including Arabic, English, French, German, Italian, Spanish, Japanese, Korean, Portuguese, Turkish and Ukrainian and is in response to research demonstrating 75% of the participating 700 small business owners value discounts on such items as office supplies, business travel or other business-related needs. The research also shows 80% of the businesses would prefer a single online source from which they could access offers targeted to their demographic such as the new VISA website.

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Alaska USA FCU Opts for Fiserv’s ATM Modules

Fiserv’s Integrated Cash Operations Modules has been selected by Alaska USA FCU to optimize its cash supply chain. By selecting the end-to-end iCom Web-based cash management solution, the credit union can potentially reduce its cash flow and transportation costs by 20 to 40%. Implemented as an ASP solution, iCom will provide the credit union with a centralized system for cash ordering and confirmation. iCom solution can also easily add modules to support invoice reconciliation, business intelligence, and ATM asset management and profitability. It provides pre-emptive cash shortage alerts to improve service levels and reduce transportation costs by reducing cash handling and consolidating cash orders. iCom also provides a complete audit trail to assist with Sarbanes-Oxley compliance requirements. Alaska USA Federal Credit Union, one of the largest federal credit unions in the country with assets of $3.6 billion, is a member-owned, not-for-profit financial cooperative with more than 310,000 members.

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