VERSAPAY & ALBERTA

VersaPay has partnered with the Alberta Chambers of Commerce(ACC) to
provide its member businesses with discounted acceptance rates of VISA,
Mastercard and INTERAC Direct Payment processing. Of the 22,000 businesses
and 127 boards, preferred rates on VersaCard’s stored-value card, gift
cards, point of sale terminal fees and the mentioned processing fees will
be provided to those members in good standing. VersaPay provides hardware,
technology, Infrastructure, support services, EMV compliant point of sale
terminals, payment solutions and payment platform integration to Canadian
retail businesses while the Alberta Chambers of Commerce harbors strength
in numbers for advocacy and networking opportunities of its members.

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Jack Henry Introduces Centurion jVault

Jack Henry and Associates has introduced its “Centurion jVault” disaster recovery data vaulting solution. Centurion jVault is an online data backup solution that enables financial institutions to store critical IBM System i-based data at a secure, off-site location. Centurion jVault mitigates inherent risks associated with physically transporting tapes from one location to another, complies with related regulatory requirements, and provides financial institutions with a superior audit trail for all backed-up data. Jack Henry & Associates is a provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations.

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CIBC VISA Cards Add Chip Technology for a Pilot

Canada’s CIBC has added chip technology to its VISA cards. CIBC Visa cardholders in Kitchener-Waterloo, Ontario began receiving their chip enabled credit cards as part of an industry market trial. CIBC debit cards will be joining the market trial in the spring. During 2008, CIBC plans to start to roll out chip credit and debit cards to all customers. Already, all CIBC bank machines are chip enabled. This past year CIBC also introduced free value-added safety and security features on all CIBC credit cards through “CIBC CreditSmart,” which helps clients monitor changes to their credit reports, be aware of potential fraudulent uses of their credit cards, and deal with identity theft. “CIBC CreditSmart” is unique to the marketplace and CIBC cardholders have responded positively to the offer.

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The BioTrucker Fuel Card is Introduced

The National Biodiesel Foundation has issued the “BioTrucker Fuel Card”. “The BioTrucker Fuel Card” gives trucking companies and owner operators an easy way to pay for fuel, access cash advances, and pay for repairs and other expenses while on the road. Card holders pay the cash price for all fuel, instead of a credit price. Sapp Bros. Travel Centers, Waddy Unocal 76 and Drivers Truck Stop are the first to offer a $.02 discount at the pump for “BioTrucker Fuel Card” holders. ProMiles mapping software is a partner that provides incentives for using its software — the only mapping software for the trucking industry that shows biodiesel locations. Discounts on repairs and tires as well as roadside assistance are also available through the card. The initial in-network list contains 149 truck stops.

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JUNFANG DISTRIBUTION

Pay88 and Junfang distribution agreements, signed in 4Q07, were concluded
with the intent on the distribution the latter’s “51 Game” game time card
throughout Western China. Junfang’s online community website, “51.com”,
boasts over 70 million users with nearly 160,000 new ones each day and
recognizes Pay88’s established, reliable distribution network as important
to providing the game cards to its users. Pay88 distributes and resells
prepaid online video game time and various prepaid digital cards.

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Global Payments Revenues Climb 16% Y/Y

Global Payments reported that fourth quarter revenue grew 19% to $310.6 million compared to $260.4 million in the prior year. GPN says its growth was largely driven by its merchant services segment. Also, its domestic ISO channel continues to favorably impact its financial results through organic expansion. The Company continues to benefit from favorable currency exchange rates in both Canada and the Czech Republic. Plus, there is strong revenue growth from GPN’s Asia-Pacific joint venture with HSBC. The Company provided annual fiscal 2008 revenue guidance of $1,250 million to $1,260 million. This revenue guidance reflects an expected 18% to 19% growth versus $1,061.5 million in fiscal 2007. For complete details on GPN’s latest results visit CardData ([www.carddata.com][1])

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

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Pay Linx Intros the RBC Quicklinx Benefit Card

Pay Linx Financial has teamed with RBC to launch prepaid debit card services with the “RBC Quicklinx Benefit Card”, providing government agencies an alternative to issue paper checks. The card allows beneficiaries to access their government subsidized funds at ATMs and with purchases at POSs, similar to that of a debit card, for which RBC will be implementing the prepaid platform while Pay Linx will provide back-end services, processing and customer support. Pay Linx is 25% owned by Royal Bank of Canada, delivering processing services to North American financial systems and their clients.

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CITI ACI VISA

Citibank and the Italian Automobile Club have teamed to launch the “Citi
ACI” VISA credit card, providing cardholders with up to EUR120 in
discounts per annum. Moreover, the new card provides Italian consumers
with a 2% discount on gasoline purchases, a 1% discount on all purchases,
theft/loss coverage, purchase protection in the event of damage/theft and
provides access to the “ACI Club”. Services and benefits provided to club
members include a EUR20 discount on annual membership fees, discounts on
F1 race tickets, free legal assistance, 10% discounts with Hertz Car
Rental, 22% discounts on Safe Driving courses and a discount network with
various participating merchants. Citi provides over 200 million customers
in more than 100 countries with financial products and services.

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ATM FX CASH ACCEPTANCE

The National Bank of Abu Dhabi has deployed CR2 BankWorld ATM’s “FX Cash
Acceptance” solution to provide foreign currency exchange through ATMs for
bank customers across Egypt. With the implementation of this solution, “FX
Cash Acceptance” allows ATMs to count and validate deposits, upon which
the funds are instantly credited to the account in the home-currency of
the customer. This development is part of the Bank’s numerous BankWorld
cash acceptance programs. These programs include ATM cash deposits and
credit card payments, 24/7, in high-traffic areas throughout the country.

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YES BANK REMITTANCE

YES Bank has teamed with Obopay India to provide its customers with its
instant mobile remittance service, the first of its kind in India. With
the introduction of the money transfer solution, customers can securely
transfer funds from one mobile user to another over a mobile application
downloaded on their mobile phones, a web application with GPRS
connectivity or through SMS. Upon receipt of the funds transfer, the
recipient is able to withdraw cash at over 21,000 ATMs with the YES Bank
debit card immmediately. The maximum transfer amount, however, is Rs
25,000 per transaction and is available to the 240 million mobile users
across India. Consumers can register at 1 of the 60 YES BANK Retail
Branches or 75 ATMs across the country to establish one of the said
accounts.

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Werck BV Releases Checkout 2.0 POS Solution

Werck BV has released “Checkout 2.0” POS solution for small to medium sized Mac-based stores. “Checkout 2.0” lets retailers process credit cards real-time, create and manage purchase orders, have multi-user access to their store over a network, and integrate their Checkout data with MYOB AccountEdge or Intuit’s QuickBooks Pro for Mac. Checkout 2.0 runs on Mac OS X 10.4.10 or later. Werck is the joint venture between development studio Sofa and small business-focused MYOB US.

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