CARDINAL CENTINEL

CardinalCommerce has added Ukash to its “Cardinal Centinel” payment
platform, which allows 30,000 customer merchants access to multiple
payment and checkout brands. With this partnership, CardinalCommerce
and “Centinel” customers now have access to the Ukash customer
base. Merchants using CardinalCommerce and Centinel who accept
the Ukash prepaid solution tap the market demographic of consumers
with reservations about submitting their card data online, those without a
debit or credit card and teens. Moreover, Ukash is issued at thousands
of locations worldwide, can be redeemed at a growing number of over
hundreds of websites and because it is prepaid, the merchant risks
associated with chargebacks is no longer an issue.

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Equifax Canada Reports Declining Delinquency

Predictive Sciences Group, Equifax Canada’s research division, has released figures demonstrating an increase in bill payment punctuality with the average delinquency rate having declined 21% between 2Q/05 and 4Q/07. Through the evaluation of the average Canadian national delinquency rate every six months, The Predictive Sciences Group found a rate decrease from 1.6% to 1.2% during the aforementioned period, mostly due to credit card, term loan and credit line payments statistics. There were however regional findings as well, showing for example Toronto’s delinquency rate, defined as accounts more than 90-days passed due, was calculated at 1.73% while Quebec City only showed a rate 0.67%.

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ACI 4Q/07

Throughout the 2007 calender year, ACI Worldwide e-payment software
provider has announced the addition of 49 new customers, 17 of which were
added in the final quarter of the year, while 50 existing customers
licensed
1 or more of the company’s software applications. Furthermore, among the
new customers, 14 implemented ACI’s “BASE24-eps”, 30 deployed its
“Proactive Risk Manager”(which has grown by over 60% in 3 years) and 12
implemented the ACI “Smart Chip Manager”. ACI serves over 820 client
customers in 86 countries, 116 of which are among the world’s top 500
banks and 9 are among the top 20.

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FTC Testifies on Credit Card Business Practices

The Federal Trade Commission appeared before the U.S. House subcommittee on financial service to explain the commission role in protecting consumers against deceptive credit practices. The testimony referred to the announced settlements with three payday lenders for allegedly failing to fully disclose loan terms, and an action announced earlier this week against BlueHippo Funding and BlueHippo Capital, which will pay up to $5 million for consumer redress to settle charges that they violated federal law while offering credit for electronics purchases. The testimony also described enforcement actions against deceptive marketers of debit, credit cards, and gift cards, as well as related consumer education efforts. The testimony described agency actions to stop violations of the Fair Debt Collection Practices Act, some of which resulted in substantial monetary judgments and bans on collecting debts, legal developments in debt collection and their impact on consumers and businesses. Furthermore, the testimony described efforts against debt negotiation, credit repair, and debt reduction companies engaged in deceptive practices and consumer education efforts.

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TRUSTED LOGIC & GLOBALPLATFORM

Trusted Logic is now a full member of GlobalPlatform, affording the
organization such benefits as assuming a greater role in contributing to
the platform’s open/interoperable specifications and greater
representation on the “Card Committee”, the “Mobile Task Force” and
the “Compliance Working Group”. With this, Trusted Logic has more
of a voice on the GlobalPlatform to share its expertise and market
knowledge.
The organization develops secure software, smart cards, secure tokens and
secure devices and was established in 1999.

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Cardtronics’ Q4 Revenues Leap 55% in Q4

TX-based Cardtronics reported that fourth quarter revenues of $116.0 million, were up 55% from 4Q/06. Also, the average number of transacting ATMs increased by 25%; withdrawal transactions per ATM per month increased by 33%, and ATM operating gross profit per ATM per month increased by 18% in 4Q/07. This year-over-year increase was primarily attributable to the 7-Eleven ATM Transaction, which resulted in $36.1 million of incremental revenues during the fourth quarter of 2007. For complete details on Cardtronic’s latest performance visit CardData ([www.carddata.com][1]).

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

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PREDICTIVE SCIENCES GROUP

Predictive Sciences Group, Equifax Canada’s research division, has
released figures demonstrating an increase in bill payment punctuality
with the average delinquency rate having declined 21% between
2Q05 and 4Q07. Through the evaluation of the average Canadian
national delinquency rate every six months, The Predictive Sciences
Group found a rate decrease from 1.6% to 1.2% during the
aforementioned period, mostly due to credit card, term loan and credit
line payments statistics. There were however regional findings as well.
Toronto’s delinquency rate, defined as accounts more than 90-days passed due was calculated at 1.73% while
Quebec City only showed a rate 0.67%.

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WELLBEING SURVEY

The F-Secure mobile and Internet security provider has announced the
results of its annual Online “Wellbeing Survey” of Internet users aged
20-40 in the US, Canada, the UK, France and Germany. The survey
tested the participants’ knowledge of online security and confidence
in basic online activities, revealing safety with online banking security is
perceived as more safe than credit card security, 50% having reflected
this sentiment except for Germans. A very small, 15% segment of
German respondents felt safe using credit cards online. Moreover,
65% of respondents from all other countries felt secure when banking
online except, again, for Germany. Of the German respondents, 28%
were confident in online banking security, less than half that of the
average. The F-Secure Corporation provides its users with subscription
protection against computer viruses through over 160 Internet service
providers and mobile operator partners around the world from its
headquarters in Helsinki, Finland.

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SQUIDCARD SMARTCARD

sQuidcard and the Greater Manchester Passenger Transport Executive
(GMPTE) have signed agreements to deliver a city-wide prepaid transit
smartcard pilot service, initially in the Bolton district. The pilot
will serve
Arriva Manchester bus travelers and can be used for conducting low-cost
transactions. sQuidcard Nucleus subsidiary is targeting the GBP200 billion
annual, sub-GBP10 card transaction market with its “eMoney purse”
solution.

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Euronet Pulls Out of MoneyGram Negotiations

Euronet Worldwide has decided not to submit a proposal to acquire MoneyGram International. The Company says it has ceased discussions. In December, after rejecting a prior offer, KS-based Euronet made a new offer to acquire MoneyGram International in a tax-free, all-stock transaction valued at $1.65 billion. The deal represented a premium of about 43% to the closing price of MoneyGram shares on December 4th, the day Euronet made its latest offer. Earlier this month, Thomas Lee Partners and Goldman, Sachs made a $700 million+ investment into MoneyGram International. The Company also entered into an agreement with affiliates of Goldman Sachs to provide debt financing of up to $500 million, with additional $200 million to follow. (CF Library 12/13/07; 2/13/08)

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CEBIT CARD INTRO

Giesecke & Devrient (G&D) and Wirecard Bank AG have introduced the
e-business application that the organizations have jointly developed at
this year’s
CeBIT. Upon registration with the Wirecard Bank internet payment service,
consumers can use the electronic application in conjunction with a
contactless
card reader on their own computer, allowing authentication with personal
identity documents and PIN. This implementation confirms the importance of
standards for microchip-equipped cards and peripheral middleware support.
Giesecke & Devrient develops solutions and systems for payment processing,
employs nearly 8,300 people and generated a 2007 revenue of EUR1.3
billion while Wirecard AG electronic payment provider supports over 9,000
companies.

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MISYS CUSTOMER PAYMENT INITIATION

Misys has partnered with Petra Financial to launch its “Customer Payment
Initiation” through the “Touchstone” interface. With this Petra interface,
users will be allowed to capture, validate and route payment instructions
using integrated reference data, subsequently providing automatic
improvement in Straight Through Processing rates, charge backs and
efficiency. The Misys Payments aims to provide a complete integrated
payments solution for every stage of the payments transformation
lifecycle with this development. Misys banking and payment solutions are
used by more than 1,200 customer clients while the organization employs
around 4,500 people serving customers in over 120 countries.

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