HPY Certifies ExaDigm’s Payment Solutions

Heartland Payment Systems has awarded “Class A” certification to ExaDigm’s “XD1000 Countertop Payment Solution” and “XD2000 Mobile Payment Solution.” ExaDigm’s XD1000 and XD2000 are PC-based, fully modular payment terminals featuring interchangeable communication modules which eliminate the need to support multiple, same-functionality terminals from one manufacturer and a Linux operating system providing the ability to adapt to changing technologies easily and rapidly. ExaDigm is a provider of modular IP-based wired and wireless point-of-sale (POS) terminal solutions.

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Heartland Payment Sys Q4 Revenue Up 19%

NJ-based Heartland Payment Systems reported that total revenues for the fourth quarter were up 19% to $342 million, but down sequentially. Net income for the quarter was up 4% to $7 million. Net income was impacted by an aggregate $2.9 million pre-tax charge to write off the carrying cost of our Parcxmart investment and for costs associated with the opening and relocation to our new Jeffersonville, Indiana customer service center. Transaction processing volume grew by 17.6% in 4Q/07. Total period end merchants were up 17.1% to 161,000. During the quarter Heartland Payment Systems launched a bank-neutral remote deposit capture system; began offering next day funding services for its credit card merchants; acquired General Meters, a developer and provider of one-card systems for college and university campuses; and filed an antitrust lawsuit against three firms alleging they have caused increased processing prices for table-service restaurants through an anti-competitive tying arrangement. The Company says it is expecting net revenue for the year (total revenues less interchange, dues and assessments) to grow by 16% to 18% and operating income as a percentage of net revenue to be 20% to 21%. For complete details on Heartland Payment Systems’ fourth quarter performance visit CardData ([www.carddata.com][1]). (CF Library 10/10/07; 10/23/07; 11/9/07; 11/28/07)

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

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SINGPOST & VISA

The Singapore Post Limited (SingPost) postal service provider has
made available the VISA Money Transfer Service at its 51 locations
throughout Singapore, allowing the transferring of funds directly to
VISA cards in 9 different global markets. These markets include
Australia, China, India, Indonesia, Malaysia, The Philippines, Sri Lanka,
Thailand and the United Kingdom. Senders can remit no more than
S$3,500 per day and will be charged a flat fee of S$9.00 per transaction
for the transfer of funds to any VISA cardholder in the aforementioned markets, who in turn can use the funds at any of the 29 million VISA
merchants around the world. VISA is accepted around the world and
has an expansive ATM network in over 170 countries while the
SingPost provides postal services to the citizens of Singapore.

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Accertify and Experian Integrate Card Tools

Accertify has signed a deal to offer Experian’s “Credit Card Verification” tool to Interceptas customers. “Credit Card Verification” provides consumer authentication and confirms the presence of a specific credit card account on a consumer’s credit report. “Credit Card Verification” authenticates the user’s link to the card to avoid transaction processing delays, potential fraud and is the only tool that verifies a complete credit card number against a purchaser’s full name and address. The Interceptas integrated platform is designed from the merchant’s perspective for combating card-not-present fraud and enabling the complete fraud prevention process for management with one product.

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Credit Stability Not Seen Anytime Soon

A new survey indicates that stability in the U.S. credit markets is not likely to return until the third quarter or later. Fitch Ratings says stability in the housing market is likely even further off. The latest “Fitch Ratings/Fixed Income Forum Survey” of institutional investors also found that ‘home price stabilization’ and ‘further fed easing’ were important, but ‘government driven remedies’ were viewed as potentially harmful or simply not important. Viewed as most critical to restoring stability to the credit markets was ‘confidence in financial disclosure of mark-to-market losses.’ Respondents were nearly unanimous in their belief that the risk of a U.S. recession is either moderate or high, while fully 100% of respondents expect the default rate to increase at least moderately in 2008, with about half of these expecting the rate to move significantly higher.

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CARDS AWARDS 2008

At the recent “Cards Awards 2008”, held in London, the Newcastle Building
Society has been awarded for having the “Best Prepaid Card Marketing
Campaign” with its “Tuxedo Blue Diamond” card campaign, beating-out 5
other nominees. Launched in February of 2007, with the help of Tuxedo
Money Solutions, Newcastle Building Society marketed the reloadable
open loop prepaid product with innovative packaging and a well-designed
media campaign. Recognizing excellence and best practice in the cards
payment industry, “The Cards Awards 2008” marked the first year
nominations were given to prepaid card offerings in different categories.
Also included in the ceremony was recognition to credit, debit and charge
card issuers on such topics as commercial success and customer experience
improvement. Newcastle Building Society has assets of over GBP4.4billion,
more than 60 live card programs and is planning 50 more in the months to
come.

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CROSS BANK BILL PAYMENT

Targeting the 75 million Chinese cardholders, the 99Bill Corporation
has introduced its “cross bank bill payment” card payment solution.
With this new solution, 99Bill users can now pay credit card bills over
the Internet with debit cards issued by any bank and because most
Chinese consumers are required to make cash payment at physical
bank branches, 99Bill’s “cross bank bill payment” has been introduced
as a matter of convenience, as a means of reducing foot-traffic at
branch offices and possibly improving customer loyalty. Currently however, the service only applies to consumers of the 8 major
card-issuing banks, including the Industrial and Commercial Bank of
China, Agricultural Bank of China, China Construction Bank, and China
Merchants Bank. The 99Bill Corporation electronic payment services
provider has 20 million registered accounts, 100,000 client merchants,
1.1 billion debt cards issued and 75 million credit cards issued.

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TSYS & TELROCK

TSYS and Telrock have partnered to introduce integrated mobile solutions
in North America in response to a successful collaboration in Europe
and an increased demand for the mobile phone account service in the
former market. The SMS mobile phone services which the 2 organizations
will be introducing include fraud alerting, account notifications, customer
inquiries and payments. Telrock provides mobile development and
integration solutions while TSYS offers outsourced payment services in
consumer-finance, credit, debit, healthcare, loyalty and prepaid service
around the world.

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Hypercom-Thales Deal Moves on to Closing

Hypercom yesterday confirmed it has executed a share purchase agreement to purchase Thales’ e-Transactions business. Hypercom previously made a $10 million deposit when it entered into a binding offer in December. Hypercom expects to close the transaction by March 31st. The acquisition will provide Hypercom with increased capabilities in Europe, making the Company a formidable global competitor. Hypercom also announced that after discussions with Ingenico this week, it became clear there was no path acceptable to the parties to pursue a merger with Ingenico at this time. Earlier this week Ingenico offered to buy Hypercom for $332 million after trying to block the Thales transaction. (CF Library 2/12/08)

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SCOTIASTAR PROMOTION

Scotiabank’s “ScotiaStar Network” has partnered with Mazda Canada
to provide Mazda customers savings and rewards, including a program
designed to provide 5X the rewards when the “Scotiabank VISA” is
used for the purchase of certain Mazda parts and services. With this
development, Mazda Canada joins a network of hundreds of Scotiabank
partners, such as restaurants, retailers and online shopping services, whom
provide their Scotiabank VISA customers and clients with similar benefits.
Existing Scotiabank VISA cardholders need enroll their account to activate
the rewards feature, which provide users with automatic rewards.
Mazda Canada has a nationwide network of 160 dealerships, providing
Canadians with Mazdas, parts and services, while Scotiabank employs over
60,000 and serves nearly 12.5 million in over 50 countries around the
world.

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HYPERCOM & INGENICO

Hypercom has executed a share purchase agreement to purchase Thales’ e-Transactions business. The move has squashed a potential merger between Hypercom and Ingenico. Hypercom expects to close the transaction by March 31st. The acquisition will provide Hypercom with increased capabilities in Europe, making the Company a formidable global competitor. Hypercom also announced that after discussions with Ingenico this week, it became clear there was no path acceptable to the parties to pursue a merger with Ingenico at this time. Ingenico also said that it does not see any way to proceed. Ingenico noted that it learned earlier this week that under the terms of Hypercom’s agreement with Thales, they were not free to enter into a transaction with Ingenico that does not include the Thales assets. The Company says it was disappointed that it did not have a genuine opportunity to move forward with the offer it put before the Hypercom board and shareholders. Last week Ingenico offered to buy Hypercom for $332 million, a 52% premium over last week’s share price, as well as an approximate 83% premium over Hypercom’s current enterprise value.

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Springbok Earns SAS 70 Type II Certification

CO-based Springbok Services has received “SAS 70 Type II” certification. The SAS 70 Type II certification provides industry-standard assurances to Springbok Services’ customers whom use their secure personalization and fulfillment solutions and is issued under guidance established by the American Institute of Certified Public Accountants (AICPA). SAS 70 Type II assurance means that Springbok Services’ infrastructure and processes have passed rigorous, third-party testing and have independently validated these processes to effectively exchange customer corporate/financial information.

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