ING & MASTERCARD

ING Payments has made public its intentions to partner with
MasterCard Worldwide for the provision of increased customer control
and convenience with Mobile Payment applications. This will provide
debit or credit card functionality with NFC technology over the user’s
mobile phone. For transactions of less than a given amount, users need
not provide a signature for transaction completion. ING and MasterCard
Worldwide will be partnering with Collis, Venyon, Toro and LogicaCMG
for the development of the mobile phone NFC solution.

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Brookwood Capital Facilitates a Card Deal

NH-based BROOKWOOD CAPITAL has brokered a credit card partnership between St. Cloud FCU and The Members Group Financial Services. Under this agreement, TMGFS has purchased St. Cloud’s existing credit card portfolio and will issue credit cards for the credit union under the credit union name. This represents the first closed portfolio sale for TMGFS, which announced the founding of its new credit card agent program in 2007. The existing portfolio included more than 2,500 credit card accounts and approximately $3 million in receivables among St. Cloud’s 11,400 members. The credit union has approximately $76 million in total assets.

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PAYMENT CARDS 2006

The Fair Isaac Co and High Mark Credit Information Services of India
have partnered to provide Indian lenders with the Fair Isaac “FICO”
credit risk scoring. The “FICO Score” solution provides credit
markets with a reporting system, credit risk scoring technology to rank-
order consumers based on credit risk and provides lenders with a tool to
meet Basel II regulatory compliance requirements. The alliance with the
credit bureau partner is in addition to recently signed agreements with
Information Group in Singapore and with Korea Credit Bureau
in the Republic of Korea. The High Mark technology platform helps
financial institutions in the Indian Market make better credit decisions
while Fair Isaac Corporation applies advice, analytics and applications
to help businesses around the world make credit decisions.

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FICO Scoring Comes to Indian Consumers

Fair Isaac and High Mark Credit Information Services of India have partnered to provide local lenders with the Fair Isaac “FICO” credit risk scoring. The “FICO Score” solution provides credit markets with a reporting system, credit risk scoring technology to rank- order consumers based on credit risk and provides lenders with a tool to meet “Basel II” regulatory compliance requirements. The alliance with the credit bureau partner is in addition to recently signed agreements with Information Group in Singapore and with Korea Credit Bureau in the Republic of Korea.

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SHINSEI ATMS

Shinsei Bank has announced plans to install its ATMs at the “SUVACO
JR Kyoto Isetan” West Japan Railway Station to operate from 5:30 a.m. to midnight. The ATM accepts the “Shinsei
PowerFlex” ATM card free of charge to allow cardholders to conduct
deposits, withdrawals and balance inquiries. Additionally, the ATM is
accepts cards with the “PLUS”, “Cirrus” logos and cash cards issued
by partner financial institutions.

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CMI Moves Down for the 5th Straight Month

The seasonally adjusted “Credit Manager’s Index” fell for the fifth consecutive month in January, slipping one point to a record low of 51.4. The previous record had been set last month at 52.4. Five of the index’s 10 components fell, and both the manufacturing and service indexes declined, indicating that the weakness was widespread although not terribly deep. The MD-based National Association of Credit Management says the CMI’s steady decline has mirrored other macroeconomic data which suggests a sharp slowdown including terrible holiday sales, massive job losses in housing and in financial services, downtrends in volatile global financial markets, downgrades of bond insurers and many debt instruments, the Fed overreacting with cuts of 1.25% in eight days and an emergency stimulus plan in the works.

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RED CROSS & YEEPAY

The Red Cross has partnered with YeePay payment service provider to
provide a disaster relief fund for those currently stranded as a result of
extreme winter weather in China. Reaching from eastern to central China,
recent snowstorms in the country have killed over 60, downed power
lines and caused a severe transportation crisis. Highways, railroads
and airports have subsequently closed, compounded with this being the
busiest travel season across the country, leaving millions of travelers
stranded. In response, not only has the Red Cross established a hotline for
Snow Disaster Relief, this partnership with YeePay will provide an Internet
donation channel. YeePay e-payment service provider is headquartered in
Beijing, China, allowing consumers and businesses to conduct payment
transactions over the Internet, mobile and telephone.

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Borders Launches a Black History Month Card

Borders has released a new gift card that celebrates Black History Month. The new gift card features a portion of the title of a well-known song, “Lift Every Voice and Sing,” along with raised hands and words from the actual song that symbolize triumph over past struggles and to convey hope for the future. The “Lift Every Voice” gift card is the first time Borders has created a special gift card in recognition of Black History Month. The card can be purchased in the stores and online, available in denominations ranging from $5 to $500. The Borders Group is a $4.1 billion global retailer of books, music, movies, periodicals, gift items and stationery items.

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AMEX BIZ TRAVEL

In addition to signing $6.3 billion in 2007 contracts, American Express
Business Travel has reported the provision of over $1 billion in travel and
entertainment savings for clients across North America. Furthermore, the
Business Travel division’s new sales grew by 25% throughout the region,
the Pacific Region saw 105% increases in new business and Europe saw
a 20% sales increase. Experts credit these developments to Business
Travel’s new partnership, such as the joint venture with Barcelo Business
Travel in Spain, and the introduction of new solutions and services,
including the global implementation of servicing technology, the popularity
of the organization’s “Intelligent Online Marketplace” (AXIOM) POS
compliance and the introduction of “AX Hotel Hub” interface for the
control of hotel spending efficiency. Regarding American Express Business
Travel’s 3-year growth strategy, the division will be focusing on
enhancements
to address the environmental impact of its programs, meetings expense
management and globalization. The AmEx division operates a travel service
network of over 2,200 in 140 different countries and processed $24.6
billion
in global travel sales throughout 2007.

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WESTERN UNION 4Q/07

Western Union reported that revenue for the fourth quarter was $1.3 billion, up 12%, or 10% excluding the December 6th acquisition of Pago Facil. Total consumer-to-consumer revenue in the quarter grew 12% to $1.1 billion on transaction growth of 14%. A significant portion of the growth was attributable to the continued strong performance within the
international consumer-to-consumer business, which increased revenue 17%
while growing transactions 19%. The international-to-international
subset, those transactions that originate outside of the U.S., grew
faster still, posting 25% revenue growth and 28% transaction growth.
This international-to-international subset contributed 54% of Western
Union’s fourth quarter total revenue. In January, the company signed an
agreement with Penn Traffic. Additional notable new relationships
include an agreement to offer money transfer services at over 300 China
Everbright Bank branches in more than 30 cities in China, and a new
relationship with the Bangladesh Post. For complete details on Western
Union’s current and past performance, visit CardData (www.carddata.com)

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PAGO 4Q/07

Pago eTransaction Services is reporting an expansion of its international partner network
in addition to its total transaction volume. Emphasizing
this
development, the organization is showing an increase in clearing volumes
by over 20% while sales partners in the company’s “Partner Program” are
producing a growth of about 12%, resulting the deployment of over 8,000
terminals. Pago was founded in 1999 by Deutsche Bank AG, serving over
6,000 internet, mail order and in-store merchant clients.

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YUCHENG AWARD

China Merchants Bank has presented Yucheng Technologies’ POS system with
“The Most Outstanding Performance Award”. Yucheng’s POS system has
launched merchant acquiring at 8,900 terminals in 2007, generating
nearly RMB2 in revenue for every RMB1,000 spent at each POS terminal,
according to experts. The newly awarded achievement is a reflection of
recognition for the company’s growth and performance. Yucheng Technologies
Limited IT service provider employs over 1,500 to provide IT consulting,
system integration, and outsourced IT operations while China Merchants Bank
has branches in over 30 major cities across China and relations with
over 1,000
banks in more than 80 countries around the world.

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