Northern Trust Joins the MoneyPass Network

Northern Trust has signed an agreement with MoneyPass to become a member of the surcharge-free ATM network, giving cardholders access to more than 12,000 additional ATMs nationwide. Northern Trust had assets under custody of US$4.1 trillion, and assets under investment management of US$761.4 billion. MoneyPass is a network of Elan Financial Services, a provider of comprehensive ATM and debit card processing solutions for financial institutions, Independent Sales Organizations and retailers.

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Discover Offers Bank Products Through AAA

AAA has entered into a partnership with Discover Bank to offer financial tools to AAA’s 51 million members. Through AAA, Discover Bank will offer money market accounts, IRAs and certificates of deposit. AAA members from participating clubs will benefit from exclusive member-only rates with no minimum opening deposit required.Discover Bank is one of the 100 largest banks in the United States and an affiliate of Discover Financial Services.

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Metavante’s PSG 4Q/07 Revenue Rises 5%

Milwaukee-based Metavante Technologies reported fourth quarter revenue of $408.2 million, up 6% from 4Q/06. The Company says the growth was driven by higher volumes in core processing activity and payment transactions, plus acquisitions added approximately 2 points to the growth rate. The net loss for the quarter was $92.8 million including non-cash impairment charges, net transaction-related costs, and incremental interest expense. The Company completed its separation from Marshall & Ilsley on November 1st and is reporting results for the first time as a separately traded public company. Metavante’s Payment Solutions Group posted fourth quarter revenue of $245.8 million, an increase of 5% over 4Q/06. Segment operating income in the fourth quarter was $71.3 million, flat with the fourth quarter of 2006. Metavante recently announced the acquisition of two businesses that will become part of PSG: Nomad Payments Limited and BenSoft Incorporated, known in the market as RepayMe. For complete details on Metavante’s fourth quarter and full years results visit CardData (www.carddata.com).

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MasterCard to Sponsor Chicago Fashion Week

MasterCard has become an official sponsor of Chicago Fashion Week slated for April and September of this year . MasterCard wil give local fashion students the opportunity to be involved in the city’s most prestigious fashion event, giving them unparalleled visibility in the fashion community. The one day event, “The New Generation,” will introduce the talent of Chicago’s own top fashion students emerging out of colleges throughout Illinois. Chicago Fashion Week will showcase established as well as rising designers from national and international markets through on-site and off-site events with private and public fashion runways. These shows will take place throughout distinctive venues in the city.

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PPI Hires a New CFO

Payment Processing has hired Jim Condon, formerly with CyberCash, as CFO. As CFO, Condon will oversee financial operations at PPI by focusing on capital structure, budgeting, financial reporting, and communication with the investor community. Prior to PPI, Jim was chief operating officer (COO) and CFO of GetWellNetwork, Inc., a provider of interactive patient care solutions. Before GetWellNetwork, Inc., Jim held executive management positions at EduCap Inc., a major provider of student loan solutions; SecureMethods, a technology-advantaged network security company; and CyberCash, the first publicly traded Internet payments company. PPI provides software developers with a full range of services for integrating electronic credit and debit card payments, including gateway services, integration support, merchant support services and PABP/PCI security assistance.

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SKYWARDS DEBIT CARD

In response to the popularity of debit card use, which outweigh the number
of issued credit cards by 77% according to VISA, Citibank has teamed
with Emirates Airline to provide the “Skywards” rewards program for its
debit card customers. The “Emirates-Citibank Debit Card” provides ATM
card functionality with frequent-flyer reward benefits, such as
discounts and
promotions, that ensures against fraud. Currently, the “Skywards” program
provides over 3 million customers with “Skywards Miles” on every flight
with Emirates Airlines and its partner airlines, when patronizing partner-
hotels and partner-auto rental organizations. Citi has more than 170
million cards in circulation around the world, has had Mid-East
operations for nearly 50 years and oversees more than 200 million
customer accounts.

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IDENTRUST NETWORK

HSBC Bank has joined the IdenTrust Network for the generation of
a corporate customer identity solution. This will allow users to digitally
sign documents with secure, legally binding authorizations over the
IdenTrust authentication network available at all branches. The
organizations
are also collaborating for the streamlining of bank accounts, management
processes and trade finance services. HSBC Holdings serves over 125
million customers around the world from nearly 10,000 offices in 83
countries with total assets of around US$2,150 billion while IdenTrust
provides identity solutions in various sectors across more than 175
countries.

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NBPCA Relocates and Names New Execs

The Network Branded Prepaid Card Association has moved its headquarters from Sherborn, Massachusetts to Montvale, New Jersey. Also, Gary Palmer, EVP of Fidelity National Information Services and a Founding Director of the NBPCA, has assumed the title of President and Executive Director. Palmer delegates his responsibilities, as permitted by the NBPCA bylaws, to Paul Tomasofsky, who has been appointed EVP/COO. Dwayne Jones, President and Chairman of Springbok Services, has been appointed secretary of the NBPCA. Attorney Joi Sheffield has joined the NBPCA as Government Relations Advisor. The NBPCA has grown to include more than 35 members since the commencement of its first membership year in June 2006.

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IMOBILE SOLUTION

ICICI Bank and C-SAM have launched the “iMobile” mobile banking
solution to allow customers to bank from their mobile phones. The
Mobile Transaction Platform provides an icon based interface, which makes
for easy customer use, providing 40 different services such as banking,
fund transfer, credit card services and bill payments, among others.
Moreover, the new solution will aid the bank in acquiring new
customers, reduce customer support costs, and generate new revenue
streams. “iMobile” operates on GPRS and SMS networks and has
immense growth potential with an Indian mobile consumer population
of nearly 200 million subscribers. ICICI Bank has assets of nearly
Rs. 3649.44 billion and operates in the retail banking market with a
network of over 950 branches and 3,680 ATMs.

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VISA EUROPE 07

VISA Europe has reported 2007 as a year of significant growth,
having posted an 11% increase over 2006. This expansion was seen in
individual cardholder spending per transaction and the overall number
of retail transactions. This is credited to over half of all the payments
organization’s cards and terminals having implemented chip and PIN
technology, providing security and speed, and its network of more than
4,600 member banks. Moreover, the organization credits this growth to
the recent launch of its new “V PAY” chip and PIN-only debit card,
currently issued by 22 banks in eight countries, and HSBC’s recent
switch to VISA for its 10 million UK debit cards. There are over 348
million VISA debit, credit and commercial cards issued in Europe, used
to conduct over EUR1.3 trillion in transactions during 2007, and provide
products and services in more than 170 countries worldwide.

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OBERTHUR 4Q/07

Oberthur Technologies reported that revenues for its Card Systems unit grew 7% year-on-year and 11% sequentially to 165.1 million euros. Card Systems delivered over 117 million microprocessor cards in the fourth quarter, compared with 87 million in the last quarter of 2006, or a 35% increase in volume terms. About 26 million payment smart cards were delivered in the fourth quarter, up 11% from 4Q/06. However, conventional card sales were down, largely as a result of migration to
EMV and the spread of contactless technology. Personalization services were up 11.5% from the previous quarter with sustained sales in the U.S. and Europe. Revenue from the payment segment as a whole (chip cards, magnetic stripe cards and personalization services) amounted to 71.7 million euros in the fourth quarter. For complete details on Oberthur’s latest results visit CardData (www.carddata.com).

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