TRANSACTION GROWTH

For the 2007 holiday season, the BMO Bank of Montreal is projecting a
significant growth in its volume of processed credit and debit card
transactions. Projections for the month of December foresee BMO
processing nearly 50 million card transactions, the heaviest day with
nearly
4 million. The day of December 24th is expected to be at the height of this
transaction rush with predictions of over 100 card purchases per second.
Specifically, these figures project 26 million debit card transactions and
28 million credit card transactions, an 11% increase and an 18% increase
on the monthly average, respectively.

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MC VS EU

The European Commission has decided to force drastic reductions on MasterCard Europe’s default cross-border interchange fees.
MasterCard Europe says it will comply but will also appeal to the European Court of First Instance. The Commission’s Order
requires MasterCard Europe to repeal “Intra-EEA” fallback interchange fees, as well as “SEPA/Intra-Eurozone” interchange fees within six months. The Order applies only to “interchange fees for
MasterCard branded consumer credit and charge cards and for MasterCard or Maestro branded debit cards”. MasterCard Europe said its appeal is based on its firm conviction that market forces, not regulation, should drive key decisions such as the setting of interchange fees and retailers’ choices over which forms of payment to accept. MasterCard cites the experience in Australia, the only other jurisdiction in the world to regulate interchange fees, where consumers have ended up paying more for credit cards and receiving fewer benefits and less choice.

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EU Forces Changes on MasterCard Europe Fees

The European Commission decided today to force drastic reductions on MasterCard Europe’s default cross-border interchange fees. MasterCard Europe says it will comply but will also appeal to the European Court of First Instance. The Commission’s Order requires MasterCard Europe to repeal “Intra-EEA” fallback interchange fees, as well as “SEPA/Intra-Eurozone” interchange fees within six months. The Order applies only to “interchange fees for MasterCard branded consumer credit and charge cards and for MasterCard or Maestro branded debit cards. MasterCard Europe said its appeal is based on its firm conviction that market forces, not regulation, should drive key decisions such as the setting of interchange fees and retailers’ choices over which forms of payment to accept. MasterCard cites the experience in Australia, the only other jurisdiction in the world to regulate interchange fees, where consumers have ended up paying more for credit cards and receiving fewer benefits and less choice. For more details visit CardFlash International ([www.cardflashinternational.com][1])

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

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PUBLIC BANK & AIRASIA

Public Bank and AirAsia have signed agreements to provide customers
with a ticketing solution through the bank’s ATMs. For customers of
Public Bank that fly with AirAsia, the partnership allows payment for
airline tickets at the 400 ATMs throughout Malaysia. This solution is
applicable to those who make flight reservations only through AirAsia’s
call center and have an existing Public Bank account at the time of
purchase.

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Sage Offers New Credit Card Modules

Sage Software has announced a new Sage “MAS 90” and Sage “MAS 200 Credit Card Processing” module. Sage Card Processing is fully integrated with Sage MAS 90 and 200 to enable users to authorize and process payments directly from within Sage MAS applications. The module provides a complete credit and debit card processing solution for mail order, telephone order and Internet businesses, including corporate purchasing cards. Data can be entered through the Sales Order and Accounts Receivable modules and the .store and .order e-Business Manager applets. Transactional information, such as authorization codes, is captured and stored within the appropriate application database for historical and reconciliation purposes. In addition, the Sage MAS card processing system is managed by the Sage Payment Solutions Division rather than through a third party, resulting in lower credit card processing fees for customers.

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MOBICLEAR AGREEMENTS

MobiClear has signed licensing agreements with both Lakonian
Bank and Cooperative Bank of Lakonia to provide bank customers
with transaction security. With these developments, the banks will deploy
MobiClear’s “Card Security,” “Internet Banking Security”, “On/Off
Card Security”, and “3G Video Banking” to protect consumer account
information when conducting transactions, including mobile phone
banking. This agreement will be for at least 3 years and is projected to
generate revenue of nearly $1,200,000 for MobiClear, which specializes
in credit/debit card transaction security. MobiClear provides secure
Internet to, subsequently, promote online solutions while Lakonian Trust is
structured to provide Greek consumers with banking solutions in
conjunction with Cooperative Bank of Lakonia & Peloponnisos.

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CO-OP Inks a USFFCU Processing Contract

FL-based USF Federal Credit Union has entered into a five-year agreement with CO-OP Financial Services for debit and ATM processing. USFFCU has provided credit union access to university affiliates since 1959. Students, faculty and alumni now have use of CO-OP’s nationwide surcharge-free network of ATMs, which includes 6,000 deposit-taking machines and 5,500 ATMs in 7-Eleven stores.

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VERIFONE & PCI

To provide its customers with remittance services, Scotiabank has
partnered with Western Union(WU) to launch a pilot program from
its 42 Canadian locations. With this program, the bank patrons will
be able to send money transfers to over 200 countries around the
world. WU currently has over 50,000 Agent locations throughout
North America and operates a network of over 320,000
Agent locations while Scotiabank employs nearly 60,000, serves
roughly 12 million customers and had 2007 assets of $408 billion.

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ENTRUST & ICICI

ICICI Bank has signed a 5-year agreement with Entrust for the
protection of its customer’s transaction data. Entrust will provide the
bank
with standard SSL certificates to protect users of the institution’s
website
with transaction security. These certificates are reusable, provide banks
with a self-service administration tool and cut the risk of certificate
expiration. ICICI Bank has 2007 assets of $92 billion with a network of
950 branches, 3,300 ATMs throughout India and a presence in a total of
17 countries while Entrust secures digital information for 1,650
organizations across 60 countries.

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DCS Files Another Instant Issuance Patent

Dynamic Card Solutions has filed its second instant issuance technology patent to enable customization of individual debit, credit, ATM and prepaid cards. DCS’ second patent filing is aimed to secure the systems and methods which allow card issuers to produce a fully personalized, thermally printed, unembossed card in real-time for cardholders. This includes the immediate transmission of all card personalization information such as the cardholder’s name, account number, expiration date, CVV or CVC 2 security codes along with front and back card images. During this process, personalization information is printed onto association branded blank cardstock, producing a fully personalized, thermally printed unembossed card instantly.

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ATM CURRENCY VOLUME

Sainsbury’s Bank has released figures projecting that GBP10.79 billion
will be withdrawn from ATMs during the month of December 2007. This
is reflective of a record breaking month for the most money withdrawn in
a one-month period ever. This monthly projection equates to GBP348.06
million per day and GBP241,708 per minute for withdrawal from UK ATMs
This amounts to an average of 7.59 million ATM transactions daily.
Sainsbury’s Bank was established in 1997 and provides customers with nearly
1000 fee-free ATMs.

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