Motorola Takes an Equity Stake in ViVOtech

Motorola has made an equity investment in ViVOtech, a contactless and mobile phone payment specialist . ViVOtech has more than 330,000 units deployed in 27 countries. ViVOtech’s investors include First Data, NCR, Nokia, Alloy Ventures, Draper Fisher Jurvetson, DFJ Gotham Ventures, Miven Venture Partners, and an undisclosed Fortune 500 company. In August, ViVOtech picked up NCR as a new investor as it raised more than $22 million in its third round of funding. ViVOtech recently announced that its “ViVOpay 5000” contactless payment reader is ready for use with “Visa payWave” programs in Canada, CEMEA, Europe, and Latin America. (CF Library 8/7/07)

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BLUE BAMBOO & GLOBALPLATFORM

Blue Bamboo has rolled out its H50 terminals with GlobalPlatform’s
GPC/STIP Specification for the Beijing transit card. The specification
will be used as the software platform for the terminals in merchant
retail locations and, with the partnership between Blue Bamboo and
KPay, will integrate the technology to provide the transit card. With
this, nearly 2,000 new Blue Bamboo terminals will be introduce before
2008. Blue Bamboo electronic payment technology provides wireless,
retail payment solutions while GlobalPlatform represents companies
with interests in the smart card industry from around the world.

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Better ATM Begins a Fundraising Initiative

AZ-based Better ATM Services has closed its first round of funding for a total of $1.02 million and will open another round of funding immediately. Better ATM Services has a successful pilot gift card program in place at 5 greater Phoenix, Arizona restaurants. The company also made strides recently with the certification of Diebold to dispense Better ATM Services’ uniquely designed cards using existing equipment with no add-on devices. Better ATM Services enables ATM independent sales organizations, retailers), prepaid distribution firms, transit organizations, event and entertainment venues, amusement parks as well as financial institutions to conveniently, profitably, and securely deliver prepaid cards to consumers.

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MOBICLEAR & TRAVELCARD

TravelCard Sweden has recently signed agreements to implement
MobiClear “Card Security” and MobiClear “On/Off Card Security” as
a value-adding measure to its VISA cards. MobiClear “On/Off Card
Security” allows cardholders to completely disable their cards when not
in use, guaranteeing piece of mind. The MobiClear “Card Security” solution
protects cardholders with the requirement of a four-digit PIN for entry
via their mobile phone when transactions are conducted. The solution also
provides a feature limit control allowing the customer to
determine a specified amount and, for any transaction exceeding the
amount specified, requires customer confirmation. MobiClear provides
secure identity solutions around the world to ensure safe trade over the
Internet and in retail outlets.

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TNB Purchases Five CU Card Portfolios

TNB Card Services has purchased the credit card portfolios of Gulf Coast Educators FCU of Texas, Lakes Area CU of Minnesota, Remington CU of New York, Oregon Territory FCU of Oregon, and NODA FCU of Louisiana. This series of purchases moved more than $12.3 million in outstanding balances and 10,400 card accounts under TNB’s ownership.Gulf Coast Educators FCU serves 34,000 members and three branches with assets over $250 million. Lakes Area CU serves 4,976 members with assets of $21 million. Remington CU holds assets of $27 million with 5,500 members. Oregon Territory FCU holds assets of $56 million and serves 8,200 members. NODA FCU has 3,900 members, with total assets of $25 million.

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JALCARD BIDDING

Japan Airlines has announced that it will be hosting auctions for its
JALCARD credit card for asset liquidation. The freeing up of assets
is expected to help the struggling airline stay afloat and the
relinquishment of the JALCARD credit card division will provide for
the needed capital. JALCARD has 1.9 million subscribers, generates
annual income of approximately 1.65 trillion yen and is expected to be
bid on by Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui
Financial Group Inc. and Credit Saison Co.

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iPayment Q3 Profits Nearly Triple Over Q2

Nashville-based iPayment reported third quarter revenues of $193.6 million, up 3.5% over 3Q/06. Revenues, net of interchange, were $82.3 million for the quarter compared with $77.4 million for the third quarter of last year. Net income was $3.4 million for the third quarter compared to net loss of $730,000 for the same period last year. In the second quarter the Company earned $1.3 million. Financial Network’s “Virtual Payment Solutions” business unit recently signed a non-exclusive sales agreement with iPayment. iPayment is a provider of credit and debit card-based payment processing services to over 145,000 small merchants in the USA. For complete details on iPayment’s latest performance visit CardData ([www.carddata.com][1]). (CF Library 8/14/07; 10/3/07)

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

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GEMALTO & MICROSOFT

Gemalto has been granted “Gold Certified Partner” status for the
Micrsoft Partner Program, reflecting the company’s expertise in
applying Microsoft technologies. Examples of Gemalto’s integration
with Microsoft technology include its digital security products such as
the “.NET smart card”, the “Protiva Strong Authentication Server”
and “Protiva credential devices”. Gemalto’s partnership with Microsoft
recognizes the organization’s program expertise in customer applications
and subsequent customer satisfaction. In addition, recipients of this
prestigious award are required to demonstrate Microsoft Competency
in specific areas, whereas Gemalto met competency in “OEM Hardware
Solutions with a Device Manufacturing Specialization”. These competency
designation titles clarify a partner’s capabilities in specific
technologies for
customers seeking specific solutions. Overall, Gemalto provides digital
security for organizations around the world, had a 2006 annual revenue of
EUR1.7 billion, has more than 85 offices in 40 countries and employs
nearly 10,000.

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Affinion Group 3Q/07 Revenues Rise 13%

CT-based Affinion Group posted third quarter revenues of $330.6 million, up 13% over 3Q/06. The Company noted that purchase accounting adjustments made in 2005 as a result of the acquisition of Cendant’s assets had a significant impact on its results of operations for the third quarter. The effect of purchase accounting adjustments in its results of operations for the quarter increased net revenues by $41.7 million. Also, the increase in revenue for this year was primarily the result of higher revenues in International products and Insurance and package products, partially offset by lower Loyalty products and Membership products revenue. International products revenue increased primarily due to new retail and other retail program introductions, growth in the package business and a favorable currency impact. The Company recently has launched Affinion Direct Response Group, a new direct response marketing division. Also, Affinion recently teamed with Debix to offer a new tool that stops identity thieves from opening fraudulent credit accounts and partnered with MODASolutions to offer eBillme customers the enhanced features of “Price Protection” and a “Return Guarantee”. Affinion has more than 5,200 affinity partners worldwide. Affinion reaffirms its full year 2007 adjusted EBITDA guidance of $280 to $285 million. For complete details on Affinion’s latest performance visit CardData ([www.carddata.com][1]). (CF Library 10/3/07; 10/16/07; and 11/6/07.

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

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NTT DOCOMO & NFC FORUM

NTT DoCoMo has joined the non-profit NFC Forum as a sponsoring
member, joining organizations from around the world. NTT DoCoMo
serves about 53 million customers while the NFC Forum was launched
as a non-profit industry association to serve the globally expanding NFC
market. The Forum was designed to develop NFC technology with
specifications to ensure interoperability among devices and services and
has over 135 industry members. NFC allows secure interactions among
electronic devices and cuts consumer wait time.

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ViVOplatform Smart Poster Management Launched

NFC provider ViVOtech is rolling out the commercial release of their ViVOplatform “Smart Poster Management Software.” Smart posters are similar to traditional posters or billboards but are logic enabled by having one or more NFC tags mounted on their back side. When an NFC mobile phone is waved directly at a smart poster, the device communicates with the NFC tag to receive a message, connecting to the VpSPm backend system using a wireless data network. VpSPm is a one-on-one mobile marketing software system that enables merchants to drive business through the creation, management, and delivery of personalized and context-sensitive information to consumers’ mobile phones.

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CHASE BANK & WINE RACK

The Wine Rack wine shop has launched its Chase Paymentech gift card
program in CAD$25 and CAD$50 increments. The gift card can be
redeemed for full or partial value throughout Ontario at POS terminals
at the Wine Rack retail locations. Research shows that 69% of shoppers
plan to give gift cards during the 2007 holidays while 39% would prefer
to receive them. Wine Rack has over 160 locations throughout Ontario
and is a division of Vincor Canada while Chase Paymentech Solutions
offers payment solutions for wireless terminals, electronic gift card
programs and e-commerce.

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