FDC & CHECK FORTE

First Data has completed its acquisition of Check Forte Processamento
de Dados Ltda. Forte payment transaction processing specializes in data
capture, switching, POS terminal management and network processing
services to banks for bill payment and provides check verification services
for merchants. First Data provides support to Brazilian financial
institutions
using its “VisionPLUS” transaction processing solution and has an extensive
reach across the Latin American Region. First Data Corp provides
electronic commerce with its operations in 38 countries, 5 million merchant-
customers and 1,900 card issuers. First Data’s “STAR Network”
provides debit acceptance at 2 million ATM and retail locations around the
world.

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Shell Begins Testing Pay By Touch

Shell becomes the first gasoline retailer in the world to adopt Pay By Touch biometric payment technology at its pumps and C-stores and is testing attendant hand-held wireless card scanners abroad. The Pay By Touch biometric technology Shell has installed at select Chicagoland stations verifies personal identity using biometrics, the measurement of unique physical and behavioral characteristics. In this case, a simple finger scan is used to pay for a fuel purchase from an existing financial account of the driver’s choice: eCheck (a direct debit from his or her checking account), Shell Card or Shell MasterCard.

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RBC & VISA MOBILE

The Royal Bank of Canada has teamed up with VISA to launch its
multi-phase, mobile payment service pilot to allow users to conduct small
transactions using their mobile phone. The pilot is slated for
completion in
2008 and will consist of lab-testing, a staff pilot and a consumer trial.
Furthermore, the “payWave contactless” pilot will test delivery, account
information storage to the mobile device, retail payments, coupon
solutions and account management. Aside from the contactless solution
being available on mobile phones, RBC will provide “payWave on
consumers’ chip cards as well. RBC has processed over 11 million chip
transactions to date worldwide.

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TD Banknorth Intros Flat-Panel VISA

A flat-panel VISA debit card has been launched in the USA. TD Banknorth has become the first bank to utilize the new technology that enables instant digital printing of non-embossed debit cards in the bank branch. The cards are permanent and is also available to existing customers who need to replace a lost or stolen debit card. TD Banknorth is partnering with CO-based Dynamic Card Solutions to pilot the debit card technology in 46 branches across the New England and Mid-Atlantic regions. TD Banknorth plans to expand the program to its current network of nearly 600 branches in eight Northeastern states by end of summer 2008.

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ACI & WESTPHERE

Westphere Systems has signed agreements allowing it to evolve into an
ATM/POS acquirer. With these agreements, signed with ACI Worldwide,
Westphere will implement “BASE24” and “ACI Worldwide” ACI solutions
to operate in an ACI “On Demand” environment. In doing so, ACI will
configure and host its software to meet Westsphere’s needs with the
“BASE24” payment engine to provide services through ATMs and kiosks.
Meanwhile, the ACI “On Demand” solution is operated at remote data
centers to support business continuity. Westsphere Asset Corporation,
traditionally specializing in traditional banking, has recently begun
expanding
its services in automated and self banking solutions throughout Canada. ACI
Worldwide solutions process payments, risk management and automation
for banking, retail and cross-industry systems serving over 800
customers in 84
countries.

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World’s Foremost Bank Card Loans Rise 24%

The World’s Foremost Bank, a subsidiary of Cabela’s, the “World’s Foremost Outfitter,” reported that its average VISA credit card loans increased 24% in the third quarter compared to one-year ago. With an estimated 1.7 million cardholders for its “Club VISA,” WFB posted managed card loans of $1.731 billion for 3Q/07. For the third quarter, the nation’s 23rd largest issuer, also reported interest income of $48.5 million, interchange income of $16.5 million and other credit card fee income of $7.4 million. Over the past year Cabela’s has introduced a loyalty card and a debit card with rewards. Last year, U.S. Bank and Cabela’s introduced the “Cabela’s VISA Check Card,” offering reward points for signature purchases. The “Club VISA” offers 2% back on all Cabela purchases and 1% on other purchases. The U.S. bank-issued “VISA Check Card” offers one point for every $2 spent at Cabela’s stores and one point for every $3 spent at other merchant locations. For complete details on Cabela’s/World’s Foremost Bank latest performance, visit CardData ([www.carddata.com][1]).

WFB AVG CARD LOANS
3Q/06: $1394 million
4Q/06: $1484 million
1Q/07: $1584 million
2Q/07: $1607 million
3Q/07: $1731 million
Source: CardData (www.carddata.com)

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

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StoreNext and First Data Target Grocers

Retalix’s StoreNext Retail Technologies and First Data have signed an agreement that enables independent grocers to access a variety of “TeleCheck Electronic Check Solutions” via StoreNext’s recently-announced “Connected Payments” program. Under terms of the agreement, StoreNext will offer First Data’s “TeleCheck Electronic Check Acceptance” integrated solution for supermarkets to all Connected Payments users in an exclusive check-processing arrangement. The TeleCheck ECA solution lets grocers convert paper checks into electronic transactions while incorporating authorization, settlement and collections through its “TeleCheck ECA Warranty” service. StoreNext Retail Technologies is a supplier of retail technology to independent grocers and regional chains.

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Coinstar Net Income Jumps 72% for 3Q/07

WA-based Coinstar reported that third quarter revenues were flat at $143.3 million. However, net income soared 72% to $9.0 million, compared to 3Q/06. The Company posted adjusted earnings of $0.21 per share, 9 cents better than estimates. Coinstar said that its coin processing and e-payments division posted solid results, while its DVD kiosk business continued to exceed expectations but, its entertainment category continues to face challenges. The company expects revenue for the fourth quarter to range from $135 million to $145 million. The Company reported that its installed base of coin machines hit 14,500 as of September 30th, compared to 13,100 one-year ago. Coin-to-Card, e-payment and e-certificate enabled machines topped 9,200 at the end of the third quarter, compared to 7,300 for 3Q/06. For complete details on Coinstar’s third quarter performance, visit CardData ([www.carddata.com][1]).

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

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Fiserv to Unload its Health Business

Fiserv has signed an definitive agreement to sell its Health business to UnitedHealthcare for $775 million in cash. The transaction includes Fiserv Health Plan Administration, Fiserv Health Plan Management, an outsourcing service for mid-sized health plans and health care payer organizations; Innoviant, a prescription benefits administrator; Innoviant Pharmacy, a prescription mail-order service; Avidyn Health, a care management company; and four other components of Fiserv Health’s ancillary businesses. The company will retain its workers’ compensation services organization, which includes the recently announced WorkingRx acquisition. The company will also retain its CareGain, Inc. technology business, which is used to intermediate health banking solutions. Both of these businesses will remain in the insurance segment. Fiserv provides information management systems and services to the financial and insurance industries which include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions.

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E-Duction’s Clear MasterCard is Embraced

A recent survey conducted by PA-based credit solution provider E-Duction indicated that more than four out of five respondents were “highly satisfied” with the company’s “Clear MasterCard program”. The Clear Card is only available through employers as a voluntary benefit. It has some unique features such as guaranteed-issue credit and automatic payment via payroll deductions that traditional credit cards don’t offer. Of those surveyed, 61% said the program was “much better” than traditional credit cards, 83% of respondents were “highly satisfied” with the card’s 0% interest rate, 83% of those surveyed were “highly satisfied” with the card’s automated payroll deduction repayment mechanism and 81% of respondents were highly satisfied with the card’s guaranteed-issue feature. E-Duction provides payroll payment solutions to the benefits administration arena.

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Hispanics are Most Active Gift Card Group

A new survey has found that Hispanics received gift cards with the highest average value among all ethnic groups at an average balance of $71, compared to $41 for Caucasians and $60 for African-Americans. The Comdata Stored Value Solutions fifth annual gift card survey also found that 26% of Hispanics surveyed report giving gift cards to children as a budgeting tool or in lieu of an allowance. Other findings: Hispanics are most likely to purchase gift cards for personal use; they are most likely to spend more than the value on their cards; and they buy cards with higher initial values and are most likely to reload cards. Additionally, the survey found that 71% of Hispanics prefer cards that also function as a DVD with music and 75% appreciate a card that is presented in unusual packaging.

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