Capital Payments to Offer BankServ Products

BankServ has finalized agreements today with Capital Payments to offer BankServ’s “SameDayPay” e-check processing and “DepositNow”! remote deposit solutions to Capital Payments’ business customers. “SameDayPay” transfers funds directly from senders’ bank accounts to the receiver’s account — allowing users to quickly and easily pay for taxes, services, utilities, products, loans, dues or even charitable contributions. SameDayPay integrates within a business’ website to offer a convenient and inexpensive way to collect and manage payments. “DepositNow” is a remote deposit capture solution for small businesses that enables businesses to deposit from their desktop virtually any check into any U.S. bank account. “DepositNow” further integrates with popular accounting systems to automatically match outstanding invoices to scanned checks and update accounts receivable. Capital Payments provides payment services to businesses of all sizes and in various industries through its Capital Payments Advantage program. BankServ has been developing and delivering electronic payments technology for financial institutions across the globe, including systems for Fedwire, SWIFT, person-to-person payments and Check 21.

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FRAUD STATISTICS

According to Abbie Milton of Absa Bank, there has been a growing
loss due fraudulent credit card transactions. The company’s statistics
show that “Card-not-present” fraud is the most common and that
90% of all cases originated from card details being sent by fax.
Furthermore, over the past 18 months businesses throughout South
Africa have lost between R25 and R40 million. This figure is continuing
to grow.

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VISA and Tablet Hotels Partner for Signature

VISA and Tablet Hotels have announced an agreement that will enable VISA Signature card issuers to provide unique benefits with the “Tablet Plus Members Only” program that offers a selection of the world’s best hotels to select VISA Signature cardholders. The Tablet Plus Members Only program includes exclusive amenities and benefits at more than 100 of the Tablet Hotels’ carefully selected luxury and boutique establishments. These Elite Hotel Privileges will be offered as an optional enhancement for VISA Signature card issuers, allowing them to offer this new premium benefit to their highest value cardholders. Tablet Hotels is a leading online travel agency specializing in luxury and boutique hotels around the world.

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CAPITAL PAYMENTS & BANKSERV

Capital Payments has signed agreements to provide BankServ’s
“SameDayPay” e-check processing and “DepositNow!” remote deposit
for its customers through its “Advantage Program.” The Capital Payments
program enables client advisors to oversee processing costs for cost
effective
and efficient solutions. Services through the “Advantage Program” include
credit, debit, check, ACH, Check 21, and working capital solutions. With
this agreement, Capital Payments advisors can now recommend these
BankServ solutions.

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ADS Inks Alon USA Energy FINA-Branded C-Stores

Loyalty program provider Alliance Data Systems announced that it has signed a multi-year expansion and renewal agreement with TX-based Alon USA Energy to provide co-brand and private label credit cards services for Alon’s FINA-branded convenience stores. Under the terms of the agreement, Alliance Data will provide an integrated credit and marketing solution for the FINA card program at Alon’s approximately 1,100 store locations throughout the southwest United States and will provide the following services for Alon across the entirety of the FINA credit card program: account acquisition and activation; receivables funding and credit risk management; credit authorization; card issuance; statement generation; remittance processing; marketing and customer service functions associated with the card programs. The new co-brand credit card program will complement Alon’s existing FINA private label credit card program, providing select customer segments with an alternate card choice for making purchases. Alon is an independent refiner and marketer of petroleum products with annual sales exceeding $3 billion.

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HSBC & 7-ELEVEN

HSBC Bank has been granted approval from the Monetary Authority of
Macau for alliance with 7-Eleven convenient stores to provide its bill
payment service. There are currently over 30 7-Eleven outlets throughout
the country and with this agreement HSBC will offer insurance, utility, card
payment and telecommunication settlement service. HSBC Macau Credit
Card will be the first to offer its customers the payment option with
the service to allow consumers to pay their bills in cash with the
cashier with
the use of barcode technology and instant checksum validation. The process
is streamlined through automation of data capture and online consolidated
reporting through HSBC’s HSBCnet.

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VISA Issues a T&E/Procure-to-Pay White Paper

VISA has released a new white paper that identifies best practices in electronic payment programs for T&E management process and “Procure-to-Pay” function deployed by companies worldwide to help satisfy compliance requirements and achieve more control and visibility over spending. The paper, co-published with ACTE Global focuses on corporate card and P-card program strategies. The T&E policies are aligned with overall procure-to-pay objectives and are actively endorsed by senior management. Best practices include: centralized travel management; company-wide travel policies; coordinated event planning through travel management function; and implementing a T&E card program. “Procure-to-Pay” best practices include”: a more transparent and accountable purchasing system plus sourcing, order placement, payment and settlement, reconciliation, control and audit and reporting.

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CUSTOMERS ACQUIRES NZ ATM

Customers Limited has acquired a 25% stake in NZ ATM Services
Limited for NZ$1 million, allowing the ATM deployer to access the
New Zealand market. With entry to this market, the deployer will also
be among the largest ATM owners in the region citing the company has the
largest ATM network in Australia and is rapidly expanding in the Chinese
ATM market. NZ ATM provides merchant ATM services throughout
New Zealand while Customers Limited provides Australian ATM and
Electronic Payments Systems throughout Australia and Asia. The growing
electronic payment provider is a joint venture of Bendigo Bank and
MasterCard International.

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U.S. Bank Tops 20 Million VISA Gift Cards

U.S. Bank issued its 20 millionth “U.S. Bank Visa Gift Card” this week, having doubled its program in just over a year. U.S. Bank has made several enhancements to the Gift Card in the last year. Customers who purchase the cards online now have a choice of five gift card designs. Prepaid cards are an important area of business for U.S. Bank. In addition to gift cards, U.S. Bank issues prepaid cards for payroll, general purpose spending and rebates. U.S. Bank is the leader in the use of prepaid cards for state-sponsored disbursements, such as for unemployment insurance, child support, child care and temporary assistance for needy families. It was one of the first to partner with states for these types of payments, and continues to be a leader in the industry in the use of prepaid cards as an alternative to cash and checks. U.S. Bancorp, with $228 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States.

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INUIT UK & EXPERIAN

Intuit UK and Experian have announced a partnership to provide clients
with consumer credit reporting and financial status. The service will be
available with QuickBooks Pro, QuickBooks Accountant or QuickBooks
Premier software to provide Experian’s credit score and credit limit
reports
on UK companies. According to experts, UK companies write off an
annual average of GBP14,000 each in bad debts with estimates that more
than a half of these companies suffer from these delayed payments, which
total over GBP16 billion.

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Encore Capital Q3 Revenues Rise 4%

San Diego-based Encore Capital reports third quarter net income of $5.4 million compared to net income of $5.2 million. Revenues from receivable portfolios were $59.4 million, a 4% increase over the $57.2 million in the same period of the prior year. Revenues from bankruptcy servicing were $3.3 million, compared to $3.4 million for 3Q/06. Investments in receivable portfolios were $47.9 million to purchase $1.3 billion in face value of debt, compared to $32.3 million to purchase $1.1 billion in face value of debt in the same period of the prior year. Last month, Encore added two independent directors to its Board and several cost savings initiatives aimed at reducing both its overall cost per dollar collected and its bankruptcy servicing operating expenses. George Lund and Warren Wilcox have joined the Board and Barry Barkley and Alexander Lemond will retire from the Board as of the annual stockholders meeting on October 30. For complete details on Encore Capital’s latest results visit CardData ([www.carddata.com][1]).

ENCORE CAPITAL REVENUES
3Q/06: $57.2 million
4Q/06: $65.0 million
1Q/07: $62.2 million
2Q/07: $64.0 million
3Q/07: $59.4 million
Source: CardData (www.carddata.com)

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

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DEUTCHE CARD PERSONALIZATION

The first of its kind to do so, the Deutsche Bank has launched a
solution that allows customers to personalize the image on their
debit cards under three categories;”zodiac series,” “Deutsche
Bank traveling logo series” and the “Incredible India series”.
The latter of the categories is a series launched in conjunction with
the Union Tourism Ministry to provide landscape scenes of India
provided by the “Incredible India campaign.” Aside from the
aesthetics of the card, Deutsche Bank debit cards offer flexibility
on ATM and POS transactions at 26 million Visa merchant
establishments and over 1 million Visa ATM locations. Furthermore,
the bank offers rewards programs for its gold debit card program.

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