MAYBANK ATMS

Maybank has installed its 2000th ATM at a Caltex petrol station, the
67th since 1999 and a symbol of the bank’s large ATM network. Along
with this landmark ATM was installed a Maybank “Cash Deposit
Machine”, part of an effort to provide banking services to its customers
during off hours. Furthermore, the bank plans on installing an additional 40
ATMs before 2008 and is expanding on delivery channels to enhance
its banking service and customer convenience.

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Creditcards.com Named to the Inc. 500

Austin, TX-based venture fund Austin Ventures reported that CreditCards.com, headed by Bankrate.com’s former CEO Elisabeth DeMarse, has been elected to Inc. Magazine’s “26th annual Inc. 500 list,” ranking #205.CreditCards.com allows consumers to compare credit card offers from national card issuers and apply securely online for the card that best suits their needs. Credit card offers are organized by issuer, credit quality and popular card segments like low interest, rewards, students and business. The site also provides consumer resources including calculators, a credit card recommender and an extensive library of articles related to credit cards.

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MOBILIANS EXEC

Mobilians International has appointed Barry S. Toser as executive
vice president of corporate development to oversee “MobiCash”
development, a solution that provides customers with a secure online
purchasing channel through cell phones. Toser brings to the company
over 25 years in the telecom industry, most recently with the Telecom
Services Division at Transaction Network Services (TNS) as VP &
GM. He was also a member of the Board of Directors and executive
VP while at GlobalNet International and held leadership positions with
Teleglobe, Viatel, Cable & Wireless, and Sprint. Mobilians provides
online and mobile payment to customers, holds a 50% market share,
processes millions of transactions monthly, works with thousands of
online merchants and all the major mobile phone carriers.

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Chase Adds More Flexibility to Freedom Card

Chase Card Services beefed-up its “Chase Freedom” credit cards offering triple rewards that are automatically adjusted based on consumers’ actual, month-to-month, everyday spending patterns. Chase says the card, launched one-year ago, is its most successful proprietary card released to-date. Under the program customers have the freedom to choose and change between cash back and reward points. “Chase Freedom” customers earn triple cash back or reward points in their top three of 15 everyday categories, including: gas stations/convenience stores; grocery stores; department stores; drug stores; fast food and quick service restaurants; movie theaters; movie rentals; dry cleaners; health clubs &. gym memberships; beauty salons and spas; pet supply stores and veterinarians; mass transit and local commuter expenses; telecommunications; utilities; and cable/satellite TV and Internet bills. Chase Freedom is also blink-enabled.

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WINCOR NIXDORF ATMS

Wincor Nixdorf has begun producing an ATM mostly developed in
Singapore, hailing the company’s global expansion. With this, the
company is also projecting a net sales growth in Africa, Asia and
the Pacific regions from 286 Million USD by 30%, for the up-coming
fiscal year. Because Asia is Wincor Nixdorf’s fastest growing market for
hardware, software and service, the company will be the first in the
market to expand operations into India as of October 1st, 2007. The
company sees this strategy as a means of getting a jump on the
competition and thus a higher market share.

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New Firm Introduces IdentityTruth.com

MA-based IdentityTruth has launched an all-encompassing service that provides consumers with the earliest possible notification in advance of a potential identity misuse. “IdentityTruth.com” reviews billions of data points from many different sources, well beyond credit cards alone, to notify consumers in advance of potential identity misuses so they can take control. IdentityTruth combines in real-time detected suspicious activities, fraud schemes, credit requests, related data breaches, and the individual’s specific profile to offer a more complete picture of a consumer’s identity risk. It reports suspicious events in the past, predicts possible frauds that could impact the individual in the future, delivers on-going alerts about any changes to the individual’s credit and identity profile, and reports on any related regionalized data breach that could have impacted the individual’s identity. the company is charging $9.99 per month for its premium service. IdentityTruth investors include Argonaut Ventures and Stata Venture Partners.

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VoyenceControl PCI Advisor Rolls-Out

Richardson, TX-based Voyence has rolled-out its first product in a new “Compliance Advisory Series.” “VoyenceControl PCI Advisor” ensures that network devices adhere to the “Payment Card Industry Data Security Standard.” VoyenceControl automatically maps change and configuration data to each PCI mandate for a clear view into compliance of the state of network behavior. The new offering also eases audits with in-depth reports detailing how network devices adhere to each PCI DSS requirement. Voyence also has been accepted as a “Participating Organization” of the “PCI Security Standards Council.”

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Datacard Rolls-Out the Artista VHD Module

MN-based Datacard Group announced the “Artista VHD” re-transfer color printing module for its “MX6000” card issuance system,, which delivers full-color card printing with 600 dpi image quality inline with an array of advanced card personalization capabilities, and 1,500 cards per hour. On-demand color card printing effectively eliminates the need to preprint cards – a process that can consume weeks of valuable production time. With this module, issuers can load blank white cards into the MX6000 system and rapidly produce an entire run of individually distinct cards just as quickly as the same size batch of identical cards. Datacard Group offers the world’s best-selling secure ID and card personalization solutions.

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Target Credit Cards Get a Credit Downgrade

NY-based Fitch Ratings reports it has placed Target’s credit ratings on “Rating Watch Negative” after the Company announced plans to divest its credit card portfolio. These actions follow the company’s announcement that it will review ownership alternatives for its credit card receivables as well as re-evaluate its use of debt in its capital structure and its pace of current and future share repurchases. Target has retained Goldman Sachs as its advisor and expects to complete these reviews by the end of December 2007.Fitch views these actions as a possible shift in its financial strategy. Of importance in resolving the Rating Watch Negative will be the amount and use of proceeds from a sale of the credit card receivables portfolio, the terms of any on-going agreement between Target and the potential acquirer and the changes in the company’s capital structure.

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PayPass Spreads to Credit Union Issuers

MasterCard’s “PayPass” contactless technology has passed the 16 million milestone for its “PayPass” cards and devices issued globally, and is now accepted at more than 55,000 merchant locations. Today, Harvard University Employees Credit Union has begun issuing “Debit MasterCard” cards enabled with the “PayPass” payment functionality. This is the first credit union to announce that it is issuing “PayPass”-enabled payment cards. Metavante is the processor for Harvard University Employees Credit Union. Last week, MasterCard announced that specialty retailer PETCO Animal Supplies agreed to accept “MasterCard PayPass” at all of its nearly 900 stores in the USA.

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TransUnion Finds Parental Concern Over Debt

Chicago-based TransUnion recently commissioned Zoomerang to survey two distinct groups of consumers about the age-group’s debt management skills and found that 63% of parents surveyed say they are “concerned” or “very concerned” about their 18-24 year-old children’s ability to manage debt and that 54% of young adults in this age range also say they are “concerned” or “very concerned” about their own debt management abilities. Among the parents surveyed, some of the common concerns expressed include: children expecting too much too soon and the future implications of their credit management. For the young adults, issues include: paying back student loans and the ability to buy a home. This study was conducted in partnership with “MarketTools”, a leading research organization, using their Zoomerang online survey software and nationally representative consumer panel that consists of over 3 million opt-in participants in the United States. TransUnion’s TrueCredit.com has helped millions of consumers manage their own credit health.

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