ANZ SOLAR ATMS

As of part its new Solomon Islands Government partnership, ANZ has
announced the deployment of 6 solar-powered ATMs, according to the
Solomon Star. The ATMs
will be deployed in Kirakira, Tulagi, Buala, Taro, Lata and Munda in
conjunction with the opening of 2 mobile rural banks. Since the bank
began opening the rural banks in November, over 8,000 accounts have
been opened, allowing rural consumers access to such resources as
personal saving accounts and micro-finance loans to start their own
businesses.

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Intersections’ 2Q/07 Revenues Soar 43.5%

VA-based identity management solutions specialist Intersections reported revenue for the second quarter of $65.1 million, a 43.5% increase over 2Q/06. Net income for the quarter was $1.3 million, compared to $484,000 for the first quarter but down 51.4% from the year ago quarter. The Company says top line growth in its Consumer Products and Services segment drove the revenue increase. Total subscribers increased to approximately 4.85 million as of June 30th, compared to approximately 4.63 million subscribers as of year-end 2006. Subscription revenue, net of marketing and commissions associated with subscription revenue, increased to $35.1 million for the second quarter, a 34.1% jump. For more information on Intersections’ second quarter performance visit CardData ([www.carddata.com][1]).

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

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Online Credit Card Payments Jump 27% in 2006

A new survey has found that the number of online credit card payments has grown 73% since 2004 to 524 million. The study also found that customers visited their issuer’s site 57% more often to service their accounts in 2006 than in 2005. This follows a 55% rise in 2005 over 2004. The comScore research found that 63% of credit card users find online servicing important to their overall experience with their credit card. Sixty-nine percent of all customers have logged into their credit card website at some point in time and 58% of online customers log in more than once a month. Among customers for whom online servicing is important, viewing online statements, paying credit card bills, and disputing charges were cited as the most important online services. Additionally, the comScore survey revealed that 62% of credit card users are either already using paperless credit card statements or are willing to use the service.

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Fintura Names a Chief Information Officer

Atlanta-based Fintura has appointed Ravi Raghavan, previously with Equifax, as CIO. Raghavan is responsible for the strategic vision and operational direction of the technology infrastructure at Fintura. Prior to joining the company, he served in leadership and management roles at Equifax, Inc. including work on strategic corporate green-field technology initiatives that developed consumer/commercial credit-based products for the financial services industry as well as compliance products in support of the U.S. Patriot Act for the brokerage industry. Raghavan, a former research scientist with USRA/NASA, has co-authored more than 20 scientific papers in leading peer-reviewed scientific journals and international conferences. He holds MS and PhD degrees in Electrical Engineering from Colorado State University as well as a MS in Computer Science from the University of Alabama in Huntsville. Fintura is an account origination and portfolio management company.

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Barclays Names a New U.S. Credit Card COO

Barclays has promoted Joe Purzycki to the position of Chief Operating Officer for its U.S. credit card business. Purzycki has served as the Managing Director for customer care and bank operations since August 2005. Previously, Purzycki held various senior management positions with leading banks and credit card issuers such as MBNA, First USA, and Chase. Most recently, he served four years as head of new business development and sales for Chase Card Services. In 2000 and 2001, he also served as Chief Administrative Officer for Juniper Bank, prior to its acquisition by Barclays.

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Merchant e-Solutions Unveils its New GAP

CA-based Merchant e-Solutions has introduced the “MeS Global Acquiring Platform” which enables MeS merchants who have international customers to accept payments in the local currency of their customers. The Company also announced that support for card present transactions has been added to the “MeS Virtual Terminal.” Through the “MeS Global Acquiring Platform,” merchants can process transactions in Euros, Pounds, Canadian Dollars, and dozens of other currencies. “GAP” also provides local direct debit and bank transfers in addition to “Switch/Solo,” “Giropay,” and “Maestro,” increasing a merchant’s reach to millions of international consumers who might otherwise shop elsewhere. The “MeS Virtual Terminal” is a browser-based, e-commerce solution using broadband communications to process merchants’ card present and card-not-present transactions.

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mFoundry and FDC Team Up for M-Solutions

First Data and CA-based mobile platform provider mFoundry have teamed up to work together to deliver mobile banking and payment services to mobile subscribers. mFoundry’s “Spotlight Financial Platform” is intended to provide the technology necessary to bring a wide array of financial services to U.S. and international markets. In the relationship, First Data plans to offer the full “Spotlight mBanking” solution to the financial institution community. As a component of this relationship, First Data’s STAR Network and mFoundry expect to offer mobile banking opportunities to more than 5,400 financial institutions, giving STAR member organizations the ability to offer those capabilities to their customers in an easy, cost-effective way.

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Pemco Signs an Alaskan Bank for Debit Cards

AK-based First Bank has selected Pemco Technologies for MasterCard Signature Debit processing. The institution will also use Pemco’s fraud management services. First Bank has assets of $386 million and more than 10,000 account holders throughout southeast Alaska. Pemco Technologies provides innovative payment solutions to the financial industry including credit signature processing; debit signature processing; PIN-based processing; ATM services; cardholder award programs; fraud management, detection, and prevention; and gift card programs.

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BB&T Plans an August Payroll Card Webinar

BB&T is hosting a free educational webinar to help businesses understand and explore new developments in the payments industry. “Electronifying the HR Process: Payroll, FSA and HSA cards” will be presented by retail and card payment expert Scott Qualls, a senior vice president and manager in BB&T’s Payment Solutions division. Participants will learn why businesses are migrating from expensive paper-based payroll and benefit processes to electronic services; what are payroll, flexible spending account (FSA) or health savings account (HSA) cards and how these products and processes can benefit businesses of all sizes. The webinar is approved for up to one CTP/CCM recertification credit(s) by the Association for Financial Professionals. BB&T operates 1,507 financial centers and 2,068 ATMs with $127.6 billion in assets.

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GCA Q2 Revenues Up 13%; Arriva Gains Traction

Las Vegas-based casino cash specialist, Global Cash Access, posted record second quarter revenues of $151.5 million, a 13.4% jump on 2Q/06. The Company’s new “Arriva Card” hit $8.4 million in transaction volume during the second quarter and topped 7,300 accounts. GCA noted that same store surcharge revenue was up 9.8%, cash advance dollars disbursed were up 16.9% and ATM transaction volume climbed 8.9%. Cash advance revenues were up 15.3% to $79.7 million. ATM revenues increased 11.9% to $61.1 million. Check services revenues were $7.5 million, an increase of 0.4%. Central Credit and other revenues increased 35.8% to $3.2 million. Revenues from the “Arriva Card” in the second quarter were $0.7 million. Cost of revenues (exclusive of depreciation and amortization) in the second quarter were $1.2 million and operating expenses for “Arriva” in the quarter were $0.6 million. Operating loss from “Arriva” operations was $1.2 million. For the third quarter, the Company currently expects revenues in a range of $160 to $165 million. For more details on GCA’s second quarter performance visit CardData ([www.carddata.com][1]).

GCA REVENUE HISTORICAL
2Q/06: $133.6 million
3Q/06: $142.9 million
4Q/06: $141.9 million
1Q/07: $148.7 million
2Q/07: $151.5 million
Source: CardData (www.carddata.com)

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

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Encore’s Receivable Portfolio Revenues Up 7%

San Diego-based debt buyer, Encore Capital Group, posted a net second quarter loss of $0.8 million, compared to net income of $7.5 million in the same period of the prior year. The loss was related to an agreement reached with the Company’s previous lender to pay off all future contingent interest. However, revenues from receivable portfolios were $64.0 million, a 7% increase from 2Q/06. Gross collections were up 18% to $93.6 million. Revenues from bankruptcy servicing were $3.2 million, compared to $6.2 million in the same period of the prior year. ECG says investments in receivable portfolios were $41.1 million to purchase $1.3 billion in face value of debt, compared to $21.3 million to purchase $594 million in face value of debt in the same period of the prior year. For more details on Encore Capital Group’s second quarter performance visit CardData ([www.carddata.com][1]).

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

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AMDOCS & BANKINTER COLLABORATION

Amdocs & Bankinter have jointly introduced a mobile banking service.
Under the agreement, Amdoc Mobile Banking will be installed at
Bankinter giving banks a customer communication channel with alerts
of sales offers and access to manage accounts through mobile phones.
An Amdocs survey of more than 600 U.S. consumers reflected that over
50% of respondents between the ages of 18 and 34 showed approval of
the mobile banking solution. The solution uses the SMS channel for two-
way conversations with customers, development alerts, and allows banking
transactions through a mobile Internet interface. The solution also allows
consumers to conduct stock market transactions, allows banks to automate
the authentication and execution process,and provides a Campaign
Management component for bank products. Bankinter is a multichannel
bank that provides customers with institution relation solutions. Amdocs had
a 2006 revenue of $2.48 billion, over 16,000 employees and serves
customers in more than 50 countries.

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