3RD MAN SUPERSEARCH

The 3rd man has established “SuperSearch”, a service allowing retailers
to share information regarding fraudulent activity. If a transaction is
rejected when conducted by a “SuperSearch” user, this information is
made available to all users and subsequently can prevent any further
attempts of fraud. This database scans 10 million transactions per month
and is composed of questionable details that may signal fraud such as email
addresses, delivery addresses, phone numbers and card numbers. In the
UK, The 3rd Man projects the prevention of between GBP 10-15million
per month in fraud for 2008 and an estimated GBP 20million saved over the 2007 Christmas period.

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TX AG Sues Firm for Dumping ID Info

The Texas AG has filed lawsuits against Minnesota-based Lifetime Fitness and its subsidiaries for systematically exposing its customers to identity theft. Investigators with the Office of the Attorney General discovered that several Life Time Fitness facilities in the Metroplex area exposed customers’ personal identifying information by discarding customer records in easily accessible trash cans behind the stores. According to investigators, the records included names, addresses, Social Security and driver’s license numbers, and credit and debit card information. Because the defendants offer child care and youth recreational facilities, the discarded documents also included names and dates of birth of several minors.

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NXGEN EXEC

NXGEN Payment Services has appointed Michael Jaffe, one of the
company’s founders, as Vice President of Global Marketing and New
Programs. Jaffe has more than 10 years experience in the banking industry
and, with this promotion, he will be working directly under the company
COO, Giuseppe Caltabiano, responsible for business expansion.
NXGEN is a multi-national provider of credit card processing in the
United States and Canada and is a registered Merchant Service Provider
(MSP) with CynergyData through Bank of America.

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Triton Intros a New Stand-Alone ATM

MS-based ATM manufacturer Triton announced the production launch of the an affordable, feature-rich stand-alone ATM. The new “RL2000” design is based on Microsoft’s “Windows” operating system and Triton’s “X2″ mainboard. The new ATM has increased memory capacity allowing for greater storage of journal data and advertising components. It also includes a standard 5.7″ VGA resolution color display or an optional 8” VGA resolution color display that supports improved advertising and screen customizing capabilities. Optional backlit high-topper or mid-topper signs are also available which improve the visibility of the ATM, ultimately leading to an increase in transaction volume.

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MASHREQ & HYPERCOM

Mashreq Bank will be deploying the Hypercom “Optimum M4100”
transaction terminal, also known as “The Blade”. Distributed by
Computer Network Systems (CNS), “The Blade” is a 32-bit wireless
signature capture device that is battery operated and requires no external modem, designed for the authorization of credit and debit card
transactions. Mashreq Bank serves 50% of households and over
9,000 merchants in the UAE. The bank has 47 Branches throughout the
UAE and Qatar and is among the fastest growing banks in the Middle
East with plans for expansion into Bahrain, India, Egypt, Hong Kong,
the United Kingdom and the United States. Hypercom provides
electronic payment solutions in over 100 countries.

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Wright Express Q2 Income Nearly Doubles

Fuel card specialist Wright Express reported revenue for the second quarter of $86 million a year-on-year increase of 13%. Net income for the second quarter nearly doubled to $18.3 million, compared with 2Q/06. Total fuel transactions processed increased 3% from one-year ago to 63.1 million. Payment processing transactions increased 16% to 53.2 million, and transaction processing transactions decreased 34% to 9.9 million. The average expenditure per payment processing transaction was up 5% to $60.10 from $57.45 for the same period last year. Total MasterCard purchase volume grew 40% to $464.4 million, from 2Q/06. For the third quarter, revenue is expected to be in the range of $83 million to $88 million. For complete details on Wright Express’ second quarter performance, visit CardData ([www.carddata.com][1]).

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

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GreenPay MasterCard is Launched

Another eco-friendly rewards credit card has been introduced, this time by Atlanta-based Fintura Corporation and MetaBank. For every net dollar spent using the “GreenPay MasterCard” credit card, five pounds of CO2 will be retired. For every net dollar spent on gasoline and household utilities, 10 pounds of CO2 will be offset. New cardholders will automatically earn a new account activation bonus equivalent to 10,000 pounds of CO2 offsets-the average annual CO2 emission of a car in the U.S. These offsets will be retired upon the first purchase made using the card. Two weeks ago GE Money launched the “Earth Rewards Platinum MasterCard” that contributes up to one percent of card purchases to buy greenhouse gas emissions offsets. (CF Library 7/25/07)

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Contactless Leader Draws More Investors

Contactless specialist ViVOtech has picked up NCR as a new investor as it raised more than $22 million in its third round of funding. First Data lead the new funding which also included new investors Miven Venture Partners and one undisclosed Fortune 500 company. Return investors in the Series C round included Alloy Ventures, DFJ Gotham, Draper Fisher Jurveston, and Nokia Growth Partners. ViVOtech has more than 280,000 NFC units in 25 countries including movie theaters, QSR, casual dining establishments, convenience stores, gas stations, drug stores, grocery stores, buses, taxicabs, kiosks and vending machines. NCR says it will use ViVOtech contactless payment technologies to allow consumers to make contactless payments with RF-enabled credit or debit cards and NFC-related mobile phones. Also, NCR and ViVOtech plan to collaborate to enable the inclusion of contactless and NFC mobile transaction technology in NCR’s next-generation platforms for a variety of applications.

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Coke Machine PayPass Deployments Expand

The deployment of MasterCard “PayPass” into vending machines is expanding under a new deal with Coca-Cola Enterprises. Up to 7,500 “G-6 e-Port” terminals from USA Technologies will represent the broadest single deployment of the cashless vending terminals to date. The deal more than doubles the number of “e-Port” terminals installed in Coca-Cola system vending machines in the USA. MasterCard says it is beginning to see a steady increase in average purchases across the board in the 6,000 “e-Port MasterCard PayPass” accepting machines that it deployed over the past nine months. Coca-Cola Enterprises will install the new terminals in selected vending machines in the Atlanta, Boston, Chicago, Denver, Las Vegas, Miami, New York and Seattle markets.

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BCP & FIS

Banco de Credito del Peru (BCP) will be implementing Fidelity National
Information Services’ (FIS) “TouchPoint” channel suite, composed of
“TouchPoint Teller”, “TouchPoint Sales and Service”, and “TouchPoint
Deposit Account Opening”. The “TouchPoint” suite will allow BCP to
conduct sales and service through contact centers, the Internet and
relationship managers. BCP has assets of over $8 billion, had 2006 sales
exceed $3.3 billion, and has 237 branch offices throughout Peru.
FIS has partnerships with 35 of the top 50 global banks, serves over
7,800 financial institutions in more than 60 countries, and nearly 50% of
U.S. residential mortgages are processed using the bank’s software.

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NXGEN Payment Services Promotes Jaffe

NXGEN Payment Services, a MSP for both NOVA Information Systems and Cynergy Data, has promoted Michael Jaffe as its VP of Global Marketing and New Programs. Jaffe will be responsible for designing, coordinating and driving to execution products and program to feed the company’s growth both in USA and in Canada while jump starting business in the other countries targeted by the International division of the company. Michael Jaffe has been with NXGEN since its inception and brings more than 10 years experience in the payment and banking industry.

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RBS Lynk Hires a New Credit Risk SVP

Atlanta-based RBS Lynk has hired Michael Campbell, former VP of compliance and fraud investigations, as SVP/Credit. Campbell will head the Credit Risk group which is responsible for RBS Lynk’s credit analysis, credit approval and portfolio management functions. During his tenure with Chase Paymentech, he established a department to manage credit and risk for that organization’s national portfolio and partner programs. Campbell was senior credit officer with Chase Merchant Services prior to its integration with Paymentech. RBS Lynk is a leading, single-source provider of electronic payment processing services.

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