Kabira and Torry Harris Team for M-Payments

Kabira Technologies’ service provider Torry Harris Business Solutions will extend its staff of Kabira developers to apply its proven delivery model to new telecommunications and financial services customers in the US. Kabira is a provider of the design and development of high availability transaction processing systems. Kabira systems provide high-performance billing and service delivery platforms for the global telecommunications industry as well as the US and Japanese credit-card processing industries. Torry Harris specializes in integration, distributed computing and transactional systems.

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SCM MICROSYSTEMS CEO

SCM Microsystems has appointed Felix Marx as CEO to be managing
director of the company’s subsidiary, SCM Microsystems GmbH, effective
November 1, 2007. Marx’ education includes a bachelor’s degree in
engineering
from the Technical Academy in Vienna and a Master of Advanced Studies in
Knowledge Management from Danube University in Austria. Professional
experience consists of having been General Manager of NXP’s Near Field
Communication (NFC) business, GM of NXP’s Contactless & Embedded
Security business, and experience in the data and voice networking sector
for Global One Telecommunications and Ericsson. SCM Microsystems
develops, markets and sells a range of smart card reader technology
solutions
for PC, network and physical access.

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Chevron Rolls-Out a Special Havoline Card

Chevron Products introduced its special limited edition gift card carrying the image of No. 42 Texaco/Havoline rookie race car and driver Juan Pablo Montoya in celebration of Texaco’s 20th anniversary as a racing sponsor. The limited edition Texaco/Havoline gift cards are accepted at all Texaco and Chevron stations. Designed to build customer loyalty and offer a convenient payment method, the electronic gift cards enable consumers to pay in advance for future purchases of Chevron and Texaco products. Consumers can use the gift cards to purchase gas, snacks and services conveniently at the gas pump or inside retail stores at both Chevron and Texaco stations. The Texaco/Havoline branded gift cards are now available for purchase in denominations up to $100 at participating Texaco stations or online at www.texaco.com.

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CITIBANK CHINA ATM

Citibank China has announced the introduction of a Drive-Thru ATM in
Beijing, a first in the East-Asian Country. With 20 branches and 95 on
and off-site ATMs in 7 cities throughout China, Citi is developing
solutions
to increase the quantity of ATMs and ways of making them more accessible.
Citibank has been doing business in China for over 100 years, has a total of
over 200 million customer accounts and does business in more than 100
countries.

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Vaultid Card Gets Ready for Prime Time

Vaultid has successfully engineered and tested a fully functional prototype of its “Vaultid Card”, a credit card that uses a computer chip, biometric fingerprint sensor and dynamic account numbering to protect users from identity theft The Vaultid Card only works after users pass their fingers over the sensor and the card’s microchip confirms their identity. Once the user’s identity is confirmed, the card displays a unique account number that’s transmitted along a secure merchant network via radio frequency identification technology. The unique number allows users to complete their transactions. Vaultid Cards can generate up to 10,000 unique account numbers before repeating a number. Vaultid LLC provides identity-theft solutions to banks, government agencies and various businesses.

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NCR’s Second Quarter ATM Revenues Rise 11%

NCR reported that second quarter revenue for its ATM business was $380 million, an 11% gain compared to one-year ago. The ATM segment was driven by strong revenue growth in Europe and Asia which outpaced a revenue decline in the Americas region and led to the year-over-year revenue increase. Operating income of $47 million increased from the $31 million generated in the second quarter of 2006 as higher volume and the benefit of currency translation more than offset an unfavorable shift in geographic revenue mix. Retail Store Automation reported revenue of $221 million and operating income of $8 million, the same as generated in the second quarter of last year. NCR expects its 2007 GAAP earnings to be $2.21 to $2.31 per share. For complete details on NCR’s current and past performance, visit CardData ([www.carddata.com][1])

NCR ATM REVENUE HISTORICAL
2Q/06: $343 million
3Q/06: $349 million
4Q/06: $472 million
1Q/07: $312 million
2Q/07: $380 million
Source: CardData (www.carddata.com)

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

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MasterCard Approves Hypercom’s Optimum T4200

Hypercom Corporation announced that its new IP-enabled Optimum T4200 platform has gained approval under MasterCard Worldwide’s Payment Terminal Security Program. To earn MasterCard’s approval, the products passed tests demonstrating that they protect transaction and cardholder data exchanged between the terminals and servers that the terminals communicate with, using encryption algorithms approved by MasterCard to guard against attacks such as eavesdropping, traffic injection, or device masquerading. The tests were conducted by an independent, accredited lab recognized by MasterCard. The results were reviewed by MasterCard before the approvals were granted. Hypercom Corporation is a provider of high security, end-to-end electronic payment products and services.

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MasterCard Q2 Revenue Climbs 18% Nears $1B

MasterCard posted record net income of more than $252 million for the second quarter compared to a $310 million loss one-year ago, as net revenues climbed 18% to $997 million. In the prior quarter, MasterCard earned $215 million on revenues of $915 million. Gross dollar volume climbed 13% for 2Q/07 to $555 billion and worldwide purchase volume increased 15% to $414 billion. As of June 30th, the Company’s customers had issued 855 million MasterCard cards, an increase of 11% over the same period in 2006. General & Administrative Expenses rose 18% to $431.5 million. However, Advertising & Market Development Expenses declined about 13% to $268.3 million. Total operating expenses increased 3.2%, to $725 million in the second quarter compared to the same period in 2006. For complete details on MasterCard’s second quarter performance, visit CardData ([www.carddata.com][1]).

MASTERCARD HISTORICAL ($ millions)
2Q/06 3Q/06 4Q/06 1Q/07 2Q/07
G&A: $365.2 $392.1 $399.3 $398.5 $431.5
A&M: $307.1 $290.2 $352.9 $178.5 $268.3
Net Income: ($310.5) $193.0 $ 40.9 $214.9 $252.3
Note: G&A: General & Administrative Expenses;
A&M: Advertising & Market Development Expenses.
Source: CardData (www.carddata.com)

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

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Simplefy to Offer FDC POS Value Exchange

Simplefy has entered into an agreement with First Data to begin offering the First Data “POS Value Exchange” solution. “POS Value Exchange” replaces a cash register and traditional point-of-sale terminal with a computer-based system that delivers a complete store management solution with greater information security, speed of transactions and more flexible payment options for customers. POS Value Exchange leverages three companies’ core competencies: 1) First Data’s payment processing power for virtually all forms of payment, from credit and debit to gift cards and checks; 2) Microsoft Dynamics – Point of Sale 2.0 software from Microsoft designed to manage inventory, track sales and improve customer management; and 3) a rugged, retail-specific point of sale hardware solution from HP. Simplefy is global provider of Point of Sale solutions with 1.5 billion dollars in credit card processing under management.

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Credit Manager’s Index Heads South in July

A monthly survey of the business economy shows that the housing market is continuing to be a major drag on the economy. The seasonally adjusted “Credit Manager’s Index” fell 1.2% in July, the first decline in four months. The report showed that eight of the 10 components in the “Index” fell. On a year-over-year basis, the combined “Index” fell 1.6% to 56.0. The manufacturing sector dropped 1.7% on a seasonally adjusted basis as seven of the 10 components of the index fell. The service sector fell 0.7% on a seasonally adjusted basis as five of 10 components fell. The CMI survey asks credit managers to rate favorable and unfavorable factors in their monthly business cycle.

Credit Manager’s Index
Jul 06: 57.6
Aug 06: 57.3
Sep 06: 57.1
Oct 06: 55.3
Nov 06: 55.2
Dec 06: 54.7
Jan 07: 57.2
Feb 07: 56.6
Mar 07: 55.0
Apr 07: 56.6
May 07: 56.7
Jun 07: 57.2
Jul 07: 56.0
Source: National Association of Credit Management

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Shareholders Approve the First Data/KKR Merger

First Data announced that its shareholders approved the merger agreement with an affiliate of Kohlberg Kravis Roberts & Co. (KKR) with over 98% were cast in favor of the merger. Upon the closing of the merger, the Company’s shareholders will be entitled to receive $34.00 in cash, without interest, for each share of First Data common stock held. First Data is a provider of electronic commerce and payment solutions for businesses worldwide.

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SILVER PREPAID CARD

TSYS Europe and Lloyds TSB have rolled-out a new money transfer card in the UK. The new “Silver” account from Lloyds TSB includes a money transfer prepaid product, aimed particularly at the growing number of newly arrived migrants living and working in the U.K. Both firms said they launched one of the quickest prepaid products to market by a major bank. TSYS says the “Silver” account was launched on April 23rd and initial customer response has been fantastic.

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