FDC & POLCARD

First Data International has completed the acquisition of the Polish
merchant acquirer and card processor, POLCARD S.A., and its 245
employees. This development gives First Data an advantage in this
developing market, with a 58% increase in payment cards issued between
2003 and 2006. This is part of First Data’s efforts to extend relations to
merchants and financial institutions in Central and Eastern Europe. First
Data International Serves over 5 million merchant locations, 1,900 card
issuers, has 7,900 employees and operates across Europe, The Middle
East, Africa, Latin America, Canada, Australia and Asia-Pacific.

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Smart Circle Targets Card ISOs and Processors

Referral marketer Smart Circle International has launched a new program specifically designed for credit card processors and independent sales organizations. Merchants who partner with a certified Smart Circle partner processor or ISO will be able to use their credit card terminals to process and redeem Smart Circle Cards, special value cards offering discounts on consumer products, services and activities with the capability to process a new category of coupon cards the same way they read credit and gift cards. The Smart Circle reaches more than 30 million consumers a year on behalf of merchants. The Smart Circle’s key business model creates customized consumer promotions which feature special value offerings and incentives and then presents them to customers in the form of a Smart Circle Card through its network of more than 50,000 professionally-trained field representatives.

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BANCO SANTANDER & WIN NIX

Banco Santander Santiago has signed agreements to implement Wincor
Nixdorf software for 320 ATMs. This brings the total number of Banco
Santander Santiago ATMs using Wincor Nixdorf software to 1100,
expands their software presence in Latin America, and will be complete by
December, 2007. This development is also consistent with the bank’s
goal of reducing teller-window traffic by allowing customers to do more
self-service banking with the machines, which will use contactless card
readers. Also, for public transportation fares, customers can reload their
fare cards for use on local trains, subways and buses. With 350 branches
and 8000 employees, Banco Santander Santiago has an installed base of
1700 ATMs in Chile.

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Amazon & Best Buy Rank as Best E-Tailers

A new research report reveals that Amazon.com and Best Buy both were ranked as the #1 sites with the best overall e-tailer ranking across 250+ customer experience metrics. Keynote Systems says Amazon.com was the top ranked site in terms of search satisfaction, and one of the top ranked sites in six of nine key categories including price satisfaction, product research and overall site navigation and organization. Best Buy showed the most significant gains in online customer experience over the past year and was the number one ranked site in terms of pure customer satisfaction. Best Buy also ranked in the top echelon in seven of the nine key categories contributing to a quality online customer experience, including the ease of the purchasing process and customer support. The site’s most significant gains came in search satisfaction. The study provides an in-depth examination of the online customer experience and service levels (site responsiveness and reliability) of a dozen leading electronics retailer Web sites, including Amazon.com, Best Buy, Circuit City, Dell, Target and Wal-Mart.

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VISA LAC

For the VISA International Latin American & CARIBBEAN Region (LAC),
POS credit card volume has increased by 26% over the past year thanks to
a 37% rise in the number of credit cards. Prepaid & debit card transactions
have also increased by 25% over the same period. Experts suggest this
increase in electronic transactions is not only good for the cards &
banks, but
for peripheral services, such as the electronic system, and the overall
economy.
The increase reflects a drive in deposits and an acceleration in the
flow of funds
to improve liquidity citing that, for each dollar deposited in a bank,
it generates
10 to 15 more dollars in credit.

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eCommerce Fraud to Top $9 Billion in 2007

A new study says that eCommerce fraud is projected to cost businesses $9.25 billion in 2007, but the cost of managing fraud actually exceeds the cost of fraud itself by as much as 300%. NY-based preCharge Risk Management Solutions says its survey of nearly 2,000 online merchants showed that while overall growth in the industry is up and charge-back rates have declined, there’s more going on than meets the eye. The Company says it is the only forum where merchants have been given the opportunity to collectively speak their mind, and the results suggest some of the trends are not favorable.

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FIS & BANK OF THE ORIENT

Fidelity National Information Services (FIS) has signed a multi-year
agreement with Bank of the Orient to support operations in China with
Chinese language software, hardware and onsite management. Using the
FIS “AllProfits” software line, Bank of the Orient will apply its customer
support, deposits, lending and financial management systems. Bank of the
Orient has 150 employees and assets of more than $650 million. FIS has
processing and technology relationships with 35 of the top 50 global banks
and serves more than 7,800 financial institutions in more than 60 countries
worldwide.

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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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