PCI Security Council Names Advisors

To promote financial discipline among credit card users, Bank Negara
Malaysia has implemented a tiered pricing structure. Based on findings,
including one-third of credit cardholders use their credit cards as a
payment instrument and that over half of cardholders pay only the
minimum amount due, the bank has implemented this structure to be
effective July 1, 2008. For cardholders whom pay credit card balances
with every cycle for 12 consecutive months, the finance charge will be
15% per annum. The ceiling rate of 18%, however, will apply to others.
Also, as part of the promotion of good spending habits, the bank is
encouraging the use of debit/ATM cards by enabling their 15.4 million
ATM cardholders to use their ATM cards to eventually make purchases
at participating merchants. This development should be complete by
2008.

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INSIDE AWARD

Frost & Sullivan has awarded Inside Contactless with the 2007 Global
Award for Industry Innovation and Advancement in the field of contactless
technologies. The decision was made citing Inside Contactless’ strong
NFC products and service, advancement of the industry through research,
strategy development and the ability to conceptualize industry activities.
A few of INSIDE contactless’ products include ‘PicoRead’ and ‘MicroRead’
designed to offer integration of contactless chips into devices and meet
international standard protocols. Inside Contactless is a leader of
contactless
payment market with over 20 million chip platforms and more than 12 leading
bank card issuers. The Frost & Sullivan Award for Industry Innovation and
Advancement is awarded annually to industry leaders whom demonstrate
business strategy, technological innovation and research.

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Orlandi Valuta & Vigo Implement Remittance

Diebold Inc will be expanding manufacturing, services support, software
development and sales and marketing activities. This is marked by the
recent introduction of the company’s new security solutions including the
“Diebold 450” compact ATM, ergonomics, branch transformation, check
truncation, check imaging and end-to-end payment solutions. This
expansion of operations also includes Diebold’s 24-hour customer support
center to service the India region. The company employs over 15,000
and is represented in 90 countries. Diebold reported a revenue of $2.9
billion in 2006.

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EMV Means Expansion For Datacard

Deltathree’s Hosted Consumer VoIP Solution has enhanced its payment
method component for service providers. This development equates
enhanced support for payment methods and services, including
multi-currency payments, electronic check, European Direct Debit and
advanced Paypal capabilities. This service offers a variety of payment
methods and allows companies to receive payments in many different
currencies and will be implemented by deltathree’s consumer group,
“joip”. deltathree, Inc. provides integrated Voice over Internet Protocol
(VoIP) and offers Internet telephony solutions as alternatives to
traditional
telephone services. The company supports hundreds of thousands of
users around the world through 2 primary distribution channels: the
Service
Provider / Reseller channel and the direct- to-consumer channel.

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BLOOMBERG EUROZONE

The Bloomberg Eurozone Retail Purchasing Managers’ Index (“PMI(R)”)
fell from 48.4 in May to 48.2 in June. The index reflects economic
conditions
in the euro area retail sector based on a mid-month survey of companies one
month ahead of government issued figures. The latest Eurozone PMI shows
falling sales at the fastest rate since January and Italy with the
fastest decline,
falling from 47.7 to 46.5. Italy’s decline was followed by France with a
fall in
sales for the first time since March 2006 of 50.1 to 48.2 on the index
then by
Germany from 60.1 to 56.3. Other data from the index reflected that
expectations were lowest in the pharmaceuticals sector, followed by
household
goods, autos & fuel. The PMIRs’ retail sector employment showed a change
from 51.3 to 50.9.Bloomberg News employs nearly 2,300 professionals in
over 130 bureaus worldwide and compiles data from 1,000 retail
executives in
Germany, France and Italy to represent 75% of total Eurozone retail sales.

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CONSUMER VACTIONS

Scotiabank has conducted a survey revealing that 50% of Canadians plan
to take vacations in Canada during the summer months of 2007. The
study shows that 61% of the travelers plan to use their credit cards to
fund the trips while 47% plan to use cash. Destinations of choice indicate
the 12% will be visiting Quebec, 11% visiting Ontario, 10% to British
Columbia and 5% are going to Alberta. The average total cost of these
vacations will be around $2600. Scotiabank has 58,000 employees serving
approximately 12 million customers in 50 countries. The bank has $412
billion
in assets.

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VISA INC.

VISA has named Hans Morris as its new President of VISA Inc., effective September 1st. VISA also confirmed that John Coghlan, President and CEO of VISA USA has resigned. Coghlan led the U.S. region of VISA since July 2005. John Partridge, President of Inovant, will assume the expanded responsibilities of interim President of VISA USA. Morris is currently CFO of Citi Markets & Banking, a post he assumed in November 2002. VISA filed SEC IPO documents on Friday and will officially begin conducting business as Visa Inc. following a series of mergers involving Visa Canada, Visa USA and Visa International. Visa Europe will retain its member-owned association structure and will become a licensee of Visa Inc. (CF Library 6/25/07)

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PAYPASS STATISTICS

A recently conducted study by Mastercard Worldwide in collaboration
with Taiwan Mobile and Taipei Fubon Bank has revealed that 75% of
consumers prefer the use of Mastercard’s “PayPass” product in mobile
phones over traditional means. One hundred consumers were given the
NFC enabled Nokia 3220 mobile phone, with “PayPass” embedded, by
Taiwan Mobile to test the product. Other findings of the study include
participants using the Nokia made payments more often in comparison to
traditional contact-based cards, more than 25% whom previously used their
“Paypass” less than 3 times a months began to use it more, more than 40%
expressed preference towards using “e-coupons”, and 67.8% of participants
plan continued use of the product. The Mastercard “PayPass” is accepted
at 51,000 merchants globally and by over 2,000 merchant locations in
Taiwan.

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RESERVE BANK & CONSUMER

The Reserve Bank of New Zealand has reported a slight increase in card
spending as of May 2007. This reflects only a marginal rise in consumer
spending, an area of economic concern as of late. Findings include a 1.1%
increase, to $4.6 billion, in electronic card spending between the months
of April and May, a .1% rise in total consumer spending, and a drop in
core retail spending by .4%. Furthermore, the overall trend was 8.4%
higher in May ’07 than May ’06. These findings reflect waning consumer
confidence despite high employment and rising home prices.

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MERCHANT CONNECT EMV

TD Merchant Services has introduced a “chip ready” POS solution by
Tender Retail called “Merchant Connect EMV”. “Merchant Connect
EMV” allows businesses to connect POS systems to the payment
processor for the acceptance of chip-based cards and ensures
merchants meet requirements of EMV. This is a reflection of
TD Merchant’s foresight concerning the payment industry conversion to
chip technology. Companies implementing the solution can also take
advantage of increased fraud protection, reduced liability for charge
backs, global interoperability, checkout efficiency, transactions at
offline and unattended locations and the elimination of dual receipts.

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CARDTRENDS

Citibank has released a report reflecting the cultural differences in
credit card trends and habits. Findings show that India and China
favor the use of credit cards as ID, Malaysians and Australians
oppose using cards as ID, 3.5% of Australians use cards over 20
times per week, and 81% of South Koreans pay off credit card in
full every month. Other findings reflect that Australians have 2.1 cards
each, Malaysians have an average of 3.26 cards, Australians use their
cards an average of 5.4 times per week, 60% of those in India and
Indonesia use their card once or twice per week, and 65% of South
Koreans use their credit card more often than cash/debit reflecting a
41% increase in credit card usage. Citi has nearly 200 million customer
accounts and does business in more than 100 countries.

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MELLON GROUP

For 2006, the Mellon Group has announced a 50% increase in
consolidated revenue of 50 million euro and consolidated earnings of 1.3
million euro. This is in conjunction with Mellon Groups’ parent company,
Mellon Technologies, reporting a 48% revenue growth to 20 million euro
and profit tripling that of 2005. This company growth is due in large part to the company’s expansion outside the Balkans to Poland and into Egypt. Also contributing to this growth is the group’s acquisition of OCCO. Composed of 15 different companies and employing nearly 2000,
Mellon processes transactions for many different organizations throughout Europe.

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