TANGARINE & PEOPLES TRUST

Tangarine has signed agreements with Peoples Trust stipulating the sale
of prepaid Mastercards. Tangarine will be selling the prepaid cards under
the name of “HorizonPlus.” This is in response to the recent termination
of Tangarine’s previous prepaid Mastercard, “MyCard.” “MyCard”
customers will be reissued the “HorizonPlus” card at no additional cost.
Tangarine operates over 8,800 point of sale terminals across Canada
divided between wired (75%) and wireless (25%) terminals.

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MasterCard Embraces Microsoft’s Startup Center

Microsoft has joined with MasterCard Worldwide, FedEx Corporate Services and Bank of America Corp for Microsoft’s “Startup Center”, a business tool for entrepreneurs. An extension of Microsoft’s Small Business Center Web site, “StartUp Center” provides comprehensive advice that people can use to take action to turn a business idea into a legitimate launch. MasterCard Worldwide will provide Startup Center users with access to flexible cash-flow management solutions, business intelligence, and special programs and services. The MasterCard Find-a-Card tool is also available on the Startup Center to provide entrepreneurs with easy access to cash-flow management solutions.

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PRESTO CARD

The Presto smart card is soon to be introduced in the Greater Toronto Area
(GTA) replacing tickets, transfers and passes. With the same dimensions of
a credit card, the Presto’s smart card technology calculates fares for easy
collection. The fare card is pre-paid by the commuter and charged through
card readers on buses, trains, and stations. Trial introductions are being
implemented in July 2007 in the western GTA with implementation across
the entire region expected by 2010.

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EnXnet Multimedia Gift Card Set to Launch

EnXnet has successfully produced their first production units of the “Multimedia Gift Card”. Utilizing EnXnet’s ThinDisc technology, gift cards can now be fully interactive. The cards can provide detailed product information including new features and services, Internet connectivity, special online promotions, printable coupons and many other special features. The forecast for 2007 gift card sales is over $90 billion, with 2008 sales anticipated to be in the range of $150 billion.

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OMNIKEY & TELETRUST

OMNIKEY has joined the TeleTrust Association for the promotion of
consumer trust in information and communication technology. Composed
of 90 different members, with various fields of expertise, TeleTrust pools
resources for the development of secure applications. OMNIKEY brings
to the association expertise in secure identification with smartcard readers
mostly for online banking, e-commerce, and health cards. Considering that
OMNIKEY, an Assa Abloy ITG company, is 1 of the 3 leading vendors
of smartcards, experts project the company will be a significant addition
to the association.

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Newtek & Discover Seal an Acquiring Deal

Newtek Business Services has entered into a merchant acquiring agreement with Discover Financial Services. The agreement will allow Newtek Electronic Payment Processing to offer an integrated payment card processing package that includes Discover Network card acceptance to all of its customers. Newtek will have full responsibility for pricing, processing, settlement, risk management and customer service for the customer accounts. Newtek provides small business access to financial, management and technological support services.

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VISA USA’s Coghlan Quits; New President Named

VISA confirmed this morning that Hans Morris has been appointed President of VISA Inc., effective September 1st. VISA also announced 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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ABA Seeks Political Strength Via ACB Merger

The American Bankers Association and America’s Community Bankers confirmed yesterday they are engaged in a merger. The combined group says it will be politically stronger with broader grassroots representing a strong majority of all size banks and the vast majority of the industry and better equipped to deal with the new Democratic controlled Congress. The new organization would retain the American Bankers Association name. Ed Yingling will remain in his current role as President and CEO of the ABA. Diane Casey-Landry, currently President and CEO of ACB, would become EVP/COO of the combined entity. The ABA says no bank will pay more in future dues than it is paying today, and it expects that banks will generally pay less in dues under the new structure being developed. The ABA was formed in 1875 and ACB was founded in 1882.

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Experian Unveils Knowledge IQ Fraud Detection

Experian has introduced fraud detection solution that integrates data authentication with consumer challenge questions to create a comprehensive approach for detecting fraud and managing the associated risk. “Knowledge IQ” is the first system to merge two essential elements in the fight against fraud. “Knowledge IQ” resides within, and is powered by, Experian’s well-known “Precise ID” suite of identity authentication and fraud detection tools. “Knowledge IQ” assesses risk by posing a series of challenge questions to an applicant to enable a client to assess the consumer’s identity risk. When a consumer applies for credit, the “Precise ID” platform analyzes the applicant information and, using advanced predictive analytics, returns a score. The score is based on the correctness of the applicant-supplied information to Experian. Based on the client-tailored score threshold, “Precise ID” will either authorize the process to continue or seamlessly interact with “Knowledge IQ” to pose additional challenge questions to the consumer.

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Cardtronics Signs FL’s State Employees CU

Texas-based Cardtronics has entered into an agreement with Florida-based State Employees Credit Union to place its brand on nine ATMs owned and operated by Cardtronics and located in Walgreens stores. Cardtronics’ network, the largest and most comprehensive in the nation, allows banks and credit unions to extend their service offerings and enhance convenience for their customers and members while minimizing operating costs and capital outlays. Cardtronics is the world’s largest non-bank owner/operator of ATMs with more than 25,000 locations.

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Equifax Shuns Authorized User Manipulation

Atlanta-based Equifax says that its “VantageScore” and the “Equifax Risk Score 3.0” have never been impacted by authorized user manipulation. Authorized user information is also excluded in calculating both “VantageScore” and the “Equifax Risk Score 3.0.” The consumer credit monitoring behemoth says it believes it is misleading to embellish one’s credit history in order to obtain financing. The response comes in the wake of individuals paying to become authorized users on credit card accounts of people who have excellent credit. These people use their purchased “authorized user” status to artificially boost certain credit scores to gain access to a loan or loan terms they otherwise would not qualify for.

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American Express Offers Global Travel Shield

American Express announced a new partnership with InsureMyTrip.com to offer packages of “Global Travel Shield,” a collection of comprehensive travel insurance products, to its U.S. cardholders and non-cardholders. Two comprehensive packages of “Global Travel Shield” insurance products will be available at InsureMyTrip.com with prices starting at $32.00 per person. “Global Travel Shield Classic Plan” offers 24-hour travel assistance; emergency medical evacuation/repatriation up to $25,000; emergency medical & dental expense up to $25,000; baggage loss up to $500; baggage delay up to $200; airflight insurance up to $100,000; and trip cancellation/interruption coverage for up to 100% of the trip.

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