Banamex Launches a New Soccer Credit Card

In conjunction with the F.C. Barcelona soccer team, Banamex has
introduced the “F.C. Barcelona- Banamex” credit card. Benefits of the
card are aimed toward fans of the team living in Mexico and strengthens
the bank’s identification with the sport with Promotions including
team-oriented events and raffles offering merchandise. Consumers can
apply for the card online, over the phone or at local branches and will
offer customers an introductory rate of 24.9% for the first 6 months.
Banamex is a division of Citigroup and has an extensive distribution
network of more than 1,450 branch offices and 5,800 ATMs located
throughout Mexico.

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FleetCor Appoints Head Of European Operations

FleetCor has announced the appointment of Andrew Blazye to Europe CEO in
conjunction with the company’s rapid European expansion. Blazye was
formerly Head of Brand Marketing and then Global General Manager for
Shell’s Fuel Card and loyalty business. For FleetCor, he will be
responsible for the expansion of the company’s fuel card. FleetCor
conducts fuel card processing for over 500,000 business fleets and
approximately 3 million cardholders in the US, Canada, and Europe and
employs over 700 associates located in 20 offices.

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Banamex Launches Payment Protection

Banamex has introduced a card payment protection program for its credit
card consumers. Under certain terms, the bank will cover the minimum
monthly payment under conditions that restrict funds. These conditions
include the birth of a child, children entering college, unemployment,
serious illness, divorce, temporary total disability, death of a direct
line family member, organic losses and death of the primary cardholder. Cardholders
can apply for the new program over the phone, online or at the local
branch. Banamex is a division of Citigroup and has 1,450 branch offices
and 5,800 ATMs located throughout Mexico.

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ASB Settles With Commission Investigation

Regarding the investigation of banks’ disclosure of fees on foreign
currency transactions, ASB bank has settled with the Commerce
Commission. The Commerce Commission has investigated nine banks
regarding the transparency of their fee disclosures and has agreed that
a compensation from ASB Bank totaling $3.5 million to consumers is a
fair amount. Also, the bank will be paying a $600,000 fine and $80,000
in commission costs. The Bank will also be revising its terms and
conditions disclosed to customers. ANZ, National Bank, BNZ, Westpac and
KiwiBank have all been met with similar terms under the investigation.

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Paris payWave Trial to Launch in July

Paris-based Societe Generale, in partnership with Visa Europe and Gemalto, are gearing-up for a contactless “payWave” pilot next month. The six month trial will take place in the business district of Paris La Defense and will involve 1,000 cardholders. The pilot will involve the participation of some fifty retailers, 1,000 volunteer Societe Generale employees and the help of GIE Cartes Bancaires. In addition to the contactless payment card trial, Societe Generale also teamed up with six banking and telecom players earlier this year to study and test a contactless payment solution via mobile telephone. A pilot scheme is being prepared for the end of the year and should take place in Caen and Strasbourg. In the UK, Visa Europe has plans to launch a contactless “Visa payWave” card in London beginning in October and Visa Europe also announced a “Visa payWave” contactless trial with Denizbank in Turkey.

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GGP Expands its AmEx Gift Card Offerings

General Growth Properties has become the first shopping center developer and management company to offer a line of themed American Express Gift Cards for special occasions. At ten U.S. properties, the American Express Gift Cards “Especially for Kids,” “Especially for Teens,” and “Especially for Birthdays” are already being offered to customers. GGP shoppers can also take advantage of “AmEx Gift Card” cardholder-only special offers at participating merchants including Build-A-Bear Workshop, f.y.e., KB Toys, Kid’s Foot Locker, and California Pizza Kitchen. General Growth has ownership interest or management responsibility for a portfolio of more than 200 regional shopping malls in 45 states.

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BIS Review Examines Credit Card Lulls

The BIS Quarterly Review has examined historical lulls in the credit card
industry in Asia. Countries who have experience these slowing trends
include Hong Kong in 2002, Korea in 2003 and China in 2006. Reasons
for the lagging industry, according to experts, include increasing
competition
which leads to reduced lending standards, an increase in household
indebtedness, a concentration of debt burdens in riskier cardholders, a
sudden deterioration of asset quality and a subsequent contraction in
credit
card receivables.

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PDS to Use SmartPhones for Card Sales

Payment Data Systems is now making available “SmartPhone” for merchants to process credit card sales from remotely without card terminal devices The application, in conjunction with IPS Express – Pay By Phone application enables mobile sales and customer service personnel to access the Payment Data Systems Payment interface from a SmartPhone powered device, so they can enter, process, and view credit card payment transactions while out of the office. Once the sale is authorized and approved, the system provides real time access to view the completed transaction from the merchant’s accounting department or the remote person that entered the information. Payment Data Systems is an integrated payment solutions provider.

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PAYWAVE PILOT

Societe Generale, in partnership with Visa Europe and Gemalto, are gearing-up for a contactless “payWave” pilot next month. The six month trial will take place in the business district of Paris La Defense and will involve 1,000 cardholders. The pilot will involve the participation of some fifty retailers, 1,000 volunteer Societe Generale employees and the help of GIE Cartes Bancaires for regulatory and
contractual aspects. In addition to the contactless payment card trial,
Societe Generale also teamed up with six banking and telecom players earlier this year to study and test a contactless payment solution via mobile telephone. A pilot scheme is being prepared for the end of the year and should take place in Caen and Strasbourg. In the UK, Visa Europe has plans to launch a contactless “Visa payWave” card in
London beginning in October and Visa Europe also announced a “Visa payWave” contactless trial with Denizbank in Turkey.

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Precidia Introduces POSLynx220 v.2.09

Precidia Technologies has introduced “POSLynx220(TM)
version 2.09”. The new solution limits vulnerability as a secure server
for payment applications by running the payments function separate
from other applications on PC based systems. “POSLynx220(TM)
version 2.09” can be added by vendors to integrate secure payment
functionality, offers automatic alerts and updates, and is directed
at the hospitality and retail industries. Precidia Technologies has
customers in 85 different countries.

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