FundsTech Appoints a New Executive

FundsTech has announced the appointment of Victoria Vaksman as the
Executive Vice President of European, Middle Eastern and African
operations. She has been a member of the board for the previous six
months and has experience building International IT companies.
FundsTech provides prepaid debit card solutions for the unbanked
population worldwide and provides software solutions to financial
institutions.

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Phishing Attacks Remain Very Active

The Anti-Phishing Working Group reports that the number of phishing URLs deployed by electronic crime gangs rose to more than 55,000 in April, up 48% from the previous high in October 2006 and more than 166% higher than the number encountered in March. Although the financial services sector accounted for nearly 93% of all phishing attacks, April was marked by a diversification of attack sectors by electronic crime gangs, including branded social networking outfits, VoIP companies and numerous large web-based email providers. For the first time, the time live for phishing sites dipped below four days — to 3.8 days, reducing by more than 5% the duration in which consumers are exposed to phish sites that could deceive them into submitting their user credentials.

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Western Union Expand Initiative

Western Union has expanded its “4+1 Program” and is in discussion
regarding social responsibility and competition in the Mexican market
with country officials. The company will donate funds for eight projects to
communities in the state of Zacatecas including an eco-tourism park, fruit
and vegetable processing, nopal farming, agribusiness equipment, a pork
farm and a computer assembly plant. A contribution at least $1.25 million
from Western Union is expected for these and other projects throughout
Mexico. The money transfer company demonstrates dedication to markets
such as these with corporate giving campaigns & exclusive rates. According
to the Bank of Mexico, remittances to Mexico in 2006 were over $23 billion.
Western Union has a network of more than 305,000 Agent locations in over
200 countries.

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e-Smart Technologies Names a New COO

WA-based e-Smart Technologies has named Richard Barrett, former founder of Adaptive Data Systems and a founding member of the American National Standards Institute committee, as COO. Barrett is currently the Managing Director of One-to-One Business Relationships, leading teams in technology development, sales and marketing for more than twenty years. Barrett founded Adaptive Data Systems (ADSI), which pioneered the Small Computer Systems Interface (SCSI) standard and was a founding member of the American National Standards Institute (ANSI) committee that established the SCSI standard. He has been widely published in technical journals and trade magazines and is a faculty member of the University of Phoenix and holds MEE and BSEE from Rice University. e-Smart Technologies, Inc., is the exclusive supplier of the Biometric Verification Security System, the Super Smart Card and related system technologies for Asia, Africa and the US.

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Ambiron Ensures PCI Compliance

Network International LLC is under review by AmbironTrustWave Ltd to
ensure compliance with the Payment Card Industry Data Security Standard
(PCI DSS). AmbironTrustWave Ltd. is a Qualified Data Security Company
(QDSC) with the capability to perform PCI DSS validation work in Europe,
the Middle East and Africa. To ensure compliance with the standard, Network
International must meet 12 data security requirements that protect
information
from being compromised. These include a review of its information security
policies, procedures, and IT environment. These are composed of penetration
testing of their IT environment, security assessment to determine the
effectiveness
of security controls, remediation to ensure any areas of potential
non-compliance
are addressed, security policy and procedure development, internal
vulnerability
scanning, and a report on compliance to benchmark “Network International”
with the PCI DSS. Network International is a Middle Eastern credit card and
payment service with more than 35% of the market share through its
network of
EFTPOS terminals. AmbironTrustWave has worked with over 30,000
organizations throughout the world including banks, merchants, service
providers
and software developers that require compliance with industry standards.

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Dunkin Donuts Enhances Gift Card Offering

Dunkin’ Donuts has introduced an enhanced rechargeable card that allows customers the ability to personalize the card with photos and messages for $4.50 plus the card value, which is available in any amount between $10-$200. The Dunkin’ Donuts personalized card allows customers to email a virtual greeting to notify recipients that they will be receiving a gift card in the mail. The card can be registered for auto- recharge, which automatically adds money to the card on a specific day or when the balance on the card drops below a certain level. Shoppers can choose from pre-designed cards or make their own personalized creation featuring a cherished photo or customized message. The Dunkin’ Donuts personalized card will be accompanied by a high-quality greeting card that can be custom designed as well. Greeting cards can be selected from a wide assortment of designs to fit any special occasion. Dunkin’ Donuts has more than 7,200 restaurants in 30 countries.

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First Internet Card Transaction In Macedonia

Net Consulting & Solution and Diners Club have announced that the first
ever Internet credit card transaction in the Macedonian region is to be
conducted. This development is in response to the recent growth in the
amount of issued cards in the region and the need for modernization.
Net Consulting & Solution will partner with the Croatian company, Web
Studio, to offer solutions for on-line payments and card authorization .

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VISA and Marriott Launch Summer Bonus Bucks

Marriott International has teamed with VISA again to offer a “$100 Bonus Bucks” coupon good towards a future two-night paid stay for guests who use their VISA card to reserve a weekend stay, and pay for their stay with their VISA before September 2nd. Marriott Hotels & Resorts and JW Marriott Hotels & Resorts participate in Marriott’s award-winning frequent travel program, Marriott Rewards. Members earn their choice of points toward free vacations or frequent flyer mileage for dollars spent at more than 2,500 Marriott hotels worldwide. Combining VISA’s worldwide acceptance with Marriott’s signature service, Bonus Bucks coupons are Marriott’s and VISA’s way of rewarding customers for their loyalty.

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Card Transactions On The Rise

From March to April 2007, Statistics New Zealand shows a 1%
increase in electronic card transactions. In the month of April, there
were 77 million transactions valued at $4.4 billion representing an
adjusted increase of 0.1% compared with March. Furthermore,
compared with April 2006, this figure was 8.6% higher. For March
of 2007, the average transaction per person was 211 and an annual
value of $12,332.

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Citi AAdvantage Card Hits 20th Birthday

To celebrate the 20th anniversary of the “Citi AAdvantage” card, Citi and American Airlines is offering a special live auction, 20% discounts on “MileSAAver Awards,” an “AAdvantage” miles giveaway, plus a sweepstakes. Cardholders will be able to bid on special high-value entertainment, sports, leisure, and travel packages starting June 5th. Cardholders will be able to view the first five packages starting June 1st. Some items can be purchased by credit card while other require miles. New postings will then appear every Tuesday thereafter for a total of four weeks. Cardholders will also receive 20% off “MileSAAver” awards including coach, first and business class fares within the continental U.S., Mexico, Caribbean, Hawaii and Canadian destinations for travel between August 22nd and November 16th. Additionally, a sweepstakes will award 20 times bonus miles to one grand prize winner and 500 first prize winners. Every transaction that card holders make during August and September 2007 will count as an entry into the sweepstakes. Plus, from June through September, Citi will be conducting giveaways on the “Private Pass” Web site, in airports and in airlines, in addition to partner discount sand deals.

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BMO DEBIT REWARDS

BMO Bank of Montreal has added “AIR MILES” to its debit cards starting today. In addition, BMO customers who have a “Mosaik MasterCard ” with an “AIR MILES Reward Option,” can also increase their monthly reward totals, by as much as 30%, simply by doing more business with BMO. For example, BMO will increase the value of rewards earned each month by a multiple of 10%, 20% or 30% depending upon how many BMO banking products and services customers have in their portfolio of bank business. The program is a move by BMO to capture the personal banking
business of “AIR MILES” collectors who currently represent nine million active collector accounts or approximately two-thirds of Canadian households. BMO noted that since 2002, debit purchases in Canada have grown 73%.

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Half of Americans to Charge 2007 Vacation

A new poll finds that 52% of Americans will charge their summer vacation to their credit cards. The e-mail poll conducted by priceline.com also found that 40% said they would pay with a debit card, check or cash. Only 20% of consumers responding to the priceline.com survey said they planned to drive to their vacation destination this year. Most consumers said they would fly instead to their vacation destination. About 73% said they would travel more than 500 miles each way with 13% traveling between 300 and 500 miles, 7% said they would travel less than 300 miles and 3% said they would just stay home.

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