KTC Reports Gains For 1Q07

Krungthai Card Public Company Limited (KTC) has reported a 1Q07
net profit of 136 Million Baht and 1.83 million accounts. The growth of
consumer finance industry is slowing, however, consumers still rely on
loans
to prolong the duration in which they can hold on to cash. Therefore, the
company is focusing on the expansion of credit card and “KTC
CASH Revolve” (personal loans) member bases for generating revenue.
As a result, KTC has reported 117,270 new credit card and “KTC Cash
Revolve” accounts for 1Q07, for a total of 1.83 million accounts. Of this
total, 1,422,217 are credit card accounts, 406,328 are “KTC CASH”
personal loan accounts and 3,706 are “KTC Million” self-employed loan
accounts. Just from the credit card operations, KTC reports net receivables
of 40,027 Million Baht, a 35% increase from 1Q06.

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Customized Teen VISA Buxx Card Coming

This summer teens will have the opportunity to design their own general purpose prepaid card. The “PAYjr VISA Buxx Card” will enable teenagers to upload, enlarge, rotate, move and flip their chosen photos inside the card template without any special software downloads. In addition, PAYjr is developing license relationships with various musical artists, major league teams and popular teen brands to provide teens with a wide variety of card designs to choose from. To help promote the program, PAYjr will be running a card design competition, allowing teens to place an interactive mini version of the design on their blogs and MySpace pages. The “PAYjr VISA Buxx Card” is issued by South Dakota-based BankFirst and is marketed by Dallas-based PAYjr. The design feature is powered by U.K.-based Serverside Group.

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Intercontinental Bank Selects NCR Personas ATMs

Nigeria’s Intercontinental Bank has placed an order with NCR corporation
for 400 “Personas M Series” ATMs. This order will include software,
professional services, maintenance services, and NCR’s management solution.
This solution delivers real time alerts, proactive response and
comprehensive management reporting for ensured availability. Of the ATMs
to be deployed, 380 are to be “Personas M Series 87” and 20 are to be
“Personas M Series 76” units with APTRA multivendor software and
Intelligent Deposit technology. This technology uses image-based migration
for a deposit-taking function from the teller line to the self-service
channel.
It also speeds transactions and provides proof-of-deposit providing full
account of each note deposited by denomination.

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450K Women Claim Cards Stolen Online

A new poll finds that 96% of American women who have shopped online in the past 12 months have purchased at least one product over the Web. Most online shoppers do both their product research and shopping online while 31% do their research online and then go to a store to buy. The poll conducted by Consumer Reports National Research Center for ShopSmart magazine also found that women spend an average of 1.2 hours per week shopping online. Despite the amount of time women are spending online, one-third said they had a negative online experience. Among those women, 20% said they never got the item they ordered. Another 13% said the merchandise was very different than represented. And, 451,588 American women claimed to have had their credit card number stolen online in the last 12 months.

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Euronet Inks With Banamex For Money Transfer

RIA Envia, a money transfer subsidiary of Euronet, has signed
agreements for sending money transfers to Mexico on the Banamex
network. RIA has
41,000 money transfer agents in more than 95 countries and territories
and processes approximately $4.5 billion in money transfers annually.
Originating money transfers across 13 countries in North America, the
Caribbean, Europe and Asia, the company terminates transactions
through an extensive payer network across 85 countries. Banamex,
owned by Citigroup, has a network of over 1,500 bank branches and
more than 3,000 Banamex non-bank locations in Mexico.

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Nancy Adopts ACS ATLAS Contactless Ticketing System

Affiliated Computer Services(ACS) has signed a 6.3 million euro contract
with
district councils of Nancy, France to provide the ACS “ATLAS” contactless
ticketing system. “ATLAS” combines magnetic and contactless ticketing
equipment. The equipment is compatible with both the new ticketing
system and
traditional magnetic tickets of which over 800 are to be installed on
the tramway
and approximately 300 on buses in the area. ACS will also provide dashboard-
devices called the “ACS Proxibus CPE 020” compact console, a ticketing
console and an operation-aid system with an integrated Global
Positioning System.

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Wirecard Bank Opens a Second Life Branch

In the virtual world of Linden Lab, Wirecard Bank has opened a branch
in the online world of “Second Life”, the first of German banks to do so.
Sales revenues with online games in 2006 were up over a third year-on-
year, to reach 3.4 billion euros and research shows that in five years
worldwide market volume is to increase to approximately ten billion euros. “Second Life” has over six million members and a daily trading volume of 1.5 million U.S. dollars. Wirecard Bank service personnel are
represented by avatars in the branches to assist customers with questions on services to also be available through “Second Life”. Interactive entertainment serves to offer Wirecard Bank AG an island of its own in the interactive program.

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Gemalto to Power the LifeNexus Health Card

Gemalto has been chosen by LifeNexus to provide technology and professional services for its “LifeNexus Personal Health Card”. The new program is based on the patented “LifeNexus Personal Health Card” equipped with Gemalto’s “.NET” technology to enable secure storage of health and financial information. Consumers will use the LifeNexus card to keep track of their personal health information, give it to healthcare providers when needed, and then pay for services. Gemalto’s digital security solution also protects the privacy and security of the cardholder. Gemalto provides digital security solutions.

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EMV PAYROLL CARD

The Commercial Bank of Qatar has launched its first EMV smart card on
TSYS’s “PRIME” card-management solution. CBQ plans to roll-out
a multitude of EMV chip card products this year, including credit,
debit, charge and prepaid cards. The bank recently completed
certification with MasterCard “M/Chip” and “VISA Smart Debit Credit”
card issuing. The “PRIME” card system is offered TSYS Card Tech, formerly known as Card Tech Limited. In Qatar alone, TSYS Card Tech clients include the top four banks, which have combined assets of 85% of the market share.

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Manulife Finds Canadians Don’t Coordinate Accounts

A Manulife Bank Survey reveals that 48% of Canadians open bank accounts
and products as needed, without a strategy, losing an average of $1,000 a year through poor debt and short term asset management. Furthermore, of the 87% with a checking account, 96% also have a high interest savings account. While the average number of bank credit cards per respondent was just over 1, 93% of those also held department store or gas company cards. Of the 30% who said they have a mortgage, 45% also have a line of credit. The average Canadian has 8 different bank products across multiple bank accounts. For this reason, Manulife bank has introduced an ‘all-in-one’ account, which 40% said
they would consider opening to save money on fees and the like.

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