HALIFAX ONE CARD

Halifax has announced that it has launched the “One Card” with new
features and benefits. This includes online protection for Internet
transactions,
0% for 9 months on both balance transfers and purchases, 0% for 6 months
on new balance transfers made from the start of the calendar month
following
the 1st year anniversary of the card, and an APR of 13.9%. Customers can
apply for the card over the phone, the Internet, or at a Halifax Bank
branch
and is available in Black, Pink and Red.

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PayPal Adds 87 More International Markets

PayPal has added 87 new markets bringing its total global base to 190 markets. With more than 143 million accounts globally, PayPal users can now move money to places like Benin, Comoros, Kiribati, Nauru, Sao Tome and Tuvalu. Additionally, customers using PayPal.com can also view the site in Spanish, French and simplified Chinese. The eBay Company now offers customers in 46 markets the ability to transact in their native language, making domestic and cross border trading secure and simple for millions of customers around the globe. In the first three months of this year, PayPal’s total payment volume was an astounding $11 billion.

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PREPAID AWARDS

MasterCard has given Altair Financial Services International the award for the “Best Newcomer 2006/7” for the prepaid market. The “Best Usage/Expansion Program 2006/7” was presented to PrePay Technologies for
its “360money Mirror Quidity Card.” The “Best Multi-Channel Marketing Program” was won by Newcastle Building Society, which works with a number of partners specializing in a range of markets for prepaid cards, including shopping centers, travel, sport, lifestyle magazines and employee reward schemes. The “Best Cardholder Service” award was bestowed upon Advanced Payment Solutions for its “CashPlus Gold Card,” which launched in the retail sector last year. MasterCard this week released a new report that predicts spending on prepaid payment cards in Europe will reach $164 billion within three years.

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Payment Data Systems Completes its PCI Audit

San Antonio-based Payment Data Systems has successfully completed its “PCI Data Security Standard” audit. To pass the PCI Data Security Standard audit, Payment Data Systems was required to meet the following information security mandates, which was defined by approximately 200 detailed requirements: protect cardholder data; maintain an information security policy; implement strong access control measures; build and maintain a secure network; maintain a vulnerability management program and regularly monitor and test networks. Payment Data Systems is an integrated payment solutions provider to merchants and billers.

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Getronics Offers an Outsourced Postilion ATM/POS Solution

Postilion payment processing has announced that Getronics Hungary
will be outsourcing ATM and POS processing to be based on the
Postilion engine. Postilion’s solution will provide end-to-end service
for transaction processing, card issuing, authorization and switching
of payments to Visa and MasterCard. The company is a division of
the S1 corporation and provides integrated solutions for self-service
banking and payment processing, has locations on five continents, and
serve customers in more than 50 countries. S1 provides customer
interaction software for financial and payment services, employs 1,400
people Worldwide, and has more than 3,000 customers. Getronics
has 25,000 employees in more than 25 countries and approximate
revenues of USD $3.4 billion.

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U.S. Prepaid Card Spending to Hit $296B

MasterCard this week released a new Boston Consulting Group report that predicts spending on prepaid payment cards in Europe will hit $163 billion by 2010, compared to $296 billion for the U.S and $59 billion in Japan. MasterCard says the U.K. will emerge as Europe’s largest single market and the fourth largest in the world with a projected prepaid spend of $34 billion by 2010. The U.K. is closely followed by Italy where total spending is estimated to hit $33 billion and France, with an estimated total spend of $27 billion. The research also shows that one of the main drivers of prepaid spending in the upcoming future will be through Government programs.

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The Company Software Does $$$ ON THE NET

The Company Software, a provider of management software for the overnight vacation rental industry and parent company of TCSReservations, has inked a deal with Shift4 Corporation to utilize “$$$ ON THE NET” with tokenization technology. Shift4’s Tokenization technology allows TCS customers to continue the same reporting, credits and incremental authorizations necessary to take reservation payments both online and in-house without the burden of maintaining and storing data. Shift4 is a developer of secure financial transaction processing software and services, provides web-based, real-time enterprise payment solutions for leaders in the hospitality, retail, foodservices, auto rental and e-commerce markets.

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XIRING and SMARTSOFT Partner to Secure Online Banking

XIRING and SMARTSOFT are collaborating for the development of
an online security solution for Turkish banks. The collaboration will
protect against card-not-present fraud by allowing customers easier
access to their finances through phone and Internet securely.
SMARTSOFT provides end-to-end implementations of EMV solutions,
MasterCard CAP and VISA DPA standards in Turkey. The company
helps banks in securing e-Banking systems. XIRING provides remote
transaction security for the banking and healthcare industries.

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Banamex to Issue VISA and MasterCard on MULTOS

Using Keycorp’s MULTOS smartcard technology, Banamex will be
implementing Visa and Mastercard EMV chip cards. MULTOS
will allow the bank to issue VISA and MasterCard using the same
operating platform, flexibility and choice. As a founding member of
MULTOS, Keycorp develops and distributes smartcard operating
systems and smartcard applications. Banamex has a distribution
network of more than 1,400 branches and 5,800 ATMs throughout
Mexico.

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Metavante Inks PA-Based AmeriServ Financial

Metavante Corporation’s Banking Solutions has renewed its core processing software agreement with PA-based AmeriServ Financial Bank. AmeriServ deploys “Bankway”, an in-house core banking solution, at its more than 21 banking offices throughout western and central Pennsylvania. AmeriServ has also signed an agreement for Metavante’s electronic funds transfer and card services and will begin participating in the NYCE Network. NYCE will be the sole provider of retail PIN debit access for AmeriServ’s 23,000 cards. Metavante Banking Solutions provides core account processing, fully integrated delivery channels, business and marketing analytics, electronic banking, integrated payments, image, risk and compliance solutions, along with business and technology consulting and serves over 1,500 financial services providers, ranging from community banks to the top 50 U.S. Banks.

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