Aeroplan Revenues Rise 13% in 1Q/07

Aeroplan has reported an increase since last year reflecting growth
in consumer spending and credit and charge card usage translating
into increased volume from the credit and charge card accumulation
partners. Gross billing for 1Q07 was reported at $228.0 million, an
increase of $26.5 million since 1Q06. This increase is primarily
attributable to an increase of 1.9 billion, or 11.5%, Aeroplan Miles
sold as a result of higher sales to accumulation partners. Cost of
rewards amounted to $155.1 million for 1Q07, compared to $124.9
million in 1Q06, an increase of 24.2%. Aeroplan’s members
earn Aeroplan Miles with its network of more than 60 partners and
representing more than 100 brands in the financial, retail and travel
sectors. Miles earned may be redeemed for Aeroplan’s industry-leading
ClassicFlight Rewards, innovative ClassicPlus Flight Rewards and global
Star Alliance Flight Rewards, offering travel to more than 850 destinations
worldwide. In 2006 more than 1.4 million round-trip flight rewards were
issued. Aeroplan’s rewards include more than 400 specialty, merchandise
and experiential rewards, as well as hotel and car rental rewards.

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Cardtronics Juices its Credit Agreement

Houston-based Cardtronics has completed a recent amendment to its existing “Credit Agreement” which reduces the current margin paid by the Company on certain types of advances and increases the Company’s annual authorized capital expenditure levels from $50 million to $60 million. Cardtronics is the world’s largest non-bank owner/operator of ATMs with more than 25,000 locations

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Canadian Tire’s Credit Cards Profitable For 1Q/07

Canadian Tire Corporation Limited has reported 1Q07 earnings of $64.5
million, an increase of 35.5% since 1Q06. Of the Corporations four
businesses, The Canadian Tire Financial Services, which markets a range
of branded credit cards, had a total managed portfolio at the end of 1Q07
of $3,473.5 million, an increase of 5.4% since 1Q06. The overall adjusted
earnings, before income taxes increased by 15.1% from $42.2 million in
1Q06 to 48.5 million in 1Q07. Reflecting growth of the division, Financial
Services’ total ending credit card loans receivable reached $3.3
billion, up
8.7% from $3 billion in 1Q06, thanks in large part to the “Gas Advantage
MasterCard” in Ontario. Growth in the credit card loan portfolio was also
due to a 5.6 % increase in the average account balance to $1,829 from
$1,731 in 1Q06. The net write-off rate for the credit card portfolio
improved during the year to 5.82% from 6.19 % in 1Q06. The results
reflect growth in the credit card loan portfolio, lower than planned
write-off
and allowance costs, and a reduction in the operating expense ratio,
partially offset by ongoing expenses related to the retail banking
initiative of
$4.8 million as compared to $0.2 million in the first quarter of 2006.
Financial
Services markets a range of Canadian Tire-branded credit cards including
the
Canadian Tire Options MasterCard, Commercial Link MasterCard and Gas
Advantage MasterCard.

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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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