SF Giants Deploy Next Gen POS Terminals

The San Francisco Giants and VISA USA will deploy VISA consumer-facing payment terminals throughout AT&T Park. Last season VISA introduced 100 new terminals and will now enhance the game day experience for Giants fans by equipping every permanent point of sale location, bringing the total number of terminals at AT&T Park to 200. In the 2006 season, the Giants experienced a 49 percent increase in payment card transactions over the previous season, with nearly 67 percent of all electronic transactions being made with VISA-branded cards. During the trial, the average ticket size for electronic payment transactions was 31 percent higher than for cash transactions. The San Francisco Giants of the National League is one of the oldest franchises in Major League Baseball.

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USAT’s e-Ports Adds NFC Technology Option

USA Technologies unveiled vending machines equipped with Near Field Communications capable “e-Ports” at the CTIA Wireless conference. It is the first time that USA Technologies has publicly launched its NFC capable e-Port payment technology, which enables consumers to make purchases at unattended point of sale using an NFC capable cellular phone. MasterCard and USA Technologies are currently deploying 6,000 e-Port G6 wireless devices in vending machines nationwide to accept MasterCard’s PayPass contactless payment system. Bank of America is among the first banks to choose the e-Port G6 cashless terminals for evaluation in radio frequency cashless payment device trials. The readers are being installed in vending machines in more than 20 major U.S. cities. The 6,000 e-Port G6 terminals are NFC capable, and enable consumers to make purchases from vending machines with magnetic stripe and contactless cards, as well as NFC capable cellular phones. USA Technologies is a provider of wireless non-cash transactions, associated financial/network services and energy management.

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KKR to Acquire First Data for $29 Billion

In what ranks among the ten largest buyouts ever, First Data this morning confirmed it has signed a deal to be acquired by an affiliate of Kohlberg Kravis Roberts for about $29 billion. Under the agreement, FDC shareholders will receive a premium of approximately 34% over the average closing share price during the previous 30 trading days. Under the merger agreement, FDC may solicit proposals from third parties during the next 50 days to locate an alternative transaction. The KKR transaction is expected to close by the end of the third quarter. Since its initial public offering in 1992, FDC has grown from $1.2 billion in annual revenue to $10.6 billion prior to the spin-off of Western Union and $7.1 billion post spin-off. An investment in the company’s IPO, adjusted for the recent spin-off of Western Union, would have generated 18% compounded annual returns. FDC also owns a 49% stake in Chase Paymentech. In January, FDC reported that fourth quarter revenue grew 14% to $1.9 billion and that operating profit was up 67% year-on-year. Morgan Stanley is serving as sole financial advisor to FDC. Citigroup, Credit Suisse, Deutsche Bank, HSBC, Lehman Brothers, Goldman Sachs and Merrill Lynch have committed to provide debt financing for the transaction and are acting as financial advisors to KKR. (CF Library 1/25/07)

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CBCInnovis Offers the New CreditXpert Suite

CreditXpert announced that credit reporting service Columbus-based CBCInnovis will be the first to offer the latest version of the “CreditXpert” suite. Offering the upgraded “CreditXpert” services will enable CBCInnovis lending customers to close more loans by providing the most consumer-friendly credit management tools and content. CreditXpert provides personalized credit management tools including simulation, optimization, and analysis, to help lenders make more informed decisions and close more loans based on a technically advanced hybrid of artificial intelligence, statistical techniques and analytical methods. CBCInnovis provides risk management and marketing services to customers in the business, government and not-for- profit sectors.

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ID Theft Targets Victims Over Age 40

According to analysis by the Identity Theft Assistance Center, two out of three identity theft victims are over age 40. Broken out by age group, the more than 11,000 cases show 12% of victims were ages 18 to 29, 19% of victims were ages 30 to 39, 24% of victims were ages 40 to 49 and 23% of victims were ages 50 to 59. ITAC is partnering with academic and research organizations, including Utica College’s Center for Identity Theft Management and Information Protection (CIMIP). CIMIP’s analysis will provide a better understanding of who is at risk, the geography of victims and the sources of identity theft. The Identity Theft Assistance Center is a nonprofit dedicated to fighting identity theft through victim assistance, research and law enforcement partnerships.

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First Data Acquires POLCARD

First Data International has acquired POLCARD for $325 million, giving the
company an advantage in the Polish market of 39 million with an
expanding electronic commerce market. With the acquisition, First Data
will take over POLCARD’s 58,000 card acceptance terminals for POS, online
transactions and 1700 ATMs. POLCARD processed 170 million transactions annually and
had revenues of $44 million in 2006. First Data serves 4.9 million merchant
locations, 1,900 card issuers and their customers. In Central Europe,
First Data manages more than 11 million cards, more than 100,000 POS terminals and
8,500 ATMs for banks and merchants throughout the region.

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Global Payments Expands ATM Developer Usage

Global Payments Europe has announced its expanded use of Level Four
Software to extend ATM service to Slovakia and Poland. Because the
demand for electronic payment service is expected to grow by 21.6% to
25.8 billion euro over the next 5 years in this region, Global Payments
will
implement Level Four’s ATM Developer to increase the ATM network
capacity. This software provides management solutions for NDC/912
based ATM networks and a graphical user interface, as opposed to a typical static screen display, to manage ATM configuration files for screen content and logical transaction flow. Established in 1995, Level Four has become a significant name in the ATM market. Global Payments Europe is a leader in providing cashless payment services and processing for corporate clients in the Czech Republic.

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BII Partners With ATM BERSAMA

PT Bank International Indonesia (BII), with more than 700 ATMs, has
connected to ATM BERSAMA network of Artajasa, making it a network
of 11,900 ATMs from 68 different banks. This partnership is part of an
effort to improve BII customer service as well as to other banks’ customers. As a result, all BII debit cards can be used in the ATM Bersama network and cardholders can now get discounts at thousands of merchants throughout the country and given the ability to do online transfers. BII has 230 branches and 700 ATMs with a total customer deposit base of more than IDR 37 trillion. The Bank also has IDR 53 trillion in assets.

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Uniasrtum Commits To BPC’s Software Products

As a means of processing a growing number of transactions and providing a
technology foundation, Uniastrum Bank has committed to the use of BPC
Banking
Technologies’ “SmartVista” software products. This software will extend the
range of services available at ATMs and kiosks. Also, the “SmartVista”
implementation includes support for the comprehensive debit and credit card
issuing and acquiring functionality, EMV acquiring facilities, and multiple
interfaces to VISA International and MasterCard Worldwide international
payment schemes.

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CashBox Appoints Chief Financial Officer

CashBox has announced the appointment of David Auger as Chief Financial
Officer and Company Secretary as of April 2, 2007. Auger has been with
CashBox since February of 2007 and is a chartered accountant. He was
previously employed with PricewaterhouseCoopers and has extensive public
company experience through a number of senior group finance positions,
including ICI, Invensys and more recently CP Ships. Both the company and
Auger are looking forward to the new development.

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Sagem Orga & Sheltering Ink Distribution Agreement

To market its smart card solutions, Sagem Orga has signed distribution agreements with Sheltering ICT Security Solutions to focus on banks in Italy and larger issuers with operations in the country. The two companies plan to accomplish this through the implementation of contact EMV cards adhering to the latest CPS standards, online authentication solutions (CAP), contactless
smart cards (Paypass, VISA contactless) and will offer a comprehensive
personalization package, consultancy, training and professional project
management underpinning the technology. This agreement will also deliver a combined European service infrastructure for EMV banking cards to service the banking market in Italy. Sheltering is prominent in the EMV cards market and supplies solutions and services to Italian companies and financial institutions with integrated electronic security for payment transactions and identification.

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