VersaPay & Chase Paymentech Card Processing Agreement

VersaPay has signed an agreement with Chase Paymentech to offer
businesses a single source selection in processing card transactions.
Chase Paymentech’s powerful payments technology will allow VersaPay to
provide Canadian merchants a full spectrum of payment acceptance,
enhancing its B2B payment platform. Businesses will now be able to
accept a range of credit cards, including “FlexCache”, Chase
Paymentech’s customizable stored value/gift card program. Chase
Paymentech Solutions, merchant acquirer for businesses accepting
payments, has a customer base including more than 600,000 merchants
nearly 1 million locations around the world.

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WestLB And ClickandBuy Launch SEPA Pilot Project

Two companies, WestLB AG and ClickandBuy, have launched a project to
ease the pending application of SEPA. SEPA serves a market comprising
over 61 billion transactions across Europe. The joint effort between
WestLB and ClickandBuy will simplify these transactions early in the
developmental stages of SEPA by introducing the new payment formats and
significantly reducing the administrative costs to companies. SEPA is
vital to the implementation of a single market in the European Union
(EU) and will offer many cost advantages as a simplified payments
procedure.

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Clear2Pay Launches Unified SEPA Debit/Credit Solution

Clear2Pay has announced that a solution combining SEPA Direct Debits and
SEPA Credit Transfers is now available. Clear2Pay develops solutions for
secure, streamlined payment processing. The company’s new solution uses
Open Payments Framework (OPF), a library of component building blocks
built entirely on a Service Oriented Architecture (SOA). This allows
banks to deploy the combined solution or the components, SDD or SCT,
separately and independently. This flexibility offers banks the ability
to adopt SEPA at a pace that meets their requirements.

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Sony FeliCA Chips Reach 200MM Units Shipped

Sony’s “FeliCA” chips have reached a milestone. Officially, 200 million
of the integrated contactless payment chips have been distributed. Since
the first shipment of the product in 1996, 160 million have been used
in payment cards, including “Suica” and “EDY”, and 40 million have been
distributed for use in mobile phones. The past 18 months, however, is
when demand of these chips grew rapidly. In the past year and a half,
Sony has distributed 1 million “FeliCA” chips thanks mostly to the
popularity of Osaifu-Keitai mobile phones that use contactless payment
technology. Also contributing to demand is the use of “FeliCA” in
payment for public transportation, electronic money, credit
transactions, employee ID, membership cards and point cards.

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First Data & China UnionPay Launch Joint Venture

China UnionPay account holders will now have access to their
accounts outside China. First Data International payment services and
CUP have announced a joint venture to be used on First Data’s Australian
ATM network, “CashCard”. The venture will allow Chinese visitors access
to their accounts, transaction routing and payment processing services
in Australia. Across the country, CUP account holders now have access to
more than 5,800 ATMs. This initiative is the first step in allowing CUP
customers access to ATMs worldwide. First Data is a payment services
provider that has approximately 7,900 employees and operates worldwide.
Currently, 189 member institutions have issued CUP cards and 520,000
merchants can accept CUP cards.

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Accor Services Acquires Kadeos Prepaid Cards

Accor Services will now lead the gift card and voucher market in France.
The company has announced the acquisition of Kadéos, a smaller gift card
and voucher business, for 210 million euros. Kadéos cards and vouchers
are sold in over 6,500 outlets and can be used in nearly 1,000 stores
and websites in France. The acquisition will enable Accor Services to
provide the market’s broadest offering of media and an extensive network
of affiliates. Kadéos reported 2006 issued volume of 336 million euros
in Europe. Thanks to the new development, however, volume is expected to
be around 2 billion euros in 2007 and sales are expected to increase by
10% to 15% a year in the corporate and works council segment and by 20%
to 25% in the retail segment.

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MasterCard Entertains Obsessive Golfers

MasterCard is going after golfers with a new highly-interactive platform and two new TV commercials. The new “Priceless” golf program enables golfers to rank their level of obsession with the game, participate in a pro telethon and receive access to special golf offers, usage incentives and experiences. Through the use of flash video and IVR technology golfers respond to a series of questions posed by top golf personalities to determine their obsession level. To support the platform, MasterCard is airing two “Priceless” TV ads that feature a call to action to go to priceless.com/golf. The first is entitled “Hit the Cart” and the second spot is called “On the Job.” The second ad will debut on March 15. The TV spots were created by McCann Erickson; sister company MRM Worldwide created priceless.com and the siteâ™s new interactive golf content.

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Banamex Deploys Verifone Payment Processing At McDonalds

Contactless payments will streamline customer service at McDonald’s
Mexico. Banamex, a division of Citibank, has announced the deployment of
Verifone’s “MX870” at McDonald’s locations in Mexico. This will allow
customers to pay using the contactless payment system offered by
MasterCard “PayPass” and speed up the payment process at the restaurants’
cash registers. The “MX870” is also useful as a content delivery system
that verifies the customers’ order and offers promotions. To date,
Banamex has issued 10,000 of these contactless cards. The group has a
net distribution of over 1,400 branches and 5,700 ATMs located
throughout the country.

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BSG Releases its Advanced Payment Gateway

San Antonio-based BSG Clearing Solutions announced the availability of its “Advanced Payment Gateway” – a combination of three core integrated services: credit card payment processing, “Bill2Phone” alternative payments and integrated risk management services. The “APG” suite of services marks the company’s transition from traditional third party billing to a leading provider of payment services for digital content providers. BSG also announced the general availability of “Bill2Phone,” a real-time payment solution that offers online merchants, content aggregators and e-wallet providers the ability to process electronic payments to consumers’ local telephone bill. “Bill2Phone” includes risk management, advanced transactional and settlements reporting, recurring payments and a virtual terminal. Since its availability on January 15, 2007, BSG has closed five new “Bill2Phone” customer contracts.

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TD Canada Trust Unveils the Rebate Rewards VISA

TD Canada has introduced a rewards program that gives customers more
options. The “TD Canada Trust Rebate Rewards VISA” offers new cash
back options that give the customer freedom to choose how they want the
rewards applied. Cardholders can earn cash back of up to 1% on the amount of their net annual purchases made using their card, without paying an annual fee. TD Canada Trust also offers the “TD Gold Elite VISA.” TD Bank Financial Group serves more than 14 million customers and, as of January 31, 2007, the company had CDN $408 billion in assets.

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Carded Federal Tax Payments Up 63%

LINK2GOV announced that its PAY1040.com service is witnessing a 63% year-over-year increase in dollars processed for federal tax payments during tax season 2007. This news follows a recent IRS report that showed significant growth in card-based tax payments during 2006. Taxpayers can use their American Express, Discover, MasterCard or VISA card to make a federal tax payment. A convenience fee of 2.49% of the tax payment (minimum $1.00) is charged by LINK2GOV for using this service. The convenience fee for business tax payments is tax deductible to the extent permitted by law. LINK2GOV, a Metavante company, provides comprehensive, customized electronic service applications for government agencies. Metavante provides banking and payments technologies to financial services firms and businesses worldwide.

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Red Orange Endorses Cashbox’s ATM program

ATM operator, Cashbox, will be a recommended supplier to the retailers
of Red Orange. Red Orange is membership-based organization, begun in
1983, comprised of 36 independent retailers. Placement of the ATMs in
the stores will adhere to Cashbox’s traditional placement model. With
the guidance and monitoring of Cashbox, a convenience-fee ATM is
supplied to the retailer free of charge and replenished by them,
eliminating the need for third party cash-handling costs.

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