StoreNext to Offer the Pay By Touch Service

StoreNext Retail Technologies and Pay By Touch have signed an agreement to market and distribute Pay By Touch’s biometric authentication and payment service to independent grocers. StoreNext’s dealer network will resell the Pay By Touch store-level hardware, software and interfaces to independent retailers in conjunction with StoreNext point-of-sale systems and provide ongoing service and support. Data and transactions from the independents’ POS systems are processed through StoreNext’s Connected Services suite of Internet-based store management applications. When checking out, shoppers touch a biometric sensor and enter a Personal Search number to authenticate their identity and link to their financial and loyalty accounts. More than 3.5 million members are using Pay By Touch in 3,000 stores across 44 states, the UK and Singapore.

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Bank of Sharjah To Use CR2 Platform

CR2 will be the platform used by the Bank of Sharjah to drive the banks
Internet,
ATM, and SMS channels. The new platform will allow the bank to provide
customers with secure on-line, ATM & SMS banking service and offer a
consolidated
perspective across all three channels. CR2 has been growing considerably
in the
banking industry worldwide and now serves 100 institutions in 70
countries worldwide.

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Chase to Issue 50K RI Unemployment Debit Cards

The Rhode Island Department of Labor and Training has selected JPMorgan Chase to provide debit cards for unemployment insurance benefit payments, replacing unemployment checks. JPMorgan Chase will supply approximately 50,000 debit cards a year carrying unemployment insurance benefits approved by the Rhode Island Department of Labor and Training. Unemployment benefit recipients will get their payments as fast as 24 hours after they certify and are approved by the state. The cards can then be used to purchase items at any merchant that accepts Visa or to get cash at any ATM. Transactions will be surcharge-free at any Washington Trust, Allpoint and Chase ATM nationwide. Debit cards also benefit recipients who may not have a bank account and would otherwise have to pay check-cashing fees. The JPMorgan Chase Direct Payment Card product provides debit card services to agencies in more than 30 states and territories as well as payments for Social Security, Supplemental Security Income, child support, subsidized child and foster care, Women and Infant Children (WIC) nutrition benefits, payroll, and disaster benefits.

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Cryptomathic Authenticator Supports MasterCard CAP

E-security provider Cryptomathic has announced that it is now
compliant with MasterCard’s “Chip Authentication Program.” This
means that in addition to VISA the company will extend its services
to provide support for MasterCard CAP Modes 1 and 2, as well as such
services as mobile readers and cards, “One Time Password” (OTP) in
addition to traditional permanent passwords. Cryptomathic’s
“Authenticator” also supports VISA’s “Dynamic Pass Authentication” and
the two-factor authentication standard from the UK’s APACS.
With 20 years’ experience, Cryptomathic is one of the world’s leading
providers of security solutions.

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NCR’s ATM Q4 Revenues Rise 6% But Income Lags

NCR reported that fourth quarter revenue for its ATM business was $472 million, a 6% gain compared to one-year ago. While its Teradata Data Warehousing segment is driving NCR’s overall growth, the Company expects its ATM business to grow between 2% and 3% this year. Operating income for the Financial Self Service segment or ATM segment was up slightly from $84 million in 4Q/05 to $85 million in 4Q/06. NCR recently announced a restructuring of its global manufacturing resources to help its ATM business restore its operating margins. The Company wants to reduce manufacturing operations of its Dundee, Scotland, facility and wants to meet volume customer demand in Europe, Middle East, Africa and Asia-Pacific through NCR manufacturing facilities in Beijing, Budapest and India. Additionally, the Company wants to move to a contract manufacturing model in the Americas. Meanwhile, Retail Store Automation Q4 revenue was flat year-on-year at $258 million. Customer Services revenue of $482 million was up 2% from the fourth quarter of 2005. Revenues from the maintenance of ATMs increased 11% in the fourth quarter, while revenues from the maintenance of third-party products declined by 6%. NCR’s Teradata Data Warehousing segment reported fourth-quarter revenue of $469 million, a 15% increase from 4Q/05. The Company recently announced its intention to separate into two independent publicly traded companies by spinning-off the company’s Teradata Data Warehousing business to NCR shareholders. NCR increased its 2007 earnings guidance by $0.05 to $2.45 to $2.55 per share. For complete details on NCR’s current and past performance, visit CardData ([www.carddata.com][1]) (CF Library 1/8/07; 1/11/07)

[1]: http://www.carddata.com

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Xiring Introduces Wireless Banking Card

Using Bluetooth wireless technology, Xiring has introduced the latest
in wireless banking technology. The new product, “Bluesign,” will
provide versatility, flexibility, and security of transactions. Xiring
chose Bluetooth because of the data exchange security Bluetooth is
capable of. With sales of 9 million euros, 60 business partners around
the world and a 5% net profit margin in 2005, XIRING continues to grow.

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Canadians Willing To Limit Excess Spending in 07

In order to improve their financial situations for 2007, many Canadians are
willing to sacrifice trivial comforts. According to a survey conducted
by Capital One, 65% of those surveyed are planning to budget more wisely for
the new fiscal year by eating out less and 20% surveyed will use public
transportation. Among those surveyed, 82% say they plan on
developing and using a budget for 2007. Nearly half of Canadians said
they did not stay within their planned budgets over the holidays,
leaving room for improvement in the new year. Despite the fact that 63%
say interest rates are the most important factor when choosing a credit
card, only 11% plan on shopping around for lower rate credit cards and
transferring balances.

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Equens Processes Nearly 7B Transactions in 2006

Last year was the busiest year on record for Equens. A total of 7
billion payments transactions were processed, up 0.5 billion since 2005.
About 1.88 billion cash withdrawals and point-of-sale payments were
routed via Equens for authorization during the year. About 66.5 million
of these transactions were made using international payment products
(Maestro and credit cards). This represents a total increase of 7.4 %
compared to 2005 when the total number of point-of-sale payments and ATM
transactions was 1.75 billion. Equens is the first truly pan-European
full-service payment processor. The Company’s market share within the
euro zone is over 10%.

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NCR Continues To Lead Chinese ATM Market

NCR Corporation announced that it continues to lead the ATM market in
China. NCR led in 2005 with 33.7% of the market share. In 2006, NCR
had over 5,600 unit orders from the top four Chinese banks. The banks
include the Agricultural Bank of China, Bank of China, China
Construction Bank and Industrial & Commercial Bank of China. These
orders will roll-out through 2007, will utilize new technology and
be complete by years’ end. NCR is a global technology company helping
businesses build stronger relationships with their customers.

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PayPal Volume Rises 36% to a Record $11B

eBay reported that PayPal had 133.0 million total accounts at the end of the fourth quarter, a 38% increase from one-year ago. Total payment volume rose 36% to a record $11.0 billion which includes payments initiated through the PayPal system but excludes its payment gateway business. The number of active accounts hit 37.6 million as of December 31st, its highest level to-date. During the fourth quarter, PayPal handled 172.0 million payments, an 18% increase over the prior quarter, and up 23% from 4Q/05. PayPal’s 4Q/06 transaction revenue rate declined to 3.66% after being flat at 3.73% for the prior two quarters, but down one basis point from one-year ago. The processing expense rate for the fourth quarter was 1.08%, compared to 1.09% for 4Q/05. PayPal’s transaction loss rate came in at 41 basis points, up 8 basis points from one-year ago. PayPal Merchant Services posted a record $3.9 billion in global TPV in the fourth quarter, representing a 57% increase from the $2.5 billion reported in the year ago quarter. PayPal recently announced an expansion of its “Buyer Protection” program, giving buyers up to $2,000 of coverage for qualified transactions on eBay.com. For complete details on eBay/PayPal’s fourth quarter performance, visit CardData ([www.carddata.com][1]). (CF Library 1/12/07)

PAYPAL HISTORICAL
$VOLUME #ACCOUNTS
4Q/05: $ 8.1 billion 96.2 million
1Q/06: $ 8.8 billion 105.0 million
2Q/06: $ 8.9 billion 113.7 million
3Q/06: $ 9.1 billion 122.5 million
4Q/06: $11.0 billion 133.0 million
SOURCE: CardData (www.carddata.com)

[1]: http://www.carddata.com

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