ESPN Total Access Rewards VISA Hits $100MM

The new “ESPN Total Access Rewards VISA” has added more than 50,000 new card accounts with balances exceeding $100 million. Washington Mutual and ESPN introduced the card in mid-September with a high-profile media event in New York City, advertising on ESPN TV, radio and ESPN.com, and a marketing direct mail campaign. The card provides traditional rewards, plus unique and attainable sports-related rewards including merchandise, access to sporting events like the Super Bowl and access to ESPN-sponsored events like the ESPY Awards and the X-Games.

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Obopay Partners with Helio’s Young Members

Obopay has partnered with Helio to offer its service to Helio members. Obopay’s comprehensive solution provides mobile customers with a real-time, secure, mobile peer-to-peer payment service, which is linked to an Obopay Prepaid MasterCard(R) account. Obopay Prepaid MasterCard cards are accepted at 24 million merchant locations and over 1.1 million ATMs around the world. Obopay is the first complete mobile payment service in the U.S. that instantly lets consumers get, send and spend money directly from their mobile phones to anyone, anywhere, anytime.

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MasterCard rePower Prepaid Load Network Debuts

MasterCard has teamed with InComm for the successful completion of the first cardholder point of sale transaction using the MasterCard “rePower Load Network.” The new service allows consumers to add money to eligible “MasterCard” or “Maestro” branded prepaid cards at participating merchant locations. InComm will begin offering the solution to the 145,000 stores that comprise its retail distribution network. The first transaction was completed at a Village Pantry, a division of Marsh Grocery, store in Indiana. The solution will be implemented across the chain of 148 Village Pantry locations in Indiana and Ohio. MasterCard and InComm are in ongoing discussions with other merchant partners to expand the offering further.

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ePayments Launches Educational Services

Denver-based ePayments has announced the launch of a new division to serve the education marketplace, specializing in school nutrition programs for grades K through 12. The ePayments lunch program check guarantee offers a 100 percent guarantee on recovering the full value of current-school-year bad checks. ePayments specializes in working with schools, non profits, governments and companies of all sizes that handle payments in the form of check and credit card transactions. Offering a complete range of merchant check and credit card payment processing and support services, ePayments helps businesses, governments, schools and non-profits who receive non-cash payment transactions to reduce their risk while increasing cash flow.

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BB&T Selects Evolution Benefits for HSA Card

BB&T has selected Evolution Benefits to provide card services for its recently announced “Health Savings Account” product. Under the new relationship, BB&T will use Evolution Benefits’ prepaid benefits card services to power the Benefit Access card. The card is issued to consumers who establish individual HSAs through BB&T’s extensive network of more than 1,450 financial centers, as well as those who sign up for BB&T HSAs through their employer. Evolution Benefits, Inc. headquartered in Avon, Connecticut, began operation in 2002. Its primary product, the Benny prepaid benefits card, applies advanced payment and pioneering electronic substantiation technologies to FSAs, HSAs, HRAs and Qualified Transportation Accounts. BB&T Corporation and its subsidiaries offer full-service commercial and retail banking and additional financial services such as insurance, investments, retail brokerage, corporate finance, payment services, international banking, leasing and trust.

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iMergent Boosts Guidance for Fiscal 2007

UT-based iMergent has raised its “Net Dollar Volume of Contracts Written” to grow by 35% compared to fiscal 2006 from 25% to 30% previously predicted. Net dollar volume of contracts written is not equivalent to revenue recognized in accordance with US GAAP. This non-GAAP metric represents cash contracts written plus estimates of future cash collections on financed contracts, net of estimated customer returns. iMergent provides eCommerce solutions to entrepreneurs and small businesses enabling them to market and sell their business products or ideas via the Internet.

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Oberthur Card Systems Names a new CEO

Oberthur Card Systems has named Philippe Geyres as CEO as of January 2nd. Geyres started his career with IBM before joining Schlumberger in 1980. In 1983, he joined Thomson Semiconductors, (which
became SGS-Thomson and then STMicroelectronics), where he managed
business units and later group products. In 2004, he was appointed EVP/Home Personal Communication Group, member of the executive
committee, in which capacity he was responsible for group products in
the areas of telecommunications applications (infrastructure and
equipment) and consumer electronics. With sales of 500.8 million Euros in 2005, Oberthur Card Systems is one of the world’s leading providers of card-based solutions, software and applications including SIM and multi-application smart cards as well as services ranging from consulting to personalization.

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Ceridian Names Two Top Senior Executives

Ceridian has named Perry Cliburn as its new EVP/CTO and Kairus Tarapore as its new EVP of Human Resources. Cliburn formerly was senior vice president and Chief Information Officer for Hewitt Associates, Inc. Prior to Hewitt he held senior technology leadership positions at First Data and Arthur Andersen. Cliburn replaces Robert Severson, Ceridian’s senior vice president of corporate technology, who is retiring at the end of 2006. Tarapore formerly was senior vice president of Global Quality for GE Fleet Services. In previous roles at GE, he served in a number of human resource leadership roles in the United States, Canada and India. Ceridian Corporation (www.ceridian.com) is an information services company serving businesses and employees in the United States, Canada and Europe.

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PSCU InfoLinkPlus Deploys TriCipher TACS

PSCU Financial Services has entered into an agreement to deploy the TriCipher “Armored Credential System” solution as part of its “InfoLinkPlus” service. TACS provides consumers strong digital identity protection when viewing credit card account information online via InfoLinkPlus. PSCU Financial Services is owned by more than 500 member credit unions representing over 10 million cardholder accounts and more than 400,000 online bill payment subscribers. TriCipher, Inc. provides Future Proof Risk Based Authentication. The TriCipher Armored Credential System(TM) (TACS) is the first authentication system that enables companies to deploy and manage multiple types of credentials from a single infrastructure.

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Oyster and Barclaycard VISA to Combine

Cubic has struck an exclusive deal with Barclays Bank for development of a new card that will host both “Oyster” and “Barclaycard VISA” on one piece of plastic in early 2007. The new card will see Oyster included for the first time on a dual interface card. The contact interface will manage Barclaycard payments while the contactless interface will have two separate and distinct functions: Oyster for transit, and a low value, contactless payment capability. Cubic Transportation Systems is the proud recipient of the Frost & Sullivan 2006 Industry Innovation & Advancement of the Year Award.

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Oberthur Card Systems Names a New CEO

Oberthur Card Systems has named Philippe Geyres as CEO as of January 2nd. Geyres started his career with IBM before joining Schlumberger in 1980. In 1983, he joined Thomson Semiconductors, (which became SGS-Thomson and then STMicroelectronics), where he managed business units and later group products. In 2004, he was appointed EVP/Home Personal Communication Group, member of the executive committee, in which capacity he was responsible for group products in the areas of telecommunications applications (infrastructure and equipment) and consumer electronics. With sales of 500.8 million Euros in 2005, Oberthur Card Systems is one of the world’s leading providers of card-based solutions, software and applications including SIM and multi-application smart cards as well as services ranging from consulting to personalization.

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Morgan Stanley to Spin-Off Discover Next Year

Morgan Stanley also announced this morning plans to spin-off Discover by the third quarter of next year. The nation’s fourth largest payment card network has made big progress in past few months inking several acquiring deals with major firms and expanding its acceptance outside the USA. Morgan Stanley’s last CEO, Philip Purcell, wanted to spin-off Discover early last year. Last year, the move could produce a business with a market value between $10 billion and $15 billion. However, the success of the MasterCard IPO may drive Discover’s market cap higher. Discover had 2006 annual net revenues of $4.3 billion and generated strong pre-tax profits of $1.6 billion in 2006. DISCOVER PROFITS 3Q/05: $ 65 million 4Q/05: $479 million 1Q/06: $541 million 2Q/06: $368 million 3Q/06: $199 million Source: CardData ([www.carddata.com][1])

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

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