Global Axcess Closes Coin Security Deal

Global Axcess has closed on the sale of the remaining 50% of its South African subsidiary, Cash Axcess, to Coin Security Group. Global Axcess Corp, through its wholly owned subsidiary, Nationwide Money Services, provides turnkey ATM management solutions that include cash,
project and account management services. NMS currently owns and operates
over 4,600 ATMs in its national network spanning 42 states and provides
proprietary ATM branding and processing for 83 financial institutions with over 700 branded sites nationwide.

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Ingenico and GVR Target Fuel Station Payments

Ingenico and Gilbarco Veeder-Root have joined to develop and deliver comprehensive integrated indoor and outdoor payment technologies that automate petroleum retail sites. Combined, the two firms represent the largest installed global base of indoor and outdoor payment terminals in fuel sites. North Carolina-based Gilbarco Veeder-Root has approximately 30,000 integrated POS systems and 250,000 forecourt card payment devices in operation today.

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ALONG Mobile Technologies and UMPAY Sign a Major Deal

ALONG Mobile Technologies will sign an agreement with Union Mobile Pay, the sole authorized mobile phone payment gateway on China Mobile’s platform, to jointly develop and market bank card, debit card and credit card-based mobile phone payment products and services in China. UMPAY’s key shareholders include China Mobile and China Union Pay. Under the agreement, ALONG will be the wireless payment portal company partner of UMPAY and will work with UMPAY to offer more comprehensive mobile payment products and services.

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ARM M&A Activity On Course for a Record Year

The “Accounts Receivable Management” industry is on course to set a M&A deal value record this year of about $3.5 billion. In the third quarter, activity was characterized by international deals with 22 deals closed— five in Australia, three in the U.K., and one each in Canada and India. The estimated total deal value for completed transactions in the quarter is $536 million according to Kaulkin Ginsberg, However, there are over $1.6 billion in deal value represented in several pending transactions, which are slated to close this year. A notable third quarter deal was National Bank Financial’s acquisition of a majority stake in Credigy Solutions.

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PAYPASS TRIAL

The Royal Bank of Scotland has begun a trial using dual interface EMV debit cards from Giesecke & Devrient. The new “RBS PayPass MasterCard” has been issued to staff members. During the trial, RBS employees are using the cards to make purchases worth up to GBP 10 on the Bank’s premises in Gogarburn, near Edinburgh. The dual interface cards being supplied by G&D are not only able to communicate with card readers over the air, but they can also transfer data conventionally via the contacts on the EMV chip if the transaction value is high or where no contactless reader is available.

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MasterCard Beefs-Up ATM Locator Service

MasterCard has launched a service to help cardholders locate an ATM via a cell phone SMS text message. Customers simply call 1-877-FIND-ATM, and state their coordinates to request the location of the nearest MasterCard ATM. They can then choose to have a text message sent to their cell phone detailing the location of the nearest teller. The new service, which works will all major mobile carriers in the U.S. is provided by MasterCard to cardholders free of charge (carrier text message rates may apply). Each year, two million cardholders contact MasterCard via either telephone or the Web site specifically to find the location of nearby ATMs; some 70% of inquiries are received from international travelers venturing outside their home country. The voice-activated ATM Locator application is provided by Convergys Corporation.

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Yields Slowly But Surely Rebound in 2006

After hitting bottom at 13.18% in February, credit card yield has rebounded to 14.24% in September. Portfolio yield, which is determined by dividing the sum of gross interest and non-interest revenue by the average managed card outstandings and then annualizing, also shows that 2006 levels are hovering at levels not seen in seven years. According to CardData, portfolio yields rose four basis points in September and is up 24 basis points since last year. Among credit card-backed bonds yield increased 23 basis points last month and is four basis points below year-ago levels, according to FitchRatings.

PORTFOLIO YIELDS
2002: 17.50%
2003: 16.72%
2004: 15.82%
2005: 14.01%
2006: 14.24%
Source: CardData (www.carddata.com)

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PrivaCash Gets a Debit Card Patent

OH-based PrivaCash has received a U.S. patent for instant issue debit cards. PrivaCash(R) pioneered the distribution of association branded instant issue debit cards sold at banks as well as retail and other locations. Instant issue prepaid debit cards have rapidly grown in popularity as consumers that do not have a credit card or wish to reduce the risk of identity theft, discover the convenience, security and privacy of managing their money on a debit card they can instantly purchase at over 6,000 bank and retail locations. PrivaCash, Inc. continues to develop new prepaid debit card products and has recently introduced an innovative instant issue direct deposit debit card program.

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Lightspeed Buys the Ultimate Consumer Panel

NJ-based Lightspeed Research has acquired Forrester’s “Ultimate Consumer Panel” business for an undisclosed figure. Forrester Research launched the single-source, opt-in panel in 2004 which electronically captures online and offline behavior from a representative group of more than 10,000 U.S. households. The “Ultimate Consumer Panel” captures three types of data from its panelists including 24,000 electronic monthly statements, online behavior/activities, and survey data. The monthly statements include more than 8,000 credit card statements, 2,800 bank account statements, and 2,500 wireless and 3,700 residential phone bills. As part of the acquisition, members of the “Panel” business team including SVP Gregory Flemming, and Business Development Director, Melissa Hurley Lynch will join Lightspeed and will continue to manage the “Panel” operation and work with the online market research experts at Lightspeed Research. Lightspeed Research provides access to household members across 34 countries in Europe, North America and Asia-Pacific. (CF Library 7/28/04)

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Chase Card Launches a Hispanic Campaign

Chase Card Services has launched a multimillion-dollar Hispanic advertising campaign with a tagline of: “Confia en Ti. Confia en Chase” (“Have Confidence/Believe in yourself, Have Confidence/Believe in Chase”). Television and internet advertising and corporate sponsorships are some of the marketing channels that Chase is utilizing for the widespread campaign. Chase has worked closely with Lapiz, one of the top Hispanic advertising agencies in the U.S., to create television advertising, and with award-winning T3 (The Think Tank) to develop online advertising and strategy. Lapiz (www.lapiz-advertising.com) ranks as one of the top Hispanic advertising agencies in the country, working with such clients as Brown-Forman, JPMorgan Chase, Coca-Cola, GM Goodwrench, and Sara Lee. JPMorgan Chase & Co. is a leading global financial services firm with assets of $1.3 trillion and operations in more than 50 countries.

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