INSIDE & VISA

INSIDE Contactless has announced an extension of its “MicroPass”
contactless platform with new support for the “VISA Contactless Mini Card”
and has achieved full compliance with Visa’s requirements for security,
performance and functionality of Visa Contactless. The “MicroPass”
platform is available today to Visa USA member financial institutions in
the “VISA Contactless Mini Card” form-factor through Giesecke & Devrient.
INSIDE Contactless is a fabless semiconductor provider.

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Canadian Tire Selects New CEO

Canadian Tire Corporation has appointed Tom Gauld as President and CEO and
a Director of the Corporation. Gauld joined Canadian Tire Financial
Services in 1993 as Vice-President of Marketing and soon assumed the role
of president of Canadian Tire Financial Services and Officer of the
Corporation. Previously, Gauld was President of RoadMaster Leisure Inc.,
Managing Director of Spalding Sports in Europe and President of Spalding
Sports Canada Ltd. and has held a variety of senior management positions
with organizations around the world.

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MOBILE VISA WAVE

VISA International, in collaboration with Maybank, Maxis Communications Berhad (Maxis) and Nokia, has launched the world’s first “Mobile VISA Wave Payment Pilot” in Malaysia. “Mobile VISA Wave Payment” combines Near Field Communications with “VISA Wave Contactless Card” technologies, building on the existing “VISA Wave” contactless card platform. “Mobile VISA Wave Payment” can be made across all merchants in Malaysia that have “VISA Wave”-supported terminals. No change to the current acceptance infrastructure is required. Cardholders selected for the pilot will be issued a phone pre-programmed with their regular Maybankard “VISA Wave” card information. The are currently 2,500 outlets in Malaysia that accept “VISA Wave” and more than 160,000 cards have issued.

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MC Intros 2 Authentication Solutions

MasterCard has unveiled two new authentication solutions for online banking and e-commerce transactions in the U.S. The two solutions offer two-factor authentication which combines PIN and a device. MasterCard’s “All-in-One Authentication Device” and “MasterCard Mobile Authentication” are based on MasterCard’s “OneSmart Chip Authentication Program.” The “All-in-One Authentication Device” is provided by XIRING. The “MasterCard Mobile Authentication” program is currently available through Cardinal Commerce.

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GPN to Provide Card Issuing Services to Orange

Prague-based Global Payments Europe is providing European mobile phone
operator Orange issuing services for its credit card program in
co-operation with GE Money Multiservis. To date, Global Payments Europe
has issued 750,000 cards for GE Money Multiservis and Orange. Global
Payments Europe will process authorizations for transactions using these
cards in Prague, Czech Republic. Global Payments Europe (formerly MUZO)
serves financial institutions with payment services including credit and debit card transaction processing, installation and servicing of ATM and POS terminals.

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Debit Card Reward Programs Spread

Another bank is loading rewards on its debit cards. NY-based First Niagara Bank is introducing “ScoreCard Rewards” for its MasterCard debit cards. Eligible checking customers will be automatically enrolled in “ScoreCard.” They will receive one point for every $3 in signature based debit card transactions, as well as bonus points for opening new savings accounts, home equity loans or lines of credit to reward loyalty. First Niagara has 120 branches across New York state.

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TNB Names a New Natl Sales Manager

Dallas-based TNB Card Services has hired Kenneth Bowers, formerly with CUNA Mutual Group, as SVP/National Sales Manager. Bowers comes to TNB from CUNA Mutual Group, where he was most recently a divisional vice president supporting credit union sales executives in Texas, New Mexico, Oklahoma, Arkansas and Louisiana. He spent much of his tenure with CUNA Mutual working with financial services products such as financial planning, lending solutions, employee benefit plans, and insurance products for credit unions and their members.

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VISA Reveals Business Smart Spenders

A new research commissioned by VISA Europe shows a new breed of “smart
spending” businesses are emerging who shop around both
on-line and off-line, look for the best deals on low cost airlines,
encourage employees to use budget hotels and save on travel costs by using
conference calls when purchasing every day goods and services. One finding
was that the vast majority of businesses believe they are more in control
of their everyday spending than they were two years ago, with the internet
appearing to be one reason for this development. The research was conducted by Datamonitor.

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Card Sites Have Usability Problems

A new report has concluded that the Web sites run by Capital One, Bank of America and Discover are the best when it comes to shopping for a credit card online. Change Sciences Group reveals 54% of sites offering multiple cards do not provide a way for prospects to compare card offers and that 60% of the sites do not communicate clearly that credit card fraud protection is a top priority. The research group also says that 93% of credit card applications have well-understood usability problems. Change Sciences noted that 42% of sites reviewed do not provide a chance to transfer balances from other cards during the application process and that of those sites that do, 85% make transferring balances harder than it needs to be.

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