Ernex Integrates Loyalty Solution with VeriFone

Ernex has integrated its real-time loyalty and stored-value gift card
solutions with the VeriFone “Omni 3750”. The “Omni 3750” meets the latest
industry security standards and supports
a full range of loyalty and gift card, credit and debit electronic
payment options. The modular architecture of the “Omni 3750” ensures
“future-proof” solutions that can quickly and easily be upgraded, as
customers’ needs change. With an ATM-style interface, clam-shell printer
and large backlit display, operator training is simplified and costly
errors are minimized.

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VISA Appoints Two New Managers

VISA International has appointed Andy McCowan to the role of Senior
Business Development Manager and Sarah Eglinton as Marketing Manager.
In his new role, McCowan will support
banks in New Zealand helping them to implement new products and grow and
develop their existing VISA card issuing and acquiring portfolios. As
New Zealand Marketing Manager, Eglinton will be responsible for driving
the strategic direction of the VISA brand in New Zealand and providing a
local conduit between the brand and the major New Zealand banks. VISA
has nearly two million cards on issue and more than 100,000 merchant
acceptance locations in New Zealand.

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All AA Flights to Accept Cards Onboard

American Airlines is rolling-out in-flight credit card acceptance on all of its domestic and international flights by mid-June. This week, the nation’s largest airline began phasing in the program for onboard purchases. American will be the first U.S. airline with a global network to offer this option onboard all aircraft. AA will use wireless handheld devices that operate using “Windows Mobile” technology. Working with American Express, AA’s full-scale launch follows successful testing executed last year. AA was the first airline to accept the American Express cards in 1960 and launched a cobranded card with AmEx in 2003. Some other airlines, including United, offer onboard credit card acceptance for in-flight shopping on international flights.

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StepNexus Authentication Technology Wins Award

Hitachi’s deployment of finger vein biometric authentication technology,
powered by the StepNexus “MULTOS” smart card platform has won Card
Technology Magazine’s annual “Breakthrough Innovation” award. The advanced finger vein authentication technology developed by Hitachi
relies on clearly identifiable and unique pattern of veins in a finger.
Without physically touching a scanner, a user’s identity is verified while
dramatically increasing security and fraud detection. StepNexus MULTOS
smart cards support matching the finger vein image within the secure
confines of the smart card. The finger vein application can be issued
alongside the EMV (Europay, MasterCard, Visa) payment application of the
card issuers. MULTOS is the world’s highest security, open standard smart
card platform and the Global MULTOS Key Management Authority.
Hitachi, Ltd with total sales of 9,464.8 billion yen ($80.9 billion).
StepNexus is a joint venture between Oak Hill Venture Partners, Keycorp,
Hitachi and MasterCard International.

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Banco Itau Buys BofA’s BankBoston Local Portfolio

Banco Itau Holding Financeira and Itausa Investimentos Itau
have entered into an agreement with Bank of America Corporation for the acquisition of BankBoston in Brazil. The deal also gives the exclusive right for ITAU to acquire BKB’s operations in Chile and Uruguay. This transaction is the largest stock swap ever to be completed in the Brazilian financial services industry. BankBoston Brazil has approximately R$26 billion in assets under management.

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Global Axcess Ponders a Sale or Merger

FL-based Global Axcess said yesterday it is considering the sale of the Company in response to recent expressions of interest. This week, Global Axcess, an ATM specialist, reported revenues of $19.6 million for full-year 2005, an increase of 41% over 2004. Net loss was $700,000, compared to net income of $1.1 million for the prior year. Global Axcess owns Nationwide Money Services which currently owns and operates over 5,000 ATMs in 42 states. NMS also provides proprietary ATM branding and processing for 80 financial institutions with over 750 branded sites nationwide. For complete details on Global Axcess’ performance, visit CardData ([www.carddata.com][1]).

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

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New MasterCard Board to Form After IPO

Following an upcoming US$2.7 billion IPO, MasterCard announced yesterday it will change most of the Directors on its current Board to outside members. Six new board members were named and four more will be selected within the next year to serve with two current members, including MasterCard’s CEO. The six new directors are: Manoel Amorim of Brazil’s Telefonica International; David Carlucci of Connecticut-based IMS Health; Richard Haythornthwaite of the UK’s Star Capital Partners; Marc Olivie of Belgium’s Agfa-Gevaert Group; Mark Schwartz, formerly of Soros Fund Management; and Edward Suning Tian of China’s China Netcom Group. The six new directors will join the Board after the IPO. MasterCard says it expects all of its other current Directors will resign. However, two current members, Bob Selander, MasterCard’s CEO, and Norman McLuskie, chairman of the retail division at Royal Bank of Scotland Group will remain. Over the next twelve months two more Directors will be elected by the company’s public shareholders and another two Directors will be elected by MasterCard’s bank shareholders.

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MasterCard’s Board to Change Post IPO

Following an upcoming $2.7 billion IPO, MasterCard announced yesterday it will change most of the Directors on its current Board to outside members. Six new board members were named and four more will be selected within the next year to serve with two current members, including MasterCard’s CEO. The six new directors are: Manoel Amorim of Brazil’s Telefonica International; David Carlucci of Connecticut-based IMS Health; Richard Haythornthwaite of the UK’s Star Capital Partners; Marc Olivie of Belgium’s Agfa-Gevaert Group; Mark Schwartz, formerly of Soros Fund Management; and Edward Suning Tian of China’s China Netcom Group. The six new directors will join the Board after the IPO. MasterCard says it expects all of its other current Directors will resign. However, two current members, Bob Selander, MasterCard’s CEO, and Norman McLuskie, chairman of the retail division at Royal Bank of Scotland Group will remain. Over the next twelve months two more Directors will be elected by the company’s public shareholders and another two Directors will be elected by MasterCard’s bank shareholders.

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Axalto and S2M Launch EMV Cards Personalization

Axalto has supplied an EMV personalization solution to the Moroccan-based
“Societe Maghrebine de Monetique” (S2M). Axalto provided S2M with a
complete EMV package including consulting services, data preparation tools
and a personalization software suite. The first smart banking cards will be issued by mid-2006. Axalto also supplied the associated
training to allow S2M to adapt their own personalization scripts to
specific profiles, cards and applications that banks may request. S2M
provides payment system solutions.

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PELORUS Hosts a Stored Value Conference

USA Technologies reports that 48 Dave and Buster’s Games Arcades and Restaurants nationwide have deployed “e-Port” equipped vending machines. USA Technologies’ e-Port cashless transaction technology is expanding into the games arcades and family entertainment and restaurant business. The e-Port devices were deployed by Universal Vending Management, a distributor of USA Technologies cashless transaction product line and USALive Network and support services.

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AT&T And First Data Sign Networking Contract

AT&T has entered into a three-year networking contract with First Data
International for the provision of a new MPLS-based virtual private
network The new network will connect First Data offices in
Sydney, Hong Kong and the newly opened Singapore office. The AT&T
solution will give First Data’s staff in both Sydney and Singapore an
integrated, converged VPN solution for voice and data. This agreement
is AT&T’s first local deal in Australia, as its continues
to ramp up its presence in the region.

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