FreeStar Technology Gets $9.2MM in New Financing

FreeStar Technology Corp announced that it terminated the previously
announced private placement with a European finance group led by Soren
Moberg and reached terms with new investors, lead by Olympia Holding AS,
for $9.2 million in financing on the same terms as the terminated
financing. In addition, FreeStar Technology reported that the first
payment of $4.6 million had been received from the new investors. The
terms agreed to with Olympia and the new investors provide for the
purchase of 46 million newly issued shares under Regulations S of
restricted common stock at $0.20 per share and two-year warrants to
purchase 14 million shares at a strike price of $1.50, as well as an
additional 36 million warrants at a strike prices ranging from $2.50 to
$8.50.

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GO!CARD

Kazkommertsbank has chosen Welcome “XLS” to launch their
new “GO!Card” credit card. The “GO!Card” is designed to stimulate
spending with the use of enhanced payment features such as bonus points
accumulated instantly on the card’s chip, which can then be spent at any
participating merchant location. The amount of bonuses provided differs
from merchant to merchant and could be up to 20% of the total purchase
amount at some locations. In 2005, the “GO!Card” was launched in
Astana and Alamaty. The launch in other regions of Kazakhstan is
scheduled this year. Welcome is a provider of payment software that
utilizes the full capabilities of EMV standard chip credit and debit
cards. Kazkommertsbank is the largest private, full-service bank in
Kazakhstan with total assets of 8.9 billion at year end 2005.

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INSIDE LEADERSHIP

Aix En Provence-based INSIDE Contactless has moved its Chairman into the CEO spot with the departure of its founder. Remy de Tonnac will replace Jacek Kowalski who founded and managed the Company since 1995.
Kowalski says he wants to explore other opportunities within the contactless and near field communication space. As a Partner of the VERTEX Management funds in Europe, Remy sits on the board of several technology and services companies of the VERTEX portfolio, including the chairmanship of INSIDE Contactless. Prior to joining VERTEX in 2001, Remy was with GEMPLUS.

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PPI and Tyler Target Government Agencies

Payment Processing Incorporated and Tyler Technologies have teamed to offer an integrated payment processing solution for its “EDEN” software developed exclusively for government agencies and municipalities. PPI will provide a complete integrated payment solution for credit card support for EDEN cashiering, e-commerce web portal and Interactive Voice Response. Government agencies use these solutions for billing and payment of permits, taxes, utilities, and licenses. Payment Processing provides integrated payment processing solutions.

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India Fastest Growing in Tourist Spending

A new report from VISA Asia Pacific indicates that India is the
fastest-growing Asia Pacific market for international tourist spending.
Tourists to India spent US$372 million during the fourth quarter of
2005, a 25% increase over the same period in 2004. Overall,
international travelers to and within the region spent $6.5 billion on
their VISA cards in the final quarter of 2005, representing a 12% increase
over the same period in 2004 and a 14% increase over the third quarter
in 2005 [$5.8 billion]. Tourists from the US, UK, Japan, Australia and
Hong Kong were the biggest spenders in
the Asia Pacific, accounting for 54% of total spending on VISA
cards between October and December 2005. In all, international tourists
made over 42 million VISA transactions in the region between October and
the end of December 2005 and withdrew $1.4 billion in cash at ATMs and
over-the-counter outlets.

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Debit & Prepaid Cards Soar in Latin America

VISA International reports that debit and prepaid card sales volume has
risen sharply in the Latin America and Caribbean region. Also, the
number of debit and prepaid cards crossed the 150 million card milestone
in 2005. VISA has 63 million credit cards in the region. Debit and
prepaid card sales volume rose 50% during 2005, while credit card sales
volume rose 39%. Total volume at the POS was $83 billion with more than
2.6 billion transactions.

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LG Card Goes on Sale April 12th

After much wrangling among creditors, LG Card is finally going on the selling block. Korea Development Bank , working with JP Morgan, says the bidding will start on April 12th and will end on April 19th. The creditors are looking to sell at least 51% of South Korea’s largest card issuer. The deal is expected to fetch at least US$4 billion. Woori Financial, Hana Financial, HSBC, and Citibank are rumored to be interested in the portfolio. LG Card has posted four consecutive quarters of solid profitability. In the third quarter of 2004, the issuer reported a 46.8 billion won loss. Since then, LG Card has earned 1.47 trillion won. In the first quarter of this year, the issuer earned 479.8 billion won.

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Keynote Ranks Discovercard.com as #1

Discovercard.com has been ranked number one in online customer experience in a recent study performed by Keynote Systems. The Keynote study evaluated the experience of 2,000 prospective credit card customers, using over 250 criteria to analyze the leading credit card Web sites in terms of the overall customer experience and technical service issues, such as site responsiveness and reliability. According to the study, almost two-thirds of study participants (71 percent) cited Discover as the easiest credit card company to deal with online as well as the easiest credit card to apply for online.

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NTT DoCoMo and LAWSON Partner for Wallet Phones

NTT DoCoMo and LAWSON have entered into a business alliance that will
result in customers using DoCoMo’s “Osaifu-Keita” phones with wallet
functions for a variety of practical mobile services at LAWSON convenience
stores. The deals will converge substantial business assets of the two
companies, namely DoCoMo’s more than 50 million mobile phone subscribers
and LAWSON’s some 8,300 convenience stores nationwide. In addition,
DoCoMo will acquire 2,092,000 shares of LAWSON common stock owned by
LAWSON as treasury stock, or about 2% of total issued shares, for about
nine billion yen on tentatively scheduled for April 14, 2006. LAWSON is
the one of biggest franchiser for convenience stores business in Japan.

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Triton ATM Shipments Rise 21% in 2005

Mississippi-based Triton reports it shipped a total of 20,481 ATMs worldwide last year, with 14,782 of those shipments representing U.S. sales, a 21% increase from its 2004 U.S. shipments. International sales numbers increased in several targeted markets including Asia, Australia, Canada and South Africa. Triton is a provider of off-premise ATMs and ATM management software in North America.

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LG Card to Deploy Blue Coat Protection

LG Card has deployed Blue Coat’s “SG-Series” and “AV-Series” appliances to
protect its corporate network and customer database from spyware, viruses
and other security threats and to ensure the privacy and integrity of its
data. LG Card offers installment financing, consumer loans and leasing as
well as credit card services to more then 9.8 million cardholders in South
Korea. In the past, its network had experienced several security
threats, including spyware and other virus attacks that caused a slow down
in overall operations. Blue Coat secures Web communications and
accelerates business applications across the distributed enterprise.

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