MobileLime Loyalty Goes Nationwide

Boston-based MobileLime has lined-up its first merchant in Chicago to deploy its marketing and loyalty program linked to mobile phones. Potash Bros. Markets, an upscale Chicago grocery store chain, will use text messaging and email communications to let shoppers know about special sales and events. The cashier also enters the member’s cell phone number at checkout and the shopper receives instant item-level savings towards purchases. MobileLime has similar clients in the Boston area. The Company is also seeking to market a payment service via mobile phones. The Company recently introduced a next generation platform for its “Near Field Communication” solution that enables consumers to get rewards and pay for purchases by waving their cell phone over a contactless reader. (CF Library 2/21/06)

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Diebold Acquires Genpass Service

Diebold confirmed this morning it has signed an agreement to purchase Genpass Service Solutions. GSS is an ATM maintenance and service provider and was a subsidiary of Genpass. Genpass was purchased by U.S. Bank in May. The acquisition will add nearly 100 service professionals and approximately 6,000 ATMs in 34 states to Diebold’s ATM support. Diebold and U.S. Bank also extended their service contract for more than 7,100 U.S. Bank ATMs nationwide.

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ICICI Installs 50,000 VeriFone Payment Systems

VeriFone is delivering 50,000 “Vx 510” payment
systems to ICICI Bank Limited. VeriFone has been working closely with
ICICI since the bank began developing its merchant acquiring business,
and has previously delivered more than 50,000 units of the “Omni 3750”
payment system. The “Vx 510” is part of a new generation of VeriFone solutions targeted at international markets.

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Truworths Selects Fair Isaac’s Strategy Science

Retailer Truworths Limited has implemented Fair Isaac’s “Strategy Science
for Credit Line Management” to help boost the profitability of its credit
card portfolio. “Strategy Science” is designed
to improve business performance by expanding the application of
analytics beyond predictions to actual decisions, and helps businesses
quickly design, test and refine individual account strategies. Truworths
Limited operates through two hundred and fifty seven stores in
South Africa and fourteen franchise operations in Africa and the Middle East.

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NORSIK Reports Dialogue Success

Exstream Software has received positive reports from NORSIK after using
Exstream’s “Dialogue” enterprise personalization software to produce
statements, invoices, insurance policies and other communications for
its customers. NORSIK reports it has streamlined internal processes,
improved effectiveness through integrated marketing campaigns and
significantly reduced application development time and plans to use more
of Dialogue’s capabilities to extend solutions it provides clients. In
particular, the company will further capitalise on Dialogue’s integrated
marketing and campaign tracking capabilities. NORSIK is the leading
producer of cards and card-related services, including the intelligent distribution of its products, for the postal, banking and financial services industries in Norway. Exstream Software provides a single platform to manage higher quality, fully personalised communications of all types for delivery through batch, real-time and interactive channels.

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Marriott Adds Premier VISA Signature

Marriott and Chase have added a “Premier VISA Signature Card” to the “Marriott Rewards” program. First USA upgraded the “Marriott Rewards VISA” program to the “VISA Signature” level in June 2002. First USA was part of Bank One which later merged with Chase. Under the new “Premier VISA Signature” program, cardholders earn five points for every dollar spent at Marriott, two points for every dollar spent on qualified dining, airline and rental car card purchases, and one point for all other card purchases. “Premier” cardholders also receive 15,000 bonus points after their first card purchase; a free night certificate; 15 nights toward “Elite” status every year; plus other status benefits. (CF Library 6/12/02)

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Vakifbank Selects Axalto EMV Package

Axalto announced it is providing Vakifbank with a complete EMV (Europay
MasterCard Visa) package including data preparation, multi-
application cards supply and a turnkey personalization solution.
Vakifbank also selected Axalto to provide its personnel with advanced
corporate badges to ensure identification and secure access to its
networks and premises. The Axalto badge solution combines logical and
physical access. Vakifbank’s employees need only one card to access
their buildings, park their cars, and log on to their networks.
Vakifbank was the fifth largest bank in Turkey with an asset size of
$22 billion.

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ABS 4Q/05

Charge-offs for credit card-backed bonds in the U.K. continued to
deteriorate during the fourth quarter, hitting a record 5.8%, compared
to 4.5% one-year ago and 5.3% for the prior quarter. Delinquencies
remained at 3.4% for the fourth quarter. According to FitchRatings,
several trusts experienced an unusually large spike in charge-offs in
December, higher than any normal seasonal trend. The rating firm also
noted that delinquencies on a monthly basis posted a slight recovery
in October followed by a deterioration in November and to a lesser
extent in December. Meanwhile, the monthly payment rate on credit card
ABS fell significantly in the fourth quarter to 15.9%, compared to 16.9%
for the third quarter. This is the lowest level since December 2004.
FitchRatings says the MPR appears to have been affected by much reduced
balance transfer activity. The Fitch yield index stood at 19.3% at the
end of December, down from 19.6% at the end of September.

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Q4 Top 10 Volume Posts a 12% Y/Y Gain

Fourth quarter gross dollar volume among the nation’s ten largest issuers grew 11.6% year-on-year with aggregate volume of more than $421 billion. Bank of America posted the sharpest rise of more than 43%, while Discover lagged at the bottom of the top ten with a 1.6% growth rate. Capital One, Wells Fargo, and MBNA posted higher than average gains in volume, according to CardData ([www.carddata.com][1]).

4Q/05 GROSS DOLLAR VOLUME
($ billions; ranked by outstandings)
Rank/Issuer 4Q/05 4Q/04 CHNG
1. Chase $79.6 $75.3 + 5.7%
2. Citi $75.8 $71.6 + 5.9%
3. MBNA $62.1 $54.0 +15.1%
4. BofA $39.0 $27.2 +43.4%
5. Cap One* $21.2 $17.8 +19.1%
6. Discover $26.1 $25.7 + 1.6%
7. AmEx $93.0 $83.4 +11.5%
8. HSBC $13.5 $12.5 + 8.0%
9. WaMu $ 4.8 $ 4.7 + 2.1%
10. Wells $ 6.2 $ 5.2 +19.2%
TOTAL $421.3 $377.4 +11.6%
* Cap One is purchase volume only
note: some issuers include international
SOURCE: CardData (www.carddata.com)

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

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