VISA EUROPE Q2

VISA Europe posted a 15.5% gain in gross dollar volume at the point of sale for the twelve month period ending June 30th with 659.7 billion euros. The U.K. is the largest VISA market in Europe posting a 16.6% gain in POS GDV of 253.2 billion euros. France was up 8.3% to 136.1 billion euros, Spain grew 16.2% to 51.0 billion euros, and Italy increase 8.3% to 29.0 billion euros. Among other major European markets Turkey posted the largest jump in POS GDV rising 47.4% to 18.4 billion euros. Poland also reported a solid increase of 22.2% to 4.4 billion euros. The number of cards in Europe rose 20.7% in the second quarter to 289.8 million which includes 173.3 million debit cards, 110.0 million credit cards, and 6.5 million commercial cards.

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New App Detects Card Numbers on a PC

WA-based TrueActive is testing an application that provides real-time credit card number detection on a PC. Using a validation algorithm and operating completely in the open with user knowledge, “TrueActive CardAlert” scans keyboard activity and the Windows clipboard to detect numeric combinations that can be validated as a credit card number. When a match is found, TACA saves only the last four digits to an encrypted file and alerts the user. The credit card number is only evaluated and never stored in full by the application. Only the last four digits are retained for detection and reporting. The application is available free and will cease working on December 31st.

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Capital One to Shut-Down Boise Site

Capital One will close its operations site in Boise, Idaho in mid-2006 eliminating most of its 290 positions by February. Impacted Capital One associates will receive extensive career transition services All full-time associates will be eligible for severance packages and will receive comprehensive outplacement and retraining assistance. Impacted associates may apply for positions at other Capital One locations. Capital One’s subsidiaries collectively had 48.9 million accounts and $83.0 billion in managed loans outstanding as of June 30, 2005.

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ICMA Announces Scholarship Winners

The International Card Manufacturers Association announced the recipients of their sixth annual scholarship: John Skoglund of Minneapolis and Sarah Ruth Ann Young of Churchville, Pennsylvania. Skoglund is a senior mechanical engineering major at the University of Minnesota. Young is a senior chemical engineering major at Drexel University. In its sixth year, the ICMA Technology Scholarship recognizes the children of ICMA members exclusively and is designed to help students perpetuate a career in the technology sector. ICMA is a non-profit association of plastic card manufacturers, personalizers and related industry participants.

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Optimal Payments Acquires a Moneris Portfolio

Montreal-based Optimal Payments has acquired a portfolio of
U.S. merchant processing contracts and associated sales channel
contracts from Moneris Solutions for US$18 million. The acquired
portfolio, comprising approximately 6,500 U.S.-based merchants
processing in excess of $1.5 billion of credit card, debit
card and electronic benefits payments, annually represents a portion
of Moneris’ U.S.-based processing business. The acquired sales channel
comprises approximately 50 ISOs. Moneris Solutions is a joint investment
between the Royal Bank of Canada and the Bank of Montreal. Optimal Group
has operations throughout North America and the United Kingdom.

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MI Realtors Land a VISA Platinum

U.S. Bank and the Michigan Association of REALTORS have launched the “MAR VISA Platinum” card. The MAR will receive contributions each time a new card is activated and again each and every time that card is used. The Michigan Association of REALTORS is a professional trade organization for real estate professionals. It serves its members by advancing the interest of REALTORS and promotes and protects private property rights of Michigan citizens. U.S. Bancorp (NYSE:USB), with $204 billion in assets, is the 6th largest financial holding company in the United States.

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New Sys Turns Card Data into Tokens

Shift4 has launched a system to help merchants and payment application vendors avoid storing payment card information. After swiping a card and getting approval, “Shift4 Tokenization” turns the data sent back to the merchant into a token. A “Token” is a globally unique, randomized representation of credit card data that is 16 characters long. The “Token” spans the lifetime of the transaction and is stored on the POS system. When an incremental authorization is required on the card the “Token” is sent to Shift4. The “Token” represents a specific credit card transaction and card data that is stored in Shift4’s data center. When the “Token” is sent through, Shift4 translates that “Token” into the card data and sends it to the processor. The processor sends back the authorization code; Shift4 turns it back into a “Token” and sends that along with the approval code to the merchants. Shift4 says the system shifts the entire liability to protect the card data back to the gateway.

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GCA Signs Four Casinos for QuikCash Terminals

Casino Lugano, Grand Casino Kursaal Bern, Grand Casino Admiral
Mendvisio, and Casino Davos have signed agreements with Global Cash
Access to deploy GCA’s “QuikCash” cash advance kiosks. The touch screen
terminals provide casino patrons with POS debit and credit card cash
advance transaction options. GCA serves approximately
960 gaming properties and other clients in the U.S., the U.K., Canada
and the Caribbean.

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Citibank Connects with ADA Members

Citibank has launched the “Citi Connection for Dentists” program offering American Dental Association members business credit cards along with auto loans, line of credit, real estate assistance, mortgages and student loans. Citigroup is a global financial services company with 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services.

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Transaction Systems Consolidates

Transaction Systems Architects has combined its three business units into one under the ACI Worldwide name. ACI Worldwide had been TSA’s largest business unit, with nearly 78% of the Company’s revenues over the past twelve months. TSA expects annual pre-tax savings between $6.4 million to $6.7 million. The Company will take a fourth quarter charge of $1.2 million for the restructuring and possibly up to $2.8 million next year. Technology Strategy will be headed by CTO Charles Linberg. Marketing and Business Development will be headed by Jeffrey Hale. Finance will be headed by CFO David Bankhead. Legal will be headed by General Counsel Dennis Byrnes. Administration will be headed by David Morem. TSA also announced that Dennis Jorgensen, President of IntraNet Worldwide, will be retiring.

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Check$mart to Install Q Xpress 200

Ohio-based Check$mart has agreed to install Q Comm’s “Q Xpress 200” POS terminal at 172 locations nationwide. Under the terms of the contact, Check$mart will be able to provide Q Comm’s suite of leading prepaid products to check cashing and payday loan customers, enhancing recurring customer traffic and adding value at the point of sale. Check$mart can also benefit from Q Comm’s online sales reporting tools, which provide employee-level sales reporting. Q Comm International is a prepaid transaction processor that electronically distributes prepaid products from service providers to the point of sale.

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