e-onlinedata and Total Online Target ISPs

Ohio-based e-onlinedata and Total Online Solutions have launched new program whereby Web Hosts and ISPs can get a direct Internet merchant account and Authorize.Net payment gateway with a 2.10% Qualified Visa/MasterCard Discount Rate and 20 cents per transaction with no monthly minimum, no cancellation penalties, no AVS fees and lower chargeback fees. Total Online Solutions, Inc’s. product, AWBS (Advanced Webhost Billing System) is a billing/provisioning package. e-onlinedata is an Internet credit card processor.

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Gemplus Launches a Contactless Payment Solution

Gemplus International has unveiled its solution for contactless payment. “GemInstant PayPass” achieved all of the MasterCard PayPass approval requirements on June 30th, bringing to the banks a contactless solution compliant with the MasterCard “PayPass” specifications and testing requirements. The cards will be produced at Gemplus’ recently enhanced card manufacturing facility in Pennsylvania, starting in July. 7-Eleven agreed to accept “MasterCard PayPass” in its 5,300 U.S. locations by early 2006. In April, MasterCard and MD-based Ritz Camera Centers expanded MasterCard “PayPass” acceptance to each of the more than 1,100 Ritz Camera Centers and 114 Boater’s World Marine Centers. PA-based c-store operator, Sheetz, deployed “PayPass” system-wide in March of this year. In August 2004, McDonald’s inked a deal to accept MasterCard “PayPass.”

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Berman Joins the NovaStar Financial Board

Donald Berman, Chairman and CEO of CardWorks, has been named to NovaStar Financial’s board. As CEO of CardWorks. Berman oversees two wholly owned subsidiaries: Cardholder Management Services, Inc. a third-party credit card servicing company for more than five million MasterCard and Visa card accounts and Merrick Bank, serving more than 700,000 cardholders with more than $600 million in assets. Berman is a graduate of the University of Maryland. NovaStar Financial, Inc. specializes in single-family, nonconforming mortgages that fall outside conventional mortgage agency guidelines.

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Avanquest Offers CardService Functionality

Avanquest Software has integrated merchant credit card account functionality from Cardservice International into its “MySoftware” line of small business productivity products beginning in August. Cardservice enables small business users of Avanquest’s finance software to establish a merchant credit card account and process customer payments online with immediate notification of insufficient funds and automatic payment scheduling. Avanquest Software is a global developer and publisher of software designed for utilities, office productivity, communications and mobility worldwide. Cardservice International is a wholly owned subsidiary of First Data Corporation (FDC) and processes more than $10 billion in annual credit card volume for its customer base of 200,000 merchants.

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Hitachi/Kabira Develops Linux Transaction Platform

Hitachi and Kabira Technologies have teamed to co-develop a Linux-based transaction processing system on Hitachi’s integrated service platform “BladeSymphony.” Under the terms of the agreement, the collaboration combines Hitachi’s mission critical hardware platform expertise and Kabira’s real-time transaction software expertise. The joint solution will be optimized for Hitachi’s “Itanium” 2-based 8way scalable blade server supporting real-time transaction processing and non-stop high availability built on “Red Hat Enterprise Linux 4.”

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Heuristic Technologies Signs tevixMD

Heuristic Technologies has signed an agreement with tevixMD for clearinghouse data processing services. The clearinghouse services are primarily used to transport medical insurance claim information from healthcare providers to insurance companies and others for payment processing. tevixMD is a leading healthcare technology company, offering products that improve payment and collection processing for healthcare providers. Cash Technologies, Inc’s. Heuristic subsidiary creates and markets medical and employee benefits data processing solutions and debit card programs.

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IA & AMEX CARD

Indian Airlines and American Express have expanded their relationship with the launch of a new credit card. The partners currently issue a standard and a gold AmEx charge card. The new credit card offers 15% savings on all Indian Airlines economy class fares, 10% savings on all business class fares, 5% savings on “Easy Fares,” and an additional 5% saving on all class fares when tickets are purchased
through American Express. New accountholders receive an annual fee waiver for the first year by applying before August 31st. The card offers an interest rate of 1.9% per month or 22.8% per annum.

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VISA Adds Luggage Perk to TravelMoney

VISA USA has added lost luggage coverage to its “VISA TravelMoney” product. This is the first prepaid card to offer such a feature. Cardholders are eligible to be reimbursed up to $1,000 per account to replace luggage and its contents, if the common carrier loses their checked or carry-on luggage. The lost luggage reimbursement policy is not contingent upon the purchase of travel with the card. Travelers simply need to be a registered “VISA TravelMoney” cardholder, with an activated and eligible card.

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APR DEBIT

After peaking at A$7.7 billion in December, debit card EFT/POS volume tapered off to A$6.4 billion in April. Year-over-year debit card volume is up 12%, a slight gain from the prior month’s growth rate. Over the past five years debit card volume has grown 246%. During April, Australians used debit cards for A$5.1 billion in purchases with 82 million transactions. Total EFT/POS transactions were 96.0 million for April according to the Reserve Bank of Australia. Over the past twelve months, Australians have used debit cards for A$76.1 billion in purchases and cash transactions. There are 25.0 million debit card accounts in the country at the end of April, compared to 24.6 million one-year ago.

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Hitachi & Kabira to Create a Linux System

Hitachi and Kabira Technologies have teamed to co-develop a Linux-based transaction processing system on Hitachi’s integrated service platform “BladeSymphony.” Under the terms of the agreement, the collaboration combines Hitachi’s mission critical hardware platform expertise and Kabira’s real-time transaction software expertise. The joint solution will be optimized for Hitachi’s “Itanium” 2-based 8way scalable blade server supporting real-time transaction processing and non-stop high availability built on “Red Hat Enterprise Linux 4.”

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