Alliance & Leicester Deploys S1 Software

Alliance & Leicester Commercial Bank has selected S1 Corporation to deploy its next-generation commercial e-banking solution. The S1 Corporate Banking solution will enable Alliance & Leicester to
replace its multiple existing applications with a single, best-of-breed
solution for all its corporate and small to mid-sized commercial
customers. S1 Corporate Banking also offers an integrated service that
will grow with the bank as it offers more online services and as the
adoption of e-banking continues to grow strongly in the U.K. Alliance & Leicester Commercial Bank has $91 billion in assets and 250,000 business and corporate customers.

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Coinstar Machines Blanket Every State

Loose change specialist, Coinstar, has added self-service machines in North and South Dakota, giving it a presence in every state and more than 11,000 coin-counting machines in the United States, Canada, and the United Kingdom. In over 245 million transactions, Coinstar has counted over $8.5 million in change. The latest installations in North and South Dakota offer self-service coin counting along with pay-as-you-go products such as a prepaid MasterCard(R) and prepaid wireless airtime. People who use the Coinstar machine can also donate their change to several non-profit organizations. Coinstar, Inc. offers a range of products and services associated with coin counting, electronic payment solutions, and entertainment services at over 44,000 retail locations.

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MC Europe Merchants & Acquirers Initiative

MasterCard Europe has introduced a new initiative for the merchant and acquiring community. The new initiative includes the publication of MasterCard intra-European MIF rates, the launch of a dedicated merchant Web site, and, publication of a new merchant “Rules Manual.” To spearhead this new initiative, Brian Moore has been appointed to head up merchant strategy for the MasterCard Europe region.
Brian was previously MasterCard Europe SVP and general manager for the UK.

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FAPS Hires Two Top Sales Executives

TX-based First American Payment Systems has hired Russ Goebel, formerly SVP at Retriever Payment Systems, as SVP/Sales and Marketing, and Rusty Martz, formerly Business Development Manager at Paymentech Network Services, as VP/Sales. Mr. Goebel and Mr. Martz’s responsibilities will involve growing and building the company’s sales force and increasing First American’s presence in the industry. Goebel’s objective will be leading and directing sales and marketing efforts across distribution channels for First American. Martz, who served as Business Development Manager at Paymentech Network Services also served as Vice President of Sales at Sterling Technologies. He has obtained a successful background in sales management and business development. First American Payment Systems, L.P. is a provider of full service credit card processing for roughly 75,000 merchants throughout the nation.

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LML Patent Trial Set for April 2006

Vancouver-based LML Patent Corp. and LML Payment Systems says a federal judge has set a trial date in a patent infringement lawsuit filed by LML against four companies who provide equipment, systems and services that convert paper checks presented at the point of sale into electronic transactions. The trial is scheduled for April 17, 2006 in the United States District Court for the District of Delaware. LML filed suit against TeleCheck Services, Electronic Clearing House, Xpresschex, and Nova Information Systems.

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Payment Rates Hit a Record High in August

Consumers continued to pay-off more credit card charges and make more on-time payments during August. Based on $400 billion in asset-backed card bonds, the monthly payment rate for August 2004 hit a record high of 17.16%, well above last August’s rate of 15.63%, and the March 2004 rate of 16.60%. The delinquency rate fell to 4.32% during August from 5.11% a year ago, and 4.74% in March. On a year-over-year basis, the delinquency rate has fallen for the last thirteen consecutive months and the lowest monthly delinquency rate reported since July 2000. Moody’s “Credit Card Credit Indexes” also reported that charge-offs fell to 6.01%, down from 6.88% a year ago. This marks the ninth consecutive month in which the charge-off rate improved after over a year of nearly uninterrupted deterioration. Yield fell to 16.68% in August from 17.33% a year ago. The yield has marginally fallen from year-ago levels for the last three consecutive months.

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VISA Europe Supports the EU Action Plan 2004

VISA Europe is openly supporting the European Commission’s “EU Action Plan 2004 – 2007” which is aimed at preventing fraud on non-cash means of payment. The “Action Plan” builds on the European Commission’s initial plan launched in February 2001. Since then VISA has taken a lead role in migrating Europe to smart cards, providing a EUR162 million investment towards bringing about its pan-European implementation. The European Commission has been a strong supporter of EMV chip migration.

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Lafayette Services and Certegy Team

Lafayette Services, a leading European provider for card, credit, and loyalty programs for retail and end consumers has signed a MOU with Certegy. The MOU contains the basic terms upon which Certegy intends to provide a wide range of card and loan processing services to LaSer subsidiaries throughout Europe. Under the terms of the MOU, Certegy intends to provide private label, bankcard, chip card, and consumer loan processing and support services to LaSer subsidiaries located in five countries throughout Europe, including: Creation Financial Services and Sygma Bank (United Kingdom); PrimeLine Services B.V. (Netherlands); Credifin (Portugal); Banco Sygma Hispana (Spain); and Fidexis (Belgium).

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Hatton National Bank and ICICI Launch Money2Lanka

Hatton National Bank of Sri Lanka and ICICI Bank Canada have launched a cross-border product that will allow non-resident Sri Lankans residing in Canada to transfer funds to Sri Lanka generally within one working day. The new “Money2Lanka” service is targeted at 200,000
Sri Lankans living in Canada. ICICI Bank Limited is India’s second largest bank with an asset base of $28 billion.

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KeyCorp to Acquire AmEx Business Finance Corp

KeyCorp’s Key Equipment Finance has inked a deal to acquire the equipment leasing unit of American Express’ small business division, American Express Business Finance. American Express Business Finance (AEBF) is a leading commercial finance company, providing capital for small and middle market businesses. It has a portfolio of roughly $1.5 billion (as of September 30, 2004) and lease solutions ranging from $25,000-$75,000 for capital purchases. Key Equipment Finance (KEF) is currently the nation’s third-largest bank-based equipment financing company, with a portfolio of about $10 billion. The acquisition will make KEF a leader in the “small ticket” lease segment, increasing KEF’s office network for small-ticket lease solutions to the widest geographic reach of any provider in that segment. Pending approval, the transaction is expected to be complete in the fourth quarter. Key Equipment Business, an affiliate of KeyCorp, provides business-to-business equipment financing solutions to many types of businesses. American Express Business Finance, a division of American Express, provides fast and reliable financing for business equipment via enrolled vendor partners.

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Europe – Most Lucrative Card Market

The International Card Manufacturers Association’s “Sixth Annual Card Manufacturing Global Market Survey” found that Europe continues to be the most lucrative market as measured in dollars. Major findings revealed that globally, in 2003, approximately 11.7 billion cards were manufactured, a 9.3% growth rate. The global card marketing measure in U.S. dollars increased 27.1% to $6.1 billion. The survey found that traditional cards represent 83.8% of the units and 21.3% of the
dollars while chip cards represent 16.2% of the units and 78.7% of the
dollars on a global basis; non-secure cards represent 42.9% of the global card unit market; and that financial hologram cards represent 11.9% of the global card unit market.

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Rewards Network Sales & Profits Slip in Q3

Chicago-based Rewards Network reported that total operating revenue for 3Q/04 was $23.1 million, a decrease of 7.2% compared the same period last year. Sales declined 3% to $86.8 million. Net income for the quarter was $3.0 million compared to $4.4 million for 3Q/03. The Company closed the quarter with 3.7 million active members, up 12.7%. Nearly 22,000 merchants now participate in the Company’s programs including 10,611 restaurants and 11,111 hotels. Rewards Network provides loyalty and rewards programs for restaurants and hotels via its registered credit card platform. The Company recently expanded into Canada. For complete details on Rewards Network third quarter performance, visit CardData ([www.carddata.com][1]).

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

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