Infineon Opens a Major Plant in Suzhou

Germany’s Infineon Technologies has opened a plant in Suzhou, about 80 km to the west of Shanghai. The first memory products are expected to roll-off the backend production line by the end of this year. Infineon Technologies Suzhou Co., Ltd. will have a maximum capacity of up to one billion memory chips a year. Infineon holds 72.5% of the shares of the joint venture, China-Singapore Suzhou Industrial Park Venture Co. holds the remaining. Total planned investment in the project amounts to around US$1 billion. When operating at full capacity, Infineon Technologies Suzhou will employ over 1,000 people. Infineon has been a player in China since October 1994.

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Moneris Solutions to Offer Peppercoin 2.0

Moneris Solutions has formed an alliance with Peppercoin to meet the small payments processing needs of merchants. Peppercoin, a micropayments company, recently introduced the “Peppercoin 2.0” system to reduce transaction processing and customer service costs while driving increased small payments traffic over the payments network.
Peppercoin’s small payments suite complements Moneris’ portfolio of
solutions that enable merchants to accept credit and debit cards, paper
and electronic checks, and gift and loyalty cards. Moneris Solutions will make “Peppercoin 2.0” available to its existing merchants
and Peppercoin merchants by the end of the year.

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SPIRA & TSYS

Spira de Mexico, S.A. de C.V. has signed a five-year processing agreement with TSYS. Spira de Mexico is a newly formed joint venture company of Grupo Financiero Uno and Invex Grupo Financiero. Spira will also utilize TSYS risk management, portfolio management and reporting tools. Additionally, TSYS de Mexico will support Spira’s production, statement and card personalization needs out of its Toluca, Mexico facility.

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Advanta to Offer Interland Website Services

Advanta has signed a multi-year deal to market and promote Interland’s Website creation and marketing services to small businesses. Working with Interland enables Advanta to promote to over 20 million U.S. small businesses the value of online success including the creation of an effective site, executing online marketing programs, and creating e-commerce selling opportunities. Focusing on the small business market and related community, Advanta provides funding and support to small businesses nationwide. It is one of the largest issuers of MasterCard business credit cards to small businesses. Interland, Inc. is a Web hosting and online services company who focuses on helping small to medium businesses become successful by providing services used to promote businesses online.

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TSYS to Process for Spira de Mexico

Spira de Mexico, S.A. de C.V. has signed a five-year processing agreement with TSYS. Spira de Mexico is a newly formed joint venture company of Grupo Financiero Uno and Invex Grupo Financiero. Spira will also utilize TSYS risk management, portfolio management and reporting tools. Additionally, TSYS de Mexico will support Spira’s production, statement and card personalization needs out of its Toluca, Mexico facility.

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NBS Technologies Acquires Cybernetix Microelectronique

Toronto-based NBS Technologies has agreed to purchase the assets and assume certain liabilities of Cybernetix Microelectronique C$12 million in cash. Marseille, France-based Microelectronique, a subsidiary of Cybernetix, designs and manufactures automated equipment systems for the production, testing and personalization of, smart cards (contact, contactless and dual interface), smart objects, electronic labels and micromodules, as well as RFID products for applications in telecommunications, ID, security, banking and transportation. In addition, Microelectronique designs and manufacturers equipment for
handling, sorting, packing, unpacking, inspection, wet processing,
personalization and testing of semiconductor wafers.

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OTI Unloads InterCard Kartensysteme

On Track Innovations has decided to sell its wholly-owned German
subsidiary, InterCard Kartensysteme GmbH for US$2.5 million. The subsidiary is engaged in the sale and support of closed campus systems. OTI says it is considered to be a highly competitive market with relatively low margins and high operating expenses. However, OTI will retain its profitable InterCard Systemelectronic GmbH subsidiary, which provides OEM and electronics manufacturing services. OTI designs,
develops and markets secure contactless microprocessor-based smart card
technology to address the needs of a wide variety of markets.

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MasterCard Names its New Technology Chief

MasterCard International has named Roy Dunbar to succeed Jerry McElhatton as president of its Global Technology and Operations. Dunbar comes from Eli Lilly, where he has served for 14 years and oversaw more than 2,700 technology professionals. In 2003, Information Week named Dunbar as CIO of the Year. During his 10 years with MasterCard, McElhatton oversaw the investment of more than $160 million in MasterCard’s core technology as part of the company’s “Systems Enhancement Strategy,” including the building of the Global Technology and Operations headquarters near St. Louis. He also managed the integration with Europay International. MasterCard’s global network authorizes as many as 40 million card transactions and settles as much as $10 billion on a single day.

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MasterCard & British Airways Launch a Promotion

MasterCard and British Airways launched a promotion to give MasterCard cardholders flying out of Singapore a complimentary one-way upgrade to “First Class” service. Cardholders are required to purchase a return flight on “Club World” with British Airways. The promotion runs from September 23rd to October 14th. The promotion extends to cardholders traveling from Singapore to Sydney, Melbourne and London. Travel must be completed by November 30th. For details MasterCard cardholders should contact any NATAS travel agent or British Airways.

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MS CARDS 3Q/04

Morgan Stanley reported that credit card outstandings for its British MasterCards increased 7% during the quarter ending August 31st. The
number of accounts for its “Classic,” “Gold,” “Platinum,” and “buy &
fly!” cards rose 9% to 1.2 million, compared to one-year ago.
At the end of the quarter, Morgan Stanley, which issues the Discover card in the USA, posted $2.337 billion in managed card loans, compared to $2.180 billion for the third quarter of 2003. However, compared to the prior two quarters, card loans declined. In the prior quarter, MS reported $2.409 billion in managed card loans, and $2.463 billion in managed card loans for the first quarter of this year. Morgan Stanley recently added the “buy and fly! MasterCard” which earns one point for every GBP10 of purchases with bonus points earned for purchases made at participating U.K. retail merchant partners. Points can be redeemed for travel on 17 airlines. MS introduced its first credit card in the U.K. in 1999. For complete details on Morgan Stanley’s latest performance visit CardData (www.carddata.com).

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Global Payments Revenues Climb 41% in Q3

Atlanta-based Global Payments reported that revenues grew 41% to $193 million during the quarter ending August 31st. Net income for the quarter grew 53% to $24.2 million, compared to one-year ago. The growth was fueled by its recent DolEx and MUZO acquisitions which produced more than $31 million in quarterly revenues. GPN also says the strong growth in its core domestic direct channel was driven by solid transaction growth and a continued increase in pricing spreads. As a result, the Company raised its annual revenue guidance from the previous range of $722-$743 million to a revised range of $737-$758 million versus $629 million in fiscal 2004, a growth of 17% to 21%. During the quarter, GPN acquired the remaining 49% interest in the “Cash & Win” service from Comerica Bank. “Cash & Win” provides credit and debit card cash advance service to patrons of the gaming industry. For complete details on GPN’s latest performance visit CardData ([www.carddata.com][1]).

GPN REVENUE HISTORICAL 3Q/03: $137 million 4Q/03: $148 million 1Q/04: $163 million 2Q/04: $182 million 3Q/04: $193 million Source: CardData ([www.carddata.com][2])

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

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