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March 11, 2008

Glenbrook Payments Boot Camp Update - Atlanta, Georgia

The time has come for a last call for registrations for Glenbrook's Payments Boot Camp next week (Tuesday-Wednesday, March 18-19) in Atlanta, Georgia. If you're interested in attending, please register right away!

Glenbrook's Payments Boot Camps provide a "deep dive" on U.S. payments systems - covering soup-to-nuts, basics through emerging payments. After the Atlanta Payments Boot Camp next week, our next Payments Book Camp will be held in New York City on April 16-17.

More Debit Card Use at POS, Declining Usage at ATMs

At its 7th Annual Debit Conference, MasterCard Europe has announced what it calls "the emergence of a series of significant cross-border purchasing trends in Europe coinciding with the official launch of the Single Euro(pean) Payments Area (SEPA)."

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Concerns about Payments Fraud

The Association for Financial Professionals reports results from its 2008 AFP Payments Fraud and Control Survey concluding that" "payments fraud continues to challenge treasury and finance professionals, with almost one third of respondents to a new AFP survey reporting that incidents of fraud increased in 2007 compared to 2006."

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A Look at Target's Credit Card Business

In today's "Heard on the Street" column in the Wall St. Journal, Peter Eavis looks at the growth in Target's credit card outstandings - up 29% to $8.62 billion vs. last year.

Experian, eBureau Partner on Credit Scoring Tool for Unbanked

Experian has announced the launch of Emerging Credit Score, a new credit scoring tool developed with eBureau designed to assist lenders in evaluating the creditworthiness of unbanked and underbanked consumers.

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Some Worries About Mobile Payments

In an article titled 'Mobile Payments--A Growing Threat', the Bureau of International Narcotics and Law Enforcement Affairs of the US Department of State discusses mobile payments and worries about them saying that 'there are already indications that money launderers and those that finance terrorism will avail themselves of the new m-payment systems.' The article concludes by saying that 'much work and creative thinking will be required to maintain the advantages NPMs ('new payment methods'), including m-payments offer, while at the same time preventing exploitation and misuse by money launderers and terrorist financiers and simultaneously protecting user privacy and the integrity of the global financial systems.'

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