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WHAT IS CARDFLASH INTERNATIONAL? CARDFLASH® International is a news service for payment card industry professionals. Each day CardFlash® International covers at breaking news stories impacting the international payment card industry. The coverage includes new products and services, quarterly financials on industry players, monthly management benchmarks, mergers and acquisitions, legislative updates, strategic alliances and partnerships, legal issues, management changes and much more. Service is geared towards credit and debit card issuers, smart card and phone card providers, processors, acquirers, transaction and management software producers, transaction terminal suppliers, merchant banks, e-commerce firms or any executive with involvement in the payment card business. A summary of each weeks's stories is transmitted by email week. CardFlash® International subscribers have online access to the current day's news plus all archived news.  = subscription required
Week Of June 30, 2008
  
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Taiwan Cooperative Bank has launched the first "Visa Prepaid" card in Taiwan. The new "TCB Electronic Money" is available for NT$100 at any TCB branch and does not require consumers to open an account or hold a credit line with a bank. (TAIWAN) 
Giant and Citibank have launched the "Giant Citibank" credit card, providing consumers a 2% rebate on all purchases made at Giant stores nationwide and up to 1% rebate on all other purchases. The new card additionally provides cardholders member prices, discounts, no annual fee for the first year.... (MALAYSIA) 
The latest Bloomberg Eurozone Retail "Purchasing Managers' Index" posted the second-fastest rate of decline in the survey's four-and-a-half year history and exceeded by April's record fall. The Index fell fell from 53.1 in May to 44.0 in June. (UNITED KINGDOM) 
In response to high volumes of cross-border payments seen in the Scandinavian market, Equens payment processor will be processing cross-border payment transactions for the OP-Pohjola Group finance group through its single common platform. With its platform capable of processing.... (FINLAND)