The Prepaid Press - October 15, 2008 - (Page 1)

5 Minutes With Saul Bienenfeld President of Pop2Call Page 7 FREE Subscription for Prepaid Industry Professionals. Electronic and Print Versions Available www.prepaid-press.com/subscribe The Prepaid Press Real News, Right Now! REAL NEWS, RIGHT NOW! October 15, 2008. Volume 7. Number 10 Also in this issue CALLING CARDS Will the Coming Market Bring You Problems or Opportunities? Page 12 PREPAID WIRELESS Race to Grab Share of $100 Billion Money Transfer Market By Ingrid Ricks With all the talk about the $700 plus billion that will be required to stop the financial avalanche on Wall Street, a $100 billion might not sound like a lot of money these days. But it’s plenty for the companies that are scrambling to enter the fast-evolving mobile money remittance space and cash in on the world’s biggest – and growing –money transfer market sector. Their target is the U.S. to Latin America market, which accounts for at least a fourth of the estimated $350 to $450 billion sent internationally each year. Industry players say statistics on the size of the U.S. to Latin America money transfer market vary depending on the source, but they all contend that it’s much greater than what is officially being reported. And they all believe that mobile remittance services are the key to getting a piece of the cash cow that, until now, has been largely monopolized by Western Union and other traditional money services companies. “When it comes to mobile banking and financial services, mobile remittance is the low hanging fruit,” notes Daniel Csoka, Founder and CEO Mobile Remittance Providers Look to Latin America Prepaid Wireless Roundup Page 8 RETAIL FOCUS Promotions “Must-Have” Strategy for Prepaid Page 22 of aKos Technology Corporation, which has developed a mobile remittance service tied to the purchase of prepaid wireless minutes. “That is where the big opportunity is.” The Case for Mobile Remittance It takes only a base understanding of the current money transfer process to realize why mobile remittance services – which enable people to send money internationally via their cell phones – are so attractive. Under a traditional money transfer scenario, a person is required to physically go to a money services location to send money. A typical money transfer can cost anywhere from $15 and up, and can take at least a day to arrive at its destination. And to obtain the money, the recipient must go to a designated money transfer location in Continues on page 18 Texas Jury Awards $2.5 Million by Gene Retske Oblio has won the first in a series of legal actions it initiated to stop what it said was fraud against it. A Dallas, Texas jury awarded Titan’s Oblio Telecom $2.5 million in a civil case that was filed on August 21, 2007 against Clifton Prepaid Communications and its affiliates. There are other civil and criminal actions still pending. In the Clifton case, Aref Aref, a principal of Clifton has recently filed for personal bankruptcy, which excluded him from the trial. Oblio said it intends to pursue fraud claims against Aref in his bankruptcy case and “will seek to have Mr. Aref’s debts to Oblio made non-dischargeable.” Oblio also said it will take “aggressive collection action” against Clifton and any parties that Oblio believes may have converted or concealed Clifton’s assets. As part of the Clifton civil case, Oblio had gotten a court order freezing any cash in Clifton’s bank accounts. Oblio said that it now expects those funds to be released as a result of the trial judgment. The company said it would apply the funds to Oblio’s senior debt facility. Background In February, Titan Global Holdings, Inc. (OTCBB:TTGLE), the parent company of Oblio, announced that it was going to separate the company into four different publicly owned companies. All of the Titan operating divisions were troubled Continues on page 13 20533 Biscayne Blvd., Suite 1142. Aventura, FL 33180. US Tampa, FL Permit No. 3311 PRSRT STD U.S. Postage Oblio Wins Judgment PAID http://www.prepaid-press.com/subscribe

Table of Contents Feed for the Digital Edition of The Prepaid Press - October 15, 2008

The Prepaid Press - October 15, 2008 Oblio Wins Judgment Mobile Remittance Providers Look to Latin America Contents The Retske Report: The Game Changer Regulatory Rundown: New Rules and Requirements Likely for 2009 5 Minutes With Saul Bienenfeld, President of Pop2Call Prepaid Wireless Roundup MetroPCS Sues Virgin Mobile Wireless in Brief Leap’s Cricket Service Introduces Cricket PAYGo Virgin Mobile USA to Launch the Shuttle New Study Shows Mobile Phones Merging Roles TracFone Launches SafeLink Wireless in FL IVI and Titan Sign Agreement with YA Global Boost Mobile Launches New Phone The State of Prepaid Technology: Will the Coming Market Bring You Problems or Opportunities? Calling Cards in Brief The Legal Line Tata Awarded Cisco Powered Status IDT Fails to Meet NYSE Listing Standards BillSoft Offers New Taxation Service Dialogic to Acquire NMS Platforms Business STi Acquires Sprint’s Calling Card Business TelcoBridges Introduces ToolPack System Manager Hypercom Increases Multilane Team Mobile Banking: CGAP Spurs Market Prepaid Resources Introduces PORTABLES Bancorp and Obopay Introduce Payment Card Verities, Inc. Partners with BBB and i2c Inc. The Bancorp Bank Partners with LeagueSafe Donor Dialogue Partners with Springbok Services Mercator Offers New Merchant Report Travelex Launches Budget Calculator MPOWER Companies Join Clinton Global Initiative Payments in Brief Promotions Evolve into Must-Have Marketing Strategy for Prepaid Sector Access Launches Cash-Back Rewards VendTek Partners with United Bank Card Flash Foods, Tedeschi Partner with Pinnacle Prepaid 101: Basics of PINs Gasoline Cards to Benefit Armed Forces, Veterans i2c Inc. Signs Agreement with Diestel iPayStation Partners with Pronto Envios Sodexo Releases Prepaid Incentive Card Heartland Leverages VeriFone Managed Services Retail Focus in Brief Our Advertisers Contact Us

The Prepaid Press - October 15, 2008

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