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<br /> Cards<br /> International<br /> 13 April 2009 Issue 419<br /> 04-07 REGION ROUND-UP<br /> a look at the latest developments in asia-Pacific; europe,<br /> middle east and africa; latin america; and north america<br /> 08-10 COUNTRY SURVEY: RUSSIA<br /> despite its size and population, russian consumers have<br /> been reticent when it comes to cards, but payment players<br /> are optimistic about future prospects<br /> 11 REGULATION: INTERCHANGE<br /> as arguments continue over the validity of interchange<br /> fees, a recent ruling on direct debit interchange fees could<br /> have enormous implications for cards<br /> 12-13 EMV: GLOBAL MIGRATION<br /> With millions of cards already in circulation and several<br /> countries in transition to emv globally, what is the status<br /> of emv migration, and are payment players any better off?<br /> 14 PAYMENT NETWORKS: MERCHANT ACQUIRING FEES<br /> the Us may be in recession but that has<a title="CI 419, 13 April 2009 page 1" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=1"> Cards International 13 April 2009 </a> <a title="CI 419, 13 April 2009 page 2" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=2"> E]oÛj]hgjlÛ^gjÛl`]ÛxfYf[aYdÛk]jna[]kÛaf\mkljq :Yj</a> <a title="CI 419, 13 April 2009 page 3" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=3"> 13 April 2009 Cards International www.vrlfinancia</a> <a title="CI 419, 13 April 2009 page 4" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=4"> Cards International 13 April 2009 4 REGION ROUND-</a> <a title="CI 419, 13 April 2009 page 5" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=5"> 13 April 2009 Cards International www.vrlfinanci</a> <a title="CI 419, 13 April 2009 page 6" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=6"> Cards International 13 April 2009 6 REGION ROUND-</a> <a title="CI 419, 13 April 2009 page 7" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=7"> 13 April 2009 Cards International www.vrlfinanci</a> <a title="CI 419, 13 April 2009 page 8" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=8"> Cards International 13 April 2009 8 COUNTRY SURVE</a> <a title="CI 419, 13 April 2009 page 9" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=9"> 13 April 2009 Cards International www.vrlfinancia</a> <a title="CI 419, 13 April 2009 page 10" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=10"> Cards International 13 April 2009 10 COUNTRY SURV</a> <a title="CI 419, 13 April 2009 page 11" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=11"> 13 April 2009 Cards International www.vrlfinanci</a> <a title="CI 419, 13 April 2009 page 12" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=12"> Cards International 13 April 2009 12 EMV: GLOBAL </a> <a title="CI 419, 13 April 2009 page 13" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=13"> 13 April 2009 Cards International www.vrlfinancia</a> <a title="CI 419, 13 April 2009 page 14" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=14"> Cards International 13 April 2009 14 PAYMENT NETW</a> <a title="CI 419, 13 April 2009 page 15" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=15"> 13 April 2009 Cards International www.vrlfinanci</a> <a title="CI 419, 13 April 2009 page 16" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=16"> Cards International 13 April 2009 16 INTERVIEW: F</a> <a title="CI 419, 13 April 2009 page 17" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=17"> 13 April 2009 Cards International www.vrlfinancia</a> <a title="CI 419, 13 April 2009 page 18" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=18"> Cards International 13 April 2009 18 NEWS </a> <a title="CI 419, 13 April 2009 page 19" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=19"> Cards & Payments Europe 2009 Conference, Expo and</a> <a title="CI 419, 13 April 2009 page 20" href="https://secure.viewer.zmags.com/publication/06f5c1a8?page=20"> </a>