08/04/2010 • CardFlash® - Payment Card Industry News

WINCOR ATMS

5, Country, GERMANY, PriorityBy Robert McKinley 08/04/2010

Wincor Nixdorf has shipped its 10,000th US CCDM ATM, demonstrating an increasing adoption of ATMs that accept bulk deposits of check, cash or a combination of both through one single input. Two of the top five U.S. banks, along with other leading financial institutions, have led the adoption of this revolutionary module, first introduced by Wincor Nixdorf, which eliminates the need for deposit slips and envelopes. The module was introduced in November 2002, has the unique feature of a single input that accepts both cash and checks in bulk form. The CCDM technology reduces costs at financial institutions from post-processing of night safe deposits, allows banks to offer greater accessibility and to reduce manual work at the counter.

Consumer Confidence Index Down 4 Points M/M

5, Country, Priority, UNITED STATESBy Robert McKinley 08/04/2010

The July Conference Board “Consumer Confidence Index” now stands at 50.4
(1985=100), down from 54.3 in June. Also, consumersâ short-term outlook
also deteriorated, with the percentage of consumers expecting an
improvement in business conditions over the next six months having
dropped to 15.9% from 17.1%. Additionally, those anticipating conditions
will worsen rose to 15.7% from 13.9%; those expecting more jobs in the
months ahead decreased to 14.3% from 16.2%; those anticipating fewer
jobs increased to 21.1% from 20.1%; and the proportion of consumers
expecting an increase in their incomes declined to 10.0% from 10.6%.

JACK HENRY

5, CANADA, Country, PriorityBy Robert McKinley 08/04/2010

Jack Henry & Associates is set to deploy INETCO “Insight” software. Reducing the possible risk of downtime in its expanding payment processing business, “Insight” software will be deployed by Jack Henry & Associates’ “jhaPassPort” EFT Solutions Group and “JHA Payment Processing Solutions,” which provide the company’s extensive array of payment processing platforms and ATM, debit, credit, and prepaid card solutions for both banks and credit unions. INETCO Insight provides real-time visibility into the complete path of every payment transaction. Real-time data about applications, switch components, network links, and third-party service providers will be correlated and displayed in a way that makes it much easier to isolate any issues that could cause transaction slowdowns or declines.

FIS Announces Preliminary Results of Tender Offer

5, Country, Priority, UNITED STATESBy Robert McKinley 08/04/2010

FIS banking and payments technology âDutch auctionâ tender offer for the purchase of up to $2.5 billion of shares of 171,705,905 shares of its common stock were properly tendered and not withdrawn in the tender offer at a price of $29.00 per share. Additionally, 49,528,300 shares were tendered through notice of guaranteed delivery at such prices. Due to the tender offer being oversubscribed, FIS expects to purchase only a prorated portion of the shares properly tendered by each tendering stockholder at or below the final per share purchase price. FIS expects to purchase approximately 86,206,896 shares of its common stock at a purchase price of $29.00 per share, for a total cost of approximately $2,500,000,000.

SmartMetric Set to Launch Dual Band Biometric Cards

5, Country, Priority, UNITED STATESBy Robert McKinley 08/04/2010

SmartMetric has completed the research and development and successfully tested its latest prototype biometric card. Featuring dual band radio transmission that enables both short and long range use, activated only via the owner’s fingerprint, the biometric card utilizes state-of-the-art identity technology ever developed for this application. All applications of the biometric fingerprint activated biometric cards are in the size of a standard credit card. Furthermore, our biometric card will work with existing electronic security locks and readers so organizations will not have to retrofit existing doors and lock hardware. Given its size, robust features and superior identity protection, we believe our biometric card is the ID card of the future.”

Oberthur Sees Exponential Contactless Payment Demand

5, Country, Priority, UNITED STATESBy Robert McKinley 08/04/2010

Oberthur Technologies contactless technologies’ “FlyBuy Sticker” contactless sticker product has seen an increase in demand. Approved and developed in cooperation with MasterCard Worldwide, the “FlyBuy Sticker” contactless payment device can be attached to a mobile phone or MP3 player and waived in front of a POS contactless reader to conduct transactions. Reaching out to the 18-34 demographic, this appeal allows the end user to choose their very own personalized payment device. It can be tied into the customersâ existing bank account and used as a normal payment card at any contactless POS. US banks marketing the device include Citi, which started issuing Oberthur-manufactured Stickers in June, while international issuers are found in Switzerland, Poland, England and Korea.

Paysafecard Appoints Prepaid Services Director

5, Country, Priority, UNITED STATESBy Robert McKinley 08/04/2010

Richard Knight has been appointed Director of the Paysafecard group UK-based subsidiary, Prepaid Services Company. Knight brings to his new role experience, having fulfilled several risk management and compliance roles for Travelex, most recently as Head of Compliance for the prepaid card and mobile payments division. In this previous role he was responsible for all regulatory and compliance matters relating to Travelex’s prepaid card business which operates in over 30 countries worldwide. He will benefit the online payment method provider in his new role through his knowledge of various markets all over the world.

Heartland 2Q/10 Transaction Processing Up 8% Y/Y

5, Country, Priority, UNITED STATESBy Robert McKinley 08/04/2010

Heartland Payment Systems payments processing announced 2Q/10 systems revenues of $420million and a net income of $6.1 million. With small and mid-sized merchant transaction processing volume an unprecedented $16.3 billion, up 8% since the year ago period, net revenues for the quarter was up 8.1% since the year ago period to $115.1 million. Net revenue also benefitted from a quarterly record 800 million Network Services transactions, which were up nearly 10% from 728 million transactions in the June quarter of last year. Additionally, relationship manager count grew to 1,393 for a 24% increase from the previous quarter; net revenue was up 8.1% from the year ago period; operating income as a percentage of net revenues was 13.2%, reflecting improved leverage of the companyâs business model through disciplined expense management.

HEARTLAND REVENUES
1Q/09: $372 million
2Q/09: $417 million
3Q/09: $443 million
4Q/09: $420 million
1Q/10: $411 million
2Q/10: $420 million
Source: CardData (http://www.carddata.com)

Wincor Nixdorf Ships 10,000th Intelligent Deposit ATM

5, Country, Priority, UNITED STATESBy Robert McKinley 08/04/2010

Jack Henry to Implement INETCO Transaction Monitoring

5, Country, Priority, UNITED STATESBy Robert McKinley 08/04/2010

Jack Henry & Associates is set to deploy the INETCO “Insight” to improve customer service and reduce the possible risk of downtime. The software will be deployed by Jack Henry & Associates’ “jhaPassPort” EFT Solutions Group and JHA Payment Processing Solutions, which provide the company’s payment processing platforms and ATM, debit, credit, and prepaid card solutions for both banks and credit unions. INETCO Insight provides real-time visibility into the complete path of every payment transaction. Jack Henry & Associates provides computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations.

One Step Retail to Demonstrate Radiant POS

5, Country, Priority, UNITED STATESBy Robert McKinley 08/04/2010

One Step Retail Solutions service provider of retail POS and Radiant Systems are set to demonstrate Radiant’s “CounterPoint SQL POS” software at both the World Shoe Association trade show and at the MAGIC apparel trade show. The appearance at the World Shoe Association show is the culmination of a months-long project that One Step and Radiant began last May, with the launch of a new website, http://www.FootwearPOS.com, and a series of e-mail and direct mail sent out to the footwear industry. At MAGIC, One Step will participate in two booths with Radiant, one at the Las Vegas Convention Center and the other at Mandalay Bay. Radiant’s POS hardware and software solutions have helped to redefine the consumer experience in more than 100,000 restaurants, retail stores, stadiums, parks, arenas, cinemas, convenience stores, fuel centers and other customer-service venues.

Discover U.S. Spending Monitor Drops 1.9 Points in July

5, Country, Priority, UNITED STATESBy Robert McKinley 08/04/2010

Perspectives on the economic recovery have continued a three month slide, with 58% disclosing the economy is in ruins as far as they are concerned. This percentage is 7% higher than last month while only 23% see economic conditions improving in the month ahead. These findings, according to the Discover “U.S. Spending Monitor” for July, also shows 26% of consumers are planning to reduce their overall spending in the month ahead, a 3-point rise from June. Namely, 48% plan to spend less on going out to dinner, movies or sporting events, up 2% since June, 48% to spend less on home remodeling or new appliances, up 1% since last month, and 48% will spend less on vacations or gym memberships, up 2% since last month. Given these data, based on a poll of 8,200 consumers, the Discover “U.S. Spending Monitor” for July fell 1.9 points in July to 86.5. Additional findings show 36% felt their finances were in good or excellent shape, a 3-point improvement from the prior month and the highest number in 20 months; 21% felt their personal finances were improving in July, 1 point better than June; and 49% expect to have money left over after paying bills, but consumers expecting an income shortfall was flat at 38%.

2010 SPENDING MONITOR
JAN: 85.2
FEB: 87.5
MAR: 85.0
APR: 91.5
MAY: 90.4
JUN: 88.4
JUL: 86.5
SOURCE: Discover

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