Triton Upgrades MiniMech Cash Dispenser

ATM provider Triton has joined forces with cash handling tech provider
Talaris to launch an extended warranty for Talaris’ “MiniMech.”
The “MiniMech” cash dispenser includes a bill tray for up to 1,000 notes with an integral
reject area, making it ideal for easy merchant cash replenishment of cassettes.
It is fast, easy to use, simple to maintain, and offers the benefits of feed
performance and reliability expected from a Talaris dispenser. The MiniMech also
features Talaris’ unique “Intelligent Double Detection” which delivers accurate and
consistent detection of doubles even when notes are severely degraded.
Triton customers are provided with protection for 2 years or 12,000 transactions on the
MiniMech when purchased with a new Triton RL1600 or RL2000 model ATM. Customers that
purchase the MiniMech as a part or as part of a kit receive warranty coverage for 12
months or 6,000 transactions.

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VISA MIF

The EuroCommerce retail association is filing its complaint against Visa
Europe in reaction to the set “Multilateral Interchange Fees” (MIF) imposed by member banks on retailers. Asserting fees of this nature led the
European Commission to rule against MasterCard in December 2007.
EuroCommerce is arguing these fees constitute an infringement on the
European competition law and the new rates, published on March 11, 2009,
are unfair. The MIF, or non-negotiable fees the merchant pays the bank
with every payment card transaction, is partially paid to others, thus
distorting bank competition. Additionally, the EuroCommerce assertion is
backing its claim with research showing pan-European debit cards, profit
included, is no more than 1 eurocent per transaction.

YES AMBASSADORS

Before a panel of judges, hundreds of inspirational, optimistic story
entries were narrowed to 12 finalists, which were then sorted through by
2,200 online voters to narrow down six winners of the Western Union
online global search for “yes!” ambassadors. Each winner will be given
the opportunity to choose Mercy Corps, Room to Read, or Academy for
Educational Development as a recipient of US$10,000 in donations from
Western Union, a chance to serve as representatives for the company and
asked to participate in a “virtual” roundtable on migrant issues. The
talented winners of the contest were Kirit Parmar of Ahmedabad, Gujarat,
India, Dickson Oyaro of Minneapolis, Minn, Roy Honjo of Honolulu,
Hawaii, Teresita Drake of Trenton, N.J., Yemane Muzey of New Brunswick,
Canada and Ruben Morales Enterraos of Cuba. The Western Union Company
provides global money transfer services through its network of more than
379,000 Agent locations in 200 countries while the Western Union
Foundation has granted almost $53 million to more than 1,800
nongovernmental organizations (NGOs) in 100 countries over the past 9
years.

First Bankcard Renewals ABA CC Deal

Nebraska-based First Bankcard has renewed its relationship with ABA
Total Business Solutions.
The credit card program is designed to provide a broad array of
competitive credit card products to banks and their customers. First
Bankcard provides more
than 650 partner banks with proven delivery strategies while maintaining
focus on the
partner brand and expanding customer relationships. First Bankcard is a
division of
First National Bank, a subsidiary of First National of Nebraska with $20
billion in managed
assets and more than 6,000 employee associates located in 35 states.

Canadian Wireless Operators Launch Zoompass

Canada’s three top wireless operators have banded together to launch a new money transfer and payment service. “Zoompass” has been introduced via EnStream, a joint venture owned by Bell Mobility, Rogers and TELUS. The new service is also available to mobile users of their respective sub-brands and affiliates including Fido, PC Mobile, and Solo Mobile. Customers can access “Zoompass” on their computer via the
Internet, from the mobile web, or by downloading the “Zoompass” application right to their wireless phone. During the registration
process, users must choose a PIN to be used for each transaction. Customers may also select to link their personal bank account or credit card to make loading and transferring money. Another unique feature of the service is the ability for customers to make secure purchases in stores and on the Internet using the balance in their “Zoompass” account with the optional “Zoompass Prepaid MasterCard,” issued by Peoples Trust. The new MasterCard is enabled with MasterCard’s “PayPass” contactless technology.

Experian Launches Three Biz Credit Scores

Experian has introduced three predictive credit score products to assist in risk analytics.
Experian’s “Small Business Credit Share” is a cooperative database that
enables clients across multiple industries to contribute more detailed
commercial payment information than is typically provided. In exchange,
members receive exclusive access to unique account data from financial
and nonfinancial trade contributors. The portfolio risk scores provide
greater insight into financial portfolios, enabling program members to
maximize existing account relationships and reduce the costs associated
with manual review of marginal accounts. The “Small Business Credit Share Portfolio Risk Scores” provide
three model options to maximize portfolio performance which includes: All financial score that identifies businesses that are likely to go
delinquent on a financial account within the next 12 months; Commercial credit card score that identifies businesses that are
likely to go 90 days delinquent on a commercial credit card account at
least once as well as an account that will go 60 days delinquent two or
more times within the next 12 months and Retail credit card score, designed with the same
parameters as the Commercial Credit Card Score but is focused
specifically on commercial retail card accounts.

nuBridges Builds a New Marketing Team

Atlanta-based eBusiness security provider nuBridges has hired David
Sutton, previously with IBM, as VP of Marketing and Jaime Davenport,
previously with Nexidia, as Director of Marketing. Sutton
will drive nuBridges’ global branding initiative. Davenport has over
20 years of enterprise software marketing experience, she is responsible
for expanding nuBridges’ demand-generation programs, including web-based
and live events. nuBridges provides secure
eBusiness solutions to encrypt millions of credit cards, exchange
billions of dollars in B2B transactions and enable countless
business-critical file transfers.

GLOBALPLATFORM TRAINING

Offering smart card deployment education, GlobalPlatform is set to host
a one day card specifications technology training session in the Grand
Hyatt Hotel, San Francisco on Wednesday July, 22. Overseen by
GlobalPlatform’s Technical Director, the smart card development
organization hopes to enlighten US delegates, providing an overview of
its specifications, ‘core’ card specifications training and information
on forthcoming technical releases. Additionally addressed will be
educational items including the “GlobalPlatform UICC Configuration”
technical guide on common and neutral environments for deployment and
“Amendment C to Card Specification v2.2”. GlobalPlatform member driven
association has deployed an estimated 305.7 million smart cards globally
for over-the-air (OTA) application downloads on 3G and GSM mobile networks.

Norway’s BBS Acquires Two Ingenico Units

Norway-based BBS has acquired Sagem Denmark and Manison Finland from Ingenico. The two firms generated at total of $54 million in annual revenues. As part of the deal BBS will distribute Ingenico’s “Telium”- based terminals in the Nordic region. BBS is owned by Nordic banks and offers a wide range of payment services. BBS has annual revenues of about $264 million. Ingenico notes that the disposal of these two companies acquired is part of the transaction of Sagem Monetel. The closing of the transaction should take place in the next 60 days.

BBS & INGENICO

Norway-based BBS has acquired Sagem Denmark and Manison Finland from Ingenico. The two firms generated a total of 39.1 million euros in annual revenues. As part of the deal BBS will distribute Ingenico’s “Telium”- based terminals in the Nordic region. BBS is owned by Nordic banks and offers a wide range of payment services. BBS has annual revenues of about 1.7 billion NOK. Ingenico notes that the disposal of these two companies acquired is part of the transaction of Sagem Monetel. The closing of the transaction should take place in the next 60 days.

CYBER-ARK SURVEY

The 2009 3rd annual Cyber-Ark “Trust, Security & Passwords” survey of
more than 400 IT professionals has found 35% of IT workers now access
corporate information without authorization, a 2% increase over the year
ago period. Concerning mostly enterprise class companies in the US and
UK, additional findings show 74% could circumvent security controls
currently in place; 20% of companies have experienced insider IT
security fraud, of which 36% suspect their competitors to have gained;
71% of respondents oversee privileged accounts which are partially
monitored; 35% of IT administrators admitted using administration rights
to access confidential information such as HR records, customer
databases, M&A plans, layoff lists and marketing information. With the
depletion of the economy, Cyber-Ark also saw an increased interest in
appropriate information between 2008 and 2009, such as M&A Plans with 7%
and 47%, respectively; R&D Plans with 13% and 46%, respectively; CEO
Passwords with 11% and 46%, respectively; Financial Reports with 11% and
46%, respectively; Privileged Password List with 31% and 42%,
respectively; and Customer Database with 35% and 47%, respectively. The
full report can be seen at;
http://www.cyber-ark.com/pdf/Cyber-Ark_Spring_2009_Snooping_Survey.pdf .

UK ABS

Moody Investors Service is assessing the possible credit impact of
certain trust provisions in UK credit card master trust transactions. In
doing so, Moody’s is focusing on transaction documents of UK credit card
master trusts; assessing practical ability for receivables generated by
an insolvent originator; and evaluating the extent to which these
provisions may negatively affect credit card master trust transactions
where such provisions exist. In evaluating provisions, the investor
services firm seeks to establish whether the provisions may result in
exposure of the noteholders to the risk the master trust may be exposed
to a fully declining pool on the basis that future receivables may no
longer be assigned to the master trust and exposure of the Noteholders
to the risk that the market value of the securitized assets may be
insufficient to fully repay the Notes.