O’Brien Featured in Latest AmEx Ad

American Express announced the launch of its latest :60 television spot titled “Curtain” featuring Conan O’Brien, marking the first time in nearly three years the Company has partnered with an entertainment personality for its advertising. “Curtain” takes viewers into the depths of India with Conan as he meticulously prepares for an upcoming performance. He is in pursuit of the world’s finest silk, and transforms raw thread into a long panel of fabric that he then personally dyes a regal red. The spot then flashes-forward and reveals Conan admiring with great pride a stage curtain – obviously one that he took pain-staking measures to craft to meet his standards. The Spot in conjunction with the launch of O’Brien’s new late-night TBS show “Conan” and stresses the importance of “every detail.”

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3i Infotech Expands Through Business Units

3i Infotech global information technology and transaction services is expanding its service offerings through its Business Process Outsourcing (BPO) and Global Information Technology Services (GITS) business units. Through these units the Company will deliver its advanced technology solutions, deep domain expertise and associated best practices in banking, financial services, insurance, government, manufacturing, retail, telecom, education, healthcare and utilities. The BPO group offers end-to-end outsourcing, software, services and solutions, with a particular expertise in the complete revenue chain lifecycle, including billing and remittance processing, document management, electronic transaction services, data and information management and more. 3i Infotech provides technology solutions to over 1,500 customers in more than 50 countries across five continents.

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PayProNews Releases Processor Analysis

PayProNews a vendor-independent new analysis and research company announces analysis of 25 payment processor companies in 45 different categories. Processor categories include UI-User Interface, Live Chat, Toll Free, Email, BBB-Better Business Bureau, Partner Program, Partners Shown, 7×24 Support, Negative Comments, Testimonials on website, Contract Duration, Cancellation Fee, Seasonal Stop, SERVICES: Retail, Internet, Mobile, ATM, Cashless ATM, Wireless, High Risk/International, POS Hardware, Quickbooks, Payroll, Gift/Loyalty, Recurring, Email, Invoicing, MOTO-mail order – telephone order, Terminal, Microloans, API-Applications, Programming Interface, Twitter/Facebook/LinkedIn, Member PCI Standards Org, Webseminars, Training, Newsletter, Channel Partner Certification, Videos, Blog, WhitePapers, Articles, Case Studies, Consulting, Channel Partner Website Marcom, Glossary, PCI Scanning, Special Notes. The 25 Payment Processor Companies in the PayProViews analysis include Braintree, Beanstream, BigSky, CapitalMerch, CapitalPay, CDG, Dharma, EagleMerchant, Elavon, E-OnlineData, ETI, Frontline, GoEmerchant, Leap, Heartland, Merchant Focus, MerchantPlus, Merchant Ware, Mercury, PaymentMax, PaySimple, PracticePay, ProcessingPoint, Thompson, and TransactionG. We encourage users (merchants/buyers) do their own analysis of their own specific needs. We also encourage providers to contact PayProNews for consideration and as well as updates from existing providers.

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Wright Express Hits Forbes 100 Best Co. List

Wright Express payment processing and information management services has been named one of Forbes magazine’s “America’s 100 Best Small Companies” for 2010 for the third consecutive year. Forbes ranking recognizes top-performing, publicly held up-and-comers based on such factors as sales and earnings growth, and return on equity. Wright Express payment processing and information management solutions fleet, corporate, and prepaid payment solutions provide its more than 350,000 customers with unparalleled security and control across a wide spectrum of business sectors.

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AmEx Appoints Executive VP & CIO

Toby Eduardo Redshaw has been appointed executive vice president and chief information officer with American Express. With this, Redshaw will serve on the American Express Business Operating Committee and will be responsible for further strengthening strategic use of technology. Bringing with him extensive experience, he most recently served as Global Chief Information officer, where he’s been since 2008, in which role he unified and transformed the Company global approach to technology. This after having served as Corporate VP for Innovation, Data, Enabling Platforms and Architecture Services (I.D.E.A.S.) with Motorola and GM of a Silicon Valley start-up that provided software-as-a-service and supply-chain solutions. He holds double-major bachelor’s degree in economics and philosophy from the University of Memphis.

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FIS to Provide Item Processing for PrivateBank

PrivateBancorp will outsource portions of its item processing operation to FIS banking and payments technology. The PrivateBancorp conversion to FIS’ item processing and branch capture solutions will allow its banking unit to have a totally integrated solution that is flexible and more efficient than its current operations. FIS’ item processing and branch capture solutions will enable The PrivateBank faster uploads for statement and image files for eBanking customers; more robust fraud prevention tools; and a centralized keying and balancing function they can now maintain in-house, which will provide them with better internal controls over these processes. The PrivateBank has already deployed FIS’ IBS core banking solution, ATM/debit card processing, consumer and business eBanking, card production services, SendPoint merchant capture, and risk and compliance products.

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Alert Logic Achieves PCI DSS Compliance

Alert Logic log management, intrusion detection and cloud security solutions has completed its Self-Assessment Questionnaire D for Service Providers in compliance with the PCI DSS and is PCI Service Provider Level 2 certified. Alert Logic helps organizations eliminate the burden of PCI compliance management as the security industry’s only cloud-powered vulnerability assessment, intrusion detection and log management solution. Together with a 24×7 Security Operations Center that provides monitoring by certified security analysts as well as redundant data centers, Alert Logic provides organizations with the most affordable and easy means to secure their networks and comply with PCI DSS in ways traditional security solutions cannot.

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Global Cash Access 3Q/10 Revenue Up 7.4% Y/Y

Global Cash Access has reported 3Q/10 revenue of $152.1 million down 7.4% from the $164.3 million in the year ago period, thanks to continued weakness in the gaming sector and consumer revolving credit. Operating income was $13.3 million, down 23.7% from the $17.5 million in the year ago period; EBITDA was down 20.4% to $17.3 million; and income from continuing operations was down 28.2% year-over-year to $9.4 million. With this, Global Cash Access is forecasting continued declines for the remainder of 2010 and lowering its annual guidance for GAAP EPS to between $0.33 and $0.36, and Cash EPS to between $0.53 and $0.56. This is assuming cash outlays for capital expenditures of approximately $7 to $9 million; fully diluted shares outstanding for the full year of approximately 67.5 to 68.5 million shares; The expiration/non-renewal of the Company’s largest customer contract effective end of month November 2010; and Debt repayment of between $15-30 million during the fourth quarter of 2010.

GCA REVENUE HISTORICAL
3Q/09: $164.3 million
4Q/09: $148.8 million
1Q/10: $158.5 million
2Q/10: $173.0 million
3Q/10: $152.1 million
SOURCE:CardData.com
(www.CardData.com)

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FNDS3000 Frees up $1mm in Cash and Working Capital

FNDS3000 international prepaid processing has implemented additional savings in U.S. corporate overhead expenses which have helped the Company to free up approximately $1 million in cash and working capital over the next 12 months. These measures include having reduced contracted consulting fees to the Company’s former CEO and its former President, whom have both signed settlement agreements for a total of $301,000 in combined cash obligations to be reduced to $60,000 payable in cash. The company is currently introducing electronic payment solutions prepaid card business to the South African market, for which the newly available funds will be used to support and consolidate growth. FNDS3000 is focused on the 40% of the adult population in South Africa currently unbanked or underbanked with prepaid card programs and services.

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Indyme Launches mPOS Solution

Indyme Solutions has introduced its “QuickConnect” mobile application that speeds up staff response times to shoppers requiring assistance, POS staff needing help, or other urgent store events in need of a fast response. It lets retailers send instant notifications of such events to smart phones and PDAs in addition to Two-Way Radios, PA systems, and wireless phones. The application provides users with an easy-to-use interface to accept, decline, or re-assign a request providing an efficient way to escalate or forward the notification depending on the response.

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MasterCard Joins JP Morgan Investor Conference

Laura Kelly, group executive, Global Prepaid Solutions for MasterCard, will participate in the J.P. Morgan Ultimate Services Investor Conference in New York City. The presentation will begin at 2:00 p.m. Eastern Time and last for approximately 40 minutes. A listen-only live audio webcast will be accessible through the Investor Relations section of the MasterCard website at www.mastercard.com. An audio replay of the session will also be available for 30 days at the same website location.

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First Data Posts Consolidated Revenue Up 8% Y/Y

First Data 3Q/10 consolidated revenue was $2.6 billion, up 8% since the year ago period thanks in great part to increases in debit network fees and a timing benefit of $23 million from card association fees. Meanwhile, higher incentive compensation accruals of $31 million and asset write-offs of $9 million negatively impacted First Data financials, for a subsequent adjusted revenue of $1.6 billion. This was up 2%, however, since the year ago period thanks to growth in Retail and Alliance Services, which had a segment revenue growth of 7% since the year ago period to $851 million thanks to transaction growth of 9% through continued penetration of check processing, prepaid card, and point-of-sale equipment. Adjusted revenue growth was also thanks to Retail and Alliance Services having added 10 referral agreements, one new revenue sharing agreement and 20 new independent sales organizations and Financial Services segment revenue having increased 4% to $354 million since the year ago figure. Additional disclosures indicate active card accounts on file declined 4%; debit issuer transactions were up 7%; segment EBITDA was $144 million down $4 million or 3% compared to 2009; and the Financial Services segment renewed 419 contracts.

FIRST DATA REVENUE
1Q/09: $2.1 billion
2Q/09: $2.2 billion
3Q/09: $2.4 billion
4Q/09: $2.6 billion
1Q/10: $2.4 billion
2Q/10: $2.6 billion
3Q/10: $2.6 billion
SOURCE:Carddata.com

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