OPTIMUM T4200

Hypercom is commencing product sales to Italy’s card payment sector with the successful certification of its “Optimum T4200” countertop payment terminals by Consorzio Bancomat. Hypercom has also established and certified a secure facility for loading keys and digital certificates, as well as for product maintenance and repair, to provide electronic payment and digital transaction solutions providers compliance with Consorzio Bancomat’s stringent new EMV CB 2 standard. Hypercom’s Optimum T4200 has been widely deployed throughout Europe, Middle East and Africa, and is highly rated by customers for its fast and secure IP-based transactions.

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Small Businesses’ Positive Outlook Drops to 45%

One-in-four small businesses are planning to hire over the next six months, but only 45% have a positive outlook on the economy and their business, a drop from 51% in March and 55% in the year-ago period. Many business are in stronger financial positions thanks to cost-cutting and streamlining operations with only 53% reporting cash flow issues, down from 60% this spring, and 10% intending to hire full time employees in the next six months, doubling the spring figure. This, according to the American Express “OPEN Small Business Monitor” semi-annual survey of business owners now in its ninth year, shows confidence in the overall economy declined as 39% of business owners said they thought sales over the next six months would be higher compared to last year, vs. 34% in the spring. Additional findings show 40% use a social media platform, compared to only 10% last year; over 75% of those business owners looking to hire are doing so “to handle growing business”; 17% reported the morale of their employees has improved, nearly double from a year ago; 38% plan to make investments over the next six months; AND The number of businesses with cash flow concerns has dropped to pre-recession levels (53% versus 49% in fall 2007).

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SMS

Smartcard Marketing Systems has inked prepaid debit card distribution agreements with an Italian travel agency that specializes in Caribbean, European and US tours. The agency books tours for about 24,000 travellers per year between its business and pleasure tours. With this, the client travelers are given a secure and easy-to-use way to carry spending money during their trip on a prepaid debit card while the agency is provided the platform needed to manage the program. The agency also can deliver the platform and combination of prepaid debit cards in a cost effective manner.

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AmEx and New York Cares Launch Program

American Express has rekicked-off its ‘Travel with Your Mind’ philanthropic program to New York City, designed to help support deserving schools through a series of travel-themed beautification projects and multi-cultural initiatives across several U.S. cities, ‘Travel with Your Mind’ is inspired by its ongoing commitment toward education and desire to promote cultural awareness. With it, American Express is working with New York Cares and selected PS 636K Elementary School as the 2010-2011 “Travel with Your Mind” beneficiary. The first project in New York City will take place at PS 636K Elementary School on Thursday, October 21, 2010 from 9:00 AM – 2:00 PM. The Card Issuer will oversee repaint the library walls, creating murals, shelving books and building furniture.

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XCHANGING

Xchanging business processors has renewed a two year contract with a leading global payments, network and travel company in the USA to provide claims processing services. Xchanging has been providing services to this company since 1996 and will continue to provide claims administration, corporate billing and enrollment services as well as tele- support helpdesk services. These services are provided out of Xchanging’s processing centre in Solon, Ohio. Xchanging manages over 400,000 calls from card members and processes over 45,000 claims annually on behalf of the company.

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PlayPhone Launches Social Network

PlayPhone mobile entertainment has introduced its “PlayPhone Social” mobile social gaming platform in conjunction with having named Anders Evju as SVP and General Manager of the new business unit. The “PlayPhone Social” is a strategic shift for PlayPhone’s mobile entertainment content offerings. The new mobile social gaming platform is focused on creating mobile gaming communities leveraging the power of the social graph to help users connect with their friends by sharing their experiences and enthusiasm. PlayPhone Social is a multiplayer, cross-platform product for mobile social gaming and networking. Built on PlayPhone’s proven monetization and marketing expertise as a mobile leader, PlayPhone Social provides mobile game developers the established resources and opportunity to market and monetize mobile social games around the globe with a single platform.

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Visa Supports Enforcement Against Criminal ePharmacies

Visa and Visa Europe are now supporting “Operation Pangea III” global law enforcement action coordinated by INTERPOL targeting the online sale of counterfeit and illegal medicines. Implemented in more than 40 countries earlier this month and resulting in arrests across the globe and the seizure of thousands of potentially harmful medicines, “Operation Pangea III” is the largest of its kind in support of the International Medical Products Anti-Counterfeiting Taskforce (IMPACT). Visa Inc. and Visa Europe joined customs agencies, regulators, and Internet Service Providers around the world to provide investigative support and information to help law enforcement agencies identify and build cases against illegal pharmacies. Visa does not restrict specific types of goods or services purchased by Visa cardholders or sold by Visa-accepting merchants, but all transactions must comply with applicable laws in both the country of the buyer and of the seller.

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Discover Customer Service Technology Recognized

Discover has ranked fifth on the 2010 InformationWeek 500 list of the most innovative users of information technology. InformationWeek recognized Discover for implementing a new platform that tracks all customer contacts through various channels and uses a decision engine to aggregate and process this information on a real-time basis, giving customer service representatives the ability to provide custom and valuable assistance during service calls and to personalize customer interaction. InformationWeek identifies and honors the nation’s most innovative users of information technology with its annual 500 listing.

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Target Cardholders Receive 5% off Purchases

Starting October 17, shoppers with a Target “REDcard,” Target Credit Card, Target Visa Credit Card and Target Debit Card can get 5% off nearly all purchases made at any Target store or on Target.com. Additionally, cardholders will receive a coupon good for 5% off a future day of shopping every time they fill five prescriptions at a Target pharmacy with a Target REDcard. This replaces the existing Rewards program in which new account holders receive an initial 10%-off coupon and existing cardholders earn coupons for 10 percent off a future day of shopping, which ends October 16 at close of business. The Target credit card segment offers branded proprietary credit card products.

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AmEx Unveils Next Unstaged Performance

Grammy award-winning country music sensation Sugarland will perform at the Best Buy Theater in New York City on October 18 as part of “Unstaged: An Original Series from American Express” for the third installment of the “Unstaged” program. The performance will feature surprise musical guests, will be live-streamed at 9:00PM/ET at www.youtube.com/sugarlandvevo and coincides with their highly anticipated fourth studio album, The Incredible Machine, arriving in stores on October 19. The Incredible Machine is a soaring album elevated by sky-high choruses, ringing guitars and pulsing drums steeped in a myriad of hypnotic melodies and fun anthems — all drawing inspiration from the iconic music and films of the 1980s.

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HDFC DEBIT

The HDFC Bank has launched Platinum Debit Card with Rs one lakh cash withdrawal limit on ATM and Rs 1.25 lakh on POS. The HDFC Bank “EasyShop Platinum Debit Card” replaces your ATM/ Regular Debit Card with extended cardholder privileges. It also offers cash back; for every Rs 100 spent on the card, cardholders ger Re 1 as cash back, valid on all purchases made through the card with no date restrictions.

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