VISA

Kiwi Collection is set to deploy the “Strangeloop” Site Optimizer to high-end travelers and users of the Visa “Luxury Hotel Collection.” With each hotel individually reviewed before being invited to join its selective network, the Kiwi Collection website allows travelers to research and book their hotels online. The site is tailored toward knowledgeable, discriminating travelers, for which the Strangeloop “Site Optimizer” allows average page load times for all visitors a mere 6.4 seconds for a full 3 seconds faster than the 9.4 seconds that it takes for the average Fortune 500 website to load for international visitors.

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CashStar Now Powers More Than 75 eGift Card Programs

CashStar digital gifting and incentives now powers digital gift card programs for more than 75 leading retail and restaurant brands. With more than $3 billion in gift card sales, these brands understand the incredible sales-generating potential of their gifting programs and are leveraging CashStar’s best-of-breed platform to capitalize on the explosive growth of the digital gifting category. With its latest brand wins, the company has emerged as the clear leader in the digital gifting category with clients spanning across numerous industry categories from retail and fashion to dining and entertainment.

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Revolving Credit Continues Descent, -6.3% Y/Y

Consumer revolving credit, mostly credit card debt, declined for the third consecutive month in July. Americans cut $900 million since June and $4.4 billion
since May in total consumer revolving credit thanks mostly to lower credit limits, reduced personal income and higher credit card interest rates. Revolving
credit now stands at $827.8 billion, having plummeted throughout the year since the December 2009 figure of $963.5 billion. This translates to an annual
decline rate of 7.8% annual rate, after consumers piled on $37 billion in revolving debt between January and September of 2008 alone. Since the year ago
period, July revolving debit is down 6.3% from 894.0 billion. These figures, according to the Federal Reserve Bank, also shows bank credit card debt
(excluding store and gas credit cards) at the end of the fourth quarter was about $822 billion.

REVOLVING CREDIT HISTORICAL ($billions)
Jul 09 May 10 Jun 10 Jul 10
GRWTH: n/a -5.9 -7.5 -6.3
$OWED: 894.0 837.4 832.2 827.8
Source: Federal Reserve; revised figures as of 9/9/10;
For complete historical data, visit CardData (www.carddata.com)

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CALYPSO

The focus of Canada’s drive to switch to EMV and Chip technology has shifted to high risk ATMs, but with less than four months until the Interac Association’s upgrade deadline, ISOs need to ramp up their upgrade activities if they are to meet the regulatory requirements. The revised Interac Association regulations mean any ISO, ATM operator or deployer not upgrading 50% of their ATM estate to the specified requirements by the end of the year must instead ensure that all white label terminals defined as high risk are upgraded instead. Calypso Canada, a Transaction Network Services company, estimates the majority of ATM estates are now faced with approximately 25% of their locations being classified as high risk and believes less than 5% of the these sites have been upgraded so far.

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USA Tech August Cashless Transactions Hit $100mm

USA Tech Fiscal 1Q Processes 14mm Transactions
USA TECH
USA Technologies wireless non-cash transaction network throughout its 1Q
ended September 30 processed for its customers nearly 14 million
transactions for a total of $24.5 million, up year-over-year 89% and 68%
respectively. The Company also has slightly over 1,200 customers
connected to its ePort Connect Service, up from the 1050 in the quarter
ended June 30, for which it is expanding feature set and functionality.
Improved functions are to include faster transaction times; more
efficient transfer of customers’ operational, or DEX (Data Exchange)
data, over the ePort Connect network; improved efficiency and
versatility of the USALive online reporting function through increased
speed and the ability for customers to create and automate custom
reports from their own locations; increased server capacity to enable
continued expansion; and an online ordering and contracts system for
faster and more convenient processing of orders and contracts. This comes
on the heals of the latest reports disclosing the Company saw an August
2010 small-ticket transaction volume of $8.3 million, putting the Company
on an annualized run rate of approximately $100 million. This is an increase
of 72% versus August 2009 through its ePort cashless payment systems for
vending machines, kiosks and other unattended POS terminals while total
transactions processed hit 4.6 million, an increase of 98% over total
transactions processed in August 2009. On September 2, 2010 USA Tech reached
a record of over 200,000 transactions processed in a single day on its ePort
Connect Service through its nearly 82,000 connections on its service versus
52,000 connections as of June 30. With this momentum, the hopes to have
100,000 devices connected to its network by December 31 for a positive
EBITDA(CF Library 2010/09/14).

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LogicWorks Achieves Level 1 PCI DSS

Logicworks enterprise hosting and cloud solutions for high-availability content has received Level 1 PCI accreditation and is now offering an integrated hardware, software and professional services solution. Allowing customers to achieve complete PCI compliance in less time and at lower cost, Logicworks’ certification and solution addresses all 10 of the 10 requirements that a service provider can handle on behalf of a customer and cover encryption of credit-card data at the point-of-sale, during transmission to clearinghouses, and physical security of data centers where credit-card data are stored. The comprehensive Logicworks PCI solution covers both the on-boarding process – which includes the design and building of a PCI-compliant environment, as well as the ongoing maintenance process – which includes log review and management, vulnerability testing, intrusion detection and change management procedures.

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nFinanSe Launches $3 Reloadable Prepaid Debit Cards

nFinanSe has launched the $3 Visa and $3 Discover “Reloadable Prepaid Debit Cards” at Cumberland Farms convenience store locations throughout New England, the mid-Atlantic and Florida. The nFinanSe’s Reloadable Prepaid Visa and Discover Cards retail for $3, have a $2.95 Top-Up Fee, a Monthly Maintenance Fee of only $2.95, FREE 24/7/365 Live Agent Customer Service in English and Spanish, FREE Employer Direct Deposit, FREE Real-time Transaction Text Messages and FREE PIN and Signature Transactions. They are issued by Palm Desert National Bank, Palm Desert, CA, Member FDIC, pursuant to a license from Visa Inc. The nFinanSe Discover Reloadable Prepaid Card is issued by Palm Desert National Bank, Palm Desert, CA, Member FDIC, pursuant to a license from Discover Network.

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FIS

FIS banking and payments technology has inked a 3 year outsourcing agreement to provide ING Direct France with extended outsourced application management services for the FIS “Profile” core banking suite. This allows ING Direct France to continue to benefit from “Profile’s” robust functionality and real-time availability, while realizing significant cost savings. Benefits include flexibility in resourcing and building upon Profile’s ability to scale in support of new projects and migration of accounts. FIS is among the largest global providers of banking and payments technologies.

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Hackers Make 60,000 Fake Sites Weekly

Hackers are creating 57,000 new websites each week that exploit approximately 375 high-profile brand names worldwide at any time. Notably, eBay and Western Union-related URLs comprise 44 percent of all malicious sites, with Visa, Amazon, Bank of America and PayPal also heavily targeted by cybercriminals. These findings, based on a three-month long study conducted by PandaLabs of its global malware database, show in order the 10 most beleaguered brands, along with the percentage they are targeted among all fake websites tracked by PandaLabs, include; eBay(23.21%); Western Union (21.15%); Visa (9.51%); United Services Automobile Association (6.85%); HSBC (5.98%); Amazon (2.42%); Bank of America (2.29%); PayPal (1.77%); Internal Revenue Service (1.69%); and Bendigo Bank (1.38%).

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Zuora mPayments Appoints New CFO

Tyler Sloat has joined Zuora subscription billing as CFO, bringing with him financial experience in securing capital and growing market leaders in mobile payments and storage and cloud computing, including raising over $100 million for Obopay. He will over see mobile payment operations in his new role. Most recently, Sloat was the CFO for Obopay, the global leader in mobile payments where he was responsible for all finance, accounting, treasury operations and business intelligence functions. Sloat was integral in raising well over $100M in investment and strategic capital, forming global commercial relationships with the likes of Nokia, MasterCard and Societe Generale, and deploying Obopay’s mobile payment service in four countries spanning three continents. He holds an M.B.A. from the Stanford Graduate School of Business and has a B.A. from Boston College.

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Applebee’s Launches Digital Gift Card

Applebee’s has introduced its Digital Gift Cards allowing people to buy and send electronic gift cards online via Applebees.com : http://www.applebees.com and Applebee’s Facebook Fan Page : http://www.facebook.com/#!/applebees?ref=ts . Applebee’s Neighborhood Grill & Bar, the world’s largest casual dining restaurant chain, is the first in its industry to make digital gift cards available on Facebook : http://www.facebook.com/#!/applebees?ref=ts as well as its own Web site : http://www.applebees.com/. Digital Gift Cards includes Buy and send online instantly, 24/7; Record personalized voice or video message; Send to mobile device and to e-mail address; Post on Facebook; Customize with photos and personal messages; Text notifications and receipts; and the Ability to purchase for future delivery.

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ScanSource Creates Partner Matching Tool

ScanSource has released its “SUMO” online tool to provide networking and partnering opportunities for value-added resellers (VARs), hardware vendors and independent software vendors (ISVs). An international online “networking community” supported by all ScanSource business units, “SUMO” is comprised of hardware manufacturers, ISVs and VARs. Encompassing a Google(R) search appliance, SUMO allows members to seek out potential partners by entering specific search criteria into a search bar, which then returns companies that match the search criteria. It can also help VARs create alliances by identifying companies with specific technology or vertical market expertise. ISVs looking for help marketing their software solutions can identify high potential VAR partners. Hardware vendors can locate VARs with specific skillsets in certain geographies to help close deals.

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