Xbridge Systems Launches Mainframe DLP Solution

Xbridge Systems has launched its “DataSniff” data discovery tool supporting mainframe systems. Xbridge provides QSA’s and internal auditors with a powerful, yet simple, tool to access mainframe data and scan the data for sensitive information. The “DataSniff” solution has the power to uncover data in mainframe data storage environments that were previously considered “untouchable” or wrongly categorized as “exempt” from audit. The requirement to include all cardholder data locations means that mainframe data must be included in future PCI DSS assessments.

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Verifone Acquires WAY POS for $9mm

VeriFone has acquired the assets of WAY Systems mobile POS solutions and gateway services for an upfront payment of $6 million dollars and an earn-out payable in one year of up to an additional $3 million dollars should certain performance targets be met. Providing POS solutions and gateway services for mobile merchants WAY has built up a customer base of more than 25,000 mobile merchants over the past 5 years. VeriFone will immediately take over support of these merchants within its expanding PAYware Connect Gateway infrastructure. Additionally, VeriFone will offer continuous non-stop support for all existing WAY mobile systems, bolstered by VeriFone’s extensive mobile portfolio, including PAYware Mobile and VX Evolution secure payment systems.

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Fifth Third Processing Launches PCI Compliance

Fifth Third Processing Solutions has introduced its “PCI Assist” to Level 4 merchants- those that conduct fewer than 20,000 e-commerce transactions and/or fewer than 1 million single card transactions per year- looking for assistance as they seek to validate compliance with the PCI DSS. PCI Assist provides merchants with access to Trustwave “TrustKeeper” PCI DSS compliance web portal that can help smaller-size merchants facilitate PCI DSS compliance validation in an easy and efficient manner. Using its dynamic PCI Wizard in conjunction with TrustKeeper Agent, merchants answer a personalized questionnaire that simplifies the complex terminology of PCI DSS. TrustKeeper also helps merchants complete the PCI Self-Assessment Questionnaire, schedule required vulnerability scans and receive their PCI DSS compliance certificate.

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FNFS Deploys Consorteum Payment Card Pilot

First Nations Financial Services (“FNFS”) has deployed the Consorteum Holdings MasterCard benefits card pilot program. FNFS funded the expenses of the pilot, which was launched with the Madawaska Maliseet First Nation Community, in Edmundston, New Brunswick, Canada. The pilot is targeted at the community’s administration group and will provide valuable data for expansion of the program. Subject to the success of the pilot and to CSRH’s receipt of additional funding, the Company will launch a multi-location pilot rollout in the next 2-3 months. This initial deployment is the first of a suite of POS services, banking and credit.

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Heartland and Discover Reach Intrusion Settlement

Heartland Payment Systems has reached a settlement agreement with Discover Financial Services related to the 2008 criminal intrusion of Heartland’s payment system environment. Under the agreement, Heartland will pay Discover $5 million, resolving all issues related to the 2008 intrusion. Heartland Payment Systems is the fifth largest payments processor in the United States, delivering credit/debit/prepaid card processing, gift marketing, payroll, check management and related business solutions to more than 250,000 business locations nationwide.

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Wright Express Inks Fleet Card Agreements

Wright Express payment processing and information management services to the U.S. commercial and government fleet industry has signed a 5 year agreement to provide private label fleet card services for ConocoPhillips. With this, Wright Express will issue fleet cards and provide related services to all three brands affiliated with ConocoPhillips’ motor fuels; Conoco, Phillips 66 and 76. Wright Express and ConocoPhillips will closely collaborate in building a comprehensive sales and marketing program for direct sales as well as to support the local efforts of independent marketers and dealers who represent these brands through over 7500 sites.

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MPR Hits 2-Year Low, Improves 9 BPS

Monthly Payment Rate performance for the month of July continued to improve by 9 bps. This is the lowest in over 2 years. The July MPR improvement, compared to the year ago figure of 17.12%, is consistent with seasonal patterns and driven by seasonal factors as well as fundamental changes in cardholder payment trends. The slight rise is due to a higher number of collections days during the July collection period. Compared to the June figure of 14.22%, MPR was up 1.36% month over month. Historically, the MPR sees a slight uptick in the summer months, as has been the case since the start of the current recovery, a trend lost last year with the onset of the recession. For complete details on current and historical MPR data, visit CardData.com (www.carddata.com).

MONTHLY PAYMENT RATE
Jul 09: 17.12%
Aug 09: 16.96%
Sep 09: 16.59%
Oct 09: 17.77%
Nov 09: 17.66%
Dec 09: 17.23%
Jan 10: 17.15%
Feb 10: 15.95%
Mar 10: 18.79%
Apr 10: 14.61%
May 10: 13.96%
Jun 10: 14.22%
Jul 10: 12.86%
Source: CardData (www.carddata.com)

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Mitek & Fiserv Ink mDeposit Partnership

Mitek Systems advanced-image analytics and mobile-document-capture applications for smartphones has entered into an OEM agreement with Fiserv financial services technology. With this, Fiserv will leverage Mitek’s Mobile Deposit technology in its Mobile Source Capture solution to allow consumers and businesses to deposit checks via their camera-equipped smartphones. The agreement marks the latest in a series of distribution partnerships Mitek has won with all of the leading application services and technology solutions providers to the financial services industry.

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TD FISCALS

TD Bank posted 2Q/10 net income of $1.2 billion, compared with the year
ago figure of $912 million. Adjusted net income held steady at $1.3
billion, flat year-over-year, while total revenue was $1.2 billion,
compared to $1.1 billion last quarter and $1billion the year ago
quarter. Additionally, Non-interest expenses totaled $688million,
compared to $659million last quarter and $594 the year ago quarter; net
income posted $271million, up from the $241million last quarter and the
$151million seen in the corresponding period last year; and net income
totaled $276million, compared with $241million last quarter and
$213million the year prior.

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Intellicheck Mobilisa Discusses Credit App Bar Code Scanning

Intellicheck Mobilisa access control and wireless security discussed on Seattle’s Morning News program its scanner. The new scanner is being used for such diverse purposes as credit card applications to military base access. Intellicheck Mobilisa is a leading technology company, developing and marketing wireless technology and identity systems for various applications including: mobile and handheld wireless devices for the government, military and commercial sectors. Products include the Defense ID system, an advanced ID card access control product currently protecting over 80 military and federal locations, and ID-Check, patented technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issue IDs from U.S. and Canadian jurisdictions for the financial, hospitality and retail sectors.

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WU & DHL

CIBC has completed its acquisition of an approximately $2-billion credit card portfolio from Citigroup Canada MasterCard. The portfolio includes accounts associated with co-branded Petro-Canada credit cards that offer the Petro-Points rewards program. CIBC had more than $14 billion in outstanding credit card balances prior to the addition of the MasterCard portfolio, which is expected to be immediately accretive to CIBC’s earnings. Under terms of the transaction, prior to closing, non-performing accounts were removed from the acquired portfolio and from the securitized pool relating to Broadway Credit Card Trust, which has securitized certain Citibank MasterCard receivables.

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PCI ASSIST

Fifth Third Processing Solutions has introduced its “PCI Assist” to
Level 4 merchants- those that conduct fewer than 20,000 e-commerce
transactions and/or fewer than 1 million single card transactions per
year- looking for assistance as they seek to validate compliance with
the PCI DSS. PCI Assist provides merchants with access to Trustwave
“TrustKeeper” PCI DSS compliance web portal that can help smaller-size
merchants facilitate PCI DSS compliance validation in an easy and
efficient manner. Using its dynamic PCI Wizard in conjunction with
TrustKeeper Agent, merchants answer a personalized questionnaire that
simplifies the complex terminology of PCI DSS. TrustKeeper also helps
merchants complete the PCI Self-Assessment Questionnaire, schedule
required vulnerability scans and receive their PCI DSS compliance
certificate.

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