FNDS3000 Corp to Present at NIBA Investment Conference

FNDS3000 Corp prepaid processing company is set to present at the National Investment Banking Association’s (NIBA) 115th Investment Conference in Dallas. NIBA national not-for-profit trade association of regional and independent brokerages, investment banking firms, institutional investors and related capital market service providers host conferences to provide a venue for invited companies to share meaningful insight into their business operations. FNDS3000 Corp is engaged in executing a series of international growth initiatives designed to position the Company as a major player in the world’s fastest growing payment card segment: prepaid cards, serving the 40% of South Africa currently unbanked or underbanked.

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eEye Releases New PCI Compliance Guide

eEye Digital Security IT security vulnerability management solutions released its new instructional guide on how to reduce the cost of PCI compliance while protecting the IT environment, “Reduce the Cost of PCI DSS Compliance with Unified Vulnerability Management: A Requirement-by-Requirement Guide.” The guide encourages IT Security professionals to embrace new techniques and technologies that help cut the cost and time-investment of PCI compliance. Using powerful Unified Vulnerability Management capabilities, organizations can now meet challenging compliance requirements and fully protect their IT assets more efficiently and effectively than in past years.

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One World Ventures Launches Remittance In China

One World Ventures “1World Cash” money transfer service is expanding into China and is now able to remit and transfer funds from Hong Kong and other countries directly to all Chinese banks. The Company is able to leverage support, staffing and overhead from its Tutamen manufacturing subsidiary. The Asia Pacific region is one of the fastest growing markets for money transfer in the world. According to the World Bank, China is the second largest remittance-receiving country with $32.5 billion recorded in 2009. The Company also opened two new 1World Cash retail agency locations in Mong Kok (one of Hong Kong’s liveliest districts, jammed full of shops, street-side stalls, as well as Hong Kong’s famous Mong Kok Ladies Market).

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Allied Wallet Receives Level 1 PCI DSS Compliance

Allied Wallet has received level 1 PCI compliance validation with PCI DSS. Verified by Trustwave information security and compliance solutions, Allied Wallet is now officially validated for PCI Level 1 Compliance. Operating around the world, Allied Wallet allows websites to accept credit cards online and provides ewallet and ach processing solutions. The PCI DSS was created in 2004 by Visa, MasterCard, Discover Card, JCB, and American Express to standardize the payment card industry regulations and requirements for safeguarding cardholder information and protect against theft and fraud.

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Macy’s American Express Card Offers New Privileges

Macy’s has launched its Citi-issued American Express Card, providing cardholders both in-store and out-of-store dining, travel and retail offers. Among these is the “Daily Wish” program from American Express providing up to 50% off travel and electronics and emergency assistance referral services, while ‘Preferred’ American Express Cardholders can enjoy premium benefits through the Macy’s Preferred Travel service. Additionally, cardholders will have access to Macy’s savings offers through the “Star Rewards” program; 15% back from the total bill at participating restaurants from September 6 through December 31, 2010; and double rewards through the end of 2010 on gas, grocery and drugstore purchases. Macy’s ‘Preferred’ American Express Cardholders can access additional premium benefits, like unlimited $25 Star Rewards Certificates and Macy’s Preferred Travel service, which delivers thousands of dollars in exceptional savings through Best Available Rates and complimentary room upgrades at hundreds of hotels around the world.

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Spartanics Launches Laser Die Cutting Apps

Spartanics laser die cutting applications engineers have extensively tested laser die cutters with varying laser strengths and software configurations with a wide range of materials including: plastic films; polyesters; polycarbonates; foams; textiles; paper; adhesive tapes; non-wovens, wood, laminates, pressure-sensitive substrates, magnetic materials, polypropylene, polymides, abrasives, rubber, among others. Formalization of the Applications Laboratory signals Spartanics intent to systematize this growing knowledgebase for cross-industry access. The Spartanics Laser Die Cutting Applications Laboratory for Materials Research provides no-cost detailed engineering analyses of maximum material thicknesses that can be handled with these different substrates, including brand name materials, correlated to laser power and other variables.

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Credit Card Marketing Up More Than 100%, Q/Q

Credit card marketing to U.S. consumers has more than doubled in the past year, having skyrocketed to 1.1 billion offers in 2Q/10 from just 419 million in 2Q/09. This is thanks to increasing competition in the credit card industry… and the subsequent need to appeal to consumers. These figures are still far off the 1.5 billion pieces mailed in 2Q/08 when the economy was still in free fall and the nearly 2 billion pieces mailed in 3Q/07 before the recession took hold. The volume of card mail even retracted slightly from the 1.2 billion mailings delivered to consumers’ mailboxes in 1Q/10. Mintel Comperemedia says 28% of offers for new cards carried an annual fee, down from 33% a year ago, while 56% of mail offers promoted an introductory APR for both balance transfers and purchases, up from 37% a year ago. Additional Mintel findings show the longer the length of the introductory period, the more likely it is that the balance transfer fee will be 4%-5% rather than the standard 3%; rewards programs accounted for 80% of offers for 2Q/10; and the mean APR for variable rate offers declined to 13.79% from 14.21% in the previous quarter, the first quarterly decline since Q1 2009.

CARD MAIL
2Q/08: 1.5 billion
3Q/08: 1.4 billion
4Q/08: 0.9 billion
1Q/09: 0.5 billion
2Q/09: 0.4 billion
3Q/09: 0.3 billion
4Q/09: 0.5 billion
1Q/10: 1.2 billion
2Q/10: 1.1 billion
SOURCE: Mintel

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MasterCard to Acquire DataCash, Expand E-Commerce Payment

MasterCard Incorporated will acquire DataCash Group payment service for $520 million to develop a long-term growth platform. DataCash allows e-commerce merchants to process secure payments and develops outsourced electronic payments solutions, fraud prevention, alternative payment options, back-office reconciliation and solutions for merchants selling via multiple channels through its fraud solutions and technology platform. DataCash processed more than 240 million transactions for more than 1,400 merchants in 2009, for which it reported an annual revenue of $58 million with an EBITDA margin of 46%. Mastercard sees this development as a means to drive the growth of the e-commerce category with its acquiring customers for online purchases; expand and enhance its “MiGS” gateway business currently operating in the Asia Pacific region; to leverage its network and global presence by expanding DataCash to beyond western Europe; and to strengthen fraud capabilities and expertise.

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Verint Gets PCI DSS Customer Recording Protection Patent

The United States Patent and Trademark Office has issued a new patent to Verint in the area of recording technology and the protection of interactions and sensitive information as required by the Payment Card Industry Data Security Standard (PCI DSS). This new patent and its related families of issued and pending patents further broaden Verint’s industry-leading portfolio of patents and applications worldwide across its enterprise workforce optimization solutions. Because recordings can contain sensitive credit card details and other personal information, such as social security numbers, they require enhanced protection and recording processes — including, for example, an added level of encryption for the data, a secure storage environment, and/or options not to record certain sensitive data at all. Verint’s newly issued PCI-related patent (U.S. Pat. 7,774,854), entitled “Systems and Methods for Protecting Information,” enables companies to mask, encrypt and/or protect portions of an interaction that contain sensitive information, such as cardholder data, or altogether cease recording for the portion containing that information.

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ClairMail Expands mBanking Effort

ClairMail mobile banking and payments solutions announced a new suite of international mobile banking capabilities designed to facilitate transactions across global markets and multiple currencies. These include Multi-Currency Account Management, allowing financial institutions to offer cross-currency mbanking and payments functionality to customers; and international ATM/Branch Locator; and Multi-Language Capability and Customized Localization, allowing banks to customize user interfaces based on local markets. ClairMail mobile solutions for banking, payment and card services provides a technology platform designed to help financial institutions realize the strategic potential of mobile banking, driving new levels of customer trust and loyalty, facilitating cross-sell opportunities and enabling near term, measurable cost savings.

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Cardtronics Announces Pricing of Offering of 7mm Shares

TX-based Cardtronics non-bank owner of ATMs has announced the pricing of a secondary public offering of 7 million shares of already outstanding common stock at a price to the public of $14.00 per share. The shares of common stock are being sold by the following selling stockholders: CapStreet II, L.P., CapStreet Parallel II, L.P., and investment funds affiliated with TA Associates. The offering is scheduled to close on August 24, 2010. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of common stock to cover over-allotments, if any. Cardtronics will not receive any of the proceeds from the secondary offering of shares of its common stock by the selling stockholders.

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Oberthur Technologies Awarded Innovations

Oberthur smart cards technology and related services, has received several prestigious awards for its innovation in the first part of 2010. Having received two International Innovation Awards from ACT Canada, a non-profit association that focuses on smart card technology in Canada, the company is being recognized for introducing innovative new technologies, applications and services into the payment card market. Namely, Oberthur’s “Smart Pin” won for being the first service that allows card issuers to securely deliver card PINs via mobile text message while in the Business Model Service category, Oberthur’s “EMV-In-A-Box” won for being able to provide issuers a turnkey EMV Migration solution. Oberthur Technologies also won the Élan Award for Unique Innovation at the International Card Manufacturing Association (ICMA) EXPO, held in Scottsdale, Arizona.

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