TrustCash Seeking to Expand South American Operation

TrustCash announced it’s prospecting the South American e-commerce market with its Payment Technology suite of services, particularly the mobile solutions currently under development. Mainly in Brazil, which is undergoing e-commerce growth in which 64.6 million people will use the internet in by 2013, South America is seeing exponential internet growth. Also in Brazil, e-commerce revenues nearly quadrupled to reach BRL3.8 billion ($2.2 billion) between 2005 and 2008. TrustCash delivers a sophisticated, comprehensive online payment processing.

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Smart Transaction Systems Launches Gift Card Program

Smart Transaction Systems gift card and customer loyalty programs has introduced GiftCardGreatness.com to its gift card customers. The full service solution allows a small business to start selling its gift cards online without the overhead of launching its own e-commerce site. All aspects of setup and order processing are managed for the merchant. GiftCardGreatness.com helps small businesses launch their own gift card web stores, market their gift cards online and increase sales by marketing their cards directly to consumers as part of its ‘buy local’ program. STS has been providing stored-value programs since the company was founded in 1998.

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Technology Credit Union Intros Student Banking

Technology Credit Union launched its “Plug In” suite of student banking products for high school and college age kids. The “Plug In” student banking package includes many of the tools this age group needs to learn about managing money responsibly and building good credit. The new offering concentrates on helping younger consumers build financial literacy. Financial products and literacy geared towards young adults can have important implications for financial behavior later in life.

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WINCOR ATMS

Wincor Nixdorf has shipped its 10,000th US CCDM ATM, demonstrating an increasing adoption of ATMs that accept bulk deposits of check, cash or a combination of both through one single input. Two of the top five U.S. banks, along with other leading financial institutions, have led the adoption of this revolutionary module, first introduced by Wincor Nixdorf, which eliminates the need for deposit slips and envelopes. The module was introduced in November 2002, has the unique feature of a single input that accepts both cash and checks in bulk form. The CCDM technology reduces costs at financial institutions from post-processing of night safe deposits, allows banks to offer greater accessibility and to reduce manual work at the counter.

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Consumer Confidence Index Down 4 Points M/M

The July Conference Board “Consumer Confidence Index” now stands at 50.4
(1985=100), down from 54.3 in June. Also, consumers’ short-term outlook
also deteriorated, with the percentage of consumers expecting an
improvement in business conditions over the next six months having
dropped to 15.9% from 17.1%. Additionally, those anticipating conditions
will worsen rose to 15.7% from 13.9%; those expecting more jobs in the
months ahead decreased to 14.3% from 16.2%; those anticipating fewer
jobs increased to 21.1% from 20.1%; and the proportion of consumers
expecting an increase in their incomes declined to 10.0% from 10.6%.

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JACK HENRY

Jack Henry & Associates is set to deploy INETCO “Insight” software. Reducing the possible risk of downtime in its expanding payment processing business, “Insight” software will be deployed by Jack Henry & Associates’ “jhaPassPort” EFT Solutions Group and “JHA Payment Processing Solutions,” which provide the company’s extensive array of payment processing platforms and ATM, debit, credit, and prepaid card solutions for both banks and credit unions. INETCO Insight provides real-time visibility into the complete path of every payment transaction. Real-time data about applications, switch components, network links, and third-party service providers will be correlated and displayed in a way that makes it much easier to isolate any issues that could cause transaction slowdowns or declines.

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FIS Announces Preliminary Results of Tender Offer

FIS banking and payments technology “Dutch auction” tender offer for the purchase of up to $2.5 billion of shares of 171,705,905 shares of its common stock were properly tendered and not withdrawn in the tender offer at a price of $29.00 per share. Additionally, 49,528,300 shares were tendered through notice of guaranteed delivery at such prices. Due to the tender offer being oversubscribed, FIS expects to purchase only a prorated portion of the shares properly tendered by each tendering stockholder at or below the final per share purchase price. FIS expects to purchase approximately 86,206,896 shares of its common stock at a purchase price of $29.00 per share, for a total cost of approximately $2,500,000,000.

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SmartMetric Set to Launch Dual Band Biometric Cards

SmartMetric has completed the research and development and successfully tested its latest prototype biometric card. Featuring dual band radio transmission that enables both short and long range use, activated only via the owner’s fingerprint, the biometric card utilizes state-of-the-art identity technology ever developed for this application. All applications of the biometric fingerprint activated biometric cards are in the size of a standard credit card. Furthermore, our biometric card will work with existing electronic security locks and readers so organizations will not have to retrofit existing doors and lock hardware. Given its size, robust features and superior identity protection, we believe our biometric card is the ID card of the future.”

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Oberthur Sees Exponential Contactless Payment Demand

Oberthur Technologies contactless technologies’ “FlyBuy Sticker” contactless sticker product has seen an increase in demand. Approved and developed in cooperation with MasterCard Worldwide, the “FlyBuy Sticker” contactless payment device can be attached to a mobile phone or MP3 player and waived in front of a POS contactless reader to conduct transactions. Reaching out to the 18-34 demographic, this appeal allows the end user to choose their very own personalized payment device. It can be tied into the customers’ existing bank account and used as a normal payment card at any contactless POS. US banks marketing the device include Citi, which started issuing Oberthur-manufactured Stickers in June, while international issuers are found in Switzerland, Poland, England and Korea.

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Paysafecard Appoints Prepaid Services Director

Richard Knight has been appointed Director of the Paysafecard group UK-based subsidiary, Prepaid Services Company. Knight brings to his new role experience, having fulfilled several risk management and compliance roles for Travelex, most recently as Head of Compliance for the prepaid card and mobile payments division. In this previous role he was responsible for all regulatory and compliance matters relating to Travelex’s prepaid card business which operates in over 30 countries worldwide. He will benefit the online payment method provider in his new role through his knowledge of various markets all over the world.

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Heartland 2Q/10 Transaction Processing Up 8% Y/Y

Heartland Payment Systems payments processing announced 2Q/10 systems revenues of $420million and a net income of $6.1 million. With small and mid-sized merchant transaction processing volume an unprecedented $16.3 billion, up 8% since the year ago period, net revenues for the quarter was up 8.1% since the year ago period to $115.1 million. Net revenue also benefitted from a quarterly record 800 million Network Services transactions, which were up nearly 10% from 728 million transactions in the June quarter of last year. Additionally, relationship manager count grew to 1,393 for a 24% increase from the previous quarter; net revenue was up 8.1% from the year ago period; operating income as a percentage of net revenues was 13.2%, reflecting improved leverage of the company’s business model through disciplined expense management.

HEARTLAND REVENUES
1Q/09: $372 million
2Q/09: $417 million
3Q/09: $443 million
4Q/09: $420 million
1Q/10: $411 million
2Q/10: $420 million
Source: CardData (http://www.carddata.com)

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Wincor Nixdorf Ships 10,000th Intelligent Deposit ATM

Wincor Nixdorf has shipped its 10,000th US CCDM ATM, demonstrating an increasing adoption of ATMs that accept bulk deposits of check, cash or a combination of both through one single input. Two of the top five U.S. banks, along with other leading financial institutions, have led the adoption of this revolutionary module, first introduced by Wincor Nixdorf, which eliminates the need for deposit slips and envelopes. The module was introduced in November 2002, has the unique feature of a single input that accepts both cash and checks in bulk form. The CCDM technology reduces costs at financial institutions from post-processing of night safe deposits, allows banks to offer greater accessibility and to reduce manual work at the counter.

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