ACI and Opera Boost Fraud Analytics

ACI Worldwide’s customers can now access additional fraud models and professional
services from Opera Solutions LLC, a firm that develops and deploys
advanced predictive analytics. Opera Solutions is a world leader in applying advanced modeling
techniques, machine learning and new technologies to very large datasets
and thorny analytic problems. The company has more than 70
mathematicians, scientists, and statisticians in its three scientific
and technical Centers of Excellence in San Diego, Shanghai and New
Delhi. This alliance expands the risk management analytics offerings
available to ACI’s customers around the world. The models that result from ACI and Opera Solutions’ combined service
offering adaptively learn and use all available data to create powerful
predictions with a minimum of false positives. This is accomplished by
leveraging the full panoply of non-linear and multi-variable modeling
methods that are adaptive, flexible, and able to learn, including Matrix
Factorization, Restricted Boltzmann Machines (RBM), Neural Networks,
K-Nearest Neighbor (KNN), Compression Neural Networks, Hidden Markov
Models, and Clustering techniques. Together, ACI and Opera Solutions offer comprehensive solutions to help
card issuers, merchants, acquirers, payment processors and financial
institutions combat fraud schemes.

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Agilence POS Launches Integrated Loss Prevention

Agilence POS auditing has launched its “Hawkeye 4.0” retail loss prevention software suite. Hawkeye helps retailers quickly identify sales-reducing activities caused by operational and systemic issues, poor promotion execution, supply chain inefficiencies and associate fraud. It offers Automatic Sweetheart Detection (ASD) and the addition of Human On Transaction (HOT) technology. Using “Automatic Sweetheart Detection” (ASD) allows retailers to configure Hawkeye to run advanced queries to detect sweethearting activities – one of the most common types of employee theft that stems from unauthorized discounting of merchandise. Meanwhile, “Human On Transaction” (HOT) technology, Agilence’s software can also detect whether a customer is present during a transaction to help retailers identify valid non-scans while also pinpointing activities such as associate refund fraud and incorrect voids.

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GLOBALFOUNDRIES Releases SoC DFM Library

GLOBALFOUNDRIES has made available its silicon-validated solution to help customers
accelerate time-to-volume for complex SoC designs at 28nm and beyond.
Called DRC+, the technique goes beyond standard Design Rule Checking
(DRC) and uses two-dimensional shape-based pattern-matching to enable a
100-fold speed improvement in identifying complex manufacturing issues
without sacrificing accuracy. DRC+ augments and completes the overall DFM solution provided by
GLOBALFOUNDRIES, together with rule-based DFM verification and
model-based litho/etch and CMP simulators, which can identify new
yield-detracting patterns, as process conditions and design styles
change over time, during technology development. As the process matures,
DRC+ pattern-matching-based verification at the full-chip level can then
be used to achieve increasing performance improvements, at the highest
level of accuracy. By improving verification speed, DRC+ can have a
direct impact on the ability to rapidly ramp a product to volume and
accelerate time-to-market for customers. GLOBALFOUNDRIES full-service semiconductor foundry
has a truly global manufacturing and technology footprint.

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PULSE Offers Recommendations for ATM and Debit Card Safety

The PULSE Network is kicking off “ATM& Debit Card Safety Awareness
Month” by releasing tips to encourage consumers to remain vigilant
about safety while using debit cards at ATMs and point-of-sale terminals.
PULSE assists its financial institution participants in protecting debit
cardholders by providing safety materials and statement inserts, and by
sponsoring the consumer debit awareness website,www.DebitFacts.org. For
additional information on protecting debit card transactions and
avoiding financial fraud, consumers may visitwww.pulsenetwork.com/safety or follow
DebitFacts on Twitter@debitfacts. PULSE, a Discover Financial Services company, is a
ATM/debit network, serving more than 4,400 banks, credit unions and
savings institutions across the United States. The network links
cardholders with ATMs and POS terminals at retail locations nationwide.

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Gold Card Fees Hold Steady, Peak in December

Gold card average annual fees averaged around $30 last year. December saw the year’s high at $30.76, up from $29.07 for the same month in 2008 but down from 33.94 in 2005 and 36.20 in 1999. Relatively speaking, annual fees have come down greatly over the past 10 years, as every month in 1999 saw average fees of more than $36.00. Although annual fees saw relative steadiness throughout the year, gold card APRs neared an all time high of 19.43% in December of 2009. Averaging around 17% throughout the year, the year closed with the highest gold card average APR since the December 2007 figure of 19.48%. For additional information on gold card fees and APRs, please visit www.carddata.com

GOLD CARD FEES
JAN: $28.86
FEB: $28.66
MAR: $28.61
APR: $28.60
MAY: $28.59
JUN: $28.89
JUL: $28.91
AUG: $29.05
SEP: $29.00
OCT: $29.76
NOV: $29.98
DEC: $30.76
SOURCE: Carddata.com

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3V and People’s Trust Now Offering Visa Prepaid Voucher

3V and People’s Trust have launched the “3V Visa Prepaid Voucher to pay online, providing a convenient and secure
way to access funds set aside for online purchases. The 3V Visa Prepaid Voucher can be used online, as well as by mail order or
over the telephone; just about anywhere Visa is accepted. Customers can purchase the voucher at any of the 15,000 participating
retailers across Canada including Esso and Canadian Tire gas stations. Voucher denominations range from $20 to $500.
To use the voucher, customers can redeem the 3V Visa activation code online to receive
a secure 3V Visa number, expiry date and 3-digit security codenormally found on the back of a credit card. Money can be transferred between the 3V
Visa numbers or any remaining funds can be deposited back into a bank account.

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JCB & DBS

One World Ventures announced that 1World Cash, its money
transfer service and a provider of prepaid cards, has
added Indonesia as a remittance destination. Through its 1World Cash
stores and agency franchise locations, 1World Cash can now provide cost
effective remittance options with real time bank transfers for more than
150,000 of the Indonesian migrant workers who live in Hong Kong.
Indonesia migrant workers are employed in many industries and as domestic helpers. In 2009, an
estimated $8.3 billion in remittance was transmitted to Indonesia and
81.9% of Indonesian migrants make use of bank transfers when remitting
money, but only 32% have bank accounts, according to the World Bank.
1World Cash is providing access to the banking systems to these under
banked migrant workers, empowering and providing an easy and secure
remittance program. One World Ventures, Inc.
is a holding company with management resourced in
Asia, Mexico and the United States that invests in technologies,
communities and systems that facilitate trade, finance, communication
and travel across international boundaries, cultures and languages.

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Angell Eye Deploys Paypal Card-Swipe Solution

Angell Eye is commencing full distribution of its “USBSwiper.” Designed to replace the need to manually type information into the Virtual Terminal for PayPal in order to process sales and capture information from credit cards, the “USBSwiper” efficiently provides solutions for merchants handling POS card swipe purchases. Utilizing Paypal’s “Payment Pro” software and the USBSwiper in order to instantly capture credit card information and handle all kinds of transactions. Consumers and business owners alike have been awaiting this type of solution for a long time, as sales and purchases can now be processed faster and owners no longer have to manually type information into their information storage system. The “USBSwiper” now allows merchants to process sales and purchases on the go with their laptop and is usable for both Mac and Windows users, is portable, and can instantly process transactions.

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ValidSoft Launches Card Fraud Prevention

Elephant Talk Communications is introducing its “VALid-POS” software service, developed by ValidSoft. Current fraud
detection technology works by comparing any new card use with a cardholder’s historical patterns of
spending and locations. This method results in 9 out of every 10 cross-border transactions flagged as
fraudulent being legitimate, subsequently costing banks up to $10 per case. With criminals expected to
target football fans during the month-long World Cup, stealing their credit card numbers and racking up
big purchases, ValidSoft’s “VALid-POS” allows banks to more accurately determine which transactions are
legitimate using cell phone data to verify legitimacy. Each time a card is used, the software determines in
real-time, that a physical transaction involving a payment card is in proximity to a mobile phone linked to
the actual cardholder. With this, “VALid-POS” spots the real transactions correctly 95+% of the time.

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IQPC Holds Prepaid/mPayments Conference

Event management provider IQPC will hold the Prepaid Cards& Mobile
Payments 2010 Conference that will feature prepaid leaders from across the
retail and banking industries and has been expanded to include the
lucrative mobile payments space. Attendees will hear about the latest in
innovative payment strategies and regulations in addition to forecasting
the mobile and wireless markets. Speakers come from retailers, banks and technology providers including
Best Buy, Aeropostale, Transaction Wireless, Nike, Nokia, Travelex, Meta
Payment Systems, Western Union, Wal-Mart and more.

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GiftCardMall.com Offers Visa 2010 FIFA World Cup Gift Cards

Effective immediately, Blackhawk Network prepaid and financial payments products has made available its Visa gift cards commemorating the 2010 FIFA World Cup through GiftCardMall.com. With this, Consumers will be able to give gift cards customized with images of the FIFA World Cup. Featuring images of the excitement and spirit of South Africa hosting the 2010 FIFA World Cup, the cards will be available in denominations ranging from $20 to $500 and can be used anywhere Visa debit cards are accepted electronically. Cards issued by MetaBank. Gift Card Mall reaches more than 165 million people each week through a network of grocery, mass, convenience, drug, and specialty stores.

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Billeo Expands Biller Directory

Online financial assistant Billeo has expanded its Biller Directory to help consumers pay their bills
instantly with a credit, debit or prepaid card at more than 10,000
companies across 26 categories. As the largest directory and the defacto standard in the U.S. and
Canada, Billeo’s Biller Directory now covers more than 15,000 companies
with two-thirds accepting card-based bill pay. Visa and Discover already use Billeo’s Biller Directory to provide
customers a one-stop listing of billers that accept card payments
online. Consumers even have access to information on billers that charge
convenience fees and those that allow auto-payments, making Billeo’s
Biller Directory even more useful. Highlighting companies that take credit, debit and prepaid card payments
means Billeo helps consumers earn valuable card rewards. The average household pays six bills each month to cover services such
as insurance and utilities, spending a cumulative $7,000 annually.
Billeo estimates that its users already have earned $1.4 million in rewards
just by paying their bills and shopping online.

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