Small Business Index Hits 87.4 in May, Up Over 2 Points M/M

Small business owners’ confidence increased for the second straight month in May to 87.4 from 85.1 in April on the Discover “Small Business Index.” In May, 35% of small businesses believe the economy is getting better, up from 31% in April; 51% say the economy is getting worse, down a point from the previous month; and 12%t see the economy as the same, down from 14 percent in April. The percentage of small business owners rating the current economy as good or excellent was 12% in May, compared to 13% in April while 32% rate the economy as fair and 56% still think it’s poor. These improvements are due in great part to more small business owners believing the economy is improving; cash flow issues held steady at 45%; 48% reported no cash flow issues; 28% say economic conditions for their businesses are getting better; and 25% of small business are increasing business spending in May.

2010 SMB INDEX
JAN 85.2
FEB 85.0
MAR 78.2
APR 85.1
MAY 87.4
SOURCE: Discover

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FIS Executive VP, Finance Steps Down

George P. Scanlon, executive VP of finance with FIS payments, is leaving the company to accept the role of COO with Fidelity National Financial. Scanlon served as chief financial officer of FIS from July 2008 through September 2009, and has served in his present role since the acquisition of Metavante Technologies, Inc., on October 1, 2009. FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in over 100 countries worldwide. FIS provides financial institution core processing, and card issuer and transaction processing services, including the NYCE Network.

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Lattice Boosts Hot-Swap Application Coverage

Lattice Semiconductor has added a new, higher performance device to its second
generation Power Manager II product family. The ispPAC(R)-POWR1220-02
device integrates a higher voltage charge pump with programmable current
to control MOSFETs in Hot-swap and Sequencing applications. The new
device is pin compatible with existing Power Manager II devices and
integrates power management functions that typically require multiple
ICs, including Hot-swap Controllers, Reset Generators, Voltage
Supervisors, Sequencers and Trackers. The ispPAC-POWR1220-02 also
integrates Analog-to-Digital Converter (ADC) ICs used for power supply
voltage and current measurements, and DC-DC converter trimming and
margining control ICs. The Lattice PAC-Designer Tool Suite The PAC-Designer tool suite
provides design and verification tools for Lattice mixed signal devices.
The PAC-Designer software is a complete design environment, including
everything needed for design, implementation, simulation and programming
of supported devices.

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GuestLogix Receives Second PCI PED 2.0 Certification

GuestLogix has received PCI PED version 2.0 certification for its “PowerSeller” POS handheld, allowing the Company the broadest offering of POS handhelds in the travel industry with the most current payment certifications. The “PowerSeller” with EMV Level 2 secure Chip and PIN functionality provides universal, cost-effective, and secure managing and processing onboard retail transactions. PCI PED 2.0 processing protects passenger payment transactions, reduces risk and fraud, and minimizes merchant acquirer costs while “PowerSeller” allows flight attendants to quickly process card payment for refreshments, meals, in-flight entertainment, duty free goods and any OnTouch merchandising offers. It allows users electronic signature capture, to scan product barcodes, and to process a payment or print a receipt or a voucher at the seat. The POS comes fully-integrated with printer, MSR, barcode scanner, IC card reader, and soon, contactless payment technology.

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nCircle Launches Latest Version of PCI Scanning

nCircle security and compliance auditing launched its “Certified PCI Scan Service” to add significant functionality designed to simplify merchant compliance workflow. The nCircle “Certified PCI Scan Service” is a self-service and highly automated solution that enables anyone to scan their Internet-facing payment network for PCI compliance. It offers automated asset discovery, automating the task of determining systems that are in scope for PCI ASV scanning; annual subscription pricing for greater flexibility to users that prefer more frequent testing; advanced exception management, providing significant time savings for customers with large numbers of PCI assets; and a simplified user interface with the fewest possible clicks.

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New Visa Gold Card Offers Advanced Financial Services

AccountNow prepaid Visa provider has introduced its new gold card product with features and services usually found only through traditional banking relationships. The AccountNow Gold Visa Prepaid Card lets cardholders borrow money with the “iAdvance” line of credit from MetaBank to build credit history. AccountNow Gold cardholders who enroll in Direct Deposit receive higher limits on all deposits and withdrawals. Gold Card customers also receive VIP customer service, free online bill pay, and the power, prestige and convenience that come with carrying a Gold Visa Prepaid Card. And, there’s no monthly fee when $3,000 or more in deposits is placed on a card during a month. Cardholders receive a $25 account credit when they set up a recurring direct deposit and make at least two direct deposits of $100 or more and can use their Visa wherever Visa debit cards are accepted.

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Tech CU Marks Its 50th Anniversary

CA-based Technology Credit
Union marked its 50th anniversary of its founding
by employees of Fairchild Semiconductor. Tech CU has established itself as an expert in
lending and a leader in bill pay, mobile
banking and enotifications. For the future, Tech CU will launch a new three-year strategic plan
later this year, the focus of which is to more effectively meet the
needs of the employees of technology companies and of small businesses
through new products tied to the growing demand for mobile applications
and online services.Technology Credit Union is a full-service
financial institution serving small businesses and individuals who work,
live, study or worship in Santa Clara, Alameda, Contra Costa, Santa
Cruz, San Mateo and San Francisco counties. Tech CU was started in 1960
and is now among the top 1 percent of the nation’s largest credit
unions with more than 76,000 members and $1.4 billion in assets.

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Emulex to Present at Think Equity Conference

Converged networking solution provider Emulex Corporation will present to investors attending
the Think Equity Semiconductor Conference on Thursday, June 3. Emulex Executive Vice President
and Chief Operating Officer, Jeff Benck and Executive Vice
President and Chief Financial Officer, Michael Rockenbach will
host the presentation. The presentation can be heard and viewed
www.emulex.com. The archived version of Emulex’s presentation
will be available for seven days following the conference in the audio archive
section of the Company’s website.

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MagTek Responds to the SPVA’s E2E Guidelines

CA-based payment security provider MagTek has responded to the Secure POS Vendors
Alliance and its published guidelines on the application of encryption
technology to payment card data used for retail financial
transactions. The guidelines establish an auditable set of requirements
that can be used to validate cardholder data security across the many
entities that participate in the transport of payment card data.
MagTek’s IPAD and its entire product line of secure card reader
authenticators (SCRAs) are protected by MagneSafe security which
conforms to the SPVA recommended guidelines. The encryption
begins within the magnetic sensor, the instant the card is read.
Experts agree that payment card data should be encrypted from the point
of swipe to the point of authorization. This will increase the degree of
difficulty thieves encounter when trying to steal cardholder data
for nefarious purposes. But E2E will do little to deter
criminals, or detect and stop counterfeit card fraud and ultimately may
not by itself be worth the investment.

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USA Technologies Signs 1,000th ePort Connect Service

USA Technologies has signed
1,000 customers on its ePort Connect Cashless Payment Service serving
the vending and other automated retail industries. The 1,000 customers
USA Technologies now has on its service are up from 525 customers just a
year ago—an over 90% increase for the 12 month period.
The ePort Connect Service offers the most cost-effective cashless payment solution for the vending and
other small ticket unattended cashless markets available with one-stop shop that eliminates the complexity of implementing an
unattended cashless payment system with an open cashless payment system, compatible with multiple hardware
devices and multiple payment processors. USA Technologies is listed as a PCI Compliant, Level One Service Provider by
VISA.

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The Bank of Santa Barbara Selects Deploys Fiserv Platform

Fiserv financial services technology solutions announced The Bank of Santa Barbara has deployed its “Premier” bank platform to provide comprehensive integrated account processing, electronic banking and bill pay. This reinforces the Bank’s commitment to community banking and local decision making to better serve the commercial market, which is newly recapitalized and with $93-million in total assets. The Bank of Santa Barbara chose the Premier bank platform and outsourced account processing services from Fiserv, as well as the organization’s mobile banking, Internet banking, risk management, EFT, electronic bill payment, and branch and merchant source capture solutions. The seamless integration of Fiserv products was important to The Bank of Santa Barbara’s decision to deploy Premier, along with the ability to complete a higher volume of electronic transactions, with internal controls to manage risks associated with electronic banking.

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Illinois Restaurant Association Endorses Heartland Processing

The Illinois Restaurant Association has selected Heartland Payment Systems as its exclusive endorsed provider of card processing, gift marketing, tip management and check management solutions. Heartland’s payroll services will be added to the endorsed offering effective June 7, 2010 and is the first-ever unified payments processing platform for the restaurant industry. Heartland, the National Restaurant Association, the Council of State Restaurant Associations and many state restaurant associations launched “Full Course Business Solutions” suite of tools to help restaurateurs enhance operations. Becoming the 41st of state associations to join the program, the Illinois Restaurant Association is a non-profit organization dedicated to promoting, protecting, educating and improving the restaurant industry in Illinois.

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