Givex Gift Card Programs Certified with POSqx

Closed loop gift card provider Givex announced that its gift card
programs have been certified with POSqx by CA-based SumGuys. POSqx
was specifically developed for the Restaurant and Food Service industry.
Unlike other POS systems, POSqx is a cloud-based POS solution,
delivering services and applications to a terminal as needed. Businesses
gain access to comprehensive infrastructure for processing while
avoiding large capital expenditures. The Givex integration enables POSqx
users to start selling and redeeming gift cards, gaining access to a
powerful new revenue stream and technology for customer acquisition.
Givex provides a broad range of profit enhancing processes that
seamlessly integrate gift cards, loyalty engines, e-couponing and
targeted email campaigns. This innovation is also backed up by years of
experience and the relentless pursuit of excellence that defines our
technology and client support. Sum Guys Inc. is an innovations company
in the Point-Of-Sale (POS) and payment processing solutions industry for
retail and hospitality.

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MPAYMENT

Gemalto, Credit Mutuel-CIC and NRJ Mobile have joined forces to offer contactless mobile payment services as part of the “Nice, mobile contactless city ” project. This initiative is the first commercial launch of contactless mobile services in Europe. With the support of the French government, it is being developed in conjunction with mobile operators, banks, transport operators and the retail sector. It will allow people in Nice to use their NFC-enabled mobile phones in total security to pay at restaurants, supermarkets and local stores, as well as in the city’s transport networks. Information services will also be available at the museums and university campus. This project follows on from the “Payez Mobile” pilot programs successfully rolled out in Strasbourg and Caen, with a new commercial dimension. In Nice, users take out an NFC mobile pack at their operator’s points of sale, and activate the NFC payment service at their bank branch office. For Credit Mutuel-CIC customers, access to this service is even simpler, since they will be able to find the Credit Mutuel Mobile or CIC Mobile* offerings in their Credit Mutuel or CIC branch office and will therefore activate the NFC functionality all at the same time.

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Zealous Launches e-Retailer Outlet

Zealous Interactive announced that The
Collectible Exchange will become a fully-operating business
that after more than a year of testing the online store concept.
The store will be run by Randy Kepper who has led the testing for the project.
Nevada-based Zealous conducts its existing business
through its wholly owned subsidiaries; Zealous Interactive, Inc., Health
and Wellness Partners, Inc., and Zealous Capital Group, Inc.

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CITI PRIVILEGES

Citibank Credit Cards and Cobrand Cards customers can now exclusively enjoy the hottest offers in over 30 restaurants at SOHO in Central. At a glance, the “the hottest year-round privileges” include up to 50% off
dining privileges,buy-three-get-one-free mega lunch buffet,complimentary glass of wine
and complimentary tapas entree. Citi has approximately 200 million customer accounts and does business in more than 140 countries.

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RewardsNOW Gets $7.5m Boost from Edison Venture Fund

NH-based customer loyalty provider RewardsNOW has finalized a $7.5 million investment from Edison Venture
Fund, further positioning the financial services
provider for client growth and expansion of the services it offers.
RewardsNOW provides customer loyalty programs to more than 300 financial
institutions. RewardsNOW is a provider of marketing services for the financial
industry. The company’s turnkey loyalty solutions include configurable
web-based loyalty platform, marketing communications, analytics/ROI
reporting, rewards catalog/fulfillment, merchant network management,
design and program management/consultation and customer support. These
products and services generate incremental profits from increased member
acquisition, increased product usage, and lower customer attrition
rates.

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GEMALTO & ORANGE

Gemalto will continue the long-term partnership with Orange France as part of the “Nice, mobile contactless city” commercial project. Orange has selected Gemalto as partner for its Nice, mobile contactless city”
Near Field Communication (NFC) solution. The project is the first commercial launch of contactless mobile services in Europe. With the support of the French government, it is being developed in conjunction with mobile operators, banks, transport operators and the retail sector. It allows citizens and visitors in Nice to use their NFC-enabled mobile phones to pay at restaurants, supermarkets and local stores, as well as riding the city’s buses and tramways, all in total convenience and digital security.
The “Nice, mobile contactless city” solution is designed to interface with Trusted Service Partner platforms in an open environment. It complies with the latest EPC (European Payment Council)-GSMA standards and will enable the secure, over-the-air activation of their applications in UICC cards. Gemalto’s partnership with Orange and other parties delivers in the Nice project the best-in class trusted service technology, that will help boost the uptake of mobile contactless services.

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Radiant Systems Rolls Out NewPOS Security Tools

Atlanta-based Radiant Systems is
offering a new suite of payment security products, known as “Radiant
Payment Guard”, that currently includes “Payment Guard MSR”, “Token
Replacement” and “CPGateway”. Payment Guard MSR is an
encrypted magnetic stripe reader that is installed within Radiant
POS hardware terminals, which are deployed within both
the restaurant and retail industries. Payment Guard MSR enables data
security protection on a physical level with encryption of sensitive
consumer data built into Radiant’s hardware products. “Token Replacement” is a
payment security feature of the Aloha point of sale that has been in use
by restaurant operators since early 2009. With Token Replacement, a token
is allocated to cardholder data at the RBS
WorldPay and Radiant Payment Services host to prevent personal
information from being stored. Radiant’s CPGateway service is part of the Radiant Payment
Guard product set and works with Radiant’s specialty retail product
CounterPoint. CPGateway
encrypts cardholder data from the store to the hosting center, rather
than decrypting data at the store-level.

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MasterCard Urges Congress to Consider Consequences of Durbin Amendment

MasterCard is urging House and Senate conferees to reject the Dick Durbin amendment to the recently passed Financial Regulatory Reform Bill. The amendment, says Mastercard, will hurt the people and businesses it is supposed to protect. Consumers, community banks and credit unions will all be forced to pay more as a result of merchants attempting to increase their profitability if the Durbin amendment becomes law. According to Mastercard, the legislation is no more than a means of getting American consumers to pay big-box merchants’ fair share for the benefits these merchants get from electronic payments. The company looks to the Australian market as a direct example, where consumers saw their annual fees rise significantly, rewards shrink, and no evidence merchants lowered prices to reflect the cut in fees after the government put artificial controls on interchange fees.

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Visa To Fund Litigation Escrow Account

Visa will deposit $500 million into the litigation escrow account previously
established under the Company’s retrospective responsibility plan.
Under the terms of the Plan, when the Company funds the
litigation escrow, its U.S. financial institutions and their affiliates
and successors, the sole holders of Class B shares, bear a corresponding
financial impact via a reduction in their as-converted share count. As a
result, the deposit of Loss Funds has the effect of a repurchase by the
Company of $500 million of Class A common stock on an as-converted
basis.

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Credit and Debit Card PDV Gap $5b in 4Q/09

The gap between debit card and credit usage continues to widen in the USA. In 4Q/09, purchase dollar volume for credit cards was down $36 billion while PDV for debit cards was up $12 billion compared to the year ago period. According to CardData, purchase dollar volume for Visa and MasterCard credit cards for the fourth quarter was $300 billion, compared to $290 billion in 3Q/09 and $336 billion one-year ago. Debit card PDV came in at $295 billion for 4Q/08 versus $280 billion in the third quarter and $283 billion for 4Q/08. For the full year Visa and MasterCard debit card gross dollar volume rose to $1158 billion. Meanwhile, credit card volume totaled $1191 billion. For complete details on Visa and MasterCard performance visit CardData (www.carddata.com).

U.S. PURCHASE DOLLAR VOLUME
($ billions)
Credit Debit
4Q/07: $365 $266
1Q/08: $326 $268
2Q/08: $355 $289
3Q/08: $354 $286
4Q/08: $336 $283
1Q/09: $289 $281
2Q/09: $312 $302
3Q/09: $290 $280
4Q/09: $300 $295
Source: CardData (www.carddata.com)

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IFX Forum Welcomes Citigroup and Tata Consultancy to Board

The Interactive Financial eXchange Forum member companies’ representatives
have re-elected Victor Dossey, Microsoft Corporation, and Ewan McGuire, NCR,
to the Forum’s Board of Directors for terms expiring in 2013. The group’s 2010
Annual Meeting took place in Irving, Texas, hosted by CSC. Richard Feight of
Citigroup was elected to fill an open
three-year seat, and Murray Heldon of Tata Consultancy Services (TCS)
was elected to a one-year term. The newly constituted Board then re-appointed President Richard P. Urban
and re-elected Chairman Richard DuVall of ACI Worldwide, Treasurer Lee
Hou of FIS, and Secretary Mark Tiggas of Wells Fargo. The IFX Forum
not-for-profit industry association develops IFX and promotes its adoption as an open,
interoperable standard for financial data exchange. The IFX Forum was distinguished by a
three-hour “Introduction to IFX” tutorial session presented by Mr. Urban
on the event’s first day, which focused on the new features of IFX
Version 2. Forum membership is open to organizations interested in contributing to
the development of open financial standards. Forum members include
financial institutions, hardware, software and service firms, and
related non-profit groups.

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TrustCash Initiates m-Commerce Development

With the worldwide market for mobile payments to grow to $633.4 billion by 2014, up from $68.7 billion in 2009, through the help of Alligato Trustcash has doubled the size of its technology infrastructure. Also, with mobile payment users to grow 600% to 490 million in 2014 from 81.3 million in 2009, The Company has deployed its core technology infrastructure within a strategic development lab. This consists of enterprise level Hewlett Packard hardware and enterprise versions of JAVA technologies. The design of the platform is to be operating system agnostic currently set up within a Linux/Unix environment. The Company sees this as a means to embark on the fledgling m-payments market.

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