Retail Anywhere Adds JDS Solutions As POS Reseller

POS software developer Retail Anywhere has partnered with JDS Solutions
as a reseller of Retail Anywhere Point of Sale Software. Under the new partnership, JDS Solutions will sell, implement, and
provide support services for the newly integrated retail management
system. The integrated solution provides a complete end-to-end system
with real-time data replication between stores, corporate systems,
multi-channel environments and additional third party applications.
Since it’s unveiling a few months ago, several retailers have selected
the integrated retail management system. Retailers selecting the new
system include; A.S. Cooper& Sons with 11 gift and specialty stores
located throughout Bermuda, Bare Feet Shoes with 12 locations on the
east coast and Yoga Natural Foods located in New York City. The integration
of “Retail Anywhere POS” with “JDS WinRetail Enterprise” provides a complete
retail management system for midsize specialty retailers.

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NEOVIA Financial Board Appoints CFO

Keith Butcher has been appointed to the NEOVIA Financial alternative payments business Board as CFO. Bringing with him extensive experience in the software and technology sectors , Butcher was previously Finance Director of a number of AIM listed businesses including Datacash Group online payments processor, where he was Finance Director for almost 5 years during its period of rapid growth. NEOVIA Financial alternative payments is trusted by consumers and businesses in over 170 countries to move and manage billions of dollars each year, . Through the NEOVIA Payment Network, merchants use the NETBANX® processing service to simplify how they accept and settle card, direct-from-bank, and cash payments, and the NETELLER® payment account to increase margins, capture new customers and increase customer lifetime values.

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Mobile Marketing CAGR at Least 40% to 2015

In 2009, well under half a billion dollars were spent on mobile marketing and advertising. Over the five years to the end of 2015, that expenditure will grow at a compound annual rate of more than 40%, according to estimates from ABI Research. This robust growth will be fostered by mobile marketing being relatively inexpensive, offering highly targeted and rich mobile content. Mobile applications are also “eyeball magnets” that offer a fast-track to potential customers. More than three billion apps have been downloaded from Apple’s store alone. While not all mobile apps are ad-supported, some are, and some brands are creating their own apps.

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Payvment Secures $1.5 Million in Funding

Facebook e-commerce solution provider Payvment has secured a $1.5
million Series A funding round led by BlueRun Ventures venture capital
firm with a legacy in mobile and Internet infrastructure and application
investments. BlueRun invests in the first round of financing and works
closely with entrepreneurs to develop and execute their strategies.
Select BlueRun investments include PayPal, Slide, WiderThan, Wavemarket,
Fwix and Chomp. Payvment provides a free Facebook application that
allows businesses, organizations and individuals to set up virtual
storefronts and begin selling to 400 million Facebook users within five
minutes. Since the company launched in November, over 20,000 businesses
and individuals have started to sell goods on Facebook and over 500,000
Facebook users have shopped for products in stores using the Payvment
app. Payvment e-commerce features on Facebook include “Universal shopping
cart,” increasing the chance of completing sales.

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eGift Card Sales Jump 167% For Mother’s Day

eGift card sales increased 167% between Monday, May 3 and Mother’s
Day on May 9. Monday, May 3 was the biggest selling day in terms of
monetary value, representing an increase of 297%, and the highest
day since Christmas Day 2009. CashStar, the digital gifting and
incentives company has released the online gift card sales trends
across fifty leading retail brands from the 2010 Mother’s Day holiday.
Based on aggregated data from consumers making purchases across
CashStar’s digital gifting and incentives platform, personalized eGift
cards continue to serve as an essential tool for retailers looking to
achieve sales spikes during holiday shopping seasons. In terms of
quantity, 66% of all eGift cards delivered on Mother’s Day were
purchased on that day, proving that eGift cards continue to be an
effective last minute sales tool for retailers.

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No Overdraft Accounts to Lead to 5% Debit Account Attrition

Among US debit card users, 37% have overdrawn their accounts in the past year while only 30% of the overdraft users will most likely file overdraft information sent to them by their bank or credit union. Additionally, if banks rely on only one Opt-In/Out contact, 30% of their overdraft customers will not respond, will be automatically opted out, and will not be protected by overdraft protection, as required by the new Regulation E legislation. This, according to a March 2010, ACTON Market Intelligence Internet-based survey of 20,000 adult heads of household, also shows 30% of the overdraft users will likely be automatically opted out this summer due to non-response to their Opt-In/Out forms and subsequently without overdraft protection. This 30% accounts for 11% of all the debit card user accounts, nearly half of which will most likely move their account to another institution.

2009 AVG OL FEES
JAN: $35.92
FEB: $35.92
MAR:$35.93
APR: $35.95
MAY:$35.98
JUN: $36.10
JUL: $36.12
AUG: $37.75
SEP: $38.01
OCT: $36.58
NOV: $36.90
DEC: $36.91
SOURCE:Carddata.com

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BillMyParents Launches Mastercard Monitor Feature

BillMyParents introduced its “Peace of Mind Control Panel” feature. In conjunction with its teen reloadable prepaid MasterCard, the proprietary panel allows parents to monitor and manage their teens’ BillMyParents reloadable prepaid MasterCard accounts. The BillMyParents reloadable prepaid MasterCard is the debit card parents don’t need to worry about while the “Peace of Mind Control Panel,” Transaction Alerts deliver parents a text or email every time a transaction is made, including the name and location of the vendor, the amount of sale, and the remaining balance. Additionally, “Emergency Load” allows parents to instantly add funds to a card account for sudden emergencies and such.

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Dorado Names Senior VP of SaaS Operations

Ravi Balwada has joined Dorado Corporation collaborative financial cloud computing architecture as senior VP of worldwide software-as-a-service operations. He will oversee Dorado’s cloud computing-based LOS service offering and an increasing number of complex third party integrations. Balwada brings nearly two decades’ technology management experience to Dorado and most recently served as CIO and VP of On Demand Operations at SumTotal Systems to set strategic direction for the managed services and SaaS related initiatives. Ravi also managed global operations for Oracle On Demand, overseeing the commercial development and transformation of On Demand operations into an adaptive, scalable and highly optimized operating platform, serving enterprise applications on-demand and as a service. He holds a bachelor of engineering degree from Birla Institute of Technology.

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Paymetric Announces Winners of Customer Innovation Awards

Enterprise payment solution provider Paymetric have announced the winners of the 2010
Paymetric Customer Innovation Awards. The 2010 Paymetric Customer Innovation Award
winners included: Cardinal Health, Inc. for Most Innovative Use of Tokenization: Cardinal
Health, a $96 billion health care services company, has most
effectively utilized XiSecure On-Demand to the greatest advantage,
addressing the cost and scope of PCI compliance, enhanced security and
brand protection; Lenovo for Best Global Use of Technology: Lenovo demonstrated true innovation in the implementation of an
integrated payment processing solution on a global scale.
O.C. Tanner for Best Result of SaaS Migration: O.C. Tanner, an
international appreciation and recognition business, is recognized as a
long-standing Paymetric customer who experienced real business benefits
by successfully migrating from on-premise software to the XiPay
On-Demand platform.Companies were also recognized for their success in the Best Use of
Technology category. All of the winning companies have best demonstrated
how Paymetric’s XiPay On-Demand and/or XiSecure On-Demand solution
helped the organization to: improve business processes and performance;
overcome technological or organizational challenges;increase operational efficiencies;improve security and brand protection;
deliver excellence in customer service and achieve documented and/or demonstrable ROI.

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AmEx OPEN And Bolt Launch SMB Insurance Purchasing

American Express OPEN in conjunction with BOLT Insurance Agency has introduced “InsuranceEdge” integrated solution to help small business owners research, review, compare and purchase commercial insurance for their business. With “InsuranceEdge,” most small business owners can instantly price, compare and purchase commercial insurance policies. In doing so, it pairs an online module with telephone support to offer an all-in-one business insurance solution that enables business owners to obtain real-time price comparisons across multiple carriers, receive guidance from experienced and licensed BOLT agents and get round-the-clock access through a streamlined web portal. The “InsuranceEdge” allows small business owners to quickly identify an appropriate policy and compare quotes from multiple insurers to find a competitive rate before completing the full application; is available to every business owner and there is no charge to search quotes and no obligation to buy; and does not require a software download.

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Cypress Launches 32-Mbit and 64-Mbit Asynchronous SRAMs

Cypress Semiconductor has Launched its 32-Mbit and 64-Mbit fast asynchronous SRAMs, providing very fast response times and the smallest footprint at these densities. The “CY7C1071DV33” 32-Mbit 3V and “CY7C1081DV33” 64-Mbit 3V fast asynchronous SRAMs offer both 16-bit and 8-bit I/O configuration. The new 32-Mbit and 64-Mbit SRAMs offer very fast access times of 12 ns. They are available in RoHS-compliant 48-BGA packages with a footprint of 8.0 x 9.5 x 1.2 mm and 8.0 x 9.5 x 1.4 mm, respectively. The new fast asynchronous SRAMs are fabricated using Cypress’ “90-nm C9” CMOS technology. Cypress’s broad portfolio of fast asynchronous and low-power SRAMs includes densities ranging from 4 Kbits to 64 Mbits in 90-nm process technology for POS terminals, gaming machines, storage, automotive and more.

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Western Union to Present at the BoA Conference

The Western Union Company will present at the Bank of America Merrill
Lynch Services Conference on Tuesday, May 25, 2010 in New York. The
presentation will begin at 8:00 a.m. Eastern Time and will include
comments from Hikmet Ersek, Chief Operating Officer and CEO Elect, and
Scott Scheirman, Chief Financial Officer. The Western Union, Vigo and
Orlandi Valuta branded services are offered through a combined network
of more than 420,000 agent locations in 200 countries and territories.
In 2009, The Western Union Company completed 196 million
consumer-to-consumer transactions worldwide, moving $71 billion of
principal between consumers, and 415 million business payments.

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