MASTERCARD

MasterCard Worldwide has introduced its multiple innovative enhancements
to the MasterCard Worldwide Network. Offering its financial-institution
customers and merchant partners opportunities to improve the shopping
experience for cardholders, the enhancements identify new business
opportunities and improve operational efficiencies. With this network
upgrade, MasterCard will introduce “authorization response time
reduction” to increase approval rates and improve the cardholder
experience at the POS by reducing the time it takes to authorize a
transaction and “Authorization Message Expansion” to enable additional
transaction information and intelligence to be exchanged during
authorization, allowing financial institutions to support new business
opportunities. With this, “Pay with Rewards” allows EU financial
institutions Private Label Services Card Activation, helping
increase usage of private label prepaid cards by enabling customers to
immediately activate and load value on their cards as they make purchases.

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SmartCard Marketing Introduces Credit Card Payment Processing

SmartCard Marketing Systems has introduced Credit Card Payment Processing services for its merchants. The services will be made available to the Company’s “Velocitymoney.com” merchants, their customers, and eventually to new merchants boarding velocitymoney.com services. The processing service is being introduced with with the intention of enhancing existing methods of processing and offer merchants the full suite of transaction management they require to better serve their customers online and off-net. SmartCard Marketing Systems also hopes to establish new thresholds of transactions and to increase the number of transfers done by individuals by as much as 35%.

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GEMALTO EPASSPORT

Gemalto has renewed its multi-year contract to personalize and issue ePassports for Norwegian citizens. The company manages the entire delivery process from the production of the travel document through to personalization and operated issuance services, which are performed in Gemalto’s Oslo-based secure service center.
Gemalto has deployed ePassports to Norway since 2005, placing the country as a pioneer in nationwide deployments of biometric passports compliant with international standards. The new ePassports and issuance solution feature the EAC (Extended Access Control – an International Civil Aviation Organization standard for second-generation ePassports) for increased protection of biometric and privacy sensitive data, as well as innovative security features in the polycarbonate data page.

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STAR Network Adds SunTrust Bank to Network

First Data Corporation’s STAR Network has signed a multi-year agreement with top-ten debit
card issuer SunTrust Banks to provide PIN-secured debit point-of-sale (POS) and ATM access
to its cardholders. Through the merchant
processing alliance, SunTrust can offer a full suite of electronic
payment products and services including credit, debit, check, and gift
card programs to its business customers throughout the Southeastern
United States. First Data provides signature debit and credit card processing and
production to SunTrust, as well as merchant processing services to the
bank’s business and commercial customers. As of March 31, 2010,
SunTrust had total assets of $171.8 billion and total deposits of $118.7
billion and operates an extensive branch and ATM network
throughout the high-growth Southeast and Mid-Atlantic states and a full
array of technology-based, 24-hour delivery channels.

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nuBridges VP Joins Panel to Counsel on Preventing Data Breaches

nuBridges information security expert and VP, Gary Palgon, will take part in a panel discussion on how financial services companies can better protect financial databases to prevent data security breaches at the 2010 FS-ISAC, FSTC, BITS Annual Summit on May 4 at the Don Cesar Beach Resort in St. Pete Beach. Gary is VP, Product Management for nuBridges, and a member of the PCI Security Standards Council. A frequent speaker on information security, Palgon was named Best New Speaker and inducted into the Speaker Excellence Hall of Fame at IBM Common in 2008. According to the Identity Theft Resource Center, there were 461 breaches and more than 222,000,000 records compromised last year.

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Visa Signature Named James Beard Official Payment Card

The James Beard Foundation has named Visa Signature the preferred payment method for all of the culinary organization’s events and provides Visa Signature cardholders access to exclusive epicurean experiences featuring some of the world’s most renown chefs. Visa Signature cardholders will receive a number of benefits through this partnership, including exclusive Visa Signature presale and preferred pricing on tickets to Celebrity Chef Tour dinners benefiting the James Beard Foundation. The 2010 Celebrity Chef Tour will visit cities including New York, Washington, D.C., Chicago, Toronto, Atlanta, Boston, Seattle, Phoenix, Baltimore, San Francisco, Denver, Minneapolis, Las Vegas and Los Angeles. Michael Schlow, Marcus Samuelsson and Walter “The American Chef” Scheib are among the host of celebrity chefs participating. Visa Signature is a premium payment card which offers cardholders a range of benefits, in addition to rewards programs that may be offered by Visa Signature partners, such as airline, hotel and cash back programs.

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Alternet Webcasting Mobile Commerce and IMS Approaches

FL-based mobile commerce service provider Alternet Systems has released
a strategic webcast presentation
available for on-demand review currently at www.alternetsystems.com. The
webcast discusses the Company’s approach to the mobile
security marketplace, the IMS product portfolio, to include voice and
data encryption, and a prospective acquisition. Alternet recently
announced pursuing a confidential target acquisition to support the IMS
subsidiary operation through mobile security-related intellectual
property. IMS was created in late 2009 to address security concerns when
deploying mobile commerce and transaction services. IMS’s aim is to
expand Alternet’s mobile security services to the global mobile security
market, which is expected to surpass $4 billion dollars in 2014,
according to an ABI Research study published in January 2010. Alternet
has regional presences in 17 countries
throughout the region through a network of fulfillment partners and
agents. Alternet’s subsidiaries provide a comprehensive suite of hosted
and Software as a Service (SaaS) applications for the utility,
transportation, financial,telecommunication and retail industries.

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Diebold Reports Q1 Financials

Diebold, Incorporated reported
first quarter 2010 income from continuing operations attributable to
Diebold, net of tax, of $24.9 million. These amounts
are both up 185%, from the first quarter 2009. First quarter 2010
revenue was $619.0 million, down 6% from first quarter 2009.
Total gross margin for the first quarter 2010 was 25.5%, an increase of
2.3 percentage points from the first quarter of 2009. The increase in
total gross margin was attributable to continued productivity gains and
cost- reduction measures in the company’s service operations.
Total operating expense as a percentage of revenue for the first quarter
2010 was 19.0%, an increase of 2.6 percentage points from the first
quarter of 2009. After coming off a particularly strong order period in the fourth
quarter 2009, global product and services orders decreased 9% compared
with the prior-year period. Global financial self-service orders
decreased 10% against a difficult comparison with the first quarter
2009, as well as moderating from growth in excess of 40% in the fourth
quarter 2009. Orders in Asia Pacific decreased 26% as that region
appears to be returning to a more typical seasonality pattern, and
experienced a very strong fourth quarter 2009 in which orders increased
more than 50%. These patterns are indicative of the variable nature of
orders, particularly in Asia Pacific. Operating expense as a percentage of revenue was
negatively impacted by lower revenue in the quarter, increased
investment in research and development, and certain costs associated
with the previously announced job eliminations in the company’s North
America operations and corporate functions.

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HSBC & Mastercard Renew Card Issuing Agreements

HSBC and MasterCard Worldwide have signed an agreement renewing their longstanding global partnership to provide HSBC Premier customers a MasterCard credit card until 2015. HSBC Premier exclusive banking service targets individual financial needs for internationally minded customers with access to global banking and expertise in over 40 countries and territories. HSBC MasterCard cardholders can choose experiences that suit their lifestyles including vacation packages, shopping, dining and entertainment. The credit card’s protection benefits provide a free next day emergency card replacement and travel insurance.

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Veritec and Bolin Group Ink blinx Marketing Agreement

Veritec has signed a marketing agreement with TX-based The Bolin Group to
begin marketing its “blinx On-Off” card and “PhoneCodes” technologies.
Under the ‘blinx On-Off” card program, card issuers and sponsors may
provide Veritec’s private branded debit or gift cards to individuals
with or without an acceptable credit history. The “blinx On-Off” card
features the ability to turn card use on and off, make real time money
transfers, and to provide notifications of card use. Cardholders have
security and convenience while traveling and managing their funds, as
well as transferring amounts from card to card or account to account, in
real time anywhere in the world. Veritec technology can be deployed as
either a closed or open loop processing platform. Veritec’s instant issued “MTC” and “blinx On-Off” card programs, on
Veritec’s mobile banking platform, are connected to Security First Bank
of Fresno, California.

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Credit Card Issuers See Drop in Stocks

Friday, April 30 saw all credit card issuer shares closing lower. Visa lost 2.79% to $90.23 on high volume. Earlier this week, the payment processing company said its second-quarter net income rose 33% to $713 million. In the same quarter a year ago, it earned $536 million. MasterCard went down 2.87% to $248.04 on 1.67 million shares; American Express dropped 3.11% to $46.12; Discover Financial Services went down 3.62% to $15.46 on 6.36 million shares and Capital One Financial declined 3.25% to $43.41 on 5.55 million shares as reported by Penny Stock Pick Alert.

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USA Technologies 1Q/10 Sees 52%+ Installations

USA Technologies wireless non-cash transactions reported 1Q/10 increased the installed base by 52%, with approximately 73,000 devices connected to its “USALive” network, compared to the 48,000 devices for the year-ago period. Revenue from license and transaction fees was a record $2.4 million for the three months ended March 31, 2010, a 69% increase compared with $1.4 million in the year-ago quarter; total revenues increased 60% to $3.7 million, compared with $2.3 million for the year-ago quarter; and gross profit for the period totaled $1.3 million, compared with $591,184 for the year-ago period. Meanwhile, the number of transactions processed increased 67% to 9.7 million transactions, compared with 5.8 million transactions processed a year ago, the dollar volume of transactions processed increased by 51% to $17.2 million, compared with $11.4 million for the corresponding quarter in 2009; and the new ePort Jump Start Program accounted for approximately 79% of ePort unit shipments.

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