31% Small Business Owners See Overall Economy Improving

Economic confidence among small business owners rose to its highest level in 14 months in April. Thanks to the broader economy and the conditions for their own businesses improving, the number of small business owners who say the economy is getting better nearly doubled to 31%, up from 16% in March and the highest level in this category in two years. The monthly Discover “Small Business Watch” index increased more than 10 points, rising to 88.5, up from 78.2 in March and the highest since the Watch hit 90.8 in February 2008. This marks the third consecutive monthly increase in economic confidence among small business owners. Meanwhile, the number of owners who see the economy getting worse dropped to 51% in April, down from 69 percent in February 2009, while 91% of small business owners still ranked the current economy as fair or poor. Additional Discover “Small Business Watch” findings show 32% of owners see economic conditions for their businesses improving, up from 24% in March; 40% see conditions getting worse, down 7% from the previous month; and 22% say it’s staying the same and 6 percent weren’t sure.

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ATMequipment.com Launches Wireless ATM Solutions

ATMequipment.com ATM wholesaler has created “OptConnect” (www.OptConnect.com) wireless ATM solutions. The “OptConnect OC-500” wireless gateway utilizes 3G technology and also has embedded security software to encrypt data communications. Several ATM operators have converted their ATM portfolios to wireless and are experiencing substantial telecom cost savings. “OptConnect” Wireless ATM benefits inlcude a lifetime warranty with advance overnight replacement in the rare event of equipment failure; OptConnect wireless data communications subscription is half that of landlines, with no upfront or installation costs; easy deployment and installation on the fly; and provides fast and flexible relocation of current ATMs and allows for ATMs to be placed just about anywhere.

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TrustCash Onto Software Development for mMarketing

TrustCash Holdings has
recently received the Software Development Plan from Ajay
Hans completing phase two of the Company’s development of a
comprehensive mpayment product. The plan includes
detailed description, technical diagrams and budget for the development
of a single platform for WAP rendering, mobile billing, taxation and
payments. The TrustCash technology infrastructure provides merchants with open
access, PCI compliant payment processing. TrustCash™ is an E-Commerce
expert providing online businesses with payment solutions needed to be
successful.

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AmEx Posts 1Q/10 US Card Income Up $435MM Y/Y

American Express U.S. Card Services reported first-quarter net income of
$428 million compared with a loss of $7 million a year ago. Total
revenues net of interest expense increased 14% to $3.5 billion, from
$3.1 billion thanks to consolidation of securitized cardmember loans and
related debt onto the balance sheet in the first quarter. Provisions for
losses totaled $687 million, down 50 percent from $1.4 billion in the
year-ago period. Total expenses increased 25%, while marketing,
promotion, rewards and cardmember services expenses increased 46% from
the year-ago period, driven by higher rewards costs and increased
investment spending on marketing initiatives. Meanwhile International
Card Services reported first-quarter net income of $151 million, up from
$52 million a year ago. Provisions for losses totaled $158 million, down
53 percent from $335 million a year ago, reflecting improved credit
performance.

American Express U.S. Card Metrics
Net Income
1Q/09: ($ 25 million)
2Q/09: ($200 million)
3Q/09: +$109 million
4Q/09: +$365 million
1Q/10: +$428 million
Source: CardData (www.carddata.com) )

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GLOBALPLATFORM

Smart card specification body GlobalPlatform has released a technical paper that
analyzes the implications of managing multiple secure chips in a single
mobile handset to deliver near-field-communication (NFC) services.
technological possibilities and challenges of using multiple secure
elements such as tamper resistant devices with embedded microprocessor chips in a mobile device. The
document, “GlobalPlatform’s Requirements for NFC Mobile:
Management of Multiple Secure Elements” is the result of this investigation,
which identified two different business models, and details the
functional requirements needed to support the acknowledged technical
architectures to include Architecture without aggregation. Only one secure element is
active and able to perform a contactless transaction. The end-user is responsible for using the handset interface to select the correct secure element
and Architecture with aggregation. Any application on any secure element can perform a contactless transaction at any time.
The device communicates directly with the secure element to active the
required application.

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Laru Rolls Out ACH Vision To Fight Browser Fraud

CA-based ACH risk management solution provider Laru Corporation has introduced “ACH
Vision” that offers real time ACH monitoring for ODFIs to solve
man-in-the-browser attacks. ACH Vision will enable ODFIs and non-bank third party senders (TPS) to
stop fraudulent and erroneous ACH transactions from entering the ACH
network. ODFIs and TPS will be able to define custom rules using ACH
Vision’s versatile rule kit or accept out-of-the-box defaults to
quarantine potentially problematic transactions, such as fraudulent
transactions, restricted SEC codes and irregularly scheduled payments or
amounts. ACH Vision will automatically alert the ODFI to possible man-in-the-browser and
corporate account take over schemes by comparing all new ACH payments to
previously processed transactions.

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Availity Makes Available Electronic Remittance

Availity health information network has selected HERAE electronic payment service to make available the Availity “Remit Manager.” The “Remit Manager” technology automates Electronic Remittance Advice (ERA) and Electronic Funds Transfer (EFT) management. In doing so, it provides users online access to human readable remittance information, as well as search, view, print and download capabilities. Availity provider customers can expect to experience measurable savings beginning with their first paperless payment transaction, because manual billing and payment-matching practices have historically been very time-consuming administrative tasks.

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Online Resources Names Interim CEO

John Dorman has been named interim chief executive officer for Online Resources Corporation online financial services. Currently serving as the co-chairman of the company’s Board of Directors, Dorman will also continue to lead the Board’s Governance Committee and the Board’s search for a permanent CEO. With this, the company’s community bank and credit union division and large bank and partnership bill pay division have been merged into a new Banking Services group consisting of sales, client services, marketing, product and professional services functions.

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POWERSELLER

Onboard technology provider GuestLogix has received PCI PED version 2.0 certification for its popular “PowerSeller” point-of-sale (POS) handheld.
“PowerSeller” allows flight attendants to quickly process credit and debit card and other forms of payment for refreshments, meals, in-flight entertainment, duty free goods and any “OnTouch”
merchandising offers. Whether the attendant needs to capture an electronic signature, scan product barcodes, process a payment or print a receipt or a voucher at the seat, the “PowerSeller” addresses all of these requirements through an easy to use touch interface.
The new “GuestLogix PowerSeller” comes fully-integrated with printer, MSR, barcode scanner, IC card reader, and soon, contactless payment technology. It supports a full spectrum of wireless communications including GSM, CDMA, Wi-Fi, Infrared, Bluetooth, RFID and NFC to interface with other devices and services onboard and the unit runs Microsoft Windows CE. The solution comes complete with device and battery charge cradles.
The new certification provides GuestLogix with the broadest offering of POS handhelds to the passenger travel industry with the most current payment industry certifications. PCI PED 2.0 will appeal to those operators in markets where the use of the Chip and PIN card processing is becoming increasingly available. The new card processing method protects passenger payment transactions, reduces risk and fraud, and minimizes merchant acquirer costs.

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Precash Launches Bill Payment Routing Service

PreCash payment solutions has introduced its “Billocity” expedited bill routing and delivery service. Offering bill payment processors easier, faster and more profitable payment delivery “Billocity” uses virtual card accounts to help processors add revenue and deliver a better value to consumers and billers. An additional way to route expedited payments through a biller’s Internet and telephone channels using virtual payment card accounts, the bill routing solution accelerates average payment-delivery time, delivering consumers’ payments to avoid late fees and service disruption. “Billocity” offers payment for billers in the insurance, utilities, cable/satellite, wireless and local phone industries. PreCash processes about $1.6 billion dollars in payments annually across all product lines.

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NCR Announces 2% Revenue Increase Y/Y

GA-based NCR Corporation reported financial results for the three months ended March 31, 2010 with revenue of $1.03 billion, up 2% from the year ago period. NCR reported a first-quarter net loss attributable to NCR of $19 million, compared to a net loss attributable to NCR of $15 million in the 1Q/09. Revenues grew 24% in the Asia-Pacific-Japan (APJ) region due to higher sales in both the financial services industry and the retail industry, positively impacted by 12% due to foreign currency translation. Revenues rose 1% in the Americas region as increased revenues from the entertainment business were somewhat offset by lower product sales to customers in the financial services industry and the retail and hospitality industries in the United States, the Caribbean, and Latin America. NCR generated $14 million of cash from operating activities during the first quarter of 2010 compared to $38 million in the year-ago period. Net capital expenditures increased to $51 million in the first quarter of 2010 from $25 million in the year-ago period, primarily due to investments in the entertainment business. NCR ended the quarter with $408 million in cash and cash equivalents, a $43 million decrease from the $451 million balance as of December 31, 2009. As of March 31, 2010, NCR had a debt balance of $11 million. Retail Banking Research showed NCR is the world’s largest supplier of multivendor ATM middleware and applications.

NCR REVENUE HISTORICAL
1Q/09: $1.01 billion
2Q/09: $1.12 billion
3Q/09: $1.42 billion
4Q/09: $1.35 billion
1Q/10: $1.03 billion
Source: CardData (www.carddata.com)

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