HID Global Grows Its multiCLASS Family

Secure identity provider HID Global has added
to the versatile “multiCLASS” reader line that enhance
flexibility while accelerating the cost-effective, secure and truly
seamless migration from magnetic stripe (magstripe) and proximity card
technology to secure “iCLASS” contactless smart cards.
HID Global’s new offerings extend the company’s market-leading,
multi-technology “multiCLASS” product line, to include solutions that
provide a migration path from legacy magstripe and 125 kHz technologies
to higher security 13.56 MHz smart cards, with no operational
disruption. The new additions to the “multiCLASS” family include two
keypad models; the RMK40 which offers Magstripe to “iCLASS” migration, and
the RMPK40 for migration from Magstripe and Prox to “iCLASS”.
HID Global’s new “multiCLASS” products are now available from HID Global’s
network of distributors, OEMs, and system integrators worldwide. HID
Global will enhance its “multiCLASS” magstripe reader line with non-keypad
wall switch variants and FIPS 201 compliancy in July while offering
promotional pricing on keypad products during the months of April, May
and June.

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FIS Launches Instant Issue in Asia

Banking technology provider FIS has launched its Instant Issuance card product for banks in Asia
for the production of fully personalized EMV cards in branch locations.
FIS’Instant Issuance eliminates many of the high costs associated with batch
card production cycles with no postage costs, no risk of card intercept
fraud, or expensive PIN mailers. Banks benefit from increased card
sales, immediate replacement for lost, stolen or damaged cards and
improved customer loyalty, while featuring VISA® and MasterCard®
compliance and security requirements. FIS’ Instant Issuance product is a cost effective solution that operates
as a stand-alone solution or as part of its Cortex card management
system. Cortex is one of the most advanced and comprehensive card
payment solutions available in the market today and supports all the
international schemes and card types, including contactless cards.

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Wells Fargo Reports 2.71% Average Charge-Off Rate

Wells Fargo reported its first quarter net charge-offs were $5.33 billion,
or 2.71% of average loans (annualized), compared with fourth quarter net
charge-offs of $5.41 billion, also of 2.71%. Loans 90 days or more past due
and still accruing totaled $21.8 billion at March 31, 2010, and $22.2 billion
at December 31, 2009. Wells Fargo card loans totaled $22,525,000,000, compared
with $24,003,000,000 for the previous quarter and $22,815,000,000 the year-ago
period. Of this, net loan charge-offs totaled $643 million (11.7%).

WELLS FARGO CARD LOANS
1Q/09: $22,815,000,000
2Q/09: $23,069,000,000
3Q/09: $23,597,000,000
4Q/09: $24,003,000,000
1Q/10: $22,525,000,000
Source: CardData (www.carddata.com)

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FIS INSTANT ISSUANCE

Payment technology provider FIS has launched its “Instant Issuance” card product for banks in Asia for the production of fully personalized EMV cards in branch locations.
FIS’ “Instant Issuance” product is a cost effective solution that operates as a stand-alone solution or as part of its Cortex card management system. Cortex is one of the most advanced and comprehensive card payment solutions available in the market today and supports all the international schemes and card types, including contactless cards. “Instant Issuance” eliminates many of the high costs associated with batch card production cycles with no postage costs, no risk of card intercept fraud, or expensive PIN mailers. Banks benefit from increased card sales, immediate replacement for lost, stolen or damaged cards and improved customer loyalty, while featuring VISA(R) and MasterCard(R) compliance and security requirements.

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VSECU Selects uMonitor Processing Suite

Financial solution provider uMonitor has been adopted by Vermont State
Employees Credit Union (VSECU. The $472 million credit union will leverage uMonitor’s uOpen& uFund®,
an account opening and funding solution with an
integrated switch kit, is implemented to automate the setup of new
accounts while also improving application completion rates, regulatory
compliance, back office efficiencies and customer satisfaction.
uTransfer®, a money transfer platform, will enable members to easily
move money in a highly secure online environment; this added convenience
creates new ways to engage members and generate ongoing transaction
revenue. These solutions integrate seamlessly with Open Solutions’
comprehensive Internet banking and cash management solution, e-Commerce
Banker(TM) (e-CB) and core data processing platform, DNA™. The
full-range of Web banking solutions will help VSECU to better compete
with financial institutions of all sizes while improving service and
convenience for its existing members.

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TSYS Announces 1Q/10 Financial Results

TSYS reported results for the first quarter of 2010, with total revenues of $415.4 million for an increase of 1.6% over 2009. Income from continuing operations increased 3.1% to $51.8 million and net income was up 10.3% compared to 2009. Basic earnings per share (EPS) from continuing operations were $0.26 thanks to the TSYS acquisition of 51% of Omaha, Nebraska-based First National Merchant Solutions on April 1, 2010. TSYS also announced today a new stock repurchase plan to purchase up to 10 million shares of TSYS stock. This equates to approximately $162 million of TSYS stock based on current market prices. Total revenues Reimbursable items Revenues before reimbursable items Income from continuing operations EPS from continuing operations available

TSYS REVENUE
3Q/08: $500 million
4Q/08: $439 million
1Q/09: $409 million
2Q/09: $412 million
3Q/09: $432 million
4Q/09: $435 million
1Q/10: $415 million
Source: CardData (www.carddata.com)

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Visa to Acquire CyberSource, Accelerate eCommerce Growth

Visa is set to purchase CyberSource electronic payment, risk management and payment security solutions to online merchants at a price of $26.00 per share,
or total consideration of approximately $2.0 billion to be paid with cash on hand. CyberSource processes approximately 25% of all eCommerce dollars
transacted in the United States for more than 295,000 merchants through its CyberSource and Authorize.Net branded solutions. The acquisition will result in
accelerating the growth of the eCommerce category; rapidly driving international expansion of CyberSource’s products and services; building on CyberSource’s
relationships with merchants to expand adoption and enhance the functionality of other Visa eCommerce solutions; fraud management services adopting
CyberSource solutions and increasing adoption of CyberSource’s secure payment data hosting. Visa and CyberSource will help merchants increase revenue
through global growth while minimizing monetary loss from fraud.

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EGK

Card processor TeleCash GmbH & Co. KG, and GroBbecker & Nordt
BUrotechnik Handels GmbH, an IT services provider to surgeries and
dental practices, have delivered and
installed more than 500 electronic health insurance card (eGK)
readers at dental practices in the North Rhine region during the last
quarter of 2009. The rollout of the Electronic Health Card (eGK) in Germany is one of the
biggest technology projects ever undertaken in the German healthcare
sector and will affect thousands of doctors, dentists, pharmacists and
healthcare clinics, which will have to invest in new card acceptance
devices. TeleCash has equipped doctors, pharmacists and hospitals with
card payment terminals since 1990 and, supported by a nationwide
infrastructure, offers a range of solutions specifically designed to
meet the needs of customers impacted by the launch of the eGK.
TeleCash chose Hypercom terminals to equip the practices. GroBbecker &
Nordt, which supports around 1,000 dental surgeons running CompuDent
surgery software in Cologne, Bonn and DUsseldorf, installed the readers
and integrated them into practices’ legacy administration systems.

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HID Global Launches Magstripe Migration

HID Global identity security has made available its “multiCLASS” reader line to enhance flexibility while accelerating cost-effective, seamless migration
from magnetic stripe (magstripe) and proximity card technology to secure “iCLASS” contactless smart cards. This extends the company’s market-leading,
multi-technology “multiCLASS” product line, to include solutions that provide a migration path from legacy magstripe and 125 kHz technologies to higher
security 13.56 MHz smart cards. The “RMK40/RMPK40” readers with keypad are designed to simplify installation for customers upgrading from legacy reader
technology to high performance contactless smart cards capabilities while supporting dual-factor identity authentication with use of a PIN). The removable
vertical magnetic stripe reader and contactless 125 kHz support make user interaction with the reader familiar, reducing user confusion during migration.

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Fantasy Spring Resort Installs Merchant Link’s TransactionVault

MD-based payment solution provider Merchant Link’s TransactionVault hosted
credit card data tokenization was selected by Fantasy Springs Resort Casino.
The system replaces guest credit card
numbers with unique “tokens,” which can be used for all transactions,
folios, customer analytics, and marketing. Unlike other tokenization
products, TransactionVault for Lodging assigns unique tokens for each
credit card, as opposed to each transaction. Guests’ actual credit card
information is removed and safeguarded at one of Merchant Link’s secure
data centers.

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NCR Names New General Counsel and Corporate Secretary

NCR Corporation has named Jennifer Daniels as its general counsel and corporate secretary. Most recently having served as VP, general counsel and secretary
of Barnes& Noble, Jennifer will be responsible for all legal matters at the company. Daniels served for over sixteen years with IBM, holding positions
including VP, general counsel for IBM Americas, vice president, assistant general counsel for litigation and most recently, vice president, assistant
general counsel and chief trust and compliance officer (the first in IBM’s history). She holds a JD from Harvard Law School and served as an attorney in
two private law firms in the state of New York.

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Cornell-Mayo Makes POS Software Available on iPad

Cornell-Mayo Associates have released its full suite of back office retail solutions on the iPad as part of its overall mobile strategy. With this, all CM’s
software is available on the iPod touch and iPhone, including its “Omniexpress” POS solution on the iPod touch, complete with scanner and magnetic stripe
reader. iPad orders could exceed six million units if Apple can keep up with demand and ow with CMA’s entire suite of software available, retailers can
enjoy tangible benefits far beyond the mere “cool factor” of the iPad. The software provides real-time in-store reporting and management over store
operations while the “Clientsmart” clienteling solution provides customer database accessible in all business channels and extensive information about
customers with flexible queries available at the POS.

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