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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AIR MILES

The enactment of the voluntary Code of Conduct for the Credit and Debit Card Industry in highlights the need for issuer strategies to change. As forces such as the growth of Internet commerce transform the industry, a new report from Deloitte, “Charting a new course for the credit card industry”
suggests that the concept of a credit card and the form it might take are likely to change significantly over time and assume both a physical and virtual dimension.
According to Deloitte, there are eight emerging changes to the payments landscape which include: the merging of credit cards and bank accounts; mobile phones used as payment devices; loyalty programs will increase significantly between card issuers and retailers; a rise in the use of prepaid cards for recurring payments; credit card holders will see an increase in security features that prevent fraud and consumers will be educated on responsible debt management. Deloitte anticipates that some credit cards will be cancelled, but there will be new ones to choose from – Given the significant challenges and future uncertainties facing the credit card industry, some issuers will exit the credit card business entirely, while others will choose to remain in the credit card business, but retrench by eliminating product lines and redefining operating models. However, there will also be new entrants in this market, particularly well-known retailers and e-wallet providers.

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Visa and MasterCard to Respond to Pending SmartMetric Lawsuit

SmartMetric announced that both MasterCard and
Visa have contacted SmartMetric concerning its patent infringement
lawsuit and have requested time to respond.
According to SmartMetric, MasterCard
alone admits in a press release on its corporate website that it has
issued more than 50 million cards that use a technology that SmartMetric
claims breaches its patent.

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BB&T Reports Q1 Net Income of $194 Million

NC-based BB&T Corporation has reported its net income totaled $194
million compared with $318 million earned during the first quarter of
2009. Net charge-offs totaled 1.84% for the quarter, up 1 basis point compared
to the fourth quarter of 2009. The provision for credit losses totaled
$575 million, exceeding net charge-offs by $100 million. The growth
results from loans acquired through the Colonial acquisition,
loans originated by BB&T’s specialized lending group, which increased
15.2% in the first quarter and revolving credit loans, which increased 12.7%
Commercial loans decreased 2.5% reflecting a $2.1 billion decrease in
residential acquisition, development and construction loans compared to
the first quarter last year and slower overall commercial loan demand
Excluding the Colonial acquisition, average total loans decreased 4.3%
The provision for credit losses increased the allowance for loan and
lease losses as a percentage of loans and leases held for investment to
2.65% at March 31 compared to 2.51% at Dec. 31, 2009
The outlook for net charge-offs remains unchanged for 2010 at 1.80%.

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TrustCash Begins Testing of WAP iPhone Technology

Trustcash Holdings and its client Fluidcast has begun testing a
Wireless Access Protocol (WAP) enabled version of the TrustCash payment technology. WAP
is an open international standard for application-layer network
communications in a wireless-communication environment. Most use of WAP
involves accessing the mobile web from a mobile phone or from a PDA.
A WAP browser provides all of the basic services of a computer-based web
browser but simplified to operate within the restrictions of a mobile
phone, such as its smaller view screen. Users can connect to WAP sites:
websites written in, or dynamically converted to, WML (Wireless Markup
Language) and accessed via the WAP browser. Once testing is successfully
completed the TrustCash checkout process will be compatible with100’s of
WAP enabled phones.

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