NIRVANA

Eurobank has deployed Nirvana to process consumer loans and credit card applications.
Nirvana is a single, low-latency product that fulfills an organisation’s
external real-time middleware needs, and which was developed from the
outset to bridge the divide between internal data and external clients.
The solution provides advanced transactional and flow
control semantics between the online application website, the back
office and the Altamira core banking system. Additionally, applications
in need of credit reference checks are transmitted in real time to
Tiresias, the Greek inter-bank credit reference authority and results
are asynchronously added to the back office.

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Dejavoo Teams With Merchant Warehouse On Product Development

Merchant Warehouse has announced that the Dejavoo line of terminals will
be the preferred platform for new product development by Merchant
Warehouse. Dejavoo Systems is a comprehensive,end-to-end electronic
payment provider that integrated the Merchant
Warehouse “BINsmart” software to its terminal application and enabled
periodic updates via its Value Added Server eliminating redundancy with
communications and setting up a dual communication infrastructure
between Terminals and Merchant Warehouse’s back end operation.
Dejavoo Systems is a US and Latin American-based value added reseller
and a developer of next generation point-of-sale (POS) devices targeting
desk top and handheld wireless POS terminals and secure applications,
related programs, systems and services. Dejavoo considers transaction
switching, processing and value added services as its core and necessary
components in its goal to provide ISO’s and merchants with an improved
cost effective, and revenues generating solution.

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PAX VP

Payment terminal provider PAX Technology has appointed Carmen Paraschiv
as Vice President of Strategic Development. Paraschiv will be responsible
for working with our internal teams in making sure PAX products meet
industry compliance guidelines and will work very
closely with partners with certifications and rollouts. Paraschiv joined PAX Technology, Inc. after 15 years in the
payment industry. She spent 2 years as EVP of Project Management at
Exadigm, Inc. where she successfully managed their first 3 Class A
certifications. Prior to Exadigm, she was with Lipman for 11 years which
was acquired by Verifone in 2006. Paraschiv held a range of key positions
at Lipman USA including Customer Service and Quality Assurance Manager.
She also was part of the Lipman/Verifone transition team in the US and
became Verifone’s PMO Manager in January, 2007. After leaving
Lipman/Verifone, Paraschiv established Stand by Me, Inc. as an industry
consultant. She holds a Bachelor’s Degree in Economics and Computer Science from
the University of Planning and Cybernetics, Academy of Economic Studies
in Bucharest, Romania.

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Aptys Solutions Launches PayHUB

TX-based payment provider Aptys Solutions has launched the PayHUB
payment processing platform created to support support all aspects of
payment processing, including image exchange, ACH processing, wire
processing, Federal Reserve
messages, in-network exchange (INEX) payment processing and mobile
payments. PayHUB is a multi-client, multi-tenant solution geared for rapid
deployment that creates, aggregates, processes and delivers all
financial institution payments. PayHUB operates in a highly secure
environment, helping mitigate fraud.
By streamlining the payment system, Aptys Solutions enables financial
institutions to make informed decisions through the payment analytics
module.

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MasterCard Launches Program With New Merchant Benefits

Continental Airlines, Budget Truck Rental, Harry & David and VerticalResponse are all slated to join the MasterCard “Easy Savings” Program. The “Easy Savings” program offers automatic discounts and savings to small businesses with credit, signature debit and business prepaid cards. Cardholders enrolled in the program receive exclusive automatic rebates at over 30,000 merchant locations from 24 merchant partners. Rebates are now available on on airfare, truck rental, business gifts and email marketing. These are available through Continental Airlines with a 2% rebate on tickets; Budget Truck Rental with a 5% rebate on truck charges; Harry & David with a 7% savings on all purchases made at Harry & David; Monster.com with a 10% rebate on recruitment services from Monster.

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AmEx Offers Exclusives to Cardmembers at Tribeca

American Express is bringing Cardmembers exclusive access to
advance tickets and premiere screenings at the 2010 Tribeca Film
Festival beginning April 21. American Express has also launched the
“Tribeca Film” national film distribution and marketing platform,
allowing Video On Demand service in homes across the
country with a showcase of 16 independent films. American Express
is also supporting Tribeca Film Festival Virtual,
a new online venture. Independent film enthusiasts everywhere can
purchase a virtual film premium pass and enjoy a selection of
full-length feature films premiering simultaneously at the Festival in
addition to exclusive original content and short films, an enhanced HD
video player and real-time discussions with filmmakers in NYC. Pass
holders of the Virtual Film Festival are invited to vote for their
favorite feature and short film. American Express will award the
director of the winning feature film $25,000, and the director of the
winning short film will receive $5,000.

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PAX Technology Taps New VP of Strategic Development

Payment terminal provider PAX Technology has appointed Carmen Paraschiv
as Vice President of Strategic Development. Paraschiv will be responsible

for working with our internal teams in making sure PAX products meet
industry compliance guidelines and will work very
closely with partners with certifications and rollouts. Paraschiv joined PAX Technology, Inc. after 15 years in the
payment industry. She spent 2 years as EVP of Project Management at
Exadigm, Inc. where she successfully managed their first 3 Class A
certifications. Prior to Exadigm, she was with Lipman for 11 years which
was acquired by Verifone in 2006. Paraschiv held a range of key positions
at Lipman USA including Customer Service and Quality Assurance Manager.
She also was part of the Lipman/Verifone transition team in the US and
became Verifone’s PMO Manager in January, 2007. After leaving
Lipman/Verifone, Paraschiv established Stand by Me, Inc. as an industry
consultant. She holds a Bachelor’s Degree in Economics and Computer Science from
the University of Planning and Cybernetics, Academy of Economic Studies
in Bucharest, Romania.

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MasterCard Partners With Next Jump to Enhance Online Shopping

MasterCard Worldwide has announced a three-year exclusive alliance
in the payments space with NY-based Next Jump, a next-generation
e-commerce company and has launched the MasterCard MarketPlace discount
program. The platform offers consumers the ability to simply
personalize their online shopping experience by setting preferences and
email notifications from specific merchants that they like and access to
exclusive in-store events at preferred merchants.
MasterCard eligible consumer can access the program
directly at http://www.mastercardmarketplace.com where they can preview
offers, join at no cost, and set preferences for the types of merchant
offers they want to receive. Cardholders can also choose to receive
email notifications for offers from specific merchants as well as
exclusive in-store shopping events at preferred merchants.
Next Jump acquires its users
through a B2B model, with over 90,000 corporations, affinity groups, and
institutions.

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LCN & SAGE PAY

Domain registration and web host LCN.com has partnered with Sage Pay, the UK’s leading independent payment provider. The integration between Sage Pay and LCN.com also alleviates another worry for online traders: Payment Card Industry Data Security Standards (PCI DSS), a set of rules designed by the card schemes to ensure the secure use of card data. Becoming PCI DSS compliant is a common hurdle for all businesses wishing to accept card payments from their customers. To celebrate this partnership, Sage Pay and LCN.com are offering an exclusive deal of 1 month’s free processing to any customer who has an active web hosting or eShop hosting (http://www.lcn.com/eshops) package within their LCN.com account. SMEs and entrepreneurs can use the Sage Pay payment gateway solution to connect to all the major UK Merchant account providers, thus enabling businesses to securely accept card payments from their customers.

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Hypercom and First Data Team to Combat Card Fraud

First Data payment processing has approved Hypercom as an encrypting service organization for remote key injection and that Hypercom’s “HyperSafe” Remote Key System will be available through First Data’s TASQ Technology. Hypercom is also teaming with First Data to implement the First Data “TransArmor” solution to combat card data fraud. Hypercom’s Remote Key System (HRKS) standards-based remote key injection product allows retailers to quickly and securely initiate on-site, in-store payment terminal key injection at the POS. Available through First Data’s TASQ Technology, the system offers a highly secure alternative to the industry’s traditional secure room key injection process. HRKS eliminates the need for off-site secure room key injection and meets ANSI x9.24 and Visa PIN Security Guidelines for remote key management, and is FIPS 140-2 Level 3 and X509 compliant. Meanwhile, the “TransArmor” solution addresses the root cause of merchant data security issues by removing payment card data from the merchant environment as part of processing the transaction.

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Heartland Payment Systems Awards FRLA As Partner of the Year

Payment processor Heartland Payment Systems has
honored the Florida Restaurant& Lodging Association (FRLA) with its
first-ever “Partner of the Year” award. Heartland has recruited over 750 members for the FRLA during the
nine-year partnership. Likewise, the association has shared referrals
and facilitated many events and networking opportunities to help
Heartland deliver its full suite of business solutions — including card
processing, gift marketing, payroll services and check management — to
restaurants and lodging establishments across Florida.

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MasterCard Names President & CEO

Ajay Banga has been named by the Board of Directors to serve as MasterCard’s president and CEO, effective July 1 and a member of MasterCard’s Board, effective immediately. Previously Mastercard COO, Banga spent 13 years at Citigroup from 1996, and held a variety of senior management roles in the United States and Europe, Middle East, Africa regions. He was CEO of Citi Asia Pacific, responsible for all of the company’s business lines in the region, including institutional banking, alternative investments, wealth management, consumer banking and credit cards. He began hiscareer with Nestle in 1981, where he worked for the next 13 years in sales, marketing, and general management. He later joined Pepsico and was instrumental in the launch of its international fast food franchises in India as the economy liberalized. Banga holds a B.A. in Economics Honors from Delhi University and is an alumnus of the Indian Institute of Management, Ahmedabad.

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