Public Savings Bank Doubles Secured Credit Card Workforce

PA-based Public Savings Bank has more than doubled its workforce over the past
year to keep up with growing customer demands for its Secured Credit
Card as well as its business banking products.
The expansion has been entirely funded by the growing revenues from
Public Savings’ consumer and business banking products. The company has
not relied on TARP (Troubled Asset Release Fund) or other government
assistance. Newly created jobs have included Customer Service positions, IT support,
Web Marketing, Banking, and Accounting. Public Savings has focused on
hiring multi-lingual staff to service diverse customer needs.

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APPLAUSE

Moody’s Investors Service has assigned a
definitive rating of Aaa to the Applause 2010-1 Beneficial Interests
backed by credit card receivables valued at JPY 6.0 billion. The rating addresses the expected loss posed to investors by the legal
final maturity date. The structure allows for timely payments of
dividends (in scheduled amounts, on scheduled payment dates), and
ultimate payment of principal by the legal final maturity date.
The Seller entrusted a pool of eligible credit card receivables and cash
to the Asset Trustee, which then issued the Series 2010-1 Beneficial
Interests (Senior Beneficial Interests), a Subordinated Beneficial
Interest, a Seller’s Beneficial Interest and a Reserve Beneficial
Interest. Entrustment of the receivables was perfected against third parties under
the Perfection Law (the Law Prescribing Exceptions, Etc. to the Civil
Code Requirement for Setting Up Against a Third Party to an Assignment of
Claims and Chattels [Law No. 104, 1998]). Unless a specific event occurs,
perfection against the obligors will not be made. While the seller holds the Subordinated Beneficial Interest, Seller’s
Beneficial Interest and Reserve Beneficial Interest, the Series 2010-1
Beneficial Interests was transferred to Investors.

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First Bank to Deploy Fiserv eBanking Solutions

First Bank has selected Fiserv financial services’ “Corillian Online,” “CheckFree RXP” and “Mobile Money” to enable online and mobile banking services. As part of its initiative to increase adoption of its online banking services and improve the user experience for existing customers, First Bank will offer new personal financial management tools and enhanced bill pay options through Corillian Online and CheckFree RXP. Corillian Online with the Signature(TM) bank platform already used by First Bank will provide customers with seamless access to information across all their accounts. Through CheckFree RXP, First Bank customers will be able to receive electronic bills from any of the nearly 400 billing companies in the CheckFree network, and will be able to pay any business or individual. Mobile Money from Fiserv will complement Corillian Online and CheckFree RXP, allowing the bank to easily reach their customers in the mobile channel.

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USA Technologies Selects Telit Wireless Module for ePort

Unattended POS provider USA Technologies has selected Telit Wireless Solutions’
“GC864-QUAD” module to enable cellular communication in the
company’s ePort EDGE Cashless Payment System.
The USA Technologies ePort EDGE device enables unattended POS terminals
such as vending machines, washers and dryers and self-service car wash
stations to accept credit, debit and other forms of cashless payment.
The ePort also gives operators the ability to remotely monitor and
manage machine performance for maximum efficiency while offering
consumers greater convenience. The “Telit GC864-QUAD” is an integrated
TCP/IP protocol stack and serial multiplexer functionality, which offers
dual channels of communication and enables the ePort EDGE to perform
various tasks simultaneously, including transaction processing, data
downloads, system maintenance and firmware-over-the-air (FOTA) updates.
Because the integrated SIM connector is part of the Telit module, it
takes up less circuit board space, enabling a compact and economical
design that is easy to install.

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Datacard Group Launches Retransfer Card Printers

Secure ID card provider Datacard Group has announced the launch of the “Datacard SR200” and “SR300”
retransfer card printers designed for
full-color, over-the-edge printing in single- or dual-sided
applications that can be configured with an
optional laminator. The SR200 printer is ideal for single-sided applications. The SR300
printer offers dual-sided printing and also encodes smart card chips and
magnetic stripes. The optional laminator can apply Datacard® topcoats or
Datacard® DuraGard® laminates to help extend card life and strengthen
card security. Both printers protect cards and ribbons with electronic
locks, and a security erase feature blocks out black text on used
ribbons to obscure cardholder data. Both printers process cards in landscape orientation to minimize
unwanted dye transfer. They also reproduce a wider color gamut than
competitive offerings, which improves image gradation, tonal
reproduction and image contrast.

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Open Solutions Partners with Fifth Third Processing Solutions

Open Solutions integrated data processing for financial institutions has selected Fifth Third Processing Solutions as its EFT Preferred Partner. Open Solutions will promote Fifth Third Processing Solutions’ services to its financial institution clients utilizing the company’s relational core processing platforms. The relationship between Open Solutions and Fifth Third Processing Solutions affords numerous benefits to clients of both organizations. Financial institution clients may realize streamlined billing with a combined single invoice that includes both their core and EFT services. Processing partners of both companies are able to take advantage of preferred pricing. Fifth Third Processing Solutions’ product suite includes ATM terminal driving and monitoring, ATM and debit card transaction authorization and processing, national and regional gateway services, comprehensive ancillary services including fraud detection, card production, “Rewards!” product and other consultative services.

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Burroughs’ SmartCash Now Interfacing With Fiserv’s iCom

MI-based Burroughs Payment Systems “SmartCash”
teller automation devices is now interfacing with Fiserv’s iCom
cash-management software. iCom analyzes branch cash-use trends, using
data compiled by SmartCash currency
automation devices, allowing management to make more accurate
cash-inventory decisions.
As a result of collecting data from an integrated SmartCash device, the
iCom solution requires
minimal manual inputs thus allowing branch managers to focus on growing
their business rather
than managing cash-inventory levels. Clients are able to translate the
wealth of data collected
by SmartCash devices into accurate cash forecasts, using the predictive
capabilities of iCom.

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Visa & USHCC Launch Small Business Alliance

With Hispanic-owned businesses projected to grow 41.8% to 4.3 million merchants over the next six years, Visa and the United States Hispanic Chamber of Commerce (USHCC) have partnered to strengthen and grow the Hispanic-owned businesses USHCC advocates through their member chambers. With this, Visa and USHCC will provide Hispanic-owned merchants with an array of tools to help them improve cash flow, manage payment acceptance costs, streamline operations and grow their businesses. USHCC members will receive customized access to the Visa Business Network (VBN); Visa’s comprehensive online self-help business education content; and the Tailored cash flow management workbooks and complimentary Point of Sale signage.

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GCA

Gaming cash access provider Global Cash Access Holdings has entered into several new agreements with casino operators in Canada and
Asia. GCA has installed its QuikCash Plus (QCP) and QuickCash Kiosk
products at Edgewater Casino, operated by Paragon Casinos in the heart
of Vancouver, British Columbia and has expanded its business in Alberta with
three new agreements to provide QCP, QuickCash Kiosks and debit and credit card cash access services at
Deerfoot Inn and Casino, Century Resorts Alberta Inc., and Cash
Casino-Red Deer. GCA now provides cash access services for 20 out of the
26 casinos located in Alberta, Canada. GCA has also further developed its presence in Asia through services
provided by Central Credit, a wholly owned subsidiary of GCA.
Marina Bay Sands PTE Ltd. in Singapore, Resorts World Sentosa in Singapore, Star Cruises Limited in Hong Kong,
and Emperors Palace Hotel Casino and Convention Center Resort in South
Africa, have all recently signed agreements with Central Credit. To date, 33
international casinos in 15 countries subscribe to Central Credit services.

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StorValue Card Solutions Waives Fee for Recurring Payments

Branded stored value prepaid debit card provider
StorValue Card Solutions will not charge cardholders that sign up for direct deposit of at least
$300 a month from their paychecks, Social Security or other recurring
payments the $1.99 monthly maintenance
fees to the cards. The company’s prepaid debit cards are becoming invaluable to
consumers trying to save money on household expenses each month, and
offer an attractive banking alternative to many. With billpay online or
by phone, and convenient ATM usage, StorValue’s prepaid debit cards can
match or beat most banking features while offering a host of other
benefits such as significant discounts on everyday items at tens of
thousands of retailers around the country and online.

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Gemalto Joins, Brings High Security to OHA

Gemalto digital security is joining the “Open Handset Alliance” (OHA). Representing a partnership of more than 60 global mobile industry leaders that developed the Android complete, open, and free mobile platform, OHA will be working closely with Gemalto to develop initiatives. Gemalto will be an active member of the OHA, joining forces with technology and mobile companies currently engaged with this industry effort to drive the future of the mobile industry. Bringing with it its expertise in security, in secure elements, development and in the associated applications to the project, Gemalto will be contributing to the joint production of technology to further the open mobile OS initiative. This combined effort of industry leaders will provide operators a unique set of tools to customize and bring new services and applications for Android devices making the user experience more secure and enjoyable. Gemalto had 2009 annual revenues of EUR1.65 billion, and over 10,000 employees operating out of 75 offices, with research and service centers in 41 countries.

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