70% of Consumers Feel Stable in Their Current Jobs

Regarding their current employment, 71% of Americans consider job situation “just as stable” as or “more stable” than last year while 16% feel their job is more stable and 24% consider their job “less stable” compared to last year. Thirty-four percent of young professionals said they feel “more stable” in their current jobs compared to last year, more than double the 16% of the general population and the 14% of affluents. These findings, according to the American Express “Spending & Saving Tracker” survey, also show 50% of young professionals feel “just as stable” in their current jobs, compared to the 54% of the general population and 60% of affluents. Also, 60% of consumers who feel their jobs are more stable have increased their overall spending and investments, 35% in dining, 31% in travel, 14% in the stock market and 10% in real estate; and consumers who feel either their current jobs are less stable or just as stable are less inclined to increase their overall spending and investments with, 16 percent and 32 percent respectively doing so. To obtain greater job security, more than 54% of the general population would make one or more concessions, which included;

Working longer (25%)
demotion (20%)
Shifting companies (18%)
Relocating (16%)
Taking on more (14%)

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Fifth Third Offering Voltage Data Protection

Fifth Third Processing will offer data protection provider
Voltage Security encryption and tokenization products to its merchant network.
Fifth Third Processing Solutions will integrate
Voltage “SecureData” Payments, a version of its industry-leading
end-to-end encryption solution specifically tuned for merchants and
payment processors, into its payment processing solution and make it
available throughout its merchant network.
Voltage uses the Identity-Based Key Encapsulation and Encryption
Protocol (IBKEEP) to transmit data across the various end-points without
the need for decrypting and re-encryption.
Voltage end-to-end encryption features an innovative cryptography
approach called Format-Preserving Encryption or FPE. With Voltage FPE,
credit card numbers and other types of structured information are
protected without the need to change format or structure.

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Hickam FCU Selects Open Solutions Payment Technology

Hickam Federal Credit Union of Hawaii has selected Open Solutions Inc. Imaged Payment Technologies Group’s outsourced services to better integrate with its existing core platform, Open Solutions’ DNA(formerly The Complete Credit Union Solution). Open Solutions’ image-enabled item processing system drives a wide range of check-processing transports and streamlines financial institution operations. The solution also optimizes workflow, enhances business flexibility and generates fee income. Key benefits include improved funds availability, faster client service and greater abilities for institutions to retain more accounts and save on monthly mailing costs. By outsourcing, credit unions can decrease operating expenses while taking advantage of the latest technology, easily add new functionality and seamlessly support new branches, focus on core competencies, and eliminate concerns regarding staffing as well as floor space for item processing equipment. Additionally, Hickam FCU will experience complete recovery in the event of a disaster declaration. Open Solutions is a leading provider of integrated enabling technologies for financial service providers in the United States, Canada and other international markets. Hickam FCU is a community credit union with more than $431 million in assets serving the Ewa District and the island of Oahu with four branches.

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POS Technology Spending to Exceed $20 Billion in 2014

Point of sale systems, payment terminals, POS barcode scanners, POS printers, and electronic article surveillance systems managed to continue sales growth to $14.8 billion in 2009, even as many retailers experienced declines in sales. These figures suggest retail technology spending will grow to nearly $21 billion in 2014 as retailers invest in the latest technology, according to ABI’s latest market study, the “Next Generation POS Systems and Retail Technology.” Much of the report is focused on the hardware aspects of the technology market, including customer-facing systems such as POS systems, payment terminals and peripherals. ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies.

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nuBridges Receives Network Products Guide 2010 Product Innovation Award

Network Products Guide information technology research has named nuBridges Exchange Enterprise a winner of the 2010 Product Innovation Awards in the Business-to-Business category. This venerated annual award recognizes and honors vendors large and small from all over the world with innovative and ground-breaking products that are bringing essential and incremental changes, and are setting the bar higher for others in all areas of information technology. nuBridges Exchange Enterprise is managed file transfer (MFT) software that provides a centralized infrastructure for securely transmitting files internally and externally; helping companies monitor and prove compliance, reduce communication costs, accelerate business transactions, and simplify file transfer technology administration and support.

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GEMALTO LTE

MetroPCS has selected Gemalto digital security to provide a Long Term Evolution (LTE) over-the-air platform and Universal Integrated Circuit Cards for its 2010 fourth generation LTE broadband service launch. Gemalto’s technology will enable MetroPCS to provide its subscribers with high speed Internet access from their mobile devices. MetroPCS, the fifth largest facilities-based carrier in the United States, offers unlimited, flat-rate, no signed contract wireless services to its more than 6.6 million subscribers. Gemalto’s OTA remote management platform will help MetroPCS manage wireless devices and subscriber service delivery in its combined LTE and CDMA network.

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CARTES & BUSINESS WIRE

New distribution service Business Wire and CARTES in Asia, the digital security and smart technologies exhibition and congress to be held in Hong Kong
March 16-18, 2010 at the AsiaWorld
Expo, have announced that they have signed a partnership agreement.
Smart technologies industry leaders, key players in innovations and
decision-makers from all over the Asia Pacific region will gather in
Hong Kong for 3 days of conferences and 2 days of exhibition on smart
cards, identification technology, contactless payments, etc.
The market in this industry is growing faster than in any other region
in the world due to the dynamism of the telecommunications, the
deployment of the EMV standard and governments promoting smart card and
high technology adoption.

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VOICECASH EXEC

Pascal Beij has been appointed VP, sales and marketing with VoiceCash Mobile Bank international mobile money transfer services to oversee increasing marketing activities and growing sales revenue. Pascal Beij comes to VoiceCash from ZBG Group private equity company, where he was in charge of Commercial Strategy and Business Development for the Consumer Finance businesses. Bringing with him over 13 years of Sales & Marketing experience in Financial Services and FMCG and worked for companies like Nike and GE Capital, where the 36-year old held various leadership positions in GE Money and GE Commercial Finance.

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PayPal to Double Workforce in Asia Pacific

PayPal plans to double the number of employees in Asia Pacific from 1,000 currently to
more than 2,000 by the end of the year. The company plans to add more
than 100 new jobs at its international headquarters in Singapore.
PayPal processed more than $6 billion of total payment volume in Asia
Pacific in 2009, an increase of 38% from 2008. Since its
establishment in the region in 2006, the company has struck dozens of
strategic partnerships with Asian companies including announcements
today with DBS, Singapore’s largest bank, and China UnionPay, China’s
bankcard association. PayPal’s new international headquarters
in Suntec City, Singapore’s technology hub in the middle of the nation’s
central business district represents all of PayPal’s business outside of the USA.

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GLOBALCOLLECT

Wazzamba online virtual world has partnered with GlobalCollect for processing all its online payments across the world. By using the single interface Merchant Link solution, Wazzamba has full control over the check out pages while gaining access to GlobalCollect’s unrivalled portfolio of payment methods – the current agreement covers international and local credit and debit cards. In addition, GlobalCollect applies Fraud Screening services to all card transactions to detect suspicious patterns and minimize fraudulent transactions. The Wazzamba virtual world combines exploration with skill-based casual games to provide a rich and rewarding experience while offering players the chance to win real world travel prizes.

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