Capital One Launches New Travel Rewards Card

Capital One Financial Corporation has launched the “Venture” premium travel rewards
credit card. Offering double miles on every purchase without typical
restrictions, “Venture” allows cardholders maximum flexibility when redeeming rewards.
Customers simply make their travel purchase using their Capital One “Venture” card, then call Capital One or
go online to reimburse the charge with miles. The cost of the
transaction is refunded on the next statement. A simple formula makes it
easy to determine how many miles are needed to redeem rewards:
cardholders multiply the cost of the purchase by 100. As with all other Capital One cards, there
are no foreign transaction fees. Additionally, the “Venture” premium travel rewards
credit card allows cardholders to earn 2 miles per dollar on all net purchases; rewards
that don’t expire; no limit on how many miles you can accumulate; no
special spending categories; and no separate rewards enrollment requirements.
It also offers 10,000 bonus miles when $1,000 is spent in the first three months;
compatibility with any airline with no blackout dates; and travel purchase
redemption.

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Datacard Intros Card Personalization System

ID and personalization solution provider Datacard Group has introduced
advanced financial and telecom configurations for the “Datacard MPR5800”
inline card production and personalization system. With a new telecom configuration, GSM card issuers and service bureaus
are capable of running at speeds of up to 10,000 cards per hour which
allows a single system to personalize up to 5 million SIM cards per
month. For financial applications, the new “MPR5800” system configuration meets
traditional card requirements and provides the latest laser technology
for flat financial card printing running at speeds up to 6,000 cards per
hour. Laser technology offers not only fraud prevention but also low
cost per card. Card issuers do not need additional consumables for
personalization thus they save a lot of production cost. Personal
information is engraved into the surface of cards that is tamper-proof
once it has been issued.

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Compass Plus EFT Technology Opens North American Office

Compass Plus EFT and bank payments technology has opened its first North American office in St. Louis. Serving 100 banks across 25 countries through its suite of TranzWare electronic payment products, which was released in 1994, Compass drives financial transactions through a variety of platforms. These platforms include the Internet, mobile, POS and ATMs. With 300 employees located throughout the world, including the United States, Great Britain, Singapore, Brazil, Russia and Vietnam, Compass Plus has developed a global presence in EFT and online transaction processing (OLTP), streamlining front-and back-office process management.

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Visa Introduces Online Shopping Tool

Visa is set to introduce its new online shopping
tool, “Rightcliq by Visa.” Rightcliq will combine “Wishspace”– a central location for storing items
that a consumer is interested in purchasing – with a “social shopping”
experience that will allow consumers to solicit opinions of friends and
streamlined checkout. Consumers will be able to add products to their “Wishspace” as they search
the Web and comparison shop, providing them with a single place to
store, organize and access their shopping research. Special discount offers from a variety of merchants will be available
through “Rightcliq” and consumers will be
able to easily share offers with their friends through a simple email
function or by posting offers on their personal Facebook pages.
Users will be able to initiate purchases from “Rightcliq” or launch
“Rightcliq” as they are browsing any merchant website when they’re ready
to buy. Consumers will also be
able to store and organize online merchant discount codes/offers in
“Rightcliq” for easy redemption at checkout. In addition to storing Visa
credit, debit and prepaid accounts, consumers will be able to store
other payment options and track their purchases from one
convenient location.

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For Credit Unions, Better IT Equals Better Performance

High performing credit unions have three things in common: tolerance of IT risk, strong commitment to IT from senior management, and excellent coordination between IT and the business. Over the past two years, credit unions that demonstrate these attributes have grown their membership base three times higher than that of other credit unions. This, according to a new report from Aite Group, compiled from a survey of 54 credit unions, sheds light on the differences between high-performing credit unions and their less successful peers in terms of membership growth, loan and net growth, and market share. In addition, their growth in market share has remained 20% higher over the same time frame, and their loan growth is nearly twice as high as that of other credit unions.

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EPL Reports Credit Union Contract Wins

EquiShare Credit Union in Kansas and Lakehurst Naval Federal Credit Union in New Jersey signed up for EPL’s technology solution suite that includes the
i-Power core processing system, online banking, e-statements, collections, and EPL’s newly introduced document storage solution. Lakehurst Naval Federal
Credit Union also elected i-KNOW® EPL’s embedded MRM solution powered by Sedona, EPL’s BSA Reporting and Anti-Money Laundering solution powered by Verafin
and EPL’s website design and hosting and CU- Dashboard. Electrical Federal Credit Union located in Arvada, Colorado renewed their EPL online services
agreement for i-POWER and EPL’s technology suite.

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FIS to Process Bank Freedom Prepaid Card Transactions

Bank Freedom prepaid card financial services has signed agreements with FIS payments technology for transaction processing of Bank Freedom’s prepaid card business. With this, FIS will provide transaction processing and card issuer services for the Bank Freedom branded prepaid card programs and Bank Freedom’s co-branded prepaid card programs. Bank Freedom will also leverage the FIS platform to support its Prepaid Business Expense Card Program and its consumer General Spend Reloadable (GPR) Prepaid Cards, Payroll Cards, and Co-Branded Prepaid Card programs. FL-based FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in over 100 countries worldwide.

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MasterCard Launches ATM-Finding BlackBerry App

MasterCard Worldwide has made available its
“ATM Hunter” application for BlackBerry smartphones. The “ATM Hunter”
utilizes the BlackBerry platform’s location
awareness technologies to pinpoint the search and easily locate the
nearest ATM, be it in a bank, restaurant, airport, retail or
convenience store. Users without GPS-enabled BlackBerry
smartphones, or out of GPS coverage, can still search for nearby
ATMs using MasterCard’s database of ATM locations. Users can customize
their hunt based on their banking needs, focusing on a financial
institution if they need to make a deposit or wish to avoid ATM
withdrawal fees. MasterCard ATM Hunter can also identify wheelchair
accessible, drive-through, or 24-hour access ATMs and provide directions.

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Hypercom CFO To Speak at Roth Capital Stock Conference

Hypercom CFO Thomas B. Sabol will
present at the Roth Capital Partners 22nd Annual Growth Stock Conference
at approximately 3:00pm PDT on Monday, March 15, 2010 at the Ritz
Carlton Hotel in Dana Point, California. Joining Mr. Sabol will be Scott
Tsujita, Senior Vice President, Finance, Treasury and Investor Relations.
The webcast will also be archived and
available for seven days following the live broadcast at
http://ir.hypercom.com.

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VERSAPAY

VersaPay Corporation merchant credit, debit, gift and loyalty card payment processing solutions, has signed a five-year, exclusive agreement with a major Canadian vacation package provider. With it, VersaPay will be the exclusive provider of credit and debit card payment processing solutions to all of this customer’s agency outlets. This will include integration with VersaPay’s PCI-compliant payment gateway for all transactions. VersaPay will generate revenue based on a percentage value of each transaction processed through its payment systems. VersaPay’s proprietary technology enables businesses and consumers to accept and process credit, debit and gift card transactions.

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VISA & PARALYMPICS

Visa Inc. once again will be the Presenting Partner for the Paralympic Hall of Fame (PHF) induction ceremony to be held in Whistler, B.C. on 14 March, in conjunction with the Vancouver 2010 Paralympic Winter Games. The induction ceremonies will feature the third group of Paralympic athletes to be inducted into the Paralympic Hall of Fame by the International Paralympic Committee (IPC). Visa has been a Worldwide Paralympic Partner and sponsor of the Paralympic Games since 2002 and recently extended its Paralympic Games sponsorship through 2012. Visa also is a worldwide sponsor of the Olympic Games and the exclusive payment card and official payment service for the Olympic Games and through 2020.

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GCASH

AsiaPay electronic payment gateway provider has launched “PesoPay” online payment service with Globe GCASH. PesoPay via GCASH facility enables real-time internet payment to reach millions of GCASH mobile commerce customers in the Philippines and around the world. Founded in 2000, AsiaPay provides a comprehensive suite of payment processing capabilities for banks, corporations, SMEs and charities. GCASH was launched in 2004 by Globe Telecom as a mobile wallet facility available to Globe and TM subscribers that allows cashless and cardless method of facilitating money remittance, donations, loan settlement, disbursement of salaries or commissions, and payment of bills, products and services, with just a text message.

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