TW Inks Hallmark Insights for SMS

Transaction Wireless
has signed a mobile notification agreement with Hallmark Insights, a
business-to-business (B2B) subsidiary of Hallmark Cards. Under the
agreement, TW will be providing mobile messaging services for Hallmark
Insights. Currently, Hallmark Insights utilizes email for various account
notifications such as awards earned, redeemed and shipped. TW’s
technology will extend these notifications to clients’ mobile devices,
creating a more targeted real time offering for Hallmark Insights’
corporate clients with an immediate call to action. Hallmark Insights
provides meaningful, memorable and
measurable incentive solutions for health and wellness, employee
recognition, sales incentive and consumer marketing programs.

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Team One Credit Union Deploys DCS Instant Issue

MI-based Team One Credit Union has implemented Dynamic Card Solutions (DCS) “CardWizard” instant issue software and hardware. With this, the credit union can now instantly issue unembossed Visa debit and credit cards at the branch level. Offering instant issuance and PIN selection solutions for banks, credit unions and retailers that issue magnetic stripe, EMV and contactless cards, the DCS software and “FCP 20/20” unembossed card printer provides a gallery of stock images that cardholders can select for their card background. After members select an image on the credit union’s “Picture My Card” program, DCS’ CardWizard software transfers all personalization data fully encrypted to the FCP 20/20 printer which quickly and securely prints in high-definition color onto both sides of white blank card stock the personalized unembossed card for immediate use.

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WU & CHINA BANKS

Western Union has signed agreements to offer Western Union Money Transfer services with Bank of Jilin,Bank of Harbin, Fujian Haixia Bank and Zhejiang Chouzhou Commercial Bank.
Bank of Jilin, with its headquarters located in Changchun city, is a leading commercial bank in Jilin province, China. It is the former Changchun City Commercial Bank, established in 1997, and changed its name in 2007 to Bank of Jilin. Its services cover the entire province with the ability of cross-province operation. With 356 locations across Jilin province and 1 location in Dalian, Liaoning province, it offers a wide range of services to local customers. Harbin Bank is located in Harbin at Heilongjiang province and is an innovative national commercial bank in China and has eight branches, including Tianjin Branch, Dalian Branch, Chengdu Branch, Shuangyashan Branch, Jixi Branch, Hegang Branch, Suihua Branch, Shenyang Branch, 3 rural banks, 13 first-tier branches, 4 second-tier branches, 5 institutions and 140 locations. Fujian Haixia Bank, formerly Fuzhou Commercial Bank, is a joint stock bank with branch presence in Zhangzhou, Longyan, Ningde, 35 locations and 1 institution. The Bank is planning to set up their branch presence in Quanzhou, Wenzhou. Fujian Province is one of the provinces with diaspora and migrants going to U.S. and Japan. The personal remittances between domestic and overseas countries are very frequent in Fujian. Zhejiang Chou Zhou City Commercial Bank is a regional commercial bank based in Yiwu, Zhejiang province, China with 25 locations, including Hangzhou, Nanjing, Fuzhou, Wenzhou, Jinhua and Lishui.

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GCA Provides Wynn Las Vega Cash Access

Global Cash Access Holdings has signed a five
year renewal contract with Wynn Las Vegas.
GCA’s renewal with Wynn Las Vegas includes GCA’s full suite of cash
access services, including ATM, credit card cash advance and
POS debit transactions, GCA’s back-of-house QuikCash Plus
(QCP) system, and the services of Central Credit. GCA’s cash access
transactions will continue to be
enabled through ticket-redemption kiosks. Wynn Las Vegas will also
continue to use GCA’s QuikMarketing service, which provides casino
managers with simple, cost-effective and highly-targeted marketing
materials and mailing lists from GCA’s database of over 14 million
multi-casino gaming patrons, so that the right prospects always receive
the right promotional materials.

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Western Union Wins Two PayBefore Awards

The Western Union’s Gift and Greeting Card service was selected as a winner in the
“Best Network Branded Gift Program” and The Western Union MoneyWise Visa
Prepaid Card was awarded “Outstanding New Entrant” in the Best General
Purpose Reloadable Card Program category at the PayBefore Awards.
Western Union’s prepaid services provide consumers convenience and
ease-of-use in managing their day-to-day personal finances.
“The Western Union MoneyWise Visa” combines both rewards and a Visa reloadable Prepaid Card
Consumers save time and can earn valuable rewards sending qualifying
Western Union Money Transfer and Quick Collect transactions
Western Union Gold Card members do not need to fill out money-transfer
forms when sending qualifying money transfers.
Gold Card member information is easily retrieved expediting transactions
Members earn rewards with qualifying transfers
The Western Union Gold Card also serves as a calling card, allowing the
user to recharge phone time.

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FIRST DATA & TIO

E-commerce provider First Data will integrate bill payment processing services
from payment processor TIO Networks
with First Data’s Money Network electronic payroll distribution service.
First Data’s Money Network electronic payroll distribution service
enables employers to reduce payroll costs while providing a secure,
flexible spending card solution to their underbanked employees, which
cardholders can use to make purchases at millions of debit acceptance
locations. Money Network cardholders
will be able to pay bills online, by phone, and in some cases at
self-service kiosks, thereby reducing the time and cost of paying bills.

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FICO Shows Consumers Letting go of Credit

FICO “Score Trends” research demonstrates repayment behavior across the financial services industry has shifted in 2008-2009, with bankcard accounts 1.6 times more likely to become 90 days delinquent than were mortgage loans. In 2005, however, bankcard accounts were more than three times more likely to become 90 days delinquent. And for borrowers scoring high on the FICO® score’s 300-850 score range, the level of repayment risk actually has become greater for real estate loans than for bankcards. In 2009, 0.3 percent of consumers with FICO scores between 760-789 defaulted on real estate loans, compared to 0.1 percent who defaulted on bankcards. This demonstrates mortgage default risk for consumers with high FICO scores now exceeds their credit card default risk, even though most credit cards are unsecured credit and mortgages are secured by real estate.

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nuBridges Launches Token Manager DSS

nuBridges has released
a new version of its “Protect Token Manager”, its Format Preserving
Tokenization solution for data security. Technological advancements in “nuBridges Protect Token Manager Release
1.3” include:granular control over the encryption key lifecycle and consistency with
the evolving OASIS® Key Management Interoperability Protocol (KMIP)
standards; pre-configured templates for even easier protection for international
PII such as UK National Insurance Numbers and Canadian Social Insurance
Numbers and enhanced surveillance of client, user and administrative activities
LDAP integration support. This allows for ease of enterprise-wide, role-based
administration and web-services governance.
nuBridges solutions and support have established a new standard of quality for the
industry, and are trusted by the world’s most demanding organizations to
exchange and protect billions of payment card transactions.

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Visa Offering Grants Cardholders Exclusive Hotel Benefits

Visa has introduced its “Signature Luxury Hotel Collection” (VSLHC) travel offering, allowing Signature cardholders to find, book and enjoy benefits at select properties throughout the world. The VSLHC offers cardholders access to the best available rate, room upgrades, VIP guest status, complimentary valet parking or internet access, a food and beverage voucher, complimentary continental breakfast and late checkout privileges. All perks offered by Visa Signature Luxury Hotel Collection ranked among the top ten important travel benefits in a 2009 survey of Visa Signature cardholders, most important being Complimentary room upgrades and free internet access, respectively. For a limited time, Visa Signature cardholders who make a Visa Signature Luxury Hotel Collection booking and complete their stay will automatically receive a limited edition copy of Overnight Sensations – The Americas, profiling select destinations with detail-rich photography and narratives designed to inspire travelers’ imaginations.

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Global Cash Access Reports 4Q and Annual 2009 Results

Global Cash Access reported a revenue decrease of 15.6% to $148.8 million for its 4Q/09, a decrease of 15.6% over the $176.3 million recorded in the year ago period. Additionally, operating income and cash earnings per share from continuing operations were down 13% and 11%, respectively. Meanwhile, for its 2009 year ended December 31, 2009, revenues were $667.7 million, a decrease of 0.6% from the $671.6 million in revenues recorded in fiscal year 2008 while GAAP EPS and Cash EPS grew on a year over year basis by 25% and 7.6%, respectively. Revenues were adversely impacted throughout the year and quarter by the continued weakness in the gaming sector and consumer revolving credit. For complete details on GCA’s latest results visit CardData (www.carddata.com). (CF Library 8/25/09; 10/13/09; 11/05/09; 5/07/09)

GCA REVENUE HISTORICAL
1Q/08: $143.5 million
2Q/08: $151.5 million
3Q/08: $185.1 million
4Q/08: $176.3 million
1Q/09: $181.7 million
2Q/09: $173.0 million
3Q/09: $164.3 million
4Q/09: $148.8 million
Source: CardData (www.carddata.com)

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Hyatt, Chase and Visa Form Strategic Alliance

Hyatt and Chase announced a multi-year, strategic alliance that will create the first-ever Visa-branded credit card that allows consumers to earn points through the Hyatt “Gold Passport” global loyalty program. Hyatt “Gold Passport” global loyalty program delivers a superior level of service, recognition, and customer experience to its most loyal guests. IL-based Hyatt Hotels Corporation has a worldwide portfolio consisting of 424 properties. JPMorgan Chase has approximately 145 million credit cards in the United States and Canada and is a leader in investment banking, financial services for consumers, small business and commercial banking.

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