TOURISM CARD PROMO

Global internet provider Afilias has acquired mTLD Top-Level Domain Ltd., the sponsoring organization and registry operator for the .mobi top-level domain. Under terms of the private deal, Afilias Limited has acquired all of the issued and outstanding capital stock of mTLD Top Level Domain Ltd, known publicly as dotMobi, and plans to continue operating dotMobi as a wholly owned subsidiary.
Afilias and dotMobi have worked closely together since the Mobi JV (predecessor to dotMobi) was started by Nokia, Vodafone and Microsoft to apply to ICANN for the .mobi TLD in 2004. Upon approval, Afilias provided registry services in support of the successful launch in 2006, and today there are nearly one million .mobi registrations. Now more established, dotMobi will benefit from the increased focus that a seasoned registry expert like Afilias will provide.

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UniRush & Firstsource Ink Customer Care MGMT Agreements

Prepaid card provider UniRush has signed a three year agreement with
business management service Firstsource
to provide customer care management services to UniRush cardholders.
Firstsource will provide customer care services including call center
and back office management, in addition to supporting UniRush’s e-care
work stream. The partnership is expected to provide UniRush with
increased operational efficiency, better risk mitigation and business
continuity planning (BCP) and
cost competitive solutions that help support its expanding operations in
the U.S. UniRush LLC was created to offer the over
48 million Americans without access to a traditional banking
relationship an array of basic financial services via the Prepaid Visa
RushCard.

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CYBERCOM

Global consultancy Cybercom will debut its new mobile digital wallet at the Mobile World Congress.
Cybercom’s pilot project is unique, wherein it connects NFC technology, which
makes it possible to complete a payment transaction by simply swiping
the mobile, with WPKI technology, which ensures high security when
making payments through the mobile. Several industry analysts believe that the mobile phones released this
autumn will already be technically capable of using the technology
currently under development at Cybercom. At the trade show in Barcelona,
Cybercom will demonstrate how the entire transaction chain works.

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TSYS Launches Card Offering Checking& Credit Options

TSYS has rolled out the “TSYS Hybrid” card that offers both checking and credit options on one card.
The consumer can pre-determine payment preferences by dollar amount,
type of transaction or both, or allow the card issuer to create unique
spending preferences by
posting transactions to their various accounts using their Web browser.
Transactions are conducted to allow consumers to carry credit balances
or ’pay now’ from their deposit or other accounts depending on what
works best for them. Credit, checking and other deposit accounts may be
used for payments, creating a consumer-directed way to manage household
finances.

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VERIFONE & TRUNKBOW

VeriFone Holdings is a co-lead investor in a reverse merger financing for ROC-based payments and value-added service applications company Trunkbow International Holdings.
VeriFone invested $5.0 million of the approximately $22.5 million raised. The transaction values the company at a post-money valuation of $65.0 million. Albert Liu, VeriFone senior vice president and general counsel, will join Trunkbow’s board of directors effective today.
Trunkbow has announced that VeriFone has been named the preferred supplier of payment systems technology to Trunkbow and has awarded VeriFone with an initial order to supply wireless payment solutions, including the CDMA-based Nurit 8000. In 2009, Trunkbow began rolling out its mobile payments platform initially throughout the province of Shandong with one of the large China telecom carriers and plans similar deployments throughout multiple provinces with multiple telecom carriers. Together, Trunkbow and its telecom partners expect to deploy approximately 125,000 mobile payment terminals integrated with Trunkbow’s 2.4 GHz Near-Field Communications (NFC) technology over the next 3 years.

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Symantec Helps PSG Reduce IT Security Costs

Symantec has announced Payment Systems Group has cut endpoint security administration time in half and experienced zero downtime due to malware after deploying Symantec Endpoint Protection Small Business Edition company-wide. Payment Systems Group (PSG) online payment processing company helps customers accelerate the payoff of their mortgages and other loans resulting in a reduced payoff period and shaving thousands of dollars off their obligations. To secure sensitive customer data, PSG selected Symantec Endpoint Protection Small Business Edition for its easy-to-use, enterprise-level protection that optimizes performance and system resources so small businesses can get up and running quickly. PSG has also turned to Symantec for data backup and recovery with the Symantec “Backup Exec.”

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Merchant360 Makes Available VeriFone Mobile Payment

Merchant360 POS solutions is now offering VeriFone’s “PayWare Mobile” hardware and gateway services for free with 2 year contract or for sale without commitment. Offering POS hardware, software and services, Merchant360 has also developed and released its “MobiTranz” mobile card application through Authorize.net to give merchants options depending on how they plan to use the solution. MobiTranz allows merchants to get a customer relationship management system that supports loyalty and SMS surveys while the Verifone hardware solution attaches to an iPhone and allows merchants to swipe and accept credit cards wherever they are.

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PYMNTS.com Grills Paypal&Wells Fargo on mBanking

PYMNTS.com interviews execs from Paypal and Wells Fargo with a focus on
the changing mobile banking landscape.
In the two months since its launch, PYMNTS.com has assembled a very
large and highly engaged community of relevant and senior industry
executives and opinion makers across the payments ecosystem who
regularly click on its newsletter, visit the site, and spend a lot of
time there. PYMNTs.com has become the “hub” for payments innovation for
those whose core business is payments and for those who view payments as
central to their own commerce capabilities.

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PULSE & Woodforest Ink Agreement for PIN POS Debit Services

PULSE PIN debit/ATM networks has expanded its long-term relationship with Woodforest Financial Group for PIN POS debit and ATM services to act as the exclusive network provider of PIN POS debit services to the bank and affiliates. PULSE is also to provide the banks’ cardholders with access to PULSE’s nationwide network of ATMs. Woodforest Financial Group is a privately owned community bank holding company headquartered in The Woodlands, Texas. Through its bank affiliates, Woodforest Financial Group services over 850,000 accounts from more than 725 branches located throughout 17 states. PULSE is a Discover Financial Services company serving more than 4,400 banks, credit unions and savings institutions across the United States.

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Just 48% Aware of Card Act Implications

Only 48% of respondents
are aware of the impending Credit CARD Act 2009. This, according to
the “FreeScore.com Consumer Awareness Study on the Credit CARD Act of
2009”, concluded
40% of American consumers knew that credit card companies must now give a 45-day
advance notice to changes in credit card rates, terms and conditions.
The new law aims to protect credit card users from practices such as
abrupt rate increases, retroactive rate increases, and double-cycle
billing, wherein customers are charged interest on debt that’s fully
paid off during the grace period. Younger consumers are less aware of
the Credit CARD Act of 2009 — 30%
of those aged 18-34 were aware of the legislation, while 57% of those
55+ knew of the new law with 51% of men versus 45% of women were aware
of the Credit CARD Act of 2009.
Education levels matter: 58% of college graduates and 48% who have had
some college were aware of the Credit CARD Act of 2009, while only 33%
of those with a high school degree or less knew about the law.
Awareness of the Credit CARD Act of 2009 increases with income — 59% of
those whose annual income exceeds $75,000 were familiar with it versus
38% of those who make less than $35,000 a year.

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Voltage Security Conforms to Visa Practices

Voltage Security’s “End to End
Encryption” is now conforming to Visa Global Best Practices.
Cryptographic Assurance Services, LLC (CAS), a leader in cryptographic compliance consulting, has
completed an independent security review of Voltage’s innovative
Format-Preserving Encryption used in numerous end-to-end encryption
implementations around the world. CAS was asked to evaluate
Format-Preserving Encryption (FPE) as a mode of
the Advanced Encryption Standard (AES). CAS evaluated the mathematical
model on which it was based and the associated proofs of security. CAS also
reviewed a source-code instantiation of FPE provided by Voltage Security.
CAS identified applicable compliance regimes and assessed FPE against them.
In its finding, CAS noted the large body of cryptographic research on which
FPE is based, accumulated over decades, and the strength of the
mathematical proofs and cryptanalysis. CAS concluded that FPE as
implemented in the form of the AES mode FFX3 meets the compliance criteria
for PCI DSS v1.2 encryption requirements and for Visa’s Data Field
Encryption requirements, making Voltage Security’s Format-Preserving
Encryption solutions suitable for use by organizations needing to comply.

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USA Technologies Reports 2Q/10 Results

USA Technologies supplier of networked devices and wireless non-cash transactions has reported an increase installed base by 47%, with approximately 63,000 devices connected to its USALive network for its fiscal 2Q ended December 31, 2009. This figure is up from the 43,000 devices connected in the year ago period while transaction volume itself increased approximately 61% to 8.2 million transactions from 5.1 million transactions in fiscal 2Q/08. Additional findings show, since the year-ago second quarter, the dollar volume of transactions processed was up 42% to $15.0 million from $10.6 million and total revenues increased 41% to $3.8 million from $2.7 million; SG&A expenses increased approximately $1,081,000 compared to the year-ago second quarter due to expenses related to the proxy contest, related litigation and settlement; customers using the e-Port Connect service increased to approximately 775; its “Quick Start Program” accounted for 31% of e-Port equipment sales; and net loss for the 2009 quarter was $4.2 million compared with $3.4 million the year ago period.

4Q/09 3Q/09 2Q/09 1Q/09 4Q/08
Units Installed 63,000 57,000 52,000 48,000 43,000
Transactions (mm) 8.2 7.4 6.7 5.7 5.1
$ Value (mm) $15.0 $14.6 $13.5 $11.3 $10.6

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