IBERIABANK Reports Net Income up 273% Y/Y

IBERIABANK Corporation has reported 2009 net income to common
shareholders of $144
million, up 273% compared to $39 million in 2008. Earnings per share for
2009 was $8.03, up 171% compared to $2.96 in 2008.
Total assets increased $3.2 billion, or 50%, to $9.7 billion at December
31, 2009, and up $59 million, or 1%, excluding the FDIC acquisitions of
Orion Bank and Century Bank. Over the last 10 years, the Company’s asset
base grew at a 22% annual compounded growth rate. Total shareholders’
equity increased $104 million, or 12%, since September 30, 2009 and grew
at a 10-year compounded annual rate of 23%. The Company’s market
capitalization was $1.1 billion at year-end 2009 and climbed at a
10-year compounded annual growth rate of 28%. IBERIABANK
Corporation is holding company of the 122-year-old IBERIABANK and
IBERIABANK fsb.

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Demandware Reports 34% Client Sales Growth

E-commerce provider Demandware reports that its clients have achieved 34% in growth of online sales.
Across all industries, Demandware clients saw considerable revenue
growth, led by the apparel sector, which performed especially strong. A
breakdown of year-over-year holiday revenue growth for Demandware
clients by market sector includes: 37% increase for apparel retailers
33% increase for leisure and entertainment retailers and 32% increase for consumer goods brands
A variety of factors contributed to this surge in online sales,
including many innovative merchandising and marketing strategies
designed to attract consumers and boost conversion rates. Demandware
clients have several advantages over retailers utilizing other ecommerce
platforms, including metrics-driven merchandising, more than 50
plug-and-play promotions that can be deployed with minimal effort,
sophisticated native faceted search capabilities and an on-demand
platform that allows them to focus on generating revenue rather than
worrying about site performance and uptime.
In addition, the Demandware eCommerce Platform is optimized for peak
holiday site traffic, enabling clients to fully capitalize on the
busiest shopping days of the year without risk of downtime. Average site
uptime for the holiday period was 99.95 percent.

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Merchandise Increasingly Used Over Gift Cards for Retention

An increasing number of financial institutions are offering marketing gifts as an incentive to attract and keep the nearly 25% of large bank customers who plan to switch to local banks or credit unions in 2010. This according to River Rock Marketing Services, a company that specializes in developing incentive-based acquisition and retention programs based on using merchandise as incentive gifts for the financial services industry, showed consumers’ intention to switch from large banks with 75% unhappy with banks in general. Merchandise is slowly but surely replacing cash and gift cards, which reportedly lack the long-term trophy value of merchandise and do not secure loyalty. River Rock Marketing Services specializes in developing customized incentive-based acquisition and retention programs for the financial services industry.

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Credit Card Direct Mailing up 47% Q/Q

With a 47% increase in direct mail seen between 3Q/09 and 4Q/09, credit
card issuers have renewed confidence in the economy and the subsequent
willingness to extend more consumer credit. Compared to 2008, Chase saw
the biggest increase of 87% while U.S. Bank saw a 64% increase in volume
while total 2009 direct mail volume, which fell shy of 2 billion total
credit card ad pieces and pales in comparison with recent years. These
findings, according to Mintel Comperemedia, show the total number of
credit card offers sent in 2009 was still 66% less than total 2008
volumes and nearly 80% less than the seven billion pieces seen annually
between 2004-2007, before the recession. The findings conclude direct
marketing mailings, however, increased for the first time in three
years, quarter over quarter; 36% of credit card offers sent in 2009
featured an annual fee, compared to 20% in 2008; and variable rate card
offers sent during 4Q/09 averaged a go-to APR for purchases was 13.95%,
compared to only 11.80% seen in 4Q/08.

DIRECT CARD MAILING
QRTR VLM(BILL)
3Q/07 1.8
3Q/08 1.5
3Q/09 0.4
4Q/09 0.6
SOURCE: CARTRAK

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Citibank Intros Redeem & Earn Points Overseas

Citibank Korea Inc’ has introduced the “Redeem& Earn Points”
credit card program in Korea. Allowing CKI credit cardholders to redeem and earn
bonus Citi Points instantly at more than 20,000 merchants nationwide, the
program offers cardholders member incentives and reward points.
Once registered, CKI credit cardholders can earn 1,000 bonus Citi Points
or more, when they use their Citi Points to purchase items at
participating merchants during the January 28 – February 28, 2010
campaign period.

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Acxiom Marketing Reports 3Q Revenue of $29.9mm

Arkansas-based interactive marketers Acxiom Corporation reports income
from operations of $29.9 million in the current-year third
quarter. Income from operations of $29.9 million in the current-year third
quarter, compared to loss from operations of $8.6 million in the third
quarter last year. The prior-year loss from operations included $43.2
million in unusual loss items. Before the effect of the unusual loss
items income from operations for the prior-year third quarter would have
been $34.6 million.Revenue of $283.8 million in the current quarter,
compared to $301.0
million, excluding an Information Products pass-through contract
(approximately $20.1 million), in the third quarter a year ago. GAAP
revenue, including the pass-through revenue in the prior quarter, was
$321.1 million. This contract was modified in the fourth quarter of
fiscal 2009, and the company no longer recognizes pass-through revenue
from this contract.

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AmEx Business Travel and Concur Global T&E Platform

American Express Business Travel and Concur have signed a global agreement offering clients one comprehensive corporate travel and expense management program. Powered by Concur Travel & Expense and backed by American Express Business Travel’s leading global travel management services and expertise, the partnership provides corporate customers access to a single end-to-end program with a T&E management program payment, travel management and expense management. The partnership is to ultimately create a joint product council for the development of new functionality and services exclusively available to companies and extend the relationship between Concur and American Express. To the partnership, American Express Business Travel brings its global purchasing power to users of the solution, offering competitive rates for airfare, hotel rates and car rental prices while Concur is leveraging its technology to help clients manage T&E spending and access to a broad spectrum of data.

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Cypress Software Launches Credit App Technology

Automated credit application decision support technology provider Cypress Software Systems has
launched “Cypress University” for clients and financial institutions. Cypress University will be organized and conducted by the Cypress
Professional Services (CPS) Division. The two-day seminars cover a
variety of topics ranging from the RESPA Act to risk management,
compliance and portfolio performance, along with additional training for
the company’s Mark IV and BizMark lending solutions. Clients, nationwide and in 16 countries,
use the company’s flagship products, “Mark IV” and “BizMark”, to quickly and
consistently process consumer and small commercial loan applications.
Cypress Mark IV offers a flexible, risk-based processing approach that
includes tracking consumer loan applications from point of entry to
point of decision. Cypress’ “BizMark” loan automation software processes
commercial loan requests within a customer relationship management
environment.

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QuickLogic CSSPs Enhance SD Memory Card USB modems

QuickLogic Corporation’s “Customer Specific Standard Products” (CSSPs) are being adopted by Option Wireless in its “3G Cat9” (10.1 Mbps) and “Cat10” (14.4 Mbps) HSDPA USB modems for wireless communications over cellular networks. Option wireless technology focuses on the design, development and manufacture of innovative solutions that provide businesses and consumers with high-quality wireless broadband access to the Internet, anywhere, anytime. Its “iCON505M” series of 3G USB modems offer the ability to add up to 32 GB of micro SD memory to the modem to facilitate the sharing of downloaded content with Smartphones, Smartbooks, Netbooks, multimedia players and other consumer electronic devices, simplify the exchange of files between different PCs, or the transfer of images between digital cameras and a PC.

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INSIDE MICROPASS

INSIDE Contactless has announced its MicroPass 4006 contactless platform
is at the heart of
U.S. Bank’s PayID Card, this year’s Paybefore Award winner for Most
Innovative Prepaid Program. U.S. Bank is the first card issuer in the
United States to use a single
card for traditional magnetic stripe purchases, contactless payment
transactions and to gain access to secure facilities. The MicroPass 4006
platform embedded in the cards contains both open standard contactless
payment applications, which allows for contactless payment at the point
of sale, and the HID iCLASS application, which allows for contactless
access to secure facilities. A unique bridge between the open standard
payments ecosystem and the community of HID iClass-enabled systems
deployed globally, the MicroPass 4006 is the only contactless solution
available that makes it possible to combine ID and physical/logical
access control applications with contactless payment capabilities.
Since 2001, INSIDE has been the exclusive supplier of chips to HID for
iCLASS credentials, establishing INSIDE as the number-one global
provider of 13.56-MHz contactless chips for physical access control.

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TNS Hires New SVP/GM of Payments Division, Asia Pacific Region

Payment service provider TNS has hired John Banfield, previously with American Express, as SVP/GM of its Payments Division, Asia Pacific Region.
Banfield has more than 20 years of experience with a list of achievements in Merchant Services, B2B, Risk Management and Strategic Implementation. Before joining TNS, he worked at American Express where he was formerly a Regional Vice President of its International Division, and was instrumental in the company’s developments. TNS is a global provider of payment solutions, connecting merchants and retailers to the world’s leading banks, acquirers and processors to enable secure, efficient and cost-effective delivery and processing of payments.

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CASH USERS

Research published by Santander reveals that 51% all Britons travelled
abroad in 2009 – and that 52% of these used cash for
the majority of their purchases with 20% using credit cards and 15% using debit
cards. Only 5% of traveler’s use traveler’s checks.
The research also reveals that the average spending money while abroad
is GBP207 per person per week. And, that almost half of British travellers
(47%) withdraw three quarters of their weekly spend (GBP147) using an ATM
machine whilst they were abroad.

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