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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PYMNTS.com Evaluates Mobile Payments

PYMNTS.com evaluates mobile payments in the “Mobile Platform Wars briefing room”.
In the report, Fiserv believes it starts with consumers seeing the value proposition of mobile payments and believing in its security. Monitise Americas says that mobile at the physical point of sale depends upon the maturity of the PoS and payments infrastructure in each market. Mocapay says the launch of the smartphone and ensuing consumer adoption will tip the mobile wallet concept sooner than we think. And CHARGE Anywhere thinks merchants will benefit the most and will give mobile payments the nudge it needs to tip. PYMNTS.com is a joint venture between Berkshire Hathaway’s Business Wire and Market Platform Dynamics.

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INSIDE MicroPass 4006 Paybefore Winner

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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Hyper9 has Entered into a Partnership with DNM Technology

TX-based virtualization management solution provider Hyper9 has entered
into a joint partnership with DNM Technology to become the official
reseller of Hyper9’s “Virtual Environment Optimization” solution.
Hyper9 VEO combines usability and dashboard features with in-depth analytics and reporting to help users find and reclaim virtual resources. The solution delivers instant insight into virtual environments, thereby eliminating manual assessment and reporting efforts. Additionally, organizations can use Hyper9 monitoring and alerts to establish best practices around how their virtual infrastructure should perform, and how to proactively maintain those activities over time. Hyper9 collaborates with virtualization administrators as well as systems and virtualization management experts to develop a new breed of virtualization management products that leverages Internet technologies like search, collaboration and social networking.

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MoSys & ROHM Enter into an Agreement to License 1T-SRAM

CA-based MoSys has entered into an agreement with electronic provider ROHM to license MoSys’ “1T-SRAM” embedded memory technology. The
technology license agreement will enable ROHM to design and manufacture ICs utilizing 1T-SRAM in ROHM’s fabrication facilities. Current and future generations of advanced SoCs (System-on-Chip) require significantly higher densities of embedded memory. MoSys’ patented 1T-SRAM IP, which has the advantage of enabling designs with 3 times the density in the same area as alternative solutions, high speed, low latency random access and superior reliability, provides a very
compelling solution for advanced SoC designs. MoSys’ patented 1T-SRAM® and 1T-Flash® memory technologies offer a combination of high density, low
power consumption, high speed and low cost advantages that are unmatched by other available memory technologies for a variety of networking,
computing, storage and consumer/graphics applications.

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