Hypercom Optimum Achieves PCI PTS 2.1 Approval

The Hypercom “L4150” multilane payment terminal and “L4150 Secure
Keypad” have both achieved PCI PTS 2.1 approval. With both terminals
slated for exhibition at the National Retail Federation 99th Annual
Convention and Expo, January 10-13 in New York City, these developments
follow Hypercom’s receipt of the Sesame Award for the innovation of its
“HyperSafe Remote Key System”(HRKS). Hypercom’s solutions focus on the
high security electronic transaction needs of banks and other financial
institutions, processors, large scale retailers, smaller merchants,
quick service restaurants, and users in the transportation, petroleum,
healthcare, prepaid, unattended and many other markets in more than 100
countries.

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ASSURE PROCESSING

CT-Payment electronic payment processing has acquired the Assure Pay Debit and Credit Card processing business from TELUS Corporation. Offering custom payment solutions across a wide range of communication protocols, Assure supports transactions from all major credit cards, private-label, travel, entertainment and fleet cards. With the acquisition, CT-Payment transactional volume will excess 110 million transactions annually, serving government’s agencies, large merchants, telecommunication companies, service companies and retailers. The acquiring Company will also immediately interface its newly acquired platform to its current payment solution. The acquisition will be conducted through a set of managed service agreements ensuring a seamless transition for the application development, maintenance, support and client care functions.

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ABA Reports Credit Card Delinquencies Soar in Q3

Credit card delinquencies, based on total dollars outstanding, rose for the third consecutive quarter, rising 195 basis points in 3Q/09 compared to one-year ago. Sequentially, delinquent dollars increased 11 basis points. According to the American Bankers Association’s “Consumer Credit Delinquency Bulletin,” delinquencies based on total dollars outstanding for 3Q/09 were 6.69%, compared to 6.58% in the second quarter and 4.74% for 3Q/08. Based on the number of accounts past-due, the figures were 4.77% for 3Q/09, 5.01% for 2Q/09, and 4.20% one-year ago.

3Q CREDIT CARD DELINQUENCY HISTORY
(based on total dollars outstanding)
1980: 3.40%
1985: 3.15%
1990: 4.01%
1995: 4.21%
2000: 3.93%
2005: 3.74%
2006: 3.50%
2007: 4.00%
2008: 4.74%
2009: 6.69%
Source: ABA Delinquency Bulletin

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AVE INVESTMENTS pcCashdrawer deploys “posPortable”

pcCashdrawer brand provider AVE INVESTMENTS has rolled out “posPortable”
POSmicro computer with embedded Intel Atom processor.
Retailers can now place their POS systems in high traffic locations and
move them around as needed. The handle makes it easy to carry the 40
pound unit and the secure cover keeps the components, power bricks, and
cables protected and together, ready for the next deployment. Retailers
can also rent the posPortable units under a Hardware as a
Service annual contract. The $1299.00 pcCashdrawer includes Intel®
Atom™ POSmicro computer inside a steel pcCashdrawer chassis
1.6 GHz Processor with up to 2 Gigabyte RAM max, 160 GB Hard Drive or
Solid State Drive,12 Inch Flat Panel Monitor, Epson Compatible Printer,
POS Keyboard with MSR with a bundled size: 18” W x 20” D x 12” H Weight:
40 lbs and a 3 year overnight replacement warranty.

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BBVA Compass Launches”Bama Banking” for Alabama U

BBVA Compass is offering University of Alabama students, fans and alumni”Bama Banking”
for “Build-to-Order Free Checking” account customers that offers Crimson
Tide-branded check card and checks. Customers interested in signing up for Bama® Banking go to
www.bbvacompass.com/bama. Once there, customers with a Build-to-Order Free
Checking® account can select Crimson Tide branded images for their check cards. Customers receive one free personalized check card with every consumer
“Build-to-Order Free Checking” account and three free personalized check cards with “Business Build-to-Order Free Checking” accounts. Additional personalized check cards on either type of account may be purchased for a $10.00 fee.

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Transaction Wireless & PowerPay Intro Terminal

CA-based mobile payment provider Transaction Wireless has partnered
with e-payment provider PowerPay
to offer TW’s “wCharge Credit Card Terminal” to its
customers. Through this partnership, PowerPay customers gain value by
combining
TW’s Point of Sale (POS) credit card terminal with a PowerPay account,
offering savings on processing fees which directly affect the bottom
line of any small business. Transaction Wireless’ safe and convenient
mobile POS solution will extend the functionality of a PowerPay merchant
account to any mobile phone making it easy for merchants to process
payments in real time at a trade show, at home, or anywhere business can
be conducted. PowerPay supports all major credit and debit cards,
electronic benefits
transfer (EBT), government purchase cards, petroleum cards, loyalty
cards, gift cards and recurring bill payments.

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Consumer Confidence Sags as the New Year Starts

A monthly tracking poll reveals consumers showed little
improvement in economic confidence in December and they grew slightly
more pessimistic about their finances. Despite concern over the economy
and their finances, consumers did not cut back on holiday spending as
much as they anticipated, a welcome sign for retailers. The Discover
“U.S. Spending Monitor” dropped 3.3 points in December to 83.0,
primarily driven by a big decrease in post- holiday spending intentions
from consumers. The Monitor’s findings were reflected in the National
Retail Federation’s report showing an increase in holiday sales from
last year. A majority of consumers also plan to cut discretionary
spending in all categories surveyed by the “Monitor,” a trend that
hasn’t changed since September. There was a 2-point increase to 10% in
the number of consumers planning to save and invest more. A big driver
in the increase in holiday sales may have come from middle-income
consumers ($40k-$75k). Heading into Christmas, only 6% of middle-income
consumers planned on spending more on holiday gifts. But after
Christmas, 18% said they actually spent more, a 12-point increase.

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Bancorp Solutions & Univision Launch MasterCard

The Bancorp Bank Payment Solutions Group has partnered with Univision Communications to offer the “Univision MasterCard Gift Card.”
The “Univision MasterCard Gift Card” reduces the inconvenience and cost related to cashing checks and enables consumers to better track and manage spending by
providing them with the ability to monitor when and where they make purchases with the card. The Univision MasterCard Gift Card can be used for purchases at more than 29 million locations worldwide where Debit MasterCard is accepted.
The Univision Gift Card will be issued by The Bancorp Bank.

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The Payments Summit brings together SCA & M-Payments

The Payments Summit, to be held February 23 to the 25th in Salt Lake City, brings together members of the Smart Card Alliance’s Contactless and Mobile Payments Council and its Transportation Council. This includes representatives from transportation authorities, issuing banks and payment brands, retailers, mobile technology suppliers, chip and card manufacturers, terminal manufacturers, payments processors, and transit and payment systems integrators. Speakers from U.S. and international card issuers, transport operators, mobile operators, and campus integrators have been invited to update attendees on implementations of advanced credit, debit, prepaid, and stored value payment systems used by millions of consumers. The Summit will include sessions on exciting new trends and projects within a broad range of topics, including: current U.S. and international transit programs, contactless payments, NFC/mobile payments technology, prepaid cards, payments industry fraud, EMV, and payments security technologies. In addition to sessions for both the transit and retail industry representatives, time is set aside in the agenda for separate breakout sessions focused on topics relevant to each market and for discussions about emerging developments. The Smart Card Alliance will also offer the second Certified Smart Card Industry Professional (CSCIP) Certification exam at the conclusion of the Summit conference portion of the event on February 24th as part of its new Leadership, Education and Advancement Program (LEAP) program aimed at individual professional development and training.

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CHINA UNIONPAY & ALTIGEN

China UnionPay has deployed AltiGen integrated Microsoft-based Unified Communications solutions. Specifically, China UnionPay Deployed AltiGen’s software-based call center and Voice-over-IP solution, implemented banks’ customer service across China. China UnionPay bankcard association was established under the approval of the State Council and the People’s Bank of China as the only national payment network in China with more than one billion cards issued on its network. In the fast growing and increasingly competitive credit card market, customer service is of paramount importance to financial institutions. The AltiGen call center system provides customers with both automated voice services and human agent services to achieve the most beneficial and cost effective service for each caller, fulfilling the requirements of branch offices and departments to carry out customer surveys, publicity, customer care services and the like.

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Wincor Nixdorf Offers 7-year warranty

POS equipment provider Wincor Nixdorf is now offering a 7-year depot warranty on standard “BEETLE POS” models. The long life of BEETLE systems, coupled with low maintenance costs, reduces annual operating costs and ensures the longevity of a retailer’s mission-critical store systems. The warranty covers parts and labor on standard BEETLE models, and guaranteed spare parts availability for additional 7 years following product end-of-life further extends the life of BEETLE systems. In addition to the standard 7-year depot warranty, retailers can select from an extensive range of other service options, including on-site maintenance as well as a wide range of managed services. Wincor Nixdorf’s BEETLE POS is one of the retail industry’s most proven hardware platforms, with more than 1.4 million systems installed worldwide. BEETLEs are engineered for long life and maximum performance, with a retail-hardened design that can withstand the harshest operating environments. Optional solid-state drives completely eliminate all moving parts, further reducing the risk and high cost of POS failure.

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