December 15th Becomes Green Tuesday in 2009

E-commerce holiday sales peaked on Tuesday, December 15th. Total e-sales of $913 million set an individual day spending record, the first such day to surpass the $900 million threshold. According to the Chase Paymentech “Cyber Holiday Pulse Index” peak sales of $339.5 million hit on the following day, but not significantly higher. Chase Paymentech processes over half of all Internet payment transactions. comScore reported for the holiday season-to-date, $24.8 billion has been spent online, marking a 4% increase versus the corresponding days last year. The most recent week began on a slightly disappointing note, with sales of $854 million on “Green Monday,” December 14th, down 1% versus year ago, but was followed by three strong spending days that each surpassed $800 million.

CYBER SALES
12/11: $254.6 million
12/12: $184.3 million
12/13: $144.8 million
12/14: $229.1 million
12/15: $337.1 million
12/16: $339.5 million
12/17: $288.5 million
Source: Chase Paymentech

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SMARTFOCUS & GROUP ID

smartFOCUS multi-channel marketing software has signed a partner
agreement with Paris-based Initiatives & Developpements (Group ID)
global loyalty marketing specialist. With these agreements, Group ID
will integrate, operate and resell the full smartFOCUS Intelligent
Marketing software suite as part of its loyalty management solution to
its European customers and prospects. Group ID is an expert in the
development of consumer loyalty management solutions and customer
relationship management (CRM) programs. The company designs, creates and
executes loyalty and CRM initiatives for some of the leading companies
across Europe, including Carte Bleue VISA, l’Oreal, Microsoft, British
Telecom and Havas Voyages, bringing together purchasers, communities and
partners through its technology, consultancy and processes.

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ID Watchdog Partners with InComm Prepaid

Consumer identity protection service ID Watchdog has partnered with prepaid provider InComm.
Plans for the partnership include the mass distribution to the retail industry of the first and only identity theft service offered on a stored value card. ID Watchdog’s retail product, the “IDCheck,” utilizes ID Watchdog’s patent-pending technology to immediately identify whether a consumer has a pre-existing identity theft condition, and outlines recommended next steps based on the report. InComm will work with retailers to offer ID Watchdog’s new IDCheck at a low price point, with special offers to upgrade consumers to its flagship monthly monitoring service.

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Heartland Payment Settles Consumer Lawsuits

Heartland Payment Systems has entered into an agreement to settle
consumer cardholder class actions from the criminal breach of its
payment system announced on January 20, 2009. Terms stipulate Heartland
will pay a minimum of $1 million and up to a maximum of $2.4 million to
class members who submit valid claims for losses as a result of the
intrusion, resolving all actions and proceedings against Heartland in
relation to the intrusion by all persons concerned between December 6,
2007 and December 31, 2008. Heartland will also pay all costs associated
with the administration of the settlement, including up to $1.5 million
for the cost of notice to the settling class, and pay up to $760,000 of
the attorneys’ fees and costs. The settlement is subject to court
approval and other terms. Last week, Heartland Payment Systems has
agreed to pay American Express $3.6 million related to the 2008 criminal
data breach. (CF Library 12/18/09)

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First Real Gold Card is Set to Launch

The “Gold Bullion Credit Card” is being introduced. It is the first Visa or MasterCard to be backed by gold bullion or gold bullion coins. It is a product of Gold Solutions Marketing and TransMedia. TransMedia will publicize how gold coins and bullion held as collateral for accounts will be stored at Delaware Depository Service Company, where deposits are insured by Lloyds of London. TransMedia will also incorporate CardWorks into their campaigns as the entity responsible for customer service, including registration, customer contact and all pertinent servicing for the portfolio. Gold Solutions is finalizing the issuing bank selection and launch dates.

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BNY Mellon to Integrate MasterCard Payment Gateway

BNY Mellon Treasury Services and MasterCard Worldwide have announced that BNY Mellon will be integrating the “MasterCard Payment
Gateway” into its suite of payment solutions for corporate clients. Complementing the ACH, wire transfer and check payment services already
available, BNY Mellon will utilize the MasterCardBNY Mellon Treasury Services and MasterCard Worldwide have announced that BNY Mellon will be integrating the “MasterCard Payment
Gateway” into its suite of payment solutions for corporate clients. Complementing the ACH, wire transfer and check payment services already
available, BNY Mellon will utilize the MasterCard
Payment Gateway as an electronic B-to-B payments network connecting
clients with their suppliers. The MasterCard Payment Gateway will enable
BNY Mellon to expand how it addresses its corporate customers’ needs
across a broad set of spend categories and large value payments.
Integration of the Gateway is scheduled for completion by the end of
this year. First introduced in October 2007, the MasterCard Payment Gateway is a
flexible enterprise-wide payment processing platform for routing
commercial payments between buyers, suppliers and their financial
institutions. Providing a comprehensive, end-to-end, modular solution
that offers several key features, including buyer-initiated P-Card
straight through processing, the platform significantly enhances
security and control for financial institutions and their corporate
customers. Other features include single interface (“one stop shop”) for
all payment processing needs for both buyers and suppliers; user
interface/Web portal for payment status and reporting; end-user
integration (with current ERP/AP systems) for buyers; and remittance
information regardless of payment type for suppliers.

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Vesta Corporation Deploys NetSpend Online Reloading

OR-based e-payment provider Vesta Corporation has rolled a new online reloading service for NetSpend’s prepaid cards.Vesta’s program includes an innovative gifting feature that allows a customer to invite friends and family to contribute to a prepaid
account. Invitations are delivered by email and include a link to begin
the reload process. If desired, contributors can set up an account to
expedite future reloads, further simplifying these person-to-person
payments. Vesta’s technology includes proprietary account verification and risk
management practices that enable the provider to fully fraud-indemnify
NetSpend from any costs resulting from fraudulent transactions. In
addition, Vesta brings full PCI Data Security Standard (PCI
DSS)-compliant payment processing to Web reloads. NetSpend cardholders can now add up to $250 to their prepaid debit cards
from any bank debit card. Unlike other online reload services, new funds
are added in real-time to the cardholder’s account, making funds
immediately available.

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RMS Accounts Receivable Recertified as PCI Compliant

PA-based B2B accounts receivable management provider RMS has been recertified as a PCI Compliant service provider for Visa and MasterCard.The recertification covers not only RMS’ headquarters facility in
Bethlehem PA, but also their data center in Leonia NJ and 3 satellite
offices located in Tucson AZ, Pueblo CO, and Gurgaon, India. The PCI DSS
is a multifaceted
security standard that includes requirements for security management,
policies, procedures, network architecture, software design and other
critical protective measures. The credit card providers have
collectively adopted PCI DSS as the requirement for all organizations
that process, store or transmit payment cardholder data.

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Mformation Appoints New CEO

Mobile technology management provider Mformation Technologies has
tapped Todd DeLaughter, previously CEO at Opalis Software, as its new
Chief Executive Officer. DeLaughter will use his more than 24 years of software, IT and telecommunications experience to expand the company’s leadership position in the rapidly growing device management marketplace. He comes to Mformation with a proven track record of defining and delivering complex software products worldwide for the IT and telecommunications industries. He was most recently president and CEO of Opalis Software, an independent IT Process Automation company. His career also includes over 20 years at HP and Compaq in a wide range of executive, engineering, marketing and product management roles in North America and Europe, including leading HP’s OpenView Business Unit.

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ACS Launches Benefit Program, Saves $20MM/Y

Affiliated Computer Services has launched a electronic benefit transfer program for California that has a planned cost avoidance of more than $20 million dollars annually The state’s EBT program, one of the largest in the nation, allows 1.3 million Californians to receive benefits from a number of public assistance programs on the “Golden State Advantage” card. The card can be used at more than 21,000 retailer locations or 50,000 ATMs, increasing convenience and security for recipients while reducing costs for the state. ACS recently implemented the program for the state as part of a seven-year contract, which includes three optional one-year extensions.
Benefits included in the program are food assistance, both the federal Supplemental Nutrition Assistance Program (SNAP) and the California Food Assistance Program, and cash benefit programs such as California Work Opportunity and Responsibility to Kids (CalWORKs), Refugee Cash Assistance, General Assistance/General Relief, and Cash Assistance Program for Immigrants. ACS services under the contract include transaction processing, data center services, training of state and county staff, reconciliation and settlement, and reporting. ACS also supports Californians by providing an automated call center response unit, as well as live customer service support.

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mPayy Offers an Android App

Alternative payment provider mPayy has released a free Android app to
make P2P payments.
All mPayy Personal and Business accounts may use the Android application
to make and receive person-to-person payments, track activity, and
withdraw funds from their mPayy accounts to linked bank accounts. Small
business account holders are also able to issue refunds for any sale
through the application, even if it occurred on their website.
Once members open Small Business accounts, they will be able to generate
their own API key to unlock mPayy’s payment services, and add secure
debit payments to their online or mobile websites and applications. API
keys may be used to authorize one-time or recurring billing subscription
payments. Merchants can receive mPayy members’ shipping information to
fulfill orders conducted through its online & mobile payments service.
mPayy members without bank accounts can receive funds into free, no fee,
Stored Value accounts. These funds can be easily budgeted and used to
make purchases at e-commerce merchants where mPayy is accepted, or
transferred for free to account holders that have bank accounts where
the funds can be withdrawn quickly for free.

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EMALL

Chinova Information Technology e-commerce and payment JV has been
appointed partner for the development and operation of UnionPay’s online
shopping mall for high quality domestic and overseas products and
services. Formed by China-based LeiXune commerce and technology and the
Sweden-based Paynova Payment Service Provider to take a leading role in
B2C and cross-border e-commerce markets to and from China, Chinova has
signed partnership agreements with ChinaPay for development, operation
and joint marketing of the China UnionPay “eMall” domestically and
overseas. The new solution will offer merchants a prime channel for
selling their products and services and to online shoppers a place with
attractive, high-quality goods and customer support.

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