Trustcash Plans to Offer Direct Debit

Trustcash Holdings has successfully tested the Trustcash money transfer
service.
In the test, two Trustcash member accounts were created, Trustcash
tokens were
purchased by member A, tokens were transferred to member B and member B
was able to unload the tokens to their bank account as a real cash
credit. The system allows Trustcash accounts to be loaded and unloaded
via credit card and ACH. Direct debit options will be added in 2010.
Trustcash
developed a business based on the sale of a virtual stored value card
that can be used by consumers to make secure and anonymous purchases on
the internet. The company markets its Trustcash payment card, which is
sold in denominations ranging from $10 to $200 online. The Trustcash
card is the only “stored value card” produced where no personal data is
stored by or available to a vendor or merchant, providing a unique level
of both security and privacy to the purchaser.

Details

Adaco Software Tops $5B in Volume

Adaco software has processed $5 billion
worth of food and hotel supply purchases globally since January 12,
2009, a 60% increase over the past three years. It was also announced that Adaco will include an advanced vendor
punch-out interface using CXML and one year free access to a vendor
portal for all companies under $200 million in annual sales, or
educational institutions under 10,000 students, that purchase Eclipse
.NET™ hospitality management software by February 28, 2010. Adaco provides hospitality procurement, management and
optimization. Adaco software improves efficiency and eliminates
labor-intensive manual and paper-based processes. Adaco’s “Eclipse.NET”
supports 160 regions around the world, and the company’s solutions are
used at more than 600 properties in 54 countries.

Details

Busey Bank to Utilize DCS CardWizard

IL-based Busey Bank has implemented Dynamic Card Solutions’ CardWizard
software and FCP 20/20 flat card printers to instantly issue unembossed
MasterCard® debit cards at the branch level. By issuing unembossed MasterCard® debit cards, Busey Bank will have the
ability to offer a variety of images that cardholders can personally
select for their card background. Once the background is selected, DCS’
CardWizard software transfers all personalization data fully encrypted
to the FCP 20/20 printer which quickly and securely prints in brilliant,
high-definition color onto both sides of white blank card stock the
personalized unembossed card. Busey has installed DCS’ instant issue software and
associated hardware in 12 banking locations throughout Illinois and
Florida. Busey’s Illinois branches went live in August 2009, with the Florida
branches going live in September. Among the 12 locations that now offer
instant issue, Busey has campus locations that have implemented the
technology. With the program, the bank offers college students a debit
card immediately when they open a new checking account – which has been
very successful thus far. The bank issued 707 cards at their campus
locations just in August.

Details

InComm and NetSpend Ink a Card Deal

GA-based prepaid product marketer InComm has teamed with NetSpend for a
distribution agreement that will give many of InComm’s retail partner
locations the opportunity to sell and reload the NetSpend general
purpose reloadable debit card. InComm will further add to NetSpend’s
reload network of 93,000 locations. InComm is the industry leading
marketer, distributor and technology With nearly $8 billion in retail
sales transactions processed in 2008, InComm is the nation’s largest
provider of gift
cards, prepaid wireless products, reloadable debit cards, digital music
downloads, content, games, software and bill payment solutions. InComm
partners with consumer brand leaders around the world to provide more
than 150,000 retail locations the products and services their customers
demand. NetSpend is a provider of card-based prepaid
financial products to underbanked consumers in the United States. A
pioneer in the industry since its inception in 1999, NetSpend prepaid
debit cards give financial freedom and convenience to the estimated 50
to 100 million underbanked consumers in the United States. NetSpend is
offers an end-to-end solution for consumers and merchants with a
proprietary processing
platform, card fulfillment, customer service and risk management
capabilities.

Details

HOLIDAY SHOPPER

Canadians are expecting to spend $891 this holiday season on average,
compared to $884 last year when the recession was tightening its
stranglehold on consumer confidence. Regionally, Albertans are planning
to spend $1,087, the highest, while those in Quebec will be spending
$814, the least. Atlantic Canadians will be spending an average of $798
on gifts alone while B.C. consumers will be spending only $547.
Additional findings, according to Scotiabank’s “2009 Holiday Spending
Study,” show the most popular gift being gift cards given by 53% of gift
givers; clothing given by 47%; and toys given by 40% while the most
sought-after gifts include gift cards by 44% of gift seekers;
electronics by 35% and cash by 35%.

Details

Sertifi and IP Commerce Team

Chicago-based enterprise-focused electronic signature solution provider
Sertifi has partnered with IP Commerce to launch “eSignature for
Commerce Enrollment.” “Commerce Enrollment with eSignature” from Sertifi solves the complexity
of merchant boarding by providing a simple, speedy, and secure way to
gather the customer data necessary to qualify and contract new merchants
instantaneously online and enabling an end-to-end merchant application process that
streamlines application completion, validation, qualification and
contracting in a single integrated and secure online session.

Details

VOICECASH BANK

VoiceCash Group is now providing bank services, for which VoiceCash Bank
has received a European Banking license. Private support remittances
wired to their homelands by migrant workers reached approximately USD338
billion dollars in 2008, a market for which the VoiceCash Group has
strategically expanded their business segment with the new bank.
VoiceCash already enables mobile phone users to transfer funds and make
payments in real time. VoiceCash Bank is currently planning to introduce
a salary card as their next product in this segment to meet the demand
of the mainly migrant workers dependent on prepaid cards in the Middle
East to offer simplified and cheaper mobile payment options.

Details

VeriFone Revenues Down 11% But Cash Balances Rise

VeriFone reported an 11% decline in third calendar quarter revenues to $217.8 million, compared to the year ago quarter. However, the terminal manufacturer posted $3.7 million in net income for the quarter ending October 31st. Net revenues from its International business decreased 14% while net revenues from VeriFone’s North America business decreased 6% during the quarter. The Company noted that non-GAAP net income was up 33% over the prior year and it improved non-GAAP operating margins by 360 basis points. VeriFone also generated $75 million of cash from operations in the quarter and increased its cash balances for the year to $325 million. During the quarter, VeriFone announced “PAYware Mobile,” a complete payment solution for the “Apple iPhone” and bolstered its end-to-end encryption position with Chase Paymentech’s announcement of support for “VeriShield Protect.”
For the next quarter ending January 31st, VeriFone expects to record net revenues of between $215 and $218 million. For complete details on VeriFone’s latest performance visit CardData (www.carddata.com).

REVENUE HISTORICAL
3Q/06: $156.6 million
4Q/06: $216.6 million
1Q/07: $217.2 million
2Q/07: $231.7 million
3Q/07: $237.9 million
4Q/07: $185.5 million
1Q/08: $233.0 million
2Q/08: $258.7 million
3Q/08: $244.7 million
4Q/08: $214.0 million
1Q/09: $201.6 million
2Q/09: $211.2 million
3Q/09: $217.8 million
Source: CardData (www.carddata.com)

Details

CIITA & CARTES

Cartes in Asia and the China Information Industry Trade Association
(CIITA) have signed partnership agreements allowing CIITA the Chinese
institutional partner for CARTES in Asia. CIITA partners will organize a
China Pavilion at CARTES in Asia for its “The National Golden Card
Projects Excellent Achievements” exhibition. With this, the partners
intend to promote the applications of smart cards and RFID across
various industry sectors in China. CIITA, RFID China Alliance and Golden
Cards Project members will also be invited to participate in the China
Pavilion and other activities at CARTES in Asia, which will start on
March 16th with the opening conference and the 1st Asian SESAMES Award
ceremony.

Details

ARTEMA MODULAR

Strengthening its position in the market, Hypercom Corporation has
received ep2 certification for its “Artema Modular” unattended
self-service payment terminals. A joint project between eight major
organizations, including SIX Group, Credit Suisse, Diners Club Schweiz
AG and JCB International, the ep2 specification was developed to bring
the chip-based EMV payment procedure into Switzerland. The future EFTPOS
infrastructure of debit, credit and electronic purse terminals in
Switzerland is clearly defined, resulting in an open system based on
international standards and recommendations. The “Artema Modular”
unattended card payment solution was first introduced at the end of 2005
and can now be found in self-service devices deployed in Europe, the
Middle East, Asia Pacific and North America.

Details

ECONOMIC RECOVERY

The Canadian economy is set for a nation-wide recovery in 2010 with real
GDP rising by 2.6% after having contracted at an average of 2.5% in
2009. Projections forecast continued expansion into 2011 at 3.9%, fueled
by improving credit conditions. With the labor market projected to
stabilize in early 2010, the 8.7% unemployment rate is subsequently
expected to rebound, thus generating increased consumer spending. This
research, according to RBC Economics’ report, suggests consumer spending
will increase by 2.3% in 2010 and 2.7% by 2011 thanks to low interest
rates and improving consumer confidence. However, unemployment will
remain high in 2010 and average 8.7% before falling to 7.8% in 2011.

Details