Aite Group Analyzes Merchant Acquirers

A new report from Aite Group focuses on the priorities and challenges
for merchant acquirers in
2010 and identifies markets that merchant acquirers see as emerging
opportunities.
Merchant acquiring is looking toward 2010 with the hope that it will be
a better year than 2009. ISOs and acquirers alike are looking to
emerging markets, such as the mobile/wireless channel, to help them
bounce back from the previous year and its sluggish processing volumes.
Despite these hopes, merchant acquirers face increasing challenges in
the forms of attrition, margin compression and PCI mandates that need to
be enforced throughout all levels of merchants. Merchant satisfaction
will be an important area of focus, and ISOs and acquirers need to
concentrate on deepening their relationships with merchants, protecting
their own reputations, and cultivating referral business.

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TIEMPO PAYPASS

Tiempo is demonstrating at “Cartes 2009” on November 17-19 its
asynchronous design technology, designed to improve processing speed for
contactless applications. In doing so, Tiempo will conduct a live
demonstration of a secured “PayPass” transaction, with a processing
speed six times faster than industry implementations, in less than 60
ms. Tiempo hardware can be described with a standard hardware
description language, synthesized with ACC, and verified,
placed-and-routed with standard simulation and back-end tools,
significantly increasing security of circuits. Brightsight independent
lab concluded Tiempo asynchronous technology will increase resistance
against power analysis and attacks. Tiempo develops and commercializes
Core IPs for the design of innovative integrated circuits with ultra-low
power, ultra-low noise, ultra-low voltage and robust versus PVT variations.

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MasterCard Priceless Gift Finder Launches

MasterCard has launched the “MasterCard Priceless Gift Finder” online tool designed help online
shoppers find the perfect gift this holiday season via Amazon. Using the “MasterCard Priceless Gift Finder”, online shoppers can
choose the price range they want to spend and the personality of their
gift recipient. The Gift Finder then displays appropriate gift
selections, along with ratings and reviews from Amazon.com. Online shoppers have access to a
budget calculator to track the cost of gift selections, a great choice of gift selections, user reviews and ratings
provided by Amazon.com and power of social networks by building shopping lists from
their lists of Facebook friends (via Facebook Connect), as well as
family and friends who are not on Facebook. They can also spread the
news about the MasterCard Priceless Gift Finder by posting a URL link to
the tool on various popular social networking sites. “The MasterCard Priceless Gift Finder” is “hosted” by NFL Quarterback
Peyton Manning and actress Alyson Hannigan, who offer“not so
perfect” gift suggestions to visitors through a series of video
vignettes, prior to the tool’s actual recommendations.

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MASTERCARD CAP

In response to the number of individual mobile users in Europe projected
to increase to 344 million users by the end of 2014, representing 84% of
the Western European population, MasterCard has launched its solution to
harness the mobile phone as a form factor for its Chip Authentication
Program (CAP). Focusing on enabling consumers to authenticate their
banking and online transactions, the new CAP program offers access
through their own mobile phone. Providing solutions from three industry
vendors it focuses on solutions allowing cardholders to authenticate
themselves using their existing EMV banking card and a personal card
reader while the reader generates a single-use password for e-banking
transactions, e-commerce, telephone authentication or a whole host of
other uses on CNP transactions. Mastercard sees the market very
hospitable to its program, with over half of all bank cards in
circulation now driven by EMV and 80% of POS EMV enabled.

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iPayment Third Quarter Revenues Slip

Nashville-based iPayment posted Q3 revenues decreased to $182.7 million
from $203.7 million for the third quarter of 2008. Revenues, net of interchange, were
$80,741,000 for the third quarter of 2009 compared with $87,466,000 for the third
quarter of 2008. Net income was $3,741,000 for the third quarter of 2009 compared to
$3,729,000 for the same period last year. iPayment, Inc. is a provider of credit and debit card-based payment processing
services to over 140,000 small merchants across the United States.
iPayment’s payment processing services enable merchants to process both traditional
card-present, or “swipe,” transactions, as well as card-not-present
transactions, including transactions over the internet or by mail, fax or telephone.

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Veracity and SecureNet Payment Systems Ink

GA-based Veracity Payment Solutions has signed a multi-year processing alliance with SecureNet Payment Systems.
In addition to the services agreement, Veracity will acquire a portion of
SecureNet’s merchant portfolio of approximately 1,500 retail locations.
Through this alliance Veracity can now offer enhanced Internet processing
solutions such as Electronic Invoicing, “Pinless” Debit and ACH processing. With this
joint alliance, Veracity’s merchant base will double in size to approximately 8,000 merchant
locations nationwide including the state of Hawaii. SecureNet Payment Systems’ flagship services SecureNet Virtual Terminal,
SecurePoS and SecureVault, are used by financial institutions, independent
sales organizations, payment processors, small- and medium-sized businesses as well
as enterprise institutions all over the world.

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VisaNet Opens a New East Coast Processing Center

Visa has opened a new 370,000 square foot processing center in North America on the East Coast. For security reasons the exact location is not being publicized. The new center for VisaNet facility was developed in partnership with IBM, the system, known as “z Transaction Processing Facility” is a 64-bit operating system that allows more information to be manipulated at once and perform more complex processing functions in milliseconds. Instant fail-over technology between Visa data centers around the globe ensures the 5-nine level of uninterrupted service that cardholders, merchants, governments and financial institutions have come to expect from Visa. With more than 140,000 square feet of raised floor space, the center houses some of the payments industry’s most advanced payment processing services and is capable of handling more than 10,000 transaction messages per second. In October, as part of its semiannual software update, Visa completed the upgrade of its global payment platform, as well as introducing a number of advanced processing capabilities. For this latest update, Visa programmers, engineers and testers have invested more than 85,000 labor hours to create and incorporate upgrades to VisaNet. That includes the addition of several new currencies to the 175 for which Visa already processes transactions. Last week, Brazilian credit-card services provider VisaNet announced it will change its brand name to Cielo after Visa insistence, according to CardFlash International.

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VISANET/CIELO

VisaNet Brazilian credit-card services provider has announced it will be
changing its brand name to Cielo. Cielo, meaning sky, emphasizes the
Company’s scope of its actions and extension of its network, consisting
of 1.6 million affiliated merchants, covering 97.5% of Brazil. Visanet
is majority-controlled by Brazilian banks Banco Bradesco SA (BBD), Banco
do Brasil SA (BBAS3.BR) and Banco Santander SA (STD). In 3Q/09, VisaNet
posted a transaction Financial Volume rise of 21.3% Y/Y to R$ 54.2
billion; Net Operating Revenue grew 28.0% to R$924.4 million Y/Y;
Adjusted EBITDA of R$626.6 million, 37.9% up on 3Q08 and up 7.9% when
compared to 2Q/09(Cardflash International 10/29/2009).

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Hypercom Unveils a New Contactless Reader

Hypercom rolled-out its new contactless reader for payment and value-added transactions such as gift/loyalty, prepaid, ticketing and access control. The “R3210” features a clip-on, countertop or wall-mount design and plug and play setup that allows merchants using Hypercom’s “Optimum” terminals to upgrade their current device to accept mobile payments and other contactless transactions. The “R3210” contactless capability for stand-alone terminals or integrated payment solutions at quick service restaurants, convenience stores, pharmacies, gas stations and newspaper kiosks, as well as sports venues and public transit environments. The “R3210” is powered by a high speed 32-bit RISC-based processor and incorporates Hypercom’s TMS remote software management for unmatched reliability and ease of use. The unit features optional features such as a high contrast backlit display, and dual RS-232 port for extended connectivity.

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Dogster and Catster Offer Debit Cards

CA-based web publisher Dogster is now offering affinity debit cards via Tempo’s Web-based debit card platform
that members can personalize with a photo of their pet via Tempo’s Web-based debit card platform.
Dogster and Catster debit cardholders will receive
cash-back rewards for every signature-based purchase, with rewards
automatically deposited into cardholder accounts on a monthly basis.
Tempo technology makes it easy for organizations to offer affinity debit
cards and provides a web portal for consumers to apply for and activate
cards, as well as track purchases and rewards.Cardholders can use their Dogster and Catster branded debit cards
anywhere Debit MasterCard cards are accepted and also enjoy cash-back
and ATM withdrawal access to their existing checking accounts. The cards
are issued by Tempo partner First Bank & Trust of Brookings, SD, part of
Fishback Financial Corporation. Dogster and Catster are the fastest growing pet owner destination sites
on the Internet, providing information and entertainment to dog lovers
and cat lovers. CA-based Tempo manages all aspects of card issuance, including risk management,
application processing, card fulfillment, authorization and settlement.

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