PAYTOO MOBILE

After four years in development through its Yackie Telecom and PayToo
divisions, Paymotech Group has unveiled its “PayToo Mobile”
international mobile wallet. The telecommunications and secure payment
solutions group presented “PayToo Mobile” GSM mobile wallet to offer a
complete telecommunication and mobile payment solution through the
account holder’s single balance. The new solution also makes available
SIM card without roaming charges, VOIP account, calling card, additional
numbers attached to the account in more than 35 countries and financial
services providing for the transfer of credit all around the world.This
credit is available for calls, payments, transfers and withdrawals
anywhere in the world. Through its wide distribution network available
in more than 200 countries, with more than 450 roaming agreements and
over 400,000 recharging stations, “PayToo Mobile” targets frequent
travelers.

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Peer-to-Peer Lending Set to Explode

Shaping the banking, credit and lending industry, debate over the
creation of regulatory authorities to oversee banking, lending and
investment companies are to set precedent over the coming months. In
doing so, alternative sources will be used to a growing degree by small
businesses and consumers unable to get loans elsewhere, such as
peer-to-peer lending and angel investors (wealthy individuals who make
investments in small firms) to fulfill capital needs of small companies
and startups. This, according to Plunkett Research, also shows increased
regulatory oversight will restrict lenders; much lower risk-taking by
traditional lenders has begun; risk capital remains difficult to obtain;
higher-risk loans and investments will be taken over to a large extent
by hedge funds/private equity; a process of write-downs by lenders will
continue into 2011 in credit card and commercial real estate loans;
consumers are using credit cards less; and retail is seeing less activity.

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ANHL to Deploy iFinancial’s iPayu

ANHL has acquired the rights to use the “iPayu” technology from
iFinancial Systems privately-owned banking and payment software company.
“iPayu” uses the mobile telephone and SMS messaging to initiate small
value payments and transfers, processing electronic vouchers for
redemption at registered merchants over the Internet or at an attended
POS using the mobile phone for confirmation. International Financial
Systems (www.i-financial.org) with over 21 years of services to banks,
credit unions and financial institutions worldwide will continue to
provide the technical infrastructure to support iPayu and the payment
system.

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Epson Introduces TM-T70 Printer

Epson value-added POS solutions has made available its “TM-T70” thermal
receipt printer. The “TM-T70” all-front-access single-station printer is
designed to fit under counters and in tight spaces in specialty retail,
convenience store and food service applications, and has all
front-facing controls, front paper loading and front receipt dispensing.
Unlike traditional thermal printers, the “TM-T70” does not require
clearance for top or side-opening, has a low height and flexible
mounting options to make it a perfect fit where little else does, be it
under the register or in tight counter space. The first of three new
Epson thermal products to be introduced over the next two quarters, the
“TM-T70” also is equipped with a near-end paper detector; error LEDs; an
autocutter; is 4.49” high; a sealed top for resistance to spills and an
optional cable management; prints receipts and graphics at 170mm/second
at 180 dpi resolution; is backed by a two-year warranty; and can be
connected using USB, serial, parallel, Ethernet and wireless options.

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PayPal Promos Have Big Impact on Big E-tailers

A new survey shows that PayPal promotions launched in the fourth quarter of last year caused a significant increase in the payment method’s share of dollars spent at major online retailer sites. comScore
found that Overstock.com customers were offered 15% cash back on a $100
purchase when using PayPal, which helped push its dollar share up 3.6 percentage points to 18.6%. Walmart.com offered $20 off a purchase of $50 or greater when customers used a PayPal account to checkout, resulting in a 9.0% dollar share during 4Q/08. Dell.com gave PayPal preferential treatment, positioning the payment option right under Dell’s payment plan and above all other credit card options, helping to
boost PayPal’s share to 7.0% in 4Q/08, an increase of 5.1 percentage
points from the previous quarter. comScore says as merchants and payment services prepare for a competitive 2009 holiday season, understanding the lifts from prior promotions is critical in assembling marketing programs that positively impact consumer preferences and drive
share.

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FDC Names a New Communications Exec

First Data has appointed Chip Swearngan senior VP of Communications.
Responsible for global public relations, executive communications,
employee communications and industry analyst relations, Swearngan brings
to First Data vast experience in the payments industry. Most recently
with the Metavante Corporation, Chip oversaw the Company’s public
relations, corporate and employee communications, advertising, branding
and web channel functions for 10-years. Prior to this, he worked at
Edelman Public Relations New York to lead the reputation management
campaign for the Ericsson Corporation and directed agency-based investor
relations programs for 35 biotechnology.

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Truxx Names a New President

Truxx total payment processing solutions-designed specifically for those
in the trucking industry-has appointed Sean Jones president. Bringing
with him more than 13 years’ experience with online merchants accounts
and other areas of payment processing, five years of which have focused
on merchants in the trucking industry, Jones brings an understanding of
pricing structures and payment processing to all areas of the trucking
industry. He manages payment processing programs for several state truck
associations and buying groups and is a former owner and operator of an
ACH company. Because Truxx payment processing is designed specifically
for the trucking industry, pricing structures more accurately align with
transactions typically handled by these merchants.

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Western Union Continues Prepaid Card Expansion

Western Union continues it aggressive push in prepaid cards. The latest
card teams up with Grammy-Award winning recording artist Wyclef Jean.
The new “Wyclef Jean Prepaid Visa” joins the recent Western Union
“MoneyWise” and “Gold Card” reloadable prepaid cards. Part of the Wyclef
Jean deal is the promotion of the Company’s money transfer services.
Western Union says the relationship with Wyclef will be multi-faceted
and will include outreach through social media, grassroots events and
consumer promotions in the U.S. Wyclef will also be handing out cards
worth $250,000 total. Last week Western Union Company launched “The
Western Union Visa Gift Card.” In July, WU added a reloadable Visa
prepaid card to its “Gold Card” loyalty program. The cards are issued
through Meta Bank. (CF Library 7/7/09; 11/3/09)

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CREDIT MARKET

With the current number of Chinese credit card users at 38 million, the
potential card customer market is expected to exceed 200 million by
2010. Net interest income accounts for only about one-third of the total
income of the credit card business while convenience in spending,
adequacy of the credit limit, annual fee policies, services, and website
features are among the most important to consumers. The foreseen growth
points to the annual income of China’s high income population being
equivalent to 1/4 of the annual income of the entire population, with a
growth rate of 22.5%. This, according to the latest Celent report, “The
Chinese Credit Card Market,” also shows the population with an annual
income of more than 17,600 U.S. dollars is mainly concentrated in
Beijing, Shanghai, Shenzhen and Guangzhou and will increase in the
future. Moreover, the number of people with an annual income of more
than 17,600 U.S. dollars in these four cities should account for 45% of
China’s population by 2015.

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GE and JC Penney Renew Retail Card Deal

GE Capital Retail Consumer Finance and retailer JC Penney have
announced a four year renewal of its private label credit card program. The JCPenney consumer card program provides cardholders with
added-value, convenience and security, including: exclusive savings events and financing offers,
added member benefits in the JCPenney Rewards Program; low monthly payments;
access to account information and ability to make payments online; the ability to make payment on account in any JCPenney store and
online for no charge; fraud protection with zero fraud liability for unauthorized use and no annual fee.
The program provides credit to millions of consumers who shop at
more than 1,100 JCPenney stores in communities across the United States
and Puerto Rico as well as through its catalog, and on jcp.com.
JCPenney posted revenue of $18.5 billion in 2008.

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TIGERTEL PCI DSS

TigerTel Communications (TigerTel) has achieved Payment Card Industry
(PCI-DSS) Compliance Certification as a Level 2 Service Provider.
Requiring successful completion of both annual audits and quarterly
vulnerability scans by qualified independent parties to ensure all
associated security standard and processes are continuously upheld,
ongoing certification is conducted for the certification. PCI_DSS was
founded by the PCI Security Standards Council to ensure consistent data
security measures around the globe and make certain that customers’
credit card, account and transaction information is safe from hackers
and any malicious system intrusion. TigerTel call center specializes in
inbound and outbound call center solutions and services for clients
throughout North America.

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