GGP Malls to Offer AmEx Gift Cards

Shopping mall property managers General Growth Properties has rolled out its new American Express
“Shop Etc. Gift Card”. The new card has no fees after purchase, funds never expire, and it can be
redeemed at nearly all U.S. retailers and restaurants that accept
American Express. The GGP Shop Etc. Mall Gift Card can be purchased at 145 GGP malls
across the country in denominations of $20 to $500 or online.
The Shop Etc. Gift Card offers access to GGP’s and American Express’
stellar line-up of retailers. Card owners can enter the card account
number online and track its balance through the life of the card.
In a survey conducted by the National Research Network, consumers say
gift cards are at the top of their wish lists, while 56% of
holiday shoppers this season expect to give gift cards.

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HDX & A&A

Hosted Data Transaction Solutions touch screen POS solutions, payment
solutions, and enterprise management tools has inked a letter of intent
to acquire A&A of Ottawa, Ontario under undisclosed terms. As a
profitable Ottawa based POS technology company specializing in solutions
for the quick service restaurant and fine dining industry, A&A provides
systems and services to approximately eight hundred merchants including
Compass Group Canada Ltd., Club Links, Aramark, East Side Mario’s,
Subway, Burger King, KFC, City of Ottawa, Ottawa Hospitals, Lone Star
Texas Grill and Wendy’s. The transaction is expected to close on
November 1st and is subject to completion of due diligence by HDX,
customary closing conditions, receipt of all necessary regulatory
approvals and the negotiation and execution of a definitive purchase and
sale agreement.

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Gemalto Revenues Slip Slightly in All Units

Smart card specialist Gemalto reported $602 million in revenue for
the third quarter, down 4% from one-year ago due to a cautious market
place. Secure Transactions revenue slipped 6% to $161 million as
banking customers maintained strict inventory and cash optimization
measures. Gemalto says the ST business was also due to lower demand in
parts of Central Europe and the Americas. However, deployments of
dual-interface contactless cards in Europe and Asia remained strong. In
the Security business unit revenue slipped by 1% to $79 million.
Government Programs revenue grew by 4% during the period, with double
digit growth in EMEA and Asia offset by low demand in the Americas.
Identity and Access Management (IAM) revenue lowered by 18% on the back
of weak enterprises demand, while online banking solutions sales were
stable compared with previous year. For more details on Gemalto’s third
quarter performance visit CardData (www.carddata.com).

GEMALTO REVENUES
3Q/08: $627 million
4Q/08: $707 million
1Q/09: $551 million
2Q/09: $650 million
3Q/09: $602 million
Source: CardData (www.carddata.com)

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Comdata Introduces Smart Solutions

Comdata has launched “Smart Solutions” suite of POS products designed for
c-stores, truck stops and unattended fuel locations. “Comdata Smart Solutions” introduces five unique products that include “SmartConvenience”,
the base point-of-sale system with an innovative touch-screen design and
flexible settings to accommodate multiple profit centers, “SmartDESQ” for
enhanced diesel fuel transaction processing, and “SmartStation” software
to provide reporting and administrative oversight for managers.
Additionally, “SmartLock” offers secure solutions for unattended fuel
locations, while “SmartFuel” is designed to provide convenience at the
diesel fuel island. The solutions allow
operators to drive efficiencies by managing all transactions, including
retail, fuel, and other services, from a single platform. This new
approach consolidates profit centers and integrates data, allowing
merchants to maximize their cost savings.

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NCR Revenues Decline 18% Globally for 3Q/09

NCR reported that third quarter revenue declined 18% to $1.14 billion. The Company says financial services and especially retail customer investments were negatively impacted by the global economic downturn in most geographies. Income from continuing operations (attributable to NCR) was $15 million for 3Q/09, compared to income of $82 million for 3Q/08. Revenues declined 17% in the Americas region, primarily due to lower product sales to customers in the financial services industry and the retail and hospitality industries in the U.S., the Caribbean, and Latin America. In the EMEA region, the revenue decline of 22% was primarily due to lower product sales to customers in financial services across the region. Product sales to the retail and hospitality industries also declined in EMEA, while revenue was also negatively impacted by 3% due to foreign currency translation. Revenues fell 10% in the Asia-Pacific/Japan (APJ) region, due primarily to lower sales in the financial services industry. Revenue in APJ was positively impacted 3% due to foreign currency translation.
For more details on NCR’s latest performance visit CardData (www.carddata.com).

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Leading Economic Index Rises for 6th Month

The Conference Board “Leading Economic Index” for the U.S. increased for the 6th consecutive month by 1.0% while The “Coincident Economic Index” remained unchanged in September. With the 1.0% increase in September, the “LEI” now stands at 103.5 after having increased 0.4% in August and having increased 1.0% in July. Meanwhile, the “CEI” posting for the month was preceded by a 0.1% increase in both August and July to now stand at 99.9. “LEI” results for the month were attributed to positive gains in eight of the ten indicators, including interest rate spread, index of consumer expectations, average weekly initial claims for unemployment insurance (inverted), stock prices, real money supply, index of supplier deliveries (vendor performance), manufacturers’ new orders for non-defense capital goods and manufacturers’ new orders for consumer goods and materials while the negative contributors included average weekly manufacturing hours and building permits.

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Fifth Third Processing Inks Chuy’s

TX-based QSR Chuy’s has selected Fifth Third Processing Solutions for their merchant processing services.
Chuy’s Restaurants operates 15 locations in Austin,
Houston, Dallas and San Antonio and plans to extend its unique concept into the
Nashville, Tennessee market later this year. In addition to credit card processing,
Fifth Third Processing Solutions will also provide gift card processing for the
locations. As a premier full service payment solutions provider, Fifth Third
Processing Solutions provides servicing solutions and product engineering for financial institutions’ and
retailers’ credit card, debit card, merchant and private label programs
processing over 28.4 billion ATM and point of sale transactions and over $292
billion in debit and credit card sales volume annually.

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USA Technologies Expands its Board

Cashless technology provider USA Technologies has appointed Steven D. Barnhart, former CEO of Orbitz, and Jack E. Price, previously CEO of NovaRay
to its Board of Directors. Barnhart has successfully led technology and consumer product
companies through rapid growth and change. Most recently, he was CEO and President of Orbitz Worldwide,
from 2007-2009, after holding other executive positions since 2003, when
he joined the company. Barnhart has also been appointed to serve as a member of
the Audit Committee of the Board of Directors of USA Technologies.
Price has had a successful record of building and growing
businesses in Fortune 100 domestic and international markets. He has
been recognized for his leadership in operations, sales, marketing,
acquisitions, acquisition integration and organizational and process
re-engineering. Most recently he was President and CEO of NovaRay
Medical Inc., from 2007-2009. Price has also been appointed to serve as a member of the
Compensation Committee of the Board of Directors of USA Technologies. Stephen W.
McHugh, a former Director, has resigned from the Board.

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M-MONEY FORECAST

Consumer demand for mobile money transfer services will see users exceed
500 million globally by 2014, principally in developing countries. Many
new mobile money services being announced will face political,
regulatory or commercial challenges as they bring their services to
market. This, according to Juniper Research’s ‘Mobile Money Transfer &
Remittances: Markets, Forecasts & Strategies 2009-2014’ report, also
shows sophisticated mobile financial services can add to the
attractiveness of mobile money services. Meanwhile, Africa & Middle
East, Far East & China and India will be the leading regions for
national mobile money transfer services in 2014.

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GOL CORPORATE

GOL Linhas Aereas Inteligentes low-cost airline has become the first
airline in Latin America to issue UATP accounts GOL “Corporate Card”
targeting business customers. Accepted by more than 250 associated
airlines, representing over 95% of all passenger air travel capacity
worldwide, UATP is designed to lower the cost of sale by reducing or
eliminating credit card transaction fees to airlines. The network
provides corporations direct payment, allowing to avoid foreign currency
conversion fees, annual fees and per card fees. Subscribers enjoy
transactional data on all air travel purchases, simple enrollment,
payment and reconciliation processes. GOL will use UATP’s “Processing
Solutions” hosted billing system and corporate portal, allowing
corporations to assign individual UATP account numbers.

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DOLLAR FINANCIAL

Dollar Financial unbanked financial services acquired a merchant cash
advance business for $4.9 million, which primarily provides working
capital needs to small retail businesses against a percentage of future
credit card sales. As part of the business model, the merchant’s credit
card processor, typically a third party bank, directs a predetermined
percentage of the merchant’s future daily credit card receivables to the
acquired company until the advance is paid back in full, substantially
reducing any risk of repayment default. Currently managing receivable of
approximately $3.0 million, the acquired company is projected to grow
substantially in the coming year. Dollar Financial customers are
typically service sector individuals who require basic financial
services but, for reasons of convenience and accessibility, purchase
some or all of their financial services from the Company rather than
from banks and other financial institutions.

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