PAY88

Pay88 digital technology is intending to upgrade its payment platform to
meet the rising needs of its customers. This initiative will upgrade its
pc-based payment platform for easier customer use, adding the
capabilities for utilizing the payment platform via cell phone.
Providing its own payment platform as a reseller of online multiplayer
game cards and internet game time in China, Pay88 resells online
multiplayer game time in more than 20 Chinese cities. Through its
subsidiary, Chongqing Qianbao Technology, the Company has captured the
leading market share of online multiplayer game time in Chongqing
municipality of more than 31 million people.

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Safeway’s Blackhawk Net Targets Businesses

Safeway’s Blackhawk Network announced that their “Rewards Visa Gift
Card” will now be offered to businesses through Blackhawk Network’s
“Incentives and Rewards” business-to-business program. Companies can
tailor their gift card program to fit their client’s needs, via print on
demand technology, customization, personalization and robust reporting
options. With Blackhawk’s remote activation capabilities, individual
recipients can activate their gift cards on demand. Blackhawk Network’s
“Incentives and Rewards Program” offers a variety of prepaid products
including the retail partners: Applebee’s, Bass Pro Shops, Chili’s Grill
& Bar, The Home Depot, iTunes, Regal Entertainment Group, SpaFinder,
Travelocity, and others. Blackhawk Network includes more than 80,000
storefronts and reaches more than 165 million consumers each week.

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Monthly Payment Rate Slips Mildly in August

Monthly payment rates, the amount that cardholders pay on their credit card debt each month, fell in August by 16 basis points, following a 108 basis points uptick in the prior month. In November, the MPR posted its largest one-month drop ever, descending 251 basis points. Rising in December to 18.56%, the MPR declined 178 basis points in January. Among managed credit card outstandings, the MPR declined to 16.96% in August, according to CardData. The managed MPR one-year ago stood at 19.39%. According to Moody’s “Credit Card Index” for ABS, the MPR for July was 17.43%, compared to 16.53% in June and 16.01% in May. Moody’s found increases in the payment rates across all of the “Big 6” issuers. Fitch’s reported its “MPR Index” improved in July by 109 bps.

MONTHLY PAYMENT RATES
Jan 09: 16.78%
Feb 09: 17.13%
Mar 09: 17.63%
Apr 09: 17.31%
May 09: 16.44%
Jun 09: 16.04%
Jul 09: 17.12%
Aug 09: 16.96%
Source: CardData (www.carddata.com)

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ELAVON & SANTANDER

Elavon and Santander have launched its new alliance for merchant
services in the U.K. Combining the U.S. Bancorp global payments provider
with Santander bank, the partnership hopes to become a market leader in
UK acquiring by leveraging the Elavon end-to-end control of the
processing relationship. In doing so Elavon will afford the bank risk;
underwriting; payment processing; and funding customer support and
increase their presence across the country. This will subsequently
provide Santander corporate and business customers access to Elavon’s
secure international processing platform with cross border and
multi-currency processing, eliminating the need for pan-European clients
to contract with multiple processors on one point of service for all
processing and customer support. Elavon represents the former brands of
NOVA Information Systems and its affiliates FHMS and euroConex. In the UK, Santander operates three brands which provide services to
businesses, Abbey Business Banking, Alliance & Leicester Business
Banking and Santander Corporate Banking.

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NFC FORUM

The NFC Forum all-members meeting in Oulu, Finland at the end of August
offered attendees a spotlight session and validation testing. The Forum
also provided a ‘Plugfest’ focused on Radio Frequency (RF) testing using
ISO-based test tools and Digital Protocol (DP) testing, in which 14 NFC
member companies participated with nine devices, three ISO-based RF test
tools, three NFC Forum digital protocol test tools and four prototype
reference tools. Test sessions were conducted to validate the NFC
Logical Link Control Protocol (LLCP) candidate technical specification
and identify any issues that could adversely impact interoperability
before formal adoption of the specification. Nearly 100 attendees from
all over the world engaged in open dialogue with NFC experts, discussing
use cases, projects around the world and the state of NFC specifications
and compliance efforts.

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Authorize.Net Developer Center Unveiled

E-payment solution provider CyberSource has announced that its Authorize.Net small
business solution has launched an upgraded “Authorize.Net Developer
Center”. Authorize.Net offers three developer and solution provider certification
programs. Certification can help developers and solution providers
promote their business while gaining credibility and differentiating
themselves from their competitors. Certifications are based upon
established criteria and determined by the Authorize.Net Integration
Services team. The three certification programs are “Certified Solution Provider”, “Certified Developer” and
Certified Hosting Partner. The Authorize.Net Affiliate Reseller Program provides developers and
businesses with a valuable revenue source when they refer their merchant
customers to Authorize.Net for a payment gateway solution. Any business
that serves merchant customers can become an affiliate
reseller–shopping cart developers, point-of-sale, wireless and Web
developers, Internet service providers and more. Authorize.Net provides
extensive support for its affiliate resellers, including sales
assistance, merchant billing, and free customer support.

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SmartCard Marketing Systems Up 500%+

SmartCard Marketing Systems’ prepaid card loading, pin
debit and bill payment processing volume increased 547% for the first 6
months 2009 as compared to the same period in 2008. Financial
statements to be released shortly show that the company also increased
its sales revenue 157% and net earnings/loss results improved 54% during
the first half of 2009 over the first half of 2008.

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Online Resources & CO-OP Financial Integrate

Online Resources Corporation and CO-OP Financial Services have inked a reseller agreement for Internet banking, bill payment and other online services. Online Resources’ “Unite Financial Services Suite” will be available over CO-OP’s “Next Generation Network” technology platform.
With nearly 3,000 credit union members, 28,000 surcharge-free ATMs (including 9,000 deposit-taking), 3,700 shared branch locations (the largest number of branches of any network), 155 million-plus monthly transactions and 26 million cardholders, CO-OP Financial Services is the top credit union EFT network and processor in the U.S. financial services industry.

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TD TRAVEL POLL

Canadians consider changing their vacation destination and/or dates
based on what kind of deal is available, 99% of whom seek the best deal
when booking travel. Additionally, 67% of traveling cardholders utilize
travel reward points, 40% have used or redeemed rewards when traveling
over the past year and 23% disclosed programs such as these have helped
them afford their trip. This findings, according to the TD Canada “Trust
Credit Cards Travel Poll,” show 23% of Canadians would not travel if
they could not get the deal they want; 60% are willing to consider
changing the dates of their next vacation for a better deal while 42%
will consider changing their vacation destination; 62% plan far ahead
for early booking discounts; 55% avoid peak travel seasons; 54% search
for package deals; 53% use travel reward points and 35% wait to get
sell-offs. Additional findings show 58%, however, are unwaivering on
trip cancellation insurance; 51% insist on travel medical insurance
while 48% insist on car rental insurance.

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ABI Cites Wells Fargo Mobile Banking

ABI has rated Wells Fargo mobile banking as “Exceptional – A”in its
“Mobile Banking – U.S. Banks Report Card.”ABI Research evaluated and graded mobile banking
offerings from 29 U.S. banks in four categories — reach, breadth of
services offered, security, and discoverability of mobile banking
services and consumer information. Wells Fargo was the first major
financial services company to offer
consumer and small business customers both mobile web site and
text-based account access via mobile devices in October 2007. Wells
Fargo became the first major U.S. financial services company to offer a
mobile service for businesses with its CEO MobileSM service in May 2007.
Wells Fargo offers two ways to bank by mobile device which include
“Mobile Web Site”. Customers who browse the web on their mobile
phone can go to Wells Fargo’s mobile web site at WF.com and sign on to
their bank accounts to: review account balances, review account
activity, transfer funds, pay bills and find the nearest ATM and “Text
Message”. Customers who send text messages on their phone can
send a text message to the short code “93557” (for “WELLS” on
traditional keypads) to automatically receive their balance within
moments – without having to log in. Customers just type “bal” to review
primary account balance, “bal all” to review all account balances or
“act” to review recent account activity. Wells Fargo & Company is a
diversified financial services company with
$1.3 trillion in assets.

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Leading Economic Index Points to a Recovery

A major economic index moved up again in August for the fifth consecutive month. A recovery appears to be very near but, the intensity and pattern of that recovery is more uncertain. The Conference Board “Leading Economic Index” for the U.S. increased 60 basis points in August, following a 90 basis points gain in July, and an 80 basis points rise in June. Since reaching a peak in July 2007, the “LEI” fell for twenty months – the longest downtrend since the mid 1970s – but it has been rising since April and its gains have become very widespread. Five of the ten indicators that make up The Conference Board LEI for the U.S. increased in August. The Conference Board “Coincident Economic Index” for the U.S. was unchanged in August, following a 10 basis points increase in July, and a 40 basis points decline in June. The Conference Board “Lagging Economic Index” declined 10 basis points in August, following a 50 basis points decline in July, and a 90 basis points decline in June.

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Heartland Payment and Restaurant Magic Team

Heartland Payment Systems has partnering
with FL-based Restaurant Magic Software, a
leading back-office intelligence and management system for restaurants to provide regional and
national chains with a variety of operational and financial management
tools that can be customized to their exact requirements.
Independent operators will benefit from similar packaged offerings
specifically designed for their needs. In addition, Restaurant Magic?’s
enterprise-class technology will be fully integrated into Heartland?s
state-of-the-art payroll processing platform.

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