Visa Launches FIFA World Cup Educational Video Game

A “FIFA World Cup” partner since 2007, Visa announced it will roll out its Financial Football game (known as Financial Soccer in the U.S.) in over 12 countries in the months leading up to the “2010 FIFA World Cup.” The game, which went live in Brazil on September 15th, is now available for U.S. players. Visa says the new “FIFA World Cup” branded educational video game is the centerpiece of a commitment to reach 20 million people worldwide with financial literacy information by May 1st, 2013. The new video game was announced at the “Clinton Global Initiative Conference.” Visa also rang the bell of the New York Stock Exchange today. Following the bell ringing, Visa hosted a Financial Football clinic with U.S. national team captain Landon Donovan of the Los Angeles Galaxy, World Cup veteran Brian McBride of the Chicago Fire and Mexican soccer legend Jorge Campos at Martin Luther King Jr. High School in Manhattan.

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CONSORTEUM DISCOUNTS

Consorteum Holdings has established an agreement with a third party
partner within the payment processing industry to offer Merchant
Discount Rates. The new partnership will offer competitive Merchant
Discount Rates and POS hardware to its new and existing client base. The
program further enhances its list of financial services available to
current and future clients and will generate new revenues from
transaction processing to ensure long-term revenue growth and
incremental residual income. Consorteum will continue to expand its
portfolio of financial services. Processors in North America process in
excess of 75 billion electronic payment transactions annually.

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First Data Hires Financial Services Exec & New CMO

First Data has hired Kevin Schultz, formerly global head of Visa Processing Services for Visa, as president of its Financial Services business segment. Also, John Elkins, formerly a senior advisor to McKinsey & Company, as chief marketing officer. Schultz responsibilies include Card Issuing, Debit Services, the STAR Network, Output Services, Government and Education Markets, and analytic and decision services products. Elkins will be responsible for global marketing and brand development. First Data also announced that Henry Kravis and Joe Forehand were appointed as new members to its board of directors.
Kravis is the co-founder, co-chairman and co-CEO of Kohlberg Kravis Roberts & Co. Forehand retired as chairman of Accenture in 2006 after more than 30 years with the firm.

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New Moon-Themed BK Crown Cards Offered

Burger King and Summit Entertainment have teamed to offer “The Twilight
Saga New Moon” collectable gift card.
A series of limited-edition “New Moon”-themed “BK Crown Cards” featuring
stars from the film are available for purchase at
BURGER KING restaurants and online at www.bkcrowncard.com. Once
acquired, these collectible gift cards, which have a $5 minimum limit,
can be loaded at BURGER KING® restaurants nationwide. These exclusive
items are just a glimpse of what will be offered in BURGER KING®
restaurants and are sure to be a hit with “Twilight” fans looking for
hot gifts this holiday season. More information will be revealed in
early November when the promotion launches in BURGER KING restaurants
nationwide.

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A Get-Out-of-Jail Prepaid Card is Unveiled in CA

A new prepaid debit card has been introduced in California that is issued to an inmate when he/she is released from jail. The “EZ Release Debit Card” is part of Continental Prison Systems’ “EZ Card & Kiosk” program that offers a variety of electronic payment services.
The “EZ Booking Kiosk” handles all of the paper money and coins during the booking process, which also allows the inmate to send up to three pre-written “EZ Text Messages” to friends, family and legal counsel, expediting and reducing the turn-around time for releasing inmates from the facility. The “EZ Money Load Kiosks” in the lobby area offers the convenience to friends and family when loading money into the inmate’s trust account, accepting cash, credit and/or debit card. The bail process can also be handled by this lobby kiosk, using cash, credit and/or debit card. Both “EZ Money Load” and “EZ Bail” can also be accessed via a secure remote website.

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NFCC and CBBB Joins for the Annual PYIW in Oct

A new survey shows that 45% of all U.S. adults would feel at most risk for identity theft when making a purchase with a credit card that requires the card to be temporarily taken out of their sight, for example, at a restaurant. By contrast, consumers are least fearful of falling victim to identity theft when using their credit card to make a purchase in person, for instance at a store. Only 21% of U.S. adults listed this as a concern, suggesting that consumers are comfortable as long as they can keep an eye on their card. In an effort to provide consumers with identity theft education and protection, the NFCC announced its second annual “National Protect Your Identity Week,” October 17-24. Joining the NFCC as a full partner this year is the Council of Better Business Bureaus.

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DEUTSCHE CARD

Deutsche Card Services is expanding its stationary POS card
payment solutions. In addition to the existing service of credit card
acceptance in stationary POS business, the subsidiary of Deutsche Bank,
will now directly offer payment terminals and the national card
payment methods girocard, direct debit and GeldKarte in the German
market. Deutsche Card Services is striving for a comprehensive POS solution not limited to the German market. Indeed, it will introduce these additional services in main Western European markets in the near future, thereby offering a unique service range in the POS and distance selling area. Clients will no longer face the complexity of individual national solutions with a number of different systems, terminals and service levels which currently prevail in Europe.

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DoD Honors First Data CEO

First Data Chairman and CEO Michael Capellas is the recipient of the “2009 Secretary
of Defense Employer Support Freedom Award”. The award is the highest recognition given by the U.S. Government to
employers for outstanding support shown to their employees who serve in
the National Guard and Reserve. Rob Lawrence, Director of Vendor
Relationship Management at First Data and Command Sgt. Maj. for the
Colorado National Guard, nominated First Data for its efforts to support
the National Guard and other military employees.
First Data offers a variety of benefits to employees and their families
during military deployment. Some of these include providing differential
pay between military pay and First Data salary and continuing family
medical and life insurance benefits.

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Verifi IP Intelligence is Beefed-Up

CA-based transaction risk management provider Verifi has enhanced its
“IP Intelligence”
solution which provides extensive IP geolocation information, a
a key indicator of transaction risk and credit card fraud.
Merchants now have the advantage of Verifi’s platform to implement fraud
screening checks for online transactions utilizing IP geolocation, proxy
detection and reputation data. With this robust intelligence, merchants
can create actionable rules to filter and flag high-risk transactions
for review. In concert with Verifi’s complete suite of tools, “IP
Intelligence”
provides merchants with a comprehensive set of real-time fraud checks
for online orders.

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First Data Secure Transaction Management Unveiled

First Data and RSA have teamed up to provide a new service called
“First Data Secure Transaction Management.” The new service is powered
by the “RSA SafeProxy” architecture, designed to dramatically reduce the
cost and complexity of complying with “PCI DSS.” using the “First Data
Secure Transaction Management” service, payment card data is encrypted
at the time it is captured by the merchant’s existing point-of-sale
application and remains encrypted until it is securely delivered to the
First Data authorization switch where decryption occurs. Once authorized
through the switch, the card number is replaced by a token value that
cannot be linked back to the original card data, but otherwise behaves
like a card number. This enables the merchant to eliminate card numbers
from various business applications without the need for costly
application or point-of-sale hardware modifications. When needed,
merchants can access the original card number through a secure vault
that First Data maintains for controlled authorized look-ups. This
outsourced service helps merchants to reduce the risks associated with
the loss of cardholder data, avoid fines, and help prevent the loss of
brand equity and trust.

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Credit Card ROAA Returns to Positive Terriotory

The “Return on Average Assets” for the U.S. credit card industry rebounded in August, after a year of steady decline. The record low was reached in June at a negative ten basis points, For August the figure returned to positive territory at a positive six basis points. According to CardData, the ROAA for Visa and MasterCard portfolios peaked in February 2007 at 263 basis points. ROAA is determined by dividing the after-tax return by the average managed card outstandings and then annualizing. According to R.K. Hammer Investment Bankers, pre-tax profit for the U.S. credit card industry declined 2.7% in 2008 to $39.6 billion driven by rising expense streams, especially charge-offs. For the latest portfolio metrics visit CardData (www.carddata.com).

RETURN ON AVERAGE ASSETS
Aug 08: 1.48%
Sep 08: 1.11%
Oct 08: 1.04%
Nov 08: 0.95%
Dec 08: 0.88%
Jan 09: 0.79%
Feb 09: 0.68%
Mar 09: 0.61%
Apr 09: 0.31%
May 09: 0.27%
Jun 09: -0.10%
Jul 09: -0.02%
Aug 09: 0.06%
Source: CardData (www.carddata.com)

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Mocapay Relocates Headquarters to Denver

Mobile loyalty and marketing provider Mocapay will relocate its
corporate headquarters to Denver.
As the most highly educated city in America, and top 20 cities for
business and careers according to Forbes magazine, Denver offers the
right environment to provide Mocapay employees with the ability to
maintain a work/life balance with access to the largest park
system, keeping it in the top 10 healthiest cities in the U.S.
Mocapay provides the only mobile commerce platform that supports
integrated mobile payments, marketing and distribution at point-of-sale.

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