POSPaper.com Targets Restaurants

POSPaper.com has expanded its website to include a “Restaurant Supplies”
section. In creating a one-stop shopping experience for its clients, POSPaper.com
has established a website where clients in industries across the board
can purchase most if not all of the items a traditional paper
distributor would carry as well as several harder to find items.
POSPaper.com is the leading Internet provider of point-of-sale products
and supplies in the United States.

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FISERV ASIA PACIFIC

Fiserv financial services technology solutions has initiated a growing
presence throughout the Asia-Pacific region according to its
presentation at the Sibos 2009 conference in Hong Kong. Initially
through its subsidiary, Sendero, Fiserv embarked on the regional market
in 1987 and further expanded in 1991 through the acquisition of
Citicorp. Fiserv now has more than 2,000 associates in Asia-Pacific
serving more than 200 clients in the region. The company has a direct
presence in Australia, China, Indonesia, Malaysia, Sri Lanka, Singapore,
Thailand and the Philippines. It provides clients in these regions with
solutions for account processing, mobile banking, investment services,
fraud and compliance, risk management, item processing and financial
control. Its account processing in the region is provided through the
“Signature” Bank Platform and online and mobile banking solutions are
offered through “Corillian” Online and Mobile Money.

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CAT Says Card Patents are Solid

POS Technology provider Card Activation Technologies is the subject of a court issued report regarding
claims construction issues involved in one of Card
Activation’s patent infringement lawsuits.
Card Activation Technologies, Inc. is a Chicago-based company that owns
proprietary patented payment transaction technology used for processing gift cards,
phone cards and other debit purchase transactions. The company is actively seeking
to license its technology to the thousands of current users and believes that many
retailers, gas stations, phone companies and others that utilize those stored value
cards, such as gift and debit cards, infringe its patent. As a result, the
company is aggressively pursuing litigation against these infringements.

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Spending Remains Constrained After One Year

One year after the collapse of Lehman Brothers, Merrill Lynch, the DJIA
504 point drop and the resulting “Credit Crunch,” American consumers
remain cautious on spending, shifting to more value. For example a new
survey reveals that one year ago the greatest number of consumers said
their top priority expenses were vacations (25%) and dining out (24%).
Today, only seven percent named vacations as a high priority and dining
was named as a high priority for only eight percent.
The findings come from the new monthly “American Express Spending &
Saving Tracker” survey which also finds 60% of consumers intend to spend
about the same or more in the next 30 days, (compared to the last 30
days), but 40% plan to spend less. Among the 40% who said they would
spend less in the next 30 days, the top three reasons were “trying to
save money,” “reducing debt,” and that they “have the money but feel now
is not the time to spend.” The survey also found that consumers’ intend
to strengthen their household balance sheet. When asked what they would
do with $500 of found money, one-third of consumers said they would pay
off their regular monthly bills. One-in-four said they would apply it to
pay off credit card debt or save it. The new AmEx survey was conducted
by Echo Research.

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Best Western Offers a MasterCard Incentive

MasterCard and Best Western have teamed for a fall promotion to award
bonus “Rewards” points. According to CardTrak’s “Card Incentives”, the
special offer runs through November 22nd. Guests who stay any two,
three, or four nights this fall and use a MasterCard will earn double,
triple or quadruple points. Members who opt to receive airline rewards
receive the double, triple or quadruple rewards after any two, three or
four stays. In addition, Rewards members who book online during this
promotional period will receive 250 bonus points, or up to 500 points
after two online bookings. Best Western has more than 4,000 locations in
80 countries.

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MoneyPass Adds iPhone ATM Locator

MoneyPass has a new ATM locator app for the iPhone.
The locator will provide the same user-friendly search capabilities as
the online ATM locator, informing users of the location and directions to the
closest and most convenient MoneyPass surcharge-free ATMs. Cardholders can locate ATMs
from their exact current location and the address and directions can be sent to an
email address. MoneyPass worked with LocatorSearch,
a leading provider of innovative locator and search tools for the financial services
industry, to develop this application as an enhanced service for
existing and future MoneyPass cardholders who use an iPhone.
MoneyPass has over 16,000 ATMs, more than 36 million cardholders
and over 1,100 participants.

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VERIFYSMART A/P

Manila-based VerifySmart announced a major initiative to target several of the largest Banks serving the Asia Pacific region for its
credit and debit card transaction security technology. VerifySmart technology adds a new layer of security to existing protocols, by notifying the cardholder of each and every purchase through the card holder’s own cellular phone, thus enabling the cardholder to approve or decline his or her purchase via a secure PIN. The Company also announced
the launch of its integrated and holistic e-commerce system “VerifyNGo,” and an enhanced website. “VerifyNGo Authentication” technology is live and compatible with Canada’s largest wireless carriers including Roger’s Wireless, TELUS Mobility, Bell Mobility, Fido, Virgin Mobile Canada, SaskTel Mobility, NorthernTel Mobility and Telebec Mobilite. VerifySmart is a specialist in “Two Factor Authentication.”

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AMEX & BA

Economic indicators increased sharply again in July, and there
were substantial upward revisions to the index in the past four months as actual data for second quarter operating profits became available.
The The Conference Board “Leading Economic Index” for Japan increased 3.1% and The Conference Board “Coincident Economic Index” increased 50 basis points in July. The strengths among the leading indicators were widespread this month, with the six-month growth rate of productivity, index of overtime worked, business failures (inverted), and the
Tankan business conditions survey making large positive contributions.
For the CEI industrial production continued to grow strongly this month, while wage and salary income improved at a more modest pace.

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CREDITZ USA

CEO America announces it is expanding its “CREDITZ” system to more customers in North America. The system has been alpha and beta tested over several years utilizing IBM’s latest DB2 database and Series I infrastructure technology in Canada and the USA. The “CREDITZ” system includes free stored-value accounts for customers (no credit check involved), easy online account registration, collateral materials to
merchants, online account management and setup. CEO America is the North American Licensee for the “CREDITZ” brand.

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FDC CFO

First Data has tapped W. Patrick Shannon, previously with BellSouth, to serve as EVP/CFO. Shannon served as chief financial officer of BellSouth from 2005 to 2007 until the completion of BellSouth’s merger with AT&T. In addition, he served as a director of Cingular Wireless and a member of Cingular’s Audit Committee. Shannon succeeds Phil Wall who has been appointed the chief financial officer of Bank of America Merchant Services, the recently formed alliance between First Data and Bank of America. Wall will join the Bank of America Merchant Services senior management team and report directly to its Chief Executive Officer Tom Bell.

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BB&T Slates a Free M-Banking Webinar

BB&T Payment Solutions is set to host a free educational webinar for small business owners
on alerts and other mobile banking services on September 16.
The BB&T Payment Solutions webinar series features industry experts and
is designed to help businesses explore new developments in payment processes. The
webinars focus on the ongoing transformation of payment systems from traditional
paper-based methods to more streamlined, secure, and convenient electronic-based
products and services.

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CC Card ABS Not Likely to Improve till Mid-2010

A new analysis concludes that the performance of credit card
securitizations will only improve after unemployment peaks in mid-2010.
Moreover, the credit card industry faces significant legislative and
regulatory changes in the coming year, adding to uncertainties. Moody’s
Investors Service expects underlying collateral performance in most U.S.
securitization sectors to remain poor well into 2011. Troubled
performance will linger in consumer-backed securitizations despite
positive GDP growth because employment levels and home prices will
continue to deteriorate well into 2010. With commercial real estate
usually one of the last sectors both to enter a recession and exit one,
Moody’s expects CMBS performance to continue to deteriorate into 2010 or
2011.

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