Coinstar in Search of a New CFO

Self service retail service provider Coinstar is seeking a new CFO to
replace John Harvey. Harvey has decided to leave
due to the extensive time his position required for him
to spend away from his family. Harvey, appointed CFO in June 2009, has
been commuting between Bellevue, Wash. and Chicago on a weekly basis.
The Company will begin a search immediately to replace Harvey, who has
committed to assist the Company with transition matters, including
continuing as CFO through the reporting of third quarter financial
results in November. Coinstar’s core automated retail businesses are
self-service coin counting and self-service DVD rental. Other Coinstar
products and services found at the retail front-end include e-payment
products such as gift cards, prepaid debit cards and other prepaid
products; money transfer services; and entertainment products and
services, including skill crane machines and bulk vending.

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Merchant Accts Promotes More Pay Options

Merchant Accounts is advising clients to add additional payment options
to attract new customers. As the use of cash has been declining, the
convenience of the debit/credit card has made carrying around the “exact
change” unnecessary. Many consumers don’t even worry about whether or
not they have cash before they head out to make a purchase. Businesses
that don’t yet accept payment by credit card are really hindering their
company’s ability to expand. Merchant Accounts LLC offers a full range
of affordable merchant
services to retail, mail/phone order, E-Commerce, and wireless programs.

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ATM Network Launches a New Promotion

ATM Network is offering a six month payment program for purchasers of
new ATMs. Under this program, ATM Network ships and
installs the atm, and also provides signage, toll-free customer support,
and real-time internet monitoring. Customers can either pay for the atm
machine in full after the six month period or have it converted to a
traditional lease with monthly payments. The owner of an atm machine
collects revenue in the form of a
transaction fee or surcharge that is assessed on each cash withdrawal.
With ATM Network’s zero down program, the atm owner receives a check for
the surcharge revenue every month, even during the six month, no-payment
period.

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EPX and ClaimLogic Team for Medical PCI

Payment solution provider Electronic Payment Exchange and healthcare
payment solution provider ClaimLogic have partnered to provide
PCI-compliant credit card processing services. ClaimLogic’s suite of
all-payer claims and payment products is installed in practices ranging
from the largest academic medical centers and multi-physician groups, to
the small- to mid-sized medical practices in the USA. Their web native
applications are focused on improving the operational efficiencies and
streamlining electronic transactions for providers of healthcare
services. ClaimLogic clients will begin processing credit card
transactions through EPX this fall. EPX is “PCI v1.2” compliant, a VISA
USA “CISP” and a MasterCard “SDP.”

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ETSI & GLOBALPLATFORM

The European Telecommunications Standards Institute (ETSI) and
GlobalPlatform have signed a Memorandum of Understanding (MoU) to
advance joint initiatives. The agreement will allow the organizations to
share industry and technical knowledge and synchronize specification
development to advance mobile services across a range of industries.
GlobalPlatform smart card international specifications and ETSI’s Smart
Card Platform (SCP) committee have agreed to formally strengthen a
general liaison relationship, to harmonize respective activities in the
fields of OTA application download and management of applications. These
original agreements resulted in over two billion SIM cards worldwide
deploying the organizations to enable OTA application downloads for 3G
and GSM mobile networks. The renewed agreements will focus on developing
technology that will facilitate the delivery through the SIM of
contactless services across multiple sectors.

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Cvent is Level 1 PCI-DSS Certified

Meeting planner software provider Cvent has been upgraded from Level 2
to Level 1 compliance with PCI-DSS.
In order to achieve PCI Level 1 status, Cvent networks and data security
procedures went through an extensive and thorough third-party audit
process. Among many security enhancing initiatives, Cvent also
implemented upgrades to the event management system. Cvent offers
web-based software with features including meeting site selection, event
sourcing, online event registration, event management, event website
creation, and web surveys.

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GEMALTO & TRUSTED LOGIC

Gemalto has acquired Trusted Logic digital security for undisclosed
terms. Gemalto, which already held 32% before the transaction, hopes to
accelerate the international development of Trusted Logic technologies
with the acquisition with secure software for personal portable devices.
With operations in France, Ireland, Singapore and South Africa, Trusted
Logic employs approximately 100 people and revenue of EUR9.8 million in
2008. Gemalto digital security saw 2008 annual revenues of EUR1.68
billion, and 10,000 employees operating out of 75 offices, research and
service centers in 40 countries. Gemalto delivers mobile connectivity,
identity and data protection, credit card safety, health and
transportation services, e-government and national security.

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Consumer Reports’ Trouble Tracker Creeps Up

A new consumer survey has found 38% of Americans experiencing at least one major negative personal finance event in the past 30 days. The negative events include: the inability to pay medical bills or afford medication, missed mortgage payments, home foreclosure, interest rate
increase, penal fees, reduced lines of credit or other changes in credit card terms, job loss or layoffs, reduced healthcare coverage, or the denial of personal loans. The latest “Consumer Reports Index,” which includes the “Sentiment Index,” the “Trouble Tracker Index,”
“Stress Index,” the “Retail Index,” and the “Employment Index,” concluded that Americans feel far worse about their financial situation than they have in the past seven months. The “Sentiment Index” dropped to 38.1 in September from 41.1 in the previous month. The “Trouble Tracker” continues to creep upward from its low point in May of 48.5, but it remains steady, only 60 basis points above the prior month.
In July the “Stress Index” rose slightly to 58.4 and has continued to increase to 65.7 in September. The “Retail Index” for the past 30 days collapsed in August last month, falling to 9.5 from 13.0 in July, has
stabilized in September at 9.7. The “Employment Index” improved significantly in September to 50.3 from 48.0 last month.

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XCELLINK PATENT

Xcellink International has been issued its Canadian patent (P#2,264,048)
covering automated data interchange for transactions between customers
and merchants over wired or wireless links. This provides Xcellink
International a uniform Patent protection across North America for
continent-wide opportunity to allow providers of payments services who
wish to automate consumer-based management systems with the use of a
local link with a single license arrangement for the Xcellink method.
Enhancing existing technologies such as mobile phones and wireless
digital networks, and exploiting the techniques associated with secure
messaging systems, this unique process enables customers, rather than
the merchant, to initiate, control and pay for all transactions, without
the need for credit cards, in real-time anywhere, anytime and at a
fraction of the cost of current transactions.

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U.S. Bank’s Elan Acquires Associated Cards

U.S. Bank’s Elan Financial Services has purchased WI-based Associated
Bank’s credit card portfolio. The portfolio will be converted in the
second quarter of 2010, and all of the new products and services will be
made available to clients at that time. Elan will offer a full suite of
consumer and commercial credit card services. Last week,
Elan announced the acquisition of the OH-based KeyBank credit card
portfolio. In conjunction with the new relationship with Elan, KeyBank
will be terminating its previously existing credit card issuing
relationship with Citi. The acquired KeyBank portfolio will also be
converted in the second quarter of 2010. (CF Library 9/3/09)

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