Shopko Stores to Use SpeedFC Services

TX-based e-commerce provider SpeedFC has signed a multi-year agreement with
retailer Shopko Stores Operating to provide end-to-end e-commerce services including
web development, web hosting, fulfillment and call center services.
SpeedFC provides a suite of proprietary
services, which includes fulfillment, customer care, Web development,
Web hosting, interactive online marketing and related services.
Shopko is a $2 billion retailer of quality goods and
services headquartered in Green Bay, WI, with stores located in 13
states throughout the Midwest, Mountain and Pacific Northwest regions.
Retail formats include 136 Shopko stores, providing quality name-brand
merchandise, great values, pharmacy and optical services in small to
mid-sized cities and 6 Shopko Express Rx stores, a convenient
neighborhood drugstore concept

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SCA Releases a Contactless White Paper

A new white paper from the Smart Card Alliance
Contactless and Mobile Payments Council
research has identified issuer and merchant best practices for driving
consumer use of contactless payments.
The Council presents its research
in a new white paper, “Issuer and Merchant Best Practices: Promoting
Contactless Payments Usage and Acceptance”. Some best practices detailed in the white paper include: providing basic
information on benefits and on how and where to use the cards; targeting
cardholders by demographics; creating “buzz;” identifying champions for
contactless benefits; creating incentives; using multiple communication
vehicles to deliver key messages; and many more.
Participants involved in the development of this white paper and in the
issuer survey included: Collis America, Cubic, Discover Financial
Services, First Data Corporation, Giesecke & Devrient, IBM, INSIDE
Contactless, MasterCard Worldwide, Oberthur Technologies, VeriFone, and
ViVOtech.

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F3 Selects Paymenting for Illinois

Catering to the 48 million households projected to pay bills online in
2009, F3 has selected Paymenting as its exclusive reseller of
Interaction Community Systems in the Illinois market. Given over 50% of
those projected to pay bills online throughout the year will do so
directly through their biller’s website, the partnership has been
focused on integrating its solutions for a low-cost payment option to
homeowners using ACH and Credit Card transactions. This allows
homeowners using the Interaction Community System to pay their dues and
community fees. Since this announcement at beginning of the summer, the
partnership has additionally been focused on aligning sales, marketing
and support processes to ensure the introduction of integrated services.

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iMergent Delivers a Solid Q2 Performance

Phoenix-based iMergent posted net income for the quarter ending June 30th of $8.5 million, compared to net income of $0.5 million in the same quarter last year. The results were driven by a settlement with the IRS. Product and other revenues for the quarter were $14.1 million,
compared to $22.5 million for the same quarter last year. Total operating expenses decreased 38% to $18.3 million for the quarter, compared to $29.6 million for the same quarter last year. In addition to software and training, iMergent offers site development, web hosting and search engine optimization. iMergent, StoresOnline and Crexendo Business Solutions, Inc. are also trademarks of iMergent. For complete details on iMergents latest results visit CardData (www.carddata.com).

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OpenTable to Implement Braintree Pay

OpenTable real-time online restaurant reservations will be implementing
Braintree Payment Solutions payment processing and credit card data
storage solutions to ensure PCI DSS Compliance of its “Electronic
Reservation Book” software. For restaurants that take credit card
numbers to secure reservations, PCI DSS requires the information be
stored in a secure environment, just as the card information would if
used to conduct a payment transaction. The Braintree solution stores the
credit card data in unique tokens, useless to unauthorized users, and
will protect the 11,000 OpenTable partner restaurants with the increased
security of never actually processing or storing credit card data in
their environment.

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eBillme Launches a Walk-in Network

eBillme has introduced “eBillme Walk-In,” a new way for consumers to shop online and pay with cash, without having a credit card or even a bank account. The company has partnered with providers including MoneyGram to assemble the largest network of U.S. based walk-in locations with the lowest transaction fee. Upon selecting “eBillme Walk-In,” online shoppers will be sent an eBill which can now be paid using online banking or by presenting the eBill to a participating location. A locator is available to show consumers the nearest walk-in location based on their address. Consumers can simply take their printed eBill to one of the over 75,000 walk-in locations across the U.S., including MoneyGram’s nearly 40,000 agent locations.

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Cryptography Research Signs EM Micro

Cryptography Research has signed patent agreements with EM
Microelectronic – Marin semiconductors, allowing the latter
to implement the formers patents. For its flash-based smart card chips
in the telecom market, EM will be implementing CRI’s patent to enhance
tamper-resistant smart card security against Differential Power Analysis
(DPA) and related attacks. DPA is a form of attack consisting of the
monitoring of fluctuating electrical power consumption of a target
device and channeling advanced statistical methods to derive
cryptographic keys and data. With this patent agreement, EM will be
implementing its freedom to use the CRI patents to develop and enhance
its security chips used in its smart card security applications for
banking and electronic identification. This will allow its customers to
develop their own security countermeasures without a separate license
from CRI.

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Market Street Smart Rewards Introduced

TX-based grocer Market Street has rolled out the “Street Smart Rewards”
loyalty program that gives shoppers one point for every dollar spent.
By signing up for a “Street Smarts Rewards” card and using it between
now and Oct. 27, Market Street guests will earn one point for
every dollar spent. Market Street guests can immediately begin earning
points on their next
grocery trip by accepting a “Street Smart Rewards” card from the cashier,
completing an enrollment process in-store or online at
www.StreetSmartRewards.com and continuing on with their typical shopping
routine. Participants can earn anywhere from $5 to $100 in Market Street
rewards that can be spent on almost anything in the store, including
fuel, until Dec. 31.

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Consumer Bankruptcy Filings Ease Back in Aug

The year-on-year growth in the number of U.S. consumer bankruptcy filings downshifted in August but represented the fifth highest month among the past 12 months. In August, filings rose at a 24% annual clip, compared to a 34% annual pace in the prior month. According to the American Bankruptcy Institute and the National Bankruptcy Research, consumer filings totaled 119,874 in August, compared to 126,434 in July and 96,413 in August 2008. Chapter 13 filings constituted 28.3% of all consumer cases in August, the same as July. According to the Administrative Office of the U.S. Courts, total filings in the second quarter of this year hit 381,073, compared to 330,477 for the first quarter and 276,510 one-year ago. Bankruptcy filings for the 12-month period ending June 30th, were up 35% over bankruptcy filings for the 12-month period ending June 30th, 2008. Consumer filings for the 12-month period ending June 30th, totaled 1,251,294, up 34% from the same period one-year ago. (CF Library 8/27/09)

BANKRUPTCY FILINGS
Aug 08: 96,413
Sep 08: 88,663
Oct 08: 106,266
Nov 08: 99,925
Dec 08: 84,926
Jan 09: 88,773
Feb 09: 98,344
Mar 09: 121,413
Apr 09: 125,618
May 09: 124,838
Jun 09: 116,345
Jul 09: 126,434
Aug 09: 119,874
Source: ABI/NBKRC; CardData.com

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Experian LifeLock Lawsuit Holds Up

A federal court has denied identity provider LifeLock a reconsideration of a prior ruling of a lawsuit filed by Experian
which found that LifeLock’s practice of setting 90-day fraud alerts for
consumers with the three main credit bureaus is unlawful. Experian filed
the lawsuit in 2008 alleging that LifeLock activities were contrary to
certain provisions of the Fair Credit Reporting Act (FCRA). Experian has requested a
permanent injunction, for which a decision is pending.

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RBS WorldPay and Arsenal Security Team

RBS WorldPay has partnered with Arsenal Security Group for a PCI compliance program. With Arsenal’s program, RBS WorldPay
merchants may submit their self-assessment questionnaire and conduct
their mandatory vulnerability scans directly through the Arsenal portal.
In addition to the questionnaire and vulnerability scans, Arsenal
Security Group will provide proprietary “SmartSearch” Technology, which
can identify if a merchant is improperly storing cardholder data,
determine if they are using a PCI compliant payment application and
check for vendor default passwords. They also offer remediation support
for merchants who are non-compliant in a quick and efficient manner.
Arsenal Security Group is a Qualified Security Assessment Company for
the Payment Card Industry.

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VIPGift Plans to Release LEAP 2.0

VIPGift is set to launch its Fall 2009 “LEAP (Loyalty Engagement Award
Platform) 2.0” points-based enterprise software application. With “LEAP
2.0”, VIPGift aims to increase employee productivity, directing behavior
through targeted rewards, linking specific, positive employee behaviors
to small points allocations over time. This allows companies to reward
specific employee behavior frequently with the attendant benefits of
training theory. “LEAP 2.0” subsequently helps companies reduce employee
turnover costs, based on research showing employees regularly rewarded
are more engaged and loyal to their companies. VIPGift offers corporate
and consumer incentive programs and prepaid card solutions.

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