Advanced StoreNCR 5.4 PA-DSS Compliant

NCR Corporation’s version 5.4 “Advanced Store POS” has been designated
as offering the most current standards designed to protect consumers’
credit card information from potential security breaches. With
validation performed by Trustwave, NCR Corporation’s version 5.4
“Advanced Store POS” has been named PCI SSC compliant with PA-DSS
version 1.2, which was created to help software vendors and others
develop secure payment applications. The comprehensive NCR POS solution
drives store checkout operations for major general merchandise retailers
around the world, providing enterprise system capabilities; superior
pricing; promotional capabilities; multichannel support; CRM
functionality; returns management; and mobile retailing.

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Allpoint ATM Network Inks PBI Bank

Allpoint Network has signed ATM network agreements with PBI Bank. With
this, the $1.7 billion bank with 18 locations across Kentucky can
provide its customers access to more than 200 surcharge-free Allpoint
ATMs across the state. This equates to 3x as many ATMs as the largest
Kentucky-based bank. Allpoint is an affiliate of Cardtronics ATM Network
with 37,000 ATMs in leading national and regional merchant locations
across the United States and the United Kingdom. PBI Bank operates 18
full-service banking offices in 11 counties in Kentucky and is a
wholly-owned subsidiary of Porter Bancorp.

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OTI 1H/09

On Track Innovations reported that revenues declined 17% to $16.9 million in the first half of this year. Gross profit slipped 6% to $7.7 million. The Company previously reported that revenues were flat for the first quarter at $9.3 million. The GAAP net loss for the first quarter was $3.8 million, a 44% decrease, compared to the year ago quarter. OTI says its main goal is to bring the company to operating break-even position as quickly as possible. Based on the higher than expected decline in revenues in the first half, which is mainly attributed to the revenue reduction in the OEM and payments business segments and the delays in customers’ projects timetables, OTI updated its target revenues for 2009 to $34 million. OTI designs, develops and markets secure contactless microprocessor-based smart card technology. For complete details on OTI’s latest performance visit CardData (www.carddata.com).

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JULY LEI

The Conference Board Leading Economic Index (LEI) for the Euro Area
increased for the second of the last three months by 1.6% while the
Conference Board Coincident Economic Index (CEI) declined by 0.1% for
the month of July. With the 1.6% increase in July, The Conference Board
LEI for the Euro Area now stands at 97.4 (2004 = 100), which increased
1.4% in June and a 1.8% in May after falling more than 15.0% between
June 2007 and December 2008. Meanwhile, the CEI now stands at 101.0
(2004 = 100) after falling 0.5% in June and 0.2% in May. Experts
disclose because of current economic conditions, it is too early to
conclude whether or not the Euro Area will experience a sustainable
recovery anytime soon.

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Whataburger Accepts MasterCard PayPass

TX-based QSR Whataburger is set to accept MasterCard PayPass
contactless payments at more than 500
locations across southern United States. To enable PayPass acceptance,
Whataburger restaurants are being deployed
with Vivotech 4500M and DTc readers, integrated devices designed to accept
PayPass contactless payments, as well as traditional, magnetic stripe
payment
cards at the counter and at the drive-thru. Customers simply tap their
PayPass-enabled
MasterCard card or device on the reader to make a purchase, eliminating
the need to hand their card over to a cashier or fumble for cash.
MasterCard PayPass
also does not require customers to sign receipts for purchases under
$25, further
speeding up the transaction. Whataburger, recognized for its fresh,
made-to-order burgers and
familial customer service, operates locations in Alabama, Arizona,
Arkansas, Florida, Georgia,
Mississippi, New Mexico, Oklahoma and Texas. These Whataburger locations
will be equipped to accept MasterCard PayPass by September 2009.

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NMI Releases Level III B2B Service

E-commerce gateway provider Network Merchants has launched “Level III
Processing” to allow merchants to pass extended transaction data
required for certain industries and card qualifications.
Level III Enhanced Data Processing is used by government and large
corporations to make business-to-business and business-to-government
purchases.
Merchants can use this enhanced data to better understand purchasing
patterns, improve
purchasing performance, and monitor employee compliance.
NMI’s Level III service offering includes a fully functional API
(Application Programming Interface). In addition to Level I data –
account number, transaction date, purchase
amount, supplier category code, supplier name, city, state, and ZIP code
– Visa and
MasterCard provide enhanced data on purchases of goods and services.

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EURO PMI

The Bloomberg Euro-Zone Retail Purchasing Managers’ Index (“PMI”) fell
from 47.3 in July to 47.1 in August, demonstrating a sharper rate of
decline in like-for-like sales for the 15th consecutive month. Based on
mid-July surveys of more than 1,000 executives in the euro area retail
sector, Germany showed only a marginal drop in month-on-month sales from
49.8 in July to 49.5 in August for the weakest decline among the 3
largest Euro-Zone economies. Meanwhile, France posted posted moderate
growth from 46.0 in July to 47.3, over last month’s drop from 49.4 to
46.0, while Italy posted the most drastic change from 45.6 in July to
44.0 in August. The year-on-year sales index recovered from its July
figure of 39.8 to 41.7, but is still below the no-change figure of
50.0. The prices paid index rose from June’s record low of 50.0 index
stayed close to the no-change mark, wherein French and Italian retailers
reported a rise while German retailers reported declines for the first
time in five-and-a-half years; retail sector employment continued to
contract for the month to 47.4, unchanged on July’s reading; and Retail
stocks registered 44.4, up on July’s series low but down on the long-run
average (51.2).

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MASTERCARD CAP

MasterCard has approved personal card readers and authentication servers
from DSSS, Gemalto, Logos and Thales for its “Advanced Authentication
for Chip.” Targeting banks looking to manage threats of online fraud,
“Advanced Authentication for Chip” provides an EMV authentication
solution to further protect EMV cards from fraud using a two-factor
authentication solution. This Chip Authentication Program (CAP) solution
allows cardholders to authenticate themselves using their existing EMV
banking card and a personal card reader issued by their bank. The
personal readers allow the consumer to generate single-use passwords for
use in e-banking transactions, e-commerce, telephone authentication and
other Card Not Present transactions.

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IRS to Offer RBS WorldPay Options in 2010

The IRS has signed a contract with the Royal Bank of Scotland to provide electronic payment services for individual and business U.S. taxes. RBS WorldPay and its partner Value Payment Systems will begin the multi-year contract to process tax payments on January 1st. Besides facilitating tax payments via payUSAtax.com, users will be able to schedule automated payments and set future payment e-mail reminders.
RBS WorldPay and VPS will enable individuals to pay 1040, 1040ES, 1040X, Installment Agreements, 4868, 5329 and Trust Fund Recovery Penalties.
Businesses will be able to pay 940, 941, 943, 944, 945, 1065 and 1041 taxes. Value Payment Systems provides electronic payment products and services to various industries including government and property management.

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Credit Union Portfolio Sales All But Dry Up

Credit card portfolio sales in the credit union market are grinding down to a trickle. Among CU credit card portfolios with at least $1 million in outstandings, only $4.5 million changed hands in the second quarter, compared to $190 million in the prior quarter and $20.5 million one-year ago. Portland, OR-based AssetExchange says it latest analysis also reveals that outstanding balances grew 6.3% year-on-year in the second quarter to $32 billion, slightly above 5.9% growth rate in the first quarter. Card accounts grew 2.2% over the same period to 12.3 million. Both figures are above the current overall industry growth figures. Cards as a percentage of total assets declined to 4.57% in the second quarter of 2009, down from 4.80% in 2Q/08. Credit card penetration remained approximately flat in the second quarter at 18%.
AssetExchange is a credit card advisory and brokerage firm.

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TRINTECH 2Q/09

Trintech Group integrated financial governance, transaction risk
management and compliance solutions has announced revenues of $9.9
million, an adjusted EBITDA net income of $1.5 million and a net profit
of $603,000 for the second quarter ended July 31, 2009. Revenue was down
5% Y/Y; EBITDA net income was up 595% Y/Y; cash balances totaled $17.8
million; $826,000 cash was generated from operating activities for an
increase of $945,000 Y/Y. Contributing to the positive gains, Trintech
announced recently signed software agreements with P.F. Chang’s; Mexx;
WNS Business Outsourcing; and Providence Health & Services. The Company
currently allows more than 600 companies to achieve performance
management through its comprehensive platform of account reconciliation,
accounting compliance, and financial reporting applications. For complete details on Trintech’s latest performance visit CardData (www.carddata.com).

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COUNTRY STYLE PAYWAVE

The Country Style Bakery chain has joined the ranks as a Visa “payWave”
contactless payment enabled merchant. The store will accept “payWave”
contactless payments with the intentions of providing customers greater
checkout speed and convenience. The technology allows consumers to “wave
and go” when conducting merchant transactions at over 100 participating
Country Style locations across Ontario, all of which will be equipped
with the Visa “payWave” enabled terminal by the end of summer. Country
Style Food Services coffee and baked goods franchisor has more than 400
locations across Ontario.

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