BillMyParents Lands a New Director

Socialwise, parent company of alternative payment provider
BillMyParents, has appointed Mark Miller, previously with DC Shoes, as a
member of the Board of Directors. In this role, he will use his
extensive network of online merchants, Actions Sports athletes, and
industry connections to position BillMyParents as a leading youth
payment system. Miller has over twenty-five years experience working
in Action Sports and youth culture businesses. As a senior executive,
Mark focused
on developing and executing go-to-market strategies for consumer goods
companies. Most recently, he served as the Senior Vice President and
General Manager of DC Shoes, a subsidiary of Quiksilver Inc., where he
managed the Americas’ division including strategic partnerships with
both retail and online distribution channels.

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FTC Sets New Fees for Telemarketers

As of October 1st, the FTC will apply new fees for telemarketers that
access numbers on the “Do Not Call Registry”. The first five area codes
are free, and organizations that are exempt from the Do Not Call rules,
such as some charitable organizations, may obtain the entire list for
free. Telemarketers must subscribe each year for access to the Registry
numbers. The access fees for fiscal year 2010 (from October 1, 2009 to
September
30, 2010) are based on the Do-Not-Call Registry Fee Extension Act of
2007. Under
the Act’s provisions, in fiscal year 2010, telemarketers will pay $55
for access
to Registry phone numbers in a single area code, up to a maximum charge
of $15,058
for all area codes nationwide. Telemarketers will pay $27 per area code
for numbers they
subscribe to receive during the second half of the 12-month subscription
period.

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Americans Set to Pull-Back on Holiday Spend

While most retailers are resigned to very weak holiday sales, a new
survey confirms Americans plan to pull-back again this year. Only about
half of American adults plan to spend $300 or more on holiday gifts, a
10% decrease from what Americans last year said they typically spend,
according to a survey commissioned by ING DIRECT. Spending between $500
and $999 is expected to change from 25%, which
Americans in 2008 said they typically spend, to 23% this year. Spending
$1,000 or more is also projected to change from 12%, which Americans in
2008 said they typically spend, to 10% this year. The ING survey also
found that every region of the country plans to spend less this holiday
season. Additionally, The survey revealed that 84% of Americans agree
that having money in the bank makes them happier than spending money on
things they do not need.

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Perfect Credit Group Blog Introduced

Perfect Credit Group has released the first blogosphere network for
socially responsible Americans. PCG is a
non-profit organization which allows its users to post their credit
scores, when above 800, online. Perfect Credit Group provides
information, analytical tools and blogging services to
consumers who possess a FICO credit score in excess of 800. According
to Fair Isaac Corporation, less than 10% of all Americans fit into this
elite group of individuals. PCG allows its users to comment on top
stories, create blogs and
interact with each other through its “Friends Network”. Registered users
can upload images, create a profile, make friends and chat with one
another in a similar fashions to MySpace, Facebook or Twitter.

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igxglobal Recertifies Hypercom’s HBNet

Hypercom Corporation announced that its HBNet high speed transaction
transport service has again been PCI approved by network and IT security provider igxglobal.
Hypercom’s HBNet network speeds the authorization and processing of
electronic transactions for retail point-of-sale, financial, government,
health care and other customers in both the dial and IP POS markets.

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Triton Systems Has a New Headquarters

MS-based ATM manufacturer Triton Systems has consolidated its headquarters.
Triton announced in May that
it was making a sizable investment in its production facility and was
consolidating its staff from two locations in Long Beach to the larger, more modern
production facility in the Industrial Park. The consolidation of the two Long Beach
facilities has been a part of the Triton corporate plan for a number of years.
Triton also operates a facility in Memphis which houses its training,
parts and repair operations, as well as offices in Canada, the United Kingdom,
China and Australia.

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Chase Charge-Offs Edge Lower but Delinquency Iffy

Chase reported that charge-offs for its securitized credit card segment
declined by 12 basis points in July, but delinquency, the precursor of
future charge-offs, rose 30 basis points last month. Based on the Chase
data as well data reported within the last week from other top issuers,
it is likely that Chase’s managed charge-offs for the third quarter
could run about 23 basis points lower than the record double-digit
second quarter figure. July charge-offs for Chase credit card ABS
declined to 7.92% from 8.04% in June. Delinquency rose from 4.16% in
June to 4.46% for July. The managed net charge-off rate for the second
quarter was 10.03%, up from 4.98% in the prior year and 7.72% in the
prior quarter. The 30-day managed delinquency rate for 2Q/09 was 5.86%,
up from 3.46% in the prior year and down from 6.16% in the prior
quarter. Excluding Washington Mutual, the managed net charge-off rate
for the second quarter was 8.97% and the 30-day delinquency rate was
5.27%. CardData projects managed charge-offs for Chase’s third quarter
to be 9.80%. For complete details on Chase’s latest performance visit
CardData (www.carddata.com).

CHASE CARD CHARGE-OFFS
(managed)
3Q/08: 5.00%
4Q/08: 5.56%
1Q/09: 7.72%
2Q/09: 10.03%
3Q/09: 9.80% (projected)
Source: CardData (www.carddata.com)

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NEOVIA EXEC

Mark Mayhew has been appointed President and Chief Executive of NEOVIA
Financial independent online payments business, effective September 1st. Mayhew brings with him experience in senior executive roles at
NatWest’s issuing and acquiring businesses as COO, as the Head of UK
Consumer Banking at Morgan Stanley and leading CIMS individual
memberships business. Seasoned in international consumer financial
services companies, primarily with retail financial services, card
operations and payments operations, Mark also served as Non Executive
Director with Detica Group specialist technology consulting business
until its acquisition by BAE Systems. Coming to NEOVIA directly from his
role as chief executive of Debrett’s, he is also currently non-executive
Chairman of the JAC Travel Group.

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