JUNE LEI

The Conference Board Leading Economic Index (LEI) for Germany increased
for the third consecutive month by 1.1% while The Conference Board
Coincident Economic Index (CEI) increased 0.1% in June. With the 1.1%
increase in June, The Conference Board LEI for Germany now stands at
88.1 (2004=100), which increased 0.8% in May and increased 1.2% in
April, while the CEI now stands at 101.6 (2004=100), which increased
0.2% in May and decreased 0.2% in April. Germany LEI positive
contributing factors include consumer confidence; new orders in
investment goods industries; yield spread; new residential construction
orders; inventory change series; and stock prices while the only
negative contributors include gross enterprises and properties income.

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Target Q2 Credit Card Charge-Offs Top 12%

Target reported that pre-tax profit for its credit card segment declined 15% in the second quarter to $63 million, compared to the year ago quarter, but significantly higher than the first quarter’s $39 million. Charge-offs rose to 12.1% in the second quarter, compared to 11.9% in the first quarter and 7.6% one-year ago. Quarter-end receivables decreased to $8.3 billion, compared to $8.5 billion in prior quarter. Delinquency (60 day) declined to 5.8% for 2Q/09 compared to 6.1% in the first quarter. Delinquency (90 day) also edged down to 4.1% from 4.4% in 1Q/09. Target says that the reduced credit card segment profit in the quarter was the result of Target’s reduced investment in the segment and lower floating interest rates, partially offset by improved portfolio performance. Target also notes that its pretax return on invested capital from its investment in the credit card segment increased to 8.8% in the second quarter from 8.2% in 2008. For complete details on Target’s latest performance, visit CardData (www.carddata.com).

TARGET CARD LOAN HISTORICAL
2Q/08: $10.22 billion
3Q/08: $8.745 billion
4Q/08: $8.764 billion
1Q/09: $8.457 billion
2Q/09: $8.293 billion
Source: CardData (www.carddata.com)

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Check City to Distribute NetSpend Cards

Prepaid card provider NetSpend has entered into a distribution agreement with check cashing service
Check City as its exclusive prepaid debit card
provider. In conjunction with the exclusive distributor agreement, Check City will
work with NetSpend to convert customers previously served by Check
City’s in-house prepaid product to the NetSpend card. Check City NetSpend
cardholders can reload their cards at the 70 Check City stores and at
approximately 90,000 other locations throughout the country. Cardholders
also have access to free direct deposit, online bill pay and
card-to-card transfers. Check City provides the
community with an array of short-term financial services throughout its 70
locations in Utah, Nevada, Virginia, Maryland, and Colorado.

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Aesthology Offers Money Diary iPhone App

Mobile software developer Aesthology has rolled out the “Money
Diary”money organizer app for iPhone and iPod Touch
Designed to be used with currencies anywhere in the world, “Money Diary”
is ideal for everyday use for consumers all around the globe. “Money
Diary” gives users the power to manage both income and expenses;
use graphs and charts to assess status in multiple categories; enter
data quickly; access features such as recurring income/expenses,
carry-over and
built-in calculator; take a photo inside the application and attach it to
expense/income data; customize payment methods, categories and currencies;
export CSV files via web browser on Mac or PC and backup and restore
data in Mac or PC via Money Diary Sync.

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MyECheck Q2 Processing More Than Doubles

Alternative payment processor MyECheck experienced a 140% growth in
transactions compared to last years second quarter.
The Company processed 884,502 transactions totaling $36,891,402.63 for
the three months ending June 30, 2009 compared to 425,208 transactions
totaling $15,372,749.39 for the same period in 2008. Compared with Q1
2009, the Company grew processing volume by over 33%
and grew revenue by over 37% in Q2 2009.
MyECheck also announced a number of larger clients in the second quarter
including Regal Entertainment Group, Simplifile and The Small Business
Network with over 175,000 members signed. Edward Starrs, C.E.O. of
MyECheck, noted that the Company is starting to attract larger revenue
potential clients and that the sales pipeline was expanding.

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Paid’s ShopCart Adds Google Checkout

Brand manager Paid has added Google Checkout to the AuctionInc ecommerce
software platform.
Paid’s integration with Google Checkout enables customers to make
online purchases with a single click without having to give the vendor
sensitive payment and personal data. The convenient and safe Google
Checkout platform stores the customers’ credit card numbers and shipping
information, plus offers fraud protection, providing streamlined,
worry-free Internet shopping for customers of vendors choosing to offer
the Google Checkout option. A unified page tracks a customer’s purchases
and status on all Google Checkout-compatible merchants – an additional
convenience and incentive for customers shopping on multiple sites.
Current AuctionInc customers will be able to use Google Checkout on
ShopCart immediately simply by changing their checkout options. If they
prefer, they can continue to use PayPal for checkout, or even offer both
options. AuctionInc is offering a free two-week trial so sellers can
determine whether Google Checkout on ShopCart meets their needs.

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FDC Unveils a Battery-Powered Wireless Terminal

First Data has unveiled a low-cost, battery-powered, wireless POS
terminal for merchants who do not have constant access to both a power
source and communications. The new “FD400” is suited for on-the-go
merchants such as taxis, limousines, home delivery, farmer markets, and
in-home and onsite services. The terminal features long battery life and
runs on 3G wireless protocol. Other features include an over the air
software download ability as well as a built-in, rechargeable battery,
store-and-forward capability for offline capture and upload of
transactions in non-coverage areas and a compact form factor, which is
small enough to fit in a coat pocket. The new terminal handles credit,
debit, gift card, loyalty, check and electronic benefits transfer.

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UCCU to Deploy Fiserv’s Card Gateway Service

MO-based United Consumers Credit Union is implementing Fiserv’s gateway service for credit
card transactions. UCCU chose the gateway service to consolidate its
card based offerings and leverage a total
Fiserv solution. As part of its processing core competency, Fiserv offers the industry’s
most complete and secure card-production services, including design,
production, embossing, personalization and encoding capabilities. Fiserv
operates more than 19,000 ATMs nationwide and currently processes
approximately 600 million credit, debit and ATM transactions per month,
making it one of the largest transaction processors in the nation.
With the credit gateway service, Fiserv acquires credit transactions
directly from Visa or MasterCard and forwards them to issuers or their
core processor for host authorization. United Consumers is the 10th
largest credit union in the state of Missouri and has assets of over
$100 million.

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