Navy FCU Renews Metavante Processing Deal

The Navy Federal Credit Union has signed an early renewal for processing
services with Metavante. Navy Federal will continue using
Metavante Merchant Services to offer credit and debit card payment
acceptance services. Navy
Federal’s Small Business Services specializes in meeting
the unique needs of small business owners who are Department of Defense
employees — active duty, retired and civilian — as well as their
families. Metavante offers an
ATM/PIN-debit network in NYCE, mobile financial services, online bill
pay, government payments, credit and debit payment cards,
merchant-issued and network-branded prepaid cards, as well as automated
clearing house (ACH) and check image processing. Navy Federal Credit
Union is the world’s largest natural person credit
union with $40 billion in assets, 3.2 million members, 178 branch
offices, and 7,100 employees worldwide.

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Americans Concerned Over Data Usage Ethics

Less than 28% of consumers are confident companies collecting data from them for marketing purposes use the information in an ethical manner while 34% weren’t sure. Thirty-eight percent were positive firms do not use the information ethically. Most considered the privacy of data collected about them important, 41% of whom felt this way all along while 58% said their opinions about personally identifiable information have changed. The survey by Kognitio also shows 69% are willing to allow companies to collect some limited personal data through card programs and online accounts; only 3% of respondents would be comfortable with data being shared amongst companies if it makes their shopping experience better and more convenient; 59% were willing to allow companies to identify them on a regional basis, such as by zip code or demographics; and 57% would not want marketers to use the technology to identify them on a house-by-house basis.

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Microsoft Dynamics POS 2009 is Launched

Microsoft has launched its “Microsoft Dynamics POS 2009” flexible, scalable POS solution allowing midmarket companies and retailers to provide customer service and drive employee productivity. Building on Microsoft “Dynamic Business Promise,” “Microsoft Dynamics POS 2009” offers strategic use of flexible business applications. The POS solution offers retailers a customizable user interface allowing employees access to critical information, such as inventory levels and purchase history, is optimized for touch screens, can be tailored for specific individuals and the ability to create custom buttons for
completing common tasks. New features available through “Microsoft Dynamics POS 2009” include “Smart search” information searching; Security-enhanced payment processing; a software development kit allowing partners to develop add-on solutions; and Real-time inventory management and flexible reporting tools.

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Heartland Payment Systems’ Q2 Revenue Up 14%

NJ-based Heartland Payment Systems posted a second quarter GAAP net loss of $2.6 million. However, total revenue for 2Q/09 was up 14% to $417.4 million, compared to 2Q/08. The processor spent more than $19 million to resolve claims related to the January processing system intrusion. Net revenues in the second quarter were $106.6 million, an increase of 14.1% compared to $93.4 million in the second quarter of last year. Small and mid-sized merchant (SME) transaction processing volume was down 0.6% to $15.2 billion. Net revenue also grew due to the contribution from Network Services, which generated 728 million transactions in the second quarter compared to 256 million transactions contributed in June of last year. Heartland also noted that same store sales contracted at 9.7% for the quarter, the largest such decline in its history. The Company also reduced its guidance for fiscal 2009. For the full year 2009, it now expects net revenue (total revenues less interchange, dues and assessments) to grow in the area of 10%, to between $420 and $425 million. For complete details on Heartland Payment Systems’ second quarter performance visit CardData (www.carddata.com).

HEARTLAND PAYMENT SYSTEMS REVENUES
2Q/08: $395 million
3Q/08: $425 million
4Q/08: $386 million
1Q/09: $372 million
2Q/09: $417 million
Source: CardData (http://www.carddata.com)

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NXP EXEC

Anthony (Tony) Sabetti has been appointed senior director for business
development, strategy and marketing to oversee the identification
business in North America for NXP independent semiconductors. Tony will
work closely with influencers, stakeholders ID customers, system
integrators, service providers and implementers for the various ID
ecosystems to focus on further developing US ID business opportunities
and drive the development, penetration and commercialization of NXP
technologies. He comes to his new role as the VP of RF Solutions at
Sirit, where he was responsible for the emerging supply market, after
more than 20 years with Texas Instruments in various strategy and
marketing positions. NXP semiconductors was founded by Philips over 50
years ago, employs 29,00 in more than 30 countries and posted sales of
USD 5.4 billion in 2008.

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MC Q2 INTL

MasterCard reported that second quarter purchase dollar volume (PDV) increased in all of its regions except the U.S. and Canada. In the Asia Pacific Middle East Africa (APMEA) region PDV rose 16%, Latin America was 11% and Europe posted a 3% gain in the second quarter, compared to 2Q/08. Worldwide, MasterCard’s PDV was down 70 basis points to US$450 billion. In the APMEA region there are 256 million cards that generated more than 1 billion purchase transactions in the second quarter for a total PDV of US$77 billion. In Latin America MasterCard has 118 million cardholders who charged US$22 billion in purchases during 2Q/09. Europe, with 196 million MasterCard users, generated US$130 billion in Q2 PDV among 1.7 billion transactions. At the end of the second quarter MasterCard had 716 million credit cards and 242 million debit cards worldwide. For complete details on MasterCard’s second quarter performance visit CardData (www.carddata.com)

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Walmart Renews GE Credit Card Contract

GE Money Retail Consumer Finance has inked a multi-year contract renewal
for the Walmart credit card program across the US and Puerto Rico.
Renewing the 10-year-old agreements, which started with the “Walmart
store card,” the Walmart consumer card program now provides cardholders
store, co-branded, commercial and community card programs. These
multiple programs offer such features as; no annual fee; up to 1% cash
back on the “Walmart co-branded dual card”; 3 cents discount per gallon
on gas at participating Walmart and Murphy gas stations; 12-month
special financing offers; $0 fraud liability; flexibility to choose the
monthly payment due date; and up to $100 cash back at the register. GE
is the banking partner with Walmart on the Walmart MoneyCard, has over
$30 billion in assets and over 40 million account holders.

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Surfrider Foundation Visa is Launched

The Surfrider Foundation and CardPartner have partnered to launch the
“Surfrider Foundation Visa Platinum Rewards” credit card. The “Surfrider
Foundation Visa Platinum Rewards” cards offer cardholders a list of
benefits. These benefits include; No annual fee; 0% APR on purchases and
balance transfers for the first six months; points earned at hundreds of
retailers; 15 bonus points per dollar at select merchants; points
redeemed for FREE airline tickets and merchandise; purchase protection;
zero liability protection for unauthorized purchases; emergency cash and
card replacement; and 24-hour roadside assistance. The Surfrider
Foundation receives $50 and a percentage of all purchases for everycard
activated.

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BARCLAYCARD 1H/09

Barclaycard reported a pre-tax profit for the first six months of 2009 of GBP 391 million, a 1% gain over the year ago period. Net interest income increased 72% to GBP 1,357 million driven by strong growth in international average extended credit card balances, up 93% to GBP 8.1 billion, and lower funding rates as margins improved to 9.06%.
Barclaycard International profit before tax decreased 41% to GBP 59 million. Strong income growth driven by higher average extended credit balances was more than offset by impairment growth and increased operating expenses. International customers grew by 46% to 11.8 million primarily in the second half of 2008, including a 36% increase in the U.S. Total assets decreased 5% from year end 2008 to GBP 29.5 billion, reflecting the appreciation of Sterling against the US Dollar and Euro, the decision to stop writing new business in FirstPlus and tighter lending criteria. For complete details on Barclay’s first half performance visit CardData (www.carddata.com).

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CARTES ASIA

The first edition of CARTES in Asia will take place in Hong Kong on
March 16th-18th, 2010 at the AsiaWorld-Expo. The exhibition will feature
conferences allowing smart technology industry leaders to demonstrate
their innovations. The CARTES exhibition also gives the the more than
100 attending industry leaders a forum on which to meet the 2,500
visitors and decision makers from across the Asia Pacific region. CARTES
has promoted card technologies and hosted international card business
events since 1986. Strong partnerships with main regional media and
associations allow CARTES in Asia to benefit from strong support of
major regional associations, authorities and local development agencies
and gather all the components of the smart technology value chain
throughout the region.

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Amplex to Distribute ExaDigm Terminals

CA-based ExaDigm wired, wireless and integrated payment solutions has
partnered with Amplex serialized prepaid product and government issued
stamps. The partnership makes available the ExaDigm line of POS
terminals for purchase through Amplex as of August 1, 2009. The ExaDigm
terminals include the “XD1000” countertop, the “XD2000” mobile terminal
and eventually the “XD2100SP” mobile terminal. Amplex provides
nationwide “box and ship” distribution services for ExaDigm’s products
from there centralized facility. ExaDigm terminals will benefit from
value added services, which include; same day shipment; strategic
distribution location; 24 hour customer service; and dedicated account
management. ExaDigm provides innovative technology-focused solutions
enabling businesses worldwide to expand revenues, reduce costs and boost
productivity while Amplex provides secure order procurement, fulfillment
and distribution of products and services to major retailers nationwide.

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Public SB Intros a Low-Cost Secured Visa

PA-based Public Savings Bank has streamlined the application process for
its Visa secured credit card program.
Customers can deposit anywhere between $300 and $10,000 into a Public
Savings Bank FDIC-insured deposit account. The card functions like any
other credit
card where the customer can make purchases or take cash advances up to the
deposited credit line amount. Payments are reported to all 3 major
credit bureaus thus
establishing the credit history. The secured card features 0% APR on
purchases for
the first six months. Additionally, there is no annual fee for this
card. Both
features are highly unique to secured credit cards.

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