3Delta Systems Hires a Platform Exec

Online payment solution provider 3Delta has hired Pete Hamel, previously
with PE Systems, as its new VP of platform delivery. Hamel’s background
ranges from product strategy and development, operations and interchange
management to Payment Card Industry Data Security Standards (PCI DSS)
compliance, disaster recovery and business continuity. Hamel also has
extensive
experience with change management, strategic planning, business and
project management.
Previously, Hamel served as vice president of operations and corporate
security
officer for PE Systems LLC in Spokane, Washington. While there, he
managed a staff of 19 financial analysts who investigated merchant
processing accounts
to achieve cost savings by improving credit card interchange
qualifications. As
corporate security officer, he ensured PCI compliance while managing all
security-related documents, policies and procedures. Hamel held senior
level product strategy and development
positions with ExaDigm, NBS Technologies, Concord EFSnet (First Data
Corporation),
eBill and Modular Data (Global Payments). Hamel holds a B.A. in speech
and business communications from California
State University in Fullerton, CA.

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FTC Sends Refund Checks Over Catalog Card Scam

The FTC sent out refund checks last week to consumers who
allegedly had been defrauded by Integrity Financial Enterprises over a catalog credit card. The checks average more than $200, which covered more than 85% of their losses. However, the checks must be cashed within 60 days. In 2008, the FTC sued Integrity Financial Enterprises, a/k/a Infinite Financial and National Benefits Exchange, alleging that they promised consumers a “credit card” that could be used like a Visa or MasterCard for an up-front fee of $200 to $300, but which actually could be used only to buy products from the defendants’ Web site or catalog.
Integrity was sued following the nationwide “Operation Tele-PHONEY” law enforcement sweep in May 2008. A monetary judgment of more than $2.4 million was imposed on Integrity.

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AmEx Introduces an OPEN Social Network

American Express OPEN has launched the “OPEN Forum” social networking
site for business owners. At the heart of the new OPEN Forum is the
“Connectodex”, a powerful tool for American Express OPEN Cardmembers
which enables them to market their
business, find vendors and build relationships. The Connectodex
differentiates OPEN Forum from other social media sites because it
allows members to navigate a virtual rolodex of credentialed businesses
to make meaningful business connections. Coming later this summer, OPEN
Forum will introduce “The Pulse”, an
innovative feature that can help business owners harness the vast
information and collective brainpower of the popular microblogging
website Twitter in one easy-to-follow location. The Pulse section
curates and filters small-business-focused updates and allows users to
sort by industry to help make it easier to follow conversations relevant
to their businesses. OPEN Forum also showcases some best practices in
entrepreneurship
through new content from the Next New Networks and BigThink video
series. Today’s leading thinkers and innovative entrepreneurs will
provide guidance to small business owners via streaming video.

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MAY LEI

The Conference Board Leading Economic Index (LEI) for France increased
0.7% while The Conference Board Coincident Economic Index (CEI)
decreased .1% in May. With the 0.7% increase, the Conference Board LEI
for France now stands at 100.7 (2004=100), which increased 0.7% in April
and declined 0.5% in March, while the CEI now stands at 102.6
(2004=100), which decreased 0.3% in April and decreased 0.4% in March.
The positive contributors to the index include yield spread, the stock
price index, production expectations, the inverted new unemployment
claims, and building permits while negative contributors to the index
include industrial new orders and the ratio of the deflator of
manufacturing value added to unit labor cost for manufacturing.

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SKU PCCHARGE CERTIFICATION

Givex closed loop card technologies for gift, loyalty and other stored
value programs has certified its “SKU Loyalty” with VeriFone’s PCCharge
software. The “SKU (Stock-Keeping Unit) Loyalty Program” allows
merchants using PCCharge as middleware to automatically reward customers
with points, discounts or free items for the purchase of specified
products. Merchants are also allowed to track purchases using
comprehensive reporting. PCCharge middleware is a PABP-validated
solution for PC or PC-based POS systems, offering security safeguards
and anti-fraud controls to help merchants achieve PCI compliance. Givex
stored-value technology was established in 1999 to focus on driving
customer acquisition and retention programs for clients and is present
in 35 countries.

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Royal Buying Group Selects Cardtronics

Cardtronics has been selected the exclusive ATM provider for Royal
Buying Group (RBG) marketing association for convenience/gas operators
and jobbers. With these agreements, RBG will be recommending to any of
its members implementing a new or updated ATM program the Cardtronics
platform, who will in turn provide members exclusive pricing and
promotions. Representing almost 6,000 members in 50 states, RBG benefits
members by selecting, negotiating, implementing and tracking the best
possible vendor programs on their behalf. TX-based Cardtronics ATM
owner/operator oversees
33,100 ATMs across every major U.S. market, 2,575 ATMs throughout the UK
and over 2,100 ATMs in Mexico. IL-based RBG was ranked the 6th fastest
growing company by Crain’s Chicago and is listed as one of the largest
privately held companies in the Chicago area.

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Sports Authority to Accept MC PayPass

The Sports Authority sporting goods retailer will now be accepting
MasterCard Worldwide’s “PayPass” contactless payment solution at all of
its 450 store locations across the U.S. With “PayPass,” customers can
conduct retail transactions by tapping their contactless cards or
devices on electronic readers at the POS. Among those consumers with
“PayPass” cards, 77% of use it as their primary form of payment while,
as of 1Q/09, MasterCard had issued nearly 55 million “PayPass” devices,
nearly 100 times the volume issued as of 1Q/08. With these developments,
Sports Authority customers are allowed extra convenience, no longer
having to sign receipts for purchases valued under $25.

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CO-OP Network Inks 55 Deals in 2009

CA-based CUSO CO-OP Network has landed 55 new contracts for 2009.
In addition to the network, CO-OP recorded new client contracts for
other productlines, including ATM processing, card services (including customized debit
programs), shared branching, fraud protection/risk management and check
imaging. The new network agreements push CO-OP’s total number of new contracts for the
year to more than 100 across multiple business lines.
Two years ago, CO-OP introduced GPS and text messaging locator download
capabilities and free-ATM signage, making the large number of locations
easy to find. A total of nearly 3,000 credit unions, about one-third of all credit
unions in the United States, participate in CO-OP Network, a nationwide network of
surcharge-fee ATMs and one of the most recognized credit union consumer brands. CO-OP
Network gives 26 million member cardholders surcharge-free access at 28,000 ATMs
across the country, including credit union locations and retail outlets like
7-Eleven, Costco, Publix and Walgreens. Members can make deposits at more than 9,000 CO-OP
Network ATMs, many using envelope-free ATM check imaging.

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EU M-BANKING

Mobile banking complements Internet banking across the Nordic countries,
France/Benelux, Germany/Austria and the UK/Ireland. The option is seen
as a parallel channel to Internet banking in Baltic countries, Central
Europe and Iberia while it’s the main, stand-alone e-banking channel in
the Mediterranean countries and Bulgaria. The classifications for the
mobile banking potential across the EU is made available thanks to
Celent’s recent “Key Trends in Mobile Financial Services in the European
Union” study, examining penetration and growth opportunities for mobile
financial services in the EU. The study also shows mobile financial
services consist of mobile banking and mobile payments; adoption of
mobile financial services vary widely across the region; adoption
depends on Internet banking penetration, payment system sophistication
and how entrenched Internet banking is. Additional research shows mobile
payments in a “niche plus” (niche + remittances) role across the UK; a
niche role in Nordic countries, Germany/Austria, France/Benelux, Iberia,
Baltic countries and Mediterranean countries; and playing a wider role
in Central Europe and Bulgaria/Romania.

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FICO 08 Available from All 3 Credit Bureaus

The new “FICO 08” credit score will be available at all three national credit reporting agencies by the end of this month. Over 400 lenders have begun using or testing “FICO 08” scores, including five of the seven largest U.S. banks and four of the five largest credit card issuers. The strongest improvements in risk prediction over current FICO scores is achieved in key consumer segments such as those opening new accounts or having prior derogatory information. In addition, this newest generation of FICO scores includes refinements to help lenders better evaluate consumers who are comparatively new to credit. To streamline lenders’ conversion to the “FICO 08” score, the new model retains the same 300-850 scoring range, score reason codes, minimum scoring criteria, and inquiry treatment as previous versions of the score. In addition, “FICO 08” helps lenders protect against authorized-user account ‘piggybacking’ by incorporating new patent-pending technology that materially reduces the potential score impact associated with the abuse of authorized user accounts.

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JR’s POS Depot to Market Optimum & MNS

JR’s POS Depot has selected Hypercom’s “Optimum M4230” payment terminal
and is marketing the “Optimum M4230” multi-application mobile payment
terminal and Hypercom’s “Mobile Network Service” to its customers nationwide, including Signature Card Services. The high-performance, PCI-PED-approved M4230 features
long-range GPRS with dial back-up, the industry’s top security
certification, 32-bit multi-application processing for maximum
transaction speed and 24MB memory that is two to three times larger than
similar products to accommodate value-added applications such as gift
and loyalty programs. Hypercom’s global GPRS network, specifically
designed to securely deliver mobile POS transactions, provides coverage
on more than 200 GPRS networks in more than 90 countries. The advanced
high security POS network features simple, usage-based billing with no
roaming charges, fast and simple Internet-based real-time SIM
activation and 24/7 technical support.

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