Mobile X Platform Integrates in MS Dynamics POS

OR-based mobile POS solution provider New West Technologies has
integrated the “Mobile X Platform” into Microsoft Dynamics POS 2009.
The new MXP is portable and ready to take Dynamics POS 2009 retail to
the next level with the ability to customize mobile according to POS
experience and behavior. This easy, efficient and cost effective
solution starts simple for the entrepreneur and scales, able to grow
with the business need. MXP is targeted towards industry needs and designed to be customizable
according to your retail specifics and reporting needs.

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T4200 & M4200

Hypercom Corporation has been certified for its 32-bit multi-application
“Optimum T4200” and “M4200” countertop and mobile payment terminals with
the GIE Cartes Bancaires national French payment authority. With this
certification, Hypercom is launching its campaign for the “Optimum
T4200” product series across the country. As France’s top card payment
solution providers, the Hypercom GIE Cartes certification is in addition
to Optimum PCI PED security approval, MasterCard Payment Terminal
Security approval for IP and wireless communication and EMV Level 1 & 2
certifications for chip card transactions. Hypercom global payment
technology offers high security, end-to-end electronic payment products
and services for high security electronic transaction needs for
businesses in more than 100 countries.

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Aite Analyzes Merchant Acquiring Opportunities

A new Impact Report from the Aite Group focuses on three opportunities
that the merchant acquiring industry, card issuers and network should
jump on.
These opportunities include capturing wallet share from other payments
types, increasing merchant satisfaction, and looking at opportunities
from terminal sales and banking-product cross-selling. While ISOs and
acquirers face a decline in the volume of transactions
processed due to reduced consumer spending, opportunities do exist in
merchant acquiring. In particular, ISOs and acquirers need to increase
wallet share, change merchants’ behavior at the POS, and better engage
existing merchants in order to increase their satisfaction level.
Aite Group is a leading independent research and advisory firm focused
on business, technology and regulatory issues and their impact on the
financial services industry.

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SCL & GLOBALPLATFORM

Seoul-based Smart Card Laboratory (SCL) international smart card
solutions provider has joined the GlobalPlatform international
specification body for smart card infrastructure as an ‘Observer
Member.’ With its membership, SCL is allowed to closely track the
debates and activities of all GlobalPlatform card, device and systems
technical committees, is given the opportunity to contribute to various
‘Mobile Task Force’ initiatives and participate in its Advisory Council,
which provide members with direct access to the Board of Directors.
GlobalPlatform is a member driven association with cross-industry
representation from all world continents with an estimated 305.7 million
smart cards deployed while Smart Card Laboratory smart card solution
offers a wide range of products and solutions related to smart cards.

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BARLAYS & VISA

Visa has awarded Barclays Bank Egypt for its marked increase in issued
credit cards and volumes, all the while maintaining quality customer
service. Barclays Bank Egypt end to end customer service focuses on its
‘Customer Life Cycle’, beginning with their first contact until the
clients conduct their first transaction with their Barclaycard. The
division is also committed to receiving customer feedback through post
purchase calls for 100% of its new customers to make sure that they have
all the necessary information. Barclays Bank Egypt growth in the credit
card market is part of a comprehensive plan for growing with the entire
retail sector and is committed to investing greater efforts to expand in
the Egyptian market for raising the awareness of the importance of
plastic card payments.

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Hispanics Avoid the Great Recession Impact

Hispanic households across the country are absorbing the impact of the
recession differently than other American households. Given Hispanics
spend an average of $115 weekly on groceries, more than any ethnic
group, Hispanics are not dining out less frequently like 52% of the
population because the majority never dined out often before the
recession. Also, Hispanics increased their entertainment spending in
2007 and 2008, with such services as movie-at-home, 40% to have no type
of account with a bank, compared to only 21% of non-Hispanics, while
less than half have credit cards. This research, thanks to Mintel,
however shows 76% of Hispanics are only in fair/poor shape while only
31% feel secure financially.

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MerchantWARE TransPort System Introduced

Merchant Warehouse has introduced the “MerchantWARE TransPort”
PA-DSS compliant POS system. “MerchantWARE TransPort” allows point-of-sale developers to remove the
card processing function entirely from their software while retaining
full functionality through a “transaction portal.” The PA-DSS audit
scope may be reduced or eliminated by delegating all of the sensitive
portions of payment processing to “MerchantWARE TransPort”.
Once integrated into a point-of-sale system, “MerchantWARE TransPort”
assumes all of the duties of handling sensitive payment data so that the
POS system never comes in contact with it. When a card is swiped,
cardholder data is collected, prepared, and transmitted via SSL to
MerchantWARE’s secure payment gateway, where it is processed and an
authorization token is automatically sent back to the POS system.

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OPTIMA & DOLLAR

Dollar Financial international financial services for the unbanked and
under-banked has acquired Poland-based Optima consumer lending business,
initially purchasing a 76% share for approximately $5.4 million. Founded
in 1999 and headquartered in Gdansk, Optima offers unsecured loans of
generally 40 – 50 week durations, averaging $250 to $500 and featuring
in-home disbursement and collection servicing, a practice well accepted
within Eastern Europe. Customer sales and service activities are managed
through the Optima network of commission based representatives across
Poland. Additional terms of the acquisition agreements provide Dollar
Financial the option to purchase the remaining minority holdings in
three years and will assume the $6.3 million outstanding indebtedness
while Optima’s existing shareholders and senior management will retain
the remaining 24% aggregate ownership interest.

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MAY LEI

The Conference Board Leading Economic Index (LEI) for Korea increased
for the 4th consecutive month by .7% while The Conference Board
Coincident Economic Index (CEI) increased .6% in May. Having increased
1.2% over the past 6 months, the Conference Board LEI for South Korea
now stands at 104.0 (2004=100), which increased 2% in April and .4% in
March, while the CEI now stands at 107.1 (2004=100), which increased
0.7% in April and increased 0.8% in March. LEI results for the month
were attributed to letter of credit arrivals, value of machinery orders,
real exports FOB, the (inverted) index of inventories to shipments, and
stock prices while negative contributors include private construction
orders and the (inverted) yield of government public bonds.

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DCS Integrates Verient’s InfiniPAY

Dynamic Card Solutions and CA-based payment solution provider Verient have teamed to offer a payment
customization program. By combining DCS’ “CardWizard” instant issue
software and Verient’s flagship “InfiniPAY payment customization
platform, financial institutions can now instantly offer their customers
highly tailored multiple payment products from a single cardholder account.
DCS’ patented CardWizard software and Verient’s patent-pending
InfiniPAY™ platform can be securely integrated into financial
institutions’ card management systems and online banking portals.
Consumers can simply sign on to their banking website and, through
Verient’s software application, create a “Made-to-Order” payment product
with the features and parameters they require.
Delivery of the “Made-to-Order” payment card is simple. Once the payment
controls and parameters have been set up by the customer, Verient’s
InfiniPAY™ platform works in conjunction with DCS’ CardWizard instant
issue software and associated hardware to instantly issue the card or
other payment form factor at the branch location. DCS’ CardWizard
software interacts with Verient’s InfiniPAY™ platform to securely
transfer all the data and then personalize it onto an associated
plastic, fob, sticker or other NFC-chip enabled device. Customers can
simply walk into their full service location and immediately receive
their “Made-to-Order” payment product. Customers will be able to
use any of their accounts, such as credit card, checking, savings or
home equity line of credit, and can create multiple payment products in
a variety of form factors, including a physical card, contactless
sticker or NFC chip on a mobile phone.

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Consumer Credit Scores Stable in June at 674

New tracking reveals that for the third consecutive month the percent
of credit scores rising has tapered off and more consumers are seeing
their credit scores remain stable. About 38% of consumer credit scores
have gone up, 28% have gone down, and 34% remained the same during June.
The current average U.S. consumer credit score is 674, which is the same
as in May. Credit Karma’s “U.S. Credit Score Climate Report” found that
the South region had the highest percentage of increasing credit scores,
while Midwest consumers continue to have the
lowest amount of debt. In June, the average consumer with debt had:
$6,938 in credit card debt; $206,427 in home mortgage loans; $54,370 in
home equity loans; $14,539 in auto loans and $27,201 in student loans.

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