Visa Adds $700MM to its Litigation Escrow

Visa will deposit $700 million into the litigation escrow account to
maintain its “Retrospective Responsibility Plan”.
Under the terms of the Plan, when Visa funds the litigation escrow, its
U.S. financial institutions, the sole holders of Class B shares, bear a
corresponding financial impact via a reduction in their as converted
share count. As a result, the deposit of Loss Funds has the effect of a
repurchase by the Company of $700 million of Class A Common Stock on an
as converted basis.

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Firethorn Solution Becomes PCI DSS Compliant

Firethorn Holdings now meets PCI Data Security Standards (DSS) thanks to
the latest enhancements to its mobile banking and payments application.
These enhancements are to reinforce mobile commerce options and
point-of-sale transactions with security and payment card data
protection through the encryption of account information at rest or in
transit, consistent monitoring for malicious activity, providing
security awareness training for support staff and routine security
assessments of mobile services. In relocating its mobile services
operation to a protected data center with 24/7 support for its services,
Firethorn is a Qualcomm company and is now able to meet the rigorous PCI
DSS requirements, which was developed by the founding payment brands of
the PCI Security Standards Council to facilitate the broad adoption of
consistent data security measures.

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Visa Signature Adds Special Fandango Access

Visa has entered into an agreement with movie ticket broker Fandango to offer
Visa Signature cardholders online access to exclusive movie
ticket offers including discounts and advance screenings. Visa Signature cardholders will receive
special ongoing discounts and offers on movie tickets. Cardholders can
currently enjoy a limited number of monthly “two for one” movie tickets
to any movie in any theater serviced by Fandango. Cardholders purchase
one or more movie tickets at www.fandango.com/visasignature with a valid
U.S.-issued Visa Signature card and receive one complimentary movie
ticket to the same showing. Visa will host complimentary advance
movie screenings in select cities giving Visa Signature cardholders
exclusive access to some of the most anticipated new films before they
open in broad release. Cardholders will be able to check out the latest
offers at www.visa.com/signature, reserve tickets with their Visa
Signature card and enjoy a free popcorn and beverage when they arrive at
the theater.

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Pipeline Data Files to Suspend SEC Reporting

Payment processor Pipeline Data Board of Directors has voted to approve
the voluntary termination of the registration of its common stock.
In accordance with the resolutions adopted by its Board of Directors,
the Company
will file a Certification and Notice of Termination of Registration on
Form 15 with the Securities and Exchange Commission (SEC) to effect this
termination. The Company is eligible to deregister its common stock as
it had fewer than 300 holders of record of its common stock at the
beginning of its fiscal year. The Company’s obligation to file periodic
and current reports with the SEC, including Forms 10-K, 10-Q, and 8K,
will then be immediately suspended. Pipeline Data expects that the
deregistration of its common stock will become effective 90 days after
the date of filing of Form 15 with the SEC.

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TransEngen and Origin Healthcare Partner

Healthcare transaction processor TransEngen has partnered with CT-based Origin
Healthcare Solutions to
help providers collect patient payments more efficiently to reduce
billing and collection efforts, improve cash flow and reduce bad
debt.”Origin Manager”, OHS’s recently
introduced practice and clinical management solution, leverages the
TransEngen platform to capture and store
patient bank account or credit card information securely to collect a
one-time payment or for use in processing future payments. The
integration eliminates the need for duplicate data entry, large bulky
credit card machines and extra phone lines. Co-pays, deductibles and
self-pay are easy to collect at the time of service, as are partial
payments and past balances. Also available to clients is the Account on
File service. Account on File provides the ability to securely store a
patient’s form of payment, and capture authorization to access funds for
future transactions or recurring payment plans, dramatically improving
patient collections.

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Century Payments Hires a New CFO

TX-based payment processor Century Payments has tapped Christian Fadel,
previously with Sage Payment Solutions, as its new CFO. Fadel brings a
great deal of finance experience and industry relationships to Century
and he will be responsible for all of the
company’s accounting and financial matters and will also be
closely involved with Century’s acquisition activities. Fadel previously
served as CFO of Sage Payment
Solutions, an electronic payment-processing and merchant services
company based in North America. Prior to joining Sage, Fadel was
SVP, Finance of Verus Financial Management, Inc., a
payment processing business that closed six acquisitions and was
ultimately sold to Sage Software for $325 million in 2006. Prior to
joining Verus, he was Chief Financial Officer of Network 1
Financial Corporation, a provider of end-to-end payment solutions for
e-commerce, retail, and wholesale businesses.
Fadel is a CPA, and he received his Masters degree in Business from
Georgetown University and his Bachelors degree in Accounting from
Stephen F. Austin State University.

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ALSTOM & ACS

Affiliated Computer Services'(ACS) public transport division has signed
agreements with Alstom to supply its intelligent ticketing system for
the new Persian Gulf 13-station tram line. Scheduled to commence
commercial service in early 2011, ACS will be equipping the tram system
with a 100% contactless ticketing solution compatible with the
interoperability standards set by the Dubai Roads & Transport Authority
(RTA) for all public transport in the Emirate, including buses, metros,
trams and waterbuses. ACS will supply all validation terminals, control
terminals and vending machines capable of issuing and recharging
contactless cards and selling single-use contactless tickets through its
own central management system. ACS public transportation technology
services reach into 30 countries while ACS employs 74,000 people
supporting client operations in more than 100 countries.

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Fiserv Names a New EVP/CIO

WI-based financial services provider
Fiserv has tapped Maryann Goebel, previously with DHL, as EVP/CIO
Previously, she served as
executive vice president and CIO for DHL Express in Bonn, Germany where
she managed an organization of 1,500 employees with responsibility for
service delivery in more than 200 countries. Maryann has multiple
experiences managing very large, complex technology organizations where
technology was a key enabler in defining the markets in which those
companies conducted business. Prior to DHL Express, she held executive positions with a variety of
sophisticated technology organizations including seven years
cumulatively with General Motors, where she rose to CIO, North America,
and CIO for GM Europe. Goebel earned a Bachelor of Science degree in mathematics from Worcester
Polytechnic Institute.

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GE Money to Issue the Art Van Card

GE Money has signed an agreement to provide MI-based furniture retailer
Art Van a private label card. The multi-year agreement will
provide consumer financing through the home furnishing retailer’s 30
locations and online store via “The Art Van Card”, issued through GE
Money’s Sales Finance unit that provides
flexible financing promotions and extended terms, including no-interest
and minimum payment plans.

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MasterCard PayPass to Top 60MM Cards/Devices WW

The number of “MasterCard PayPass”-enabled cards and devices has soared by 62% over the past year after more than doubling between 2Q/07 and 2Q/08. The number of global merchants accepting the contactless payment option has grown by 46% during the same period. At the end of the first quarter there were 55 million “MasterCard PayPass” cards and devices in use worldwide, compared to 28 million for 1Q/08. At mid-year 2009 it is estimated there are 60 million “MasterCard PayPass” cards and devices, compared to 37 million for mid-year 2008 and 17 million for mid-year 2007. At the end of the first quarter there were 146,000 global merchants accepting “PayPass.” MasterCard reports that the top merchants that have received a visit from a new customer because of their “PayPass” acceptance include quick-service restaurants (20%), pharmacies (17%), and supermarkets (13%). A 2009 survey found that 77% of consumers that have a “PayPass”–enabled card or device use it as their primary form of payment, which demonstrates its ability to bolster relationships for financial institutions with cardholders. (CF Library 3/19/09)

PAYPASS CARDS/DEVICES
1Q/08: 28 million
2Q/08: 37 million
3Q/08: 44 million
4Q/08: 50 million
1Q/09: 55 million
Source: CardData (www.carddata.com)

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U.S. POS Recycled Thermal Paper Introduced

FL-based POSPaper.com has introduced recycled thermal paper rolls.
Recycled thermal paper consists of 50% post-consumer waste.
Its performance and quality of printing contrast are both
very good. While slightly less bright than non-recycled thermal paper,
printing on recycled paper is very dark black and legible.
POSPaper.com is an leading Internet provider of point of sale paper and
credit card supplies in the United States.

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