AmEx Beefs-Up its Charge Card Programs

As the credit card business crumbles with soaring costs, American
Express is re-focusing on its charge card products, adding new features.
Among new features is the ability to set spending limits for additional
cards on one account. AmEx is also issuing the additional cardholder
cards with separate account numbers so that the entire account doesn’t
have to be closed when one card is lost. The Company is promoting the
new features to encourage families to add their teenagers (15 yrs +)to
their account. AmEx says for those over the age of 18, being an
additional cardholders on a parent’s account can build a credit history.
With the new features cardholders came receive emails or text messages
to alert them when a set spending amount is being approached or has been
reached on one of their additional cards. The primary cardholders can
also modify the spending amount anytime, online or over the phone.
Rewards are consolidated from all the cards on the account. AmEx has be
re-engineering its credit card business and reportedly paying some
cardholders to close their accounts.

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DIRECT TOP-UP

With 91% of operators intending to drive top-up transactions to
“virtual” non-cash top-up (NCTU) channels, Vesta Corporation electronic
payment solutions has released results of its recent independent
research study on prepaid top-up strategies and its value-adding
potential to the prepaid mobile market. With payment card penetration
growing exponentially across Europe, 100% of operator interviewees
intend to alter their POS systems from a bank centric to a direct
operator model, although less than 20% of the NCTU offerings analyzed
included handset-based top-up applications. The white paper, available
for download from www.trustvesta.com, concludes top-up frequency
using handset applications can be up to 80% higher than other channels
and shows implementation of a direct operator top-up strategy can bring
double digit revenue gains to reduced costs for hundreds of millions of
Euros generated annually.

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AIS Unveils a Lower-Cost Touch POS System

A new touch screen retail POS system has been unveiled with VAR pricing starting at $599. The new 15″ POS PC System is energized by the Intel “Atom N270” processor. The solution by American Industrial Systems
also features lower power consumption and fanless operation, open x86 architecture for third-party software and an optional magnetic card reader. It is powered by RS-232/USB com ports and an integrated GigaLAN Ethernet. AIS is known for its “POS2200” touch monitor/terminal which is specifically designed for harsh food service and retail conditions. A “SAW” touch screen enable employees to use a variety of interaction tools, from a finger to a pen or even a credit card. AIS specializes in designing and manufacturing LCD and embedded computing products for the industrial market, as well as ODM/OEM applications worldwide.

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OPENZONE

Cashbox is enabling all of its ATM sites as Wi-Fi hotspots, allowing
users to surf, work, game or make VoIP calls with any wireless-enabled
device using BT “Openzone”. Having inked a five-year contract with BT,
Cashbox is offering the wireless broadband service initially through
2,500 machines in Tiger Tiger sites in London, Manchester, Glasgow,
Cardiff, Digress, The Wall, Agenda, Abacus, Livery and Alibi bar
restaurants in the City of London. The 4.8 million BT broadband
customers with inclusive Wi-Fi minutes, O2 iPhone, iPass, Boingo and
other BT Openzone users now have access to 3,000 BT Openzone hotspots
included in their contracts. BT communications solutions and services
operate in 170 countries through its “Global Services”, “Openreach”, “BT
Retail” and “BT Wholesale” solutions.

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CITGO Launches the FuelingGood Promo

CITGO has launched the charitable program “FuelingGood” that rewards local
heroes with CITGO gift cards. Local community heroes submit their
personal stories of how they support their communities to
www.FuelingGood.com. Five finalists will
be selected from the entries and posted to the FuelingGood Web site. The
entry each month that receives the most votes
will win a CITGO gift card valued at a year?s supply of fuel from CITGO.
The other four finalists will win $50 CITGO gift cards.

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LML FISCAL & 1Q/09

LML Payment Systems technology for financial payment solutions has
posted 1Q/09 and fiscal year revenue ended March 31, 2009 of $3.1 million
and $12.3 million, respectively. Additional reports show LML posted a
quarterly gross profit of $1.6 million, income from operations of
$112,000 (compared to a year-ago period loss of $504,000), income before
taxes of $137,000 (compared to a year ago period loss of $1.4 million),
net income of $5.15 million (compared to a year ago period loss of $1.6
million), net cash flow from operating activities of $281,000 and
Non-GAAP net income of $328,000. Meanwhile, the annual revenue of $12.3
million for the year ended March 31, 2009 was a 9.3% gain over the year
ago figure of $11.3 million, gross profit was $6.3 million, income from
operations was $599,000 (compared to a year ago period loss of
$451,000), income before taxes was $1,034,000 (compared to a year ago
period loss of $1,606,000), net Income was $5,455,000 (compared to a
year ago period loss of $2,221,000) and Non-GAAP net income for the
fiscal year was $1.9 million. These gains throughout the fiscal year are
thanks in part to LML’s 1,500 new customers and 100 new channel sales
partners.

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Triton Executive Joins the FSPA Board

The Financial and Security Products Association has elected Mark Smith,
Senior VAR Manager with ATM manufacture Triton, to the Board of Directors.
As a part of the nine-member board of directors, Smith will help to guide
FSPA, and provide ideas and solutions in order to better position FSPA
members in the marketplace.FSPA is an independent association dedicated to
independent companies involved in the manufacture, sales, installation and
service of products sold primarily to financial institutions and
commercial markets.

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ONTOUCH

GuestLogix in-flight retail solutions and British Airways have signed
multi-year agreements for the deployment of GuestLogix “Mobile Virtual
Store”. Offering British Airways passengers an onboard retail
transaction platform, using PCI PED 2.0 certified POS handheld
terminals, the partnership agreement is focused on offering onboard
merchandising and duty-free cash/ payment card transactions to
generating and drive revenue streams. GuestLogix onboard technologies
and solutions allow airline carriers the tools to become onboard
retailers through the “OnTouch” platform for seven of the top 10 global
airlines,
serving over 30% of the world airline passenger traffic.

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Moody’s Confirms & Downgrades AmEx ABS

Moody’s has confirmed the ratings on 34 classes and downgraded the
ratings on 22 classes of subordinated asset-backed securities issued out of
the “American Express Credit Account Master Trust” and the “American
Express Credit Account Secured Note Trust”. The
securities are backed by a $35.5 billion revolving pool of unsecured
consumer general purpose bank credit card receivables originated by
American Express Co. and its affiliates.
Approximately $3.3 billion of asset-backed securities are affected.
Moody’s performance expectation for the Trust charge-off rate is 12%-15%,
principal payment rate is 21%-24% and yield is 22%-25%. This range of
expected yield performance considers the recently employed structural
feature known as discounting that will bolster yield.

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APRIL LEI

The Conference Board Leading Economic Index (LEI) for France increased
.6%, following an 18 month rate of decline total of 3.2%, while The
Conference Board Coincident Economic Index (CEI) decreased .2% in April.
With the .6% increase in April, The Conference Board LEI for France now
stands at 99.7 (2004=100), which declined 0.5 % in March and .7% in
February, while the CEI now stands at 103.5 (2004=100), which decreased
0.3% in March and decreased 0.4% in February. LEI results for the month
were attributed to positive gains in the stock price index, the yield
spread, production expectations, industrial new orders, and residential
building permits while negative contributors to the index include
inverted new unemployment claims and the ratio of the deflator of
manufacturing value added to unit labor cost for manufacturing.

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Hypercom’s T4200 Family Gains More Traction

The Phoenix Group, the largest independent distributor of POS products
and services, has inked a deal to purchase up to $6 million of
Hypercom’s “Optimum” payment products for resale to U.S. businesses. This
follows a recent deal with Central Payment Corporation to offer
Hypercom’s “T4205” to its more than 25,000 US-based merchant customers.
The “Optimum T4200” product family for North America consists of four
32-bit multi-application devices that share the same platform, user
interface and software toolkit. In May, Chase Paymentech “Class A”
certified Hypercom’s PCI PED-approved “Optimum T4205” card payment
terminal. In April, First Data issued “Class B+” certification to
Hypercom’s Optimum “T4205” with “SPOS32” software. Also in April,
Dallas-based payment processor TransFirst “Class A” certified Hypercom’s
“Optimum T4205” and “T4220” payment terminals and Apriva “Class
A”-certified Hypercom’s “SPOS32” payment software on the “Optimum M4230”
mobile payment terminal for the retail and restaurant markets.
Additionally, APACS certified the terminals in the UK. CF Library
4/9/09; 4/15/09; 4/22/09; 5/20/09; 6/9/09; 6/16/09)

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VISA & NEUSTAR

To accelerate the adoption of mobile financial services globally in an
era the electronic payments and mobile telecommunications industries
must collaborate more than ever, Visa retail electronic payments network
and the NeuStar wireless network provider have formed a strategic
alliance. Offering a reliable, scalable and secure global payment
network through carrier grade infrastructure for interconnection
services to global network operators for mobile service provisioin, the
Visa-NeuStar partnership delivers its benefits through various means.
These means include enabling new mobile channels through which Visa’s
financial institution clients can reach their customers; generating new
revenue streams through financial services such as mobile transaction
alerts; enabling delivery of mobile financial services to areas with
limited payment products and services; and improving time to market for
mobile financial services through a standardized, scalable
infrastructure. The Visa electronic payments network provides processing
services and payment product platforms in more than 170 countries.

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