EPAY PREPAID MC

Card services provider EPAY is now offering to process transactions with prepaid MasterCards
with no foreign exchange conversion
fees. This feature will save users around 3% per transaction, which is the
standard cost of conversion. Users of the EPAY service can pay merchants, employees, clients or
affiliates. With no integration fees, cost per card starts from US$4.99 and
each card has a high USD 10,000 limit. The EPAY prepaid MasterCard has been
designed to meet the needs of international companies of any size with needs
from 2 to 200,000 and more cards.

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IVERI COMPLIANCE

Mobile payment gateway provider iVeri Payment Technologies has
validated compliance with the Payment Card Industry Data Security
Standard (PCI DSS). Trustwave, the leading provider of on-demand data
security and payment card industry compliance management solutions to
businesses and organizations throughout the world, performed the PCI DSS
compliance validation. The process of compliance has taken a year to
complete with a dedicated
team at iVeri working through all the steps required to achieve the
final requirements. To validate compliance with the PCI DSS, iVeri had
to demonstrate compliance with 12 security requirements by thoroughly
reviewing its IT environment and information security policies and
procedures. To maintain their compliance, iVeri has enrolled in
Trustwave’s on-demand compliance management solution, “TrustKeeper” to
have the necessary tools to support on-going compliance such as
quarterly network vulnerability scans.

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Chase Paymentech Certifies the Optimum T4205

Chase Paymentech has “Class A” certified Hypercom’s PCI PED-approved
“Optimum T4205 “card payment terminal. The “Optimum T4205” features a
compact form factor, clear and intuitive
keypad, large 24MB memory and high speed processor for fast transactions
and multi-application support, all secured by HyperSafe32, Hypercom’s
exclusive RSA-based security infrastructure. The terminal is ideal for
smaller retailers and restaurants and can quickly and efficiently
process magnetic stripe and contactless debit and credit payments as
well as Electronic Benefit Transfer and value-added transactions
such as gift and loyalty. The device will be made
available to Chase Paymentech’s strategic partners for sale to the U.S.
retail and restaurant markets.

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MARCH LEI

The Conference Board Leading Economic
Index for declined 0.5% and The Conference Board
Coincident Economic Index decreased 0.2% in March.
Two of the seven components of the leading economic
index increased in March. The positive contributors to the index are the
yield spread and production expectations. The negative contributors to
the index are inverted new unemployment claims, the stock price index, industrial new
orders, and the ratio of the deflator of manufacturing value added to
unit labor cost for manufacturing. Building permits (residential)
remained unchanged in March. Between September 2008 and March 2009,
the leading economic index declined 5.5% (a -10.8 percent annual rate), faster than the decrease of 2.8%
(a -5.5% annual rate) during the previous six-month
period. In addition, the weaknesses among the leading indicators
remained widespread in recent months. The Conference Board LEI for France has been on a downtrend for a
year and a half now, with the six-month decline in the index at its
deepest since the 1974-75 downturn. As a result of persistent and
widespread weakness among its components, the index has fallen 9.7% from its most recent peak in October 2007.
The leading economic index
now stands at 99.1 (2004=100)

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VASCO & TH

Authentication provider VASCO has signed a reseller agreement with
Canadian-based Platinum Level Citrix Partner TH Consultants.
to resell VASCO “DIGIPASS”
authentication solutions as an add-on to the Citrix implementations. In
doing so, TH Consultants supports VASCO’s partnership program, in which
VASCO collaborates with other solution vendors. Citrix solutions
such as XenApp, XenDesktop, and Citrix Access Gateway carry the DIGIPASS
Ready logo. The authentication process for Citrix users is completely
transparent. It requires no additional log-on screens, users simply
connect to Citrix applications using their “DIGIPASS” authenticators.

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Kiosks and Enhanced ATMs Produce a 9% CAGR

ABI’s NextGen Research forecasts global markets for financial kiosks and
enhanced ATMs will grow at a compound annual rate of 9% and will include
more than 186,000 financial kiosks and nearly 2.5 million ATMs by 2013.
The report “Next Generation Financial Kiosks: No Bank, No Card, No
Envelope Required” provides detail on the market and its outlook,
including market drivers and inhibitors; detailed descriptions of
self-service financial services applications and services; an
examination of the regulatory and business challenges within
this market and profiles of leading- and cutting-edge financial kiosk
manufacturers and deployers. NextGen Research is the emerging technology
arm of ABI Research.

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NY’s Community Bank Renews NYCE Contract

NJ-based NYCE Payment Network has renewed its Network participation with
NY-based Community Bank. NYCE Payments Network is a U.S. electronic
payments network and a Metavante company, a provider of banking and
payments technology. Community Bank has $5.3 billion in assets and 148
branches across upstate New York and northeastern Pennsylvania, where it
operates as First Liberty Bank & Trust and contributes 135,000 cards
and 132 ATMs to the NYCE Network.

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V/MC 1Q/09

Transactions processed worldwide on the Visa and MasterCard networks during the first quarter grew at the slowest pace in the history of the payment card industry. Both networks had a year-on-year increase of only 6% in the number of transactions processed globally. The increase in the number of transactions processed has been generally declining since the start of the recession in the fourth quarter of 2007. MasterCard’s annual transaction growth rate was 19.4% in the first quarter of 2007, declining to 15.6% in the first quarter of 2008 and then collapsing to 5.8% in the first quarter of 2009. Visa’s annual transaction growth rate was 12% in the first quarter of 2007, rising to 15% in the first quarter of 2008 and then sliding to 6% in the first quarter of 2009. Visa processed 9.3 billion transactions in 1Q/09 for Visa, Visa Electron, Interlink and PLUS cards. MasterCard processed 5.1 billion transactions in the first quarter for MasterCard, Maestro and Cirrus cards. For complete details on Visa and MasterCard first quarter and prior performance visit CardData (www.carddata.com).

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Private-Label Credit Cards Up 3.5% in 2008

A new report estimates growth in private-label credit cards at 3.3% in
2007, bringing the market to nearly $114 billion in receivables.
However, receivables for private-label credit cards are expected to
decline by 3.5%, or $4 billion, for a total of $109.7 billion in 2008
receivables. Packaged Facts’ new report “Private-Label Credit Cards in
the U.S., 6th Edition,” found that more retailers than ever have signed
on to offer store cards that can also be used elsewhere. Co-branded
cards do not generate the kind of loyalty to a specific retailer that
traditional private-label cards do, and the retailer inevitably loses
some sales to competitors. However, the bundled-in rewards programs
require cardholders to return to the sponsoring retailer to claim their
free merchandise. Packaged Facts concludes that the forecast for private
label is more bleak than sunny, but online shopping, rewards programs,
improved customer service, stimulating usage by under-targeted consumer
groups can all contribute to growth. Issuers willing to take on more
accounts can also expand their businesses by courting smaller retailers
that don’t currently offer store cards.

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United Heritage CU Offers a Customized Visa

United Heritage CU has teamed with Dynamic Card Solutions and OH-based
card customizer DimpleDough to offer the “SmartDesign Visa Debit Card”.
The personalized unembossed cards are made possible with DCS’ patented
CardWizard instant issue software and new FCP 20/20 flat card printers,
integrated with DimpleDough’s card management platform. Located at each
branch, the technology combination instantly issues a personalized
unembossed debit card to United Heritage’s members at the time of their
visit. DCS’ CardWizard software transfers all
personalization data to the FCP 20/20 where the highly personalized card
is securely and immediately printed in brilliant, high-definition color
onto both sides of white blank card stock. United Heritage holds $595.3
million in assets, over 52,000 members and 11 locations.

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Bango Intros a New Mobile Payment Product

Mobile payment provider Bango has launched the “Bango Credit Card
Payment” product. With Bango, anyone can offer credit card payment to
their mobile visitors and refine their product offer, pricing and
consumer experience, with the flexibility to upgrade to operator billing
through Bango when they are ready. Using a network of credit card
processors, Bango collects payments worldwide in multiple currencies and
languages, from all handsets, networks and mobile internet connections.
To add credit card payments to their mobile site, users go online at
www.bango.com/creditcard and set up “Bango Credit Card
Payment” in minutes. It can be upgraded to include operator billing for
suitable services.

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