GE Money & Serverside Offer Photocard for eBay and PayPal

GE Money has partnered with London-based Serverside Group
to offer “Photocard” customization service for eBay and PayPal credit card holders.
GE Money selected Serverside Group because of its experience in
providing card customization services to more than 200 major card
issuers globally, and the depth of its technology platform, which
includes a wide range of online marketing tools and an‘on-demand’ digital print solution.
Card holders can use a ‘card designer’ to upload their own images and
photos to personalize their cards. In addition to uploading personal
photos or images, there are a variety of other images available, such
as: scenic, wildlife, world travel, sports and ’things I love‘. No
software downloads are needed and the entire process is secure. The
first customized card is free, with each additional customization
costing $4.95. GE Money’s Retail Consumer Finance division is one of the most
successful retail credit providers with more than $30 billion in assets
and over 40 million account holders. The business unit provides private
label credit card programs, bankcards, and financial services for
consumers – all retail-branded through its retail partners.

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CompuCredit Reports $112.5 Million Loss in Q1

Atlanta-based sub-prime card specialist CompuCredit reported a first quarter 2009 GAAP net loss from continuing operations attributable to controlling interests of $112.5 million and a first quarter 2009 managed loss from continuing operations attributable to controlling interests of $121.6 million, or $2.59 per fully diluted common share, which compares to first quarter 2008 managed losses from continuing operations attributable to controlling interests of $103.3 million, or $2.21 per fully diluted common share. On January 1, 2009, CompuCredit implemented FASB Staff Position APB 14-1 “Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement)” to account for CompuCredit’s outstanding convertible senior notes. As a result, prior periods’ consolidated financial statements have been retrospectively adjusted to present them as though APB 14-1 were effective in those prior periods. CompuCredit’s management, analysts, investors and others believe it is critical that they understand the credit performance of the entire portfolio of CompuCredit’s managed receivables because it reveals information concerning the quality of loan originations and the related credit risks inherent within the securitized portfolios and CompuCredit’s retained interests in its securitization facilities. For complete details on CompuCredit’s fourth quarter performance, visit CardData ([www.carddata.com](http://www.carddata.com)).

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CyberSource Offers Integration to SAP Software

CyberSource has teamed with Delego Software to offer SAP based SaaS for “DelegoSRV” integration.
CyberSource payment experts manage all implementation, configuration, testing, connectivity,
and maintenance. Once connected to CyberSource, merchants gain on-demand access to a full
spectrum of payment management services, including global payment
processing, fraud management, and payment security services. The managed
service integration is available in two forms, Standard and
Security-Enhanced. Merchants that opt for the Security-Enhanced service
have their customers’ payment account information stored remotely in
CyberSource’s secure (PCI-DSS certified) payment data storage system,
where tokens are substituted for payment data. Merchants use these
tokens to transact, issue credits, refresh authorizations and manage
recurring billing, and in doing so safeguard sensitive payment
information from hackers and merchant employee theft.

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Triton Announces the Promotion of Karetas & Cuevas

ATM provider Triton Systems has promoted Alex Karetas to Senior U.S. Retail Manager and Stephen Cuevas to Regional Sales Manager. Karetas will take on more of a leadership role
within the retail sales division, will supervise the U.S. sales team
consisting of account executives and regional sales managers, and will
continue to manage the accounts he has built up over the years in the
Western region. Karetas, who began his career with Triton Systems in
2000, holds a bachelors degree from the University of Southern Mississippi.
Cuevas, who has more than 10 years experience in the financial industry,
will manage the accounts located within the Eastern region of the United
States in his new position. Cuevas is a graduate of the University of
Mississippi.

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USAT Reports 50% Drop in Revenues for Quarter

Wireless cash transactions provider USA Technologies has reported a decrease in revenues of
$2,308,932 compared with $4,263,512 for the fiscal 2008 third quarter
USAT processed approximately 5.7 million transactions totaling over $11.2 million as
compared with approximately 3.2 million transactions totaling over $8.9
million during the corresponding quarter of fiscal 2008, an increase of
78% in transaction volume and 26% in dollars processed. Equipment sales were
$883,318 for the quarter ended March 31, 2009, a decrease of $2,337,079
compared with $3,220,397 compared to last year. The
increase in license and transaction fees was primarily due to the
increase in the number of units on the Company’s “USALive” network. The
decrease in equipment revenue was related to key customers awaiting the
availability of the new ePort G8 and ePort Edge products, as well as a
decrease in capital spending by some customers due to the current
economic slowdown. The “ePort G8” product became available for sale at the
end of the third quarter, so it had little impact on revenue during the
third quarter and ePort Edge is expected to be launched during the
fourth quarter 2009. For complete details on USAT’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com))

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Bling Nation & IBT to Create New Payments Interface

TX-based Integrated Bank Technology (IBT) has entered into a strategic partnership with CA-based Bling Nation to create an interface with
Bling Nation’s “Community Payments Service”
enabling joint customers to save money from the elimination of transaction fees. The platform will interface with IBT’s flagship product, “Integrated Bank Environment”, to debit customer accounts. Customers will also generate additional revenue by claiming a larger share of transaction values while lowering costs for merchants. Through its Community Payments Service, Bling Nation enables financial institutions to support secure contactless payments between their local demand deposit account (DDA) customers and their merchant customers by bypassing the current global debit payment model with a local payment network.

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Capital One Small Business Offers Disaster Planning Checklist

Capital One Financial Corporation has released its updated disaster-planning checklist for businesses. In the event of an emergency, chief concerns for many businesses
include: meeting payroll obligations, paying bills, restoring critical
technology and communicating with employees, customers and suppliers. The checklist emphasizes the following points:
Develop a continuity plan that addresses post-disaster recovery procedures;
Consider alternative operational locations;
Equip backup operations sites with critical equipment, data files and
supplies;Safeguard property; Gather current contact information for employees, vendors and customers;
Develop multiple and reliable communication methods to reach employees;
Communicate details of the plan to employees;
Let customers and vendors know the business’ plan and what to expect
from the business; Develop a detailed action plan in the event of a mandatory evacuation; and
Prepare for emergency cash management to handle cash flow. Transport physical records when a business evacuates. Records should
always be kept where they can be removed quickly and easily to a safe
location. Identify which aspects of operations can be suspended temporarily and
which must be maintained. List the business tools they will need to
perform operations essential to sustaining business during a disaster
and the recovery period that follows. Review communications capabilities for maintaining contact with
employees. E-mail and text messaging should play a large role in
employee communications planning.

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Pipeline Data Acquires PayPassage

Merchant payment processor Pipeline Data has completed the acquisition of full service credit card processor PayPassage. “PayPassage’s” processing solution is offered to
U.S. merchants in the retail, wholesale, mail/phone order, commercial
and e-commerce space. The former owners of PayPassage originally owned
Paynet Systems, Inc., another successful full service credit card
processing solution to the same merchant markets. Pipeline acquired
Paynet in 2006. The former shareholders of PayPassage have formed a new
entity that has entered into an exclusive Processing Service Agreement
with Pipeline for the provision of merchant processing services.

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OKI Delivers Superior Value in POS Receipt Printing

NJ-based OKI Data Americas’ Printing Solutions brand has released the “RT322 Series” of thermal point of sale (POS) receipt printers.
The “RT322 Series” is part of the company’s label/POS product portfolio,which includes portable, desktop and enterprise thermal label printers,
and POS printers. OKI Data Americas is the only manufacturer to offer a
full-line portfolio of printer technologies, including label, POS, SIDM
and color and monochrome laser/LED and multifunction printers (MFP). Small footprint that can be positioned for horizontal or vertical use
making it conducive to environments such as retail where counter space
utilization is critical
Drop in and print paper loading that reduces end user training
requirements and downtime while processing customer transactions
Tear bar model offers customers a low cost of operation, plus an
optional cutter for increased functionality
Direct thermal printing technology provides lower consumables costs and
additional media flexibility with sharper print output
Models come with parallel, serial, high-speed USB or network
connectivity standard and interchangeable interfaces to deliver future
cost savings in the event businesses’ systems requirements change.

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Coinstar Sees Revenues Jump 42% From Q1/08

Coinstar reported that its first quarter revenues increase to $271.2 million or a 42.3% increase from the prior year period. The
EBITDA $ 42.1 million with Net Income attributable to Coinstar Inc. $ 2.0 million. The results reflect certain
non-recurring charges including employee transition
costs relating to the former CEO, net of tax, of $0.7 million or $0.02
per diluted share; expenses resulting from implementing new
standards, FAS 141(R) and FAS 160; specifically the deal costs and other
charges relating to the purchase of the non-controlling interest in
Redbox, net of tax, of $0.9 million, or $0.03 per diluted share; and
the write-off of acquisition costs in implementing new standard FAS
141(R), net of tax, of $0.6 million or $0.02 per diluted share. Earnings per share excluding these non-recurring charges for the quarter
ended March 31, 2009 was $0.14.

COINSTAR REVENUES
1Q/08: $190.5 million
2Q/08: $219.9 million
3Q/08: $240.5 million
4Q/08: $261.0 million
1Q/09: $271.2 million
Source: CardData (www.carddata.com).

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ABA Reports Reduction in Consumer Credit

The ABA has issued a formal statement regarding the 6.5% decrease in access to credit for the first quarter. The ABA statement acknowledges that “consumers are using cash,
rather than credit and even paying down loans and falling personal income combined with rising savings
rates translates rapidly into less demand for consumer credit”. Additionally, savings rates have increased from 0.5% to 4.2%
(year-over-year), which represents a shift from consumption to savings
of over $400 billion dollars annually. Retail sales also fell in March
by 9% (year-over-year), showing that the need to borrow to make
purchases is less than in previous quarters”.

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