ORCC Introduces a Disbursement Solution

Online Resources’ eCommerce Services unit has introduced a disbursement solution. The disbursement solution satisfies a range of applications across a variety of industries including mortgages, credit cards, insurance, utilities, health care and others. Typical uses include refunds, rewards payments, credit card balance transfers, settlements, escrow payments, insurance claims, royalty payments and flexible spending account reimbursements. Online Resources manages end-to-end payment origination, clearing and settlement, reconciliation, exception processing and escheatment. Compared to in-house processing, clients typically reduce their processing costs by 30 percent or more, due in part to Online Resources’ network of over 6,000 electronic biller endpoints that provides faster, more efficient and accurate payment posting. Satellite TV provider DIRECTV is one of five major billers that implemented the service in the first quarter.

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Consumer Direct Introduces Smart Credit

CA-based Consumer Direct has launched the online tool “Smart Credit”
that allows consumers to immediately address items on their
credit reports that may impact their credit scores. By taking “Smart
Actions” to correct errors, customers can request goodwill corrections
or debt settlements and lock their credit reports to prevent identity
theft without spending hours on the phone with each credit bureau and
creditor. For a limited time, “Smart Credit” will be available at an
introductory rate of $19.95 per month for the basic membership and
$29.95 for premium.

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M-Payment Transactions to Soar by 2012

A new study projects that global m-payment transaction volume will soar
to $250 billion by 2012. The worldwide number of users of mobile banking
and related services is forecast to grow from 20 million users in 2008
to reach 913 million users in 2014. Asia-Pacific is expected to become
the most important regional market, accounting for 65% of the total user
base. The Arthur D. Little research found that in many national markets,
only one or two dominant mobile payment platforms (e.g. the paybox
platform in Austria) have prevailed, and key issues now being addressed
include cross border interoperability and standardization. While the
prevailing financial crisis poses challenges to value chain players, we
still believe that m-payment services will significantly develop over
the coming years with the rise of mobile internet, the continuous
improvement of mobile handsets and the younger generation’s preference
for mobile services. In emerging countries, Little expects m-payments to
become the first widespread cashless payment system.

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PSI and The Egan Group Partner

E-banking provider PSI has signed a LOI with The Egan Group for MVMC to provide
strategic services including vault cash and armored car service, 24/7 help desk
and installation services. MVMC Corp is a large security and money management company servicing
over 8000 ATM locations for banks, credit unions, and ISO retail ATM
providers located throughout the tri-state and surrounding areas within
the Northeast Region and is complemented by a traditional armored
service provider, Armored Money Services.

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Lenco Unveils a Zero Carbon Statement

Lenco Mobile has launched a new mobile phone statement application with a zero carbon footprint. The application was developed by Multimedia Solutions, a wholly owned subsidiary of Lenco. Banks, retailers and utilities are able to deliver an electronic statement to their customer’s mobile phone and track whether the message was opened. Several of the MMS messaging platform applications developed by Multimedia Solutions are already in use by two of the ten largest Mobile Network Operators in the world. Lenco Mobile owns and operates businesses focused on the high-growth mobile marketing and Internet sectors.

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Small Biz Economic Confidence Picks Up

Small business owners are expressing more confidence in the economy
although there are many challenges. The number of small business owners
who say the economy is getting better nearly doubled to 31%, up from 16%
in March and the highest level in this category in two years.
The latest “Discover Small Business Watch” index increased more than 10
points, rising to 88.5, up from 78.2 in March and the highest since the
Watch hit 90.8 in February 2008. Yet while the anticipation of
improvement is on the rise, 91% of small business owners still ranked
the current economy as fair or poor, a figure that has been constant for
eight months. About 32% of owners see economic conditions for their
businesses improving, up from 24% in March; while 40% see conditions
getting worse, down 7% from the previous month; 22% say it’s staying the
same and 6% weren’t sure. Also, 58% of owners say they have not
experienced temporary cash flow issues in the past 90 days that have
caused them to hold off on paying some bills.

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Visa Class C Stock to be Available

Visa announced that its Board of Directors approved a program in which each class C stockholder may liquidate up to 30% of the shares held as of July 1st. The release of the class C shares does not increase the number of outstanding shares of the Company and there is no dilutive effect to the outstanding share count from these transactions. The remaining class C shares will continue to be subject to the general transfer restrictions that expire on March 25, 2011 under Visa’s
certificate of incorporation.

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TNB Inks the ISU Credit Union

IL-based ISU Credit Union has moved its card processing to TNB Card
Service.
TNB will work with ISU to restructure its $2 million card portfolio to
position it for growth in balances and cardholders. ISU said the primary
reasons it moved its card operations to TNB were TNB’s 24/7 call center,
the “Rewards2U”loyalty program, card management tools, such as “VIP
CardStation” and “Portfolio Pro” , and TNB’s marketing expertise and
capabilities. ISU Credit Union holds $73 million in assets.

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InComm & IQPC to Host 2nd Prepaid Cards Conference

Prepaid card provider InComm and IQPC are hosting the “2nd Prepaid Cards
conference” June 24-26, 2009 in Denver. The “Cards” conference caters to marketing, brand and prepaid
professionals seeking to leverage new opportunities in the prepaid
market. Covering topics for both open- and closed-loop prepaid cards,
attendees will gain the tools to define which profitable business models
to explore, and learn about other trends, including mobile payment,
payroll and insurance innovations. Issues that will be discussed at the 2nd Prepaid Cards program include “Prepaid Trends”, “Prepaid Innovations”, global case studies and”Peer-to-Peer Benchmarking”.

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President Obama’s Credit Card Reform Support

Fourteen consumer advocacy groups have expressed support for President Obama’s call for credit card reform. The groups also applauded passage by the House Financial Services
Committee yesterday of the Credit Cardholders Bill of Rights, championed
by Rep. Carolyn Maloney. The Maloney Bill, as well as legislation moving
to the Senate Floor sponsored by Senator Chris Dodd, signals a focus on
real consumer protections and a welcome change to credit card company
business as usual.

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Pinnacle & American Technology to Offer PCI Solutions

Pinnacle has partnered with American Technology to provide PCI
offerings to clients by adding ATC’s “OmegaScan” and “OmegaManager” solutions. ATC’s “OmegaScan” is an affordable, hosted solution for small to mid-size
retailers that helps them to meet PCI compliance and remediation
requirements without having to install and manage onsite security
software. ATC’s “OmegaManager” is a
robust onsite software and services solution designed to automate
systems management requirements for PCI compliance for larger retailers. ATC’s “Omega”
solutions are designed for the enterprise and comprise a suite of
products and services to support PCI compliance endeavors for the entire
organization. Both “OmegaScan” and “OmegaManager” are complementary to
Pinnacle’s existing solutions and partner offerings.

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NCR Q3 Revenues Drop $15 Million

NCR reported a first-quarter loss of $15 million, or a $0.09 loss per diluted share, compared to income of $49 million or $0.28 per
diluted share in the first quarter of 2008. Income from continuing
operations included a $5 million ($3 million after-tax) impairment
charge related to an equity investment, which was offset by a $5 million
benefit from an insurance settlement related to
the Fox River environmental matter. Income from continuing operations in
the first quarter of 2008 included a $16 million ($13 million after-tax)
gain, or $0.07 gain per diluted share, resulting from the sale of a
Canadian manufacturing facility. Excluding these items, non-GAAP loss
from continuing operations(1) in the first quarter of 2009 was a loss of
$0.09 per diluted share compared to income of $0.21 per diluted share in
the prior-year period. Year-over-year revenue was impacted by the
overall downturn in the global economy, particularly in the retail
industry. NCR generated $38 million of cash from operating activities during the first quarter of 2009 compared to $81 million in the year-ago period. Capital expenditures of $25 million in the first quarter of 2009 were $7 million lower than the $32 million in capital expenditures
in the year-ago period. NCR ended the quarter with $717 million in cash and cash equivalents, a
$6 million increase from the $711 million balance as of December 31,
2008. As of March 31, 2009, NCR had a debt balance of $308 million,
unchanged from the balance as of December 31, 2008. In the first quarter NCR recorded several important customer wins that include Unified Grocers and food retailer H-E-B and introduced “NCR APTRA Consumer Passport” software that will allow consumers to remotely deposit checks.

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