USA Technologies Takes ePort to a New Level

The unique service for unattended, vending cashless point of sale has
beefed-up its services. USA Technologies’ upgraded “ePort Connect” will
now offer the ability to accommodate different cashless payment devices
such as MEI and CoinCo as well as the ability to utilize different
credit/debit card processors, and cashless technologies, from
traditional swipe, to contactless, NFC, and pre-paid loyalty and gift
card offerings. Also, “PCI – DSS Level 1” network security with Visa
“CISP” and “Over-the-Air Updates” for customers using “ePort” devices.
Using the “Over-the-Air Updates” feature, recently USAT instantly
updated more than 10,000 terminals wirelessly with new contactless
specifications for a major credit card company. Additionally, USAT has
reduced the authorization time for debit and credit cards, whether
magnetic swipe or contactless, down to a few seconds.

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ID CARDS

Gemalto is delivering 900,000 of its “Sealys Laser-Secured e-ID” cards to the Ministry of Interior. The “Gemalto e-ID” card is made of polycarbonate. The national ID card is mandatory for all citizens above 16 and also serves as a travel document in all EU countries. The card features contactless technology for identity verification at border crossings, based on fingerprint check. It also embeds a contact microprocessor which contains a certificate for on-line identification and a qualified certificate for electronically signing official documents such as contracts and declarations. Gemalto’s references in national e-ID programs include notably Bahrain, Belgium, Finland, Oman, Portugal, Qatar, Saudi Arabia, Sweden and UAE. Taiwan has also recently deployed Gemalto’s digital security technology for its smart
card-based resident card.

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Cybercrimes Set a New Record in 2008

A new study has found that corporations fell victim to some of the
largest cybercrimes ever during 2008. The financial sector accounted for
93% of all such records compromised last year, and a 90% of these
records involved groups identified by law enforcement as engaged in
organized crime. According to the “2009 Verizon Business Data Breach
Investigations Report” 74% of breaches resulted from external sources,
while 32% were linked to business partners. Only 20% were caused by
insiders. Also, in 69% of cases, the breach was discovered by third
parties. Additionally, a staggering 81% of affected organizations
subject to the “Payment Card Industry Data Security Standard” had been
found non-compliant prior to being breached.

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Game Crazy Selects Epson POS Printers

OR-based specialty game retailer Game Crazy has selected “Epson’s
TM-T88IV” thermal POS printers with high-speed USB in all 560 stores.
The TM-T88IV delivers outstanding
reliability crucial to high-volume environments while offering fast, uniform print speed
regardless of receipt complexity. Features include spill resistance,
easy drop-in paper loading and seamless integration and connectivity. The TM-T88IV
boasts a small footprint and allows for easy drop-in
replacement.

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MasterCard’s ATM Hunter Goes on iPhone/iPod

MasterCard’s “ATM Hunter” application is now available on the Apple App
Store. The free app lets iPhone and iPod touch users easily locate the
nearest ATM no matter where in the world they are. The “ATM Hunter”
utilizes the “iPhone” or “iPod” touch’s location awareness technologies
to pinpoint the search. Users can customize their hunt based on their
unique banking needs – such as focusing their search to a specific
financial institution if they need to make a deposit or wish to avoid
ATM withdrawal fees. “ATM Hunter” can also pinpoint wheelchair
accessible, drive-through, or 24-hour access ATMs and provide the
directions to get there. Each year, more than two million consumers
contact MasterCard via the Web, phone and wireless (SMS) to find ATM
locations.

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G&D STARSIGN

Giesecke & Devrient has introduced its “StarSign” smart cards at the RSA Conference in San Francisco.
The cards conform to the FIPS 201 standard and is the first smart card solutions presented by G&D that satisfy the
strict security requirements of the U.S. Department of Homeland Security. Another
important product is G&D’s “StarSign Mobility Token”, which provides
secure mobile access to company data from any computer and is a mobile, highly secure storage medium for data
and applications that supports smart card-based authentication. “StarSign FIPS 201” cards come in two different versions (80KB EEPROM and
144KB EEPROM) and hold a wide variety of security features – from laser
engraving and guilloches to other optical devices such as a holographic
coating – protect the card body against counterfeiting. These smart
cards have two communications interfaces – one for contact and one for
contactless applications. Both reading mechanisms offer the same high
level of security and provide strong authentication. G&D is
also presenting joint solutions with partners such as ActivIdentity,
Crealogix, and Giritech.

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IRS Expands Credit Card Fee Tax Deduction

Tier Technologies’ Official Payments Corporation announced that the Internal Revenue Service has decided that the convenience fees charged for paying federal individual income taxes using a credit or debit card are deductible for some taxpayers who itemize. This decision is a change from prior policy. The IRS had previously determined that only convenience fees incurred by business taxpayers can be deducted as a business expense. In reassessing the position for individual taxpayers, the IRS decided that the convenience fees associated with the payment of individual federal taxes, including payment of estimated tax, can be included as a miscellaneous itemized deduction. However, only those miscellaneous expenses that exceeded 2% of the taxpayer’s adjusted gross income can be deducted. Taxpayers first must be eligible to file a Form 1040 Schedule A to itemize their expenses. And, taxpayers must have enough miscellaneous expenses to exceed 2% of the taxpayer’s adjusted gross income. Miscellaneous expenses include but are not limited to items such as tax preparation costs, job search expenses and unreimbursed employee expenses. Last year more than four million taxpayers electronically paid their taxes according to the IRS.

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Discounted Gift Cards Service is Launched

GiftCards.com has launched a discounted gift card data feed to provide
affiliates with a near real-time inventory of discounted gift cards.
The Discounted Merchant Card XML Web Service uses the latest standards
such as SOAP and WSDL, and was built for easy integration into existing
applications.
The data feed is currently being used by MyCoupons.com. Customers can
browse the discounted gift card
inventory while looking for coupons to their favorite stores. The data
feed is free to affiliates and can be easily integrated into their current
website. The affiliates can consume this feed and customize it based on
their market needs.

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S1 & LONGTOP

Customer interaction software provider S1 Corporation entered into a partnership agreement with Longtop
Financial Technologies Limited. Under the terms of the agreement, Longtop will market, license,
customize, implement and support S1 Enterprise’s Personal and Business
Banking, Sales & Service, Teller and Call Center applications for
financial institutions in China. This strategic relationship builds upon
a strong foundation of collaboration as S1 and Longtop have previously
worked together to deliver S1 Enterprise solutions in Asia, including
the deployment of S1 Sales & Service and S1 Call Center at over 14,000
branches with 80,000 agents in 31 provinces for one of the largest banks
in China. Longtop has six solution delivery
centers, three research centers and seventy-five service centers located
in 27 provinces throughout China.

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eCommLink Names a New CTO

eCommLink has hired Kieran Chung, previously with Unisys, as its new CTO.
Chung brings to eCommLink over thirty years of technological leadership,
including significant time in the financial sector at companies such as
Bank of America, Amadeus and SkyTeller. While with Unisys, Chung was the Global
Solutions Architect where he spearheaded the
real-time infrastructure portion of major projects for TSA – Department
of Homeland Security, the California Welfare Department, Nike and the
City of Boston’s Mayor 311 Hotline. eCommLink enables program managers and
financial institutions to maximize revenue from their prepaid debit
programs.

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Taco Mac Inks with Elavon for Processing

Card processor Elavon has signed on GA-based QSR chain Taco Mac and will provide
credit and debit card processing. The agreement provides credit and debit card processing for all 24
Taco Mac locations throughout metro-Atlanta and Chattanooga. Elavon provides end-to-end payment
processing services to more than one million merchants in the United
States, Europe, Canada and Puerto Rico. Solutions include credit and
debit card processing, electronic check services, gift cards, dynamic
currency conversion, multi-currency support, and cross-border acquiring.

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