TeacherDollars Program Wins a Prepaid Award

Information provider Paybefore has selected CT-based Evolution Benefits’
“TeacherDollars” Program as the Best in
Category winner for the Best Corporate-Funded Prepaid Card of the 2009
Paybefore Awards. The TeacherDollars Program was set up in
partnership with the Hartford, Connecticut System of Schools and
provides special-purpose debit cards with donated funds to teachers at
schools that have demonstrated marked improvement in the academic
achievement of their students. The cards are used to buy instructional
supplies for the classrooms. Paybefore is the leading information
provider to prepaid and stored value card industry professionals,
offering the latest news, commentary and analysis.

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CPI Names a New Southwest Regional Sales Manager

CPI Card Group has tapped Tim McKearney as Southwest
Regional Sales Manager, Commercial Cards and Services.
McKearney has 4 years of card manufacturing experience, primarily in the
areas
of commercial production, service bureau and fulfillment. He also has 15
years of commercial litho, offset and digital print experience. His
previous roles include project manager, production/mailing fulfillment
and customer service management. CPI offers a single source for plastic
cards, from foil
cards and holograms to translucent and smart cards, and personalization
and fulfillment services.

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Small Business Index Drops to Zero in Feb

Small business owners’ optimism dropped to its lowest level in the six
years that the Wells Fargo/Gallup “Small Business Index” has been
conducted. The score now stands at negative four (-4), down 14 points
from November and 118 points lower than the “Index” high of 114 set in
November, 2006. It is the first time the index has dropped below zero. A
score of zero indicates that small business owners, as a group, are
neutral — neither optimistic nor pessimistic — about their companies’
situations. The “Index” is the sum of “present situation” and “future
expectations” of small business owners for six key measures, including
financial situation, cash flow, revenues, capital allocation spending,
job hiring and credit availability. The “present situation” score
dropped eight points to negative five, and “future expectations” dropped
six points to one.

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Identity Theft Victims Largely in the Dark

A survey of more than 1500 identity theft victims shows that approximately three out of four, or 72%, do not know the source of the crime, according to the Identity Theft Assistance Center. Twenty-eight percent of the 1530 victims helped by ITAC said they knew the source of the crime. Most cases (26.5%) stem from friends, relatives and in-home employees who have access to personal information, followed by computer-related identity crime (21.6%). Lost/stolen wallet, checkbook or credit card accounts for 15.1%, followed by stolen and fraudulent use of the mail (11.6%) and corrupt businesses or employees (11.6%). Breaches of consumer data accounted for 4.7% of the cases.

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Diebold Executives Receive Wells Notices

Diebold’s EVP/CFO has received a “Wells notice” from the SEC. Diebold is
also aware that its prior chief financial officer and other former
employees in the company’s finance organization have also
received Wells notices. To the company’s knowledge, the Wells notices
relate to items addressed in the company’s previously filed restated
financial statements. A “Wells Notice” indicates that the SEC staff
plans to recommend that the SEC bring a civil injunction for possible
violation of securities laws. Krakora has stepped down from the CFO
position and will continue to serve the company in a non-financial
reporting capacity pending resolution of this matter. Leslie Pierce,
vice president and corporate controller, is fulfilling the role of
interim CFO.

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HSA Payment Card Balances Grew in 2008

A new study as found that consumers who select HSAs to manage their
health care spending are not simply using these accounts to pay for
their immediate health care needs. They are also funding their HSAs
above and beyond their employer contributions and using them as long
term savings and investment vehicles. Canopy Financial also found that
HSA account balances grew in 2008, despite the economic downturn, and
employee contributions to HSAs significantly outpaced employer
contributions. Moreover, transfers into health investment accounts were
double and triple transfers out of HIAs throughout the year.
Additionally, card payments consistently lagged behind every other spend
category, with the majority of spend out of HSAs being derived from bill
payments and reimbursements.

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RCC COALITION

The “Stop Sticking It To Us” Coalition,
representing over 200,000 Canadian businesses, small, mid and large, is
gathering in Ottawa this week to combat overcharging by VISA and MasterCard.
In the past year, skyrocketing credit card fees and VISA/MasterCard
domination of the debit card business have emerged as major issues in the
United States, Australia and the U.K. The U.S.-based credit card companies have been pushing worldwide to take
over the debit card business and increase service charges on credit card
transactions. In the United States, for example, Visa and MasterCard now
control over 75% of the debit card market. U.S. merchants and customers pay
heavily for the card company’s dominance of that market. A large
retailer with stores in the U.S. reports it pays 70 cents on an average U.S.
transaction. In contrast, the smallest retailer in RCC’s Canadian program pays 7 cents – a
differential of 900%.

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USAT’s ePort Connect is Cited in Mags

USA Technologies’ “ePort Connect” cashless payment
technology has been featured in Automatic Merchandiser Magazine and RFID magazines.
Automatic Merchandiser Magazine features the “ePort” in a special report
on how smart technology is changing the office coffee industry, while
RFID Journal reports on the ‘flagship’ ePort G8 and its wireless capability.

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Discover’s Daily Launches LawServer.com

LawServer Online has launched “LawServer.com” for consumers to find answers to legal questions
on topics such as credit card laws, bankruptcy, foreclosure and rental
disputes. Founder and CEO Steven Daily is a former senior attorney with Discover
and offers extensive credit card company experience to help consumers understand how consumer credit card
laws really work, how to protect their credit, and ways to avoid getting
ripped off by banks that are unscrupulous.
“LawServer” organizes information by topic, and provides real-time updates
about laws by email and RSS. Legal details by state are provided with
interactive maps. Daily was senior corporate attorney for Discover Card from 1997
to 2007, advising on marketing, state government relations, and
technology projects. Before joining Discover, Daily litigated cases for
business clients at the Chicago law firm Schwartz Cooper, Chtd., where
he was named partner in 1996.

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Involuntary Attrition Soars in February

Voluntary and involuntary credit card attrition have soared this year to a new high. Voluntary attrition, the number of accounts canceled by a cardholder, hit 8.88% in February, compared to 8.03% in the prior month and 7.21% one-year ago. Involuntary attrition, the number of accounts canceled by an issuer, posted a 17.25% ratio in February, compared to 16.04% in the prior month and 9.89% one-year ago.

VOLUNTARY ATTRITION
Sep 08: 6.65%
Oct 08: 6.81%
Nov 08: 6.99%
Dec 08: 7.34%
Jan 09: 8.03%
Feb 09: 8.88%
Source: CardData (www.carddata.com)

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Donatos Pizzaria Selects Veryant isCOBOL

AZ-based Veryant has been selected by OH-based Donatos Pizzaria to
implement its “isCOBOL Application Platform Suite” POS system. Donatos
devised a
phased strategy to move from its legacy COBOL application to a new
Java-based system. This plan eliminates an abrupt transition and
permits deployment of POS
terminals that will display the legacy applications alongside the newly
designed GUI interface. With isCOBOL APS as the bridge between the old
and new, Donatos can
minimize the impact of the migration by allowing users to continue using
a familiar application. It will also provide the flexibility and freedom
necessary to execute the transition plan on the company’s timetable. The
new system will present a modern GUI interface, but will still preserve
the company’s application investments and allow the old and new systems
to access the same ISAM data files.

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