DIEBOLD & IAOP

For the third consecutive year, Diebold has
been recognized as one of the world’s top outsourcing providers by the
International Association of Outsourcing Professionals(IAOP). The
designation is awarded to companies that define the
standard of excellence for outsourcing within an industry. As a known
leader in comprehensive, turnkey outsourcing solutions in the financial
self-service industry, Diebold excelled in hardware, software, security
products and services. Companies earning the distinction of Top
Outsourcing Service Provider
from the IAOP are judged in four fundamental categories, including
company size and growth, customer satisfaction, depth of competence and
management capabilities. New to this year’s IAOP criteria was
addressing the company’s approach
to Corporate Social Responsibility (CSR). Diebold’s CSR is focused on
managing business processes that positively influence society while
leading through innovation via its employees, technology and services.
In addition, the IAOP judges considered revenue, customer outcomes,
relationship management approaches and management talent and experience.

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SCA & CTST

The Smart Card Alliance, as part of a continuing partnership with CTST
and SourceMedia, is producing CTST 2009 to be held in May in New Orleans.
More than 120 speakers will cover a wide range of topics divided into
four main tracks—Identity & Security, Payments & Applications, Mobile &
NFC, Emerging Technology—and two one-day spotlight tracks—Healthcare and
Latin America. Three pre-conference workshops from the Smart Card Alliance, Collis and
OATH are offered this year, covering the topics of “Smart Card
Technology and Payments Applications,” “Mobile & Contactless Payments
from EMV to NFC,” and “OATH Initiative for Open Authentication
Workshop,” respectively. The Alliance will also present its
“Outstanding Smart Card Achievement” (OSCA) awards at a Networking
Reception on Monday night, May 4. The OSCAs recognize the issuing
organization, technology organization and individual that have
significantly impacted and influenced the market for smart cards in
North America. CTST 2009 sponsors are Collis, First Data, Gemalto and Oberthur
Technologies.

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MOBILE CHECK DEPOSIT

Mobile capture provider Mitek Systems and e-payment software developer
RDM will integrate Mitek’s “ImageNet
Mobile Deposit” into its Image & Transaction Management System
suite of Remote Deposit Capture products.” ImageNet Mobile Deposit”
allows checks to be deposited from an end user’s
camera-equipped mobile phone, giving financial institutions the ability
to provide their account holders an extra level of convenience and
quicker availability of funds. The combined offerings will extend
merchant capture to many small to medium sized businesses that process
less than 25 checks a day and have been slow to adopt desktop RDC
because of high entry costs which include specialized scanning
equipment, software and maintenance costs. The downloadable application
is initially available
for the iPhone and latest Blackberry handsets.

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InsurCard Visa Prepaid is Launched

InsurCard has teamed with First Insurance Company of Hawaii to offer the
“InsurCard Visa Prepaid Card” to pay out insurance claims.
Through this partnership, First Insurance Company
of Hawaii is now the first insurance company in Hawaii to be able to
provide immediate relief to its customers in the event of an emergency.
In the event of a hurricane or other major disaster, First Insurance
policyholders may be eligible to receive funds to cover their immediate
needs. Traditionally, the practice has involved issuing a check to a
policyholder. The problem with that is in many natural disasters there
is nowhere for the policyholder to turn to cash their check. By using
the “InsurCard Visa Prepaid Card”, issued by The Bancorp Bank, First
Insurance Company of Hawaii can provide immediate relief to its valued
policyholders. First Insurance Company of Hawaii is the oldest and largest
property and casualty insurer domiciled in Hawaii, with assets totaling
more than $604 million and liabilities of $409 million at September 30,
2008.

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BASIC-CARD

ZeitControl cardsystems has introduced the first smart card costing less than one Euro. Applications like E-Purse, Identification Card, Medical Card, Gift and Loyalty Card can simply be developed in BASIC and are fully compatible with ISO 7816. Encryption technology like AES, DES or ECC is included. ZeitControl says a development kit is available for 59 euros too.

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PRIZM & POSTILION

Self service payment provider Postilion has teamed with India-based
Prizm Payments to implement a Postilion payments processing platform.
Prizm Payments
provides secure payments services for financial institutions, retailers,
and service providers, across multiple electronic channels.
Prizm Payments identified an opportunity to offer innovative ATM and
POS services to
financial institutions and retailers. Postilion allows Prizm Payments to
establish a
world-class ATM and POS network across India. Prizm Payments will
introduce a comprehensive payments services infrastructure to India,
comprising of retail ATMs, POS services, third-party maintenance
services, and prepaid card services. Prizm Payments is
led by a management team with extensive experience in the payments
industry and with Sequoia
Capital as a financial investor and was created to develop a
self-sufficient nation-wide modern payments ecosystem for financial
institutions, retailers and service providers. Postilion is a leading
provider of integrated solutions for self-service banking and payment
processing that drive self-service
financial transactions and payments, including advanced transactions
such as prepay, through Internet access points, ATMs, POS
terminals,phones and for more than 100,000 ATMs and 500,000 POS
terminals worldwide.

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Monitise/Metavante Launch Text Message Banking

Monitise Americas and Metavante have introduced text message banking services. Metavante is the first provider to deploy the new technology from Monitise Americas. The integration of Metavante payments solutions — including bill pay, prepaid and the NYCE Network — with its mobile financial services creates a clear line of sight to mobile payments and commerce. This type of integration also creates the benefit of making mobile services available to virtually all account holders at a financial institution.

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America First CU Shows Prepaid Card Success

UT-based America First Credit Union has renewed its prepaid gift card partnership with IA-based The Members Group. America First sold nearly 26,000 gift cards in 2008. Since becoming a TMG client in 2006, America First Credit Union has been able to offer its membership customizable picture cards within its gift card program. America First is the 12th largest credit union in assets in the USA with $4.4 billion in assets. TMG’s core products include credit, debit, ATM and a variety of prepaid solutions, as well as online reporting, item processing, ACH and ALM and services.

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PayPal Offers the New Guard Dog Service

Identity protection service Guard Dog is now available through PayPal.
PayPal is Guard Dog’s newest addition to its
continuing expansion of consumer payment processing methods. The move is
in response to more sophisticated payment methods dictated by today’s
expanding consumer client base.With
PayPal, Guard Dog customers can utilize direct bank transfers, debit
card, or credit card payment transactions. The utilization of PayPal
payment transactions represents a significant and largely untapped
revenue streams for Guard Dog’s identity protection services.

Details

Pipeline Data Completes Restructuring

Payment processor Pipeline Data has completed restructuring agreements
with convertible noteholders and holders of a $16 million put claim.
Under the terms of the transaction, the current $37 million, 8% coupon
convertible notes due June 29, 2010 have been restructured to a $42.1
million loan, with a 10% coupon until June 30, 2010 and a 14% coupon
until June 30, 2011. The Company has the option to extend the notes for
an additional year until June 30, 2012, at its sole discretion. As
restructured, all convertible equity features have been removed from the
notes and all 11.1 million detached full-ratchet warrants have been
terminated. ComVest Investment Partners III, an affiliate of the ComVest
Group, led
the $15 million initial investment in cash for the purposes of
restructuring the balance sheet and acquiring new merchant account
portfolios and other operating companies. As part of the investment, the
Company has issued Pipeline Holdings, LLC a $15 million face amount
preferred convertible stock instrument convertible into Common Stock of
the Company at 12.2 cents per share with a 16% payment-in-kind (PIK).
In addition, the put right on 9,398,058 shares of Pipeline Data’s Common
Stock held by the former shareholders of Charge.com, Inc., which was
redeemable for almost $16 million with interest accruing at 18%, has
been settled in full for $2 million in cash and the return of the
Charge.com name with related domain rights. The 9,398,058 shares of
Pipeline Common Stock have been returned to the Company and will be
canceled.

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Vanguard Networks Intros 3480 ASG

Communication provider Vanguard Networks has introduced the “3480 ASG”
application service gateway for voice and data services. The new
platform comes with numerous new
capabilities as part of the company’s newly introduced “Applications
Ware 7.2” suite, and is designed to bring the widest combination of IP,
TDM and serial voice and data access services to multi-site branch
locations. “Vanguard’s Application Ware Release 7.2” makes a broader array of managed services available for the branch office, enabling up to four routable Ethernet ports for simultaneous WAN access or LAN-based users with features such as IP-phones, office desktops or IP-based Point-of-Sale (POS) devices. New de-militarized zone (DMZ) capability protects reliable access to resources and repels external threats.
Quality-of-Service (QOS) prioritization of encrypted voice traffic
delivers a boost to voice services.

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