iPayment’s Third Quarter Profit Rises 10%

Card processor iPayment saw an increase of revenue for the Q3 from
$193,599, 000 in 2007 to $203,653,000.
Revenues, net of interchange, were $87,465,000 for
the third quarter of 2008 compared with $82,335,000 for the third
quarter of 2007. Net income was $3,730,000 for the third quarter of
2008 compared to
$3,386,000 for the same period last year. iPayment provides credit and
debit card-based payment processing services to approximately 150,000
small merchants across the United States for both traditional and
card-not-present transactions.

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FEE FIGHT

According to the results of a recent survey by the Auriemma
Consulting Group, more than two-thirds of consumers
in the United Kingdom would choose a credit card with low fees over one
with an enticing rewards programme, 68% of respondents said they would prefer a card with no fees
and a low APR even if it had a mediocre rewards programme. Only 35% said that low fees were the
primary driver of their decision to apply for a new card and 20% said rewards were the most important feature
of their credit card.
Currently, less than 10% of consumers pay an annual fee on their card.
Respondents to the survey said the annual fee was the one fee they would
like to see eliminated over all others.

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Investors Spooked by AmEx Bank Holding Co.

The Federal Reserve has approved American Express’ application to
become a bank holding company and to be regulated by the Federal
Reserve. The charter diversifies the Company’s funding sources and
access to capital, and provides opportunities to expand its
deposit-taking capabilities. The license will also give AmEx a shot at
some of funds available under the Treasury Department’s “Troubled Asset
Relief Program.” AmEx has two long-standing U.S. bank subsidiaries –
American Express Centurion Bank, an industrial loan bank chartered in
Utah, and American Express Bank FSB, a federal savings bank. While
investors favored the AmEx decision they were spooked by what may lie
ahead. AmEx shares dropped 6.6% yesterday to close at $22.40.

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HID & NECTAR

HID Global has acquired “Nectar” smart card .NET technology.
“Nectar” is a commercial and licensable reference implementation of a .NET
virtual machine for embedded systems with a smart card dedicated
operating system. The Nectar virtual machine is a Microsoft .NET-compatible implementation
of the standardized ECMA335/ISO 23271 Common Language Infrastructure.
Nectar enables smart cards to integrate seamlessly with .NET execution
environments through its use of standard Microsoft tools and Windows
communication protocols. The ability
to provide a .NET environment and development tool chain will reduce
time-to-market and support costs while meeting the market’s requirement
for flexible, extendable and programmable systems. . The acquisition is consistent with HID Global’s
offering of a full range of smart cards and embedded products with high
security and leading edge operating systems.

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Consumer Identity Threat Score Launched

CA-based dentify theft prevention provider TrustedID has introduced “Identity Threat
Score” predictive identity rating for consumers.
“Identity Threat Score” is based on a predictive scoring model
called “IdentityScan”, which uses scientifically-based analytics to look deep
into billions of pieces of information available from hundreds of sources, including
public records, credit reports, the Internet and other proprietary databases.
“IdentityScan” analyzes a vast pool of data to discern specific
patterns that are likely to make someone vulnerable to identity theft. “IdentityScan”’s unique,
patent-pending capabilities include accurate predictions, continuous validation and custom profiles.
With early identification of risk, TrustedID’s “IDFreeze”
service can be even more effective in helping to stop identity theft before it
happens.

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ULTIMATE GAME CARD

Prepaid “Ultimate Game Card”, currently accepted by more than 200 online multiplayer games, is now
available at 294 Mac’s Convenience Stores and by the holidays,
580 of Mac’s eastern stores will also stock Ultimate
Game Card. Developed and supported by PayByCash,
these pre-paid cards are available at Mac’s in a $20 denomination. They
are redeemable at more than 200 online multiplayer games supported by
PayByCash. Ultimate Game Card allows customers to make fast payments for
online entertainment without submitting financial information. PayByCash
has empowered non-credit card customers and the Internet
businesses that want to reach them since 1998. PayByCash, now protected
by PaxGuard, offers more than 70 payment methods with a global reach.
PayByCash handles all foreign currency acceptance and alternate payment
option customer support.

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NEOVIA

Online payment provider NETELLER
announces that at the Extraordinary General Meeting
the resolution to change the Company’s name to NEOVIA
Financial Plc was passed. The name change will become effective on the issue of a Certificate of
Incorporation of Change of Name by the Companies Registry in the Isle of
Man. The Company expects confirmation to be forthcoming shortly and
will make a further announcement at that time. NETELLER Group operates independent online payments businesses that include
its
Payment Suite, featuring NETELLER(R), NETBANX(R), Net+(TM) and 1-PAY(TM) brands,
the Group specialises in providing innovative and instant payment
services where money transfer is difficult or risky due to identity,
trust, currency exchange, or distance.

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PARX

On Track Innovations subsidiary, PARX Ltd has introduced its “EasyPark”
in-vehicle electronic parking system in conjunction with Neos Tech.
Using “Neos Park” the driver pays only for the actual parked time. To
activate “Neos Park” the driver turns on the contactless unit, places it
in the car window. Upon returning, the driver turns the device off. This
creates a uniquely convenient user experience by eliminating the need
for cash, change, and looking for parking meters. “Neos Park” can be used
for both on-street parking payments and for parking lots. “Neos Park”
provides detailed reports to the municipality in order to better manage
and monitor parking patterns across town. The parking system is able to
support multiple rates, cities and tariffs.

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7-Eleven ATMs to Offer MoneyGram Services

MoneyGram International and Cardtronics will now offer MoneyGram money transfer and ExpressPayment urgent
bill payment services will be offered through 2,250 advanced-function
ATMs located at 7-Eleven. As part of a multi-year agreement, the financial self-service kiosks
will facilitate money transfer and ExpressPayment urgent bill payment
for walk-up customers without the aid of store personnel. The
financial self-service kiosks facilitate automated money transfer or
ExpressPayment urgent bill payment and dispense cash when receiving a
money transfer at the terminal. MoneyGram service at the 7-Eleven advanced function ATMs will initially
be offered in Arizona, California, Colorado, Delaware, Florida,
Maryland, Oregon, Pennsylvania, Texas, Utah, Virginia and Washington.
Cardtronics has the exclusive rights to operate advanced function ATMs at select 7-Eleven stores through 2017.

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MC & ROOTS

Roots Canada and MasterCard Canada have teamed to launch an in-store fundraising initiative in support of Big Brothers Big Sisters of Canada’s (BBBSC) In-School Mentoring Program. The “Give a Little for Something Big” promotion will encourage consumers to make a $5 donation online or by adding $1.00 or more to their purchases at Roots Canada stores and at roots.com. To kick-start this fundraising initiative, MasterCard Canada has donated $25,000 to BBBSC. This initiative is being supported with national English and French TV, online and print media advertising, as well as Roots in-store signage and Roots cashier ask programs. Roots has more than 120 retail locations in Canada and the U.S. and 65 in Asia.

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DCS Unembossed Card Printers Take-Off

Dynamic Card Solutions has experienced a heightened demand for unembossed “flat”
card instant issuance by financial institutions and has
already received orders for approximately 1,300 new “FCP 20/20” flat card
printers. The CardWizard software transfers the
front and back card images along with all personalized data to the FCP
20/20, which prints a reverse image on the underside of HID Global’s HDP
film. The film is then fused to the card surface, resulting in
photo-quality, continuous-tone images over the card edge. In addition,
the HDP film makes the cards tamper-evident, highly resistant to wear
and abrasion, and conforms to ridges and indentations formed by any
embedded electronics.The “FCP 20/20” enables financial institutions to instantly
issue a secure and highly durable flat-panel plastic card that works
just like a traditional embossed card, however, does not have the raised
lettering and numbers. The “FCP 20/20” coupled
with CardWizard software enables banks and credit unions
to personalize and customize a full range of debit, credit and prepaid
cards using thermal, unembossed printing from a single stock of
association-branded blank cards.

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