F-SECURE MOBILE SECURITY

Mobile device manager Mformation Technologies and security solution provide F-Secure will introduce
a complete application lifecycle management
solution for the “F-Secure Mobile Security” application.
Using OMA DM industry standards and Mformation’s enhanced mobile device
client, the solution provides the flexibility to
support individual needs through customer- or self-care capabilities as
well as to support market segments, departmental, or enterprise-wide
needs, through rules-based automation. As a result of remote management
and user experience testing the F-Secure application
can be downloaded and pre-configured silently on the device,
based on operator requirements, remains invisible until the service is activated remotely,
can be silently configured over the air after activation to
update security policies or preferences and be set up to support varying levels of end-user interaction
during over-the-air operations, including completely silent operation
with no user interaction, depending on operator or enterprise requirements.
Operators and enterprises can trigger the update of virus
definitions and scanning of devices depending on the severity of
security alerts.

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GiftCardLab Among Oprah’s December Favorites

Customized gift cards offered through GiftCardLab, a joint
partnership with Serverside Group and PAYjr, has been selected by Oprah
as one of her favorite things in the December edition of “O Magazine.” GiftCardLab.com was created by Card Lab Inc. in 2007 between Serverside Group, based out of London, UK and PAYjr Inc, based out of Dallas, TX. Card Lab Inc. also works closely with banks, credit unions and major youth brands to help create market differentiation with branded and co-branded GiftCardLab programs. For more information, visit www.GiftCardLab.com.

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TNB Lands U.S. New Mexico FCU for Processing

U.S. New Mexico Federal Credit Union has signed a multi-year agreement with TNB Card Services to process
and grow its $25 million credit card portfolio. TNB will take over the processing of U.S. New Mexico’s more than 12,000
credit cards, in a program that currently consists of nine different card
products. U.S. New Mexico will also roll out TNB’s “Rewards2U” loyalty program.
U.S. New Mexico FCU holds assets of $544 million, has five branches and 55,000 members.

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Global Retail Shrink Surpasses $100B in 07

A new study shows that global retail theft or retail shrink will top $104 billion this year amounting to a cost of nearly $230 per household in the 36 countries surveyed. The second annual “Global Retail Theft Barometer” from Checkpoint Systems also found that stolen merchandise accounted for 38% of internal fraud, while 24% of internal losses were in the form of stolen cash, coupons, vouchers or gift cards.
Employee theft is the largest source of shrinkage for retailers in North America and Latin America (46% and 42% respectively), while customer theft is the leader in the Asia-Pacific region and Europe (54% and 47% respectively). North America reported the highest average dollar amount stolen by customers, at $747 per incident. The high average in North America is thought to reflect the impact of organized retail crime.
Refund frauds and false markdowns rose substantially, comprising 20% of internal fraud, an increase of 34% since last year. Collusion represented 10% of losses. Large financial frauds, also on the rise, accounted for 8% of internal fraud.

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Starbucks Intros a Gold Card for Discounts

Starbucks has introduced the “Starbucks Gold” prepaid card that gives 10% off everyday purchases.
Since the program was introduced, sales of Starbucks Gold
memberships have exceeded initial projections by 20 percent.
Customers will also receive special members-only offers and invitations
once they register their Gold Card online that include
a complimentary beverage on one’s birthday and
friends and family days where members can share their discount, a
free drink when purchasing the Gold Card in-store
and “tender neutrality” with the Starbucks Gold Card one can pay with
cash, credit card, or a Starbucks Card and still receive the 10%
discount when showing the card at the time of purchase. The
card can be loaded with any amount from $5-$500.

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Consumer Card Management No. 2 in Web Usage

New online usage research reveals that 36% of adult online consumers have used the Web for credit card account management purposes over the past six months, ranking it as No. 2 among the U.S. online transaction categories. The No. 1 online transaction category was travel, with 38% of adult online consumers making at least one travel purchase on the Web in the previous six months. Nielsen Online also reported that eBay ranked as the top online retailer for October
while Google ranked as the top parent company and brand for October. Overall, the average sessions/visits per person during October was 59 and domains visited per person was 105. The average Web pages visited per person was 2,372 and the duration of a Web Page viewed was 55 seconds.

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FiCentive to Launch a SwipePay Mobile MC

Prepaid card provider FiCentive has signed an
agreement with SwipePay Mobile to offer the “SwipePay Mobile
MasterCard Prepaid” and “MasterCard Gift Card”. “SwipePay” works with
mobile
operators, mobile publishers and premium messaging aggregators so their
customers have the power to make secure mobile payments without
needing a physical banking presence or traditional Internet connection.
FiCentive is a turn-key prepaid card solutions provider that
quickly and securely delivers customized prepaid card programs for
corporations, financial institutions, affinity groups or any
organization that needs to deliver a financial incentive to their
customers, vendors, or employees.

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Gift Card Displays Must be Accommodating

A new gift card study has found that 82% of users said that a discount for the purchaser’s use when buying the gift card would make them somewhat or much more likely to purchase gift cards. Six out of ten say free specialized gift packaging for cards is a strong purchase motivator as well. The Chase Paymentech research also found that 37% of past year gift card purchasers have entered a store intending to buy a gift card and left without buying it because: they couldn’t find the gift card display (21%); they didn’t care for any of the designs (21%); they changed their mind and decided on another item (20%); and the cards were locked behind the counter (15%). Other Chase Paymentech findings:
55% plan to buy the same number of cards as they did last year, and 21% plan to buy more. Gift card buyers who purchased a gift card within the past 12 months bought 4.7 cards for others, in addition to two cards for
themselves.

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AMEX & VILLA TRASQUA

The Villa Trasqua wine estate is the big winner of the “American
Express 2009 Tower Club Wine Awards”. After the tasting of as
many as 330 red wines from every continent, the Trasgaia 2006 won three
prestigious awards: ‘Gold’, ‘Best of the Best’ and then in the end it was
also elected ‘Champion’ of all categories. The Villa Trasqua wine estate is situated in the south-west of Chianti
Classico, the oldest and best part of the vast Chianti district. Villa
Trasqua covers 120 hectares (almost 300 acres), of which about a third is
planted with grapes. Trasqua has been producing wine since 1968.

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Kount and Chase Paymentech Ink a Deal

Kount has signed a preferred partner agreement with Chase Paymentech that gives Kount an important channel
partner in the competitive card-not-present payment processing service sector.
Under the agreement, Kount will recommend Chase Paymentech
processing services to its merchant customers and work with Chase
Paymentech to provide the latest in fraud detection services to those existing Chase
Paymentech merchants who seek additional fraud protection for their card-not-present
transactions. Kount defends against both traditional and emerging fraud threats such as botnets and
other organized crime using a formidable array of tools including two
patented technologies—device fingerprinting, and proxy-piercing—along with
Dynamic Scoring, geolocation techniques, and real-time data streams from websites all
across the globe. Both Kount and Chase Paymentech support the major card
brands as well as alternative payment services.

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BANRURAL & TRANSTECH

Alternet’s Transtech Sino America has finalized a partnership with Banrural bank under which
Banrural will serve as Transtech’s financial partner
for E-transactions, E-ticketing and mobile payment solution projects in
Guatemala and the surrounding region, with an initial focus on mass
transportation e-ticketing solutions. Banrural’s ATM network will be
used as a recharge point of sale system for prepaid bus fare collection and
the Banrural partnership may provide key financing to
Transtech’s fleet replacement initiative in Latin America, providing
high efficiency and low emission liquid petroleum gas (LPG) buses to
municipalities with aging or inefficient bus fleets. The partnership has
the potential for additional expansion to include utilities prepayment
and municipal services. Through their joint venture Transtech, Alternet Systems is TCPS’
strategic partner in Latin America. TCPS chose Alternet Systems for
their experience in Latin America and for their proprietary wireless
e-transaction capabilities, which are complementary to TCPS’ contactless
card and financial terminals.

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