TRANSNET & PIXELPOINT

IP network provider Precidia Technologies announced that its “TransNet”
payment engine has been certified with PAR’s “PixelPoint” POS hospitality
software. By integrating “TransNet” with “PixelPoint”, users
have access to a wider range of certified processors, to which they can
route credit card transactions easily without any additional costs.
“TransNet” is a router-based payment engine software application that can
be integrated with any existing POS system for cost effective, secure
payment processing. For users of “PixelPoint” POS software, TransNet also
offers unparalleled flexibility and cost savings.
TransNet provides a comprehensive approach to cardholder data
security, with transactions removed from the POS system and housed
instead on the “POSLynx220” SSL encrypted payment router. This
low cost payment solution is PABP (Payment Application Best Practices)
validated and offers a host of value-added features to merchants.

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MasterCard’s Credit Card GDV Slows in Q3

MasterCard posted third quarter net income of $322 million and $1.3
billion in net revenue, which rose 24% year-on-year. However, the recent
Discover antitrust litigation settlement of $515 million produced a net
loss for the quarter of $194 million. MasterCard’s gross dollar volume
gained 12.3% in the third quarter to $662 billion, compared to
second quarter GDV growth of 12.8%. Transactions processed hit 5.4
billion, a 13% gain over 3Q/07. MasterCard noted that pricing changes
contributed approximately 5% of the net revenue growth. In the U.S.
credit card gross dollar volume fell 1.3% to $162 billion and debit card
gross dollar volume increased 15.3% to $106 billion. Purchase volume on
U.S. credit cards gained 1.5% while cash volume dropped 16.6% in the
third quarter, compared to the year ago quarter. Purchase volume on U.S.
debit cards gained 17.5% while cash volume rose 9.6% in the third
quarter, compared to 3Q/07. At the end of the quarter MasterCard had 269
million credit cards and 123 million debit cards in-force in the U.S.
For complete details on MasterCard’s third quarter performance visit
CardData ([www.carddata.com](http://www.carddata.com)).

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ST23YL80 & ST23YL18

Smart card provider STMicroelectronics’ “ST23YL80” and “ST23YL18” secure
ICs have been
certified to Evaluation Assurance Level 5+ (EAL 5+) of CC v3.1, the
latest revision of the ISO/IEC 15408 Common
Criteria for IT security products. The “ST23YL80” and “ST23YL18” secure ICs
have been designed to support
highly secure applications such as PayTV, ID cards, IT security and
Payment. The ST23YL platform features a 8/16-bit secure processor, secure
non-volatile memory, and a cryptographic co-processor (Nescrypt) supporting
fast and secure public key algorithms such as RSA and Elliptic Curves.
ST is a leading advocate for formal security evaluation of smartcard
controllers to international standards. In 2000, it became the first
company to achieve CC certification for a smartcard IC, when its ST19
microcontroller was certified to CC EAL 4 Augmented, and has consistently
certified its products to the highest assurance levels for commercial
applications.

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TNS Third Quarter Net Income Soars

Transaction communications specialist TNS reported total revenue for
the third quarter of $88.6 million, an increase of 4.8% from 3Q/07. Net
income was $1.9 million for the quarter, compared to $0.4 million in the
year ago quarter. Revenue from the Financial Services Division increased
13.0% to $11.7 million. Revenue from the International Services Division
increased 10.0% to $41.7 million. Revenue from the Telecommunication
Services Division increased 6.6% to $16.5 million.
Revenue from the POS Division decreased 9.9% to $18.7 million on 1.3
billion transactions. The decrease in POS division revenue was primarily
attributable to a decrease of 11.8% in transaction volumes which mainly
resulted from a large customer moving traffic off the TNS network in the
fourth quarter last year, and to a lesser extent from the consolidation
of Alliance Data Systems’ network services business into Heartland
Payments and a slight weakening in overall U.S. transaction patterns in
September. For complete details on TNS’ third quarter performance visit
CardData ([www.carddata.com](http://www.carddata.com)).

Details

WYMIX & PAYPASS

Hypercom announced that its “Wymix” PIN pad has
received MasterCardPayPass(R) certification.
Hypercom’s Wymix PIN pad incorporates a chip card and magnetic stripe
reader designed for integration with cash register systems at the point
of sale. Already used at many thousands of points of sale throughout
France, the Wymix has been upgraded to support payment with contactless
cards or NFC-enabled phones. Interest in contactless payment programs in France is high, and several
pilots are in progress throughout the country, organized by banks and
mobile phone operators. As a result of these test programs, the Wymix
PIN pad incorporating contactless technology has been installed in
pilots at two major retailers. One of those, the leading French retailer
Intermarché with almost 1,500 supermarkets throughout the country, has
been using the Wymix PIN pad in a contactless pilot that started in July.

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Safeway Doubles PowerPump Gas Rewards

Safeway has doubled “PowerPump
Gas Rewards” for gift cards purchased at Safeway stores.
Shoppers can buy gift cards to earn double gas rewards and then
use the cards to buy holiday presents at shopping centers and department
stores. The program allows Safeway customers to extend gas rewards to
all of their holiday shopping. PowerPump is available in all Safeway
U.S. markets including its Vons, Pavilions, Randalls, Tom Thumb, Carrs,
Genuardi’s and Dominick’s banners. Customers outside of the vicinity of
a Safeway fuel station will receive double gas rewards to use at a BP
or ARCO station through year end.

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NFC Forum Announces a Global Competition

The NFC Forum announced a call for entries for
its NFC Forum Global Competition to compete for the honor of “The Best
NFC Product of the Year 2009” and “The Most Innovative NFC Research
Project of the Year 2009.” The Commercial Track is for business ideas
that address a specific market, business or consumer need or want.
Teams must submit a business case document of no more than 3,000 words
and a prototype or commercial product. Commercial entries are evaluated
on commercial viability and how successfully and innovatively they meet
the identified need using NFC technology. The Research Track is open to
the academic community, including university student teams and research
institutions. Research track submissions require an explanatory abstract
of no more than 3,000 words that identifies the challenge addressed and
outlines the approach taken. Prototypes are preferred and multimedia
presentations are welcome; entries must not have been piloted
previously. Research entries are judged on quality of design and their
creative and innovative use of NFC technology.

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October Bankruptcy Filings May Top 100K

U.S. monthly consumer bankruptcy filings in October may top 100,000
based on current and historical trends. In September consumer bankruptcy
filings hit 88,863, nearly 29% higher than the year ago period.
September declined 8% from August, but that is the historical pattern.
Last October there were about 72,000 filings. This year consumers have
filed approximately 772,000 bankruptcy petitions. According to the
American Bankruptcy Institute, Chapter 13 filings constituted 33.5% of
all consumer cases in September, a slight increase from prior months.
During the second quarter total filings hit 276,510 compared to 245,695
for the first quarter and 210,449 one-year ago. According to the
Administrative Office of the U.S. Courts filings in the 12-month period
ending June 30th, neared the one million mark. The 967,831 bankruptcy
cases filed represent a 29% increase over the prior 12-month period. Of
the total filings 64% were Chapter 7 filings. Consumer filings for the
same 12-month period, totaled 934,009, up 28% from the 727,167
bankruptcies filed in the 12-month period ending June 30, 2007.

BANKRUPTCY FILINGS
Jan 08: 66,050
Feb 08: 76,120
Mar 08: 86,165
Apr 08: 92,291
May 08: 91,214
Jun 08: 82,770
Jul 08: 94,124
Aug 08: 96,413
Sep 08: 88,663
Source: CardData (www.carddata.com)

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DOJ to Review AmEx Anti-Steering Policies

American Express confirmed it has received a “Civil
Investigative Demand” from the DOJ on October 10th regarding its
policies relating to merchant surcharging and its “anti-steering”
policies that prohibit merchants from discriminating against an AmEx
card in favor of other forms of payment. In June, five separate lawsuits
were filed against AmEx by Rite-Aid, CVS Pharmacy, Walgreen, Bi-Lo, and
H.E. Butt Grocery Company, which alleged that AmEx’s “anti-steering”
rules in its merchant acceptance agreements violate federal antitrust
laws. The five plaintiffs assert that their lawsuits are related to the
“Payment Interchange Fee and Merchant Discount Antitrust Litigation”
filed against Visa, MasterCard in 2005. AmEx was not a party
to the “Interchange Litigation.” AmEx has until January to respond.

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TSYS Set to Acquire Payment Expert Infonox

TSYS is acquiring a privately-owned CA-based technology firm with
payments expertise. The deal is expected to close this week. Infonox
will offer “plug-and-play” platforms for debit, credit, prepaid, money
transfer and checks. It also offers new connectivity interfaces to
multiple payment devices and new channels of service delivery such as
mobile phones, ATMs and bill-pay kiosks. Infonox also provides a
proprietary end-to-end tool to manage the lifecycle of a merchant.
Dr. Safwan Shah, president and CEO of Infonox will remain president.
TSYS recently reported third quarter revenues of $500.4 million, an
increase of 9% year-on-year. (CF Library 10/10/08)

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