National Penn Bancshares Signs Contract for CheckFree Web RXPSM

Fiserv’s CheckFree announced that National Penn Bancshares,
has signed a multi-year renewal contract for CheckFree “Web RXPSM”.
“CheckFree Web RXP” is an Internet application that
optimizes the user experience by simplifying everyday household
bill-payment tasks, such as viewing and paying electronic bills, setting
up recurring payments and managing alerts. The integrated
functionality supports National Penn’s strategy to drive increased
customer satisfaction and retention through superior online services.
National Penn Bancshares is a $9.2 billion asset
financial services company operating 124 community offices.

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ELAVON & TRUSTWAVE

U.S. Bancorp’s Elavon and Trustwave have formed an alliance to provide Level 4 card-present merchants throughout Germany with Payment Card Industry Data Security Standard (PCI DSS) compliance validation solutions. Level 4 merchants are defined as those that process fewer than 20,000 e-commerce transactions and/or fewer than 1 million single card transactions per year. Elavon will offer its merchants access to additional Trustwave technology and services to support real-time compliance. Such tools include TrustKeeper Agent, an on-site monitoring software that performs policy checks and inspects for prohibited data storage on any system which it is installed. Other services include SSL certificate deployment for e-commerce merchants and help desk support for those organizations requiring additional support to become PCI DSS compliant. Trustwave is the leading provider of on-demand data security and payment card industry compliance management solutions to businesses and organizations throughout the world.

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NTT Gyazapo

NTT Communications Corporation has developed “Gyazapo”, to enable users to integrate the reward cards of more than 100 retailers into a single mobile phone. Users can easily register, access or overwrite membership and loyalty data just by waving their mobile phone, equipped with a contactless IC chip, over a terminal in a retail shop. Gyazapo is also a green system that helps to save natural resources by
eliminating the need for traditional plastic cards.

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Apriva has certified Hypercom’s Optimum T4210

Wireless platform provider Apriva has certified Hypercom’s
high-performance Optimum T4210 PCI PED-approved card payment terminals on the Apriva Intelligent Gateway.
The certification enables credit, debit, gift, loyalty and check
transactions on Hypercom’s Optimum terminals for retail, restaurant and
quick service environments using Apriva’s Intelligent Gateway, which is
certified with all major merchant processors in North America. Apriva
will offer a number of value-added services for the Hypercom terminals,
including online reporting, order processing, terminal real-time
provisioning and comprehensive customer management. Hypercom will join
Apriva’s Certified Secure program with the introduction of the Optimum
terminals.

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First Data Partners with CardinalCommerce

First Data has partnered with payment platform provider CardinalCommerce Corporation to offer First Data merchants a complete eCommerce solution for authentication programs and alternative payment brands.
Through this agreement, First Data becomes the first payment processor with the ability to offer all major alternative payment brands to their 100,000+ eCommerce merchants. This solution provides one of the fastest, easiest technical integration for merchants, backed up with 24/7/365 support from CardinalCommerce. In addition, First Data will offer payer authentication service that leverages online payment verification offered by both Verified by Visa and MasterCard SecureCode programs.
Cardinal Centinel* enables payment brands such as Verified by Visa, MasterCard SecureCode, PayPal, eBillme, Bill Me Later, Google Checkout, MyECheck, NACHA Secure Vault Payments (SVP), Ukash, eLayaway, Ebates, Amazon Payments and RevolutionCard.

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Introducing FlexJet 25 Expert Guide Edition jet card

Bombardier Flexjet has introduced the Flexjet 25 Expert Guide Edition jet card. Each limited
edition card from pairs the ultimate
experience in private jet travel with an unparalleled opportunity for
recipients to explore their passions through exclusive access to
world-renowned experts for private, one-on-one experiences. The packages feature a range of expert guides in a variety of lifestyle
categories from which to choose that include: “Navigating the Art World”; “Know When to Hold ‘Em”; “Food for Thought: Epicurean Masters”; “A Higher Purpose: The Power to Make a Difference”; “Trout Whisperer” and “Navigating Your Life: The Mint Experience.” The Flexjet 25 jet card offers fliers an easy
way to sample private aviation without assuming ownership of a plane, while providing them with an unbeatable combination of choice, flexibility and benefits amongst jet cards.

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Radio Shack has selected Fujitsu Transaction Solutions

Radio Shack has selected Fujitsu Transaction Solutions “GlobalSTORE”, “StoreCENTER” and “ReturnCENTER” software to automate
POS operations and create a centralized store management
and returns management system for 4,500 RadioShack locations. Fujitsu’s “GlobalSTORE” application is a full-featured, customizable POS,
cash management and back office platform. “StoreCENTER” software provides centralized store management by
aggregating and reporting data from across the retail enterprise in
real-time. This up-to-the-minute access gives retailers the ability to
operate more efficiently by identifying opportunities at the store level
and responding accordingly. “ReturnCENTER” is Fujitsu’s centralized returns management application that manages returns across channels (in-store, phone and Internet) and
gives retailers greater flexibility and control over returns management,
while offering a robust reporting system that provides critical insight
into those activities that have the greatest impact on the returns process.

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FUNDTECH & SYNERGY

Global transaction solution provider Fundtech has acquired Synergy Financial Systems to making it the world’s largest SWIFT service bureau
operator based on transaction volume, with a client base of over 200
financial institutions. Under the terms of the definitive agreement, BBP will pay GBP2.5 million
GBP in cash at the closing and an additional amount of up to GBP1.1
million GBP in cash to be paid over the next three years, based on the
financial performance of Synergy.
Synergy is a leading U.K. provider of SWIFT services located in London
and Nottingham, England. BBP will integrate Synergy into its business
unit, and will continue to operate both companies’ service bureau
facilities, adding capacity and operational resilience. In addition to
SWIFT connectivity services, both companies offer a variety of
SWIFT-related products and services that can be cross-sold to the newly
combined client base.

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DINERS CLUB LOUNGES

Diners Club International has opened 18 new cardholder club lounges at 14 airport locations in the United Kingdom, bringing the total of Diners Club airport lounges to 123 worldwide. The U.K. airport lounges will be managed and staffed by Servisair, a
leading service provider of aviation ground services, and feature a
range of complimentary snacks, fresh-brewed coffee, tea, and alcoholic
beverages, as well as television, newspapers, and magazines. In
addition, all the U.K. lounges offer telephone and fax services and many
also offer Internet access and business desks.

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Celent’s Report Reveals Traditional Payments are Threatened

A new report released by Celent reveal the threat alternative payment methods pose to traditional methods. The report, “Alternative Realities: The Commoditization and Allure of Alternative
Payments”, indicates alternative payments have gained considerably, and currently account for roughly 15% of total e-commerce volume. However,
by offering a superior value proposition to buyers, alternative payments
pose a threat to traditional payment methods. However, they now focus on providing greater value than payment cards. Card brands and issuers stand to forgo $345 million in volume in 2010 and about $1.7 billion in volume in 2015 to alternative payment. Given cards’ historical dominance over online payments, this market is
the card industry’s to lose. Every time a bank account is debited via
ACH rather than a card, the card industry loses roughly 1.5 – 2.4% or
more of the transaction size. The card industry must pay attention to
alternative payments, which can be categorized as enablers,
quasi-disruptors, or disruptors, in order to prevent further losses.

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VASCO AWARD

VASCO Data Security International has awarded Banco de Chile the Market Vision Award 2008. Banco de Chile is the second biggest banking group of Chile offering a
complete product range and financial services to over half a million
users including large corporations, small and medium-sized enterprises
and private customers. The bank implemented VASCO’s core authentication
platform VACMAN Controller together with DIGIPASS Go 3 and Go 6 to
secure its online banking platform. Banco de Chile was the first bank in
Spanish speaking Latin America to make strong two-factor authentication
available to its retail customers. Banco de Chile offers
credit and non-credit products and services to all segments of the
Chilean financial market.

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