FDC and Wells Fargo Extend Debit Deal

First Data has signed a multi-year contract extension with Wells Fargo Bank to provide debit processing services for Wells Fargo’s 19.6 million debit cards and provide Wells Fargo with consumer credit and small business card processing services, statement production and mailing, plastic card personalization and fraud detection services. First Data Corp. is a provider of electronic commerce and payment solutions for businesses worldwide.

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Discover Introduces New Cardholder Tools

Discover Financial Services has introduced two new financial tools for cardholders. The “Paydown Planner” and “Purchase Planner” help guide cardholders’ spending and payments by calculating the period of time it may take to pay down a balance or how a large purchase may affect their account. Unlike existing solutions, these tools are cardholder-specific. Each interactive planner is pre-populated with the cardholder’s account information to help ensure relevance, accuracy and ease of use. Cardholders have two choices when accessing the “Paydown Planner”: start with a monthly payment and see the approximate time period it will take them to reach their pay down goal or start with a target date and see an estimate of how much they will need to pay each month to reach that goal. The “Purchase Planner” helps cardholders understand how a purchase could affect their monthly payment and plans to pay down their balance. Like the “Paydown Planner,” cardholders can view results through two different options: enter the total purchase price and receive an approximate monthly payment amount needed to pay off their entire balance and enter the preferred monthly payment amount and receive an estimate of how much they can spend on a new purchase. Cardholders can also schedule payments in advance online, choose a payment due date, and opt to have automatic e-mail reminders to help them stay on top of their finances.

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TNB Releases a CU Card Portfolio White Paper

TX-based TNB Card Services has released a white paper detailing how credit unions can improve the performance of their credit card portfolios. Titled “Turning a Card Program into a High Performing Asset,” the 14-page, in-depth paper shows how CUs can maximize existing accounts by managing attrition, controlling risk, increasing income through usage and fees, and growing the account base through desirable products, attractive pricing, and compelling loyalty programs. It also addresses the importance of marketing and promotion. TNB Card Services serves more than 500 financial institutions of all sizes and manages more than 1.9 million cards.

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DOVETAIL PAYMENTS

Carried out using the Dovetail SEPA Solution, a universal payments system,
Sun Laboratories’ 6-week testing trials have determined Dovetail Payments
System is scalable, flexible and high-performance. Testing of the new
solution
encompassed its Credit Transfer, Direct Debit payments, IBAN/BIC lookup,
validation, accounting and advising. This standard for testing was
established
in 2007 when payment throughput of 4.3 million an hour was achieved.
Dovetail solutions was founded in 1999, providing hardware and technology
solutions to banks worldwide.

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MasterCard’s Oscar Commercial Draws Attention

MasterCard’s “Studious Pupil” commercial was one of the most entertaining commercials in the “Oscars.” The ad featured a 20-something guy, in a shrunken shirt and red tie, with a new eye for “searching for the priceless things in life.” The MasterCard commercial got favorable response and ranked very high in entertainment value, particularly with Facebook users. Using “MIMIEO,” fans on Oscar Night watched and voted on ads shown during the “Academy Awards” broadcast. Thousands of responses were collected from multiple platforms including social networking Web site Facebook, mobile phones, and the web. Men and women were asked to rank how well they liked the entertainment value of each ad, and whether they were more or less likely to purchase the product after seeing the commercial. A four times increase in Facebook traffic over the Super Bowl was observed, indicating a growing preference for people to communicate with social networking websites.

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MONITISE EXEC

Monitise Americas has appointed Jeff McLaughlin as the Executive VP
of Mobile Strategy to drive accelerated mobile banking use in the US,
Canada and Mexico. McLaughlin brings with him over 13 years’ experience
in the wireless industry, having worked with such organizations as
mFoundry,
McCaw Cellular/AT&T Wireless, BCGI, GetConnected and Refresh
Mobile, and is the author of “Consumer’s Guide to Cell Phones & Wireless
Service”. Since its inception in the Fall of 2007, Monitise Americas has
signed
agreements with 20 financial institutions to provide customers the
convenience
of “Mobile Financial Services”, which includes account review, funds
transfer
and text message alerts.

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ACH Webinars Slated for Mid March

ACH Direct will host a series of webinars on ACH topics, produced and presented by the Upper Midwest ACH Association, beginning March 11th. Registered participants will be able to view presentations beginning with an “Introduction to ACH” followed by “Authorization Requirements”, “Unauthorized Entries and Stop Payments”, “Exception Processing (Returns & NOCs”, “e-Check Conversion Products”, “WEB and TEL Entries” and “ACH File Formats- Record Information.” ACH Direct is a payment processor offering a comprehensive suite of payment processing and risk management solutions for credit card, debit card and E-check (ACH) acceptance.

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Little Caesar’s CardGame Gets Underway

Little Caesar Enterprises and Pepsi-Cola have teamed up to offer a scratch-off game card. “Family Fun Instant Win Game” delivers a fully integrated national promotion, providing Little Caesars customers across the country with an overall 1 in 25 chance of winning. Prizes include home entertainment systems, family fun night packages with retail certificates and Little Caesars gift cards; MP3 players; $10 Little Caesars gift cards; Little Caesars pizza and Crazy Bread; and Pepsi-Cola beverages. Little Caesars is the largest carry-out pizza chain in the world with restaurants on five continents.

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Global Cash Access Names a New EVP/CFO

Global Cash Access has hired George Gresham, former CFO, Chief Administrative Officer and EVP of EFD|eFunds, as EVP and CFO. During his tenure with EFD|eFunds, Gresham was responsible for all facets of financial management including financial controls and reporting, domestic and international taxation, financial planning, treasury, and investor relations. EFD|eFund’s operating profit, cash flows and revenues all expanded dramatically during his tenure. Prior to Gresham’s tenure at EFD|eFunds, he was with Deloitte & Touche, serving as a member of its Assurance and Advisory Services group. He holds a BS in Accountancy from Northern Arizona University, an MBA from the Thunderbird School of Global Management and is a Certified Public Accountant.

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ZEBRA EXEC

Zebra Card Printer desktop card printer solutions has appointed
Wael Hasan as Middle East Channel Manager for which he will lead
business development efforts across the region in support of its plastic
card printers from the Dubai offices. This development was due in part
to the organization’s recent growth, paired with Wael’s experience in the
industry at such companies as Emitac, Exceed IT Services and
SEDCO. Zebra Card Printer Solutions, a division of Zebra Technologies
Corporation, delivers on-demand printing solutions in 100 countries
around the world to various sectors over range of applications.

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SINGAPORE SMART CARD MARKET

According to Frost & Sullivan research, APAC Integrated Smart Cards
and Biometrics Markets, the smart card market in the southeast Asian
market, which was worth $249.1 million in 2007, is expected to reach
$822.2 million by 2013 due to heavy expansion of projects in national
ID/e-passport programs. Further reflecting rapid growth in this market,
the rate of expansion in 2006 was 55.2 %. APAC Integrated Smart
Cards and Biometrics Markets provides subscription-based research
services while Frost & Sullivan Consulting Company provides corporate
clients with solutions to accelerate growth and has partnered with Global
1000 companies through its more than 30 offices around the world.

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MICROS & PLANET PAYMENT

MICROS Retail Solutions and Planet Payment multi-
currency payment and data processor have
partnered to launch an end-to-end integrated payment solution. With this,
the solution establishes an integration between the MICROS Payment
Gateway and Planet Payment’s card transaction processing platform to
its acquiring banks and processors, allowing merchants to link card
terminals
and processing to management systems. Moreover, MICROS has modified
its POS applications to support the organization’s multi-currency
processing
solution and “Best Rate Guarantee”. Planet Payment payment and data
processor provides data reporting/management and integrated payment
solution support to merchants across the world while MICROS Systems
provides enterprise applications
to 310,000 service and retail operations across more than 130 countries.

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