Mobilians and NHN USA Team for M-Payments

Mobile payment provider Mobilians and NHN USA will launch a new payment service that will provide NHN USA’s online gaming customers the ability to make secure online purchases. NHN USA Customers will soon be able to charge online gaming items and subscriptions to their monthly phone bill. The service is targeted at consumers who do not have credit cards and to parents who want peace of mind, allowing secure purchase transactions without the use of a credit card. Mobilians is a mobile payments and e-commerce company while NHN USA is a subsidiary of NHN, a provder of search engine-based portal and multiple game sites.

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AmEx Women Entrepreneur Promo Names Winners

Awarding women based on their ability to build and sustain companies with the growth potential of $1million or more in annual revenues, the American Express “Make Mine a Million $ Business program” offers select winners coaching from “Count Me In”, up to $50,000 in financing from AmEx, a Cisco “Smart Business Communications” network, FedEx discounts, a $500 Marriott gift certificate, a Dell Notebook PC and free flights on Jet Blue air carrier. The 3rd annual ceremony was held on January 23, 2008 at Universal Studios Hollywood and, among a pool of 1,200 women, 20 were chosen and 10 received awards based on poise, business acumen and growth potential joining the 112 existing “Make Mine a Million $ Business” winners awarded by Count Me In since 2005. Among the 2008 winners were Miracle Wanzo, who was awarded the grand prize for her convincing speech on lingerie, Lee Gilbert for her assertion that CycleAware, the company which she founded, makes bike riding safe and Lynette Jee as Hawaii’s best purveyor of tea.

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Card Fraud Tops the FTC ID Fraud Survey

A new report states that credit card fraud was the most common form of reported identity theft at 23%, followed by utilities fraud at 18%, employment fraud at 14%, and bank fraud at 13%. The Federal Trade Commission annual list of top consumer fraud complaints found that of 813,899 total complaints received in 2007, 32% or 258,427 were related to identity theft. Consumers reported fraud losses totaling more than $1.2 billion; the median monetary loss per person was $349, the FTC report states. In 2007, the FTC received almost 140,000 more consumer fraud complaints than in 2006. These additional complaints came from numerous data contributors, primarily the Better Business Bureaus.

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Transoft Adds Three Sales Executives

Transoft International has recently appointed Michael Barrows, Brendan Burge and Eduardo Rius as sales executives across North and Central America in response to increasing demand in the region for automating currency supplies at ATMs, branches and money centers. The new executives will represent Transoft’s “OptiCash”, “OptiNet” and “OptiVault” automated solutions. Eduardo Rius has been appointed as part of the company’s Mexico expansion, Michael Barrows joins the Transoft team from Jack Henry as a representative for its AMP products and will be specializing in cash forecasting while Brendan Burge joins the company from Namsys as a vault management sales person.

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MoneyGram Renews the ACE Cash Contract

MoneyGram has teamed with ACE Cash Express to offer MoneyGram services at its 1,735 stores. Both companies have agreed to a multi-year extension of its contract to offer MoneyGram payment services at its locations across the U.S. ACE’s contract, which includes MoneyGram’s money transfer, ExpressPayment and money order services, would have expired at the end of 2009. ACE first offered MoneyGram’s money transfer service in 1989.

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Vanco Receives PCI Level 1 Certification

MN-based Vanco Services has successfully passed its annual audit as a “PCI Level 1 Compliant Service Provider”. Vanco Services is one of fewer than 400 large-volume processors designated as a PCI Level 1 Compliant Service Provider. On its website, Visa maintains the complete list of Level 1 Compliant Service Providers along with their most recent validation date and the name of the audit firm that performed the assessment. The Payment Card Industry — an organization whose founders includes Visa, MasterCard, American Express and Discover Financial Services — requires that large volume payment processors verify their adherence to well-defined security standards through an independent audit that includes both quarterly network scans and annual onsite assessments. Vanco Services is a provider of electronic payment solutions to businesses and organizations.

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CRYPTOMATHIC & MULTOS

Cryptomathic Security Solutions Provider has joined the MULTOS
Business/Systems consortium, the first Public Key Infrastructure to do
so. Cryptomathic will contribute marketing and technical expertise to
the consortium’s “MAOSCO Business Advisory Group” and will lend
input to forum meetings, affording the MULTOS organization additional
specialists’ knowledge regarding encryption standards to its
specifications.
Furthermore, with this contribution, Cryptomathic’s input will support
MULTOS products such as “CardInk”, “Key Management System” and
“Certification Authority”. The organization’s security solutions are
deployed
across many industry sectors, helping companies build security, while
MULTOS smart card platform has issued over 100 million smart cards in
32 countries and is composed of 19 different manufacturers.

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Card Delinquency Rises 39BPS in January

Credit card delinquency soared in January by 39 basis points hitting its highest level since November 2003. Delinquency, the amount of dollars 30-days past due as a percentage of gross outstandings, is now 84 basis points above year ago levels. According to CardData ([www.carddata.com][1]) delinquency hit 5.40% in January, compared to 5.01% in the prior month and 4.56% one-year ago. Earlier this week Capital One reported that delinquency for its U.S. Cards rose to 5.05% in January, compared to 4.95% in the prior month and 3.79% one-year ago. The issuer also reported that charge-offs hit 6.65% in January, compared to 5.74% in the prior month and 4.01% one-year ago. (CF Library 2/13/08)

DELINQUENCY
Jan 07: 4.56%
Feb 07: 4.63%
Mar 07: 4.66%
Apr 07: 4.72%
May 07: 4.67%
Jun 07: 4.62%
Jul 07: 4.64%
Aug 07: 4.70%
Sep 07: 4.74%
Oct 07: 4.79%
Nov 07: 4.88%
Dec 07: 5.01%
Jan 08: 5.40%
Source: CardData (www.carddata.com)

[1]: http://www.carddata.com

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HPY Certifies ExaDigm’s Payment Solutions

Heartland Payment Systems has awarded “Class A” certification to ExaDigm’s “XD1000 Countertop Payment Solution” and “XD2000 Mobile Payment Solution.” ExaDigm’s XD1000 and XD2000 are PC-based, fully modular payment terminals featuring interchangeable communication modules which eliminate the need to support multiple, same-functionality terminals from one manufacturer and a Linux operating system providing the ability to adapt to changing technologies easily and rapidly. ExaDigm is a provider of modular IP-based wired and wireless point-of-sale (POS) terminal solutions.

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Heartland Payment Sys Q4 Revenue Up 19%

NJ-based Heartland Payment Systems reported that total revenues for the fourth quarter were up 19% to $342 million, but down sequentially. Net income for the quarter was up 4% to $7 million. Net income was impacted by an aggregate $2.9 million pre-tax charge to write off the carrying cost of our Parcxmart investment and for costs associated with the opening and relocation to our new Jeffersonville, Indiana customer service center. Transaction processing volume grew by 17.6% in 4Q/07. Total period end merchants were up 17.1% to 161,000. During the quarter Heartland Payment Systems launched a bank-neutral remote deposit capture system; began offering next day funding services for its credit card merchants; acquired General Meters, a developer and provider of one-card systems for college and university campuses; and filed an antitrust lawsuit against three firms alleging they have caused increased processing prices for table-service restaurants through an anti-competitive tying arrangement. The Company says it is expecting net revenue for the year (total revenues less interchange, dues and assessments) to grow by 16% to 18% and operating income as a percentage of net revenue to be 20% to 21%. For complete details on Heartland Payment Systems’ fourth quarter performance visit CardData ([www.carddata.com][1]). (CF Library 10/10/07; 10/23/07; 11/9/07; 11/28/07)

[1]: http://www.carddata.com

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SINGPOST & VISA

The Singapore Post Limited (SingPost) postal service provider has
made available the VISA Money Transfer Service at its 51 locations
throughout Singapore, allowing the transferring of funds directly to
VISA cards in 9 different global markets. These markets include
Australia, China, India, Indonesia, Malaysia, The Philippines, Sri Lanka,
Thailand and the United Kingdom. Senders can remit no more than
S$3,500 per day and will be charged a flat fee of S$9.00 per transaction
for the transfer of funds to any VISA cardholder in the aforementioned markets, who in turn can use the funds at any of the 29 million VISA
merchants around the world. VISA is accepted around the world and
has an expansive ATM network in over 170 countries while the
SingPost provides postal services to the citizens of Singapore.

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