TRM Exits the Photocopier Business

OR-based TRM has entered into a definitive agreement to sell its U.S. photocopier business to TRM Copy Centers for $9.2 million. TRM and the purchaser have also entered into a Facilities Maintenance Agreement and Transition Services Agreement which provide for certain services to be provided by and for TRM during a transition period that is expected to be between 45 and 180 days. Over 100 employees will be transferred with the sale of the Photocopier business. TRM Corporation is a global consumer services company that primarily provides convenience ATM services in high-traffic consumer environments. Skyview Capital, LLC (http://www.skyviewcapital.com), a private investment firm headquartered in Beverly Hills, Calif., specializes in the acquisition and continuous management of “systems – critical” enterprises in the areas of technology, telecommunications, business services, and niche manufacturing.

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Small Business Use of Credit Cards Increase

The largest lenders continued to focus on the market for loans under $100,000, especially the business credit card market. The SBA says this market accounted for 70% of the total number of micro business loans in June 2005. The largest lenders♠share of the market for loans between $100,000 and $1 million remained relatively unchanged, in both amount and number. The number of small business loans outstanding under $100,000 increased 25% between June 2004 and June 2005. The SBA report also noted that the number of small business loans outstanding between $100,000 and $1 million increased 5% during the same period.

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NCR RFID Retail Compliance is Released

NCR has released an out-of-the-box solution that enables manufacturers to quickly and readily meet retailers’ mandates for delivering merchandise with radio frequency identification tags at the case and pallet level. The package, “NCR RFID Retail Compliance,”0 provides companies with all the components needed to install and implement an RFID tagging solution in a matter of hours. The solution consists of NCR application software, an RFID printer, a bar-code scanner and a startup supply of RFID labels that comply with the EPCglobal Generation 2 standard. Also included is a year of software telephone support.

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LINK Adds Incentives to ATM Operators

The LINK Scheme this week agreed to change its rules to provide incentives to ATM operators to deploy free cash machines in target communities without free machines. The deal represents the culmination of six months of work in an ATM Working Group. However, a small but significant number of such communities had either
only charging machines or no machines at all. The Working Group
estimated that around 600 new free machines would address the need for
free-of-charge cash access in these areas. Last month, Bank Machine joined HBOS, the Royal Bank Group and HSBC in pledging to install free-to-use ATMs in Link-defined low-income areas. The Company says about 600 areas requiring free-to-use ATMs have been identified and so far the Banks have only managed to reach 500 in terms of their commitments. Bank Machine is bridging the gap by providing at least 100 cash machines for appropriate sites, matching the offers made by HBOS and HSBC.

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ClickandBuy Version 2.0 Released

NY-based ClickandBuy released “ClickandBuy Version 2.0,” enabling merchants to provide more billing options and allow consumers to create new accounts where they can hold money on balance in a personal “ClickandBuy” account. Phone billing, which is popular in Europe, will be introduced by ClickandBuy during the Spring of 2007. With this new version, the company will also unveil a peer-to-peer payment system in 2007 where consumers can buy and sell digital goods to one another. The new platform offers consumers more options, such as the ability to create a personal account – similar to a bank account – with a balance, eliminating the need to “pay as you go.” ClickAndBuy is the leading payment provider for digital content and e-services for online and mobile content.

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VISA Contactless Hits the Road Running

VISA USA announced the launch of its first contactless prepaid cards. MetaBank will be the first financial institution to issue the cards. Beginning this month, the “VISA Contactless” prepaid cards became available to clients of Meta Payment Systems. The new “VISA Contactless” prepaid cards are embedded with a radio-frequency chip that allows consumers to make a contactless transaction by holding their card in front of a reader at checkout, instead of swiping it or handing it to a cashier. In the U.S., more than 30,000 merchant locations accept contactless payments. Consumer adoption of “VISA Contactless” volume has grown an average of 34% per month over the last fiscal year, with the average transaction worth nearly $17. For the same time period, the number of “VISA Contactless” transactions has grown an average of 34% each month.

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December 23rd to Hit Record Card Volume

VISA USA anticipates that Dec 23rd will be the busiest shopping day of the 2006 holiday season followed closely by Dec 22nd, as consumers take advantage of an extra shopping day and deeper discounts at retail outlets. VISA also notes that early procrastination by consumers this holiday season contributed to moderate sales heading into “Black Friday. Consumers were late getting to the shopping malls and online retailers in November, but VISA anticipates that the strongest shopping days are yet to come. VISA did not release “SpendTrak” data to the media this year as the Company prepares for an IPO in 2007.

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Synovus Selects Corillian Intelligent Authentication

Corillian announced that Synovus has selected Corillian “Intelligent Authentication” to provide enhanced security protection to Synovus’ online banking service. Corillian Intelligent Authentication validates the identities of online customers by asking personally relevant challenge questions beyond a user name and password. Synovus (NYSE:SNV) is a diversified financial services holding company with more than $31 billion in assets based in Columbus, GA. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 40 banks and other Synovus offices. Corillian is the market leader of online banking, payment and security solutions to the financial services industry.

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Monster Makes PayPal Available on its eCommerce Site

Monster this week announced PayPal will be available as a payment method on Monster’s eCommerce site.. Millions of merchants already use PayPal to accept payments for their e-commerce sites. Now it is even more convenient for merchants to use the funds already stored in their PayPal accounts to help them staff their businesses for the new year with Monster’s recruiting services. Monster(R) is the leading global online careers and recruitment resource. PayPal, an eBay (NASDAQ: EBAY) company, enables any individual or business with an email address to send and receive payments online securely and easily using a bank account, credit card or stored balance.

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Home Depot Links to the Citi ThankYou Network

Citi and The Home Depot, the world’s largest home improvement retailer, are expanding their strategic relationship. “The Home Depot Rewards MasterCard” and “The Home Depot Business Rewards MasterCard,” both of which have no annual fees, will join the “ThankYou Network” rewards program. As part of the “ThankYou Network,” “The Home Depot Rewards” cardholders – both consumers and business owners — will continue to earn two points for every dollar spent at over 1,800 The Home Depot and EXPO Design Center locations and one “ThankYou Point” per dollar spent on all other purchases made with their card in the United States. In addition, cardholders earn bonus points with their first purchase equivalent to a $25 gift card reward. The transition to the “ThankYou Network” will occur in the spring of 2007.

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Fair Isaac Enhances its Loan Center

Fair Isaac has enhanced its “Loan Center” for consumers at its consumer Web site to provide an online “one-stop shop” for consumers to obtain their FICO credit scores and related information and apply it to pursue personal financial goals such as purchasing a home or refinancing a mortgage. myFICO’s website introduces consumers to the lending process and loan types, and helps them decide if the timing is right. Then based on their FICO score, consumers can learn in real time what lenders will likely offer them in estimated annual percentage rate (APR) and monthly payment. Consumers can also learn if refinancing an existing loan would be worthwhile, perhaps in response to a new interest rate or an improved FICO score.

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Hypercom Names a New Multi-Lane Systems Group Exec

AZ-based Hypercom has named Gary Franza as Vice President and General Manager for the Multi-Lane Systems Group, replacing the former general manager. Mr. Franza brings to the organization a wealth of experience including substantial background in managing indirect and direct distribution sales channels. His background includes over 15 years of global sales and general management experience at WatchGuard Technologies, Insight Enterprises and Hayes Microcomputer Products. Hypercom Corporation (NYSE: HYC) delivers a full suite of high security, end-to-end electronic payment products and services.

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