Alltel Offers MobileCharge on its PDAs

AR-based Alltel is now offering MobileVision’s “MobileCharge” solution bundled with a magnetic stripe reader and printer from Infinite Peripherals on the BlackBerry “7250” and “7130e” and the Palm “Treo”. Infinite Peripherals, founded in 1993, is a source for advanced mobile hardware solutions as well as receipt and OEM printers for the Point of Sale market. MobileVision creates innovative, productivity enhancing wireless applications that are compatible with handsets running RIM BlackBerry(TM), Palm Treo(TM), and Windows Mobile operating systems.

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Pipeline Data Acquires Valadata

MA-based Pipeline Data has acquired Valadata for $5.4 million in cash and a two-year earn-out of $1.5 million. Pipeline also acquired a separate retail portfolio for $500,000. The Company recently reached an agreement with several institutional investors to purchase $37 million of convertible notes and warrants to be used to refinance short-term indebtedness and to fund acquisitions. Pipeline also recently reported gross profit for the first quarter of $2.9 million, a 121% increase. The Company provides integrated transaction processing services to more than 33,000 accounts. (CF Library 5/17/06; 6/29/06)

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ROAA Declines for the Third Straight Month

The return on average credit card assets has begun to decline after digesting the autumn 2005 explosion in personal bankruptcies and now facing rising delinquency and charge-offs. After dipping below 100 basis points in November the ROAA has steadily surged, peaking at 2.46% for March but slipping slightly for three consecutive months. The ROAA is determined by dividing the after-tax return by the average managed card outstandings and then annualizing. The figures do not include the impact of American Express and Discover performance. Rising interest rates, higher minimum payments and increasing energy costs appear to be pushing delinquency upward. Therefore, the ROAA is headed back to more realistic levels.

RETURN ON AVERAGE ASSETS
May 05: 1.17%
Jun 05: 1.19%
Jul 05: 1.28%
Aug 05: 1.39%
Sep 05: 1.46%
Oct 05: 1.40%
Nov 05: 0.84%
Dec 05: 0.81%
Jan 06: 1.11%
Feb 06: 1.98%
Mar 06: 2.46%
Apr 06: 2.40%
May 06: 2.37%
Source: CardData (www.carddata.com)

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Camp Jeep Offers a Free Gasoline Card

The Chrysler Group is offering Jeep vehicle owners a $75 gasoline card for this year’s “Camp Jeep” to be held in Elkhart Lake, WI. Owners who register before July 24 for Camp Jeep — the family-friendly event is being held for the first time ever at Road America in Elkhart Lake, Wis., August 10-12 — will receive a $75 gasoline card and during the Jeep Jubilee that Saturday night, the headliners are The Blues Brothers, starring Dan Aykroyd and Jim Belushi. amp Jeep registration is $395 per vehicle. Those who refer a friend who registers will receive a $25 discount card to be used at the Jeep Store on site.

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SecureState Receives QDSC Accreditation

Cleveland-based SecureState has received its “Qualified Data Security Company” accreditation. This qualification enables SecureState to perform PCI Data Security Assessments for merchants and service providers who store, process or transmit payment card data. As a Visa QDSC, SecureState’s security and certification services are at the core of their proactive and dynamic security program which exceeds industry regulatory standards. SecureState LLC, a woman-owned certified 8(a) small business, is a premier provider of innovative security solutions that address Physical, Logical and Personnel security layers.

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MyECheck Launches its Version 2.0

CA-based MyECheck has launched version 2.0 of its patent pending Check 21-based Internet payment system. Merchants can now collect consumer payment information on their website in their own format, and pass the data to MyECheck for real-time fraud screen and RCC (remotely created check) image creation and clearing, with same day or next day availability of funds. MyECheck, a privately held corporation, offers a patent pending method of creating and processing remotely created checks (RCCs), providing the world’s first Internet gateway to Check 21 image processing.

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RSC Equipment Rental Launches RSC ePay

AZ-based RSC Equipment Rental is piloting an on-line payment option for its construction and industrial equipment customers which includes options for debit cards, credit cards, and DDA ACH. RSC ePay is part of RSC Online(TM), the web portal available at www.rscrental.com that customers can use to reserve equipment, manage reports about rental transactions, and call equipment off rent. Rental Service Corporation, a company within the Atlas Copco Group, is a leading provider of equipment rental services for the construction, industrial/petrochemical, manufacturing and governmental sectors in the United States, Canada and Mexico.

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Thames Card Technology Teams with Sagem Orga

Essex-based Thames Card Technology has expanded its manufacturing alliance with Germany’s Sagem Orga. The partnership will
combine a manufacturing infrastructure of over 650 million cards per year to service large scale card issuers across Europe. The two companies have been collaborating for three years. However, the new relationship will include contingency and load balancing
arrangements between the three primary European hubs in Angouleme
(France), Flintbek (Germany) and Rayleigh, Essex (UK). Thames Card Technology has more than 250 employees and has a capacity to manufacture and personalize over 400 million cards per year.

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Yields Drop in May but Stay Healthy

Credit card portfolio yield, which is primarily cardholder finance charges, nose-dived 120 basis points during May. However, the figures have remained well above last year’s performance despite the the rise in short-term interest rates. Yields have been preserved due to the variable nature of interest rate terms. Among asset-backed credit card bonds the May yield dropped to 17.61% in May compared to 18.81% for April. FitchRatings says the drop was possibly due to a shift in day count during the month of February, an effect that has percolated onto and normalized May’s number. The May figure is 71 basis points above the year ago level.

ABS HISTORICAL
Prime Rate Yield
Dec 7.25% 17.26%
Jan 7.50% 17.96%
Feb 7.50% 17.56%
Mar 7.75% 17.91%
Apr 7.75% 18.81%
May 8.00% 17.61%
Source: FitchRatings

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Diebold Speeds-Up MS Software Updates

Diebold has developed an electronic system for notifying financial institutions about “Microsoft” software updates for Windows-based ATM networks. The new “Software Update Notification System” pre-qualifies each update through Diebold-specific testing and use recommendations. On the second Tuesday of each month, when Microsoft releases new software updates for its Windows platform, Diebold assesses each update for applicability to Diebold terminal software operation and, if applicable, tests updates to ensure proper operation within Diebold software applications. Software updates are posted to the “Diebold Customer Internet Support” Web portal.

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Casino Loyalty Cards Draw Low Response

A new poll by Harris Interactive has found that 41% of adults have been to a casino in the past 12 months, but only 24% participate in a casino loyalty card program. Perhaps this is because people say they look for an entertainment experience, and not just gambling. This Harris Poll was conducted online within the United States between June 7 and 13, 2006 among 1,172 adults (aged 18 and over). Harris Interactive is the 13th largest and fastest-growing market research firm in the world. The company provides research-driven insights and strategic advice to help its clients make more confident decisions which lead to measurable and enduring improvements in performance.

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