Card Activation to Pursue Appeal on Delaware Court Ruling

Card Activation Technologies In the action pending in the United States District Court for the District of Delaware (the “Delaware Action”), the Court recently ruled that the ‘859 Patent owned by Card Activation Technologies is invalid. Card Activation disagrees with this and is to continue the process of determining the issues for appeal. The Court’s Order did indeed invalidate claims of the ‘859 Patent based upon a Section 112 defense first raised by the Court. The opinion neither cites the Third Circuit Court of Appeals’ prior contrary position nor does it distinguish that opinion. We believe this to be one of several errors in the Order. The costs of appeal, as well as the cost of maintaining an ongoing entity, are estimated to reach $750,000.00 over the next two years, weighing on the Company’s finances.

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Flagstar & Elan Forge Card-Issuing Partnership

Elan Financial Services credit card issuer & Flagstar Bancorp now offer its customers the Flagstar Bank-branded credit card program. With this, Flagstar Bank cardholders will benefit from a variety of credit card products with a full one percent cash back feature, merchandise, gift certificates or travel rewards. Special features will also be available for small business cardholders, including rewards for every dollar spent and tools to track and manage their expenses. Elan Financial Services, a full-service credit card issuer, is dedicated to serving financial institutions with best-in-class credit card products and rewards that meet the unique needs of every customer.

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BankAtlantic Launches m-Banking App on Android

In partnership with Intuit Financial Services, BankAtlantic deployed its latest Mobile Banking Application for Android platform phones. Following the recent success of BankAtlantic’s iPhone application launch, BankAtlantic is excited to announce its cutting-edge Mobile Banking platform for Android phones will soon be available. The latest Application will allow Android phone customers to view account balances; recent transactions and transaction history; transfer funds between accounts; and get GPS guidance to locate the BankAtlantic branch or ATM location nearest you. Mobile Banking just got a whole lot easier for Android phone users with BankAtlantic’s Android App – just a snapshot of the total convenience our customers experience.

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ACH Alert granted fraud prevention patent

ACH Alert announced it has been granted a patent for its fraud mitigation system. The ACH “A.L.E.R.T.” patented automated processes provide real-time protection for commercial and individual clients, simplifying the identification of trusted trading partners for the client independent of bank involvement and making the dispute resolution process a “lights out” proposition for the financial institution. Commercial, mid-size and small business accounts are all subject to the same limited return window of one to two days if they are victims of an unauthorized ACH debit. ACH Alert’s patented process’ real-time detection and immediate response to an unauthorized ACH transaction prevent financial loss. The more restrictive ACH debit block results in a systematic return of any ACH debit that is presented and provides complete protection against unauthorized ACH debits. In doing so, filters provide some flexibility but require a business to obtain the company ID that a trading partner will use in their ACH transactions.

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BancVue Partners With Alaska Option Services

BancVue deposit products, internet marketing strategies, online account opening systems and credit card programs to over 1,300 community financial institutions, announced a strategic alliance with Alaska Option ATM/POS network services as well as credit card, debit card, and ATM Services. BancVue Payment Systems introduces a first for community financial institutions”blended network and processing fees that allow for significant cost savings over traditional network-plus-processing fee structures. BancVue Payment Services’ new card payment solutions can be purchased individually or bundled as needed. Alaska Option Services Corporation was founded by financial institutions to provide shared electronic funds transfer (EFT) services to its member banks and credit unions and now offers a full range of card processing, ATM services and card production services to financial institutions throughout the U.S. Visit www.akaskaoption.com.

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HyTrust to Host PCI DSS Compliance Webinar

HyTrust announced programs to further educate and advance industry awareness of issues involving the use of virtualized infrastructure in environments subject to PCI compliance. Through the virtualized datacenter, the controls that need to be implemented to achieve PCI compliance will be addressed in a webinar sponsored by HyTrust in collaboration with SANS Institute will be offered. It will be led by the co-leads of the PCI SSC virtualization special interest group (vSIG)-Kurt Roemer, Hemma Prafullchandra, Mark Weiner and Phil Cox. Second, security professionals and members of the QSA (Qualified Security Assessor) community are invited to attend a workshop on assessing virtualized PCI environments. The workshop will be held on August 28th, 2011 in Las Vegas and features an overview of the new guidelines and case studies that involve previously-audited environments. Register here: http://info.hytrust.com/QSA_course.html

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GAPWise Joins Provider Exchange Network

Provider Exchange Network (PEN), a division of Open Dealer Exchange launched an integration project with GAPWise to offer dealers the ability to rate and contract for Wise F&I products. GAPWise® is one of the oldest and longest running GAP insurance companies in the United States. This connectivity enables F&I Aftermarket Product eContracting directly from dealer software. Embedded into the system, eContracting functions eliminate the need for the dealership user to access multiple applications or have to re-enter critical deal data in order to complete the transaction. Currently, ADP Menu -previously MenuVantage – and The Impact Group Fusion menu integrate to PEN.

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ACI Worldwide Launches Advanced Payment Server

ACI Worldwide international provider of payment systems released its “Retail Commerce Server,” integrated with ISD Corporation’s In-Store suite of products. ACI is now a pre-eminent provider of a truly comprehensive retailer payment solution, serving 14 of the top 25 U.S. retailers. The combined offerings of ISD and ACI Worldwide give merchants a complete payment processing and value add solution; from driving the point of interaction devices in the stores, through to authorization and settlement, while reducing scope of PCI compliance. This offer includes the additional Retail Commerce Server self-managed solutions, such as gift cards, loyalty, check management, and refund management.

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Revel Systems Launches iPad POS

Revel Systems releases an iPad POS KDS to help restaurants go green in the kitchen. The Kitchen Display System is designed to increase efficiency and save paper. The iPad Kitchen Display System (KDS) has 3 modes: Kitchen View, Expedite View, Fryer view. This system displays food orders to chefs, provides feedback about the status of each order and captures service times for management reporting. The KDS provides a higher level of management control and customer service options. Less hardware equals less cost, commonly used KDS systems require a flat panel display and a bump station.

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CSFI Releases pre-paid card regulation Recommendations

The Center for Financial Services Innovation released a set of policy recommendations for the CFPB aimed at extending consumer protections to General Purpose Reloadable (GPR) prepaid cards. CFSI has supported the development of GPR prepaid cards and now recommends all GPR prepaid card providers are required to list the fees for their products in a standardized and easy to understand fee disclosure box; all GPR prepaid cards are required to have FDIC insurance protection; and to ensure consumers have routine access to information about the money in their GPR prepaid cards and that they have protections on their funds like those that are afforded to traditional accounts.

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Targeting Underbanked and Unbanked Gains Priority

Some banks are beginning to test alternative financial services (AFS) products and reevaluate their product offerings in order to reach the population of underbanked and unbanked Americans, according to Underbanked and Unbanked Consumers in the U.S.: Successfully Targeting Consumers of Alternative Financial Services by market research publisher Packaged Facts. P One product that is attractive to unbanked consumers and that financial institutions can leverage is the general purpose reload (GPR) prepaid card, for consumers willing to direct deposit their paychecks to a card account. BB&T became the first large U.S. bank to offer a prepaid debit card linked to a full bank branch and ATM network. The Federal Deposit Insurance Corporation (FDIC) has found that nine million households are unbanked (8% of all U.S. households) and have no checking or savings account with a financial institution.

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YESpay Evolves brand identity

YESpay International just launched a complete rebranding of its corporate and payment products and services, including a new logo along with website and product brochures. This was to add a fresh, new direction to the business in alignment with YESpay’s long term growth strategy. With a solution offered as a SaaS (Software as a service) model, YESpay drives a change in the market due to its ability to mitigate the merchants need to certify their retail systems to EMV Chip and PIN standards. This enables the merchant to fast track the deployment of fully approved point-of-sale (POS) systems and e-commerce websites in a matter of weeks at low monthly subscription fees. In addition, YESpay’s Payment solution, EMBOSS, significantly reduces the burden related to PCI-DSS compliance, as YESpay removes any sensitive card details from the merchant’s environment.

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