Heartland Named Best Company to Sell For

Selling Power magazine has named Heartland Payment Systems the No. 1 service company to sell for in the
United States for the third consecutive year. Selling Power evaluated more than 500 companies for the
award and chose Heartland based on its compensation model. The model includes signing bonuses and
long-term portfolio ownership with ongoing residual income. Selling Power’s “50 Best Companies to Sell For” list is in its tenth year and
ranks the top 25 best service and the top 25 best manufacturing companies to sell for based on compensation, training and career mobility.

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SIGNATURE

Tesco Bank is now live on the Fiserv “Signature” bank platform.
Initially with the Tesco “Bank Fixed Rate Saver,” the “Signature”
platform was chosen based on its ability to provide an innovative,
end-to-end banking solution that is proven in markets around the world.
It will also introduce enhancements in online banking with Fiserv’s
“Corillian Online” and customer interaction and campaign management with
“Aperio.” Tesco Bank is the UK’s largest supermarket bank with 6.5
million customer accounts and Fiserv is a global provider of information
management and electronic commerce systems for the financial services
industry.

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Credit Card Issuers Don’t Expect Big November

Traditionally an important month for the credit services industry and
card issuers, projections show this November might not be quite as
fruitful. The number of open credit card accounts in the US is
decreasing rapidly and consumers will be relying far less on credit
cards this holiday season. Since 2Q/08, the number of open credit card
accounts has dropped 24% while revolving credit dropped for a 25th
consecutive month by an annual rate of $8.3 billion, or 12.1%. Avoiding
credit card use, 69% of shoppers are planning to primarily use only
debit cards, cash, checks, gift cards and prepaid cards to pay for gifts
this holiday season. Overall, 43.0% plan to use debit cards as their
primary form of payment for the holidays and 25.7% plan to use cash.
Moreover, 25% of consumers who used their credit card for holiday
shopping last year said that they are less likely to use credit cards
for purchases this year while 10% intend to not use them at all. These
findings, according to the Bedford Report and the Green Dot Corporation,
also show only 27.6% of shoppers plan to use credit cards at all.
Meanwhile, more than half those age 35-44 and 45-54 were concerned about
accumulating holiday shopping debt; women are more likely than men to
say they are at least somewhat concerned about accruing debt at 52% vs.
45%, respectively(Cardflash Library 11/22/10).

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10% Fewer Holiday Shoppers to Spend Less Y/Y

Consumers expecting to spend less this holiday season has fallen 10%
since the year ago period to 55% on the Discover “U.S. Spending
Monitor.” The year ago figure indicated 65% intend to spend less on
holiday gifts than they did the year before while 75% of the 10% who
wont spend less will spend about the same and 25% project actually
spending more. Additional findings show 14% of consumers between 18-39
will spend more compared to the year ago figure of 11% and 12% of those
making more than $75k annually will spend more compared to 9% last year.
In 2007, before the recession, 20% sought to spend more than the
previous year, compared with the only 10% seeking to spend more than in
2009, which is still up from the year ago figure of 7%.

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Sterling Payment Technologies Appoints SEO

Sterling Payment Technologies has appointed Stephen D. Kane Senior Executive Officer, Business Development, Mergers and Acquisitions and been appointed to its Board of Directors. He will be responsible for identifying and executing mergers, acquisitions, arranging financings and establishing a relationship with a major private equity partner for Sterling Payment, an area in which he has extensive experience. He has completed over 160 acquisitions in the last 25 years and has worked with a number of the leading private equity firms in the U.S. In 1987 Kane sold Endata to FFMC, then one of the fastest growing public companies in the U.S. and focused on the transaction processing industry, which went on to become the largest U.S. merchant acquirer as the parent company of NaBanco, and also owned TeleCheck, Western Union, MicroBilt and several other major companies. In late 1995, FFMC was sold to First Data Corporation for $7.1 billion. In April 1999, Kane founded International Payment Services, L.L.C. (“IPS”) with GTCR Golder Rauner L.L.C., a private equity firm, and acquired NPC’s Check Service Division to form International Check Services, which became, through acquisitions, the third largest check guarantee firm in the U.S. before being sold to TeleCheck. He then joined First American Payment Systems, LP as Senior Executive Vice President, Business Development, Mergers and Acquisitions and became a Director of the company.

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HAINAN INTL CARD

UnionPay is set to issue “Hainan International
Tourism Island” Card in Haikou jointly with 10 card issuing
institutions. These include the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China
Construction Bank, Post Savings Bank, China Everbright Bank,
Shenzhen Development Bank, Shanghai Pudong Development Bank,
Bank of Shanghai and Hainan Rural Credit Cooperative. The “Touring China” series UnionPay cards are specially designed by UnionPay together with card issuing banks for the convenience of tourism payment. The product features providing tourism privileges in various regions and travel consultation and reservation service. The card can realize the sharing of travel resources nationwide through a unified
exclusive mark Touring China and provide convenient and preferential travel payment service to cardholders.

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Visa Offering Holiday Online Shopping Services

Visa has introduced its “Borderlinx” in 12 countries around the world and “SkyBOX” online shopping services in more than 40 countries in Latin America for Visa cardholders. Cardholders in Australia, Bahrain, Canada, China, Kuwait, New Zealand, Oman, Qatar, Russia, Saudi Arabia and UAE can now register with “Borderlinx” for free and enjoy shopping at thousands of online merchants from the U.S. and the U.K. Through “SkyBOX,” Visa cardholders in any Latin American or Caribbean country can also register for free and shop at online U.S. merchants. This gives them fast delivery and “Borderlinx” users get 10% savings in select countries during promotion periods. In Latin America, “SkyBOX” users get a $10 discount on their first shipment on top of free registration.

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PURCHASE CONTROL

ING is making available to corporate clients MasterCard “InControl” Purchase Control. This will offer control and flexibility in payments management and allow them to better analyze and control their spending. With “Purchase Control,” users are given unique purchasing card numbers for one-off purchases within a particular timeframe and with a maximum transaction value. ING will work with its customers to set-up the appropriate software so that each purchase can be duly authorised through internal control and procedures and capture the required level of information.

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VERIFONE & GEMALTO

Banco Popular North America is launching MasterCard “Platinum XTRA,” awarding customers 1.5 Popular Reward Points for every dollar spent on all purchases. This allows clients to earn awards more quickly and features several enhanced benefits. The new card complements Banco Popular’s Platinum and Secured MasterCard Platinum XTRA. It rewards 1.5 Reward points on all purchases in everyday shopping, such as groceries, gas, clothes or for paying bills. Rewards can be redeemed for a wide variety of items like travel packages, gift cards, certificates and statement credits. MasterCard Platinum XTRA offers 0% APR for nine months on balance transfers completed within three months of account opening.

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Tesco Bank Live on Fiserv Bank Platform

Tesco Bank is now live on the Fiserv “Signature” bank platform. Initially with the Tesco “Bank Fixed Rate Saver,” the “Signature” platform was chosen based on its ability to provide an innovative, end-to-end banking solution that is proven in markets around the world. It will also introduce enhancements in online banking with Fiserv’s “Corillian Online” and customer interaction and campaign management with “Aperio.” Tesco Bank is the UK’s largest supermarket bank with 6.5 million customer accounts and Fiserv is a global provider of information management and electronic commerce systems for the financial services industry.

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MasterCard Makes Available Holiday Discount Portal

MasterCard Worldwide is expanding its “Overwhelming Offers” program on MasterCard “MarketPlace” personalized online shopping portal to deliver daily Black Friday deals every day until December 24, 2010, excluding Thanksgiving day. This will Provide Mastercard cardholders savings of 50% off or more on purchases from brand-name merchants. Mastercard’s “Marketplace” provides personalized shopping deals through more than 25,000 merchants nationwide across 19 categories. In conjunction with this promotion, the card network is also kicking off a fully-integrated broadcast, online advertising and social media marketing initiatives platform.

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