Chase Paymentech Launches 5th Annual Index

With the 2009 holiday season having indicated healthy growth, this season is projected to be just as-if not
more-healthy. Holiday online sales volume and transaction count both increased sharply in 2009, but the
average amount per sale declined just as it did in 2008. Overall, sales volume for the 2009 holiday season
was up 17% versus 2008 and transaction count was up 30% but average value was down an unanticipated 9%. This, according to the Chase “Paymentech Pulse Index,” is the culmination of millions of payment transactions data through 50 of the top U.S. retail Web sites according to Internet Retailer magazine. For the 2010 holiday season, Chase “Paymentech” will be deploying the fifth annual edition of the “Cyber Holiday Pulse Index,” which is updated every business day throughout the holiday period, from Nov. 4 through Jan. 6.

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Zebra Launches e-Wristbands

Zebra Technologies automatic identification solutions has rolled out its “Z-Band Fun” and “Z-Band Splash” this week at the International Association of Amusement and Attractions (IAAPA) show. The economical bar coded wristbanding solutions are ideal for amusement parks, theme and water parks, sporting events, and concerts. The wristband’s on-demand printing capability promises to create a splash in the amusement and attraction market. This will allow cashless POS and increased spending per visitor; capture of guest preference information; attractions can use collected market data to market to guests; guest prioritization by using wristband floodcoated colors, graphics and bar codes to indicate which services a guest is eligible for and allow the business to offer benefits to preferred customers, such as shorter lines or free lockers or beverages.

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Coulomb Launches MasterCard Contactless Payment

Coulomb Technologies electric vehicle (EV) charging station infrastructure unveiled the first ChargePoint Network charging station for electric plug-in vehicles that accepts MasterCard “PayPass” contactless payments. The two ChargePoint stations are part of the ChargePoint America program and allows EV drivers in the Bay Area to pay for parking and charging their electric cars quickly and conveniently by simply tapping their PayPass-enabled MasterCard card on a PayPass-equipped reader designed and developed by Uniform Industrial Corporation. Coulomb has shipped more than 850 ChargePoint stations worldwide and has installations in more than 14 Bay Area cities including San Francisco, San Jose and Walnut Creek, building on growing momentum to establish the Bay Area as an epicenter for electronic vehicle usage and infrastructure development. Coulomb Technologies’ ChargePoint stations will continue to accept their proprietary ChargePass contactless payment cards, along with MasterCard PayPass contactless payments, allowing users to tap their PayPass cards or devices on PayPass readers located directly on the charging stations.

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Ariba Completes Asset Sales to Accenture

Ariba leading provider of collaborative business commerce solutions has completed the sale of its sourcing services and business process outsourcing (BPO) services assets to Accenture. Originally announced on October 6, the acquisition gives Accenture ownership of Ariba’s category expertise, sourcing process expertise and strategic sourcing execution resources. Ariba has retained its sourcing technology and the resources within its Global Services organization that are dedicated to software implementation, enablement and adoption. Ariba will continue to provide customers with services that help them maximize their use of Ariba’s solutions and the results that they deliver.

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OTI Posts 91% Revenue Increase for 3Qs 2010 Y/Y

On Track Innovations contactless microprocessor-based smart card solutions announced 3Q/10 total revenues of $15.8 million, a $10.5 million drop from the year ago quarter. For the first 9 months of 2010, however, revenues totaled $43.6 million, a 91% increase compared to $22.8 million last year. Additionally, non GAAP operating expenses were $6 million compared to $ 6.1 million the year prior; GAAP operating expenses were $ $7 million vs $7.2 million last year; GAAP operating profit was $1.4 million compared to the $3.5million loss in 3Q/09; and revenues from licensing and transaction fees of $999,000, down from $1.8 million in the prior quarter. OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. OTI applications include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs.

TOTAL REVENUE
1Q/09: $ 8.4 million
2Q/09: $16.9 million
3Q/09: $26.3 million
4Q/09: $ 8.6 million
1Q/10: $14.4 million
2Q/10: $27.8 million
3Q/10: $15.8 million
SOURCE:Carddata.com

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LaserCard to Showcase Multi-Purpose ID Cards

LaserCard secure ID solutions is set to highlight its multi-technology smart card solutions at the 9th Annual Smart Card in Government: Identity, Security & Healthcare Conference to be held Nov. 16-19 in Washington, DC. The Company will showcase its innovative approach to integrating multiple ID technologies on a single ID card, addressing the expanding security and functional needs of government ID programs around the world. LaserCard Corporation’s booth is #207. The rapid expansion of government identity and security initiatives, including expanded government efforts to improve and implement secure electronic medical records, is driving innovation in identity applications ranging from Patient ID to e-government to border crossing.

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PayPal to Use Axiomatics Access Management

Axiomatics XACML authorization solution supplier has partnered with PayPal for its “Attribute Based Access Control” (ABAC) software solution. Servicing millions of users, PayPal operates an IT environment representing the largest XACML-based authorization deployment to date and will be using Axiomatics’ intelligent access management solution for the “ABAC.” The ABAC includes the Axiomatics Policy Server (APS), the Axiomatics Policy Auditor (APA) and Axiomatics’ policy modeling know-how in the form of professional services. Axiomatics access management products utilize XACML 2.0 and the 3.0 draft to provide enterprise-wide, fine-grained, context-aware authorization tp provide security management systems that can be integrated into virtually any existing IT platform.

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Bridge Community Bank Reviews NACHA ACH

Aptys Solutions payments network for financial institutions and IA-based Bridge Community Bank announced positive results from the NACHA-initiated “Deposited Check Truncation” (DCT) Pilot. Facilitating the truncation of low-value consumer checks between financial institutions, the NACHA-initiated “Deposited Check Truncation” (DCT) Pilot is projected to save the Bank significant cost-savings with ACH, of which 50% of the items Bridge Community Bank handles are truncation-eligible. This comes on the heels of the Federal Reserve having announced its reducing electronic image pricing 12-13% for 2011. Bridge Community Bank has participated in the DCT Pilot since its launch in August using Aptys Solutions’ “PayLOGICS” payment processing.

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MultiCarta Initiates Compass Plus Processing

Russia-based transaction processing center MultiCarta is set to implement the Compass Plus “TranzWare” processing. MultiCarta is a member of the VTB Group of companies and consolidates the processing service of all the banks within the group by replacing in-house solutions with outsourced processing. Increased business volumes, new requirements from customer banks in different countries and the reliability of the processing system are all factors that led to the need to upgrade their multi-vendor processing infrastructure. MultiCarta selected Compass Plus after a competitive bidding process due to its speed of implementation, flexible product architecture and stable operation even under heavy transaction volume. MO-based Compass Plus retail banking software and electronic payments organization is an international provider of electronic funds transfer (EFT) and payments technology serves more than 100 customers in 25 countries, offering payment card management, fraud detection, transaction processing, mobile and electronic commerce.

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iPayment Posts 3Q/10 Revenue Down $8mm Y/Y

iPayment 3Q/10 revenues were down to $175.1 million for 3Q/10 from the $182.7 million posted in 3Q/09 and $180.1 million in the quarter prior. Revenues, net of interchange, were $77,898,000 for the quarter compared to the year ago figure of $80,741,000. Net income was $5.2 million for 3Q/10 compared to $3.7 million in the year ago period. iPayment credit and debit card-based payment processing provides its services to approximately 135,000 small merchants across the United States. The payment processing services enable merchants to process both traditional card-present, or “swipe,” transactions, as well as card-not-present transactions, including transactions over the internet or by mail, fax or telephone.

REVENUE HISTORICAL
1Q/09: $170.1 million
2Q/09: $190.2 million
3Q/09: $182.7 million
4Q/09: $174.9 million
1Q/10: $159.5 million
2Q/10: $180.1 million
3Q/10: $175.1 million
Source: CardData
(www.carddata.com)

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SmartMetric Enters Visa/MC Settlement Discussions

On November 10
SmartMetric and defendants Visa and MasterCard
entered into a postponement stipulation with the US District Court to extend the report filing deadline
to November 30th, thus confirming it has engaged
in certain settlement discussions with one of the two defendants. Moreover, this indicates SmartMetric intends to maintain these copyright infringement
discussions on the SmartMetric portable biometric identity and transaction card storing a wide variety of personal information.
This comes after the Company filed a two complaints against Visa and MasterCard, originating from March 15
for patent infringement in United States District Court, for which it was seeking a preliminary and permanent injunction
against each defendant to prohibit any further infringement,
an award of actual damages SmartMetric has suffered by reason of the
infringement, and a royalty on each of the defendant’s infringement. On on May 6 VISA and on May 14 MasterCard filed motions to dismiss, both of which were
denied on June 2 in the US District Court for the Central District of California.
MasterCard has since admitted to having issued more than 50 million “PAYPASS”
cards that use a technology that SmartMetric claims breaches its patent. (Cardflash Library, 2010/07/29, 2010/04/23, 2010/06/08)

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