Cardlytics CEO Gets Entrepreneur Award

Cardlytics transaction marketing CEO, Scott Grimes, was named among three other finalists for TiE Atlanta’s 2010 Entrepreneur Award for “Most Significant Deal of the Year,” which recognizes the extraordinary liquidity or financing transaction of a business founded by an Atlanta-area entrepreneur. Grimes’ inclusion as a finalist is based on Cardlytics’ latest round of growth funding, which raised $18 million in new equity from new investors Kinetic Ventures and ITC Holdings, as well as existing shareholders, including Canaan Partners, Polaris Venture Partners and TTV Capital. Finalists were selected from more than 70 nominees by a panel of Atlanta-based entrepreneurs and investors.

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OBERTHUR

Oberthur Technologies will supply South Africa-based ABSA Bank’s prepaid MasterCard contactless payment card with PayPass capabilities by early 2011.
Offering dual-interface payment technology, to enable both contact and contactless payment transactions, this card is the first of its kind in Africa and has been
designed for use in retail outlets throughout South Africa with faster POS speed. The Mastercard can also be used as a transport token in South Africa”s
transport system. Money can be loaded onto the users card either using cash or directly from a bank account, via a POS terminal, transit kiosk, Internet
banking or an ATM. The balance on the card will be limited to R1500 (USD$210) at any time and a maximum of R3000 ($420) may be loaded on the card per month.

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Flint Telecom to Launch Alterna Prepaid Card

Flint Telecom Group and Power2Process have partnered to introduce their prepaid debit card program through Alterna Card Services, set to deploy in December. Allowing Alterna prepaid debit cards to be sold, registered and loaded in targeted retail outlets in areas with high immigrant populations across the United States, the partnership is focal on providing financial freedom and security for immigrants, non-banked consumers, and anyone looking for a better way to manage money. Functioning just as a debit card, cardholders can withdraw money from any ATM Worldwide, pay bills online and having payroll direct deposit. It also allows users to send money around the world instantly as a convenient low cost alternative to traditional international money transfer services and will integrate Flint prepaid calling services with special discounts on international calling from the same card.

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BA & AMEX

Amex Bank of Canada announced that British Airways has joined the American Express Membership Rewards as one of the Program’s newest points transfer participants. American Express Cardmembers enrolled in Membership Rewards are now able to transfer their points into BA Miles. BA Miles reward options include travel to any destination in British Airways’ worldwide network and with partner and oneworld alliance airlines. Membership Rewards is an American Express loyalty program that offers points on your eligible purchases or points for virtually every dollar in purchases charged to the Card.

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Wright Express Reports 3Q/10 Revenue Up 17% Y/Y

Wright Express payment processing posted 3Q/10 total revenue up 17% to $100.2 million from the $85.8 million in the year ago period. These results were composed of numbers showing the average number of vehicles serviced was approximately 4.8 million; total fuel transactions processed having increased 3% year-over-year to 69.0 million; payment processing transactions up 3% to 54.8 million; processing transactions up 1% to 14.2 million; total revenue for the fleet segment having grown 12% year-over-year to $83.5 million; average expenditure per payment processing transaction up 9% from the year ago figure to $57.45; average retail fuel price increased 8% to $2.78 per gallon from $2.58 per gallon last year and total MasterCard purchase volume having grown 50% to $1.3 billion from $876 million in 3Q/09.

WRIGHT FISCALS
3Q/10: $85.8 million
4Q/10: $86.0 million
1Q/10: $83.8 million
2Q/10: $91.4 million
3Q/10: $100 million
SOURCE: CardData

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GEMALTO & VERIFONE

The VeriFone “PAYware Merchant” managed service is now available across Europe through its strategic partnership with Gemalto. Now having completed its pan-European sales and distribution network, the VeriFone continental payment gateway service is a bank-certified, hosted payment solution for large retailers, fuel organisations and hospitality companies. Its PCI DSS-compliant payments platform integrates with virtually any front-end POS system and provides a cost-effective outsourced payments service that relieves merchants from associated capital expenditures, on-going maintenance, investment and resourcing. The “PAYware Merchant” managed service provides companies with a way to manage the entire payments process.

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Heartland Payment Posts Record $499mm Revenue

Heartland Payment Systems payments processing announced 3Q/10 systems revenues of $499 million and a net income of $7.5 million. SME card processing volume was a record $16.6 billion, up 5.9% on the year ago period; net revenues posted $115.4 million and the Network Services processed 825 million transactions- both quarterly records. Moreover, operating income as a percentage of net revenues was 12.3% in the third quarter of 2010, down from the year ago period thanks to net revenues rising slower than processing and servicing costs, which were actually marginally lower than in 2Q/10 on an absolute basis. Overall, small and mid-sized merchant (SME) quarterly transaction processing volume was $16.6 billion, up 5.9% from the year ago period; net revenue was $115.4 million, up 4.9% from the year ago period; and same store sales rose for the second consecutive quarter 2.0% from the year ago period.

HEARTLAND REVENUES
1Q/09: $372 million
2Q/09: $417 million
3Q/09: $443 million
4Q/09: $420 million
1Q/10: $411 million
2Q/10: $420 million
3Q/10: $499 million
Source: CardData (http://www.carddata.com)

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Citi CEO Honored by NY Police & Fire

Vikram Pandit, CEO of Citi, was honored by The New York Police & Fire Widows’ & Children’s Benefit Fund at its 25 th Annual Benefit Dinner, for his strong support of the Benefit Fund and NYC’s first responders. Event attendees will include New York City Police Commissioner Raymond Kelly, New York City Fire Commissioner Salvatore Cassano, former Honoree, Board Member and Hockey Hall of Famer Mark Messier, Lyor Cohen, Warner Music Group CEO and recipient of the inaugural “Answer the Call” award, Port Authority Police Department Superintendent Michael Fedorko, Uniformed Firefighters Association President Steve Cassidy and Patrolmen’s Benevolent Association President Patrick Lynch.

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PCI DSS PARTNER KIT

LogRhythm has launched a new toolkit for business partners to help them capitalise on resurgent market interest in the PCI-DSS. LogRhythm’s “PCI DSS Partner
Kit” provides comprehensive information about the industry regulations, as well as how log management and security information event management (SIEM)
solutions ease the process of PCI compliance. With UK organizations struggling to meet the standard, only 11% of regulated organizations are compliant.
Subsequently, The LogRhythm “PCI DSS Partner Kit” comprises fully customisable mail shot campaigns, sales and marketing materials, technical whitepapers
and background information from the PCI-SS Council.

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PenFed & Diebold Provide ATM Service at DCVA

Diebold has partnered with PenFed to provide an ATM to the Veteran’s Affairs Medical Center in Washington DC for use in the new Independence Way rehabilitation center. Independence Way is a rehabilitation environment simulating “real-life” so that Veterans with various medical ailments can train for community re-entry within the safe and therapeutic setting of the Medical Center. The ATM, which dispenses play money, is used by therapists to teach Veterans in the Polytrauma Program how to perform transactions. Other training tools include a grocery store, Metro system map, and motor vehicle simulator.

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Cardtronics Appoints CMO

Tom Pierce has joined Cardtronics ATMs as Chief Marketing Officer. In this role, he will lead company-wide marketing, advertising and communications efforts; build Cardtronics’ brands; support Cardtronics’ sales organizations and develop market strategies to increase Cardtronics’ per ATM and fleet wide transaction volume. Bringing with him extensive marketing strategy and communications experience, Peirce most recently served as VP, Marketing Strategy for FIS payment and financial technology after having filled marketing leadership positions with Metavante Corporation, Wausau Financial Systems, and Journal Sentinel. He holds a Bachelors degree in journalism from Marquette University and has been an active member of his community with involvement in numerous charitable and community organizations.

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U.S. Retail Industry Sales Swing Up

MasterCard “SpendingPulse” macro-economic report indicated October 2010 sales in most sectors posted positive year-over-year growth compared with retail sales a year ago, starting with
year-over-year overall apparel sales up a sharp 8.2%. In addition to the 3.8% gain in September, this performance was the year’s largest year-over-year increase for the sector, in which women’s apparel grew 5.3%; Children’s grew 8.7%; and Family segments grew 11.6%. Men’s Apparel was the only to lose ground, down 0.3% year-over-year. The Consumer Electronics and Appliances segment declined by 3.1% in October, thanks mostly to a significant fall in total ticket prices for this category; the Luxury Index grew 4.2%; and eCommerce sector growth was up 7.9%. The overall eCommerce sector is up slightly higher than September’s year-over-year gain of 7.8%, and August’s 7.2% increase.

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