Consumer Credit Situation Improves With Card Act

Consumers are carrying less credit card debt, with median balances of $3,793— $1,100 lower than in 2009 while 23% of respondents are motivated to pay off their credit cards faster by the Minimum Payment Warning on their bills mandated by the Credit Card Act of 2009. Also, only 23% owed more than $10,000, down from 30% last year while 18% wouldn’t be able to handle their expenses for six months without credit cards and 19% would take longer than two years to pay off their balances while 20% didn’t know when they’d be able to. These conclusions, drawn by research from the Consumer Reports National Research Center, Also showed the First Premier Bank Mastercard is among the worst cards available to consumers, charging anywhere from $25 to $95 for processing; a $75 annual fee and an APR of 23.9% to 59.9% on purchases and cash advances. This is followed by The Platinum Zero Visa from Applied Bank with zero fees that end halfway through the terms and conditions with a $9.95 monthly “maintenance” fee that equates to $119.40 annually.

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Compass Plus Signs First North American Customer

Compass Plus retail banking software and electronic payments has signed SystemPay International, its first
North American customer. SystemPay International is a provider of merchant services and end-to-end
electronic payment processing solutions, supporting credit and debit cards, ACH, checks and gift cards
among others and will implement the Compass Plus “TranzWare Online” and “Card Management” products.
With this, SystemPay will provide its national and international customers with the accurate and secure
movement of funds and authorization and card through its PCI compliant datacenter.

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HYPERCOM

Hypercom announced that one of the foremost banks in Asia with nearly 9 million customers and more than 800 branch offices, has selected and will deploy 26,000 “Optimum” payment systems to merchants in Indonesia. The rollout is expected to be completed by the end of this year. This latest multimillion dollar order follows the bank’s purchase of 39,000 Optimum payment systems three months ago.

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DCS mPayment Authorized by Tyfone

The Dynamic Card Solutions (DCS) mobile payments personalization platform, “CardWizard Perso-to-Go” has qualified Tyfone’s latest “SideTap MicroSD” secure memory card for mobile NFC payments. It personalizes at the branch level or back office cardholder information onto the chip embedded in Tyfone’s patented MicroSD secure memory card. Tyfone’s MicroSD card can then operate in any standard memory card slot within mobile phones, across all operating systems. No over-the-air (OTA) personalization is required, and CardWizard Perso-to-Go provides instant activation capabilities so the device can be immediately used for contactless point-of-sale purchases, including open-loop channels or closed-loop retail applications.

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TSYS & BMO

TSYS announced has signed a multi-year payment services agreement with Bank of Montreal for its consumer and commercial credit card portfolios in Canada and the US. With this, TSYS will provide account processing and other value-added services to Bank of Montreal, the largest issuer of MasterCard credit cards in Canada. Financial terms of the agreement were not disclosed. Bank of Montreal total assets of $397 billion as at July 31, 2010, and 38,000 employees, offering wealth management and investment banking products and solutions. TSYS outsourced payment services offers a range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, healthcare, loyalty and prepaid services.

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FNDS3000 Executes $2.5mm Equity Financing

FNDS3000 Corp international prepaid processing company has signed a $2.5 million non-brokered equity financing agreement. Slated to close in four tranches over a nine month period, the first tranche of $1 million was
closed on October 19 while the three follow-on financings, equal to $500,000 each, are scheduled to occur
on or about January 31, 2011, April 1, 2011 and July 1, 2011. The financing was led by Sherington Holdings,
private investment company, with participation by other current accredited shareholders of FNDS3000.

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MODUSGATE

Vircom has successfully integrated its flagship email security solution “modusGate” with VMware vSphere 4, passed a detailed evaluation and testing process
managed by VMware and is now listed on the VMware Partner Product Catalog. With this, Vircom completed specific qualifications and interoperability
requirements to ensure its solution is optimized and reliable for VMware environments. VMware Ready Software status provides customers with the assurance
that modusGate email security has proven compatibility with the VMware platform and is ready for deployment in customer environments, reducing risk and
lowering integration costs for organizations.

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Cardlytics Sees Massive 3Q/10 Growth

Cardlytics transaction marketing saw 3Q/10 growth, most recently in September 2010, having signed Regions Bank, First National Bank and FSV Payments. Providing targeted reward offerings to debit, credit and prepaid card customers, Cardlytics has also implemented over 100 banks through processor partnerships and has a healthy pipeline of additional big banks to 30 million consumers through its platform. Also, Cardlytics closed its latest round of growth funding that raised $18 million in new equity from new investors and has grown its number of employees by 50%.

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Wincor Nixdorf Launches Cash Recycling Solution

Wincor Nixdorf has unveiled its “CINEO 4060” cash recycling ATM. Designed to reduce the costs and risks
associated with cash replenishment and servicing, the “CINEO 4060” ATM can hold up to eight cassettes and
includes an innovative banknote storage technology that optimizes cash replenishment and pick-up by
automating cash processes.This gives the bank the flexibility to offer a variety of note denominations besides
just $10’s and $20’s, which 88% of consumers would like to choose at the ATM. Additional “CINEO” features
include a larger screen, more camera options and superior protection; anti-manipulation card slot Anti-
Skimming II Module High-resolution cameras Optical Security Guard CrypTA Stick EPP V6 with privacy shield.

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GLOBAL PAYMENTS

According to the EU, global payments volumes continued to grow in 2009, despite economic pressure from the financial crisis according to findings from the World Payments Report 2010. This followed a period of overall growth in non cash-payments which accelerated to 9% in 2008 from 7% in 2007. The rate of growth in non-cash payments volumes in 2008 was far faster in developing economies, such as China (29%), South Africa (25%) and Russia (66%), than in mature markets, such as North America which had a growth rate of four percent. Announced by Capgemini, RBS and Efma, The World Payments Report 2010 shows cards remain the preferred non-cash payment instrument, accounting for more than 40% of payments in most markets and 58% globally.

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TSYS Inks Multi-Year Bank of Ireland Processing Agreement

TSYS has extended its multi-year agreement with Bank of Ireland to continue processing its consumer and commercial card portfolios for services in Ireland and the United Kingdom. With this, Bank of Ireland will be adding to its offering with TSYS’ online account servicing and management product. A top card processor in the UK and Ireland, TSYS was chosen thanks to its payments security and reliability and to its platform flexibility and scalability for future growth. TSYS will continue to offer value-added services to allow the bank to remain competitive in the evolving marketplace.

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