EMVCo Qualifies COMPRION Test Tool for EMV Testing

The “IT³ EMV” by COMPRION handset test equipment provider for the (U)SIM interface, has been qualified by EMVCo of American Express, JCB, MasterCard and Visa as a recognised test platform for payment terminal Contact Level 1 Electrical Type Approval. COMPRION is the global leading manufacturer of comprehensive standard test equipment for Smart Card interfaces with more than 15 years experience in Smart Card technology. COMPRION develops, manufactures and markets test and measurement equipment for Smart Card Vendors, Smart Card Issuers and Terminal Manufacturers across various market sectors and technologies. With its EMV Specifications, EMVCo advances global interoperability and compatibility of chip-based payment cards and acceptance devices. Banking and other payment terminals need to be successfully tested and approved by an EMVCo accredited test laboratory to conform to the EMV Test Specifications. For EMV Contact Level 1 Electrical Testing, the IT³ EMV has been appointed as a qualified Contact Level 1 Electrical Type Approval Test Tool.

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MEDHYBRID

First Data’s TeleCash network operator has begun marketing the Hypercom “medHybrid” multifunction healthcare and credit/debit card payment terminal. The high security “medHybrid” incorporates two card readers to process the German health insurance cards (KVK and eGK) as well as credit and debit card payments. The Hypercom “medHybrid” has received e-Health BCS (Basic Command Set) approval from Gematik, the German healthcare organization. It is approved as compliant with the current EMV POS terminal specification from the Central Credit Committee (Zentraler Kreditausschuss — ZKA) in Germany, and approved by BSI (the German Federal Agency for Security in Information Technology).

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NCR Showcases Consumer Self-Service at NACS 2010

NCR Corporation will showcase its consumer self-service technologies, including the first demonstrations of the NCR “SelfServ Checkout Convenience Store” solution in North America, at NACS 2010 (booth #1538). NACS 2010 will be held October 5-8 at the Georgia World Congress Center in Atlanta. The NCR SelfServ Checkout Convenience Store solution is specifically designed for the space-constrained convenience store environment. It provides several integrated payment options for consumers, including cash and credit card, along with attendant capabilities to ensure high levels of customer service. The solution also includes NCR’s unique operating software, which features innovations that make the self-checkout process simpler, faster and more intuitive for consumers and easier for store employees to use.

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AMEX GOLD

American Express Canada has introduced the “Gold Rewards Card,” offering a new concept in the travel rewards marketplace. Designed to give Cardmembers more choice and freedom from the limitations associated with other programs, the American Express “Gold Rewards Card” does not force Cardmembers to choose between paying-with-points or transferring points to their preferred frequent flyer program. Whatever cardholders can find, they can use their points toward by booking their travel, paying for it on their Card and then calling American Express to pay-with-points. This is in response to data showing 80 % of Canadians participate in a credit card rewards program; 79% of Canadians collect rewards points, nearly one in four have let their points expire; and 70% of Canadians always or sometimes use debit cards for their everyday purchases.

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EMBOSS

The YESpay International “EMBOSS” payment gateway has operated 365 consecutive days uninterrupted with 100% availability for credit and debit card
processing through its dual data center. This milestone verifies “EMBOSS” as the most resilient and stable EMV managed payment service in the UK. For
“EMBOSS” payment service, YESpay has taken the responsibility to end-to-end pre-accredit with leading card acquirers in UK, Europe, Canada and USA. YESpay
has maintained full certification for “EMBOSS” to PCI DSS Level 1 standards since 2006 as mandated by Visa and MasterCard.

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Datacard Acquires Dynamic Card Solutions, Software

Datacard Group has acquired Dynamic Card Solutions (DCS) instant issuance software for financial card programs, including the DCS “CardWizard” software. This expands Datacard’s portfolio of end-to-end instant issuance solutions for banks, credit unions and retailers to provide customers with ready-to-use financial cards in minutes. Datacard systems are used to personalize more than 10 million cards daily with Datacard systems. More than 25,000 of the company’s installations feature instant issuance hardware and software solutions. DCS has deployed CardWizard software in more than 5,500 bank and retail locations.

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GEMALTO EMV

Gemalto digital security expanded its facility in Burlington, Ontario to serve its growing EMV customer base in Canada. The investment will double the capacity and accommodate the need for delivering additional cardholder services. The site is the first in Canada to personalize dual-interface smart banking cards that enable both contactless and contact payment. Gemalto had 2009 annual revenues of EUR1.65 billion, and over 10,000 employees operating out of 75 offices, with research and service centers in 41 countries.

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PAYWAVE

Monitise Mobile Money solutions has partnered with DeviceFidelity to offer mobile phone users contactless Visa “payWave” transactions. The partnership combines Monitise’s expertise in mobile financial services and user interface design with DeviceFidelity’s In2Pay technology. In2Pay microSD is an innovative new technology that enables mobile users to transform a smart phone with a microSD slot into a mobile payment device. The Monitise developed user interface can be integrated with a variety of mobile banking applications, enabling financial institutions to offer their customers a suite of mobile services, including mobile payments, balances inquiries, mini-statements, bill payment, and funds transfers. The combination of payment capabilities and a slick user experience with a rich set of functions is key to expanding adoption and acceptance of mobile contactless payments.

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BancFirst to Acquire OK Bancorporation

BancFirst has entered into an agreement to acquire OK Bancorporation and its subsidiary bank, The Okemah National Bank. The Okemah National Bank has approximately $74 million in total assets, $32 million in loans, $59 million in deposits, and $13 million in equity capital. The transaction is scheduled to be completed by December 15, 2010, and is subject to regulatory approval. The bank will operate under its present name until it is merged into BancFirst, which is expected to be during October, 2011. BancFirst Corporation is an Oklahoma based financial services holding company with 85 banking locations serving 47 communities across Oklahoma.

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TNSLINK

Transaction Network Services Canada has launched its “TNSLink” service to provide secure communications via 3G wireless channels. This provides banks and
ISOs a choice of provider for ATM communications services. The service is PCI DSS compliant and enables dial devices to leverage wireless technology to
transport payment related data. It utilizes the Transaction Network Services (TNS) Canada managed Secure SSL Gateway specifically designed for the payments
industry for secure ATM transaction delivery.

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Credit.com And BillFloat Partner to Offer Bill Payment

Credit.com credit education and financial services is set to partner with BillFloat consumer-centric small-dollar loans for bill payment. With this, Credit.com visitors will have access to the first small-dollar lending solution that offers consumers ‘more time to pay’ their bills to over 3,000 billers including utility, cable and satellite, cell phone, auto lease,, housing, and insurance payments. In contrast to payday lenders that have encountered resistance from State and Federal regulators for high cost lending practices, BillFloat’s solution embraces the FDIC’s Small Dollar Loan Template. BillFloat will be featured alongside Credit.com tools, consumer credit news, a selection of credit cards, credit scoring products and unbiased product reviews by its team of experts.

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