mFoundry Platform Crosses 1-Million Users

mFoundry secure mobile financial solutions now has more than one-million users of its mobile banking platform. With nearly 200 customers, much of mFoundry’s traction in new sales is coming from the emerging middle market of credit unions and community banks who are looking for a cost effective way to deliver the most powerful mobile solution possible. mFoundry’s product is ideally suited for these financial institutions, delivering a highly configurable, scalable solution that supports all mobile modes. Using predefined online banking and core system interfaces, mFoundry and its partners are able to rapidly deploy industry-leading solutions with lower upfront costs and the industry’s fastest time to market.

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Business Confidence Plummets to 73, Lowest in 18 Months

August saw 62% of small business owners indicating the economy is getting worse while 55% expect economic conditions to be unfavorable in the next six months, up 10% from July. With this, the Discover “Small Business Index” plummeted from 83 in July to 73 in August, the lowest in 18 months and the largest one-month decline since November of 2009. Confidence among small businesses slid 17.4 points since last month to a record-low 65.5 points on the index, compared to business-to-business operators who marked 79 on the index in August, down only 2.2 points from July. Most revealing is 75% of small business owners expected a second recession to occur before the country sees a full recovery. Additionally, 17% of small business owners would increase business development spending in the next six months, down from 28% in July; 52% would decrease spending, up from 45 percent in July; 29% don’t plan any changes; 78% have no plans to do any hiring; 72% had no plans to add or subtract jobs; and 20% were laying off workers and 6% planned to do some hiring.

2010 SMB INDEX
JAN: 85.2
FEB: 85.0
MAR: 78.2
APR: 85.1
MAY: 87.4
JUN: 86.1
JUL: 83.0
AUG: 73.0
SOURCE: Discover

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ActivePath’s 2-Way eMail Banking Awarded by Netbanker

ActivePath 2-Way eMail Banking Systems that enable banking customers to securely communicate and conduct alert-driven financial transactions via email in real time has received Netbanker’s Online Banking Report “OBR Best of the Web” award. OBR lauded ActivePath for its new, patented online technology that “raises the bar in online/mobile delivery”. ActivePath’s 2-Way eMail Banking System adds a secure, transactional component to alerts and other customer communications that simplifies banking for users and gives institutions a whole new way to deliver a full range of secure, interactive banking services at the customer’s convenience via desktop, laptop, and mobile devices.

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National Credit Card Delinquency Rate Drops 17.1% Q/Q

The national credit card delinquency rate of bankcard borrowers 90 days or more delinquent on at least one credit card decreased to 0.92% in 2Q/10, down 17.1% over the previous quarter and down 21.3% over the year ago period. Over the past two years, the closest the delinquency rate has been nearest this figure was in 2Q/08 when it was 1.04%. Credit card delinquency was still highest in Nevada at 1.50%, although its down from the last quarter figure of 1.79%, when the State still led the nation. Nevada is followed by Florida (1.24%) and Arizona (1.11%). The lowest credit card delinquency rates were found in North Dakota (0.54%), South Dakota (0.55%) and the District of Columbia (0.61%). These findings, according to Transunion research, reflects only Alaska showed an increase in credit card delinquency, up 7.4%, while the largest quarter-over-quarter drop in delinquency was found in the District of Columbia, down -28.2%, and Delaware, down -23%. Additional findings show average credit card borrower debt was down since the previous quarter by 4.1% to $4,951 from $5,165. This is down 13.4% from the year ago figure of $5,719 and is lowest average national balance in 8 years.

90+ DAYS DELINQUENCY
1Q/08: 1.19%
2Q/08: 1.04%
3Q/08: 1.09%
4Q/08: 1.21%
1Q/09: 1.32%
2Q/09: 1.17%
3Q/09: 1.22%
4Q/09: 1.21%
1Q/10: 1.11%
2Q/10: 0.92%
Source: TransUnion Trend Data

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PayTrace Integrates with Chase Paymentech Processing

PayTrace has deployed transaction processing capabilities on the Chase Paymentech Tampa processing network. Integration and Certification has been completed on the Chase Paymentech Tampa processing network for all of PayTrace’s functionality, including: Moto, E-Commerce, Retail, and Level II and III data processing. This offers more market opportunities by offering the ability to process payment transactions on the network to benefit Resellers with a greater choice or networks.

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Hypercom to Present at Roth Capital Partners 2010 Fall Conference

Hypercom is set to attend the 2010 Roth Fall Conference Wednesday, September 1 through Friday, September 3 at the Grand Wailea Resort Hotel in Maui, Hawaii. With this, the Company CFO will participate in a series of one-on-one meetings with investors. Also set to present at the conference is the Hypercom Senior Vice President, Finance, Treasury and Investor Relations. Hypercom global payment technology offers a full suite of high security, end-to-end electronic payment products, software solutions and services.

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MoneyGram & MasterCard Forge New Partnership

MoneyGram International has inked partnership agreements to allow “Univision” MasterCard Prepaid cardholders to load their cards at approximately 35,000 of its agent locations nationwide. The “Univision” MasterCard Prepaid Card provides Hispanic consumers with an affordable alternative to carrying cash or using a credit card and is a cheap, safe and easy way to track and manage spending. MoneyGram provides “Univision” MasterCard Prepaid Card users the first load for free, while subsequent reloads are $3.95. MoneyGram offers reloading for hundreds of prepaid card programs in retail locations in virtually every community including many grocery, pharmacy and convenience store chains.

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Big Hairy Dog and USAePay Implement iPhone mPOS

Big Hairy Dog Information Systems and USAePay’s “PaySaber” teamed to allow Nike sales representatives to to scan barcode items, take a credit card or cash payment for the merchandise and print a detail-itemized receipt from anywhere at the New York City Nike World Basketball Festival. Associates assisted and checked out on the floor of the store using the mobile payment “PaySaber” on either the Apple iPhone or iPod Touch to offer all the functionality of a stand-alone point of sale register in the palm of the hand. The USAePay “PaySaber” software works in conjunction with the Big Hairy Dog Retail Pro solution and would update customer details, sales records and inventory quantities so both were always in sync. Based on this successful implementation, Nike Events plans on moving forward with the solution for future events such as the Chicago Marathon, New York Marathon and Nike Women’s Marathon in San Francisco.

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Dollar Financial Posts 2Q/10 Revenue of $159mm

Dollar Financial, serving primarily unbanked and under-banked consumers, posted consolidated total
revenue of $610.9 million for its 2010 fiscal year, up $83.1 million or 15.7% year-over-year. Adjusted
EBITDA was $182.2 million for fiscal 2010, for an increase of $43.7 million or 31.6% compared to the prior
fiscal year. For 2Q/10, meanwhile, total consolidated revenue was $159.0 million for an increase of 27.8%
or $34.6 million over the three months ended June 30, 2009. The Company incurred $10.2 million of net
one-time charges, principally related to an $8.5 million net unrealized, non-cash mark-to-market
valuation loss on the Company`s debt and cross-currency interest rate swap agreements throughout the
quarter. The Company continued to implement its store rationalization program, having closed 23 U.S.
financial services stores, 16 of which were located in Arizona with 7 store closures in the State of
Washington. Results were also due in part to the recently acquired Dealers` Financial Services (DFS)
business in the United States, which provides fee based auto lending and insurance services to military
personnel in the United States and contributed $4.9 million of incremental EBITDA for the quarter. With
these results, Dollare Financial is expecting to post adjusted EBITDA of between $205.0 million and $215.0
million in the next fiscal year.

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AmEx Offers Exclusive Access to Mercedes Fashion Week

American Express has its lineup of enhanced fashion experiences and exclusive Cardmember offerings during Mercedes-Benz Fashion Week. This allows Cardmembers to experience an exclusive viewing of the Tory Burch Spring 2011 collection; to interact via Twitter through the specially enhanced multimedia wall; and to enjoy the Skybox, offering an unparalleled vantage point of the runways, connect them with the industry’s biggest names and allow them to mingle with the who’s who of the world of fashion and style, among many more benefits. Cardmembers can take advantage of an exclusive American Express offer during the second-ever Fashion’s Night Out by registering their eligible American Express Card at americanexpress.com/entertainment.

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BilltoMobile Appoints New Engineering VP

Warren Faleiro has joined BilltoMobile payments solutions as VP, engineering and technology. Prior to joining BilltoMobile, Warren served as VP, multimedia applications at VeriSign to oversee driving technology delivery and maintaining strategic relationships with tier one mobile operators. Also at VeriSign, he led a team developing innovative carrier grade services including a highly scalable Multimedia Messaging Service Center (MMSC), a media sharing portal, social networking gateways and embedded mobile application software. Warren has helped several other top mobile and telecom organizations build effective product and engineering teams as well as create and leverage strong relationships with their strategic partners. BilltoMobile alternative online payment provider is in sync with the e-commerce mobile payment evolution, having processed $3 Billion in DMB transactions with its 10,000+ online merchant partners since 2000.

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PNC eWallet Offers New Budgeting Tools

PNC Bank has enhanced its “Virtual Wallet” online and mobile money management tool to facilitate budgeting and smart spending. The “Virtual Wallet” solution is a money management tool for tech-savvy consumers with no monthly service charge or minimum balance. Unlike any other personal finance service or bank product, it uniquely combines a “Spend” function for everyday banking and bill pay, a “Reserve” account for short-term savings and overdraft protection plus a high-yield “Growth” account. Virtual Wallet has averaged more than 3,500 account openings per week this year and has earned numerous awards for design, technology and innovation. This is in addition to the “Virtual Wallet Student” solution introduced to help college students and their parents with money management while the “Spending Zone” tracking overview, reimbursement request feature and e-mail alerts to parents are among the features.

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