VERSAPAY

VersaPay Corporation, merchant credit, debit, gift and loyalty card payment processing and electronic funds transfer solutions has granted an aggregate of 550,000 stock options to Bill McGill in connection with his recent confirmation as CEO and appointment to the Company’s board of directors, as well as certain other employees of the Company, pursuant to VersaPay’s employee stock option plan. Each option is exercisable to acquire one common share at a price of $0.66 per option until August 25, 2015. VersaPay’s financial technology enables businesses and consumers across Canada to accept and process credit, debit and gift card transactions.

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Discover Call Center Service Awarded

Discover has been named by the International Quality & Productivity Center (IQPC) as the winner of the “Best Performance Leveraging Customer Service Feedback” category in the 2010 Call Center Excellence Awards. The annual awards honoring and promoting the most innovative call center solutions and individuals across all major industries, the IQPC awarded Discover’s service delivery excellence program. Focusing on customers, Discovery employees at all levels attend call-listening sessions to hear recorded playback of actual customer service calls. The sessions, totaling nearly 8,000 hours annually, include questions and commentary from attendees, and a discussion of the key aspects of the calls.

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INGENICO

Ingenico payment solutions has deployed the Fortis Bank Turkiye advertising campaign with its “EFT930G” color screen terminals. In the first phase, the advertisements for Fortis Worldcard will appear periodically on hundreds of Ingenico terminals deployed by the bank. EFT930 series The screen of the EFT930G is divided into two sections displaying the Fortis Bank Turkiye advertisement and a PIN entry screen at the same time, providing specific messages to the credit cardholders during the payment process. In the idle mode, the Fortis Bank Turkiye logo and ads are displayed alternatively.

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Mint Wireless Forges Motorola Partnership

Motorola has partnered to offer the Mint “PartnerSelect” members a payments service that allows mobility customers to accept payments using their existing Motorola hardware. Developed to be Software as a Service (SaaS), the Mint Managed Payment Service integrates with the Motorola ISV and Solution Partner’s existing Windows Mobile software solution and enables payment acceptance through their application in conjunction with the Motorola DCR7X00-200R. The Motorola DCR7X00-200R is a “snap on” payment device for any Motorola MC70 and MC75 mobile computer out in the field. Mint will provide the payment application for the ISV designed to support the new payment hardware.

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ExpressSend

Wells Fargo has expanded its “ExpressSend” remittance network in Mexico through an agreement with Houston-based Transnetwork Corporation. Adding more than 4,000 payout locations in Mexico for a total of more than 9,000 locations, the remittance payout network with the expansion includes Soriana, Famsa, BBVA Bancomer, HSBC Mexico, Banorte and Telecomm Telegrafos. This allows more customers to send money directly to their beneficiary for one low transfer fee. Transnetwork provides a turnkey solution to money transfer organizations and banks by offering a large and diversified payment network in Mexico and Latin America.

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CRE Secure Integrates With PayLeap

CRE Secure cloud-based, secure payment solution for online merchants PCI compliant payment acceptance service is now integrated with Payleap electronic payment services. This integration substantially reduces the risks associated with security breaches and the incident of online fraud for online merchants and their customers. With its HTML clone design, online consumers are redirected to CRE Secure’s hosted payment platform through a window seamlessly mirrored from within their trusted merchant’s website. Since visually consumers feel like they never leave the merchant’s site, online merchants are able to maintain greater levels of branding continuity and security for their customers when processing ‘card not present’ transactions.

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PAYPASS

With 66% sad to see summer come to a close, 24% would be willing to spend up to $1,000 on a one-week summer extension. While 20% planning to head out of town for a long weekend getaway, 44% intend to spend the long weekend in the city entertaining family and friends or simply relaxing. These findings, according to a new poll from MasterCard “PayPass,” also show 29% disclosed they will miss the hot weather the most, 25% will most miss basking in the extra daylight and 22% will most miss summer activities. Additionally, 65% squeeze the most out of summer by stopping for gas before a road trip while 36% pack on Thursday for a weekend away and 35% stock up on summer supplies so they don’t have to stop to buy them before a long weekend or a weekend away.

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First Data Lietuva Leverages Compass Plus Processing

The First Data Processing Center in Lithuania has expanded its use of the Compass Plus “TranzWare” product to enable the automation of the center’s clearing and settlement procedures. First Data Lietuva is a division of First Data processing services. The center chose to expand its use of Interchange to integrate the product with its third-party processing solution and convert clearing formats to those of international payments systems. With a closer integration, First Data Lietuva enhances its direct communication with Visa and MasterCard and is able to easily move between internal formats, those of the card companies and their bank customers.

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TD INFINITE CARD

To promote its TD First Class Travel Visa “Infinite Card,” the Bank has announced the winner of its latest contest. Vancouver resident Mee-Mee Cheng will be treated to 11 days and 10 nights in South Africa after winning the TD First Class Adventures Contest. She will enjoy first class to the Country and led by private guide to nature reserves and hotels where she will be served local wine and food. It’s a once-in-a-lifetime adventure made possible by the TD First Class Travel Visa Infinite Card, one of the best travel rewards cards available. The grand total cost of the prize is valued at more than $40,000.

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Conference Board Index Up 0.1% in July

The Conference Board Leading Economic Index for the U.S. increased 0.1%
in July to 109.8, following a 0.3% decline in June, and a 0.5% increase
in May while the Coincident Economic Index (CEI) for the U.S. increased
0.2% in July to 101.4, following a 0.1% decline in June, and a 0.4%
increase in May. The Conference Board Lagging Economic Index® (LAG)
increased 0.4 percent in July to 107.9, following a 0.1 percent increase
in June, and a 0.1 percent decline in May. The ten components of the US
LEI include average weekly hours; average weekly initial claims for
unemployment insurance; manufacturers’ new orders, consumer goods and
materials; index of supplier deliveries – vendor performance;
manufacturers’ new orders, nondefense capital goods; building permits,
new private housing units; stock prices, 500 common stocks; money
supply, M2; interest rate spread, 10-year Treasury bonds less federal
funds and index of consumer expectations.

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MONEYGRAM

MoneyGram International is donating to relief efforts for the devastation caused by flooding in Pakistan with a portion of its send fee from every money transfer sent to the Country from participating countries. Beginning August 20th through September 20, $3 USD from each transaction made to Pakistan will be donated to the American Red Cross to support relief efforts in Pakistan. All MoneyGram agents in Pakistan, including Bank Al Falah, MCB Bank and Wall Street Exchange, are currently conducting business and thus recipients can readily collect remittances. This is in response to the more than $1 million in community support included global relief efforts after disasters in El Salvador, India, Indonesia, the Philippines, Samoa and Tonga.

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O2 to Acquire 50% of Dominican FI

O2 Secure Wireless is set to acquire a 50% equity interest in a 30-year-old Dominican Republic Financial Institution, and is scheduled to close early September 2010 to provide an additional source of revenue, along with a convenient method for payment of communications services. The opportunity will primarily allow the company to simplify the payment process for its wireless, cellular, cable, residential phone and internet service clients by using a prepaid MasterCard/Debit Card product for customer payments, while simultaneously providing a new bank branch location wherever an Earthcom retail storefront is created, whereas the bank’s credit card merchant processing system will utilize Earthcom’s wireless infrastructure for processing transactions. Currently, the merchant card processing services industry is dominated by two providers and with exceptionally high processing rates, while the MasterCard prepaid Debit card product is still a virtually unknown system in the Dominican Republic market.

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