Paysafecard Appoints Prepaid Services Director

Richard Knight has been appointed Director of the Paysafecard group UK-based subsidiary, Prepaid Services Company. Knight brings to his new role experience, having fulfilled several risk management and compliance roles for Travelex, most recently as Head of Compliance for the prepaid card and mobile payments division. In this previous role he was responsible for all regulatory and compliance matters relating to Travelex’s prepaid card business which operates in over 30 countries worldwide. He will benefit the online payment method provider in his new role through his knowledge of various markets all over the world.

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Heartland 2Q/10 Transaction Processing Up 8% Y/Y

Heartland Payment Systems payments processing announced 2Q/10 systems revenues of $420million and a net income of $6.1 million. With small and mid-sized merchant transaction processing volume an unprecedented $16.3 billion, up 8% since the year ago period, net revenues for the quarter was up 8.1% since the year ago period to $115.1 million. Net revenue also benefitted from a quarterly record 800 million Network Services transactions, which were up nearly 10% from 728 million transactions in the June quarter of last year. Additionally, relationship manager count grew to 1,393 for a 24% increase from the previous quarter; net revenue was up 8.1% from the year ago period; operating income as a percentage of net revenues was 13.2%, reflecting improved leverage of the company’s business model through disciplined expense management.

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
Source: CardData (http://www.carddata.com)

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Wincor Nixdorf Ships 10,000th Intelligent Deposit ATM

Wincor Nixdorf has shipped its 10,000th US CCDM ATM, demonstrating an increasing adoption of ATMs that accept bulk deposits of check, cash or a combination of both through one single input. Two of the top five U.S. banks, along with other leading financial institutions, have led the adoption of this revolutionary module, first introduced by Wincor Nixdorf, which eliminates the need for deposit slips and envelopes. The module was introduced in November 2002, has the unique feature of a single input that accepts both cash and checks in bulk form. The CCDM technology reduces costs at financial institutions from post-processing of night safe deposits, allows banks to offer greater accessibility and to reduce manual work at the counter.

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Jack Henry to Implement INETCO Transaction Monitoring

Jack Henry & Associates is set to deploy the INETCO “Insight” to improve customer service and reduce the possible risk of downtime. The software will be deployed by Jack Henry & Associates’ “jhaPassPort” EFT Solutions Group and JHA Payment Processing Solutions, which provide the company’s payment processing platforms and ATM, debit, credit, and prepaid card solutions for both banks and credit unions. INETCO Insight provides real-time visibility into the complete path of every payment transaction. Jack Henry & Associates provides computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations.

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One Step Retail to Demonstrate Radiant POS

One Step Retail Solutions service provider of retail POS and Radiant Systems are set to demonstrate Radiant’s “CounterPoint SQL POS” software at both the World Shoe Association trade show and at the MAGIC apparel trade show. The appearance at the World Shoe Association show is the culmination of a months-long project that One Step and Radiant began last May, with the launch of a new website, http://www.FootwearPOS.com, and a series of e-mail and direct mail sent out to the footwear industry. At MAGIC, One Step will participate in two booths with Radiant, one at the Las Vegas Convention Center and the other at Mandalay Bay. Radiant’s POS hardware and software solutions have helped to redefine the consumer experience in more than 100,000 restaurants, retail stores, stadiums, parks, arenas, cinemas, convenience stores, fuel centers and other customer-service venues.

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Discover U.S. Spending Monitor Drops 1.9 Points in July

Perspectives on the economic recovery have continued a three month slide, with 58% disclosing the economy is in ruins as far as they are concerned. This percentage is 7% higher than last month while only 23% see economic conditions improving in the month ahead. These findings, according to the Discover “U.S. Spending Monitor” for July, also shows 26% of consumers are planning to reduce their overall spending in the month ahead, a 3-point rise from June. Namely, 48% plan to spend less on going out to dinner, movies or sporting events, up 2% since June, 48% to spend less on home remodeling or new appliances, up 1% since last month, and 48% will spend less on vacations or gym memberships, up 2% since last month. Given these data, based on a poll of 8,200 consumers, the Discover “U.S. Spending Monitor” for July fell 1.9 points in July to 86.5. Additional findings show 36% felt their finances were in good or excellent shape, a 3-point improvement from the prior month and the highest number in 20 months; 21% felt their personal finances were improving in July, 1 point better than June; and 49% expect to have money left over after paying bills, but consumers expecting an income shortfall was flat at 38%.

2010 SPENDING MONITOR
JAN: 85.2
FEB: 87.5
MAR: 85.0
APR: 91.5
MAY: 90.4
JUN: 88.4
JUL: 86.5
SOURCE: Discover

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A2iA Integrates Image Analysis With Panini Scanners

A2iA software developer of tools for handwritten and machine-printed text recognition, data extraction, and the intelligent classification of paper documents, has extended its relationship with Panini distributed capture. With this, the A2iA “CheckReader” advanced image analysis and intelligent recognition engines that capture information from every data point on a check, has been integrated with the Panini “Vision X” scanners and “I:Deal” check scanner. By reading the MICR line (Magnetic Ink Character Recognition) both optically with A2iA’s proprietary recognition engines, and magnetically with Panini’s MICR Plus technology, the most accurate data is sent for clearing with reduced MICR rejects and misreads.

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Global Axcess Adds 28 ATMs to Network

Global Axcess self-service kiosk solutions ATM subsidiary, Nationwide Money Services, has signed an extension of a previously announced contract with a grocery store chain, adding 28 additional ATMs to the initial deployment of 31 ATMs with a full turnkey Global Axcess program. The Company expects to begin generating revenues from these services in the fourth quarter of 2010. FL-based Global Axcess Corp was founded in 2001 with a mission to emerge as the leading independent provider of self-service kiosk services in the United States. The Company provides turnkey ATM and other self-service kiosk management solutions that include cash and inventory management, project and account management services.

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First Capital Payments Launches Portable Card Processing

Rochester NY-First Capital Payments has launched an innovative, portable credit card processor, which John Betlem Heating and Cooling has agreed to be the first to use. The reader deploys “Magnesafe m20” lightweight and compact slider device that reads credit card information in a fast and secure way. With “Magnesafe,” there is no need for electrical power, telephone, internet or a wireless source while out in the field. Once the credit card is slid through the device, an indicator light goes on signaling that the card has been read and the card’s information is securely stored. Dozens of transactions can be stored and later retrieved, decrypted and processed by ePN’s online terminal as swiped transactions. Magnesafe m20, can be charged through a computer port and can last days without recharge.

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CreditCall Makes Available BlackBerry Payment App

CreditCall is developing a payment app called “CardEase Mobile” secured Chip & PIN (EMV) or magnetic-stripe transactions to take place on BlackBerry and other smartphones, becoming available in fall 2010. The card read and the user’s PIN entered on a separate Bluetooth-linked PIN Pad that can be paired to the smartphone. The data is encrypted while in transit and on a smartphone, then sent over a wireless network to authorize the transaction. A transaction receipt can then be sent to the customer by email, SMS or in paper format from an optional printer.

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Lumension Endpoint Protection Awarded 5-Star Rating

The Lumension “Endpoint Protection,” comprised of Lumension “Device Control,” “Application Control” and “AntiVirus,” has been awarded a 5-Star Rating by SC Magazine for its integration with existing environments and features and benefits available across application control, device control and threat management capabilities. With Lumension’s Endpoint Protection suite, organizations can prevent known and unknown malware as well as centrally manage, monitor and control applications. By employing an application whitelisting approach, users can ensure that only authorized applications are allowed to run on laptops, PCs, mission-critical servers and POS terminals, preventing the execution of unknown or malicious code. This comes on the heels of a 4-star rating by SC Magazine of Lumension “Scan.”

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SpaFinder Launches Gift Cards on Facebook & wConnect

SpaFinder and Transaction Wireless launched its social gift card store on its Facebook Page at the IGCC meeting in Baltimore. Allowing users to shop for SpaFinder’s popular Instant Gift Cards at its new “store” on Facebook® Platform, the new social gifting service is powered by Transaction Wireless. The cards can be personalized, redeemed at spas around the globe or online at SpaFinder.com. SpaFinder media and marketing is also using TW’s wConnect service for targeted mobile marketing of its coveted SpaFinder Deal Days offers. The company initially launched with TW’s B2B wCentive solution for bulk gift card purchasing and delivery earlier this year in North America, England, France, Italy, Spain and Germany.

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