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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QuikTrip Expands Rewards Debit Card Program

QuikTrip is expanding its “QuikTrip Rewards” Debit Card program on Tempo’s affinity debit card platform and re-issuing the cards with Tempo partner First Bank & Trust of Brookings. The “QuikTrip Rewards” Debit Card provides consumers with a fuel purchase discount of 5 cents per gallon at QuikTrip for the first 90 days after activation and 2 cents per gallon thereafter. As a special introductory offer, those activating their cards before November 30, 2010, will qualify for a fuel purchase discount of 10 cents per gallon during the initial 90 days, and 2 cents per gallon thereafter. Tempo-powered affinity debit cards link to consumers’ existing checking accounts and can be used everywhere Discover cards are accepted. It also provides quarterly cash-back rewards for purchases made at millions of merchant locations outside of QuikTrip.

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MegaPath joins PCI Security Standards Council

MegaPath managed IP data, voice and security services in North America has joined the PCI Security Standards Council. With this, MegaPath will work with the Council to evolve PCI DSS and other payment card data protection standards and will have access to the latest payment card security standards from the Council. The Company will also be able to provide feedback on the standards and become part of a growing community that now includes more than 500 organizations. In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity’s best protection against data criminals. By joining as a Participating Organization, MegaPath is adding its voice to the process.

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TNS Reports 2Q/10 Revenue Up 7.6%

TNS transaction service reported 2Q/10 total revenue up 7.6% to $131.2 million since the year ago figure of $122.0 million, up 7.7% to $131.3 million on a constant currency basis. EBITDA increased 12.3% to $35.3 million, or 26.9% of revenue, versus $31.5 million, or 25.8% of revenue, in 2Q/09. Adjusted earnings increased 18.2% to $15.5 million compared to adjusted earnings of $13.1 million in 2Q/09. Revenue from the Payments Division increased 3.1% to $50.3 million from $48.8 million in second quarter 2009. Excluding the negative impact of foreign currency translation of $0.2 million, revenues increased $1.7 million on a constant currency basis. Revenue from the European payments business increased $1.4 million due to a $1.9 million increase related to market share gains which was partially offset by a reduction of $0.4 million due to the loss of an ATM processing customer; revenue from the payments business in Asia Pacific increased $0.2 million due to an increase of $0.6 million associated with increases in payment gateway services revenue; and revenue from the payments business in North America increased $0.1 million due to revenue from an equipment sale of $1.4 million.

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Retail Solutions Launches Execution Platform

Retail Solutions released its Retail Visibility and Retail Intelligence Retail Execution Management platform. The platform provides users 50 use cases directly embedded in the templates, including On-Shelf Availability, Promotions, Inventory Management, Replenishment, Demand Planning, New Product Introductions, Run-Downs, Unsaleables, Pricing, Field Sales Management, Channel Management. It also allows users to drive and automate best practices inside the organization by providing and supporting the creation of best practice workflows to answer key business questions and to create actionable insights by leveraging the advanced alerting capabilities built into the tool.

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Three Largest Issuers See Revenue Up 6.5%

Revenues for the three largest U.S. payment card networks were up 6.49% in the second quarter to $6.3 billion by $406million. MasterCard and Visa second quarter global revenues were up 7.7% and 12.4%, respectively. According to CardData (www.carddata.com), MasterCard’s second quarter global net revenues were $1.4 billion, compared to $1.3 billion for 2Q/09. Visa’s global operating revenue rose to $1.7 billion, up $19 million from the year ago quarter. American Express revenue (net of interest) for 2Q/10 was $3.6 billion for its U.S. Cards unit, compared to $2.8 billion one year ago and $3.5 billion in the previous quarter. For complete details on second quarter performance visit CardData (www.carddata.com).

REVENUES ($ millions)
AmEx Visa MasterCard

2Q/08: $3593 $1613 $1240
3Q/08: $3459 $1709 $1338
4Q/08: $3223 $1739 $1225
1Q/09: $3074 $1647 $1156
2Q/09: $2805 $1646 $1280
3Q/09: $2900 $1535 $1360
4Q/09: $3100 $2000 $1300
1Q/10: $3500 $1459 $1300
2Q/10: $3600 $1665 $1400
Note: American Express Figures are U.S. Cards Revenue
Net of Interest; Visa is Global Operating Revenue; MasterCard is Global
Net Revenues. Source: CardData (www.carddata.com)

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