CyberSource Granted Early Termination

The U.S. Department of Justice and Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), with respect to the planned acquisition of CyberSource by Visa. Accordingly, the requirement under the merger agreement for the expiration or termination of any waiting period under the HSR Act has been satisfied. The closing of the transaction still remains subject to other conditions in the Agreement and Plan of Merger by and among Visa, CyberSource and Market St. Corp., a wholly-owned subsidiary of Visa.

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PayQuicker.com Expands Service through Partnership

PayQuicker.com global online payment system has been chosen as a partner with AffiliateTraction full-service performance marketing agency, thanks to its flexibility and cost savings. PayQuicker online payment processing and distribution platform that provides a safe and secure method to transfer, send and receive payments instantly for a fraction of the cost of other online payment options. Users can send payments for free, receive payments instantly and choose from six options to pull funds out of the system. The PayQuicker solution is especially beneficial to Affiliate Marketing as it integrates with affiliate networks and offers a “know your customer” level bank regulation look into the person being paid, cutting down on fraud.

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TransCard Expands Auto Bill Pay Solution

TransCard electronic payment and prepaid MasterCard, Discover, STAR and PULSE debit card solutions launched its initiative to expand its bill payment platform into a complete suite of enterprise payment settlement and reconciliation services. Offered specifically to enterprise clients, the payment solution implements TransCard’s automated payment toolkit, attaching pay anyone bill-pay, card, check, EBT, and person-to-person payments for managing, monitoring, and recording payments. The TransCard financial manager tool allows organizations to itemize and profile expenses, matching to categories and auto budgeting payments, and is integrated with the TransCard alert-system, which can broadcast transaction alerts to mobile, email, API, and RSS.

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Regis Deploys Epson Printer for 8,000-Unit Rollout

Regis Corporation has selected the newly-released Epson “TM-T88V” single-station thermal printer for an 8,000-unit rollout to Regis Corporation’s corporate salon locations throughout North America, including Supercuts, Cost Cutters, Regis Salons and MasterCuts. Regis Corporation chose the Epson printer because of its industry-leading energy efficiency, operational cost savings and high reliability. Epson’s TM-T88-series is has five million units installed worldwide.

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Mastercard Retail Report Shows Modest Spending Growth

MasterCard Advisors’ “SpendingPulse” report, tracking national retail and service sales in specific U.S. retail industries, reflects modest growth for June. eCommerce sales increased 9.7%, while subcategories such as apparel posted double digit growth for the seventh consecutive month. Luxury sales, which include high-end sales in restaurant, food stores, department stores, and high end retailers from the general apparel category, posted a decline of 3.9% in June. June’s Jewelry data posted a 10.1% growth, keeping the category in positive territory for the 8th straight month. The Electronics and Appliances category posted a positive year-over-year growth rate of 1.7% for June. Appliance sales remained relatively flat with 1% growth for the month. Additionally, Total apparel sales increased 3.3% following declines in April and May; footwear sales grew +0.3% and Men’s Apparel, also growing at +0.3%, reversed May’s declines; and women’s Apparel sales were down 1.6%.

JUNE RETAIL SALES
Luxury: -3.9%
Jewelry: +10.1%
Electronics:+1.7%
Appliances: +1.0%
Clothing: +3.3%

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PerkStreet Launches Rewards Visa Debit Card

PerkStreet Financial online financial services company is now offering a 2% cash back program for debit card users and up to 5% cash back when users spend at preferred merchants or in specified categories. The typical American family can now earn over $600 annually for their everyday spending, without having to pay membership fees or jump through hoops to earn the rewards. The new “PerkStreet Financial” Visa Debit Card even puts more cash back into customers’ hands than most “high interest” checking programs without annual fees or growing debt in exchange for rewards. PerkStreet is offering 5 percent cash back to customers who purchase gas, home improvement goods and/or ice cream (at selected merchants) during the remainder of June and the month of July, 2010. PerkStreet customers can earn 2 percent cash back on all non-PIN debit card purchases when they have a daily opening balance of at least $5,000 in their checking account.

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LaserCard Appoints New VP of Sales, Americas

Kevin McKenna has been appointed VP of Sales, Americas, with DC-based LaserCard secure ID solutions. To
be responsible for leading the Company’s sales and government relations activities in North, Central and
South America, McKenna joins LaserCard with more than a decade of experience in the hardware, software
and services markets. In this capacity, he was most recently President and COO of Paraquis Solutions consulting firm. Previously, McKenna sold and implemented complex identity and information systems during his management roles at two of North America’s leading identity solutions and information technology providers. McKenna also served for seven years as an Aviation Officer in the U.S. Army following his graduation from the United States Military Academy at West Point.

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Bluepoint Solutions Launches mRemote Deposit Capture

Bluepoint Solutions has deployed its “QwikDeposit To Go” mobile remote deposit capture application. Powered by Mitek Systems patented IMagePROVE technology, Bluepoint Solutions QwikDeposit Mobile Capture application completes Bluepoint’s existing suite of Check 21 capture points. The “QwikDeposit To Go” solution enables consumers to securely deposit checks with a camera-equipped smart phone. Account holders initiate mobile-banking sessions, key in their deposit amount and snap photos of both the front and back of the check with their smart phone cameras. The software captures the check, formats the image, automatically corrects any image distortions or skewing and confirms the images meet Check 21 and mobile image-quality standards. It uses “Mobile Deposit,” which is being embraced widely by technology applications providers like Bluepoint Solutions and financial services institutions of all sizes for its ease of use, security and the industry leading quality and accuracy of its image processing.

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Gift Card Hub Achieves PCI DSS Level 1

The Gift Card Hub has received the highest security compliance in the Gift Card industry from PCI DSS Level 1. The Gift Card Hub is an online provider of turnkey gift card programs for restaurants and retailers, providing tools required for a business to launch and manage a proprietary web-enabled gift card program without internal time and expense. Interpro Group, a Texas-based print management company specializing in the printing of gift cards, various types of plastic cards and other print projects, developed The Gift Card Hub after having successfully creating and managing turnkey online gift card programs, customer service and card fulfillment systems for IHOP and other clients.

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GuestMetrics and MicroStrategy Build iPhone BI App

MicroStrategy Incorporated worldwide provider of business intelligence (BI) software, and GuestMetrics customer insight solutions have partnered to build and deploy a new “iPhone” business intelligence application for the hospitality industry. GuestMetrics collects volumes of point-of-sale restaurant data and provides beverage, alcohol, and food suppliers with actionable insights into consumer behavior. The iPhone app provides beverage suppliers and distributors with data on restaurant guests’ purchasing behavior at the transaction-level. Using MicroStrategy Mobile, the app provides detailed insights into consumer spending, consumption preferences, menu pairings, and overall beverage brand health. A demonstration of the GuestMetrics iPhone app can be viewed at http://www.microstrategy.com/mobile/iphone.

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Discover Expands Global Base with DinaCard

Discover Financial Services has forged agreements with Serbian-based
DinaCard payment network, allowing DinaCard cardholders to use the
Discover, Diners Club International and PULSE networks for international
purchases and cash access internationally by the end of 2010. This will
give DinaCard cardholders global access to credit and cash withdrawals,
with local volume remaining on the DinaCard network. DinaCard national
payment cards has 27 local issuing banks and 2.5 million cards, holding
a 30% acquiring network market share. Its alliance with Discover is
similar to those held with BC Card, China Union Pay and JCB, offering
growth opportunities for value and volume to merchants and partners.

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Fifth Third Processing Acquires TNB Card Services

Fifth Third Processing Solutions has acquired the assets of TNB Card Services from TX-based Town North Bank independent community bank, advancing its efforts to provide electronic payment solutions to credit unions and their members. TNB Card Services currently provides credit, debit, and prepaid cards, loyalty, consulting and ATM driving with a full suite of back-office services to more than 370 credit unions in 27 states and the District of Columbia. TNB Card Services becomes part of FTPS and is one of the payments industry’s largest providers of transaction processing and acceptance solutions for merchants, businesses and financial institutions around the world.

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