US Community Credit Union Now Offering DCS Instant Issue Cards

Instant issuer Dynamic Card Solutions announced that
TN-based US Community Credit Union is utilizing its instant issue software and
associated hardware to offer its members personalized debit cards
on-demand at the branch level. US Community Credit
Union chose DCS as its instant issue provider of choice, implementing
DCS’ “CardWizard” instant issue software, FCP 20/20 card printer, and PIN
selection devices. The credit union has the ability to print multiple
card images on-demand with DCS’ FCP 20/20 card printer, and now offers
21 different background images that members can choose from. Cardholders
can also choose their own PIN at the branch.
Issuing the personalized card on-demand and allowing the member to
choose their own PIN at the branch level eliminates the need to send the
cards through the mail, which can take up to seven to 10 business days. USCCU has 20,000 members and over $130
million in assets.

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Discover Offers Military Members and Their Families Double Rewards

Discover Financial Services announced it will automatically reward Discover cardmembers with Double “Cashback Bonus” or “Double Miles” when they make purchases at U.S. military bases from Memorial Day through Labor Day. It will include military installations in the United States and overseas, and includes purchases of up to $1,000 made at commissaries, exchanges, shopettes/convenience stores, exchange catalogs, exchange online stores and exchange gas/service stations on-base. Cardmembers also have the ongoing option to donate their “Cashback Bonus to Operation Homefront,” which is a non-profit organization that provides emergency assistance and morale to our troops, their families and to wounded warriors when they return home. The organization leads more than 4,000 volunteers in 30 chapters serving 37 states nationwide. Cardmembers can learn more at Discover.com/military and www.ItPaystoDiscover.com.

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Western Union Announces Organizational Changes to Improve Efficiency

The Western Union Company announced a global initiative to simplify its business processes, move decision-making closer to the marketplace, and leverage its cost structure. The multi-phased initiative includes a smaller, more streamlined management and changes to its global operations with fewer reporting layers. With this, the number of Executive Vice Presidents, Senior Vice Presidents, and Vice Presidents will be reduced, mostly over the next 30 days. A new Executive Vice President position will be created, focusing on electronic channels and new customer segments, both consumer and business. The proposed changes to business operations include the closing, consolidation, and downsizing of facilities and the creation of a new regional operations center in Europe.

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Ingram Micro Welcomes Channel Partners to POS Invitational

Ingram Micro announced its 2010 “Data Capture/POS Division Partner Invitational”, themed “Partner. Capture. Grow.” in Chicago, May 26-28, at the Sheraton Chicago Hotel & Towers. The Partner Invitational has earned a reputation as an exceptional business-building event for channel partners and IT vendors who focus on vertical markets such as hospitality, government and retail. Keynotes and presentations will come from Honeywell, HP, Motorola and Star Micronics, Ingram Micro Data Capture/POS executive team, as well as Ingram Micro’s vice president of services, Justin Crotty; Dash Consulting’s co-owner and communications expert, Andy Craig; and Ingram Micro’s vice president of business development, Bob Laclede who will discuss the new market opportunities and drivers for Ingram Micro channel partners focused on healthcare IT. For more information about the Ingram Micro Data Capture/POS Division, visit dcpos.ingrammicro.com.

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Restaurant Data Concepts Facing Lawsuits

RI-based POS technology provider Restaurant Data Concepts and NJ-based CC Productions are the target of pending legal action
for possible PCI DSS breaches of its POSitouch technology, installed in more than 20,000
restaurants nationwide. According to the attorneys preparing the lawsuit,the companies allegedly sold and installed POS
systems that contributed to identity thefts at multiple restaurant
locations. At the core of the allegations in the developing lawsuit:
1) POSitouch’s POS system failure: A forensic
audit reveal that POSitouch sold a system that was non-compliant with
PCI-DSS. 2) CC Productions’ mismanagement: The reseller engaged in
flagrant violations of PCI standards that gave rise to the security
breaches. When companies such as CC Productions engage in the support
and management of a merchants’ POS application system they need to
ensure that they are not engaging in suspect actions that open up the
ports so that hackers may penetrate the entire system through malware.
While the exact amount of the identify theft losses to banks, the
financial losses to the restaurants, fines, investigatory costs, fines
imposed by the credit card companies and other costs attributed to
fixing the computer systems’ security breaches are still being tallied,
the lawsuit is seeking compensation to repay the penalties levied by the
credit card companies and the massive costs to track down and repair the
POS system problems. According to the attorneys, damages “could run well
into seven figures.”

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NCR Rolls Out BLOCKBUSTER Express DVD-Rental Kiosks

NCR Corporation has introduced BLOCKBUSTER Express-branded DVD-rental kiosks at 105 Tom Thumb and Randalls stores in Dallas,
Houston, and Austin. NCR announced plans to replace existing DVDPlay-branded kiosks with
BLOCKBUSTER Express units when it acquired DVDPlay in December 2009. As
a result, former DVDPlay customers now have the benefit of the largest
selection of DVDs in the industry. With capacity for more than 950 DVDs,
NCR’s kiosks hold more than twice the typical number of DVDs held by
competing kiosks. In addition, customers now will be able to return DVDs
two hours later at 9 p.m., as well as rent DVDs online at
blockbusterexpress.com. Consumers can conveniently return DVDs to any BLOCKBUSTER Express kiosk,
not just where they rented the DVD. No membership is required to rent
a DVD at a BLOCKBUSTER Express kiosk – customers simply swipe their
credit card and are charged $1 per night until they return the DVD.

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PHYWORKS

Mixed signal IC provider Phyworks has announced shipment of its 30 millionth chip and predicts revenue growth in 2010 of 90%. The company cites revenue increases in core PON (passive optical network), mobile backhaul and equalizer markets as key contributing factors to its on-going success.
Phyworks is a privately held company headquartered in Bristol, UK and established a dedicated office in Santa Clara, USA in 2009. Phyworks was named as the UK’s 5th fastest growing private technology company and #1 fastest growing semiconductor company in the Sunday Times’ TechTrack 100 Awards for 2009.

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VeriFone Reports 1Q/10 16% Revenue Increase

VeriFone posted a 16% increase in 1Q/10 revenues to $240.7 million, compared to 1Q/09 revenues of $201.6 million. Meanwhile, the POS terminal manufacturer posted Non-GAAP gross margins of 39.2%, compared to 39.2% in the prior quarter and 33.8% in 1Q/09 and GAAP net income per diluted share of $0.23, compared to $0.12 per diluted share in the prior quarter and $0.13 per diluted share in 1Q/09. During the quarter, VeriFone announced the acquisition of the assets of Orange Logic, a South Korean payment systems provider, gaining the people and infrastructure needed to introduce its secure electronic payment product line into the Republic of Korea. VeriFone also launched its “VX Evolution” to offer reliability and extended product lives, leveraging technologies widely-used in the cell-phone industry and meeting PCI PED 2.0 standards. For complete details on VeriFone’s latest performance visit CardData (www.carddata.com).

REVENUE HISTORICAL
1Q/07: $217.2 million
2Q/07: $231.7 million
3Q/07: $237.9 million
4Q/07: $185.5 million
1Q/08: $233.0 million
2Q/08: $258.7 million
3Q/08: $244.7 million
4Q/08: $214.0 million
1Q/09: $201.6 million
2Q/09: $211.2 million
3Q/09: $217.8 million
4Q/09: $223.4 million
1Q/10: $240.7 million
Source: CardData (www.carddata.com)

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BANKING REPORT

Research and Markets has announced the addition of the “Kazakhstan Commercial Banking Report Q2 2010” report to their offering. Kazakhstan Commercial Banking Report provides industry professionals and strategists, corporate analysts, banking associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Kazakhstan’s commercial banking industry.
The report profiles BTA Bank, Kazkommertsbank, Halyk Bank of Kazakhstan, Alliance Bank,HSBC Kazakhstan,KZI Bank
and KazInvestBank.

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GCA to Present at the Cowen and Company Annual Conference

NV-based casino cash supplier Global Cash Access Holdings announced that Scott Betts, president and chief
executive officer, will present at the Cowen and Company 38th Annual
Technology Media& Telecom Conference on Wednesday, June 2, 2010 at the
Palace Hotel in New York City. The presentation will begin at 3:25pm EDT.
Global Cash Access is a leading provider of cash access products
and related services to over 1,100 casinos and other gaming properties
in the United States, Europe, Canada, the Caribbean, Central America and
Asia.

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Cardlytics Appoints Senior VP, Business Development

Jason Brooks has joined Cardlytics transaction marketing as senior vice president of business development. Bringing with him a wealth of experience, Brooks served as VP, product development with Meta Payment Systems (MetaBank), after having founded ECM Financial Services paycards in 2002. Brooks also served as InComm’s vice president of financial services, overseeing the U.S. and international launch of various gift card products and retail money remittance solutions. Cardlytics unites banks and merchants to provide rewards to customers based on their individual purchase behavior.

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UMB Acquires Credit Card Portfolio from 5Star Bank

Kansas City-based UMB Bank has acquired CO-based5Star Bank’s credit card portfolio.
5Star Bank is a provider of banking services for Armed Forces Benefit
Association (AFBA) a 63-year-old organization of members of the
uniformed services of the United States. The agreement
included $66 million in assets and 63 agent bank credit
card relationships. Terms of the deal will not be disclosed.
UMB Financial Corporation owns and operate 135 banking centers throughout
Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona.
5Star Bank is a $192 million asset organization.

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