More Networks Certify Passport with PA-DSS Point of Sale System

Heartland Payment for CITGO, Marathon and RBS WorldPay have approved Passport with PA-DSS POS system software for retailers on their networks. They join BP, Chevron, Concord, ExxonMobil, NBS/Cenex, and Shell software applications that are already shipping. Gilbarco Veeder-Root continues to develop and certify additional networks because the broad approval is important to multi-branded retailers who benefit from using the same point of sale system at all their locations. Passport systems are being installed across the country as retailers approach the July 1 Payment Card Industry (PCI) deadlines to replace point of sale systems that do not meet PCI requirements. Passport provides a highly intuitive touch screen interface that minimizes training time, errors and shrinkage

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TSYS and Planet Payment Continue Multi-Currency Processing

Planet Payment and payment processing outsourcer TSYS have signed an extension of
their multi-currency processing agreement. Under the agreement, TSYS
Acquiring Solutions will continue to offer Planet Payment’s “Dynamic
Currency Conversion” and “Multi-Currency Pricing” solutions to its customers.
TSYS e-commerce and mail order/telephone order merchants reach
international markets more effectively with Multi-Currency Pricing by
localizing the product and featuring pricing and pay in local
currencies. Multi-Currency Pricing is available through several
certified payment gateways, including Planet Payment’s “iPAY Gateway”.
With Dynamic Currency Conversion, international MasterCard and Visa card
customers can pay in their home currency at the point of sale —
providing greater convenience and clarity, while eliminating the
guesswork associated with international payments.

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Merchant Warehouse Integrates BINsmart POS Platform

Merchant Warehouse has integrated its MerchantWARE “BINsmart” with the
MICROS-Retail “Xstore Java POS”, enabling merchants to
save up to 12% on interchange fees with a secure payment processing
solution. Using tokenization and SSL connections, “BINSmart” helps
merchants process transactions at
the lowest possible cost by automatically identifying the card type
being used in the transaction, and prompting debit card users to enter
their PIN. This sophisticated, yet simple solution avoids Interchange
rates and fees by opting for PIN-debit transactions over credit whenever
possible. Interchange fees make up the majority of a merchant’s
processing expenses, but since PIN-debit transactions are not processed
on the Interchange networks, PIN-debit transactions are less expensive.
MICROS-Retail develops retail software solutions for both store and
direct channels and provides point-of-sale and store management,
eCommerce platforms, order management, loss prevention, sales audit,
gift card and loyalty, CRM, merchandising and cross-channel solutions.
Through this integration, once a transaction is run through the
MICROS-Retail POS terminal, all sensitive credit card data is
transported via an encrypted SSL connection to the Merchant Warehouse
payment gateway.

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FORUM CATALYST

Zain EMEA mobile telecommunication operator has partnered with Connectiva Systems risk management to participate in the “Forum Catalyst Program 2010.” The “Catalyst Program” helps create and launch leading-edge industry solutions and is hosted by the TM Forum, one of the largest communications and media industry associations in the world representing more than 700 companies and 185 countries. Connectiva Systems has also collaborated with Dataupia, a leader in highly scalable, cost-effective, MPP data warehouse appliances, and Protiviti, a global business consulting and internal audit firm, to help establish and demonstrate best practices for mCommerce management. The Catalyst objectives include: defining a common framework for the integration of different mCommerce business models, developing processes and key performance indicators for the TM Forum’s standards library, understanding revenue management procedures and analyzing the profitability and customer preferences of mCommerce services.

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MasterCard Worldwide Network Improves POS Revenue & Operating

MasterCard Worldwide has introduced its multiple innovative enhancements to the MasterCard Worldwide Network. Offering its financial-institution customers and merchant partners opportunities to improve the shopping experience for cardholders, the enhancements identify new business opportunities and improve operational efficiencies. With this network upgrade, MasterCard will introduce “authorization response time reduction” to increase approval rates and improve the cardholder experience at the POS by reducing the time it takes to authorize a transaction and “Authorization Message Expansion” to enable additional transaction information and intelligence to be exchanged during authorization, allowing financial institutions to support new business opportunities. With this, “Pay with Rewards” allows US cardholders to redeem rewards and loyalty points at the point of sale as payment for goods and services at merchants that accept MasterCard payment cards; Automated Fuel Dispenser Hold reduces open-to-buy hold times on cardholder funds to less than two hours, for purchases made at automated fuel dispensers, improving the cardholder payment experience by helping to ensure more timely access to their funds. Expert Monitoring Compromised Account Service evaluates the threat of fraud from compromised accounts in real-time during authorization to help issuers effectively manage re-issuance costs.

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Citi Now Offering The Shell Drive for Five Card

Citi now offers consumers ongoing fuel savings and a way to
manage fuel and related automotive purchases with its “Shell Drive
for Five Card”. Providing cardholders the ongoing opportunity to save 5
cents per gallon on Shell-branded fuel, including Shell diesel, when
they purchase at least 45 gallons each month, up to 100 gallons, the
“The Shell Drive for Five Card” offers numerous benefits. These include
pay-at-the-pump convenience, separate tracking of
gasoline purchases, online account management and payment features, ATM
cash access, flexible revolving terms or pay in full with a 25-day grace
period, $0 liability for unauthorized charges and Citi Identity Theft
Solutions protection feature. In addition to fuel purchases, the Shell
Drive for Five Card can be used to pay for convenience store purchases,
car washes, or other products and automotive services offered at over
14,000 Shell stations nationwide.

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Plastic Jungle and Offerpal Launch Virtual Currency Exchange Deal

Web-based gift card exchange Plastic Jungle has partnered with CA-based
virtual currency payment provider Offerpal Media to enable consumers to
convert unused and partially redeemed gift cards into a payment method
for virtual currencies. Through this agreement, consumers will be able
to exchange gift cards for purchasing power within thousands of the
Web’s top online games, virtual worlds and social networks, tapping the
estimated $30 billion unredeemed gift card economy. Offerpal’s
alternative payment platform gives consumers the opportunity to earn
virtual currency for free by taking part in targeted advertising offers,
shopping at big-brand retailers, completing online surveys, watching
videos or otherwise engaging with brands. Plastic Jungle has deployed
a customized site, which will allow consumers to exchange gift cards for
Game Points on Offerpal’s new portal, GamePoints.com. Gift cards will
soon be presented as an alternative payment method available for
Offerpal’s 2000+ publishers.

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WORLD BANK & GEMALTO ICT

The World Bank and Gemalto have signed a Memorandum
of Understanding to join efforts in supporting social and economic
advancement in developing countries, by leveraging innovative
information and communication technology (ICT).This joint effort will provide knowledge sharing with the aim of
leveraging Gemalto’s international experience in areas such as secure
electronic identity and mobile financial services, to help governments
gain greater and wider access to best-in-class technology, expertise and
practices. The eTransform Initiative seeks to leverage the power of ICT in
developing countries to transform the lives of their citizens by
connecting governments with the best experts from around the world. The
initiative seeks to fast-track the use of ICT in government projects and
in the way services are delivered to citizens and business.
This collaboration forms
a part of the World Bank’s new eTransform Initiative, which was formally
launched on April 23rd at a World Bank Spring Meetings event attended by
developing country ministers of finance and communications.

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MasterCard 1Q/10 Sees Net Revenue Up 13%

MasterCard’s 1Q/10 net income totaled $455 million while net revenue was $1.3 billion, a 13.1% increase on the year-ago quarter and was up 10.2% on a constant currency basis. This positive performance was thanks to an increase in cross border volumes of 10.9%; growth in MasterCard’s gross dollar volume by 8.3% on a local currency basis to $631 billion; and a 4.6% increase in processed transactions. Worldwide purchase volume during the quarter was up 8.7% on a local currency basis versus the first quarter of 2009, to $473 billion. The number of processed transactions increased 4.6% compared to the same period in 2009, to 5.4 billion, using the 1.6 billion issued MasterCard and Maestro-branded cards. The increase in total operating expenses was partially offset by a 0.7% decrease in advertising and marketing expenses versus the year-ago period. The operating margin was 53.5% for the first quarter of 2010, up 4.9 percentage points over the year-ago period.

MASTERCARD TRANSACTIONS (millions)
(purchases + cash)
TRANSACTIONS
Mar 31, 2010 8,500
Dec 31, 2009 8,460
Sep 30, 2009 8,228
Jun 30, 2009 7,985
Mar 31, 2009 6,475
Dec 31, 2008 7,768
Sep 30, 2008 7,638
Jun 30, 2008 7,462
Mar 31, 2008 6,972
Dec 31, 2007 7,306
Sep 30, 2007 6,842
Note: All MasterCard Credit, Charge and
Debit Programs processed on MasterCard’s
networks. Source: CardData (www.carddata.com)

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TNS Payment Division Posts 7.5% Revenue Increase

TNS data communications services posted total revenue for the 1Q/10 up a massive 72.2% to $129.6 million from the 1Q/09 revenue of $75.3 million. On a constant dollar basis, revenues increased 67.1% to $125.7 million while GAAP net income was $1.1 million, versus first quarter 2009 GAAP net loss of $24,000. Revenue from the Payments Division alone increased 7.5% to $47.7 million from $44.4 million in first quarter 2009. Adjusted earnings more than doubled to $15.0 million compared to the adjusted earnings of $7.3 million in 1Q/09. Revenues generated outside North America, formerly reported as the International Services Division (ISD), are now incorporated into Payments and Financial Services, respectively. Meanwhile, revenue from the Financial Services Division increased 3.3% to $16.4 million from first quarter 2009 revenue of $15.9 million.

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GCA & DiamondStream Deploy Proprietary Marketing Tool

Global Cash Access has launched its proprietary marketing and business
intelligence tool, Casino Share Intelligence (CSI), powered by
DiamondStream. A Web-based data analysis tool that provides gaming
operators a full picture of where and how patrons are spending their
gaming dollars, DiamondStream evaluates the success of existing and
future marketing strategies. Using GCA’s rich data, CSI presents
weekly trended market share reports over the last twelve months,
including: Market Share, Wallet Share, Patron Share, and Top Patron
Module; all with drill-down diagnostic capability. From this data,
casino operators can assess the success of their current marketing
strategy and prioritize where to focus marketing dollars in order to
drive additional business to their casino floor. They can also evaluate
the success of new marketing initiatives in driving improved market
share, patron share and wallet share. Furthermore, the Top Patron Module
allows marketing departments and player development the opportunity to
predict defection and identify the total wallet value of its most
valuable patrons. This can be used to prioritize on whom to spend to get
the biggest return on that investment.

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INSIDE CONTACTLESS & ATMEL

INSIDE Contactless has entered into an agreement to purchase for cash
consideration Atmel’s Secure Microcontroller Solutions (SMS) business.
The transaction will be financed by the existing INSIDE investors led by
Gimv and Sofinnova Partners, along with the French sovereign wealth
fund, Fonds Stratégique d’Investissement (FSI). Atmel also will make an
investment in INSIDE. After completion of the information and consultation process with its
Works Council, in accordance with French law, Atmel will seek
authorization from its board of directors to enter into the purchase
agreement with INSIDE, with the transaction expected to close in the
third quarter of 2010, subject to certain closing conditions.

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