Cypress Introduces Device Selection for Perfect PSoC Solution

Cypress Semiconductor has introduced its “Electronic Product Selector Guide” online product selection tool for its “PSoC 3” and “PSoC 5” architectures. Now available at www.cypress.com/go/PSoCePSG, the selection tool streamlines the selection of the optimal PSoC device based on the peripheral functions a designer wants to implement in the programmable analog and digital resources. As a user makes selections in the tool’s intuitive user interface, the “Results” field of applicable parts dynamically narrows down, displaying the part with the best match first. The “Electronic Product Selector Guide” allows designers to easily customize the number of ADCs, DACs, comparators, OpAmps, PGAs, TIAs and mixers needed in the analog subsystem; the number of timers, PWMs, counters and communications interfaces, including I2C, SPI, UART, I2S, Full-Speed USB and CAN, needed in the digital subsystem; and the speed, microcontroller core, memory, voltage, temperature range and package in the CPU subsystem.

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Cubic’s Compass Card Picked Up by Commuters

Cubic Transportation Systems has delivered the new regional smart card system. Compass will be rolled out
to the last of the region’s pass holders in April, with full deployment
expected a month later. The Compass Card is a reusable, reloadable transit pass that is
replacing traditional paper passes. Riders “tap” their cards on
electronic validators as they board buses and at Trolley and train
stations to access transit. Cubic’s open platform Nextfare system
captures Compass Card usage by station providing better ridership data
for service planners and integrates fare product sales
devices, station validators and other revenue collection devices
providing streamlined reporting and management.
Nextfare Internet module for sales and
distribution makes it possible for a Compass Card user to log on to
www.511sd.com and purchase monthly passes. The accountholder
automatically adds the pass to the card by tapping at any fare device
the next time the customer rides transit. Almost two-thirds of San Diego County’s 90,000 active pass users have
converted to the Compass Card since the San Diego Association of
Governments (SANDAG) introduced it last May.

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Wet Seal a Victim of Gonzalez Data Theft

Specialty clothing retailer Wet Seal was a target of the credit card
data theft ring headed by convicted hacker Albert Gonzalez.
Wet Seal detected the data breach in May 2008. Through an investigation
led by an independent,
third-party computer forensics firm, and corroborated by members of the
U.S. Secret Service and U.S. Department of Justice, there was no
evidence to
indicate that any customer credit or debit card data or other personally
identifiable information was taken. The Company implemented
systems enhancements and has passed the most recent information security
audit to achieve compliance under the Payment Card Industry
Data Security Standard (PCI DSS).

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iPayment Posts 2009 Revenue Loss of $77MM

iPayment has released its full year 2009 revenues ended December 31st of the year, which totaled $717,928,000. These totals are down $76,897,000 from the 2008 total figure of $794,825,000 thanks to the challenging economic environment. Revenues, net of interchange, declined to $320,398,000 for 2009 compared with $344,255,000 for 2008 while net income was $11,740,000 for 2009 compared with $14,303,000 for 2008. The Company filed its Annual Report on Form 10-K for 2009 with the Securities and Exchange Commission today. iPayment provides credit and debit card-based payment processing services to approximately 140,000 small merchants across the United States.

REVENUE HISTORICAL
4Q/08: $193.0 million
1Q/09: $170.1 million
2Q/09: $190.2 million
3Q/09: $182.7 million
4Q/09: $174.9 million
Source: CardData (www.carddata.com)

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Comdata Corporation Supports, Participates in PCI DSS

Comdata Corporation, provider of the new Smart Solutions suite of point-of-sale systems for travel plazas and convenience stores, now supports the PCI Security Standards Council. As a participating organization, Comdata works with the Council to evolve the PCI DSS and other payment card data protection standards. The standard is endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa and requires merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data integrity.
As a participating organization, Comdata has access to the latest payment card security standards from the Council, is able to provide feedback on the standards and is part of a growing community that includes more than 500 organizations. Comdata convenience store POS issuer and a processor allows more than $23 billion in fleet card, credit card, paycard and virtual card transactions annually. Over 1.8 million Comdata cards are issued annually, and active cards at any given time total approximately 1.5 million.

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Trustcash to Acquire 25% of Alligato to Launch mPayment

Trustcash has signed a definitive Term Sheet outlining the terms for the acquisition of 25% of Alligato. Trustcash has also agreed to enter into a software development agreement with Alligato for the purposes of developing a Mobile WAP based payment platform and providing ongoing technical support. Pursuant to the Term Sheet Twenty Five Thousand dollars was advanced to Alligato to begin work on the new mobile platform. Alligato comprehensive voice 2.0 platform infrastructure provides the first truly open access to carrier-grade telecom functionality with hardware, software and network capacity to lower the cost of cell phone long distance from the wireless network to the Public Switched Telephone Network (PSTN) as an on-demand, fully hosted and managed service in a CaaS (Communications as a Service) model.

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37% of Debit Users have NSF Covered By Overdraft Protection

Of the more than 350
million U.S. debit
card holders, 37% have had an insufficient funds transaction
covered by an overdraft protection program within the past year.
Before the recession, the
overdraft protection market was predominantly made up of light and
moderate NSF users — with a small number of heavy users accounting for
the vast majority of overdrafts and NSF fees. As of March 2010,
according to NE-based ACTON Market Intelligence conducted in
February and March, a
majority of overdrafters remain light users (1 to 4 ODs per year).
However, more than one-in-three of the over-drafters are heavy users,
accumulating more than 10 overdrafts per year. That data suggests that
some non-over-drafters became light users, and moderate over-drafters
became heavy users, which considerably widens the market affected by
Regulation E. Users tend to
average around 42 years old, white
female, empty nesters, who tend to own rather than rent their homes, and
have annual household incomes of $48,500.

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Select Comfort Inks New Credit Agreement With Wells Fargo

MN-based mattress manufacturer Select Comfort Corporation has announced it has entered
into a new credit agreement with Wells Fargo Bank. The credit
agreement, which has a term through June 2012 and provides a commitment
of up to $20 million, replaces an existing credit facility with a
syndicate of banks. Additional details of the credit agreement are outlined in the company’s
Current Report on Form 8-K, which will be filed with the Securities and
Exchange Commission (SEC).

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Among Small Businesses, 58% say Economy Worsening

Most small business indicate conditions for their businesses getting worse in the next six months with 53% blaming the economic climate, compared to the 37% in February. Of the remaining 47%, 20% say things are getting better, 20% say things are the same and the remainder is unsure. This data, according to the Discover Small Business Watch, also showed the monthly check on the pulse of small business owners measured 75.7 in March, down 9.2 points from February, while 52% are planning to decrease spending, up from 43 percent in February, 27% would make no changes and 18% plan to increase spending. Overall, 58% said the economy is getting worse, up from 44% in February, 22% think it is getting better, down from 31% the prior month, and 16% say it’s staying the same, versus 24% last month. Meanwhile, when asked which taxes caused the most frustration, 29% said federal income taxes; self-employment taxes said 25%; real and personal property taxes said 7%; employer portion of Social Security taxes said 5%; sales taxes said 4%; and unemployment taxes said 3%.

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Discover to Continue as the Payments Network for Walmart Card

Discover has extended its multi-year, network agreement with Walmart through 2015 and will continue to be the exclusive network for transactions made on the Walmart Discover card. GE Money bank launched the Walmart Discover card in 2005. Walmart Financial Services relies on Discover for the success of its card program and values the brand alignment for providing innovative features for added benefits to cardholders. Discover has been the exclusive network for the Walmart Discover card since its launch and this extension represents a commitment to further strengthening the relationship.

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Lecere To Support Mobile POS Handhelds

OR-based software start-up Lecere Corporation has announced
that it will support mobile handheld devices from various manufacturers.
Lecere’s initial deployment of its fully web-based, full-featured Point
of Sales software for restaurants is scheduled for April 30, 2010.
Features include (1) clock in/clock out, (2) manager, hostess, server,
expediter, kitchen, and bar roles with screen, handheld, and printer
screen views, (3) handheld, tableside order entry, (4) order item
progress and alerts appropriately sent to the various roles’ views (e.g.
‘bar’ role sees drink orders on any associated screens and/or printers,
with expediter and server notified when an item is ready), (5)
off-the-floor credit card scan (credit card never leaves the owner’s
view), (6) menu definition, (7) tables definition with auto/manual (as
appropriate, e.g. ‘seated’ as long as there are open tickets), and (8)
table state management: open, seated, dirty, and closed.

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