ELEPHANT TALK & VALIDSOFT

Telecomm provider Elephant Talk Communications has completed the acquisition of card fraud solution provider ValidSoft.
Designed for both cross-border and domestic card present fraud, covering
both Point-of-Sale and ATM devices, VALid-POS works by correlating the
proximity of a customer’s cell phone to the location of the actual
transaction; anywhere in the world without tracking the individual, like
the way GPS based products perform. ValidSoft’s patent pending solution
not only reduces false-positive card declines (situations where
legitimate credit card transactions are denied) by as much as 95%, it
also detects fraudulent transactions in real-time. VALid-POS automated
solution is invisible to the card user and takes less than half a second
to advise the bank. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings.

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PAYPAL & CUP

PayPal has announced that China UnionPay (CUP) card members will be able to use PayPal to shop online. CUP card members will be able to use PayPal in the third quarter of 2010. This gives merchants the opportunity to spend the coming months preparing their Web stores for Chinese consumers, including adding Chinese translation and fast, cost effective shipping methods. China UnionPay is the national bankcard association in China. As the pivotal role of China’s bankcard industry, China UnionPay is responsible for operating unified inter-bank clearing and settlement system in China and developing the international acceptance network for CUP card. As of now, CUP card international acceptance network has been extended to 90 countries and regions. Over 10 of them, including Japan, Korea, Singapore, Russia, Mongolia etc, have issued CUP card.

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Plastic Jungle Raises $7.4 Million in Financing

Internet based gift card exchange Plastic Jungle has raised a total of
$7.4 million in its Series B financing. New investor Redpoint Ventures
led the round and previous investors Shasta Ventures, First Round
Capital and Bay Partners, as well as other existing investors also
participated. Following their Series A funding in 1Q/09, Plastic
Jungle assembled a
management team with deep experience in online marketplaces (eBay),
online payments (PayPal), and gift cards (Blackhawk Network). Plastic Jungle
will use the funding to bring liquidity to
the estimated $30 billion economy in unredeemed gift card cards for the
benefit of consumers, retailers and other e-commerce companies.
Plastic Jungle previously secured $6 million in Series A funding,
bringing its total equity funding to $13.4 million. The Series B
financing was completed at an increased valuation over the prior round,
which occurred in March 2009. Plastic Jungle’s exchange makes it easy
for consumers to get the most
value out of gift cards, allowing users to get cash for unwanted gift
cards for up to 92% of the unused balance and buy gift cards at up to a
30% discount.

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Trustwave Introduces Integrated Managed Security Portal

Trustwave information security and compliance has made available its new portal that integrates all customer compliance and security solutions into a single dashboard. Trustwave’s Managed Security Portal provides clients a unified view of their security posture, integrating Trustwave’s compliance, managed security and product support services. Data from these services is consolidated within the portal to provide customers with a snapshot of their security posture. Searches and reports include information across all of these technologies, throughout a customer’s entire infrastructure. The new Managed Security Portal allows clients to view, create, and manage support requests with Trustwave’s Security Operations Center (SOC).

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Global Payments & CityCenter Offer Cash Advance Service

Global Payments payment processing and cash access services has signed contracts between its Gaming Services division and CityCenter Land, providing ARIA Resort and Casino with its “PlayerCash” payment card cash advance service. Using the VIP LightSpeed PC-based platform, the service provides cash access services for traditional and electronic check cashing, ATM check cashing, and credit and debit card cash advances. Global Payments electronic transaction processing services offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services.

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Infinite Peripherals Releases New Mobile POS

IPC has rolled out the “Line-a-pro”, new mobile POS device that features a barcode scanner and magnetic stripe reader that harnesses the power and portability of Apple’s iPod touch.
Line-a-pro is designed to allow any retail business to benefit from the ease-of-use, convenience and efficiency this handheld system offers, in addition to maximizing valuable floor space by eliminating POS counters and traditional cash register purchases. Beyond POS, the flexible Line-a-pro can interact with software written for other applications and industries, including inventory management, asset tracking, ID verification, lead tracking, inspection/work flow, dispatch, time/labor and lab and healthcare. IPC is pursuing other capabilities as well, such as support for Apple’s iPhone. Accompanying the Line-a-Pro are software development resources and tools so customers can program the scanner and reader functions into their own software application, and thereby extend its versatility. IPC also has partnerships with several development companies who can write applications for the Line-a-pro.

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MasterCard Launches Arnold Palmer Invitational Prepaid Card

The Arnold Palmer Invitational Presented by MasterCard (March 22-28, 2010) and MasterCard Worldwide have made available “The Arnold Palmer Invitational Presented by MasterCard” Prepaid MasterCard Business Gift cards, created exclusively for the tournament. Created in partnership with Springbok Services, the card design features the Arnold Palmer signature and umbrella logo and can be provided to tournament guests to make purchases anywhere on the tournament grounds. Cards can be preloaded with dollar amounts ranging from $20 to $1,000 and ordered via www.arnoldpalmerinvitational.com. After the tournament, remaining card balances can be used for purchases online, in stores or anywhere Debit MasterCard is accepted.
For each card ordered, The Arnold Palmer Invitational Presented by MasterCard will donate $1.00 to the Arnold Palmer Medical Center. Prepaid MasterCard cardholders also have access to significant merchant-funded discounts and special offers from more than 25,000 merchants across the U.S. through MasterCard Savings, a merchant-funded rewards program.

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MBNA No Longer to Issue Credit Card Checks

MBNA is set to stop issuing all new promotional checks, standard credit card checks and replacement checks. This comes as part of the Company’s commitment to new industry standards of clarity, simplicity and transparency. Customers can access their credit facility by using their credit card, making a balance transfer or money transfer online or over telephone or withdrawing cash either at an ATM or over the counter. Customers can order replacement checks up to and including March 31, but will no longer be able to order any new or replacement cheques thereafter. MBNA is a wholly owned subsidiary of Bank of America whose credit cards and related products and services are endorsed by more than 5,000 organisations worldwide.

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Syniverse Technologies Continuing to Grow A2P and P2P

Syniverse Technologies says it continues to see significant growth of
the company’s application-to-person (A2P) and peer-to-peer (P2P) message
delivery across its network.
Organic growth in Syniverse messaging spans across the company’s short
message service (SMS) for text messages, multimedia message service
(MMS) for pictures and video, and mobile enterprise services (MES)
solutions. MES provides businesses a way to send time- and event-based
text messages to their employees, customers and partners around the globe.
The Syniverse MMS Interworking Gateway platform realized its most
significant rise in traffic volume during the fourth quarter 2009, with
a 170% increase from the year before. The daily average of MMS messages
delivered by Syniverse in 2009 exceeded the previous year’s record by
more 128%. MES also continues to be a strong area for Syniverse as more
consumers show an interest in A2P applications, such as mobile banking.
In the last quarter of 2009 alone, Syniverse saw a 76% increase in the
total number of enterprise messages delivered year-over-year. Today,
Syniverse’s growing global mobile banking and financial services
customer base includes six of the top 10 U.S. banking brands, two of the
top five credit card issuers and two of the top three U.S.-based global
airline carriers. Additionally, two of the top three banking
institutions in India also rely on Syniverse to power their mobile
banking and alerting services.

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State of Arkansas Takes Government Payment Process Mobile

Arkansas has implemented a mobile feature on its website to enable
secure payments for three high-volume online government services: inmate
trust account deposits; probation and parole supervision and restitution
payments; and Pulaski County property tax payments. They are available on all
smartphone operating platforms, including iPhone, Blackberry, Google
Android, Windows Mobile, and Palm.
Arkansas.gov’s mobile site is the latest enhancement to the state’s
eGovernment services for mobile phone users. The Arkansas Game& Fish
Commission’s Game Check service provides real-time game tagging for
mobile devices and the state also provides iPhone apps for the
Arkansas.gov Web site and the Recovery.Arkansas.gov searchable service
to locate nearby recovery projects funded by the American Reinvestment
and Recovery Act of 2009.

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Intersections Announces 2009 Revenue of $364.6MM

Intersections announced an uptick in revenue for the year ended December 2009. Total revenue was $364.6 million for the year ended December 31, 2009, including $18.5 million from the Background Screening segment. Total revenue for the year ended December 31, 2008 was $361.6 million, including $27.8 million from the Background Screening segment.
Adjusted EBITDA before share-based compensation for the year ended December 31, 2009, prior to non-cash impairment charges, decreased to $18.6 million from $45.1 million for the comparable period in 2008.
Loss before taxes and noncontrolling interest was $10.4 million for the year ended December 31, 2009, including a loss before taxes and noncontrolling interest of $11.3 million for the Background Screening segment, $5.8 million for the Online Brand Protection segment, and $2.9 million for the Bail Bonds Industry Solutions segment. Loss before taxes and noncontrolling interest was $27.9 million for the year ended December 31, 2008, including a loss before taxes and noncontrolling interest of $19.7 million for the Background Screening segment, $14.9 million for the Online Brand Protection segment, and $4.1 million for the Bail Bonds Industry Solutions segment.
Net loss was $6.4 million, or ($0.36) per diluted share, for the year ended December 31, 2009, compared to net loss of $16.0 million, or ($0.93) per diluted share, for the year ended December 31, 2008.
Cash flow provided by operations for the year ended December 31, 2009 was approximately $17.4 million.

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