PAYDAY LOANS

Payday loan company Lending Stream reports that more
people than ever are turning to short-term credit in the form of payday
loans as compared to other forms of bank loans and credit card options.
The value of a real loan can be experienced only when other sources fail
to turn into reality, and just one converts into money. This is an
authentic statement about short-term loans that just need a couple of
hours to transform from a need into hard cash. The range of options from
the initial filling up of the application form to the final transfer
into the bank account, promises customers an easy, reliable transaction. Payday loans are proving to
be the most effective source of credit during tough times.

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PlasmaTech Appoints New VP, Sales & Marketing

Pete Martin has been appointed PlasmaTech VP, sales and marketing. Bringing with him over 20 years’ experience in the card access and RFID industry, Martin offers PlasmaTech secure wireless solutions a wealth of knowledge in his new role. Martin founded Automatic Access Control (AAC) and Access Control Technologies, both of which specialize in RFID applications and both of which he sold by 1998. Then in 2000 Martin founded AAID Security Solutions, which grew to become one of the most prolific integrators of RFID solutions, and he has served as president of 1st Choice Security Systems RFID solutions since 2009 as a stocking distributor to a large reseller base. He has a B.A. from American University and a Master’s Degree in International Affairs from George Washington University. for consumer, industrial and government applications.

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CREDIT CARD FINDER

Credit Card Finder analysed Reserve Bank statistics reports that the average outstanding balance on credit cards stands at a record $3,250.60, up 3.3% on a year ago, and the strongest rate of growth in 13 months. However, while Australian consumers left more outstanding debt on their credit cards in December, they are more likely to pay off credit card debt without incurring interest charges or use debit cards instead. Of credit cards attracting interest charges, the average outstanding balance rose by just $7.40 to $2,303.00, a rise of less than one-third of 1%. The average balance accruing interest is 1.4% higher than a year ago. The smoothed (rolling annual average) measure shows 1.3%
growth in the average balance – the slowest growth on record.
The number of purchases made on credit cards rose by 15.2% in December, to stand 4.1% higher than a year ago. On average, the RBA statistics show that Australian consumers used their credit cards 10.6 times on average in December, slightly less than the record in December 2004. On average each Australian used their debit cards a record 6.4 times in December. The value of purchases made on debit cards (excluding cash-out transactions) totalled a record $11.8 billion in December, up 6.9% from a year ago. The number of debit card purchases was up by 11.1%.

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SunTrust Banks to Deploy Fiserv mBanking

SunTrust Banks has deployed the Fiserv “Mobile Money” mfinancial services. SunTrust will implement “Mobile Money” to enable clients to access their accounts using SMS (text messaging) or mobile browser technology, complementing a separate downloadable application that is already available, and to make available a variety of account alerts. “Mobile Money” supports users on all three mobile access modes, offering online and offline enrollment capabilities and integrating with core banking, online banking and electronic payments systems. The mobile banking offering combines banking and payments capabilities and includes functions such as balance inquiries, transaction history, account transfers, bill payments, one and two-way account alerts and ATM/ branch locating. “Mobile Money” secure application uses data encryption, along with additional risk management safeguards and incorporates technology from Atlanta-based M-Com mbanking and payments solutions.

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GiftCards.com Launches Corporate Prepaid MasterCards

GiftCards.com is offering “Print on Demand” production for Prepaid MasterCard cards to its corporate clients. In addition and to compliment the customized prepaid cards, the company is also offering customizable greeting cards for corporate customers to use when giving the product to recipients. The addition of the MasterCard-branded prepaid card product line gives GiftCards.com a significant advantage in the prepaid industry. The “Print on Demand” solution offers card issuers and program managers more flexibility to produce fully customized cards within days with no inventory costs or minimum commitments. GiftCards.com provides gift cards to consumers and corporations to expend as gifts, rewards, or incentives.

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11% of Banks Initiate New Debit Overdraft Program

A new survey from IL based Moebs reveals more than 1800 banks and
credit unions made changes in how they handle overdrafts since Regulation E,
mandatory opt-in for debit card and ATM overdrafts. Of depositories
surveyed, 11.0% started a new overdraft program,
11.4% either increased price, decreased price, began offering or stopped
offering overdraft service while 13.5% opted out of offering overdrafts. Among financial
institutions that changed their practices, 18.4% did so
by decreasing their OD price. These results come from a nationwide
statistical survey of more than
2,000 banks and credit unions conducted in early March 2010. Moebs Services
has been collecting and analyzing primary empirical data about financial
institutions’ services, pricing, operating expenses and financial
conditions.

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RF IDeas Licenses Genuine HID Technology

RF IDeas proximity and contactless badge reader solutions, has entered into a license agreement with HID Global, the trusted source for solutions for the delivery of secure identity, to use HID proximity technology in RF IDeas’ AFP2 platform of card readers. This extends the strong business relationship that RF IDeas has had with HID Global for more than a decade. It allows RF IDeas to manufacture a wide variety of HID Prox and Indala proximity card readers across several industries and markets. RF IDeas pcProx readers are used with more than 300 million cards and nearly all card manufacturers worldwide. RF IDeas plans to expand HID proximity card reader offerings in multiple form factors including USB dongle, PCMCIA readers and more.

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XceedID and RF IDeas Form Technology Partnership

XceedID contactless cards and readers has partnered with RF IDeas desktop contactless reader solutions to offer customers proximity and secure contactless smart card solutions. For both at the door and desktop, the contactless smart card solution provides users hundreds of applications using their proximity and smart card USB, RS-232, Ethernet desktop and embedded readers. When paired with XceedID’s award winning line of multi-technology readers, customers now have access to complete contactless solutions. IL based RF IDeas designs, develops, and manufactures card readers that support nearly every proximity, contactless smart card and magnetic stripe card technology worldwide. Meanwhile, CO based XceedID is highly experienced with contactless technology applications and combines the expertise of industry leading design, engineering, and product/sales development veterans.

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SafetyPay to Showcase at FinovateSpring 2010 Conference

SafetyPay safe Internet payment solution is set to showcase its proprietary product at FinovateSpring 2010 on May 11th in San Francisco. As one of the 36 companies selected among many applicants, SafetyPay will present to more than 400 executives, entrepreneurs and industry experts during this unique and powerful platform. SafetyPay provides an alternative method of payment for online shoppers and specifically targets three core untapped eCommerce markets: shoppers who are afraid to purchase online due to identity theft or fraud, international shoppers who cannot purchase because their credit cards are not accepted, and online banking customers without credit cards who have the financial means to shop online.

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BLS Releases Feb Consumer Price Index

The Bureau of Labor Statistics reported that on a seasonally adjusted basis, the Consumer Price Index for All Urban
Consumers (CPI-U) was unchanged in February, the U.S. Bureau of Labor
Statistics reported today. Over the last 12 months, the index increased
2.1% before seasonal adjustment. The unchanged all items index was the result of a decline in the energy
index being offset by slight increases in the indexes for food and for
all items less food and energy. The food index rose 0.1% in February after increasing 0.2%
in January. The indexes for food away from home and food at home both
rose 0.1%. Over the last 12 months,
the food index declined 0.2%, with the index for food away from
home rising 1.4% but the food at home index falling 1.5%.
After rising 2.8% in January, the energy index declined 0.5% in February, the first decrease since April 2009. The decline
was the result of a decrease in the gasoline index, which fell 1.4%.
The 12-month increase in the index for all items less food and energy now stands at 1.3%, the lowest since
February 2004.

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RBR RESEARCH

The number of ATMs in China reached 208,000 by the end of 2009, having increased by a record 42,000 units. These figures, compared to last year’s 36,000 ATM unit increase, were seen despite the massive slowdown in economic growth throughout the year. This, according to UK-based Retail Banking Research (RBR), makes China the world’s second largest ATM market, having overtaken Japan but still behind the USA. Japan and the USA have been the two largest ATM markets since 1972, thirteen years prior to China even installing its first ATM. Additionally, the density of ATMs to population and branches remains relatively low in China, leaving plenty of scope for yet further growth. Meanwhile, the “co-operative [ATM] deployment model” has grown to account for nearly 10% of the ATMs in the country.

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Modest Growth Projected for Data MGMT

Modest growth for data management technology projects is being projected for 2010. Though the credit crisis led to a decrease in data management technology and operations projects in 2009, the market is poised for growth. This is proven with capital markets firms recruiting technical staff with knowledge of data operations and vendor offerings, and industry efforts to improve operations and governance are progressing. This, according to Aite Research, also shows the main hurdle is convincing a cost-weary executive suite that these projects can truly deliver the business value suggested.

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