PCI CHAIRPERSON

The PCI Security Standards Council announced that Bruce
Rutherford, group head, fraud management solutions, payment system
integrity, MasterCard, has been appointed as the new chairperson of the
PCI Security Standards Council. Rutherford will steer the Council as it
works with industry stakeholders to create and release new standards in
2010. Per the Council’s bylaws, the chairperson is rotated annually among each
of the five payment card brands that make up the Council’s Executive
Committee: American Express, Discover Financial Services, JCB
International, MasterCard Worldwide and Visa Inc.
In his new position, Rutherford succeeds Lib De Veyra, vice president,
emerging technologies at JCB International who held the position during
the Council’s important feedback period within the standards lifecycle.

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MINDSPEED & DESIGNCON

Analog semiconductor supplier Mindspeed Technologies will be featuring a variety of demonstrations at DesignCon 2010.
Mindspeed has scheduled live demonstrations showing both its 6.0
gigabit per second serial attached small computer systems
interface and 5.0 Gbps peripheral component interconnect
Express over a variety of different printed circuit board and
cable media. The PCI Express demonstration features the company’s M21362
eight-channel equalized crosspoint with clock data recovery circuits.
Mindspeed will also be highlighting the capabilities of its Signal
Integrity Consulting Group, which is dedicated to helping customers
solve signal integrity issues. The group has extensive channel-modeling
capabilities that greatly increase the probability of first-time design
success. The services of the Signal Integrity Consulting Group are
offered to all Mindspeed customers and have a proven track record of
helping customers though the challenging move to the next faster data rates.

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Paybefore Awards Awards Payoneer Prepaid Card

The “Payoneer Prepaid MasterCard” has been awarded the BEST BUSINESS/CORPORATE-FUNDED PROGRAM: B2E (Business to Employee) at the fourth annual Paybefore Awards. The most prestigious recognition of excellence in the worldwide prepaid and stored value card industry, the Paybefore Awards are presented by Prepaid Media. Accordingly, Payoneer’s prepaid card solution is an elegant way for companies to pay their constituents much more quickly while lowering administrative costs and turning payments into a branding opportunity. It was selected by a panel of five industry experts who served as judges for this year’s competition. Payoneer provides a fully hosted online payment solution that gives organizations a more efficient method to pay individuals virtually anywhere in the world.

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Custom Credit Sees 30% Increase in 08/09 Gross Revenue

Custom Credit Systems saw an overall increase in its gross revenues for 2009 over 2008.
The gains contribute to the company’s average 30% year-over-year revenue
growth achieved during the last 12 years in spite of a recessionary market.
Custom Credit Systems is a premier provider of integrated, end-to-end,
straight through credit processing and credit maintenance systems, via
its “CustomLender” product suite and other specialty modules.
In 2009, $264 billion U.S. Bank selected CCS’ construction budget
monitoring module to support its commercial real estate lending, and
then one of the nation’s largest commercial banks, $67 billion Bank of
the West, also choose CCS to handle its loan servicing needs in its
syndications business. Additionally, the company expanded its offerings
to regional and community banks, enabling mid-tier financial
institutions to originate and manage any loan – from the simplest small
business loans to the largest commercial loans – in a truly end-to-end
process. WSFS Bank and MB Financial Bank also selected additional CCS
services and products during 2009. CCS also developed a strategic alliances William James&
Associates, a provider of workflow-based solutions for the financial
services industry, and Computer Technology Solutions, Inc. (CTS), a
provider of information technology services. The partnerships enable CCS
to offer CRM systems and quality assurance programs that fully integrate
into its flagship CustomLender application to provide a truly end-to-end
process.

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Blaze Mobile Users Access eWallet 9 Times Daily

Blaze Mobile mobile banking announced users access their digital wallet an average of nine times each day. Additionally, over 50% of the active users are viewing their account balance and receipts. With consistent continued increase in Blaze Wallet downloads over the past year, the active access rate has continued with strong retention and usage rates. With access to over 8,000 financial institutions, Blaze Mobile offers convenience to customers who maintain multiple bank accounts and need access to review bank balances and view transaction history on the go. Blaze Mobile develops innovative mobile commerce and advertising solutions that enable secure, convenient, cost-effective transactions and promotions from the mobile device for bank account compatibility at more than 8,000 supported financial institutions.

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Visa Rolls Out Go World Olympic Ad Campaign

Visa has launched its month long “Go World” campaign initiative within New York City’s Grand Central Terminal, covering the subway corridor with 3D video and static images from the company’s global Olympic-themed advertising. The “Go World” campaign will also utilize YouTube and Facebook to help bring more fans closer to the Vancouver 2010 Olympic and Paralympic Winter Games and Team Visa Vancouver athletes. At YouTube, Visa will introduce a complete redesign and content refresh of the Go World channel with six new commercials while its “Go World” Facebook fan page will offer Olympic fans regular updates and unique glimpses into the lives of Team Visa Vancouver athletes. The GCT advertising will target the estimated 3 million consumers whom pass through Grand Central Terminal’s subway corridor during the 28-day campaign period.

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Cypress Semiconductor Architecture Inks Partnership

Cypress Semiconductor has teamed up with Keil tools division to deliver high-performance compiler options for the PSoC Creator IDE for the PSoC 3 and PSoC 5 programmable system-on-chip architectures. PSoC Creator enables engineers to design the way they think, using schematic-based design capture along with certified, pre-packaged peripherals to keep system creation independent of the target PSoC device. It includes free compilers from ARM; the Keil CA51 Compiler for PSoC 3 and the GNU GCC-ARM Compiler for PSoC 5, both bundled with the PSoC Creator distribution. Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value with programmable system-on-chip families and derivatives such as PowerPSoC solutions for high-voltage and LED lighting applications, “CapSense” touch sensing, “TrueTouch” solutions for touchscreens and is the world leader in USB controllers.

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Target Launches REDcard Zero% TV Promo

Target is prepping for the Super Bowl by offering Target guests who
purchase any 32-inch or larger TV with a REDcard credit account between
January 31 and February 6 to receive zero-percent introductory
financing until September 2010. REDcard guests receive many additional ongoing
benefits including the opportunity to earn certificates for a
10-percent-off shopping day and the option to enroll in the Take Charge
of Education program. Through Take Charge of Education, Target donates
up to 1 percent of guests’ REDcard purchase amounts to the K-12 school
of the guest’s choice. Guests are encouraged to visit
Target.com/REDcards for more information about the many valuable
benefits REDcards offer.

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AIS Launches Tablet PC with Anywhere POS

American Industrial Systems (AIS) has introduced its lightweight 10.4” “Semi-Rugged Touchscreen Tablet PC” utilizing a low power high efficiency 1.6 GHz Intel “Atom Z530” Processor. The screen display features enhanced transflective LED technology with vibrant color and sharp text in all environments for direct outdoor sunlight. Featuring a built-in 802.11 b/g/n WLAN module, Bluetooth V2.0 +EDR, and available 3G and GPS modules for increased range and tracking information, the tablet only weighs 2.6 lbs and has a IP54 rated water/dustproof resistance. It is also multiple 3-foot drop rated, has enhanced shock and vibration protection, and is completely sealed for mobile reporting, logging, and POS ordering in rain, dust, and vehicle use. Additional features of the AIS 10.4” Semi-Rugged Tablet PC include a Low-Reflectance Resistive Touchscreen; Rich I/O Port array for application expansion; Long Battery Life: up to 6 hours Operating;
Hot-Swappable 2nd Battery Option; and is available OS on Windows XP Professional Embedded / Windows XP Embedded.

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U.S. Retail Credit Cards See 1.5% Drop in Chargeoffs

Credit card asset-backed securities (ABS) ratings are expected to remain stable in 2010, with strained performance due to regulatory changes limiting issuers’ ability to employ risk-based pricing strategies in conjunction with 10%+ unemployment. This, according to Fitch, is sure to see a 12% credit card chargeoff level in 2010, subsequently leading to narrowed excess spread and three-month rolling averages to hover between 4% and 5%. The Fitch Prime Credit Card Delinquency Index for January, measuring credit card performance through Dec. 31, declined to a low 4.19%, mostly thanks to Bank of America’s lower early stage delinquencies for the period. The Fitch Prime Credit Card Chargeoff Index for January decreased by 43 bps to 10.25%, mostly thanks to Chase’ 195 bps drop in chargeoffs, while gross yield continued to grow rapidly 94 bps to 21.15%.

RETAIL CARDS ABS
Delinquency Charge-Offs
Jan 09: 5.58% 10.94%
Mar 09: 4.81% 11.05%
Jun 09: 4.88% 12.23%
Sep 09: 5.18% 11.75%
Dec 09: 4.19% 10.25%
Source: FitchRatings

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VeriFone Makes Available Card Encryption Sleeve

VeriFone Holdings announced it is shipping its “PAYware Mobile” secure credit card encryption sleeve for iPhone and the complementary “PAYware Mobile” App is now available on the App Store. Offering small businesses with secure card processing capabilities on the iPhone, “PAYware Mobile” app andcard encryption technology are provided free in conjunction with a low cost “PAYware” gateway services agreement. The card encryption sleeve slips over iPhone to accommodate card swipes and allow merchants to avoid high-cost “card-not-present” fees, complete with a stylus for signature capture and a mini-USB port for charging iPhone while the ergonomic encryption sleeve is attached. Unprotected data never transits or is stored on iPhone itself thanks to end-to-end card data encryption from the moment the card is swiped.

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Thales Provides Authentication for nShield

Thales information systems and communications security has made
available its “payShield” Cardholder Authentication for “nShield
Connect” and “nShield PCI Express”
hardware security modules (HSMs). The “payShield” Cardholder
Authentication for “nShield” authenticates credit card users and
protects encryption key transfers to safeguard credit card information and
assisting with regulatory compliance such as PCI. The “payShield”
Cardholder Authentication for “nShield” is already widely deployed in web-based
applications for MasterCard’s Chip Authentication Program (CAP) and
Visa’s Dynamic Passcode Authentication (DPA) for online banking and
3D-Secure applications such as Verified by Visa and MasterCard
SecureCode for online payments. This supports customers upgrading their
mission-critical environments using Thales “nShield Connect” HSM,
offering dual, hot-swappable power supplies for
enhanced business continuity.

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