Bank of the West Launches Money Saving Checking Account

Bank of the West has launched its “Choice ATM Checking” account offering to allow debit cardholders to withdraw cash from any financial institution’s ATM free of charge for the first year. Ranked “Highest in Customer Satisfaction among Retail Banks in the West Two Years in a Row” by J.D. Power and Associates in 2008 and 2009, Bank of the West made available the “Choice ATM Checking” account to refund surcharges assessed by other financial institutions for one full year; is set to eliminate fees on overdrafts of $5 or less; and charging no more than four overdraft fees per day. The new solution is available to consumers in California, Colorado, Nevada and Oregon and in Minneapolis, Minnesota.

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TSYS Reports 2009 Revenues of $1.7MM

TSYS posted total revenues for 2009 of $1,734.9 million, an increase of 0.8%, and total revenues for 4Q/09 of $430.9 million, a decrease of 0.4% as compared to last year. On a reported basis,
total revenues declined 2.0% for the year to $1,688.1 million while total revenues increased 0.5% for the quarter to $434.8 million. TSYS outsourced payment services with issuer- and acquirer-processing technologies support consumer-finance, credit, debit, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions.

TSYS REVENUE
3Q/08: $500 million
4Q/08: $439 million
1Q/09: $409 million
2Q/09: $412 million
3Q/09: $432 million
4Q/09: $431 million
Source: CardData (www.carddata.com)

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Chicago Sporting Teams Deploy Radiant POS Solution

Radiant Systems has deployed its Quest Venue Management POS solution at the United Center in Chicago, home of the Chicago Bulls and Blackhawks as well as host to more than 200 entertainment events each year. United ensures Radiant POS technology is aligned with its goal of providing service to the millions of guests who attend the arena’s events after evaluating all POS technology available in the marketplace. Radiant’s “Quest” solution, developed specifically for the stadiums and arenas industry, was chosen for its reliability along with the responsiveness and commitment of the Radiant team.

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Level 3 Awarded ATLANTIC-ACM Best in Class

Level 3 Communications has received the “ATLANTIC-ACM 2010 Global
Wholesale Best in Class Award for Data Value.”The award is based on the ATLANTIC-ACM 2010
Global Wholesale Report Card
study, which compiles customer feedback via online surveys. Customers
evaluate each carrier that they work with in a number of operational
categories, and also rate voice and data products for both quality and
price. The Data Value award is based on the combined average score for
quality and price across all data products. Level 3 was recognized for a
broad portfolio of data transit and transport services, including:
IP Transit, IP WAN, High Capacity Transport, Low Capacity Transport and
Ethernet Transport. The award recognizes Level 3’s leadership in delivering data network
services to meet the wholesale communications needs of global carriers.
Level 3 was one of two companies to receive the award for data value in
2010.

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Credit Card ABS Strong Regardless of Safeguards

Credit card ABS ratings performance would have been quite stable even without various safeguards implemented by bank issuers to ward off downgrades in response to the economic slowdown. Card issuers such as Bank of America (BofA), Chase and Citibank, for example, chose to mitigate credit declines by implementing discount options and additional subordinate tranches to strengthen credit enhancement on existing credit card ABS. Fitch Ratings is projecting both chargeoffs and defaults to continue testing record highs throughout this year as unemployment continues to rise, but ratings on senior credit card ABS tranches to remain stable and could absorb chargeoff rates of 30%-45%.

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Coinstar Appoints New Chief Financial Officer

Coinstar has appointed J. Scott Di Valerio CFO effective March 2, 2010. Having joined the company January 19, Di Valerio will work with the CEO throughout the transitional period. He has over 25 years finance, operations and management experience, most recently as President of the Americas for the Lenovo Group computers and senior positions at Microsoft as VP, Finance and Administration and chief accounting officer. Prior to this, J. Scott served as corporate VP corporate controllership at The Walt Disney Company, CFO of Mindwave Software and as a partner at PricewaterhouseCoopers. He is a CPA and holds a Ba in business administration from the University of San Diego.

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Invenstar to Intro POS Management Solution

Invenstar of the Professional Beauty Association plans to demonstrate “TouchSuite” Salon all-in-one touch screen salon management POS system, at ISSE 2010, the International Salon & Spa Expo, held at the Long Beach Convention Center, Jan 30-Feb 1, booth #314. “TouchSuite” Salon offers business solutions and comes complete with hardware and “TouchSuite Salon” POS software already installed and ready to use. Invenstar is a developer of patent-pending products for small businesses with a focus on innovating financial technology solutions that simplify business management for small/medium sized businesses through easy-to-use features and advanced merchant services.

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Thales Partners with Voltage Data Protection

Information system provider Thales has partnered with data protection provider Voltage
Security centered around delivering End-to-End Encryption and key management solutions.
The Thales and Voltage technology integration allows customers to apply
hardened data protection measures at virtually any point along the data
path to help achieve the goal of end-to-end protection. By helping to
reduce the time and complexity of deploying data protection and by
significantly limiting the scope of security audits, the burden of
demonstrating regulatory and internal compliance is dramatically
reduced. The technology integration builds on “Voltage SecureData” to
protect data without having to make expensive changes to the point of
sales (POS) infrastructure, database and business applications. The
encryption and key management process is protected by Thales nShield
Connect hardware security modules – part of the nCipher product line –
to ensure the security and integrity of the overall solution. Beyond
initial deployment, Voltage and Thales encryption and key management
solutions further simplify the ongoing management and operation for
customers.

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Dynamic to Issue Glacier Instant Issue Visa

Glacier Bancorp plans
to begin rolling out DCS’ “CardWizard” software and” FCP 20/20″ unembossed
card printers to two of its banks — Mountain West Bank, which has 24
branches; and Glacier Bank, with 15 branches. Utilizing DCS’ technology,
Mountain West Bank and Glacier Bank will now
be able to offer new customers who open a checking account as well as
existing customers who need a replacement debit card, the ability to
simply walk into the branch and receive an unembossed personalized Visa
debit card in a matter of minutes that can be immediately used when they
leave the branch. By issuing unembossed Visa debit cards, Mountain West
and Glacier Bank
will have the ability to offer a gallery of images that cardholders can
personally select for their card background. Once the background is
selected, DCS’ CardWizard software transfers all personalization data
fully encrypted to the FCP 20/20 printer which quickly and securely
prints in high-definition color onto both sides of white blank card
stock the personalized unembossed card.

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AmEx OPEN & Lowe’s Launch New Small Business Credit Card

American Express OPEN small business payment card products and Lowe’s home improvement have launched the “Lowe’s Business Rewards Card” from American Express, targeting business owners. A business credit card that enables business owners to earn points on virtually all card purchases the “Lowe’s Business Rewards Card” from American Express is the first rewards program offered to Lowe’s small business credit customers. With it, cardmembers can now earn one reward point for every eligible dollar spent on the Card; Double rewards points on every eligible dollar spent at Lowe’s; and Triple rewards points on every eligible dollar spent on restaurant purchases, office supplies and wireless bills, with no reward cap. Additional benefits include no annual fee; automatic enrollment in OPEN “Savings1,” giving small business owners automatic savings every time they use an American Express Business Card; and retail and business-related benefits and protections.

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Visa Extends Support of Paralympic Games Through 2012

Visa has renewed its partnership with the International Paralympic
Committee (IPC) through 2012 for sponsorship in the 2010 Vancouver
Paralympic Winter Games and the 2012 London Paralympic Games. In doing
so, Visa retains exclusive marketing and promotional rights within the
Payment Services category and activation opportunities for financial
institution clients and merchants throughout the world. This follows the
extension of Visa’s Olympic Games sponsorship through 2020, allowing
financial institution clients and merchant partners to build strong
relationships with their customers through marketing programs. As the
sponsor of four Paralympic Games since 2002, Visa remains the official
payment service and only card accepted at all Paralympic Games venues to
purchase Paralympic tickets, official Games merchandise, or food and
beverages in venues. In addition, Team Visa provides long-term support
to Paralympic and Olympic hopefuls as they prepare for one of the
greatest challenges of their lives: competing at the Paralympic and
Olympic Games. The International Paralympic Committee is the global
governing body of the Paralympic Movement and organizes the Summer and
Winter Paralympic Games, serving as the International Federation for
nine sports.

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Trustwave to Provide PCI DSS to Mid East

Data security provider Trustwave has been selected by
MasterCard issuer Middle East Payment Services to provide
Payment Card Industry Data Security Standard (PCI DSS) compliance
validation services. To validate compliance with the PCI DSS, Middle East Payment Services
will have to demonstrate compliance with 12 security requirements by
thoroughly reviewing its IT environment and information security
policies and procedures. Middle East Payment Services has enrolled in
Trustwave’s on-demand compliance management solution “TrustKeeper” to
access the necessary automated tools to support on-going compliance such
as quarterly network vulnerability scans. Trustwave will also remediate
any vulnerabilities to help ensure secure transactions for all the
customers using their payment gateway. Trustwave is the leading provider of on-demand data
security and payment card industry compliance management solutions to
businesses and organizations throughout the world.

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