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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Card Penalty Fees Up Nearly $3BB in 2009 Y/Y

Penalty fees in 2009 grew to $22.9 Billion, up from 19.0 Billion in 2008, breaking the trend over the past several years of an annual increase of about $1 Billion. With an increase of nearly four times that past run rate, this is most thanks to an anemic economy and near jobless recovery having altered card debt repayment patterns coupled with the amount of the average late fee having risen $10 to as high as $39. This, according to the R.K. Hammer model, published each January together with other card industry metrics and recent trends and developments, shows there has been a steady annual progression of credit card penalty fees paid by consumers. Also to blame for the higher penalty fee income throughout 2009 is late fees expected to rise to as high as $49 per delinquent event in the coming year or two; regulatory pressure on interest rates and the ability to raise rates under fire by new rules; card fee income growing in importance; an average of 9 cardholder fees and costs found in cardholder fee disclosures; and the fact late fees contribute 86% to the Penalty Fee income segment, with only 14% coming principally from over limit fees.

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Trycera Launches Prepaid Card Program

Prepaid card program provider Trycera Financial has launched a new
branded prepaid card program that features non-traditional payment
reporting.
These payments include but are not
limited to rent, household utilities, cable, phone, insurance, etc., and
are categorized as ‘nontraditional’ or previously unreported payments.
By reporting each payment, reporting agencies are able to better
generate a risk score for consumers who have ‘thin’ credit or no credit
at all. In addition to the rollout of the branded prepaid card program,
Trycera
has commenced marketing, via the company website, a
suite of financial services designed to help consumers improve their
credit profile by reporting nontraditional and recurring payments to
national credit reporting agencies.

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ClearPoint Credit Counseling Offers Card Clarity

ClearPoint Credit Counseling Solutions is providing accessible information about the consumer
protections outlined under the “Credit CARD Act
of 2009.” Creditors must print a number on monthly credit card statements
directing users how to access legitimate credit counseling from at least
three Federally-approved agencies, like ClearPoint Credit Counseling
Solutions. Credit counselors at ClearPoint stress that consumers need to understand
the basics to help them avoid racking up debt. ClearPoint Credit Counseling Solutions (CCCS) is a member of the
National Foundation for Credit Counseling (NFCC) and a system-wide
accredited business with the Council of Better Business Bureaus.

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MSI Reports Overall Increase in Credit Card Processing

NJ-based MSI Merchant Services merchant acquirer has reported a 16% increase in total bankcard processing with an 18% increase in both Visa/MasterCard transactions, for subsequent positive revenue growth. MSI continues to demonstrate significant growth in its number of merchant accounts, servicing over 75,000 merchants nationwide. Its annual number of sales representatives, reportedly also witnessed substantial growth, making MSI most sought after by ISO’s in 2009, which posted 37 million dollars in paid residuals to its ISO’s, despite a sluggish national economic growth. Founded in 1989, MSI as a nationwide leader in the payment processing industry has an established BIN relationship with the First National Bank of Omaha.

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ID verification provider Intellicheck Mobilisa to Pilot IDCheck FastForm

ID verification provider Intellicheck Mobilisa has signed with a leading
provider of loyalty and marketing solutions
an agreement to pilot the “IDCheck FastForm.” The agreement allows for
the integration of Intellicheck Mobilisa’s
“IDCheck FastForm” technology into retail clients’ points of sale systems.
This technology automates the credit card application process by using
the same scanner that reads the merchandise prices at the checkout
station. The “IDCheck FastForm” technology scans the bar code or magnetic
strip on the back of a driver’s license and uses the data to
automatically fill in the information on a digital form. The entire
scanning process takes about 1 second. Intellicheck Mobilisa maintains
the patent for the ability to process this data accurately for all 50
states and Canada.

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