Stored Value Card to Provide WWE Card

KY-based Stored Value Solutions will provide World Wrestling Entertainment with gift and promotional cards. The gift cards will be offered on the WWE’s website and will feature several of their most popular superstars. By partnering with SVS, the WWE will offer this gift card program as an additional option to engage their consumers and fans in the WWE experience. Stored Value Solutions provides custom gift card solutions for prepaid cards, loyalty and B2B applications for a diverse set of clients including retailers, airlines, casinos and e-tailers. As a leading provider of magnetic stripe gift cards, Stored Value Solutions serves six of the top ten U.S. retailers and annually processes over 1 billion transactions for 600 clients.

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CPSI to Install EZ Card& Kiosk at Utah Jail

Continental Prison Systems, dba EZ Card & Kiosk, the industry leader for taking city and county jails “cashless” is set to install the EZ Technology line-up of products and services for Davis County, Utah. “Serving” over 600 inmates will be four kiosks with plans for additional kiosks down the road. The EZ Technology line-up hopes to take the Jail “Cashless” using the EZ Fully
Integrated Web Services Platform that automatically populates the Inmate Accounting System when the inmate is first booked into the facility via the EZ Booking kiosk to eliminate user errors and reduce staff time through the entire life-of-the-inmate from booking through their release.

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FSV Payment Systems Appoints CFO & Director

Network branded prepaid card provider FSV Payment Systems has tapped
Stephen Reesing as CFO and Matthew Frye as Chief Commercial Services
Executive. Reesing served for over five years as CFO of Netspend
Corporation, a leading prepaid debit provider. He will be based in FSV’s
Jacksonville, Fla., office. Reesing is replacing Mark Brockelman, of
Jacksonville, who is retiring. Frye, most recently a senior executive
with PreCash, will be based in FSV’s Houston headquarters.

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JPMorgan Reports 4Q/09 Card Revenue of $5.1BB

JPMorgan Chase& Co. reported fourth-quarter 2009 net income of $3.3
billion, compared with net income of $702 million in the fourth quarter
of 2008, with retail Financial Services reporting a net loss of $399
million, compared with net income of $624 million in the prior year, and
a net revenue of $7.7 billion, a decrease of $1.0 billion (12%). The
provision for credit losses was $4.2 billion, an increase of $653
million from the prior year and $241 million from the prior quarter.
Retail Banking reported net income of $1.0 billion, relatively flat
compared with the prior year, with net revenue of $4.5 billion, also
flat compared with the prior year, and the provision for credit losses
was $248 million, compared with $268 million in the prior year. For
Chase Card Services, there was a net loss of $306 million, compared with
a net loss of $371 million in the prior year.

4Q/09 CARD SERVICE RESULTS
($ millions) 4Q09 3Q09 4Q08 $ O/(U) O/(U) % $ O/(U) O/(U) %
Net Revenue $5,148 $5,159 $4,908 ($11) -% $240 5%
Credit Losses 4,239 4,967 3,966 (728) (15) 273 7
Noninterest Expense 1,396 1,306 1,489 90 7 (93) (6)
Net Loss ($306) ($700) ($371) $394 56% $65 18%
SOURCE: CHASE

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Oberthur Technologies Acquires Service Center for EMV Delivery

Oberthur smart card solutions has acquired the payment card personalization assets of Dyetron smart card-based technology solutions for the transportation, communications, government and financial sectors. Having already formed a partnership in June of 2009 to create a service center for Colombian migration to EMV, the two organizations agreed on terms under which Oberthur is to lease the Bogota-based, MasterCard and Visa certified service centers. The service center will operate under the name Oberthur Technologies to provide seamless migration for local banks and easy EMV deployment for international banks with customers. EMV is the global electronic transaction specification that outlines interaction between chip (smart) cards and merchant terminals to ensure worldwide inter-operability to reduce fraud on standard magnetic stripe debit cards.

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Citi Pledges $2 Million to Haiti Recovery Efforts

In response to the devastating earthquake in Haiti Citigroup has pledged a $2 million commitment for immediate relief and recovery efforts, $250,000 of which will go to the American Red Cross for immediate relief while the remainder will be given to local partners for medium- to long-term reconstruction efforts. The bank has partnered with the Pan American Development Foundation (PADF) for the past 20 years to keep pre-deployed supplies in warehouses in Miami which are released in disaster situations across Latin America and the Caribbean. Citi has also opened an appeal fund for employees to donate, provided details of partner organization relief funds for donations and are encouraging employees to help with volunteer efforts in their communities.

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HOME DEPOT & FUJITSU

The Home Depot has transitioned to Fujitsu “U-Scan” self-checkout software in their U.S. and Canadian retail stores. The “U-Scan” application has open integration architecture utilizing a unique Virtual POS to enable retailers to implement business critical POS software changes while avoiding costly and complicated self-checkout re-integration and lengthy testing cycles. The self-checkout software provides retailers an open platform that can run on other self-checkout hardware platforms; offers the flexibility to quickly make changes to their POS system; can be easily customized to give retailers a unique experience; and its messaging framework architecture allows customer’s POS to communicate efficiently and directly with the U-Scan self-checkout software.

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eBillme Expands Executive Team to Build Consumer and Bank Relationships

eBillme online payment enables consumers to pay with cash using online banking and walk-in locations has added Robert MacColl, VP Corporate Development; David Koch, VP Business Development; and Eric Lituchy, Director of Consumer Marketing. With the intention of increasing visibility in the consumer and financial institution sector, Robert MacColl will lead eBillme’s corporate development efforts and play a critical role in strategy development and identifying new market opportunities for the company. David Koch brings expertise from his sales and marketing positions at MasterCard to help eBillme expand its relationships with financial institutions and oversee the recently launched eBillme “Affinity” and Revenue Sharing Program for banks, bill pay, prepaid card providers and walk-in networks. Eric Lituchy brings a unique merchant perspective to the eBillme team as Director of Consumer Marketing and has generated revenue through successful online businesses as an executive leader and business owner over the course of the past 15 years.

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ANDERSON ZAKS & SEATEM

Anderson Zaks independent payment solution provider offering innovative, integrated transaction processing software, is to supply its “RedCard” managed service solution to the Seatem Group. The RedCard system enables customers using Seatem’s theater ticketing system enta to pay for their tickets using a payment card, which is hosted by Anderson Zaks and is fully compliant with the latest PCI DSS requirements. Anderson Zaks “RedCard” system has been proven to be able to handle the volumes required. Anderson Zaks payment solutions supplies integrated transaction processing software to deliver reliable and cost-effective electronic payments to many thousands of merchants.

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INGENICO & PCI-DSS

Ingenico payment solutions and one of the founding members of Secure POS Vendor Alliance (SPVA) have announced its comprehensive strategy to provide secure end-to-end solutions to assist merchants in complying with the PCI Data Security Standards. The strategy addresses the entire payment transaction process including data in flight with advanced technology enhancement at the terminal with no fees; data at rest tokenization with unique data proxy to the POS to eliminate storage of sensitive card data and reducing the PCI footprint for merchants; and architecture with Ingenico’s unique international PCI-DSS payment infrastructure, offering security monitoring, estate management, and value added services to merchants. Benefits Ingenico’s end-to-end secure payment transactions offer retailers include Non-intrusive encryption option; Visa’s best practices compliance; no per terminal or per transaction fees for in flight data encrypting/decrypting; encryption algorithms offered as freeware; customizable implementation; device management; reporting and security monitoring; dedicated team to support customers in implementing and monitoring; and payment network segmentation that reduces the PCI-Compliance footprint.

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Ingenico Introduces PCI-DSS Compliance Solution

Ingenico payment solutions and one of the founding members of Secure POS Vendor Alliance (SPVA) have announced its comprehensive strategy to provide secure end-to-end solutions to assist merchants in complying with the PCI Data Security Standards. The strategy addresses the entire payment transaction process including data in flight with advanced technology enhancement at the terminal with no fees; data at rest tokenization with unique data proxy to the POS to eliminate storage of sensitive card data and reducing the PCI footprint for merchants; and architecture with Ingenico’s unique international PCI-DSS payment infrastructure, offering security monitoring, estate management, and value added services to merchants. Benefits Ingenico’s end-to-end secure payment transactions offer retailers include Non-intrusive encryption option; Visa’s best practices compliance; no per terminal or per transaction fees for in flight data encrypting/decrypting; encryption algorithms offered as freeware; customizable implementation; device management; reporting and security monitoring; dedicated team to support customers in implementing and monitoring; and payment network segmentation that reduces the PCI-Compliance footprint.

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Paypal Now Available Through eCampus.com

PayPal has added eCampus.com Internet textbook retailer and online retailer for used books, textbook rentals, textbooks and a student marketplace. eCampus customers can use PayPal for more than 6 million textbooks, books, and DVDs. PayPal provides a safer, easier way to pay online, allowing eCampus customers to now pay for items through account balances, bank accounts, debit cards, or credit cards without sharing their financial information. Established in 1999, eCampus.com is among the first companies to offer textbook rentals and is focused on offering the newest methods and cheapest prices.

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