FAST 50

INSIDE Contactless open-standard contactless chip technologies has been
recognized in the 2009 Deloitte Technology “Fast 50” award program.
Having won the Semiconductor, Electronic and Components category, INSIDE
Contactless beat out 287 competing companies. The “Fast 50” award honors
the most dynamic French technology companies, based on the percentage of
revenue growth over five years. This years’ Award focused on
organizations with technologies that help create new solutions and
business models and was themed on “Disruptive Technology—Build Another
Future”. Deloitte representatives verify all registered companies for
the ranking by comparing their revenues as disclosed in their financial
statements, which are provided by applicant companies. The award
establishes a national ranking of 50 technology companies with the
strongest revenue growth, which subsequently gain industry and media
awareness, new contacts with renowned investors, and national and
European benchmarking.

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EMV MIGRATION

With 100% anticipating their credit and debit card portfolios fully
migrated to EMV/chip within one to five years, reducing payments fraud
is the top driver for issuers and acquirers to adopt EMV/chip in Brazil
and Mexico, while they are also driven to position themselves as
innovators and technology leaders. This, according to the Smart Card
Alliance Latin America (SCALA), Visa and First Annapolis Consulting, was
based on research conducted with 13 issuers/acquirers in Mexico and
Brazil and is disclosed in the report, “EMV Migration Study and Market
Analysis on Mexico and Brazil.” To gage issuers’ and acquirers’
perspective on the current state of EMV migration and the long-term
growth of the EMV market, the report addressed such questions as; “What
were the key factors influencing the adoption of EMV/chip cards; What
challenges were encountered during the EMV/chip migration process?; How
are organizations leveraging EMV/chip technology to improve performance;
What is the “next wave” in the evolution of the EMV market?; What is the
business impact of EMV/chip adoption for issuers and acquirers?; and
What is the EMV/chip market size in Mexico and Brazil through 2015?

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HRKS

Hypercom Corporation High security electronic transaction solutions has
been awarded the Sesame Award at Cartes 2009 for its “HyperSafe Remote
Key System” (HRKS). The Remote Key System is the industry’s first
standards-based remote key injection product that allows retailers to
quickly and securely initiate on-site, in-store payment terminal key
injection at the point-of-sale. Offering a fast and highly secure
alternative to the industry’s traditional secure room key injection
process, HRKS eliminates the need for off-site secure room key injection
by incorporating Public Key Infrastructure to securely distribute
symmetric 3DES keys. HRKS meets ANSI x9.24 and Visa PIN Security
Guidelines for remote key management, and is FIPS 140-2 Level 3 and X509
compliant.

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U.S. Bank to Offer Visa Mobile

U.S. Bank and Visa have teamed to offer “Visa Mobile” to select U.S. Bank debit card
holders. The “Visa Mobile” application, which made its debut in the fall of 2008,
has been enhanced for the launch with U.S. Bank, providing account
holders with even greater functionality, more information about their
Visa accounts, and greater choice in the type of merchant offers they
can take advantage of which include alerts. Visa account holders are able to choose from an expanded
list of preferences for when they would like to be notified of account
activity. Those preferences include transaction amount, international
transactions, gasoline purchases, declined transactions and card not
present transactions such as ecommerce purchases. Cardholders are
notified in near-real time of account activity, typically within seconds
of completing a purchase. Account holders can choose from an expanded list of
merchant categories they would like to receive offers from, including
electronics, convenience stores, entertainment, flowers and gifts, gas
stations, travel, health and beauty. A number of merchants are already
making offers available to Visa Mobile users such as Club TeeTime,
FragranceNet.com, Omaha Steaks, Papa John’s Pizza, and Planet Hollywood.
Visa Mobile users can located participating merchants to redeem
offers or filtering down to find near-by U.S. Bank ATMs is aided through
the use of location-based services. Merchant offers can be embedded with
a link to Google Maps™ and directions to the nearest retail location
where Visa account holders can redeem that offer.

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INGENICO & AVILT

Ingenico payment solutions has partnered with AviIT specialist IT-based
aviation solutions and OnAir in-flight communications to develop
automated in-flight solutions for authenticated, secure payment
transactions in real-time. Using commercial satellite communications
links, the Ingenico “iPA280” Payment PDA offers a secure EMV payment
platform with POS function on the Windows CE platform. To combat the
US$1.4 billion in airline payment card fraud annually, the “iPA280”
online transaction authentication hopes to change how offline payment
methods are conducted industry-wide, utilizing solutions for maximum
additional revenue and reduced settlement time.

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GEMALTO DEVELOPMENT

Gemalto digital security has announced its Development Plan for 2010 to
2013 to expand profit by more than 50% from operations to EUR300
million. In doing so, the Company plans to initiate a dividend
distribution to complement its existing share buy-back program and
propose a dividend of between EUR0.20 and EUR0.25 related to fiscal year
2009 at the next annual general meeting of shareholders in May 2010.
Highlights of the development plan include; expanded profit in each
business segment (Mobile Communication, Secure Transactions and
Security) from operations; generating strong levels of operating cash
flows for re-investment to fuel organic growth, fund bolt-on
acquisitions and shareholders return; and to further increase its return
on capital employed (ROCE) ratio.

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RAIFFEISEN & HYPERCOM

Raiffeisen International Bank-Holding AG is to deploy 30,000 of
Hypercom’s high security Optimum card payment terminals and PIN entry
devices to thousands of merchants in 15 Eastern European countries, in
conjunction with having purchased Hypercom’s Network Access Controllers
(NACs), optimizing transaction delivery to the bank host. The Hypercom
“Optimum T4200/M4200″ product family consists of 13 powerful, 32-bit,
multi-application devices on the same platform, user interface and
software toolkit to maximize efficiency, application portability and
offer customers a broad range of communication options to meet the needs
of diverse market segments. Meanwhile, the Hypercom” MegaNAC 180 POS”
concentrator supports a wide range of protocols, including TCP/IP, X.25
and Frame Relay to form high performance intelligent networks for fast
POS transactions, efficient software downloads and batch uploads.

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Debit Card Overdraft Opt-In Solution Introduced

Multi-channel communication provider SoundBite Communications has
introduced the “Debit Card Overdraft Opt-In” solution as part of its
Proactive Marketing Solutions Suite. “Debit Card Overdraft Opt-In”
solution can proactively reach consumers through any combination of
automated voice, text, and email messaging. Attempts to reach a consumer
can escalate from one channel to another – such as from an email to a
voice message to a text message – in order to increase reach-ability and
response rates. Additionally, once a consumer has provided affirmative
consent, the “Debit Card Overdraft Opt-In” solution can automatically
send the consumer an email confirmation, along with information
describing the consumer’s right to revoke notification. This solution
enables financial institutions to achieve rapid compliance with a new
rule announced on November 12th by the Federal Reserve Board prohibiting
financial institutions from charging any consumer a fee for debit card
overdraft services unless the consumer has consented, or opted in, to
the overdraft services. With overdraft services, an institution charges
a fee for processing transactions when a customer’s account is overdrawn
rather than denying the transaction. The new rule becomes effective on
July 1, 2010, giving banks less than eight months to secure consumer
opt-in for more than 479 million debit cards.

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MOPAY

With 3.1 billion people worldwide having access to buying digital goods
on the web through their mobile phone, “mopay” incorporates a wide
variety of country specific protocols and regulations of approximately
290 mobile network operators in more than 60 countries into a uniform
web widget giving mopay the number one position world-wide in terms of
country coverage. “mopay” from MindMatics also accepts micropayments
from customers’ mobile phone bills instantly via a simple internet
payment window which every portal provider can integrate into its
website. It serves as a payment alternative to the younger crowd for
membership fees for online communities, fee based access to songs or
videos or online game “virtual items.” Users aren’t required to enter
names, credit card information, account numbers or addresses; they need
to select the “mopay” icon when purchasing on the web, enter their one
time password and follow the prompts.

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CONSUMER DEBT

In the UK, closure of 1 in 5 consumer accounts was due to non-payment, with
Yorkshire residents exceeding the national average by 13%. Among
Yorkshire consumers, 35% of their accounts were closed by the provider
because of repayment failure. Those living in North East and East Anglia
are the best at repaying, each with only 8% of residents’ accounts
closed for not meeting monthly payments. This, according to
Confused.com, concluded the Yorkshire residents were most likely to
struggle when it comes to credit card payments, followed by residents of
South East, 33% of whom struggle to payoff debt. Confused.com price
comparison services was launched in 2002 and now generates over one
million quotes per month.

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SPEND. WIN. SORT.

Egg Money World MasterCard customers are now allowed 1% cash back on all
their spending with a chance to win GBP50 on purchases, big or small
through the “Spend. Win. Sort.” promotion. Spend using the Egg Money
credit card before January 31, 2010 and if the last four digits of the
Egg Money credit card number match exactly the last four digits of the
authorization code shown on a receipt from a transaction with that card,
the cardholder could win GBP50. There will be up to 250 prizes of GBP50
each month and lucky winners will be sent a text message or an email
informing them that they have won and their account will be credited
with £50. Managing money online and keeping track of everyday spending
is also made easier with the Egg spend analyzer with spending grouped
by categories such as travel or going out.

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AmEx Launches Business Insights

American Express has launched “Business Insights”, a new analytics and consulting
organization to help business customers develop better-informed strategies.
“Business Insights” combines aggregate trend analysis to provide unique business planning and
marketing expertise and will identify strategic
opportunities drawn from the aggregate spending patterns on
approximately 90 million cards in force across 127 markets. It will work
with business clients to provide data-driven insights focused on
specific customer segments that will help them to develop customized
marketing and growth strategies. “Business Insights” will be housed within the American Express Global
Merchant Services unit. In keeping with American Express’ privacy
principles, all data analysis is done only on an aggregate level and
does not disclose any personally identifiable information to merchants
or partners for marketing purposes. In addition to
large-scale, global consulting projects, Business Insights also offers a
suite of quarterly benchmarking reports that provide spending trend
analysis among various customer segments, vertical industry trends, and
specific merchants’ market share and customer mix.

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