MASTERCARD CAP

In response to the number of individual mobile users in Europe projected
to increase to 344 million users by the end of 2014, representing 84% of
the Western European population, MasterCard has launched its solution to
harness the mobile phone as a form factor for its Chip Authentication
Program (CAP). Focusing on enabling consumers to authenticate their
banking and online transactions, the new CAP program offers access
through their own mobile phone. Providing solutions from three industry
vendors it focuses on solutions allowing cardholders to authenticate
themselves using their existing EMV banking card and a personal card
reader while the reader generates a single-use password for e-banking
transactions, e-commerce, telephone authentication or a whole host of
other uses on CNP transactions. Mastercard sees the market very
hospitable to its program, with over half of all bank cards in
circulation now driven by EMV and 80% of POS EMV enabled.

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iPayment Third Quarter Revenues Slip

Nashville-based iPayment posted Q3 revenues decreased to $182.7 million
from $203.7 million for the third quarter of 2008. Revenues, net of interchange, were
$80,741,000 for the third quarter of 2009 compared with $87,466,000 for the third
quarter of 2008. Net income was $3,741,000 for the third quarter of 2009 compared to
$3,729,000 for the same period last year. iPayment, Inc. is a provider of credit and debit card-based payment processing
services to over 140,000 small merchants across the United States.
iPayment’s payment processing services enable merchants to process both traditional
card-present, or “swipe,” transactions, as well as card-not-present
transactions, including transactions over the internet or by mail, fax or telephone.

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Veracity and SecureNet Payment Systems Ink

GA-based Veracity Payment Solutions has signed a multi-year processing alliance with SecureNet Payment Systems.
In addition to the services agreement, Veracity will acquire a portion of
SecureNet’s merchant portfolio of approximately 1,500 retail locations.
Through this alliance Veracity can now offer enhanced Internet processing
solutions such as Electronic Invoicing, “Pinless” Debit and ACH processing. With this
joint alliance, Veracity’s merchant base will double in size to approximately 8,000 merchant
locations nationwide including the state of Hawaii. SecureNet Payment Systems’ flagship services SecureNet Virtual Terminal,
SecurePoS and SecureVault, are used by financial institutions, independent
sales organizations, payment processors, small- and medium-sized businesses as well
as enterprise institutions all over the world.

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VisaNet Opens a New East Coast Processing Center

Visa has opened a new 370,000 square foot processing center in North America on the East Coast. For security reasons the exact location is not being publicized. The new center for VisaNet facility was developed in partnership with IBM, the system, known as “z Transaction Processing Facility” is a 64-bit operating system that allows more information to be manipulated at once and perform more complex processing functions in milliseconds. Instant fail-over technology between Visa data centers around the globe ensures the 5-nine level of uninterrupted service that cardholders, merchants, governments and financial institutions have come to expect from Visa. With more than 140,000 square feet of raised floor space, the center houses some of the payments industry’s most advanced payment processing services and is capable of handling more than 10,000 transaction messages per second. In October, as part of its semiannual software update, Visa completed the upgrade of its global payment platform, as well as introducing a number of advanced processing capabilities. For this latest update, Visa programmers, engineers and testers have invested more than 85,000 labor hours to create and incorporate upgrades to VisaNet. That includes the addition of several new currencies to the 175 for which Visa already processes transactions. Last week, Brazilian credit-card services provider VisaNet announced it will change its brand name to Cielo after Visa insistence, according to CardFlash International.

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VISANET/CIELO

VisaNet Brazilian credit-card services provider has announced it will be
changing its brand name to Cielo. Cielo, meaning sky, emphasizes the
Company’s scope of its actions and extension of its network, consisting
of 1.6 million affiliated merchants, covering 97.5% of Brazil. Visanet
is majority-controlled by Brazilian banks Banco Bradesco SA (BBD), Banco
do Brasil SA (BBAS3.BR) and Banco Santander SA (STD). In 3Q/09, VisaNet
posted a transaction Financial Volume rise of 21.3% Y/Y to R$ 54.2
billion; Net Operating Revenue grew 28.0% to R$924.4 million Y/Y;
Adjusted EBITDA of R$626.6 million, 37.9% up on 3Q08 and up 7.9% when
compared to 2Q/09(Cardflash International 10/29/2009).

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Hypercom Unveils a New Contactless Reader

Hypercom rolled-out its new contactless reader for payment and value-added transactions such as gift/loyalty, prepaid, ticketing and access control. The “R3210” features a clip-on, countertop or wall-mount design and plug and play setup that allows merchants using Hypercom’s “Optimum” terminals to upgrade their current device to accept mobile payments and other contactless transactions. The “R3210” contactless capability for stand-alone terminals or integrated payment solutions at quick service restaurants, convenience stores, pharmacies, gas stations and newspaper kiosks, as well as sports venues and public transit environments. The “R3210” is powered by a high speed 32-bit RISC-based processor and incorporates Hypercom’s TMS remote software management for unmatched reliability and ease of use. The unit features optional features such as a high contrast backlit display, and dual RS-232 port for extended connectivity.

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Dogster and Catster Offer Debit Cards

CA-based web publisher Dogster is now offering affinity debit cards via Tempo’s Web-based debit card platform
that members can personalize with a photo of their pet via Tempo’s Web-based debit card platform.
Dogster and Catster debit cardholders will receive
cash-back rewards for every signature-based purchase, with rewards
automatically deposited into cardholder accounts on a monthly basis.
Tempo technology makes it easy for organizations to offer affinity debit
cards and provides a web portal for consumers to apply for and activate
cards, as well as track purchases and rewards.Cardholders can use their Dogster and Catster branded debit cards
anywhere Debit MasterCard cards are accepted and also enjoy cash-back
and ATM withdrawal access to their existing checking accounts. The cards
are issued by Tempo partner First Bank & Trust of Brookings, SD, part of
Fishback Financial Corporation. Dogster and Catster are the fastest growing pet owner destination sites
on the Internet, providing information and entertainment to dog lovers
and cat lovers. CA-based Tempo manages all aspects of card issuance, including risk management,
application processing, card fulfillment, authorization and settlement.

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VERIFYSMART

With identity theft and credit card fraud costing US$50 million a
day(US$18.25 billion per annum) and CAD$8 million per day ($2.9 billion
per annum) in the US and Canada, respectively, this is considered the
fastest growing crime Y/Y. In response VerifySmart fraud free credit and
debit payment processing services has received a Solutions Request from
the “UK Bank” to encompass all aspects of global operations, including
the potential introduction of a fraud-free co-branded debit/credit/money
transfer card. With operations in 57 countries, the UK Bank is a major
credit and debit card issuer and provides financial services to a vast
range of individual, enterprise, multinational, investment banking and
asset management clients globally. VerifySmart executives and developers
are working together with the UK Bank’s security and card services
divisions to better understand the intricacies of its business and how
best to propose integration of all VerifySmart core technologies.

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North American Bancard Hires Sales Mgr

MI-based payment solutions provider North American Bancard has hired Marty Wood, previously with
Fast Transact, First Horizon Merchant Sales and Century Payments as a National Sales Manager.
Wood has an 18-year track record of working with Sales Teams and ISOs at
companies including PMT. INC., Fast Transact, Inc., First Horizon Merchant Sales
and Century Payments, LLC. His knack for successfully developing new sales channels
was a key reason for his hiring. North American Bancard provides merchant account
acquisition service and support, and deploys its payments products, services and
acceptance strategies to more than 100,000 clients who process more than
$7 billion in credit card, debit card, EBT, check guarantee and conversion,
prepaid/gift and ATM transactions annually.

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