PAYMENT SECURITY

Merchants processing chip card transactions are experiencing fewer
chargebacks than ever before thanks to increased security and fraud
detection. Merchants who processed more than 40% of total transactions
using chip technology experience on average up to four times fewer
chargebacks than those who processed less than 40% of total transactions
using chip technology. Retailers reported 2.9 times fewer chargebacks
while restaurants reported 1.8 times fewer chargebacks, supporting chip
card acceptance using pay-at-table technology. The data, made available
through Moneris Solutions payment processor, was compiled with data from
21,000 merchants with 40 to 95% of transactions processed through chip
technology and revealed one-third of overall transaction volume is
currently processed using chip cards.

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Michaels to Carry Blackhawk Network Cards

Arts and crafts retailer Michaels and partner Blackhawk Network has launched the “Gift Card Mall” in over 900 U.S. stores. Michaels will now carry Blackhawk’s signature Gift Card Mall, featuring more than 100 of the best branded gift cards across a number of different categories including fashion, tickets, electronics, home and sports. Currently reaching more than 165 million consumers a week, Gift Card Mall is available through an exclusive retail network of leading grocery, mass, convenience, drug and specialty stores. Michaels is the only arts and crafts specialty retailer to offer the convenience and selection of “Gift Card Mall” to its customers. Brands include: iTunes, Cracker Barrel Old Country Store®, Macy’s, Gap, The Home Depot®, AMC Entertainment®, Sears, Foot Locker®, Visa® and Barnes & Noble Booksellers. Blackhawk Network is a subsidiary of Safeway.

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LML 3Q/09

LML Payment Systems, payments technology provider of financial payment
processing solutions for e-commerce and traditional businesses, has
reported its 2Q/09 and 1H/09 revenue of $3,252,000 and $6,487,000,
respectively. For the 2Q/09, LML saw an increase of 5% over the
$3,087,000 in revenue seen in the year ago period while cash used in
operating activities was ($13,000) compared to cash used in operating
activities of ($578,000) last year. During the quarter, the LML
Transaction Payment Processing segment revenue increased CAD18.5%.
Revenue for the 1H/09 was up 4% Y/Y from $6,264,000 while the LML
Transaction Payment Processing segment revenue increased CAD23.2%. LML
Payment Systems provides financial payment processing solutions for
e-commerce and traditional businesses with credit card processing,
online debit, electronic funds transfer, automated clearinghouse payment
processing and authentication services. For complete details on LML’s latest results visit CardData (www.carddata.com).

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Merchants’ Choice and Silverton Bank Team

Merchants’ Choice Payment Solutions has acquired the portfolio of agent bank relationships from GA-based Silverton Bank. The acquisition brings Silverton’s agent banks and merchant customers into an existing network that delivers premium payment processing behind the scenes while banks retain their business banking relationships. The move adds several hundred banking institutions and several thousand merchants to the MCPS agent bank program. MCPS offers a wide array of credit, debit, check, and other payment services across multiple industries. Paur added that the acquisition of the Silverton portfolio represents the first of a number of initiatives to expand the MCPS agent bank and merchant bank program. MCPS serves over 41,000 merchant partners, processing more than $3.4 billion in annual credit card volume.

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TransUnion Intros Express Portfolio Review

TransUnion has released its newly enhanced “Express Portfolio Review” solution, offering users a choice of 17 scores and more than 200 credit attributes. Capacity for the application has been increased to 300,000 records per job while continuing to return results within 48 hours, providing businesses more information to improve risk management. “Express Portfolio Review” is easily accessed via the Web-based TransUnion Direct platform, through which customers may choose from 17 scores, including three TransUnion “Risk Scores”, “VantageScore”, six “FICO” scores, five TransUnion “Collection Recovery Models” and TransUnion “Income Estimator” and “Debt-to-Income Estimator.”

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TNB Signs Town and Country CU for Processing

TNB Card Services has signed a processing agreement with ND-based Town and Country Credit Union’s $4.5 million card portfolio.
The $210 million credit union is the third largest in North Dakota. The agreement includes TNB’s innovative “VIP CardStation” and
“VIP Portfolio Pro”, part of its “VIP Solutions” portfolio management tools. With these capabilities, Town & Country CU will be able to internally manage daily monetary adjustments, including fees, balance transfers, and routine cardholder account updates. Management will also have access to reports related to settlement, collections, and delinquencies; this will enable them to better evaluate card performance, identify revenue opportunities, and spot portfolio trends. TNB will also take over the management of Town & Country CU’s back office cardholder operations, allowing the credit union to offer 24/7 cardholder support. TNB will also work with Town & Country to develop strategic promotions, as well as offer “Rewards2U” for its Platinum cardholders, to drive increased usage and acquire new cardholders.

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S1 Corporation Consolidates its Brand

Payment software provider S1 Corporation has consolidated Postilion, S1 Enterprise and FSB Solutions under a single brand called S1. S1 has consolidated the websites supporting the three brands into a single website (www.s1.com) and has adopted a single logo and established a supporting corporate identity for its single brand.
S1 Corporation supports 3,000 organizations worldwide with payments, online banking, mobile banking, voice banking, branch banking and lending solutions.

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Bass Pro Shops Offers wGiftCard Technology

CA-based Transaction Wireless has signed outdoor sport retailer Bass Pro Shops for a comprehensive mobile gift card program using TW’s patent pending wGiftCard technology. Under this agreement, Transaction Wireless will work with Bass Pro Shops to extend its gift card program to the mobile phone, creating a mobile experience for Bass Pro Shops customers, including point of sale redemption, personalization, balance checks as well as an innovative one-to-one marketing campaign, launching in 2010. The “wGiftCard” platform provides a simple, easy solution for gift card activations, balance inquiries, gifting among consumers, replacing stolen or lost cards, redemption, reloading cards, storing, tracking and monitoring. Transaction Wireless’ wGIFT suite includes solutions for gift cards, calling cards, coupons, loyalty programs, merchandise returns, notification/reminders, and targeted promotions, among others. In addition to point of sale redemption, the wGiftCard technology solution will allow Bass Pro Shops customers to personalize their gift card giving experience with customized mobile and email messaging. Short code balance checks provide convenience to the consumer while creating targeted marketing and promotional programs for Bass Pro Shops.

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GGP Malls to Offer a Gift Card Giveaway

Shopping center developer and owner General Growth Properties has launched its holiday program, “MerryGiving” featuring a Gift Card Giveaway at more than 160 malls. Participating GGP malls will promote an exclusive offer available to GGP shoppers who are members of The Club. The November 14th promotion includes $10 “GGP Gift Card” giveaways, while supplies last and special limited time retailer offers. Shoppers can also earn a $10 GGP Gift Card, while supplies last, by spending $100 or more at participating malls during the exclusive “After Thanksgiving Promotion” on Friday & Saturday, Nov. 27 & 28.

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CSI Fleet Fuel Card Gains Traction

CSI Enterprises’ “Fleet Fuel Card” has been launched for acceptance at almost all fuel locations across the United States, Mexico, Canada and the Caribbean. Using sources to bring that information to their
cardholders, including Smart Buy and CSI Gas Prices, CSI locates the best online low fuel price and offers universal acceptance. Additionally, CSI “Fleet Fuel Card Cards” can be assigned to either a driver or a vehicle; are limited to purchasing fuel only or fuel and automotive maintenance; may be limited by number of transactions per day; time of day or week and/or dollar amounts by day, week or month; can be monitored and tracked; and analyzed using online reporting. All of these controls are manageable by the customer online in real time.

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Cardinal Awarded Card Authentication Patent

OH-based CardinalCommerce has been granted a US patent for “Dynamic Number Authentication for Credit/Debit Cards”. At present, Cardinal’s intellectual property portfolio includes three US and three European patents, as well as other issued and pending patents. Cardinal Centinel enables payment brands such as Verified by Visa, MasterCard SecureCode, Amazon Payments, Bill Me Later, ClickandBuy, Cred-Ex, Ebates, eBillme, eLayaway, Google Checkout, Green Dot MoneyPak, Mazooma, Moneta, MyECheck, NACHA Secure Vault Payments, OneTouch Online Purchasing, paysafecard, PayPal, RevolutionCard, SafetyPay, TeleCheck, Ukash, and more to a network of thousands of merchants and merchant service providers.

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GEMALTO SAM

Gemalto digital security has deployed its “Secure Access Modules” (SAM)
for EasyCard payment terminals in Taiwan for eSECURE Technology. The
“SAM” card is used to upgrade existing payment terminals for contactless
use, providing nearly 16 million consumers a simple, fast and secure
means to make small sum payments. This development marks a new
advancement towards rendering the use of EasyCard, a Gemalto Channel
Partner Program member, similar to that of an electronic wallet. “SAM”
is delivered under the form of a small format microprocessor card that
can be inserted into a terminal, is a proven solution that is used as an
effective and simple means to provide local off-line security for
prepaid and small amount transactions, of which Gemalto has already
deployed several million.

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