PAYSHIELD 9000

Thales information systems and communications security has launched its
“payShield 9000” payment “Hardware Security Modules.” Providing
cryptographic performance and resiliency options to support the growth
in global transaction volumes, the “payShield 9000” high-performance
tamper-resistant security platform was designed specifically to secure
card payment systems. The first provider to offer dual power supplies in
a payment HSM supporting the needs of high-capacity shared
infrastructures in mission-critical security systems within modern data
centers, Thales has designed the “payShield 9000” to satisfy demand for
performance, processing up to 1,500 transactions per second (TPS). The
new hardware platform is Advanced Encryption Standard (AES) and Elliptic
Curve Cryptography (ECC) ready to support future payment system
requirements and is designed to meet both FIPS 140-2 level 3 and the
Payment Card Industry Hardware Security Module standard (PCI HSM).

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Styles For Less Deploys Epicor Solutions

Clothing retailer Styles For Less has selected the CA-based Epicor Retail software suite.
Under the agreement, Styles For Less will also leverage Epicor Retail
Services for system configuration, implementation and training, as well
as new IBM and DigiPOS hardware. The company plans to pilot the project
in October 2009, followed by a six-month rollout beginning in January
2010 to its corporate headquarters and all 120 store locations. Styles For Less selected the
Epicor Retail software suite, which includes the “Retail Store” POS system;
“Retail Merchandising”; “Warehouse Management”; “Retail Planning”;
“Audit and Operations Management”;”Retail CRM” and “Financial Management”.
Epicor Software offers business software
solutions to the manufacturing, distribution, retail, hospitality and
services industries.

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WINCOR & SHELL

Wincor Nixdorf has extended its relationship with Shell International
Petroleum Company to equip Shell service stations with a new hardware
solution platform, following a rigorous nine-month selection process.
This development is meant to further standardize large sections of the
global service station network over the next five years. Wincor Nixdorf
also will oversee POS systems and peripheral deliveries to Shell over
the life of the program with its high-performance, scalable POS
terminals. These combine PC standard technology with POS-specific
features and include its “i-SERVICE STATION,” complete with Namos
software and Beetle POS hardware.

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VF PAYware Transact & VT Systems RecTrac Team

VeriFone Holdings’ “PAYware Transact” has been selected as the
PCI-compliant payment engine for the Vermont Systems RecTrac
facilities management system deployed worldwide to U.S. Army and
Navy recreational facilities. “PAYware Transact” is a highly-scalable and customizable Java-based
payment solution that supports high-volume transaction processing for
retailers and businesses of any size. The platform-independent system
accommodates a mix of front-end environments — including POS devices,
mail order/telephone order systems and e-commerce. Several thousand of
VeriFone’s MX 830 systems are being deployed to approximately 3,000 Army
and Navy facilities as a customer-facing card acceptance system for use
with RecTrac. VSI provides software for managing recreation
and parks operations for municipal, county, state and federal military
governmental entities. Its global deployment to Army and Navy facilities
supports a wide range of activities, from court and locker reservations
to childcare, with comprehensive reporting and financial management
capabilities.

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DEBIT REWARDS

With debit cards now the most frequently used payment card in Canada,
74% of consumers are interested in a debit card offering enhanced
features while 66% seek more choice when conducting direct debit
payments. In response, Visa Debit cards will offer cardholders enhanced
convenience through innovation with new payment choice and benefits,
already available in other regions of the world, and core features with
multiple layers of security to protect cardholders from payment card
fraud. These measures help prevent, detect, and resolve unauthorized use
of Visa card information. Over the past 20 years, Visa has evolved to
offer a broader range of payment products and transaction processing.

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Deloitte CSI Rises for the Fourth Month

The Deloitte “Consumer Spending Index” rose in September for the 4th consecutive month to 3.44% from an upwardly revised gain of 3.08% M/M, its highest level in two years. The Index attempts to track consumer cash flow as an indicator of future consumer spending, focusing on tax burden, initial unemployment claims, real wages and real home prices. The tax burden continues to fall with no end in site thanks to the weakening of the economy and is at a level seen usually only after tax rebates over the past 50 years; Initial unemployment claims have come down more than 100,000 over the past three months, indicating economic recovery; real wage growth was up 4.8% thanks to falling prices; and the decline in real home prices has slowed significantly Y/Y, making home buying much more affordable.

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FixYa Opts for a MetaBank Prepaid MasterCard

Product support community FixYa will enable over 250,000 Tech Experts to receive their earnings on a
Payoneer’s reloadable “FixYa Prepaid MasterCard” issued by MetaBank.
FixYa Experts can gain immediate
access to their money worldwide wherever Debit MasterCard is accepted —
avoiding the lack of availability of PayPal in certain countries, and
cash-hold restrictions that make it hard to access funds except for
online transactions. In addition, FixYa Experts can spend or withdraw
funds in their own currency worldwide wherever Debit MasterCard is
accepted without the need for a bank account. An online site
allows Experts to check their card balances and transactions easily at
any time. If a card is ever lost or stolen, Payoneer will cancel the
card and transfer the remaining balance to a new replacement card.
FixYa’s card program, administered by Payoneer, has already received
rave reviews during pilot programs by FixYa Experts both within and
outside the US. Payoneer provides prepaid
debit card and international payments programs for hundreds of
Internet-centric companies in accordance with MasterCard’s strict
security and “Know Your Customer” regulations.

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TSYS Acquiring Solutions Intros MobilePASS

TSYS Acquiring Solutions has introduced its “MobilePASS” payment
application. Allowing merchants to accept and process card payments any
time and anywhere, “MobilePASS” smartphone-based payment application is
focused on providing convenience, enabling merchants to accept and
process card payments while on-the-go as an alternative to wireless
terminals, Interactive Voice Response systems and POS systems. It offers
credit and debit card processing, voids, returns and reporting quickly
from any location. And because data is not stored on the device,
cardholder data is protected in the event that the smartphone is ever
lost or stolen.

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Credit Card Transaction Share to Slip to 23%

The number of checks and electronic transactions for debit cards, credit cards and automatic payments is slated to exceed 100 billion by the end of 2009. With this, credit cards will decrease in percentage of total transactions for the first time in 25 years to account for 23% of transactions. Additional findings show debit cards are to account for 33% of transactions, paper checks are to account for 24% and automatic payments will account for 20%, according to IL-based Moebs economic research firm and projections conducted by Moebs Services with Federal Reserve data from 1979 to 2006. Moebs subsequent implications suggest financial institutions will see reduced overdraft revenue thanks to less paper checks; consumers’ reliance on electronic payments will require improved online security; consumers will require faster, more frequent and more complete and transparent communications from financial institutions; and automated systems will benefit both the customer and financial institutions.

2009 Transactions Type
Debit Card 33%
Paper Check 24%
Credit Card 23%
ACH 20%
Source: MOEBS

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Reliant Energy to Accept MasterCard Payments

With 43% of credit cardholders and 54% of debit cardholders using/considering recurring payments, TX-based Reliant Energy electricity and energy services provider is now accepting MasterCard cards for bill payments from its small and mid-size commercial customers. With this, Reliant Energy is the latest in utility service providers to accept MasterCard card payments from its commercial customers as a means to generate greater operational efficiencies, increase revenue and improve customer satisfaction. This is in addition to electronic payment options the service provider already offers to its residential customer base, including fee-free card-based payments, and allows commercial customers to make one-time payments and recurring payments using a MasterCard. Additional Mastercard findings show 30% would switch to service providers offering recurring payments and, from 2001 to 2008, paper-based payments decreased from 78% to 38% of all bill payments while electronic payments grew from 22 % to 62%, according to Hitachi Consulting.

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Heartland Payment Systems Unveils ConfirmPay

Heartland Payment Systems has launched its “ConfirmPay” integrated
payments portal and healthcare eligibility verification system. Powered
by TransEngen, “ConfirmPay” allows healthcare providers to confirm
patient insurance eligibility and payment responsibility at the point of
care to enable healthcare providers to better manage patient receivables
and cash flow. It also streamlines workflow with less time spent
verifying a patient’s eligibility through its web-based portal, through
which personnel can retrieve remaining deductible balances, co-pay and
co-insurance amounts. “ConfirmPay” processes all electronic payments
including ACH, credit/debit cards and paper checks by converting them to
electronic fund transfers.

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Global Payments Inks Four Casono Deals

Gaming cash provider Global Payments has entered into agreements to provide MI-based FireKeepers Casino,
MN-based Fortune Bay Resort Casino, RI-based Twin River
Casino and NY-based Mohawk Bingo Palace & Casino with its
comprehensive suite of cash access products. These casinos have signed contracts to utilize various “LightSpeed”
products including “VIP Preferred” check-cashing services, “PlayerCash
@dvantage” credit and debit card cash advance services, and “ATM Cash
@dvantage”, which allows gaming patrons to initiate electronic check
transactions at the ATM without casino cage assistance. “VIP LightSpeed” is an Internet-accessible, PC-based platform that
provides cash access services for traditional and electronic check
cashing, ATM check cashing, credit and debit card cash advances and
credit reports. In addition, “VIP LightSpeed” provides high-speed
processing of cash access transactions, reduction of risk associated
with check cashing and cash advance services, and a full spectrum of
management and legal compliance reporting tools.

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