Merchant Warehouse Connects to Aldelo

Merchant card processor Merchant Warehouse has partnered with
restaurant POS provider Aldelo. The partnership addresses this timely subject matter,
adding additional lines of security to the next generation of Aldelo’s
EDC POS system through the full integration with Merchant Warehouse’s
secure MerchantWARE “Payment Gateway”, which encrypts credit card data
at the point of swipe through the “MagTek MSR Card Reader”.
Merchant Warehouse’s “MerchantWARE” solution encrypts the data at the card
reader, completely eliminating this threat. “With MerchantWARE”, merchants
never actually store or transmit any unencrypted credit card
information.

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USA Technologies Hits a New Milestone

Cashless transaction provider USA Technologies has processed $5 million
in cashless micro-transactions processed through its network in September.
The Company today has 57,000 devices connected to its network located
nationwide and in Canada, representing over 600 customers, including
many of the biggest national and global credit card companies, vending
machine operators, soft drink bottlers and other unattended,
self-service retail kiosks. USA Technologies also reported that a survey
of the 10,000 top
performing ePort® cashless vending machines had
shown an average 54% increase in cashless sales over the past 12
months as compared to the prior 12 month period. The annual cashless
sales of these ePort equipped
vending machines had grown from $1,992 to $3,071. The knowledge base
data is the result of tracking the performance of 38
channels and sub-channels and the cashless performance metrics from 600
customers, representing 6,000 cashless vending deployments, together
averaging 27% card usage, and annual cashless sales of over
$2,500 per machine.

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TSYS Program Solutions is Launched

TSYS has formed TSYS Program Solutions to provide turnkey credit card
programs for regional and community financial institutions.
TSYS will provide the program development, implementation and ongoing
delivery to make it easy for smaller banks to enter or re-enter the
credit card market. The new division will be led by:
Wayne Johnson,, previously with First Data, Andrew Mathieson ,
previously CEO and founder of Fintura Corporation, Patrick Fox ,
previously EVP of business development for Metris Companies,
Fred J. Grigsby III previously chief marketing officer at Fintura
Corporation and George Whitley, previously EVP, Fintura’s Business
Performance and Analysis functions.
TSYS’ solution includes profitability analysis, portfolio management and
campaign and marketing support combined with TSYS’ core capabilities in
data processing, card and statement production, customer care, analytics
and loyalty.

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SCA and M-Payments Council Outline Priorities

The Smart Card Alliance Contactless and Mobile Payments Council will
continue educating on chip card technology security benefits in the
hopes of reducing fraud in the U.S. payments industry. Resources on this
continued education include a position paper, End-to-End Encryption and
Chip Cards in the U.S. Payments Industry. With contactless cards and
acceptance terminals already widely deployed in the United States, the
paper discusses the fraud-reducing benefits of contactless chip cards.
The embedded dynamic cryptogram with each transaction stops card
counterfeiting, a major source of fraud, the increasing adoption of
which builds on infrastructure already in place to meet interoperable
EMV standards. The Contactless and Mobile Payments Council is made up of
over 120 individuals from 45 organizations, who welcome its new Chair,
Charles Walton of INSIDE Contactless, new Vice Chair, Ron Pinkus of
Giesecke & Devrient and new Secretary, James F. Lock III of JPMorgan Chase.

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Chase Cards Lose $700 MM in the Third Quarter

Chase posted a net loss of $700 million for its Card Services division for the third quarter. EOP managed loans were $165.2 billion down 11% from the prior year and down 4% from the prior quarter. The decrease from the prior year was due to lower charge volume and a higher level of charge-offs. Charge volume was $82.6 billion, a decrease of 12% from the prior year. Return on equity was negative 19%, down from positive 8% in the prior year. Pretax income to average managed loans (ROO) was negative 2.61%, compared with positive 1.17% in the prior year and negative 2.46% in the prior quarter. Net interest income as a percentage of average managed loans was 10.15%, up from 8.18% in the prior year and 9.93% in the prior quarter. Merchant processing volume was $103.5 billion, on 4.5 billion total transactions processed.

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LATERAL LIVING

With more people exploring alternative avenues towards personal
fulfillment and success, 28% can be described as “The New Potentialists”
with an inclination for “Lateral Living”. Among “The New Potentialists”,
49% seek to travel the world, meet new people and experiencing new
cultures, 36% wish to spend more time enjoying a hobby and 28% would
like to spend more time with their family. Identified in a study
commissioned by American Express, the research also shows 37% have
re-evaluated what is important in their lives thanks to the recession
while less than 10% are concerned with making more money. Additionally,
80% of women believe they will reach their full potential compared to
74% of men; 89% of women are optimistic about the future compared to 84%
of men; and 40% of women have re-evaluated what’s important in their
lives over the past year, compared to 34% of men.

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MOBILE EXCELLENCE

Because of its unique solution, Monitise Americas mobile banking and
payments provider has been chosen as a finalist for the “Mobile
Excellence Award for Best Mobile Innovator”, to take place December 7th.
Produced by Little Monster Media, the Mobile Excellence Awards (MEAs)
goes to the company proven most progressive or has launched the most
groundbreaking product/service/model. Monitise Americas mobile banking
services with its “Mobile Money” offering is the world’s first mobile
banking ecosystem. Made available by banks, credit unions and prepaid
issuers around the country, “Mobile Money” allows consumers to perform
banking and payment transactions using a single consistent interface.
Judged by professionals in the industry, the MEA criteria are based on
several achievements including Strategic Initiative, Impact of
Technology used in the Industry, Creativity, Ease of Use and Reach, and
Execution & Proven Success in the Market.

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CONSUMER SPENDING

During the golden week of “National Day Holiday”, China consumers
expressed their increased holiday consumption, with cross-bank bankcard
transactions having surged RMB 133.4 billion and a daily transaction
volume of 36.7% Y/Y. The daily average transaction amount increased in
real estate, jewelry, automobile and whole-sale transactions by 147.1%,
90.1%, 59.7% and 59.8% respectively since the year ago period.
Meanwhile, the refueling, supermarket, food & beverage, hotel and
recreational transactions also witnessed a significant growth of 48.2%,
32.8%, 32.1%, 11.4% and 11.3%, respectively, Y/Y. During the “National
Day Holiday”, the cross-bank transaction of bankcards demonstrated
growth of 35% among the national total transaction amount, increased by
4.4% than that during the “May Day Holiday” this year. More than 1.9
billion Unionpay Cards have been issued in China with 1.35 million
domestic networking merchants, 2.11 million units of network POS
machines and 180,000 units of network ATM machines.

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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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