DELINQUENCY

Credit card delinquency (180 days+) rose 30 basis points in the second quarter and is now 70 basis points above year ago levels. Overall credit card delinquency now stands at 5.77 billion yuan or more than double the year ago figure. According to the People’s Bank of China credit card debts overdue by six months or more accounted for 3.1% of
the total outstanding credit card debt at the end of June. In the first quarter this year, credit card debt at least six months overdue rose 133% from a year earlier to 4.97 billion yuan. China’s banks had issued 162.6 million credit cards as of mid-year, up 33% from a year earlier.

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Lecere Board Adds a New Director

OR-based POS software provider Lecere has added Roger Williams,
previously with Bob Evans, to the Board of Directors.
Williams began his career in the restaurant industry while a teenager,
starting as an hourly employee with Bob Evans Farms, Inc., which owns
and operates 713 full-service restaurants and produces a complete line
of retail food products. Williams quickly rose through the ranks at the
company, first as manager of a Bob Evans restaurant, turning it into the
chain’s most profitable location. Named a vice-president of the company
at age 27, he was then promoted to head of the Bob Evans Food Products
business and then to president of the Restaurant Division of Bob Evans
Farms, Inc., retiring from the $1.75 billion company in February 2009.

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My1Stop.com Offers Special Card Deal

My1Stop.com becomes the
first online printer to offer 1000 cards in only three days for $299.
The plastic card printing featured in this offer is for 30 mil gloss
white plastic cards, printed front and back. Front side printing is done
in full photo color and backside printing is in black ink. The
combination of premium materials and laminate protection provides
plastic card buyers with an ultra durable gift card that will resist
scuffing, ink fade, scratching and peeling. Variable imaging and bar
coding is also available. This is a special offer that is part of test market by the
company, scheduled to last through December 31st, 2009.

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Radiant Unveils Aloha Configuration Sys

Radiant Systems has launched its “Aloha Configuration Center”
configuration platform catering to multi-store restaurant operators.
Allowing management to quickly manage, schedule and distribute data
across all their units using robust software architecture, the “Aloha
Configuration Center” is built on the Microsoft “.NET platform as an
above-store POS management solution. It provides remote administration
capability through a user interface. Combining the ability to manage
multiple sites through multiple applications allows for easy site system
changes that are made through an automatic data distribution method. In
addition, a secure offline mode allows users to make modifications
without persistent site connectivity, which update when the connection
is restored. Aloha Configuration Center has already been implemented in
more than 2,000 quick service and table service restaurant sites.

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Business Travel vs Profits is 15 to 1

According to a study by IHS Global Insight, businesses can realize more than $15
in profits for every $1 spent on business travel. The research shows
that companies are potentially losing out on nearly $200 billion in 2009
in additional gross profits because they are not optimizing their
investments in strategic business travel.
The report, “Can We Afford Not to Invest in Business Travel?,” published today expands upon findings
previewed last month at the NBTA International Convention & Exposition
and is part of a comprehensive business travel research initiative. The
project also includes elements examining the size and scope of the
global business travel industry and the industry’s economic impact
completed in partnership with Egencia™, the corporate travel arm of
Expedia Inc. The IHS Global Insight study was conducted on behalf of the National
Business Travel Association.

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Mitek Mobile Receipt an iPhone App Hit

Mitek Systems “Mobile Receipt” application is now the number one paid
finance application in the App Store as of September 8. Consistently in
the top five application in its category, “Mobile Receipt” converts the
photo of a receipt taken with the iPhone camera into a high quality
image and, with a single tap, converts the data into a professional
looking expense report. Available for $4.99 from the App Store, the
application allows the to snap a photo of a receipt, which “IMagePROVE”
technology automatically scales so it is easy to read, and assign an
expense category. The application then automatically creates an expense
report and sends it to the user’s email address. Mitek Systems advanced
image analytics and mobile document capture applications for camera phones.

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First Data CEO Recognized by DoD

First Data Chairman and CEO Michael Capellas is the recipient of the “2009 Secretary
of Defense Employer Support Freedom Award”. The award is the highest recognition given by the U.S. Government to
employers for outstanding support shown to their employees who serve in
the National Guard and Reserve. Rob Lawrence, Director of Vendor
Relationship Management at First Data and Command Sgt. Maj. for the
Colorado National Guard, nominated First Data for its efforts to support
the National Guard and other military employees.
First Data offers a variety of benefits to employees and their families
during military deployment. Some of these include providing differential
pay between military pay and First Data salary and continuing family
medical and life insurance benefits.

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Small Business Owners Brace for Choppy Waters

A new survey shows that 26% of small business owners report expanding
opportunities for their business, up from 15% from a year ago, but 63%
do not think the worst of the U.S. economic woes are over, and 17% say
they risk going out of business in the next six months because of the
economy. According to the American Express “OPEN Small Business
Monitor,” a semi-annual survey of business owners, found that business
owners continue to do everything they can to protect their employees.
For example, 35% of small business owners have tapped personal assets as
a result of the recession, 27% have stopped taking a salary and 17% are
working a second job, comparable to six months ago. At the same time,
fewer business owners are laying people off (15%, down from 23% in the
spring) or cutting benefits (8%, versus 16% this spring). Looking beyond
the basic issue of cash flow, nearly half of entrepreneurs (45%) are
looking to access capital from external sources in order to run their
businesses. One out of five business owners (19%) say they are
experiencing difficulty accessing capital. To secure the funds they
need, business owners are tapping a variety of sources, including using
a bank loan (14%), using business or personal credit cards (each 13%),
tapping personal savings (10%), borrowing from a friend or family member
(3%), and private equity/venture capital or home equity (each 2%).

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NCR and Blockbuster Ink a Major Deal

NCR and Blockbuster have partnered with Publix Super Markets to install
DVD kiosks.
NCR is launching a new self-service DVD rental experience under the
BLOCKBUSTER Express brand, offering consumers the widest selection of
new release and classic DVDs through conveniently located kiosks.
No membership is required to rent a DVD from NCR’s kiosks – customers
simply swipe their credit card and are charged $1 per night until they
return the DVD. NCR plans to complete
the installation of its BLOCKBUSTER Express DVD-rental kiosks in most
Florida-area Publix stores by November 1. NCR also has begun
installations in select Publix stores in other major markets, including
Atlanta; Birmingham, Ala.; Savannah, Ga.; Greenville, S.C.; and
Charleston, S.C. NCR expects to invest as much as $60 million in 2009 to
build out its
DVD-rental kiosk operations.

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Epicor Cited as Top Softgoods Retail POS

Global research firm IHL Group has named enterprise business software solution provider Epicor the leading vendor of
Point-of-Sale (POS) software to the top North American Softgoods
Retailers. For the “Retailer’s Guide: POS Software for Softgoods Retailers” report,
IHL Group evaluates vendors of POS software installed among the top 250
retailers in the specialty softgoods space and ranks the top ten
vendors. These vendor rankings are based on three criteria: 1) The total
number of vendor accounts among the leading 250 Softgoods retailers; 2)
The estimated number of POS systems running the vendor’s software based
on store count and lanes per store; and, 3) The retail revenue
represented by the vendor accounts. Epicor scored number one in every
category with the highest account share, POS software license share, and
managed revenue share—above Micros, Oracle, SAP, and JDA for the top rank. This is the fourth year that IHL Group has published
this report, and Epicor has been in the top spot each year (the first
two years as NSB Retail Systems, which Epicor acquired in 2008).

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RMS B2B A/R Management Goes Online

RMS business-to-business Accounts Receivable (A/R) management is now
providing companies an opportunity to purchase commercial collection
services, educational products, and bankruptcy services online through
www.rmsna.com/store. Orders provides immediate access to RMS’ over 3,300
A/R management associates and the experience and knowledge that comes
from their management of over 30 billion dollars in portfolios for over
18,000 clients world-wide. Available RMS options include Collection
Services; Education Services; and Bankruptcy Services for collection
from customers having filed for bankruptcy. Payment for all services and
products are made utilizing either a credit card or PayPal account for
settlement.

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