NFC Forum Announces New Implementer Level

The NFC Forum has
announced a new membership level called “Implementer” designed to
further the NFC ecosystem. “Implementer” membership is targeted at companies directly implementing
NFC solutions in the field worldwide. It complements existing NFC Forum
membership levels which are primarily targeted at technical
specification development. As more commercial NFC applications are
developed and deployed, “Implementer” membership provides a platform for
companies that work with NFC on a daily basis.
Available at an annual cost of US$5000, the “Implementer” level entitles
members to an array of benefits, including participation in NFC Forum
marketing events and “Plugfests,” access to member resources, discounts
and input to Forum marketing efforts. “Implementer” membership is the most affordable level of NFC Forum membership available to for-profit companies.

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HYPERCOM 2Q/09

ACI Worldwide reported revenue of $87 million in the quarter ended June 30th, a 20% decline over 2Q/08. Net loss for the quarter was $3.6 million, compared to net income of $0.8 million during the same period last year. ACI says the reduced revenue was largely attributable to initial license fee and service fee contributions of $15 million due to the impact of “Faster Payments” and the Middle East switch “go live” in the prior-year quarter as well as negative foreign currency exchange which dropped revenue by $4 million for 2Q/09. During the quarter there were strong money transfer system bookings in the U.S.; the Americas booked four key Latin American multi-product bank transactions; sales bookings in the EMEA included a large term renewal and add-on for a Dutch bank and a “BASE24-eps/Proactive Risk Manager/Payments Manager” deal signed in France; and in Asia a new customer in Vietnam for “BASE24-eps” as well as a risk management system sale in New Zealand. ACI predicts fiscal year sales of $450 million to $460 million. For complete details on ACI’s latest performance visit CardData (www.carddata.com).

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ETHICAL HACKING

Working with the University of Abertay Dundee of Scotland, NCR has been
focusing on stopping ATM criminal hacking before it happens. Rather than
reacting to threats, the partnership is developing an ‘Ethical Hacking’
program designed to stop hackers and viruses to focus currently on
protecting personal authentication measures required to gain access to
ATMs. Approved and partially-funded through the United Kingdom’s
Knowledge Transfer Partnership (KTP), the “Ethical Hacking” program is
available in a ‘Bachelor of Science’ and ‘Masters of Science’ degree.
NCR has sold more than 50,000 licenses of Solidcore for its “APTRA” ATM
malware security; its “SelfServ” ATMs are the first to self containedUSB
protection; offers a Fraudulent Device Inhibitor, external illuminated
hardware inhibiting foreign device attachment on or around an NCR card
reader; and offers Intelligent Fraud Detection (IFD) to countering ATM
fraud, which detects fraudulent devices and alerts the deployer.

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RBC CASH Index Reveals an August Bounce

A monthly consumer tracking poll found a strong bounce in overall
consumer confidence over the economy. The “RBC CASH” (Consumer
Attitudes and Spending by Household) Index saw improvement in all four
of its sub-indices. The “Index” for August stands at 37.5, a 15.1 point
increase from July’s 22.4 reading. The “Expectations Index” for August
rose to 29.1, up 24.3 points from July. The “Expectations Index” for
August surged to 29.1, up 24.3 points from July. The “Investment Index”
increased to 43.9, a 13-point increase from July’s level. The “Jobs
Index” for August rose to 53.2, up 2.7 points from July. However,
despite the uptick, the “Jobs Index” remains well below the 85.8 level
recorded a year ago. RBC noted that 64% of American consumers continue
to say they or someone in their close circle have lost a job in the last
half-year, the same rate observed over the last five months.

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Commerce Online and 561 Media Join Forces

Commerce Online has announced a joint venture agreement with 561 Media
international web development firm to provide merchant card services and
web marketing for all 561 Media clients. The card services will be made
available through Commerce Online and its alliance partner network,
which includes FL-based Direct Technology Innovations (“DTI”). Commerce
Online and DTI have recently signed merchant processing and ISO
agreements to support the venture. The venture will offer website
development for new business, search engine marketing, social networking
and merchant card services for all
561 clients, including fee-based traffic and advertising through the
“www.800Commerce.com” social B2B portal.

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LifeLock Lawsuits Being Consolidated

A new consolidated complaint combining 13 lawsuits against AZ-based
LifeLock identity-theft-prevention services claims the company
misrepresented its product, illegally sold insurance and breached
contracts. Among the components of the lawsuit is the question of
whether or not LifeLock can lawfully place fraud alerts for consumers
and has been reprimanded to advise consumers they cannot legally do so.
The agency has since stopped accepting and renewing requests to place
fraud alerts although LifeLock continued to collect monthly payments for
the alert services. LifeLock’s refusal to comply with the Fair Credit
Reporting Act (FCRA), which states only an individual can place a fraud
alert and excludes corporations such as LifeLock, is another component
of the lawsuits. Finally, LifeLock’s “$1 million
guarantee” insurance in no-way complies with Arizona Insurance Code
rules and regulations. The complaints against LifeLock include the
violation of the Arizona Consumer Fraud Act, false and misleading
advertising of an insurance product, unjust enrichment and breach of
contract.

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HYPERCOM 2Q/09

Hypercom reported that net revenue for the second quarter increased 28% sequentially to $106.8 million, but down 14%, compared to 2Q/08. The payment terminal manufacturer delivered net income of $1.3 million for 2Q/09, compared to a $9.9 million loss in the prior quarter and a $10.9 million loss in the year ago quarter. The results were attributable to tightly controlled operating expenses coupled with a significant sequential increase in sales across all regions. The Company also noted that its “Optimum” product line continues to gain traction worldwide with more certifications this year. During the second quarter, Hypercom, Ingenico and VeriFone announced the formation of the “Secure POS Vendor Alliance,” a non-profit business organization chartered with implementing common payment security standards among vendors of secure POS devices used by retailers, acquirers and cardholders alike. In the U.S. during the quarter, Chase Paymentech, Elavon and TransFirst certified the “Optimum T4205”; First Data awarded “Class B+” certification to Hypercom’s “Optimum T4205” with “SPOS32” software; Apriva certified the “SPOS32” payment software on the “Optimum M4230” mobile payment terminal for the retail and restaurant markets; The Phoenix Group inked a deal to purchase up to $6 million of Hypercom’s “Optimum” payment products for resale to U.S. businesses; and Hypercom, Electronic Payment Systems and Mercury Payment Systems launched a pilot of the “HyperSafe Remote Key System.”. For complete details on Hypercom’s second quarter performance visit CardData (www.carddata.com). (CF Library 4/8/09; 4/9/09; 4/15/09; 4/22/09; 5/20/09; 6/22/09)

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PayYourRent Offers Tenants the Card Option

PayYourRent.com has debuted its online rent-payment service, appealing
to apartment buildings, commercial office spaces and college housing
looking to save time, money and the environment. A paperless service
allowing for online rent payment, utilities management, lease
applications, maintenance requests and many other features,
PayYourRent.com tenant management leverages the real estate industry,
business and entrepreneurial spirit of its founders. Tenants can use the
site to setup automatically recurring monthly rent payments; submit
maintenance requests; complete electronic rental applications; and
connect all utilities effortlessly online while property managers can
automatically receive rent payments electronically; streamline the rent
collection process; edit rent payment information for multiple tenants
at once; communicate with renters; and receive maintenance requests by
email.

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TransAct Tech’s McDonald’s Business Up 250%

CT-based TransAct Technologies posted revenue for the second quarter of
$14.2 million, a decrease of 13%, compared to 2Q/08. The Company
recorded net income in the second quarter of $0.6 million, compared to
net income of approximately $0.3 million in the prior-year period.
Transact says its banking business grew by over 800% and its McDonald’s
business grew over 250%, compared to the second quarter of 2008. Also,
TransAct Services Group revenue increased 7%. During the quarter, the
Company was selected exclusively by Creek Nation’s River Spirit Casino
to provide “Epic 950” printers; received $3.6 million order from
lottery customer; and the “Epic 950” printer was selected
exclusively by City of Dreams Entertainment Resort in Macau. Transact
expects stronger results for the remainder of 2009, compared to the
first half of 2009, due to an increasing backlog of orders and forecasts
of order flow provided by some of the Company’s customers. For complete
details on TransAct Technologies’ second quarter performance visit
CardData (www.carddata.com).

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ACI Worldwide Q2 Revenues Decline 20% Y/Y

ACI Worldwide reported revenue of $87 million in the quarter ended June
30th, a 20% decline over 2Q/08. Net loss for the quarter was $3.6
million, compared to net income of $0.8 million during the same period
last year. ACI says the reduced revenue was largely attributable to
initial license fee and service fee contributions of $15 million due to
the impact of “Faster Payments” and the Middle East switch “go live” in
the prior-year quarter as well as negative foreign currency exchange
which dropped revenue by $4 million for 2Q/09. During the quarter there
were strong money transfer system bookings in the U.S.; the Americas
booked four key Latin American multi-product bank transactions; sales
bookings in the EMEA included a large term renewal and add-on for a
Dutch bank and a “BASE24-eps/Proactive Risk Manager/Payments Manager”
deal signed in France; and in Asia a new customer in Vietnam for
“BASE24-eps” as well as a risk management system sale in New Zealand.
ACI predicts fiscal year sales of $450 million to $460 million. For
complete details on ACI’s latest performance visit CardData
(www.carddata.com).

ACI REVENUES
2Q/07: $ 98.1 million
3Q/07: $ 84.9 million
4Q/07: $101.3 million
1Q/08: $ 90.7 million
2Q/08: $109.2 million
3Q/08: $108.6 million
4Q/08: $109.2 million
1Q/09: $ 88.2 million
2Q/09: $ 87.2 million
Source: CardData (www.carddata.com)

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Consumers Turn Bearish on Credit Card Usage

The length of the current recession will likely have a profound and
long-term effect on future overall credit utilization and most
significantly, credit card usage. A new report finds nearly two-thirds
of respondents can be classified as “payment changers,” indicating they
have taken specific actions to reduce credit card use, including
purchases shifting to debit, prepaid and charge cards or cash.
The study by Mercator Advisory Group found when consumers take actions
to reduce credit card use, a vast majority indicate those specific
actions are likely to be permanent, lasting beyond the recession.
Also, declining access to card-based credit is widespread, but not all
actions are negative. Of the 27% of respondents noting they applied for
new credit cards, about 60% were successful. Among those who experienced
an adverse outcome (line reduction, involuntary account closure, denied
application), 15% of all respondents indicate they delayed or cancelled
purchases (including vacations, major purchases, daily essentials, or
small business purchases) due to reduced credit access. Mercator
suggests credit card issuers need to leverage consumer loyalty to
existing card relationships to carry them through the recession.

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