Trustcash Card Hires a M-Payments Executive

Anonymous online payment system provider TrustCash Holdings has tapped Ajay Hans, co-founder of www.CellLongDistance.com
to lead the product and business development into the mobile payment market.
Hans is a seasoned telecommunications and technology executive with
demonstrated expertise in connecting market opportunities to technology
innovation and in turn, leading to monetization. He has held senior
executive positions with leading telecom software technology companies
where he successfully implemented solutions for companies such as Sprint
and AT&T. He is also the co-founder of ,www.CellLongDistance.com
a leading voice 2.0 telecom technology platform which drastically reduces
the high cost of traditional wireless long distance. He has a
Bachelor’s of Business degree from the BC Institute of Technology and
has completed an Executive Management Program at Simon Fraser University
as well as the Executive Managerial Success Program from Harvard
Business School.

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Metatron to Acquire Just Data IPSP

Metatron has entered into a Letter of Intent (LOI) with the shareholders
of DE-based Just Data Internet Payment Service Provider (IPSP) to
acquire 100% of its outstanding common stock. This will result in Just
Data as a Metaron wholly owned subsidiary as early September. Just Data
allows internet, broadband, wireless, call centers and retail merchants
to accept payments online, processing credit cards, electronic checks,
and telephone orders. Metatron plans to leverage its existing front-end
sites and applications for Just Data and is focused on creating
recurring and predictable revenue streams; maintaining a merchant
focused culture; fostering a scalable operating structure; and utilizing
the latest, advanced technology. Metatron diversified internet holding
company targets online and wireless consumer interactivity.

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Chase & United Offer Big Perks for Big Fees

A new trio of upscale co-branded air mileage reward cards has taken off. Chase and United Airlines launched the new “Mileage Plus” cards that offer specific perks for big annual fees. The new “United Mileage Plus Select Visa Card” carries a $130 annual fee, the “United Mileage Plus Access Visa Card” has a $275 annual fee and the “United Mileage Plus Club Visa Card” carries an annual fee of $375. The “Plus Club Visa” includes an annual “Red Carpet Club” membership and earns up to 10,000 miles per year toward “elite” status, two miles for every one dollar spent with United and one mile for every one dollar spent on all other purchases, with no cap. The “Plus Access Visa” includes “Economy Plus” (extra legroom) for cardholders and a guest traveling together on
domestic and international flights, two, one-time “Red Carpet Club” passes every year, earns up to 10,000 miles per year toward “elite” status and one mile for every one dollar spent on all purchases, with no cap. The “Plus Select Visa” includes triple miles on all United purchases; double miles on Star Alliance, gas, home improvement, grocery and dining purchases, one mile for every one dollar spent on all purchases, with no cap, plus a 5,000 bonus anniversary miles every year and up to 5,000 miles per year toward elite status on united.com purchases.

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DYNAMIC SIGNATURES

Todos’ “Dynamic Signatures for eCommerce” has been introduced to offer a
user-friendly and secure way to make eCommerce as secure as eBanking.
Allowing banks the same authentication devices used for eBanking to
authorise eCommerce payments, “Dynamic Signatures” lets them adjust the
level of authentication to match the level of risk/transaction value.
Offering more security than authentication devices using static and
one-time passwords, the new Todos security solution allows for easy
deployment with such 3-D Secure systems as ‘Verified by Visa’ and
MasterCard ‘SecureCode.’ Founded in 1987, Todos is focused on providing
over 100 banks trusted, secure relationships with online customers,
offering over 20 million products in more than 30 countries.

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MCCS Merchant Services Becomes MCPS

Merchants’ Choice Card Services (MCCS) merchant services provider has
changed its name to Merchants’ Choice Payment Solutions (MCPS).
Sponsored by Woodforest National Bank, the merchant services
organization has nearly 100 employees and over 300 sales offices
providing electronic payment solutions to merchants. These merchants
span all different types of retailers and businesses. MCPS was
established in the late 1980’s. The company offers comprehensive
processing services on Visa, MasterCard, American Express, Discover,
Diners Club, Debit cards, Checks, Gift/Loyalty cards, Electronic
Benefits Transfer, Fleet Management Cards, and JCB payment options. It
serves over 41,000 merchant partners, processing more than $3.4 billion
in annual credit card volume.

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FDC and TNB Renewal Their Processing Contract

TNB Card Services has renewed 16-year old agreements stipulating First
Data provide its credit and debit card processing services through at
least 2014. TNB offers payment card processing to credit unions across
the U.S. These services offer credit union clients payment card
processing, ATM terminal driving, and enriched card products that
provide extra benefits, features and rewards. TNB also offers portfolio
consulting, risk-based pricing tools and powerful fraud detection
systems while First Data provides remittance processing services to its
clients. TX-based TNB Card Services, owned and directed by credit unions
since 1976, serves more than 550 financial institutions of all sizes and
manages a total of more than 2 million cards.

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Social-Commerce Transaction Platform Unveiled

oneTXT merchant platform provider has partnered with Mashery to launch the “ORCA” (Optimized Real-Time Currency Application) social-commerce transaction processing system. Implementing Mashery’s open API architecture designed for social media communities, ORCA allows social media companies to process payments, manage loyalty and rewards programs, schedule advance orders of real and virtual goods, and communicate status with full control of the appearance of all of these transactions. The new solution also allows digital publishers, social networks, MMORPG publishers, and participation TV programs to fully manage their subscribers’ online transactions. CA-based Mashery ensures open APIs integrate and operate smoothly within a community’s interface for more than 70 companies to offer access management, business rules, monitoring, and metrics for distribution channels using Web services.

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MC EUROPE 2Q/09

Purchase transactions on MasterCards in Europe rose 7.2% in the second quarter to 1.68 billion. Gross dollar volume rose 2.1% while purchase dollar volume increased 3.0% in the quarter. In the quarter, MasterCard closed a number of significant business agreements across the region. In Turkey, Akbank launched “Carrefour Axess,” a co-branding partnership with Europe’s biggest retailer. In Italy, a new partnership with BankAmericard, the acquiring division of Deutsche Bank and Autostrade per Italia, the leading Italian highways company was started.
In April, Russia reached a significant milestone with over a million premium cards in circulation in the country. In Spain Santander Private Banking introduced the “Unlimited” card program. In Turkey Garanti relaunched its Turkish Airlines exclusive air miles credit card program “Shop&Miles” with MasterCard and also added “PayPass” to the product.
As of June 30th, 196 million MasterCard cards (excluding Maestro and Cirrus) had been issued by MasterCard customer financial institutions across Europe, up 3.8 % compared to the same quarter in 2008. For complete details on MasterCard’s second quarter performance visit CardData (www.carddata.com).

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Navy FCU Renews Metavante Processing Deal

The Navy Federal Credit Union has signed an early renewal for processing
services with Metavante. Navy Federal will continue using
Metavante Merchant Services to offer credit and debit card payment
acceptance services. Navy
Federal’s Small Business Services specializes in meeting
the unique needs of small business owners who are Department of Defense
employees — active duty, retired and civilian — as well as their
families. Metavante offers an
ATM/PIN-debit network in NYCE, mobile financial services, online bill
pay, government payments, credit and debit payment cards,
merchant-issued and network-branded prepaid cards, as well as automated
clearing house (ACH) and check image processing. Navy Federal Credit
Union is the world’s largest natural person credit
union with $40 billion in assets, 3.2 million members, 178 branch
offices, and 7,100 employees worldwide.

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Americans Concerned Over Data Usage Ethics

Less than 28% of consumers are confident companies collecting data from them for marketing purposes use the information in an ethical manner while 34% weren’t sure. Thirty-eight percent were positive firms do not use the information ethically. Most considered the privacy of data collected about them important, 41% of whom felt this way all along while 58% said their opinions about personally identifiable information have changed. The survey by Kognitio also shows 69% are willing to allow companies to collect some limited personal data through card programs and online accounts; only 3% of respondents would be comfortable with data being shared amongst companies if it makes their shopping experience better and more convenient; 59% were willing to allow companies to identify them on a regional basis, such as by zip code or demographics; and 57% would not want marketers to use the technology to identify them on a house-by-house basis.

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Microsoft Dynamics POS 2009 is Launched

Microsoft has launched its “Microsoft Dynamics POS 2009” flexible, scalable POS solution allowing midmarket companies and retailers to provide customer service and drive employee productivity. Building on Microsoft “Dynamic Business Promise,” “Microsoft Dynamics POS 2009” offers strategic use of flexible business applications. The POS solution offers retailers a customizable user interface allowing employees access to critical information, such as inventory levels and purchase history, is optimized for touch screens, can be tailored for specific individuals and the ability to create custom buttons for
completing common tasks. New features available through “Microsoft Dynamics POS 2009” include “Smart search” information searching; Security-enhanced payment processing; a software development kit allowing partners to develop add-on solutions; and Real-time inventory management and flexible reporting tools.

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Heartland Payment Systems’ Q2 Revenue Up 14%

NJ-based Heartland Payment Systems posted a second quarter GAAP net loss of $2.6 million. However, total revenue for 2Q/09 was up 14% to $417.4 million, compared to 2Q/08. The processor spent more than $19 million to resolve claims related to the January processing system intrusion. Net revenues in the second quarter were $106.6 million, an increase of 14.1% compared to $93.4 million in the second quarter of last year. Small and mid-sized merchant (SME) transaction processing volume was down 0.6% to $15.2 billion. Net revenue also grew due to the contribution from Network Services, which generated 728 million transactions in the second quarter compared to 256 million transactions contributed in June of last year. Heartland also noted that same store sales contracted at 9.7% for the quarter, the largest such decline in its history. The Company also reduced its guidance for fiscal 2009. For the full year 2009, it now expects net revenue (total revenues less interchange, dues and assessments) to grow in the area of 10%, to between $420 and $425 million. For complete details on Heartland Payment Systems’ second quarter performance visit CardData (www.carddata.com).

HEARTLAND PAYMENT SYSTEMS REVENUES
2Q/08: $395 million
3Q/08: $425 million
4Q/08: $386 million
1Q/09: $372 million
2Q/09: $417 million
Source: CardData (http://www.carddata.com)

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