Visa payWave to Deploy More ePort Terminals

Cashless payment solution provider USA Technologies and Visa will expand
their agreement to deploy another 2,500 “ePort” payment terminals.
This will bring the total to 4,000 terminals that are expected to be
installed in markets nationwide.
The G8 ePort terminals were especially designed to accept Visa payWave,
a new payment feature that allows consumers to simply wave their Visa
card in front of the ePort terminal to pay for their vended purchase. A
signature is not required for purchases under $25, and consumers retain
control of the card during the transaction, reducing the risk of fraud.
USA Technologies is a provider of cashless payment solutions to the
vending, kiosk, online laundry and self-serve point of sale markets,
with nearly 50,000 devices already in service.

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RDM 2Q/09

RDM Corporation electronic commerce and payment processing posted
payment processing revenues of $2.5 million for its fiscal Q3/09 ended
June 30, 2009, compared to the year-ago figure of $1.7 million. The RDM
transaction volumes averaged 3.8 million items per week during the
quarter, compared to 2.8 million items per week during the year ago
period and 3.6 million items per week during its fiscal Q2/09. Payment
Processing Services segment revenues increased by $0.8 million by 48%
from the year ago period to $2.5 million while the Electronic Payments
Solutions segment and the Quality Assurance segment, which represented a
combined 8% of total revenues in the third quarter, generated revenues
of $180,000 and $322,000, respectively, compared to $554,000 and
$331,000, respectively, in the year ago period. Additional data show the
organization’s end user locations grew from 17,000 to 17,800 during the
quarter; added one additional bank distributor; gross profit was $2.5
million or 42% of revenues, compared to $1.8 million and 34% during the
year ago period, respectively; and net earnings of $175,000 compared to
a net loss of $298,000 during the year ago period.

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U.S. Debit and Overseas Cards Drive Visa’s Q2

Visa reported that second calendar quarter adjusted net income,
excluding its recent sale of VisaNet do Brasil, increased 11% to $507
million and net operating revenue increased 2% to $1.6 billion, compared
to the same quarter in 2008. Sequentially, net operating revenue was
flat and adjusted net income was down 8%. However, global transaction
growth for the quarter ended June 30th picked up to an annual rate of
8%, compared to 6% in the prior quarter and 13% in the year ago quarter.
For the second calendar quarter there were 10.3 billion transactions
processed via VisaNet. Visa released first calendar quarter performance
data which showed that payments volume growth, on a nominal basis, was a
negative 5% over the prior year at $617 billion; total volume, on a
nominal basis and inclusive of cash volume, was $969 billion, a 7%
decline over the prior year; and the total cards carrying the Visa
brands rose 6% worldwide over the prior year to over 1.7 billion. In the
U.S. gross dollar volume for Visa credit programs for the quarter ending
March 31st declined 15.5% to $195 billion while debit program GDV rose
5.8% to $272 billion. Visa predicts annual net revenue growth of high
single digits in 2009 and at the lower end of the 11% to 15% range in
2010. For complete details on Visa’s latest performance visit CardData
(www.carddata.com).

VISA-NET TRANSACTIONS (millions)
Jun 30, 2009 10,266
Mar 30, 2009 9,360
Dec 31, 2008 9,797
Sep 30, 2008 9,590
Jun 30, 2008 9,473
Mar 31, 2008 8,800
Dec 31, 2007 9,094
Sep 30, 2007 8,645
Jun 30, 2007 8,411
Note: Visa, Visa Electron, Interlink and PLUS
cards processed on Visa’s networks.
Source: CardData (www.carddata.com)

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POS-ERP

eFuture Information Technology China-based retail software and services
has inked strategic agreements with Microsoft Corporation to provide a
standardized POS-ERP system. Targeting retailers across China, the new
system will integrate Microsoft Windows “Embedded POSReady 2009” into
eFuture’s POS-ERP “Store Operation System” and leverage the latter’s
nationwide retail customer base. This will pair the POS-ERP “Store
Operation System” with the Microsoft’s operating systems for a low-cost,
secured data platform with service-oriented architecture. The Microsoft
Windows “Embedded POSReady 2009” operating system is equipped with
flexible and customizable features for customer hardware requirements
providing the ability to connect to peripherals and servers on a broad
range of applications. eFuture Information Technology provides its
software and services to the rapidly growing China retail sector and
employs more than 600 employees in 20 branch offices across the country.

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EURONET 2Q/09

Euronet reported that second quarter revenues declined 5.8% to $248.6 million. However, net income jumped to $15.6 million, compared to net income of $5.9 million for the second quarter 2008. The EFT Processing segment posted revenues of $45.6 million, compared to $52.4 million for 2Q/08. Transactions of 179.3 million, compared to 168.6 million for the year ago quarter. The EFT Processing Segment ended the second quarter with 9,336 ATMs. The Prepaid Processing segment reported revenues of $145.2 million, compared to $152.6 million for the second quarter of last year. Transactions were 194.2 million, compared to 169.5 million for 2Q/08. The PP segment processes electronic POS prepaid transactions at approximately 470,000 POS terminals across approximately 232,000 retailer locations in Europe, Asia-Pacific, North America and the Middle East. The Money Transfer unit reported revenues of $57.8 million, compared to $59.5 million for the second quarter 2008. Transfer transactions were 4.5 million, compared to 4.3 million for the second quarter 2008. For complete details on Euronet’s second quarter performance visit CardData (www.carddata.com).

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Euronet Worldwide Q2 revenues Decline 5.8% Y/Y

Euronet reported that second quarter revenues declined 5.8% to $248.6 million. However, net income jumped to $15.6 million, compared to net income of $5.9 million for the second quarter 2008. The EFT Processing segment posted revenues of $45.6 million, compared to $52.4 million for 2Q/08. Transactions of 179.3 million, compared to 168.6 million for the year ago quarter. The EFT Processing Segment ended the second quarter with 9,336 ATMs. The Prepaid Processing segment reported revenues of $145.2 million, compared to $152.6 million for the second quarter of last year. Transactions were 194.2 million, compared to 169.5 million for 2Q/08. The PP segment processes electronic POS prepaid transactions at approximately 470,000 POS terminals across approximately 232,000 retailer locations in Europe, Asia-Pacific, North America and the Middle East. The Money Transfer unit reported revenues of $57.8 million, compared to $59.5 million for the second quarter 2008. Transfer transactions were 4.5 million, compared to 4.3 million for the second quarter 2008. For complete details on Euronet’s second quarter performance visit CardData (www.carddata.com).

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FIS Q2 Revenues Slip 4% as International Picks Up

Fidelity National Information Services posted a 4% decline in revenue to $834.8 million for 2Q/09. Net income declined 17.7% to $59.2 million for the second quarter, compared to one-year ago. The Company noted that excluding the unfavorable impact of foreign currency revenue declined only 0.4%. Payment Solutions revenue declined 0.9% to $380.0 million as growth in debit was offset by declines in item processing, credit card and retail check services. Financial Solutions revenue declined 1.4% to $277.0 million as increased demand for risk management and technology outsourcing services was offset by lower software license and professional services revenue. International revenue declined 13.7% to $178.4 million in U.S. dollars due to the strengthening of the U.S. dollar. However international revenue increased 1.4% in constant currency, driven by 5.1% growth in payments. FIS is currently in the process of acquiring Metavante Technologies and expects to complete the transaction in the fourth quarter. For complete details on FIS’ second quarter performance visit CardData (www.carddata.com).

FIS REVENUE
2Q/08: $869.7 million
3Q/08: $893.8 million
4Q/08: $862.0 million
1Q/09: $797.8 million
2Q/09: $834.8 million
Source: CardData (www.carddata.com)

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Restaurants Unlimited Discounts Cards

Restaurants Unlimited is offering a gift card promotion that takes 25%
off purchases.
There are many ways to utilize the 25% in savings that Restaurants
Unlimited is offering, including dinners for two, early holiday
shopping, company parties, birthdays, anniversaries and even happy
hours. Cards include: Kincaid’s, Newport Bay, Newport Seafood Grill, Stanford’s, Fondi, Palomino, Palisade, Cutters Bayhouse, Maggie Bluffs, Stanley and Seafort’s, Horatio’s, Skates on the Bay, Ryan’s Grill, Manzana, Portland City Grill, Simon and Seafort’s, Henry’s Tavern, Billy Heartbeats, Clinkerdagger and Scott’s Bar and Grill. Restaurants Unlimited operates 58 award winning restaurants in
thirteen states.

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NETELLER

NEOVIA Financial global online payments business has introduced its
“NETELLER” Money Transfer service. Allowing users to send and receive
money instantly around the world securely through a user-friendly
interface, “NETELLER” is intent on offering consumers a cost effective
remittance service. The sender pays a 1% transfer fee of no more than
$10 USD while the receiver is incurred no transfer fees. The NEOVIA
service allows people to transfer funds in 20 different currencies to
over 180 countries, with automatic conversion, for a wide variety of
deposit options. Deposit options include credit/debit card, bank
transfer, direct e-Banking, Giropay, iDEAL, and Ukash. Receivers, whom
must hold their own NETELLER account, can withdraw the remittance
through bank transfers, cheques, bank wires or through the “Net +” card.
The NETELLER account is free and can be used to send money to anyone
with an email address.

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Mobile P2P Payments to Rise Sharply

A new report from Javelin reveals the growth potential for mobile person
to person payments. The report, “Mobile Person-to-Person
Payments: Mounting Telco Activity in a Mobile Channel Segment That
Financial Institutions Can’t Afford to Lose”,reveals that the number of
consumers likely to
use mobile P2P payments and transfers has increased sharply to 26
million, with an additional 6 million people expressing interest since
2008. Key Findings of Mobile Person-to-Person Payments Report are:
smartphone adoption has almost doubled in the past year;
nearly one in three online consumers with mobile phones and one
in four online consumers have an interest in using mobile P2P payments;
sending and receiving money quickly are cited as the primary
motivation by consumers to engage in mobile P2P; bank-oriented products
from vendors such as CashEdge and M-Com
are currently best positioned to emerge as the dominant solutions for
mobile P2P and the future success of ZoomPass in Canada could drive further
activity on the carrier side and provide a wake-up call to financial
institutions.

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Consumer Confidence Starts to Erode Again in July

The Conference Board “Consumer Confidence Index” declined for the second month in a row by 2.7 points, the Present Situation Index decreased 1.6 points to 23.4, while the expectations Index declined 3.5 to stand at 62.0 for the month of July. Consumers rated current conditions unfavorably for the month, with those gaging business conditions as “bad” having increased 1.0% to 46.3% while those saying conditions are “good” also increased 1% to 9.1% since June. Everyone seemed to agree the labor market is tough with those finding jobs “hard to get” having increased 3.7% to 48.1% while those claiming jobs are “plentiful” decreased 0.9% to 3.6%. Additional findings show those anticipating an improvement in business conditions over the next six months decreased 2.9% to 18.0%; those expecting conditions to worsen decreased 1.5% to 18.9%; those expecting more jobs in the months ahead decreased 2.5% to 15.0%; and those expecting fewer jobs decreased 1.3% to 26.3%.

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Discover Best IT Place to Work

Discover Financial Services is one of the “Best Places to Work in
Information Technology for 2009” according to Computerworld.
The annual Best Places to Work in Information Technology list is based
on a comprehensive questionnaire regarding company offerings in
categories such as benefits, diversity, career development, training and
retention. In addition, Computerworld extensively surveyed IT workers at
the companies, including 250 at Discover, and their responses factor
heavily in determining the rankings. Discover
has made the list for the past seven years, moving up from No. 73 in
2008 to No. 31 this year. Computerworld’s award-winning Web site, weekly
publication, and focused conference series form the hub of the world’s
largest global IT media network.

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