YES BANK & FDC

YES BANK, a private sector bank and First Data electronic commerce payment
processing have reached an ATM deployment program MoU. Under the MoU,
the partnership seeks to jointly establish a widespread network of ATMs
across various cities in India, introducing “Convenience ATMs” to the
market and expanding the YES BANK footprint. In doing so, First Data
will leverage ATM capabilities to support YES BANK in identifying new
ATM locations, delivering installation and field management services
with 24×7 monitoring and vendor management, for which the pilot phase is
to begin August 2009 in Mumbai and Delhi. YES BANK currently has 117
fully operational branches and 93 offsite ATMs at 92 locations across
India while First Data securely processes transactions using data-driven
intelligence and insight for 5.3 million merchant locations and
thousands of card issuers in 37 countries.

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3Delta Systems Certified for AmEx CAPN

Payment solution provider 3Delta Systems has been certified to
process online merchant payment transactions via the American
Express Card Authorization and Processing Network.The processing
system will also support Corporate Card Line Item Detail, also
known as Level -3 data, to augment basic card transaction with
more detailed purchase information – such as item descriptions,
quantity, unit price, invoice numbers – which are critical for
many corporate buyers. These features are particularly important
for 3Delta Systems’ largest customers – business-to-business
(B2B) and business-to-government (B2G) credit card and
purchasing card (p-card) merchants and users. In addition to
American Express Direct, 3DSI’s payment gateway also connects
with other major merchant processor networks that can receive
Level-3 data, including Elavon, Fifth Third Processing
Solutions, First Data, Global Payments and TSYS Acquiring
Solutions.

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MC to Accelerate Debit Settlement Payments

MasterCard and Constantine Cannon, co-lead counsel for U.S. merchants in the “Visa Check/MasterMoney Antitrust Litigation,” have reached an agreement to accelerate payments to merchants. MasterCard has agreed to prepay the remaining payments agreed to in the “June 2003 Settlement Agreement” by making a single payment of $335 million in September 2009, in lieu of making the remaining four annual $100 million payments due through 2012. The agreement equates to a discount
rate of approximately 8% on an annual basis. In 2003, VISA agreed to pay $2.025 billion and MasterCard agreed to pay $1.025 billion over a ten year period. Constantine Cannon advised the court that it believes the deal will be more beneficial to “Class Members” than proceeding with the securitization of MasterCard’s remaining payment obligations.
(CF Library 6/17/03)

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NCCC & JDA

Philippines-based New City Commercial Corporation (NCCC) mall and retail
outlet developer is implementing the JDA Software Group “Merchandising
and Store Operations” solutions. Offering operational efficiencies to
maximize sales and satisfy consumer demand, “Merchandising and Store
Operations” will contribute to NCCC continued growth into different
retail businesses, which currently include bowling alleys, restaurants,
cinemas, pharmacy, hardware, a supermarket and a department store. JDA
Software Group drives business efficiency for its global customer base
of more than 5,800 retailers, manufacturers, wholesaler-distributors and
services industries companies through deep domain expertise and
innovative solutions.

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DOCOMO & PACKETVIDEO

Effective immediately, DOCOMO has acquired a 35% stake in CA-based
NextWave subsidiary, PacketVideo wireless and digital home multimedia
software, for $45.5 million in an all-cash transaction. Allowing DOCOMO
to enhance its music and video service, thus, edging competitiveness for
both companies, the partnership expands relations between the
organizations which has been developing since 1998. PacketVideo’s “CORE”
multimedia player and “pvPlayer” technologies will now be incorporated
in multimedia applications for DOCOMO’s “FOMA” 3G mobile network
services on 90 handset models. DOCOMO mobile operator serves over 54
million customers in Japan while PacketVideo software is a subsidiary of
NextWave Wireless and offers multimedia services on millions of devices.

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Total Card Names National Sales Director

Total Card has hired Paul Simon, previously with CMC, as its new
national sales director. As director, he will be responsible for market
expansion and new business development for the Company. With over 20
years of senior level executive experience in developing strategic sales
and marketing partnerships, Simon will provide the expertise that will
enable Total Card to position itself as a world class service provider
nationwide. In his position at CMC, Simon led the sales and new business
development strategies which expanded the market reach from small
community banks to large, national and international credit card issuing
institutions, credit unions and retailers. He was involved in
establishing key business relationships with JP Morgan Chase,
CVS/Caremark, Case New Holland, Meta Payment Systems, Fiserv, Sherman
Financial, Capital Card, Security Service Federal Credit Union and First
Bank and Trust.

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Equifax Launches Debt Wise for a Fee

Consumer information clearinghouse Equifax has launched “Debt Wise” to enable consumers to free themselves from debt faster.
Debt Wise effectively eliminates one of the biggest hurdles for many
debt laden consumers, which is where to start. Subscribers can create their
personal debt payment plan online in as little as 10 minutes, in the
privacy and comfort of their own home. The “Fast Pay Plan Wizard” makes setting up a plan simple,
straightforward and flexible by automatically importing debts from the
Equifax Credit Report and enabling subscribers to decide which debts to
include in their payment plan. The plan includes “Monitoring and Monthly Alerts” that help subscribers know if they
are on or off plan and when an account is paid off; Plus alerts within
24 hours of key changes to their Equifax credit file; 4 FICO Scores every 12 months so subscribers can check their
credit score, as it may change over time; the “Commitment Calculator” tool to simulate how paying additional
amounts towards debts could accelerate one’s debt freedom date and “Spend Smart Tools” that provide ideas on ways to save money and
spend wisely. Debt Wise aligns those debts in an optimal order and then applies a debt stacking strategy so that the
subscriber can see how to pay them off faster, without paying more in
monthly payments than they already do.

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TODOS & TATRA

Gothenburg-based Todos Data System has received an additional order for 150,000 smart card readers from Slovakia’s Tatra banka. Tatra recently purchased 200,000 Todos units. The new order is divided between the “Todos A200” and “Todos Signature” readers. Tatra is the first bank in Slovakia to offer its eBanking customers an advanced smart card reader. Todos Data System has delivered 19 million products to more than 100 financial institutions in more than 30 countries. Tatra banka is a member of Austrian Raiffeisen International Bank-Holding AG.

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OKI & RENESAS

OKI Data and Renesas Technology have signed agreements for the
acquisition of the Gunma Development Design and Device Division of
Renesas Eastern Japan Semiconductor front-end process line. OKI Data
plans to double current LED printer sales by FY2011 by increasing the
scale of its LED production operations in transferring to the new
Renesas facility by April of 2010 and completing procedures by November
30, 2009. Additionally, the new clean room is twice the size of the one
currently in use to increase production line efficiency fourfold and is
in close proximity to OKI’s Takasaki facility printer development,
shortening product development time even further. OKI Data has
representation in 120 countries worldwide and had an annual turnover for
FY07 of 187.9 billion yen while Japan-based Renesas Technology
microcontrollers achieved consolidated revenue of 702.7 billion JPY for
FY2008 (end of March 2009) with sales operations in 16 countries.

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FRB & FTC Issue Credit Bureau Guidelines

The Federal Reserve Board and the FTC have released the finalized rules
and guidelines for the consumer data reported to credit bureaus. Under
the rules, entities that furnish information about consumers to consumer
reporting agencies generally must include a consumer’s credit limit in
the information provided. The federal agencies are also publishing an
Advance Notice of Proposed Rulemaking (ANPR) to identify possible
additions to the information that furnishers must provide to consumer
reporting agencies, such as the account opening date. As required by
the Fair and Accurate Credit Transactions Act, the Board of Governors of
the Federal Reserve System, Federal Deposit Insurance Corporation,
Federal Trade Commission, National Credit Union Administration, Office
of the Comptroller of the Currency, and Office of Thrift Supervision are
publishing these final rules and guidelines, with an effective date of
July 1, 2010.

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HELLO INDIA!

Openbravo, a web-based open source Enterprise Resource Planning (ERP) and
Point of Sale solution has launched its “Hello India!” open
source software campaign. Recognized for its innovation in the
information technology sector and interest in Openbravo solutions, to
pave the way for its next stage in growth, India will play host to the
“Hello India!” initiatives, which include a multi-city 360º Business
Tour and Openbravo Training courses. With this development, the open
source software provider hopes to recruit new business partners System
Integrators, ISVs and VARs with knowledge of the mid-market ERP sector
and share knowledge of the growing opportunity in open source
professional products. Venture backed Openbravo is a developer of
professional open source solutions for businesses and has a presence in over
50 countries.

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