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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FINANCIAL OUTLOOK

While some financial expansion is expected this year, research shows 34%
of those polled do not expect a return to growth until the first six
months of 2010 while 32% feel growth won’t be until a period thereafter.
Meanwhile, 72% were caught off guard by the severity of the financial
crisis, 70% were surprised by the speed of the recession, 30% had seen
some improvement in their business over the last 12 months while 50% had
not seen any. The results come from a survey of 125 global financial
services conducted through Ernst & Young, which also shows 70% have
permanently changed their risk management strategy in response to the
crisis; 68% have implemented permanent differences to their regulatory
framework and 54% have changed their operating model. Additional
research shows 59% have seen their profitability decline; 56% have seen
revenues decline in the same period; 65% agreed international
governments’ contributed to rebound over the past 6 months; and 61% had
more opportunity to improve cost cutting in the last six months. Ernst &
Young assurance offers tax, transaction and advisory services to clients
around the world.

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June Consumer Bankruptcies Rise 41% Y/Y

The number of U.S. consumer bankruptcy filings rose at a 41% annual clip in June. However, the number of filings was down nearly 7% sequentially, but up 36.5% for the first half of this year, compared to one-year ago. According to the American Bankruptcy Institute and the National Bankruptcy Research, consumer filings totaled 116,345 in June, compared to 124,838 in May and 82,770 in June 2008. Chapter 13 filings constituted 28% of all consumer cases in June, up slightly from May. According to the Administrative Office of the U.S. Courts total bankruptcy filings rose in the first quarter by 34.5% from 33.1% in the fourth quarter. Total filings in the first quarter of this year hit 330,477, compared to 301,317 for the fourth quarter and 245,695 one-year ago. Consumer filings for the 12-month period ending March 31st, totaled 1,153,412, up 32.4% from the same period one-year ago. (CF Library 6/9/09)

BANKRUPTCY FILINGS
Jun 08: 82,770
Jul 08: 94,124
Aug 08: 96,413
Sep 08: 88,663
Oct 08: 106,266
Nov 08: 99,925
Dec 08: 84,926
Jan 09: 88,773
Feb 09: 98,344
Mar 09: 121,413
Apr 09: 125,618
May 09: 124,838
Jun 09: 116,345
Source: ABI/NBKRC; CardData.com

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COFFEE CLUB & SIMPHONY

MICROS Systems hospitality and retail information technology solutions
has announced The Coffee Club is to deploy its “Simphony” POS solution
in over 200 of its stores across Australia and New Zealand over the next
six months. The Coffee Club is deploying the “Simphony” solution for its
reliability, store-level resilience and service oriented architecture
which provides maximum benefits for its customers. The Coffee Club model
has depended on training, operational support and innovative marketing
strategies for its recent franchise expansion, which includes its first
store having opened in Thailand in 2009, while MICROS Systems provides
enterprise applications on over 310,000 systems at various retail
merchant operations in more than 130 countries. The Company’s
MICROS-Fidelio subsidiary also provides central reservation and customer
information solutions for more than 25,000 hotels worldwide while
MICROS-Retail offers point-of-sale, loss prevention and cross-channel
functionality to over 90,000
retail stores.

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