APRIL LEI

The Conference Board Leading Economic Index (LEI) for France increased
.6%, following an 18 month rate of decline total of 3.2%, while The
Conference Board Coincident Economic Index (CEI) decreased .2% in April.
With the .6% increase in April, The Conference Board LEI for France now
stands at 99.7 (2004=100), which declined 0.5 % in March and .7% in
February, while the CEI now stands at 103.5 (2004=100), which decreased
0.3% in March and decreased 0.4% in February. LEI results for the month
were attributed to positive gains in the stock price index, the yield
spread, production expectations, industrial new orders, and residential
building permits while negative contributors to the index include
inverted new unemployment claims and the ratio of the deflator of
manufacturing value added to unit labor cost for manufacturing.

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Hypercom’s T4200 Family Gains More Traction

The Phoenix Group, the largest independent distributor of POS products
and services, has inked a deal to purchase up to $6 million of
Hypercom’s “Optimum” payment products for resale to U.S. businesses. This
follows a recent deal with Central Payment Corporation to offer
Hypercom’s “T4205” to its more than 25,000 US-based merchant customers.
The “Optimum T4200” product family for North America consists of four
32-bit multi-application devices that share the same platform, user
interface and software toolkit. In May, Chase Paymentech “Class A”
certified Hypercom’s PCI PED-approved “Optimum T4205” card payment
terminal. In April, First Data issued “Class B+” certification to
Hypercom’s Optimum “T4205” with “SPOS32” software. Also in April,
Dallas-based payment processor TransFirst “Class A” certified Hypercom’s
“Optimum T4205” and “T4220” payment terminals and Apriva “Class
A”-certified Hypercom’s “SPOS32” payment software on the “Optimum M4230”
mobile payment terminal for the retail and restaurant markets.
Additionally, APACS certified the terminals in the UK. CF Library
4/9/09; 4/15/09; 4/22/09; 5/20/09; 6/9/09; 6/16/09)

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VISA & NEUSTAR

To accelerate the adoption of mobile financial services globally in an
era the electronic payments and mobile telecommunications industries
must collaborate more than ever, Visa retail electronic payments network
and the NeuStar wireless network provider have formed a strategic
alliance. Offering a reliable, scalable and secure global payment
network through carrier grade infrastructure for interconnection
services to global network operators for mobile service provisioin, the
Visa-NeuStar partnership delivers its benefits through various means.
These means include enabling new mobile channels through which Visa’s
financial institution clients can reach their customers; generating new
revenue streams through financial services such as mobile transaction
alerts; enabling delivery of mobile financial services to areas with
limited payment products and services; and improving time to market for
mobile financial services through a standardized, scalable
infrastructure. The Visa electronic payments network provides processing
services and payment product platforms in more than 170 countries.

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Sheetz to Offer First Data’s GO-Tag Solution

Mid-Atlantic c-store chain Sheetz has opted for the First Data “GO-Tag”
payment solution. The new product is an open-loop, reloadable prepaid
payment sticker and can be used wherever Visa payWave contactless
payments are accepted. For those merchant locations that do not accept
contactless payments, the “GO-Tag” solution includes a separate
magnetic-stripe Visa prepaid card. Sheetz will begin to sell the
“GO-Tag” solution at all of its 350 locations across by the end of July.
Sheetz operates stores throughout Pennsylvania, West Virginia, Maryland,
Virginia, Ohio and North Carolina. First Data first introduced the new
payment technology to select media and delegates attending Democratic
National Convention in Denver in August. In April, INSIDE Contactless and
First Data signed a three-year agreement to develop contactless payment
stickers. INSIDE is supplying “MicroPass” payment sticker prelams
exclusively to First Data-qualified card manufacturers for production.
(CF Library 8/25/08; 4/8/09)

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MI-PAY & SMALL WORLD

Two companies have teamed to provide mobile operators with an easily implemented solution for immediate global mobile money transfer and international prepay phone top-up to more than 30 country corridors.
Mi-Pay, and Small World Financial Services will integrate Mi-Pay’s mobile money payment solution integrated into Small World’s money transfer hub. The combined Mi-Pay and SmallWorld international proposition includes money transfer and top-up hub, regulatory compliance, banking licences and business process management expertise. It is offered on a white-label and revenue share basis to mobile operators. Small World has 60 branches and over 1,500 agents. The partnership represents Europe’s third largest distribution network for sending money transfers. Mi-Pay is a founding member of the GSMA’s “Mobile Money Vendor” program and is active participant in the “Mobile Money for the Unbanked” program. Both Small World and Mi-Pay are advisory members of the International Association of Money Transfer Associations.

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Acacia to Assert a Card Rewards Patent

Acacia Research’s subsidiary, Acacia Patent
Acquisition, has acquired the rights to patents for consumer rewards
program technology. The technology generally relates to consumer rewards
programs such as loyalty programs offered by airlines, hotels and credit
card companies and may be used to provide a single source for consumers
to
access and utilize applicable benefits under different loyalty programs.
Acacia Research?s subsidiaries control over 100 patent
portfolios, covering technologies used in a wide variety of industries.

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ZAP

With Sub-Saharan Africa having received nearly US$10.8 billion in
remittances in 2007, Zain Middle East/African mobile operator and
Western Union have partnered to deliver mobile money transfer services
across the region through the “Zap” platform. Offering Zain users a
range of mobile phone transactional services in eventually 22 markets,
“Zap” allows users to interact with bank accounts, top-up or transfer
airtime, remit funds, pay bills and checkout in the grocery store. Given
a total of US$400 billion in remittances were sent in 2008, “Zap” fund
recipients can cash out through at more than 12,000 agent locations in
East Africa, Zain is the 4th largest mobile network in the world with
commercial presence in 24 countries to serve 64.7 million active
customers and Western Union global agent network consists of more than
334,000 locations in 200 countries.

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Bling Nation Goes Live in Colorado

CO-based The State Bank has launched alternative payment “Bling
Nation Community Payments Service”. The contactless payments network
enables banks and merchants to avoid global network costs and keep money
within the community through a secure local debit network. The bank
markets the local payments network as an alternative to expensive,
traditional payments networks and accompanying rewards program as “Redi
Pay Bling”. Bling Nation?s core technology is an integrated issuing and
acquiring
platform designed specifically for local and regional banks. Through its
Community Payments Service, Bling Nation enables financial institutions
to more profitably support payments between their local demand deposit
account (DDA) customers and their merchant customers by bypassing the
current global debit payment model with an efficient, cost-effective and
local payment network.

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LML FISCAL & 1Q/09

LML Payment Systems technology for financial payment solutions has
posted 1Q/09 and fiscal year revenue ended March 31, 2009 of $3.1 million
and $12.3 million, respectively. Additional reports show LML posted a
quarterly gross profit of $1.6 million, income from operations of
$112,000 (compared to a year-ago period loss of $504,000), income before
taxes of $137,000 (compared to a year ago period loss of $1.4 million),
net income of $5.15 million (compared to a year ago period loss of $1.6
million), net cash flow from operating activities of $281,000 and
Non-GAAP net income of $328,000. Meanwhile, the annual revenue of $12.3
million for the year ended March 31, 2009 was a 9.3% gain over the year
ago figure of $11.3 million, gross profit was $6.3 million, income from
operations was $599,000 (compared to a year ago period loss of
$451,000), income before taxes was $1,034,000 (compared to a year ago
period loss of $1,606,000), net Income was $5,455,000 (compared to a
year ago period loss of $2,221,000) and Non-GAAP net income for the
fiscal year was $1.9 million. These gains throughout the fiscal year are
thanks in part to LML’s 1,500 new customers and 100 new channel sales
partners.

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Rearden Expands its Biz Personal Assistant

For the first time, business travelers can reserve and purchase Amtrak
tickets through Reardon Commerce’s Web-based travel platform. It is the
first travel application to allow employees real-time faring and the
ability to immediately purchase a train ticket, all after corporate
discounts and policies are applied. Rearden Commerce has fully
integrated the rail service into its “Personal Assistant.” The Company
also announced that travelers will be able to
leverage the company’s unique “Book Again” technology to rebook
previously traveled routes and personalize their dining experience with
the Rearden “Personal Assistant.” The dining service within the
“Personal Assistant” combines an end-user experience for finding and
making dining reservations, with the ability to apply corporate cost
controls and receive company rebates of up to 10% from a network of
thousands of participating restaurants. Reardon notes that business
travelers have been stuck using legacy travel applications that are
cumbersome, hard to use and unfortunately lack usability features. The
Company also announced that David Cassady has joined the company as
President and GM of B2B Operations.

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VISANET & TELEFONICA

Introduced as the first commercial mobile payment program of its kind in
Latin America, Visa, VisaNet Perú and Telefonica has launched the “Pago
Movil con Visa” (Visa Mobile Pay) mobile payment program. With this
development, Peruvian Visa cardholders are allowed to initiate payments
over a wireless network using their Banco de Crédito, Interbank, BBVA
Continental or Scotiabank -issued payment card. Initially only allowed
to pay for cab fares and flower arrangements, additional merchant
segments are scheduled for addition in the near future. This
introduction comes just weeks after Visa’s partnership with Maxis
Malaysian wireless carrier to introduce a mobile payments service for
NFC POS transactions to the over 11 million subscribers. Visa retail
electronic payments network provides processing services and payment
product platforms for credit, debit, prepaid and commercial payments in
more than 170 countries.

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VantageScore Slates a Scoring Webinar

CT-based VantageScore will offer the “Credit Scoring in Volatile Times”
webinar June 29. During the webinar, there will be a critical review of
real estate loans with an emphasis on the states most affected by credit
deterioration, best-practice analyses on credit
scores to assess levels of continued performance for new accounts and
existing account management during significantly eroding conditions.
Credit card and auto loan portfolios will also be highlighted.
VantageScore?s highly predictive model uses an innovative,
patent-pending scoring methodology to provide lenders with a consistent
interpretation of consumer credit files across the three major credit
reporting companies and the ability to score more people.
VantageScore Solutions is an independently managed company that holds
the intellectual property rights to VantageScore generic scoring
model created by Equifax, Experian and TransUnion.

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