BLUE BAMBOO & ATT

AT&T Certified Solutions Catalog has listed Blue Bamboo e-payment
solutions’ “Pocket POS” mobile payment applications. Boasting savings of
between 30 % – 70 % in transaction fees through swiped retail rates and
reduced charge backs, the application includes a Bluetooth enabled P25-M
receipt printer and card reader with Master Key/Session Key and DUKPT
security protocols for wireless payment transactions using a mobile
handset, PDA or laptop. The AT&T certification indicates Blue Bamboo and
its “PocketPOS” have met the standards of a secure, reliable major
mobile carrier and confirming it will not install spyware or viruses.
Blue Bamboo designs and markets affordable products for the POS
terminal and peripherals industry.

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Payment Rates Downtick for the Third Month

Monthly payment rates, the amount that cardholders pay on their credit card debt each month, fell in May by 87 basis points, following a 32 basis points downtick in the prior month. In November, the MPR posted its largest one-month drop ever, descending 251 basis points. Rising in December to 18.56%, the MPR declined 178 basis points in January. Among managed credit card outstandings, the MPR declined to 16.44% in May, according to CardData. The managed MPR one-year ago stood at 18.78%. According to the latest “Moody’s Credit Card Index” payment rates for all credit card-backed securities slipped for the second consecutive month in May to 16.01% from 16.20% in the prior month. According to the latest “Credit Card Index” results from Fitch Ratings, monthly payments rates among “Prime” credit card ABS have exhibited some fairly typical seasonal volatility early this year, but continue to hover around 17%. Fitch reported an April MPR of 16.98%.

MONTHLY PAYMENT RATES
Dec 08: 18.56%
Jan 09: 16.78%
Feb 09: 17.13%
Mar 09: 17.63%
Apr 09: 17.31%
May 09: 16.44%
Source: CardData (www.carddata.com)

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RYANAIR CARD

Thinking Money has reported the “Ryanair/MBNA Ireland Gold” credit card
is offering 0% interest for the first 10 months on balance transfers to
become the Country’s most competitive. As the Republic of Ireland’s
third largest credit card provider, MBNA Ireland is offering customers
who use the card within 90 days of opening the account a bonus return
flight; for every EUR 2,000 spent on the card in a calendar quarter a
bonus return flight; for every EUR 5,000 spent, a pair of return
flights; and five return flights purchased will also earn an additional
bonus return flight. Flying 830 routes across 26 countries to 148
destinations, Ryanair low fare airline now serves more passengers than
Air France, British Airways or Lufthansa. In conjunction with this
announcement, Thinking Money is projecting the Airline to maintain its
traffic growth by 15%, flying 67 million before 2011.

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ABnote North America Consolidates Brands

Arthur Blank & Co., American Bank Note Company, and Keystone Plastics
of Canada, three subsidiaries of ABnote Group, announced they
consolidating under a new brand, “ABnote North America.” The newly
branded firm will be led by CEO Joe Caffarella. The Company has a
corporate history dating back to 1795. ABnote North America will offer
plastic commercial cards, financial cards, secure access cards,
identification cards, secure documents, and related secure
personalization, warehousing, distribution, and fulfillment services.
While the Arthur Blank & Co, American Bank Note Company, and Keystone
names will remain for an interim period, the brands will be phased out
as marketing is transitioned over to the new brand.

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APRIL LEI

The Conference Board Leading Economic Index (LEI) in Australia increased
for a third consecutive month by .7% while The Conference Board
Coincident Economic Index (CEI) decreased .1% in April. With the .7%
increase in April, The Conference Board LEI for Australia now stands at
113.5 (2004=100), which increased 0.6% in March and .1% in February,
while the CEI now stands at 112.3 (2004=100), which decreased 0.1% in
March and increased 0.1% in February. LEI positive results for the month
were attributed to sales to inventory ratio and gross operating surplus
for private non-financial corporations, the implicit price index used to
deflate rural goods exports and building approvals, and the CPI used to
deflate money supply M3.

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Vendor Safe Secures Quaker Steak & Lube

PCI DSS compliance provider Vendor Safe Technologies
has signed a long term agreement with restaurant chain Quaker Steak
& Lube to implement a single source Payment Card Industry
Data Security Standard compliance solution.
The PCI Managed Security portfolio enables restaurants and other credit
card merchants to secure their environment with solutions that include “Global Security Mesh/VPN”,
a managed gateway solution providing best-in-class security,
“IP Data Blocker”, prevents data transmission to unauthorized IP
addresses; “Rogue Device Manager”, issues alerts to the IT staff when any
device is added to the LAN and “HotSpot Plus”, a robust wireless solution with four segregated
wireless networks.The suite also includes Vulnerability Scans that proactively identify weaknesses with an
all-inclusive assessment and are Approved Scanning Vendor (ASV) program
compliant; internal and external scans available; the “SAQuick” Questionnaire which lets merchants easily complete the
Self-Assessment Questionnaire and Attestation of Compliance required by
the PCI DSS with an automated, online questionnaire and the “TrustVault Certificate” that covers up to $50,000 in direct breach
related expenses.

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SINO PAY GPP

Sino Payments is embarking on the ecommerce processing business across
Asia, offering online merchants its “Sino Pay GPP Point of Sale IP” card
processing service. In addition to providing the solution to physical
merchants for POS IP processing, Sino Payments is marketing toward
online gaming companies and merchants with the ecommerce processing.
NV-based Sino Payments has offices in Hong Kong and designed the
“SinoPay GPP” to convert transaction processing systems from antiquated
dial up POS systems to modern IP transaction processes, ultimately to
reduce credit and debit card transaction processing times by half at
checkout.

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TJX Settles with State AGs Over 2006 Breach

Donating $2.5 million to establish a new Data Security Fund to allow
states to advance effective data security and technology, TJX Companies
have settled with a multi-state group of 41 Attorneys General to resolve
investigations of the criminal intrusion into the Organization’s
computer system announced over two years ago. Maintaining no violation
of consumer protection or data security laws were committed, TJX
representatives disclosed the settlement was made to avoid distraction
and promote cyber security measures. Additional stipulations under the
settlement require TJX provide a settlement amount of $7.25 million to
cover expenses related to the States’ investigations; certify its
computer system meets detailed data security requirements specified by
the States; and to encourage the development of security technologies.
The TJX Companies operates 882 T.J. Maxx, 811 Marshalls, 322 HomeGoods,
and 141 A.J. Wright stores in the USA.

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MerchantWARE Mobile POS App is Released

Card processing solution provider Merchant Warehouse has released the “MerchantWARE” mobile POS application.
MerchantWARE Mobile runs on BlackBerry’s Pearl, Storm, Curve or Bold and
offers the enhanced capability to use a highly secure Bluetooth card
swipe device that brings ease of use, lower processing costs and
security to “on the go” businesses. This free application is now
available for download on Merchant Warehouse’s MerchantWARE Mobile
BlackBerry Page and soon will be available on BlackBerry App World.
Features of MerchantWARE Mobile for the BlackBerry include secure transactions in real time, including sales, refunds and voids;
lower Interchange costs by swiping with Bluetooth card reader; detailed transaction reporting; no additional gateway or cellular access fees;
email receipts for merchant and customer; encrypted and secure SSL connections for safely transmitting
customer information; complies with PCI DSS/PABP; automatic end of day batch processing and access to the MerchantWARE Virtual Terminal enabling users to
process transactions through the same merchant account from any web
connected computer.
Whether credit card information is swiped or keyed-in to the BlackBerry
device, all data is stored on Merchant Warehouse’s secure servers, not
the mobile device.

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Green Dot Selects the Aveksa Solution

Prepaid product provider Green Dot has selected PCI DSS compliance
provider Aveska and will implement the
“Aveksa Access Enterprise Governance Platform” to more
efficiently govern employee access to sensitive corporate information
and to achieve sustainable access risk management and compliance with
industry regulations. The “Aveksa Access Governance Platform” is the
industry’s first
comprehensive solution for access governance, risk and compliance
management. It is comprised of the Aveksa Compliance Manager, which
automates the monitoring, reporting, certification and remediation of
user entitlements; the “Aveksa Role Manager”, which enables role
discovery, modeling and maintenance; and the “Aveksa Access Request” and
“Change Manager”, which combines a business-centric interface and an
automated, streamlined request process with policy controls to ensure
that access is appropriate.

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