Mobile Phone Skins to Embed Payment Chips

A TN-based firm has developed mobile phone skinning technology that has a contactless payment chip embedded. Mobile Payment Skins says its new “PHOOLAH” technology will be available this fall. With the new product cardholders have the ability to select their phone model and select their specific graphical artwork to order their own mobile skin that fits them the best. Their specific skin is then printed and fabricated on-demand and sent to them. When the card holder receives the vinyl skin, it is pealed from its backing and “wrapped” onto their mobile phone. The skin is embedded with a contactless payment chip. The personalization of phone skins is not new as companies such as Skinit, Mytego, Unique Skins, and others have been making on-demand personalized
vinyl mobile phone wraps for a few years. MPS is simply adding some payment functionality to these inexpensive skins.

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S&P Downgrades iPayment After Credit Rating

iPayment, Inc. announced financial results for the three months ended March 31, 2009. Revenues decreased to $170,053,000 for the first quarter of 2009 from $185,455,000 for the first quarter of 2008. Revenues, net of interchange, were $73,143,000 for the first quarter of 2009 compared with $77,074,000 for the first quarter of 2008. Net loss was $210,000 for the first quarter of 2009 compared to net income of $1,331,000 for the same period last year. The Company today will file its Form 10-Q for the three months ended March 31, 2009, with the Securities and Exchange Commission.

iPayment, Inc. is a provider of credit and debit card-based payment processing services to approximately 145,000 small merchants across the United States. iPayment’s payment processing services enable merchants to process both traditional card-present, or “swipe,” transactions, as well as card-not-present transactions, including transactions over the internet or by mail, fax or telephone.

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nFinanSe – Fully-Licensed Money Transmitter

Prepaid card specialist nFinanSe has successfully completed its efforts to become fully-licensed “Money Transmitter” in connection with the sale and reloading of the Company’s Reloadable Prepaid Cards at major retail chain stores. The Company is now licensed in the District of Columbia and forty-one states requiring licensure in order to sell and reload reloadable prepaid cards. Seven states do not require such licensure and the Company has elected to not offer its “nFinanSe Discover Network Reloadable Prepaid Card” in the states of Hawaii and Vermont. nFinanSe cards are issued by Palm Desert National Bank and First National Bank in Pipestone, MN.

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Canadian Wireless Operators Launch Zoompass

Canada’s three top wireless operators have banded together to launch a new money transfer and payment service. “Zoompass” has been introduced via EnStream, a joint venture owned by Bell Mobility, Rogers and TELUS. The new service is also available to mobile users of their respective sub-brands and affiliates including Fido, PC Mobile, and Solo Mobile. Customers can access “Zoompass” on their computer via the
Internet, from the mobile web, or by downloading the “Zoompass” application right to their wireless phone. During the registration
process, users must choose a PIN to be used for each transaction. Customers may also select to link their personal bank account or credit card to make loading and transferring money. Another unique feature of the service is the ability for customers to make secure purchases in stores and on the Internet using the balance in their “Zoompass” account with the optional “Zoompass Prepaid MasterCard,” issued by Peoples Trust. The new MasterCard is enabled with MasterCard’s “PayPass” contactless technology.

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Experian Launches Three Biz Credit Scores

Experian has introduced three predictive credit score products to assist in risk analytics.
Experian’s “Small Business Credit Share” is a cooperative database that
enables clients across multiple industries to contribute more detailed
commercial payment information than is typically provided. In exchange,
members receive exclusive access to unique account data from financial
and nonfinancial trade contributors. The portfolio risk scores provide
greater insight into financial portfolios, enabling program members to
maximize existing account relationships and reduce the costs associated
with manual review of marginal accounts. The “Small Business Credit Share Portfolio Risk Scores” provide
three model options to maximize portfolio performance which includes: All financial score that identifies businesses that are likely to go
delinquent on a financial account within the next 12 months; Commercial credit card score that identifies businesses that are
likely to go 90 days delinquent on a commercial credit card account at
least once as well as an account that will go 60 days delinquent two or
more times within the next 12 months and Retail credit card score, designed with the same
parameters as the Commercial Credit Card Score but is focused
specifically on commercial retail card accounts.

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nuBridges Builds a New Marketing Team

Atlanta-based eBusiness security provider nuBridges has hired David
Sutton, previously with IBM, as VP of Marketing and Jaime Davenport,
previously with Nexidia, as Director of Marketing. Sutton
will drive nuBridges’ global branding initiative. Davenport has over
20 years of enterprise software marketing experience, she is responsible
for expanding nuBridges’ demand-generation programs, including web-based
and live events. nuBridges provides secure
eBusiness solutions to encrypt millions of credit cards, exchange
billions of dollars in B2B transactions and enable countless
business-critical file transfers.

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GLOBALPLATFORM TRAINING

Offering smart card deployment education, GlobalPlatform is set to host
a one day card specifications technology training session in the Grand
Hyatt Hotel, San Francisco on Wednesday July, 22. Overseen by
GlobalPlatform’s Technical Director, the smart card development
organization hopes to enlighten US delegates, providing an overview of
its specifications, ‘core’ card specifications training and information
on forthcoming technical releases. Additionally addressed will be
educational items including the “GlobalPlatform UICC Configuration”
technical guide on common and neutral environments for deployment and
“Amendment C to Card Specification v2.2”. GlobalPlatform member driven
association has deployed an estimated 305.7 million smart cards globally
for over-the-air (OTA) application downloads on 3G and GSM mobile networks.

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Norway’s BBS Acquires Two Ingenico Units

Norway-based BBS has acquired Sagem Denmark and Manison Finland from Ingenico. The two firms generated at total of $54 million in annual revenues. As part of the deal BBS will distribute Ingenico’s “Telium”- based terminals in the Nordic region. BBS is owned by Nordic banks and offers a wide range of payment services. BBS has annual revenues of about $264 million. Ingenico notes that the disposal of these two companies acquired is part of the transaction of Sagem Monetel. The closing of the transaction should take place in the next 60 days.

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BBS & INGENICO

Norway-based BBS has acquired Sagem Denmark and Manison Finland from Ingenico. The two firms generated a total of 39.1 million euros in annual revenues. As part of the deal BBS will distribute Ingenico’s “Telium”- based terminals in the Nordic region. BBS is owned by Nordic banks and offers a wide range of payment services. BBS has annual revenues of about 1.7 billion NOK. Ingenico notes that the disposal of these two companies acquired is part of the transaction of Sagem Monetel. The closing of the transaction should take place in the next 60 days.

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CYBER-ARK SURVEY

The 2009 3rd annual Cyber-Ark “Trust, Security & Passwords” survey of
more than 400 IT professionals has found 35% of IT workers now access
corporate information without authorization, a 2% increase over the year
ago period. Concerning mostly enterprise class companies in the US and
UK, additional findings show 74% could circumvent security controls
currently in place; 20% of companies have experienced insider IT
security fraud, of which 36% suspect their competitors to have gained;
71% of respondents oversee privileged accounts which are partially
monitored; 35% of IT administrators admitted using administration rights
to access confidential information such as HR records, customer
databases, M&A plans, layoff lists and marketing information. With the
depletion of the economy, Cyber-Ark also saw an increased interest in
appropriate information between 2008 and 2009, such as M&A Plans with 7%
and 47%, respectively; R&D Plans with 13% and 46%, respectively; CEO
Passwords with 11% and 46%, respectively; Financial Reports with 11% and
46%, respectively; Privileged Password List with 31% and 42%,
respectively; and Customer Database with 35% and 47%, respectively. The
full report can be seen at;
http://www.cyber-ark.com/pdf/Cyber-Ark_Spring_2009_Snooping_Survey.pdf .

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UK ABS

Moody Investors Service is assessing the possible credit impact of
certain trust provisions in UK credit card master trust transactions. In
doing so, Moody’s is focusing on transaction documents of UK credit card
master trusts; assessing practical ability for receivables generated by
an insolvent originator; and evaluating the extent to which these
provisions may negatively affect credit card master trust transactions
where such provisions exist. In evaluating provisions, the investor
services firm seeks to establish whether the provisions may result in
exposure of the noteholders to the risk the master trust may be exposed
to a fully declining pool on the basis that future receivables may no
longer be assigned to the master trust and exposure of the Noteholders
to the risk that the market value of the securitized assets may be
insufficient to fully repay the Notes.

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