CyKash Captures Online Gaming Payments

CyKash prepaid cards and virtual currency has introduced its “CyKash
Game Card” multi online game card. Targeting a consumer base of over 200
million users who play online games requiring subscriptions or
micro-payments, the “CyKash Game Card” is designed to provide users with
a secure, PIN-protected, easy payment solution for online virtual items
and subscriptions. Available at thousands of retail stores, the card
charges no hidden fees, requires no personal registration and does not
spend the entire value on one game unless the gamer chooses to do so,
offering ultimate consumer control. It can be used for redemption for
online games from such publishers K2 Network, Aeria Games, NHN USA, and
NDoors Interactive. CA-based CyKash was founded in March of 2008 to
provide gamers a secure online game payment experience.

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NCR HQ

NCR is moving its headquarters from Ohio to Georgia to establish a single innovation hub and the expansion of manufacturing facilities. Approximately 1,250 additional jobs will be created at NCR’s existing facility in Duluth, GA and 870 jobs will be created at a new Columbus, GA site. The Duluth facility will centralize business strategy, technology development and support functions into a single U.S. campus from several offices, including NCR’s current OH worldwide headquarters. NCR’s operations in Dayton, OH will continue to include its data center and support for local customers. The new Columbus site will be used to manufacture advanced ATMs. NCR is to begin recruiting immediately for its manufacturing plant. The City of Columbus will use stimulus funding, provided by the Economic Development Authority, to purchase the building for the plant, which will be leased back by NCR. The headquarters centralization will begin in July.

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ICMA Green Summit II Slated for Sept

The International Card Manufacturers Association will hold its “Green
Summit II” September 16, 2009 in Schaumburg, Illinois.
Following the success of last year’s Green Summit, the association
formed a Green Task Force to continue the discussion on environmental
issues affecting the card manufacturing industry. The Task Force is comprised of card manufacturing
professionals from around the world who aim to develop an
industry-specific system of eco-labeling by the end of 2009. Several
Task Force meetings have already been held in Europe and the U.S.
The Green Summit II will provide attendees with techniques needed to
reduce their carbon footprint and ultimately reduce operational costs.
Topics will include the carbon footprint of cards, authentic
sustainability, recycling solutions, energy efficiency and secondary
packaging. Attendees will also have the opportunity to hear from a card
manufacturers panel featuring speakers from Travel Tags, Oberthur,
Plantaplast, PSA and Arthur Blank and Company (ABN).

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HSBC & VASCO

VASCO Data Security International and HSBC Bank Brazil
have partnered to deploy integrated m-banking services for retail
customers thanks to the VASCO “DIGIPASS for Mobile”. Requiring no
additional device hardware, the “DIGIPASS for Mobile” solution allows
HSBC Bank Brazil to offer customers the fully integrated virtual
m-banking services for typical banking services, including transactions
and payments. Using a one time password generator, verified by VACMAN
authentication software using the customer’s social security number, the
solution allows financial institutions to quickly institute m-banking
services. HSBC Group is present in 86 countries while the HSBC Direct
virtual bank allows customers to select channels most convenient to
them. VASCO Internet Security provides its services to 8,500 companies
in more than 100 countries.

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PIN and Sig 09 Debit Card Growth Remains Robust

A new study forecasts a 7% growth each for PIN and signature debit this year. Issuers surveyed experienced debit transaction growth of 8% in the second half of 2008, composed of 15% growth in PIN debit transactions and 4% growth in signature debit. The “2009 Debit Issuer Study,” commissioned by Discover’s PULSE also found that PIN debit accounted for 35% of debit transactions last year, up slightly from 34.2% in 2007. The average debit transaction value was $42 for PIN debit and $37 for signature. Both figures have declined by roughly $1 compared to the previous study. In addition, active debit cardholders performed 17.3 point-of-sale transactions per month, on average, compared to 16.6 transactions per month in the 2008 survey. PIN POS losses, as measured in dollars per card per year, fell to $0.15 from $0.19. Similarly, ATM losses declined to $0.56 per card per year from $0.61, and signature debit loss rates fell to $1.81 from $1.92. Additionally, PULSE found that 53% participate in a surcharge-free ATM network, down slightly from 56% in 2007. And 43% offer ATM surcharge reimbursements to at least some cardholders.

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CMBC-CEA CARD

China Minsheng Bank and China Eastern Airlines have introduced the
JCB-branded “CMBC – CEA Credit Card”. The new co-branded cards,
available in standard, gold, and platinum, enables cardholders access to
JCB global network and services, for an international card that earns
China Eastern Airlines miles when used to purchase air tickets. The
“CMBC – CEA Credit Card” is the first JCB-branded platinum card to be
issued in China. As of June 1st, seven banks (Bank of China, Bank of
Shanghai, China Everbright Bank, China Merchants Bank, Shanghai Pudong
Development Bank, China Minsheng Banking and Ping An Bank) have
already launched JCB brand credit card issuing programs and the
cardholder base is more than two million in the country. In total, JCB has
alliances with eleven partner banks and financial institutions for
merchant acquiring and approximately 80,000 merchants now accept JCB cards.

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Reloadable Prepaid Card Pricing War Breaks Out

Tampa-based nFinanSe, an issuer of reloadable Discover prepaid cards,
has taken on Walmart’s reloadable Visa prepaid cards. The Company announced it will cut the price of its card from $5.95 to $3.00, effective July 1st. Walmart announced in February it was dropping the
fees for its reloadable “Walmart MoneyCard” to $3.00. nFinanSe says it
will continue to offer its reloadable cards through major retailers with
a $2.95 monthly maintenance fee and $2.95 reload fee, plus free customer
service and direct deposit. Walmart’s reloadable Visa program charges a
$3.00 charge for reloads and a $3.00 monthly fee. However, if customers
reload with direct deposit or after cashing their paychecks at Walmart,
there is no reload fee. If Walmart customers load at least $1,000 per
month, the $3.00 monthly fee is waived. nFinanSe’s “Discover Reloadable
Prepaid Cards” are currently available at approximately 10,000 retail
stores nationwide including Dollar General, Winn-Dixie and Mapco Express
Convenience Stores. The “Walmart MoneyCard” is issued by GE Money Bank
and can also be recharged at tens of thousands of Green Dot retailer
locations. Analysts predict a doubling of the reloadable prepaid
marketplace from $7 billion currently to $14 billion in 2011, driven by
greater penetration of the unbanked/underbanked population. (CF Library
2/18/09)

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ONTOUCH

GuestLogix, a retail solutions processor in the passenger travel industry
has unveiled its “OnTouch” global merchandising service to offer
convenient tickets and shopping, among other retail items, for airline
travelers. Generating new revenue streams for airlines and additional
income for flight attendants, the GuestLogix’ “OnTouch” is powered by
the “Mobile Virtual Store” onboard transaction platform, offers
in-flight merchandising and is available through 5 different programs.
These programs include the “OnTouch Box Office” offering in-flight
offerings of theatre, concert, theme park and attractions tickets
purchased in the air; “OnTouch Ground Connections” offering airport
transfers via taxi, bus, train, limo and more for a destination city;
“OnTouch Shopping & More” offering passengers catalogue sales with home
and/or destination delivery; “OnTouch Minutes on the Go” for prepaid
phone cards, phone top-ups, rentals, and web connections; and “OnTouch
Concierge Everywhere” providing consumer’s personal itinerary management
and destination-based travel updates through mobile SMS/email. Through
its onboard transaction platform, GuestLogix onboard transaction is
contracted to serve over 90% of the North American passenger trips and
50% of the European trips, including seven of the top 10 global airlines.

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PAB & JCB

Ping An Bank has become the seventh bank in China to issue JCB cards. The new “Ping An Bank BE@RBRICK JCB Card” offers five card designs featuring BE@RBRICK, a bear-shaped block-type figure, popular among collectors in Japan and China’s metropolitan youth. It is the first international credit card in the world to feature “BE@RBRICK.” The card offers original “BE@RBRICK” rewards for points earned with the card. Currently in China, JCB has alliances with eleven partner banks
and financial institutions for merchant acquiring, and approximately 80,000 merchants now accept JCB cards. In addition to Ping An Bank, Bank of China, Bank of Shanghai, China Everbright Bank, China Merchants Bank, Shanghai Pudong Development Bank and China Minsheng Banking have already launched JCB brand credit card issuing programs, and the cardmember base is more than two million in the country. JCB cards are now issued in 19 countries and territories, with more than 60.2 million cardmembers.

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Primera Technology Begins Shipping PX450

MN-based Primera Technology is shipping the PX450 Color Printer for use
at retail POS and point-of-issue.
The “PX450” is ideal for printing coupons,
receipts, tickets, name badges, wristbands and other types of
narrow-format output. Print times are among the fastest of any
full-color POS printer, producing a typical 4” x 2.5”
coupon in just five seconds. A built-in guillotine cutter allows forms
of any length to be printed,
cut and dispensed with clean, finished edges instead of perforations.
Full-color printing can add significant impact to printed output. A
recent study indicated that consumer redemption rates of coupons printed
in color were up to 25% higher than coupons printed in black and white.

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WU/USAID ADM

The US Agency for International Development (USAID) and Western Union
global payments network have launched the “African Diaspora Marketplace”
(ADM) to support U.S.-based African Diaspora for sustainable start-up
businesses in Sub-Saharan Africa. Candidates are required to be a member
of the Sub-Saharan African Diaspora living in the United States as a
U.S. citizen/resident; have a local partner in the country of
implementation; and submit grant funding requests of no more than
US$100,000 and no less than US$50,000. In the hopes of demonstrating the
impact entrepreneurs from Diaspora/migrant communities can have on
development in their home countries, WU & USAID aim to provide grant
funding to 10-20 small-and-medium businesses with the strongest
proposals for boosting economic opportunity and job creation in the
African region. Finalists will be chosen by a selection committee,
attend a 2-day networking conference in Washington, D.C. to present
completed business plans before a panel for the selection of the 10-20
grant-entitled entrepreneurs. The winners will be announced in December.
Western Union global money transfer services operates a network of
379,000 Agent locations in 200 countries and territories.

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VeriFone Generates a Profit as Revenues Fall

VeriFone posted a 14% decrease in first calendar quarter on revenues of $201.6 million, driven by a 17% decrease in the Company’s North American business. However, the terminal manufacturer posted a net profit for the quarter of $18.6 million, compared to a net loss of $18.0 million for 1Q/08. VeriFone says the revenue results continued to be challenged by the difficult global economic environment. During the quarter, Mocapay and VeriFone rolled-out a mobile payment and marketing system; signed a $10 million contract to be a premier payment solutions supplier to Moneris Solution; and recently introduced the “QX1000” plug-and-play solution for POS contactless acceptance. VeriFone expects to report net revenues that are relatively flat to the next quarter results of $202 million. For its full year of fiscal 2009, the Company expects net revenues to be in the range of $810 million to $830 million. VeriFone notes that it is still too early to predict when its revenue will rebound, but the Company remains confident of its earnings and cash generation capabilities. For complete details on VeriFone’s latest results visit CardData ([www.carddata.com](http://www.carddata.com)). (CF Library 1/7/09; 1/9/09; 3/2/09; 5/18/09)

REVENUE HISTORICAL
1Q/06: $142.2 million
2Q/06: $147.6 million
3Q/06: $156.6 million
4Q/06: $216.6 million
1Q/07: $217.2 million
2Q/07: $231.7 million
3Q/07: $237.9 million
4Q/07: $185.5 million
1Q/08: $233.0 million
2Q/08: $258.7 million
3Q/08: $244.7 million
4Q/08: $214.0 million
1Q/09: $201.6 million
Source: CardData (www.carddata.com)

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