U.S. Bank Launches Healthcare Payment Tools

U.S. Bank has launched the “Healthcare Payment Management Essentials” payment tool.
“HPM Essentials” is based on U.S. Bank’s
“Healthcare Payment Management” program, but it is tailored to the unique
needs of the private practitioner. Users can accept and track payments
via credit card, debit card, check or cash and select additional
functionality to meet the specific requirements of the facility, such as
real-time insurance eligibility verification, out-of-pocket payment
estimation, and payment plans. “Healthcare Payment Management” is currently used by more than 8,200
healthcare professionals at 1,300 outlets nationwide and was recently
peer reviewed by the Healthcare Financial Management Association and can
be seen at the HFMA’s annual conference, ANI, in June.

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NCR to Move its Headquarters to GA in July

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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More Credit Card ABS Goes Under the Microscope

Moody’s has placed on review for possible downgrade 36 classes of asset-backed securities of the “Discover Card Execution Note Trust,” “DiscoverSeries” and the “Discover Card Master Trust.” The review of the asset-backed ratings is driven by deterioration in some of the Trust’s key collateral performance metrics as well as June 1, 2009
downgrade of Discover, the seller/servicer of the Trust. The
annualized gross charge-off rate reached a record-high 9.11% in April
2009 and the delinquency rate was 5.55%, much higher than 4.10% a year ago. The Trust’s average principal payment rate has fallen to about 16.5% from 18.8% a year ago. Meanwhile, Fitch Ratings has downgraded the ratings on the senior notes and has also placed the subordinate notes and cash collateral accounts issued by “1st Financial Credit Card Master Note Trust,” “1st Financial Credit Card Master Note Trust II” and “1st Financial Credit Card Master Note Trust III” on “Rating Watch Negative.”
The rating actions are a result of weaker than expected actual charge-off and delinquency rates reported on all three trusts since the beginning of the year.

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CU24 and Acculynk Introduce PaySecure I-PIN

Credit Union 24 ATM/POS network and Acculynk Technology have inked agreements to launch the “PaySecure” Internet PIN debit service. The service will be made available to its member credit unions in response to a Javelin Strategy & Research study concluding 78% of those surveyed agreed PIN entry on the PaySecure PIN-pad is as simple as PIN entry at the ATM/POS terminal while 48% would conduct more internet purchases if conducted through “PaySecure”. The internet PIN Debit service offers software-only service for PIN debit payments on the Internet through a graphical PIN-pad at internet merchant checkouts using no hardware devices, passwords, enrollment or website redirection. Solely devoted to credit unions, Credit Union 24 is credit union-owned providing customers locations across the country while Acculynk technology provider specializes in software-only services to promote secure online transactions.

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Plastic Jungle Boosts Gift Card Buy Rates

Plastic Jungle gift card exchange has restructured its rate plan to
increase reimbursement by 5% for unused gift cards. The new structure
ensures consumers exchanging gift cards with at least a $25 balance at
Plastic Jungle receive up to 85% of the card value. The list of accepted
gift cards and corresponding rates can be seen at
http://www.plasticjungle.com/pub/quickcash. Plastic Jungle gift card
exchange was established to save consumers money by selling unwanted
gift cards for cash or exchange and guarantees all transactions with
gift card replacement protection.

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Mercator Advisory Adds Managing Director

Mercator Advisory Group has appointed Ian Rubin, previously with Financial Research Corporation,
to VP/managing director of the custom research and consulting group. Rubin brings over a decade of global financial services consulting and
market research experience to Mercator Advisory Group. As senior vice president of Financial Research Corporation’s asset
management research and consulting business, he was responsible for
overseeing research programs, bringing new services to market, and
developing and managing long-term client relationships. Prior to his position with Financial Research Corporation, Rubin was a
founding member of Financial Insights, a subsidiary of technology market
research firm IDC, where he led its consulting practice. Prior to
joining Financial Insights, Ian was the founding director of IDC’s
online financial services research group. Rubin earned a master of business administration from Columbia Business
School and a bachelor of arts in economics from Brandeis University.

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WEBCOLLECT

China-based DHgate.com online wholesale buying & trading platform and
GlobalCollect e-payment service provider have teamed to offer preferred
payment options around the world. With this development, DHgate.com will
provide its customers access to GlobalCollect’s “WebCollect” interface
to complete bank transfers in real-time, conduct cash bill payments
through Western Union and utilize eWallet transactions to and fro
anywhere in the world. On the macro level, the partnership has potential
to boost conversion rates given the increased access to China’s
low-priced wholesalers. DHgate.com connects 1.4 million worldwide buyers
with more than 300,000 wholesalers/manufacturers in China with over 20
million product listings at any one time to generate annual transaction
volumes of over USD$200 million. Meanwhile, the GlobalCollect PSP
“WebCollect” can process transactions in 28 languages in over 200
countries.

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CELLTRUST AUSTRALIA

CellTrust has commenced operations with Sydney-based CellTrust Australia
to provide SMS and mobile marketing across Australia and New Zealand.
With the CellTrust “SecureSMS” Gateway, local businesses can exchange
information with customers using mobile devices for advanced delivery,
reading, and receipt confirmation and are guaranteed end-to-end privacy.
Additional features include indication when sent items are received and
opened by the recipient, increased character limit to 5000, remote wipe
functionality if device is ever lost, 2D barcodes, mobile banking and
mobile payments. CellTrust secure mobile messaging and applications are
available in 218 countries through over 700 different carriers.

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SAMA & OPTELIO

The Saudi Arabian Monetary Agency has certified the Gemalto
“Optelio” bank card as compliant. The “Optelio” debit card hosts the
Saudi Payments Network (SPAN) application and is compatible with
GlobalPlatform specifications, the Visa Electron and the Debit
MasterCard and Maestro Card requirements. Gemalto will complete existing
Multos offers for the Saudi Arabian banking market, which has a total of
10 million debit cards in circulation, to support local financial
institutions in EMV migration and allowing Visa’s VSDC or MasterCard’s
M/Chip applications delivered on the same product. Gemalto digital
security had 2008 annual revenues of EUR1.68 billion, employs 10,000
with operatioins in 40 countries.

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ELAVON DCC

Elavon global card acquirer has enhanced its proprietary international
processing platform, which allows merchants to authorize in 89
currencies, settle in 16 and convert in up to 48, along with access to
cross-border and Dynamic Currency Conversion (DCC) capabilities. With
the enhancements, Elavon has announced its expansion into Germany where
the organization will offer DCC in more than 25 currencies. Managing the
entire conversion process from direct treasury exchange rates,
transaction processing, back-end reconciliation, settlement and funding,
Elavon ensures accurate, market-driven, currency transactions which are
updated daily. Elavon’s Global Acquiring Solutions, subsidiary of U.S.
Bancorp, provides end-to-end payment processing services such as credit
and debit card processing, electronic cheque services, gift cards,
dynamic currency conversion, multi-currency support, and cross-border
acquiring to meet the needs of merchants.

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