NCR’s 2ST is Ready for Prime Time

NCR has completed the market building phase of the the 2ST thermal print
technology IP licensing program.
Companies that enter into a 2ST printer IP
license by December 1, 2009 will receive more favorable terms. After
that date,
2ST printer IP licenses will be offered on significantly higher terms,
if they are offered at all. New 2009 2ST printer installations
are on track to more than double the current installed base. In
addition, new products and applications are being developed for
two-sided thermal printing including 2ST label printers, which allow
businesses to maximize the real estate on their shipping labels and
reduce the number of shipping documents that need to be printed.

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tekservePOS and Squirrel Systems Partner

Squirrel Systems has appointed tekservePOS its authorized POS hardware,
software and services provider for the Illinois hospitality industry. In
addition, tekservePOS will provide Squirrel Systems its 24 / 7 help desk
support for its software / hardware platforms, repair/maintenance
services and on-site and installation. Squirrel Systems full-service POS
solutions in the foodservice and hospitality industry was established in
1984 while tekservePOS IT solutions aims to help merchants consolidate
vendors and reduce costs with its IT solutions in the Hospitality,
Retail, Convenience and Grocery industries. Additionally, tekservePOS’
recently introduced “tekRETAIL” Suite offers customers 24/7 Help Desk
Support and partnerships with top hardware providers.

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ACS Wins an Award for OK Benefits MC

The Oklahoma Department of Human Services and Affiliated Computer
Services have won a “2009 Quality Award” for their debit MasterCard
program for state benefits. The Quality Award recognizes OKDHS
projects that best serve the citizens of Oklahoma. ACS is an operational
partner to OKDHS by administering its electronic
payment card program that provides state benefits to citizens on a debit
MasterCard. OKDHS’ team contacted Oklahomans who are recipients of the
State
Supplemental program to make them aware of their available benefits and
help them receive the funds. The eight-week program reached
out to approximately 800 clients, connecting them with more than
$425,000 in benefits. ACS assisted by providing no-cost services and the
information necessary to help the state make the funds quickly
available. ACS serves
as an operational partner to more than 1,700 government agencies on the
federal, state, county and local level. ACS manages 22 electronic
payment card programs for state and federal clients, disbursing
government payments and benefits.

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Maverick Network Solutions Adds 2 Execs

Prepaid program provider Maverick Network Solutions has hired Barbara
Hvasta, previously with First Bank, as VP of Product Management and Jill
Boova, previously with SynapQuest, as VP, Client Relations. Hvasta
served as vice president/general manager
for First Bank’s prepaid card program in Nashville, TN. She has an
extensive background in loyalty, rewards, and co-brand programs, having
headed MasterCard’s international loyalty rewards consulting and
co-branding team as well as serving as vice president of co-branding for
Visa. Hvasta also held senior management positions at US Bank Voyager
Fleet Systems and Dell, Inc. Boova adds financial and credit card
processing experience to Maverick,
having served as vice president of program support for SynapQuest, LP, a
subsidiary of Corestates Financial, after which Boova became a
consultant for the Personal Financial Services division of Wilmington
Trust, where she was instrumental in launching the bank’s on-line
personal deposit products.

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PLAY.COM PLAYPOINTS

Offering users competitive rates and rewards, Play.com online UK
retailer, along with MBNA Europe, has launched its new PLAY.com / MBNA
credit card in an effort to attract business and generate loyalty. The
multi-layered rewards scheme offers cardholders one ‘PlayPoint’ for
every GBP spent and two ‘PlayPoints’ for every GBP spent on any of
PLAY.com’s 8 million products. Additionally, 1,500 bonus ‘PlayPoints’
will be rewarded upon the cardholders first purchase, which can be
redeemed for a GBP15 Voucher, while the reward points can also be
redeemed for all
purchases at PLAY.com. The PLAY.com card has an interest free purchase
period of 9 months (compared with the industry standard of 3 months),
has an APR of 15.9%, offers a low introductory balance transfer fee,
online banking and standard fraud protection.

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Online Card Marketing Revenues Collapse

Websites marketing credit cards for a bounty per approved account have been taking it on the chin this year as more issuers pull the plug on Internet marketing or tighten underwriting standards. The average number of paid offers has declined by 50% over the past twelve months with revenues declining by an estimated 65%. According to
CardWatch the average number of paid credit card offers appearing on the
top card marketing sites in May was 38, compared to more than 70
one-year ago and as many as 188 in 2007. In addition to suspending paid
online marketing for credit cards, some issuers have insisted that their
non-bounty paying cards be removed from consumer-related credit card sites. With the exception of CardTrak, which currently offers consumers 447 credit card offers, the card choice for consumers is limited to paid
offers. However, [CardTrak.com](http://CardTrak.com) reports that U.S. Bank, Barclays, Chase, and
Capital One have asked that all non-paying cards be removed too. Bank of
America has stopped advertising online totally. Chase and Capital One have pulled advertising back and will not approve any new Websites. One year ago creditcards.com pulled the plug on its $100 million+ IPO in the wake of a tough public market and deteriorating marketing conditions. (CF Library 6/3/09)

TOP CREDIT CARD SITES
(Number of Paid Offers)

bankrate.com 55
creditcardguide.com 48
cardtrak.com 47
credit.com 43
cardratings.com 41
lowcards.com 40
creditcards.com 37
credit-land.com 31
creditcardcity.com 21
creditcardmenu.com 19
Source: CardWatch (www.cardwatch.com)

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CREDIT CARD PLUS

Co-operative Bank is launching its family travel and lifestyle benefit
package for its credit card products allowing customers to choose
benefits of their liking. Available for a monthly subscription of
GBP 8.50, customers are given such core benefits as worldwide travel
insurance; mobile phone insurance; worldwide insurance for a digital
camera; camcorder and three iPods; 20% off home insurance provided by
The Co-operative Insurance; 40% off a family holiday; and 20% off a
family ticket to the London Aquarium. Additionally, subscribers are
allowed to add one of the following; “Option 1: Gadget Insurance” for MP3, cameras, laptops, camcorders, SatNav and portable DVD players and games consoles etc. worth up to GBP 179.98; “Option 2: Safeguard” against ID theft and resolution package (key recovery service and handbag & contents insurance); and “Option 3: Traveller” providing four free airport lounge passes per year, “Airport Angel” annual membership, a passport and luggage recovery service worth up to GBP 129.50. The
Co-operative Financial Services is part of The Co-operative Group, has
5.5 million customers, employs over 8,000 staff and has GBP 38billion assets under management.

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USA Technology Ships the ePort EDGE

Cashless solution provider USA Technologies is now shipping the “ePort
EDGE” all-in-one device with faster credit and debit card
authentication. The “EDGE,” which is priced at $199, is equipped with
enhanced features including an “Over-the-Air Update” capability that
allows changes to be made to codes and encryption remotely, by wireless,
overcoming the need of visiting each terminal to make the changes. USA
Technologies also offers the “ePort G8” which accepts payment via
contactless cards, NFC enabled cell phones and key fobs. Earlier this
month the Company announced the availability of “ePort SDK”, a software
version of its “ePort” cashless transaction technology that includes
enhanced security features. The software-based “ePort SDK” is designed
for applications in which a customer’s unattended point of sale solution
has computing power ‘built in’ – overcoming the need for a standard
ePort terminal. The Company’s “ePort,” “eSuds” and other payment devices
are installed in approximately 48,000 locations across the U.S. and
Canada. (CF Library 5/13/09)

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SCOTIABANK 1Q/09

Scotiabank reported a net income of $872 million for the first calendar quarter, down $108 million
by 11% compared with 4Q08. Quarter over quarter, however, net income
increased $30 million by 4% with a provision for credit losses of $489
million. This is an increase of $336 million from the same period last
year and is a $208 million increase since 1Q09. The bank reported a
funded commit- exposure to credit card/consumer receivables of $125
million with allowance for net credit losses on credit cards of $154
million. Scotiabank’s unaudited consolidated balance sheet reflects
personal loans and credit cards total $52,847,000,000 while gross
allowance is $965,000,000. In March, Scotiabank introduced its new
“Scotia Momentum” VISA offering cardholders 2% cash back on purchases
and recurring payments.
Scotiabank employs over 69,000 serving 12.8 million customers in nearly
50 countries and has generated over $509 billion in assets.

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BANCA CARIGE & DIEBOLD

Banca Carige has signed agreements with Diebold for the deployment of
Diebold “Agilis” software and “Opteva” ATMs at its “BancaCONTINUA”
branches. This will provide 250 Banca Carige ATM locations a
multichannel, multivendor platform based on Agilis software for cash
dispensers, ATM cheque book dispensers, ATM foreign currency dispensers,
ATM cash/cheque deposit units, night drop depository and self-service
information terminals. Agilis multichannel software is installed in 500
ATMs serving Banca Carige customers, which has over 1,000 outlets
throughout Italy. Meanwhile OH-based Diebold integrated self-service
delivery and security systems employs over 17,000 in nearly 90 countries.

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