Small Biz Owners Lose Confidence in May

After an encouraging rebound in April, economic confidence among small business owners declined in May as cash flow problems jumped to their highest level since August 2006. About 53% of small business owners say they plan to decrease spending on business development over the next six months, an increase over the 46% in April who said the same. The latest Discover “Small Business Watch” dropped more than 10 points to 78.1 in May, down from 88.5 in April. Approximately 49% of small business owners say they have experienced temporary cash flow issues in the past 90 days, up 10 percentage points from April. Nearly half of small business owners, or 48%, see economic conditions for their businesses getting worse, up from 40% in April. Six out of ten small business operators rate the economy as poor, up from 54% in April. Only 7% rate the economy as excellent or good, and 32% called it fair. The “Watch” is based on a national random survey of 750 small business owners.

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DIGIPASS MOBILE

VASCO Data Security has launched the “DIGIPASS for Mobile
Enterprise Security Edition”. The new Enterprise Security version of
DIGIPASS for Mobile brings banking level security to corporate
environments and provides time based
authentication. VASCO was the first to offer automatic time management
for mobile authentication. With this new version VASCO also offers a
synchronization service alongside the download service. DIGIPASS for
Mobile Enterprise Security Edition automatically synchronizes with the
time server, which makes it much more secure than an event-based
authentication. In order to facilitate authentication for frequent
travelers DIGIPASS for Mobile also offers daylight saving time changes
and automatic synchronization. Deployment and management have been simplified for use in
corporate environments, thanks to the application provisioning service.
This service powered by VASCO allows enterprise customers to efficiently
deploy two-factor authentication using the mobile phone as
authentication device without impacting the existing infrastructure.

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IPayX Expands ePayPoint Cash Receipts Service

OH-based Internet Payment Exchange has added a payroll deduction feature to its “ePayPoint Cash Receipts Service”.
The “ePayPoint Cash Receipts Service” payroll deduction feature
eliminates the excess work involved with manually creating payroll
deductions by treating these payments like cash, check or credit card
payments that can be automated at the point of service. A payroll
deduction is automatically entered into the hospital’s general ledger,
as well as into the patient accounting system. Additionally, payroll
deductions can be used as wallet accounts for setting up automatic
payment plans. Internet Payment Exchange (IPayX)
provides electronic billing and payment (EBP) technology solutions to
healthcare providers, utility companies, municipal governments and other
organizations.

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AIR CANADA CARDS

Air Canada has entered into a Memorandum
of Understanding (MOU) with one of its principal credit card processors.
The MOU provides that the level of unrestricted cash required in order to
avoid Air Canada having to provide the processor with additional cash deposits
is now reduced to $800 million. Should Air Canada maintain unrestricted cash
of more than $1.2 billion for two consecutive months, the amount of
unrestricted cash required increases to $1.1 billion. In the event that the
required level of unrestricted cash is increased, the processor will return
all security to Air Canada. Certain amendments contained in the MOU are conditional upon the parties
concluding formal documentation. In the event that such documentation is not
completed by June 15, 2009, the parties will revert to the original terms of
the credit card processing agreements.

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CARD LAMINATING

D&K Group has teamed with Spartanics to introduce a new roll laminating solution for the plastic card market. The D&K “PVC Card” laminating film simplifies PVC card manufacturing by replacing/complimenting the platen press process typically used to produce any cards excepting secure card applications. The laminating film is specifically designed to adhere to standard PVC stocks used on many print engines in the card industry. Only one operator is needed to
oversee the process due to the ease in which printed PVC sheets can be
placed into a high-speed laminating system that feeds directly into an
in-line cutter. In partnership with Spartanics, D&K Group has developed
a complete card manufacturing system utilizing today’s common print
engines, upgraded D&K Double Kote NT laminating system, and Spartanics
in-line cutter.

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FIRSTVISION

Payment processor First Data reports new customers and contract renewals
for “FirstVision”, its full-service
global issuing and consumer finance processing solution. “FirstVision”
is the new name for First Data’s strategic processing
service and builds on the proven strengths of “VisionPLUS”.
“FirstVision” brings together an advanced processing platform and a
fully integrated suite of market-leading, value-added services. It
supports all major types of payment cards as well as
loans and loyalty programmes and encompasses a rich set of value-added
services to manage risk, enhance cross-selling and drive revenue growth.
Within the past six months, Co-operative Financial Services and Vanquis
Bank have renewed major processing
contracts and First Data has successfully completed the migration of the
card portfolios of Thai consumer finance organisation, Capital OK, and
Punjab National Bank to its issuing platform in Shanghai and signed a
five-year processing agreement with Unicard SpA, the cards unit of
Unipol Banca in Italy. Other new customers signed during 2008 include
Allied Bank and Bank Alfalah in Pakistan and Kotak Mahindra in India.

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WF.com Available Free in Apple App Store

Wells Fargo has released its “Mobile Banking Service” app for iPhone and
iTouch. The service allows users to connect to their Wells Fargo
accounts by allowing customers who browse the web on their mobile phone
can go to Wells Fargo’s mobile website at WF.com and sign on to their
bank accounts to check account balances;check account activity; transfer
funds between accounts and pay a bill.

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NEOVIA CEO

Ron Martin, President & CEO of NEOVIA, will leave the Group and step
down as
a Director of the Board on 31 May 2009. Dale Johnson, Chairman of the
Board, will assume executive responsibility for the Group until a new
CEO has been appointed. The Board has commenced a process to select a
new Group Chief Executive
Officer and good progress is being made in this regard.
During the interim period until a new CEO is appointed, Dan Starr,
Executive Vice President, and Doug Terry, Chief Financial Officer, will
assist the Chairman in the day-to-day executive management of the
Group’s business. These responsibilities are in addition to their
existing roles. This is part of a broader reorganisation to focus the
Group’s efforts on meeting the current challenges facing the business.

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DERBYSOFT & TRUSTWAVE

Hospitality tech service provider DerbySoft has selected Trustwave to
provide Payment
Card Industry Data Security Standard (PCI DSS) compliance validation
services. As a payment gateway provider for hotels and the hospitality
industry,
DerbySoft has engaged Trustwave to provide guidance on securing their
payment environment and validating PCI DSS compliance. They have
enrolled in Trustwave’s on-demand compliance management solution,
TrustKeeper(R) to access the necessary tools to support on-going
compliance such as quarterly network vulnerability scans. In addition,
Trustwave will perform an internal penetration test to ensure adequate
controls are properly in place for any person with access to the
internal corporate LAN/WAN environment.

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CAPITAL Card Beefs-Up its IP Communications

SD-based CAPITAL Card Services has deployed IN-based Interactive
Intelligence’s IP communications software suite. The suite, “Customer
Interaction
Center” (CIC), replaced CAPITAL’s Mitel PBX, along with several other
telephony products, and today supports the company’s 200 contact center
agents and an additional 100 business users. Since deploying CIC,
CAPITAL has reported improved operational
performance — from faster feature roll-out and better reporting, to
improved training and client satisfaction. CAPITAL Card Services is a
servicer of MasterCard and Visa
accounts for financial and non-financial institutions nationwide. The
company serves approximately 500,000 cardholders and manages more than
$145 million in outstanding card receivables for its clients.

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UPside Visa Prepaid Card is Launched

Card issuer Plastyc has partnered with NBA star Amar’e Stoudemire to
promote the “UPside Visa Prepaid Card”, issued by Meta Bank. Consistent
with Amar’e Stoudemire’s relentless efforts to encourage his
younger followers to stay on the right track, the cards will also be
available to high-school students above the age of 13, strictly under
the control of their parents. The cards feature Stoudemire’s foundation
“Each 1 Teach 1”. The “UPside Visa Prepaid Card is a new generation of
cards with low fees and unprecedented online access through websites,
cellphones and a Facebook application.

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Merchant Warehouse Exec Cited for E&Y Award

Card processor Merchant Warehouse announced that its President Henry
Helgeson is a finalist for the for the Ernst &
Young Entrepreneur Of The Year 2009 Award. The awards program
recognizes entrepreneurs who
demonstrate extraordinary success in the areas of innovation, financial
performance and personal commitment to their businesses and communities.
Under Helgeson’s guidance, Merchant Warehouse has created new and
innovative products and solutions that shake up the industry. Earlier
this year, the company launched BINsmart™, a patent-pending and
revolutionary technology that identifies, once a card is swiped, whether
it is a debit, credit or corporate card; calculates the estimated lowest
cost processing option; and then prompts for the best method to run that
sale. It also developed and launched its first iPhone and Blackberry
applications, MerchantWARE Mobile, which allow mobile workers the
convenience of accepting payments while on the road. Award
winners in several national categories, as well as the overall national
Ernst & Young Entrepreneur of the Year award winner, will be announced
at the annual awards gala in Palm Springs, California on November 14,
2009.

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