MEDMOBILE TERMINAL

Hypercom Corporation has introduced “medMobile”, a electronic health card system secure mobile device specifically designed to
support the thousands of physicians who make house calls. The “medMobile” terminal for physicians on the go features a
high contrast graphical display, built-in PIN Pad, integrated Health
Professional Card (HPC) and electronic health card readers,
long-life Li-ion rechargeable batteries and USB connectivity for fast
downloads to physicians’ computers. medMobile stores up to 200 medical
records. The unit supports the current German health insurance card, the new chip-based electronic healthcare card and the HPC used
by doctors, dentists and other healthcare service providers. Approval
of the new device, in accordance with German certification requirements,
is expected within the next two months.

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Morgan Drexen Backs President Obama’s Examination

Morgan Drexen is backing the Obama administration to examine credit card companies and how they charge consumers. Morgan Drexen is a debt consolidation company that works with local and regional attorneys to substantially lower credit card debt, protect clients from threats and harassment, and help consumers build a secure financial future. They offer a Emergency Direct Assistance Fund (EDAF), which gives a free $1000 cash advance to qualifying families to help them quickly settle their outstanding debt. EDAF is the first hardship program of its kind and is quickly gaining national recognition as a much-needed lifeline for families that are suffering through today’s economic upheaval.

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MBNA BUSINESS CREDIT CARD

MBNA has announced the
launch of a new business credit card, designed specifically with sole
traders and small businesses in mind. The new MBNA Business Credit Card
offers 0% p.a. on business purchases for one whole year from the date
the account is opened. The credit card has no annual fee and comes with free purchase
protection insurance and Employee Misuse Insurance. The standard rate of interest for purchases will
be 15.9% APR (typical) variable.

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Electracash & My Payment Network to Offer the “MyPayNet”

Check processor Electracash has entered into a licensing agreement with My Payment Network to offer the “MyPayNet” service under the Electracash brand. The “MyPayNet” service is a full-featured
online payment system that enables merchants to accept a wide range of
payments. This includes invoicing and recurring payments via online
checks and credit cards. Electracash and My Payment Network will work
together to market the service to new business segments not currently
serviced by Electracash. The “MyPayNet” service is based on the proprietary and PCI audited
technology developed and maintained by My Payment Network. The service
is uniquely designed for service companies and groups that want to take
advantage of electronic payments but have different needs than those met
by online shopping cart technology.

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OTI & WOOLWORTH

On Track Innovations announced that its contactless reader was
selected by Australia’s largest retailer, Woolworths, to support its
“ePump” initiative for payment at the gas station. The “ePump”, a feature of the Woolworths’ “Everyday Money” credit card provides customers with a fast and efficient way of refueling
their vehicles at over 300 participating Caltex Woolworths/Safeway
co-branded fuel outlets across Australia using the contactless feature
of the EDM credit card. The integrated pay-at-pump solution deployed by
Gilbarco Veeder-Root nationally is commissioned and operational.
The objective of the “ePump” program is to provide further convenience
to Woolworths’ loyal customers and to help ease congestion on the
forecourt. Instead of queuing up in-store to pay for fuel, EDM credit
card holders will be able to go directly to the pump to fuel their
vehicle, with their loyalty/rewards information sent and verified
automatically.

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USA Tech Launched ePort Connect Deployment Consulting Service

Non-cash transaction provider USA Technologies has launched the “ePort Connect Deployment Consulting Service” to help vending operators grow their business. The “ePort Connect Deployment Consulting Service” draws on insights from its 15 years of experience in network and financial services for unattended point of
sale, as well as a database of 35 million unattended small ticket credit
and debit card transactions that USAT has processed to date, USA
Technologies is in the unique position to help operators deploy their
credit- and debit-card-enabled vending machines based on actual
purchasing intelligence, ensuring the best financial return. The Service utilizes a five-step process for the successful deployment of cashless vending machines, kiosks and POS terminals by skilled and experienced deployment teams. The process includes preparation, installation, settlement, reporting and service.

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DATACARD & GOLDEN SPRING

Secure card personalizer Datacard Group has entered into an agreement with Golden Spring Technology, a provider of smart label and RFID equipment, for Datacard to offer smart label package systems and contactless smart card inlay systems in the Asia Pacific region. The solutions for contactless smart card inlay production
ranges from 1500 units per hour (UPH) up to 6000 UPH. The solutions of
the smart label equipment with flip chip process ranges from 1600 UPH up
to 20000 UPH. Datacard Group offers the world’s best-selling secure ID and card personalization solutions. The company’s portfolio includes systems for high-volume card issuance, card delivery and fulfillment, secure ID issuance and passport production, plus extensive service and supply offerings. Datacard Group serves customers in more than 120 countries.

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Planet Payment and The Bancorp Bank Team

Multi-currency processor Planet Payment has partnered with The Bancorp
Bank to offer Bancorp’s merchants and third party servicers Planet
Payment’s suite of products.The individual solutions that will be made
available to Bancorp customers includes “Multi-Currency Pricing” which
allows merchants to sell more effectively
to international customers by pricing in foreign currencies on a website
or in a catalogue and accepting payment in the currency the customer
chooses; “Pay in Your Currency” that provides merchants with a powerful
customer service feature that allows customers to pay for their
purchases in the currency they know best,their own; and “iPAY®” which
offers card-not-present merchants a suite of robust
payment and business management solutions.

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GE MONEY 1Q/09

GE announced first-quarter 2009 earnings from continuing operations of $2.8 billion, down 40% from first quarter 2008. First-quarter 2009 revenues from continuing operations were $38.4 billion, down 9% year-over-year. Capital Finance earned $1.1 billion in the quarter and remains on track to be profitable for the full year.
On March 19, GE conducted a ‘deep dive’ into GE Capital that demonstrated the strength of its team and its commitment to transparency. Estimated stress-test results showed that it does not need to raise additional capital even in the Fed’s adverse-case
scenario.

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Consumers Favor Payment Cards for FSA/HSA/HRA

A new survey of “Flexible Spending Accounts,” “Health Savings
Accounts,” or “Health Reimbursement Arrangements” found that two-thirds
of the nearly 900 survey respondents indicated that availability of the
payment card influenced their decision to sign up for the benefit, while
almost three-quarters said that having a card made using their account
funds easier. The majority of consumers commented that they have
encountered few – if any – problems and know exactly where the card can
be used. Card communication, in fact, was rated as good to excellent. As
a result, 92% of the respondents said they knew where and how to use the
card – and which items are eligible for pre-tax treatment based on IRS
guidelines. In addition, 87% of respondents found it advantageous to
have point of service substantiation.

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TransFirst Certifies Hypercom Terminals

Dallas-based payment processor TransFirst has “Class A” certified Hypercom’s Optimum T4205 and T4220 payment terminals.
Hypercom’s high security Optimum T4200 product family consists of eight
powerful 32-bit multi-application devices that share the same platform,
user interface and software toolkit to maximize efficiency, application
portability and offer customers a broad range of options to serve any
market need. TransFirst currently processes approximately $30 billion
in annual sales volume for more than 160,000 merchants and more than
1,000 financial institutions.

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Hypercom, Ingenico, and VeriFone Form an Alliance

Hypercom , Ingenico and VeriFone announced the formation of the “Secure
POS Vendor Alliance,” a non-profit business organization chartered with
implementing common payment security standards among vendors of secure
POS devices used by retailers, acquirers and cardholders alike. The
founding members have appointed the following individuals to serve a one
year term as executive managers of the alliance: Christophe Dolique –
will serve as SPVA Chairman and is EVP, Global Marketing & Transaction
Services at Ingenico; TK Cheung – will serve as SPVA Vice Chairman and
Chief Technology Officer and is the VP, Global Quality and Security at
Hypercom; and Paul Rasori – will serve as SPVA Secretary/Treasurer, and
is the SVP, Global Marketing at VeriFone.
Membership is open to all payment industry stakeholders.

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