Genesco Upgrades to Fujitsu TeamPo

Nashville-based footwear retailer Genesco will upgrade its POS systems using Fujitsu’s “TeamPoS 3000 XL2 systems”.
The rollout includes 1,350 locations across Genesco’s Journeys, Journeys
Kidz, Shi by Journeys, Underground Station and Johnston & Murphy chains.
Fujitsu’s TeamPoS 3000 XL2 is the first POS system to feature Intel’s
Core™2 Duo mobile processor, giving retailers powerful performance and
energy efficiency. Point-of-sale processing is 300 percent faster with
the dual-core processor than previous technology – and 40 percent more
energy efficient than desktop architecture. Fujitsu also will provide staging, project management and installation
for the initiative, which began this summer and is scheduled to continue
through 2009.

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24% of Consumers Expect to Drop Some Cards

A new poll shows 56% of Americans feel less secure about their
financial situation in early 2009. The “Harris Poll” found that 24% of
consumers say they will get rid of one or more credit cards this year.
About 55% say they expect to cut back on their household spending while
45% expect to pay down their level of debt and 42% say they expect to
save more in the year ahead. Two in five Americans believe their
personal finances will stay the same in the coming year, while 27% say
they will get worse and 22% believe they will improve. Going into 2008,
people were somewhat, but not much, more positive as 31% said they
thought their personal finances would improve. Harris also found that
Echo Boomers (those aged 18-31) are the ones least concerned about the
economy, but they still have concerns.

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Fifty Ways to Love Your Money

AARP and Chase have rolled out an enhanced version of “Chase Clear and
Simple” to provide financial literacy resources.
The site features a new interactive financial literacy guide “50 Ways to
Love Your Money” that was developed in collaboration with AARP Financial
and Visa. This free guide is designed to help people age 50 and over
successfully manage their finances and includes an introduction by
renowned personal finance expert Jean Chatzky.
The online version of “50 Ways to Love Your Money” offers helpful tips
on a wide variety of topics including saving and budgeting, using credit
and debit cards, monitoring credit reports, and managing debt.

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SPARTANICS GUIDE

Langenhagen-based Spartanics, which manufactures laser cutters for plastic card manufacturers, has released “Laser Cutting Technical Guide: How to Match Today’s Laser Cutting Technology to Application Requirements – Parts I and II”. Spartanics, which manufactures both lower-cost systems and high-end laser cutters, created this laser cutting technical guide to help plastic card manufacturers select the types of components and features they need in laser cutting technology, without encumbering either excess cost or inadequate performance capabilities. The Laser Cutting Technical Guide chapters include “Choosing Between Laser Cutting vs. Tool-based Die Cutting Systems”; “Quality and the Soft Marking Standard”; “Cutting Speed vs. Web Speed; “Fallacy of the Double Scan Head Advantage”; “Systems Integration, User-Friendliness and Production Output”; “Selecting System Components”; and “Suggested Method for Sourcing Laser Cutting Technology”.

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HSBC & AUTHENTIFY

HSBC has deployed Authentication solution provider Authentify to protect online and remote transactions
from fraud. Authentify’s services are invoked automatically to authenticate online users
attempting certain transaction types against HSBC accounts. The
“out-of-band” process requires user specific details be entered into the
telephone, separately from the Internet side of the exchange. The
process isolates the authentication from Internet threats. It becomes
much more difficult to hijack or tamper with an account even when armed
with compromised identity information. The company’s patented technology employs a message based
architecture permitting easy layering with existing technology and
infrastructure. The company’s primary focus is providing authentication
services to enable routine but sensitive processes to complete with high
levels of certainty. HSBC Group serves over 125 million customers worldwide, with more than 10,000 offices in 83 countries.

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CARDS 2008

Credit card payment volume fell precipitously in the fourth quarter dropping from a year-on-year growth rate of 21% in September to 9% in December. In 2007, credit card payment volume, excluding cash advances was 313 trillion won, an 18% increase over the prior year. It appears that 2008 will post about a 15% gain, pushing annual volume to about 360 million won. According to the Credit Finance Association of Korea, over the past five year credit card volume has grown about 30%. Credit card payment volume was 27 trillion won in December. The CFA says the year-on-year growth rate of credit card spending was 15.2% in October, 9.8% in November and to 9.1% percent in December.

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VASCO 2008 Q4

Data authenticator VASCO has revised its projected revenue for 2008.
The revision is due in part to deterioration of the economy in the U.S.
and a number of delayed orders in other geographic markets. VASCO
expects that revenue growth for 2008 to be in a range of 9% to 12%
compared to 2007 and expects full year gross margin and
operating margin to be within the previously announced ranges.
While VASCO is initiating a cost containment program going forward, the
expectation is that the investments made in people and infrastructure in
2008
will result in positive returns in 2009. VASCO is a global supplier of
strong authentication and e-signature
solutions and services specializing in Internet Security applications
and transactions.

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ALTAIR FX CARD

Prepaid business solution provider Altair Financial Services International Plc has launched the “PocketCurrency”
Foreign Exchange [FX] card for Currency Solutions, a
specialist in the foreign exchange industry. As a prepaid currency card developed specifically for travel,
“PocketCurrency” is available in Pounds Sterling, Euros and US Dollars. Unlike a debit or credit card, PocketCurrency
is not linked to the cardholder bank account details, and hence no
sensitive banking details are associated with the card. Since
“PocketCurrency” is prepaid and does not have a credit facility, there is
no need to pass a credit check, and fraudsters can not take advantage of
overdraft or credit facilities.
It provides cardholders with highly competitive, commission free, foreign
exchange rates and the freedom and convenience to manage the card.
To allow greater freedom, the cards are MasterCard branded and can be
used for purchases at over 27.3 million merchant locations globally.
“PocketCurrency” is issued by Newcastle Building Society and for enhanced
security the cards offer the added benefit of Chip and PIN protection.
As an additional security measure, Altair Mobile Payment System (AMPS)
gives cardholders the ability to lock and unlock their card using a
registered mobile phone.

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BARCLAYS CONTACTLESS DEBIT

As of March, Barclays will begin the rollout of contactless VISA
debit cards. Most Barclays debit cards that are issued or reissued will
have contactless technology built in as standard and more than three
million customers are expected to be using contactless debit cards by
the end of the year. Barclaycard was the first to introduce
contactless technology on credit
cards in the UK in September 2007 with the launch of Barclaycard
OnePulse, the three in one oyster, credit and contactless card. Over
8000 retailers already accept contactless payments including many
outlets of Pret A Manger, Coffee Republic, EAT, Books etc, Krispy Kreme,
Threshers and thousands of independent retailers, with more installing
the technology every week.

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EZIO & MC CAP

Digital security provider Gemalto has announced that its
Ezio Pocket Reader is the first fully certified reader made available to
the market for MasterCard “Advanced Authentication for Chip” (CAP). It
supports financial institutions in markets where off-line PIN is not
used to verify online customers’ identity. The CAP reader makes it
easier for
banks to deploy strong authentication to their entire base of online
customers, as they no longer need to make any changes to their legacy
cards. It also enables millions of new banking customers to benefit from
increased security for online transactions, by making it accessible in
every environment. The Advanced
Authentication for Chip specification allows two-factor authentication
on any EMV card already in use, whether or not it has been personalized.
Gemalto provides end-to-end solutions for digital security, from the
development of software applications, through the design and production
of secure personal devices such as smart cards, SIMs, e-passports, and
tokens to the deployment of managed services for its customers.

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