Bling Nation Names a New CFO

Payment network Bling Nation has hired Daniel Rogers, previously with
Fifth Third, as CFO.
Rogers was CFO and vice president of OH-based Fifth Third Bank
Processing Solutions, where he delivered more than $900 million in
annualized net revenue across a multi-line electronics payments business.
Prior to Fifth Third, he held the position of vice president and finance
manager at San Francisco-based Wells Fargo Merchant Services, growing
the department through increased sales productivity, margin expansion
and cost-reduction initiatives. Rogers also spent time at Wells Fargo as
the vice president and finance manager of the Corporate Financial
Planning Team and senior financial consultant of the Management
Reporting and Analysis Group. Bling Nation provides community banks
with a local payment network,
which allows banks to convert potential on-us debit transactions into
actual on-us debit transactions by offering consumers secure contactless
payments at the point of sale.

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CardPartner Inks 100+ Affinity Cards in 08

CardPartner reports it has signed up more than 115 affinity groups for
credit cards in the last ten months. The company, a subsidiary of the
UK’s Serverside Group, says it signed five nonprofits to Visa affinity
credit card programs on New Year’s Eve, and 12 other groups during
Christmas week. CardPartner connects small nonprofits, membership groups
and others underserved by traditional credit card companies with free
online tools to design and market their own branded cards and pays
groups a one-time fee for every activated card, plus a portion of the
ongoing charge volume. The Company does not seek access to membership
lists. CardPartner affinity credit cards are issued by UMB Financial and
the program is run by former MBNA executives.

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Global Payments’ 4Q/08 Revenue Climbs 30%

Atlanta-based Global Payments reports that revenues for the quarter ending November 30th were up 30%, compared to the year ago quarter. The Company noted that fourth calendar quarter revenues were affected by unfavorable foreign currency exchange rates, but have improved significantly in the current quarter to warrant a more optimistic revenue guidance. For the second fiscal quarter ending November 30th GPN posted revenues of $401.1 million, compared to $405.8 million in the prior quarter and $308.8 million in the year ago quarter.
The recent U.K. acquisition and strong results in its North America segment drove the revenue increase. During the quarter GPN announced an agreement to acquire ZAO United Card Service and Global Payments Asia-Pacific, its JV with HSBC, completed an agreement to expand into the Philippines. GPN also signed nine new U.S. casinos in October and
in November promoted Joseph Hyde to President/International and David Mangum, formerly with CheckFree, to EVP/CFO. The Company updated its annual revenue guidance to be in the range of $1,550 million to $1,580 million, or 22% to 24% over fiscal 2008. For complete details on GPN’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com)). (CF Library
10/02/08; 11/04/08)

GLOBAL PAYMENTS REVENUES
4Q/06: $260.7mm
1Q/07: $260.4mm
2Q/07: $280.1mm
3Q/07: $311.0mm
4Q/07: $308.8mm
1Q/08: $310.6mm
2Q/08: $343.8mm
3Q/08: $405.8mm
4Q/08: $401.1mm
Source: CardData (www.carddata.com)

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TransCard Names a New CFO

Prepaid card provider TransCard has tapped Brad Townsend, previously
with Advanced Interactive Systems, as CFO.
Townsend has twenty years of professional experience in a variety of
strategic
financial and accounting roles and considerable experience related to
Department of
Defense and federal agencies with extensive experience guiding the M&A
process for large and small organizations as both buyer and seller. He
has effectively managed GAAP, SOX compliance and corporate finance
functions on a global basis, and has led efforts in structuring G&A that
support both organic and acquisition expansion for fast-growth
companies. Townsend holds a BBA in Corporate Finance from the
University of Georgia
and an MBA in Finance and Accounting from Emory University. TransCard
handles $1.4 billion in electronic transactions annually. Its products
include pay cards, financial institution stored-value processing, gift
reward cards, fleet services and retail program management.

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Consumer Spending Downward Spiral Continues

An index tracking economic confidence and spending intentions among U.S. consumers has hit another low for the fourth straight month.
The monthly poll shows that consumers will continue to ratchet down plans in January. Over one-third of Americans plan to spend less in January, compared to 22% in November and 24% one-year ago. The Discover “U.S. Spending Monitor” declined to 76.6 in December. Last year at this time, 27% of the country rated the economy as “good” or “excellent” and only 35% said it was “poor.” This year, only 7% give the economy a “good” or “excellent” rating and 65% say it is “poor.” Consumer attitudes about their personal finances have a less volatile deterioration, but are still at record lows. This December, 35% of American adults rate their own financial situation as good or excellent. That’s 4 points off the 39% reported a year ago. Discover also found that 55% of consumers are trimming discretionary and home improvement expenses, and 52% are holding off on major personal purchases.

U.S. Spending Monitor
Dec 07: 90.5
Jan 08: 86.1
Feb 08: 86.4
Mar 08: 85.1
Apr 08: 85.4
May 08: 86.8
Jun 08: 85.9
Jul 08: 85.2
Aug 08: 87.8
Sep 08: 86.5
Oct 08: 80.4
Nov 08: 79.7
Dec 08: 76.6
Source: Discover

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Hypercom Hires a Global Marketing Exec

Hypercom has appointed Stuart Taylor to the position of VP, Global Marketing. Taylor is responsible for all
aspects of the Company’s marketing activities, Hypercom’s Global
Solutions business unit and global strategic relationships. Taylor brings to Hypercom more than 20 years of international
marketing and business development experience in the electronic payment
and ATM industries. For the past four years he has provided
general management, business development, marketing and product strategy
consulting services to a wide range of Fortune 500 companies and payment
and security technology start-ups and has provided payment industry
analysis to many Wall Street investment firms. Taylor served at VeriFone Inc. from 1996 to 2004 in leadership roles
including Vice President and General Manager, Global Marketing;
Director, Emerging Markets and Business Development; and Director,
Product Management and Marketing. Taylor holds a Masters in Business Administration from Herriot-Watt University, Edinburgh Graduate School of Business.

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WMATA Selects Guardium for Card Data

Washington DC’s Metro transportation system has implemented Guardium’s
database security and monitoring system. With more than 9 million
credit and debit card transactions yearly,
Metro is classified as a top-tier Level 1 merchant by the Payment Card
Industry Data Security Standard (PCI-DSS). In addition, according to a
recent study
of ridership trends, demand for the Metro service could grow anywhere
from 50 to 100 percent by 2013. In the future, Metro plans to extend the
Guardium platform to its
Microsoft SQL Server infrastructure, and add advanced, new Guardium
modules such as Vulnerability Assessment (VA) and the Change Audit
System (CAS), to strengthen existing compliance with PCI-DSS
Requirements 2 and 6. VA identifies vulnerabilities such as unpatched
systems, misconfigured privileges and vendor-supplied defaults for
system passwords, while CAS tracks changes to database configuration
files, OS environment variables and scripts that affect database
security posture. As a tri-jurisdictional government agency authorized
by the U.S.
Congress, Metro operates the second largest rail transit system in the
United States, and transports more than a third of the federal
government to work and millions of tourists to landmarks in the Nation’s
Capital.

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MT&L Snags Frank Abagnale as Spokesperson

Document security expert Frank W. Abagnale has endorsed MT&L’s gift card
packaging and will serve as a consultant and
spokesperson for MT&L’s secure gift card packaging division. MT&L’s
line of gift and debit card packaging, called “The Vault”,
provides security features that run the gamut from embedded sensor-matic
signals that
trigger alarms, to carefully designed packaging construction, all
designed to thwart the
efforts of thieves attempting to obtain the information contained on the
cards. Abagnale has worked
with, advised and consulted hundreds of financial institutions,
corporations and
government agencies around the world and more than 14,000 financial
institutions, corporations and law enforcement agencies use his fraud
prevention
programs.

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Hypercom Faces a Possible NYSE Delisting

Hypercom confirms it has received a notice of non-compliance from the NYSE after its stock fell to an average closing price of less than $1.00 per share during a consecutive 30-trading-day period. The notice came on December 31st. Hypercom’s stock is trading around $1.50 today but tanked to $0.50 per share on November 21st. Hypercom’s 52-week high of $5.43 per share took place on February 11. The company has six months from the date of receipt of the notice to bring its common stock price and average common stock price back above $1.00. If the closing price and average closing price of its common stock do not sufficiently improve, Hypercom says it may consider presenting a proposal to its shareholders for a consolidation of its outstanding common stock at its next annual meeting of stockholders.

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ORBISCOM & MC

MasterCard has inked a deal to acquire Dublin-based Orbiscom for about US$100 million which includes earn-outs. The software provider offers enhanced B2C, B2B and P2P payment solutions primarily based on its patented “Controlled Payment Number” technology. Orbiscom’s products cover “Consumer Card” solutions, “Commercial Card” solutions and “Alternative Payment” solutions. MasterCard says the acquisition will build on its existing Orbiscom partnership that created “MasterCard inControl,” a platform featuring an array of advanced authorization, transaction routing and alert controls designed to assist financial institutions in creating new and enhanced payment offerings. Last year, Royal Bank of Scotland became the first financial institution to implement “MasterCard inControl” for its commercial card customers.

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