INGENICO Ink Supplier Contract With CUP

INGENICO and China Unionpay(CUP) have signed agreements providing
that INGENICO will supply the network operator with electronic payment
terminals. Currently, 550 cash registers in Le Printemps in Paris already
accept CUP cards from Chinese tourists thanks to the integrated solution.
China Unionpay accounts for nearly 50% of all payment terminal purchases
in China and has 175 member institutions. With over one billion cards,
China’s electronic payment market is rapidly expanding.

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FTC Issues a Slip Showing? Alert

The FTC has issued the “Slip Showing?” alert to remind businesses that electronically processed credit card receipts are to include no more than the last five digits of the card number and to delete the expiration date. The law applies only to electronically printed receipts, not to handwritten or imprinted ones, and it applies to the receipts the customer is given, not to the receipts the businesses retain for their own records. Congress passed the Fair and Accurate Credit Transaction Act to minimize the amount of personal identifying information on credit receipts. The business alert advises that merchants who fail to comply with the law could face FTC law enforcement action, including financial penalties and federally-enforced restrictions or requirements.

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SAF-T-PAY Promotes Carrillo to VP

SAF-T-PAY announced that Roberto Carrillo, previously GM of SAF-T-PAY in Peru, has been named VP of Latin America and Caribbean operations. Carrillo is leading negotiations to integrate SAF-T-PAY’s secure e-payment solution with major banks and other financial institutions in Chile, Argentina, Colombia and Peru. His professional background includes positions as Founding General Manager of Visanet Peru, Regional President of Western Union Financial Services with responsibility for Latin America and the Caribbean, and Regional Vice-president of American Express Mexico and Latin America where he held responsibilities in the financial services and banking industries and currently holds the positions of Partner with SalaFinanciera.com and Director with Strategic Management Group, Lima. Carillo received a degree in Economics from Universidad del Pacífico in Lima and completed graduate studies in Economics at the Virginia Polytechnic University, Blacksburg. SAF-T-PAY is a secure e-payment system that allows online bank customers to make online purchases worldwide directly through their local bank.

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$200B Transactions Not PCI Compliant

ExaProtect calculates that over $200 billion in consumer and business credit card transactions made during 2007 will not meet the PCI data security standards. Despite moves by the PCI Security Standards Council to encourage larger retailers and other organizations to demonstrate compliance with its 12-point Data Security Standard, half of the world’s largest merchants are not yet compliant and many retailers do not have a timetable for achieving compliance in place before the anticipated June 2007 deadline. The world’s largest retailers and merchants take over 1.5 billion credit card transactions annually. VISA has 230 merchants that each process over 6 million transactions per year, with similar data from rivals but less than half can demonstrate PCI compliance. ExaProtect is a provider of information security.

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Chase Beefs-Up its Sheetz blink MC

PA-based convenience store chain Sheetz has teamed with Chase to launch an enhanced “Sheetz MasterCard with blink.” The enhancement is a more robust “Sheetz Rewards” program. Under the new program cardholders receive a 10% rebate on all Sheetz purchases and a 2% rebate for all other purchases for the first 90 days the account is open. Thereafter, a 3% rebate on all Sheetz purchases; 2% on groceries, travel and dining purchases; and 1% on all other eligible purchases. The rebates can be redeemed for $25 gift cards from various retailers. In May 2005, the “Sheetz MasterCard” became the first co-branded credit card to feature “blink,” Chase’s contactless payment option. Sheetz operates 330 stores throughout Pennsylvania, West Virginia, Maryland, Virginia, Ohio and North Carolina. (CF Library 5/27/05)

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TRM Potentially Grinding to a Halt

OR-based TRM confirms that its auditors have raised a question about the Company’s ability to continue as a going concern. PricewaterhouseCoopers noted that last year’s net loss resulted in the Company’s inability to meet its financing agreements and it does not expect to meet the required financial covenants this year as well. During January, the Company sold its Canadian, United Kingdom and German ATM businesses and its U.S. photocopy business and used the proceeds to pay some of its loans. On May 15th the Company signed waivers on its financing agreement with the primary lender. Last week TRM announced that COO Richard Stern will take over as President and CEO effective June 15th, replacing CEO Jeffrey Brotman. Brotman will remain with the Company as non-executive Chairman. TRM also reported that fourth quarter revenue declined to $24.9 million, compared to $29.8 million for 4Q/05. In January 2006 TRM engaged Allen & Company to explore strategic alternatives to enhance shareholder value. (CF Library 1/18/06; 5/23/07)

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i2c Adds More Flexibility to InTouch

i2c Inc. has released “InTouch”, enabling clients to autonomously change the welcome greeting and up to three announcement messages played when cardholders call the IVR for customer service. i2c clients can access the IVR system via a telephone and interact with the IVR system to record, edit and/or re-record messages. InTouch can play a variety of interesting announcements until an agent is available to take their call. These messages may provide product information, promote services or educate callers about the company. Messages can be scheduled to play on certain dates for holidays and events and can be used to prompt callers to have information available before talking to a live agent and helps prepare the caller, speeds up call processing and occupies the caller while they wait on-hold. i2c is a global technology provider of electronic payment processing solutions.

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WVU Mountaineer Gift Card Launched

Glimcher Realty Trust and NBO Systems have partnered to issue the West Virginia University “Mountaineer Gift Card”. The Gift Card may be used to purchase products or services everywhere Discover Network Cards are accepted and are available in denominations from $25-$500. The Mountaineer Gift Card is now available for purchase at the management office at Morgantown Mall in Morgantown, WV and at the Guest Services Center at Grand Central Mall in Parkersburg, WV. Glimcher Realty Trust is a real estate investment trust that specializes in the ownership, management, acquisition and development of shopping malls. NBO Systems develops, markets and supports stored-value prepaid card programs.

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TLC Greenlights VTS for NYC Taxis

VeriFone Transportation Systems has become the first to be approved for the full-scale roll-out in New York City taxis. The Taxi & Limousine Commission has mandated that beginning October 1st all medallion yellow taxicabs are to install an interactive electronic passenger map and information screen, and credit/debit card acceptance. Systems implemented by VTS are the first to obtain a formal “Notice to Proceed” from the TLC, authorizing installation and use in any of the 13,000 licensed cabs in the city. The VeriFone-based solution utilizes wireless technology to provide integrated payment in the passenger cab, including a card swipe and contactless payment for credit and debit payment of fares, in an ATM style interface. Riders have the option to select a preset tip from a list of choices, or input their own amount. A 10.4-inch touch-screen monitor provides news and content for passengers through an exclusive partnership with WABC-TV New York. Content selections include news and weather from WABC; sports from ESPN; and information on restaurants, night life, hotels and attractions from Zagat Survey. Near-term enhancements will include traffic, movie previews and local event information at the touch of a button.

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First Data Releases PREDIGY 5.0

First Data’s Intelligent Results announced the launch of “PREDIGY 5.0,” a platform for partners to deliver hosted analytics and decisioning. PREDIGY is currently serving financial services, utilities, telecom, and specialty retail customers. Intelligent Results’ partners develop their own applications built on the PREDIGY platform, enabling them to deliver strategic analytics capability to their customers. The force behind increased acceptance is the growing recognition of the need to apply data-driven decisions to all aspects of business â” from acquisition, through risk management and fraud, to execution of more cost-effective marketing, cross-sell, loyalty, and retention programs.

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Lipman Drives VeriFone Revenues Up 53%

VeriFone reported that its net revenue for the quarter ended April 30th surged 53% to $217.2 million, largely driven by the Lipman acquisition and strong international performance. The Company noted that its wireless products remain strong and its North American business was up 8% from the previous quarter. During the quarter, VeriFone completed a successful pilot with American Express for its “Vx 670” “Pay at the Table” solution; continued working with the Tesco contract, where the “VeriFone Secura” outdoor payment system is enabling integration with ECRs, pumps and a range of unattended devices in a Wincor Nixdorf-led project; and announced wins at Ahold Group members Stop & Shop and Giant-Landover food stores. VeriFone raised its third quarter internal expectations for net revenue to $225 – $227 million. For complete details on VeriFone’s latest performance, visit CardData ([www.carddata.com][1]).

REVENUE HISTORICAL
1Q/05: $117.9 million
2Q/05: $125.7 million
3Q/05: $130.5 million
4Q/05: $134.6 million
1Q/06: $142.2 million
2Q/06: $147.6 million
3Q/06: $156.6 million
4Q/06: $216.6 million
1Q/07: $217.2 million
Source: CardData (www.carddata.com)

[1]: http://www.carddata.com

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GCA Enables the 2007 WSOP Tournament

Global Cash Access has landed a deal to provide The World Series of Poker with a wider selection of cash access and funding options for this year’s “2007 WSOP Tournament”. The WSOP drew 8,773 participants for the $10,000 buy-in Main Event in 2006 and saw more than 48,000 entries compete for a gross prize pool in excess of $171 million. GCA provides proprietary technology that helps patrons access cash via ATM, debit card, check cashing and credit card cash advance transactions for gaming entertainment.

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