Shift4 and 1TouchSoftware Target Restaurants

Shift4 and 1TouchSoftware Solutions have partnered to offer payment processing for independent and multi-unit, quick- and table-service restaurants. Both companies leverage technologies and proven Internet architecture to help restaurateurs reduce the liability associated with holding sensitive credit card data while keeping them in compliance with the latest cardholder regulations. 1TouchSoftware Solutions is a provider of integrated enterprise restaurant management and marketing software solutions. Shift4 is a developer of secure financial transaction processing software and enterprise payment solutions for the hospitality, retail, foodservices, auto rental and e-commerce markets.

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American Express Elects Two New Board Members

American Express has appointed Richard C. Levin, President of Yale University, and Ronald A. Williams, Chairman, CEO and President of Aetna to its Board of Directors. Levin has been Yale’s President since 1993 and previously chaired the economics department. Williams joined Aetna in 2001 as EVP and Chief of Health Operations. He was named CEO and President in February 2006 and Chairman of the Board in October 2006.

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Small Business Economic Confidence Rebounds

Small business confidence in the American economy rebounded in January as owners reported substantially fewer cash flow issues. The “Discover Small Business Watch Index” came in at 114.3, nearly five points higher than December. Thirty-five percent said economic conditions in the U.S. are getting better, up from 31% in December. The percentage of owners who feel economic conditions are getting worse dropped to 46%, compared to 50% last month. Discover also found that 64% of small business owners say health-care costs have an impact on their ability to grow their companies. Sixty-seven percent of owners express that it is “very difficult” or “somewhat difficult” to obtain affordable health care for themselves and their employees. Thirty-three percent of small business owners who offer health care have considered discontinuing health-care coverage for themselves or their employees due to high costs. Seventy-four percent of all small business owners said that provide no health insurance to their employees.

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FDC Acquires STV Specialist and Teams with RBG

First Data has acquired Size Technologies, a provider of loyalty, value and transaction marketing solutions. This acquisition will enable First Data to offer to its participating clients access to loyalty features and functionality including couponing, consumer messaging, product-based rewards, customer relationship management and campaign management tools which can be offered at the point of sale, through printed messaging, mobile phone messaging, via the Internet and automated voice response tools. The new program has first been implemented through a relationship with Royal Buying Group, a national organization that implements vendor programs for its member base of over 5,500 convenience store and petroleum locations.

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Atos To Continue Landesbank Contract

Atos Worldwide has extended its contract with Landesbank Berlin.
The contract reflects Atos’ five year commitment to processing
Landesbank’s entire card portfolio. The portfolio covers 1.7 million
active credit and private label cards. In extending the contract, both
partners are continuing their almost 20-year business relationship to
carry out innovative joint projects in the future. Atos Worldwide is a
company of Atos Origin and is an international information technology
services company. Atos’ annual revenues are EUR 5.5 billion and it
employs over 47,000 people in 40 countries. Landesbank Berlin is
headquartered in Berlin and is the banking market share leader with
close to 50% of the customers in the region and a market leader in the
German credit
card business.

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Consumers Want Debit Card Overdraft Warnings

A new report has found that in-store debit card purchases that cause an overdraft cost $2.17 for every dollar borrowed. By comparison, check-triggered overdraft loans cost $0.86 per dollar borrowed. The study by the Center for Responsible Lending says some 61% of the 2,400 surveyed preferred that their debit card purchase be denied at the checkout if it would otherwise overdraw their account and incur a fee. Nearly all responded that they would cancel their ATM withdrawal to avoid a fee. The report, “Debit Card Danger,” analyzed the checking accounts of more than 5,000 customers of the nation’s 15 largest banks and found that debit card purchases and ATM withdrawals trigger 46% of high-cost overdraft loans.

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Discount Bank To Use Vasco Security

Vasco Security has announced that Uruguay’s Discount Bank is their
newest client. The Vasco “Digipass GO3” will be used to protect Discount
Bank’s private, online customers for generating both one-time and
static passwords. VASCO’s user authentication software is
delivered through Digipass hardware security products, which has sold 28
million products, establishing VASCO as a world-leader for strong User
Authentication. VASCO works with over 550 international financial
institutions, approximately 3,300 blue-chip corporations and governments
located in more than 100 countries. Discount Latin Bank America was
founded in 1958 and is now a subsidiary of IDB Bank of New York.

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Wells Fargo Expands Envelope-Free WebATMs

Wells Fargo customers in Central California can deposit cash and checks directly into ATMs without an envelope. About 400 “Envelope-Free WebATM” machines are now in place in Northern California with a plan to add 825 more of the new machines by the end of the year. “Envelope-Free ATMs” faster and easier ATM deposits; customers can deposit up to 30 bills in different denominations and up to 10 checks directly into the machine at one time, see check images on the ATM screen. All of Wells Fargo’s 6,700+ ATMs are web-enabled, which means they are faster, easier to use, and can perform more functions than traditional ATMs. On October 28, 2004, the same day “Check 21” became federal law; Wells Fargo was the first financial institution in the U.S. to transmit a check deposited at an ATM in Hayward, California.

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Moneris Inks Recreation Sports Management

Chicago-based Moneris Solutions has entered into a partnership with Recreation Sports Management Inc., the creators of www.esportsdeskpro.com, to offer Web-based payments and other services to the company’s athletic leagues, organizations and team clients. esportsdeskpro.com will enable organizations to collect online payments for team and player registrations, fees, fundraising, event ticketing and team merchandise sales. esportsdeskpro.com serves amateur sports leagues, teams and associations by hosting and designing their official websites, which includes a sports content management system. Moneris provides transaction-processing services nationwide serving 350,000 merchant locations.

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EnterCard Norge Signs a Deal with Helgeland Sparebank

Helgeland Sparebank and Entercard have signed a four-year agreement
stipulating the development and creation of credit card products for
Helgeland consumers. EnterCard is Norway’s’ largest issuer of credit
cards and was founded more than a year ago by Barclays Bank and Swedbank. This partnership will allow Helgeland Sparebank Group to tap into
Norway’s growing credit card market. Within the previous year EnterCard has signed new
partnership agreements with Sparebank1, Coop and LO in Norway and
FDB/Coop in Denmark. The bank is currently the 13th
largest savings bank in Norway, according to total assets, and has a
network of branches located throughout the Helgeland region, with 16
branches in 14 municipalities of the country.

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