Comdata Consolidates its Branding

TN-based Comdata has launched a new brand identity, consolidating all of its business units. The new brand identity campaign includes a new logo; an enhanced Web site; a national print and television advertising campaign that launches in 2007; plus an international advertising campaign that launches in 2007; and new sales materials and targeted communications with employees, customers and prospects. Comdata’s electronic payment solutions range from credit and debit cards, gift and loyalty cards, fleet, fuel, payroll, purchasing to T&E.

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Hy-Vee Pilots Pay By Touch Payment Program

IA-based supermarket chain, Hy-Vee, has launched a pilot of Pay By Touch’s finger-scan payment program in six stores in Illinois and Iowa. The Pay By Touch service uses a simple finger scan to authorize a secure, electronic withdrawal from a customer’s existing checking account. A one-time enrollment takes only a few minutes to complete and, once enrolled, Pay By Touch members can use the Pay By Touch system in any participating store. Hy-Vee, Inc., headquartered in West Des Moines, is an employee-owned corporation operating 225 retail stores in seven Midwestern states. Pay By Touch (http://www.paybytouch.com ) is wowing the world one touch at a time as the leader in biometric authentication, personalized marketing and payment solutions.

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Bankrate Settles a 2002 Lawsuit for $3MM

Bankrate has reached a settlement with American Interbanc over a lawsuit filed in 2002 wherein Bankrate will make a $3.0 million cash payment to American Interbanc and American Interbanc will dismiss the lawsuit. Additionally, American Interbanc and Bankrate have agreed to release each other from all claims arising out of or related to the lawsuit. Bankrate and American Interbanc have also agreed to certain terms and conditions that permit American Interbanc to advertise on Bankrate.com. Bankrate, Inc. (Nasdaq: RATE) owns and operates Bankrate.com, a leading Internet consumer banking marketplace.

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AirTran Adds Bill Me Later Payment Option

Another airline has jumped on the “Bill Me Later” bandwagon. MD-based I4 Commerce reports that AirTran Airways is now offering customers the ability to pay with “Bill Me Later.” The payment option offers consumers who purchase airline tickets no payments for 90 days. The “Bill Me Later” service is part of I4 Commerce’s “PayCapture” suite which enables multi-channel merchants to capture lost sales and gives merchants access to a suite of other technology solutions such as promotional financing, private label and integrated marketing programs. More than 250 clients use the “PayCapture” suite. US Airways also recently added the the “Bill Me Later” service. (CF Library 8/2/06)

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Kum & Go Expands TransFund Totally Free ATMs

The IA-based c-store chain, Kum & Go, has expanded its fee-free ATM deal with TransFund to 102 ATMs in its locations in Arkansas, Oklahoma, Missouri and Kansas. The TransFund Totally Free ATMTM program eliminates some of the financial burden bestowed upon ATM users, providing no-fee transactions. Kum & Go, one of the nation’s leading convenience store chains. TransFund (affiliated division of BOK Financial Corporation, Nasdaq:BOKF) is an ATM network of banks, credit unions and retailers, located in 13 states.

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New Unlawful Gambling Act Impacts ECHO

Another processor will be significantly impacted by the recently passed “Unlawful Internet Gambling Enforcement Act of 2006.” Electronic Clearing House says the law, which is expected to be signed tomorrow, will impact its “Internet wallet” merchants. The service enables consumers to use funds in those “Internet wallets” to participate in gaming activities over the Internet. Regardless of the actions taken by ECHO’s “Internet wallet” merchants, ECHO has decided to phase out any services related to check processing activities for Internet gaming before the 270-day regulatory determination period expires. The portion of “Internet wallet” services accounts for less than 10% of ECHO’s total revenues. Accordingly, the loss of revenues, and net income, arising from these services will have a significant negative effect on the Company’s business and results of operations in fiscal 2007.

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ISO to Distribute 20K Optimum T4100s

CO-based Total Merchant Services has agreed to purchase 20,000 Hypercom “Optimum T4100” multi-application card payment terminals for its free terminal program. In conjunction with the multi-million dollar deal, Total Merchant Services has also selected Hypercom as its preferred supplier of card payment terminals. Total Merchant Services is a ten-year-old, Colorado based merchant acquirer that offers the best free terminal programs in the industry together with innovative and cost-effective solutions to merchants who accept credit cards for the payment of their goods and services. Global payment technology leader Hypercom Corporation (NYSE: HYC) delivers a full suite of high security, end-to-end electronic payment products and services.

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PCI 3Q/06

The country’s largest privately owned processor is set to hit 10,000 ATMs by the end of this year. Toronto-based TNS Smart Network has grown, on average, by 1,000 ATMs per year since 1997. At the end of October the Company had 9,000 ATMs deployed, compared to about 7,500 two years ago. Currently, TNS represents close to 20% of the Canadian ATM marketplace and maintains a volume of ATMs equivalent to 50% of all the ATMs deployed by Financial Institutions in Canada combined. TNS says most of its growth has come from partnering with “white label” ATM companies.

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TNS Smart Network to Hit 10K ATMs

Canada’s largest privately owned processor is set to hit 10,000 ATMs by the end of this year. Toronto-based TNS Smart Network has grown, on average, by 1,000 ATMs per year since 1997. At the end of October the Company had 9,000 ATMs deployed, compared to about 7,500 two years ago. Currently, TNS represents close to 20% of the Canadian ATM marketplace and maintains a volume of ATMs equivalent to 50% of all the ATMs deployed by Financial Institutions in Canada combined. TNS says most of its growth has come from partnering with “white label” ATM companies.

TNS ATM HISTORICAL
2000: 3,000
2001: 3,700
2002: 4,800
2003: 6,000
2004: 7,500
2005: 8,800
2006: 10,000
Source: CardData (www.carddata.com)

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TransFirst ePayment Services Names a President

Dallas-based TransFirst has promoted Michael Phelan to president of the company’s ePayment Services division. Prior to joining TransFirst, Phelan served as vice president of business development for the Wealth Management Group at First National Bank in Omaha, Neb., where he was responsible for sales, marketing and product development, Investment One Brokerage, corporate bank marketing, training and strategic initiatives. TransFirst offers a first-rate suite of products and services and customized processing programs uniquely tailored for the special business needs of financial institutions, independent sales organizations and agents and its referral and reseller partners.

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