Pipeline Data Hits 40,000 U.S. Accounts

MA-based Pipeline Data has completed the acquisition of Paynet Systems to bring its merchant portfolio to 40,000 accounts. The purchase of Paynet Systems, Inc. along with the recent acquisition of Valadata, Inc. will provide an additional $390,000 in monthly cash flow to Pipeline. Pipeline Data Inc. provides integrated credit card transaction processing services for merchants in three key areas: wireless mobile payment, e-commerce solutions and retail merchant payment. Pipeline Data services more than 40,000 accounts.

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e-Smart Technologies Board Adds Messina

VA-based e-Smart Technologies has named Gary Messina to its Board of Directors. Mr. Messina has nearly three decades of public & private information technology infrastructure experience and expertise. Mr. Messina is a Corporate Director for L-3 Communications Headquarters’ Operations, responsible for Homeland Security and Defense Operations domestically and internationally, which involves all of L-3 Communications. e-Smart is the exclusive licensee in the US and Asia of the Super Smart Card(TM), the Super Smart Passport(TM) and the Biometric Verification Security System (BVS2)(TM).

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House Attacks Online Gambling and Cards

The U.S. House this week approved legislation to prohibit the use of credit cards to settle online bets. The vote was 317 to 93. The bill also gives law enforcement authorities the authority to assist Internet providers with blocking access to gambling websites. The “Internet Gambling Prohibition and Enforcement Act” is the product of two bills from Rep. Bob Goodlatte (R-VA) and Rep. James Leach (R-IA). Congress has made past attempts to curb online gambling. Online gambling has been estimated to be a $12-billion per year industry.

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MasterCard to Launch One Global Platform

MasterCard is gearing-up to integrate all authorization transactions onto a single, global platform by the second half of next year. Towards that end, MasterCard has finalized standardized rules and capabilities for authorizing a payment card transaction and has enabled the enhancement of intelligent edge devices that exist locally at partner banks. These devices allow transactions to be managed at the edge of the network instead of requiring centralized processing through MasterCard’s own systems. MasterCard can integrate these new technologies on behalf of banks until the volume of activity warrants investment by the bank to provide the service itself. MasterCard says the global authorization platform will transitioned to all banks by late 2009.

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Symbol Technologies to Resell HYC Terminals

NY-based Symbol Technologies has agreed to resell Hypercom’s “Optimum” series of multi-lane payment terminals in North America with plans to expand into global markets. Under the terms of the agreement, Hypercom will manufacture Symbol branded secure electronic payment devices for resale by Symbol to meet the varying needs of its customers. This relationship will enable Symbol to continue to serve customers in the United States needing fixed point-of-sale payment solutions, as well as potentially open new market opportunities throughout Canada, Latin American, Asia-Pacific, Europe, Middle East and Africa with a larger product portfolio. Symbol Technologies, Inc., The Enterprise Mobility Company(TM), is a recognized worldwide leader in enterprise mobility, delivering products and solutions that capture, move and manage information in real time to and from the point of business activity. Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services.

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Chase Card Services Sponsors Army Tour

Chase Card Services is co-sponsoring the “Army Concert Tour,” a series of live country, rock and hip hop concerts spanning four months and a good part of the U.S. American Idol winner Carrie Underwood and former contestant Bo Bice are among the performers featured during the tour, along with country artists Josh Turner, Jamie Johnson, Dierks Bentley, and Trent Willmon. Rock fans will enjoy the legendary Lynyrd Skynyrd, 3 Doors Down, Cowboy Mouth, and more. Among hip hop and R&B artists performing are Dem Franchize Boyz, Young Dro, LeToya, and Cherish. JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries.

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NAFCU to Endorse Affinion’s PrivacyGuard

NAFCU Services Corporation, a subsidiary of the National Association of Federal Credit Unions will announce today an endorsement of Affinion Group’s “PrivacyGuard ID” theft protection service. NAFCU will also endorse Affinion Group’s value-added checking services and “Accidental Death & Dismemberment” insurance programs. The “PrivacyGuard” service offers: daily credit monitoring, credit reports and insurance. Affinion has “Preferred Partner” status with NAFCU and was subject to a thorough due diligence process, and evaluation by an independent third party against top peers through competitive RFPs. Affinion Group has more than 4,500 affinity partners.

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Kabira Technologies Hires a New CTO

Transaction processing software specialist, Kabira Technologies, as named Mark Phillips, as Chief Technology Officer. Phillips has over 30 years of technology and software development expertise and holds 15 transaction processing-related patents. Prior to joining Kabira, Phillips was most recently the Chief Technology Officer at Knowmadic, Inc., a provider of web services-based business process orchestration technologies. Kabira provides high performance transaction processing software for global enterprises to manage high volumes at a substantially lower cost.

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FDC Brings Peace Software to Utilities

First Data has signed an agreement to acquire Peace Software, a “Customer Information System” product company that develops advanced software for managing utility billing and customer care. “Peace” software has been installed and is operating at major utilities in 35 regulated markets around the world. First Data anticipates closing the transaction in the third quarter. Last month, First Data executed two major deals including a major supermarket chain and the nation’s sixth-largest credit union. FDC recently began processing credit and debit card transactions for the 407 locations of The Great Atlantic & Pacific Tea Company. FDC also renewed its agreement with Golden 1 Credit Union to provide “STAR Network” access and PIN-debit processing for its more than 280,000 cardholders and its 271 ATMs. (CF Library 6/21/06)

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Interchange Hearing Set for Next Week

The U.S. Senate Committee on the Judiciary hearing on “Credit Card Interchange Rates: Antitrust Concerns?” has been rescheduled for Wednesday, July 19th. The hearing was first scheduled for June 28th. More than 50 private lawsuits have been filed in federal court claiming that interchange practices violate federal antitrust law. Yesterday, the The Electronic Payments Coalition said it welcomed the hearing and said that Government intervention would lead to higher fees for cardholders, fewer rewards programs, and less choice. The EPC is a group of 36 community banks, trade associations, financial services institutions and payment card networks.

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Aeroplan Launches a New Suite of Rewards Cards

Aeroplan expanded the reward choices of its members by making thousands of new rewards available through a series of new reward cards. This Canadian loyalty industry first enables members to use their “Aeroplan Miles” towards an array of new rewards across Canada and the U.S. in five categories: Dining, Spa, Sports, Entertainment and Getaways. These prepaid, stored value cards may be easily ordered by any Aeroplan member online and are accepted where the American Express Card is welcome. Using their “Aeroplan Miles,” members can redeem for cards in two denominations: 14,000 “Aeroplan Miles” for a card worth $100 and 33,500 “Aeroplan Miles” for a card worth $250. Aeroplan has a network of more than 60 partners, representing more than 100 brands.

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