Boston Newspaper Errs; Distributes Card Info

The Boston Globe and Worcester Telegram & Gazette this morning confirmed that credit card numbers were inadvertently printed on the backs of routing slips attached to newspaper bundles that were sent to retailers and newspaper carriers in the Worcester area this past weekend. Information on up to 240,000 customers may have been distributed. The Telegram & Gazette is also notifying its subscribers that routing information for the personal checks of 1,100 subscribers may have been inadvertently released with some of the bundles. Payment information was mistakenly included on the reverse side of individual routing slips that were attached to up to 9,000 bundles of Sunday Telegram & Gazette newspapers. The incident took place when discarded internal reports were inadvertently recycled as the paper for printing the routing slips.

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Cardpoint Reports Q1 Results

Cardpoint has released trading results for the first quarter of its
financial year, having achieved annualised savings of GBP 2.4 million
through headcount reduction following the acquisition of Moneybox.
Conversion of the cash machines acquired from HBOS to the charging model
has now been successfully completed with the migration of almost
300 machines with progress being made on the integration of Moneybox. The company expect further growth in Germany and The Netherlands.

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FreeStar Secures $9.2MM in Financing

FreeStar Technology announced that it has signed private placement
agreements to secure $9.2 million in financing. The terms agreed to
provide for the purchase of 46 million newly issued
shares under Regulations S of restricted common stock at $0.20 per share
and two-year warrants to purchase 14 million shares at a strike price of
$1.50, as well as an additional 36 million warrants at a strike prices
ranging from $2.50 to $8.50. The investors have agreed to pay $4.6
million within seven days of the issuance of the restricted shares and
an additional $4.6 million four months later. The Margaux Group
assisted in arranging the financing transaction. Carl Hessel, chief
executive officer of the Margaux Group, is also a director of FreeStar
Technology.

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Pemco Technologies Selects TNS ATMLink

Seattle-based Pemco Technologies has selected TNS’ “ATMLink” solution to support its ATM communications services. TNS will enable Pemco to expand its offerings in the off-premise ATM market through wireless and dial-up communications. Transaction Network Services (TNS) provides data communications services for transaction-oriented applications. Pemco specializes in providing credit and debit gateway processing; Visa and MasterCard pass-through processing; ATM device driving and monitoring; credit and debit reward programs; and fraud prevention services.

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CO-OP Handles 1.1B EFT Transactions in 05

Ontario, CA-based CO-OP Network reports a record 1.1 billion EFT transactions in 2005. The year’s most significant jump in CO-OP Network’s 2005 transaction totals was the 20% increase for signature debit and PIN POS. Several other factors contributed to CO-OP Network’s 2005 record transaction growth, including the addition of more than 5,000 ATMs and 4 million cardholders. Since it was established in 1981, membership has grown from 197 credit unions into the largest financial institution-owned network in the U.S. with 1,835 members today. At the end of the year, the Network included 20,000 surcharge-free ATMs nationwide and 24 million credit union cardholders.

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MoneyGram Payment Tracker is Upgraded

MoneyGram has upgraded its “Payment Tracker” to enable users to print receipts online to a local printer, improving overall receipt administration. Receipt management tools include user control of print timing and quantity, electronic retention of receipt copies, print access control, on demand receipt prints and an audit trail for printed receipts. Further enhancements included in this version of Payment Tracker allow select users to view more transactions online than previously permitted, and to receive automatic e-mail notifications of each new transaction. Consumers typically use MoneyGram’s ExpressPayment service to quickly and electronically pay auto loans, home mortgages, credit card and other bills.

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Advanta to Offer Business Checking Accounts

Philadelphia-based The Bancorp Bank announced the creation of private label business checking services for business credit card customers of Advanta. Advanta’s business credit card customers will have the ability to open business checking accounts provided by Bancorp through its private label banking platform under the name My Business Checking, which includes complete online business checking account access and an Automated Clearing House transfer service using Bancorp’s exclusive E-Money Mover transfer service. The Bancorp Bank, a wholly owned subsidiary of The Bancorp, Inc., is an FDIC- insured commercial bank that provides financial services and products through private label affinity programs nationwide. Advanta is an issuer of MasterCard business credit cards to small businesses.

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Pennsylvania Takes on Gift Card Fees

Pennsylvania State Treasurer Robert Casey yesterday urged the General Assembly to pass legislation that would eliminate expiration dates and prohibit the imposition of fees on gift cards. Under current law, businesses are required to report unredeemed gift certificates and gift cards to the Treasury Department two years after their expiration date or five years after their purchase date if they don’t expire. Consumers who hold expired gift cards must wait until the end of this so-called “dormancy” period in order to claim the money that is rightfully theirs. Pennsylvania is currently holding $6.4 million in unclaimed gift card funds, Casey said. In 2005, Treasury collected $650,000 in unclaimed gift certificate/gift card funds from businesses but returned only about $25,800 to gift card owners.

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PULSE EFT Lands a Major Mid-Atlantic Deal

Pennsylvania-based Fulton Financial Corporation has joined the PULSE EFT Association. The new relationship between PULSE and Fulton Financial not only expands Fulton’s ATM and POS terminal reach, but also enables the company to offer its merchant base access to the PULSE PAY PIN debit service and enhance its already strong merchant services portfolio, as well as give the company access to PULSE’s wide range of value-added services. Fulton Financial Corporation is a $12.3 billion financial holding company.

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Driver’s License Payment Network to Launch

CO-based FASTLANE, a new payment network that is radically changing POS payment processing, will soon be launched as the first to allow consumers to pay for merchandise at the point of sale with a quick swipe of their driver’s license. Each terminal has an updateable algorithm that picks and chooses alphanumeric data elements from the data stored on the magnetic strip of the driver’s license, giving a customer a unique identifier that makes it almost impossible for anyone to compromise a customer’s financial information. If there is any evidence of an attempted breach of security or hacking the FASTLANE program immediately changes the algorithm for how information is selected. Additionally, the customer full payment and data information is stored offline.

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Debitman Card Network Expands into New York

New York-based Binghamton Giant Markets has agreed to issue its own branded “Giant EXTRA Plus” debit card to shoppers utilizing the Debitman Card network. The Giant EXTRA Plus Expanded Services will be issued to as many as 50,000 consumers in the Greater Binghamton area. Crdholders will be able to use their cards are more than 200,000 locations nationwide that are part of the Debitman Retailer’s Network, including Wal-Mart, Sam’s Clubs, CVS, Duane Reade, and Walgreen’s. Debitman is the provider of a shared network, retailer-issued PIN debit system that not only carries low transaction fees, but also provides retailers with revenue each time one of their cards is used for purchases.

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NCR Advanced Checkout Solution Enters Ohio

Ohio-based Zagara’s Marketplace is migrating its POS system to the NCR “Advanced Checkout Solution”. C&L Retail Solutions, an NCR RealPartner, delivered and installed the new 15-lane POS system. Software includes NCR Advanced Checkout Solution (ACS), the WinEPS electronic payment solution from MTXEPS and the BRdata back office application. C&L Retail Solutions is a full-service solutions provider that focuses on leading-edge POS technologies.

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