RBS Lynk Promotes a Grocery Executive

Atlanta-based RBS Lynk has promoted Michael Frank to VP of its National Sales Grocery division. Frank brings 30 years experience in grocery, merchandising management and store operations. Frank will be responsible for developing RBS Lynk’s national sales strategy focused on grocery and related markets including chain drug and wholesale club chains. Frank assumes the role of Vice President after managing a national sales territory for RBS Lynk. RBS Lynk is a single-source provider of electronic payment processing services and is a non-bank subsidiary of Citizens Financial Group, Inc., a $148 billion commercial bank holding company headquartered in Providence, R.I.

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Falcon ID Links to More External Databases

Fair Isaac has added two major providers of identity-validating data to its “Identity Clearinghouse.” TARGUSinfo and Qsent have agreed to provide information for use by Fair Isaac’s “Falcon ID” solution. “Falcon ID” includes “ID Clearinghouse” which accesses external data and validation services as required, and facilitates real-time sharing of critical information between companies in the same industry – and across different industries – to detect when an identity is compromised. In addition, “Falcon ID” is the only solution in the market that combines identity fraud detection with a configurable and Web-based case management system. “Falcon ID” is part of Fair Isaac’s “Falcon One” system.

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Interchange Litigation Bandwagon Grows

More merchant associations have jumped on the litigation bandwagon to take on credit card interchange fees. The latest group represents thousands of drug stores, convenience stores and food stores. The National Association of Convenience Stores, the National Association of Chain Drug Stores, the National Community Pharmacists Association and the National Cooperative Grocers Association filed an antitrust, class-action lawsuit against VISA, MasterCard, BofA, Citibank, Bank One, Chase, Capital One, among others, alleging the defendants colluded in setting interchange fees for credit cards. The suit was filed in the U.S. District Court for the Eastern District of New York on Friday by Robins, Kaplan, Miller & Ciresi. Last month, Kroger and six other major merchants filed a similar lawsuit against MasterCard, and in July against VISA. To-date, more than two dozen interchange-related lawsuits have been filed. The first major lawsuit by merchants to take on U.S. interchange fees, filed in October 2004, was thrown out of court in July for lack of standing under current antitrust laws. The judge found that the merchants had no factual basis to support their allegation that VISA and MasterCard set the merchant discount fee. A recent Morgan Stanley study determined that VISA and MasterCard interchange dollar volume grew to $17.4 billion last year, compared to $9.4 billion six years ago. (CF Library 6/23/05; 7/27/05; 8/4/05)

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e-Port Powers Spray Suntan Lotion Booths

Pennsylvania-based USA Technologies is integrating its “e-Port” payment card technology into spray suntan lotion booths to be installed in hotels nationwide. e-Port will provide debit and credit card transactions as well as provide real-time sales reporting, allowing the machines to be available to customers on demand. The e-Port technology operates on Cingular wireless and the transaction cost will automatically be deposited in the booth operator’s business account. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries.

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ViVOtech Raises $18MM in Funding Round

Contactless payment specialist ViVOtech has raised more than $18 million in a second round of funding led by Draper Fisher Jurveston. Also participating in the round are Nokia Growth Partners, DFJ Gotham and previous investor Alloy Ventures. ViVOtech provides an end-to-end transaction platform that allows consumers to make contactless payments. Draper Fisher Jurvetson has created a global network of affiliated venture funds with over $3 billion in capital commitments. Nokia Growth Partners focuses on investments in information and communications technologies. Alloy Ventures primary areas of investment are in information technology and life science industries with more than $750 million under management.

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STAR CHOICE MASTERCARD

Star Choice Communications and MBNA Canada have teamed to launch two co-branded rewards credit cards. The new “Star Choice Platinum
MasterCard” and the “Star Choice Preferred MasterCard” offer MBNA’s “WorldPoints” rewards program. Cardholders can also receive $50 in programming credits from Star Choice for pre-authorizing their monthly Star Choice to the card. The card carries a $29 annual fee.

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Fair Isaac Wins an Oracle Partner Award

Fair Isaac has won the “2005 Oracle North America Titan Partner of the Year Award” in the “Database” category. Based on Fair Isaac’s market-proven neural network and patented profiling technologies, the solution analyzes transaction data encompassing the traffic traversing a network and assigns risk scores that alert managers to potential network trouble. Oracle Partner Network is a global business network of 15,000 companies who deliver innovative software solutions based on Oracle software. Fair Isaac provides predictive modeling, decision analysis, intelligence management, decision management systems and consulting services.

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Smart Card Cross-License Agreement

Axalto and Infineon Technologies announced they have entered
into a non-exclusive cross-licensing agreement, granting each other
license rights regarding some of their respective patents in the field
of smart cards with enhanced connectivity. The deal centers around USB-enabled smart cards. Axalto is a provider of microprocessor cards and a major supplier of point-of-sale
terminals. Infineon Technologies AG offers semiconductor and
system solutions for applications in communication and memory products.

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NBD Implements S1 Postilion for its ATMs

The National Bank of Dubai has implemented the company’s “Postilion” product, S1 Electronic
Payment Management to run the bank’s expanding ATM network. “S1 Postilion,” delivered in conjunction with STS, the specialist system
integrator for the Middle East, fulfills all EMV compliance commitments and provides advanced services to NBD’s network of 131 ATMs. “S1
Postilion” will replace NBD’s existing system and enable the bank to take
advantage of new revenue generating opportunities. The National Bank of
Dubai is one of the UAE’s oldest and most prominent banking
institutions. Mosaic Software, an S1 Company, is a global EFT software
company with offices in the United States, the United Kingdom, South
Africa, and Asia Pacific.

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