Rent One Selects HIMC/Fast Transact Solution

HIMC and Fast Transact have signed an exclusive merchant contract with Rent One Online. Under the agreement, Rent One Online will utilize the HIMC/Fast Transact Rental Payment Management solution with its web-based vacation rental software program. The company will begin converting its clients over to Fast Transact for credit processing beginning this week. Rent One Online provides 100% Web-based marketing, management and travel solutions for vacation rental managers. Fast Transact provides integrated electronic payment technologies. HIMC Corporation is a leading provider of payment services to over 25,000 customers and offers the The PayByCheck services suite.

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ORCC to Acquire Integrated Data Systems for $5MM

Online Resources has inked a deal to acquire privately held Integrated Data Systems, a technology provider to over 50 credit unions, for $5 million in cash and stock, plus assumption of $300,000 of debt. IDS will become part of the Online Resources Banking Division and continue to operate from offices in Woodland Hills and Pleasanton, California. Online Resources powers Internet financial services for over 700 firms nationwide, serving over three million consumer end-users and processes over $10 billion in payments annually.

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Payment Data Systems and Thalassa Partner

San Antonio-based Payment Data Systems has signed a multi-year agreement in which Thalassa will be an exclusive referrer of PDS solutions and PDS will have non-exclusive marketing and distribution rights to the “Debit Card Load Kiosk” that has been designed and is being delivered by Thalassa. Features of the Kiosk include a magnetic card reader, Las Vegas-class currency acceptor, a touch screen LCD interface, remote web monitoring and management, and customizable capabilities such as card dispensing and wireless communication. Payment Data Systems, Inc., is an integrated payments solution provider of electronic payments to billers and retailers.

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EFMARK Premium Armored & Fiserv EFT Expand

EFMARK Premium Armored has signed an agreement with Fiserv EFT to provide maintenance and cash replenishment services for approximately 4,000 ATMs in 7-Eleven retail stores nationwide. Fiserv EFT, a unit of Fiserv, Inc, provides ATM and debit services and serves 3,000 client endpoints across the United States, representing financial institutions of all sizes. The business unit operates more than 16,500 ATMs, owns the ACCEL/Exchange Network and processes approximately 385 million ATM and debit transactions per month.

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Intelligent Finance Terminates Card

Intelligent Finance, an online bank, is shutting down its “offset” credit card program due to costs involved in upgrading to “chip and PIN.” IF has 70,000 cardholders in the program. Cardholders have a month to transfer to another card issued by IF. Intelligent Finance is a division of Halifax plc, which merged in September 2001 with the Bank of Scotland to form a new banking group called HBOS. Since its launch in September 2000, the Company has provided a range of banking services, and created a radical new approach to personal finance.

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Scotiabank Deploys Borland’s JBuilder and Together

Scotiabank recently began leveraging the combined benefits of Borland’s “JBuilder” Java development environment and Borland’s “Together” enterprise-level modeling solution to speed the delivery of top-quality software. Other Borland customers include APIR Systems, BNP Paribas Securities Services, Maybank Sdn Bhd, New Zealand Reserve Bank,
TIAA-CREF and VISA International. Australia-based APIR, a financial services coding agency, has been using Borland support and ALM solutions for almost four years. APIR recently selected Borland “CaliberRM” and “Together Designer” to collect, model and manage their technical and business requirements for application development.

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Fiserv Acquires Interactive Technologies

Fiserv has acquired Interactive Technologies, a developer of fee management and billing software for large and mid-sized financial services organizations with annual revenues of about $10 million. Interactive Technologies Advantage Fee System is a multi-currency, multi-lingual product that is sold worldwide. Interactive Technologies currently has about 60 clients. Fiserv, Inc. provides information management systems and services to the financial and health benefits industries. The company serves more than 16,000 clients worldwide and reported $3.4 billion in processing and services revenues for 2004.

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Consumer Education Phish Fry is Scheduled

TRUSTe and the Anti-Phishing Working Group are planning their first “Phish Fry” Consumer Education Summit, to communicate simple measures people can take to protect themselves from phishing. The event, sponsored by Charles Schwab, Ernst & Young, Mail Frontier, RSA and Symantec will include more than fifty executives from security-focused companies that recognize the need to create a safe environment for digital communications with customers. Sessions include a review of the current state of phishing and spoofing trends followed by an overview of current consumer education efforts and new ideas with broader reach to educate a mass audience. TRUSTe runs an award-winning global privacy certification and seal program.

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PELORUS Projects International STV Will Grow To $5T

Applications using prepaid debit card, smart card technology, and mobile payment technology could eventually generate more than $5 trillion of the worldwide global payments market. However, PELORUS Group says this might not be incremental revenue for some players. Traditional money transfer companies could see significant erosion in their market share. For many organizations, stored value could literally turn their fortunes upside down. PELORUS Group is hosting an “International Stored Value” conference on July 11 and 12 at the Fairmont Hamilton Princess in Bermuda.

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Consumers Demand Rent Payments on Cards

A new survey has found that a significant percentage of consumers would chose an apartment lease based on whether or not there was an automatic rent credit card payment program offered. The American Express survey found that 27% of AmEx cardholders stated that an automatic rent program would have a major impact on their decision to renew a lease compared with 17% for residents without an AmEx card. About 40% of AmEx cardholders in the survey stated that if choosing between two apartments, they would be extremely or very likely to rent one that offered an automatic credit card payment program compared to 29% for residents without an AmEx card. In a ranking of various amenities offered at many luxury rental properties, the ability to pay on a card that offers rewards ranked second among all amenities, behind only recreational facilities and above concierge services or clubhouse and social activities.

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VISA’s Utility Program Tops 500 Companies

Salt River Project, the nation’s third-largest public power utility and one of Arizona’s largest water suppliers, has joined VISA’s “Utility Program,” accepting VISA exclusively for automatic recurring bill payments. The Salt River Project joins approximately 500 residential utilities nationwide to offer nearly 7 million customers card payments. Cardholders can schedule regular payments to automatically pay their electric bills and track payments on their monthly card statements. Visa cardholders in over 150 countries carry more than 1 billion Visa-branded cards, accounting for more than $3 trillion in annual transaction volume. The Salt River Project District provides electricity to more than 860,000 retail customers in the Phoenix area.

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Sovereign Bank to Offer AmEx/MBNA Cards

PA-based Sovereign Bank will become the first retail bank in the nation to offer customers American Express-branded credit cards issued by MBNA. The new card includes the “Sovereign Rewards Program,” which offers various redemption options such as cash, travel, gifts, merchandise and more. Sovereign has more than 1,000 ATMs in the Northeast U.S. MBNA began issuing AmEx cards last year.

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