Friday, January 15, 2010

Discover Commits $100,000 for Haiti Earthquake Relief





Discover® Commits $100,000 for Earthquake Relief Efforts in Haiti, Pledges up to $1 Million More



Waives Transaction Fees on American Red Cross Credit Card Contributions



RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE:DFS) announced today that it is making an immediate commitment of $100,000 to the American Red Cross for earthquake relief efforts in Haiti, and is pledging up to $1 million more through a cardmember matching program. The Company will also waive the transaction fees on all credit card donations to the American Red Cross.





“The earthquake in Haiti has created an urgent need for assistance”



Starting today, Discover will match donations made by cardmembers of their Cashback Bonus to the American Red Cross, up to a total of $1 million. The Company also will be matching employee donations dollar-for-dollar.



“The earthquake in Haiti has created an urgent need for assistance,” said David Nelms, CEO of Discover. “We believe our cardmembers and employees share a strong interest in supporting the relief effort and wish to provide a means of doing so that will make their donations go further and help more people.”



For more information on the matching program and how to contribute, Discover cardmembers should visit www.discover.com.



About Discover



Discover Financial Services (NYSE: DFS) is a leading credit card issuer and electronic payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers student and personal loans, as well as savings products such as certificates of deposit and money market accounts. Its payments businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.







China's Mobile Internet Users Grew 120 Million in 2009



 The People's Daily is reporting that China's mobile web users grew by 120  Million last year...

China's mobile Internet users increased 120 million in 2009, said a report released by China Internet Network Information Center (CNNIC), the state network information center of China, on Friday morning.



Spurred by booming 3G mobile services, China has had 233 million of mobile Internet users by the end of December 2009, accounting for 60.8 percent of China's Internet population. More people use cell phones and laptops to surf on the Internet. Meanwhile, surging e-business applications has brought China's Internet industry more money.



After years of booming, the increase rate of China's Internet population has slowed down in 2009. By December 30, 2009, China's Internet users totaled 384 million, up 28.9 percent year on year.



The structure of China's Internet users is improving, despite slower growth rate. The report showed that 346 million of Internet population are broadband subscribers, increasing 76 million compared with the previous year. Internet population in the rural area grew 26.3 percent to 106.81 million, accounting for 27.8 percent of China's Internet users.






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SunTrust Selects MasterCard for Debit Cards



ATLANTA and PURCHASE, N.Y., Jan. 14 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc. (NYSE: STI) and MasterCard Incorporated (NYSE: MA) today announced that SunTrust will convert the company's debit card programs to MasterCard. After the conversion to MasterCard-branded debit cards, which is expected to begin late this year, SunTrust will issue approximately five million MasterCard® debit cards that can be used everywhere MasterCard debit cards are accepted, including ATMs. The terms of the agreement were not disclosed.



In addition to MasterCard debit cards, SunTrust will expand its current commercial card offering in the future to include MasterCard branded commercial credit cards. SunTrust will continue to offer Visa branded cards as an option for various consumer and commercial credit products.



"We are constantly monitoring and evaluating payment options in order to provide our clients with those we believe will offer the best client experience," said Hugh Gallagher, SunTrust's Senior Vice President for deposit product management. "Partnering with MasterCard to provide access to their first-class system and enhancing our payment offerings is a reflection of that commitment."



"SunTrust plays an integral role in helping its clients, institutions and communities prosper by meeting their needs and exceeding expectations, even in times of economic stress," said Chris McWilton, President, U.S. Markets, MasterCard Worldwide. "We are delighted SunTrust chose MasterCard as a payments partner for growth. Through our partnership, we will focus on the fundamentals of what matters most to SunTrust's clients and together, we can make a difference in their lives."



About SunTrust Banks, Inc.



SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of September 30, 2009, SunTrust had total assets of $172.7 billion and total deposits of $119.3 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24 hours delivery channels. The Company also serves clients in the selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and capital markets services. SunTrust's Internet address is suntrust.com



About MasterCard Worldwide



MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter: @mastercardnews

TD Charitable Foundation Strengthens Local Communities with $13 Million in Financial Support in 2009

CHERRY HILL, N.J. and PORTLAND, Maine, Jan. 14 /PRNewswire/ -- The TD Charitable Foundation, the charitable giving arm of TD Bank, America's Most Convenient Bank®, recently announced it has contributed $13 million to local community initiatives totaling more than 1,400 grants to community based organizations from Maine to Florida. Since its inception in 2002, the Foundation has donated a total of $56 million.



(Logo: http://www.newscom.com/cgi-bin/prnh/20090121/PH60962LOGO-a )



In 2009, the TD Charitable Foundation provided funding for affordable housing efforts, and educational and financial literacy initiatives through individual grants and its special grant programs: "Housing for Everyone" and the Non-Profit Training Resource Fund. The Foundation also assisted TD Bank's Summer Reading Program by awarding grants to local school libraries from Maine to Florida during National Library Week.



"The TD Charitable Foundation is committed to making meaningful and positive contributions to our communities. We're dedicated to the support of organizations that strive to improve the quality of life in our neighborhoods as we make a difference together," said Elizabeth Warn, president of TD Charitable Foundation and executive vice president of community development for TD Bank.



The 2009 Housing for Everyone grant competition provided funding for non-profit housing projects that help to stabilize the housing environment in communities where TD Bank does business. A total of $2 million was awarded to 56 non-profits in 12 states, a 33% increase in program awards from 2008.



In 2009, the Foundation donated $3.5 million to support and sustain educational and financial literacy initiatives and programs. To launch TD Bank's 2009 Summer Reading Program, which encourages children to read and teaches them about saving money, the TD Charitable Foundation awarded $500,000 in grants to local school libraries. Through this initiative, one hundred school libraries, primarily in low- to moderate-income areas, received $5,000 grants for new books, technology resources, or to support existing library programs.



The Foundation's Non-Profit Training Resource Fund awarded grants of up to $1,000 to 84 non-profit organizations to support job training, education and professional development opportunities for their employees. In the last three years, 218 grants totaling $192 thousand have been made to strengthen the capacity of non-profit organizations to address community needs.



Over the past year, the Foundation also provided $700,000 to more than 40 United Way agencies and donated nearly $700,000 to food banks from Maine to Florida providing more than 2.6 million meals to those in need.



In 2010, the TD Charitable Foundation will continue to concentrate its giving efforts on affordable housing, and education and financial literacy, with the environment as an additional area of focus.



About the TD Charitable Foundation



The TD Charitable Foundation is the charitable giving arm of TD Bank N.A., which operates as TD Bank, America's Most Convenient Bank®, and is one of the 15 largest commercial banking organizations in the United States. The Foundation's mission is to serve the individuals, families and businesses in all the communities where TD Bank operates, having made over $56 million in charitable donations since its inception in 2002. The efforts of the Foundation are coordinated locally through TD Bank's community relations departments and are focused on the areas of affordable housing, education and financial literacy, and the environment. More information on the TD Charitable Foundation, including an online grant application, is available at www.TDBank.com.



SOURCE TD Charitable Foundation RELATED LINKS

http://www.TDBank.com

Thursday, January 14, 2010

Strong Holiday Sales Improve E-Commerce Outlook

US Holiday Season Retail E-Commerce, by Shopping Period, 2008 & 2009 (millions and % change)Jeffrey Grau, eMarketer Senior Analyst, provides his take comScore's US Online Holiday Sales...



comScore reports the final tally for 2009 US online holiday sales was up 4% over 2008, to $29.1 billion. In mid-November, eMarketer predicted 2009 US online holiday sales would grow a slightly higher 5.4% and total $30.0 billion.



This modest increase represents a vast improvement over the 5.7% decline recorded last year, when consumers and retailers were feeling the full impact of the recession.

More consumers opted to shop online on Black Friday instead of wading through crowded malls, as evidenced by the strong growth in e-commerce sales. Consumers felt more confident in their abilities to find good deals online, and several large, store-based retailers such as Wal-Mart and Target offered aggressive online promotions to capture consumer spending before it dried up, contributing to strong online sales.



Online sales surged on December 15 as last-minute shoppers made their final purchases and retailers’ deadlines for guaranteed free shipping approached. Online sales continued to be strong during the final week before Christmas as a weekend snowstorm hit the Eastern Seaboard and forced many shoppers to finish their holiday purchases online.



Top 10 US Holiday Season Retail E-Commerce Spending Days*, 2009 (millions)

This was the year that retailers made their Facebook and Twitter presence a noticeable part of their promotional marketing strategy. And consumers who have honed their online research skills during the recession went online more than ever to compare prices, download coupons and find special gifts. Visits to coupon sites showed strong growth in November.



Shoppers also turned to the mobile channel in the 2009 holiday season. eBay reported that the number of items purchased using its mobile app tripled over the same period in 2008.



Last year’s online holiday sales growth portends that brighter days are ahead. eMarketer predicts that e-commerce sales growth will accelerate in 2010, even though many consumers will continue to feel financial pain.



Keep up on the latest digital trends. Learn more about an eMarketer Total Access subscription, today.



Check out today’s other article, “Web is Bright Spot in Europe Travel Market.”

eBillme Expands Executive Team to Support Consumer and Bank Relationships



The Company Announces Three New Hires Following an Increased Demand for Cash Checkout by Consumers and Merchants over the Last Year





RYE BROOK, N.Y.--(BUSINESS WIRE)--eBillme™, the most secure payment option online that enables consumers to pay with cash using online banking and walk-in locations, today announced the addition of new executive team members Robert MacColl, Vice President of Corporate Development; David Koch, Vice President of Business Development; and Eric Lituchy, Director of Consumer Marketing. These positions, all new to the company, will help eBillme increase visibility in the consumer and financial institution sector.



“Last year our company saw tremendous growth as consumer and retail sentiment towards cash payments rose,” says Marwan Forzley, President and CEO of eBillme. “We’re committed to delivering a secure debt-free shopping experience for eCommerce and each of these new team members will dramatically enhance our ability to do so. Robert, David, and Eric bring a wealth of knowledge and unique experience to our company and we are confident that they will help us take eBillme further into the consumer, merchant, and financial institution sectors.”



As the new Vice President of Corporate Development, Robert MacColl will lead eBillme’s corporate development efforts and play a critical role in strategy development and identifying new market opportunities for the company.



MacColl comes to eBillme with 10 years of payments experience at MasterCard, where he served as the Group Executive of Global Acquisitions and Development with global transaction responsibilities while overseeing competitive intelligence and research functions. Most recently, MacColl held the position of CFO for Towah Group, a European prepaid company, where he still serves as a board member.



In his role as Vice President of Business Development, David Koch brings expertise from his sales and marketing positions at MasterCard to help eBillme expand its relationships with financial institutions. Koch will oversee the recently launched eBillme Affinity and Revenue Sharing Program for banks, bill pay, prepaid card providers, and walk-in networks.



Prior to his work at MasterCard, Koch held positions at Argus Information and Advisory and led business development efforts for Promereo, a payments start-up. He served nine years in the U.S. Navy as a naval aviator. He holds an SB in mechanical engineering from the Massachusetts Institute of Technology and an MBA from the Darden School at the University of Virginia.



Eric Lituchy brings a unique merchant perspective to the eBillme team as Director of Consumer Marketing. For nearly 15 years, Lituchy has generated revenue through successful online businesses as an executive leader and business owner. His eCommerce company, DelightfulDeliveries.com, was named an Internet Retailer Top 500 website from 2004-2007 and in 2008, earned recognition by Internet Retailer as a Top 100 website.



About eBillme



eBillme™ is the most secure way to pay online and the only online payment solution that extends the convenience of online banking to the merchant’s checkout process. The service enhances security for online shoppers, and enables merchants to increase sales while reducing transaction costs. No financial data is exposed and the payment transaction is securely transferred from the customer’s bank to the retailer’s bank. Consumers can shop online, by catalog or through call centers, and pay for their purchases at their bank, credit union, or bill pay portal using the security and convenience of online banking or by paying the bill at over 75000 walk-in locations. For more information, please visit www.eBillme.com or eBillme’s Online Debt-Free Shopping Mall at http://Shop.eBillme.com.

Newtek Business Services, Inc., Introduces NewtPay(TM) and NewtPay Pro(TM) for Online Ecommerce





Newtek Business Services, Inc., The Small Business Authority, Introduces NewtPay(TM) and NewtPay Pro(TM) for Online Ecommerce Business Operators



January 14, 2010: 09:01 AM ET



NEW YORK, Jan. 14, 2010 (GLOBE NEWSWIRE) -- Newtek Business Services, Inc. (Nasdaq:NEWT), The Small Business Authority, has announced the introduction of its newest Ecommerce products, NewtPay(TM) and NewtPay Pro(TM), to streamline online operations for small businesses including start-ups.



In response to the needs of its small business customers, Newtek created NewtPay(TM) and NewtPay Pro(TM) to deliver a seamless, online Ecommerce solution by harnessing the knowledge and expertise of two of Newtek's primary small business services, Newtek Web Services and Newtek Merchant Processing,. Both products draw on the three core areas necessary for an effective Ecommerce product: * accelerated approval for merchant payment processing accounts;
  • 48 hour availability of funds from online transactions; and

  • a single telephone number to call for all facets of online storefront activity including website access, hosting, gateway, shopping cart and electronic payment processing.



"In handling online, electronic storefronts as well as the brick and mortar presence for tens of thousands of business owners over the past decade, we found that most customers had similar Ecommerce needs," commented Barry Sloane, CEO and Chairman of Newtek. "NewtPay(TM) and NewtPay Pro(TM) were developed with those client demands in mind, including increased security and compliance updates which incorporate the latest directives for data center protection and PCI Compliance."



NewtPay(TM) is primarily focused on the Website Designer and Developer community as well as business owners establishing their initial online e-commerce presence to provide a competitive solution to PayPal(TM), with superior pricing, customer funds availability and Newtek's standard, superior customer service. NewtPay Pro(TM) provides features and enhanced functionality to those businesses that currently have an online presence. Given that small business owners across the U.S continue to fight through a tough economy, Newtek is in the market everyday doing what it can to help businesses reduce costs, provide needed capital and solve their Ecommerce needs.



About Newtek Business Services, Inc.



Newtek Business Services, Inc. is a direct distributor of a wide range of business services and financial products to the small- and medium-sized business market under the Newtek(TM) brand. Since 1999, Newtek has helped small- and medium-sized business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses and to compete effectively in today's marketplace. Newtek provides one or more of its services to over 100,000 business accounts and has positioned the Newtek(TM) brand as a one-stop-shop provider of such business services. According to the U.S. Small Business Administration, there are over 29.6 million small businesses in the United States, which in total represent 99.7% of all employer firms.



Newtek's business service lines include: * Electronic Payment Processing: Ecommerce, Electronic solutions to accept non-cash payments, including credit and debit cards, check conversion, remote deposit capture, ACH processing, and

electronic gift and loyalty card programs.
  • Web Hosting: Full-service web host which offers Ecommerce solutions, shared and dedicated web hosting and related servicesincluding domain registration and online shopping cart tools.

  • Business Lending: Broad array of lending products including

  • SBA 7(a) and SBA 504 loans.

  • Insurance Services: Commercial and personal lines of insurance, including health and employee benefits in all 50 states, working with over 40 insurance carriers.

  • Web Services: Customized web design and development services.

  • Data Backup, Storage and Retrieval: Fast, secure, off-site data backup, storage and retrieval designed to meet the specific regulatory and compliance needs of any business.

  • Accounts Receivable Financing: Receivable purchasing and financing services.

  • Payroll: Complete payroll management and processing services.





For more information, please visit www.newtekbusinessservices.com. CONTACT: Newtek Business Services, Inc.

Barry Sloane, Chairman and CEO

212-356-9500

bsloane@newtekbusinessservices.com



Western Union Commits $250,000 to Earthquake Relief Efforts in Haiti





No Fee Money Transfer Services to Haiti from the U.S., Canada and France




ENGLEWOOD, Colo.--(BUSINESS WIRE)--To help the victims of Haiti’s deadliest earthquake in more than 200 years, The Western Union Company (NYSE:WU), a leader in the money transfer segment of global payments, today announced a number of disaster relief efforts in support of Haiti, including: grants; consumer, Agent and employee donation programs; and a "No Transfer Fee" initiative when sending money to Haiti from the U.S., Canada and in France, in cooperation with our Agents.





“The hearts of all Western Union employees go out to everyone affected by this disaster, including to our colleagues with families and friends in Haiti.”



Through its corporate signature program, Our World, Our Family®, The Western Union Company will contribute $150,000 towards disaster relief efforts. The Western Union Foundation will donate an additional $100,000 to help provide basic human relief efforts such as food, safe drinking water, access to sanitation facilities, clothing and temporary shelter through Mercy Corps and Save the Children response teams actively working in Haiti.



Western Union, through its global foundation, has activated its Agent Gift Matching Program in support of Haiti, matching one-for-one Agent donations from around the world. Western Union also is encouraging employee donations to be made directly to the Western Union Foundation in support of the Haiti Earthquake Relief Fund. All employee donations will be matched one-to-one.



Additionally, The Western Union Company has set up a special account in the U.S. – MERCYCORPS, OR – benefitting Mercy Corps in support of disaster relief efforts in Haiti. Consumers in the U.S. can donate by sending a no fee money transfer directed to the Mercy Corps account, for up to $5,000 over the next 30 days by visiting a Western Union Agent location or online at www.westernunion.com.



"The damages in Haiti are catastrophic, leaving the country in need of immediate support," said Stewart A. Stockdale, executive vice president and president, The Americas. "The hearts of all Western Union employees go out to everyone affected by this disaster, including to our colleagues with families and friends in Haiti."



Western Union also is launching a "No Transfer Fee" pricing action for any amount sent to Haiti from the United States, Canada and France. The "No Transfer Fee" initiative will run for a period of seven days, once service is reestablished throughout the country, when sending money to Haiti from the U.S., Canada and in France, in cooperation with our Agents.



Remittances will be vital in offering emergency support to families and friends. Western Union is actively working together with its Agents in Haiti and throughout the region to help facilitate the delivery of services in a fast, reliable and convenient manner during this time of need.



“Western Union is working closely with our dear friend Wyclef Jean and his charitable organization Yéle Haiti to help raise global awareness of post disaster relief efforts in Haiti,” concluded Stockdale.



Western Union, through its corporate signature program Our World, Our Family®, recently announced a $225,000 donation to Wyclef's charitable organization, Yéle Haiti www.yele.org, to support education projects in his native country of Haiti. A portion of the grant will be used to support rebuilding efforts, primarily in the areas of education and vocational training.



Western Union is committed to fostering hope in the developing world by creating a dialogue about issues that impact our consumers and our global community.



Western Union is not charging a transfer fee, however the conversion of currency may result in a foreign exchange gain. Western Union pays out in US dollars in Haiti.



About Western Union



The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta and Pago Facil branded payment services, Western Union provides consumers with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. Western Union, Vigo and Orlandi Valuta operate through a combined network of more than 400,000 Agent locations in 200 countries and territories. In 2008, The Western Union Company completed 188 million consumer-to-consumer transactions worldwide, moving $74 billion of principal between consumers, and 412 million consumer-to-business transactions. For more information, visit www.westernunion.com.



About The Western Union Foundation



Through Western Union's Our World, Our Family(R) signature program, the Western Union Foundation supports initiatives to empower individuals, families and communities through access to better education and economic opportunity. Recognized by the Committee Encouraging Corporate Philanthropy in 2009, the program is a five year, $50 million commitment reflecting the efforts made by Western Union employees, Agents, and partners around the world. Since its inception, the Western Union Foundation has awarded over $57 million in grants and disaster relief to over 1,900 nongovernmental organizations (NGOs) in 100 countries. For more information, visit http://foundation.westernunion.com.



About Mercy Corps



Mercy Corps helps people in the world's toughest places turn crises of natural disaster, poverty and conflict into opportunities for progress. Driven by local needs and market conditions, our programs provide communities with the tools and support they need to transform their own lives. Our worldwide team of 3,700 professionals is improving the lives of 16.7 million people in more than 40 countries. For more information, visit http://www.mercycorps.org.



About Save the Children



Save the Children is the leading, independent organization that creates lasting change for children in need in the United States and around the world. Save the Children USA is a member of the International Save the Children Alliance, a global network of 29 independent Save the Children organizations working to ensure the well-being and protection of children in more than 120 countries. Follow us on Twitter and Facebook. WU-G



MoneyGram Names Timothy C. Everett EVP and General Counsel



MoneyGram International Names Timothy C. Everett Executive Vice President and General Counsel

MINNEAPOLIS--(BUSINESS WIRE)--MoneyGram International (NYSE:MGI), a global leader in the payment services industry, today announced that it has named Timothy C. Everett executive vice president and general counsel, reporting to Pamela H. Patsley, MoneyGram chairman and CEO.



“I am very pleased to welcome Tim to MoneyGram. He is highly regarded in the legal community and his experience in large, multi-national corporations will be invaluable to MoneyGram as we continue to accelerate our growth and gain market share,” said Patsley.



Everett brings to MoneyGram more than 20 years of leadership experience in litigation, mergers and acquisitions, corporate governance, regulatory compliance, securities laws and government relations.



He most recently served as vice president and secretary for Kimberly-Clark Corporation in Dallas, Texas. Prior to that, Everett was an associate with Akin, Gump, Strauss, Hauer & Feld, L.L.P.



Everett holds a J.D. from the University of Texas School of Law and a B.B.A. also from the University of Texas at Austin. Everett is a member of the Texas State Bar and a certified public accountant.



About MoneyGram International



MoneyGram International offers more control and more choices to people separated from family and friends by distance or those with limited bank relationships to meet their financial needs. A leading global money transfer company, MoneyGram International helps consumers send money around the world with funds arriving at available agent locations in as little as 10 minutes. Its global network is comprised of 186,000 agent locations in 190 countries and territories. MoneyGram's convenient and reliable network includes retailers, international post offices and financial institutions. To learn more about money transfer at an agent location please visit www.moneygram.com or find us on Facebook.

U.S. Bank Helps FlexPerks Visa Customers Offset New Airline Baggage Fees

http://www.usbank.com

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank will increase the allowance it provides to FlexPerks Travel Rewards Visa Signature card customers for airline fees in response to recent announcements that some airlines are raising baggage fees again.



Beginning January 20, when FlexPerks Travel Rewards cardholders redeem FlexPoints for an airline award ticket they will also get a $25 allowance for that trip to help pay for baggage, in-flight food and drink or other airline fees. The innovative benefit, which was previously set at $20, was designed to enhance the overall award travel experience and help drive home the notion that free award travel should actually be free.



U.S. Bank introduced FlexPerks in mid-2009 and in December was named the “Best Credit Card if You Want Travel Perks” by Kiplinger’s Personal Finance. FlexPerks enables customers to quickly earn points toward free flights – which can be redeemed with as few as 20,000 FlexPointsSM for airline tickets valued up to $400 on over 150 airlines with no blackout dates, capacity controls or e-ticket booking fees. Cardholders earn one FlexPoint for each dollar spent, simply by using their FlexPerks Travel Rewards card. Double FlexPoints are earned automatically for gas, groceries or airline purchases – whichever is highest for the customer during the month.



U.S. Bank Retail Payment Solutions (RPS) is one of the nation’s leading providers of payment processing, issuing and advisory services. RPS offers credit, debit, and prepaid payment solutions to consumers and small businesses through U.S. Bank and in partnership with financial institutions, businesses, governments and employers.



About U.S. Bancorp

Minneapolis-based U.S. Bancorp (NYSE: USB), with $265 billion in assets as of September 30, 2009, is the parent company of U.S. Bank National Association, the 6th largest commercial bank in the United States. The company operates 3,002 banking offices in 25 states and 5,170 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.

Visa Deal Pushes Heartland Breach Settlement Costs (So Far) To $65 Million

StorefrontBacktalk.com's Fred J.  Aun published an article this morning talking about Heartlands recent settlement with Visa.  Heartland Payment Systems had previously settled a card holder class action suit and reached an agreement with American Express for $3.6 million. As the breach related settlement tab climbs towards the $70 million mark,  he is quick to point out that MasterCard, Discover and others have yet to settle.









A settlement with Visa announced Friday (Jan. 8) will require Heartland Payment Systems (HPS) to pay $59.2 million to compensate Visa card issuers for costs they incurred due to Heartland’s massive 2007 data breach. The Visa settlement follows two other recent agreements, one with American Express and another with a group of breach-affected cardholders, and it will bring Heartland’s breach-related settlement compensation tab to about $65 million.  But the bleeding won’t stop there. HPS has yet to reach agreements with Discover, Mastercard or others...
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Card Fraud in the United States: The Case for Encryption











A New Report From Aite Group
Card Fraud in the United States: The Case for Encryption
The card industry should focus on encryption technologies, cutting off the source of card data for criminal networks.



A new report from Aite Group, LLC provides directional guidance on the most effective forms of card fraud management for the United States today. Based on interviews with more than 30 fraud management professionals worldwide, the report provides an overview of the U.S. card fraud landscape. It examines available fraud prevention solutions and proffers an in-depth analysis of implementation cost and anticipated success rate.

Card fraud costs the U.S. card payments industry an estimated US$8.6 billion per year. Though it comprises only 0.4% of the US$2.1 trillion in total yearly U.S. card volume, this area remains troubling for the industry. Fighting card fraud effectively involves triage and telepathy - picking appropriate battles to fight while anticipating fraudsters' next steps based on the rapidly evolving technological landscape. Card technologies in the United States are unlikely to be universally upgraded anytime soon due to prohibitively high implementation costs and the loss of signature interchange. Given the relative speed and cost efficiency for deployment, the most practical method of mitigating card fraud today would be based around end-to-end encryption.



"Criminals need access to deep seams of card data," says Nick Holland, senior analyst with Aite Group and author of this report. "Cutting off the supply of data via a national-level deployment of end-to-end encryption would significantly reduce counterfeit and lost and stolen card fraud."



This 45-page Impact Report contains 25 figures. Clients of Aite Group's Retail Banking service can download the report by clicking on the icon to the right.



Related Aite Group Research:



PIN Debit Growth Continues to Outperform Signature Debit

December Transaction Growth was Healthy



Consumers Shifted More Purchases to PIN Debit During the Holidays. PIN debit transaction growth continued to outperform, with growth of 12.5% in December. PIN debit and EBT growth remained healthy



  • PIN Debit transactions increased to 12.5% in December.

  • Credit & Signature Debit transaction growth increased to 4.6%.

  • However, this was a decline from November’s rate of 5.8% as consumers used more PIN Debit.

  • EBT transaction growth remained high at 37.0%. High unemployment continued to fuel government disbursements.

  • Note: In June 2009, the government mandated the use of EBT cards for all U.S. SNAP/Food Stamp Program benefits.



Transaction Growth Increased to 8.0% in December. Healthy transaction growth in November continued in December.



Value Merchants Continued to Excel. Value Merchants experienced 14.1% transaction growth in December while most industries also posted gains.



Average Tickets Down Slightly Year-over-Year But Up Compared to November. Most industries experienced slight declines in average tickets compared to December 2008. However average tickets increased compared to November 2009 due in part to Value Merchants and Grocery Merchants.









Gemalto Corrects Payment Card Breakdown in Germany



Gemalto Provides Secure Corrective Procedure to Its Banking Customers in Germany

AMSTERDAM--(BUSINESS WIRE)--Regulatory News:





Following its statement of January 6, 2010 related to the German payment cards, Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security, confirms that it has provided a secure procedure to its customers in Germany to address the situation. The secure solution was timely verified and approved by the German banking authorities on January 7 as keeping the concerned EC cards and credit cards fully compliant with the German card banking system.



Olivier Piou, Gemalto CEO added: “This is a regrettable incident, and we are doing everything in our power to support our banking customers in resuming full normal operations. We worked with them hand-in-hand to create a strong secure software solution that enables our customers to resolve the problem of the concerned cards without reissuing these cards. All along we kept at heart to consistently maintain a high level of security for our customers and the German cardholders.”



Pursuant to IAS 37, Gemalto will book a special provision to cover the potential consequences related to this event. This exceptional charge, of an amount estimated in the range of 6 to 10 million euros, will be booked as part of 2009 results, modifying accordingly Gemalto’s expectation of around 180 million euros adjusted EBIT for the year by the same amount.



About Gemalto



Gemalto (Euronext NL 0000400653 GTO) is the world leader in digital security with 2008 annual revenues of €1.68 billion, and 10,000 employees operating out of 75 offices, research and service centers in 40 countries.



Gemalto is at the heart of our evolving digital society. The freedom to communicate, travel, shop, bank, entertain, and work—anytime, anywhere—has become an integral part of what people want and expect, in ways that are convenient, enjoyable and secure.



Gemalto delivers on the growing demands of billions of people worldwide for mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security. We do this by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM), Universal Integrated Circuit Card (UICC) in mobile phones, smart banking cards, smart card access badges, electronic passports, and USB tokens for online identity protection. To complete the solution we also provide software, systems and services to help our customers achieve their goals.



As the use of Gemalto’s software and secure devices increases with the number of people interacting in the digital and wireless world, the company is poised to thrive over the coming years.



For more information please visit www.gemalto.com.

Ukash Now Available in France



London, Jan. 13, 2010 -- Ukash, the world's fastest-expanding prepaid-cash issuing estate, continues its international expansion in 2010 with the announcement that the company's e-cash vouchers are now available directly nationwide to consumers in France for the first time, through a partnership with major issuing network la SAF.

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Consumers can now purchase Ukash vouchers to shop safely online from 15,000 point of sale terminals operated by la SAF and its subsidiaries, found mostly in tobacconists and newsagents across the country.



A paper voucher will be issued at point of purchase with a code that is redeemable at any site where Ukash is accepted and can be combined, split or converted; a convenient way for consumers to shop online across websites from different countries.



Ukash has been operating successfully in France for some time and vouchers have been available via the prepaid Toneo card and online through a secure bank transfer (by visiting www.ukash.com) since mid-2009. Consumers can still obtain Ukash through Toneo and online but can now also get Ukash directly in 15,000 outlets. Globally, Ukash is available at more than 300,000 physical issuing points and spans 29 countries.



Mark Chirnside, Chief Executive Officer, Ukash, said: "Since Ukash first launched in France, it has proven to be a very popular payment method, and our new partnership with la SAF is evidence of the rising consumer need in the country to spend cash online. Now consumers can purchase Ukash conveniently from physical locations across the country, allowing more people to benefit from the simplicity and privacy of shopping online with cash."



Source: Company press release.







Wednesday, January 13, 2010

ProPay to Host 2010 Data Security Summit



Distinguished Leaders from the Payment Industry to Speak About Protecting Sensitive Payment Information and Ways to Avoid a Data Compromise



LEHI, Utah--(BUSINESS WIRE)--ProPay (www.propay.com), an industry leader in end-to-end data security encryption, credit card processing and electronic payment services, announced the lineup for its 2010 Data Security Summit set for March 9-10, 2010, at The Canyons Resort in Park City, Utah.


“The payment industry is under constant attack, and sensitive payment data continues to fall into the hands of hackers”




This year’s roster of presenters features Avivah Litan, Vice President and Distinguished Analyst, Gartner Research; Bob Russo, General Manager, PCI Security Standards Council; Chris Mark, CPISM/A, CISSP, CIPP; Tia Ilori, Compliance Program Manager, Visa; John Bartholomew, Vice President of Sales, and David Ellis, Director of Forensic Investigations, Security Metrics; Fred Laing, President, UMACHA—Regional NACHA Association—and Chairman of the Internet Council; Matt Sarrel, Executive Director, Sarrel Group; and Veronica Flanagan, Vice President of Payment Network Compliance, Wells Fargo Merchant Services.



  • Over the two-day conference, speakers will address:

  • Risks associated with storing sensitive payment data

  • The magnitude and long-term effects of a data compromise on shareholder value

  • How data thieves are trying to get to your data

  • How you can protect your sensitive payment data from data thieves

  • What you need to do to ensure PCI-DSS compliance

  • How online credit card compromise is perpetrated

  • Additional security insights and strategies



“The payment industry is under constant attack, and sensitive payment data continues to fall into the hands of hackers,” said Gary Goodrich, CEO of ProPay. “The 2010 Data Security Summit will give attendees the background and ammunition they need to go on the offensive. The presenter lineup that has been assembled is a Who’s Who list from the payment industry. Certainly, they will enlighten the attendees with new information that will aid their business’ safety and security moving forward.”



Featured Speakers Include:




Avivah Litan, Vice President and Distinguished Analyst, Gartner



Ms. Litan is arguably the most respected and widely read expert on financial fraud. She also covers authentication, identity theft, fraud detection and prevention applications, as well as other areas of information security and risk. She speaks frequently around the country on payment systems and financial flows in the business-to-consumer and business-to-business markets.



Bob Russo, General Manager of the PCI Security Standards Council



Mr. Russo works with representatives from American Express, Discover Financial, JCB, MasterCard Worldwide and Visa International to drive awareness and adoption of the PCI Data Security Standard. As part of his responsibilities, Russo oversees the PCI Security Standards Council's training, testing and certification programs for Qualified Security Assessors (QSAs) and Approved Scanning Vendors (ASVs) and related staff, serving as a key resource for the certification process. He also coordinates research and analysis regarding PCI DSS, soliciting feedback from the vendor and merchant community, and driving recruitment of stakeholders as Participating Organizations in the Council.



Chris Mark, CPISM/A, CISSP, CIPP



Mr. Mark is a noted payment card security expert. In addition to working for MasterCard and with Visa on their respective security programs, Chris was a member of the PCI SSC technical working group. He was one of the industry's first QSAs and conducted scores of PCI DSS assessments. From 2007-2009 Chris conducted PCI related training on behalf of Visa and was a QSA trainer. He personally trained over 10,000 people worldwide. Chris has published numerous articles and spoken at numerous events on the topic of information security within the payment card industry.



Tia Ilori, Compliance Program Manager, Visa



Ms. Ilori has held numerous positions throughout the organization in areas such as Technology Support Services, Issuer Risk Management, and Fraud Investigations and Incident Management. In her current role as a Compliance Program Manager, Tia is responsible for the management of Visa's US Payment Card Industry Data Security Standard (PCI DSS) Level 1 and Level 2 merchant compliance program, as well as managing Visa's franchise security best practices programs which helps drive PCI DSS into franchise businesses. Tia recently authored a Visa data security bulletin outlining key payment system security practices franchise operators can leverage to meet their obligation to comply with the PCI DSS and is also directly responsible for managing and hosting Visa's PCI DSS training seminars.



Fred Laing, President, UMACHA



Mr. Lang is president of UMACHA, a NACHA regional association, and has been for 25 years. Mr. Laing has designed and presented workshops on all facets of the ACH network including risk management, compliance, marketing and rules. He has also developed and presented sessions on Payment Systems Fraud, Data Security and Cash Management.



John Bartholomew, VP Sales, Security Metrics



Mr. Bartholomew, Vice President of Sales for Security Metrics, has been with Security Metrics since 2001 and has contributed to consistent triple-digit growth for the company. Security Metrics has assisted more than 400,000 merchants in over 40 countries with their PCI compliance.



David Ellis, Director of Forensic Investigations, Security Metrics



Mr. Ellis holds QIRA (Qualified Incident Response Assessor), QSA (Qualified Security Assessor), and CISSP (Certified Information Systems Security Professional) certifications. In addition to his forensics background, David has over 20 years of law enforcement and investigation experience. He was a Lieutenant of Police with the Oakland Police Department and has trained at the FBI National Academy.



Matt Sarrel, Executive Director, Sarrel Group



Mr. Sarrel is a Certified Information Systems Security Professional (CISSP) with 20 years of information and network security experience. Sarrel currently writes for a number of publications and websites including PC Mag, eWeek, CIO Update and GigaOM. Sarrel has written for and spoken to numerous international audiences about information technology and information security. He participated as an expert in two Federal Trade Commission workshops, one about spam in 2003 and one about spyware in 2004.



Veronica Flanagan, Vice President of Payment Network Compliance, Wells Fargo



Ms. Flanagan is responsible for managing all facets of Wells Fargo Merchant Services’ compliance with Visa, MasterCard, Discover and debit network rules, managing programs such as PCI, PA-DSS and the Triple Data Encryption Standard (TDES). She has 17 years of industry experience that includes roles as Credit and Risk Manager for Wells Fargo Merchant Services and Director of Service Quality at Visa.



Registration fees for the 2010 ProPay Data Security Summit are $199 per person. ProPay is offering a $50 early bird discount if registration is completed by February 1, 2010. For more information about the Data Security Summit, including how to register and speaker topics, please visit www.propaysummit.com, or e-mail marketing@propay.com or call 888-227-9856.



About ProPay



Since 1997, ProPay has led the market in providing simple, safe and affordable credit card processing and electronic payment services for businesses ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is leading the industry as a provider of complete end-to-end payment security and encryption solutions for organizations. ProPay’s solutions reduce a merchant's risk of breaches and PCI scope by removing the data. ProPay is a privately held company, headquartered in Lehi, Utah. For information, visit www.propay.com/pressroom.

Half Of UK Internet Users Now Bank Online

PaymentsSource | Wednesday, January 13, 2010



At least 22 million adults in the United Kingdom, or 53% of the country’s 41.4 million regular Internet users, banked online in 2009, according to Financial Fraud Action UK, a trade group for the payments industry. Last year represented the first time the percentage of UK online-banking users exceeded 50% of regular Internet users, the trade group said Tuesday.



Meanwhile, the number of UK consumers initiating banking tasks by phones fell 9.9% in 2009, to 14.5 million from 16.1 million in 2005, the trade group says. The group reached its conclusion via surveys and market research.









Among the consumers who use online banking, 95% use banking Web sites to check account balances, the most popular online banking activity in the UK, the trade group says.



But many consumers still prefer to bank by phone. “Phone banking still remains a popular way for people to enquire about their account, with more than six in ten phone-banking customers using the service in this manner,” the group adds in a statement.



eCampus Offers PayPal to Students & Shoppers



LEXINGTON, KY--(Marketwire - January 13, 2010) - eCampus.com, the leading Internet textbook retailer, and the only online retailer to offer used textbooks, textbook rentals, etextbooks, new textbooks and a student marketplace, is now accepting PayPal for online payments. eCampus customers can use PayPal for more than 6 million textbooks, books, and DVDs.



PayPal provides a safer, easier way to pay online. With PayPal, eCampus customers can now pay for items through account balances, bank accounts, debit cards, or credit cards without sharing their financial information.



The addition of PayPal as a payment method helps eCampus.com achieve its primary mission of providing students the most options at the cheapest prices to fulfill their textbook needs. eCampus.com offers the ability for students to purchase used and new textbooks, download etextbooks, rent textbooks, shop from hundreds of individual sellers, and sell books back for cash. President and CEO Matt Montgomery states, "PayPal gives our students and customers the flexibility to purchase their textbooks in a variety of ways with security and peace of mind. With the addition of PayPal to the most complete variety of textbook selections, we are the best destination for textbook needs."



eCampus.com continuously strives to stay on the forefront of advances in the textbook and online retail industry. This year, eCampus.com became one of the first companies to offer textbook rentals. The company looks forward to continuing to offer the newest methods, the cheapest prices, and the absolute best ways to satisfy America's textbooks needs.



About eCampus.com



eCampus.com was established on July 2, 1999. Since then, eCampus.com has grown into a major online retailer for college and high school textbooks. eCampus.com's mission is to provide the easiest, fastest, cheapest way for college and university students to buy textbooks and stuff. The internet ought to be fun and shopping for textbooks should be as fast and convenient as shopping for anything else on the internet. The company makes a personal commitment to every customer that eCampus.com will be the best source for everything they need.



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CompSource Chooses Mazooma Debit-Based Payment Solution



Now U.S. consumers can make fast, secure, online purchases from CompSource.com directly from their bank account



MIAMI, FLORIDA--(Marketwire - Jan. 13, 2010) - Mazooma, the first real-time, online debit payment solution for U.S. consumers, today announced that CompSource Inc., a leading eCommerce electronics retailer in the United States, has signed an agreement to integrate Mazooma on its website, www.compsource.com.



CompSource customers can now pay directly from an online back account by selecting Mazooma at checkout. Like CompSource, Mazooma is focused on the customer's shopping experience, offering them convenience, easy-of-use, and security. Currently, Mazooma supports 75 percent of all consumer bank accounts in the U.S. and has no jurisdictional limitations.



CompSource has been a success due to its high level of customer service and selection which includes over 200,000 name brand computer hardware and software products for both national and international mail order. With Mazooma's real-time transaction capability, CompSource is able to maintain this level of service and ship customer goods immediately. With access to 16 warehouses around the US, CompSource guarantees same day shipping on all overnight shipments.



CompSource is enabling the Mazooma payment option through Cardinal Centinel®, the leading technology platform for enabling alternative payment brands in both eCommerce and mobile Commerce, from Cleveland-based CardinalCommerce Corporation.



"Unparalleled customer service is our mission," said Dean Bellone, President of CompSource. "In choosing Mazooma, we had to deliver a payment option that supports our clients with the same focus and intensity that we do. Mazooma provides a fast, easy and secure debit option that simply works."



"CompSource selected Mazooma because all payment solutions are not created equal," said Paul Phillipson, Managing Director, USA, at Mazooma. "Many payment options sound similar in terms of ease-of-use and effectiveness for both merchant and customer, however, Mazooma is the first solution of its kind. Through our partnership, CompSource can provide a safe, debit based payment option that is intuitive for customers with immediate order fulfillment."



"The success story of our valued Customer, CompSource, is a source of pride at Cardinal," said Michael Keresman III, Chief Executive Officer, CardinalCommerce Corporation. "As a long-time Centinel Customer, CompSource has provided a growing selection of payment options for its Customers. Now, through Centinel, CompSource can quickly and easily add the Mazooma debit solution, and continue to offer the best-of-the-best customer experience."



About Mazooma



Mazooma was founded to provide consumers and merchants with a safe, secure and convenient bank account payment channel for online shopping. The eCommerce industry has long recognized that current online payment systems do not provide a platform to service the millions of consumers who cannot or will not use a credit card online. To serve this market, Mazooma developed a system that combines the security and comfort of online banking with the convenience and speed of a simple payment checkout process. Mazooma provides consumers with an instant and safe way to pay for online purchases directly from their bank accounts - authorized through the financial institutions they know and trust. Mazooma provides online merchants with a new way to reach customers and increase revenue, all while reducing their costs of payment processing. For more information, visit www.mazooma.com.



About CompSource



CompSource Inc. was founded in 1991 with a primary emphasis on national and international mail order. CompSource carries over 300,000 name brand computers, hardware, software, consumer electronics and office need products. CompSource has access to more than 16 warehouses around the U.S. to help assure quick, efficient delivery. CompSource typically receives over 7,000 unique visitors to their website and over 600 phone calls per day - with this purchasing power they are able to provide customers with the lowest possible prices from over 1,900 vendors. Because true value is more than just a low price, CompSource also features a custom configuration division which customizes PC's to customer specifications ranging in price from $349 and up. CompSource offers customers efficient, reliable performance and quality brand names - CompSource, Simply Better. For more information on CompSource, visit www.compsource.com.



About CardinalCommerce



CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions and alternative payment brands for both eCommerce and mobile commerce. Cardinal Centinel® enables payment brands such as Verified by Visa, MasterCard® SecureCodeTM, PayPalTM, Bill Me Later®, MazoomaTM, and more to a network of thousands of merchants and merchant service providers. Cardinal's mobile platform, Cardinal MAXTM, makes it easy for merchants to sell through the mobile channel by linking them directly with consumer mobile phones. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors with the ability to conduct authenticated Internet, wireless, and mobile transactions safely and securely. Headquartered in Cleveland, Ohio, with facilities in the United States, Europe, and Africa, Cardinal services a worldwide customer base. For more information, visit www.cardinalcommerce.com.

MasterCard Worldwide Announces Advisors Merchant Solutions







SOURCE: MasterCard Worldwide

 

Data-Driven Offering Leverages Expertise of MasterCard Advisors and the Information Power of the MasterCard Worldwide Network, Providing Actionable Business Intelligence for Merchants



PURCHASE, NY--(Marketwire - January 12, 2010) - MasterCard Worldwide today introduced MasterCard Advisors Merchant Solutions, (www.mastercardadvisors.com/merchants). This first-of-its-kind suite of information products, data analytics and marketing services will enable decision makers across merchant organizations to understand spending activity in their industry category; evaluate their sales performance against their competitive set; and focus direct marketing efforts to target the very best prospects and hard to reach segments. This offering underscores the information power of the MasterCard Worldwide Network, the strong merchant relationships of MasterCard's U.S. Commerce Development function, and the expertise of MasterCard Advisors, the company's professional services arm, to provide merchants with actionable business intelligence that can inform strategy and marketing decisions.



"In today's highly competitive and challenging retail environment, detailed and timely information is essential to effectively managing one's overall business," said David Clarke, Group Executive, U.S. Commerce Development, MasterCard Worldwide. "We have a long history of working with merchants, and just about every one we speak to states the need for enhanced, actionable information and more effective marketing solutions.



"Advisors Merchant Solutions is in response to that need. These are powerful solutions for decision makers across the organization -- from marketing and operations to real estate and finance. They help enable far more informed decision-making on critical issues such as inventory management, store location planning, market share tracking, as well as strategies to attract customers and improve spending volumes."



Tapping into MasterCard Advisors' unique capabilities, this suite of information and marketing solutions was developed by the application of advanced analytic and/or behavioral modeling techniques to reported activity in various channels of the MasterCard Worldwide Network. Advisors Merchant Solutions robust reporting, modeling and consumer behavioral segmentation capabilities are based on the billions of transactions processed each year from across the 340 million MasterCard-branded credit, charge and debit cards issued in the United States. Reporting also incorporates estimates of sales by all other payment forms in retail sectors (cash, check, debit, charge and credit card sales across all networks), thus providing a complete view of retail activity at both a national and local level.



"With Advisors Merchant Solutions, MasterCard is putting the full power of its data and analytics capabilities at the service of merchants," notes Andrew Woodward, Senior Vice President, Merchant Solutions for MasterCard Advisors. "Comprised of SpendingPulse, Benchmark Analytics and Custom Marketing Solutions, this is a strong offering of unique data-driven information and marketing services. Together they allow companies to benchmark their sales performance against their industry category, better anticipate demand, and target marketing efforts, by leveraging real spend behavioral data. This has not previously been available."



Since the pilot program began, Advisors Merchants Solutions has been engaged by several leading retailers including hhgregg, a super-regional appliance and electronics retailer.



When hhgregg engaged Advisors Merchant Solutions to help with acquiring new customers, the results significantly outperformed the penetration rate compared to similar prior promotions. The retailer increased its market share in the consumer electronics and appliances industry category among those targeted, compared to the control group.



"We were impressed with the sophisticated behavioral and data driven marketing approach Advisors took, as well as the turnkey nature of the engagement," said hhgregg Vice President of Marketing Jeff Pearson. "We enjoyed working with their team -- not only for their savvy advice, but for the results they delivered."



Advisors Merchant Solutions suite is made up of three distinct components:



-- SpendingPulse™(1) is a macro-economic indicator reporting on

national retail sales. Based on aggregate sales activity in the MasterCard

payments network coupled with survey-based estimates for certain other

payment forms such as cash and check, it has come to be one of the

timeliest and most accurate sources of information about consumer spending

activity. Sector reports include those on Airlines, Specialty Retail and

Apparel, Auto Parts and Tire Sales, eCommerce, Electronics & Appliances,

Furniture & Furnishings, Gasoline, Hotels & Lodging, Jewelry, Luxury,

Restaurant and Department Stores.

-- Benchmark Analytics is a web-based application that delivers

behaviorally-based competitive intelligence by analyzing merchant

performance against the industry category and/or a set of competitors,

nationally by state, all the way down to defined MSAs or DMAs. The insights

can inform critical decision making on advertising/marketing, buying and

merchandising, and retail operations.

-- Custom Marketing Solutions identifies cardholders of participating

banks that represent the best prospects for merchant marketing offers.

Leveraging actual behavioral data to identify best prospects, and

developing tailored offers geared to specific target segments, merchants

can efficiently drive customer acquisition, win back lapsed customers and

increase spend.




View video on Advisors Merchant Solutions: http://tinyurl.com/yan276l



About MasterCard Advisors



MasterCard Advisors provides payments consulting, information, analytics, and customized services to financial institutions and their merchant partners worldwide. Addressing complex challenges in strategy, marketing, risk, and operations, MasterCard Advisors helps clients maximize the value of their businesses. As the professional services arm of MasterCard Worldwide, MasterCard Advisors is uniquely qualified to provide clients with insights and solutions that drive tangible impact and financial gain. For more information, go to www.mastercardadvisors.com.



About MasterCard Worldwide



MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter: @mastercardnews. (1) SpendingPulse does not represent MasterCard financial performance.

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