CyberSource and ThreatMatrix Partner to Fight Online Fraud

http://forms.cybersource.com/forms/FraudReport2010NACYBSwwwQ109

CyberSource Partners With ThreatMetrix to Provide Advanced Device Identification Capabilities for Decision Manager Customer

Complementary Solutions Help Merchants Fight Online Fraud

LOS ALTOS, CA--(Marketwire - February 23, 2010) - ThreatMetrix™, the fastest growing provider of device identification solutions for preventing online fraud, today announced that CyberSource Corporation (NASDAQ: CYBS), a leading provider of electronic payment, risk management, and payment security services, has partnered with ThreatMetrix to provide advanced device identification capabilities to customers using the CyberSource Decision Manager fraud management portal.



CyberSource Decision Manager includes over 200 pre-integrated fraud detection tests and services, a business rule editor, case management system, and analytics that help merchants to efficiently and accurately manage fraud. ThreatMetrix provides technology that not only digitally fingerprints, but also profiles the behavior of the device being used by an online buyer. This new, enhanced fingerprint can then be used in conjunction with other order attributes captured by Decision Manager to detect suspicious orders. Anomalies such as a fraudster trying to hide an IP address, or an order being initiated from a device engaged in questionable behavior (spamming, firewall scanning, e.g.) can be detected. In less than two seconds, the CyberSource Decision Manager system profiles an inbound order using the advanced ThreatMetrix fingerprinting technology and other pre-integrated validation tests. The system then automatically sorts the order for fulfillment, rejection or review, in accordance with business rules written by the merchant.



"Staying multiple steps ahead of fraudsters is a business imperative," said Cory Siddens, product manager for CyberSource Decision Manager. "By partnering with ThreatMetrix, we've added another key detector to our fraud management portal -- enabling merchants to better profile the true identity and behavior of devices being used to make purchases on their sites. In doing so, the new ThreatMetrix technology allows merchants to identify botnet attacks and detect more first-time fraud."



"We're pleased that CyberSource has turned to ThreatMetrix in its ongoing effort to provide merchants with the most technologically sophisticated and comprehensive fraud detection solutions," said Reed Taussig, president and CEO, ThreatMetrix. "Our complementary solutions help merchants minimize the need for manual review and reduce fraud losses."



About CyberSource



CyberSource solutions enable electronic payment processing for Web, call center, and POS environments. CyberSource also offers industry-leading risk management solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimizes commerce transaction processing systems. Approximately 295,000 businesses use CyberSource solutions, including half the companies comprising the Dow Jones Industrial Average. The company is headquartered in Mountain View, California, and has sales and service offices in Japan, Singapore, the United Kingdom, and other locations in the United States including Bellevue, Washington and American Fork, Utah. For more information on CyberSource please visit www.cybersource.com or email info@cybersource.com. For more information on Authorize.Net small business solutions, please visit www.authorize.net or email sales@authorize.net.



About ThreatMetrix



ThreatMetrix (www.threatmetrix.com) helps companies control online fraud and abuse in real time so they can significantly reduce on-line fraud, acquire more customers faster, reduce costs, and increase customer satisfaction. ThreatMetrix profiles the device used in an online transaction so companies can determine whether the users are fraudsters or customers. ThreatMetrix' simple and cost-effective SaaS approach to implementation enables companies to get results in hours or days, rather than weeks or months. ThreatMetrix serves a rapidly growing customer base in the U.S. and around the world across a variety of industries including online retail, financial, social networks, and alternative payments. For more information, visit www.threatmetrix.comor call 1-650-625-1451. © 2010 ThreatMetrix. All rights reserved. ThreatMetrix and the ThreatMetrix logo are trademarks or registered trademarks of ThreatMetrix in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners. .

Western Union Signs Four Regional City Banks in China

Agreements Extend Network to Cities in Northeastern, Southern, Eastern China

ENGLEWOOD, Colo.--(BUSINESS WIRE)--The Western Union Company (NYSE: WU), a leader in global payment services, announced the signing of agreements with four regional Chinese commercial banks. These agreements extend Western Union’s network reach to the northeastern, southern and eastern regions of China.



Western Union has signed agreements to offer Western Union Money Transfer® services with Bank of Jilin, headquartered in Changchun, Jilin Province; and Bank of Harbin, headquartered in Harbin and Heilongjiang Province in the northeastern region of China. Western Union also has signed agreements with Fujian Haixia Bank in the southern region and Zhejiang Chouzhou Commercial Bank in YiWu in Zhejiang Province in the eastern region of China.



“These regional city bank agent agreements are significant, as each bank is a leader within its locality and brings unique international specialization,” said Hikmet Ersek, Western Union’s chief operating officer.



In the international money-transfer business, the Bank of Jilin specializes in servicing customers based in Korea, North America and Europe; Bank of Harbin covers Russia, Korea and Japan; Fujian Haixia Bank serves the U.S. and Japan; and Zhejiang Chouzhou Commercial Bank covers Europe and the Middle East.

“These signings provide the impetus for Western Union’s regional city presence strategy in China and reinforce our commitment of being where our consumers want us to be,” Ersek said.

These new Agent banks join other current Western Union bank Agents The Postal Savings Bank of China, The Agricultural Bank of China and China Everbright Bank.



For more than 13 years, Western Union has remained committed to the China market, providing a dependable financial lifeline between consumers and their family members overseas through a fast, reliable and convenient money-transfer service.

About Bank of Jilin

Bank of Jilin, with its headquarters located in Changchun city, is a leading commercial bank in Jilin province, China. It is the former Changchun City Commercial Bank, established in 1997, and changed its name in 2007 to Bank of Jilin. Its services cover the entire province with the ability of cross-province operation. With 356 locations across Jilin province and 1 location in Dalian, Liaoning province, it offers a wide range of services to local customers.

About Harbin Bank

Harbin Bank is located in Harbin at Heilongjiang province and is an innovative national commercial bank in China. It was established in 1997 as Harbin City Commercial Bank, but changed its name to Harbin Bank in 2007. The bank has eight branches, including Tianjin Branch, Dalian Branch, Chengdu Branch, Shuangyashan Branch, Jixi Branch, Hegang Branch, Suihua Branch, Shenyang Branch, 3 rural banks, 13 first-tier branches, 4 second-tier branches, 5 institutions and 140 locations.

About Fujian Haixia Bank

Fujian Haixia Bank, formerly Fuzhou Commercial Bank, was established on 27 Dec. 1996 under the permission of Fuzhou City government and approval of People Bank of China. It is a joint stock bank with branch presence in Zhangzhou, Longyan, Ningde, 35 locations and 1 institution. The Bank is planning to set up their branch presence in Quanzhou, Wenzhou. Fujian Province is one of the provinces with diaspora and migrants going to U.S. and Japan. The personal remittances between domestic and overseas countries are very frequent in Fujian.

About Zhejiang Chouzhou City Commercial Bank

Established in 1987, Zhejiang Chou Zhou City Commercial Bank is a regional commercial bank based in Yiwu, Zhejiang province, China with 25 locations, including Hangzhou, Nanjing, Fuzhou, Wenzhou, Jinhua and Lishui, etc. With the position of serving local companies and individual customers, it realizes the fast development. In both 2008 and 2009, it was placed fifth and ninth respectively in the category of “China Commercial Banks Competitive Ranking,” third and fourth respectively in the category of “Mid-size City Commercial Banks Ranking” by “The Banker.”

About Western Union The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Custom House-branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of more than 410,000 agent locations in 200 countries and territories. In 2009, The Western Union Company completed 196 million consumer-to-consumer transactions worldwide, moving $71 billion of principal between consumers, and 415 million business payments. For more information, visit www.westernunion.com.

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ACCEL/Exchange® Network from Fiserv Has Record-Setting 2009

Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that its ACCEL/Exchange debit payments network saw record-setting growth in 2009.



ACCEL/Exchange set a new annual record for total transactions with nearly 960 million transactions processed in 2009 – up nearly 40 percent from 2008. December 2009 also set a new monthly record with more than 97 million transactions -- a year-over-year increase of 36 percent.



Among individual delivery channels, point-of-sale (POS) transactions jumped 37 percent in 2009 to more than 891 million, while ATM transactions increased 19 percent in 2009 to 68 million. Nearly 300 financial institutions joined the ACCEL/Exchange network as new members in 2009, bringing the total membership to almost 2,600 member financial institutions.



“We experienced tremendous growth in 2009, which is a testament to our commitment to provide secure, innovative, dependable and profitable payment solutions to our members,” said Mike Kelly, general manager, ACCEL/Exchange, Fiserv. “2010 promises to be an equally exciting and challenging year as ACCEL/Exchange looks to continue its leadership role in the card payments industry.”



Fiserv introduced several new innovations to the ACCEL/Exchange network in 2009 offering even more payment options for consumer convenience. Internet PIN debit, a software-only service in the U.S. that enables PIN debit payments online was made available to members in November 2009. Additionally, in February 2010 Fiserv rolled-out Convenience Payments, which allows consumers to initiate PIN-less transactions for eligible low-risk, small dollar transactions at qualified merchants. Fiserv saw PIN-less bill payment activity on the ACCEL/Exchange network double in 2009.



2009 also saw significant growth in the number of ACCEL/Exchange ATM locations, today there are more than 265,000 ATM locations nationwide and another nearly 2,400 surchargefree ATMs in Canada. There was also significant growth in the number of point-of-sale locations available to ACCEL/Exchange cardholders, which now includes more than 1.3 million merchant locations across the U.S. at local, regional and national retailers.



An example of the Fiserv core competency in payments, the ACCEL/Exchange Network is part of Card Services from Fiserv, which includes card production, management, processing, authorization, settlement and reporting, as well as a full range of risk management and fraud prevention tools and ATM driving and support. Additionally, Fiserv offers the flexible UChoose Rewards® program designed to increase card activity and grow revenue.

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• TIO Networks Q2 2010 US$ transaction revenue increases 20% (newswire.ca)

P2P is one of 10 Trends That Will Shape the Future of Financial Institutions

ROCKVILLE, MD - MarketResearch.com has announced the addition of Javelin Strategy & Research's new report "10 Trends that Will Shape Banking, Payments," to their collection of Banking & Financial Services market reports.



For more information, visit http://www.marketresearch.com/redirect.asp?progid=76340&productid=2539405.

Javelin's senior analysts weigh in on the top 10 trends that will shape banking, payments and security in 2010. Financial institutions will struggle to cope with a hobbled economy, wrenching regulatory changes, mounting fraud threats and limited budgets for innovation.

Nonetheless, it is likely to be an eventful year for opportunistic financial institutions that take steps now to be on the cutting edge of person-to-person payments, embrace innovations from alternative vendors, tighten security vulnerabilities and serve up real-time data that will be in increasing demand in an era of "always-on, anytime, anywhere" banking.



Sounds to me like HomeATM can help opportunistic financial institutions with ALL DAT.

Topics covered in the report include...

• How should financial institutions respond in an era of tighter budgets, increased regulation and rising fraud?


• With regulation of the financial services industry on the rise, what changes should bankers and vendors expect?


• What security steps should FIs take now as they shift more services to the "cloud" and customers flock to social networking sites?


• Will 2010 be a breakout year for person-to-person payments?


• How should financial institutions prioritize their investments so consumers embrace the promise of "always-on" banking?

For more information, visit http://www.marketresearch.com/redirect.asp?progid=76340&productid=2539405.

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The UK Cards Association's Response to BBC's Assertion that Chip and PIN is Broken

"We believe that this complicated method will never present a real threat to our customers' cards. It requires possession of a customer's card and unfortunately there are much simpler ways to commit fraud under these circumstances at much less risk to the criminal. This fraud is also detectable by the industry's systems.



“We will shortly announce fraud figures for 2009 that show that fraud committed on lost and stolen cards is at its lowest level for two decades.



“Card companies have a legal obligation to reimburse fraud victims, and the onus has always been on the card company to prove any negligence on their customer's part. This is a highly regulated field, supervised by the Financial Services Authority, with an independent appeals process available to the minority of customers who have their fraud claim turned down, via the Financial Ombudsman Service."

Statement provided to BBC 11 February 2010

The industry strongly refutes the allegation made on Newsnight and in the University of Cambridge’s paper “Chip & PIN is Broken”. We do not accept the serious claim that the protocol behind one of the most successful anti-fraud initiatives is either broken or fatally flawed.



Chip & PIN has been the main factor behind a 66% drop in fraud at UK retail point of sale since 2004. The Cambridge paper suggests that there are growing reports of fraud on stolen cards, yet statistics show that ‘lost and stolen’ fraud is at its lowest level since industry records were first compiled two decades ago.



Cambridge claims that their latest attack is both a new discovery and undetectable; this is not true. The attack described is just a variation of what the industry terms as a ‘wedge’ attack. As a result, security measures to tackle such attacks have always been contained within both the global chip and PIN specification used in the UK (i.e. the EMV chip protocol) and the transaction process that surrounds it. The industry is confident that the forensic signature of such an attack is easily detectable within the data available at the time of the transaction. When a card company receives a claim about a fraudulent transaction from a customer, they will always rely on primary evidence to review the facts of the case and would never use a paper receipt (which in fact they could only see if the customer provided the copy) for evidence as suggested.



Neither the banking industry nor the police have any evidence of criminals having the capability to deploy such sophisticated attacks. Our research suggests that criminal interest in chip-based attacks is minimal at this time as they are unable to find ways to make sufficient amounts of money from any of the plausible attack scenarios.



The industry has a highly proactive approach to defending the underlying technology and protocol it relies upon for card payments. We conduct and commission independent research to determine the threat from criminals and to help us identify and assess the actual potential of vulnerabilities. In this regard we welcome certain insights within the Cambridge paper - as they show that there are additional variations of the “wedge” attack. The potential attack identified, and the signature that this attack would generate, are useful in helping us to detect it, should it ever be attempted in the live environment.



Our reputation rests on the integrity of the cards system and customer security. We endeavour to fight fraud on all fronts. To these ends we continue to fund a unique specialist police unit, the Dedicated Cheque and Plastic Crime Unit (DCPCU). We also continue to work with retailers to make them aware of latest fraud prevention advice so they can best protect their customers and businesses from fraud. And we continually work to raise cardholder awareness of security advice and how to protect themselves against card fraud. Of course there is no room for complacency and we will continue to monitor closely the situation and to take any necessary preventative steps to protect our customers.

Supporting Documents

Security guidance for card acceptance devices deployed in the face-to-face environment.

This guideline is intended to be used by retailers accepting or intending to accept face-to-face card payments and is designed to complement card industry rules and regulations and advice given by point-of-sale solution providers (including banks and third party suppliers). The advice and guidance offered should be considered when reviewing or developing security procedures and processes for the point-of-sale environment, particularly, but not exclusively, those relating to the acceptance of card-based transactions.

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Acacia Subsidiary Enters into Settlement Agreement Regarding Credit Card Fraud Protection Technology with Old Comp Inc.

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq:ACTG) announced today that its Financial Systems Innovation LLC subsidiary has entered into a settlement agreement covering a patent that applies to credit card fraud protection technology with Old Comp Inc. This resolves a dispute that was pending before the United States District Court for the Northern District of Georgia concerning Old Comp Inc.



The expired patent asserted in this litigation generally relates to a computerized system for protecting merchants and consumers engaged in credit card, check card, and debit transactions. The system includes an electronic card reader, and the generation and use of a transaction number, which specifically indentifies each transaction processed within the system.



ABOUT ACACIA RESEARCH CORPORATION

Acacia Research’s subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research’s subsidiaries control over 140 patent portfolios, covering technologies used in a wide variety of industries.



Information about Acacia Research is available at www.acaciatechnologies.com and www.acaciaresearch.com.

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Visa Introduces the Visa Signature Luxury Hotel Collection

Visa Premium Cardholders Can Now Enjoy Exclusive Access to Perks at a Selection of the World’s Most Prestigious Properties

SAN FRANCISCO--(BUSINESS WIRE)--Visa Inc. (NYSE: V) today announced the launch of the Visa Signature Luxury Hotel Collection (VSLHC), a new premium travel offering enabling Visa Signature cardholders to find, book and enjoy unique benefits at a hand-selected group of prestigious properties throughout the world.



Visa Signature cardholders now have around-the-clock access to research and book accommodations at luxury properties around the world - from celebrated hotels and resorts to new boutique gems - gathered together by invitation and appraised annually to ensure consistency with VSLHC standards. Benefits can be accessed through www.visasignaturehotels.com or Visa Signature Concierge service.



The Visa Signature Luxury Hotel Collection offers cardholders access to a host of perks, which may include the best available rate, a room upgrade, VIP guest status, complimentary valet parking or internet access, a food and beverage voucher, complimentary continental breakfast, and late checkout privileges.1



The new program was tailored to appeal to the most desired travel benefits. All perks offered by Visa Signature Luxury Hotel Collection ranked among the top ten important travel benefits in a 2009 survey of Visa Signature cardholders.2 Complimentary room upgrades (53 percent) and free internet access (51 percent) were identified as the most important travel benefits among respondents.



The Visa Signature Luxury Hotel Collection is available to U.S.-issued Visa Signature cardholders and is the first offering in the new Visa Luxury Hotel Collection, a global travel benefit that will be introduced for premium Visa card programs in other regions around the world, creating Visa’s first global premium travel benefit.



“Travel benefits consistently rank at the top of our Visa Signature cardholders’ lists of preferred perks,” said Stacey Pinkerd, Head of Global Consumer Products Strategy, Visa Inc. “The Visa Signature Luxury Hotel Collection enhances Visa Signature’s ability to meet the lifestyles of today’s affluent cardholder with access to the travel perks they value most. Whether planning a weekend getaway or a family vacation, Visa Signature cardholders can have confidence their accommodations will meet their expectations.”



The Visa Luxury Hotel Collection is powered by Kiwi Collection, one of the most-selective collections of luxury properties. Hotels available through the new program range from exceptional foreign destinations, such as the Burj al Arab in Dubai and Amanpuri in Thailand to domestic luxury properties, including The Setai in Miami and The Pierre in New York.



For a limited time, Visa Signature cardholders who make a Visa Signature Luxury Hotel Collection booking and complete their stay will automatically receive a limited edition copy of Overnight Sensations - The Americas,3 an elegant, hard-cover book profiling select destinations with detail-rich photography and narratives designed to inspire travelers’ imaginations.



For more information on the Visa Signature Luxury Hotel Collection and specific benefits, Visa Signature cardholders can visit www.visasignaturehotels.com.



About Visa Signature



Visa Signature is a premium payment card issued by banks in the United States. Visa Signature offers cardholders a range of benefits and perks, in addition to a number of rewards programs that may be offered by Visa Signature partners, such as airline, hotel and cash back programs. Visa Signature cardholders enjoy access to a host of benefits, such as complimentary concierge services, the Visa Signature Luxury Hotel Collection, and warranty manager service, as well as special offers for perks focused on cardholder passions, such as travel, wine and food, sports and entertainment events. Perks range from everyday values, such as special offers on movie tickets and discounts at select retailers, to VIP tickets for premier concerts, Broadway shows and epicurean events, and once-in-a-lifetime packages for events such as the Olympics and FIFA World Cup. For more information about Visa Signature, visit www.visa.com/signature.



About Visa



Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world’s most advanced processing networks—VisaNet—that is capable of handling more than 10,000 transactions a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com.



1 Benefits may vary by property and are subject to availability and restrictions. For complete terms and conditions, visit http://www.visasignaturehotels.com/about/benefits



2 Source: Visa Research Services, 2009



3 Two thousand total copies of Overnight Sensations - The Americas, valued at $100/each, available while supplies last. Valid only for bookings made on the Visa Signature Luxury Hotel Collection website with a valid U.S.-issued Visa Signature card. Offer fulfillment to occur upon completion of stay. Offer requires a minimum one night stay at any participating Visa Signature Luxury Hotel Collection property. Maximum one book per Visa Signature card number. Offer subject to change without notice. Void where prohibited .

Discover Card Announces Winners of Student Card Design Contest

Discover Facebook Fans Submit Thousands of User-Generated Designs

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover card today announced the winners of the company’s first social media Discover® Student card design contest. Grand prize winner, Rainna Langley, was awarded $1,000 for her cassette tape-themed artwork. Lauren Snyder received $500 for her space-themed card design, and third place recipient, John Bell, was awarded $250 for his dollar bill card design.





“The contest enabled Discover fans and visitors to share in the creation of a new student card design in an easy, fun and interactive way”



The online contest, which launched in mid-December, provided two ways for Discover fans to participate in the card design creative process. First, users created and shared original artwork through the Discover Facebook page. The highly interactive application enabled Discover fans and visitors to easily draw their designs on a widget with a Discover card graphic overlay that resembled a real credit card.



Second, Discover fans and visitors voted on their favorite designs. The social media contest received approximately 6,700 card design entries and over 200,000 votes. The grand prize winning design will be featured on the next Discover Student card, which is slated to debut in April.



“The contest enabled Discover fans and visitors to share in the creation of a new student card design in an easy, fun and interactive way,” said Anas Osman, vice president of acquisition at Discover. “Not only did we receive great artwork with tremendous voter participation, we also saw greater awareness of our Discover Student card and a 25 percent increase of Discover card Facebook fans since the contest launched.”



Honorable mentions included card designs by Aoki Duank, Glen Donaldson, John Quinton, and Omnia Mostafa Tawakol. They each received a $50 Discover gift card.



About Discover



Discover Financial Services (NYSE: DFS) is a direct banking and 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 personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment 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.



Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6190968&lang=en

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VeriFone Wins Sberbank Order

Leading Role in Plans by Largest Bank in Russia and Eastern Europe to Deploy Approximately 130,000 Systems among Merchants

SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Holdings, Inc. (NYSE: PAY) today announced a multimillion-dollar order for a portfolio of its leading payment solutions by Sberbank, Russia’s largest bank.

“We triumphed over major competitors to solidify our relationship with the largest, most dynamic bank of Russia and Eastern Europe.”

VeriFone was the leading vendor selected by Sberbank, which ultimately intends to distribute approximately 130,000 payment solutions among merchants. The bank will utilize VeriFone countertop and wireless payment solutions, as well as PIN pads. Sberbank will deploy the Vx 510 dial, Ethernet and GPRS countertop solution, the Vx 610 wireless system, the Vx 810 programmable PIN pad and the PP1000SE PIN pad.



VeriFone solutions were selected for a separate tender from Sberbank for more than 16,000 Vx 810 systems. Those systems were deployed over a three-month period to bank branches for customers to identify themselves to bank tellers using their credit/debit card and PINs.



“VeriFone’s strategic partnership with INPAS Company has proven to be a strong payment solution for major organizations, such as Sberbank, in Russia, the Commonwealth of Independent States and Hungary,” said Adam Biedrzycki, general manager, VeriFone Continental Europe. “We triumphed over major competitors to solidify our relationship with the largest, most dynamic bank of Russia and Eastern Europe.”



INPAS Company has been a VeriFone International Partner for the region since 1995. It has worked with VeriFone to supply payment solutions for a number of nationwide projects.



“Sberbank is a priority customer and this tender represents a major win that highlights the great strides made by INPAS in the market and the reputation and trust that INPAS and VeriFone have been able to achieve together as providers of innovative solutions,” said Ilya Korobov, Commercial Director of INPAS.



Sberbank today is the largest credit institution in Russia and CIS, accounting for about a quarter of the aggregate Russian banking assets and a third of banking capital. Sberbank was ranked 38th in the world by The Banker magazine in terms of Tier 1 capital as of July 1, 2009.



About INPAS Company (www.inpas.ru)



INPAS (Innovative Payment Solutions) is the largest supplier of technological solutions for acquiring networks. INPAS, the leader in payment integration, is the official representative and partner-distributor of VeriFone EFTPOS systems in Russia and the former CIS countries, and since 2007 in Hungary. INPAS actively promotes VeriFone contactless technologies to bank and non-bank organizations, state services and for social projects. It also specializes in highly effective software development for the region.



About VeriFone Holdings, Inc. (www.verifone.com)

VeriFone Holdings, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide. .

$24 Billion Third-Party Gift Cards and Prepaid Cards Industry Opens Its Doors To Local Businesses

Adility and InComm Partner to Empower 5 Million Local Businesses to Sell Gift Cards Through 150,000 Retail Locations

SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Until today, local businesses relied on street visibility, word of mouth, and other traditional advertising avenues to build a customer base. Now, thanks to a partnership between Adility, a company that provides local businesses with an online platform to manage and distribute gift cards, prepaid cards, discounts and coupons, and InComm, the leader in sales and marketing of prepaid products and innovator of transaction processing, local businesses can access the InComm distribution network of over 150,000 retail locations through Adility's proprietary platform and sell their gift cards to consumers who shop local at major retailers.



The process is easy—the business owner creates a free account at www.adility.com, defines the prepaid or gift cards offer and chooses retailers and retail store locations in near proximity to his business location. Adility handles everything else, including printing attractive gift or discount cards, placing the gift cards in local retail stores, and coordinating the approval process with each retailer. Meanwhile, the business owner tracks the entire shop local campaign in real time through Adility’s online interface.



“This is a true win-win opportunity for small businesses and large retailers in the same market,” says Thomas Cornelius, CEO of Adility. “The ’shop-local’ mantra has been given terrific legs by the recession, which has people looking for value close to home. Today marks a change in the way people will be able to support their favorite neighborhood local businesses.”



“We are pleased to offer consumers another opportunity to access discounts and gift cards from local businesses — especially in this economy,” said Brian Parlotto, InComm SVP of Products and International. “Partnering with Adility is an excellent opportunity that reinforces InComm’s commitment to innovation in the prepaid industry and empowers local businesses to reach more consumers right in their neighborhood.”



Adility’s major breakthrough is the implementation process for local businesses to integrate any existing gift cards program into the Adility platform instantly without any costs or long technical development time.



The third-party prepaid and stored value card business is a $24B dollar industry in the United States. The industry has experienced a 30% growth rate year over year for the last three years according to Mercator Advisory Group.





About Adility

Adility is the leading online sales and distribution hub for local gift cards, discounts and coupons for small and medium-sized businesses. Adility’s turnkey national marketing platform enables local businesses to distribute their gift cards, discounts and coupons everywhere, on smart phones, via social media, in retail stores, and online with the focus on hyper local distribution. To learn more about Adility visit www.adility.com, follow us on Twitter @thomascornelius or call 1-888-918-1993. Adility is headquartered in Mountain View, CA with a branch office in Atlanta.

About InComm

InComm is the industry leading marketer, distributor and technology innovator of stored-value gift and prepaid products using its state-of-the-art point-of-sale transaction technology and payment solutions to revolutionize retail product sales and customer experiences. With nearly $8 billion in retail sales transactions processed in 2008, InComm is the nation’s largest provider of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill payment solutions. InComm partners with consumer brand leaders around the world to provide more than 150,000 retail locations the products and services their customers demand. To learn more about InComm, visit www.incomm.com or call 1-800-352-3084. InComm is headquartered in Atlanta, GA.

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