Kinecta Federal Credit Union to Issue MasterCard® PayPass™ Credit Cards

Image by Taekwonweirdo via Flickr

November 09, 2010 08:00 AM Eastern Time 

Tap N Go^™ Technology Provides Members Speed and Convenience

PURCHASE, N.Y. & MANHATTAN BEACH, Calif.--(BUSINESS WIRE)--Kinecta Federal Credit Union today announced it will provide its members with MasterCard^® PayPass^™ contactless payment technology on its credit cards. The PayPass-enabled cards offer Kinecta cardholders a fast, secure way to pay and a more convenient shopping experience.

“Issuing credit cards equipped with MasterCard PayPass is a great example of Kinecta’s commitment to continually evolving our products and services to bring added value and convenience to our members”

To use the “Tap N Go^™” feature, Kinecta members simply tap their PayPass-enabled credit cards on a specially equipped merchant terminal.PayPass allows payments to be completed quickly, securely and easily, without the hassle of swiping a card or fumbling for cash and coins. Signatures are not required for PayPass purchases under $50, further expediting transactions. PayPass cards also include traditional magnetic strips so they can be used anywhere MasterCard cards are accepted.

“Issuing credit cards equipped with MasterCard PayPass is a great example of Kinecta’s commitment to continually evolving our products and services to bring added value and convenience to our members,” said Gary Harman, First Vice President of Consumer Lending Operations at Kinecta. “MasterCard PayPass is simpler and faster than cash, allowing our cardholders a more streamlined payment option.”

According to MasterCard research, consumer preference and satisfaction is driving PayPass growth and usage globally. About 94 percent of respondents to a 2008 MasterCard PayPassBenchmark Study were satisfied with their experience, and 77 percent of PayPass consumers said they use PayPass as their primary card for everyday purchases.

“We are excited to partner with Kinecta to innovate its credit card portfolio by offering MasterCard PayPass to its members,” said Cathleen Conforti, senior vice president, Global PayPass at MasterCard Worldwide. “By introducing PayPass, Kinecta is providing cardholders with access to the increased speed, convenience and flexibility in payment options that they’re looking for.”

Kinecta will provide new MasterCard cardholders with PayPass-enabled credit cards in November 2010, and will begin replacing existing members’ credit cards with PayPass-enabled cards that same month.

About MasterCard PayPass

MasterCard PayPass is ideal for traditional cash-heavy environments where speed is essential, and has led the way in bringing contactless technology to consumer categories such as quickserve restaurants, drug stores, gas stations, vending machines, convenience stores, sports arenas, movie theaters, transit systems, taxis, parking garages and more. As of Q2 2010, there are approximately 78 million MasterCard PayPass cards and devices in use at more than 245,000 merchant locations worldwide, including new acceptance environments such as vending, taxis, tollbooths and transit. PayPass is also accepted at numerous professional football and baseball stadiums. For more information about MasterCard PayPass and a full list of participating merchants, visit www.mastercard.com/paypass.

About Kinecta Federal Credit Union

Kinecta Federal Credit Union is one of the nation’s largest credit unions, with approximately $3.5 billion in assets as of September 30, 2010; 24 member service centers throughout Southern California; and nearly 222,000 members nationwide. Headquartered in Manhattan Beach, Calif., Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Financial & Insurance Services, Apollo Insurance Services Inc., and Kinecta Alternative Financial Solutions, dba Nix Check Cashing. Kinecta Federal Credit Union is a not-for-profit, financial cooperative that is owned by its members, and exists to provide a safe and convenient place for member/owners to conduct their financial business. For more information about Kinecta, visit www.kinecta.org.

About MasterCard Worldwide

As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network — the fastest payment processing network in the world — MasterCard processes over 22 billion transactions each year, has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl™. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter:@mastercardnews.

Contacts

MasterCard Worldwide
Sarah Ely, 914-249-6714
sarah_ely@mastercard.com
or
Kinecta Federal Credit Union
Molly Egan, 310-643-3263
megan@kinecta.org

Permalink: http://www.businesswire.com/news/home/20101109005225/en/Kinecta-Federal-Credit-Union-Issue-MasterCard%C2%AE-PayPass%E2%84%A2

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Envision Joins PCI Security Standards Council as Newest Participating Organization

November 09, 2010 09:00 AM Eastern Time 

Envision Participates in Key Standards Setting Body to Protect Cardholder Data

SEATTLE--(BUSINESS WIRE)--Envision, a leading global provider of workforce optimization (WFO) solutions and creator of Click2Coach, the industry standard for contact center coaching and team performance improvement, announced today that it has joined the PCI Security Standards Council as a participating organization. As a Participating Organization, Envision will work with the Council to evolve the PCI Data Security Standard (DSS) and other payment card data protection standards.

“By participating in the standards setting process, Envision demonstrates they are playing an active part in this important end goal.”

The PCI DSS, endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., requires merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data integrity. More information on the council and the standard can be found at www.pcisecuritystandards.org

As a Participating Organization, Envision will now have access to the latest payment card security standards from the Council, be able to provide feedback on the standards and become part of a rapidly growing and influential community. In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity’s best protection against data criminals. By joining as a Participating Organizations, Envision is adding its voice to the process.

“The PCI Security Standards Council is committed to helping everyone involved in the payment chain protect consumer payment data,” said Bob Russo, General Manager of the PCI Security Standards Council. “By participating in the standards setting process, Envision demonstrates they are playing an active part in this important end goal.”

“By joining the PCI Security Council and actively participating in the further development of the Data Security Standards, Envision is furthering its legacy in the workforce optimization industry of being on the very front lines of advancing technology and business processes that enable and protect our customers,” said Rodney Kuhn, CEO of Envision.

About PCI Security Standards Council

The mission of the PCI Security Standards Council is to enhance payment account security by driving education and awareness of PCI security standards. For more information, please visitwww.pcisecuritystandards.org

About Envision

Envision is a pioneer in delivering innovative team coaching and performance improvement products and services to the contact center. Envision’s landmark and industry-renowned Click2Coach^®fully integrates the value of quality monitoring and management, e-learning, automated coaching and robust analytics and performance management capabilities. Envision marries the power ofClick2Coach and Envision Workforce Management™ together on the award-winning Envision Centricity^® Web-based workforce optimization (WFO) technology platform to deliver a full spectrum of ROI-driven efficiency and effectiveness gains that meet the most specific and unique objectives of customer-focused organizations worldwide. A commitment to unparalleled customer-centricity is at the center of the company’s mission and is what makes Envision the authority on delivering an uncompromising customer experience. Visit www.envisioninc.com, email info@envisioninc.comor call 206.225.0800 ext. 500 for more information.

Contacts

Envision Media Contact
Theresa Smith, 818-704-8481
tls@pathwaypr.com
or
PCI Security Standard Council
Laura K. Johnson, 781-876-6250
press@pcisecuritystandards.org

At A Glance

Envision

Source: via Business Wire Updated   01/15/2009   by company
Headquarters:	Seattle, Washington
Website:	http://www.envisioninc.com
CEO:	Rodney Kuhn
Employees:	70
Organization:	Private

Permalink: http://www.businesswire.com/news/home/20101109005329/en/Envision-Joins-PCI-Security-Standards-Council-Newest

Smart Card Alliance Payments Council Expands Charter, Elects New Co-Chairs from MasterCard and Visa

Princeton Junction, N.J., ePayments News Blog –The Smart Card Alliance Payments Council, formerly the Contactless and Mobile Payments Council, today announced an expanded council charter to include all chip-enabled payments and payment applications in the United States, including EMV, contactless payments, NFC-enabled payments and applications, mobile payments, and chip-enabled e-commerce. The Council also announced its new officers and steering committee, including new co-chairs Simon Hurry from Visa and Oliver Manahan from MasterCard.

“With most of the world moving to EMV chip payments and experimenting with other chip-based applications, the big question within the U.S. payments industry is, ‘How would chip affect the United States?’” said Randy Vanderhoof, executive director of the Smart Card Alliance. “The Payments Council has worked tirelessly this year examining this very question, providing extensive educational material on chip-enabled payments–including EMV, contactless and mobile payments, and chip-based solutions that enable innovation and help address counterfeit fraud.”

With its expanded focus on all chip-enabled payments, the Payments Council published a number of resources for the payments industry this year, including new Web resources for information and news on EMV (”EMV Resources”) and Near Field Communications (”NFC Resources”). The Council also held a webinar on “Top 10 Reasons U.S. Should Consider EMV” and published the white papers “Chip-Enabled Mobile Marketing,” “EMV Chip Cards Expected for Upscale U.S. Cardholders,” “Fraud in the U.S. Payments Industry,” and “End-to-End Encryption and Chip Cards in the U.S. Payments Industry,” all available on thePayments Council Web site.

“The Payments Council is a valuable forum at which industry stakeholders can align and provide direction for the future,” said new co-chair Simon Hurry, senior business leader, Visa Inc. “With momentum building for mobile payments and other chip-enabled solutions, I am looking forward to working with the Council to examine how these advancements will affect the future payments infrastructure.” “The Smart Card Alliance Payments Council is an organization that brings together industry players that may have divergent disciplines but are still focused on commerce,” said new co-chair, Oliver Manahan, vice president, MasterCard Worldwide. “We are in store for an exciting year in the payments industry, with many contactless transit payment projects in development, and buzz continuing to grow for mobile payment. It will be valuable to discuss and debate the economic impacts related to chip-based payments and applications in other areas, and create resources based on those findings.”

The Payments Council is made up of over 150 individuals from over 50 organizations, including card issuers, payment brands, merchants, financial payment processors, terminal vendors, card manufacturers, chip vendors, systems integrators/consultants, and personalization bureaus. The new officers are:

• Co-chairs: Simon Hurry, Visa and Oliver Manahan, MasterCard
• Vice chair: Troy Bernard, Discover Financial Services
• Secretary: Deborah Baxley, Capgemini

Members of the 2010/2011 Steering Committee are:

• Deborah Baxley, Capgemini
• Troy Bernard, Discover Financial Services
• Jo Ann Davaris, American Express
• Jason Dell, First Data Corporation
• Willy Dommen, Booz Allen Hamilton
• Michael English, Heartland Payment Systems
• Simon Hurry, Visa, Inc.
• Jack Jania, Gemalto
• Mohammad Khan, ViVOtech
• Paul Legacki, Infineon Technologies
• Michelle Lehouck, CPI Card Group
• Dan Loomis, VeriFone
• Oliver Manahan, MasterCard Worldwide
• Ron Pinkus, G&D
• Dori Skelding, Chase Card Services
• Garfield Smith, Oberthur Technologies
• Charles Walton, INSIDE Contactless

The complete library of Payments Council resources can be found athttp://www.smartcardalliance.org/pages/activities-councils-payments.

About the Smart Card Alliance Payments Council

The Smart Card Alliance Payments Council focuses on facilitating the adoption of chip-enabled payments and payment applications in the U.S. through education programs for consumers, merchants, issuers, acquirers/processors, government regulators, mobile telecommunications providers and payments service providers. The group is bringing together payments industry stakeholders, including payments industry leaders, merchants and suppliers, and is working on projects related to implementing EMV, contactless payments, NFC-enabled payments and applications, mobile payments, and chip-enabled e-commerce. The Council’s primary goal is to inform and educate the market about the value of chip-enabled payments in improving the security of the payments infrastructure and in enhancing the value of payments and payment-related applications for industry stakeholders.
The Payments Council’s projects include web seminars and conference workshops, as well as research projects, white papers, case studies and other educational resources.

About the Smart Card Alliance

The Smart Card Alliance is a not-for-profit, multi-industry association working to stimulate the understanding, adoption, use and widespread application of smart card technology.
Through specific projects such as education programs, market research, advocacy, industry relations and open forums, the Alliance keeps its members connected to industry leaders and innovative thought. The Alliance is the single industry voice for smart cards, leading industry discussion on the impact and value of smart cards in the U.S. and Latin America. For more information please visit http://www.smartcardalliance.org.

Contact

Deb Montner
Montner & Associates Tech PR Agency
203-226-9290
dmontner@montner.com

Metro Bank’s New ‘Pay Anyone’ Service Enables People to Pay Anyone Using E-mail or Cell Number

November 09, 2010 09:00 AM Eastern Time 

Personal payments deposited in as fast as one business day

HARRISBURG, Pa.--(BUSINESS WIRE)--Metro Bank today introduced Pay Anyone, a new free feature of its online bill pay service that enables people to send personal payments to anyone with a U.S. bank account just by using the recipient’s e-mail or cell phone number.

“Confirmation of payment, along with a customizable message from the sender, is sent to the recipient by e-mail or text message. To our knowledge, no other bank offers this service in our market area with payment as fast as next day.”

Payments are sent directly from the sender’s bank account to the recipient’s bank account – regardless of his or her financial institution – and can be deposited in as fast as one business day.

“Pay Anyone allows customers to send payments to friends, family members or anyone at all, electronically and directly, in as fast as one business day,” said Metro Bank Chairman, President and CEO Gary L. Nalbandian. “Confirmation of payment, along with a customizable message from the sender, is sent to the recipient by e-mail or text message. To our knowledge, no other bank offers this service in our market area with payment as fast as next day.”

Ways to use Metro Bank’s Pay Anyone service include quickly and easily sending money to children in college, collecting money for group gifts, splitting the bill for dinner or paying the babysitter.

In addition to Pay Anyone, Metro Bank’s online banking service enables customers to: instantly access their account information; transfer funds between Metro accounts; view 18 months of electronic account statements and bill-pay history; apply for a loan and more.

Forty percent of Metro Bank customers are enrolled in online banking. In addition to managing accounts in real-time, Metro’s online banking customers used free bill pay to pay nearly 730,000 bills in the first ten months of 2010.

In October, customers’ bill payments totaled more than $21 million, with each active bill pay user sending an average of seven payments.

About Metro Bank

Metro Bank, subsidiary of Metro Bancorp Inc. (NASDAQ: METR), is a financial services retailer with 33 stores in the Pennsylvania counties of Berks, Cumberland, Dauphin, Lancaster, Lebanon and York. Headquartered in Harrisburg, the bank’s services include seven-day banking, free checking, free instant-issue Visa debit card, free coin-counting machines, free online banking and 24/7 live customer service. The bank also offers commercial banking services including term loans, commercial mortgages, lines of credit and cash management services. For more information about Metro Bank, visit mymetrobank.com.

Contacts

Metro Bank
Jason S. Kirsch, APR
717-412-6200
jason.kirsch@mymetrobank.com

Permalink: http://www.businesswire.com/news/home/20101109006383/en/Metro-Bank%E2%80%99s-%E2%80%98Pay-Anyone%E2%80%99-Service-Enables-People

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Electronic Charity Box Launched and Extended from On-Line to In-Store through Link Up with Technology Partners YESpay and STS

The Pennies Foundation has joined forces with Smart Technology Solutions (STS) and YESpay International (YESpay) to extend the Pennies proposition to retailers served by YESpay that operate both in-store and on-line. This collaboration will make it simple for these retailers to switch the Pennies capability on.

Pennies, the electronic charity box, is an innovation in the charitable sector that harnesses retail payments technology to make it easy, affordable and secure for consumers to give pennies to charity as they shop and pay by card. If half of the UK’s card-holders gave 8 pence a week in this way an additional £89 million a year could be raised every year.

Today, The Pennies Foundation, the UK registered charity which has created Pennies, makes two announcements.

1. Pennies, the electronic charity box, launches nationwide today with its first retail partner, Domino’s Pizza. From today Domino’s customers who buy pizza on-line and pay by card will have the option to round their bill up to the nearest pound and give their change to UK charities*. Another national on-line retailer is on course to launch before Christmas and plans are well advanced for other retailers to follow in the New Year.

2. It is also announced that The Pennies Foundation has joined forces with Smart Technology Solutions (STS) and YESpay International (YESpay) to extend the Pennies proposition to retailers served by YESpay that operate both in-store and on-line. This collaboration will make it simple for these retailers to switch the Pennies capability on.

The Pennies Foundation, a UK registered charity, has been working since 2009 to create Pennies, the electronic charity box. This new channel is designed to raise additional funds for UK registered charities. It gives shoppers the choice of donating their electronic change in private at the touch of a button when they shop in-store or online. The Pennies Foundation then adds these small individual donations together and distributes the full content of the electronic charity box to designated UK charities.

This simple idea has been turned into reality and will be developed further thanks to the support of a range of companies including a number of key technology partners. These include STS and YESpay, who have been instrumental in the development of a technical solution that will allow shoppers to donate their pennies both easily and securely.

Working together, YESpay and STS are developing a bespoke solution for launch in January 2011 that will make it as simple as 1, 2, 3 for YESpay retailers to implement Pennies. All it will take is for retailers to: switch on the Pennies application; choose the charity to benefit from the majority of the funds collected through their outlets and then to tell their customers using the Pennies marketing collateral.

STS is using their payments expertise to design and develop a software application that provides a simple and easy process to donate money when paying by card. The ‘Pennies solution’ uses the Chip and PIN technology already available at the point of sale.

YESpay is in the process of incorporating the ‘Pennies solution’ into their overall payments software supplied to partners and merchants. The additional functionality will enable retailers to implement Pennies both in store and on line when processing debit and credit card transactions. YESpay will promote Pennies to its wider partner community to extend the range of retailers that are ‘Pennies enabled’.

Steve Turner, CEO of STS said: “STS is extremely proud to be part of the Pennies initiative. We believe that social responsibility should be a key area for businesses and supporting responsible charities is a great way of doing this. We are a technology company and it has been very satisfying to apply our technical skills in pioneering a solution with The Pennies Foundation that can benefit multiple charities”.

Chandra Patni, CEO of YESpay International commented: “It is a pleasure to be able to assist The Pennies Foundation in the development of the electronic charity box. It is a great way to engage consumers in making donations of as little as a few pennies that will nonetheless make a big difference for those in need. We are very excited to be part of this proposition as a key technology partner and we are committed to support the Pennies Foundation in its efforts for a successful launch."

Alison Hutchinson, CEO of The Pennies Foundation, said: “Pennies is all about making giving to charity easy, affordable and secure for the public and raising new funds for multiple charities. Technology partners like YESpay and STS have worked at the very core of the proposition development. We are grateful for their commitment and focus on making Pennies happen. Thanks to their payments software expertise, we can now offer shoppers the ability to donate their electronic change to charity at the single touch of a button, whether on the Chip and PIN machine in-store or the mouse on-line. We have already gone live on-line and are working with a number of other retailers interested in launching Pennies. From January the solution from YESpay and STS will make this simple for many retailers.”

For information please contact:

The Pennies Foundation
Hilary McVitty
hilary(dot)mcvitty(at)pennies(dot)org(dot)uk
07507 837 326

STS
Cristine de Paula
cristine(dot)depaula(at)stspayments(dot)com
07912209919

YESpay
Antonia Mitsana
antonia(dot)mitsana(at)yes-pay(dot)com
0871 221 9510 ext 227

Notes to Editors:

1. The relevant software developments for the Domino’s launch were completed by Vexed Digital. For more information, please visit: http://www.vexeddigital.com/ .
2. Of the funds raised thanks to the donations of Domino’s customers, 75% will benefit UK charity Special Olympics GB, the country’s largest provider of sports training and competitions for people with learning disabilities. The remaining 25% will be distributed to a number of other UK charities of different sizes, including RNIB, NSPCC, Macmillan Cancer Support and The Princes Trust. All the charities are working to improve the lives of people in the UK. Details of all the charities being supported can be found at http://www.pennies.org.uk .

About STS
STS is a forward thinking independent software house, specialising in innovative global payments solutions. STS’ award winning product, Emvelink is the world's leading software based EMV Level 2 kernel. Emvelink is presently used by approximately 40% of the top UK retailers in 120,000 POS and also projects in 16 countries across Asia-Pacific, North America and Europe.

STS software includes EMV, Mobile EPOS and Contactless solutions. STS' flagship product, G8way, is a software application which operates as an Electronic Funds Transfer (EFT) Client for Payments systems and any other transaction types initiated by EMV card technology. It can be installed locally or remotely and manages the messages between a PIN pad terminal device and a payment engine, switch and/or EFT application.

STS solutions are switch and acquirer independent, allowing retailers to make the best decisions for their business and automatically have a choice of 30+ PIN pads for fixed, kiosks, self-checkout and mobile environments to offer. STS unique payments market knowledge and exposure to global payments markets enable us to provide an unrivalled consulting offering.

For more information, please visit http://www.stspayments.com .

About YESpay International Limited
YESpay, a global card payments service company, provides highly secure Internet, EMV Chip & PIN, contactless and gift card payment processing services to independent and multi-chain merchants. Through EMBOSS™, the YESpay Managed Payment Service, merchants can quickly accept integrated card payments within EPOS, kiosks, hospitality and e-commerce systems with minimal capital investment and low on-going services costs.

EMBOSS is an on-line IP-based payment processing service that has been generically pre-accredited by major Card Acquirers in Europe and North America (including Chase Paymentech, First Data Merchant Service (FDMS), Barclaycard Business, HSBC, HBOS, Lloyds Cardnet, Streamline, Ulster Bank, Elavon, PBS, Amex and Diners).

In addition, the YESpay EMBOSS service is fully end to end certified to Payment Card Industry Data Security Standards (PCI DSS) Level 1 as mandated by Visa and MasterCard. The YESpay EasyV-Suite of card payment products is innovative and cost-effective for EPOS, Kiosk, Hospitality, Mobile and Internet environments. With the YESpay EMBOSS card payment service, merchants can perform card payments in both card-present and card-not-present environments.

For more information, please visit http://www.yes-pay.com .

About Vexed Digital
Vexed Digital is a full service independent digital agency based in London. They work with clients across all digital platforms from devising multi-channel e-commerce strategies and implementing them, through to extending brand activity into the social space and building service led branded communities. Their mobile expertise dates back to the early days of WAP and now encompasses strategy and development for iPhone / iPad and Android.

Vexed was one of the first agencies to specialise in the social web and today continues to innovate across all digital channels, most recently mobile e-commerce. It has considerable strategic and technical experience and is able to simplify big, complex projects. Vexed has worked with Dominos Pizza's UK for five years and developed its groundbreaking iPhone app (shortlisted for the Revolution and NMA Awards), Foursquare campaign and other aspects of its digital strategy.

For more information, please visit: http://www.vexeddigital.com .

###

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The Cost of a Chargeback and How to Eliminate Them (Hint: PIN Debit)

Chargify, one of several up and coming recurring billing startups, has put together a nice chargeback infographic that lays out everything you ever wanted to know about chargebacks
PIN Debit transactions virtually eliminate chargebacks.

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VeriFone to Report Fourth Quarter and Fiscal 2010 Results on December 2, 2010

Image via CrunchBase

Earnings Call and Webcast after Close of Trading

SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Systems Inc. (NYSE: PAY) announced today that it will host a conference call to report its financial results for the fourth quarter and fiscal 2010, which will be released after the market closes on December 2, 2010.

The management of VeriFone will host the earnings call, which will be simultaneously webcast, on December 2, 2010, at 1:30 pm (PST). In addition to a discussion of VeriFone's fourth quarter and fiscal year results, management may also provide forward looking guidance on this call. To access the live conference call, the dial-in numbers are as follows:

									Domestic callers: 866-788-0547
									International callers: +1-857-350-1685
									Passcode: 46575084

To access the audio webcast, please go to VeriFone's website (http://ir.verifone.com) at least ten minutes prior to the call to register. The recorded audio webcast will be available on VeriFone's website until December 9, 2010.

A replay of the conference call, which can be accessed by dialing toll-free 888-286-8010, and outside the U.S. by dialing +1-617-801-6888, will be available until December 9, 2010. The access code for the replay is 55081474.

Additional Resources:
http://ir.verifone.com/

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

VeriFone Systems, 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.

Contacts

VeriFone
Investor Contact:
William Nettles , 408-232-7979
Vice President Corporate Development & IR
ir@verifone.com
or
VeriFone Media Relations
Editorial Contact:
Pete Bartolik, 508-283-4112
pete_bartolik@verifone.com

Permalink: http://www.businesswire.com/news/home/20101103006771/en/VeriFone-Report-Fourth-Quarter-Fiscal-2010-Results

Discover Becomes Official Partner of the NHL in United States

November 08, 2010 09:00 AM Eastern Time 

NEW YORK--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) and the National Hockey League (NHL) today announced a new sponsorship naming Discover as an Official Partner of the NHL® in the U.S. The sponsorship also designates Discover as the Official Card of the NHL, NHL All-Star Weekend, NHL Winter Classic, NHL Awards™, and the NHL Entry Draft. As part of the deal, Discover has become the presenting sponsor of the NHL All-Star Game.

The partnership extends Discover’s existing investment in hockey, giving them extended opportunities to engage with U.S. hockey fans nationwide and develop exclusive hockey-themed rewards opportunities and experiences across various NHL special events. In unprecedented fashion, one lucky Discover cardmember will have the opportunity to spend a personal day with the Stanley Cup.“Partnering with the NHL gives us great opportunities to connect with our cardmembers around their passion for the sport of Hockey," said Harit Talwar, president of U.S. Cards for Discover. “Through various cardmember exclusives and unique experiences, including special access to the 2011 NHL All-Star Game presented by Discover, we are providing meaningful reasons for cardmembers to use their Discover Card everyday. It’s another great way to show how it pays to Discover.”

“Discover’s passion for providing unique rewards and experiences to their cardmembers is an excellent fit with the NHL where we are predicated on engaging and mobilizing fans around big events,” said Keith Wachtel, Senior Vice President of Corporate Sales & Marketing for the NHL. “This coupled with Discover’s significant support of our broadcast partners and NHL controlled media assets will provide a deeper engagement with our highly desirable fan demographic.”

In addition through this partnership, Discover will offer opportunities for cardmembers to redeem their Cashback^® Bonus rewards for discounts to Shop.NHL.com and the NHL Powered by Reebok store in New York City, GameCenter Live subscriptions, autographed NHL merchandise, and more.

About the NHL

The National Hockey League, founded in 1917, is the second-oldest of the four major professional team sports leagues in North America. Today, the NHL consists of 30 Member Clubs, each reflecting the League’s international makeup, with players from more than 20 countries represented on team rosters. According to a Simmons Market Research study, NHL fans are younger, more educated, more affluent, and access content through digital means more than any other major professional sport. The NHL entertains more than 250 million fans each season in-arena and through its partners in national television (VERSUS, NBC, TSN, CBC, RDS, RIS, ESPN America, ASN and NHL Network™) and radio (NHL Radio™, Sirius XM Satellite Radio and XM Canada). Through the NHL Foundation, the League’s charitable arm, the NHL raises money and awareness for Hockey Fights Cancer™ and NHL Youth Development, and supports the charitable efforts of NHL players. For more information on the NHL, log on to NHL.com.

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.

NHL, the NHL Shield, the NHL Winter Classic word mark and the word mark and image of the Stanley Cup are registered trademarks and the NHL Winter Classic logo, the NHL All Star Game logo and NHL Awards are trademarks of the National Hockey League. All Rights Reserved.

Contacts

Kerry McGovern, NHL
212-789-2172, kmcgovern@NHL.com
or
Matt Towson, Discover Financial Services
224-405-5649, matthewtowson@discover.com

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