Viad 3Q/02

Viad Corp reported third quarter revenue of $426.0 million, a 6.2% increase over 3Q/01. Third quarter net income was $35.6 million, compared to a $15.7 million loss for 3Q/01. Payment Services’ revenues on a taxable equivalent basis for the 2002 third quarter grew 13.1% to $217.2 million from $192.0 million in 3Q/01. On that same basis, operating income was up 1.3% to $47.1 million compared with $46.5 million in 2001. During the quarter, Payment Services sold a portion of its tax-exempt securities. Operating margins for the quarter were 21.7%, down from 24.2% in the 2001 third quarter. Margins decreased primarily due to lower interest rates, but also because the product mix shifted as MoneyGram and Official Check drove growth. For more details on Viad’s third quarter performance visit CardData ([][1]).


Student Advantage 3Q/02

Student Advantage reported a third quarter loss of $3.3 million on revenue of $20.1 million, compared to a $6.3 million loss on revenues of $22.9 million for 3Q/01. Student Advantage, Inc. (Nasdaq: STAD) is a leading integrated media and commerce company focused on the higher education market. Student Advantage works with more than 1,000 colleges, universities and campus organizations, and more than 15,000 merchant locations to develop products and services that enable students to make purchases less expensively and more conveniently on and around campus.

NCR 3Q/02

NCR Corporation reported third quarter revenue of $1.38 billion, a decrease of 5% versus the prior-year period. ATM revenue decreased 3% and retail store automation solution revenue declined 13%. Net income for the third quarter was $41 million compared to a net loss of $6 million for 3Q/01. Excluding goodwill amortization and special items, third-quarter 2001 net income and earnings per diluted share would have been $40 million. Payment and Imaging revenue was down 22% in the third quarter of 2002, but flat year-over-year excluding the item-processing outsourcing business sold in the fourth quarter of 2001. Growth in imaging solutions offset the declines in core item processing due to check volume reduction. For the fourth quarter, revenue for NCR is expected to be down 0-5% compared to the fourth quarter of 2001. By solution, Data Warehousing and Retail Store Automation revenues are expected to increase approximately 5-10%, while ATM revenue is expected to be roughly flat. Systemedia is expected to be up 0-5% while Payment and Imaging and Other will be down approximately 10% and 30%, respectively. NCR expects operating income in the fourth quarter to be approximately $100-$115 million. For more details on NCR’s third quarter performance visit CardData ([][1]).


GCA Adds More

Twenty-two gaming properties have signed contracts to use Global Cash Access’ “Casino Cash Plus 3-in-1” ATM. The Casino Cash Plus 3-in-1 ATM eliminates such denials with a patented roll-over feature, which gives patrons the option of obtaining funds via a point of service (POS) debit transaction or a pinless credit card cash advance.

MBI Card

MA-based mbi reported this week it has topped 150,000 cardholders for its healthcare MasterCard debit cards. The mbi “Flex Convenience Card” enables employees using FSAs and HRAs to pay for eligible healthcare expenses wherever MasterCard is accepted. mbi currently has more than 160 TPA customers and over 1,900 employer groups. Some of the employers using the technology include PacifiCare, Ruby Tuesdays, MasterCard, and the Arizona Diamondbacks. Based on orders from TPAs and employers, mbi projects approximately 225,000 cardholders by the end of January.


Oberthur Card Systems reported third quarter revenue of 103.3
million euros, 7% decline from 3Q/01. Oberthur says the slowdown in smart
cards reversed itself during the third quarter as the company experienced a
13.6% increase over second quarter thanks to business in France and the
United Kingdom. Oberthur says sales of magnetic stripe cards have
stabilized. The decline of 4.3 million euros in sales compared with 3Q/01
is mainly due to the divestment from the memory card business in the USA.
Oberthur says the roll out of EMV microprocessor cards has reached a new
phase in the UKwith the introduction of the [email protected] technology that enables
retailers to use microprocessor cards with a PIN code at their POS
terminals. With a 58% sequential growth and the recent announcement of a 3
three-year contract with Barclaycard, Oberthur says it is in a strong
position. Oberthur expects its level of sales on a full year basis to be in
the range of 435 to 450 million euros.

Smart Card Rebates

A Cleveland-based manufacturer of LCDs has been issued a patent which allows instant cash incentives to be given to smart card customers at the POS. Viztec received the “Chip Card Rebate System” patent which broadly covers electronic cash rebates loaded onto smart cards in conjunction with advertisements and sales promotions (including coupons). Viztec says it also has patents covering smart cards with flexible displays, as well as the downloading of advertisements and coupons to smart cards with flexible displays. Viztec is currently commercializing its flexible LCD technology for use in smart cards, as well as other consumer and industrial products. Contrast ratios of Viztec’s current displays for smart cards are approximately 200:1. Viztec currently does not intend to manufacture smart cards, but is instead offering the technology covered in its smart card patents under a license agreement with qualified partners.


BOC Credit Card (International) Ltd. has signed with EDS Greater China to
migrate BOCI’s credit card operations to a comprehensive and IT system with
credit processing modules on a mainframe platform.
EDS will provide IT services for the migration of the existing legacy
systems supporting BOCI’s credit card operations in the Mainland of China
and Hong Kong and Macau SARs. EDS will also provide trainer training for
selected BOCI staff, data conversion for more than one million credit card
accounts and system implementation for the project. This project is the
second phase of the global upgrading program for BOCI. EDS has already
implemented the same system for BOCI’s operations in Australia and Singapore.

Cure Card

A consumer loyalty card created to help raise funds for breast cancer research will be launched next week. Consumers will be able to purchase “The Cure Card” for $25 of which 50% is automatically donated to The Breast Cancer Research Foundation. Cure Card holders receive discounts on purchases each time they use their Card at participating retailers through October 31, 2003. In turn, the retailer will make a donation back to BCRF each time “The Cure Card” is shown at time of purchase. The national retail partners for its launch include Adrienne Vittadini, Carolee, Casual Corner, Petite Sophisticate, August Max Woman and Casual Corner Annex. The Cure Card is expected to be available in over 1,000 stores nationwide.