04/30/2010 • CardFlash® - Payment Card Industry News

Cardtronics Posts Posts 1Q/10 Revenue up 11% Y/Y

5, Country, Priority, UNITED STATESBy Robert McKinley 04/30/2010

Cardtronics non-bank owner of ATM has posted 1Q/10 revenues of $127.8 million. The 1Q/10 revenue reflected an 11% increase from the $115.3 million in
revenues generated the year ago period and is up from the 124.8 million seen last quarter. On A year-over-year basis, gross margins were up from 27% to 31%;
adjusted EBITDA was up 30% from $22.5 million to $29.3 million; and GAAP Net Income was up to $4.0 million from a $5.1 million GAAP Net Loss. Additional
findings show total cash withdrawal transactions increased by 6%; cash withdrawal transactions per ATM increased by 4%; total transactions per ATM increased
by 7%; and ATM operating gross profit per ATM increased by 25%. Increased revenues reflecting a 13% growth thanks to growth in core business operations,
including higher-margin domestic large-account ATM placement and international businesses.

CARDTRONICS REVENUE
($ millions)
1Q/08: 120.6
2Q/08: 127.0
3Q/08: 127.2
4Q/08: 118.2
1Q/09: 115.3
2Q/09: 124.6
3Q/09: 128.6
4Q/09: 124.8
1Q/10: 127.8
Source: CardData (www.carddata.com)

MagIC3

5, CANADA, Country, PriorityBy Robert McKinley 04/30/2010

American Express Business Travel, a global leader in business travel management, announced it is offering its automated central command post complimentary for those customers who implement its business continuity suite. Information learned from the volcanic ash cloud situation demonstrated the importance of continuous information exchange between corporate security, travel, finance and other departments and combining that with the creativity and persistence of experienced travel counselors became the formula to successfully manage through this unexpected situation. American Express Business Travel reported its client base had more than 150,000 travellers impacted by the travel cancellations. American Express recommends for companies to consider to ensure preparation and business continuity for any unforeseen travel disruption that include the following tips: Be a safety net. Distressed travellers seek solace in their travel
managers and expect a personal touch from their service; Take a fresh look. Nothing is more important than knowing the
whereabouts of your travellers and verifying their safety; evaluate your servicing configuration. Does it include allowances for emergency and after-hours service; revisit your traveler communications strategy. It must allow for
two-way, real-time communication with employees and travellers both
individually and company-wide and consider a traveler portal solution that can target individual travellers based upon their preferences and travel history then post and push timely
and relevant information; embrace telepresence and teleconferencing. due to travel interruptions; utilize an automated ticket tracking
application to identify all unused tickets; create the dialog with your peers through online forums
and discussion boards. Share your experiences and pick up a new tip
or learning along the way and debrief while the situation is still fresh.

Lenco Mobile Completes MMS Platform

5, Country, Priority, UNITED STATESBy Robert McKinley 04/30/2010

Lenco Mobile has successfully completed testing of its Multimedia
Messaging (MMS) platform in the US.
Lenco Mobile is currently sending millions of MMS messages to mobile
subscribers outside of the USA and the company believes that it will
achieve high acceptance in the USA. Testing in the USA was carried out
through a leading third party aggregator which provides connectivity to
the major wireless carriers in the USA including AT&T, Verizon and
Sprint. Lenco Mobileâs leading edge MMS messaging platform is capable of
sending up to 250 MMS messages per second. The company believes that
this far exceeds the number of messages being sent by other commercially
installed MMS messaging platforms. Lenco Mobile owns and operates
businesses focused on the high growth mobile marketing and Internet sectors.

USAT Showcases PCI-Compliant Cashless Payment Service

5, Country, Priority, UNITED STATESBy Robert McKinley 04/30/2010

USA Technologies networked devices and wireless non-cash transactions reported its “ePort EDGE” cashless payment terminal is at the center of their hardware and support services demonstrated at the NAMA Expo, April 28-30 in Chicago. USAT is also showcasing its turn-key payment processing capabilities, including its cashless hardware and comprehensive back-end services program, ePort Connect. ePort Connect consists of merchant account set up and management, wireless connectivity, online sales reports, consumer support, over-the-air (OTA) updates, DEX data transfer and machine health alerts. USATâs hardware and services are also certified as PCI compliant. The EDGE won the NAMA Innovation Award based on this criteria and for its one-piece design, faster transaction processing, and ability to perform various tasks simultaneously to for maximum up-time.

Fiserv Reports Total Adjust Revenue of $954mm

5, Country, Priority, UNITED STATESBy Robert McKinley 04/30/2010

Fiserv inancial services technology posted total 1Q/10 GAAP revenue of $1.01 billion, compared with $1.02
billion the year ago period, while total adjusted revenue decreased 1% to $954 million, compared with $968
million in 2009. A slight decline in operating margin and an increase in free cash flow increased 15% over
the prior year to $225 million, thanks in part to decreases in higher margin revenue and continued expansion in consumer payments. With this, Fiserv signed 93 electronic bill payment clients and 46 debit clients. Among its new clients are the Charles Schwab co; the Coastal Federal Credit Union which now makes available the Fiserv “CheckFree RXP” online bill payment and presentment solution to its 195,000 members; First National Bank Alaska, which integrates Fiservâs debit solutions with the “Premier” account processing platform; and SunTrust Bank, which implemented Fiserv’s “Mobile Money.”

FISERV REVENUE
4Q/08$984 million
1Q/09 $968 million
2Q/09$983 million
3Q/09 $992 million
4Q/09 $1.01 billion
1Q/10$954 million
Source: CardData (www.carddata.com)

VERSAPAY & POSITIVE

5, CANADA, Country, PriorityBy Robert McKinley 04/30/2010

Processing solution provider VersaPay Corporation has
agreed to sell its 75% ownership stake in Positive Inc., a
provider of wireless point-of-sale terminals and merchant
services, to Anthony Stapenhurst, Positive’s President and holder of
the remaining 25% of Positive’s shares. Stapenhurst is considered to be a Non Arms Length Party to VersaPay,
as such term is defined in the policies of the TSX Venture Exchange (the
“Exchange”), because Mr. Stapenhurst is a director and senior officer of
Positive, which is a subsidiary of VersaPay. Under the terms of the transaction, VersaPay has
agreed to exchange its shares in Positive, for 150,000 common shares in
VersaPay held by Stapenhurst, which are currently subject to escrow.
In addition, VersaPay has agreed to grant Stapenhurst an option,
exercisable no later than 10 days following the closing date of the
Transaction, to transfer to VersaPay any of the remaining 100,000 shares
of VersaPay he owns at a price of $0.50 per share. Stapenhurst
currently owns 250,000 shares of VersaPay, 237,500 of which are
currently subject to escrow over a three-year period. Further, the Transaction
constitutes a “Related Party” transaction under the definition of that
term in Multilateral Instrument 61-101, and is subject to a number of
conditions including the approval of the Exchange.

eEye’s REM Security Management Console Supporting DOD CAC Smart Card

5, Country, Priority, UNITED STATESBy Robert McKinley 04/30/2010

IT security provider eEye Digital Security announced its “REM
Security Management Console” now supports the U.S. Department of Defense
CAC smart card for two-factor authentication, a compliance requirement
for access to critical federal government computer systems.
The CAC enables encrypting and cryptographically signing email,
facilitating the use of PKI authentication tools, and establishes an
authoritative process for the use of identity credentials.
The REM Security Management Console is a key component of Retina.GOV,
providing unified vulnerability management and compliance. Designed for
government departments and agencies, the REM Security Management Console
provides a single point of visibility into an organization’s security
posture. By allocating resources based upon threat level and business
function, organizations can focus on the most critical vulnerabilities
and attacks first. In addition to REM, eEye’s Retina Web Security Scanner
will also support the CAC smart card by the end of Q2.

VISA VISITOR GUIDE

5, Country, Priority, SOUTH AFRICABy Robert McKinley 04/30/2010

Visa, a FIFA Partner and the preferred card of the tournament, has released a Top 10 list of useful payment card tips to ensure everyone traveling to South Africa for the 2010 FIFA World Cup in its “Visa Visitor Guide: South Africa 2010.” The guide offers information on must see heritage sites, museums, and safari parks as well as shopping and dining insights from local experts, and now includes an updated tournament schedule and a list of the 32 qualified teams. The 2010 FIFA World Cup South Africa accepts only Visa-branded payment cards and cash in all 2010 FIFA World Cup stadiums for food and beverages, retail goods, and services, so the guide primarily recommends bringing a Visa payment device. Additionally, Visa is recommending notifying your issuing bank that you will be traveling; to take advantage of special merchant offers while in South Africa; set up automatic bill pay for your credit card and make sure you have sufficient funds in your debit account; to contact the issuing bank about travel-related benefits for Visa cardholders; and to review your payment card statements and contact your issuing bank immediately if you see any suspicious or incorrect charges. The Visa Visitor Guide can be seen online at visit www.visa.com/fifavisitortravelguide.

ACI Reports $87.7 Million In Q1 Revenue

5, Country, Priority, UNITED STATESBy Robert McKinley 04/30/2010

E-payment processor ACI reports its revenue was $87.7 million in the quarter ended March 31, 2010, a
reduction of $0.5 million over the prior-year quarter revenue of $88.2
million. The reduction in revenue was led by a $1.5 million variance in
license fees and a $3.3 million reduction in implementation and services
fees as compared to the prior-year quarter. However, revenue improved by
$3.5 million in maintenance and by $0.8 million in on-demand hosting
revenues. Our monthly recurring revenue of $63.3 million in the quarter
ended March 31, 2010 represented a rise of $5.9 million over the
prior-year quarter, resulted largely from higher ratable monthly
software license fee revenues and maintenance revenues in the EMEA segment.
ACI Worldwide is a leading provider of software and services solutions
to initiate, manage, secure and operate electronic payments for major
banks, retailers and processors around the world.

BANAMEX VISA

5, Country, Priority, UNITED KINGDOMBy Robert McKinley 04/30/2010

Digital security provider Gemalto has posted total revenue for the first quarter of 2010 of EUR 390 million, an increase of 8% over 2009 at constant exchange rates. All segments posted revenue expansion.Revenue from software and services more than doubled year on year. Increased investment in this activity, with new service offerings from both bolt-on acquisitions and organic developments, as well as renewed demand from mobile network operators led to this strong performance.
Revenue from the traditional SIM card business was stable year on year. Product mix improved only slightly as the return to large-scale innovation projects continues to be gradual. Demand for Gemalto products in some developed markets showed renewed momentum. This quarter saw a return to solid revenue growth of microprocessor payment cards, with strong deliveries driven by worldwide EMV migration and dual interface contactless card deployments. This growth fully compensated for the effect of last year’s shift from registered mail to standard mail for card deliveries and for 2010 being a low point in the UK payment card renewal cycle. This quarter also saw the pursuit of new migration projects to the more secure and higher-end Dynamic Data Authentication EMV (Europay MasterCard Visa) payment cards in Europe.

Encore Capital Sees 23% Increase in Collections for Q1

5, Country, Priority, UNITED STATESBy Robert McKinley 04/30/2010

Debt collector Encore Capital Group reports gross collections were $141.3 million, a 23% increase over the $115.2
million in the same period of the prior year.
Investment in receivable portfolios was $81.6 million, to purchase $2.1
billion in face value of debt, compared to $55.9 million, to purchase
$1.3 billion in face value of debt in the same period of the prior year.
Available capacity under the revolving credit facility, subject to
borrowing base and applicable debt covenants, was $54.5 million as of
March 31, 2010. Total debt, consisting of the revolving credit facility,
convertible senior notes and capital lease obligations, was $318.0
million as of March 31, 2010, an increase from $303.1 million as of
December 31, 2009. Revenue from receivable portfolios was $82.9 million, a 15% increase
over the $72.3 million in the same period of the prior year. Revenue
recognized on receivable portfolios, as a percentage of portfolio
collections, excluding the effects of net portfolio allowances, was 64%,
compared to 67% in the same period of the prior year.
Revenue from bankruptcy servicing was $4.4 million, a 6% increase over
the $4.1 million in the same period of the prior year.
Total operating expenses were $65.6 million, a 9% increase over the
$60.2 million in the same period of the prior year. Operating expense
(excluding stock-based compensation expense and bankruptcy servicing
operating expenses) per dollar collected decreased to 42.9% compared to
48.3% in the same period of the prior year.
For more details on Encore
Capital’s first quarter performance visit CardData (www.carddata.com).

PAYPAL

5, Country, POLAND, PriorityBy Robert McKinley 04/30/2010

E-payment processor First Data has
extended its processing agreement with Raiffeisen Bank Polska SA and
broadened the scope of its cooperation with the bank to include issuing
and processing of chip-based credit cards. The expanded agreement
enables Raiffeisen Bank to offer an advanced product with enhanced
transaction security and functionality to cardholders. First Data recently implemented a Web Data Access eXchange (WDX)
solution for Raiffeisen Bank Polska SA that enables the bank’s customers
to access a range of bank services online. Cardholders can view
information such as credit card balances, card payment and transaction
history and perform card activations using a variety of communication
channels such as the Internet and a mobile phone.

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