Online Resources online financial services reported 2Q/10 revenue of $36.4 million, compared to the year ago figure of $37.8 million. Meanwhile, Ebitda was $6.0 million, compared to $8.4 million in the same quarter of 2009; adjusted Ebitda was $6.6 million, compared to $9.3 million in the prior year period; and core net income was $1.7 million, compared to $2.5 million in the same quarter of 2009. Projections show Online Resources 3Q/10 revenue will be between $34.6 and $36.6 million, Ebitda will be between $4.8 and $6.3 million, and core net income is expected to be between $0.01 and $0.03 per diluted share.
The Global Payments electronic payment processing proprietary “Global Transport” payment gateway was awarded as the Business Solutions magazine’s Best Channel Product, based on a Web survey of the Value Added Reseller (VAR) community. The “Global Transport” suite of products enables merchants, software developers, VARs and Original Equipment Manufacturers to use their Point-of-Sale (POS) applications to easily integrate with payment devices such as magnetic stripe readers, PCI-PED PIN pads, signature capture devices, and receipt printers.
For its 9 million cardholders, Hyundai Card is implementing FICO analytics and decision management technology with “Transaction Scores.” The “Transaction Scores” solution is based on a customerâs card usage patterns and updated with every transaction authorization, yielding a more precise and current assessment of customer risk and purchase behavior that can be used to target cardholder decisions. Hyundai also plans to use FICO Transaction Scores to match credit offers and rewards to a customerâs needs, improving response rates and increasing customer satisfaction. The Hyundai Card implementation will be modeled on the FICO “Falcon Fraud Manager 6” scoring engine.
Cardtronics non-bank owner of ATM has posted 2Q/10 revenues of $132.9 million. The 2Q/10 revenue reflected a 7% increase from the year ago period revenue of $124.6 million and is up from the $127.8 million last quarter. Gross margins meanwhile were 32.5%, up from 30.1% in 2Q/09; adjusted EBITDA was $33.9 million, up approximately 22% from the year ago period of $27.9 million; and GAAP net income was $8.2 million compared to $2.5 million in 2Q/09. Additional findings show on a year-over-year basis, total transactions increased by 9%; total cash withdrawal transactions increased by 6%; total transactions per ATM increased by 6%; and ATM operating gross profit per ATM increased by 12%.
2Q/08: $127.0 million
3Q/08: $127.2 million
4Q/08: $118.2 million
1Q/09: $115.3 million
2Q/09: $124.6 million
3Q/09: $128.6 million
4Q/09: $124.8 million
1Q/10: $127.8 million
2Q/10: $132.9 million
Source: CardData (www.carddata.com)
ProPay End-to-End Payment Security, credit card processing, and electronic payment services has launched its professional services, allowing merchants to navigate security and regulatory compliance requirements. For this, ProPay’s training program allows companies to schedule onsite training with ProPay’s experts. Companies seeking guidance on payment security issues can engage consultants with extensive expertise and experience in the industry. Companies striving to stay informed on existing and forthcoming data security and privacy issues facing merchants can take advantage of ProPay’s research and analysis capabilities.
Diebold has partnered with Christie’s Auction House to centralize its security operations, reduce risk and improve event response times across multiple sites. With this Diebold designed a new command and control center for Christie’s Rockefeller Center headquarters in New York City. The location houses extremely valuable collections of fine art, jewelry and collectibles for storage, display and sale at auction. Diebold’s design integrated new video surveillance technologies with legacy systems, replacing Christie’s original analog-linked video system with a video display wall that’s digitally connected to cameras, digital video recorders (DVRs) and a custom-programmed touch-screen control system. The new layout puts any camera feed in an operator’s field of view with the click of a mouse. OH-based Diebold integrated self-service delivery and security systems and services employs more than 16,000 in nearly 90 countries worldwide.
Sage North America has introduced its “Sage Payment Boss” mobile tool, geared toward small businesses for payment receipt anytime, anywhere with credit card acceptance on a 3G enabled phone and a merchant account. The “Sage Payment Boss” mobile tool allows businesses to run card transactions for verification on the spot, complete with an e-receipt to the payee once the transaction is complete. When used with “Sage Billing Boss,” “Sage Payment Boss” helps small businesses to get paid immediately, tracking and managing their incoming cash flow in real time, monitoring their sales activities and reconciling their credit card transactions with their merchant accounts.
The board of directors of Diebold declared a third-quarter cash dividend of 27 cents per share on all common shares. The dividend is payable on Friday, Sept. 10, to shareholders of record at the close of business on Friday, Aug. 20. OH-based Diebold integrated self-service delivery and security systems and services employs approximately 16,000 associates with representation in nearly 90 countries worldwide.
Devon Bank and the Bank of Akron have implemented the Harland Financial “PhoenixEFE” integrated enterprise software platform. Combining real-time core
processing and specialized applications, the “PhoenixEFE” software provides the Banks capabilities in all areas of operations with a âone-stop shopâ
offering. Both banks have also integrated Harland self service delivery channels, deposit and loan origination, credit risk management, and business
intelligence. Harland Financial Solutions specializes in branch automation, payment processing, enterprise content management and risk management.
Oberthur Technologies security and identification based on smart card technology has chosen “CARDLINE VERSA” from Atlantic Zeiser to offer personalization, maximum flexibility in configuration and tUV ink-based DoD printing. Atlantic Zeiserâs “CARDLINE VERSA” provides print for runs of personalized and secure prepaid cards and is designed to run at up to 32,000 cards per hour in combination with high capacity card input and output devices. The System’s magnetic encoding can be rotated for top down or bottom-up and the magnetic encoding head can be freely positioned across the card or product. Personalization is provided using a fixed reference edge along with card alignment units for exact product alignment.
USA Technologies has had a 9,000 increase in the number of devices connected to its network throughout 2Q/10 to reach over 82,000. This figure, compared to the year ago period of 52,000, is in conjunction with its more than 150 newly acquired ePort Connect Service customers, which now exceeds 1,050. This growth is thanks in large part to vending operators using the USAT cashless solution, recognizing the positive impact that cashless vending is having on sales, margins and net operating profit, paired with vendor requests for such technologies. Over the past year and a half, 41,000 traditional vending machines connected to the USALive Network were averaging $1,508 in annual credit/debit card purchases, and that the top 10,000 vending machines were averaging $2,973 in cashless sales annually. The Company expects to have 100,000 devices connected to the ePort Connect Service by December 31, 2010.
MoneyNYC.com is introducing its financial services website, www.merchantservicesnyc.com, offering solutions for merchants accepting all major credit and debit cards. Targeting businesses currently accepting credit cards, the website offers equipment such as simple terminals and complex POS systems. Equipment offered through the site includes free terminals and POS systems that retail for hundreds of dollars.