The Green Dot prepaid financial services company posted 33% increase in non-GAAP total operating revenues to $123.2 million in 1Q/11, along with a 27% increase in net income to $17.5 million. Total operating revenues on a generally accepted accounting principles (GAAP) basis increased 26% to $117.3 million for the quarter from the year ago period of $92.8 million. Meanwhile, operating revenues increased 33% to $123.2 million from $92.8 million in 1Q/10, thanks in great part to the number of general purpose reloadable (GPR) debit cards activated totaling 2.21 million, for an increase of 23% from 1Q/10. Also boosting revenue was an increase of 35% in the number of cash transfers to 7.98 million, an increase of 27% from the number of active cards to 4.28 million; and an increase of 62% in gross dollar volume to $4.6 billion.
NCR Corporation reported financial results for 1Q/11 with a revenue of $1.1 billion-up 6% from the year ago figure- thanks to a favorable impact of 2% from foreign currency translation. NCR’s Financial Services segment generated first-quarter revenue of $592 million, up 3% year-over-year, across most geographies. Meanwhile, the Retail & Hospitality segment reported revenue of $376 million, up 5% from 1Q/10 thanks to continued customer adoption of self-checkout solutions as well as assisted POS deployment. Entertainment revenue of $37 million increased 106 percent from the $18 million recorded in the first quarter of 2010, up 16% from the previous quarter thanks to same store sales growth, new entertainment kiosk deployments and the Company’s strategy to redeploy selected kiosks to better performing locations.
NCR has now installed more intelligent deposit ATMs than any other manufacturer in key global regions, including Europe, MEA and North America according to a report from Retail Banking Research (RBR), including its new “SelfServ 16” compact ATM. With this growth, NCR expects 2011 revenues to increase 5-7% on a constant currency basis compared with 2010. Including the continuing investment in the entertainment portfolio, the company now expects its full-year 2011 Income from Operations (GAAP) to be $170 million to $185 million and non-GAAP non-pension operating income (NPOI) (2) to be in the range of $380 to $395 million.
cMoney global mobile phone-based payment and money transfer unveiled its latest technology enhancement to its existing solution to allow for the movement of money between ATMs. Using technologies for mobile phone users, retailers, and financial institutions, the cMoney solution continues to receive positive feedback in our business development discussions, technology developments, shareholder feedback and from the market. Another enhancement slated for rollout in the cMoney solution will offer our customers a new virtual credit card geared specifically to their spending habits while enhancing their credit worthiness. Further cMoney’s introduction of our revolutionary technology is state of the art, and will trump the NFC concept allowing our customers new financial freedom. The cMoney solution provides for credit card data never being revealed; implementing store discount, coupons, and loyalty cards; and sending money from cell to cell instantly, bank to bank and ATM to ATM, securely.
eBay’s PayPal unit has bought FigCard mobile payments for undisclosed terms. The Fig Card allows merchants to accept mobile payments in stores by using a simple USB device that plugs into the cash register or point-of-sale terminal. All the consumer needs is the Fig app on his or her smart phone. The connection with PayPal…
Apparently, 50% believe they will be “upper middle class” or “well off” in five to ten years, despite the fact only 16% of Americans currently describe themselves in those terms. Coincidentally, there is a deterioration in Americans’ outlook on the economy, local business conditions and their own financial situation, given 65% today see themselves as “just keeping even” rather than “upwardly” or “downwardly” mobile, as they struggle with rising gas, food and healthcare costs. This survey, conducted by Hart Research Associates for Citi, found Americans remain optimistic about their future economic prospects, despite a significant drop in their overall outlook on the economy since January. In fact, while 24% describe themselves as “upwardly mobile,” 47% believe they will be in a higher economic group within the next five to ten years than they are in now. Conversely, while 44% currently label themselves as “poor” or “working class,” compared to 16% upper middle class or well off and 39% middle class, only 32% believe it is very or somewhat likely they will be lower middle class, poor or below the poverty line in the next five to ten years.
Acclaim Telecom Services IVR application development and IVR hosting solutions company has received certification of PCI-DSS for Service Providers. This certification is part of an ongoing enhancement process to the Acclaim IVR/Telecom hosted solutions and cloud computing offerings. Acclaim Telecom Services is one of a select number of full-service IVR/Speech hosting providers to achieve PCI Compliance Certification.
ScanSource point of sale, communications, and physical security products for the reseller market released 1Q/11 figures indicating net sales of $613 million and net income of $16.5 million. With this, net sales increased 24% to $613.5 million compared to $496.1 million for the quarter ended March 31, 2010 while operating income increased by 34% to $25.5 million from $19.0 million in the comparable prior year quarter. Net income increased 38% to $16.5 million for the quarter ended March 31, 2011 versus $12.0 million for the quarter ended March 31, 2010. The effective tax rate for the quarter decreased to 34% in the current quarter from 36.5% in the prior year quarter. Diluted earnings per share increased 33% to $0.60 in the current quarter compared to $0.45 in the prior year quarter.
Bank Machine is issuing coupons through an undisclosed number of its ATMs as part of a pilot program. The ATMs issue cents-off coupons for Mars candy bar and are separate from the receipt cardholders receive for cash withdrawals. The coupon is issued after a cardholder withdraws funds from the ATM and can be used to purchase some Mars candies at discount usually inside the store where the ATM is deployed. Cardtronics is planning a similar coupon pilot with some of its ATMs in the United States. Houston-based Cardtronics operated 18,870 ATMs at the end of the first quarter.
MasterCard Incorporated announced the election of Rima Qureshi to its Board of Directors, which is now comprised of 12 members. Ms. Qureshi is senior VP and business unit head, CDMA Mobile Systems at Ericsson, the world’s leading provider of technology and services to telecom operators and also has served as vice president, AT&T Improvement Program Manager for Ericsson North America from 2008 until 2009, and vice president, Service Sales for Ericsson Canada in 2008. She served as vice president and head of Product Area Customer Support for Ericsson AB in Stockholm from 2004 until 2008.
USA Technologies and ViVOtech are set to demonstrate NFC mobile payment technology for vending and wireless POS at the NAMA Vending Expo in Chicago. USA Technologies wireless cashless payments systems teamed with ViVOtech NFC software to demonstrate its “ePort” terminal acceptance for mobile payment as well as traditional magnetic stripe cards, contactless cards, and other cashless forms of payment.
A2iA announced its “CheckReader” comprehensive check-processing toolkit is deployed at the First Georgia Community Banking Company in their first completely electronic, enhanced-deposit-automation solution. As a component of CFS DepositWizard ATM, a solution that allows for the image capture of a check-deposit at the ATM instead of the central processing center, A2iA CheckReader seamlessly provides a verification of the check-image quality and usability, as well as performs recognition on all data-points on the check, including CAR (courtesy amount) and LAR (legal amount) mismatch. The “DepositWizard ATM” with A2iA “CheckReader” is a scalable solution that can be deployed in-house or in a hosted environment, accelerating timelines, reducing operating costs and combating fraud at the point of deposit. It allows users to securely connect and automatically process transactions from the deposit automation-enabled ATMs to the financial institutions’ back office, with no human intervention required.
Businesses and organizations which require magnetic card readers for their business use can now trust the leading POS and retail supplies company www.pospaper.com for their needs. The company is a premier resource on the Internet for a variety of thermal paper rolls, ATM thermal paper rolls, Point-of-Sale (POS) supplies, printer ribbons and POS accessories. It is a one point online shopping point for retailers, banks, casinos, resorts, grocers, and many others. The company offers customers a brilliant way to shop for their POS and retail requirements. Some of the items stocked by POSPaper.com are hard to find elsewhere. POSPaper.com is now a diversified online conglomerate providing an exhaustive range of business supplies and a leading provider of printer ribbons, point of sales printers, bar code scanners, credit card supplies, cash register ribbons, thermal paper, and related supplies.