1st Mariner Bank Deploys Geezeo PFM Solution

MD-based 1st Mariner Bank has signed agreements to provide Geezeo’s online consumer finance platform to its customers. Offering personal financial management (PFM), social networking and Web community platforms to financial institutions, Geezeo will now offer 1st Mariner Bank customers access to Geezeo’s fully customizable online management tool. The PFM and social networking platform combines account aggregation, community forums, budgeting tools, cross marketing capabilities and educational content. Geezeo offers Internet banking solutions on a unique platform to help financial institutions develop online customer dialog.

Jack Henry Reports 7% Y/Y Revenue Increase

MO-based Jack Henry & Associates reported that second quarter total revenue increased 7% to $210.9 million compared to the same quarter a year ago. For the quarter ended December 31, 2009, the company generated total revenue of $210.9 million compared to $190.2 million in the same quarter a year ago. Gross profit increased to $89.1 million compared to $77.4 million in the second quarter of last fiscal year. Net income totaled $30.0 million, or $.35 per diluted share, compared to $28.0 million, or $0.33 per diluted share in the same quarter a year ago. For the first half of fiscal 2010, total revenue of $393.2 million was generated compared to $373.3 million for the first half of fiscal 2009. Gross profit increased to $163.5 million compared to $149.9 million during the same period last fiscal year. Net income for the first half of fiscal 2010 was $56.3 million, or $.66 per diluted share, compared to $50.5 million, or $0.59 per diluted share for the same six months in fiscal 2009. For complete details on Jack Henry’s latest performance visit CardData (www.carddata.com).

Ingenico& Verifone Initiate POS Member Network

The Secure POS Vendor Alliance
Ingenico S.A. and VeriFone have formed the “Lab Network” to participate
with SPVA members, prospective members and the SPVA’s Technical Working
Groups on security evaluations of the SPVA implementation guidelines.Members of the Lab Network will work together to share best practices
and raise the security level within the point of sale industry. Establishment of the SPVA Lab Network facilitates the closing of gaps in
security payment process compliance by ensuring certain aspects of
technology and applied processes will be subject to independent
verification and standard guidelines. This will give end-users and
customers a method for establishing an independent and credible review
of an implementation of forthcoming SPVA best practices and provide them
with options to ensure their compliance is verified. The following are requirements for eligibility: Provide information
security evaluations in the POS industry; Authorized Qualified Security
Assessor (QSA); Provide evaluations in the PIN entry and device
security; Approved by the Payment Card Industry to evaluate compliance
with the PCI Data Security Standard (PCI DSS), the Payment Application
Data Security Standard (PA DSS) and accredited to test PIN Entry Devices
for compliance with the compulsory PCI standards (PCI PED).

AmEx Offers Cardmembers Exclusive Access to Haiti Fundraiser

American Express announces its full roster of Cardmember experiences and exclusive access during Mercedes-Benz Fashion Week, including a partnership with Naomi Campbell’s “Fashion For Relief-Haiti NYC, 2010.” A benefit for victims of the recent Haiti tragedies, “Fashion For Relief -Haiti NYC, 2010” is to be held in the Tent at Bryant Park on Friday, February 12 at 7 PM in support of CARE’s Haiti relief fund, for which tickets are exclusively available for Cardmembers starting Friday, February 5 at 10:00 AM at Ticketmaster.com. The event will feature actors, musicians and celebrities walking the runway in various looks by top designers. The garments will later be auctioned online at NET-A-PORTER. Tickets for American Express Cardmembers can be purchased before the general public for $100 and $150. All proceeds from the sale of event tickets will go to the CARE organization to raise crucial funds towards rebuilding Haiti’s healthcare system for mothers and children.

MasterCard Posts Net Income of $294mm

MasterCard Incorporated announced financial results for the fourth quarter and full-year 2009 with a net income of $294 million, or $2.24. Net revenue for the fourth quarter of 2009 was $1.3 billion, a 6.0% increase versus the same period in 2008. Currency fluctuations contributed 3.8 percentage points of the increase in net revenue for the quarter. The higher net revenue in the fourth quarter this year benefited from pricing changes of approximately 5 percentage points; An increase in cross-border volumes of 3.9%; A 6.7% increase in the number of transactions processed, to 5.9 billion; and Growth of 5.3% in MasterCard’s gross dollar volume to $674 billion. Worldwide purchase volume during the quarter rose 5.7% on a local currency basis, versus the fourth quarter of 2008, to $510 billion. As of December 31, 2009, the company’s customers had issued 966 million MasterCard cards, a decline of 1.3% over the cards issued at December 31, 2008. For complete details on MasterCard’s latest performance visit CardData (www.carddata.com).

MASTERCARD TRANSACTIONS (millions)
(purchases + cash)
TRANSACTIONS
Dec 31, 2008 8,460
Sep 30, 2009 8,228
Jun 30, 2009 7,985
Mar 31, 2009 6,475
Dec 31, 2008 7,768
Sep 30, 2008 7,638
Jun 30, 2008 7,462
Mar 31, 2008 6,972
Dec 31, 2007 7,306
Sep 30, 2007 6,842
Note: All MasterCard Credit, Charge and Debit Programs processed on
MasterCard’s networks. Source: CardData (www.carddata.com)

PYMNTS.com Kicks-off Exclusive Interview Series Across Payments Industry

CEO’s from the leading players across the payments spectrum describe “what’s next” in payments to the founder of Market Platform Dynamics and author of Paying with Plastic in an exclusive PYMNTS.com feature. These interviews have already captured the views of CEO’s from a diverse group of innovators, including Visa, The Clearing House and Billeo. CEOs will address the role of mobile, security, prepaid, eCommerce and payments infrastructure in transforming the industry over the next 3 to 5 years, in both the developed and developing worlds. The President of The Americas from Visa holds innovations in the US will offer smarter devices to add value to the existing card-based magnetic stripe infrastructure to electronify more transactions through prepaid.
PYMNTS.com is a joint venture between Berkshire Hathaway’s Business Wire and Market Platform Dynamics.

Heartland Launches Community College Card Program

Hillsborough Community College (HCC) has selected Heartland Payment Systems’ “Campus Solutions” to develop and implement its “HCC Hawk Card” campus card program. Built on Heartland’s Campus “OneCard” platform, the “HCC Hawk Card” campus card program is designed to meet the school’s needs to provide students, faculty and staff with a quick, flexible tool to access a multitude of key services on- and off-campus. The “Hawk Card” is required to print and make copies on-campus as well as access library services, parking facilities and HCC’s student living community, Hawks Landing. The card is also part of the “Give Something Back Network,” a growing, nationwide network offering cardholders a way to access services and make purchases using one card. Heartland Campus Solutions offers academic institutions nationwide campus card programs, state-of-the-art access control/security systems and cost-effective payments processing.

Global IP to Issue 9,833,333 New Shares

CA-based Global IP Solutions Holding AB has announced the
Board of Directors has resolved to issue up to 9,833,333 new shares in
the Rights Offering at a subscription price of NOK 4.80 per share.
As announced on February 2, 2010, a guarantee consortium has been
established consisting of existing larger shareholders that shall on
certain conditions subscribe for new shares in the Rights Offering in
the total aggregate amount of NOK 47,200,000 of the new shares not being
subscribed for by others, according to their relative part of the total
guaranteed amount. The guarantors may deduct from their guarantee
liability shares subscribed for by them (including their 100% owned
subsidiaries) in the Rights Offering. The guarantee commission is 4% of
guaranteed amount. The guarantee consortium consists of the following
guarantors with their respective guaranteed amount in NOK.
Global IP Solutions provides best-in-class voice and video
processing in IP communications and enables its customers to deliver
unmatched quality, with a faster time to market and less risk than
alternative solutions. GIPS serves application developers, service
providers, and network equipment vendors.

NCR Reports 5% Y/Y 4Q/09 Revenue Loss

NCR Reported revenue of $1.35 billion decreased 5% from the fourth
quarter of 2008. Also reported was a fourth-quarter loss from continuing
operations (attributable to NCR) of $56 million, or $0.35 per diluted
share,
compared to income from continuing operations (attributable to NCR) of
$55 million in the fourth quarter of 2008. Income from continuing
operations in the fourth quarter of 2009 included a $151 million ($97
million after-tax) net charge, or $0.60 per diluted share, related to
the Fox
River environmental matter, a $24 million ($15
million after-tax), or $0.09 per diluted share, impairment charge
related to an equity investment and related assets, and $6 million ($4
million after-tax), or $0.03 per diluted share of incremental costs
related to the relocation of the Company’s global headquarters. Income
from continuing operations for the fourth quarter of 2008 included $53
million ($38 million after-tax) in costs, or $0.24 per diluted share,
resulting from organizational realignment activities, legal matters and
the Fox River environmental matter. Excluding these items, non-GAAP
earnings per share (1) in the fourth quarter of 2009 was $0.37 per
diluted share compared to $0.58 in the prior year period. For more
details on NCR’s second quarter performance visit CardData
(www.carddata.com).

NCR REVENUE HISTORICAL
2Q/08: $1.33 billion
3Q/08: $1.38 billion
4Q/08: $1.42 billion
1Q/09: $1.01 billion
2Q/09: $1.12 billion
3Q/09: $1.42 billion
4Q/09: $1.35 billion
Source: CardData (www.carddata.com)

TSYS to Provide B+S Card Service Back-office Merchant Acceptance

Payment service provider TSYS and B+S Card Service,
Germany have signed an agreement for TSYS to provide B+S Card Service
with back-office merchant acceptance services across Europe. B+S Card Service is one of Europe’s leading acquirers and providers of
card payment solutions having developed a presence in 12 European
countries, and has been helping its merchant clients transact payments
for more than 20 years. TSYS’ TS PrimeSM platform will be utilised,
offering B+S Card Service a fully flexible, scaleable and enhanced
cross-border merchant acquiring capability. The conversion is planned for Q1 2011 and will be supported from TSYS’
state-of-the-art European datacenter, based in the UK. TSYS will also
support B+S Card Service with Risk and Fraud Detection and Information
Management Solutions.

Wells Fargo Deploys M-Banking to Customers

Wells Fargo has rolled out text banking to all its customers.

The Wells Fargo Mobile Text Banking service is safe. It is now accessible to all customers including
those who have yet to enroll in Wells Fargo Online Banking. Wells Fargo
is the first major financial services company in the United States to
offer text banking to all its customers. Customer accounts
are referred to only by nicknames, therefore account numbers, passwords
or other personal information are not needed. Mobile Banking is covered
by our Online Security Guarantee. Access to account information while “on the go” adds protection for
customers when it comes to fraud prevention and detection. Mobile text
banking allows customers to review their accounts for unusual activity
anytime, and take quick action if necessary.

BofA Merrill Lynch to Deploy PropertyBridge Card Payment

PropertyBridge, a MoneyGram International subsidiary and provider of electronic payment services to the multi-family housing industry, will offers its payments platform to Bank of America Merrill Lynch property management clients. Providing banking, lending and payment processing services to more than 40 of the top 50 property management companies in the U.S. , Bank of America is targeting the one-third of Americans whom rent their housing, representing 18 million apartments with approximately $146 billion spent annually on residential rent. With these agreements, Bank of America Merrill Lynch automate rent payments in an industry still heavily reliant on paper checks with credit cards, check scanning, ACH, and electronic check acceptance.