Global Cash Access has signed Foxwoods Resort Casino and 14 other properties for cash access services including “QuikCash Plus Web” and the “Automated Cashier Machine.” Foxwoods is the largest casino in the world with more than 320,000 square feet of gaming space in a complex that covers 4.7 million square feet. The Automated Cashier Machine, or ACM, is a “smart ATM” that uses facial biometrics recognition technology which offer customers a quick way to access cash access services and other entertainment needs in a single stop – without human assistance.
Triton has selected “ScanSoft RealSpeak” to voice-enable ATMs nationwide. RealSpeak easily guides a visually impaired user through a transaction, which includes instructions to assist with account balance, cash withdrawal, results of the transaction, errors that may have occurred and other pertinent information. ScanSoft’s RealSpeak is the market-leading product for converting text into human-sounding synthesized speech, and the technology is used for a wide range of applications.
Razvojna banka Banja Luka has become Euronet’s tenth bank customer for EFT outsourcing services. The deal came through EuroPlanet, Euronet’s joint venture in Serbia with Komercijalna banka, and Arius. EuroPlanet has contracts in place with seven banks in Serbia and Montenegro and three in Bosnia Hercegovina. As of July, 50 ATMs, 76,000 debit cards and 312 POS terminals are being operated from EuroPlanet’s processing center in Belgrade. EuroPlanet estimates that it now services approximately 40% of all ATMs in the Serbian market and approximately 30% of all cards in the Serbia and Montenegro market.
Advanta reported that its “MasterCard Businesscard” portfolio hit $2,807,945,000 in the second quarter, compared to $2,744,182,000 in the first quarter, and $2,188,046,000 one year ago, a 28% gain. Card volume for the second quarter increased more than 28% over 2Q/02, to $1,677,804,000. Business Card results for the second quarter included an approximate 100 bps decline in net principal charge-offs on managed receivables to 8.0%, on an annualized basis, as compared to 9.0% for 2Q/02. Over 30 day delinquencies on managed receivables declined 31 bps to 6.28%, and over 90 day delinquencies on managed receivables decreased 17 bps to 3.19%, as compared to second quarter 2002. For complete details on Advanta’s 2Q/03 performance visit CardData ([www.carddata.com]).
Certegy reported second quarter revenue of $247.4 million and net income of $23.0 million, a decline of 3.1% and 0.1% respectively. Card Services generated revenue of $160.3 million in the second quarter, a decline of 7.1% over the 2002 quarter, due largely to declines in South America. Card Issuer Services 2Q/03 revenues declined 1.6% to $114.3 million. Check Services generated revenue of $87.1 million in the second quarter, an increase of 5.1% over 2Q/02. Merchant Processing Services produced revenue of $43.7 million, a 19.4% decline over the same year-ago quarter. Software and Support posted 2Q/03 revenues of $247,392, a 3.1% decline over 2Q/02. Certegy’s global card base totaled 45.1 million at quarter-end, with 23.0 million domestic cards, and 22.1 million international cards. Domestic card issuing transaction volumes increased by 9.8% over the prior-year quarter, driven primarily by 18.2% growth in debit card transactions. For complete details on Certegy’s 2Q/03 results visit CardData ([www.carddata.com]).
MA-based Netegrity reported second quarter revenues of $18.9 million, a 13% increase over first quarter revenues. License revenues for the second quarter of 2003 were $10.7 million, a 27% increase over license revenues of $8.4 million in the first quarter. Netegrity had $94.2 million in cash and marketable securities, as of June 30, 2003. The Company expects growth in license revenue for Q3 versus Q2 of approximately 3 percent, which would equate to total revenue growth by 3 percent as well.
Netherlands-based ABN AMRO has joined Virginia-based NACHA – The Electronic Payments Association. NACHA now has 37 members consisting of 21 payments associations and 16 financial institutions. The other financial institution members of NACHA are American Express Centurion Bank, Bank of America, Bank One, BB&T Corporation, Capital One, Citibank, Commerce Bank, Discover Bank, FleetBoston Financial, J.P. Morgan Chase, Mellon, National City, U.S. Bank, Wachovia, and Wells Fargo. ABN AMRO is an international bank with total assets in excess of EUR 600 billion.
National Processing has signed a multi-year credit and debit card processing agreement with Sheetz and its 290 locations in five states. Sheetz, founded in 1952, has become one of the industry’s leading quick service retailers. Every store features a touch screen ordering system, this technology combined with upgraded back office software and fast checkout scanning systems allows Sheetz to service their customers better and faster than the competition.
STMicroelectronics reported that net revenues for the second quarter were $1.7 billion, a 5.2% sequential increase over first quarter and
11.2% above last year’s second quarter. Gross profit was $607.3 million, a 7.2% sequential increase from the prior quarter, and 5.5% above the
2002 second quarter. Revenues for memory products declined 12.9% to $286.7 million however Consumer and Microcontroller revenues increased 8.3% to $312.5 million. On May 22nd, STM announced the acquisition of the assets and business of Incard SpA, a smart card maker that specializes in the telecom market.
MBNA reported net income for the second quarter of $543.3 million, an increase of 20% compared to the second quarter of 2002. Managed loans were up 11% and charge volume was up 15%. Total managed loans at the end of 2Q/03 were $110.5 billion and charge volume was $45.4 billion. Managed charge-offs were 5.35%, compared to 5.47% in the previous quarter, and 5.09% one year ago. Delinquency on managed loans were 4.46%, compared to 4.74% in 1Q/03, and 4.80% in 2Q/02. During the quarter MBNA added 3.0 million new accounts, compared to 2.3 million in the first quarter. The issuer signed 125 new affinity card deals during the quarter. The issuer also renewed 318 affinity group contracts during 2Q/03. For complete details on MBNA’s second quarter results visit CardData ([www.carddata.com]).
OR-based Corillian posted net income of $1.8 million in the second quarter on revenues of $11.5 million. Cash and investment balances at the end of the second quarter were $24.5 million, compared to $21.4 million at the end of the first quarter of 2003. Corillian anticipates third quarter 2003 revenues will be in the range of $10 to $11 million and reaffirms that revenues for 2003 will be in the range of $43 to $45 million.
Ontario-based RDM and Xign announced that Texas-based Pantellos has been selected by Cinergy and FirstEnergy to implement the “Pantellos eSettlement Network,” to automate their procure-to-pay processes. Based on the “ePayables” solution from Xign, the “Pantellos eSettlement Network” is an electronic invoice and payment service that helps utilities automate their financial settlement processes. The “Pantellos eSettlement Network” also supports the “MasterCard e-P3” electronic payment and information management service, which helps utilities broaden their use of “MasterCard Corporate Purchasing Card” programs to settle large-value transactions for direct materials and services. Pantellos was founded in June 2000 by some of North America’s largest utilities.