WaMu Switches to FDC for Offline Debit

Washington Mutual has selected First Data to provide authorization and settlement processing for its 9.4 million signature debit card portfolio. The deal extends the previously announced relationship between WaMu and First Data’s “STAR Network.” “STAR” currently serves as the preferred brand and network for PIN-secured, online debit point-of-sale, and ATM processing. Earlier this week, WaMu announced it is planning to switch its payment card programs to MasterCard.

Global Payments Acquires Europhil

Global Payments has acquired a group of European electronic money transfer firms that operate collectively under the name Europhil. Based in Madrid, the group operates 26 retail branches in Spain, Belgium and the United Kingdom. Europhil’s settlement network includes approximately 1,000 locations in over 20 countries. More than 80% of its money transfers are sent to Latin American countries, including Ecuador, Columbia, Bolivia and Brazil. For calendar year 2004, Europhil anticipates approximately $12 million in revenue. Europhil was one of the first money transfer firms established in Spain.

Sovereign Bank Extends First Data Contract

First Data has signed a five-year renewal agreement to provide electronic payment processing products and services for Sovereign Bank’s merchant customers in the New England and Mid-Atlantic markets. First Data provides merchant payment processing services on behalf of Sovereign Bank in Connecticut, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island. In the past year, Sovereign Merchant Services had more than 27,185 merchant outlets, 73 million merchant transactions and $5.3 billion in merchant sales. Sovereign Bancorp, Inc., is the parent company of Sovereign Bank, pro forma, a $60 billion financial institution. First Data Corp. with global headquarters in Denver, helps power the global economy.

iPayment Buys 25,000 Merchants for $130MM

iPayment and First Data have completed the acquisition of a portfolio of merchant contracts from First Data’s Merchant Services subsidiary for a sale price of $130 million in cash. The portfolio has approximately 25,000 small merchant locations representing approximately $9 billion to $10 billion in annual charge volume. The acquisition will become effective on December 31st. iPayment has expanded its revolving credit facility from $80 million to $180 million from Bank of America and JPMorgan Chase Bank to finance the purchase. iPayment is a provider of credit and debit card-based payment processing services to over 100,000 small merchants.

Global Payments Acquires Europhil

Global Payments has acquired a group of European
electronic money transfer firms that operate collectively under the name Europhil. Based in Madrid, the group operates 26 retail branches
in Spain, Belgium and the United Kingdom. Europhil’s settlement
network includes approximately 1,000 locations in over 20 countries. More than 80% of its money transfers are sent to Latin American countries, including Ecuador, Columbia, Bolivia and Brazil. For calendar year 2004, Europhil anticipates approximately $12 million in revenue.
Europhil was one of the first money transfer firms established in Spain.

Chevy Chase Renews its STAR Contract

Chevy Chase Bank, with 850 ATM locations and 650,000 debit cards, has renewed its relationship with First Data’s “STAR Network” for PIN debit services. First Data Corp., with global headquarters in Denver, helps power the global economy. As a leader in electronic commerce and payment services, First Data serves approximately 3.5 million merchant locations, 1,400 card issuers and millions of consumers, making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. Chevy Chase Bank is the largest locally owned financial institution in the greater Washington, DC market with $13 billion in assets and over $9 billion in deposits.

Hypercom Lowers Full Year Income Forecast

Hypercom confirmed its previous guidance for full year 2004 revenues of $254-260 million but reduced its expectation of full year income from continuing operations from $21.0-22.4 million to $13.4-16.5 million. Hypercom is a leading global provider of electronic payment solutions that add value at point-of-sale transactions for consumers, merchants, and acquirers, and yield increased profitability for its customers. Widely recognized as the payment technology innovator, Hypercom delivers comprehensive card payment terminal, network and server solutions that help merchants and financial institutions generate revenues and increased profits.

Diebold’s Opteva ATM Lands a French Deployment

Carrefour Group, the largest retailer in Europe, has ordered Diebold’s “Opteva” ATMs for placement in its Champion supermarkets. About 70 supermarkets will add “Opteva” lobby cash dispensers to their in-store ATM fleet. Champion plans to replace older ATMs with the new Diebold “Optevas.” The “Opteva” family of ATMs, which now includes seven units, was launched in Europe in 2003 in Paris. To date, more than 20,000 “Opteva” ATMs have been purchased. Carrefour Group has more than 1,000 Champion supermarkets in worldwide.

JCPenney Deploys NCR RealPOS System

JCPenney is installing NCR POS systems, including the “RealPOS 80” terminals and “RealPOS 7167” thermal receipt printers, in all of its 1,000-plus department stores throughout the USA. In addition, NCR’s advanced POS systems are among the industry’s first to be built around an industry design specification known as EmbeddedATX. JCPenney is one of America’s largest department store, catalog and e-commerce retailers, employing approximately 150,000 associates. CR Corporation is a leading global technology company helping businesses build stronger relationships with their customers.

Champion Supermarkets to Install Optevas

Carrefour Group, the largest retailer in Europe, has ordered Diebold’s “Opteva” ATMs for placement in its Champion supermarkets.
About 70 supermarkets will add “Opteva” lobby cash dispensers to their in-store ATM fleet. Champion plans to replace older ATMs with the new Diebold “Optevas.” The “Opteva” family of ATMs, which now includes seven units, was launched in Europe in 2003 in Paris. To date, more than 20,000 “Opteva” ATMs have been purchased. Carrefour Group has more than
1,000 Champion supermarkets in worldwide.