MoneyGram International has added Friendly Check and RiteCheck financial service center agents to its agent network. With this, Friendly Check-which began offering MoneyGram services on May 16- and RiteCheck- which began offing MoneyGram service on April 26- can now provide international money transfer and bill payment services under the MoneyGram brand. Friendly Check added 45 customer-centric locations across North Carolina and Virginia that offer MoneyGram Express Payment and Utility Bill Payment products in addition to money transfers while RiteCheck added 12 high-volume locations in Harlem and the Bronx to MoneyGram’s network and will provide MoneyGram Express Payment and money transfer services.
Cardtronics non-bank owner of ATMs posted its 4Q/10 consolidated revenues of $134.7 million. This figure is up by 8% from the year ago period figure of $124.8 million thanks to a 12% revenue growth in core business operations, but was down about $2 million from the prior quarter. Additional highlight indicate gross margins were up 32.4% from 31.4% from 4Q/09; adjusted EBITDA was $32.8 million, up approximately 19%; GAAP Net Income of $8.0 million, up from $1.5 million; total withdrawal transactions from its ATMs increased by over 6%; total transactions increased by over 10%; and total transactions per ATM increased by over 8%. For all of 2010, Cardtronics revenues totaled $532.1 million for the year ended December 31, 2010, an 8% increase over the $493.4 million posted in 2009. This was also thanks to core business growth, which was driven by increases in transactions per machine, increased revenues from managed services agreements, year-over-year surcharge rate increases implemented in the United States, and unit growth in the Company’s United Kingdom and Mexico operating segments. Additional revenue was also generated through Cardtronics’ bank branding agreement with PNC Bank to place 135 ATMs in CVS/pharmacy stores across Indiana; signing multi-year agreements with a leading supermarket chain in the Northeast to provide a full suite of ATM management services; agreements with Univision Prepaid Card to provide prepaid cardholders with unlimited free access to ATMs in the Company’s Allpoint Network, and many more national and international developments. For complete details on Cardtronics fiscals, visit CardData.com (www.carddata.com).
Allpoint Network of Cardtronics surcharge-free ATM network inked
multi-year agreement with NC-based BB&T to provide surcharge-free ATM
access in Florida and Texas. With this, BB&T’s Texas and Florida debit
cardholders can access Allpoint’s 40,000 ATMs worldwide. The
surcharge-free ATMs located at a variety of nationally-known retailers
in Florida and Texas are branded with the Allpoint logo. Allpoint
surcharge-free ATM network has over 40,000 ATMs in leading national and
regional merchant locations across the United States, United Kingdom,
and Australia for greater access, convenience, and savings to customers
of financial institutions.
Fiserv posted its 2Q/10 revenues, up 2% since the year ago period to $970 million. This was thanks to a 3% growth in the Payments segment and 1% growth in the Financial segment. The Company’s operating margin increased 70 basis points in the quarter to 29.6%. During the quarter, Fiserv launched its “ZashPay” person-to-person payments service, for which more than 160 financial institutions agreed to offer customers, and signed 157 electronic bill payment clients and 58 debit clients. Additionally, The Westpac Group chose Fiserv’s “Corillian Online” and “Voyager” banking solutions to serve its retail banking, small and medium-sized businesses and corporate online customers. For complete details on Fiserv’s third quarter performance visit CardData (www.carddata.com).
4Q/08: $984 million
1Q/09: $968 million
2Q/09: $951 million
3Q/09: $992 million
4Q/09: $1.01 billion
1Q/10: $954 million
2Q/10: $970 million
Source: CardData (www.carddata.com)
NC-based FNB United, parent of CommunityONE Bank has sold its credit card portfolio, along with multiple portfolios acquired from former Integrity and United subsidiaries, to ÃÂlan Financial Services. As a result of the sale, FNB United Corp will recognize a $1.3 million non-recurring gain which will be reported with its third quarter results. Of that amount, $1.0 million will be from the sale of the portfolio and $300,000 resulting from the recapture of the allowance for loan loss reserve associated with the $4.0 million sold portfolio. Concurrently, a $250,000 expense has been recognized to cover the buyout of two of the unexpired contracts with VISA.
Jack Henry & Associates, has named director of software development Vernon E. “Pete” Hopkins, Jr. to GM of Internet solutions and Ron Moses will move into the director’s role. Hopkins will join the company’s senior management team that currently encompasses 13 functionally aligned general managers. He will provide executive oversight of the development, quality assurance, support, installation, operations, communications, and education departments that support the company’s Internet banking channels. Moses has extensive industry and software development experience, including more than 18 years with Jack Henry & Associates. He most recently served as development manager for the company’s “Core Director” core banking platform. Jack Henry & Associates is a leading provider of integrated computer systems and processor of ATM/debit card/ACH transactions for banks and credit unions.
The Texas Attorney General has charged CVS with violating the “2005 Identity Theft Enforcement and Protection Act,” and with violating “Chapter 35” of the “Business and Commerce Code,” which requires businesses to develop retention and disposal procedures for their clients’ personal information. Investigators with the Office of the Attorney General (OAG) discovered that a CVS store near Houston exposed hundreds of its customers to identity theft by failing to properly dispose of records that contained sensitive information. The investigation was launched after reports indicated that bulk customer records were tossed in a dumpster behind the store. The documents obtained by OAG investigators also contained hundreds of active debit and credit card numbers, complete with expiration dates. Under the law, the OAG has the authority to seek penalties of up to $50,000 per violation. AG investigators are also working to determine if any exposed data has been used illegally.
Ingenico and Gilbarco Veeder-Root have joined to develop and deliver comprehensive integrated indoor and outdoor payment technologies that automate petroleum retail sites. Combined, the two firms represent the largest installed global base of indoor and outdoor payment terminals in fuel sites. North Carolina-based Gilbarco Veeder-Root has approximately 30,000 integrated POS systems and 250,000 forecourt card payment devices in operation today.
SC-based Fast Phil’s has deployed the Pay By Touch biometric payment system. As an introductory offer, customers who enroll in the new finger scan service will receive a large coffee or fountain drink and a Nestle candy bar, plus they will receive a 2 cent discount on each gallon of gas purchased. Last month, North Carolina-based Harris Teeter, the 40th largest supermarket in the USA, installed Pay By Touch’s biometric payment service. Albertson’s has also expanded its deployment of the biometric payment systems in its Jewel-Osco stores throughout the Midwest in March. (CF Library 3/22/06; 4/6/06)
North Carolina-based Harris Teeter, the 40th largest supermarket in the USA, is deploying Pay By Touch’s biometric payment service.Shoppers can use Pay By Touch after a quick one-time sign-up at a special kiosk located in Harris Teeter stores, or online at www.paybytouch.com. Signing up is simple and consists of providing identification, a voided check, a VIC card, and a finger scan. No one sees the account number, or the payment method used to make purchases, and no one can access an account without a finger scan and a seven-digit number, usually a phone number.
UT-based Q Comm International reported that revenue for the fourth quarter increased 89% to $11.8 million, compared to $6.2 million in the fourth quarter of the prior year. Net loss for the quarter was $2.6 million, an improvement from a net loss of $3.4 million in 4Q/04. During the fourth quarter Q Comm cleaned up its terminal base deactivating about 740 terminals due to unfavorable credit risks and unproductive transaction levels, as well as two broker deactivations. At the end of the year Q Comm had 3,800 terminals. The Company noted that it has activated at least 1,000 net new units during the first quarter of this year. For the first quarter, Q Comm expects revenue of approximately $13.0 to $14.0 million. For complete details on Q Comm’s latest performance, visit CardData ([www.carddata.com]).
North Carolina-based Worsley Operating Corporation, which operates 138 convenience stores throughout North and South Carolina, has selected Transaction Network Services’ “FusionPoint” for credit card and debit card authorizations, ATM authorizations, fuel tank monitoring systems and back office operations. TNS will provide Worsley with a fully managed network in addition to 24/7 customer service and support. Worsley operates 138 stores throughout North and South Carolina.