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Target 3Q/10 Card Segment Profit Up Over 100% Y/Y

5, Country, Priority, UNITED STATESBy Robert McKinley 11/18/2010

Target reported that pre-tax profit for its credit card segment was up more than 100% for 3Q/10 to $130 million from $60 million a year ago thanks to bad debt expense falling 64% from $301 million from last year to $110 million this year. Receivables meanwhile decreased 16.3% to $6.9 billion in 2010 from $8.2 billion in 2009. Average receivables directly funded by Target increased to $2.8 billion for the quarter from year ago figure of $2.7 billion. Annualized segment pre-tax return on invested capital was 18.5 percent in the third quarter 2010, compared with 9.0 percent a year ago. Overall, target posted net earnings of $535 million for the quarter ended October 30, 2010, compared with $436 million in the quarter ended October 31, 2009 while earnings per share increased 28.5% to 74 cents from 58 cents in the same period a year ago. For complete details on Target’s latest performance, visit CardData (www.carddata.com).

TARGET CARD LOAN HISTORICAL
3Q/08: $8.7 billion
4Q/08: $8.8 billion
1Q/09: $8.5 billion
2Q/09: $8.3 billion
3Q/09: $8.2 billion
4Q/09: $8.1 billion
1Q/10: $7.5 billion
2Q/10: $7.2 billion
3Q/10: $6.9 billion
Source: CardData (www.carddata.com)

Cardtronics Posts 3Q/10 Revenue Up 6% Y/Y

5, Country, Priority, UNITED STATESBy Robert McKinley 11/08/2010

Cardtronics non-bank owner of ATM has posted 3Q/10 revenues of $136.6 million . The 3Q/10 revenue reflected a 6% increase from the year ago period revenue of $128.6 million and is up from the $132.9 million last quarter. Meanwhile, adjusted EBITDA was $34.9 million, up 8% from the year ago period; GAAP net income was $17.4 million, compared to the year ago figure of $6.4 million; and the Company’s managed services business added 882 ATMs. This is thanks in large part to total transactions having increased over 8%; total transactions per ATM having increased by 7%; and ATM operating gross profit per ATM having increased 7%. These results were subsequent to such developments as a new bank branding agreement with Scotiabank, to which Cardtronics will provide over 200 surcharge-free ATM access throughout Puerto Rico; having extended its Allpoint Network by more than 5,000 locations, to over 40,000 ATMs, into Australia through a partnership with Customers Limited; and having completed a series of financing transactions with the execution of a new $175.0 million bank credit facility and the redemption of $200.0 million, 9.25% senior subordinated notes.

CARDTRONICS REVENUE
2Q/08: $127.0 million
3Q/08: $127.2 million
4Q/08: $118.2 million
1Q/09: $115.3 million
2Q/09: $124.6 million
3Q/09: $128.6 million
4Q/09: $124.8 million
1Q/10: $127.8 million
2Q/10: $132.9 million
3Q/10: $136.6 million
Source: CardData
(www.carddata.com)

Cardtronics 2Q/10 Revenue Up 7% Y/Y

5, Country, Priority, UNITED STATESBy Robert McKinley 08/06/2010

Cardtronics non-bank owner of ATM has posted 2Q/10 revenues of $132.9 million. The 2Q/10 revenue reflected a 7% increase from the year ago period revenue of $124.6 million and is up from the $127.8 million last quarter. Gross margins meanwhile were 32.5%, up from 30.1% in 2Q/09; adjusted EBITDA was $33.9 million, up approximately 22% from the year ago period of $27.9 million; and GAAP net income was $8.2 million compared to $2.5 million in 2Q/09. Additional findings show on a year-over-year basis, total transactions increased by 9%; total cash withdrawal transactions increased by 6%; total transactions per ATM increased by 6%; and ATM operating gross profit per ATM increased by 12%.

Target Corporation Announces First Quarter Earnings

5, Country, Priority, UNITED STATESBy Robert McKinley 05/20/2010

Target reported its 1Q/10 credit card segment profit increased 188% to $111 million from $39 million a year ago. With this, bad debt expense declined 3% from $296 million in 1Q/09 to $197 million. Card segement average receivables decreased 13.2% to $7.5 billion in 2010 from $8.7 billion in 2009 while average receivables directly funded by Target declined 26% to $2.4 billion from $3.2 billion in 2009. Target’s overall net earnings were $671 million for the quarter ended May 1, 2010, compared with $522 million in the quarter ended May 2, 2009. Retail sales increased 5.5% to $15.2 billion in 2010 from $14.4 billion in 2009, due to a 2.8 percent increase in comparable-store sales and the contribution from new stores. Retail segment earnings before interest expense and income taxes (EBIT) were $1,108 million in the first quarter of 2010, an increase of 15.2 percent from $962 million in 2009.

TARGET CARD LOAN HISTORICAL
3Q/08: $8.7 billion
4Q/08: $8.8 billion
1Q/09: $8.5 billion
2Q/09: $8.3 billion
3Q/09: $8.0 billion
4Q/09: $7.8 billion
1Q/10: $7.5 billion
Source: CardData (www.carddata.com)

Cardtronics Posts Posts 1Q/10 Revenue up 11% Y/Y

5, Country, Priority, UNITED STATESBy Robert McKinley 04/30/2010

Cardtronics non-bank owner of ATM has posted 1Q/10 revenues of $127.8 million. The 1Q/10 revenue reflected an 11% increase from the $115.3 million in
revenues generated the year ago period and is up from the 124.8 million seen last quarter. On A year-over-year basis, gross margins were up from 27% to 31%;
adjusted EBITDA was up 30% from $22.5 million to $29.3 million; and GAAP Net Income was up to $4.0 million from a $5.1 million GAAP Net Loss. Additional
findings show total cash withdrawal transactions increased by 6%; cash withdrawal transactions per ATM increased by 4%; total transactions per ATM increased
by 7%; and ATM operating gross profit per ATM increased by 25%. Increased revenues reflecting a 13% growth thanks to growth in core business operations,
including higher-margin domestic large-account ATM placement and international businesses.

CARDTRONICS REVENUE
($ millions)
1Q/08: 120.6
2Q/08: 127.0
3Q/08: 127.2
4Q/08: 118.2
1Q/09: 115.3
2Q/09: 124.6
3Q/09: 128.6
4Q/09: 124.8
1Q/10: 127.8
Source: CardData (www.carddata.com)

Cardtronic Reports 6% Y/Y 4Q/09 Revenue Increase

5, Country, Priority, UNITED STATESBy Robert McKinley 02/11/2010

Cardtronics non-bank owner of ATM has released its financial and operational results for the fourth quarter and year ended December 31, 2009, posting revenues of $124.8 million and $493.4 million, respectively. The 4Q/09 revenue reflected a 6% increase from the $118.2 million in revenues generated the year ago period; Gross margins of 31%, up from 24% in 4Q/09; adjusted EBITDA of $27.6 million, up more than 44% from the $19.1 million in 4Q/08; total cash withdrawal transactions and cash withdrawal transactions per ATM per month increased by 8%; total transactions per ATM per month increased by 10%; and ATM operating gross profit per ATM per month increased by 43%. The $493.4 million for the year ended December 31, 2009 is very comparable to the $493.0 million in revenues recorded during the year ended December 31, 2008 while year-over-year revenues increased by 4%. Approximately $18.1 million in revenues shifted from surcharge revenue and equipment sales in 2008 thanks in large part to the mix shift from the Company’s merchant-owned account base to its core business operations.

CARDTRONICS REVENUE
($ millions)
4Q/07: 116.0
1Q/08: 120.6
2Q/08: 127.0
3Q/08: 127.2
4Q/08: 118.2
1Q/09: 115.3
2Q/09: 124.6
3Q/09: 128.6
4Q/09: 124.8
Source: CardData (www.carddata.com)

Cardtronics’ Margins Continue to Increase in Q3

5, Country, Priority, UNITED STATESBy Robert McKinley 10/29/2009

Cardtronics reports that revenues edged up 1% to $128.6 million with foreign currency exchange rates shaving off four percentage points.
However, revenue growth was above 8% on a constant-currency basis, reflecting the Company’s higher-margin domestic large-account ATM placement, branding and international businesses. Gross margins of nearly 32%, were up considerably from 24% in 3Q/08. During the third quarter, Cardtronics continued transitioning its ATM portfolio over to its in-house EFT transaction processing platform. At the end of the quarter substantially all of the Company’s ATMs were being processed
in-house, with the exception of roughly 3,500 ATMs that are under contract with a third-party processing organization. The remaining ATMs are scheduled to be converted over to the Company’s in-house EFT transaction processing platform by the second quarter of 2010. The Company recently announced entrance into the Puerto Rican ATM market.
The Company updated its guidance to revenues of $485 million to $490 million for full-year 2009 and revenues of $515 million to $525 million for full-year 2010. For complete details on Cardtronic’s latest performance visit CardData (www.carddata.com)

CARDTRONICS REVENUE
($ millions)
3Q/07: 110.6
4Q/07: 116.0
1Q/08: 120.6
2Q/08: 127.0
3Q/08: 127.2
4Q/08: 118.2
1Q/09: 115.3
2Q/09: 124.6
3Q/09: 128.6
Source: CardData (www.carddata.com)

Cardtronics Profit Rises Despite Flat Revenues

5, Country, Priority, UNITED STATESBy Robert McKinley 08/05/2009

Cardtronics reported a 2% decline in second quarter revenues of $124.6 million,
but discounting foreign currency exchange, revenues rose 3%
year-on-year. The growth was driven by higher-margin domestic
large-account ATM placement, branding and international businesses.
Second quarter adjusted net income of $6.7 million, compares to $2.9
million in 2Q/08. Compared to the year ago quarter the average number of
transacting ATMs increased by 1%; cash withdrawal transactions per ATM
per month increased by 5%; and ATM operating margins increased from 24%
of revenues to 31% of revenues. During the quarter, Cardtronics signed a
deal with a major bank branding partner to add 1,300 U.S. retail
locations; signed an agreement with a major direct bank to provide
surcharge-free ATM access to their two million cardholders via
Cardtronics’ Allpoint network; and settled outstanding litigation to
terminate the underlying ATM operating agreement with an existing
merchant involving approximately 270 ATMs. As of June 30th, the
Company’s average number of transacting ATMs was 29,313 in the U.S.,
2,572 in the U.K. and 2,177 in Mexico. For complete details on
Cardtronics’ second quarter performance visit CardData (www.carddata.com).

PayPal’s Total Volume Rise 28% in 3Q/08

5, Country, Priority, UNITED STATESBy Robert McKinley 10/17/2008

eBay reported that PayPal posted $597 million in net revenue for the
third quarter, an increase of 27% year-over-year, but flat sequentially.
Net total payment volume for the quarter was $14.8 billion, an increase
of 28% year-over-year. Global active registered accounts increased to
65.3 million, representing 19% year-over-year growth. During the third
quarter, PayPal handled 214.5 million payments, a 2% increase over the
prior quarter, and up 28% from 3Q/07. PayPal’s 3Q/08 transaction revenue
rate remained at 3.89% from the prior quarter and 3.87% in the year ago
quarter. The processing expense rate for the third quarter was 1.20%,
compared to 1.23% from the prior quarter and 1.21% for 3Q/07. PayPal’s
transaction loss rate inched up two basis points to 0.29%. For complete
details on eBay/PayPal’s third quarter performance, visit CardData
([www.carddata.com](http://www.carddata.com)).

PAYPAL HISTORICAL
$VOLUME #ACCOUNTS
3Q/07: $11.6 billion 54.8 million
4Q/07: $14.0 billion 57.3 million
1Q/08: $14.4 billion 60.2 million
2Q/08: $14.9 billion 62.6 million
3Q/08: $14.8 billion 65.3 million
SOURCE: CardData (www.carddata.com)

PayPal’s Q2 Payment Transactions Plateau

5, Country, Priority, UNITED STATESBy Robert McKinley 07/17/2008

eBay reported that PayPal posted $602 million in net revenue, an
increase of 33% year-over-year. Net total payment volume for the quarter
was nearly $15 billion, an increase of 35% year-over-year. Global active
registered accounts increased to 62.6 million, representing 19%
year-over-year growth. At the end of the quarter PayPal had 62.6 million
active accounts, a 17% increase from one-year ago. During the second
quarter, PayPal handled 211.0 million payments, a slight 2% decrease
over the prior quarter, and up 26% from 2Q/07. PayPal’s 2Q/08
transaction revenue rate increased to 3.90% from 3.87% in the prior
quarter and 3.89% in the prior year quarter. The processing expense rate
for the second quarter was 1.18%, compared to 1.21% from the prior
quarter. PayPal’s transaction loss rate came in at 31 basis points, up 4
basis points from 1Q/08. During the second quarter PayPal signed
merchant services deals with Delta Airlines, Blockbuster.com, UK-based
Arcadia Group and William Hill. For complete details on eBay/PayPal’s
second quarter performance, visit CardData [www.carddata.com](http://www.carddata.com).

PAYPAL HISTORICAL
$VOLUME #ACCOUNTS
2Q/07: $11.1 billion 52.8 million
3Q/07: $11.6 billion 54.8 million
4Q/07: $14.0 billion 57.3 million
1Q/08: $14.4 billion 60.2 million
2Q/08: $14.9 billion 62.6 million

SOURCE: CardData ([www.carddata.com][1])

[1]: http://www.carddata.com

PayPay’s Q1 Revenue and Volume Jump 30%+

5, Country, Priority, UNITED STATESBy Robert McKinley 04/17/2008

eBay reported that PayPal posted $582 million in first quarter revenue, an increase of 32% year-over-year. Net total payment volume for the quarter was $14.4 billion, an increase of 34% over 1Q/07. At the end of the quarter PayPal had 60.2 million active accounts, a 17% increase from one-year ago. During the first quarter, PayPal handled 211.0 million payments, a 3% increase over the prior quarter, and up 23% from 1Q/07. PayPal’s 1Q/08 transaction revenue rate increased to 3.88% from 3.84% in the prior quarter. The processing expense rate for the first quarter was flat at 1.18% from the prior quarter, but up from 1.15% in the year ago quarter. PayPal’s transaction loss rate came in at 24 basis points, down 6 basis points from one-year ago. During the first quarter PayPal signed Merchant Service account deals with JetBlue Airlines, Ferrari Store (Italy), CompUSA and Office Depot (U.K.), among others; completed the acquisition of Fraud Sciences to accelerate the development of its fraud detection tools; and expanded its seller protection plan for eBay Power Sellers. For complete details on eBay/PayPal’s first quarter performance, visit CardData ([www.carddata.com][1]).

PAYPAL HISTORICAL
$VOLUME #ACCOUNTS
1Q/07: $10.8 billion 51.3 million
2Q/07: $11.1 billion 52.8 million
3Q/07: $11.6 billion 54.8 million
4Q/07: $14.0 billion 57.3 million
1Q/08: $14.4 billion 60.2 million
SOURCE: CardData (www.carddata.com)

[1]: http://www.carddata.com

WESTERN UNION 4Q/07

5, Country, Priority, UNITED KINGDOMBy Robert McKinley 01/31/2008

Western Union reported that revenue for the fourth quarter was $1.3 billion, up 12%, or 10% excluding the December 6th acquisition of Pago Facil. Total consumer-to-consumer revenue in the quarter grew 12% to $1.1 billion on transaction growth of 14%. A significant portion of the growth was attributable to the continued strong performance within the
international consumer-to-consumer business, which increased revenue 17%
while growing transactions 19%. The international-to-international
subset, those transactions that originate outside of the U.S., grew
faster still, posting 25% revenue growth and 28% transaction growth.
This international-to-international subset contributed 54% of Western
Union’s fourth quarter total revenue. In January, the company signed an
agreement with Penn Traffic. Additional notable new relationships
include an agreement to offer money transfer services at over 300 China
Everbright Bank branches in more than 30 cities in China, and a new
relationship with the Bangladesh Post. For complete details on Western
Union’s current and past performance, visit CardData (www.carddata.com)

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