EVERTEC reported consolidated results for the quarter ended March 31, 2012. “We are pleased to report continued strong consolidated Adjusted EBITDA growth and revenue increases across our business lines,” said Peter Harrington, EVERTEC’s President and Chief Executive Officer. “Our first quarter 2012 results demonstrate both the increased penetration of our products and services within new…
EVERTEC reported consolidated results for the fourth quarter and the year ended December 31, 2011. Fourth Quarter Highlights Total revenues were $85.6 million, up 4% as compared to the fourth quarter of 2010. Operating costs and expenses, excluding depreciation and amortization and non-recurring expenses, decreased 2%, as compared to the fourth quarter of 2010. Adjusted…
TNS total 4Q/10 revenue for was down 1.7% to $135.1 million from the year ago figure of $137.5 million. Adjusted earnings decreased 21.1% to $14.5 million, compared to adjusted earnings of $18.4 million in 4Q/09. Revenues from the Telecommunication Services Division decreased 3.0% to $66.3 million from 4Q/09 revenue of $68.4 million, thanks in part to acquisition of Cequint having contributed revenues of $2.3 million. However, revenue from the identity and verification services decreased 9.5%, or $2.9 million; revenue from network services decreased 3.2%, or $0.9 million; and revenue from registry services decreased 10.5%, or $0.8 million, due to a decrease of $1.1 million in TNS’ service order administration business which was partially offset by an increase of $0.3 million from IP registry services. TNS acquired Cequint on October 1, 2010 and has included their results in the Telecommunication Services Division from the dates of acquisition.
MoneyGram International global payment services has reported 2Q/10 money transfer transaction volume up 7% while money transfer fee and other revenue were up 2% year over year. This is thanks in part to global agent locations having increased 13% over the prior year to 203,000. Total revenue declined 3% to $283.6 million, compared with $291.2 million in the same period last year. Total fee and other revenue declined slightly to $277.6 million, from $278.5 million in the same period last year. Total revenue in 2010 reflects investment revenue and net securities gains that were $6.7 million less than second quarter 2009. Net income for the quarter was $6.8 million, impacted by $6.0 million of stock-based compensation, $1.9 million of restructuring and reorganization costs, $1.5 million of asset impairment charges, and a $3.5 million write off of deferred financing and debt discount related to the early debt paydown.
Meta Payment Systems recorded net income of $6.5 million for 1Q/10, compared to net income of $3.5 million for the same period last year. Absent the one-time charge for severance and other restructuring costs, net income was $6.9 million or $2.33 per share. Revenue from Meta Payment alone grew by 14.2% from $36.4 million in fiscal 2009 to $41.6 million in 2010. Non-interest income for the quarter increased from $33.0 million in fiscal 2009 to $37.1 million, or 12%, in 2010 among both prepaid and credit programs. Meta Financial Group posted a total net income of $5.2 million for its 1Q/10, $3.0 million over 1Q/09’s $1.2 million. The company also generated net income of $6.5 million compared to $3.5 million last year, while retail banking reported a net loss of $1.1 million compared to a loss of $1.9 million last year. Card Processing expense was 5% lower than the year ago period while the year-to-date 2010 non-interest expense increased by $3.5 million, or 7%, to $51.7 million. Card processing expenses increased 12% to $22.4 million, and personnel costs increased by 11% to $17.5 million.
ACTIVE MPS CARDS
Standard & Poor’s and Experian have partnered to launch a series of consumer credit default indices in the United States. The “S&P/Experian Consumer Credit Default Indices” will launch May 18 and seek to measure the balance-weighted proportion of consumer credit accounts that go into default for the first time each month. Unlike other publicly released metrics that recount previously defaulted loans or that measure delinquency rates only on securitized loans, the S&P/Experian Consumer Credit Default Indices are based on a broad cross-section of the entire U.S. consumer credit population. The S&P/Experian Consumer Credit Default Indices will consist of four headline indices as determined by loan type, and a composite index: S&P/Experian Auto Default Index, S&P/Experian First Mortgage Default Index, S&P/Experian Second Mortgage Default Index, S&P/Experian Bankcard Default Index, and S&P/Experian Consumer Credit Default Composite Index.
Online payment service provider PayPoint.net announced significant
growth in revenue, profits, transaction volumes and consumer spend during
2008-09. The business reported revenues of GBP8.0 million during the year
ending 29 March 2009, a 63% increase over the previous financial
year, while transaction volumes increased by 40% and online
spending increased by 36%. Highlights of the past year include the
launch of the PayPoint.net brand following the integration of SecPay and
Metacharge; 350 new merchants secured; the partnership with PayPal; the
launch of PayCash, a service enabling shoppers to pay in cash for the
goods they buy online and extensive upgrades to PayPoint.net’s fraud
management platform for gaming providers, enabling them to set
sophisticated fraud detection rules.
Identity risk management specialist Intersections reported revenue for the fourth quarter of $88.1 million, a 14% gain on 4Q/07/
However, the net loss for the quarter was $26.5 million, compared to net income of $3.3 million for the year ago quarter. Total subscribers decreased to approximately 4.7 million as of year-end 2008, compared to approximately 5.3 million subscribers as of December 31, 2007, as a result of the loss of Discover wholesale subscriber base in the third quarter of 2008. Subscription revenue, net of marketing and commissions associated with subscription revenue, was $43.1 million for the fourth quarter of 2008, compared to $41.1 million for the fourth quarter of 2007, and $49.2 million for the third quarter of 2008, an increase of 4.8% and a decrease of 12.4%, respectively. For complete details about Intersections’ latest results visit CardData ([www.carddata.com](http://www.carddata.com)).
4Q/07: $77.0 million
1Q/08: $85.9 million
2Q/08: $94.2 million
3Q/08: $93.4 million
4Q/08: $88.1 million
Source: CardData (www.carddata.com)
Electronic payment systems software provider ACI Worldwide reported revenue of $109.2 million in the second quarter, an 11% gain over the prior-year period. Net income for the quarter was $0.8 million compared to net loss of $2.7 million during 2Q/07. At the end of the second quarter, there was an estimated 60-month backlog of $1.4 billion compared to $1.3 billion one-year ago. During the quarter, several Latin American banking firms selected “BASE24-eps,” “BASE24-atm,” “ACI Monitoring and Management System,” “Golden Gate” and “ACI Web Access Services.” In the U.S. a large U.S. investment bank selected “ACI Enterprise Banker” on demand. Globally, eight new customers were signed, including new users of “ACI Enterprise Banker,” “BASE24-eps” and “Proactive Risk Manager.” Twenty existing customers licensed, new applications ranging from “ACI Retail Commerce Server” and “Proactive Risk Manager for Enterprise Services to Simulation Services for Enterprise Testing.” ACI now anticipates full year 2008 operating free cash flow of $45 million to $50 million versus $52.5 million for 2Q/07.
For complete details on ACI’s latest performance visit CardData (www.carddata.com).
Electronic payment systems software provider ACI Worldwide reported
revenue of $109.2 million in the second quarter, an 11% gain over the
prior-year period. Net income for the quarter was $0.8 million compared
to net loss of $2.7 million during 2Q/07. At the end of the second
quarter, there was an estimated 60-month backlog of $1.4 billion
compared to $1.3 billion one-year ago. During the quarter, several Latin
American banking firms selected “BASE24-eps,” “BASE24-atm,” “ACI
Monitoring and Management System,” “Golden Gate” and “ACI Web Access
Services.” In the U.S. a large U.S. investment bank selected “ACI
Enterprise Banker” on demand. Globally, eight new customers were signed,
including new users of “ACI Enterprise Banker,” “BASE24-eps” and
“Proactive Risk Manager.” Twenty existing customers licensed new
applications ranging from “ACI Retail Commerce Server” and “Proactive
Risk Manager for Enterprise Services to Simulation Services for
Enterprise Testing.” ACI now anticipates full year 2008 operating free
cash flow of $45 million to $50 million versus $52.5 million for 2Q/07.
For complete details on ACI’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com)).
2Q/07: $98.1 million
3Q/07: $84.7 million
4Q/07: $101.3 million
1Q/08: $92.6 million
2Q/08: $109.2 million
Source: CardData (www.carddata.com)
Payzone UK has signed agreements to provide nearly 500 Bestway Direct
a full range of prepayment services. The services include utility
bill payment, mobile top up and Bestway gift cards; “Bestway Cash and
Carry,” “Best-One” and “Best-in.” The projected number of Bestway stores
will host the terminals by July 2009 to generate up to 500,000 new
annual transactions for Payzone UK. Payzone processes over 630 million
transactions per year on behalf of its clients for a total value of over
EUR13 billion through its POS network of over 240,000 at more than
170,000 retail locations across 21 European countries.
According to PayPoint, the company’s terminal sites have increased by 756
since 1/2 2007 from to 23,380, 3,899 of which were deployed in Romania.
Reflective of contemporary market conditions, transactions processed by
PayPoint in 4Q07 were 171 million, up from 152 million in 4Q06, and the
company reported a 27% jump in revenue to GBP72 million. Furthermore,
at the close of 4Q07, the organization reflected a net cash income of GBP20
million, up GBP4 million since the close of 3Q07. The PayPoint payments
company processed over GBP6 billion and more than 470 million transactions
annually for its 5,000 client customers with nearly 19,400 terminals