PPRO Group, end-to-end solution provider for international electronic payment, announced that it is expanding its international reach and has added new members to its team to drive this process.Since the start of 2014, three experts with vast, hands-on experience have been heading up sales, strategy and marketing activities. Director International Sales, Frank Breuss (38) is responsible for customer acquisition and for customer and partner relationship management. As Chief Strategy Officer, Ralf Ohlhausen (52) will be driving global expansion and Elke Woessner (39) will be looking after corporate communications as Head of PR and
Computop PSP made available its Computop Paygate 6.0. This latest version of the company’s multichannel global payment platform offers new features and functionality that make it even easier and faster for merchants to conduct business both domestically and internationally, and is fully SEPA enabled in preparation for the pan-European payment harmonization initiative due to go live in February and August 2014. The release of Computop Paygate 6.0 extends yet further the choice of international and domestic alternative payment and processing methods available to support consumer preferences. Paygate 6.0 sees Computop significantly extend its local market presence in a number of key global territories.
Computop payment service provider and SafetyPay online-banking payment solution allowing consumers to shop and pay directly from their bank account announced their strategic global partnership. Computop will now offer the SafetyPay solution on its “Paygate” payment platform, thus expanding its comprehensive range of secure payment options. SafetyPay allows those with an online bank account to shop and pay using their own currency from businesses. Now “Paygate” merchant customers can offer SafetyPay for secure online payment options.
Computop, a leading payment service provider (PSP), announces the launch of the Computop Global PoS Network for international multichannel payments. This global payment network offers fraud prevention services, which combine data from both eCommerce and bricks and mortar businesses at PoS. Computop Global PoS Network works in any country and enables merchants to simply and…
With the BPS C1, Giesecke & Devrient (G&D) has added a further robust, high-performance machine to its range of desktop systems. This two-stacker machine, featuring a sorting tray and a reject compartment, boasts a counting speed of up to 1,500 banknotes per minute – the fastest in its category. It is highly flexible and offers utmost precision for banknote processing applications. The system is able to process up to 10 different currencies. Two people can use the same BPS C1 machine in parallel, making an investment in the system even more cost-effective. The BPS C1 can be equipped to read serial numbers on banknotes and barcodes, for instance on casino tickets. As a further option, banknotes can be sorted into three classes according to the condition they are in, distinguishing between banknotes suitable for automated teller machines, banknotes fit for circulation, and banknotes no longer fit for circulation.
Kyffhäusersparkasse and Kreissparkasse Nordhausen have both extended their existing service contracts with Wincor Nixdorf for four and three years, respectively. Wincor Nixdorf’s subsidiary Prosystems IT will provide remote services to both savings banks for a total of 141 installed self-service systems. The contract includes services that range from remote monitoring to remote fault detection and resolution. The two savings banks thus benefit from increased self-service system availability and significant cost savings.
Giesecke & Devrient’s new Supervisory Board
and Advisory Board has elected Dr. Peter-Alexander
Wacker was elected as the new chairman of the Supervisory Board and
Advisory Board. Wacker has been a member of G&D’s Advisory and
Supervisory Boards since 2007. He succeeds Dr. Peter Mihatsch. The
members of the Supervisory Board and Advisory Board of G&D are as
follows: Supervisory Board: Dr. Peter-Alexander Wacker (Chairman),
Walter Bogner (Deputy Chairman), Ralf Gerlach, Dr. Dietrich Hoppenstedt,
Verena von Mitschke-Collande, Jens Mueller, Prof. Gunther Reinhart,
Michael Reinhard, Claudia Scheck, Peter Johann Stark*, Johannes
Ignatius van der Velde, Dr. Susanne Weiss (employee representatives)
Advisory Board: Dr. Peter-Alexander Wacker (Chairman), Dr. Dietrich
Hoppenstedt (Deputy Chairman), Franz Haniel, Verena von
Mitschke-Collande, Prof. Gunther Reinhart, Johannes Ignatius van der
Velde, Dr. Susanne Weiss.
Contactless provider Kontiki held its 33rd conference to discuss the
goals and contents of initiative funded by the German Federal Ministry
of Transport, Building and Urban Affairs (BMVBS) for the implementation
of eTicketing in Germany, perspectives in developing distribution
channels for local public transport
in presentations, as well as in special and plenary discussions. These
topics were also integrated into the assigned tasks of the Kontiki
working groups Migration, Interoperability, and Mobility. The conference
included a review of the modernisation of the vehicle fleet that
included the development of a modern fare and distribution system as
well as the BOB ticket (Comfortable without Cash). A project titled ”
d(((eti,” the focus of which is the distribution of electronic tickets
via the Internet, was introduced. ” D(((eti” is developing a whole
distribution system, from route plans to fare information to ticket
purchases. The goal is to realise the system as an open source system,
which will then carry no licensing costs.
A new director of business development for Central and Eastern Europe
has been appointed for TSYS Europe. Ralf Mueller, a 14 year veteran of
the payment cards industry, was appointed to the position after being in
charge of sales of POS terminals at another company. Mueller, a Munich
native, is fundamental to the company’s strategic priority of European
expansion. He also has an extensive education background in economics
and mechanical engineering, attended Visa Bankcard Business School in
1993, and completed Kaufhof management training in 1999.
Koch Media now supports software allowing for virtual payment through
Wirecard’s MasterCard. Wirecard allows consumers to avoid use of
credit cards and maintain ability to purchase from Internet vendors.
Koch Media is a shopping portal for computer games and software.
The Company is among the top international distributors with over
3,000 software titles.
St. Louis-based Amdocs has released the “Amdocs Dynamic Pricing and Product Bundling Solution,” “Amdocs Customer Communications Solution,” and “Amdocs Mobile and Micro-payments Solution”. The Amdocs Dynamic Banking model helps retail banks combat customer churn. Retail banks have relatively low customer loyalty and experience significant customer turnover each year. The average customer uses less than two products at one bank, yet has ties to an average of four other financial institutions. Dynamic Banking is based on the strategy of bundling products and tailoring services using customer data to help increase the number of products and services per customer, and building loyalty. To successfully adopt the Dynamic Banking model, banks must ensure that their systems are integrated across all lines of business.
TEMENOS Group AG, a
global vendor of integrated banking software for banks and financial
institutions, announced its results for the year and quarter ended December
2001. Revenues for the quarter were US$34.7 million, up 9% compared to
the same period last year, bringing revenue for the fiscal year ended December
31,2001 to US$140.9 million, an increase of 48% compared to the previous
Operating profit for the quarter was US$29 thousand compared to US$4.8 million
for the same period last year. Operating profit remained constant at US$15.6
million for the years ended December 31, 2001 and 2000.
“2001 was a challenging year for TEMENOS. We emerged from nine months of
intense corporate activity including our Initial Public Offering in June, to
face what was one of the most challenging and unpredictable periods in recent
history,” said George Koukis, Chairman and CEO .”Management has responded to
the challenges by focusing on the execution of our business plan both in
relation to increasing revenues and to streamlining our operations and
cost. During the last quarter we continued to increase market share with
initial license fee signings, a key performance indicator for our business,
growing by 50% compared to the same period last year. At the same time we
undertook a comprehensive restructuring of our business, seeking to ensure
our operating cost structure is optimally positioned to deliver increased
shareholder value. Across sales, services, and product development we are
focused to leverage our investment efforts and our business plan for 2002. We
believe we are on track to deliver on our commitments for 2002 as communicated
during the last quarter’s results announcement”.
RESULTS FOR THE YEAR AND QUARTER ENDED DECEMBER 31,2001
Revenues for the quarter were US$34.7 million, up 9% compared to the same
period last year, bringing full year revenues to US$140.9 million, up
48% compared to the prior year. Licensing revenues for the quarter were US$16.0
million, down 19% compared to the same period last year while licensing
revenues for the year were US$79.7 million, up 35% compared to the prior year.
Services revenues for the quarter were US$18.6 million, up 54% compared to the
same period last year and services revenues for the year were US$61.2 million,
up 68% compared to last year.
“We are particularly pleased to deliver quarterly revenues ahead of our
commitments to the market,” said Andreas Andreades, Deputy CEO. “Our licensing
revenues, although higher than our prior guidance, remained depressed as we
absorbing the impact of the recent slowdown in new business. The services
business continued to exhibit robust growth, driven by continued demand for
GLOBUS skills within our client base even at times of economic uncertainty.”
“During the quarter we managed to complete four deals with Tier 1 banking
institutions (Rabobank, Schroders, Fortis, Mellon) bringing our total
penetration to 23 in this market segment, ” said George Koukis, Chairman and
CEO. “We see increased activity across all markets and segments with some
markets such as Russia, emerging particularly strong. I am pleased to be able
to announce that we have decided to pursue a direct sales model in the Russian
market with our 26th office opening in Moscow this month”.
Operating profit for the quarter was US$29 thousand, compared to US$4.8
for the same period last year, while operating profit was consistent with the
prior year at US$15.6 million.
Gross service margins for the quarter increased to 9%, compared to 1% for the
same period last year while the full year margin for our services business was
13% compared to a modest 2% for prior year. “Services profitability, following
the repositioning of our services business as an independent profit center
within TEMENOS, is growing in line with our internal plans as we continue to
drive efficiencies in training our consultants and packaging our offering,
“said Andreas Andreades, Deputy CEO. “We expect our gross services margin for
2002 to continue to improve toward industry standard levels.”
R&D costs for the quarter were US$5.4 million, up 7% when compared to the same
period last year.”2001 represented a year of significant investment in new
product functionality, such as database and platform independence, our new
asset management solution, enhanced treasury functionality, GLOBUS Internet
Bank, and the TEMENOS Integration Platform. Over the past three years we have
invested more than US$60 million in product delivery which we believe has rendered
GLOBUS the most functionally rich, technologically advanced, open universal
banking platform in the market place today,” said Andreas Andreades, Deputy
“At the same time, we have started to see the results of our restructuring
program taking effect, with quarter on quarter R&D costs decreasing
significantly. Our program for transferring development processing capability
to lower cost countries and specifically to our development centers in India
and Thailand, will be completed during the second quarter of the current
year. We remain confident that our 2002 R&D cost will be in line with our long
term target model, representing between 16%and 18%of revenues,” said David
Arnott, Chief Financial Officer.
S&M costs for the quarter were US$7.1 million, up 22%compared to the same
period last year while full year costs were US$24.0 million, up 63%
the previous fiscal year.”We can now boast a world class sales organization
with coverage and capability to deliver increased initial license fee
signings,” said Andreas Andreades, Deputy CEO. “2002 will be a year where we
will seek to maximize productivity of the sales organization which we put in
place during 2001.”
G&A, at US$5.0 million for the quarter, was up 29% compared to the same period
last year, bringing the full year growth in G&A costs to 25% compared to
48% revenue growth. “All of our planned cost saving measures were
this quarter and the full benefit has begun to show through in 2002. With our
lean cost base and efficient operating structure, we are now well
manage our growth and direct new resources to exactly where they are most
needed.” said David Arnott, Chief Financial Officer.
Earnings per share
Diluted earnings per share for the quarter were US$(0.02)per share compared to
US$0.04 per share for the same period last year. For the year to December 31st
2001, diluted earnings per share were US$0.11 per share compared to US$0.20
the prior year. Fully diluted earnings per share for 2001, when adjusted for
one-off non-recurring equity repurchase financing costs, were at US$0.25
compared to US$0.22 for the previous year, up 14%.”I am very pleased that
despite the unstable economic environment and our aggressive investment in
term objectives, we have been able to deliver increased earnings per share
adjusted for non-recurring items,” commented Andreas Andreades.
On January 24th 2002, TEMENOS acquired a minority equity stake in FINANTIX
(formerly known as INFOservice),a company based in Venice, Italy, with offices
in Germany, Finland, the UK, and the US, by injecting US$2.5 million cash into
the company. We were also granted an option to acquire the remaining equity
a combination of equity and cash. The purchase will be based on an earn-out
agreement which is expected not to exceed US$20 million. This option
November 30,2002. FINANTIX develop, market, and support “One Wealth,” a
Financial Relationship Management product suite, with full multi-channel
capability, targeted at retail, private, and wealth management banking
institutions to enable them to manage their customer relationships.”The market
for Financial Relationship Management, including the provision of automated
advice is at the top of CIOs priorities,” said Ralf Emmerich, FINANTIX CEO.
provide what we believe is the most technologically advanced j2EE component-based product available in the market place today that enables banks to manage
their multi-channel customer relationship issues in the context of their
specialized financial environment”.
“CRM is probably the fastest growing sub-sector within financial services
traditional horizontal CRM vendors providing only general expertise. Our
ability to understand the financial services business provides us a unique
opportunity to deliver to banks what is missing from traditional CRM systems,”
said George Koukis, Chairman and CEO.
QUETZAL INFORMATIQUE SA
In January 2002,TEMENOS acquired all the shares of Quetzal Informatique SA, a
Paris-based supplier of sophisticated regulatory reporting software, as
the intellectual property rights for their software for a total consideration
of approximately US$2.5 million in cash and shares. “Following the events of
September 11th regulatory reporting has come very much back in focus, and
are being asked to react to changes in regulatory demands very quickly,”
commented George Koukis. With the acquisition came a strong pipeline, in
addition to an already strong installed base in France and other French
speaking countries. More importantly it extends the GLOBUS offering to an area
historically dominated by other vendors.
Based on our existing backlog of signed contracts, which amounts to US$52.7
million (September 30,2001 US$46.1 million)and represents visibility in excess
of 9 months, combined with our expectations for converting our existing
pipeline, we are in a position to reconfirm prior guidance of revenues of
approximately US$170 million for fiscal 2002. Operating margins are
return to approximately 18% in line with our pre-Initial Public Offering
targets. Our major cost restructuring plans are expected to be completed
the first half of the year and therefore margins are likely not to accrue
evenly during the year.
TEMENOS is a global leader in providing financial institutions with integrated
banking systems that increase productivity, profitability, and allow them to
respond to changing market conditions. The company’s solutions, TEMENOS
are utilised in a variety of segments including retail and wholesale
well as for treasury and accounting functions. TEMENOS has 26 offices in 20
countries and over 270 installed client bases. The company had revenues of
US$140.9 million for the year ended December 31, 2001. In June 2001, TEMENOS
became a public company, quoted on the SWX Swiss Stock Exchange (TEMN).