MasterCard Realigns Execs for a Regional Focus

MasterCard announced it is combining its global customer accounts, including products and solutions, with the regions where they are headquartered. In the U.S., MasterCard is expanding its business unit to include U.S.-based global accounts along with its U.S. Region. The new U.S. Markets unit will headed by Chris McWilton who was previously President/Global Accounts. Walt Macnee, previous President/Global Markets will become President/International Markets.
Wendy Murdock, former Chief Product Officer, will now lead both Payment System Integrity and Franchise Development. Gary Flood will continue to be President/Global Products & Solutions but will be adding two new teams. Tim Murphy, former President/U.S. Region will head the new Core Products team. Joshua Peirez, former Chief Payment System Integrity Officer, will head the Innovative Platforms team.

Arthur Blank Realigns Management Execs

MA-based Arthur Blank & Company announced that Stuart and Eric Blank
will join its parent American Banknote to focus on Strategic Planning
and Corporate Development, resulting in key changes to the organization.
Keith Goldstein, recently SVP of Operations was promoted to
President/COO. Jake Jacobs, previously SVP of
Sales and Business Development, was promoted to EVP of Sales and
Marketing, Paul Fournier was promoted to EVP/CFO, and Bob McCormick was
promoted to VP, Secure Card Operations and was also
named a member of Arthur Blank’s Executive Management Team.

NCR’s ATM Revenues Up 6% Year-on-Year

NCR reported that second quarter revenue of $343 million for its ATM business was up 6% year-on-year. However, operating income of $31 million was down from $43 million generated in the second quarter of 2005 due to price erosion and higher manufacturing-related costs. Retail Store Automation revenue of $221 million was up 5% from 2Q/05. Operating income of $8 million compared favorably to $6 million in the second quarter of 2005, largely due to higher revenue. During the second quarter, NCR introduced two-sided thermal receipt printing via its “RealPOS 7168” terminal. NCR and Novell also announced a global agreement to offer Novell “Linux Point of Service” on NCR “RealPOS” retail POS terminals. Additionally, Panda Restaurant Group inked a deal to deploy NCR “RealPOS 70” terminals at its Panda Express and Hibachi San locations. For complete details on NCR’s current and past performance, visit CardData ([www.carddata.com][1]) (CF Library 4/26/06; 5/3/06; 5/24/06)

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

Discover Realigns PULSE Top Executives

Discover Financial Services announced that Stan Paur, who has served as President and CEO of PULSE EFT Association for more than 23 years, will become Chairman of the network effective March 31st. David Schneider, PULSE EVP and Chief Corporate Development Officer, will succeed Paur as President, reporting to Diane Offereins, EVP/CIO of Discover Financial Services. Offereins oversees the operations of PULSE, which Discover Financial Services acquired in January of last year. Schneider has been associated with PULSE for more than 18 years. The PULSE ATM/debit network serves more than 4,100 financial institutions and more than 3.2 million merchant terminals and 250,000 ATMs.

TSYS Realigns Business Units, Promotes 8

TSYS has created a new management committee, realigned many of its business units, and is promoting eight executives to lead the change. Four group executives were promoted to EVP including Gaylon Jowers, Connie Cartledge Dudley, Stephen Humber, and Colleen Kynard. The Company also named three new SVPs including Kenneth Tye, William Pruett, and James Lipham. Additionally, Dorenda Weaver has been promoted from group executive to chief accounting officer. Jowers will be responsible for sales, strategy and emerging markets; Cartledge Dudley will be responsible for product and client development. Humber has also been named CTO for software development. Kynard will be responsible for customer care. Yesterday, TSYS reported that its first quarter revenues increased 13.5% to $285.2 million, as net income rose 2.6% to $32.6 million. Separately, TSYS bid for the NYCE network has reportedly been rejected by First Data.

TSYS 3Q/02

TSYS reported third quarter net income increased 27.1% to $32.3 million, up from $25.5 million in the same period last year. Revenue for the quarter was $178.6 million, an increase of 10.8%, compared to one year ago. TSYS also announced the signing of a LOI with Bank of Ireland to process its consumer and commercial accounts. Bank of Ireland will convert its accounts from its in-house system in the first half of 2003. After the conversion, TSYS will process more than 90% of the card accounts in Ireland and will service an estimated 14.2 million card accounts in Europe. TSYS announced it has set a goal of growing net income by 12-15% in 2003. For complete details on TSYS’ performance during 3Q/02 visit CardData ([www.carddata.com][1]).

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

Racom Realigns

Racom Systems, Inc. announced that it is developing a new business strategy focused on licensing Racom’s radio frequency core technologies to the semiconductor and embedded systems markets.

Since its founding in 1991, Racom historically has focused on marketing its advanced ferroelectric memory (FRAM) and RF electromagnetic technologies to the contactless smart card market.

“With smart card industry revenues lagging behind expectations and adverse market conditions persisting, Racom has reviewed its business and concluded that its unique and patented technology offers great potential for the emerging embedded systems marketplace,” says Art Rancis, president and CEO for Racom Systems. “Our goal is to repackage the skills and intellectual property Racom excels in and become a leading licensor of wireless, RF-enabled technologies and services for embedded semiconductor-based applications.”

RACOM’S NEW FOCUS AND STRATEGY

Racom is now extending its generation of RF-based products, tools and services to enable embedded systems and microcontrollers to communicate, store and process data without the need for wire connections. Racom’s experience in developing proven solutions for a wide range of smart card applications positions the company as a technical leader within the RF field. With more than 3.9 billion embedded controllers produced in 1997, and an increased need for devices of all types to transmit and process data via the Internet through wireless technology, Racom has identified the semiconductor and OEM markets as its primary targets.

“Racom has successfully licensed its RF and FRAM technology to industry leaders Rohm, Fujitsu and Hitachi, and we intend to build upon that success during the coming year,” explains Racom’s Rancis. “We will continue to service our existing smart card customers and applications, and offer technical services to industry leaders and partners. Regardless, Racom will clearly focus its efforts on becoming a licensor of leading-edge technologies.”

RACOM RESTRUCTURING

Under Rancis’ direction during the last four months, Racom has been completely restructured and continues to generate revenues from its existing lines of business while preparing for its major re-launch and marketing introduction early in 1999. For instance, the company recently made smart card system sales to ITT Industries, Inc., Berlin, Germany, and Otis Incorporated, Cernusco, Italy. Racom also announced it has signed a manufacturing and marketing partnership with Iris Technologies, the first such agreement reflective of its new outsourcing and licensing strategy. The company’s staff has been reduced with engineering and R&D remaining the primary focus for the company.

“We eliminated staff to reduce overhead and provide the opportunity to re-build the company with experienced personnel to match our new focus,” said Rancis. “We plan to start re-staffing during 1999.”

RACOM ADDITIONAL FINANCING

To carry out its new business strategy, Racom has secured a $350,000 loan on its FRAM RF-ID licensing royalties from Ramtron International, one of its principal stockholders. Racom also is pursuing additional financing from the investment community and hopes to announce further funding during first quarter of 1999.

“We’re pleased to announce much-needed funding in the form of an advance on existing licensing royalties from Ramtron. This allows us to move forward with our re-structuring plan,” says Rancis.

About Racom Systems, Inc.

Racom Systems, Inc., headquartered in Denver, Colorado, develops and markets RF-based technologies that automate transactions for electronic commerce, information technology, physical and logical access control, and industrial automation. Racom solutions provide secure, convenient and personalized access to money, information, property and services. For further information about Racom, its technology and products, contact Racom Systems at its Web address, , by telephone at 303/771-2077, or by fax at 303/771-4708.