DirectCash Payments Posts Solid 1Q/12

DirectCash Payments announced consolidated financial results for the three months ended March 31, 2012. DCPayments’s consolidated financial statements for the three months ended March 31, 2012 and Management’s Discussion & Analysis, as well as additional information about the Corporation are available on SEDAR (www.sedar.com). Financial and Operational Highlights: — Canadian business continues to generate solid…

DirectCash Payments Announces Regular Cash Dividend

DirectCash Payments announced a cash dividend of $0.115 per share for the month of February, 2012 for payment March 30 to shareholders of record on February 29, 2012. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). The Company is the largest branded ATM provider in Canada, operating under the trade name DirectCash ATM, and is one of the leading providers of branded non-financial institution debit terminals and prepaid card products.

QNB Expands Installment Program

QNB is partnering with a number of stores in Qatar to offer QNB Credit Card customers with access to 0% financing over six equal monthly installments with its “FlexiPlan” installment option. Applicable to all QNB credit cards, the program is valid at Rivoli watch stores for purchases between 1 October 2011 and 30 April 2012. The QNB “FlexiPlan” is also available at the group’s Tag Heuer and Rado stores at Doha City Center, as well as the Omega store at Landmark. QNB will launch an installment campaign with Jumbo Electronics stores during the period of 15th October till 4th November 2011.

Posera-HDX 2Q/11 Post Sales Up 16.4% Y/Y

Posera-HDX announced its financial results for the three and six-months ending June 30th, 2011, concluding the Company has performed well in spite of the difficult economic conditions world-wide, achieving an EBITDA profit of $19,272 for the three-months ended June 30, 2011, and sales and service revenues of $4,215,178, representing an increase of 16.4% from $3,620,892 from the three-months ended June 30, 2010. Excluding one-time expenditures related to legal costs, a tax judgement in the State of California and a reassessment of the Company’s investment tax credits receivable by the relevant income tax authorities, the Company achieved normalized EBITDA profit for the three-months ended June 30, 2011 of $233,513, compared to a normalized EBITDA profit of $102,923 for the three-months ended June 30, 2010. This represents an increase in the Company’s normalized EBITDA for the three-months ended June 30, 2011 of $130,590 (126.9%) compared to the three-months ended June 30, 2010.

DirectCash Payments Sees Gross Profits Up 9% Y/Y

DirectCash Payments announced consolidated financial results for1H/11, during which it experienced increased Gross Profits 9% to $14.0 million; funds from operations payout ratio reduced to 54% from 85%; and an increased ATM network bringing the total number of active ATMs to 7,892. Furthermore, ATM transactions increased during the three and six months ended June 30, 2011 compared to the prior year due to the increased number of ATMs deployed. The increase in transactions relates primarily to the acquisition of Cashline Inc. which was a quality portfolio of ATMs that produced higher transaction volumes than the average ATM in Canada. Based on statistics provided by Interac, ATM transactions in the Canadian industry as a whole continued their historical decline on a per ATM basis.

Directcash Payments Announces Regular Cash Dividend

DirectCash Payments ATM provider announced a cash dividend of $0.115 (11.5 cents) per share for the month of July, 2011. The dividend will be paid on August 31, 2011, to shareholders of record on July 29, 2011. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). The Company’s policy is to pay dividends on or about the last day of each month to shareholders of record on the last business day of the preceding month.

DIRECTCASH PAYMENTS ANNOUNCES REGULAR CASH DIVIDEND

DirectCash Payments ATM provider announced a cash dividend of $0.115 (11.5 cents) per share for the month of May, 2011. The dividend will be paid on June 30, 2011, to shareholders of record on May 31, 2011. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). The Company’s policy is to pay dividends on or about the last day of each month to shareholders of record on the last business day of the preceding month.

VersaPay Generates 65% Y/Y Revenue Growth

VersaPay Corporation merchant credit, debit, gift and loyalty card payment processing solutions posted 1Q/10 increased total gross transaction value processed 83% to $132 million since the year ago quarter. Meanwhile throughout the quarter, monthly gross transaction value processed was $58 million for March 2010 and total revenue was $2.6 million, a 67% increase
from total revenue of $1.6 million in 1Q/09. The year-over-year improvement in VersaPay’s top line was driven primarily by growth in the Company’s transaction processing fees, which were $2.4 million, up from $1.4 million in 1Q/09 thanks to an expanding merchant customer base. POS product sales revenue was $0.1 million, and revenue from VersaCard and VersaEFT fees was $0.04 million, compared to 1Q/09 sales of $0.1 million and $0.06 million, respectively. Recurring revenue (Transaction processing fees + VersaCard/EFT fees) totaled $2.5
million, or 94% of total revenue, compared to Q1 2009 recurring revenue of $1.5 million, or 92% of total revenue while expenses totaled $3.5 million, compared to 1Q/09 expenses of $1.7 million.

CARTES & BUSINESS WIRE

New distribution service Business Wire and CARTES in Asia, the digital security and smart technologies exhibition and congress to be held in Hong Kong
March 16-18, 2010 at the AsiaWorld
Expo, have announced that they have signed a partnership agreement.
Smart technologies industry leaders, key players in innovations and
decision-makers from all over the Asia Pacific region will gather in
Hong Kong for 3 days of conferences and 2 days of exhibition on smart
cards, identification technology, contactless payments, etc.
The market in this industry is growing faster than in any other region
in the world due to the dynamism of the telecommunications, the
deployment of the EMV standard and governments promoting smart card and
high technology adoption.

PYMNTS.com Grills Paypal&Wells Fargo on mBanking

PYMNTS.com interviews execs from Paypal and Wells Fargo with a focus on
the changing mobile banking landscape.
In the two months since its launch, PYMNTS.com has assembled a very
large and highly engaged community of relevant and senior industry
executives and opinion makers across the payments ecosystem who
regularly click on its newsletter, visit the site, and spend a lot of
time there. PYMNTs.com has become the “hub” for payments innovation for
those whose core business is payments and for those who view payments as
central to their own commerce capabilities.