Bottomline Technologies Sales Up 17% in Q2

New Hampshire-based Bottomline Technologies reported quarterly revenue of $26.3 million, a 17% increase compared to 2Q/04. Net income for the quarter was $2.2 million, compared to $417,000 one-year ago. During the quarter, the company received 191 new orders for its “BACSTEL-IP” software solutions including Bank of America, British Airways, Co-Op Group Insurance and Accenture HR. BT also added United Missouri Bank and Colonial Bank as global customers and expanded its relationship with Fifth Third Bank. BT also acquired HMSL Group, a UK-based accounts payable automation services firm, in April. Bottomline provides payments and invoice automation software and services to organizations seeking more secure and efficient financial processes. For complete details on Bottomline Technologies’ latest results, visit CardData ([][1]).


Certegy to Use Parsam Technologies’ uMonitor

Certegy has partnered with Parsam Technologies to use “uMonitor” technologies to broaden its suite of e-payment and e-banking services. Through the new relationship, Certegy will offer online bill presentment, new account services and loan services to its clients through a private-label arrangement using the Certegy brand to allow consumers to pay bills directly through the biller’s website or have the bills presented online by their financial institution. Certegy Inc. provides transaction processing service to 6,500 financial institutions, 100,000 retailers and 100 million consumers worldwide and generated over $1.0 billion in revenue in 2004.

CineVend to Deploy USTT’s e-Port

Pennsylvania-based USA Technologies’ payment card-enabled “e-Port” has been chosen as the cashless transaction solution by Seattle-based CineVend, a company that has recently launched a business to vend CDs and DVDs. The e-Port is already being used to vend non-traditional items such as cellular phones and calling cards, office equipment, sunscreen products, automotive components and gourmet foods. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries.

Fiserv Acquires Interactive Technologies

Fiserv has acquired Interactive Technologies, a developer of fee management and billing software for large and mid-sized financial services organizations with annual revenues of about $10 million. Interactive Technologies Advantage Fee System is a multi-currency, multi-lingual product that is sold worldwide. Interactive Technologies currently has about 60 clients. Fiserv, Inc. provides information management systems and services to the financial and health benefits industries. The company serves more than 16,000 clients worldwide and reported $3.4 billion in processing and services revenues for 2004.

USA Technologies Adds Another Patent

Pennsylvania-based USA Technologies, a specialist in wireless non-cash transactions, has been granted a patent for certain technology within its new versions of “VendingMiser” and “CoolerMiser. Both are devices that conserve electricity when installed in vending machines and refrigerated coolers. USA Technologies provides networking of distributed assets, wireless non-cash transactions, associated financial/network services and energy management.

VeriFone and Paymentech Certify New Edge

Vancouver, WA-based New Edge Networks has been awarded certification for an end-to-end solution allows merchants to keep their existing POS systems that currently use dial-up telephone lines, yet make the move to broadband networks that use different high-speed transmission protocols. New Edge Networks provides managed network services for multi-location wide area networks (WANs).

NBS Enhances Netopia’s Merchant Success Bundle

California- based Netopia announced that its new Merchant Success bundle is being offered with complete POS solutions from NBS Technologies. The standard bundle is based on Netopia’s broadband Wi-Fi gateways and features NBS Technologies’ Commerce Gateway, which provides a secure, browser-based interface that allows businesses to process credit card transactions from any Web-enabled computer. NBS is a provider of smart card manufacturing and personalization equipment. Netopia, Inc. offers broadband products and services.

Precidia POSLynx400 Certified by First Data

Ottawa-based Precidia Technologies’ “POSLynx400” retail router has been certified for the First Data Merchant Services CARDnet/North and Telecheck hosts. This is a significant milestone for “POSLynx,” a series of devices that provide IP conversion via four dial or two dial/two serial ports for legacy POS equipment. Precidia designs and
manufacture IP access devices for a wide range of industries,
including retail payments and building automation and has customers in
over 75 countries.

ZiLOG & USTT Launch the eZ-APN Module

California-based ZiLOG and Pennsylvania-based USA Technologies have launched the “eZ-Authorization, Payment and Networking Module” for non-PC embedded, everyday devices. The eZ-APN module can be attached to any non-PC embedded device, which allows the device to be wirelessly network enabled with the capability to authorize use or access and process cashless payments via debit, credit or any other designated payment card. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USAT is an IBM Business Partner and has marketing agreements with AT&T, Honeywell and MEI. ZiLOG, Inc. is a leading global supplier of 8-bit micro-logic devices and designs, manufactures and markets a broad portfolio of devices for embedded control and communication applications used in consumer electronics, home appliances, security systems, point of sales terminals, personal computer peripherals, as well as industrial and automotive applications.

NCR to Buy Tidel Technologies’ ATM Business

NCR has agreed to acquire Mississippi-based Tidel Technologies’ ATM business. Tidel began in 1977 as part of 7-Eleven by inventing the “Timed Access Cash Controller.” Tidel is also unloading its TACC business and has retained Stifel, Nicolaus & Company to handle the sale. Tidel sold more than 190,000 “Cash Controllers” and ATMs in 38 countries to date. The Company was crippled four years ago by a major default by JRA 222, Inc. d/b/a Credit Card Center, a distributor of off-premise ATMs. JRA 222 produced more than 60% of Tidel’s net sales at the time. As of January 2005, Tidel was still actively pursuing the collection of monies from CCC. In July 2004, Tidel settled a consolidated shareholder lawsuit for $3 million and two million shares. (CF Library 7/7/04)