Unity Bank plc has recorded a 1Q/14 26% profit before tax from the year ago period, corresponding with its mandatory annual re-certification of its PCIDSS. The bank also received its Report on Compliance (RoC) from the external Qualified Security Assessor (QSA), NetHost Legislation Ltd. This is in line with the directive from the Central Bank of Nigeria that all banks must achieve certification to the PCI standards, Unity Bank had successfully attained its certification on April 5, ahead of almost three-quarter of the banks in the country and is among the first to complete its annual recertification. The bank has also disclosed that to ensure that it continues to maintain its high security standards for the protection of card-holder data and card production environments, it is putting resources in place to train its own team of Internal Security Assessors (ISAs) to lead future recertification exercises and work with external Qualified Security Assessors (QSAs) to obtain RoC.
Monitise technology and services company delivering mobile banking, payments and commerce networks worldwide, announces a trading update ahead of the announcement on 4 September 2012 of its financial results for the year ended 30 June 2012. As Monitise continues to enhance its reputation for delivering bank grade secure services for its customers, be it mobile banking, mobile payments or mobile commerce, the opportunities to enhance shareholder value continue to grow. The Company has invested significantly in its Monitise Enterprise Platform and technology over the past few years and is also delighted to have completed four major customer launches during June and July. The Company has a strong pipeline of future deployments. The Company is pleased to bring forward EBITDA breakeven guidance by a full quarter to September 2013. Revenue in the year grew by approximately 140% from £15m to £36m and thom £15m to £36m and the EBITDA loss reduced from £12m to £10m.
ADVANCED SEMICONDUCTOR ENGINEERING, INC. ASX +1.59% (taiex:2311)(taiex:”ASE” or the “Company”), announces its unaudited consolidated net revenues for May 2012. CONSOLIDATED NET REVENUES (UNAUDITED) May Apr May Sequential YoY (NT$ Million) 2012 2012 2011 Change Change —— —— —— ———- —— Net Revenues 15,636 14,867 15,438 +5.2% +1.3% May Apr May Sequential YoY (US$ Million) 2012…
Planet Payment, a leading provider of international payment processing and multi-currency processing services, announced its results for the three months ended March 31, 2012 (“Q1 ’12”). During the first quarter of 2012, the Company again achieved strong operating results. First quarter of 2012 highlights include: — Net revenue for the period increased 22% to $11.7m…
HSBC has agreed to sell its card and retail services business in the United States to Capital One, which consists of HSBC’s monoline US credit card and private label credit card business. Included in the sale are the Business’s MasterCard, Visa, private label and other credit card operations. The products of the Business are offered throughout the United States primarily via strategic affinity and co-branding relationships, merchant relationships, direct mail and via the internet. All HSBC employees in the Business will be offered the opportunity to join the Purchaser. The Business to be sold however does not include HSBC Bank USA’s US$1.1bn credit card program. The Business being sold has performed strongly through the financial cycle but it is not aligned with HSBC Group strategy.
USA Technologies issued a letter to its shareholders reflecting on having achieved record revenues for the quarter ended June 30, 2011 and record revenues from license and transaction fees, cashless transactions processed, and record new customers. Moreover, USATech unaudited total revenue for the quarter totaled approximately $22.9 million, an increase of 45% compared to $15.8 million a year earlier, compared to the fiscal year ended June 30, 2006 figure of a mere $6.4 million. Additionally, the unaudited June 30, 2011 quarter total revenue is up approximately 53% from the approximately $4.5 million in total revenue earned for the same quarter a year ago and doubled the 1,050 customer clients from 2010.
Fis banking and payments technology has reached an agreement with the Association of British Credit Unions Limited (ABCUL) to support the launch of a prepaid card program for ABCUL’s credit union members. ABCUL is the premier trade association for credit unions in England, Scotland and Wales. The association has nearly 300 members, representing around 70 percent of credit unions in the UK, which in turn provide services to 85 percent of British credit union membership. The latest FSA, unaudited figures show that more than 890,000 people are using credit unions in Great Britain.
Monitise mobile banking, payments and commerce networks worldwide, announces its unaudited pre-close trading update following its 30 June financial year-end, with expected full-year revenues of approximately GBP14 million ($22 million), more than double the GBP6 million ($10 million) reported last year, and with a year-end annualized revenue run rate in excess of GBP20 million ($32 million). Growth across live mobile banking and payments services continues, with Monitise now handling more than 10 million banking transactions a month, including 100,000 account transfers and mobile payments per week with an average monthly value of more than GBP100 million. Finally, total Monitise registered customers are approaching 4.5 million, more than double the level seen a year ago.
Payment Data Systems electronic payments solutions provider released the payment processing projections for 1Q/11, expected to top that of 4Q/10 and the highest volumes processed in over a year. Total 4Q/10 results show it was the best quarter of the year, was up 31% over 3Q/10 and credit cards dollars processed in December were up 22% over November 2010. PYDS also finalized negotiations FiCentive as a new sponsoring bank for prepaid card issuance and expects to sign the final agreement in the next week.
Payment Data Systems’ credit card processing volumes for were through the roof in 4Q/10, up 31% from the previous quarter. The integrated electronic payments solutions provider also disclosed its December 2010 period had the highest credit card processing volumes were the highest of any other month in 2010, posting credit card dollars processed up 22% over November 2010. Processing dollars directly relates to gross revenue. As volume for processing dollars rises, the gross revenue for the Company’s payment processing rises as well. Payment Data Systems is an integrated payment solutions provider to merchants and billers.
Dialog Semiconductor has acquired SiTel Semiconductor short-range wireless, digital cordless and VoIP technology for something to the tune of $84.5 million. This will add short-range wireless connectivity and VoIP to Dialog’s existing technology portfolio; major global customers in the portable device market; and expands Dialog’s addressable market targeting high growth wireless personal portable devices to over 100 million. SiTel’s industry-leading products are found in a broad range of personal portable applications including digital cordless phones, professional wireless headsets, gaming and portable medical devices. SiTel’s VoIP technology is increasingly used by leading manufacturers of enterprise and residential VoIP connectivity products.
SelectCore payment and transaction processor for prepaid telecom and financial services posted 2010 revenues of more than $102 million. Throughout the year, the Company also added over 3,500 new merchant locations to its retail network; processed over 40 million transactions; and generated new technology development to launch transaction processing solutions for mobile remittance. Also, SelectCore is actively seeking a new lender to replace its current $3.75M USD senior debt facility with ComVest Capital II LP on or before March 31, 2011 when a principal payment of $1.25M becomes due.