AmEx & Chase Targeted Junk Mail Volume Scrutinized

ForestEthics and supporters sent a direct message to Chase and American Express at today’s annual ‘Card Forum and Expo’ at the Fontainebleau Miami Beach hotel: your junk mail hurts forests. An airplane flew the banner message “CREDIT CARD JUNK MAIL BY AMEX & CHASE HURTS FORESTS” back and forth repeatedly in plain view of the conference during its opening day. This is due in part to credit card companies having mailed 1.4 billion solicitations in 4Q/10, equating to about four credit card offers for every man, woman and child in the U.S. throughout the three month period, for which Chase, American Express and Citigroup were responsible for more than half.

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Evans Resource Group joins PCI Security Standards Council

Evans Resource Group software solution and consulting company that specializes in testing and assessment of “message oriented middleware” (MOM) applications has joined the PCI Security Standards Council as a new participating organization. As a Participating Organization, Evans Resource Group will work with the Council to evolve the PCI Data Security Standard (DSS) and other payment card data protection standards. As a Participating Organization, Evans Resource Group will now have access to the latest payment card security standards from the Council, be able to provide feedback on the standards and become part of a growing community that now includes more than 600 organizations.

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Carrier Billing Available for Protext Mobility AmberWatch

Protext Mobility innovative messaging applications and solutions for the mobile communications market introduced a new payment option via carrier billing for the purchase of the Company’s AmberWatch SafeText parental management solution. AmberWatch SafeText customers can now choose to subscribe to the service by entering their mobile phone number and charging the payment directly to their mobile phone bill.

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Green Dot Announces Investor Conference Presentations

Green Dot Corporation announced Steve Streit, chairman and chief executive officer, and John Keatley, chief financial officer, will be presenting at the Morgan Stanley IT Services Summit at the New York Palace Hotel in New York, NY. Also the Company will present at the J.P. Morgan 39th Annual Technology, Media and Telecom Conference at the Westin Copley Place in Boston, MA. Green Dot is a prepaid financial services company providing simple, low-cost and convenient money management solutions to a broad base of U.S. consumers. Green Dot also owns and operates the Green Dot Network, a leading prepaid card reloading network in the United States.

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Pacific Amber And YESpay Brings Merchants Live

A growing number of merchants in Canada and USA are now Live and EMV Chip & PIN enabled thanks to the trio: Pacific Amber Technologies, YESpay International and Chase Paymentech! Since 2010, merchants using AmberPOS are able to process EMV Chip & PIN transactions via YESpay’s fully EMV and PCI-DSS certified payment solution, EMBOSS. Adoption is now exploding because of this successful partnership and the increasing need to adopt Chip and PIN in Canada as a result of the EMV liability shift. With live merchants all across North America, Pacific Amber Technologies constitutes a reliable and valuable partner to both YESpay and Chase Paymentech resulting in the successful national rollout of merchants of all sizes. All three parties are working closely together to be at the front of emerging cutting-edge technologies and to offer the fastest time to market and low-cost EMV payment solution possible to merchants.

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Gemalto Posts 1Q/11 Revenue Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gemalto, the world leader in digital security announced its revenue for the first quarter of 2011. This indicated revenue from software and services grew by 12% while roduct revenue was lower by 6% year-on-year at constant exchange rates. This reflects the anticipated more marked seasonal pattern of sales in 2011. The…

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Ingenico 1Q/11 Revenue Up 18.3% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Ingenico announced its revenue figures for the quarter ending on March 31, 2011, totaling EUR204.9 million, up 18.3 percent based on reported figures, including a favorable foreign exchange impact of EUR6.5 million. Total revenue included EUR169.8 million generated by the Payment Terminals and EUR35.1 million from Transaction Services. Sales performance was…

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FinArch Sees Strong 2010 and Projects Stronger 2011

FinArch integrated reporting, risk and finance solutions for the banking industry announced extremely strong results in 2010 with unparalleled growth among both new and existing customers. The Company exceeded all revenue and growth targets with an increase of 32% in overall revenues and more specifically a rise of 41% in license and maintenance revenues. Overall Earnings Before Interest and Tax (EBIT) quadrupled compared to the prior year. FinArch was recognized by Chartis Research as market leader in integrated risk and finance solutions, for a consecutive year, and was awarded a prestigious prize for its export activities. FinArch continues to implement its accelerated growth plan, and based upon the current pipeline, the company expects to acquire more global accounts for its solution offering.

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TSYS Revenues Up 3.9% Y/Y

TSYS posted 1Q/11 total revenues of $429.4 million, up 3.9% over the 1Q/10 figure of $415 million but down from 4Q/11 figures of $440 million. This pattern is, however, consistent with trends seen in years past as the first annual quarter drops and rebounds in 2Q for TSYS. With this, same-client cardholder transaction volumes increased 9.6% for the sixth consecutive quarter of growth while organic revenue growth was up 3.9%. The Company bought the remaining 49% interest in TSYS Merchant Solutions in January for a net purchase price of $169.5 million. TSYS supports cross-border payments in more than 85 countries for more than half of the top 20 international banks.

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Western Union Posts Revenue up 4% Y/Y

Western Union posted a 1Q/11 revenue of $1.3 billion, up 4% since the year ago period. With this, consumer-to-consumer reported and constant currency revenue increase of 5% on transaction growth of 7%, representing 84% of Company revenues; the Europe, Middle East, Africa and South Asia (EMEASA) region saw revenue increases of 2% on transaction growth of 4%; the Americas region saw revenue increase 6% on transaction growth of 8%; and the Asia Pacific (APAC) region revenue increased 14% on transaction growth of 11%. Upon disclosing these figures, Western Union incurred $24 million in restructuring expenses, compared to FY/10 restructuring expenses of $60 million. With this, the Company expects to record a total of approximately $50 million of restructuring charges in 2011, related primarily to organizational changes designed to simplify business processes, move decision-making closer to the marketplace, and leverage the cost structure.

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Euronet Worldwide Posts 1Q/11 Revenue Up $12.6mm

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Euronet Worldwide, a leading electronic payments provider, reported 1Q/11 revenues of $262.6 million, compared to $250.0 million 1Q/10 with an operating income of $17.2 million, compared to $18.2 million for the first quarter 2010. Net income attributable to Euronet was $17.3 million compared to the year ago figure of $2.8 million.…

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3.1% Drop in Y/Y Card Sales

Capital Access Network (CAN) Data Services Division disclosed the nation’s “Main Street” retailers and restaurants experienced a 3.09% decline in year-over-year same store credit and signature debit card sales in 1Q/11. This marks the 14th consecutive quarter of Y/Y credit and signature debit card sales declines and marks a reversal of a five-quarter trend of moderating Y/Y declines as the rate of decline also accelerated from the 4Q/10 figure of 2.56%. Same store YoY credit sales declines were 12.21%, 9.16%, 5.60%, 5.06%, 2.56% and 3.09%, respectively.

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