Cardtronics to Present at the Deutsche Bank Conference

Cardtronics non-bank operator of ATMs is set to present at the Deutsche Bank Small and Mid Cap Conference on Wednesday, February 16 at the Ritz Carlton in Naples, Florida. The presentation will begin at 3:20 p.m. Eastern Time. Investors and interested parties may listen to the live webcast of this presentation by visiting the Company’s website at www.cardtronics.com under the investor relations section at the appropriate time. A replay of the presentation will be available for one week. Cardtronics operates over 33,500 ATMs for its account in the United States, the United Kingdom, Mexico, and the Caribbean and assists in the operation of over 2,900 ATMs under managed services contracts with customers, allowing them to place their brands on over 11,700 Cardtronics’ ATMs.

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January Bankruptcy Hits 2-Year Low, COFs Edge Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] January consumer bankruptcies were down 22% from December 2010 to only 92,669 from the 118,146 in the prior month. This in conjunction with consumer credit card debt having grown for the first time in two and a half years by $2.3 billion to sit currently at 800.5 billion and credit card…

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Cardtronics Posts 4Q/10 Revenue Up 8% Y/Y, Ebbs Q/Q

Cardtronics non-bank owner of ATMs posted its 4Q/10 consolidated revenues of $134.7 million. This figure is up by 8% from the year ago period figure of $124.8 million thanks to a 12% revenue growth in core business operations, but was down about $2 million from the prior quarter. Additional highlight indicate gross margins were up 32.4% from 31.4% from 4Q/09; adjusted EBITDA was $32.8 million, up approximately 19%; GAAP Net Income of $8.0 million, up from $1.5 million; total withdrawal transactions from its ATMs increased by over 6%; total transactions increased by over 10%; and total transactions per ATM increased by over 8%. For all of 2010, Cardtronics revenues totaled $532.1 million for the year ended December 31, 2010, an 8% increase over the $493.4 million posted in 2009. This was also thanks to core business growth, which was driven by increases in transactions per machine, increased revenues from managed services agreements, year-over-year surcharge rate increases implemented in the United States, and unit growth in the Company’s United Kingdom and Mexico operating segments. Additional revenue was also generated through Cardtronics’ bank branding agreement with PNC Bank to place 135 ATMs in CVS/pharmacy stores across Indiana; signing multi-year agreements with a leading supermarket chain in the Northeast to provide a full suite of ATM management services; agreements with Univision Prepaid Card to provide prepaid cardholders with unlimited free access to ATMs in the Company’s Allpoint Network, and many more national and international developments. For complete details on Cardtronics fiscals, visit CardData.com (www.carddata.com).

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American Optimism Fuels Economy

Although the employment rate is struggling, there are some sure signs the economy is improving. Bankruptcies are way down, credit card charge-offs are holding steady and consumer optimism is strong. Although this is relatively apparent with credit card volumes having grown slightly this past month-after having steadily declined over the past 2 and a half years- consumer optimism and confidence is also reflected in 30% of consumers feeling the economy is getting better, up 23% from before the holidays, while 25% at least feel the economy can’t get any worse, down from 33% before the holidays.

These findings, says Chase Card Services, also show 60% of Americans met or stayed below their set spending goals this past holiday season, but still spent approximately 20% more than they said they would; 21% believe their own personal finances are getting worse, down 3 points since December; 31% believe they are improving their situation, up 5 points; and 49% are in control of their finances, compared to 47% having disclosed this before the holidays while 48% of men are in control of finances, down from 51% who said that before the holidays.

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hyperWALLET to Power WIP mWallet Payments

hyperWALLET global payment solutions has partnered with WIP (Wireless Industry Partnership) to offer a payment solution tailored for mobile app store providers. WIP created an agnostic community of mobile developers and supports the entire mobile development ecosystem by encouraging discussions, co-creation and exchange. For the partnership, hyperWALLET will power WIP with global money transfer capabilities at a significant cost advantage over wire and paper-based remittance, with an average of 75%. The solution is currently supported in 20 currencies across 45+ countries at an average cost of $3.00 – $7.00 USD per transaction depending on the country.

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Wright Express Posts 4Q/10 Revenue Up 38% Y/Y

Wright Express payment processing posted its 4Q/10 revenue up 38% to $114.9 million from the $83.0 million posted in 4Q/09. Fourth quarter 2010 revenue included $17.4 million from Wright Express Australia, which was acquired on September 15, 2010. Meanwhile, adjusted net income for 4Q/10 increased 32% to $28.8 million from $22.1 million for the year-earlier period. Its total fuel transactions processed increased 14% from 4Q/09 to 72.1 million; payment processing transactions increased 14% to 57.3 million; transaction processing transactions increased 11% to 14.8 million. For the full year 2010, revenue grew 24% to $390 million from $315 million in 2009 and earnings grew 26%. With this, Wright Express expects revenue in the range of $113 million to $118 million and adjusted net income in the range of $24 million to $27 million for 1Q/11 revenue in the range of $497 million to $517 million and adjusted net income to be in the range of $123 million to $131 million for the full year 2011.

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Banks Launch First Data mBanking

American Bank of Texas, Marble Falls, Texas, and Waggoner National Bank, Vernon, Texas, have launched First Data´s “Mobile Manager” mBanking to their Internet banking customers following a successful internal pilot period. The First Data fully hosted and integrated “Mobile Manager” service lets financial institutions implement mobile banking, integrating with its “FundsXpress” online banking platform. The solution is available through SMS, mobile web, and downloadable applications for iPhone and eventually Android phones.

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BilltoMobile to Demonstrate GSMA Billing

BilltoMobile mobile payments for online purchases has been selected by the GSMA as a demonstration partner to showcase mobile payments through the GSMA “OneAPI Gateway.” This will illustrate how the BilltoMobile payment gateway can be connected to the GSMA “OneAPI Gateway” and allow online merchant sites and developers to enable mobile payments to 65 per cent of all U.S. wireless subscribers. BilltoMobile purchases take only seconds to complete, require no pre-registration or special hardware, have no association with credit or bank cards and appear directly on the subscriber’s wireless bill. The GSMA “OneAPI Gateway” offers a fully-commercial single point of access for developers with any of the three major Canadian operators (Bell, Rogers and TELUS).

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AmEx Improves International Payment Exchange Offering

American Express Canada launched its “FX International Payments” (FXIP) foreign exchange payment solution for Canadian businesses, allowing clients to make foreign currency transactions at competitive rates and with the convenience, security and control of 24/7 online service. With “FXIP,” businesses can offer customers a simple, convenient and tailored way to manage worldwide payment needs, supported by a secure online platform to provide important protection. It includes competitive live exchange rates on more than 110 currencies; an online, convenient and secure payments platform available 24 / 7 that enables the management of all transactions in one place; lets American Express Cardmembers earn Membership Rewards points on foreign exchange transactions at a rate of 1 point for every $30 transacted; and a secure online platform which can be tailored to individual business requirements.

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eBay Expects Double-Digit Annual Revenue by 2013

eBay outlined its three-year growth plans, projecting double-digit annual revenue and earnings growth for 2011-2013, with revenues expected to reach at least $13 billion in 2013 compared to approximately $9 billion in 2010. These projections are based on the continued strong global momentum at PayPal and profitable growth at eBay. This is in addition to the Company’s mobile commerce revenue streams, with more than 30 million downloads of its mobile applications, allowing eBay mobile gross merchandise volume to double to $4 billion in 2011. For 2011-2013, total company revenues are expected to reach $13 billion to $15 billion in 2013, up from $9.2 billion in 2010, led by continued innovation in both of the company’s core businesses. With this, PayPal is expected to significantly increase revenue to $6 billion to $7 billion in 2013, driven by consumer preferences, market expansion, and innovation in the areas of mobile, digital, social and local.

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Ingenico Expands to Encrypt Canadian Desjardins’ Payment

Credit card transactions are now even more secure thanks to the latest technology developed by Desjardins. End-to-end data encryption completely eliminates exposure of card numbers at points of sale during the payment process. With the participation of Ingenico, Desjardins has developed a payment solution that encrypts credit card data throughout the entire transaction. This new technology will make it easier for retailers to comply with PCI-DSS, under which strict security measures must be implemented at points of sale to protect credit card data exposure during the payment process. From the moment the card is read by the store’s PIN-pad to the transmission of the data to the Desjardins host system for authorization, the data remains protected.

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