JETSTAR MASTERCARD

Partnering with Macquarie Bank, Jetstar low fare airline has launch its
“Jetstar” low-rate MasterCard credit card. Its first offering beyond
airline and holiday travel, Jetstar is offering consumers a low-rate
through its MasterCard or Platinum MasterCard and ‘Jetstar Dollars’ to
redeem for Jetstar Flight Vouchers on flights to over 50 destinations.
Cardholders accrue one cent in Jetstar Dollars for every dollar spent on
everyday purchases and two cents for every dollar spent on everyday
purchases on the Jetstar Platinum MasterCard. Rated by Canstar Cannex as
the lowest rate credit card on the market, other features of the Jetstar
MasterCard include a zero per cent balance transfer for six months, a
$49 annual fee and up to 55 days interest free.

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Archdiocese of Chicago Deploys ePay Service

CA-based payment processor US Alliance Group has teamed with Chicago-based Coleman Consulting Group to create a new online giving payment
processing solution for the Archdiocese of Chicago and affiliates. The solution
for online giving encompassing all types of payment options, including
Credit Card processing, ACH processing and Remote Deposit Capture.
USAG’s solution allows members to manage contributions while allowing
participating locations to accept all forms of donations online. The
release is scheduled to begin this week and will continue through the
next nine months.

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Visa’s Op Revenue Up 10% as Transactions Rise 9%

Visa reported net income of $514 million for the third calendar
quarter, compared to $536 million in the second quarter and a net loss
of $356 million for 3Q/08. Net operating revenue was $1.9 billion, a 10%
increase over the prior year’s quarter, driven by data processing
revenues. For the third calendar quarter Visa network transactions
(Visa, Visa Electron, Interlink and PLUS) rose 9% to 10.46 billion. By
comparison, Visa’s total transactions were up 8% in the prior quarter
and 6% in the first quarter. Total processed transactions by VisaNet for
the 12 months ended September 30th, totaled 39.9 billion, an 8% increase
over the prior year. Visa also released data for the quarter ended June
30th which showed payments volume growth, on a nominal basis, was a
negative 2% over the prior year at $687 billion; total volume, on a
nominal basis and inclusive of cash volume, was $1.1 trillion, a 3%
decline over the prior year but total cards carrying the Visa brands
rose 5% worldwide over the prior year to over 1.7 billion. In the U.S.
Visa’s credit card gross dollar volume (GDV) declined 15% in the second
quarter to $209 billion while debit card GDV rose 5.8% to $296 billion.
Purchase dollar volume for the quarter was down 9.6% for U.S. credit
cards and up 4.6% for U.S. debit cards. Visa ended the quarter with 309
million credit cards and 352 million debit cards in the U.S. For
complete details on Visa’s latest performance visit CardData
(www.carddata.com).

VISA-NET TRANSACTIONS (millions)
Sep 30, 2009 10,463
Jun 30, 2009 10,266
Mar 30, 2009 9,360
Dec 31, 2008 9,797
Sep 30, 2008 9,590
Jun 30, 2008 9,473
Mar 31, 2008 8,800
Dec 31, 2007 9,094
Sep 30, 2007 8,645
Jun 30, 2007 8,411
Note: Visa, Visa Electron, Interlink and PLUS
cards processed on Visa’s networks.
Source: CardData (www.carddata.com)

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Visa Extends Olympic Games Sponsorship Till 2020

Visa has announced in Moscow, Russia it will extend its “Olympic Games”
sponsorship for a period of eight years. This ensures Visa will remain
the exclusive payment services sponsor and the only card accepted at the
four “Olympic Games” that follow “London 2012 Olympic Games,” including
the “2014 Olympic Winter Games” in Sochi, Russia, the “2016 Olympic
Games” in Rio de Janeiro, Brazil, and the “2018 Olympic Winter Games”
and the “2020 Olympic Summer Games.” Over the past twelve “Olympic
Games,” Visa has utilized its sponsorship to increase its global brand
leadership, grow Visa transaction volume, expand acceptance in new and
emerging markets and enhance preference for its products and services.
Additional benefits under the new agreements allow Visa to offer clients
and cardholders expanded POS presence, exclusive acceptance programs for
Olympic-related transactions and increased access to unique marketing
programs.

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IPKO VISA PREPAID

IPKO, Raiffeisen Bank, Better Served Kosovo and RevEurope introduced
“IPKO Visa Prepaid Card,” Kosovo’s first prepaid card. Allowing young,
cash-based and mobile Kosovars to spend with plastic and the ability to
send money domestically, top up their IPKO mobile phone accounts or
check balances with a simple text message, the “IPKO Visa Prepaid Card”
allows customers to buy and load cash on the card to shop online, make
purchases in the 28 million merchant outlets where Visa cards are
accepted and withdraw cash from 1.4 million ATMs in more than 200
countries worldwide. Additionally, Raiffeisen Bank customers will have
the ability to top up IPKO mobile minutes from their mobile phones as a
feature offered with the Raiffeisen Bank Visa Prepaid Card, which
Raiffeisen Bank is also launching in Kosovo.

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BankServ and Canon Integrate Deposit Solutions

E-payment provider BankServ has partnered with Canon U.S.A to offer “DepositNow” remote deposit capture solutions.
“DepositNow”and Canon’s “imageFORMULA P-150” mobile personal scanner, BankServ and Canon U.S.A. bring
to market a compact, affordable deposit solution. Using nearly any computer with an Internet connection, in any location,
individuals and businesses can quickly scan checks using their portable
Canon imageFORMULA P-150 personal scanner and securely deposit their
funds through DepositNow to any checking account in the U.S. all
without setting foot in a bank. Canon’s new P-150 personal scanner is
small enough to fit inside a briefcase or laptop bag and measures only
11-inches long, 3.7-inches wide and 1.6-inches high. Powered by a single
USB connection, the imageFORMULA P-150, with its automatic document
feeder, can scan full-size documents, business cards and checks in one
pass. The versatile, multi-function scanner retails at just $295.

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Fiserv’s Financial Segment Q3 Margin Soars 310BPS

Fiserv reported that third quarter revenues declined 4.4% to $992
million, compared to 3Q/08. However, net income rose 47% to $115
million. The financial segment operating margin increased 310 basis
points in the quarter to 29.6% through improved business mix, ongoing
cost efficiencies, and strength in the account processing business.
Fiserv signed 85 electronic bill payment clients in the quarter and a
total of 294 clients in 2009. Additionally, the company added 58
EFT/Debit clients in the third quarter and 164 clients so far in 2009.
Fiserv launched “Acumen,” a new global core account processing solution
for the U.S. large credit union market. During the quarter, Citi Prepaid
signed an agreement with Fiserv to provide millions of prepaid cards
including plastic manufacturing, personalization and fulfillment
services. Also, GreenChoice Bank, a Chicago-based de novo financial
institution, selected Fiserv as its technology partner. The company
expects adjusted internal revenue growth in the fourth quarter to be in
a range of 0% to 2%. For complete details on Fiserv’s third quarter
performance visit CardData (www.carddata.com).

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TSYS Revenues Up 5% from Q2 Despite Exchange Rates

TSYS reported third quarter revenues of $432.3 million, up 4.9% from the prior quarter, but down 1.6% from the year-ago quarter due to foreign currency exchange rates. Nevertheless, the processor says it has been accumulating cash for expansion, adding $76 million in the quarter and $209 million year-to-date to $420 million. For North America Services total revenues were down 8.2% for the quarter to $262 million. International Services revenues slipped 2.2% to $86 million. However, Merchant Services revenue soared 26% to $94 million. For North America Services operating income was down 3.9% for the quarter to $61 million. International Services operating income declined 2.2% to $10 million and Merchant Services operating income increased 2.2% to $17 million. TSYS recently formed TSYS Program Solutions to provide turnkey credit card programs for regional and community financial institutions. For complete details on TSYS’ third quarter performance visit CardData (www.carddata.com). (CF Library 10/14/09)

TSYS REVENUE
3Q/08: $500 million
4Q/08: $439 million
1Q/09: $409 million
2Q/09: $412 million
3Q/09: $432 million
Source: CardData (www.carddata.com)

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VISA & OLYMPICS

Visa has announced in Moscow it will extend its “Olympic Games”
sponsorship for a period of eight years. This ensures Visa will remain
the exclusive payment services sponsor and the only card accepted at the
four “Olympic Games” that follow “London 2012 Olympic Games,” including
the “2014 Olympic Winter Games” in Sochi, Russia, the “2016 Olympic
Games” in Rio de Janeiro, Brazil, and the “2018 Olympic Winter Games”
and the “2020 Olympic Summer Games.” Over the past twelve “Olympic
Games,” Visa has utilized its sponsorship to increase its global brand
leadership, grow Visa transaction volume, expand acceptance in new and
emerging markets and enhance preference for its products and services.
Additional benefits under the new agreements allow Visa to offer clients
and cardholders expanded POS presence, exclusive acceptance programs for
Olympic-related transactions and increased access to unique marketing
programs.

Details

SEPT LEI

The Conference Board “Leading Economic Index” for the Euro Area increased 1.2% in September to 100.6, following a 1.8% increase in August and a 1.7% increase in July. Seven of the eight components contributed positively to the index this month. The “LEI” for the Euro Area has increased by 9.6% during 2009 after falling more than 15.0% between June 2007 and December 2008. Meanwhile, The Conference Board “Coincident Economic Index” for the Euro Area, a measure of current economic activity, declined by 0.1% in September, falling to 101.7.
The Conference Board currently produces leading economic indexes for
nine other individual countries, including the U.S., the U.K., Germany,
France, Spain, Japan, Australia, Korea and Mexico.

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Recycled and Recyclable Gift Cards are Introduced

ABnote North America and Earthworks have teamed to develop a gift card
that is both recycled and recyclable. Half Price Books, the nation’s
largest new and used bookstore chain, will be the first to implement the
truly recycled card program. After the gift cards are fully redeemed by
its customers, Half Price Books will collect the used cards, send them
back to Earthworks where they will be ground and re-processed into
sheets, and then shipped back to ABnote North America for printing and
conversion into gift cards once again. Along with Half Price Books
collecting the cards, OH-based Earthworks enables the process by having
the “EARTHWORKS SYSTEM Recyclable Content Identifier” on the cards.
Earthworks manufactures and markets 100% recycled and recyclable PVC
sheet material for plastic card applications. Half Price Books has 100
retail locations in 16 states.

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EURONET 3Q/09

Euronet Worldwide posted third quarter consolidated revenues of $264.8 million, down 5.7% from the year ago quarter, impacted by currency exchange rates. However, transactions rose 7.8% year-on-year to 387.3 million, compared to 3Q/08. For the EFT Processing Segment revenues were $50.9 million, compared to $54.4 million for the year ago quarter. EFT transactions hit 188.4 million, compared to 174.2 million for 3Q/08. The EFT Processing Segment ended the third quarter with 9,473 ATMs operated compared to 10,384 ATMs at the end of the third quarter 2008, and an increase of 137 ATMs from the second quarter. The Prepaid Processing Segment reported revenues of $153.6 million, compared to $166.8 million for 3Q/08. Transactions were 194.4 million, compared to 180.4 million for the third quarter of 2008. The Prepaid Processing Segment processes electronic point-of-sale prepaid transactions at approximately 475,000 point-of-sale terminals across approximately 234,000 retailer locations in Europe, Asia-Pacific, the Americas and the Middle East. The Money Transfer Segment reported revenues of $60.3 million, compared to $59.5 million for the third quarter of 2008. Transfer transactions were 4.5 million, compared to 4.3 million for the third quarter 2008. For complete details on Euronet’s third quarter performance visit CardData (www.carddata.com).

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