PLANET PAYMENT 1H/09

Planet Payment international payment and data processor has posted 1H/09
results with total revenue increased 49% and gross profit increased 64%.
The 1H/09 saw multi-currency revenue grow 40% to $14.1 million; processing revenue increase 69% to $7.1 million; gross profit increase 64% to $7.5 million; and EBITDA loss narrowed by 94% to $0.3 million. Meanwhile, the 2Q/09 revenue increased 20% to $10.9 million; multi-Currency revenue grew 46% to $7.8 million; processing revenue declined 17% to $3.1 million; gross profit increased 36% to
$3.9 million; and EBITDA managed to stay in the black with $0.1 million. The Company continued expansion both geographically and with new customers while delivering solid results in a challenging economic climate. Planet Payment settled transaction processing volumes increased 16% to $504 million Y/Y and increased multi-currency processing volumes 30% to $206 million Y/Y. For complete details on Planet Payment’s latest performance visit CardData (www.carddata.com).

Details

VISA INTL 2Q/09

Visa latest performance statistics show that Purchase Dollar Volume
(PDV) fell in every region in the first quarter, resulting in a 5.5%
worldwide decline. In the Asia Pacific region, Visa’s second largest
market, PDV fell for the first time, declining 7.8% to $147 billion
during 1Q/09. In the fourth quarter A/P PDV was up 2%, up 16% in 3Q/08,
up 22% in 2Q/08, and up 26.5% in the first quarter of last year. Canada
reported the latest quarterly decline of 22% to $32 billion for 1Q/09.
Latin America was off 9%, CEMEA was down 0.4% and the U.S. PDV declined
2.5%. Visa, Inc. does not include Visa Europe, a seperate entity. Visa
reports performance data on a one quarter delay. For complete details on
Visa’s latest performance visit CardData (www.carddata.com).

Details

Coinstar Revenue Up 43%; Inks a Kroger Deal

WA-based Coinstar posted a 43% increase in second quarter revenue of $314 million. Pre-tax income for the quarter was $12 million, compared with pre-tax income of $9.5 million in the second quarter of 2008. Earlier this week Coinstar announced an agreement with Kroger to expand the presence of its redbox fully automated DVD rental kiosks at stores the company operates nationwide. Redbox DVD kiosks are currently available at more than 200 Kroger locations, and more than 2,600 Kroger-operated supermarkets and convenience stores will feature the popular redbox DVD kiosks within the next year. Coinstar also says it is exploring strategic alternatives for its E-Payment and Money Transfer businesses. During the second quarter the Company’s E-Payment Services partnered with Aeria Games, Rixty, Spare Change and Wild Tangent online game companies to introduce its new line of prepaid digital entertainment products and was named a top prepaid performer in the “2009 Convenience Store Decisions” brand preference study. For 2009, management narrowed previous guidance for revenue and now expects revenue in the range of $1.225 billion to $1.300 billion. For complete details on Coinstar’s second quarter performance visit CardData (www.carddata.com). CF Library 3/26/09; 6/4/09)

Details

PenFed Visa Platinum Offers Back-to-School Promo

VA-based Pentagon FCU will reward 5% cash back for eligible back-to-school purchases on the “Visa Platinum Cash Rewards Card”. The special promotion runs through September 30th. The card has recently been recognized by numerous publications for its rewards which include 5% cash back on gas purchases, 2% cash back on supermarket purchases, and 1.25% cash back on all other purchases. Pentagon Federal Credit Union has more than 900,000 members and assets in excess of $13.5 billion, and provides worldwide service to Army, Air Force, Coast Guard, Department of Defense, and Department of Homeland Security personnel; members of the VFW; and others in the defense community and their families.

Details

ZONG M-PAYMENT

Serving as a milestone in Zong’s mobile payment growth, its frictionless
payment service for publishers of digital content has processed mobile
payments for 10 million unique users so far in 2009. Available in 19
countries across 100 carriers, Zong is adding new carrier partners in
Eastern Europe, Russia, Southeast Asia and South America. The
frictionless payment solution is designed to convert “shoppers” into
“buyers” at rates of up to 10 times greater than that of traditional
payment methods. Thanks to partnerships allowing coverage in over 30
countries, the underlying platform allows web publishers and game
developers access to reach over 1 billion mobile users, having processed
payments for 25 million total unique users since 2000. Zong is featured
in hundreds of top applications on popular social networks and online
gaming sites.

Details

SCM & WINDOWS 7

SCM Microsystems smart card readers now support Microsoft’s Windows 7
and Windows Server 2008 R2. Offering secure access, secure identity and
secure exchange solutions, SCM Microsystems readers also are compliant
with Windows Logo Kit 1.4 for certifying devices for Windows. The new
software drivers ensure users continue to use SCM smart card readers
without disruption and enhance the interoperability of its products. In
doing so, the organization supports Windows 2000, XP, Vista, Server
2003, Windows 7, Mac OS X and Linux to provide ease of use and to
protect users’ investments in smart card-based security programs.

Details

More Card Issuers Adopt FTEU Text Messaging

More credit card issuers are utilizing “Free-to-End-User” (FTEU) text messaging solutions for customers. “FTEU” text messaging is being used for fraud alerts, payment reminders, collections, application status updates and service notifications. MA-based SoundBite Communications says six credit card issuing banks have adopted its “FTEU” technology thus far. The solution is being used for one-way or interactive communications for customer support activities, insight into accounts and informational updates for relevant communications. A large U.S. bank recently completed a six-month study examining the impact of a multi-channel communications strategy on its collections practice and found a 10% boost in collections; a decrease in collection costs; a high return on investment; and an increase of customer service levels. The Company says its “SoundBite Intelligent Communications Platform” sends over a billion messages annually for collections, customer care and sales and marketing applications.

Details

PartnersFirst Launches the Husker Rewards Visa

Affinity card marketer PartnersFirst has been selected by the University of Nebraska to issue the
“Husker Rewards Visa”. The rewards program will offer a choice of 1% cash back, travel on any
air carrier with no blackout dates, exclusive University of Nebraska
sporting memorabilia, VIP experiences, or merchandise and gift cards
from major retailers. The program will have no late or over limit fees,
and no annual fee. The University
of Nebraska Alumni Association chose PartnersFirst because it is a
responsible card provider that will put the needs of the association’s
constituents first.

Details

BANGO PAYMENTS

Appealing to growing consumer demand and the popularity of smartphones,
which sold 38.1 million units in 1Q/09, Bango mobile payment and
analytics company has launched its Wi-Fi enabled “Wi-Fi on-bill”
operator billing for smartphones. Mobile operator payments deliver
significantly more successful transactions than traditional payment
methods on devices offered by Blackberry and iPhone. The Bango solution
delivers the operator “on-bill” payment to every mobile phone using
Wi-Fi connections, through which smartphones cannot typically connect to
operator gateways. Using the new payment solution, however, users are
directed to placing charges on their phone bill instead of credit card
payments. Subsequently, operators and content providers are allowed to
capture increased revenue.

Details

CSG Acquisition Drives TNS Q2 Revenue Growth

VA-based transaction communications specialist TNS reported total
second quarter revenue of $122.0 million, a 35% increase. However,
second quarter GAAP net income was $453,000, versus 2Q/08 GAAP net
income of $1.0 million. The results were driven the Company’s May 1st
acquisition of Communication Services Group, a former VeriSign business.
Revenue from the International Services Division decreased 22% to $33
million. Revenue from the Financial Services Division increased 5% to
$12 million. Revenue from the Telecommunication Services Division
increased $40 million to $57 million, due primarily to $42 million in
revenue from the CSG business. Revenue from the POS Division increased
2% to $20 million. TNS says it expects full year revenue to increase to
$478 – $486 million from $468 – $482 million. For complete details on
TNS’ second quarter performance visit CardData (www.carddata.com).

Details

Prime Factors and GEOBRIDGE Team for Security

Data encryption provider Prime Factors and data security consultant
GEOBRIDGE have formed a reseller partnership to target the payments
industry with complementary data security software and services. Prime
Factors is a provider of software that helps support
security requirements established by the card associations. Prime Factors’
“EncryptRIGHT” software meets Payment Card Industry (PCI) requirements
for encryption and key management. GEOBRIDGE’s consulting expertise
includes PCI assessments and Thales HSM
(Host Security Module) implementations. Prime Factors’ “Bank Card
Security System” works with the “Thales HSM 8000” to provide the
most secure environment to produce financial transaction cards and to
process transactions.

Details

Bottomline Technologies Acquires BofA’s PayMode

Payment technology provider Bottomline Technologies has acquired
Bank of America’s “Paymode” and will reposition it as an SaaS to enhance the payment network.
Bottomline Technologies will acquire the “PayMode” product,
operations and vendor network. In addition to continuing to market “PayMode”
to new clients, Bank of America will retain existing “PayMode” client
relationships and join Bottomline’s Strategic Advisory Council. The bank
will also have an equity interest in the company via warrants for one
million Bottomline shares. Bank of America and Bottomline will deliver next
generation solutions for integrated payables automation, enabling
businesses to capitalize on the two organizations’ shared vision for
automated business-to-business electronic invoice and payment processing
and remittance data delivery. With 80,000 vendors, “PayMode” is one of the
largest and fastest-growing business-to-business payments networks
operating today. The relationship will leverage Bottomline’s experience
with SaaS solutions including its advanced invoice management workflow,
global payment platforms and innovative cash management offerings used
by leading corporations around the globe.

Details