Bankrate 1Q/09 Revenues Decline 10%

Bankrate says it will not be issuing guidance for 2009 as the
environment continues to provide limited visibility. Total revenue for
the first quarter was $38.3 million, down 10%. Online revenue for the
first quarter was $36.5 million, a decrease of 9%. Graphic advertising
and lead generation revenue was $25.4 million, a decrease of 4%.
Hyperlink revenue for the quarter was $11.0 million, a decrease
of 19%. Print publishing and licensing revenue for the first quarter was
down 23% to $1.9 million. However, page views for the first quarter were
199.5 million, a sequential increase of 21%. For complete details on
Bankrate’s latest results visit CardData ([www.carddata.com](http://www.carddata.com)).

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Merchants Implement Shift4 Technology

OR-based Bruce Carey Restaurants and Clamity Jae’s have elected to implement Shift4’s “MICROS” drivers to safeguard against data theft and to
alleviate issues associated with Payment Card Industry (PCI) compliance.
Shift4’s enhanced drivers for “MICROS 3700”, “8700” and “9700” POS systems use
Tokenization technology to replace real CHD in the files and logs of the
POS with a random alphanumeric “Token.” If a Shift4 driver is installed
on an older, non-compliant legacy system, the Shift4 driver removes the
previously stored data and makes it secure, thus bringing it into
compliance. If the Shift4 driver is installed on a newer, compliant
version, the system will further enhance security by removing all usable
CHD and preventing new CHD from ever entering the system. In addition to
enhanced “MICROS” drivers, Shift4 has interfaces with over 300 leading
POS/PMS systems that support CIRT technology.

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PAYPASS WATCH

Emirates NBD and Levant have launched a wrist watch equipped
with MasterCard’s “PayPass” contactless technology. The new watch will enable consumers to make purchases under AED 100 without the need for a
signature or PIN at select merchants within the UAE. Purchases exceeding
AED 100 will, however require a signature. Emirates NBD and MasterCard developed this watch in collaboration with LAKS, a well-known Austrian watchmaker and Austria Card, the leading supplier of smart cards and personalization services in Central and Eastern Europe. This limited edition Emirates NBD MasterCard “PayPass Watch” is being issued as a supplementary device to MasterCard credit cards. Emirates NBD was the first MasterCard customer in the UAE to launch a MasterCard “PayPass” card program in 2007.

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Discover Card Tops Brand Keys Index

According to the “2009 Brand
Keys Customer Loyalty Engagement Index”, Discover® Card ranked No. 1
in customer
loyalty among leading credit card brands, Discover Card has won the
credit card category 12 years in a row. Brand Keys’ methodology identifies the most important drivers of
customer loyalty in a given product or service category. Drivers for the
credit card category include rates, fees and flexibility; rewards and
services; ease and speed of interactions; and protection and precision.
Researchers assemble a statistical combination of emotional values with
the rational rating of attributes that identify the bond between
consumers and a brand.

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Pipeline Data Names a New EVP/CFO

Pipeline Data has tapped Chris Anderson, previously with CheckFree, as its EVP/CFP. Anderson will be responsible
for all of the company’s financial and administrative operations,
including Finance, Accounting, Treasury, Tax, Human Resources, and
Investor Relations. While with CheckFree he was an integral part of
the Executive Management Team for the Software Division, during
which time the division experienced a period of unprecedented
international expansion, and revenue and margin growth. Before joining
CheckFree/Fiserv in 2005, Anderson served seven years as Chief Financial
Officer for London Bridge Group of North America, Inc., a global
software company which later was acquired by Fair Isaac Corporation.
Anderson is a Summa Cum Laude graduate in Managerial Economics
from the University of California and is a Certified Public Accountant.

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ACM Offers Free Online Bill Pay

ACM Payment Processing Solutions is offering free customized implementation of its “ONLINE BILL PAY”
product for a limited time and introducing its
new “no commitment” pricing with the lowest transaction fees
available today. With a zero investment users can have a customized template on their website enabling customers
to quickly and easily make payments at an extremely attractive
transaction rate. ACM also offers a broad range of additional payment services including: Check Guarantee, ACH Processing, ACH Processing and Guarantee(E-mmediate) and Credit Card Acceptance Program.

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Delego and Seven Principles Team

Canadian provider Delego Software and Germany-based Seven
Principles have teamed to create
global electronic payments solution for companies running SAP®
Software. The Delego solution has long been an international leader for
electronic payments in the SAP market and the addition of key
functionality enhancements from the GMAPay solution makes Delego the
best global choice for automating credit card transactions.

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KingsIsle Issues Wizard101 Gift Card

TX-based KingsIsle and 7-Eleven have launched a “Wizard101” gift card program. The $10 price point makes Wizard101 gift cards an affordable birthday gift, allowance treat, or a fun surprise for the in-game pet collector. With the new gift cards, players who don’t have a credit card will have
more independence in the way they spend small increments in the game,
whether they decide to unlock new areas of the game or purchase
equipment and accessories for their Wizard101 characters, such as wands,
treasure cards and holiday items. Each card offers a limited edition collectible pet available upon
redemption from one of four special sets: Protectors, Assistants,
Adventurers, and Heroes. Pets from these sets will give players better
powers such as increased accuracy, defense, damage, and a special spell
card that can be used during duels.

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Hypercom Revenues Increase 19% in 1Q/09

Leading payment terminal manufacturer Hypercom reported that net
revenue for the first quarter increased 19% to $83.6 million. Gross
profit for the first quarter was $24.3 million, compared to $19.6
million for 1Q/08. The company says revenue was abnormally low both as a
result of the period’s traditional seasonality and as result of poor
global economic conditions and exchange rate fluctuations. On a pro
forma basis, the revenue decline compared to the first quarter of 2008
was approximately 14.5%. During the quarter, Hypercom introduced the
“HyperSafe Remote Key System”; RDM Corporation selected Hypercom’s
“HBNet” to provide high speed transaction transport services; Hungary’s
GBC selected the “Optimum T4200” card payment terminals to expand
electronic payments in Hungary and other Central and Eastern European
countries including Romania, Croatia, Slovenia, Slovakia and the Czech
Republic; Singapore-based AXS selected the Company to provide a high
security end-to-end technology upgrade for AXS’ more than 560 automated
self-service kiosks and Smart Transaction Systems selected Hypercom’s
Mobile Network service to extend the reach of its gift and loyalty card
programs in the U.S. and abroad. For complete details on Hypercom’s
latest performance visit CardData ([www.carddata.com](http://www.carddata.com)).

HYPERCOM REVENUE HISTORICAL
1Q/07: $64.8 million
2Q/07: $67.5 million
3Q/07: $70.8 million
4Q/07: $89.5 million
1Q/08: $70.5 million
2Q/08: $125.4 million
3Q/08: $122.2 million
4Q/08: $121.6 million
1Q/09: $ 83.6 million
Source: CardData (www.carddata.com)

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Debit Card Direct Mail Takes-Off in Q1

A new consumer survey reveals 43% of adults say they’re using debit
cards more and credit cards less because of the recession. Another fifth
of Americans told Mintel they’re relying less on both debit and credit
cards as they reduce spending. Overall, 83% of survey respondents report
having changed their spending habits due to the economy. In the first
quarter, credit card issuers cut solicitations in half, reducing mail
volume 49% from the fourth quarter. Mintel Comperemedia estimates U.S.
card issuers sent fewer than 500 million offers in the first quarter,
the lowest quarterly total recorded since 2000. But, the number of debit
card mail offers nearly doubled from the fourth quarter, while checking
account solicitations grew by 29%.

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Pace of Deterioration Begins to Slow

U.S. consumers fell past due and defaulted on their credit cards at
record rates again last month, although the pace of deterioration showed
signs of slowing. Fitch’s “Prime Credit Card Chargeoff Index” increased
48 basis points to 8.89%, the second consecutive record high. Chargeoffs
have risen 18% since the beginning of this year and are now 44% above
year earlier levels. Fitch’s “Delinquency Index,” which tracks
receivables greater than 60 days past due, posted its fourth consecutive
record level rising to 4.44%. This reflects a increase of 11 basis
points, the smallest monthly increase in the last five months, during
which time delinquencies have risen 35%. Fitch’s “Monthly Payment Rate
Index” improved to 17.79% from 16.83%, primarily as a result of seasonal
normalization.

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