OCT DEBT

Credit card debt growth remained relatively flat again in October, rising a mere A$77 million to A$44.7 billion. However, credit card volume remains strong with a record of A$19.4 billion in October. Year-on-year credit card debt growth has slowed to 8.3%, compared to 8.5% in the prior month and 10.0% in June. Credit card volume took a surprise dip in August but rebounded strongly in September rising 18.5% higher than September 2007 and up 7.9% sequentially. For October credit card volume increased 3% year-on-year and 1% sequentially. Credit card limits reached a new high at A$122.5 billion, marking the 26th consecutive month of A$100+ billion. According to the Reserve Bank of Australia there are currently 14.3 million credit card and charge card accounts in Australia, compared to 13.8 million one-year ago.

Details

INSIDE & NFC

INSIDE Contactless has moved from Principal to Sponsor Member and joined the NFC Board of Directors.
INSIDE joins fellow Sponsor
members HP, MasterCard Worldwide, Microsoft Corp., NEC, Nokia, NTT
DOCOMO, Inc., NXP Semiconductors, Panasonic, Renesas Technology,
Samsung, Sony Corporation, and Visa Inc.
Since its founding in 2004, the NFC Forum has drawn market-leading
organizations from around the world to its membership roster as momentum
builds for the adoption and implementation of Near Field Communication
technology. Sponsor membership is the highest level of membership in the
NFC Forum, with each Sponsor member occupying a seat on the
organization’s Board of Directors and gaining the right to designate
individuals to run for offices. INSIDE Contactless is provider of in open-standard contactless
payment and NFC semiconductors and software.

Details

Off Portal Billing Comes to Mobile Carriers

WA-based PlayPhone and CA-based Billing Revolution have partnered to enable mobile phone subscribers through various wireless carriers to be able to access off-deck content with the added convenience of credit card information input once, and have all future purchases single-click enabled. PlayPhone gives consumers access to a new and exclusive media catalog spanning audio, video and gaming content from all four major music labels and their artists, game publishers and media companies such as SonyBMG, EMI, Disney, Vivendi, and Sony Pictures Entertainment, as well as a broad portfolio of text subscriptions. Billing Revolution’s proprietary technology helps merchants sell unused product in their inventory, for both digital and physical goods, and helps streamline fulfillment orders for merchants as well as the off-deck discovery process for consumers.

Details

QuickFlora and PayMover Integrated

Payment solution provider Payment Processing has
partnered with POS developer SunFlower Technologies to integrate the
“PPI PayMover” payment platform with
SunFlower’s “QuickFlora POS Shop Management System.” QuickFlora is a
SaaS retail
point-of-sale software package for florists and features
point-of-sale, general ledger, inventory control, accounts receivable,
accounts payable, order entry, purchasing, payroll, help desk, shopping
cart, PDA integration, VOIP integration and customizable reports. PPI
PayMover is an all-inclusive payment platform that can
be integrated with virtually any business application, hosted or
deployed. PPI PayMover streamlines software development time while
delivering a flexible, cost-effective and scalable solution. In 2008,
PPI is on track to process in
excess of $5 billion in Visa and MasterCard payments.

Details

S1 Corporation Names a New CFO

Payment solution provider S1 Corporation has tapped Paul Parrish,
previously with Infor Global Solutions, to serve as CFO.
Parrish served as Senior Vice President, Controller and Principal
Accounting Officer at Infor Global Solutions, a global enterprise
software company. Prior to this role, Mr. Parrish spent ten years at
the John H. Harland Company where he served in various roles including
most recently
as Senior Vice President of Finance, Information Technology and Chief
Financial
Officer of their Printed Products Division, and the Vice President and Chief
Financial Officer of their Software and Services Division. A certified
public accountant,
Parrish also spent more than 13 years at Deloitte & Touche.

Details

First Data Certifies Hypercom’s Optimum

First Data has Class A certified Hypercom’s high
security “Optimum T4210” and “T4220 PCI”
PED-approved card payment terminals. The First Data Class A certified terminals
feature dial-only, as well as Ethernet with dial backup connectivity,
and have been successfully implemented with leading banks, retailers and
independent sales organizations globally. The certification opens an
important sales channel for Hypercom’s devices through First Data’s
large customer base of more than 5.4 million merchant locations.

Details

V/MC Settlement Keeps Discover in the Black

Thanks to its recent settlement with Visa and MasterCard, Discover Financial Services posted a $646 million pre-tax profit for the quarter ended November 30th for its U.S. Card Segment. During the quarter Discover received an $863 million payment as the first installment of its $2.75 billion settlement of an antitrust lawsuit with Visa and MasterCard. The remaining proceeds in equal $472 million installments will be paid over the next four quarters. Fourth quarter managed loans hit $51 billion, up 6% from last year and 1% from last quarter. Discover says decreased consumer spending and balance transfer activity were offset by lower cardholder payments and growth in installment loans. Fourth quarter sales volume decreased 2% year-on-year to $22.0 billion. The managed over 30 days delinquency rate of 4.56% was up 71 basis points from the prior quarter, and 98 basis points from last year. The managed net charge-off rate increased to 5.48% for the fourth quarter, up 28 and 163 basis points, respectively, from last quarter and last year. Discover says it expects the managed net charge-off rate in the first quarter will exceed 6%. The Third-Party Payments segment transaction volume was a record $125 billion, up 36% from last year, reflecting the addition of Diners Club International volume of $13 billion, as well as increased volumes on the PULSE and Discover networks. Pretax income of $81 million was up $44 million from 2007 including $11 million related to Diners Club International, which was acquired in June 2008. Revenue increased $61 million due to increased volumes and fee revenues as well as a $28 million contribution from Diners Club International. Expenses increased $17 million due to the inclusion of Diners Club International. For complete details on Discover’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com)).

U.S. CARD PRE-TAX PROFITS
4Q/07: $320.8 million
1Q/08: $375.4 million
2Q/08: $309.1 million
3Q/08: $245.2 million
4Q/08: $646.4 million
Source: CardData (www.carddata.com)

Details

Schering-Plough Selects Citi C-Cards

Citi’s Global Transaction Services have been selected by Schering-Plough
to provide commercial cards. Citi offers
best-in-class reporting, wide acceptance and ability to integrate fully
with Schering-Plough’s internal payment and expense management systems which
will enable Schering-Plough to streamline its corporate, purchasing and
fleet expenses. Citi offers the
most widely accepted commercial cards available, with acceptance at 27
million merchant locations and 1.5 million ATMs in 140 countries.

Details

MINT & SILVERBACK

Prepaid product provider Mint Technology has entered into an agreement with
Silverback Media to introduce mobile payments. Mint’s customers
will initially have the ability to load their prepaid MasterCard or check
their balance using their mobile phone – easily and effortlessly.
Ultimately, the collaboration will result in the rollout of other mobile capabilities.
Silverback will provide the technology to manage all aspects of the mobile
connectivity and user-experience. As a MasterCard Member Service Provider, Mint works with business
partners to customize prepaid credit card programs that are tailored to meet a
company and its card holder’s needs.

Details

Credit Crunch Drives VeriFone’s Q3 Loss

VeriFone’s final report for the quarter ended October 31st
shows net revenues of $244.7 million, about 2.8% above the year ago level. However, the payment terminal manufacturer posted a $362.5 million net loss, compared to net income of $18.9 million for 3Q/07.
The Company says new store openings in North America are down significantly and many sales organizations are experiencing difficulties obtaining sources of credit. VeriFone says its international business increased 20% while net revenues from its North America business decreased 16%. The Company previously noted that since mid-September it has experienced higher-than-expected foreign exchange losses, volatility in exchange rates resulting in product costs, adversely moving faster than could be reflected in local-currency pricing. During the third quarter VeriFone released the “Vx 700” electronic payments module for kiosks, vending machines, ticketing devices and traditional cash based systems; launched a program to secure the implementation of the “PCI SSC Payment Application Data Security Standard”; appointed Robert Dykes, previously with NebuAD, as SVP and CFO; and was awarded a multi-million dollar contract by Cabcharge Australia to deploy 20,000 “Vx 810” systems for contactless payment acceptance in taxis across the entire Cabcharge fleet. The Company also filed amended and restated quarterly reports for the last two years. For complete details on VeriFone’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com)). (CF Library 8/15/08; 8/20/08; 9/4/08: 10/01/08; 11/03/08; 11/21/08)

REVENUE HISTORICAL
3Q/05: $130.5 million
4Q/05: $134.6 million
1Q/06: $142.2 million
2Q/06: $147.6 million
3Q/06: $156.6 million
4Q/06: $216.6 million
1Q/07: $217.2 million
2Q/07: $231.7 million
3Q/07: $237.9 million
4Q/07: $216.4 million
1Q/08: $185.5 million
2Q/08: $258.7 million
3Q/08: $244.7 million
Source: CardData (www.carddata.com)

Details

SNPY

Sino Payments has received clearance from the National Association of Securities Dealers to trade
on the Over the Counter Bulletin Board under the trading symbol SNPY.
Sino Payments is an Asian-based credit and debit card processing
merchant services company, which has developed an IP
processing network to provide credit and debit card clearing services to
merchants and financial institutions in China and regionally in Asia.
The primary focus of future development efforts will be the rapidly
growing Chinese credit and debit card market. Sino
Payments Global Payment Processing Platform was built and designed with
large Asian multinational retailers in mind so as to deploy the same IP
transaction processing capability for all stores spread out throughout
the Asia Pacific region.

Details