XINHUA FINANCE EZIDATA

Chinese consumer confidence fell by 1.4 points in April to a record low
of 94.9 on the China Consumer Confidence Index (CCCI). Additional
findings also show future expectations have fallen 0.5 points,
consumer confidence on business conditions five years from now rose 3
points to 150.9, overall sentiment among Beijing consumers down 3.5
points to 95.2, sentiment is up 2.9 points in April to 94.1 among
Shanghai consumers (with future expectations up by 6.1 points) and down
among Guangzhou consumers by 8 points to 88.3 for the month. The Xinhua
Finance eziData CCCI is produced monthly by eziData and was compiled
this month with 1,543 telephone interviews from April 1 to 17, 2008.
Xinhua Finance Limited (“XFL”) provides financial information and media
services through its offices and news bureaus in 11 countries worldwide
while eziData is a local provider of China consumer data.

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EURONET 1Q/08

Euronet Worldwide reported first quarter consolidated revenues of
$247.1 million, compared to $170.4 million for the first quarter 2007.
However, the Company also posted a net loss of $6.8 million, compared
to net income for the first quarter 2007 of $9.5 million.
Results for the first quarter reflect a seasonal reduction in
transactions following the higher transaction levels during the fourth
quarter holiday season. Absent unusual circumstances, we estimate that
each of the Company’s three business segments’ overall revenue is
approximately 5% to 10% lower during the first quarter of each year
compared to the fourth quarter of the previous year. The EFT Processing
Segment ended first quarter with 11,917 ATMs owned or operated compared
to 9,182 ATMs at the end of first quarter 2007. The Prepaid Processing
Segment processes electronic POS prepaid transactions at approximately
394,000 POS terminals across approximately 193,000 retailer locations in
Europe, Asia Pacific, Africa and the U.S. For complete details on
Euronet’s first quarter performance, visit CardData (www.carddata.com).

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BANK THE REST

Scotiabank has introduced its “Bank the Rest” debit card savings
program. With this program, customers using the ScotiaCard debit card
can choose to round up total purchase amounts made on the card to the
nearest dollar or five dollars and have the difference deposited
automatically into their Scotiabank “Money Master High Interest Savings”
account. This is designed to help customers save money faster
month-by-month with a high interest account and requires users to have a
Scotiabank checking or savings account, a Scotiabank debit card
(ScotiaCard), and a Scotiabank Money Master High Interest Savings
Account. Scotiabank has $449 billion in assets and over 60,000 employees
serving nearly 12.5 million customers in over 50 countries around the
world.

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Retail Decisions Hires a MC Executive

Card issuer Retail Decisions has hired Michael Caruana, previously with MasterCard, as VP of Sales. Caruana served as Vice President of Retail Markets for MasterCard Worldwide. A 25 year veteran in the payments industry, Michael’s experience also includes national business development for NYCE Corporation. Michael is a graduate of Canisius College in Buffalo, NY where he received a BA in Management. Retail Decisions (ReD) is a payment card issuer and world leader in card fraud prevention and payment processing. A specialist supplier to the payments industry worldwide, ReD has over 20 years experience in the fraud prevention market.

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Most Banks Concerned About Fraud Monitoring

Based on surveys of 13 U.S. banks and credit unions conducted between January and March of 2008 measuring fraud components and fraud management system requirements, 62% of the financial institutions were concerned with fraud monitoring. The findings also demonstrated enterprise case management tools and fraud management dashboarding ranked highest in priority for investment over the next 24 months while over 50% of institutions disclosed intentions to purchase, replace or upgrade case management solutions, or had recently done so. MA-based Aite Group released the findings of its study to examine the fraud management strategies of U.S. financial institutions today and industry expectations over the next three years.

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Branson MO Launches a Gas Buster Card

MO-based Branson Lakes Areas Chamber of Commerce is offering visitors a “Gas Buster” discount card worth $50. Between May 1 and Oct. 31, 2008, the Branson/Lakes Area Chamber of Commerce/CVB will give a Gas Buster discount card to anyone who presents a valid drivers’ license and a minimum of $40 in gas receipts incurred within 48 hours of their arrival at one of the Chamber’s two Welcome Centers. The card can be used for discounts on live shows, area attractions, lodging properties, retail shops and restaurants. Visitors signing up for the 2008 Gas Buster discount card will also have a chance to win a Grand Prize Getaway to Branson.

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VERSA CARD & MACKAY

Versa Card has acquired 100% of First Versatile Solutions Corporation
(“FVS”) from the MacKay Group Limited. The initial attempt at a Merger
Agreement was made in November of 2007, but was terminated in favor of
this Stock Purchase Agreement, which is now entirely complete.
Furthermore, with this development, the company has a new board of
directors, including James R. MacKay (Chairman), Zacarias Rivera and Dr.
William Donovan. Versacard smartcard provider has alliances with
prominent government, industry, and banking leaders across Asia
providing various card purposes while the MacKay Group is a privately
owned corporation focused on acquiring diverse and significant
opportunities around the globe.

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Euronet Worldwide Q1 Revenues Climb 45%

Euronet Worldwide reported first quarter consolidated revenues of $247.1 million, compared to $170.4 million for the first quarter 2007. However, the Company also posted a net loss of $6.8 million, compared to net income for the first quarter 2007 of $9.5 million. Results for the first quarter reflect a seasonal reduction in transactions following the higher transaction levels during the fourth quarter holiday season. Absent unusual circumstances, it is estimated that each of the Company’s three business segments’ overall revenue is approximately 5% to 10% lower during the first quarter of each year compared to the fourth quarter of the previous year. The EFT Processing Segment ended first quarter with 11,917 ATMs owned or operated compared to 9,182 ATMs at the end of first quarter 2007. The Prepaid Processing Segment processes electronic POS prepaid transactions at approximately 394,000 POS terminals across approximately 193,000 retailer locations in Europe, Asia Pacific, Africa and the U.S. For complete details on Euronet’s first quarter performance, visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

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Edgar Dunn Snags a Former VISA Exec

Payment consultants Edgar, Dunn has hired Ryan Yuzon, previously with VISA, as Manager. Yuzon held payments industry and consulting positions at Visa, BearingPoint, Andersen, and Risk Management Solutions. In these positions, he addressed strategic business issues regarding new payment products, business lines, investments and divestitures, worked on developing new payment options such as powered cards and personalized photo cards, and managed the creation of complex financial models for leading financial services clients. He holds a BA in Quantitative Economics from Stanford University, and an MBA from MIT’s Sloan School of Management.

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Asset Acceptance Capital Collections Rise

Asset Acceptance Capital reported a 4.6% improvement in cash collections and reduced operating expenses. However, total revenues declined by 4.4% versus the same period last year. The Company posted cash collections of $100.3 million in the first quarter, versus cash collections of $95.9 million in the same period of 2007. Total revenues declined to $64.4 million for the first quarter, compared to total revenues of $67.3 million in 1Q/07. During the first quarter, the Company invested $22.3 million to purchase charged-off consumer debt portfolios with a face value of $548.5 million, representing a blended rate of 4.07% of face value. This compares to the prior-year first quarter, when the Company invested $36.3 million to purchase consumer debt portfolios with a face value of $765.1 million, representing a blended rate of 4.74% of face value. For complete details on Asset Acceptance Capital’s first quarter performance, visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

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VOCALINK & IONA

VocaLink has implemented IONA Artix Data Services to reduce costs to its
client banks using the “VocaLink Euro Payment Service” for the migration
to SEPA payment processing standards. In doing so, Artix Data Services
will help VocaLink provide banks a cost effective payments modernization
solutions to support legacy and SEPA standards, providing an alternative
to the proprietary and centralized based approach of other integration
vendors with an open and standards-based development tool. VocaLink
automated payment platform processes over 90 million transactions daily
and over half a billion in a month with its platform network of over
60,000 ATMs while IONA Technologies provides high-performance
integration solutions for financial institutions around the world and is
headquartered in Ireland.

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Advanta Card Portfolio Stays Flat in Q1

Advanta reported first quarter net income of $18.4 million. Managed and owned net credit losses for the quarter were 6.43% and 6.53%, respectively. Managed receivables ended the quarter at $6.3 billion while owned receivables totaled almost $1.0 billion. New customers added were just over 67,000, and transaction volume was $3.4 billion. For complete details on Advanta’s first quarter performance, visit CardData ([www.carddata.com][1]).

ADVANTA’S CARD PORTFOLIO SNAPSHOT
Period Card Loans
1Q/07: $5.59 billion
2Q/07: $5.99 billion
3Q/07: $6.21 billion
4Q/07: $6.35 billion
1Q/08: $6.35 billion
Source: CardData (www.carddata.com)

[1]: http://www.carddata.com

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