CyberSource 4Q/06 Revenues Leap by 40%

CyberSource reported that fourth quarter revenue climbed 40% to $20.9 million and that net income more than doubled to $12.5 million. During the quarter CyberSource signed over 1,800 new customers including: Abe’s of Maine, Iron Mountain Information Management, Next Day Blinds, Shell Global Solutions, Sonoco Products Company and the Smithsonian Institute. Net new customers added this quarter increased the company’s total customer count to over 18,000. Approximately 150 customers selected CyberSource for merchant acquiring account services during the quarter. The company now has about 1,400 acquiring customers. Also, CyberSource UK customers processed a record 39.5 million transactions in the fourth quarter. For the next quarter, total revenue is expected to be $20.6 million. For complete details on CyberSource’s fourth quarter results, visit CardData ([www.carddata.com][1]).

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

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Experian Introduces BizGo in the U.S.

Experian Group has introduced “BizGo”, a mobile application that provides instant access to critical business information. The “BizGo” application allows users to verify a company’s current information and check its overall credit standing from a Web-enabled cell phone, PDA or other hand-held devices. “BizGo” is powered by Experian’s commercial credit database of more than 19 million businesses. The mini-report provides high-level company data, including key facts such as a business’s address and phone number, the number of years in business, annual sales, SIC code and employee count – as well as information regarding bankruptcies, liens, collections or judgments. Reports are just $2.95 each, and clients can view the last 15 reports pulled for up to seven days from the purchase date.

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Fair Isaac’s Profit Rises 9%; Heads to China

Credit scoring king Fair Isaac posted fourth calendar quarter revenues of $208.2 million, a 3% gain over the prior year period. Net income rose more than 9% year-on-year to $31.2 million, due to some tax benefits. However, the Company says it is not satisfied with its rate of revenue growth as prior adjustments have been slower to take effect than anticipated. Scoring Solutions revenues decline 3% to $45 million in the quarter primarily due to a decrease in revenues derived from its “PreScore Service.” Strategy Machine Solutions revenues declined 1% to $111 million in the quarter due to a decline associated with mortgage, originations, and precision marketing products offset by an increase in revenues from fraud, customer management, and collections and recovery solutions. Professional Services revenues increased 17% to $38 million in the quarter. Analytic Software Tools revenues increased 20% to $14 million Fair Isaac expects revenues for next quarter to be approximately $215 million. The Company is still searching for a new CEO. Also, Andrew Cecere has stepped down as a board member, effective immediately, in order to devote more time to his new role at U.S. Bancorp. Additionally, Fair Isaac announced today that it is opening an office in China. For complete details on Fair Isaac’s latest results, visit CardData ([www.carddata.com][1]).

FAIR ISAAC REVENUE HISTORICAL
4Q/05: $202.8 million
1Q/06: $208.2 million
2Q/06: $207.1 million
3Q/06: $207.3 million
4Q/06: $208.2 million
Source: CardData (www.carddata.com)

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

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Shift4 and 1TouchSoftware Target Restaurants

Shift4 and 1TouchSoftware Solutions have partnered to offer payment processing for independent and multi-unit, quick- and table-service restaurants. Both companies leverage technologies and proven Internet architecture to help restaurateurs reduce the liability associated with holding sensitive credit card data while keeping them in compliance with the latest cardholder regulations. 1TouchSoftware Solutions is a provider of integrated enterprise restaurant management and marketing software solutions. Shift4 is a developer of secure financial transaction processing software and enterprise payment solutions for the hospitality, retail, foodservices, auto rental and e-commerce markets.

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American Express Elects Two New Board Members

American Express has appointed Richard C. Levin, President of Yale University, and Ronald A. Williams, Chairman, CEO and President of Aetna to its Board of Directors. Levin has been Yale’s President since 1993 and previously chaired the economics department. Williams joined Aetna in 2001 as EVP and Chief of Health Operations. He was named CEO and President in February 2006 and Chairman of the Board in October 2006.

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Small Business Economic Confidence Rebounds

Small business confidence in the American economy rebounded in January as owners reported substantially fewer cash flow issues. The “Discover Small Business Watch Index” came in at 114.3, nearly five points higher than December. Thirty-five percent said economic conditions in the U.S. are getting better, up from 31% in December. The percentage of owners who feel economic conditions are getting worse dropped to 46%, compared to 50% last month. Discover also found that 64% of small business owners say health-care costs have an impact on their ability to grow their companies. Sixty-seven percent of owners express that it is “very difficult” or “somewhat difficult” to obtain affordable health care for themselves and their employees. Thirty-three percent of small business owners who offer health care have considered discontinuing health-care coverage for themselves or their employees due to high costs. Seventy-four percent of all small business owners said that provide no health insurance to their employees.

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FDC Acquires STV Specialist and Teams with RBG

First Data has acquired Size Technologies, a provider of loyalty, value and transaction marketing solutions. This acquisition will enable First Data to offer to its participating clients access to loyalty features and functionality including couponing, consumer messaging, product-based rewards, customer relationship management and campaign management tools which can be offered at the point of sale, through printed messaging, mobile phone messaging, via the Internet and automated voice response tools. The new program has first been implemented through a relationship with Royal Buying Group, a national organization that implements vendor programs for its member base of over 5,500 convenience store and petroleum locations.

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Atos To Continue Landesbank Contract

Atos Worldwide has extended its contract with Landesbank Berlin.
The contract reflects Atos’ five year commitment to processing
Landesbank’s entire card portfolio. The portfolio covers 1.7 million
active credit and private label cards. In extending the contract, both
partners are continuing their almost 20-year business relationship to
carry out innovative joint projects in the future. Atos Worldwide is a
company of Atos Origin and is an international information technology
services company. Atos’ annual revenues are EUR 5.5 billion and it
employs over 47,000 people in 40 countries. Landesbank Berlin is
headquartered in Berlin and is the banking market share leader with
close to 50% of the customers in the region and a market leader in the
German credit
card business.

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Consumers Want Debit Card Overdraft Warnings

A new report has found that in-store debit card purchases that cause an overdraft cost $2.17 for every dollar borrowed. By comparison, check-triggered overdraft loans cost $0.86 per dollar borrowed. The study by the Center for Responsible Lending says some 61% of the 2,400 surveyed preferred that their debit card purchase be denied at the checkout if it would otherwise overdraw their account and incur a fee. Nearly all responded that they would cancel their ATM withdrawal to avoid a fee. The report, “Debit Card Danger,” analyzed the checking accounts of more than 5,000 customers of the nation’s 15 largest banks and found that debit card purchases and ATM withdrawals trigger 46% of high-cost overdraft loans.

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Discount Bank To Use Vasco Security

Vasco Security has announced that Uruguay’s Discount Bank is their
newest client. The Vasco “Digipass GO3” will be used to protect Discount
Bank’s private, online customers for generating both one-time and
static passwords. VASCO’s user authentication software is
delivered through Digipass hardware security products, which has sold 28
million products, establishing VASCO as a world-leader for strong User
Authentication. VASCO works with over 550 international financial
institutions, approximately 3,300 blue-chip corporations and governments
located in more than 100 countries. Discount Latin Bank America was
founded in 1958 and is now a subsidiary of IDB Bank of New York.

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