Fiserv’s Third Quarter Revenues Rise by 14%

WI-based Fiserv reported that third quarter revenues increased 14% to $1.16 billion. The “Financial” segment 3Q/06 operating income was up 16% to $165 million. Fiserv “Electronic Funds Transfer” had strong sales results with 48 new clients signed in the quarter, bringing the total for the year to 159 new clients. The “Fiserv Clearing Network” added 81 new clients in the quarter and a total of 205 clients in 2006. During the quarter Fiserv completed two acquisitions, The Jerome Group, a full-service direct marketing firm and digital print provider, and InsureWorx, a provider of core processing software solutions for workers. The company updated its full-year 2006 continuing operations earnings estimate to be within a range of $2.51 to $2.54 per share, from its previously communicated guidance of $2.48 to $2.54 per share. For complete details on Fiserv’s third quarter performance, visit CardData ([www.carddata.com][1]).

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

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Transaction Management to Load the noboCARD

No Borders has signed an agreement with Transaction Management to provide loading capabilities at merchant payment locations for its “noboCARD.” The noboCARD(TM) is the No Borders prepaid reloadable debit card product for the unbanked and migrant community which is scheduled for deployment during the fourth quarter of this year, pending regulatory approval of certain specific card features. No Borders, Inc., a Nevada Corporation, is in the business of providing financial services and products that include a debit and stored value card platform through which a variety of financial and commercial services and products can be offered to residents of developing countries and to immigrants from those countries who reside in the United States and send money back home on a regular basis. Transaction Management, LLC is a leading electronic payment services company providing electronic transaction services and walk-in payment services to a nationwide market.

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InComm to Market Bear Buck$ Gift Cards

Build-A-Bear Workshop, with 255 locations worldwide, has inked a “Bear Buck$” gift card deal with Atlanta-based InComm. Gift Cards are the most requested gift items for birthdays, Christmas and other gift occasions, and Build-A-Bear Workshop is extremely popular among children of all ages. InComm and its retail partners will make it easier than ever for consumers to purchase Bear Buck$ gift cards for Build-A-Bear Workshop. InComm is an innovator in prepaid products and point-of-sale technology specializing in retail prepaid services, subscriber services and payment solutions that are changing the way consumers purchase. Build-A-Bear Workshop, Inc. is the only global company that offers an interactive make-your-own stuffed animal retail-entertainment experience.

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Pay By Touch Launches the Rapid Enroll Kiosk

San Francisco-based Pay By Touch has launched the “Rapid Enroll Kiosk” to provide Internet enrollment for loyalty and rewards programs. With the new in-store, Internet-enabled enrollment kiosks, customers can sign up quickly, accurately and securely using an integrated ‘phone number look-up’ application. The Rapid Enroll Kiosk offers multiple financing options available for retailers of all sizes. Pay By Touch Personalized Marketing can create custom reward and loyalty programs for retailers with no established program or under-performing programs in need of revitalization. Pay By Touch (http://www.paybytouch.com) is wowing the world one touch at a time as the leader in biometric authentication, personalized marketing and payment solutions.

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NOVA Selects Vx 610 for Sprint Nextel CDMA

NOVA Information Systems has selected the VeriFone “Vx 610” portable payment solution with which to supply merchants wireless payment transactions utilizing Sprint Nextel’s “CDMA” service. VeriFone’s Vx 610 delivers blazing performance, high-end functionality, and exceptional ease of use – without tying customers to a fixed location. The Vx 610 is powered by a 32-bit processor to securely handle multi-application needs swiftly, and its modular design provides true investment protection, allowing easy adaptation to new technologies and alternate communications protocols. NOVA Information Systems, a leader in the payment processing industry is a wholly owned subsidiary of U.S. Bancorp. VeriFone Holdings, Inc. , a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow.

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Euronet’s Prepaid Sets a New Record in Q3

KS-based Euronet Worldwide’s reported that for the first time that the number of “Prepaid Processing” transactions processed exceeded the number of its EFT transactions. The Company posted third quarter revenues of $161.7 million, an 18% increase over 3Q/05. Net income also rose 17% to $10.4 million, compared to the third quarter 2005. “EFT Processing” posted revenues of $33.2 million, compared to $26.3 million for 3Q/05. Transactions processed were 119.1 million, compared to 94.4 million transactions in the same period last year. The EFT Segment completed the quarter with 8,419 ATMs owned or operated. “Prepaid Processing” reported revenues of $121.2 million, compared to $107.7 million for the third quarter of last year. Transactions processed were 121.9 million, compared to 94.6 million transactions in the third quarter 2005. The “Software Solutions” segment produced revenues of $7.3 million for the quarter. Combining all segments, transactions processed in the third quarter 2006 were 241.0 million compared to 189.0 million processed in the third quarter of 2005. For complete details on Euronet’s latest results visit CardData ([www.carddata.com][1]).

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

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Wells Fargo’s Card Outstandings Soar by 27%

Wells Fargo Card Services and Wells Fargo Financial Bank reported third quarter outstandings of $12.05 billion, a 27% increase over the same period one-year ago. Third quarter volume for Wells Fargo Financial Bank nearly doubled to $1.05 billion. Volume rose 18% for Wells Fargo Card Services to $6.2 billion. At the end of the third quarter, Wells Fargo Financial Bank had 1,032,458 active accounts. Wells Fargo Card Services had 3,972,257 active accounts. Wells reported that charge-offs for the third quarter dipped to 3.38%, compared to 3.89% one-year ago. Wells also reported that it had 8.3 million active online customers, up 17% from prior year and 4.4 million bill payment and presentment customers, up 46% from prior year. For complete details on Wells Fargo Card Services and Wells Fargo Financial Bank third quarter results, visit CardData ([www.carddata.com][1]).

Issuer 3Q/06 3Q/05 CHANGE
WF Card Services (IA) $8.54b $7.33b +17%
WF Financial Bank (SD) $3.51b $2.19b +60%
Total $12.05b $9.52b +27%
Source: CardData (www.carddata.com)

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

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OBERTHUR 3Q/06

Paris-based Oberthur reported that third quarter revenues increased slightly to 124.2 million euros. During the quarter Oberthur delivered 68 million microprocessor cards, breaking the record of 58.7 million cards set in the second quarter of this year. In the “Payment & Services” segment, Oberthur delivered over 17.7 million microprocessor cards during the period, a 17.8% increase compared to 2Q/06. Sequentially, revenue grew 12.0% to 24.5 million euros. Sales in the “Other Cards” segment (magnetic stripe cards, scratch cards and memory cards) hit 16.3 million euros, a 12.7% decrease on a year-on-year basis. This is mainly due to the expected decline of magnetic stripe cards in line with the EMV migration in Italy & Spain. For complete details on Oberthur’s third quarter performance, visit CardData (www.carddata.com)

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Peppercoin Adds Two Trendy Mass. Retailers

MA-based Java’s Brewin’ and Tech Superpowers have selected Peppercoin’s small payments platform. To reach the broadest set of potential customers, Java’s Brewin’ and Tech Superpowers will deploy Peppercoin’s credit and debit card-based loyalty solution this quarter in order to reward customers for coming back more often and spending more with their preferred credit or debit card when they do. Peppercoin enables single-swipe enrollment to encourage customer adoption. Peppercoin is a small payments technology company transforming routine card transactions into new revenue opportunities.

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Chase Launches optionsXpress Platinum VISA

Chase Bank USA, d/b/a First USA, has inked a multi-year cobranding credit card deal with Chicago-based optionsXpress Holdings. The new “optionsXpress Platinum VISA” offers points toward cash deposits in the cardholder’s brokerage account. Cardholders earn one point for every dollar spent on net retail purchases. For every 1,500 points earned, cardholders can redeem for a $15 deposit to their optionsXpress brokerage account. “optionsXpress” was ranked as the top online securities broker by Kiplinger’s Personal Finance in 2006 and by Barron’s in its last four annual surveys.

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AmEx’s Gift Card Web Site Boosts Card Limits

American Express has raised its limits on gift card purchases by corporations and small businesses. The AmEx “Gifting Solutions for Business” Web site now offers “AmEx Gift Cards” up to $15,000 or 600 cards, up from previous limits of $5,000 or 50 cards. For purchases above this amount AmEx directs prospects to American Express Incentive Services. To encourage corporations and small businesses to use the gift card Web site, AmEx is offering a promotional purchase price of $2.95 per card through December 3rd, to online customers using the promotional code 98AB3O3X at the time of purchase. Standard shipping charges apply.

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Card Statements Not Synching Up with Gen X

A new poll shows that retirees find the information on their credit card statements to be more accessible, on average, than younger consumers. The research by Auriemma Consulting Group also found that consumers younger than 25 are challenged to get information from their credit card statements. As age of the respondent increases, so does satisfaction with card statements. Also, those without college degrees find their statements more user friendly than those with more education. About 72% of consumers who had not transferred a balance in the preceding 12 months rated statements as very easy to read whereas only 62% of those who had transferred balances said the same. Card users making four or more purchases a month rated summaries of monthly or annual usage lower than light users, with 67% of the former saying their statements provide clear summaries vs. 74% of the latter.

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