Pemco Technologies Signs a MO CU

MO-based River Region CU has selected Pemco Technologies for processing of its VISA “Platinum,” “Classic,” and “Affinity” cards. River Region Credit Union has been proudly serving its members since 1954. Pemco Technologies provides innovative payment solutions to the financial industry including credit and debit card processing, ATM acquiring and switching, cardholder award programs, fraud management, and gift card programs.

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Pay By Touch is Rated a Top Company

San Francisco-based Pay By Touch has been named to the “AlwaysOn AO100 List” as one of the top privately-held companies. The AO100 List recognizes the 100 most innovative and successful private firms in the United States based on market potential, customer adoption and investor value. Pay By Touch is the global leader of biometric authentication, personalized rewards, and payment solutions. The company’s patented biometric products and services enable shoppers to conveniently and securely access personal accounts using a finger scan to identify themselves, make purchases, cash checks, and earn rewards.

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ORCC and Corillian Ink a Reseller Deal

VA-based Online Resources and OR-based Corillian have expanded their referral arrangement to a multi-year reseller agreement wherein Corillian will offer ORCC’s bill payment and customer care services, providing its clients an integrated source for online banking and bill payment services. Corillian software enables online banking to an estimated 30 million consumers through its more than 120 bank and credit union customers. Online Resources provides bill payment and other web-based financial services to over 3800 clients through a variety of direct and distribution partnerships. Corillian is a market leader of online banking, bill payment and fraud prevention applications to the financial services industry.

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Debt Resolve Plans a Fall IPO

NY-based Debt Resolve, which holds a patent for an online bidding system for consumer debt, is planning its IPO for this fall and expects to raise $12.5 million. DebtResolve completed a $3.5 million interim note and warrant financing in June 2006. Debt Resolve, Inc. provides lenders, collection agencies, debt buyers and utilities a patented online bidding system for the resolution and settlement of consumer debt which can be used at all stages of collection and recovery.

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Global Payments Profit Up 32% in Q2

Atlanta-based Global Payments Inc. reported that revenues for the quarter ending May 31st increased 15% to $238.8 million. Net income for the quarter jumped 32% to $34.1 million. GPN says the growth was driven by its North American direct merchant channels and the DolEx-branded consumer money transfer channel. During the quarter Long Island-based EVO Merchant Services renewed its multi-year processing agreement with GPN for services including authorization, draft capture, settlement and BIN sponsorship. Also, NY-based Diversified Acquiring Solutions Sales signed a GPN deal for end-to-end processing services and an integrated gateway solution for its retail and restaurant merchants. Additionally, GPN signed an agreement with ACH Direct to provide front-end credit card authorization services and back-end settlement for MasterCard and VISA transactions. The Company notes it is making solid progress with its Asia-Pacific joint venture with HSBC. For GPN’s 2007 fiscal year, which is now underway, annual revenue guidance is set at $1,048 million to $1,084 million, or 15% to 19% growth versus $908 million in fiscal 2006. For complete details on Global Payments latest results, visit CardData ([www.carddata.com][1]). (CF Library 4/12/06; 5/12/06; 5/18/06)

GPN HISTORICAL
PERIOD REVENUES NET INCOME
2Q/05: $207.7mm $25.9mm
3Q/05: $224.5mm $31.3mm
4Q/05: $219.7mm $31.3mm
1Q/06: $225.2mm $30.1mm
2Q/06: $238.8mm $34.1mm
Source: CardData (www.carddata.com)

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

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Chase Contactless Cards Approach 7MM

Chase “blink” cards continue to drive the U.S. contactless payment card market as nearly seven million cards have been issued to-date. Chase was the first issuer to broadly offer contactless credit cards in the U.S., introducing “blink” last May. Cardholders in Connecticut, Colorado, Delaware, Florida, Georgia, New Jersey, New York, Pennsylvania and Texas now have “blink”-enabled Chase cards. Chase also offers “blink” rewards cards with partners such as the Los Angeles Dodgers, Regal Entertainment Group, Sheetz, Texas Rangers, Wawa, Southwest Airlines, United Airlines and Universal. Chase says its research shows the one-year old contactless card increases the average ticket sale for some merchants by 40% more than cash purchases, and reduces consumers’ average transaction time by 10% to 40%. (CF Library 5/19/05; 6/8/05; 8/30/05; 10/27/05; 1/11/06)

Chase blink Cards
Jun 05: 0.5 million
Jul 05: 1.0 million
Aug 05: 1.5 million
Oct 05: 5.0 million
Jan 06: 6.0 million
Jul 06: 7.0 million
Source: CardFlash Library

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Virgin and NetSpend Issue a Youth Card

Virgin Mobile and NetSpend have teamed to launch the “Stash Prepaid VISA Debit Card” for the youth market. The new card is linked to a Virgin Mobile phone, enabling users to earn free airtime as well as money transfers and wireless text alerts. The new card will be issued by Inter National Bank. Cardholders can load funds onto their “Stash” cards at NetSpend partner retail locations across the country and maintain up to a $10,000 balance. Virgin Mobile phones are available at more than 25,000 stores in the U.S., with “Top-Up” cards available at more than 100,000 locations nationwide. The Company has about four million customers. Virgin Mobile is a joint venture between Virgin Group and Sprint Nextel.

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Wincor to Offer Hypercom’s Optimum

Germany and Austin-based Wincor Nixdorf has signed a reseller agreement to bundle Hypercom terminals into its total solution package. Under terms of the deal, Wincor Nixdorf will provide Hypercom’s multi-lane “Optimum” payment terminals as a key part of its total solutions for grocery and c-stores, mass merchandisers, specialty retailers and QSRs in the U.S. The agreement follows certification of “Optimum” terminals for Wincor Nixdorf POS software. Both companies anticipate expanding the offering to global markets. Hypercom’s multi-lane terminals include the the “Optimum L4100,” “L4200” and “L4250.”

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Shell to Distribute 200K Gas Cards

After posting a second quarter profit of more than $7 billion, Shell Oil announced it will distribute 200,000 $10 “Shell Gas Cards” in the its “Million Gallon Giveaway” which starts today. The promotion will run through October 1st and will give away more than $2 million in free fuel including six grand prizes of a lifetime supply of free gasoline. The “Giveaway” is part of the $30 million marketing campaign Shell launched in June. Participating Shell stations will hand out scratch-and-win game cards. The sweepstakes is void in Maryland, New Jersey, Virginia and Puerto Rico.

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16% Plan to Use Card Rewards this Fall

Discover Card’s “Fall Shopping Survey” has found that 31% of consumers plan to spend $300 or more on essential fall items such as clothing, home decor, home office and school supplies, while 16% plan to spend $500 or more. Sixty-eight percent of consumers surveyed will pay for their fall purchases with cash or checks, while 31% will use credit cards. Sixteen percent plan to use their credit card rewards to pay for purchases. The survey also found that school supplies is the second most popular purchase after clothing, with 15% of consumers saying they will spend the majority of their fall funds on back-to-school gear.

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GCA Signs Columbia Sussex Casinos

Global Cash Access has signed a multi-year agreement with Columbia Sussex Corporation and its nine gaming establishments to utilize GCA’s “QuikCash” cash advance terminals. GCA offers a number of products and services, including ATM technology, cashless gaming products and marketing services that help casino patrons access cash and help gaming establishments better understand their patrons, and enhance their patron marketing activities. QuikCash(TM) cash advance terminals are customer-activated, touch screen terminals that provide casino patrons with POS debit card and credit card cash advance transaction options. Global Cash Access Holdings, Inc. (NYSE: GCA), is a leading provider of cash access products and related services to approximately 1,060 gaming properties and other clients in the United States, Continental Europe, the United Kingdom, Canada and the Caribbean.

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ComBOTS Selects GlobalCollect for Payments

Following its launch on July 13, a few thousand trend
scouts already have access to the revolutionary spam-free one to one
digital communication services of ComBOTS. Payments for ComBOTS tools
are processed through the customer friendly GlobalCollect payment
platform. ComBOTS Group selected GlobalCollect to process the ComBOTS
shop customer payments. ComBOTS has invented new personal digital
communication channels and tools enabling the use of characters and
animated illustrations that can be purchased online to personalise and
communicate emotions in real-time. The company’s “FriendlyWare” will be
released to the general public on September 1st, the first day of
the Internationale Funkausstellung in Berlin.

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