First Data to Process for Microsoft

First Data has inked a multi-year agreement to provide global merchant processing to Microsoft including its online consumer and business clients. FDC will also provide risk management services to MS. Microsoft says the partnership will enable the software giant to deliver a seamless billing experience to customers, regardless of where customers might purchase its products and services. First Data currently serves 4.6 million merchant locations, 1,600 card issuers and millions of consumers worldwide.

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EURONET 1Q/06

Electronic payments provider Euronet Worldwide posted revenues of $147.0 million for the first quarter, a 25% jump over 1Q/05. Net income more than doubled to $9.4 million, compared to one-year ago and expanded by 11% sequentially. The EFT Processing Segment posted first quarter revenues of $29.9 million, a 25% gain over the first quarter of last year. The EFT Processing Segment processed 103.1 million transactions in the first quarter compared to 77.3 million transactions for 1Q/05. The segment completed the quarter with 7,613 ATMs owned or operated, compared to 6,201 ATMs at the end of the first quarter 2005. The Prepaid Processing Segment reported 1Q/06 revenues of $111.0 million, a 24% increase over the year-ago quarter. Total transactions processed by the Prepaid Processing Segment in the first quarter were 96.4 million, compared to 67.2 million prepaid transactions processed in 1Q/05. The Prepaid Processing Segment processes electronic point-of-sale prepaid transactions at more than 242,000 point-of-sale terminals across more than 134,000 retailers in Europe, Asia Pacific and the USA. For complete details on Euronet’s first quarter performance, visit CardData (www.carddata.com).

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EDB To Operate Card Solutions For Teller

Teller AS has signed a two year agreement with EDB Business Partner to
buy software and operating services for its card activities with a total
contract value of NOK 46 million. The agreement provides for EDB to
deliver solutions for receiving and processing card transactions,
“MultiAcquring”, and for Teller’s archiving system and EDB will also be
responsible for the operation and future development of Teller’s core
system. The agreement also includes network solutions and security
solutions for smart cards (EMV). EDB Business Partner is an IT group in
the Nordic region with assets of NOK 4.8 billion. Teller provides
access to the global payment systems of VISA and MasterCard.

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NCR Adds Cisco Executive to its Board

NCR has named Gary Daichendt, a former Cisco Systems executive, to its board of directors. Daichendt served as executive vice president of Cisco Worldwide Operations with global responsibility for sales, distribution, manufacturing and strategic alliances. Before joining Cisco, Daichendt spent eight years at Wang Laboratories in positions of increasing responsibility, the majority as vice president of the company’s central operations and vice president of worldwide marketing. He holds a master of science degree in mathematics from Ohio State University and a bachelor of arts degree in mathematics from Youngstown State University.

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Portfolio Recovery Up 27% in Q1

VA-based Portfolio Recovery Associates reported net income of $10.7 million for the first quarter, about 20% higher than one-year ago. Total revenue increased 27% to $45.3 million for the quarter. The Company purchased $3.87 billion of face-value debt during the first quarter for $16.2 million. Cash collections rose 22% to $58.5 million in the quarter. The Company also noted that it repaid the $15 million that had been outstanding on a line of credit at year-end 2005. For complete details on Portfolio Recovery Associates latest performance, visit CardData ([www.carddata.com][1]).

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

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Euronet’s Q1 Revenue Jumps 25%

Electronic payments provider Euronet Worldwide posted revenues of $147.0 million for the first quarter, a 25% jump over 1Q/05. Net income more than doubled to $9.4 million, compared to one-year ago and expanded by 11% sequentially. The EFT Processing Segment posted first quarter revenues of $29.9 million, a 25% gain over the first quarter of last year. The EFT Processing Segment processed 103.1 million transactions in the first quarter compared to 77.3 million transactions for 1Q/05. The segment completed the quarter with 7,613 ATMs owned or operated, compared to 6,201 ATMs at the end of the first quarter 2005. The Prepaid Processing Segment reported 1Q/06 revenues of $111.0 million, a 24% increase over the year-ago quarter. Total transactions processed by the Prepaid Processing Segment in the first quarter were 96.4 million, compared to 67.2 million prepaid transactions processed in 1Q/05. The Prepaid Processing Segment processes electronic point-of-sale prepaid transactions at more than 242,000 point-of-sale terminals across more than 134,000 retailers in Europe, Asia Pacific and the USA. For complete details on Euronet’s first quarter performance, visit CardData ([www.carddata.com][1]).

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

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The Bargain! Shop Deploys Trintech’s ReconNET

The Bargain! Shop has selected Trintech’s “ReconNET” to automate the
verification and reconciliation of its cash, checks, debit and credit
cards, and disbursements to enable The Bargain! Shop to manage complex
transactions efficiently and reduce opportunities for error. The
Bargain! Shop Holdings operates over 145 general merchandise retail stores across Canada. Trintech Group is a provider of transaction reconciliation and payment infrastructure solutions to retailers, financial institutions, payment processors and network operators globally.

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RSA Security Buys PassMark for $45MM

RSA Security this week acquired privately-held PassMark Security for $44.7 million. PassMark’s solutions include a two-factor authentication solution that authenticates each user to a Web site based on a password and specific positive device forensics and at the same time authenticates the site to the user with visual images. PassMark also offers a voice-based biometric authentication system. The deal includes $9.0 million in cash and the issuance of approximately 2.0 million shares of RSA Security stock. RSA also appointed PassMark co-founder Bill Harris to its board.

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NCR to Intro Two-Sided Receipts

Next week, NCR will introduce two-sided thermal receipt printing. The first new products include the industry’s only two-sided POS receipt printer, the “NCR RealPOS 7168,” and NCR two-sided thermal receipt paper. The printer can print in combinations of black on one side of the receipt with black, red or blue on the other side with no additional cost for the paper or the printer. The Company is also offering technology licenses to other printer and paper manufacturers. NCR says its product will be available in the third quarter of this year.

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Cetelem Processing to use VisionPLUS

First Data International announced that Shanghai-based Cetelem Processing Services
has signed an agreement to use First Data’s “VisionPLUS” processing
solutions. Under the terms of the agreement, First Data will provide
its processing solutions to supplement Cetelem’s specialized proprietary
systems designed for its alliance partners engaging in consumer lending
such as credit cards including China Unionpay cards, Visa and MasterCard
services and unsecured and installment loans. First Data will leverage
VisionPLUS as a comprehensive solution to support Cetelem’s credit
cards, consumer loans and related processing needs. In 2002, First Data
International established a presence in China with
the launch of its Shanghai data center. The company now serves 13
clients throughout the region. Cetelem is a provider of financial
institution in consumer finance in with a presence in more than 20
countries.

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