GPN Credit Services Opens its Card Business

Global Payments Credit Services has registered with the Russian State
Register of Credit Bureaus to provide credit bureau services in the
Russian Federation and also announced agreements with VimpelCom, a
telecommunications firm operating in Russia under the brand name Beeline
and INVESTSBERBANK, a private Russian bank. GPCS currently has contracts
with nearly 40 Russian financial institutions. Global Payments Credit
Services LLC is a joint venture between Global Payments Europe, a.s.
and Home Credit & Finance Bank of Russia.

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First Data’s Profit Stays Flat in Q1

First Data reported this morning that first quarter net income was flat year-on-year even though total revenues increased 10% to more than $2.7 billion. Western Union generated revenue of $1.1 billion, a 16% increase from 1Q/05 and an operating profit of $337 million, up 13% year-over-year. Commercial Services reported Q1 revenue of $934 million, up 9%, and an operating profit of $214 million. Financial Institution Services revenue was $445 million, down 5% and operating profit was $84 million, down 4%. First Data International generated revenue of $264 million, up 24% and operating profit was $29 million, up 35%. Integrated Payment Systems revenue was down 8% to $30.3 million and operating profit was down 59% to $4.4 million. As of March 31st, accounts on file were 425.7 million domestic and 46.8 million international. Of the card 472.5 million accounts on file, 93.7 million were bank card accounts, 264.4 million were retail accounts and 114.4 million were debit accounts. For complete details on FDC’s first quarter performance, visit CardData ([www.carddata.com][1]).

FDC NET INCOME
1Q/05: $374.5 million
2Q/05: $391.9 million
3Q/05: $421.5 million
4Q/05: $397.9 million
1Q/06: $373.7 million
Source: CardData (www.carddata.com)

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

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Austin Logistics Expands Into UK and Europe

Austin Logistics is increasing its presence in the UK and Europe as global markets and market trends in risk, collections and retention increase demand for the company’s predictive decisioning solutions worldwide. As part of the move to capture rapidly emerging opportunity and to provide in-market sales, service and help desk support, the company announced it is partnering with TDX Group, Nexcom Solutions and Geomant to sell, distribute and deploy its full line of predictive analytic-based solutions throughout the UK and Europe.

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CTL Powers the New RAKBANK Titanium MasterCard

RAKBANK has launched its new “RAKBANK Titanium
MasterCard” using Card Tech Limited technology. The card carries a
no-fee guarantee that provides its holders with multiple benefits
including a cash back incentive of up to 2% on all purchases made.
The cards are linked with extensive discount programs for healthcare
facilities, travel agents and restaurants. In 2000, RAKBANK in conjunction with CTL, launched a MasterCard and a VISA credit card linked with extensive discount programs for healthcare facilities, travel agents and restaurants. Card Tech Limited provides
payment association certified solutions. RAKBANK is the National Bank
of Ras Al-Khaimah.

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CyberSource’s TX Volume Up 43% in Q1

CyberSource reported that revenue in the first quarter increased 40% to $15.6 million compared to the same period last year. However, net income for the quarter was down slightly from 1Q/05 to $900,000. Transaction volumes increased to a record 196.4 million during the quarter, a 43% increase over the 137.7 million transactions processed in the same period last year. The company also added about 1,600 new customers in the first quarter. The company’s total customer count is now more than 14,000. During the quarter, the company announced the acquisition of BidPay.com, Inc. from First Data Corporation for $1.8 million in cash. For the second quarter the company projects total revenue to be $16.0 million. For complete details on CyberSource’s lates results visit CardData ([www.carddata.com][1]).

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

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FEB 06 DEBT

Credit card debt took a strong upturn in February, hitting a new high of nearly A$35 billion. During the past twelve months, credit card debt has increased 15% while credit card volume rose 10%. For February, credit card balances increased to A$34.7 billion following a record high of A$34.3 billion in December. One-year ago credit card debt stood at A$30.3 billion. Gross dollar volume on credit card and charge cards in February was A$14.2 billion, compared to A$12.9 billion one-year ago. Card credit limits reached A$93.6 billion at the end of February, compared to A$83.0 billion for February 2005. There are currently 12.7 million credit card and charge card accounts in Australia, compared to 11.7 million one-year ago.

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ACI Introduces SEPA Wholesale Payments

ACI Worldwide has introduced the “ACI Wholesale Payments System” for SEPA, a global payments processing engine. The SEPA project not only aims to improve the efficiency of cross-border payments but also aims to develop common instruments, standards, procedures and infrastructures to foster substantial economies of scale. As the back office processing engine, the “Wholesale Payments System” supports payment capture, enrichment, routing and settlement of bulk and individual real-time payments in a variety of configurations.

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Comerica and Elan Launch a Card Suite

Detroit-based Comerica Bank, in association with Elan Financial Services, has launched seven new credit cards including the “VISA Platinum,” “Select Rewards VISA Platinum,” “Cash Rewards VISA Platinum,” “Travel Rewards VISA Platinum,” “College Rewards/Young Adult VISA,” “VISA Signature,” and “MasterCard Small Business Credit Card” Comerica Bank is a subsidiary of Comerica Incorporated and reported total assets of $56.4 billion at March 31, 2006.

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Roots and Ernex Launch a Gift Card

Roots has introduced its electronic gift card program and is available at 130 retail locations across the United States and Canada. Technology for the gift card solution is provided by Ernex. Ernex
works with merchant customers to enable real-time promotions within
their gift card solutions, including “swipe n’ win” sweepstakes
programs, custom receipt coupons and custom receipt messages. Roots
recently activated 50,000 gift cards as part of a recent promotion
for American Express. Roots is Canada’s leading lifestyle brand,
offering a wide range of clothing, leather goods and accessories for men
and women. Ernex is a division of Moneris Solutions.

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HYC Intros a Universal RFID PIN Pad

Hypercom rolled-out its third new product for the week with the release of the first universal RF-enabled multi-application PIN entry device that meets the PCI security standards. The new “P4100 PIN Pad” supports MasterCard “PayPass,” American Express “ExpressPay,” and VISA “Contactless.” The PIN pad offers a high contrast graphical display with 320×240 pixel 64K full-color or 16-grayscale screen. It also has large, hard-rubber keys with color-coded Cancel, Clear and Entry keys. The device also integrates with VeriFone and Ingenico card payment terminals.

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Kentucky Joins the Futuretrust Program

The Kentucky Education Savings Plan Trust and Mothers Work have launched the “KESPT Futuretrust” cash rebate program wherein account owners receive cash rebates for purchases at more than 500 online stores. Account owners may also apply for a KESPT/Futuretrust MasterCard®, which may be used at millions of retail outlets to receive a minimum 1 percent cash rebate on all card purchases. KESPT is a state-sponsored, tax-advantaged 529 college savings plan administered by the Kentucky Higher Education Assistance Authority (KHEAA).

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