VeriFone Revenues Climb 21% in 4Q/05

VeriFone reported that net revenues for the quarter ending January 31st rose 21% to $134.6 million as profits more than doubled. The payment terminal manufacturer says the increase was driven by a 24% year-over-year gain in its international business. VeriFone’s net income for the quarter was $13.8 million compared to $5.8 million for the year ago period. During the quarter, VeriFone received one of the largest Indian orders in its history, winning a 50,000 unit order for “Vx 510” systems from ICICI. The Company also signed its first major contract with Mexico’s FIMPE association of banks and announced a major multi-year, multi-million dollar contract award from General Electric’s Retail Sales Finance Unit. VeriFone also unveiled its smallest and lightest fully-functional mobile handheld payment platform, the new, Wi-Fi equipped “Vx 670” during the quarter. For complete details on VeriFone’s latest performance, visit CardData ([www.carddata.com][1]). (CF Library 11/15/05)

REVENUE HISTORICAL
4Q/03: $ 87.9 million
1Q/04: $ 89.5 million
2Q/04: $104.0 million
3Q/04: $108.6 million
4Q/04: $111.3 million
1Q/05: $117.9 million
2Q/05: $125.7 million
3Q/05: $130.5 million
4Q/05: $134.6 million
Source: CardData (www.carddata.com)

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

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BenSoft FSA Debit Card Hits 100K

San Diego-based BenSoft reports it has topped 100,000 participants of its “RepayMe.com” automated reimbursement plan software for flexible spending accounts which includes a personalized debit card. RepayMe is the 100% Web-based software solution that provides an integrated real-time debit card option, online participant claim entry, employee self service, employer self service, and a business processing outsource (BPO) option for FSA/HRA/HSA management.

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GCA Adds 26 Clients for Cash Access

Global Cash Access recently signed 26 gaming establishments for its “Casino Cash Plus 3-in-1 ATM” and “QuikCash” cash advance terminals. The Casino Cash Plus 3-in-1 ATM offers patrons a quick way to access cash through ATM cash withdrawals, point-of-sale (POS) debit card transactions and credit card cash advances with patented 3-in-1 rollover functionality. One of GCA’s most popular ATMs, the Casino Cash Plus 3-in-1 ATM, provides convenience to casino patrons and revenue potential to casino operators. Available in kiosk, countertop, wall-mount, free-standing and handheld models, QuikCash terminals can be installed virtually anywhere in a gaming establishment.

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22% of Unbanked Consumers Use Plastic

A new study reveals that 22% of the 10.2 million Americans that do not have a bank account have used a credit card in the past three months. The research showed that VISA is the most widely used card among the unbanked and that store credit cards were more popular than Discover or American Express. NY-based Scarborough Research says its study also showed that 46% of these consumers are likely to be ages 18-24, 52% are and more than twice as likely to have an annual household income of $35,000 or less. Additionally, unbanked consumers are also more than twice as likely to be either black or Hispanic. Surveying more than 210,000 adults annually, Scarborough is a joint venture between Arbitron and VNU Media Measurement & Information.

UNBANKED CARD USAGE
VISA 13%
MasterCard 9%
Store 5%
Discover 3%
Gas 3%
American Exp 2%
Source: Scarborough Research

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ThinDisc Seeks an Intl Patent

Tulsa, OK-based EnXnet has filed for international patent protection for its “ThinDisc” technology which will support the upcoming launch of the “MoxyCard” and “SurfCard.” The ThinDisc is the same thickness as a standard credit card, thus it is easily read by existing credit card readers. ThinDisc offers issuers a unique stored value card that has audio and video capabilities to promote products and services. Issuers can now deliver store promotions, product promotions, printable coupons, sales campaigns, specials, services offered and other information about their company when they issue a stored value card. ThinDisc technology significantly multiplies the usefulness of these cards for both issuer and user.

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Bi-Directional Cash ATM Introduced

Cardtronics has partnered with Info Touch Technologies to offer a
hybrid ATM unit which is the result of combining a traditional, cash-
dispensing ATM with a cash-accepting financial services kiosk. A pilot program of the new ATM will be launched in select U.S. markets this spring. The partnership will also enable merchants to offer their customers the
functionality of an ATM and a broad range of other financial services
such as bill payments, wireless phone top-ups, long distance, gift card
purchases, stored value card
dispensing and stored value card reloading, all without requiring any
additional staffing or dedicated floor space beyond what is typically
needed for an ATM. Cardtronics will own and operate the new hybrid
ATMs, with Info Touch providing processing services for all functions
other than cash dispensing.

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Siemens To Continue Support of Lloyds ATMs

Siemens Business Services has secured a two-year extension to its
current contract to manage the support of Lloyds TSB’s 4,200 ATM
machines located across the country. Siemens provides a dedicated “Incident Management Desk” which provides first line support and contributes to the
reduction in engineering calls to all of Lloyds TSB ATM machines
throughout the country. Siemens Business Services maintains 6,500 of the ATMs in the United Kingdom.

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Parliament Passes the Bank and Credit Cards Law

The Turkish Parliament has passed “The Bank and Credit Cards Law.”
Under the new rules credit card issuers would be required to base credit
limits on the consumer’s financial circumstances. The total credit card
line cannot exceed double the cardholder’s monthly average net income
for the first year and not to exceed four times the income for the
second year. Overlimit fees are prohibited. Automatic credit
increases are also prohibited. The new rules were driven by a sharp rise
in credit card borrowing and rising defaults. According to the Central
Bank, credit card loans recently hit 233.2 million euros. The number of
credit card holders has topped 23.2 million.

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Bi-Directional Cash ATM Introduced

Cardtronics and Info Touch Technologies unveiled a bi-directional cash ATM. The hybrid ATM unit combines a traditional cash-dispensing ATM with a cash-accepting financial services kiosk. A pilot program of the new ATM will be launched in select U.S. markets this spring. Cardtronics will own and operate the new hybrid ATMs with Info Touch providing processing services for all functions other than cash dispensing. All hybrid ATMs will be part of Info Touch’s “TIO Network” and will be branded with Info Touch’s “TIO” logo as well as the logos of Cardtronics and the merchant-retailer. Cardtronics has a nationwide network of more than 25,000 ATM locations as well as 1,000 locations throughout the UK.

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