Barclaycard Now Offers Account Alerts

Barclaycard has launched a new text alert service to remind its 9
million UK customers that their monthly payment is due. The service,
which is provided free to all cardholders, will send a text
payment reminder five working days before the monthly payment has to be
made. In addition to the new service, Barclaycard has also announced
changes to customer statements which will be introduced this year to
include messages for customers who regularly only pay the minimum
repayment, highlighting the advantages of repaying a higher amount each
month, messages for customers regularly paying late which will offer to
move the billing day to a date that better suits their monthly budget
and warnings to customers about only ever paying the minimum repayment
will be moved from the back of the statement to the front.

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Diebold Gets Product Line Award

Diebold has received the 2006 Frost & Sullivan “Product Line Strategy Leadership Award”. Frost & Sullivan presents the Product Line Strategy Leadership Award to the company that demonstrates the most accurate understanding and interpretation of customer needs and product demands within its industry. The selection process is managed through a dedicated Frost & Sullivan analyst team, which tracks all end-user requirements and market dynamics within the industry to determine the top-ranking supplier. The Opteva family of ATMs includes lobby cash dispensers, through-the-wall cash dispensers and advanced-function ATMs for island, drive-up and walk-up deployments.

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Heartland – Purveyor of the Year

The Omaha Restaurant Association has named New Jersey-based Heartland Payment Systems as “2005 Purveyor of the Year”. Heartland is endorsed by the ORA to provide credit/debit card processing services and payroll solutions, along with gift/loyalty card programs and other related payment services, to ORA members. Heartland also provides local, face-to-face merchant servicing and support through its nationwide sales force, including onsite installation and staff training. Additionally, merchants can view their card transactions in real time on the Merchant Center, Heartland’s online merchant account information tool.

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iMergent Rolls-Out StoresOnline Pro

Utah-based iMergent has officially launched “StoresOnline Pro” to replace the original “StoresOnline”. S.O. Pro Features give total control over web site management and testing and is customizable in a point-and-click environment. It also allows for easy integration and management of online messaging and content. iMergent provides eCommerce solutions to entrepreneurs and small businesses enabling them to market and sell their business products or ideas via the Internet.

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VeriFone Hospitality Systems Launched

VeriFone has added a Hospitality Systems group and is demonstrating its “Vx 670” handheld payment platform this week. The new terminal is built specifically for POS-integrated tableside and curbside payments. The “Vx 670” has a large user interface but remains among the smallest in size and weight. It uses Wi-Fi for connectivity with existing store wireless local area networks and advanced WPA encryption for network security.

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Chase Acquires Kohl’s Cards for $1.5B

JPMorgan Chase has inked a cash deal to acquire Kohl’s $1.5 billion private label credit card portfolio. The total purchase price will be equal to the receivable balances purchased at the closing date. Chase will also continue to issue to store card under a long-term strategic alliance. The Kohl’s portfolio has more than 13 million accounts. All of Kohl’s current credit organization associates will remain employees of Kohl’s. Kohl’s expects to use the initial proceeds from the transaction to repurchase its stock, fund store expansion and for general corporate purposes. In anticipation of the sale of the credit accounts receivable, Kohl’s board of directors has authorized a $2 billion share repurchase program.

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Government Smart Card Conference Planned

The Smart Card Alliance has scheduled its “5th Annual Smart Cards in Government Conference” for April 18-20 in Arlington, VA. This year’s theme is “Government Smart Cards in Action: The Implementation Phase Begins.” The conference program is divided into two separate tracks. The implementation and policy track includes sessions on Homeland Security Presidential Directive 12 (HSPD-12), ePassports, Registered Traveler, DHS First Responder and the REAL ID Act. The technical track features sessions on FIPS 201 compliance, dual interface cards, biometric templates, contactless interfaces, ePassport testing, physical access control system integration, card management, conformance testing and certification, and standards progress.

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Info Touch ZapLink Expands in Texas

Seattle-based Info Touch Technologies/TIO Network has deployed 25 of its “ZapLink” kiosks at select Circle K convenience stores in El Paso, Texas. The kiosks enable cash preferred customers to securely access personal accounts and view balances on select billers without the need to have account number present. They can also pay a host of bills including wireless, utility and cable and update their accounts in real time.

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JAN DEBT

Driven by holiday spending credit card outstandings neared the GBP 57 billion level during January. The figure is GBP 700 million above the prior month and GBP 2.9 billion higher than year-ago levels. The Bank of England says, however, that the annual growth rate of overall consumer credit continued to fall, to 8.7% in January. The annual growth rate of consumer credit was 9.3% in December. The increase in total net lending to individuals in January was GBP 700 million stronger than the increase in December and GBP 1.4 billion higher than the previous six month average.. The twelve-month growth rate remained unchanged, at 10.3%.

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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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