FreeStar’s 2005 Revenues Rise 36%

FreeStar Technology reported its financial results for the second
quarter of its 2006 fiscal year, ended December 31, 2005. Revenue rose
more than 36% to $577,946 in the period from $424,772 in the comparable
period of fiscal 2005. The company reported that for the quarter, the
volume of payments processed rose more than 13% to 4.8 million from slightly more than 4.2 million during the comparable period a year ago. The company explained that the revenue gains reflect an increase in processing fees as well as fees obtained from development and consulting services generated by the company’s subsidiary, Helsinki-based Rahaxi Processing Oy. The company expects revenue levels to increase throughout the next twelve months as it continues to introduce its service offerings, such as EMV transaction processing and its Internet Payment Gateway.

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Reuters Offers MasterCard SpendingPulse

MasterCard Advisors and Reuters have teamed to offer a U.S. retail economic service exclusively to Reuters clients. “SpendingPulse” provides granular measures of the U.S. retail economy, both nationally and regionally, with a degree of speed and a level of detail surpassing spending data estimates from traditional sources. The “SpendingPulse” reports are based on aggregated sales activity in the MasterCard U.S. payments network coupled with estimates on all other payments forms, including cash and check. MasterCard Advisors adjusts out MasterCard-specific variables. Since 2004, “SpendingPulse” reports have been available through a subscription service.

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Trintech Opens Netherlands Office

Trintech Group has opened a new office in The Netherlands to meet
increasing European demand for Trintech’s account reconciliation and
process management solutions and is now mobilized to help clients across
Europe improve their business performance while meeting critical time
constraints. The new office will be headed by Dave Keijzer, Director of
European Sales for Trintech’s Finance and Treasury Solutions. Trintech’s
suite of products includes the “ReconNET” reconciliation product suite,
“AssureNET GL” for managing general ledger reconciliation and
compliance, “Treasure eNET” — an ASP hosted treasury workstation, “Bank
Fee Analysis,” and the “DataFlow Transaction Network” for data
collection and delivery.

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ARM Index Declines Due to Bankruptcies

The leading indicator of economic conditions affecting the accounts receivable management industry ended 2005 by increasing a healthy 2.1% in December. However, the “Kaulkin Ginsberg Index” was down 1.2% throughout 2005, making this the first calendar year in which the “Index” decreased since 2002. KGI says with interest rates increasing for the time being and bankruptcy filings returning to moderate levels, they expect the “Index” to regain an upward trajectory in the months ahead. Nevertheless, KGI says it has been at least five and a half years since overall economic conditions were more friendly to collection agencies, debt buyers and collections law firms.

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Fujitsu Rolls Out EMV Approved B-Pad

Fujitsu Services has introduced its “B-Pad”, to speed up and streamline a
retail shopper’s check-out process. “B-Pad” scans barcodes and
accepts payment without being tied to the counter. The Fujitsu “B-Pad” is
also the first device of its kind with full EMV approval, certifying its
compliance with secure smart card payment operations. The Fujitsu Group
is a $44.5 billion provider of IT systems and services worldwide.

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Wristband Payment Systems to Expand

Adjoined Consulting and Proximities have partnered to expand RFID wristband payment systems for sports, leisure and entertainment industry events. The secure RFID wristbands enable patrons to quickly and conveniently gain access to public events, make purchases, and verify their age. They can be linked to a credit card or debit account enabling consumers to purchase items without exchanging cash. Once removed, the wristbands are automatically disabled, providing added security for both the patron and merchant. Proximities develops, markets and supports secure RFID cashless payment, access control and age verification solutions.

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Corillian and StrikeForce Technologies Team

Corillian and StrikeForce Technologies have teamed to help financial institutions proactively prevent identity theft and fraud, strengthen online banking authentication and comply with FFIEC guidance. The partnership will protect financial institutions’ online users with a comprehensive authentication service combining Corillian’s Intelligent Authentication with StrikeForce’s “Out-of-Band” authentication platform, ProtectID. ProtectID creates a separate pathway for users to enter a PIN over the telephone that takes seconds to authenticate the identity of the online customer. Biometric devices, such as fingerprint and iris scanners, as well as one-time passwords (OTPs) can be added or substituted for additional versatility and layers of security.

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Jack Henry & Assc Introduces ProfitStars

Missouri-based Jack Henry & Associates has introduced “ProfitStars,” its third primary brand. The ProfitStars brand encompasses the products and services provided by the 13 companies Jack Henry acquired through its focused diversification strategy. ProfitStars is a provider of products and services that are designed to improve the operating performance of financial institutions.

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ADS to Issue New York & Company Co-Brand

Dallas-based Alliance Data Systems has signed a long-term agreement with New York & Company to provide a co-brand credit card program. Under terms of the agreements, Alliance Data will provide account acquisition and activation, receivables funding, credit authorization, card issuance, statement generation, direct mail and email marketing services, remittance processing, and customer service functions. New York & Company is a leading specialty retailer of women’s fashions and accessories with 2005 sales of over of $1 billion.

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TNS Fourth Quarter Revenues Up 3.4%

Reston, VA-based TNS posted fourth quarter revenue of $65.6 million, a 3.4% increase over 4Q/04. However, fourth quarter net income was $1.4 million, versus fourth quarter 2004 net income of $2.4 million. The company says the lower earnings were primarily due to higher than anticipated costs associated with Sarbanes-Oxley compliance, which were difficult to absorb because of continuing investments in international growth. Revenue from the POS Division decreased 21.2% to $20.2 million on 1.4 billion transactions compared to 4Q/04. During the quarter, TNS formed an an alliance with Avantel to provide cohesive network transaction solutions to Mexican debit, credit and ATM processors; signed a contract with the Anglia Society to provide an IP-based solution to reduce the time it takes to authorize credit card transactions; and inked a contract with Automated Systems America, Inc. to provide a managed virtual private network service via TNS’ ATMLink product. TNS projects total revenue growth of 14% to 16% to $296 to $300 million for 2006. For complete details on TNS’ fourth quarter performance, visit CardData ([www.carddata.com][1]).

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

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Near Field Communications Forum Expands

Massachusetts-based The NFC Forum reports it has expanded its member roster to include more than 70 organizations worldwide. The NFC Forum is a non-profit industry association dedicated to advancing the use of near field communication (NFC) technology by developing specifications, ensuring interoperability among devices and services and educating the market about NFC technology. NFC is short-range, standards-based wireless connectivity technology that enables simple and safe two-way interactions among electronic devices, allowing consumers to perform contactless transactions, access digital content and connect devices.

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