VA-based comScore Networks says it reported fourth quarter online growth of 23.2% growth and this was virtually identical to the Department of Commerce’s estimate of 23.4% overall growth for the same period. In 2005, Apparel & Accessories ranked as the fastest growing category, with a 41% increase versus the previous year. Other rapidly growing categories included Computer Software (up 37%), Toys & Hobbies (up 35%), Home & Garden (up 33%) and Jewelry & Watches (up 31%). comScore Networks taps into a global cross-section of more than 2 million consumers who have given comScore explicit permission to confidentially capture their browsing and transaction behavior, including online and offline purchasing.Details
Atlanta-based CardSystems Solutions and its successor, Pay By Touch Solutions, have agreed to settle FTC charges that CardSystems’ failure to take appropriate security measures to protect the sensitive information of tens of millions of consumers was an unfair practice that violated federal law. The settlement will require CardSystems and Pay By Touch to implement a comprehensive information security program and obtain audits by an independent third-party security professional every other year for 20 years. The FTC charged that CardSystems engaged in a number of practices that, taken together, failed to provide reasonable and appropriate security for sensitive consumer information. According to the FTC, CardSystems processed about 210 million card purchases totaling more than $15 billion for more than 119,000 small and mid-size merchants.Details
Houston-based Cardtronics reported revenues for the fourth quarter of $69.8 million, a 12.6% increase over revenues recorded during the fourth quarter of 2004. The Company incurred a net loss for the fourth quarter of 2005 of approximately $0.9 million, compared to net income of approximately $1.5 million for the same period in 2004. The year-over-year increase in revenues was primarily due to a number of acquisitions consummated during 2005, including the BAS Communications, Inc. ATM portfolio in March 2005, the Neo Concepts, Inc. ATM portfolio in April 2005 and Bank Machine Limited in the United Kingdom in May 2005. The decrease in net income was primarily due to the additional interest, depreciation and amortization expense amounts associated with the aforementioned acquisitions, higher selling, general and administrative costs resulting from the Company’s growth, higher vault cash rental costs due to rising interest rates and the impact of replacing lower-cost bank debt with higher-cost senior subordinated notes as a more permanent capital structure was put into place. The accelerated roll out of ATMs in Walgreens and CVS locations throughout the United States during 2005 also continued to negatively impact the Company’s current period results, as such machines are still in the process of ramping to profitable transaction levels. For complete details on Cardtronics’ 4Q/05 performance, visit CardData ([www.carddata.com]).
VeriFone has been awarded a multi-year, multi-million dollar contract to supply as many as 20,000 units annually of its Vx Solutions payment systems to GE Consumer Finance’s Retail Sales Finance unit. The contract encompasses an initial five-year period. Retail Sales Finance will utilize VeriFone’s Vx Solutions products for private label credit application entry and authorization at the point of sale as well as payment transactions and other applications running in VeriFone’s multiapplication environment.Details
GZS Gesellschaft fur Zahlungssysteme reported a consolidated result of
around DM11.4 million before tax for FY 2005. In
doing so, the company has attained its goal of returning to profit after
effective completion of its restructuring program. The result was made on sales of DM172.9 million (2004: DM191.8 million) and total costs of DM161.2 million (2004: DM197.7 million). GZS’s shareholders concluded a contract of sale with First Data Corporation in December 2005. GZS is guarantor for the professional processing of cashless and card-based payments handling approximately 1 billion card transactions with a face value of DM35 billion in 2005.
Denver-based Nick-N-Willy’s World Famous Take-N-Bake Pizza has inked a deal with Catuity to launch a new loyalty and gift card. The Denver-based, 70-store franchise is launching the Lift Card, Catuity’s newest product provides a turnkey, all-in-one solution to retailers, including foodservice and quick casual restaurants and other franchises. The product is targeted toward both acquiring new customers and converting existing customers to come in more often and to spend more.Details
Secure electronic transaction solutions provider Keycorp Limited
Datawire Communication Networks announced a strategic
alliance to offer secure Internet payment transactions as part of
Keycorp’s managed payments service. The Datawire VXN is an internet
overlay service that will allow retailers to take advantage of the
proliferation of high speed broadband Internet to process payments
reliably, securely and quickly over public and private IP networks.
Keycorp will offer the service to its customers and partners in New
Zealand, Singapore, Malaysia, Taiwan, Japan, Hong Kong, Korea, China and
Canada. Keycorp Limited is a provider of secure electronic
transactions: with solutions from smartcards and point-of-service
transaction systems to payment engines and managed services.
Hawaii’s Island Air has launched a Web check-in solution and self-check-in kiosks from NCR’s Kinetics, designed to provide a quick and convenient travel experience to its passengers. Beginning this month, Island Air will install Kinetics TouchPort II C self-check-in kiosks initially at its Honolulu International Airport curbside and check-in counter, and then at its Kahului Airport and Kona International Airport terminals. With the TouchPort II C kiosks, passengers can access their itinerary, check-in, check luggage and print their boarding pass by using a credit card.Details
GlobalCollect announced it
has been selected by Skype to process payments for its premium
offerings. For Skype, GlobalCollect will process local bank transfer
payments in local currencies worldwide, including real-time online bank
transfers in countries where this payment method is available.
Skype is an Internet communication offering and available in 27 languages.
GlobalCollect provides international payment services for non
face-to-face businesses including Internet, mail and telephone orders.
Colorado-based FASTLANE, a new payment network, now offers access to loyalty, gift, POS payments and a P2P money transfer service via a single swipe of the driver’s license The FASTLANE payment network offers access to Loyalty, Gift, Point of Sale (POS) payments and a Person-to-Person Money Transfer service. Consumers enroll a checking account payment option into the FASTLANE network at a merchant’s POS deviceDetails
VASCO Data Security International announced that New Zealand-based
RaboPlus will use VASCO’s “Digipass 250” to enable secure
online banking. “Digipass 250” is a small and lightweight strong
authentication product, offering all the benefits of VASCO’s Digipass
product range. It offers remote access, one-time passwords and
e-signatures at the lowest cost. Digipass 250 is PIN-protected, which
adds an extra level of security to the device.
North Carolina-based State Employees’ Credit Union says it has passed up on $50 million in ATM surcharges over the past year as 25 million non-member transactions have been processed through its “Cash Points” ATM network. At SECU, fiscal year 2005 saw approximately 25 million non-member transactions processed through its Cash Points ATM network. In terms of dollars, this would have generated income of nearly $50 million based on a typical surcharge of $2.00 per transaction. SECU is a non-profit financial cooperative owned by its members.Details