EURONET 1Q/05

Euronet Worldwide posted revenues of $117.2 million for the first quarter, compared to $81.1 million for 1Q/04. Net income for the first quarter was $4.8 million, compared to a net income of $3.3 million for the first quarter 2004. The EFT Processing Segment posted first quarter revenues of $23.9 million, compared to $14.9 million reported for the first quarter of last year. The EFT Processing Segment processed 77.3 million transactions in the first quarter compared to 34.9 million transactions for the same period last year. The segment completed the quarter with 6,201 ATMs owned or operated, compared to 3,870 ATMs at the end of the first quarter 2004. The Prepaid Processing Segment reported first quarter revenues of $89.4 million, compared to $62.9 million reported for the first quarter 2004. Total transactions processed by the Prepaid Processing Segment in the first quarter were 67.2 million, compared to 48.5 million prepaid transactions processed in 1Q/04. The Prepaid Processing Segment processes electronic point-of-sale prepaid transactions at more than 205,000 point-of-sale terminals across more than 94,000 retailers in Europe, Asia Pacific and the USA. For complete details on Euronet’s first quarter performance, visit CardData (www.carddata.com).

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iMergent’s Revenues Soar 57% in Q1

UT-based iMergent’s 1Q/05 revenue increased 57% compared one-year ago. During the quarter, the company hosted 184 workshops, 32 of which were outside the U.S., compared to the third quarter of 2004 when the company conducted 146 workshops, 8 of which were international. The Company raised its full year fiscal 2005 revenue growth outlook to around 40% over fiscal 2004. Previous outlook had been for 30% to 35% revenue growth in fiscal 2005. For complete details on iMergent’s current and past performance, visit CardData ([www.carddata.com][1])

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

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Verified by VISA Volume Rises 230% in Q1

Visa reports that the “Verified by Visa” share of e-commerce transactions has grown over 40%, and transaction volume during the first quarter has increased more than 230% over last year The adoption of Verified by Visa has played a major role in driving payment card fraud to its lowest rate ever – less than five cents per $100. More than 360 million Visa cards are eligible for Verified by Visa, and 56,000 merchants worldwide have adopted the cardholder authentication service. Visa has $3 trillion in annual transaction volume.

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Personal Bankruptcy Rises Sharply in March

As expected, Americans made a bankruptcy stampede last month as passage of bankruptcy reform was inevitable. A record 165,000 filings were made during March, compared to 152,000 for March 2004. The 8.5% gain in filings reverses a steady decline in bankruptcy filings over the past two years. Bankruptcy filings declined about 4% for the full-year of 2004. In January 2005 filings dropped 13% and during February 2005 filings dived by 17% year over year. The steep rise in March is expected to continue through the fall of the year. The new bankruptcy law was signed by President Bush last week and will go into effect on October 17th.

Monthly Filings Historical
Mar 04: 152,567
Apr 04: 145,543
May 04: 136,509
Jun 04: 127,742
Jul 04: 133,390
Aug 04: 125,783
Sep 04: 127,664
Oct 04: 133,404
Nov 04: 116,952
Dec 04: 113,957
Jan 05: 99,705
Feb 05: 103,457
Mar 05: 165,459
Source: CardData (www.carddata.com)

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Wynn Las Vegas Picks GPN VIP LightSpeed

Wynn Las Vegas has selected Global Payments’ Gaming Division’s “VIP LightSpeed” suite of products for check cashing transactions. Global Payments will provide patron check cashing and electronic check cashing services and establish VIP Preferred card accounts with the highest guarantee limits in the industry. Global Payments offers a comprehensive line of processing solutions worldwide.

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NCR’s ATM Revenues Climb 8% Year-On-Year

NCR reported that first quarter revenue for its ATM business was $272 million, up 8% from the year-ago period. The Retail Store Automation unit generated $175 million of revenue, up 6% from the first quarter of 2004. Overall, NCR reported first quarter net income of $30 million. For the fourth quarter, NCR reported that its ATM segment produced record revenue of $451 million, a 15% gain from the year-ago period. For the full year 2004, ATM revenues hit $1.3 billion, a 19% gain over 2003. For complete details on NCR’s current and past performance, visit CardData ([www.carddata.com][1])

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

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Valley Foods Selects NCR’s POS Solutions

Montana-based Valley Foods has selected NCR to provide “RealPOS 80c” terminals with the “DynaKey” operator interface, as well as its “Advanced Checkout Solution”. ACS offers enhanced promotional tools and added features to accommodate high-volume checkouts needs of retailers. NCR Corporation provides ATMs, retail systems, Teradata data warehouses and IT services globally.

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Fair Isaac’s First Quarter Revenues Up 13%

Fair Isaac reported first quarter revenues of $196.0 million versus $173.2 million for 1Q/04. Net income for the quarter totaled $34.3 million, compared with net income of $30.8 million in the same quarter last year. Revenues increased across each of the company’s four operating segments. Strategy Machine Solutions revenues increased to $111.3 million in the quarter from $103.6 million in 1Q/04. Scoring Solutions revenues increased to $39.3 million by 17% in the first quarter, primarily due to an increase in revenues derived from risk scoring services at the credit reporting agencies. Professional Services revenues increased to $33.6 million in the quarter from $24.6 million in the prior year quarter. Analytic Software Tools revenues increased to $11.8 million by 4% in the quarter. For complete details on Fair Isaac’s current and past performance, visit CardData ([www.carddata.com][1])

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

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VigilantMinds is MasterCard SDP Compliant

VigilantMinds Inc. has completed the MasterCard “Site Data Protection” compliance testing process. VigilantMinds helps online merchants evaluate the security of their web sites that store MasterCard account data, achieve compliance with the MasterCard SDP program that is in accordance with the PCI standard and helps merchants meet the June 30,2005 deadline for PCI requirements.

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Authorize.Net’s Q1 Revenues Climb 20%

MA-based Lightbridge reported first quarter revenue of $30.6 million versus $29.6 million for 1Q/04. Authorize.Net’s revenue for the first quarter were $10.1 million, an increase of 20% over the first quarter of 2004. The Company added 13,000 new merchants during the quarter. Transaction volumes increased to 55.9 million, a 25% growth over the comparable quarter last year. Processing volume was $5.2 billion in the first quarter, up 38% year over year. Lightbridge posted a net loss of $700,000 for the first quarter, versus the same net loss one-year ago. For complete details on Lightbridge’s current and past performance, visit CardData ([www.carddata.com][1])

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

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Cap One Finds Business Dreams are Underfunded

A new Capital One survey has found that 55% of Americans said that the biggest obstacle to launching a new business is finding the cash to fund the business. Information about small business lending is available from the Small Business section of Capital One’s web site. The site also includes links to the Better Business Bureaus BBBTips for small businesses, which provides practical tips and information. Capital One’s subsidiaries collectively had 49.1 million accounts and $81.6 billion in managed loans outstanding as of March 31, 2005.

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Axalto Posts a 17% Gain in 1Q/05 Revenue

Axalto posted a 17% gain in first-quarter revenue, to $ 237.3 million. The Cards segment revenue amounted to $216.5 million, a 13% increase over 1Q/04. During the period, Axalto delivered more than 93 million microprocessor cards, an increase of 28%. In financial cards, Axalto’s revenue fell 10% over the quarter to $44.5 million, a 14% drop at constant exchange rates. Axalto says the decline should be seen against the background of a very high basis of comparison in the first quarter of 2004, which marked the peak of the massive roll-out of EMV cards in the United Kingdom. For the same reason, the volume of microprocessor cards delivered fell 17% to 15.4 million. Point-of-sale terminals segment revenue jumped 78% to $20.8 million. For complete details on Axalto’s first quarter performance, visit CardData (www.carddata.com).

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