Experian-Scorex Unveil the Collect System

Experian-Scorex has introduced a new collections and debt recovery solution in the United Kingdom. The new “Collect” allows financial service organizations to adopt a more strategic and analytical approach to their customer service, collections and debt recovery. It provides a flexible and automated infrastructure supporting the complete collection process, from pre-delinquency to late collections and write-offs. “Collect” is part of the “Strategy Management” suite of solutions in the US and used by more than 600 clients in over 60 countries.

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Kiwibank Inks an 8-Year Deal with Certegy

Kiwibank has signed an eight-year agreement for credit card processing services from Certegy. The bank says the functionality, flexibility and reliability of Certegy’s “BASE2000” platform should enable it to increase efficiency, introduce new products more quickly and better serve customers. Kiwibank is a wholly-owned subsidiary
of New Zealand Post Limited, headquartered in Wellington, New Zealand.
Kiwibank operates the largest bank branch network in New Zealand.
Certegy is the largest credit card processor in the New Zealand market.

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AMEX GOLDEN LOTUS

Vietcombank and Viet Nam Airlines have partnered to launch an American
Express card for frequent fliers. It is the first credit card issued
by Vietcombank that does not require a mortgage relationship. The
“Golden Lotus” card will offer a full package of insurance benefits.
Cardholders will also be eligible to apply for “Golden Lotus Plus”
benefits from Viet Nam Airlines. The airline says it has already
enrolled 50,000 members in the “Plus” program. Vietcombank and American
Express began their relationship in 2003. Vietcombank also issues VISA,
MasterCard, HCB, and Diners Club cards.

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Navy FCU Tops 1 Million Accounts in Q1

The nation’s largest credit union bank credit card issuer passed the one million account milestone during the first quarter. VA-based Navy FCU also reported that 1Q/05 outstandings rose more than 12% as volume climbed nearly 14% year-on-year. As of March 31st, Navy FCU had 1,009,233 accounts compared to 983,801 in the prior quarter, and 877,684 accounts one-year ago. First quarter outstandings were $1.75 billion, seasonally down from the fourth quarter but up substantially from 1Q/04. The number of active accounts also increased sequentially and year-over-year to 551,060. The number of cardholders topped 1.1 million for the quarter. The credit union issues “Classic,” “Gold,” and “Platinum” VISA and MasterCards, as well as the “nRewards” VISA and MasterCard, “TravelValue” VISA, “Student” VISA card, and a “Secured” VISA and MasterCard. For complete details on Navy FCU’s first quarter performance, visit CardData ([www.carddata.com][1]).

NAVY FCU SNAPSHOT
1Q/05
Outstandings: $1,749,051,831
Volume: $1,005,642,099
Accounts: 1,009,233
Actives: 551,060
Cards: 1,146,801
Source: CardData (www.carddata.com)

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

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PAYMENTS 2005 Sets an Attendance Record

NACHA’s “PAYMENTS 2005” conference opened yesterday in San Antonio to a crowd of more than 2,500 payments executives, a 47% increase compared to five years ago. A Presidential impersonator entertained the crowd with his call to Congress to pass “The No Check Left Behind Act.” The phony President also said Washington knows a few things about corporate payments. “Wouldn’t it be great to speed up payments from lobbyists – I mean companies? Wouldn’t it be great for lobbyists to be able to see the names of Congressmen they paid appear directly on their account statements?” Meanwhile, NACHA awarded its “2005 George Mitchell Payments System Excellence Award” to Citigroup. National City received the “2005 Kevin O’Brien ACH Quality Award.” CheckFree also received the “2005 Kevin O’Brien ACH Quality Award” for achieving a 0.01% administrative return rate on ARC payments it processes.

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TCF Launches a Rewards Biz Debit VISA

Minneapolis-based TCF Bank has introduced a business debit card that offers free air travel and merchandise rewards. The new “TCF MILES PLUS Business Check Card” awards one point for every dollar of qualifying purchases. Points can be redeemed for free airline tickets on major airlines without blackout dates or without restrictions. The card carries no annual fee. A similar program was offered last August to TCF checking account customers who maintain high monthly balances. The free “TCF MILES PLUS VISA” consumer credit card automatically deducts card purchases 15 days after the statement is generated. (CF Library 8/13/05)

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Fiserv BANKLINK Adopts EPN STP 820

The Electronic Payments Network has announced that Fiserv BANKLINK has adopted EPN STP 820 for its iLINK product, a suite of Web-based cash management products for financial institutions and their corporate customers to facilitate business-to-business payments. Fiserv, Inc. provides information management systems and services to more than 16,000 clients and reported $3.4 billion in revenue. EPN processed more than 3.4 billion payments in 2004.

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Diebold Names a New Security Executive

Diebold has named Dennis M. Moriarty vice president of the Global Security division. Previously, he was the Eastern Division vice president, where he led the sales, service and systems organizations. Prior to joining Diebold, he served in senior leadership positions with Pitney Bowes Corporation. Moriarty holds a BA in English from Iona College. Diebold, Inc. provides integrated self-service delivery systems, security and services with $2.4 billion in revenue.

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Associated Cards’ ADB Exceeds $10,000

WI-based Associated Card Services Bank reported that its average balance in the first quarter topped $10,000 for the first time. For the first quarter, Associated posted $1.258 billion in outstandings, up 31% over 1Q/04. The portfolio is largely comprised of corporate cards and home equity credit cards. Associated has issued its consumer credit cards though Citibank since early 2000. Volume for the first three months of this year hit $192 million, about 6% higher than one-year ago. The issuer added more than 13,000 accounts during the first quarter, ending at 120,847. The number of active accounts also rose sharply by more than 10,000 accounts. At the end of the first quarter Associated had more than 125,000 cardholders. In December, Associated Bank inked an agreement with MasterCard International to convert its “VISA Check Card” program to the “Debit MasterCard Card” and to participate in the “Maestro” and “Cirrus” online debit programs. For complete details on Associated’s first quarter performance, visit CardData ([www.carddata.com][1]). (CF Library 2/24/00; 12/20/04)

Associated Card Services Bank
Average Daily Balance Historical
2001: $6,639
2002: $7,021
2003: $7,813
2004: $8,797
2005: $10,411
Source: CardData (www.carddata.com)

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

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NCR to Significantly Beat the Street

OH-based NCR yesterday said it anticipates its first-quarter earnings to beat its prior guidance and the street by $0.11 per share. The ATM specialist says the increase is due to better-than-expected operating performance. NCR expects to report first-quarter revenue of approximately $1.34 billion, an increase of 4% from the first quarter of 2004, including a 2% benefit from foreign currency fluctuations. NCR will release its first quarter report on April 28th. The Company’s president and CEO resigned last month to head HP. NCR’s stock price was hammered by the news. For the fourth quarter, NCR reported that its Financial Self Service or 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]) (CF Library 1/27/05; 3/30/05)

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

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CO CU Selects Corillian Consumer Banking

Corillian Corp. announced that Boulder-based U of C Federal Credit Union has expanded its relationship by choosing to upgrade to the Corillian Consumer Banking application to maximize its online banking effectiveness. U of C Federal Credit Union serves over 75,000 members and has more than $670 million in assets. Corillian provides online banking and anti-fraud solutions to financial institutions.

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