MasterCard’s Global GDV Nears $1.5 Trillion

For the first time, MasterCard International has topped $400 billion in gross dollar volume and four billion purchase transactions in a single quarter. The world’s second largest payment card network, by GDV, also neared the $1.5 trillion gross volume and 15 billion purchase transactions milestones for a full-year. MasterCard posted $401.2 billion in worldwide gross dollar volume in 4Q/04, a 12.5% increase over 4Q/03. Purchase transactions for the fourth quarter hit 4.034 billion compared to 3.597 billion one-year ago. For the full year of 2004, MasterCard GDV was $1.455 trillion, a 10.6% gain over 2003. Purchase transactions for the year totaled 14.715 billion compared to 13.202 billion for the prior year. Globally, MasterCard has 679.5 million cards-in-force linked to 576.0 million accounts. The number of acceptance locations worldwide at year-end 2004 was 24.6 million compared to 21.9 million one-year ago. For complete details on MasterCard’s fourth quarter results visit CardData ([www.carddata.com][1]).

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

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Revolving Credit Tops $790 Billion in December

Revolving consumer credit edged up modestly by $900 million during December at an annual growth rate of 1.4%. According to the Federal Reserve, Americans owed $790.5 billion in revolving credit at the end of December, compared to $789.6 billion for November. One-year ago revolving credit stood at approximately $759 billion. Bank credit card debt (excluding store and gas credit cards) at the end of the fourth quarter was $687 billion, or roughly 87% of total revolving credit, according to CardData ([www.carddata.com][1]). At the end of December, Americans were $2103.7 billion in debt, excluding home mortgages.

REVOLVING CREDIT HISTORICAL ($billions)
Dec 04 Nov 04 Oct 04 Sep 04 Jun 04 Mar 04 Dec 03
GRWTH: 1.4% 0.8 6.0 -1.9 10.4 -1.9 5.4
$OWED: $790.5 789.6 789.0 785.1 765.2 768.9 758.7
Source: Federal Reserve; revised figures as of 2/07/05;
For complete historical data visit CardData (www.carddata.com)

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

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TNB Card Services Outstandings Up 200% in 04

Dallas-based TNB Card Services reported it now has more than 450 credit union clients nationwide. At the end of 2004, TNB had approximately $80 million in outstanding balances in its agent issuing portfolio, an almost 200% increase over 2004. The average purchased portfolio size last year was 22% larger than the average for 2003, indicating that increasingly larger credit unions are among the portfolio sellers. TNB Card Services manages more than 1.6 million cards.

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Paymentech Inks the Whataburger Contract

Whataburger has awarded a multi-year processing contract to Dallas-based Paymentech for its 630+ owned and franchised locations. Paymentech won the contract in part because of the reliability of its dial-up network, which is wholly owned and operated by Paymentech, as well as its advanced technology offerings and web-based reporting tools. Whataburger is based in Corpus Christi, Texas and operates more than 630 locations in 10 states.Paymentech, L.P. processes more payment transactions than any other company in North America – and more than half of all Internet transactions – for retailers accepting U.S. and international payments via traditional point of sale, Internet, catalog and recurring payments.

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Q Comm Names a Business Development Executive

UT-based Q Comm International has named Charles Callis. formerly with ClearOne Communications, as VP/Business Development. Mr. Callis brings over seventeen years of executive-level technology sales and marketing experience and a long history of building industry alliances and value-added channel networks both domestically and internationally. Most recently Callis was Vice President, Worldwide Sales and Marketing for ClearOne Communications where he built a global partner network of distributors and value-added resellers. Q Comm International is a prepaid transaction processor that electronically distributes prepaid products from service providers to the point of sale.

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Intervoice Wins a Speech Technology Award

Technology Marketing Corporation’s Customer Inter@ction Solutions magazine has named Intervoice as a recipient of a “2005 Speech Technology Excellence Award”. New this year, the Speech Technology Excellence Award recognizes companies that have developed innovative speech technology solutions to help improve the bottom line. Intervoice was honored for the introduction of its Omvia(R) Voice Express Packaged Applications offering. Technology Marketing Corporation (TMC) publishes two print magazines: Customer Interaction Solutions, and Internet Telephony; five digital publications, SIP Magazine, Speech-World, WiFI Telephony Magazine, VoIP Developer, WiMAX Magazine; and the online publications TMCnet.com, Planet PDA Magazine, WiFi Revolution, Alternative Power and BiometriTech. Intervoice, Inc. (Nasdaq:INTV) provides leading enterprises, network operators and developers with the platform, software, applications and services necessary to optimize the customer experience through voice automation solutions.

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Australian Card Debt Rises 13% in November

Revolving balances, or balances accruing interest, edged near the A$20 billion level for first time during November, in a country with just 20 million residents. Based on historical data from the Reserve Bank of Australia, revolving balances will easily top that milestone for December. The latest data show that revolving balances increased to A$19,981,000 during November, up 13% from one-year ago. Gross dollar volume for purchases on credit card and charge cards in November rebounded by more than 10% from the prior month. Total outstandings for November were up A$475 million compared to October, and up nearly 12% since November 2003. During November, Australians charged A$13.0 billion in purchases on credit/charge cards compared to A$10.8 billion one-year ago. At the end of November, consumers owed A$28.6 billion on credit cards versus A$25.5 billion for November 2003. Card credit limits reached A$76.5 billion at the end of November, compared to A$68.4 billion for November 2003. There are 11.4 million credit card and charge card accounts in Australia, compared to 10.8 million one-year ago.

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GlobalCollect to Process World of Warcraft

GlobalCollect has been selected by Blizzard Entertainment to process the online payments for World of Warcraft in all European countries. GlobalCollect’s online payment platform, WebCollect, will make it possible for players to pay their subscription fees online following their free one-month access to the game. The month-to-month subscription plan costs 12.99EUR per month, the three-month plan costs 11.99EUR per month and the six-month plan costs 10.99EUR per month. Best known for blockbuster hits including the Warcraft series, StarCraft(R), and the Diablo(R) series, Blizzard Entertainment (www.blizzard.com), a division of Vivendi Universal Games, is a premier developer and publisher of entertainment software renowned for creating many of the industry’s most critically acclaimed games. GlobalCollect provides international payment services for non face-to-face businesses including Internet, mail and telephone order.

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Global Links and Symmetrex Sign an Accord

Global Links Card Services signed an agent agreement with Symmetrex to provide GLCS with residual income for GLCS’s client debit card programs. This agency agreement allows GLCS to receive monthly residual income for customers when GLCS is not the Card Issuer. Symmetrex is focused exclusively on providing card issuance and transaction processing services for stored value programs, prepaid debit, payroll, employer incentives and healthcare saving accounts. PTS in November, 2004, acquired Glove Box, Inc. Glove Box, Inc. owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing.

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National Consumer Protection Week Starts Today

“National Consumer Protection Week” launches today. VISA USA launched its “STOP FRAUD” campaign this morning, urging consumers to play hide-and-seek with potential identity thieves. VISA in partnership with Call For Action, has helped many identity theft victims via a hotline. Since the hotline launched in April 2003, several hundred identity theft victims have been assisted in reclaiming their identities. Additionally, more than 300,000 identity theft brochures have been sent to consumers, while more the 3.2 million consumers have sought identity theft information via the Internet.

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