Hypercom and SiVault Assist Healthcare

Hypercom and SiVault Systems have teamed to combine SiVault Systems’ end-to-end signature verification technology with Hypercom’s point-of-transaction card payment technology to improve the authentication and fulfillment of medical prescriptions. Deployment of the Hypercom-SiVault solution will give pharmacy operations, doctors and insurers a powerful new solution to help confirm the authorized fulfillment of prescriptions, and in doing so, help stem prescription fraud in a rapidly expanding market. SiVault Systems is a recognized leader in the secure storage and retrieval of signed documents and biometric signature-based authentication for processing of online transactions. Hypercom is a leading global provider of electronic payment solutions that add value at point-of-sale transactions for consumers, merchants, and acquirers, and yield increased profitability for its customers.

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ECHO Revenues Up 15% as Net Income Doubles

Electronic Clearing House reported that its total revenue for the second calendar quarter was up 14.9% to $12.2 million as net income doubled to $651,000. Bankcard processing and transaction revenue increased 8.2% to $9.3 million in the quarter. ACH transactions processed nearly doubled to 6 million transactions. The gross margin from processing and transaction revenue improved to 37.1% from 32.2% one-year ago. During the quarter, ECHO trained VISA member banks’ sales teams and associates on the “Visa POS Check” program’s numerous merchant benefits. The Company has rolled out the program at Cole National Corporation’s Pearle Vision and Things Remembered chains, with a total of 1,200 locations running on the system. For the fiscal year to end with the next quarter, the Company tightened its guidance on revenue growth to 16-20%. For complete details on ECHO’s latest performance visit CardData ([www.carddata.com][1]).

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

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TRM Net Income Doubles as Revenues Grow 18%

OR-based TRM Corporation reported that net income for the second quarter more than doubled to $2.7 million as revenues increased 18% to $24.4 million. During the second quarter ATM gross sales increased by 47.5% to exceed $15.4 million and transacting ATMs grew to 4,616, an increase of 1,343 units over the prior year. TRM reports that total withdrawal transactions increased from 7.3 million to 9.2 million; average withdrawals per ATM increased from 386 to 399; and, average sales per withdrawal increased 12%, from $2.50 to $2.81. At mid-year, the Company’s ATM network consisted of 4,616 units deployed in the UK, USA, Canada and Northern Ireland. For complete details on TRM’s latest performance visit CardData ([www.carddata.com][1]).

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

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VeriFone Adds Two Sales Executives

VeriFone has hired Dale Laszig, former VP/Sales at Hypercom, as a Senior Sales Representative, and Rhonda Walsh, formerly with Delta Card and MCCS, as a Sales Trainer. Prior to Laszig six years with Hypercom she spent two years with Thales North America and seven years with First Data as a sales development specialist and national trainer. Walsh brings a whole new element to the knowledge base of the VeriFone ISO sales and training team. VeriFone, Inc., recognized worldwide as the trusted leader in secure electronic payment technologies, provides expertise, solutions and services for today with a smart migration strategy for tomorrow.

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JAA/JCB CARD

Macoto Bank and Japan Asia Airways, a subsidiary of Japan
Airlines Corporation, have teamed to launch a co-branded JCB international credit card. The new “JAA/JCB Card” enables cardholders to earn mileage rewards that they may exchange for ticket awards with JAL Group and other partner airlines, upgrade awards on JAL Group flights, free hotel accommodation awards, a 10% discount for in-flight purchases on JAL Group international flights, and many other premiums. Macoto Bank says its target market for the new card is approximately 9 million
in Taiwan, and it anticipates issuance of more than 30,000 cards
in the first year. JAA was established in 1975 to operate between Japan and Taiwan, after JAL agreed to stop its services to Taiwan in exchange for the right to fly to mainland China. JCB has formed alliances
with more than 320 financial institutions globally to increase merchant coverage and cardholder base.

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Heartland Payment Systems Plans an IPO

NJ-based Heartland Payment Systems has filed a registration statement with the SEC for a IPO. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Heartland Payment Systems Inc. is a leading provider of bank card-based payment processing services to merchants in the United States and, according to The Nilson Report, in 2003 was the eighth largest card acquirer in the United States ranked by processing volume.

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Equitex/Denaris Sign a Payroll Card Deal

Equitex/Denaris have signed a non-binding letter of intent with UT-based Financial Freedom International to distribute stored value card and payroll card products. Financial Freedom International is a provider of educational materials, software and services to consumers with troubled debt. Their products and services help people in financial crisis avoid bankruptcy, improve credit rating and reduce their debt to manageable levels. Equitex, Inc. is a holding company operating through its majority owned, publicly traded subsidiary FastFunds Financial Corporation of Minnetonka, Minnesota, as well as its majority owned subsidiary Denaris Corporation.

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TNS Inks The Huntington National Bank

OH-based The Huntington National Bank has signed a multi-year agreement with Transaction Network Services for always-on, managed ATM network connectivity. Under the multi-year agreement, Huntington National Bank will use TNS TransXpress(R) Secure to support its ATM portfolio. The Huntington National Bank is the principal subsidiary of Huntington Bancshares Incorporated , a $31 billion regional bank holding company. Transaction Network Services is one of the leading providers of business-critical, cost-effective data communications services for transaction-oriented applications.

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Diebold & FDC to Certify IFX for ATMs

Diebold and First Data announced they are certifying their new “Interactive Financial eXchange” for ATMs. IFX is an XML-based message protocol, which can become the communication standard across a financial institution’s delivery channels. Because IFX fosters interoperability among banking systems, it’s capable of providing another layer of openness within the realm of financial service solutions. First Data also offers a variety of payment services to businesses around the world. Diebold, Incorporated is a global leader in providing integrated self- service delivery systems, security and services.

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