Diebold ATM Revenues Up 10% in Q2

Diebold reported that its financial self-service, or ATM unit, posted revenue growth of 10.9% and 9.5% on a fixed exchange rate basis, during the second quarter. Total revenue for the quarter was $552.0 million, up 14.8% and 13.7% on a fixed exchange rate basis. Diebold posted second quarter net income of $43.7 million. During the quarter, Diebold has “Opteva” ATM orders in excess of $80 million including a $16.1 million order from Brazil and orders from two banks in China and one bank in India totaling $11.5 million. Diebold says it expects third quarter revenue to increase 8% to 11% on a fixed exchange rate basis. Financial self-service revenue are expected to grow by 12% to 14% on a fixed exchange rate basis. For complete details on Diebold’s second quarter performance visit CardData ([www.carddata.com][1]).

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

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Fiserv Revenues Up 30%+ in Q2

Fiserv reported second quarter processing and services revenues of $855.9 million, a 33% increase over 2Q/03. Total revenues for 2Q/04 were up 31% to $946.0 million. Net income for the quarter was $95.0 million, a 21% gain over 2Q/03. During the second quarter Fiserv signed contracts with Caja Popular Mexicana, Mexico?s largest credit union; Sovereign Bank, based in Wyomissing, PA; and Chicago-based Liberty Bank for Savings. For complete details on Fiserv’s second quarter performance visit CardData ([www.carddata.com][1]).

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

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Burger King Opts for Omni 3750 Terminals

Burger King has selected “VeriFone Omni 3750” payment terminals for all its company-owned locations and is supporting a program that offers the same solution to franchisees systemwide. The VeriFone terminals accommodate both dial-up and Internet-based communications, allowing franchisees to migrate to faster Internet transactions at their option. The Omni 3750 accommodates a wide range of value-added applications, including gift cards and stored value, which will provide BURGER KING(R) franchisees with greater options to implement customer loyalty and promotional campaigns. VeriFone is leading the industry in the delivery of solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. The BURGER KING(R) system operates more than 11,220 restaurants in all 50 states and in 60 countries and territories around the world.

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22MM Prepaid Debit Cards in 2004

A new study by The PELORUS Group projects that more than 22 million prepaid debit cards will be issued this year. The popularity of stored value is not limited to banks and credit card issuers. The report notes that the enormous success of the Starbucks Card has prompted many merchants to leap onto the stored value bandwagon. The study projects that in 2004 400 million convenience cards will be sold to consumers who don’t wish to wait in line to pay for a cup of coffee or a sandwich.

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SpeedPass Offers a RaceCase to Users

ExxonMobil is now offering new and existing “Speedpass” customers an opportunity to get a “Ryan Newman #12 Nextel Cup” race car “Speedpass RaceCase” that fits over its standard “Speedpass” key tag device. New or existing customers must register for the offer at www.speedpass.com and make a minimum of four qualifying purchases between July 1 and Sept. 30, 2004. ExxonMobil is a major associate sponsor of the Penske Racing #12 Dodge race car driven by Ryan Newman.

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Staples Renews Certegy Check Contract

Staples has renewed a multi-year agreement for check risk management services from Certegy. Staples is the world’s largest office products retailer, with approximately 1,600 office superstores. Certegy provides credit and debit processing, check risk management and check cashing services, merchant processing and e-banking services to over 6,500 financial institutions, 117,000 retailers and 100 million consumers worldwide.

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Corillian 2Q/04 Revenues Up 8%

OR-based Corillian reported second quarter revenues of $12.4 million, an 8% increase over the year-ago quarter. Net income for the second quarter was $2.3 million, resulting in diluted earnings per share of $0.06, beating the consensus analyst estimate by $0.01. This compares to net income of $1.8 million in the second quarter of 2003, which resulted in diluted earnings per share of $0.05. Corillian is the top provider of online banking solutions to leading financial institutions.

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Cap One U.S. Cards Level Off; Drops Jobs

Capital One’s second quarter U.S. card profits soared by 40% year-over-year, but came in slightly lower sequentially, as U.S. card outstandings plateaued. The issuer also announced it is cutting 1,400 call center jobs, mostly in Tampa. For the second quarter, COF posted net income for U.S. cards of $384.1 million, compared to $386.8 million in the first quarter, and $274.2 million one-year ago. The managed delinquency rate (30+ days) for U.S. credit cards was 3.95% for the second quarter, compared to 3.99% for 1Q/04, and 5.42% for the second quarter of 2003. The net charge-off rate for U.S. credit cards was 5.10% for the second quarter, compared to 5.41% for the first quarter, and 7.63% one-year ago. The overall managed revenue margin declined to 12.53% in the second quarter from 13.38% in the previous quarter, and 14.85% in the second quarter of 2003. Capital One says the decline is reflective of its decision to focus less on US credit cards, diversifying into lower-loss assets. At the end of the second quarter Cap One had $45.2 billion in U.S. card loans, compared to $45.3 billion in the first quarter. COF’s global managed loan portfolio grew by $1.6 billion to $73.4 billion in 2Q/04. Meanwhile, Capital One confirmed Wednesday it is dropping 1,100 positions at its Tampa facility and approximately 160 positions in Dallas and 120 positions in Richmond, Virginia. For complete details on Capital One’s second quarter performance visit CardData ([www.carddata.com][1]).

COF U.S. CARD NET INCOME
2Q/03: $274.2 million
3Q/03: $276.2 million
4Q/03: $322.7 million
1Q/04: $386.8 million
2Q/04: $384.1 million
Source: CardData (www.carddata.com)

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

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Global Payments Revenues Jump 35%

Atlanta-based Global Payments reports that income for the quarter ended May 31st, grew 35% to $181.8 million. Excluding restructuring charges and a gain on the sale of an investment, net income grew 30% to $18.0 million. During the quarter, the Company recognized a $4.9 million restructuring charge. For fiscal 2005, which started June 1, 2004, GPN expects revenue of $722 million to $743 million, or 15% to 18% growth. For complete details on Global Payments’ second quarter performance visit CardData ([www.carddata.com][1]).

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

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QUIC-PAY

JCB, AEON Credit Service, and NTT DoCoMo have developed a new payment solution that permits consumers to assign part of their existing credit limit to a specific contactless IC chip, which may be embedded in a plastic card, or incorporated in the customer’s “i-mode FeliCa” service compatible mobile phone. Th new “QUICPay” solution will be piloted in the fourth quarter. Since the “QUICPay” amount is billed to the customer’s existing credit card, the new application lets customers continue to enjoy their credit card loyalty point and mileage benefits. While users of prepaid cards must track the remaining value and take the time to reload it with cash, with “QUICPay,” they can increase the credit line amount during a payment transaction at any service supported store. In the future JCB and AEON plan to invite other credit card companies to participate in “QUICPay” in cooperation with NTT DoCoMo’s “i-mode FeliCa” service.

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Mosaic Software to Recommend Paragon ATM Tools

NC-based Paragon Application Systems has signed a referral agreement with Mosaic Software, whereby Mosaic will recommend Paragon’s ATM/EFT simulation and testing tools to its “Postilion” users worldwide. Since 2002, Mosaic Software technicians have used Paragon tools for desktop ATM simulation and development of ATM screens and states. Mosaic Software is a global EFT software company with offices in the United States, the United Kingdom, South Africa, and Australia. Paragon has dedicated its efforts to providing ATM and EFT professionals with tools to improve the reach and quality of their institution’s transactions.

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