International Card Establishment Q1 Revenues Up Ten-Fold

Oxnard, CA-based International Card Establishment reported first quarter net revenues of $3.4 million, as compared to net revenues of $281,133 for the quarter ended March 31, 2003. For the quarter, the Company reported net losses of $344,723 compared to a new loss of $87,410 one-year ago. The Company is projecting revenue of $22 million for this year, its first full year as a public company. In March, the Company announced it is acquiring Irvine, CA-based gift and loyalty card provider, Neos Merchant Solutions, for $5 million in stock. I.C.E. establishes merchant accounts for businesses that enable them to accept credit cards, debit cards and other forms of electronic payments; supplies point-of-sale systems; facilitates processing; and markets a proprietary “Smart Card”-based system that enables merchants to offer store-branded gift and loyalty cards. For complete details on International Card Establishment’s first quarter results visit CardData ([www.carddata.com][1]).

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

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Fujitsu Introduces U-Scan Kiosk and U-Scan Max

TX-based Fujitsu Transaction Solutions has introduced two new models in its “U-Scan” line of self-checkout systems, including the new “U-Scan Kiosk” and dual-belt “U-Scan Max.” Fujitsu will demonstrate its U-Scan Kiosk at the Retail Systems 2004 show at McCormick Place in Chicago, May 18-19, Fujitsu booth 719. The U-Scan Max self-checkout is equipped with a dual takeaway belt that enables two shoppers to use a single unit at different stages in the self-checkout process. Fujitsu Transaction Solutions Inc. is a wholly owned subsidiary of Fujitsu Limited and the IT “lifecycle solutions” provider for retailing technologies.

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Poni Cards Eliminate Money Transfer Hassles and Hidden Costs

NJ-based American Cash Exchange has rolled-out the first POS foreign-denominated money transfer product to offer a newspaper-published interbank exchange rate. The new “Poni Cards,” which include the “Poni Cash Card” and the “Poni PIN Card,” are being sold this month in $1000, $2000 or $3000 pesos values. There are no hidden or back-end fees charged and no bank account is required to transfer the funds. Also, no statements are issued and no ID is necessary. However, the recipient of the funds is required to provide their name and address in order to receive their free “Poni Cash Card.” ACE’s technology controls and monitors the flow of funds through a system of endemic heuristics developed and implemented for the purpose of addressing the “USA PATRIOT Act” and other money laundering issues. The cards also include a free call to Mexico used to disclose the “Poni PIN,” a numeric string found under a scratch off. The new cards can be purchased this month at 100 retail locations in the launch markets of Las Vegas, Phoenix and Tucson. In Mexico, over 150,000 “Poni Cash Cards” have already been freely distributed in migrant communities in seven states. American Cash Exchange is the only non-bank, non-credit card company authorizing withdrawals from over 19,000 ATMs in the Mexican ATM network.

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RSB M/CHIP 4 CARDS

Russian Standard Bank is set to launch the first “MasterCard M/Chip 4(1)” smart credit/debit cards. Gemplus International delivered the new “GemShare” smart cards to RSB, in association with long term partner IVK Systems (the personalization solution) and TietoEnator (the host system.) The new cards will handle point of sale debit or credit, as well as pre-authorized debit payments, which enable secure off-line debit transactions. “M/Chip 4” is the most recent specification for debit and credit applications for smart cards set by MasterCard. This new version contains a range of features designed to tackle many of the industry’s most pressing needs and takes full advantage of the benefits brought by EMV 2000. Russian Standard Bank has issued more than 460,000 credit cards. Charge volume was 114 million rubles last versus 35 million in the previous year. RSB focuses on Moscow, Saint-Petersburg, Kazan, Volgograd, Ekaterinburg, Novosibirsk, Omsk, Samara, Cheljabinsk, Rostov-on-Don, Barnaul, Ufa, Perm and Nizhni Novgorod.

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Tyabji Rejoins eFunds’ Board This Month

eFunds Corporation announced that Hatim Tyabji, former Chairman/CEO of VeriFone, will rejoin the company’s board of directors at its meeting in May. Tyabji is executive chairman of Bytemobile, a mobile data infrastructure company; chairman of Datacard Group, a global provider of secure ID and card personalization; and ambassador-at-large for Benchmark Capital. Previously, he was founding chairman and CEO of Saraide.com; chairman and CEO of VeriFone; and president, information systems for the Sperry Corporation. eFunds Corporation is an industry leader with nearly 30 years of experience and expertise in electronic payments.

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Budweiser Launches a Visible Results Card in Guam

Anheuser-Busch Asia has launched the re-writeable “Bud Fresh Rewards Card” from KS-based Visible Results USA in Guam. Consumers 18 and older will earn one point for each beer they buy in the Bud family Budweiser, Bud Light or Bud Ice. Cardholders may win dozens of different prizes instantly, and can accumulate points for other rewards, which range from a can coolie to a BBQ grill and a fully-loaded Mazda 3s Sport Wagon.

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Barnes & Noble Deploys VeriFone EverestPlus Terminals

Barnes & Noble is deploying 6,500 VeriFone “EverestPlus” POS terminals to stores nationwide by the end of June. Designed to function as a customer-activated PINpad, the EverestPlus supports a broad range of payment capabilities including debit, credit, and EBT payments, in addition to check authorizations, loyalty, and gift card transactions. The EverestPlus can be easily connected with your new and existing POS devices, or run in a stand-beside LAN environment. The terminal’s user-friendly design helps customers move swiftly through lines. 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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ProPay Names Goodrich President and Hires Operations Exec

UT-based ProPay has added president to CEO Gary Goodrich’s titles and has added Nicholas Baxter to its board of directors and Cynthia Smith as EVP/Operations. New board member Baxter brings a wealth of experience in the electronic payments industry to the company. He is currently chairman of First National Merchant Solutions and a senior vice president and board member at First National Bank of Omaha. ProPay is a popular choice among the 13 million Americans engaged in the direct selling industry, partnering with such billion-dollar companies as Mary Kay, Nu Skin Enterprises, Herbalife and many others for retail payment needs.

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NetSpend Up for an Ernst & Young Award

TX-based NetSpend announced that company founders Roy and Bertrand Sosa have been named finalists by Ernst & Young for the “2004 Entrepreneur of the Year” award. The NetSpend founders were selected for this award based on the company s aggressive growth and track record. Through nationwide partnerships with retailers and check cashing stores, NetSpend is the largest and fastest growing prepaid debit card marketer in the country. NetSpend Corporation is the proven leader for prepaid stored value platforms, offering an end-to-end approach that is unique in the prepaid payments industry. Ernst & Young, a global leader in professional services, is committed to restoring the public s trust in professional services firms and in the quality of financial reporting.

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Deluxe Acquires New England Business Service

MN-based Deluxe Corporation has entered into a definitive agreement to acquire New England Business Service, a Groton, MA-based provider of products and services to small businesses. Under the terms of the agreement, Deluxe will pay $44.00 in cash for each New England Business Service share and will assume NEBS’ outstanding debt, which is estimated to total approximately $160 million at June 30, 2004. Deluxe Corporation provides personal and business checks, business forms, labels, personalized stamps, fraud prevention services and customer retention programs to banks, credit unions, financial services companies, consumers and small businesses. New England Business Service, Inc. is a leading business-to-business company with approximately 3.1 million active small business customers in the United States, Canada, the United Kingdom and France.

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VISA Braces for $5MM Smarty Jones Pay-Out

VISA is bracing for a $5 million pay-out should “Smarty Jones” win the Belmont Stakes and become the 12th horse in history to win the “Triple Crown.” VISA has been holding the bonus for eight years as part of its “VISA Triple Crown Challenge Bonus.” VISA is the official card of the “Triple Crown.” Visa also has a year-round partnership with Churchill Downs, Pimlico and Belmont Park. VISA says that due in part to its brand marketing efforts, national television advertising and the $5 million bonus, thoroughbred racing has experienced an increase in popularity since it became title sponsor in 1996.

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