American Bank Note Holographics Posts Record Profits

NY-based American Bank Note Holographics reported that 2003 produced its highest profits since becoming a public company despite the expiration of a patent license agreement in January 2003. Net income for 2003 was $1.0 million, compared with a net loss of $8.1 million for 2002. Net income for the fourth quarter was $0.4 million, compared with a net loss of $9.0 million for the fourth quarter of 2002. Sales for the year were $18.3 million, compared with $18.7 million for 2002. Fourth quarter revenues were $4.8 million, compared with $4.5 million for 4Q/02. During 2003, ABNH signed two important contracts with MasterCard which expanded its relationship and extended the agreement to at least 2011. The Compay also expanded its relationship with VISA with new products that had a positive impact in 2003. ABNH also closed several new projects for secure ID products with agencies of the U.S. government and foreign governments in 2003. American Bank Note Holographics is the leader in the origination, production, and marketing of holograms. For complete details on ABNH’s latest performance visit CardData ([www.carddata.com][1]).

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

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Interlink Nears 1 Billion Annual Transactions

VISA’s “Interlink” PIN POS brand topped $10 billion in quarterly volume in the final three months of 2003, growing at an annual pace at nearly 39%. “Interlink” transactions for all of last year came in just shy of one billion. During the fourth quarter, “Interlink” produced 289 million transactions, compared to 213 million for 4Q/02, for a 36% gain. For 2003, “Interlink’s” transaction dollar volume was $35.2 billion produced by 999,589,000 transactions. VISA recently reported that “Interlink’s” pace has picked up even more since the start of this year. During January, “Interlink” posted a 43% increase in dollar volume, and a 39% increase in the number of transactions, as compared to one-year ago. At the end of the fourth quarter, “Interlink” had 1,266,024 merchants locations, and 71 million “Interlink”-branded debit cards in the marketplace. To date, there are more than 980 issuers of “Interlink.” (CF Library 3/4/04)

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Xign Fans the Marketing of its XPSN

EOP software and services provider, Xign Corporation, has hired George Fan as VP/Marketing for its Payment Services Network. Fan brings to Xign more than 15 years of operating experience in marketing, product management, and business development. Prior to joining Xign, he was a principal and co-founder of Breo Consulting, where he advised early stage technology companies — including several supply chain, procurement and financial services startups — on issues ranging from financing to corporate, market entry, and product strategies. Xign Corporation is the leading provider of Enterprise Order to Pay software and services used for B2B commerce.

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PDS to Process Charity Dollars in Texas

TX-based Payment Data Systems has signed an exclusive, multi-year merchant services and credit card gateway agreement with the United Way of San Antonio and Bexar County in Texas. Payment Data Systems President and COO Louis Hoch said, “The United Way has a long standing commitment to ensuring that the greatest portion of its charitable receipts goes to the needs it meets, rather than to overhead or operating expenses. United Way has grown into the largest and most respected, private health and human care service organization in Bexar County. Payment Data Systems, Inc. is an Integrated Payments Solution Provider that delivers comprehensive, cost-effective solutions to billers and retailers for the processing and management of electronic payments via the Internet, point of sale, or payments taken by Customer Service Representatives or an Interactive Voice Response.

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Arthur Blank Creates a Short-Run Operation

Boston-based Arthur Blank & Co has set-up a dedicated short-run manufacturing operation to produce high quality, plastic cards in days instead of weeks. The new digital press allows the company to provide fast, high-quality plastic credit cards in volumes as small as 1,000 without compromising quality. The Company said it established the operation because more clients need the same quality overlaminated plastic cards for everything from ID, membership, gift card, and loyalty programs. The short-run capability is also being enhanced with the addition of a new digital color press. Blank’s products include private label loyalty, gift, phone, credit, debit, membership, security I.D., access cards, RFID and smart cards, as well as complete card numbering and personalization.

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MBI Beefs-Up the Flex Convenience Card

MA-based MBI has added three software enhancements to its debit card technology linked to flexible spending accounts, health reimbursement arrangements, or health plans. The new features include: health plan co-payment matching; real-time transaction splitting; and, electronic substantiation of recurring expenses. MBI’s new real-time transaction splitting feature gives cardholders one-swipe convenience by automatically accessing both pre-tax and post-tax accounts simultaneously. In October, MBI introduced the first paperless, IRS-compliant system for electronically substantiating the reimbursement of over-the-counter medications. To date, over 9,000 employers and 900,000 cardholders have adopted the MBI card for use with FSAs, HRAs, Transit and DCAs.

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BannerDirect Brings Joy to the Agency

New York City-based direct marketing agency, BannerDirect, has hired Joy Hall, formerly with Morvil Design Group and J. Walter Thompson as Production Manager. BannerDirect is a full-service direct marketing agency recognized for the development and execution of direct response marketing programs for clients in the financial, entertainment, telecommunications, associations, retail, medical, insurance and publishing industries.

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Hotels.com Extends Bill Me Later Option

Hotels.com has launched a promotion to extend the “Bill Me Later” payment period provided by MD-based I4 Commerce. This powerful new payment choice enables travelers booking accommodations now through March 31, 2004 to defer payment until June 2004. Qualified travelers who choose the Bill Me Later payment option for reservations of $350 or more can defer payment without interest charges until June 2004. Hotels.com is the largest specialized provider of discount lodging reservation services worldwide, providing service through its own websites, thousands of affiliated websites, and its toll-free call centers (1-800-2-HOTELS).

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Catuity Came to the Brink of Profitability

Catuity, Inc., provider of loyalty software for transaction processors, card issuers and merchants, reported its 2003 results.

For the year ending December 31, 2003, Catuity recorded revenue of $4,982,000 as compared to 2002 revenue of $2,972,000. For the year the company reported a net loss of ($595,000) or ($.06) per share as compared to last year’s net loss of ($2,829,000) or ($.34) per share.

Catuity, Inc. is a leading provider of loyalty program management and e-coupon software to merchants, card issuers and processors. Clients of Catuity use the software to establish and administer a new breed of customer loyalty and e-coupon programs that immediately reward profitable behavior by customers at the point of sale. The patented software can be used to attract and retain customers and to encourage more valuable purchases, thereby resulting in greater revenue for the merchant or card issuer. The Catuity system supports many forms of customer ID, including mag stripe, smart cards, bar codes and RFID tokens. Catuity’s smart card loyalty applet has been loaded on millions of chip-based credit cards. Catuity’s software is in use in thousands of U.S. stores, including multi-lane mass merchandisers and local independent retailers. In addition to its innovative software, Catuity also provides marketing expertise and support services to its clients. For complete details on Catuity’s latest results visit CardData ([www.carddata.com][1]).

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

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Fujitsu and NCR Co-Develop a New ATM Cash Module

NCR and Fujitsu have developed a new cash deposit and recycling module for ATMs. The new module provides sophisticated bill-validation and cash-recycling functionality that can be flexibly adapted to meet the requirements of particular national or regional markets and customers. Enabling deposited, validated and sorted notes to be dispensed to customers making cash withdrawals, the module has the capability to make bunch-note acceptance and validation available for up to 200 notes, with support for multi-currency deposits and cassette-based note storage for up to 9,200 notes. Fujitsu will manufacture the new module for both companies’ respective ATM product offerings, which they will continue to distribute, sell and service separately.

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AmEx Renews NYC Sponsorship Deal

Madison Square Garden and Radio City Entertainment have signed a multi-year renewal sponsorship agreement with American Express. To launch the new agreement, American Express is offering Cardmembers an exclusive opportunity to purchase tickets, prior to public sale, for the Phil Collins concert on September 17th at Madison Square Garden. In addition to early on-sale ticket offers, per the agreement, American Express Cardmembers will be able to take advantage of a number of other exciting and unique benefits throughout the year. American Express Company is a diversified worldwide travel, financial and network services company founded in 1850.

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