Triton ATMs use ScanSoft RealSpeak

Triton has selected “ScanSoft RealSpeak” to voice-enable ATMs nationwide. RealSpeak easily guides a visually impaired user through a transaction, which includes instructions to assist with account balance, cash withdrawal, results of the transaction, errors that may have occurred and other pertinent information. ScanSoft’s RealSpeak is the market-leading product for converting text into human-sounding synthesized speech, and the technology is used for a wide range of applications.

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EURO-PLANET SERBIA

Razvojna banka Banja Luka has become Euronet’s tenth bank customer for EFT outsourcing services. The deal came through EuroPlanet, Euronet’s joint venture in Serbia with Komercijalna banka, and Arius. EuroPlanet has contracts in place with seven banks in Serbia and Montenegro and three in Bosnia Hercegovina. As of July, 50 ATMs, 76,000 debit cards and 312 POS terminals are being operated from EuroPlanet’s processing center in Belgrade. EuroPlanet estimates that it now services approximately 40% of all ATMs in the Serbian market and approximately 30% of all cards in the Serbia and Montenegro market.

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Advanta Business Card Loans Up 28%

Advanta reported that its “MasterCard Businesscard” portfolio hit $2,807,945,000 in the second quarter, compared to $2,744,182,000 in the first quarter, and $2,188,046,000 one year ago, a 28% gain. Card volume for the second quarter increased more than 28% over 2Q/02, to $1,677,804,000. Business Card results for the second quarter included an approximate 100 bps decline in net principal charge-offs on managed receivables to 8.0%, on an annualized basis, as compared to 9.0% for 2Q/02. Over 30 day delinquencies on managed receivables declined 31 bps to 6.28%, and over 90 day delinquencies on managed receivables decreased 17 bps to 3.19%, as compared to second quarter 2002. For complete details on Advanta’s 2Q/03 performance visit CardData ([www.carddata.com][1]).

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

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Certegy’s Revenues and Profits Decline Slightly

Certegy reported second quarter revenue of $247.4 million and net income of $23.0 million, a decline of 3.1% and 0.1% respectively. Card Services generated revenue of $160.3 million in the second quarter, a decline of 7.1% over the 2002 quarter, due largely to declines in South America. Card Issuer Services 2Q/03 revenues declined 1.6% to $114.3 million. Check Services generated revenue of $87.1 million in the second quarter, an increase of 5.1% over 2Q/02. Merchant Processing Services produced revenue of $43.7 million, a 19.4% decline over the same year-ago quarter. Software and Support posted 2Q/03 revenues of $247,392, a 3.1% decline over 2Q/02. Certegy’s global card base totaled 45.1 million at quarter-end, with 23.0 million domestic cards, and 22.1 million international cards. Domestic card issuing transaction volumes increased by 9.8% over the prior-year quarter, driven primarily by 18.2% growth in debit card transactions. For complete details on Certegy’s 2Q/03 results visit CardData ([www.carddata.com][1]).

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

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Netegrity Revenues Up 13% in 2Q/03

MA-based Netegrity reported second quarter revenues of $18.9 million, a 13% increase over first quarter revenues. License revenues for the second quarter of 2003 were $10.7 million, a 27% increase over license revenues of $8.4 million in the first quarter. Netegrity had $94.2 million in cash and marketable securities, as of June 30, 2003. The Company expects growth in license revenue for Q3 versus Q2 of approximately 3 percent, which would equate to total revenue growth by 3 percent as well.

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ABN AMRO & NACHA

Netherlands-based ABN AMRO has joined Virginia-based NACHA – The Electronic Payments Association. NACHA now has 37 members consisting of 21 payments associations and 16 financial institutions. The other financial institution members of NACHA are American Express Centurion Bank, Bank of America, Bank One, BB&T Corporation, Capital One, Citibank, Commerce Bank, Discover Bank, FleetBoston Financial, J.P. Morgan Chase, Mellon, National City, U.S. Bank, Wachovia, and Wells Fargo. ABN AMRO is an international bank with total assets in excess of EUR 600 billion.

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NPC Nails Sheetz’s Processing Contract

National Processing has signed a multi-year credit and debit card processing agreement with Sheetz and its 290 locations in five states. Sheetz, founded in 1952, has become one of the industry’s leading quick service retailers. Every store features a touch screen ordering system, this technology combined with upgraded back office software and fast checkout scanning systems allows Sheetz to service their customers better and faster than the competition.

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STM 2Q/03

STMicroelectronics reported that net revenues for the second quarter were $1.7 billion, a 5.2% sequential increase over first quarter and
11.2% above last year’s second quarter. Gross profit was $607.3 million, a 7.2% sequential increase from the prior quarter, and 5.5% above the
2002 second quarter. Revenues for memory products declined 12.9% to $286.7 million however Consumer and Microcontroller revenues increased 8.3% to $312.5 million. On May 22nd, STM announced the acquisition of the assets and business of Incard SpA, a smart card maker that specializes in the telecom market.

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MBNA 2Q/03 Profits Up 20%

MBNA reported net income for the second quarter of $543.3 million, an increase of 20% compared to the second quarter of 2002. Managed loans were up 11% and charge volume was up 15%. Total managed loans at the end of 2Q/03 were $110.5 billion and charge volume was $45.4 billion. Managed charge-offs were 5.35%, compared to 5.47% in the previous quarter, and 5.09% one year ago. Delinquency on managed loans were 4.46%, compared to 4.74% in 1Q/03, and 4.80% in 2Q/02. During the quarter MBNA added 3.0 million new accounts, compared to 2.3 million in the first quarter. The issuer signed 125 new affinity card deals during the quarter. The issuer also renewed 318 affinity group contracts during 2Q/03. For complete details on MBNA’s second quarter results visit CardData ([www.carddata.com][1]).

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

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Corillian Reaches Accounting Profitability in 2Q/03

OR-based Corillian posted net income of $1.8 million in the second quarter on revenues of $11.5 million. Cash and investment balances at the end of the second quarter were $24.5 million, compared to $21.4 million at the end of the first quarter of 2003. Corillian anticipates third quarter 2003 revenues will be in the range of $10 to $11 million and reaffirms that revenues for 2003 will be in the range of $43 to $45 million.

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E-Chex Names CFO

Texas-based National E.Commerce Corporation, developer of “E-Chex” and “E-Chex PC,” has named Charles Cunningham as CFO. Cunningham has served in a variety of corporate financial capacities over the past 20 years, including serving as Chief Financial Officer for both public and private companies. Prior to E-Chex, he erved as Chief Financial Officer for e resources inc until its merger with Central Wireless in June of 2002.

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CREDIT CARD USAGE

Cardholder activities among consumers in Shanghai, Guangzhou, Shenyang, Deyang, and Hangzhou vary widely according to a new research report. Holders of credit cards in Shanghai and Guangzhou use their cards more frequently for purchase transactions than do their counterparts in other major cities, with 71.7% of card holders in Guangzhou using their credit card at least seven times per month over a six-month period compared with just 25.5% in Deyang and around 30% in Shenyang. According to the study by the School of Management at Fudan University in Shanghai and underwritten by MasterCard, cardholders in Shanghai and Guangzhou use their cards more frequently for shopping than their counterparts in Shenyang, Hangzhou and Deyang, with cardholders in those three cities spending comparatively more, and using their cards more frequently, on hotel accommodation. Not surprisingly, taken across all cities expenditure on shopping and dining out accounts for most of the credit card transaction volume.

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