Certegy this morning reported first quarter profits of $12.2 million on revenues of $240.2 million. Excluding special charges net income would have been $20.1 million, a 25% increase over 1Q/02. Card Services’ revenues of $157.2 million in the first quarter were flat compared to 1Q/02. Certegy says growth of 13.7% in North American card issuing revenue was largely offset by a 16.8% decline in merchant processing revenue. Check Services generated revenue of $83.0 million in the first quarter, a 7% increase over 1Q/02. During the first quarter, domestic card issuing transaction volumes increased by 10.6%, driven primarily by 22% growth in debit card transactions. For complete details on Certegy’s 1Q/03 performance visit CardData ([www.carddata.com]).