MasterCard Europe

MasterCard’s gross dollar volume for Europe increased more than 16% during the fourth quarter to $68.8 billion while GDV for all of 2002 rose almost 15.0% to US$242.6 billion. For 4Q/02 MasterCard processed 852 million purchase transactions and 177 million cash advance transactions, up 16% and 9% over 4Q/01, respectively. At the end of the year, MasterCard had 77.2 million accounts representing 87 million cardholders, according to The RAM Report ([www.ramreport.com][1]). Europe is the largest cardholder base for MasterCard’s PIN-based debit, “Maestro,” with 226.1 million cards. Merchant acceptance in the European region was flat during 2002 at 5.9 million merchants. MasterCard noted that a key milestone last year was the completion of the merger with Europay International to form a unified, shareholder-owned, global payments company. Europay is now MasterCard’s Europe region. In connection with the merger, MasterCard launched two “Centers of Excellence” in Waterloo, Belgium, one for debit and one for chip and mobile commerce.

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

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MASTERCARD EUROPE

MasterCard’s gross dollar volume for Europe increased more than 16% during
the fourth quarter to $68.8 billion while GDV for all of 2002 rose almost
15.0% to US$242.6 billion. For 4Q/02 MasterCard processed 852 million
purchase transactions and 177 million cash advance transactions, up 16% and
9% over 4Q/01, respectively. At the end of the year, MasterCard had 77.2
million accounts representing 87 million cardholders. Europe is the largest
cardholder base for MasterCard’s PIN-based debit, “Maestro,” with 226.1
million cards. Merchant acceptance in the European region was flat during
2002 at 5.9 million merchants.
MasterCard noted that a key milestone last year was the completion of the
merger with Europay International to form a unified, shareholder-owned,
global payments company. Europay is now MasterCard’s Europe region. In
connection with the merger, MasterCard launched two “Centers of Excellence”
in Waterloo, Belgium, one for debit and one for chip and mobile commerce.

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Intercept 4Q/02

Atlanta-based InterCept reported 4Q/02 net income, excluding certain losses and impairment charges, of $2.8 million on revenues of $65.1 million. The net loss for the quarter, including all the charges, was $12.0 million, compared to net income of $3.6 million in the year ago quarter. InterCept says that an GAAP analysis determined that intangible assets of iBill and EPX were impaired. As a result the company took a charge of $20.0 million in the fourth quarter. Earlier this week InterCept announced a restructuring of its merchant services division. The Company’s merchant services operations, including Internet Billing Company, InterCept Payment Solutions (formerly EPX), as well as InterCept’s merchant portfolio operations in Tennessee, will now operate as a single business unit known as InterCept Payment Solutions. John Perry was named CEO of the unit. InterCept anticipates that 2003 earnings per share will be in the range of $0.80 to $0.90 per share. For complete details on InterCept’s latest performance visit CardData ([www.carddata.com][1]). (CF Library 3/4/03)

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

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JADE TERMINALS

CyberNet says it has inked a deal to deploy 30,000 “Jade” payment
terminals in China. The deployment follows a distribution deal with
Reigncom and Eastcom. The “Jade” terminal is powered by a 32bit processor,
has applications developed under “Java,” and is smart card ready.
Deployment in China has begun with the product “JadeSP,” a fast payment
desktop device with sprocket printer, and “JadePOS++,” the EMV upgradeable
desktop terminal. Later this year CyberNet will add “JadeSTAR,” for higher
volume Chinese businesses.

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Diebold & Mosaic

Ft. Bliss, TX FCU has become the first Diebold installation to utilize Mosaic Software’s “Postilion” advanced transaction processing software with the ULTRADATA System’s “Online Card Services” host processing system. The new software provides Ft. Bliss FCU with expanded functionality at the ATM, such as delivering one-to-one member marketing.  It also lays the foundation for future enhanced functionality, enabling the credit union to fully develop its ATM network as a retail delivery channel. Diebold entered into a reseller agreement in September 2002 to offer Mosaic’s Postilion application as part of its total ATM solution approach.

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BIOSCRYPT AWARD

Toronto-based Bioscrypt has been awarded _Product of the Year_ by
BiometriTech Magazine for its access control product. The “V-Smart
iCLASS” is a combination fingerprint biometric with integrated “iCLASS”
smart card reader by HID Corporation. Bioscrypt has over 45,000 readers
deployed worldwide. The company also offers an award winning
pattern-matching technology called, “Bioscrypt Core.”

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Brand Volume 4Q/02

Payment card volume in the USA grew 9.9% in the fourth quarter, with Discover scoring the biggest gain, although its 4Q quarter ended before the December sales period. MasterCard continued to outpace VISA with a 12.2% increase, compared to VISA’s 7.5% growth rate. VISA and MasterCard produced $327.2 billion in purchase volume during 4Q/02, a 10.6% increase. Cash advances between the two networks for 4Q/02 were $100.4 billion, a 5.1% gain, according to CardData (www.carddata.com). American Express posted a strong quarter with $62.9 billion in card volume, a 12.7% increase.

U.S. Quarterly Credit Card Charge Volume by Brand
Fourth Quarter 2002 – Credit + Off-line Debit
VISA $265.0b (+7.5%)
MasterCard $162.7b (+12.2%)
AmEX $62.9b (+12.7%)
Discover* $25.3b (+14.5%)
TOTAL: $515.9b (+9.9%)
* Discover’s fourth quarter ended 11/30/02

Source: CardData (www.carddata.com)

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EURONET & GENPASS

Budapest-based Euronet Worldwide has signed a “PaySpot” processing
agreement with Genpass. “PaySpot” is a US-based recharge services program
that enables consumers to purchase prepaid wireless airtime and
long-distance calling plans from ATMs. Consumers can go to ATMs to recharge
prepaid wireless accounts from all major wireless carriers including
Verizon Wireless, AT&T Wireless, Cingular Wireless, T-Mobile and ALLTEL as
well as approximately 25 other regional wireless carriers. Additionally,
consumers can select from ten different prepaid long-distance calling plans
for calls within the U.S., calls to Mexico and international calls.
Genpass, which drives more than 24,000 ATMs throughout the U.S. and
processes over 360 million annual transactions, will actively market
“PaySpot” transactions through its ATM processing center and will actively
market “PaySpot” services to its ATM clients, ISOs and financial institutions.

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ClearCommerce & Commerce Server

TX-based ClearCommerce says that Microsoft “Commerce Server” customers can now use its software to run financial transaction processing applications in-house in place of outsourced services to process credit cards and other payment options necessary for online commerce.  The new integration between ClearCommerce and Commerce Server 2002 gives online merchants the opportunity to bring this functionality in-house and therefore reduce costs, control their environment and take advantage of the most accurate online retail fraud detection technologies available on the market. ClearCommerce is one of the first transaction processing software vendors to complete certification for Microsoft Commerce Server 2002.

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