MBNA Renews Ducks Unlimited

MBNA America Bank, N.A. and Ducks Unlimited, Inc. announced that they have signed a multi-year renewal of their 15-year-old affinity credit card agreement which, to date, has raised $35 million for wetlands conservation projects throughout the United States. Terms of the agreement were not released.

To commemorate the renewal and to acknowledge MBNA’s financial support of its conservation projects, Ducks Unlimited will dedicate two wetlands restoration projects at the Assawoman Wildlife Area in southeast Delaware to the people of MBNA. Stone cairns will be placed on each site to acknowledge MBNA’s leadership in helping conserve more than 70,000 acres of wetlands and other natural areas in all 50 states.

“The growth and success of the Ducks Unlimited affinity card program is a positive reflection of the growth and success of both MBNA and Ducks Unlimited over the last 15 years,” said John R. Cochran, Executive Vice Chairman and Chief Marketing Officer of MBNA. Mr. Cochran added, “The Ducks Unlimited affinity card program has been a model of consistent account growth and innovative marketing initiatives. But more than an exceptional business opportunity, our partnership with Ducks Unlimited has allowed MBNA to play an important role in preserving tens of thousands of acres of prime wetlands for this and future generations. The Ducks Unlimited partnership with MBNA is a terrific example of an effective affinity card program.”

“Never have the words `a great business partnership’ seemed more fitting than when I think of DU’s relationship with MBNA,” says DU’s Executive Vice President, Don Young. “This is a team effort that’s bringing together consumers and leaders in the financial and conservation world, all in support of one common concern – habitat conservation. Year after year, this affinity credit card program contributes significant funds to DU’s habitat conservation work, and we look forward to many more years of partnering with MBNA.”

About MBNA

MBNA Corporation (NYSE: KRB), a bank holding company and parent of MBNA America Bank, N.A., a national bank, has $97.5 billion in managed loans. MBNA, the largest independent credit card lender in the world, also provides retail deposit, consumer loan and insurance products. MBNA.com (http://www.MBNA.com) provides credit card, consumer loan, retail deposit, travel and shopping services.

About Ducks Unlimited

With more than a million supporters, Ducks Unlimited is the world’s largest and most successful wetland and waterfowl conservation organization. The United States alone has lost more than half of its original wetlands — nature’s most productive ecosystems — and continues to lose more than 100,000 wetland acres every year. Look for Ducks Unlimited on the World Wide Web at , and tune in to The World of Ducks Unlimited radio program airing across the nation.


MasterCard Biz Cards

MasterCard International will announce Thursday a new suite of corporate charge card services targeted at medium-sized business. Among the ‘MasterCard Middle Market Solution’ services offered will be online payment tracking, expense management, an airline travel rewards program, and stored value cards. The initiative will be targeted to companies with annual sales between $10 million to $250 million, and between 100 and 250 employees. The ‘MasterCard Corporate Multi Card’, allows mid-sized businesses to combine their T&E, purchasing and fleet expenses into a single, manageable program.• ‘MasterCard Smart Data OnLine’ allows businesses to track, view and manage card expenditures across the entire organization. • The ‘MasterCard Rewards Program’ can be customized by the issuer to best fit its middle-market customer. • Bank One has reportedly signed on for the new MasterCard program.


eAppliance Certified for SwipeNet 2100

eAppliance Payments Solutions, Inc., a subsidiary of MB Software Corporation, announced it has received certification, allowing merchant transaction processing via the SwipeNet 2100 platform and accompanying applications with Global Payments Inc., a leading provider of electronic processing services. “This certification is a major step toward our product’s launch and opens up new avenues of revenue to MBSC,” said Scott A. Haire, President of MBSC. He added, “We are extremely pleased to work with Global Payments.”

“Global Payments is pleased to offer processing services to customers of eAppliance,” said Director of Product Integration, Jill Gapper. “We work with many third party application providers and are pleased to add eAppliance to our list of third party certified products,” she added.

Global Payments Inc. (NYSE:GPN) is a leading provider of electronic transaction processing services to merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, United Kingdom and Europe. Global Payments offers a comprehensive line of payment solutions, including credit card and debit cards, business-to-business purchasing cards, gift cards, Electronic Benefits Transfers (EBT) cards, check guarantee, check verification and recovery, terminal management and funds transfer services.

About MB Software Corporation:

MB Software Corporation (OTCBB:MBSC) with its corporate headquarters in Arlington, Texas, offer merchants transaction based processing and other services via its point of sale hardware. The Company’s point of sale devices have Internet-based services as well as database management services which are offered to small and medium sized merchants of any type.

For more information on the Company please visit the Company’s Website at [www.eappliance-solutions.com][1].

[1]: http://www.eappliance-solutions.com


Digital Insight 4Q/01

Digital Insight reported revenues for the fourth quarter of $27.0 million, a 49% increase over 4Q/00. Pro forma net income for the quarter was $1.2 million and EBITDA profitability was $4.2 million. Net loss for the quarter was $8.7 million, compared to a net loss of $16.5 million for the corresponding period in 2000. The Company added 230,000 active Internet banking end-users during the quarter, ending the year with 2,420,000 active end-users, representing an 11% increase from the prior quarter and a 56% increase from the same period last year. The Company had a total of 992 Internet banking clients with live sites at year-end. Lending applications processed during the quarter totaled 89,716 versus 86,849 in the prior quarter and 65,000 a year ago. For complete details on Digital Insight’s 4Q/01 results visit CardData (www.carddata.com).


Fair Isaac 4Q/01

Fair, Isaac and Company, Incorporated, the leader in customer analytics and decision technology, announced financial results for the first fiscal quarter ended December 31, 2001.

Revenues for the first quarter of fiscal 2002 reached $85.1 million, up 10% from $77.1 million reported in the first quarter of fiscal 2001. Net income for the period rose 54% to $13.5 million, or $0.57 per share (diluted), compared with net income of $8.8 million, or $0.40 per share (diluted), reported in the first quarter of fiscal 2001. These results include an approximate gain of one-cent per share from the sale of long-term investments in the first quarter of fiscal 2002.

“The solid growth in our earnings and revenue for the first quarter illustrates the vigor of our business model and the continued demand for our analytic solutions, despite economic conditions,” said Tom Grudnowski, CEO of Fair, Isaac. “Our core scoring business remains strong, driven by demand from credit card issuers, as well as the favorable mortgage and auto lending environments. We also saw an increase in our software sales in the first quarter, both to our installed base as well as to new clients.”

About Fair, Isaac

Fair, Isaac is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The Company’s predictive modeling, decision analysis, intelligence management and decision engine systems power more than 14 billion decisions a year. Founded in 1956, Fair, Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce risk and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair, Isaac’s analytic solutions, as do insurers, retailers, telecommunications providers and other customer-oriented companies. Through the www.myfico.com Web site, consumers use the Company’s FICO(R) scores, the standard measure of credit risk, to manage their financial health. For more information, visit [www.fairisaac.com.][1]

For complete details on Fair Isaac’s 4Q/01 results visit CardData ([www.carddata.com][2]).

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


Compucredit 4Q/01

The woes among sub-prime credit card issuers continues as Atlanta-based CompuCredit indicated yesterday it could post a slight loss for the fourth quarter. The issuer released a preliminary earnings report that showed 4Q/01 net income of $5.6 million but with a note that it may have to decrease net income for the fourth quarter by $5.8 million, due to a loss on the sale of two securitizations. CompuCredit sold two subordinate interests in its securitizations for net proceeds of approximately $26 million, however the aggregate face amount of these two interests was approximately $36 million. The company is in discussions with auditors over the treatment of the loss on sale. Meanwhile, CompuCredit reported the net charge-off rate was 15.3% in the fourth quarter, as compared to 13.3% one year ago. At the end of 2001, the 60+ day managed delinquency rate was 11.1% as compared to 9.5% for 4Q/00. The issuer also reported $1.9 billion in year-end receivables and 2,185,000 gross accounts. CompuCredit has been ramping expenses down including the layoff of approximately 70 people. For complete details on CompuCredit’s preliminary fourth quarter report visit CardData (www.carddata.com).


Decision Manager for Credit Cards

HNC Software Inc., a leading provider of high-end analytics and decision management software, announced the availability of HNC Decision Manager for Credit Cards, which was developed to help mid-sized companies in the financial services industry process credit card applications more efficiently and with less risk.

Based on proven HNC Decision Manager technology used by several of the largest credit card users worldwide, Decision Manager for Credit Cards is specifically designed to assist credit card companies around the world quickly benefit from the product’s automated, high-speed decisioning capabilities. In addition, the software currently decisions one-third of all U.S. credit card applications.

The software, which can easily be customized to meet an organization’s unique needs, enables companies to realize a shorter return on investment and a significant reduction in implementation time and costs.

“The ease of integration and the speed of implementation made the product the right choice for us,” explained Christine Croucher, executive vice president at Canadian Imperial Bank of Commerce (CIBC), which is the first customer to implement Decision Manager for Credit Cards. “By replacing our current system with HNC’s, we expect to be able to more effectively process our applications, increasing our profitability and enhancing our relationship with customers.” Further demonstrating the product’s international appeal, two financial institutions in the Asia Pacific region also have recently purchased HNC Decision Manager for Credit Cards.

“We’ve invested significantly in our decisioning technology, and are committed to providing HNC customers with distinct advantages that we don’t believe are available in other companies’ products,” said John Mutch, chief executive officer of HNC. “We expect to continue increasing our market share as we continue offering benefits our competitors don’t provide.”

HNC Decision Manager for Credit Cards is one of several new products HNC plans to market based on its advanced decisioning technology. Additional pre-configured versions of HNC Decision Manager are planned for the insurance industry and other lines of business within the financial services industry.

About HNC Software

HNC is a leading provider of high-end analytic and decision management software that enables global companies to manage customer interactions by converting data and business experiences into real-time recommendations. HNC’s proven software empowers Global 2000 companies in the financial services, insurance, telecommunications, health care, and other industries and governments to make millions of the right mission-critical customer decisions, and take action in real time, substantially improving financial performance, reducing costs and decreasing risk. For more information, visit [www.hnc.com][1].

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


Fleet 4Q/01

FleetBoston announced this morning a loss for the fourth quarter of $507 million due to fourth quarter charges of $650 million primarily related to valuation adjustments in principal investing and loan reserve strengthening, and $538 million of after-tax charges related to Argentina. Fleet posted a 6% annual gain in receivables during 2001 while the issuer’s charge volume soared by 28%. Fleet reported 5,508,000 active accounts for the fourth quarter compared to 5,240,000 for 3Q/01 and 5,300,000 one year ago. For latest 4Q/01 portfolio stats for the nation’s top 350 issuers visit CardData (www.carddata.com).

4Q/01 3Q/01 2Q/01 1Q/01 4Q/00 Y/Y CHG
RECV $15.6b $14.6b $14.5b $14.1b $14.7b +6.1%
VOL $ 6.8b $ 5.8b $ 5.5b $ 4.3b $ 5.3b +28.3%
ACCTS 7.0m 7.2m 6.6m 6.5m 6.8m +2.9%
Source: CardData (www.carddata.com)



Retail Decisions, a leading card-based transactions services business providing fraud prevention to the finance, telecommunications, retail and e-commerce sectors, announces the first ever national credit card fraud detection system for South Africa.

Retail Decisions also announces that ABSA Bank, Nedcor Bank and Standard Bank of South Africa have signed on to use its PRISM system. Deployed at a central location by Retail Decisions, the PRISM software will enable card issuers and acquirers to utilize a single infrastructure and achieve economies of scale, given that fraud is not a competitive issue but rather one on which all financial organizations need to cooperate.

PRISM uses a self-learning neural network fraud detection model using transaction data that will be provided by ABSA, Nedcor, Standard Bank, Diners Club and American Express, to monitor card transactions. The system compares each transaction with historical account patterns and confirmed fraud activity. When the transaction is deemed to be suspicious by the neural network, or if the transaction matches one of the client bank’s pre-defined fraud detection criteria, it is routed to a fraud analyst at the client bank for review.

The new service complements Retail Decisions’ existing service, Card Clear, which is used by the leading banks and retailers in South Africa. Card transactions are screened against the Industry Negative Card File (“INCF”), South Africa’s most comprehensive file of lost, stolen and delinquent cards. Retail Decisions will collate and update the INCF for the banks and retailers using information gleaned from the PRISM system. The INCF currently contains more than 2 million records from South African card issuers and over 5 million records from other international card issuers.

Carl Clump, Chief Executive of Retail Decisions, said today:

“We have consistently been looking to cross-market our whole range of services into new territories. The adoption of our PRISM service by key players in the South African banking industry is absolutely in line with this strategy.

“We are therefore very pleased to collaborate with ABSA, Nedcor Bank and Standard Bank to develop this country-wide solution. This new service uses state-of-the-art fraud detection software, powered by transaction information from three of the leading card issuers to assist them in minimizing payment card losses. We hope to be able to provide this service to additional banks over the coming months.”

“On December 7, 2001, we stated that the group had been performing in line with expectations and that the outlook for the financial year ended December 31, 2001 remained positive. This position has not changed and we intend to announce our preliminary results for the year just ended in March 2002.”


ReD PRISM, a division of Retail Decisions, Inc., is a leading provider of intelligent decision-support solutions for the financial services and e-commerce industries. ReD PRISM’s client/server products incorporate innovative pattern-recognition technologies ideally suited for data-intensive, real-time decision applications. The company’s products provide predictive fraud detection and case management for e-commerce fraud, credit, debit and retail (private-label) card fraud, as well as merchant fraud and money laundering.

About ABSA

Source: Absa Annual Report 2001

On January 26, 1991, the largest merger in South African banking history brought into being the Amalgamated Banks of South Africa Limited, the largest banking group in Africa, with R50 billion assets. The Group was renamed Absa Group Limited in 1997, and assets have grown to R197 billion.

About Nedcor

Nedcor is a leading South African financial services group. It is the country’s second largest banking group in terms of market capitalisation, with a value of over US$5billion. Listed on the Johannesburg Stock Exchange, Nedcor has assets of over US$21billion. The group’s activities encompass a wide range of services -from commercial banking, merchant banking and trusts, to related financial services.

About Standard Bank of South Africa

Rooted in Africa and with strategic representation in key sub-Saharan markets, the Standard Bank Group is a regional banking force with a global sweep. Its holding company, Standard Bank Investment Corporation Limited (Stanbic), is based in Johannesburg, South Africa. Stanbic is an internationally significant bank with assets of R309 billion and 30,000 staff spread over five continents. It provides world-class banking products to clients ranging from corporates, parastatal enterprises and governments to individuals needing simple savings facilities.

Standard Bank operates through four business units: Retail Banking for personal and small business customers within South Africa; Standard Corporate and Merchant Bank for business banking; Stanbic Africa; and International Operations.


ACE 4Q/01

ACE Cash Express reported Monday that its payday loan business through Goleta National Bank is its fastest growing business segment. The Company says it anticipates the number of GNB loan transactions in which participations are purchased, which was 989,000 in the last two quarters to reach approximately 460,000 in the current quarter. ACE’s total revenue for the quarter ending 12/31/01, increased 21%, to $54.7 million from $45.1 million. Net income for the quarter was $2.0 million. Check cashing fees increased 12% to $25.7 million and loan fees/interest increased 56% to $20.2 million. ACE also noted yesterday that it now has 171 self-service check-cashing machines deployed in 28 states throughout the country. For complete details on ACE Cash Express’ current and past performance visit CardData ([www.carddata.com][1]).

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


ATM Money Orders

Travelers Express, the leading money order company in the United States, announced the start of a pilot program that allows retail customers to purchase money orders with cash or debit cards from automated teller machines at selected retail outlets.

“We’re excited to bring this new delivery system to the marketplace,” said Phil Milne, president and chief executive officer of Travelers Express/MoneyGram. “Customers and agents who sell our money orders have been asking for this kind of technology for a long time because their customers can now avoid lines and get even faster service.”

The pilot program enables retail customers to purchase Travelers Express money orders from Diebold ATMs. While most retail stores currently sell money orders at customer service counters, the new self-service technology allows customers the added convenience of buying money orders when customer service counters are busy or closed or in stores where money orders are not currently sold over the counter.

“This program effectively migrates traffic away from customer service counters to the ATM,” said Thomas W. Swidarski, vice president, Strategic Development & Global Marketing at Diebold. “Stores are now able to utilize personnel to focus on other value- added customer-service activities.”

Diebold also conducted a usability study with some 100 participants to assess the acceptance of the ATM’s expanded-transaction set, testing features such as ease-of-use, proper text messaging, ergonomics of the hardware and overall acceptance of purchasing money orders via a self-service device. Results of the study were extremely favorable, with many participants preferring to use an ATM rather than standing in line at a service counter to buy money orders.

Minneapolis-based Travelers Express is a leader in the payment services industry, providing services to both the retail and financial institution markets. The company’s MoneyGram money transfer service is available around the world in more than 150 countries. Travelers Express is a subsidiary of Phoenix-based Viad Corp, (NYSE:VVI), a $1.7 billion business services company. For more information, visit the company’s Web site at [www.travelersexpress.com][1].

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


AmEx 4Q/01

American Express Travel Related Services reported fourth quarter net income of $170 million, a 64% decline from 4Q/00. Weak business charge volume and higher provisions for losses were the major factors for the decline. However these factors were partly offset by the decline in marketing/promotion expenses and a lower payroll. Included in the 4Q/01 results are $219 million pre-tax ($140 million after-tax) of restructuring charges. Excluding the restructuring charge, TRS 4Q/01 net income would have been $310 million, down 34% from last year. Fourth quarter charge volume was down 5.5% compared to 4Q/00. Card loans have also slowed to an 11.5% annual growth rate, compared to 15.5% growth rate for 3Q/01. Charge-offs have soared 34% over the past twelve months while delinquency has increase nearly 18%. Thanks to lower funding costs, the net interest yield has dropped almost 25% and interest expense was down 35%. For complete details on American Express current and past performance visit CardData ([www.carddata.com][1]).

American Express U.S. Card Portfolio Snapshot
4Q/01 3Q/01 2Q/01 1Q/01 4Q/00 Ann Chng
Volume $55.8b 54.4b $58.8b $55.6b $59.0b – 5.5%
Loans $32.0b 31.3b $31.2b $30.2b $28.7b +11.5%
Cards 34.6m 34.7m 34.6m 34.2m 33.3m + 3.8%
Delinq* 3.3% 3.2% 2.9% 2.9% 2.8% +17.9%
Losses 5.9% 5.6% 5.7% 5.1% 4.4% +34.1%
Yield** 9.6% 8.8% 8.6% 8.3% 7.7% +24.7%
* 30+ days past due; ** net interest yield
Source: CardData(www.carddata.com)

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