Euronet Posts 2Q/10 Revenues Down 1.8% Y/Y

Euronet Worldwide posted 2Q/10 revenues of $244.2 million, down from the 2Q/09 figure of $248.6 million and 1Q/10 figure of $250.0 million. This reflects its lowest revenue since the first quarter of last year. However, the EFT Processing Segment reported revenues of $46.5 million, compared to $45.6 million in 2Q/09, Transactions of 197.3 million, compared to 174.3 million in 2Q/09, and operated 10,408 ATMs as of June 30, 2010, compared to 9,336 ATMs as of June 30, 2009. The epay Segment reported revenues of $137.6 million, compared to $145.2 million for the second quarter 2009, and transactions of 204.4 million, compared to 194.2 million in 2Q/09. The Money Transfer Segment reported revenues of $60.1 million, compared to $57.8 million for the second quarter 2009, transfer transactions of 4.7 million, compared to 4.5 million for the second quarter 2009, and transaction growth of 18% from non-U.S. markets outpaced continued declines in money transfers from the U.S. to Mexico of 10%, resulting in 4% revenue growth. For complete details on Euronet’s quarterly results visit CardData (www.carddata.com).

EURONET REVENUE HISTORICAL
1Q/09: $233.7 million
2Q/09: $248.6 million
3Q/09: $264.8 million
4Q/09: $285.6 million
1Q/10: $250.0 million
2Q/10: $244.2 million
SOURCE: Cardata.com

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RBS Names Head of Global Payments

Wilco Dado has been appointed Head of Global Payments, Global Transaction Services (GTS), RBS. Previously Head of GTS in the Netherlands, Dado will manage global payment services and cash management for corporate and institutional clients in his new position. Bringing with him more than 20 years of experience in transaction banking, he has a background in cash management, electronic banking, relationship banking and product management. Wilco will also seek to further develop and execute an integrated payments strategy bringing together the key challenges of payments and collections and will look to develop products, with a key focus on SEPA.

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Compass Plus Launches Internet Banking Solution

Compass Plus electronic funds transfer (EFT) and retail banking software has unveiled its “TranzWare” Internet Banking. Offering customers a gateway to conduct online banking operations, “TranzWare” Internet Banking interface features movable modules that enable users to customize the way they view their accounts, resulting in an application appearance and functionality controlled entirely by the user. With individuals’ preferences being hosted by the financial institution, users have the same layout from wherever they access the account. Through TranzWare Internet Banking, a customer or credit union member can move an active account to the top of the screen while downplaying less frequently used functions.

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Fiserv Posts 2Q/10 Revenues Up 2% Y/Y

Fiserv posted its 2Q/10 revenues, up 2% since the year ago period to $970 million. This was thanks to a 3% growth in the Payments segment and 1% growth in the Financial segment. The Company’s operating margin increased 70 basis points in the quarter to 29.6%. During the quarter, Fiserv launched its “ZashPay” person-to-person payments service, for which more than 160 financial institutions agreed to offer customers, and signed 157 electronic bill payment clients and 58 debit clients. Additionally, The Westpac Group chose Fiserv’s “Corillian Online” and “Voyager” banking solutions to serve its retail banking, small and medium-sized businesses and corporate online customers. For complete details on Fiserv’s third quarter performance visit CardData (www.carddata.com).

FISERV REVENUE
4Q/08: $984 million
1Q/09: $968 million
2Q/09: $951 million
3Q/09: $992 million
4Q/09: $1.01 billion
1Q/10: $954 million
2Q/10: $970 million
Source: CardData (www.carddata.com)

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ProPay Launches Online Virtual Terminal

ProPay payment security, card processing and e-payment, has introduced its “ProtectPay Online Virtual Terminal” (OVT), to allow merchants to securely store customer payment information in the “ProtectPay Vault.” With “ProtectPay OVT,” ProPay extends the data security and compliance benefits of ProPay’s secure payment solutions to small- and medium-sized businesses, including the sole proprietor or home business. It also allows merchants to reduce or remove PCI compliance obligations and risks associated with data compromise by storing their customers’ card data securely with ProPay. Additional features offered include secure storage of customer payment information while allowing merchants to use the data for repeat billing.

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Fiserv Launches Online Banking for Westpac

The Westpac Group has selected online consumer, business banking and corporate services from Fiserv to power the bank’s Online Transformation Program. With this, Westpac will bring increasingly more sophisticated online services and tools to its consumer and business customers. This is in addition to Westpac having implemented the Fiserv “Corillian Online” and “Voyager” banking solutions. Fiserv and The Westpac Group will collaborate to provide online services through a customer-centric design which will enable customers to drive their transactions through a multi-lingual, customizable user interface and the ability to interface with multiple mobile devices. With “Corillian Online,” users can access relevant, actionable information while “Voyager” targets business banking users.

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Wells Fargo Small Business Index Slips 17%

Fewer U.S. small business owners expect revenues, cash flow, capital spending and hiring to increase over the next 12 months. Credit conditions improved modestly for businesses in July, with 32% reporting it was “somewhat” or “very difficult” to obtain over the past 12 months, down from 36% in April. These findings, according to the July Wells Fargo/Gallup “Small Business Index,” also show 42% of business owners expect credit to remain “somewhat” or “very difficult” to obtain over the next 12 months as. This data translated to a 17-point decline from April in the survey’s index of business owner confidence, finishing at (-28), the lowest score since the survey’s inception. The Index is the sum of “present situation” and “future expectations” of small business owners for six key measures. Future indications show 38% expect their companies’ revenues to increase over the next 12 months; 43% expect their companies’ cash flow to increase; 37% expect their companies’ allocation for capital spending to decrease over the next 12 months; and 13% expect the overall number of jobs at their companies to increase. Presently, 36% rated their cash flow as somewhat or very good for the past 12 months.

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APR DEBT

Wincor Nixdorf AG completed the first nine months of the current 2009/2010 fiscal year with a decline in net sales and operating profit (EBITA). In the first nine months net sales contracted by 3% to EUR1,682 million (previous year: EUR1,729 million). EBITA declined by 12% to EUR121 million (EUR138 million). Accordingly, the EBITA margin fell by 0.8 percentage points to 7.2% (8.0%). Profit for the period was down 8% to EUR80 million (EUR87 million). In the third quarter of the current fiscal year net sales for the Group rose by 5% to EUR521 million (EUR496 million). In the same period, EBITA fell by 6% to EUR33 million (EUR35 million). Against the backdrop of a sluggish quarterly performance, as anticipated, the company confirms its outlook for fiscal 2009/2010 as a whole. Net sales in the Banking segment ended the first nine months of fiscal 2009/2010 5% lower at EUR1,132 million (EUR1,195 million). In the third quarter, net sales grew by 3%.

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Giftango Delivers Virtual Gift Cards to 35 National Brands

Giftango virtual gift cards has signed 35 additional national merchant brands in retail, travel, hospitality, cosmetics and consumer electronics. Simplifying the management and delivery of virtual gift cards for both issuers and distributors, Giftango’s solution allows Incentive and Loyalty companies to make a onetime connection to Giftango and issue gift cards to the consumer’s email address and or mobile device. This lowers fulfillment costs, inventory concerns, verified delivery, retail outlet acceptance, and the ability for the consumer to re-gift the virtual card.

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VOCALINK

Metro Bank has outsourced the management of its ATM estate, domestic and international payments and debit card processing to VocaLink. The VocaLink Service Bureau will provide Metro Bank with Straight-Through-Processing rates, as well as access to a comprehensive range of connectivity services, including SWIFT. The solution supports connectivity between Metro Bank, its customers and other clearing services that Metro Bank will participate in. By meeting all connectivity requirements through the VocaLink Service Bureau, Metro Bank will be able to boost productivity and minimise costs. With this, Metro Bank will minimise overhead costs and maximise the revenue potential of its ATM estate. The service covers everything from staging, connectivity and installation to 24 hour network, device monitoring and maintenance.

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2C Processor USA Joins Intacct Partner Program

Intacct and 2C Processor USA (2CP) have partnered to deliver integrated credit card processing solutions for Intacct clients. 2CP provides a fully PCI compliant payment gateway along with merchant processing solutions, integrated with the Intacct cloud financial management system. 2CP has also joined the Intacct-Ready Partner Program, which is designed to create an ecosystem of pre-integrated best of breed cloud-based applications for Intacct clients. The integration between 2C Processor USA and Intacct enables joint customers to simplify billing and accounting functions related to credit card processing. With TPro from 2CP, all invoicing, credit card processing and recurring billing activities handled through 2CP automatically flow into the Intacct financial management system.

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ZOOMPASS

EnStream mobile commerce domestic person-to-person (P2P) money transfers are now free through the “Zoompass” Mobile Wallet. With “Zoompass,” users can now pay back friends without incurring any fees. These everyday transactions can now be done electronically, more conveniently and at no cost via the Zoompass Mobile Wallet. Users can also use the service for larger transactions with just a few keystrokes on their mobile phone.

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