OTI Posts 71% Revenue Increase Y/Y

On Track Innovations contactless microprocessor-based smart card solutions announced 1Q/10 total revenues of $14.4 million, a 71% increase from last year. Additionally, gross margin increased to 57% vs. 51% last year; non-GAAP operating expenses were $7.1 million, a 19% increase compared to $5.9 million last year; non-GAAP operating profit was $1.2 million, compared to operating loss of $1.6 million last year; and net cash provided by continuing operating activities of $9.5 million. OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. OTI applications include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs.

TOTAL REVENUE
1Q/09: $8.4 million
2Q/09: $16.9 million
3Q/09: $26.3 million
4Q/09: $8.6 million
1Q/10: $14.4 million
SOURCE:Carddata.com

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TransAct Technologies Reports 1Q/10 Revenue of $14.2m

CT-based market specific printer supplier TransAct Technologies
has reported 1Q/10 revenue of $14.2 million, an increase of
16% compared to $12.2 million in the prior-year period. Gross margin
was 36.5%, compared to 33.8% in the prior-year
quarter as the Company experienced a favorable sales mix.
Operating expenses were $4.2 million,
an increase of $0.3 million from the prior-year period, driven largely
by increased selling and marketing expenses, primarily from higher sales
commissions and travel expenses resulting from higher sales volume. The
Company recorded net income of approximately $0.6 million, compared to
net income of approximately $0.1 million in the prior-year period.
TransAct provides a
complete range of supplies and consumables items used in the printing
and scanning activities of customers in banking, retail and gaming.

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Variety Wholesalers Completes Roll-Out of RTC’s StoreMS POS

Variety Wholesalers (VW) has successfully completed the roll-out of
RTC’s “StoreMS POS” solution on 1,300 IBM
registers in a total of 287 locations including 116 Roses stores and 171
Maxway/Super 10 stores. The implementation included not only “StoreMS
POS”, but also RTC’s
HTP-Link iSeries Communication solution for polling stores and ISD’s
Transaction Management software. RTC’s Consulting Services Group
performed the integration between “StoreMS POS” and JDA’s “Merchandise
Management System”. With the installation now complete, “StoreMS POS”
has significantly
improved VW’s throughput at checkout, enhanced their customer service,
and streamlined their store operations. This investment provides VW with
a solid platform on which they can continue to build upon in the future.
The successful rollout at Variety Wholesalers is an excellent example of
RTC’s ability to deliver software and technology with advanced features
across a large organization efficiently, cost effectively and within the
committed budget.

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M-Banking Most Popular Among Young Consumers

With mobile banking still in its infancy, and only 13% of the population claiming to use it at least occasionally, the majority of users are between the ages 18 and 25. Younger bankers drawn to mobile banking are not yet a very profitable segment for bankers, but will be users for the rest of their lives. With this in mind, the younger m-banker demographic will begin to generate more profitability for banks as they accumulate wealth and investments with age, according to Auriemma Consulting Group (ACG). ACG based its findings on a survey of 535 cardholders in March 2010. ACG full-service management consulting firm serving the payments and lending industries since 1984.

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CoC & Merchant Warehouse Offers SMBs Card Processing

ChamberofCommerce.com has signed an exclusive online marketing partnership with Merchant Warehouse to offer more than one million ChamberofCommerce.com small businesses credit card processing services. Merchant Warehouse was founded to offers merchant accounts and credit card machines at reasonable prices. They have received multiple awards for service and innovation including the Electronic Transaction Association’s (ETA) first annual “ISO of the Year Award” for 2009. In addition to its merchant account solutions, Merchant Warehouse also provides businesses with credit card machines from leading brands like VeriFone and Hypercom along with their own free processing solutions for smartphones, POS and Ecommerce platforms. Merchant Warehouse provides over 80,000 merchants later technology payment initiatives.

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Skytalk Communications has selected B2B Soft’s Wireless Standard

CA-based Skytalk Communications has selected B2B Soft’s Wireless Standard as its retail management system.
Wireless Standard is being implemented in all of Skytalk’s 80+ locations in 5 markets. Skytalk’s
Atlanta, Dallas, and Los Angeles dealers will launch Wireless Standard
in May, June, and July of 2010, respectively, with Detroit and New York
locations to follow shortly thereafter. The system will bring
consistency of process, from payment processing integration to
streamlined POS, as well as powerful reporting and increased visibility
across the enterprise for the Skytalk management team. Currently more
than 1700 MetroPCS dealers use Wireless Standard for their Point of Sale
solution.

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FuelLogix & KSS Team POS Data Integration

NJ-based fuel analytics provider KSS and systems integrator consultant FuelLogix have teamed to
integrate POS data. Reports generated from FuelLogix’s
Agility solution with KSS’ PriceNet fuel price management solution will
create an enhanced fuel pricing system for convenience and grocery
retailers. “Agility’s” sophisticated, easy-to-use retail automation
platform captures data and daily reporting from the POS
through the auditing process, to the financial statements, providing
retailers a cost-effective and efficient solution all across a Web browser.
“PriceNet” pricing solution supports key tasks, including capturing
field-based intelligence at the site level, the generation of price
proposals via comprehensive pricing rules or price optimization and
consistent implementation.

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Hypercom Introduces Multilane Merchant Product

Hypercom Corporation is launching its “L5000” product family of customer-facing, multipurpose, multimedia payment terminals. With a range of functional and communication capabilities, the “L5000” family of terminals will connect to any POS register system with any communications protocol and enables multiple in-store use. Offering in-aisle product locating, barcode price checking, health insurance card processing at the pharmacy, gift card loading and wedding registry processing at kiosks the “L5000” features an integrated ADA compliant keyboard, a side lit keypad, braille characters and a headphone jack. Additional features include a full VGA color display; hardened glass capacitive touch screen; a modular contactless reader; and a cradled, cordless Wi-Fi or Bluetooth(R) hand-over device. The “L5350” and “L5200” will be available early next year.

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RBS & PASSPORT POS

Single-source provider of electronic payment processing service RBS WorldPay announced that Gilbarco Veeder-Root has completed certification of its point of sale application, the “Passport POS”, on the RBS WorldPay payment network. Gilbarco Veeder-Root provides fueling and retail management systems for convenience stores, hypermarkets and service stations; and is the industry’s only total solution provider with fuel and retail systems supported by the same service network. With a year over year growth rate in excess of 34%, RBS WorldPay is among the fastest growing payment processors in the United States. Clients take advantage of RBS WorldPay’s built for purpose petroleum interface, which leads the industry in value added functionality including Automatic Reconciliation. Merchants also appreciate working with a single-source provider that is dedicated to providing superior customer service.

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FINANCIAL SOCCER

Visa Canada has launched its “Financial Soccer” FIFA World Cup inspired educational video game to teach the fundamentals of responsible spending, the banking system, budgeting and saving. Reinforcing Visa’s global commitment to financial literacy, Financial Soccer can be played for free online with multiple-choice questions that test the player’s knowledge of financial management skills as they advance down field and score goals on their opponents. Combining the structure and rules of soccer with financial education questions of varying difficulty, the Canadian launch of Financial Soccer marks the one-month countdown to the 2010 FIFA World Cup in South Africa. Available in both English and French, “Financial Soccer” is the latest component of Visa commitment to financial literacy education and skills development.

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HAPPY GO CARD

Citibank Taiwan and HAPPY GO, the largest loyalty card in
Taiwan, have joined forces to launch the Citi-HAPPY GO Co-Brand Card, a
credit card aimed at providing cardholders with HAPPY GO bonus points
and greater shopping satisfaction. Citi-HAPPY GO Co-Brand Card is a credit card that offers HAPPY GO bonus
points when cardholders shop at more than 30 million shops both locally
and globally. Cardholders simply accumulate the bonus points and redeem
them for a wide range of rewards. In addition, the bonus points triple
when cardholders shop at FE21′, Pacific Sogo, A-mart, The Mall and
City’super. For online shopping, GoHappy online store gives away 10 additional Happy
Go points with each NT$1,000 purchase made with the Citi-HAPPY GO Card,
and 20 additional points when the purchase exceeds NT$2,000. Each
NT$1,000 purchase earns the cardholder 10 points. This allows
cardholders to shop and collect points wherever they shop, and enjoy
instant discounts in shopping. HAPPY GO has more than 7 million cardholders and an 80% active
card usage. Two billion bonus points have been distributed and 1.5
billion points redeemed in 2009, an 18% growth rate.

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