ACI Reports $87.7 Million In Q1 Revenue

E-payment processor ACI reports its revenue was $87.7 million in the quarter ended March 31, 2010, a
reduction of $0.5 million over the prior-year quarter revenue of $88.2
million. The reduction in revenue was led by a $1.5 million variance in
license fees and a $3.3 million reduction in implementation and services
fees as compared to the prior-year quarter. However, revenue improved by
$3.5 million in maintenance and by $0.8 million in on-demand hosting
revenues. Our monthly recurring revenue of $63.3 million in the quarter
ended March 31, 2010 represented a rise of $5.9 million over the
prior-year quarter, resulted largely from higher ratable monthly
software license fee revenues and maintenance revenues in the EMEA segment.
ACI Worldwide is a leading provider of software and services solutions
to initiate, manage, secure and operate electronic payments for major
banks, retailers and processors around the world.

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BANAMEX VISA

Digital security provider Gemalto has posted total revenue for the first quarter of 2010 of EUR 390 million, an increase of 8% over 2009 at constant exchange rates. All segments posted revenue expansion.Revenue from software and services more than doubled year on year. Increased investment in this activity, with new service offerings from both bolt-on acquisitions and organic developments, as well as renewed demand from mobile network operators led to this strong performance.
Revenue from the traditional SIM card business was stable year on year. Product mix improved only slightly as the return to large-scale innovation projects continues to be gradual. Demand for Gemalto products in some developed markets showed renewed momentum. This quarter saw a return to solid revenue growth of microprocessor payment cards, with strong deliveries driven by worldwide EMV migration and dual interface contactless card deployments. This growth fully compensated for the effect of last year’s shift from registered mail to standard mail for card deliveries and for 2010 being a low point in the UK payment card renewal cycle. This quarter also saw the pursuit of new migration projects to the more secure and higher-end Dynamic Data Authentication EMV (Europay MasterCard Visa) payment cards in Europe.

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Encore Capital Sees 23% Increase in Collections for Q1

Debt collector Encore Capital Group reports gross collections were $141.3 million, a 23% increase over the $115.2
million in the same period of the prior year.
Investment in receivable portfolios was $81.6 million, to purchase $2.1
billion in face value of debt, compared to $55.9 million, to purchase
$1.3 billion in face value of debt in the same period of the prior year.
Available capacity under the revolving credit facility, subject to
borrowing base and applicable debt covenants, was $54.5 million as of
March 31, 2010. Total debt, consisting of the revolving credit facility,
convertible senior notes and capital lease obligations, was $318.0
million as of March 31, 2010, an increase from $303.1 million as of
December 31, 2009. Revenue from receivable portfolios was $82.9 million, a 15% increase
over the $72.3 million in the same period of the prior year. Revenue
recognized on receivable portfolios, as a percentage of portfolio
collections, excluding the effects of net portfolio allowances, was 64%,
compared to 67% in the same period of the prior year.
Revenue from bankruptcy servicing was $4.4 million, a 6% increase over
the $4.1 million in the same period of the prior year.
Total operating expenses were $65.6 million, a 9% increase over the
$60.2 million in the same period of the prior year. Operating expense
(excluding stock-based compensation expense and bankruptcy servicing
operating expenses) per dollar collected decreased to 42.9% compared to
48.3% in the same period of the prior year.
For more details on Encore
Capital’s first quarter performance visit CardData (www.carddata.com).

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PAYPAL

E-payment processor First Data has
extended its processing agreement with Raiffeisen Bank Polska SA and
broadened the scope of its cooperation with the bank to include issuing
and processing of chip-based credit cards. The expanded agreement
enables Raiffeisen Bank to offer an advanced product with enhanced
transaction security and functionality to cardholders. First Data recently implemented a Web Data Access eXchange (WDX)
solution for Raiffeisen Bank Polska SA that enables the bank’s customers
to access a range of bank services online. Cardholders can view
information such as credit card balances, card payment and transaction
history and perform card activations using a variety of communication
channels such as the Internet and a mobile phone.

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GETI and PayLeap Forge Online ACH and Gift Card Partnership

Global eTelecom check processing and gift/loyalty card and PayLeap electronic payment services have partnered to enhance secure payment processing options for online e-commerce merchants. This partnership is intent on enhancing payment processing options for online merchants and their clients by integrating GETI solutions into the PayLeap payment gateway.
Global eTelecom provides proprietary electronic Check processing and Gift/Loyalty services to over 55,000 merchants nationwide, providing ePOS Check Conversion, Paper Guarantee, ACH Debit, Checks-By-Phone, Checks-By-Web, Check 21+ remote deposit capture, mobile Tele-Debit and Gift/Loyalty Card Processing.

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ADVANCE RETAIL

Island Pacific, a 100% owned subsidiary of 3Q, has expanded its “AdvanceRetail” operation in Malaysia. “AdvanceRetail” Technology Asia is to provide an increased level of support to resellers operating within the region. Island Pacific continues to develop and deploy high value and innovative software solutions that enable retailers to manage the entire scope of their operations and to understand, create, manage and fulfill consumer demand. These include POS, customer relationship management, vendor relationship management, merchandising, demand forecasting, planning, replenishment, allocation, and event planning.

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Consumers Seeking Debt Settlement Questions

Consumers tend to have a
misunderstanding when it comes to government grants and bailouts
regarding debt relief. The closest form of a debt relief bailout or grant is a program known as
debt settlement, however, such programs are not affiliated with the US
Government. Credit-Card-Relief.net offers a free debt evaluation to see what debt
relief program is best for the consumer at: www.credit-card-relief.net
This program is unique compared with other various credit
card debt relief services. Debt settlement works to eliminate debt
amounts through a negotiation process. In this program a professionally
trained debt arbitration specialist works to negotiate debts with
creditors on a consumer’s behalf.

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Asset Acceptance Capital Names New CFO

Reid E. Simpson has been appointed SVP and CEO, Asset Acceptance Capital, effective May 17, 2010. Simpson was most recently the CFO, Aircell in-flight mobile broadband services. Reid was also the CFO of eCollege.com, CFO of CCC Information Services, an advanced software, communication systems, internet and wireless-enabled technology solutions to the automobile claims and collision repair industries. Prior to this he held CFO positions at Dun & Bradstreet Plan Services (from 1988 to 1991), Nielsen Marketing Research (from 1991 to 1993) and DonTech (1993 to 1997).

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Mint.com Helps Americans Conquer Debt

With nearly 35% of Americans losing sleep over money matters, more than those worried about career or marriage combined, Mint.com (www.mint.com), a unit of Intuit, has created a free resource center for people looking to tackle their own debt, available at: http://www.mint.com/solutions/debt/. From February 2009 to February 2010, Mint.com users shrank average credit card debt by 14.3 percent, from $5,501 to $4,716 and increased cash savings by 3.2%, for an average liquidity growth across the aggregate group of 18.4%, year-over-year. Those working with the Mint.com budgeting tool saw their cash increase by 11.4%, while those who elected to not budget with Mint.com’s tool have seen their cash decrease by 3.9%. Still 75% of Mint.com users identify paying off debt as a key financial goal, and 84.1% have revolving debt in the form of credit cards.

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Murphy Oil to Offer Western Union e-Remittance Service

Murphy Oil USA, is set to offer the Western Union “GoCash” in-lane
money transfer service at 1,055 Murphy USA gas
stations and Murphy Express convenience stores in 21 states. With the
“GoCash” service, consumers will have the option to select $50; $100;
and $200. GoCash can be purchased for both domestic
and international money transfers. Once purchased, the sender will need
to complete the transaction over the phone through a Western Union
customer service representative and provide the money-transfer
information to the receiver. The agreement builds upon Western Union’s
go-to-market strategy in the United States, and complements Western
Union’s consumer experience by giving consumers the convenience of being
able to send a domestic or global money transfer while shopping at
Murphy USA and Murphy Express convenience store locations. Consumers
also will have the ability to purchase money order services at select
Murphy locations.

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Visa Posts Payments Volume Growth +13%

Visa’s three months ended March 31, 2010 payments volume growth was positive 13% over the prior year
at $745 billion, compared to the prior quarters’ positive 8% over the prior year at $769 billion. Total
processed transactions for the three months ended March 31, 2010 totaled 10.6 billion, a 14% increase
over the prior year. Service revenues were $885 million, an increase of 10% versus the prior year, and are
recognized based on payments volume in the prior quarter. Data processing revenues rose 34% over the
prior year to $728 million. International transaction revenues, which are driven by cross border payments
volume, grew 22% over the prior year to $545 million.

VISA-NET TRANSACTIONS (millions)
Mar 31,2010 10,600
Dec 31,2009 10,900
Sep 30, 2009 10,463
Jun 30, 2009 10,266
Mar 30, 2009 9,360
Dec 31, 2008 9,797
Sep 30, 2008 9,590
Jun 30, 2008 9,473
Mar 31, 2008 8,800
Dec 31, 2007 9,094
Note: Visa, Visa Electron, Interlink and PLUS
cards processed on Visa’s networks.
Source: CardData (www.carddata.com)

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NCR Cash Recycler Pro Certified with Compuflex

Following certification of the NCR “Cash Recycler,” the NCR “Cash Recycler Pro” has been certified with software from Compuflex cash management software. With this, financial institutions that use Compuflex can now operate the NCR Cash Recycler and Cash Recycler Pro in their branches with the same look, feel and user interface as their current Compuflex solution. The NCR “Cash Recycler Pro” solution has one of the highest levels of cash capacity in the market to drive efficiencies for financial institutions’ branch transactions, move lines faster, free up teller-line time for better customer service, and promote cross-selling. The solution is ideal for branches with high cash transaction volumes, foreign exchange applications or merchant banking. NCR is also an approved reseller of Compuflex’s cash management solutions, which complements NCR’s APTRATM Cash Connect offering. NCR APTRA Cash Connect is a multivendor software application for connecting branch applications with teller automation units, such as TCRs.

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