INGENICO 4Q/08

Ingenico’s consolidated revenue for the fourth quarter rose 42% to 224 million euros. During 2008, the Company sold more than four million terminals. On a pro-forma basis, including Sagem Monetel in 2007 and 2008 and at constant exchange rates, fourth quarter revenue rose 5% year on year. In the fourth quarter, the Chinese market posted revenue of almost 20 million euros, compared 2 million euros in 4Q/07. This performance was due to both the Ingenico China subsidiary and Fujian Landi, a company acquired at the end of June. During the fourth quarter Ingenico unveiled its new marketing and strategic vision “Beyond Payment” and obtained the market’s first “PCI-PED 2.0” approval for a CounterTop terminal. Ingenico says the exposure of the group to reduced consumer spending remains limited and Ingenico has not, to date, observed any delays in decision making of its customers. Finally, it believes that current economic conditions do not compromise its medium-term growth potential, which is supported by recurring needs and strong demand in technological innovations. For complete details on Ingenico’s fourth quarter performance visit CardData (www.carddata.com).

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XIRING Q4

Security solution provider XIRING experienced an increase of 35%
compared to Q$ 2007 and reached its annual turnover objective of 28.5
million euros an increase of 20% compared to 2007 and more than doubled
since 2006. This turnover was mainly generated abroad, with the
continued deployment programs of Xi-Sign solutions with 12 client banks
in the United Kingdom and the
start of the Italian Post program. The 4th quarter amounted to 5.9M
euros, with a significant contribution
from France. XIRING completed the delivery of 400,000 Xi-Sign solutions
to Group Banque
Populaire, the first French banking group to adopt a strong
authentication solution to reinforce the
security of its online banking service.

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Recession May Have Hit a Bottom in October

A monthly index appears to show slight upticks in November and December
after a record decline in October. The SAGE “Consumer Balance Index” has
retraced seven points of its 22-point decline that began in November
with a drop from 95 to 87 points. The largest decline in the “CBI” came
in October when it dropped ten points from the previous month to a low
of 73 points. SAGE says more consumers in January than in December
reported they had money left over for savings at the end of the month.
The “Index” that tracks active shopping for new cars, housing, and eight
other major goods declined 14 points, from 95 in December to 81 in
January. The largest declines in active shopping are for carpeting,
furniture and housing. SAGE suggest the signs are that the recession
reached a bottom in October, but it is not clear that the recession has
reached its “absolute bottom.”

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NHS & NEOVIA

The National Health Service has selected NEOVIA as its payment processor
for training payments. NEOVIA will be providing the “NETBANX Payment
Gateway” from its Payment
Suite of products and services. This means that NESC can take card and
non-card payments, including bank transfer payments, directly from its
website for training courses offered. NHS South Central covers the
counties of Berkshire, Buckinghamshire,
Oxfordshire, Hampshire and the Isle of Wight. There are 24 NHS
organisations across the South Central region,
which provide healthcare to around four million people.

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NOV INDEX

The Conference Board Leading Economic Index declined 2.2% and The
Conference Board Coincident Economic Index decreased 0.5% in November.
The Leading Economic Index continued its sharp downtrend in
November. Two of the seven components in the leading economic
index increased in November. The positive contributors are inventory
change series and gross enterprises and properties income. Negative
contributors are new orders in
investment goods industries, stock prices, consumer confidence, yield
spread and new residential construction orders. Since May
2008, the LEI has declined by 8.0% (about a -15.3% annual rate), well
below the 3.9% decline (about a -7.7% annual rate) between November 2007
and May 2008. However, the strengths and
weaknesses among the leading indicators have become balanced. The
Coincident Economic Index, a measure of current economic
activity, declined for a third consecutive month in November led by
decreases in industrial production and manufacturing sales. Real GDP has
declined at a 1.9% average annual rate during the second and third
quarter of 2008, well below the 3.5% average annual rate of increase
during the fourth quarter of 2007 and first quarter of 2008.
The declining composite indexes continue to suggest that economic
activity is likely to remain weak going into 2009 and that the current
contraction in economic activity may become deeper in the near term.
The leading economic index now stands at 94.7 (2004=100).

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USPTO Approves ID Analytics Patent

CA-based ID Analytics has received a patent for its method for
identity-based fraud detection technology.
ID Analytics’ patented technical approach combines three unique
capabilities to assess risk related to identity fraud across all
consumer touch points. The capabilities include the “ID Network” a
real-time, cross-industry compilation of identity
information; “Personal Topology” which analyzes an individual’s
particular identity
characteristics and their connectedness to each other; and ID Analytics’
proprietary “Advanced Analytics”. This approach uses link analysis to
identify anomalies in the
relationships between people and their individual identity elements such
as name, address and phone number. The patented Advanced Analytics
technology scans billions of identity elements within the ID Network to
find those anomalous relationships in real time and deliver an identity
risk score that reflects the likelihood of fraud. ID Analytics’
patented technology detects all types of identity fraud, including identity
theft, synthetic fraud (fake identities), family fraud, and account
takeover.

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PaymentsGateway Extends its Free Offer

TX-based payment processor PaymentsGateway is now offering an extension
to its “Free E-Commerce Service Offer”. The service is free to new
resellers until January 2010 during which resellers will keep 100% of
what they charge their merchants for all
services. After the introductory period, resellers may continue to
utilize the PaymentsGateway offerings for their merchants at the
reseller rate schedule, which is one of the most aggressive gateway
services rate available. PaymentsGateway features the industry’s
premier Virtual Terminal
solution which utilizes the latest in Web 2.0 technologies to maximize
ease of use and customization options. PaymentsGateway also features
instant online merchant enrollment, private labeling, works with most
major credit card processors and is also compatible with most major
e-store/cart software.

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New Suze Orman ID Theft Kit Released

Suze Orman and identity theft protection TrustedID have released the new
edition of “Suze Orman’s Identity Theft Kit”. The kit offers a unique
set of proactive protections
to prevent identity theft. The kit starts with an anti-spyware
installation to safeguard personal information stored on each consumer’s
PC, and progresses with just a few effortless keystrokes to employ more
than a dozen unique defensive measures to secure financial and personal
information — everything from bank accounts to medical records. “The
Suze Orman Identity Theft” kit constantly monitors public, private,
and compromised databases to ensure that the identities of individuals
and families has not been breached. The kit also provides consumers with
an on-call identity theft protection team ready to assist with any
questions and concerns, and is backed by a $1 million service warranty.
In addition, the kits helps consumers place fraud flags on their credit
reports to prevent anyone from opening new credit accounts in their name
without their explicit permission.

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Direct Mail Credit Card Offers – Off a Cliff

A monthly index appears to show slight upticks in November and December
after a record decline in October. The SAGE “Consumer Balance Index” has
retraced seven points of its 22-point decline that began in November
with a drop from 95 to 87 points. The largest decline in the “CBI” came
in October when it dropped ten points from the previous month to a low
of 73 points. SAGE says more consumers in January than in December
reported they had money left over for savings at the end of the month.
The “Index” that tracks active shopping for new cars, housing, and eight
other major goods declined 14 points, from 95 in December to 81 in
January. The largest declines in active shopping are for carpeting,
furniture and housing. SAGE suggest the signs are that the recession
reached a bottom in October, but it is not clear that the recession has
reached its “absolute bottom.”

Details

William Mills Agency Taps McManus

Finance and technology PR firm William Mills has tapped Peter McManus to
serve as the director of business development. McManus will be
responsible for
leading the agency’s financial public relations business development
efforts aimed at financial and enterprise technology vendors based in
the U.S. and abroad. McManus has more than 25 years of experience as a
publishing and
business development executive in the financial services arena and is a
former publisher of Bank Systems + Technology magazine. He most recently
served as publishing director of TechWeb (previously CMP Media), a
network of business-related IT news and product review sites. In this
position, he spearheaded the development and introduction of new
products that yielded more than $1 million in additional revenue.
Prior to his tenure with TechWeb, McManus was a sales manager for New
York Times Custom Publishing and a regional sales manager for
International Business
Magazine, managing national accounts including Citibank, Travelers
Insurance, KPMG, Ernst & Young, AIG, Aetna, General Electric, American
Express and Dreyfuss.

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Profits Bitten by Rising Charge-Offs in 2008

Pre-tax profit for the U.S. credit card industry declined 2.7% in 2008
to $39.6 billion driven by rising expense streams, especially
charge-offs. During 2008 estimated industry revenues increased 5.6% to
$169.0 billion while estimated expenses rose 8.4% to $129.4 billion.
According to R.K. Hammer, 2008 expense streams include $45.3 billion for
operating expense, $28.2 billion for blended cost of funds and $55.9
billion in net charge-offs. Charge-offs rose 36% in 2008 and represent
43% of the expense stream. On the revenue side, interest income rose
4.4% to $101.4 billion and fee income increased 7.3% to $67.6 billion.
Hammer notes there have been eight recessions, eight panics, and three
depressions in the U.S. since 1797. The recessions averaged 1.4 years in
length. The Hammer econometric model indicates the current economic
downturn began late in 4Q/07 and is not expected to run its course until
at least mid-3Q09, placing further pressure on card issuer/bank revenues
and profits for the next 9 months or longer.

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Ingenico’s Fourth Quarter Revenue Rises 5%

Ingenico’s consolidated revenue for the fourth quarter rose 42% to $290
million. During 2008, the Company sold more than four million terminals.
On a pro-forma basis, including Sagem Monetel in 2007 and 2008 and at
constant exchange rates, fourth quarter revenue rose 5% year on year. In
the fourth quarter, the Chinese market posted revenue of almost $26
million, compared to $3 million in 4Q/07. This performance was due to both
the Ingenico China subsidiary and Fujian Landi, a company acquired at
the end of June. During the fourth quarter Ingenico unveiled its new
marketing and strategic vision “Beyond Payment” and obtained the
market’s first “PCI-PED 2.0” approval for a CounterTop terminal.
Ingenico says the exposure of the group to reduced consumer spending
remains limited and Ingenico has not, to date, observed any delays in
decision making of its customers. Finally, it believes that current
economic conditions do not compromise its medium-term growth potential,
which is supported by recurring needs and strong demand in technological
innovations. For complete details on Ingenico’s fourth quarter
performance visit CardData ([www.carddata.com](http://www.carddata.com)).

Details