eBillme Drives Volume & Lowers Charge-Backs

DE-based Tool King and Cymax Stores have announced increases in average order values and decreasing chargebacks/costs through the implementation of “eBillme”. Tool King provides the payment solution as their only e-payment option, which does not require disclosure of any financial information allowing secure cash payments, while Cymax Stores offers “eBillme” to provide customers with more payment options, having recognized a need for security and protection for online transactions. Moreover, Cymex saw an increase in average order values of 11% thanks to the deployment of the online payment solution and both of the organizations provide the “eBillme buyer protection” program, which includes a program return guarantee, price guarantee, in-transit protection and fraud protection.

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WINASUGO & UKASH

WinAsUGo Mobile Casino has partnered with Ukash to distribute branded
prepaid card vouchers. The new prepaid vouchers can be purchased with
values of any amount between GBP5 and GBP499 and provide a secure,
readily available alternative to using a credit card to provide real
money with which users can gamble. WinAsUGo UK mobile casino provides
users with 9 different mobile casino games which include Mobile Slots,
Blackjack, Roulette, HiLo, Poker, Baccarat, Lottery and Sports betting
while Ukash e-commerce cash payment allows online purchases with cash
focal on reducing card and ID fraud.

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Alliance Data Systems Q1 Revenue Rises 7%

Dallas-based Alliance Data Systems reported that first quarter revenue increased 7% to $499.3 million. However, income from continuing operations decreased 3% to $62.7 million. Loyalty Services achieved the strongest quarter in its history delivering $40.9 million in adjusted EBITDA, an increase of 60% from the prior year period. Driving this historic performance was a 30% increase in revenue to $171.8 million in the first quarter due to strong growth in both “AIR MILES” reward miles issued and “AIR MILES” reward miles redeemed just shy of 10%. For first quarter, Epsilon Marketing Services posted solid mid-teens year over year revenue and adjusted EBITDA growth to $115.5 million and $23.6 million, respectively. The segment’s performance was driven by larger commitments from existing clients and stable pricing along with new client ramp-ups including the recently announced major expansion with Citibank’s “ThankYou Network.” Private Label Credit posted results in-line with Company expectations for the first quarter of 2008. Both revenue and adjusted EBITDA declined 5% and 13%, respectively, almost exclusively due to the loss of the Lane Bryant portfolio and, to a lesser degree, a modest increase in credit losses which, due to timing, had yet to be offset by favorable funding costs. For complete details on ADS’ first quarter performance visit CardData ([www.carddata.com][1]).

ADS REVENUE HISTORICAL
1Q/07: $466.3 million
2Q/07: $563.8 million
3Q/07: $575.5 million
4Q/07: $602.7 million
1Q/08: $499.3 million
Source: CardData.com

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

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GEMALTO 1Q/08

Smart card specialist Gemalto reports that overall first quarter revenue rose 12% to $611 million. Growth in the first quarter was driven by continued EMV standard expansion with various countries moving forward in Asia, Central Europe and the Middle East as well as Latin America. Moreover, dual-interface EMV cards (contact and contactless) continue to gain market penetration, particularly in Europe and Asia.
Government Programs was up by 30% when compared to the prior year’s performance. Gemalto continues to be involved in many NFC trial programs with mobile operators such as Orange in France and Softbank in Japan. In February, Taiwan Mobile announced that it had selected Gemalto to provide the world’s first commercial NFC SIM-based mobile contactless system. This comprehensive digital security solution will enable Taiwan Mobile to register, issue, manage and terminate mobile NFC services over-the-air. For complete details on Gemalto’s latest performance visit CardData (www.carddata.com).

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ICMA Elan Awards Cites Premier Card Products

MN-based Premier Card Solutions has been recognized at the FL-based ICMA Elan Awards with awards for its advancements and achievements in plastic card design. These recognitions include “Best Gift Card Design” for its “Spiderman” gift card, which was designed for Blockbuster, as a finalist in the Best “Free Form” Card with “Tag and Ribbon” designed for Target and as a finalist for “Best Gift Card Design” with the “Gator Gift Card”, also designed for Target. Over the past 3 years, Premier Card Solutions has received 8 awards at the ICMA Elan Awards.

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Gemalto Revenues Rise 12% in the 1Q/08

Smart card specialist Gemalto reports that overall first quarter revenue rose 12% to $611 million. Growth in the first quarter was driven by continued EMV standard expansion with various countries moving forward in Asia, Central Europe and the Middle East as well as Latin America. Moreover, dual-interface EMV cards (contact and contactless) continue to gain market penetration, particularly in Europe and Asia. Government Programs were up by 30% when compared to the prior year’s performance. Gemalto continues to be involved in many NFC trial programs with mobile operators such as Orange in France and Softbank in Japan. In February, Taiwan Mobile announced that it had selected Gemalto to provide the world’s first commercial NFC SIM-based mobile contactless system. This comprehensive digital security solution will enable Taiwan Mobile to register, issue, manage and terminate mobile NFC services over-the-air. For complete details on Gemalto’s latest performance visit CardData ([www.carddata.com][1]).

GEMALTO REVENUE HISTORICAL
1Q/07: $495.9 million
2Q/07: $544.8 million
3Q/07: $588.0 million
4Q/07: $742.0 million
1Q/08: $611.0 million
Source: CardData (www.carddata.com)

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

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More Than 50MM to do Contactless Payments

A new study has found that 57 million consumers will be using contactless payments by 2013. However, progress is slowed because there isn’t sufficient incentive for merchants and wireless carriers to make essential investments that will enable contactless infrastructure development and the evolution to NFC-based mobile payments. Javelin Research says payment card networks must create acceptance among merchants and migration among wireless carriers with a step-by-step contactless-to-mobile conversion strategy that builds on consumers needs for simplicity, integrated financial management, and control.

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Credit Card Solicitations Up 17% in 2007

Direct mail offers sent to current customers increased 17% in 2007 with increases in auto, insurance, telecom and credit card mailers up by 52%, 29%, 22% and 18%, respectively. However, over the same period of time, travel and leisure companies sent 40% of 2007 emails to current customers, while banking and credit card sectors were responsible for another 40%. IL-based Mintel Comperemedia’s media monitoring research says direct mail is holding ground against email as a means of customer communication. However, the estimated number of mailings sent by credit card issuers has dropped another 3% from December, according to the firm. The number of credit card-related mailings sent to consumers topped 900 million during October, but totals have dropped 19% since then. (CF Library 4/3/08)

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AmEx Platinum Card Targets Mother’s Day

American Express’ “Platinum Card Concierge” has compiled a list of this year’s top Mother’s Day gift recommendations which include culinary experiences, one of a kind signature items and adventures in art. Gourmet cooking is not just for chefs or to be found at restaurants anymore. Cardholders can send mom on a culinary journey around the world with a recipe kit passport. Every month a gift box will arrive on her doorstep filled with colorful pre-measured spices and hard-to-find ingredients to make an ethnic dish at home. Mom can also attend a taping of one of the most sought-after cooking shows on television or a culinary demonstration with world-renowned chef Thomas Keller through the “AmEx By Invitation Only” program.

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JP BANK CREDIT CARD

Having obtained government approval, Japan Post Bank has partnered with
Sumitomo Mitsui Card Co to introduce its first credit card. The credit
card, “JP Bank Card”, will offer 2% cashback on service charges when
used to pay utility bills and can be used at the bank’s 233 direct run
outlets and some 20,000 post offices across Japan. Moreover, an annual
membership of 1,312 yen will be accessed, unless at least one utility
bill is paid with the card, which will have 1 million cards issued in
the first year.

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AmEx & Delta Airlines Team for New Credit Cards

American Express has partnered with Delta Airlines for the launch of the “Delta Reserve Credit Card” and the “Delta Reserve Business Credit Card” to provide Delta patrons with flexibility and benefits. For an annual fee of $450, the cards provide such benefits as the ability to earn and share “Medallion Qualification Miles”, priority boarding, free club access and concierge services. Furthermore, when card users spend $30,000 with their card in a calendar year, they are automatically entitled to 15,000 MQMs and 15,000 bonus miles and an additional 15,000 MQMs/15,000 bonus miles when spending reaches $60,000 in the same year. If a cardholder is the “Basic Cardmember” of a domestic American Express consumer “Charge Card” account or of a domestic AmEx small business charge card account that has an annual fee greater than or equal to $55, the annual fee is $395. Consumers will continue to earn “Always Double Miles” on every eligible dollar they spend on Delta purchases, as well as at gas stations, supermarkets, drugstores, home improvement stores, and more. Delta reported a first quarter loss of $6.39 billion due to fuel prices and the steep decline in the company’s market value.

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TIMES CARD

TimesofMoney and Barclays have teamed to launch the “Times Card”
entertainment credit card for Indian consumers. The new fee-free credit
card offers cardholders such features as gift vouchers from retailers
across various industries, a 25% discount on movie tickets, the
opportunity to attend exclusive movie events and a rewards program
providing a choice of redemptions. Barclays financial services provider
operates in over 50 countries with 135,000 employees serving more than
30 million customers around the world while Barclaycard India has over
500,000 customers.

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