CyberSource Fourth Quarter Revenue Rises 177%

CA-based CyberSource reported that fourth quarter revenue soared by 177% to $45.4 million, compared to the same period the previous year. The Company processed a record 1.2 billion billable transactions last year, a 45% increase over 2006. The value of transactions processed was $54 billion, a 57% increase over 2006. Fourth quarter results include two months of Authorize.Net results, as the acquisition closed on November 1st. In Europe, CyberSource is growing its U.K. based operations to target new business opportunities in countries including France, Germany, Netherlands, Spain, Portugal, and Italy. CyberSource added approximately 7,000 net new customers in the fourth quarter, bringing its installed base of customers to approximately 228,000. Customer wins this quarter included Borders Group to provide bank cards, alternative payments processing and fraud protection services for their upcoming Borders.com site, which is expected to launch in early 2008. CyberSource also announced extended support for PayPal Express Checkout to U.K merchants, and released enhanced fraud protection for merchants worldwide who accept PayPal Express Checkout transactions. Other new customers include Air France, Air India Charters, Christian Dior, Juniper Networks, and La-Z-Boy. For complete details on CyberSource’s fourth quarter results visit CardData ([www.carddata.com][1]).

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

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SKYWAYS & GUESTLOGIX

The Skyways Group has signed agreements for the implementation of
GuestLogix’ “Mobile Virtual Store” POS across its entire fleet of planes
to allow for in-flight transactions. The service is expected to be fully
established by the end of January 2007 for the acceptance of cash
and payment cards for the settlement of in-flight retail, food and
beverage.
Skyways Airlines served 850,000 passengers throughout 2006 while
GuestLogix provides its on-board retail technology for flight passengers
around the world.

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Exante Bank Names a New President

MN-based HSA administrator Exante Bank has named Kelvin Anderson, previously with Escrow Bank USA and Capmark Bank as President. Anderson most recently was the chief operating officer and chief financial officer of both Escrow Bank USA and Capmark Bank. At Escrow, he was instrumental in building assets under management to $6 billion while maintaining internal controls to sustain rapid growth. Capmark’s assets grew under his guidance from $3.8 billion to more than $8 billion in just the last 12 months. Prior to Escrow Bank and Capmark Bank he was president and CEO of Merrick Bank and vice president and controller of First USA Financial Services, Inc. Exante Bank has more than $540 million in assets and more than 1.3 million health financial accounts. It also processed more than 100 million health transactions in 2007 via its Electronic Payments and Statements solution, a fully integrated electronic remittance advice and funds transfer system.

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CELLCOM ISRAEL

Cellcom Israel has announced changes to its debt structure. This
includes a voluntary prepayment of term loans from its credit facility
for US$140 million in March 2008. Additionally, Cellcom will raise
NIS 250 – 600 million through debentures Series C and/or Series D,
subject to the TASE’s approval. Additional information on this
development is available in company reports on Form 6-K filed on
September 23 and October 1 and 3 of 2007. Cellcom Israel cellular
service provider was established in 1994, has nearly 3 million
subscribers and provides a customer service infrastructure composed
of telephone customer service centers, retail stores, and retail centers
around the country.

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Rawlins & Rivera Settles FTC FDCPA Charges

Rawlins & Rivera of Florida and Rawlins & Rivera of Georgia have signed a final order with the FTC over allegations they violated the “FTC Act and the Fair Debt Collection Practices Act” while collecting consumers’ debts. The FTC’s complaint alleged that the enterprise used misleading dunning letters and abusive telephone calls to falsely threaten that consumers would be sued, their property seized, and their wages garnished if they did not pay the money that the defendants said they owed. The complaint alleged that the collectors often shouted and used profanity and other abusive language to carry out their collections.

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CONSUMER LATE FEES

According to the consumer website, MoneyExpert.com, credit card
issuers have capitalized on late fees by more than GBP50 million over
the past 6 months. Further research shows that, on average, consumers
have missed 694,506 monthly payments over these same 6 months, for
a total of 4.1 million missed payments, 9% of bills have been missed
during this time period, 13% of these consumers are between the ages of
25 and 34 while 11% of Midland/Wales consumers are responsible for
the missed payments. In response to these statistics, the website
organization is encouraging consumers to take immediate action for the
prevention of credit-rating-damage.

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BART Adds Jack-In-The-Box to its Card Project

BART riders are participating in the first-in-the-nation technological trial that will enable participants to walk up to any BART fare gate with a specially-equipped Sprint wireless phone and pay for their ride by tagging the phone on a reader located on top of the gate. Once through the gate, the 230 trial participants can hold their specifically-equipped Sprint mobile phone up to certain Jack in the Box and Sprint “smart advertisements” on BART station walls and download either directions to the nearest Jack in the Box restaurant or content from Sprint. Then, after taking the train to their favorite Jack in the Box location, participants can use their phone to pay for their meal.

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i2c Announces a New Account Advocate

Transaction processor i2c has hired Wendy Mejia as an Account Advocate. Previously, Mejia worked in client relations within the retail industry and managed high profile clients such as Anheuser Busch and 20th Century Fox. Her primary role is to develop the relationship with senior decision-makers and to maintain an understanding of their business in terms of current performance and future strategies.

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VISA TUNE CARD

Tune Money has unveiled its “VISA Tune Card”, targeting consumers
aged 12-18 years. Offering instant, online approval, the “Tune Card”
offers children the ability to make cash withdrawals at ATMs for an
annual fee of RM9.99. With this solution, says Tune Money, it will be
much easier for parents to transfer money to the user’s account and to
monitor how much the child spends. This solution would also be ideal
for children studying overseas and, not to mention, offer a safer
alternative to having to carry cash.

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CLEAR2PAY CAPITAL

Clear2Pay has announced that it has received EUR10 million in capital
from its current investors, led by Iris Capital. Reasons behind this influx
of investment capital include a bright outlook on financial software
solutions, investors’ positive impression of Clear2Pay’s growth strategy,
which is composed of targeted acquisition and integration, investor
support for expansion in China and the development of the Company’s
Open Payment Framework. Clear2Pay financial technology company
is headquartered in Belgium, employing 340, and provides payments
services for financial organizations on e-commerce, remittance and retail
platforms.

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