Euronet Third Quarter Revenues Leap 52% Y/Y

KS-based Euronet Worldwide posted third quarter revenues of $246.3 million, compared to $161.7 million for 3Q/06. Ria Envia, the third-largest global money transfer company, drove the latest growth. Net income of $14.8 million, compared to $13.1 million for the third quarter 2006. “EFT Processing” posted revenues of $48.1 million, compared to $40.5 million for 3Q/06. Transactions processed were 156.5 million, compared to 119.1 million transactions in the same period last year. The EFT Segment completed the quarter with 10,516 ATMs owned or operated. “Prepaid Processing” reported revenues of $144.6 million, compared to $120.3 million for the third quarter of last year. Transactions processed were 162.5 million, compared to 121.8 million transactions in the third quarter 2006. The “Money Transfer” segment reported third quarter revenues of $53.6 million, compared to $0.9 million for the third quarter 2006. Transactions processed were 4.0 million, compared to 0.1 million processed in the third quarter 2006. For complete details on Euronet’s latest results visit CardData ([www.carddata.com][1]).

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

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FLYMONARCH & PAYPAL

flyMonarch.com has implemented the PayPal Solution allowing customers
to purchase tickets without the use of a card. PayPal has over 15
million UK
accounts designed to protect transactions and personal information from
fraudulent activity. The accounts store the customers’ financial details
when it
is first established eliminating the need to relay personal information for
every purchase. PayPal, an eBay company, has over 153 million accounts in
190 different markets that use 17 different currencies and contribute to
global
ecommerce.

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DIBS Payment Services & Cellpoint Mobile Team

DIBS Payment Services and Cellpoint Mobile announced a partnership to deliver a mobile credit card payment system based on Cellpoint Mobile’s “mPoint” and DIBS’ “Internet Payment” service. The service will target consumer-focused companies such as retailers, airlines, travel agents, limousine services and Web-shops. The new joint service will launch in January and the first customers have already signed agreements and will go live immediately after launch. This new system will enable cardholders to make credit card payments for goods and services using their mobile phone 24X7. Through the use of DIBS’ technology all transactions are encrypted.

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EDC EXEC

Edgar, Dunn ® Company(EDC) has appointed Erik van Winkel as a
firm manager at its London office. Van Winkel has served in management
positions at MasterCard Worldwide responsible for the strategic debit
initiatives with customers in Europe, led a payment project in direct
banking, the development of e-commerce, and SEPA projects. As Director
of Profitability Analysis with MasterCard, van Winkel led an initiative on
developing debit solutions with over 40 banks. The new manager’s
education includes a Master of Science in Mechanical Engineering and an
MBA from K.U. Leuven.

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TeleCheck Services Inks Meijer Supercenters

First Data’s TeleCheck Services has entered into an agreement with Meijer Supercenters to offer “TeleCheck Electronic Check Acceptance Warranty” service. This will enable Meijer to cost-effectively authorize and process check transactions electronically at the point of sale. Meijer customers will benefit from increased security and convenience as they present checks for payment. TeleCheck provides a broad suite of electronic and paper check processing services with a guarantee volume of $25 billion and total electronic check volume of $37 billion.Over 40% of the more than 500 million transactions processed by TeleCheck are ECA transactions processed at the point of purchase.

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FUNDSTECH & YES!MONEY

FundsTech Corp and Yes!Money have signed agreements for the
European distribution of prepaid card programs. Terms of the agreement
require investment by both parties and establish specifics conditions of the
partnership. With this development, FundsTech will be allowed to speed
penetration in the Prepaid European Card market through Trans Ferry
Group’s (Yes!Money’s parent company) existing relations and customer
base. Yes!Money has developed a pan-European network in the European
road haulage industry with a presence in 14 countries, 10 operating
centers,
more than 30 commercial managers and active relationships with 5,000
customers while FundsTech Corp provides prepaid debit cards to the over
1 Billion, allowing the employer to replace payroll checks for their
un-banked
workers.

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Datacard Group Unveils the SP55k Kiosk Printer

Datacard Group has introduced the Datacard SP55k kiosk card printer. The SP55k kiosk card printer issues full-color, personalized cards with magnetic stripes and bar codes as well as contact and contactless smart cards. It utilizes Datacard Certified Supplies featuring Intelligent Supplies Technology. The card printer recognizes these supplies when they are loaded and automatically adjusts settings to optimize print quality. This minimizes operator intervention reducing overall cost per card. Datacard Group is a provider of secure ID and card personalization solutions.

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CHIP MIGRATION

Member issuers of the payment industry have begun a chip card migration
trial
throughout Canada. With the trial, being implemented by over 20
organizations,
the chip-based cards allow participants to monitor awareness, adoption and
ensure interoperability of the respective cards and devices without
total commitment
to the chip solution. The chip solution trial allows acceptance of cards
anywhere
credit and debit cards are accepted because terminals and ABMs will
continue
to recognize both chip and magnetic stripe cards. Chip cards at the
terminal will
authorize the transaction through PIN use rather than a signature. This
migration is
designed to enhance security for use in more than 100 countries around
the world
via the embedded computer chip to prevent counterfeit and fraud.

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Constantine Cannot Securitize Debit Settlement

NYC-based Constantine Cannon says it has been working to effect a securitization of the debit card settlement fund with VISA and MasterCard, but current market conditions have made securitization unsuccessful at this time. Since December 2005, over $950 million has been paid to class members for VISA and MasterCard signature debit and credit card transactions during the period October 1992 to July 2003. Merchants who installed PIN pads and accepted PIN debit transactions during the period October 1992 to July 2003 are also eligible for damages based on their acceptance of PIN debit. However, Constantine Cannon says there are insufficient funds for a PIN debit distribution at this time. Also, payments for online PIN debit overcharges will be made to all or most qualifying class members in 2008 when the “Settlement Fund” is replenished.

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GE Money Expands its National Tour Assc Deal

GE Money and the National Tour Association have established a five-year extension of the GE Money Travel Finance Program available through NTA’s more than 600 tour operators globally. The NTA credit card program launched as a pilot in July 2006 for the purchase of packaged tours, vacations and other travel-related expenses. The first association-based program for the travel industry, the NTA program provides a menu of offers and promotions to fit various tour operator markets. In addition to offering travelers deferred interest and extended payment financing on one-time trips or ongoing travel, NTA tour operators receive point-of-sale and other marketing materials and equipment, as well as training on how to effectively use the finance program. The National Tour Association has a global membership of tourism professionals involved in the growth and development of the packaged travel industry.

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INGENICO 2Q/07

The International Card Manufacturers Association (ICMA) has announced the
winners of the annual “Elan Awards for Card Manufacturing Excellence”,
recognizing
design innovation and technical achievement. Categories included, but
were not
limited to, “The Best Non-Secure Card” awarded to JCPenney, “Best Technical
Achievement” awarded to Credit Card Embedded Authentication Device, “The
Best
Gift Card” awarded to Stained Glass Flower and the “Best ID Card”
awarded to
Laser Pass Access. “The Elan Awards” recognize design innovation and
technical
achievement around the world. ICMA is a non-profit association of
plastic card
manufacturers with over 200 members globally.

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