iPayment Revenues Up 4.5% in 2006

iPayment, Inc. announced financial results for the fourth quarter and twelve months ended December 31, 2006. Revenues increased to $186,966,000 for the fourth quarter of 2006 from $183,035,000 for the fourth quarter of 2005. Revenues, net of interchange, were $79,286,000 for the fourth quarter of 2006 compared with $78,917,000 for the fourth quarter of 2005. Net loss was $285,000 for the fourth quarter of 2006, compared to net income of $10,657,000 for the same period last year. The Company today has filed its Form 10-K for the twelve months ended December 31, 2006, with the Securities and Exchange Commission.

iPayment, Inc. is a provider of credit and debit card-based payment processing services to over 140,000 small merchants across the United States. iPayment’s payment processing services enable merchants to process both traditional card-present, or “swipe,” transactions, as well as card-not-present transactions, including transactions over the internet or by mail, fax or telephone.

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Payment Data Systems Sets a New Record

Payment Data Systems announced the company’s operating performance in February 2007. On an unaudited basis, Payment Data’s credit card processing dollar-volume increased 121% in February from the comparable month one-year ago, while the corresponding transaction volume grew 78%, continuing a month-to-month growth trend in 2007. Payment Data Systems is an integrated payment solutions provider to merchants and billers.

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Take Home Pay Rises by 5%

The Voca take-home pay index reflects growth in take home pay by
4.2% in the month of February. This growth is the result of upward
pressure on private sector salaries as employees counteract the effects
of high inflation to current wages. Employees have been using pay
negotiations to reverse the downward trend seen in previous months to
increase the spending power of the average manufacturing salary. The
Voca take home pay index uses samples of 350 FTSE companies, using data
captured by Voca. Voca is a provider of payment services and is
responsible for the UK’s automated payment technology. The company has
processed 60 billion transactions in the last 38 years.

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AmEx Unveils an Integrated EIPP Solution

American Express unveiled the first fully integrated “Electronic Invoice Presentment and Payment” solution. With “S2S eInvoice&Pay,” companies can now process 100% of their invoices and issue payments to their suppliers from a single online portal managed by American Express. Nestle USA, a longstanding AmEx commercial card client, will begin implementing the solution in its supply chain next month. Features of the new solution include: electronic capture of 100% of invoices; straight-through electronic processing from PO to payment for users of electronic procurement and the AmEx “Corporate Purchasing Card”; a large and fast-growing e-invoice enabled supplier networks, plus a dedicated enrollment team to provide service and support; reduced invoice exceptions and faster pay via automated review and dispute resolution; multiple payment options (including the AmEX “Corporate Purchasing Card” and ACH); and compatibility with all ERP systems, plus advanced SAP connectivity. AmEx noted it will unveil other products in the “S2S” product suite in coming months, addressing the areas of sourcing and ordering.

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Wincor Nixdorf Announces Asian Expansion

As a part of the company’s worldwide software-development network,
Wincor Nixdorf has announced the company will be opening an enlarged
production facility and software competence center near Shanghai, China.
These expanding production capacities reflect success in the Chinese
market and Wincor’s future expectations. The new facility will be 15,000
square meters in size and will produce banking and retail products
enhancing capacities for integrating and adapting international software
in Asia. 400 people are now employed at Wincor Nixdorf China, and
approximately 1,500 of the company’s 8,000 employees are based in Asia.

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Issuers Should Evaluate Alternative Scoring

A new report suggests that lenders increasingly require better stratification of consumer credit risk than current scoring provides especially as they target “underbanked” and “unbanked” consumer segments, and deal with subprime defaults. The research from TowerGroup says lenders should evaluate new custom credit score options such as “VantageScore” by Equifax, Experian and TransUnion, the “Anthem Score” from First American, and the “FICO Expansion Score” from Fair Isaac. TowerGroup estimates that the consumer-direct customer segment for credit reporting and scoring products will grow 39% between 2001 and 2010.

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OTI Q4 Revenues Jump 42%

Contactless specialist On Track Innovations posted revenues for the fourth quarter of $13.2 million, a 42% increase over the same period of last year. The Company says it expects to achieve long term growth of 20% to 25% for this year, driven by the petroleum, ID markets, and the payment markets. During the quarter, USA Technologies selected OTI to provide its next generation contactless reader solution to be integrated into its “Generation Six e-Port” cashless transaction solution and the Discover Network certified the OTI “Saturn 5000” contactless reader for use with Discover Network’s contactless payment application. Recently, OTI’s new “Saturn 6000” contactless reader was approved by MasterCard for the “EMV M/Chip v.1.3” and “Magnetic Stripe v3.2” contactless payment programs. OTI also completed its acquisition of most of SuperCom’s assets. For complete details on OTI’s fourth quarter performance, visit CardData (www.carddata.com).

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Wirecard to Process WAU Payments on Fujitsu Computers

Wirecard will be responsible for processing all payments associated
with the Microsoft “Windows Anytime Upgrade” (WAU) of Fujitsu Siemens
Computers. Fujitsu Siemens will enable consumers to conveniently buy and
install an even more efficient edition of Windows Vista any time from
the convenience of their computer. Wirecard Bank is responsible for
the payment acceptance for these transactions. Fujitsu Siemens has sold
three million computer systems and had over 21 percent growth in the
private customer segment in fiscal 2005/2006.

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Washington Mutual Joins NACHA

Washington Mutual has joined NACHA-The Electronic Payments Association as a direct financial institution, which now totals 42 direct members. According to the most recent NACHA Top 50 list, “WaMu” is the nation’s fifth largest receiving financial institution of ACH payments. Washington Mutual and its subsidiaries hold assets of $346.29 billion. NACHA direct members, consisting of 23 financial institutions and 19 regional payment associations include ABN-AMRO, American Express Centurion Bank, Bank of America, BB&T, Capital One, Citigroup, Citizens Bank, Commerce Bank, Discover Bank, Fort Knox National Bank, Harris, N.A. (BMO Capital Markets), JPMorgan Chase, KeyBank, Mellon, National City, PNC Bank, Synovus Financial Corp., TCF National Bank, US Bank, Wachovia, Wells Fargo, and Zions Bancorporation.

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Women Business Owners Shop Bank Services

A recent research study by SYNERGISTICS Research entitled “Financial Insights: Women Small Business Owners” has revealed that more than nine out of ten business women surveyed indicated that the top rated feature to be offered is competitive pricing on financial accounts and services. The top rated feature among male small business owners is having convenient locations, being cited as important by slightly more than nine in ten of those surveyed. The national Internet survey was conducted with 454 women small business owners in companies having annual sales of $100K to $5M, representing four major industry segments – manufacturing, wholesale trade, retail trade, and selected services. The sample also includes a control group of 160 male small business owners. This study examines the business and personal financial profile of women small business owners, including their experience with relationship managers and the extent of overlap of business and personal financial relationships. In addition, usage of various delivery channels and response to various marketing tactics is measured. SYNERGISTICS is the leading provider of multi-sponsor marketing research for the financial services industry.

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