FreeStar Technology Q4 Revenue Rises 40%

Thanks to the acquisition of Project LifeCycle Partners and the shipping
of more processing terminals, FreeStar Technology has reported a
40% revenue gain for the quarter ending December 31st. Deploying
processing terminals is
especially helpful, generating both hardware sales revenue as well as
processing revenue. The company’s transaction processing volume rose
9.6% to 5.3 million transactions over the three months signaling the
36th consecutive month of year-over-year processing volume. The
Company’s revenue for the six months ended December 31, 2006,
rose 8% to $1,273,762 from $1,180,694 in the comparable period of fiscal
2006. For the same period, transactions processed
rose 10% to 10.2 million transactions from 9.2 million in the year-ago period. FreeStar Technology works with merchants and
acquirers in more than twenty countries providing mission-critical
solutions to the financial industry worldwide.

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HSBS Renews Gottschalks Store Card

Gottschalks has signed a new multi-year agreement with HSBC for the retailer’s proprietary credit card program. The partnership with HSBC has been a significant driver of sales, profit, and customer loyalty for Gottschalks. Gottschalks will also work together with HSBC Retail Services on various marketing initiatives designed to increase Gottschalks sales and further build the company’s credit card business. Gottschalks offers better to moderate brand-name fashion apparel, cosmetics, shoes, accessories and home merchandise and currently operating 60 department stores and 5 specialty apparel stores in six western states.

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Interac Certifies WAY System’s Mobile POS

Interac’s EWA Canada has certified “MTT 1556C Mobile,” WAY system’s
wireless point-of-sale terminal. Interac has determined, with
stringent security & performance standards, that WAY System’s portable
POS solution is worthy of certification under EWA Canada. Interac
Association is a not-for-profit organization composed of 95 members,
including banks, trust companies, credit unions, caisses populaires (the
equivalent of a credit union), technology and payment related companies.
WAY Systems is a leading global service provider of mobile phone based
Point of Sale solutions designed for millions of unwired merchants
worldwide.

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ORCC 4Q/06 Revenues Soars by 86%

VA-based Online Resources reported that revenue for the fourth quarter soared by 86% to $29.4 million. The Company says strong operating fundamentals drove higher than expected core earnings in the quarter. Earnings before interest, taxes, depreciation and amortization was $7.3 million, compared to $3.9 million in the prior year. During 2006 ORCC became a top bill payment provider to small-to mid-size institutions and as second overall, including 10 of the 50 largest banks; became the industry’s largest biller network, with 250 billers and 2,100 biller endpoints; and substantially increased consumer end-users to 9 million and payments processed to over 175 million transactions annually. For complete details on ORCC’s performance, visit CardData ([www.carddata.com][1]).

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

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VASCO Fourth Quarter Revenues Rise 44%

Vasco has announced revenues for the fourth quarter increased
44% to $25.2 million from $17.5 million in 2005 and, for the full-year
2006, increased 39% to $76.1 million from $54.6 million in 2005. Net
income available to common shareholders for the full-year 2006 was $12.6
million. Apparently this success is a result of the companies’
capability expansion as an authentication company, which was announced
at the beginning of 2006. This expansion was well received by the market
allowing for an increase in 4Q revenue. With approximately 32 million
Digipass licenses sold and delivered, VASCO is established as a leader
in strong User Authentication. VASCO provides service to approximately
650 international financial institutions and approximately 3,600
corporations and governments located in more than 100 countries.

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Triton to Offer De La Rue MiniMech

MS-based ATM manufacturer Triton will once gain offer the De La Rue “MiniMech.” The “MiniMech” is a small and lower cost cassette mechanism designed and manufactured by De La Rue that allows the cash cassette to be replenished without a special loading tray or keys, enabling retailers to easily refill the ATM on their own. Triton will offer the cassette on its “9100” ATMs. The “9100” is also available with the TDM-100, TDM-150, TDM-200, TDM-250, SDD and without a mechanism for customers wishing to use the mechanism from their older Triton units. Triton is the largest provider of off-premise ATMs and ATM management software in North America and has more than 158,000 installations in over 24 countries worldwide.

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JAN CARD LENDING

New borrowing on credit cards contracted for the fifth consecutive
month, dipping by nearly GBP 500 million in January. For the past six
months credit card lending has declined by an average of GBP 219 million
per month. Revised figures show new credit card lending decreased by
more than GBP 300 million per month since September. The British Bankers
Association reports that overall consumer credit fell by GBP 13 million
while personal loans and overdrafts rose by GBP 483 million during
January. Total lending to the UK private sector showed a net underlying
increase of 1.7% of GBP 21.9 billion to GBP 1.29 trillion. The BBA
collects data from Abbey, Alliance & Leicester, Barclays, Bradford &
Bingley, HBOS, HSBC Bank, Lloyds TSB, Northern Rock and The Royal Bank
of Scotland.

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Delta Expands Buy and Transfer Miles

Delta Air Lines has expanded its “Buy and Transfer Miles” programs, enabling customers from around the world to purchase, gift and transfer miles online, through a partnership with Points International. The “Buy Miles” program provides customers worldwide with opportunities to purchase miles for themselves or family and friends for as little as $30. The “Transfer Miles” program allows customers to transfer miles directly from one “SkyMiles” account to the account of another “SkyMiles” member. Both programs require a minimum of 1,000 miles per transaction. Points International provides a reward-program management portal.

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Barclaycard Flexi-Rate Offers Special Rates

Barclaycard’s “Flexi-Rate Card” is offering a lower APR and a new 0%
balance transfer deal for twelve months. This
will enable cardholders to reduce borrowing costs on other credit cards
by switching to “Flexi-Rate.” However, the consumer will have to pay a
2.5% balance transfer fee. Customers are twice as likely to repay
more than 10% of their outstanding balance each month, reducing the
interest rate charged to 9.9%. “Flexi-Rate” also charges a lower interest
rate to those customers who pay off a higher proportion of their
balance. Outside the UK, Barclaycard provides credit cards in the United
States through Barclaycard US, Germany, Spain, Italy, Portugal,
Scandinavia and across Africa.

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Capital One Enters Prepaid Cards

Capital One has made its first move into the prepaid card market. NetSpend is partnering with the top issuer to develop and launch reloadable prepaid debit products. Under the multi-year strategic partnership agreement, NetSpend will be the exclusive strategic partner for Capital One’s reloadable prepaid program. Capital One had 37.6 million accounts as of December 31st, compared to 37.5 million in the prior quarter and 37.6 million one-year ago. The “NetSpend Prepaid Card Network” includes leading consumer brands and the foremost companies serving the un-banked and under-banked markets and its strategic relationships include card issuers, EFT networks and payment card associations. (CF Library 1/19/07)

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First Data Opens Office In Croatia

Electronic commerce and payments services provider First Data has
opened its’ third European office in the past year in Zagreb, Croatia.
The branch will also serve the Slovenia, Bosnia, & Herzegovina regions.
The Company offers financial institutions and large retailers a
wide-range of high-quality, competitive electronic processing and
support services. These are countries First Data sees as key markets because of imminent potential for growth in the electronic payments market. The company has approximately 7,900 employees. First Data operates across the globe serving 4.9 million merchant locations, 1,900 card issuers and their customers.

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Sen. Specter Surveys Interchange Fees

Sen. Arlen Specter met with Pennsylvania grocery shoppers and Giant Food CEO Carl Schlicker to explore the impact of hidden credit card “interchange” fees. Interchange fees are charged to merchants by VISA and MasterCard every time a customer uses a credit or debit card. Interchange fees are set in secret, and unlike other credit card fees, they are not disclosed to consumers and add an average of two percent to every credit card transaction. VISA, MasterCard and their member banks collect more than $30 billion in interchange fees every year. The Merchants Payments Coalition collectively represent about 2.7 million stores with approximately 50 million employees is fighting for a more competitive and transparent card system that works better for consumers and merchants alike.

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