Solid Innovation & PPI Launch Si Credit Card Settlement

Solid Innovation mobile software & Payment Processing have
introduced a credit card settlement known as “SI”. “Si Credit Card
Settlement” is designed for Si Route Accounting and Si Mobile Sales. The
system caters to distributors who have customers that pay by credit card
and want to receive payment at remote customer sites. Thus, the merchant
does not have to bill them and have outstanding accounts receivable. In
2005, Solid Innovation handled an estimated 800,000 transactions. Their
distributor clients currently visit about 30,000 locations throughout
North America. Payment Processing Inc. supports over 600 software
developers and more than 17,000 merchants with payment solutions. In
2006, the company processed over $3 billion in VISA and MasterCard
payments.

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EURONET 4Q/06

Euronet Worldwide’s reported that its profits for the fourth quarter
more than doubled compared to the year-ago quarter. The Company posted
fourth quarter revenues of $166.8 million, an 16% increase over 4Q/05.
Net income soared to $15.4 million, compared to $7.2 million for the
fourth quarter 2005. “EFT Processing” posted revenues of $35.3 million,
compared to $29.3 million for 4Q/05. Transactions processed were 128.1
million, compared to 103.1 million transactions in the same period last
year. The EFT Segment completed the quarter with 8,885 ATMs owned or
operated. “Prepaid Processing” reported revenues of $124.6 million,
compared to $111.7 million for the fourth quarter of last year.
Transactions processed were 132.1 million, compared to 100.0 million
transactions in the fourth quarter 2005. The “Software Solutions”
segment produced revenues of $6.9 million for the quarter. Combining all
segments, transactions processed in the fourth quarter 2006 were 260.2
million compared to 203.1 million processed in the fourth quarter of
2005. For complete details on Euronet’s latest results, visit CardData
(www.carddata.com).

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Priceless PayPass Spot to Debut Sunday

MasterCard is debuting a new “Priceless” commercial this weekend on the “Academy Awards.” The 60-second spot entitled, “Ella Phant” will promote the “PayPass” contactless payment technology. The new commercial was directed by Jim Sheridan. He also directed MasterCard spots entitled “Weekend House” and “Mother-Daughter. To support the new spot MasterCard is rolling-out a series of vignettes tomorrow featuring celebrities tapping to make purchases using “PayPass” cards. The vignettes will be available on priceless.com. Celebrities include movie critic Gene Shalit, comedian David Cross and football player Vinny Testaverde. Creative for MasterCard’s Priceless campaign is handled by McCann Erickson/New York. To date, about 13 million “PayPass” cards have been issued.

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People’s Choice Discover Card Unveiled

FL-based nFinanSe has unveiled its “People’s Choice” line of instant issue “nFinanSe Discover Network Gift Cards.” The cards have English or Spanish packaging as well as English or Spanish speaking customer service agents. nFinanSe launched its line of instant issue cards earlier this month, which will be sold at retail locations. Its features will include instantly issued Discover Network cards for immediate use, a $5.95 suggested retail price, $2.95 monthly fee, free first load, no hidden transaction fees or gimmicks and are reloadable at 80,000 nFinanSe Network locations. (CF Library 2/8/07)

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AmEx Promotes Women Entrepreneurs

Eight women entrepreneurs in the American Express OPEN “Make Mine a $Million Business” program will be on hand at the “Make Mine a $Million Business” event at the Women’s Congress in Boston on March 29 to share their success stories and inspire others. The eight women entrepreneurs who now own million-dollar enterprises are Maureen Borzacchiello, president of Creative Display Solutions; Dr. Amelia Case founder of Universal Health Institute, Amelia Moran Ceja, president of Ceja Vineyards; Melinda Earl, majority partner of StoneImpressions; Gina Stern, of Newark, NJ, president of d_parture spa; Dawn Stokes CEO of The Texas Driving Experience; Sandi Webster, principal of Consultants 2 Go and Kris Wittenberg, founder and president of SayNoMore! Promotions In the US economy, women own 10.4 million businesses, but only 3% generate more than $1 million in revenues. Make Mine a $Million Business is a program of Count Me In for Women’s Economic Independence, a not-for-profit organization, and Founding Partner OPEN from American Express. It is the only national initiative committed to the growth needs of post-start-up, women-owned businesses with less than $1 million in annual revenues.

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CO-OP Introduces ATMContent Manager

Co-Op Financial has introduced the “CO-OP ATMContent Manager,” a web- based ATM screen messaging management system. “ATMContent Manager” give autonomy to credit unions to change ATM messages in-house and not interrupt processing. “ATMContent Manager” was developed through a partnership with TEKchand LLC, a Chicago-based ATM Software and Solution provider. CO-OP Financial Services network consists of more than 25,000 surcharge-free ATMs.

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FDC to Exit Check and MO Business

First Data this morning announced it has decided to gradually exit its “Official Check” and “Money Order” business. The decision followed a strategic review. The wind-down is expected to free up between $250-$300 million in cash. The revenue for the business is primarily driven by investments in long-term securities. Over the next four to six months, FDC will convert most long-term instruments into more liquid instruments of shorter duration. FDC will serve existing clients through the end of their respective contract terms but expiring contracts will not be renewed on a long-term basis. Client contracts representing approximately 60% of portfolio balances will expire in the next two years.

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MedCom 4Q/06 Income Drops by 27%

MedCom USA has reported improved financial and operating results for the second quarter ending December 31, 2006, showing significantly higher gross margins, substantially lower operating expenses and another quarter in a row of positive EBITDA. Net revenue for the second quarter was $1,467,904 as compared to $2,018,738 for the comparable period last year, a decrease of 27%. For the six months ending December 31, 2006, net revenue was $3,068,496 as compared to $4,127,068 for the comparable period last year. This is a decrease of 26%. Net loss for the first six months of Fiscal Year 2007 declined by 69% to $868,240, or $0.01 per diluted share, compared to a net loss of $2,788,012, or $0.05 per diluted share in the same period last year. MedCom USA provides healthcare and financial transaction solutions for electronically processing HIPAA compliant transactions within the healthcare industry.

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Experian Settles Again on Free Reports

The Federal Trade Commission and Experian Consumer Direct have reached a settlement in a dispute over the marketing of free credit reports. The FTC says the “free credit report” offer failed to disclose adequately that consumers who signed up would be automatically enrolled in a credit-monitoring program and charged $79.95. The FTC alleged that the failure to clearly disclose the enrollment and charges violated a previous settlement. Consumerinfo.com, doing business as Experian Consumer Direct, agreed to pay $300,000 to settle the charges. In August 2005, Consumerinfo.com, paid $950,000 to settle FTC charges that it deceptively marketed “free credit reports.”

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