Chockstone is providing the platform for Ticketmaster’s new Gift Card program. The new program offers gift cards redeemable toward tickets to participating events on sale through Ticketmaster throughout the United States. The cards are available for purchase and redemption online at www.ticketmaster.com, by phone and at most retail Ticket Centers and select venue box offices. Chockstone is a loyalty and stored value solution provider. Ticketmaster serves more than 9,000 clients worldwide across multiple event categories, In 2005, the company sold 119 million tickets valued at $6 billion.Details
PrePay Technologies has teamed with AVANTRA, the commercial managed
service division of LINK, to launch the “Enterprise Payroll” card.
PrePay’s electronic payroll card allows for employees who do not have
bank accounts to receive payroll in a safe, convenient way. With each
payment cycle, the employees’ payment card is “recharged”. The card can be
used just as a debt card, allowing for purchases and cash withdrawal at
ATMs supporting the Maestro system. PrePay creates stored-value programs
and manages several million stored-value-card accounts for major
PrePay Technologies recently issued its 10 millionth prepaid card.
Prague-based Global Payments Europe and retail chain Globus CR, has launched a mobile phone card re-loading service via POS terminals.
The new GP mobile service for prepaid cards will be available to
mobile telephone consumers through Globus hypermarkets. This new service will allow customers at the 11 Globus hypermarkets, with 550 check-out counters, to quickly and easily re-load their phones provided through mobile service operators Telefonica O2 Czech Republic, T-Mobile Czech Republic and Vodafone Czech Republic. Currently, there are more than 7.2 million prepaid mobile phones in use in the Czech Republic.
Euronet has acquired La Nacional. La Nacional, out of South America,
provides money transfer services from
fifteen states in the U.S. Euronet has processing centers located
in the U.S., Europe and Asia, and processes electronic top-up
transactions at more than 265,000 point-of-sale terminals across
the globe. La Nacional originates transactions through a network of over
800 sending agents and 65 company-owned stores located primarily in the
Northeastern U.S. and terminates transactions through a payer network of
over 10,000 locations worldwide. Euronet has approximately 157,000
retailers and 26 offices worldwide, with clients in more than 80
countries. According to the Inter-American Development Bank, the
Dominican Republic is one of the largest receivers of remittances in
Latin America, receiving approximately $2.7 billion in 2005.
Bank of America has announced that Giesecke & Devrient will provide
over-the-air radio technology for its contactless payment service
trial. The trial will confirm consumer interest in companion devices for
contactless payment and solidify plans to offer as an option the
“MasterCard PayPass” application on an NFC-enabled mobile handset. In
this trial, Bank of America associates are given the option of
NFC-enabled mobile phones, which can be used to purchase items by just
waving the phone past a contactless-enabled POS terminal or vending
machine. G&D is a technology leader in smart cards and provides
smart card based solutions. The company employs over 7,500 people and
generates annual revenue over 1.24 billion euros.
Payment processor Smart Payment Solutions (SPS), a payment processing company, has announced a merger with Automated Financial Group (AFG). The combined company, SPS LLC, offers payment services, including ACH processing, returned check processing, credit card merchant accounts, and check conversion. Clients include corporations of all sizes as well as non- profit organizations. AFG and SPS were founded in 1998 and 2002, respectively.Details
NCR expects to report fourth-quarter revenue of more than $1.8 billion, an increase of 5% from the fourth quarter of 2005 and expects full-year earnings per share of $2.04 or more. NCR’s previous earnings expectation for full-year 2006 was $1.90 to $1.95. On an annual basis, NCR expects to generate revenue of more than $6.1 billion, an increase of roughly 2% from 2005.Details
Peppercoin’s Small Payment Suite and parking solution provider Duncan Solutions have partnered to let drivers in Detroit pay for on-street parking with their credit or debit cards. Detroit recently replaced old, traditional parking meters with 175 new multi-space meters, covering nearly 1,225 parking spots. Each of the new multispace meters will cover up to 10 parking spaces and it is estimated that Detroit motorists will generate 300,000 credit and debit card transactions in the first year of deployment. This is one of the largest deployments of parking paystations that accept credit cards in the United States.Details
MasterCard has completely assembled its new Board of Directors with the addition of a Class A and a Class M director. Nancy Karch, retired from McKinsey & Co., will serve as a Class A director. Tan Teong Hean, former CEO of Southern Bank Berhad, will serve as a Class M director. Class A directors include Robert Selander, Richard Haythornthwaite, Nancy Karch, Manoel Luiz Ferrao de Amorim, David Carlucci, Bernard S.Y. Fung, Marc Olivie, Mark Schwartz, and Edward Suning Tian. Class M members of the MasterCard Board of Directors include: Steven Freiberg, Norman McLuskie, and Tan Teong Hean. MasterCard Board of Directors includes eight Class A directors who are independent; three directors representing the financial institutions that own MasterCard Class M shares; and MasterCard President and CEO Robert Selander, also a Class A director. Richard Haythornthwaite, managing partner of UK-based Star Capital Partners, serves as non-executive chairman of the board.Details
TSYS reported that fourth quarter profits rose 75%, hitting $87.1 million. Revenues topped $503 million, a 20% rise over 4Q/05. However, on a GAAP basis, TSYS’s 2007 net income is expected to decline between 5%-3% as compared to 2006. Excluding the one-time Bank of America contract-termination fee in 2006 of approximately $68.9 million and the acceleration of amortization of Bank of America contract acquisition costs of approximately $6 million, net income is now expected to increase between 14-17% in 2007 compared to 2006, versus previous guidance of an increase between 8%-10%. During the fourth quarter, TSYS substantially completed the Capital One conversion; entered into an agreement with Rabobank in The Netherlands; and acquired majority control of a call center business. Also, Robert Philbin was named president of TSYS Acquiring Solutions. For complete details on TSYS fourth quarter performance, visit CardData ([www.carddata.com]).
TSYS REVENUE HISTORICAL
4Q/04: $307.2 million
1Q/05: $350.0 million
2Q/05: $410.2 million
3Q/05: $422.0 million
4Q/05: $420.7 million
1Q/06: $412.3 million
2Q/06: $429.2 million
3Q/06: $441.8 million
4Q/06: $503.9 million
Source: CardData (www.carddata.com)
The ACCEL/Exchange Network will begin offering its members preferred access to surcharge-free ATMs through Allpoint. Allpoint is a division of Cardtronics with 32,000 ATMs in leading national and regional merchant locations across the United States. The ACCEL/Exchange network is owned and operated by Fiserv. Fiserv EFT operates more than 17,000 ATMs and currently processes approximately 435 million ATM and debit transactions per month.Details
U.S. Bancorp reported that its fourth quarter merchant acquiring volume grew more than 28% over 4Q/05 to $56 billion, produced from 841,587 merchants. Credit and debit card revenue and corporate payment products revenue were both higher in the fourth quarter than 4Q/05 by $13 million and $15 million, or 6.6% and 11.9%, respectively. The strong growth in credit and debit card revenue was primarily driven by higher customer transaction volumes. Retail Payment Solutions volume for the quarter was $9.9 billion, up 7.6% over 4Q/05. Corporate Payment Services volume was $9.5 billion, compared to $7.1 billion for the year-ago quarter. For the quarter, U.S. Bancorp’s Payment Services net income was up 39% to $237 million, but, down from $252 million in the prior quarter. For complete details on U.S. Bancorp’s 4Q/06 performance, visit CardData ([www.carddata.com]).
MERCHANT ACQUIRING VOLUME HISTORICAL
Source: CardData (www.carddata.com)