Pay By Touch Adds 1,000 Merchant Accounts

San Francisco-based Pay By Touch closed an asset purchase agreement to acquire nearly 1,000 merchant accounts from the merchant portfolio held by Camelot Systems d/b/a Paynet Transaction Services, an CA-based ISO. Included in this diverse portfolio of companies are more than 50 NCAA sporting venues, the Dave Matthews Band and the Arcese, Furst and Associates (AFA) client roster, including David Yurman, Polo Warehouse, and Sean John Outlets. Paynet’s merchants are ideal candidates to adopt Pay By Touch’s secure and cost effective biometric payment and personalized rewards solutions which give small to mid-sized businesses a clear competitive advantage. Pay By Touch (http://www.paybytouch.com) is wowing the world one touch at a time as the global leader in biometric authentication, personalized marketing and payment solutions.

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U.S. Bank Powers the Truman University ID Card

MO-based Truman State University has selected U.S. Bank to be its campus bank card partner to bring banking functionality to the “Truman ID Card”. In addition to the new banking functionality, the Truman ID Card already provides official campus identification for more than 6,000 students, faculty and staff. The card can be used to purchase meals on campus, as a laundry debit card and as a library card. It also provides access to the school”s Recreation Center. U.S. Bancorp (NYSE:USB), with assets of $217 billion, is the 6th largest financial holding company in the United States.

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Pipeline Data’s 3Q/06 Revenues Soar by 136%

MA-based Pipeline Data reported that third quarter revenue climbed 136% to $14.9 million and gross profit increased 171% to $4.3 million. Operating income increased to $1.2 million from $156,300 for the same period last year. Net loss was $(304,800), as the company incurred an interest expense of $1.5 million of which $764,200 was due to the amortization of debt issuance costs. For the nine months ended September 30, 2006, revenue increased 80% to a record of $30.7 million as compared to $17.0 million for the same period last year. Gross Profit increased 139% to $10.5 million as compared to $4.4 million for the same period last year. Pipeline Data provides integrated credit card transaction processing services for merchants in three key areas: e-commerce solutions, retail merchant payment and wireless mobile payment.

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GPN Europe Completes Diginet Asset Acquisition

Global Payments has completed the acquisition of the assets of Diginet, an indirect payment processor for both POS and ATM transactions. Diginet is based in Sarajevo, Bosnia and Herzegovina. Diginet’s management team and employees will join Global Payments Europe and will help to expand its reach into the Balkan region. Diginet was founded in 1996, and offers financial institutions credit and debit card transaction processing services, sales, installation and servicing of ATM and POS terminals, and card issuing services.

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Metavante and Yodlee Sign a Reciprocal Deal

Metavante announced a reciprocal agreement with Yodlee, that integrates Metavante electronic bill payment with Yodlee’s proprietary credit and debit card payment functionality, and integrates Yodlee solutions with Metavante’s electronic bill payment processing capabilities. Benefits of the agreement include enabling end users of Metavante online bill pay to make payments with their credit and debit cards. Leading financial institutions trust Yodlee to power critical online banking applications that increase profitability and drive more value from the online channel. Metavante Corporation delivers banking and payments technologies to financial services firms and businesses worldwide.

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Transaction Systems Architects Revenue Up 12%

Transaction Systems Architects reported that revenue for the quarter ended September 30th rose 12% year-on-year to $88.5 million. However, net income for the quarter was $2.3 million, a decrease of 75% from one-year ago. The quarter was impacted by special charges for investment and globalization and by the settlement of a class-action lawsuit. During the quarter, TSAI added nine new customers, sold 33 new applications to existing customers,and 23 customers licensed capacity upgrades. Backlog for the next 12 months was $291.5 million as of September 30th, as compared to $258.2 million for the quarter ended June 30th. The Company revised its guidance for fiscal 2007 to be in the range of $430 million to $442 million. For complete details on Transaction Systems Architects’ latest results visit CardData ([www.carddata.com][1]).

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

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Leigh Mardon Taiwan Acquired by Gemalto

Gemalto has signed a deal with Leigh Mardon Group to acquire Leigh Mardon Taiwan. Melbourne-based Leigh Mardon is an established supplier of secure transaction products and services. Leigh
Mardon is security accredited by VISA, MasterCard, Europay, Bankcard,
Diners Club and American Express and holds International Quality
Standards Organisation (ISO) “9002” series certification.Taiwan is currently in an EMV migration with most cards to be converted by 2008. The transaction is expected to close on November 30th.

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Chase to Launch a Seamiles Reward Card in 07

Chase has signed a long-term deal with FL-based SeaMiles to issue a “Seamiles Reward Card” early next year. The new card will enable consumers to earn for everyday spend while redeeming on the cruise line of their choice through SeaMiles’ redemption platform. Cardholders wil earn bonus points by booking the cruise line of their choice on the card as well as earning points for purchases made onboard cruise ships. SeaMiles program is also launching a preferred partner network of travel agent retailers. About 13 million North Americans cruised in 2005, a steady increase of 8.73% over the previous year. SeaMiles began in December 2004.

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First Natl Merchant Solutions Renews The Buckle

Omaha-based First National Merchant Solutions announced an extension of its 14-year credit card processing relationship with NE-based The Buckle and its 350 locations in 38 states. First National Merchant Solutions provides a variety of payment processing solutions to meet the unique needs of merchants. These solutions include credit and debit card processing, secure Internet commerce processing, Electronic Benefit Transfer processing and check guarantee, authorization and collection. First National Merchant Solutions is a top 10 payment processor with more than 50 years of experience providing first-rate service and solutions to businesses across the nation.

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Online Resources Launches CardHQ for Gift Cards

VA-based Online Resources has launched “CardHQ,” an online gift card store that synthesizes two primary consumer payment platforms, the checking and card account. The first available service of its kind, Card HQ synthesizes two primary consumer payment platforms, the checking and card account, to create a virtual transaction account for the purchase and re-loading of stored value gift cards, which are provided in either physical or virtual form. Online Resources powers web-based financial services for 2600 financial institutions, billers and credit service providers.

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First Data Debit Rewards Enhanced by IFSG

First Data Debit Services has signed an agreement with Interactive Financial Services Group to provide a school and charity rewards feature as a component of First Data’s Debit Rewards program. This new service will be in addition to the travel, merchandise and cash rebate programs that are currently available to financial institutions for which First Data Debit Services provides processing services. First Data Corp. (NYSE: FDC) is a leading provider of electronic commerce and payment solutions for businesses worldwide. IFSG is a Washington State financial services corporation based in Bellevue, WA. It designs and develops innovative web-based products for financial institutions primarily in the education sector.

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