Parcxmart Technologies says its card deployment in New Haven, CT’s 2,500 parking meters showed its transactions represented a 10% market share of the total value collected. The “Parcxmart Card” is a fully functional parking and local merchant smart card payment system. There are about 50 New Haven merchants currently participating, with 75 to join by year’s Parcxmart says it expects to penetrate 50% of the payment volume in New Haven by the end of first quarter. Because of the new smart card solution the City of New Haven raised its rates for the first time in twenty years from 75 cents an hour to $1.25.Details
VA-based Transaction Network Services has signed a deal to provide network services for FASTLANE’s U.S. “Virtual Payment Network”. FASTLANE benefits both consumers and merchants by offering consumers convenience and merchants a secure and enhanced point of sale product offering. With a single swipe of a driver’s license or state issued ID card, the consumer’s identity is verified and access is gained into FASTLANE’s VPN, offering consumers access to checking account debit services, loyalty and gift card services. Transaction Network Services is one of the leading providers of business-critical, cost-effective data communications services for transaction-oriented applications. The FASTLANE payment network is leveraging a piece of plastic that is in virtually every consumer’s wallet.Details
Atlanta-based Radiant Systems has inked an agreement with Strategic Restaurant Acquisitions to implement “Aloha QuickService POS” running on Radiant hardware in Strategic’s 240 Burger King locations. n addition to Aloha POS software, the Strategic solution includes Radiant P1220 POS terminals with C500 Graphical Customer Displays, Aloha Kitchen Display Systems, Aloha Credit Card Processing and Aloha Central Database Management (CDM). Rdiant Systems, Inc. (www.radiantsystems.com) is a leader in providing innovative technology to the hospitality and retail industries. Strategic Restaurant Acquisitions Corporation is currently the second largest Burger King franchisee.Details
IN-based Scott’s Food & Pharmacy has launched the Pay By Touch biometric payment solutions. The Pay By Touch system uses a secure finger scan to debit a shopper’s checking account just like using a check or debit card. Finger scans are more secure than paper checks or debit cards because the account numbers are not exposed to anyone — not even to the store associate. Pay By Touch ( http://www.paybytouch.com ) is wowing the world one touch at a time as the leader in biometric authentication, personalized marketing and payment solutions. Scott’s Food & Pharmacy is Fort Wayne’s oldest grocery store chain, with 18 full-service stores in northeast Indiana.Details
Smart card specialist Gemplus International reported that third quarter sales dropped more than 11% primarily due to strong price pressure in the wireless segment. Third quarter revenues came in at $278 million, compared to $313 million in the prior quarter and $314 million for 3Q/05. Gemplus shipped 20.8 million units of payment microprocessor cards during the quarter, down 6% year-on-year, reflecting maturity of the U.K., France, Turkey markets and delays in EMV roll-outs in Southern Europe and in some emerging countries. Payment microprocessor card revenue was down 17% year-on-year, due to price pressure in mature markets and a greater share of modules in emerging countries. Last month, Gemplus announced that it no longer expects to meet its financial performance outlook for 2006 due market conditions that will remain challenging, and uncertainties in the global economic environment. Gemplus is currently merging with Axalto to create Gemalto. For complete details on Gemplus’ third quarter performance visit CardData ([www.carddata.com]). (CF Library 9/13/06)
GEMPLUS NET SALES HISTORICAL
Source: CardData (www.carddata.com)
Dallas-based TransFirst and Discover Financial Services have teamed to integrate Discover Network card acceptance into TransFirst’s line of services for its financial institutions, independent sales partners and merchant customers. The agreement allows Discover Network to reach TransFirst customers and merchants, who will benefit from the integrated processing solutions made possible by the partnership. TransFirst customers include traditional and non-traditional merchants, healthcare, card-not-present and government or public entities-all of which will have Discover Network card acceptance integrated into TransFirst’s customized and flexible credit card processing programs and 24/7 in-house customer support. Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE:MS), operates the Discover Card with more than 50 million Cardmembers, and the Discover Network, with more than 4 million merchant and cash access locations. TransFirst offers a first-rate suite of products and services and customized processing programs uniquely tailored for the special business needs of financial institutions, independent sales organizations and agents and its referral and reseller partners.Details
WI-based Fiserv reported that third quarter revenues increased 14% to $1.16 billion. The “Financial” segment 3Q/06 operating income was up 16% to $165 million. Fiserv “Electronic Funds Transfer” had strong sales results with 48 new clients signed in the quarter, bringing the total for the year to 159 new clients. The “Fiserv Clearing Network” added 81 new clients in the quarter and a total of 205 clients in 2006. During the quarter Fiserv completed two acquisitions, The Jerome Group, a full-service direct marketing firm and digital print provider, and InsureWorx, a provider of core processing software solutions for workers. The company updated its full-year 2006 continuing operations earnings estimate to be within a range of $2.51 to $2.54 per share, from its previously communicated guidance of $2.48 to $2.54 per share. For complete details on Fiserv’s third quarter performance, visit CardData ([www.carddata.com]).
No Borders has signed an agreement with Transaction Management to provide loading capabilities at merchant payment locations for its “noboCARD.” The noboCARD(TM) is the No Borders prepaid reloadable debit card product for the unbanked and migrant community which is scheduled for deployment during the fourth quarter of this year, pending regulatory approval of certain specific card features. No Borders, Inc., a Nevada Corporation, is in the business of providing financial services and products that include a debit and stored value card platform through which a variety of financial and commercial services and products can be offered to residents of developing countries and to immigrants from those countries who reside in the United States and send money back home on a regular basis. Transaction Management, LLC is a leading electronic payment services company providing electronic transaction services and walk-in payment services to a nationwide market.Details
Build-A-Bear Workshop, with 255 locations worldwide, has inked a “Bear Buck$” gift card deal with Atlanta-based InComm. Gift Cards are the most requested gift items for birthdays, Christmas and other gift occasions, and Build-A-Bear Workshop is extremely popular among children of all ages. InComm and its retail partners will make it easier than ever for consumers to purchase Bear Buck$ gift cards for Build-A-Bear Workshop. InComm is an innovator in prepaid products and point-of-sale technology specializing in retail prepaid services, subscriber services and payment solutions that are changing the way consumers purchase. Build-A-Bear Workshop, Inc. is the only global company that offers an interactive make-your-own stuffed animal retail-entertainment experience.Details
San Francisco-based Pay By Touch has launched the “Rapid Enroll Kiosk” to provide Internet enrollment for loyalty and rewards programs. With the new in-store, Internet-enabled enrollment kiosks, customers can sign up quickly, accurately and securely using an integrated ‘phone number look-up’ application. The Rapid Enroll Kiosk offers multiple financing options available for retailers of all sizes. Pay By Touch Personalized Marketing can create custom reward and loyalty programs for retailers with no established program or under-performing programs in need of revitalization. Pay By Touch (http://www.paybytouch.com) is wowing the world one touch at a time as the leader in biometric authentication, personalized marketing and payment solutions.Details
NOVA Information Systems has selected the VeriFone “Vx 610” portable payment solution with which to supply merchants wireless payment transactions utilizing Sprint Nextel’s “CDMA” service. VeriFone’s Vx 610 delivers blazing performance, high-end functionality, and exceptional ease of use – without tying customers to a fixed location. The Vx 610 is powered by a 32-bit processor to securely handle multi-application needs swiftly, and its modular design provides true investment protection, allowing easy adaptation to new technologies and alternate communications protocols. NOVA Information Systems, a leader in the payment processing industry is a wholly owned subsidiary of U.S. Bancorp. VeriFone Holdings, Inc. , a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow.Details
KS-based Euronet Worldwide’s reported that for the first time that the number of “Prepaid Processing” transactions processed exceeded the number of its EFT transactions. The Company posted third quarter revenues of $161.7 million, an 18% increase over 3Q/05. Net income also rose 17% to $10.4 million, compared to the third quarter 2005. “EFT Processing” posted revenues of $33.2 million, compared to $26.3 million for 3Q/05. Transactions processed were 119.1 million, compared to 94.4 million transactions in the same period last year. The EFT Segment completed the quarter with 8,419 ATMs owned or operated. “Prepaid Processing” reported revenues of $121.2 million, compared to $107.7 million for the third quarter of last year. Transactions processed were 121.9 million, compared to 94.6 million transactions in the third quarter 2005. The “Software Solutions” segment produced revenues of $7.3 million for the quarter. Combining all segments, transactions processed in the third quarter 2006 were 241.0 million compared to 189.0 million processed in the third quarter of 2005. For complete details on Euronet’s latest results visit CardData ([www.carddata.com]).