TSAI’s Revenue Rises 19% in Q1

Omaha-based Transaction Systems Architects reported a 19% increase in revenue for the first three months of this year to nearly $90 million. During the quarter, TSAI licensed its “BASE24” to two Tier 1 world banks in Asia, made capacity upgrades for several Tier 1 world banks, retailers and payments processors and issued a new license for the Company’s “Smart Chip Manager” solution by a current Tier 1 bank customer in the Middle East. The Company added seven new customers during the quarter and sold 15 new applications to existing customers. In addition, 25 customers licensed capacity upgrades each valued at a $100 thousand or more. The Company also completed its business reorganization during the quarter and rebranded all of its solutions under the ACI Worldwide brand. For complete details on Transaction Systems Architects latest performance, visit CardData ([www.carddata.com][1])

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

Details

BONY Launches a MC Payroll Card

The Bank of New York announced the launch of its MasterCard branded, stored-value payroll card.The bank has joined with eFunds Corporation to handle the card processing. The payroll card is funded in the same manner as payroll direct deposit. The net amount of pay is loaded to an employee’s card, reducing employers’ check processing and distribution costs, while strengthening their employee benefits offerings since it provides nationwide access to funds via ATMs, and can be used to make purchases from merchants that accept MasterCard.

Details

Dresser Wayne Pignone Intros TPB/CA EMV Terminal

Dresser Wayne Pignone has unveiled its new unattended payment terminal,
the “TPB/CA EMV” terminal. The terminal offers increased durability,
usability and security for petroleum retailers and pay-at-island
customers and meets the latest standards for terminal security. These
standards include EMV (Europay, MasterCard, Visa), PCI – VisaPED
(Payment Card Industry-Visa Pin Entry Device) and Microcircuito.
Dresser Wayne designs and markets software systems that enable its
retail fueling customers to manage the convenience store aspects of
their businesses more efficiently.

Details

AAmonte Bankcard Lands Two Veterans

CA-based AAmonte Bankcard has landed two payments veterans including Steve Elefant, former co-founder of ICVerify and Michael Levitt, former Discover card executive, for its Board. In 1984 he was tapped by Sears to help start the Discover Card and, as Senior Vice President for Sales, ran the Discover Card sales force from 1984-1994. During that period, Discover Card grew from no merchants at all to over two million locations in the United States alone. Elefant co-founded payments software firm ICVerify, Inc in 1988. He then went on to be a founder at several other successful startups including PriceRadar / IMiner, Yaga, AircraftFuel.com and others. He currently is a Venture Partner at Claremont Creek Ventures. AAmonte provides full service, custom-designed credit card processing systems and electronic payment technology to small, mid-sized and large businesses.

Details

CreditXpert Introduces Credit Assure

Maryland-based CreditXpert Inc. has introduced “Credit Assure,” an automatic scanner that performs due diligence on consumer credit reports, either alerting lenders to potential issues that may artificially depress an applicant’s credit scores or providing assurance that the credit scores are sound. CreditXpert provides personalized credit management tools including simulation, optimization, and analysis to help lenders make more informed decisions.

Details

Scotiabank Launches a C-Card Program

Scotiabank’s Global Transaction Banking unit has launched a “Commercial Card” program in the U.S. after recently getting approval from VISA U.S.A. to offer its “Commercial Card” expense management program to both U.S.-based multinational clients and domestic-only U.S. corporate accounts. Scotiabank offers a diverse range of products and services including personal, commercial, corporate and investment banking with $325 billion in assets.

Details

Comdata’s Q1 Revenue Climbs 13%

Minneapolis-based Ceridian reported that first quarter revenue for its Comdata payments unit increased 13% year-on-year to $104.4 million. The Company said higher fuel prices accounted for about 3% of the increase. During the quarter, several new marquee transportation customers were signed. Comdata says demand for the “BusinessLink” product and further penetration into the gasoline fleet market continue to drive growth in its transportation segment. Comdata revenue for 2006 is expected to be between $450 million and $465 million, up between 10% and14% over 2005. Overall, first quarter revenue was $384.3 million up almost 8% over the prior year. For complete details on Ceridian’s first quarter performance, visit CardData ([www.carddata.com][1]).

COMDATA REVENUES
1Q/05: $ 92.2 million
2Q/05: $102.5 million
3Q/05: $109.5 million
4Q/05: $104.7 million
1Q/06: $104.4 million
Source: CardData (www.carddata.com)

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

Details

Fiserv Names a New CFO

Wisconsin-based Fiserv has named Thomas Hirsch as EVP/CFO effective July 1st replacing the retiring Kenneth Jensen. Hirsch joined Fiserv in 1994 and served most recently as senior vice president and corporate controller, where he also had responsibility for the investor relations and treasury functions. Hirsch has a masterâ™s degree in business administration and a bachelor’s degree in finance and accounting from the University of Wisconsin. He is also a certified public accountant.

Details

INGENICO 1Q/06

Terminal manufacturer Ingenico reported first quarter sales of 120 million euros compared to 98 million euros for 1Q/05. The Company says sales from North America, Southern Europe, and Latin America drove the higher figures. Ingenico also says its supply chain difficulties issue has been resolved. Ingenico employs 1200 people, with 22 subsidiaries/offices and 100 distributors around the world. The company annually delivers 1.5 million payment terminals worldwide.

Details

Exigent & PRE Solutions Settle Lawsuit

Exigent Technology and PRE Solutions have settled a patent lawsuit over transaction processing systems. In 2004, Exigent alleged that PRE Solutions deployed through its retail customer network a system infringing multiple claims of the ‘885 Patent. The parties have agreed to dismiss with prejudice the current litigation filed in federal court.The settlement reached grants PRE Solutions a non-exclusive license to Exigent’s United States Patent No. 6,651,885, entitled “Multifunction Transaction Processing System,” which issued on November 25, 2003. PRE Solutions will also pay to Exigent an undisclosed settlement and license fee.

Details

Intersections Introduces IDENTITY GUARD

VA-based Intersections has introduced a new consumer service that includes a full suite of tools to combat escalating identity theft and fraud. “IDENTITY GUARD Fraud Protection” includes four key components. A personalized “ID Risk Assessment” is an indicator of the likelihood one may currently be a victim of identity theft. A comprehensive “Public Record Profile” enables consumers to see what information is publicly available about them. “Internet Surveillance” enables consumers to tap into sophisticated Web crawling technology designed to reduce the risk of credit card fraud by continuously searching the Internet for evidence that registered cards are being sold or traded online. “Daily Monitoring” of an individual’s credit report is the fourth component. “IDENTITY GUARD Fraud Protection” retails for $24.95 for the first 3 months, and $12.99 for each additional month.

Details