Cardtronics Q2 Revenue Doubles Y/Y

Houston-based Cardtronics reported that revenues for the second quarter doubled year-over-year to $69.2 million. The revenue was primarily due to the acquisition of the E*TRADE ATM portfolio one-year ago and other acquisitions this year, which expanded its ATM portfolio from 12,004 units in 2/04 to 26,241 units in 2Q/05. During the second quarter Cardtronics acquired Bank Machine Limited, an independent owner and operator of approximately 1,000 ATMs located throughout the UK. The Company also acquired the ATM portfolio of Neo Concepts, an independent owner and operator of about 360 ATMs, most of which are located at BP Amoco locations throughout the Midwest. Additionally, Cardtronics signed an ATM branding agreement with Chase involving 250 ATMs located in Duane Reade stores throughout the New York metropolitan area. Cardtronics is the world’s largest owner/operator of ATMs. For complete details on Cardtronics’ second quarter performance, visit CardData ([www.carddata.com][1]).

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

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VISA CCE & SpendTrak Show a Strong Economy

VISA’s latest “Commercial Consumption Expenditure Index” and “SpendTrak” shows that small businesses are confident and investing in their businesses, while consumers are also confident and empowered to make purchases. U.S. spending on VISA-branded cards totaled $774 billion for this year through August 21st, representing 14% growth compared to the same time period last year. VISA noted that consumer spending on VISA cards in the Northeast region grew more than 10%. VISA’s “CCE” analysis indicates that non-payroll spending by U.S. businesses and government agencies will continue a pattern of solid growth, increasing an estimated six percent in 2005 to $16.2 trillion, and expand further to reach more than $17.3 trillion by 2007.

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MasterCard Shapes the Future of Travel in China

MasterCard has launched its new “World Traveler” brand campaign, underscored by a specially created “Priceless” television commercial, that aims to enable Chinese travelers to experience a world without borders. The launch was held in Beijing and included senior
executives from a wide range of travel organizations. The new ad shows a young Chinese couple traveling around different locations in Europe, using their MasterCard cards wherever they go. The advertisement drives home the message of how MasterCard enables consumers to truly ‘experience a world without borders.’ The spot has already begun airing on the major television stations in Beijing, Shanghai and Guangzhou.

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NFCC Expects Counseling Sessions to Double

The National Foundation for Credit Counseling says the new federal bankruptcy law will require its members to provide twice as many counseling sessions. The nonprofit credit counseling organization says its agencies must expand their infrastructure, develop new course materials and hire and train more than 1,050 additional financial counselors. The NFCC delivers services through more than 1,000 community-based branch offices nationwide. According a recent internal survey, the NFCC agencies expect to provide about 780,500 pre-filing counseling sessions to individuals who are considering bankruptcy and another 536,300 pre-discharge education sessions to individuals who have filed for bankruptcy but are waiting for their debts to be discharged. Those sessions would be in addition to NFCC member agencies non-bankruptcy counseling sessions, which totaled nearly 800,000 in 2004.

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AMEX & BANCO PATAGONIA

Banco Patagonia and American Express have launched a credit card
denominated in both in pesos and U.S. dollar denominations. The new
“Banco Patagonia American Express Card” will be available as a
standard and a gold card. The card will be designed, issued and managed by
Banco Patagonia. Banco Patagonia ranks fifth among the Argentine
financial system’s privately held domestic banks. American Express
Global Network Services has entered into 91 strategic alliances to issue
cards in over 104 countries. In Latin America, American Express GNS has
25 alliances in 19 markets, therefore ensuring the successful growth for
the business in the region.

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Desjardins Lowers POS Ceiling on Debit Cards

Banco Patagonia and American Express have launched a credit card
denominated in both in pesos and U.S. dollar denominations. The new “Banco Patagonia American Express Card” will be available as both a standard and gold card. The card will be designed, issued and managed by Banco Patagonia. Banco Patagonia ranks fifth among the Argentine financial system’s privately held domestic banks. American Express Global Network Services has entered into 91 strategic alliances to issue cards in over 104 countries. In Latin America, American Express GNS has 25 alliances in 19 markets, therefore ensuring the successful growth for the business in the region.

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Heartland Sets 3 Processing Records in Aug

New Jersey-based Heartland Payment Systems reports it handled over $2 billion in VISA card processing volume and more than $1 billion in MasterCard processing volume during August, for a record total of $3.4 billion. Heartland Payment Systems, Inc.provides credit/debit card processing and payroll solutions to over 100,000 small to medium-sized merchants throughout the United States.

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BankWest and First Data Team for Merchant Acquiring

BankWest and First Data have formed an alliance for
merchant acquiring services in the Australian market. BWA Merchant Services combines the benefits of BankWest’s local market
knowledge and existing merchant relationships with First Data’s
extensive merchant services experience and expertise. BankWest’s decision to form this alliance reflects the growth strategy
of its UK-based parent, HBOS. First Data has a long-standing
relationship with both BankWest and HBOS. It is anticipated that the business will move to First Data’s merchant processing platform over a period of eight months. The financial terms of the contract were not disclosed.

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Fair Isaac Releases Debt Manager 6.0

Fair Isaac has released “Debt Manager 6.0,” an end-to-end collections and recovery software, now featuring daytime account processing through “Routers,” the system’s rule-based workflow engine. Debt Manager is a flexible workflow management platform capable of managing delinquent accounts at both the customer and account level. It addresses all phases of the debt lifecycle. Fair Isaac Corporation provides predictive modeling, decision analysis, intelligence management, decision management systems and consulting services.

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NEW VISA CARDS

Korea’s Woori Bank, Lotte Card and Korea Exchange Bank have become the
first in the world to issue the newly-branded VISA card. VISA first
announced the change in its brand identity in March and it is now being
implemented globally, with the first signage starting to appear in shop
windows, on the Internet, on mobile phones and at major sponsored events
worldwide. Under the changes, VISA relocated its dove hologram to the
back of the card. The dove hologram, which was adopted in 1984, is now
being integrated with the magnetic stripe. The “CVV2” code will be moved
off the signature panel. The “V” in VISA has been enhanced with a gold
color to highlight the VISA wordmark’s unique serif, the size of the
VISA logo has been increased, and the banners used as borders in the
current design have been eliminated. “Visa Electron” will share the same
new VISA identity on the card and at the point-of-sale but will be
identified by the word “Electron” below the VISA logo. In some European
areas, “V” will be used on its own with a different brand name, such as
“V PAY.” The worldwide transition to the new VISA brand identity will be
completed by 2010.

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