Paymentech Provides Phoenix Utility Card Options

Salt River Project Agricultural Improvement and Power District in Phoenix has selected Paymentech to provide payment processing via credit cards for 780,000 residential Phoenix-area customers. SRP customers can initiate recurring credit card payments. Salt River Project will also use Paymentech’s advanced merchant account setup, funding options and reporting tools through Paymentech Online. The Salt River Project provides electricity to more than 860,000 retail customers in the Phoenix area. Paymentech, L.P. is one of the largest payment processors for businesses accepting payments via traditional point of sale, Internet, catalog and recurring billing.

Details

Gemplus Smart Payment Card Shipments Up 30% in Q2

Smart card specialist Gemplus reported that second quarter net sales were up 12% to $285.8 million and that gross profits rose nearly 18% to $96.8 million. The Company said it achieved its highest gross margin in four years and its ninth consecutive quarter of continuous strong progress during the quarter. In the financial services sector, Gemplus posted a 12% gain in sales to $60.8 million. In total, Gemplus shipped 16.8 million smart payment cards, up 30% year-on-year. Payment microprocessor card revenue rose 31% year-on-year. Bank cards continued to grow very strongly, driven by broad activity in EMV deployment across all regions, particularly in the UK and Turkey. The second quarter saw the first EMV shipments by Gemplus to the Netherlands, Italy and Japan. For complete details on Gemplus’ second quarter performance as well as prior quarters, visit CardData ([www.carddata.com][1]).

Gemplus Gross Sales Track Record
2Q/04: $254.7 million
3Q/04: $259.7 million
4Q/04: $293.4 million
1Q/05: $238.7 million
2Q/05: $285.8 million
Source: CardData (www.carddata.com)

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

Details

BBA Reports Card Lending Hits GBP 7.5 Billion

The British Bankers’ Association reports that new borrowing on credit
cards totaled GBP 7.468 million in June. This was very similar to the
previous month as were repayments, but the seasonally adjusted rise in
net lending of GBP 295 million was for the first time since
January above the recent average. The BBA says if June’s higher credit
card lending was a reflection of consumer spending, then it was offset by
very low demand for loans and overdrafts. Consumers ability to switch
easily between credit options means that components fluctuate, as in
June, but the overall picture is one of subdued unsecured lending.

Details

Trintech Releases Next-Gen Reconciliation Software

Trintech Group has released the latest version of its flagship
reconciliation and account balancing application. “ReconNET ES”
incorporates major advances in technology that are designed to benefit
large multi-national enterprises, including high-volume processing power,
significantly strengthened security controls and support for multiple
languages through internationalization. “ReconNET ES” also includes
transaction archival capabilities and improved reporting
functionalities, which further reinforce its regulatory compliance
capabilities. Some of the new features include high volume processing
power for advanced exception management and resolution; multiple
language support through internationalization; improved and
multi-lingual, multi-country reporting through “Crystal Reports XI”; and
transaction archival, which enables the movement of data from the
production system into an archive system with a comprehensive audit trail.

Details

AXALTO 2Q/05

Axalto posted a 15% gain in second quarter revenue, to $260.9 million.
The Cards segment revenue amounted to $243.1 million, a 16% increase
over 2Q/04. During the period, Axalto delivered more than 110 million
microprocessor cards, an increase of 36%, compared to 2Q/04. In
financial cards, Axalto’s revenue rose 14% year-over-year to $54.6
million, following a 10% decline in the prior quarter. Axalto says the
volumes of microprocessor cards delivered in 2Q/05 posted a steep rise
of 17%, with over 20 million cards sold, while the average selling price
of microprocessor cards for banking was essentially stable, up 2%.
Revenue in the point-of-sale terminals segment advanced by 6%, to $17.7
million. For complete details on Axalto’s second quarter performance,
visit CardData (www.carddata.com).

Details

Transaction Systems Architects Up 8% in Q2

Transaction Systems Architects reported that second calendar quarter revenue increased 8% to $78 million but net income declined from $18.7 million for 2Q/04 to less than $10 million for 2Q/05. During the quarter, the Company signed ten new customers including six for ACI Worldwide. The Americas’ revenues for 2Q/05 were $42.5 million, as compared to $40.2 million for the year-ago quarter. The Americas’ revenues consisted of U.S. revenues of $31.6 million, as compared to $30.1 million for the same period last year. The Company is currently in the process of acquiring S2 Systems. TSAI raised its revenue estimate for fiscal 2005 from a range of $296 million to $312 million to a range of $306 million to $314 million. The Company’s payment solutions are used in more than 1,755 product systems in 79 countries on six continents. For complete details on TSAI’s latest performance, visit CardData ([www.carddata.com][1]). (CF Library 6/30/05)

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

Details

TNS Q2 Revenues Up 7% but POS Sales Decline 22%

VA-based TNS posted record revenue for the second quarter of $65.4 million, a 7.2% increase from second quarter 2004. Revenue from the Financial Services Division increased 25.5% to $7.7 million. However, revenue from the POS Division decreased 22.6% to $22.1 million on 1.48 billion transactions due to lower transaction volumes and to a lesser extent, anticipated declines in revenues as a result of negotiated price reductions relating to the renewal of certain contracts. During the quarter, TNS signed a three-year contract with First Data Iberica, First Data’s subsidiary for Spain and Portugal, to act as sole provider of dial-up connectivity in Spain and also with Town and Country Food Stores and Royal Farms to provide data communications to more than 250 of their convenience stores through FusionPoint by TNS. The Company projects total third quarter revenue of $68.5 to $69.5 million. For complete details on TNS’ second quarter performance, visit CardData ([www.carddata.com][1]).

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

Details

Bank One (Chase) Deploys ATMs in AZ Walgreens

Bank One Arizona has deployed 220 ATMs in every available Walgreens drug store in the state to bring total ATMs in Arizona to 607. Currently Bank One has 387 ATMs, including 86 in high-traffic areas like Bank One Ballpark, Phoenix Sky Harbor Airport and QuikTrip convenience stores. Late this year, Bank One branches and ATMs will be renamed Chase, the result of a 2004 merger with JPMorgan Chase & Co. a global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. Walgreen Co. is the nation’s largest drugstore chain with fiscal 2004 sales of $37.5 billion, operating 4,834 stores in 45 states and Puerto Rico.

Details

Bankruptcy Filings Rise 14% During June to 146K

Personal bankruptcy petitions in June rose nearly 14% over year-ago levels and increased significantly from the prior month. The number of filings increased by more than 3,000 last month, compared to a decline of nearly 9,000 filings between May and June of 2004. It is expected that bankruptcy filings will continue to outpace past years as the clock ticks towards the October 17th effective date of the new bankruptcy laws. Nearly 146,000 filings were made during June, compared to 127,742 for June 2004. This is the fourth month in a row that filings have moved up sharply after a steady two-year decline. Bankruptcy filings declined about 4% for the full-year of 2004. In January, filings dropped 13% and during February filings dived by 17% year-over-year. In the first six months of this year, there have been 827,612 personal bankruptcy filings.

Monthly Filings Historical
Jun 04: 127,742
Jul 04: 133,390
Aug 04: 125,783
Sep 04: 127,664
Oct 04: 133,404
Nov 04: 116,952
Dec 04: 113,957
Jan 05: 99,705
Feb 05: 103,457
Mar 05: 165,459
Apr 05: 170,130
May 05: 142,915
Jun 05: 145,946
Source: CardData (www.carddata.com)

Details

Preventsys Offers Out-of-the-Box PCI Compliance

Carlsbad, California-based Preventsys, has released its “Enterprise Security Management PolicyLab” system which supports “Payment Card Industry” data standards. Organizations using ESM will now be able to track, remediate and report PCI data security compliance. PCI data standards seek to tighten security measures surrounding credit card transactions and include 12 security requirements including encryption of cardholder data, network scans, logical and physical access controls and activity monitoring and logging. The Preventsys Enterprise Security Management System automates risk and compliance reporting for Fortune 1000 companies and large government agencies.

Details

Checkgateway Offers Strong Reseller Incentives

Phoenix-based Checkgateway is now offering resellers a 60/40 split above the buy rate for the life of the contract for new merchants through September 30th, instead of the usual 50/50 split above the buy rate. Checkgateway offers ACH processing, credit card processing, recurring billing solutions, FraudChek weighted scoring system, ChekNow, which converts paper check to an electronic check at the point of sale and a 24/7 merchant center. Checkgateway provides Automated Clearing House (ACH) payment processing.

Details