EURONET 4Q/04

Euronet Worldwide reported that consolidated revenue for the
fourth quarter jumped 61% to $113.1 million, compared to one-year ago.
Net income for the year increased 56% to $18.4 million. The EFT Processing Segment reported annual revenues for 2004 of $77.6 million, up 47% over 2003. The EFT segment completed the year with 5,742 ATMs owned or operated, compared to 3,350 ATMs at the end of the 2003 and to 5,404 ATMs at the end of the third quarter 2004. The segment processed 232 million transactions for the full year 2004 and 73.4 million transactions in the fourth quarter 2004, compared to 115 million and 33.2 million transactions for the same periods last year, respectively.
The Prepaid Processing Segment reported annual revenues for 2004 of
$289.8 million, compared to $136.2 million reported for 2003. Total transactions processed by the Prepaid Processing Segment increased
to 65.8 million for the fourth quarter 2004 compared to third quarter
2004 transactions of 59.8 million and to fourth quarter 2003
transactions of 39.8 million. Total transactions processed during 2004
increased to 229 million, compared to 101 million for 2003. The Prepaid
Processing Segment processes electronic point-of-sale prepaid
transactions at more than 175,000 point-of-sale terminals across more
than 85,000 retailer locations in Europe, Asia Pacific and the U.S. For complete details on Euronet’s latest results visit CardData (www.carddata.com).

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Diebold Powers NCR ATMs in Iceland

Four Icelandic banks have partnered with Diebold. ATMs manufactured by NCR are now powered by Diebold terminal software at Iceland’s Landsbanki, Kauphthing Bank, Islandsbanki and the Savings Bank Datacenter. Previously, Icelandic banks operated in an NCR hardware and software environment. The solution was developed using Diebold’s “Agilis Power” software toolkit. Hugur, the software house that develops all Icelandic ATM applications, used “Agilis Power” to develop a custom application that will run on approximately 250 NCR terminals throughout the country. The addition of Agilis also enabled the banks to make their ATMs compliant with EuropayMasterCardVisa.

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Send Roses Gift Cards Lands on Cardavenue

New York-based Universal Cash Express has teamed with Cardavenue.com, an online “trading post”, to enable consumers to sell or trade its “Send Roses” gift cards for free. Cardavenue.com makes it possible for consumers to buy, sell or trade gift cards. Universal Express, Inc. owns and operates several subsidiaries, providing the private postal industry and consumers with value-added services and products.

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TSYS & HUNKEMOLLER

Hilversum-based, specialist retailer, Hunkemoller, has selected
TSYS to supply a retail gift-card program. The three-year agreement provides Hunkemoller with denominated gift cards that are available in amounts ranging from EUR 5 to EUR 25. The cards are available now in 130 stores in The Netherlands. The gift cards will be available in Hunkemoller’s stores in France, Germany and Belgium later this spring, with plans to include stores in Denmark later this year, for a total of 300 stores before year end. In the near future, Hunkemoller plans to integrate the gift-card program with its Web site, allowing the card to be purchased or reloaded and balances obtained online.

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Fiserv’s Information Technology Teams with Alogent

Wisconsin-based Fiserv’s Information Technology has signed a deal with Alogent to provide financial institutions with the ability to streamline payment processing by automatically capturing, validating and managing transactions. Alogent is a global financial services technology company providing payment processing. Alogent’s suite of Sierra solutions helps banks adapt to Check 21, check truncation and paper-to-electronic transformation. Information Technology, Inc. provides America’s bankers an extensive array of technology solutions and support services.

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ServiceMaster Launches a MC Fleet Card

Tennessee-based Comdata has launched ServiceMaster’s new “BusinessLink MasterCard Corporate Fleet Card” program. “BusinessLink” is a suite of business payment services including purchasing (fleet, fuel and T&E) as well as electronic employee pay and reimbursement. ServiceMaster business fleets include American Home Shield, American Mechanical Service, American Residential Services, Terminix, TruGreen ChemLawn, TruGreen Landcare, Merry Maids, ServiceMaster Clean and Furniture Medic.

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Canada’s Interac to Get Smart by 2007

Canada’s Interac has decided to migrate to chip technology for the delivery of “Interac Direct Payment,” the national debit card service and “Interac Shared Cash Dispensing Service” for cash withdrawals at ATMs. Plans call for the first chip transaction to take place in early 2007. Interac Association has been implementing a chip readiness strategy, focusing on the business and technical requirements necessary for chip migration, for the past three years. The complete migration to chip is expected to take several years. The Interac Association is a not-for-profit organization composed of 95 members.

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Peppercoin Inks a SunTrust Merchant Service Deal

Peppercoin has teamed with SunTrust Merchant Services to offer a comprehensive small payment processing system. Reino Parking Systems has deployed the Peppercoin/SunTrust solution to process credit card transactions for parking meters. Consumers are able to pay for parking with their credit cards or mobile phones and receive an SMS text message on their phone before parking expires. Peppercoin’s small payment products help merchants, banks and other payments companies build market adoption quickly through a flexible, consumer-friendly approach.

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Wal-Mart Discover Card Hits the Street

The first Discover card issued by an outside firm was officially launched today with the release of the “Wal-Mart Discover” card. The new card features three cents a gallon off gasoline at more than 700 Wal-Mart stores, and up to 1% cash back on purchases. The no annual fee card also features a variable interest rate as low as 9.87%. The card is issued by GE Consumer Finance under a private label card contract that runs through 2009. Separate from its partnership with GECF, Wal-Mart has rolled out basic money services at low-ball prices. These basic services include paycheck cashing for $3, money orders for 46 cents, and money transfers to Mexico for under $10. In addition, independent financial institutions are providing retail banking services to Wal-Mart customers in branches in nearly 1,000 stores.

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GE Money MasterCard Goes Down Under

GE Money is set to launch a new MasterCard next week in Australia offering a six-month 0% interest rate on balance transfers. The new “GE Money Low Rate MasterCard” will carry an interest rate of 10.99% on purchases and an annual fee of $58. GE indicated it plans to spend between $3 million and $5 million on the first leg of a television, radio, billboard and print advertising campaign. GE also plans to drop 1 million direct mail pieces for the card. The card will be launched on March 1st. GE Money is currently Australia’s 6th largest lender, after acquiring five financial firms over the past nine years.

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Seahawks and Ravens to Kick-Off PayPass

MasterCard has teamed with MBNA, the Seattle Seahawks and Baltimore Ravens Football Clubs to integrate its “PayPass” contactless payment technology into the Seahawks and Ravens “Extra Points” credit card programs. Both Qwest Field and M&T Bank Stadium will accept MasterCard PayPass cards at the point-of-sale, beginning with the 2005 football season. Last year, the Philadelphia Eagles launched a similar implementation of “PayPass” acceptance at its stadium. MasterCard is continuing to explore further deployments of “PayPass” at sports arenas throughout 2005, providing sports teams and merchants with the opportunity to offer new payment and reward applications and increase customer loyalty.

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