eFunds’ Q4 Profits Rise Nearly 12%

Arizona-based eFunds reported fourth quarter net income of $11.3 million, compared with net income of $10.1 million in the fourth quarter of 2003. Net revenue decreased $4.9 million to $130.5 million in the fourth quarter of 2004, compared to net revenue of $135.4 million reported in the fourth quarter of 2003. This decrease was principally due to the sale of the Company’s ATM portfolio in November. eFunds recorded net revenue of $552.1 million for the year, compared to net revenue of $532.1 million recorded in 2003. eFunds expects full-year net revenues for 2005 to increase approximately 8% to 12% on a combined organic and acquisitive basis over the $431 million baseline revenue achieved across eFunds’ three remaining segments — electronic payments, risk management and outsourcing — in 2004. The Company expects net income to increase 17% to 22% in 2005 over the net income of $40.8 million reported in 2004. For complete details on eFunds latest results, visit CardData ([www.carddata.com][1]).

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

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Vesdia Card Loyalty Program Adds Infone

Oregon-based Infone has signed an agreement with Vesdia Corporation to make Infone services available to members of Vesdia-managed credit card loyalty and reward programs. Metro One Telecommunications, Inc. is the leading developer and provider of Enhanced Directory Assistance and other enhanced telecom services. Infone is Metro One’s premium personal assistant telephone service.

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Parcxmart Smart Card Goes Live in San Jose

The Parcxmart smart card payment platform has gone live in stores in the Japantown section of San Jose, California, enabling merchants to load value onto these cards using VeriFone “Omni 3750” POS terminals for in-store purchases and to integrate for future use to make parking meter and garage payments. Parcxmart is an electronic payments company specializing in smart card payment solutions, with its initial focus on municipal parking operations and local merchant communities.

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Commercial Cards Drive U.S. Card Market

A new study has found that commercial cards have been a major driver of growth for the U.S. card market with double digit growth rates over the last decade. According to the Mercator report, commercial card volume reached $264 billion by the end of 2003. However, the market potential is still far from being tapped. According to VISA’s new “Commercial Consumption Expenditure” index, the U.S. commercial spending will reach $14.3 trillion this year. Mercator says barriers to increasing the use of commercial cards can be removed by delivering data-rich/process -aware solutions such as the American Express “Variance Report,” Bank of America “Payment Manager” and MasterCard “e-P3.”

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TransFirst Introduces a New Product Strategy

Dallas-based TransFirst has created a new product division to roll-out a new check processing services program, prepaid and stored-value cards, a fleet card program and an insurance eligibility program. The first product announcement will showcase TransFirst’s proprietary product, Transaction Central, a Web-based centralized payment-processing engine that delivers flexible, comprehensive and end-to-end processing solutions to merchants of all sizes. TransFirst is a provider of transaction processing services and payment enabling technologies and currently processes approximately $20 billion in annual sales volume for more than 160,000 merchants and more than 760 financial institutions.

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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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