US Dataworks’ Fourth Quarter Revenue Rises 25%

Houston-based US Dataworks reported fourth calendar quarter revenues of $518,000 compared with revenues of $416,000 for the same period a year ago. US Dataworks is a developer of payment processing solutions, focused on the Financial Services market, Federal, State and local governments, billers and retailers. Software developed by US Dataworks is designed to enable organizations to transition from traditional paper-based payment and billing processes to electronic solutions that automate end-to-end processes for accepting and clearing checks.

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Fiserv Signs 12-Year Cheque Processing Deal

Commonwealth Bank of Australia, National Australia Bank, and Westpac Banking have signed a 12-year deal for Fiserv to provide “Day One” cheque processing and image archive services. The three banks will manage the relationship with Fiserv through a utility called Vipro Pty Ltd. Fiserv expects to begin managing operations in six Australian cities in the second quarter for Commonwealth and National, and will begin processing for Westpac in the second half of 2005 as Fiserv consolidates into common operating centers and a common technology platform in each Australian state. The three banks currently process approximately 800 million prime pass items a year. Based on estimated volumes, the agreement will generate projected revenue of US$460 million for Fiserv.

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Electracash Launches Two eCheck Fraud Fighters

CA-based Electracash has launched “User Authentication” and “Age Verification” to reduce fraud associated with accepting checks on the Internet. Both services are private and non-intrusive, enacted when a buyer chooses to use their checking account over the Internet to pay bills or make purchases. The services employ birth date and partial Social Security number data, validated in real-time along with other personal information required at online storefronts. Electracash, Inc. is a leading provider of Internet payment processing services, offering businesses the ability to accept eChecks and make Direct Deposits in the US and Canada, and to initiate wire transfers around the globe, for both business and consumer transactions.

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MasterCard Takes Grocery Icons to Dinner

MasterCard has assembled an all-star cast of 10 iconic characters from leading grocery brands to promote its “Debit MasterCard” this weekend. The 30-second spot, which airs in the fourth quarter of “Super Bowl XXXIX,” will show 10 characters seated at a dinner table passing various dishes to each other, having a “Priceless” family dinner. Included in the commercial are: “Count Chocula,” “Chef Boyardee,” “Mr. Peanut,”, the “Pillsbury Doughboy,” “Charlie the Tuna,”, the “Jolly Green Giant,” the “Morton Salt Girl,” “Mr. Clean,”, “Gorton’s Fisherman,” and, the “Vlasic Stork.” The spot was produced by McCann-Erickson/New York. Last year, MasterCard aired a spot featuring characters from TV’s “The Simpsons” during “Super Bowl XXXVIII.” (CF Library 1-30-04)

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Northwest Airlines Offers an AirPlus Account

Northwest Airlines has launched an “AirPlus Company Account” providing corporate travel managers with a central payment tool for air travel, individual corporate credit cards for travelers, and access to aggregated data through Internet-based travel expense reporting and electronic invoicing. The Northwest Airlines AirPlus Company Account will be accepted as a form of payment at travel agencies, the airline’s nwa.com Web site, Northwest Airlines reservations and merchants that accept the Universal Air Travel Plan (UATP) charge card. The program will be available to the airline’s corporate customers through the Northwest Airlines sales team. Northwest Airlines is the world’s fourth largest airline with hubs at Detroit, Minneapolis/St. Paul, Memphis, Tokyo, and Amsterdam, and approximately 1,500 daily departures.

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MASTERCARD 4Q/04

For the first time, MasterCard International has topped $400 billion in gross dollar volume and four billion purchase transactions in a single quarter. The world’s second largest payment card network, by GDV, also neared the $1.5 trillion gross volume and 15 billion purchase transactions milestones for a full-year. MasterCard posted $401.2 billion in worldwide gross dollar volume in 4Q/04, a 12.5% increase over 4Q/03. Purchase transactions for the fourth quarter hit 4.034 billion compared to 3.597 billion one-year ago. For the full year of 2004, MasterCard GDV was $1.455 trillion, a 10.6% gain over 2003. Purchase transactions for the year totaled 14.715 billion compared to 13.202 billion for the prior year. Globally, MasterCard has 679.5 million cards-in-force linked to 576.0 million accounts. The number of acceptance locations worldwide at year-end 2004 was 24.6 million compared to 21.9 million one-year ago. For complete details on MasterCard’s fourth quarter results visit CardData (www.carddata.com).

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Hypercom to Restate 2004 Due to UK Leases

Hypercom announced this morning it will restate its financial results for the first three quarters of last year due to a lease accounting issue with its U.K. subsidiary. Approximately 3,200 leases, originated by Hypercom EMEA, were incorrectly accounted for as sales-type leases, resulting in an overstatement of net revenue for the first three quarters of 2004. Hypercom estimates that net revenue for the first nine months of 2004 will decrease by up to $4.0 million, and that the operating profit for the same period will decrease by approximately 65 to 75% of the amount of the net revenue reduction. The Company says it is devoting appropriate resources to reviewing its internal controls surrounding accounting for lease contracts and related contract review policies and procedures to prevent this type of accounting error from occurring in the future.

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Barclays and Swedbank Team for Nordic Cards

Swedbank and Barclays have inked a partnership to issue cards in the Nordic market, according to CardFlash International. The joint venture will tap into a market that has a 10 million card and $5.7 billion outstandings potential. The current credit card market in Sweden and Norway is estimated at two to three million cards. The JV will consist of Swedbank’s Swedish credit cards operations and its subsidiary EnterCard in Norway. It will be jointly owned by Swedbank and Barclays, with Swedbank retaining a 60% share of the votes and Barclays 40%. The JV will be headquartered in Stockholm, Sweden. Sales will be handled by Swedbank’s distribution network in Sweden while EnterCard will serve Norwegian customers. Under terms of the deal, Swedbank will sell its 500,000 account credit card operation to the new JV for approximately $142.7 million.

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VISA Enlists Super Heroes for the Super Bowl

VISA has turned to Marvel’s “Super Heroes” to help communicate the security benefits of the “VISA Check Card.” During the first half of this weekend’s “Super Bowl XXXIX,” VISA will show “Spider-Man,” “Captain America,” “Wolverine,” “Storm,” and “Thor,” plus a surprise guest, come to the rescue of a woman who lost her “VISA Check Card.” The TV spot was created by BBDO NY. VISA has been a “Super Bowl” advertiser since 1994, producing a total of 15 “Super Bowl” commercials. Last year, VISA promoted its “Olympic Games” sponsorship. Marvel Enterprises has a library of over 5,000 proprietary characters. Although VISA does not disclose the cost to air the spot, the going rate this year is $2.4 million for a 30-second spot, compared to $2.3 million last year. In 2004, there were nearly 90 million viewers of “Super Bowl XXXVIII.” (CF Library 1-28-04)

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NEXCOM Deploys NCR’s RealPOS 80 System

The Navy Exchange Service Command is installing NCR’s “RealPOS 80” terminals, peripherals, and bar-code scanners in its 113 Navy Exchange stores in the U.S., Europe and the Pacific. The terminal features a sleek, contemporary exterior and incorporates a power and cable management system that connects multiple peripherals in a neat and orderly way, maximizing valuable counter space. NEXCOM’s mission is to provide authorized customers quality goods and services at a savings and to support quality-of-life programs for active duty military, retirees, reservists and their families. NCR Corporation (NYSE:NCR) is a leading global technology company helping businesses build stronger relationships with their customers.

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