Transaction Systems Architects Profits Triple

Omaha-based Transaction Systems Architects reported revenues of $74.0 million for the quarter ending December 31st, an increase of 18.4% over the same quarter last year. Net income for the quarter was $10.0 million for the quarter, compared to $3.0 million one-year ago. Revenues were comprised of software license fees of $41.2 million, maintenance fees of $21.3 million, and services fees of $11.5 million. During the quarter, the Company added 15 new customers and brought its worldwide presence to 74 countries. The Company completed the quarter with $231.8 million in backlog, consisting of $166.2 million in recurring backlog and $65.6 million in non-recurring backlog. TSAI revised its revenue estimate for fiscal 2004 from a range of $266 million to $287 million to a range of $271 million to $287 million. For complete details on Transaction Systems Architects’ fourth calendar quarter results visit CardData (www.carddata.com).

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JCB to Pilot Finger Blood Vessel Pattern Payment Authentication in 2005

JCB has introduced the world’s first finger blood vessel pattern authentication system that combines payment authentication with access control. A pilot has been scheduled for next year at a new 156-unit condominium in Osaka. Access to both shared areas and individual condominiums will be controlled by the system. In addition,
purchases for food, dry cleaning, and other necessities made at the condominium service center can be made using the same authentication system, to be charged on the resident’s JCB credit card. The blood vessel pattern authentication system developed by Bionics Co. Blood vessel patterns are genetically determined, and unique to the individual. The new blood vessel pattern authentication, access control and services payment system will be offered by JCB, Bionics, Hochiki and Pliant Powers, who anticipate that it will be incorporated in 30 new complexes within the next three years.

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Hispanic Debit Card Infomercial in Production

Los Angeles-based Direct Response Financial Services says it will air a debit card infomercial on two major Spanish language television networks in March. The cards known as the La Vida Buena Card and the La Vida Buena Tarjeta will be featured in a short-form infomercial directed to Spanish language consumers. DCS has further arranged for its call center to be managed by a national Spanish language in-bound and out-bound call center. Direct Response Financial Services, Inc. makes it easier, faster and more secure for people and businesses to buy goods and services, using virtually any form of payment: credit, debit, smart card, stored-value card, electronic check at the POS, or over the Internet.

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PayStar Card Targets Hispanics in the Carolinas

CA-based PayStar says it has received 75 retailer applications for its stored value prepaid ATM cards from distributors in the North Carolina area that cater to the Hispanic population. Retail card sales of stored value products continue to be one of the focal points of the GLOBALCash prepaid ATM and prepaid MasterCard(R) card programs. This retail component complements the payroll, governmental and affinity stored value card initiatives of the company. PayStar Corporation ([www.paystar.com][1]) provides its distributors and clients with a suite of prepaid, stored value products.

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

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Chip Maker Emosyn Introduces UCM Technology

CT-based Emosyn, producers of the “Theseus Platinum” smart card chips incorporating “Dual-Key Triple-DES,” has introduced “User-Configurable Memory” technology that gives smart card software developers the flexibility to specify the memory space assigned for program code and for data storage. Emosyn includes Dual-Key Triple-DES in the Theseus(R) Platinum family, with independently confirmed differential and simple power analysis resistance techniques. Five products in the Theseus(R) Platinum product line are available today in high volume, with millions of units already serving smart card projects worldwide.

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Capital One Ratings Affirmed with a Stable Outlook

Fitch Ratings this week affirmed all outstanding ratings of Capital One and revised its “Rating Outlook” to “Stable” from “Negative” due to improved funding and liquidity. Approximately $22.4 billion of deposits and $7.0 billion of unsecured debt is affected by this action. A complete list of ratings is detailed at the end of this release. Rating concerns reflect the continued existence of the Memorandum of Understanding, competitive pressures in the U.S. consumer credit card market that has negatively affected margins, and ability to maintain credit quality within acceptable ranges. Capital One Financial Corp., based in McLean, VA, is a leading consumer financial services company and one of the largest issuers of general purpose credit cards in the U.S. COF is also active in auto finance and consumer installment lending.

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VISA and NFL Renew; Super Bowl Ad Scheduled

VISA USA announced Tuesday it has renewed its sponsorship contract with the National Football League for six more years. The nation’s largest payment card network also confirmed yesterday it will air a new 30-second commercial on this weekend’s NFL “Super Bowl XXXVIII,” promoting its “Olympic Games” sponsorship. Under terms of the NFL sponsorship agreement, VISA will continue to offer national pass-through rights to its members and merchants for use of the NFL shield logo, “Super Bowl,” “Pro Bowl,” and collective use of the 32 NFL team marks. The renewal agreement also gives VISA exclusive acceptance for the “Pro Bowl,” the “NFL Experience” and other future initiatives. Additionally, the agreement covers new marketing initiatives supported by the NFL, such as weekly usage promotions, “Pro Bowl Balloting” and Hispanic marketing and, VISA’s sponsorship of the NFL “Kickoff Live” event. In this weekend’s “Super Bowl XXXVIII” commercial, members of the U.S. women’s beach volleyball team are preparing for the upcoming summer games. However, these athletes are so eager to hit the beach in Athens, they are braving the frigid winter elements in typical beach volleyball attire. The ad, titled “Snowball” highlights two Olympic hopefuls and representatives of its “Gold Medal Athletes” program: Kerri Walsh and Misty May from the U.S. women’s beach volleyball team. The ad is part of VISA’s long-running “Visa. It’s Everywhere You Want To Be” series, and is produced by Moxie Pictures via BBDO New York. Since 1990, VISA has run two new commercials in the Super Bowl.

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Fiserv 4Q/03 Profits Rise 20% to $82MM

WI-based Fiserv reported processing and services revenues of $749.5 million for the fourth quarter, a 30% increase over 4Q/02. Fourth-quarter earnings hit $81.9 million, a 20% increase over the year-ago period. The Company closed 12 acquisitions last year, adding combined annualized revenues of more than $610 million. During the fourth quarter, Fiserv signed new contracts or expanded existing ones with Sovereign Bank, Northern Trust Company, Associated Mortgage Company, ND-based Community First Bankshares, Citizens Financial Services. The Company serves more than 15,000 clients worldwide. For complete details on Fiserv’s fourth quarter results visit CardData (www.carddata.com).

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February 26th is Concord Merger Vote Day

Concord EFS has set February 26th as the date for shareholders to vote on its amended merger agreement with First Data. The Securities and Exchange Commission has declared effective the amended registration statement filed by First Data Corporation containing a proxy statement/prospectus related to the proposed merger. Concord EFS, Inc., a vertically integrated electronic transaction processor, provides the technology and network systems that make payments and other financial transactions faster, more efficient, and more secure than paper-based alternatives.

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Debit Card’s 1995-2000 CAGR Exceeds 40%

NY-based publisher Packaged Facts has released a new report on the U.S. Debit Card market which found debit card’s average CAGR, between 1995 and 2000, was 42%, compared to 14.6% for overall electronic payments, and 9.5% for credit cards. In 2003, Americans made 10.47 billion transactions using their debit, or, “check cards.” Packaged Facts, a division of MarketResearch.com, produces research reports on a wide range of consumer industries, including information on domestic and global market trends and opportunities. MarketResearch.com is the leading provider of global market intelligence products and services.

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MBNA INTL 4Q/03

MBNA’s international credit card portfolio has grown 73% over the past twelve months to hit $20.8 billion. During the fourth quarter, MBNA added 620,000 new international accounts, and $1.6 billion in outstandings. In Europe, total managed loans reached $17.2 billion. Approximately 440,000 new accounts were added during the fourth quarter in Europe. MBNA added 95 new affinity card programs during 2003 in Europe, including 32 new endorsements in Spain. In Canada, total managed loans reached $3.6 billion. Approximately 180,000 new accounts were added during the fourth quarter in Canada. MBNA also added 79 new endorsements during 2003 in Canada. MBNA has approximately 1,400 total international affinity contracts in place.

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