Alliance Data Systems 3Q Profits Up 138%

Dallas-based Alliance Data Systems reported that net income for the third quarter increased 138% to $18.6 million, on revenues of $255.7 million, which were up 17% over 3Q/02. Transaction Services revenue increased 14% in the third quarter to $152.2 million. ADS says core client growth in its private label and utility services segments led to a more than 20% increase in the number of statements generated. Credit Services revenue increased 26% in 3Q/03 to $107.0 million. ADS reports that both private label credit sales and portfolio growth grew at double-digit rates as this year’s signings began to ramp-up. Marketing Services revenue increased 11% in the third quarter to $68.1 million. ADS projects 2003 annual revenue of at least $980 million and full-year 2004 revenue of $1.1 billion. For complete details on Alliance Data Systems’ 3Q/03 performance visit CardData ([www.carddata.com][1]).

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

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GO Software Releases RiTA v2.1

Savannah-based GO Software has released “version 2.1” of its “Rapid Transaction Authority” server, a highly scalable transaction switch that supports high volume, multi-threaded transaction processing. RiTA 2.1 is now certified to process transactions via First Data’s IPN, a managed network that lets merchants process transactions quickly, reliably and safely using their existing Internet connection. In addition to saving time and money, the Vital certification supports card verification codes and increases fraud protection for card-not-present merchants, and the Certegy certification offers merchants more options for check processing. GO Software is a leading provider of POS payment processing software. More than 85,000 businesses use GO Software’s solutions to process payments at high speed, expand tender types and lower credit card costs.

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National Processing 3Q Profits Up 13%

Louisville, KY-based National Processing reported third quarter revenue of $125.0 million, up 9% from one-year ago. Net income for the quarter was $14.3 million, a 13% increase over 3Q/02. Merchant Card Services processed 1.1 billion transactions for the quarter, an 11% increase. Gross dollar volume processed was $43.9 billion, up 5% over 3Q/02. NPC says the dollar volume processed has trailed transaction growth primarily as a result of the Company’s initiative to exit merchant processing for airlines, which have a large average ticket per transaction. NPC says its results for the year have been constrained by negative national merchant pricing trends, which was somewhat offset in the third quarter by favorable impacts of rate changes from the associations. The company also raised its full revenue guidance from a range of $435 to $455 million to $455 to $475 million. For complete details on National Processing’s 3Q/03 performance visit CardData ([www.carddata.com][1]).

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

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Regis Launches Four Hair Gift Cards

Minneapolis-based Regis Corporation, the largest owner, operator and franchisor of hair and retail product salons in the world, has launched a series of four gift cards. The “Regis Salon Gift Card” is available in-store or online in values of $25-$50. The “Trade Secret Gift Card” is available in values of $10-$50. The “Mia & Maxx Gift Card” is available in values of $25-$50. The “MasterCuts Gift Card” is available in values of $10-$25. Regis operates and franchises nearly 9,700 salons under brands such as: Supercuts, Jean Louis David, Vidal Sassoon, Regis Salons, MasterCuts, Trade Secret, SmartStyle and Cost Cutters.

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Credit Cards Key to Effective Business Expense Management

New research by Ontario-based Geac has quantified a set of “Best Practice” targets for customers which shows company credit card adoption at 76%. Geac surveyed organizations representing some 125,000 Geac expense management users with a combined monthly document volume of over 200,000 expense reports. The customer benchmarking program is the driving force behind a number of best practice service offerings from Geac, and is a key part of Geac’s commitment to improving its customers’ business performance. Geac is a global enterprise software company for Business Performance Management, providing customers worldwide with the core financial and operational solutions and services to improve their business performance in real time.

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American Express Australia’s Travel Advantage Uses Datalex

Dublin-based Datalex has inked a deal with American Express for its “Australia’s Travel Advantage” Web site that enables cardholders to book air travel online. Datalex’s solution enables American Express customers to access AmEx-only fares as well as standard airline fares. The combined fares display shows all available flights in the appropriate fare classes, and they can be compared and selected according to the traveler’s preference. The system also checks fare rules and only returns validated flight options for the available seats. Datalex’s “BookIt! FARES” is complemented by “BookIt!
MATRIX,” Datalex’s core integration platform for travel reservations systems supporting multiple customer and professional storefronts and connectivity to a
wide range of inventory. Other Datalex’s customers include Air Canada, Aer Lingus, Amtrak, Best Western, Delta, Disney Cruise Lines, Emirates Airline,
Singapore Airlines, SilkAir, South African Airways, and Thomas Cook.

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VISA International Government Services Conference Spotlights Five

The fifth annual “VISA International Government Services
Conference” got underway in Edinburgh this week with five technology
companies showcasing their solutions. The conference includes exhibits by
Arcot Systems; Information Security Systems & Services; Kabira
Technologies; nCircle Network Security; and Tripwire. For the first time,
the “VISA IGSC” is highlighting new solutions that governments and
commercial issuers can use to protect critical data assets as they
implement VISA payment and other e-government initiatives. In addition to
safeguarding procurement and employee travel payments, other key areas
include disbursements of payroll and employee benefits, retirement funds,
subsidies, scholarships, health benefits, and incentives and loans to small
businesses.

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Moneris Solutions and Intuit Canada Launch Turn-Key Solutions for Retailers

Moneris Solutions and Intuit Canada have partnered to produce the “QuickBooks Point-of-Sale Complete Solution.” The solution enables retailers to accept a variety of customer payment options including cash, VISA, MasterCard and INTERAC Direct Payment. The program also automatically records sales data and customer profiles and manages inventory in real-time. The “QuickBooks Point-of-Sale Complete Solution” includes: “QuickBooks” point-of-sale software; “QuickBooks” accounting software; bar code scanner, cash drawer, receipt printer and card reader/PIN pad; and, integrated debit and credit payment processing with Moneris.

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Royal Bank of Canada Does Major ABS Deal

The largest ever single issuance of credit card asset-backed notes into the Canadian term market has closed. Royal Bank of Canada has securitized CD$1 billion of credit card receivables via the Golden Credit Card Trust. The senior notes of CD$950 million carried a yield of 4.2% while the subordinated notes of CD$50 million carried a yield of 5.1%. Standard & Poor’s has rated the senior notes “AAA” and the subordinated notes “BBB.” The dealer syndicate for the senior and subordinated notes was led by RBC Dominion Securities.

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BPH PBK Signs Multi-Year ATM Outsourcing Services Contract

BPH PBK SA has signed a multi-year agreement for Euronet to provide end-to-end ATM outsourcing services. Euronet will provide comprehensive ATM operation management and switching services, transaction gateway routing, reporting, cash management, cash forecasting services and vendor management for the bank’s existing network of 717 ATMs, in addition to providing value-added services such as electronic recharge. BPH PBK began its cooperation with Euronet in December 2002 when it joined Euronet’s ATM network participation program, enabling the bank’s 2.8 million customers to use any of Euronet’s 450 ATMs throughout Poland free of charge. BPH PBK SA is owned by Bank Austria Creditanstalt AG, which is owned the second largest bank in Germany, HypoVereinsbank AG. The agreement with Bank BPH PBK SA represents the fourth agreement between Euronet and an HVB subsidiary in Europe.

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Providian Unloads GetSmart.com

Providian has decided to unload its “[GetSmart.com][1]” online financial services marketplace to NC-based LendingTree for an undisclosed amount. Providian purchased “GetSmart.com” in March 1999 for $33 million in cash. The company was founded in 1997 by a group of executives from Wells Fargo and ex-McKinsey partners from the Mitchell Madison Group. Former Wells Fargo executive Bill Fisher lead the group and served as CEO. Capital partners included Reuters, Goldman Sachs, Robertson Stephens and technology investor Roger McNamee. Upon closing of this acquisition, expected to occur in December, LendingTree will continue to maintain the relationships with the more than 100 lenders who participate on the GetSmart network, and also offer the GetSmart platform to the more than 200 lenders on the LendingTree exchange. (CF Library 2/19/99)

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

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