U.S. Wireless Data reported an 83% increase in third quarter service revenue, with an overall 8% total revenue rise, and a 45% reduction in operating expenses compared to the same quarter last year. Net cash used in operating activities declined by 73% and the net loss declined by 61% compared to the same quarter last year. Revenue for the three months ended September 30th was $783,000, as compared to $722,000 for the same period in the prior year. Service revenue was derived primarily from the growing base of active sites that use the company’s proprietary Synapse service to process transactions. Net loss for the quarter totaled $1.76 million, compared to a net loss of $4.56 million for the corresponding quarter of the prior fiscal year. Wireless transactions processed for the third quarter were approximately 1,741,000, an increase of over 746,000, or 75%, from last year’s quarter. For complete details on USWD’s third quarter performance visit CardData ([www.carddata.com]).