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Member News
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Global Payments Reports Earnings |
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Global Payments Inc. today announced results for its fourth quarter and
fiscal year ended May 31, 2007. For the fourth quarter, revenue grew
17 percent to $280.1 million compared to $238.8 million in the prior
year. Excluding the impact of current period restructuring and other
charges and stock option expense, diluted earnings per share grew 10
percent to $0.45 compared to $0.41 in the prior year quarter.
For the 2007 fiscal year, revenue grew 17 percent to $1,061.5 million
compared to $908.1 million in the prior year period. Excluding the
impact of stock option expense in the current period and restructuring
and other charges in both periods, diluted earnings per share grew 21
percent to $1.87 from $1.54 in the prior year period.
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TriSource Solutions Signs Agreement WITH Ganite Payment Alliance |
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TriSource Solutions is pleased to announce the signing of a long-term
processing agreement with Granite Payment Alliance. Under the
agreement, Granite
will utilize TriSource’s recently acquired Nobel Electronic Transfer
processing platform.
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CentralBANCARD Acquires Processor Nobel Electronic Transfer |
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CentralBANCARD owners and operators Bill Brockway and Henry Harp have announced that a definitive agreement has been reached to acquire back-end processor Nobel Electronic
Transfer, LLC. Nobel is a registered
Third Party Processor and Association settlement end point. “Nobel and
CentralBANCARD will become divisions of TriSource Solutions, LLC. In 2006, the combined entities processed more
than 35 million transactions,” notes Brockway.
Industry veteran Tom Dunn will join the combined companies to serve as
President. “We are extremely pleased that Tom has joined Bill and me in this
venture. He brings a wealth of
experience and knowledge, and has a sterling reputation,” says Harp.
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First Data Earns Processing Contract Renewal with PSCU Financial Services |
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OMAHA, Neb. & ST. PETERSBURG, Fla.--(BUSINESS WIRE)--First Data Corp. (NYSE: FDC), a global leader in electronic commerce and payments, has signed a long-term contract extension with PSCU Financial Services, the nation’s largest credit union service organization (CUSO). PSCU Financial Services has more than 500 member-owner credit unions that represent over 11 million debit and credit cardholder accounts.
Under the agreement, First Data will provide an extensive suite of credit and debit products to PSCU Financial Services and its member-owners, including debit and credit processing, ATM driving, fraud prevention services, plastics and statement production, data analytics and PIN-secured debit access via the STAR Network. First Data has provided credit and debit card processing for PSCU since 1989.
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Hypercom Partners with Venture Corp. |
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Venture Corporation Limited has
entered into a manufacturing services arrangement with Hypercom
Manufacturing Resources, Inc to jointly manufacture secure electronic
payment transaction products, leveraging Hypercom's high security
transaction technology and Venture's technology and capabilities in
total value chain management in the electronics sector.
"The heightened requirements of financial organizations and merchants
for reliability, flexibility and security augurs well for secure
transaction solution providers and Venture is keenly focused on driving
greater confidence in the applications of such software, products and
solutions with its new partner, Hypercom," said a Venture Corp. source.
The Venture-Hypercom business alliance anticipates, over time, coverage
of the entire value chain - from production and testing to order
fulfilment, enabling productive and efficient end-to-end management of
the value chain, commencing with Hypercom's manufacturing operations in
Shenzhen , China .
As manufacturer and supplier to Hypercom for certain products under the
Arrangement, Venture will, at the onset, also provide value chain
management services to Hypercom.
Commenting on the Venture-Hypercom's Arrangement, Mr Wong Ngit Liong,
Chairman and Chief Executive Officer of Venture, said, "We are very
pleased to enter into this new partnership with Hypercom. Through this
collaborative business model, Venture will work very closely with
Hypercom to add value to its transaction technology, jointly creating a
suite of financial transaction solutions beyond traditional
applications."
"This new line of business will augment Venture's existing Retail Store
Solutions and related electronic point-of-sale (POS) business. As a key
partner of several reputable brands for POS products for the
hospitality sector, the Group's venture into electronic payment
terminals, PIN pads and systems enable it to provide a more complete
line of transaction devices, bringing Venture another step forward in
its goal of creating an entire eco-system of transaction products and
solutions.
"The new partnership is expected to contribute positively to the Group's revenue." |
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