VeriFone's H5000 Hybrid Offers NFC Acceptance

October 26, 2011 08:00 AM Eastern Daylight Time 

VeriFone Announces H5000 Hybrid Countertop Payment Solution with Integrated Card and NFC Acceptance

Successor to Hypercom Artema Hybrid Features Color Screen and Graphical User Interface

SAN JOSE, Calif. & BAD HERSFELD, Germany--(BUSINESS WIRE)--VeriFone Systems, Inc., (NYSE: PAY) today introduced the H5000, a countertop payment solution that accommodates multiple payment types, including legacy magnetic stripe, EMV chip as well as contactless transaction with a single hybrid card slot and integrated NFC/contactless reader.

“The system delivers the fastest transaction time in the German market, accelerating the check out process in multiple environments, including multi-lane configuration, as a stand-alone device or connected to a cash register system.”

As successor to the Hypercom Artema Hybrid -- the most successful payment solution in the German market -- the H5000 represents the first major enhancement of a Hypercom system since VeriFone completed its acquisition of that company August 4, 2011. The all-in-one solution incorporates PIN pad and an optional printer and features a color screen and graphical user interface for fast and easy use as well as value-added-services.

“The H5000 takes integrated payment capabilities to a whole new level and builds on the success of the Artema Hybrid, which has hundreds of thousands of installations in the German market alone,” said Adam Biedrzycki, VeriFone vice president, Central Europe. “The system delivers the fastest transaction time in the German market, accelerating the check out process in multiple environments, including multi-lane configuration, as a stand-alone device or connected to a cash register system.”

The H5000 is offered as a stand-alone-version or together with VeriFone's PAYware TCS central management system. This software enables Network Service Providers (NSPs) and retailers better control over their payment device estate as well as reduced operating costs. Furthermore, PAYware TCS makes it easier to adapt to future innovative payment and NFC-based value added services, as well as to expand into new international markets.

The icon-based intuitive user interface and touch screen makes the H5000 easy for customers to use and highly suited to on-screen advertising opportunities at the point of service. The system utilized a powerful 32-bit ARM11 400MHz processor and the Linux operating system, enabling developers to create value-added applications for new and existing merchants quickly.

Early availability is scheduled for the first calendar quarter of 2012, with general availability expected in the second quarter.

Additional Resources:
http://www.verifone.com/h5000

Boingo(es) with PayPal

October 25, 2011 09:17 AM Eastern Daylight Time 

Boingo Wireless Now Accepts PayPal for Wi-Fi Plans

Simplifies Mobile Device Signup and Supports More International Customers

LOS ANGELES--(BUSINESS WIRE)--Boingo Wireless, Inc. (NASDAQ: WIFI), the Wi-Fi industry’s leading provider of software and services worldwide, announced today that it now accepts PayPal for purchase of its various Wi-Fi access service plans. The addition of PayPal enables an express lane for customers in hotspots who want to get online quickly without entering account information.

“As Boingo continues to expand into new markets outside the US, we also needed more payment options since credit cards aren’t as universally held in many parts of the world.”

“Adding PayPal provides a quick and easy way for customers to sign up for service, especially on mobile devices with limited screen space,” said Dawn Callahan, vice president of consumer marketing for Boingo Wireless. “As Boingo continues to expand into new markets outside the US, we also needed more payment options since credit cards aren’t as universally held in many parts of the world.”

The payment option has been integrated into the company’s signup tools, such that users can choose PayPal’s service or enter their own American Express, Discover, Mastercard or VISA credit card. In addition to credit cards and PayPal, Boingo has previously enabled Wi-Fi purchases using a customer’s existing iTunes account with its Boingo Wi-Fi Credits app available through the iTunes App Store.

About Boingo Wireless

Boingo Wireless, Inc. (NASDAQ: WIFI), the world’s leading Wi-Fi software and services provider, makes it easy, convenient and cost-effective for people to enjoy Wi-Fi access on their laptop or mobile device at more than 400,000 hotspots worldwide. With a single account, Boingo users can access the mobile Internet via Boingo Network locations that include the top airports around the world, major hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. Boingo and its Concourse Communications Group subsidiary operate wired and wireless networks at large-scale venues worldwide such as airports, major sporting arenas, malls, and convention centers, as well as quick serve restaurants. For more information about Boingo, please visithttp://www.boingo.com.

Chase Paymentech: Launch of SafetechSM Encryption in Canada Delivers New Option for Improving Data Security Risk

October 26, 2011 09:00 AM Eastern Daylight Time 

Chase Paymentech Helps Protect Merchants and Consumers from Payment Card Fraud and Data Theft

TORONTO--(BUSINESS WIRE)--Chase Paymentech, a leading merchant acquirer and payment processor, today announced the launch of its Safetech^SM Encryption in Canada, a solution to help protect merchants and consumers from payment card fraud and data theft. Available to Chase Paymentech Canada point-of-sale (POS) retail customers, Safetech Encryption is breakthrough technology designed to secure cardholder data for card-present transactions.

“Data security is a great concern for retailers. Safetech Encryption will ultimately help protect merchants and their customers from the increasing risks associated with global fraud and data breaches at the point of sale,” said Sam Jawad, president, Chase Paymentech Canada. “Our ultimate vision is to protect every single transaction originating from Chase Paymentech point-of-sale devices.”Safetech Encryption is designed to eliminate the processing, transmission and storage of unprotected payment card account information on retailers’ systems. The customer’s card data is encrypted and formatted so that the retailer’s POS systems process the transaction in typical fashion, but the card data is rendered useless to any other person or system that obtains it. The encrypted data is then transmitted to Chase Paymentech, where it is decrypted and processed through the payment brand networks, such as MasterCard® or Visa®.

Safetech Encryption is designed to prevent vulnerable card data from being stored within the retailer’s network, thus if a breach does occur, encrypted payment data is of no use to identity thieves. Safetech Encryption secures all types of payment transactions, including swiped, chip read, contactless and manually keyed transactions. The solution can provide significant reduction to Payment Card Industry (PCI) compliance requirements as the retailer no longer has a need to store unprotected cardholder data in their point-of-sale system or within their networks.

Safetech Encryption has been available in the United States since January and was launched in partnership with VeriFone Systems, Inc. a global leader in secure electronic payment solutions.

“Chase Paymentech is wise to bring this much needed solutions to their merchants,” said Carol Coye Benson, managing partner at Glenbrook Partners. “We now live in a world where managing risks associated with payment fraud and data security is part of the daily routine for merchants everywhere. By closely integrating encryption tools with the payment processing work streams, the Safetech approach makes the process more efficient.”

About Chase Paymentech

Chase Paymentech, a subsidiary of JPMorgan Chase (JPMC), is a leading provider of payment processing and merchant acquiring. The company’s proprietary platforms enable integrated solutions for all payment types, including credit, debit, prepaid stored value and electronic check processing; as well as digital, alternative and mobile payment options. Chase Paymentech has uniquely combined proven payment technology with a long legacy of merchant advocacy that creates quantifiable value for companies large and small. In 2010, Chase Paymentech processed more than 20.5 billion transactions with a value exceeding $469.3 billion, including an estimated half of all global Internet transactions. In addition to the ability to authorize transactions in more than 130 currencies, the company provides business analytics and information services, fraud detection and data security solutions. In Canada, Chase Paymentech Solutions is headquartered in Toronto, Ontario. For more information about Chase Paymentech, please visit www.chasepaymentech.ca.

Heartland: $11.7 Million Saved on Signature Debit Reductions in Less than a Month

October 26, 2011 08:05 AM Eastern Daylight Time 

Merchants Receive More Than $10 Million in Durbin Dollar Savings from Heartland Payment Systems

Heartland releases latest data about Durbin Amendment’s actual effects on business owners

PRINCETON, N.J.--(BUSINESS WIRE)--$11,720,068 in signature debit interchange reductions have been deposited into merchant bank accounts by Heartland Payment Systems^® (NYSE: HPY), one of the nation’s largest payments processors. Of these Durbin Dollars, restaurant merchants received $4,042,859 and lodging merchants received $513,852.

“Reaching this merchant savings milestone in less than one month reinforces the fact that the financial benefits of the Durbin ‘swipe fee’ reform are tangible and significant for business owners”

“Reaching this merchant savings milestone in less than one month reinforces the fact that the financial benefits of the Durbin ‘swipe fee’ reform are tangible and significant for business owners,” said Bob Baldwin, Heartland’s president. “Merchants need to be 100 percent sure they are getting their piece of the Durbin Dollars pie or they could miss out, in many cases, on thousands of dollars annually.”

Based on data collected between October 1, 2011 and October 23, 2011 across Heartland’s portfolio of 250,000 merchant locations, Heartland has found:

• 64% of its signature debit sales volume qualified as regulated
• On average, there is a savings of $0.20 per transaction for regulated (vs. non-regulated)
  • The average signature debit non-regulated interchange fee per transaction is $0.43
  • The average signature debit regulated interchange fee per transaction is $0.23
• On average, there is a savings of 74 basis points for regulated (vs. non-regulated)
  • The average signature debit non-regulated effective rate is 1.56%
  • The average signature debit regulated effective rate is 0.82%

Euronet Worldwide Reports Third Quarter 2011 Financial Results

Image via CrunchBase

October 25, 2011 08:57 PM Eastern Daylight Time 

LEAWOOD, Kan.--(BUSINESS WIRE)--Euronet Worldwide, Inc. (“Euronet” or the “Company”) (NASDAQ: EEFT), a leading electronic payments provider, reports third quarter 2011 financial results.

“After adjusting for the German ATM rate change announced in the first quarter, revenues and adjusted EBITDA would have grown in all segments when compared to the third quarter 2010. This growth trend is the direct result of our focus on distributing more products in more markets.”

Euronet reports the following consolidated results for the third quarter 2011:

• Revenues of $299.5 million, a 15% increase from $260.2 million for the third quarter 2010 (7% increase on a constant currency⁽¹⁾ basis).
• Operating income of $20.1 million, a 1% decrease from $20.3 million for the third quarter 2010 (11% decrease on a constant currency basis).
• Adjusted EBITDA⁽²⁾ of $37.6 million, a 2% increase from $36.9 million for the third quarter 2010 (6% decrease on a constant currency basis).
• Net loss attributable to Euronet of $3.2 million or $0.06 diluted loss per share, compared to income of $21.0 million or $0.41 diluted earnings per share, for the third quarter 2010.
• Adjusted cash earnings per share⁽³⁾ of $0.37, compared to $0.34 for the third quarter 2010.
• Transactions of 524 million, compared to 431 million for the third quarter 2010.

See the reconciliation of non-GAAP items in the attached financial schedules.

"We are pleased with the trend of increasing sequential cash EPS from $0.30 in the first quarter to $0.35 in the second quarter and now to $0.37 in the third quarter," said Euronet's Chairman and Chief Executive Officer, Michael J. Brown. "After adjusting for the German ATM rate change announced in the first quarter, revenues and adjusted EBITDA would have grown in all segments when compared to the third quarter 2010. This growth trend is the direct result of our focus on distributing more products in more markets."

Segment and Other Results

The EFT Processing Segment reports the following results for the third quarter 2011:

• Revenues of $50.2 million, a 2% increase from $49.1 million for the third quarter 2010 (3% decrease on a constant currency basis).
• Operating income of $9.0 million, a 14% decrease from $10.5 million for the third quarter 2010 (20% decrease on a constant currency basis).
• Adjusted EBITDA of $14.2 million, an 8% decrease from $15.4 million for the third quarter 2010 (14% decrease on a constant currency basis).
• Transactions of 247 million, compared to 199 million for the third quarter 2010.
• ATMs operated of 12,668 as of September 30, 2011, compared to 10,519 as of September 30, 2010.

The benefit from developing value added products in new and existing countries, renegotiating vendor contracts, expanding into new markets and increasing ATMs under management has partially offset the year-over-year impact of the previously announced German ATM rate change implemented in the first quarter of this year. Had it not been for the rate change, the Segment's revenue and adjusted EBITDA would have improved 8% and 9%, respectively, year-over-year.

Transaction growth of 24% was primarily attributable to the Company's European cross-border acquiring product and Indian, Polish and Pakistani operations.

The epay Segment reports the following results for the third quarter 2011:

• Revenues of $174.3 million, an 18% increase from $148.0 million for the third quarter 2010 (9% increase on a constant currency basis).
• Operating income of $13.3 million, a 12% increase from $11.9 million for the third quarter 2010 (3% increase on a constant currency basis).
• Adjusted EBITDA of $17.7 million, a 10% increase from $16.1 million for the third quarter 2010 (2% increase on a constant currency basis).
• Transactions of 271 million, compared to 227 million for the third quarter 2010.
• Point of sale ("POS") terminals of 591,000 as of September 30, 2011, compared to 541,000 as of September 30, 2010.
• Retailer locations of 282,000 as of September 30, 2011, compared to 266,000 as of September 30, 2010.

Revenue growth in the epay Segment was primarily driven by the September 2011 acquisition of cadooz, a German market leader for vouchers, rewards and incentives, and the full quarter benefit of the September 2010 epay Brazil acquisition.

Operating income and adjusted EBITDA increases were mainly the result of the acquisition of epay Brazil and transaction increases in several markets driven by increased demand for mobile and non-mobile products. The third quarter 2011 profit contributions from cadooz were offset by professional fees incurred in connection with the acquisition. Operating income also benefited from full amortization of certain intangible assets related to the epay UK acquisition, which is excluded from the computation of adjusted EBITDA. These improvements more than offset transaction declines in the U.K. and Australia, which were mostly driven by economic and competitive pressures, lower cost call plans and the impact of certain large retailers entering into direct agreements with two mobile operators in Australia.

The Money Transfer Segment reports the following results for the third quarter 2011:

• Revenues of $75.1 million, a 19% increase from $63.1 million for the third quarter 2010 (13% increase on a constant currency basis).
• Operating income of $4.8 million, a 30% increase from $3.7 million for the third quarter 2010 (16% increase on a constant currency basis).
• Adjusted EBITDA of $9.9 million, a 13% increase from $8.8 million for the third quarter 2010 (5% increase on a constant currency basis).
• Total transactions of 6.1 million, compared to 5.4 million for the third quarter 2010.
• Network locations of 140,000 as of September 30, 2011, compared to 104,000 as of September 30, 2010.

Revenue grew as a result of transaction growth of 13%, driven by expansion of the origination and payout networks as well as 39% growth in non-money transfer transactions, such as check cashing and bill payment. Money transfers from Europe and other foreign countries increased 15% and transfers from the U.S. increased 8%, including a 2% increase in transfers from the U.S. to Mexico. This quarter's year-over-year growth in transfers from the U.S. to Mexico marks the first reported increase since 2007. Profit expansion was due to revenue growth and full amortization of certain intangible assets related to the 2007 acquisition of Ria, partially offset by increased operating costs for store and agent expansion.

Corporate and other reported $7.0 million of expense for the third quarter 2011 compared to $5.8 million for the third quarter 2010. The increase in year-over-year corporate expense is attributable to higher stock- and cash-based incentive compensation expense and professional fees.

Balance Sheet and Financial Position

The Company's unrestricted cash on hand was $180.9 million as of September 30, 2011, compared to $225.5 million as of June 30, 2011 and total indebtedness was $322.5 million as of September 30, 2011, compared to $295.6 million as of June 30, 2011. The decrease in cash of $44.6 million from June 30, 2011 was primarily the net result of the Company's acquisition of cadooz, share repurchases and operating free cash flows produced during the third quarter 2011. Total debt was increased to fund short-term corporate and Money Transfer Segment cash requirements.

As reported in August 2011, the Company closed its amended and expanded five-year credit facility, increasing the capacity of the revolving credit facility from $100 million to $275 million and decreasing the remaining amount owed on the term loan from $126 million to $80 million. Other amendments include flexibility to repurchase common stock and convertible debt. During the third quarter 2011, the Company purchased 0.8 million shares of its common stock and repurchased $3.6 million in principal value of convertible debentures.

Discover Financial Services to Present at CLSA AsiaUSA Forum

Image via CrunchBase

October 25, 2011 04:54 PM Eastern Daylight Time 

RIVERWOODS, Ill.--(BUSINESS WIRE)--Craig Streem, vice president of investor relations for Discover, will present at the CLSA AsiaUSA Forum in San Francisco on Tuesday, Nov. 8, 2011, at 1:30 p.m. Eastern time.

Presentation slides and a link to the live audio webcast will be posted on the day of the conference to Discover's corporate website atwww.investorrelations.discoverfinancial.com.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visitwww.discoverfinancial.com.

TSYS Reports Third Quarter 2011 EPS Up 30.6%, Raises Guidance and Increases Quarterly Dividend by 42.9%

Image via CrunchBase

October 25, 2011 04:01 PM Eastern Daylight Time 

COLUMBUS, Ga.--(BUSINESS WIRE)--TSYS (NYSE: TSS) today reported results for the third quarter 2011 with total revenues of $459.7 million, an increase of 6.1% over 2010. Basic earnings per share (EPS) were $0.30, an increase of 30.6% over 2010. Total issuer cardholder transactions increased 12.7% for the quarter, the seventh consecutive quarter of increased growth and the fourth straight quarter with double digit growth. Accounts on file were 392.4 million, an increase of 15.7% over last year.

For the nine months ended September 30, 2011, total revenues increased 4.6% over 2010 and were up 7.4% excluding 2010 termination fees. Basic EPS were $0.83, a 12.1% increase over 2010, and increased 30.8% excluding 2010 termination fees.

TSYS today also announced that its Board of Directors approved a 42.9% increase in the regular quarterly dividend payable on TSYS common stock from $0.07 per share to $0.10 per share, payable on January 3, 2012 to shareholders of record as of the close of business on December 15, 2011.

“Given the resiliency of the card market, the increase in transactions, addition of new accounts from our sales pipeline and associated fees, we are raising our revenue guidance to a range of 4% to 5% for total revenues and 5% to 6% for revenues before reimbursable items. As a result of improved operations, lower effective tax rates and share repurchases, which are partially offset by negative currency impact, we are raising our guidance for income from continuing operations to a range of $219 to $221 million, and our EPS guidance to a range of $1.14 to $1.15,” said Philip W. Tomlinson, chairman and chief executive officer of TSYS.

“In the third quarter, we purchased 2.2 million shares for $37.2 million, bringing the year-to-date total to 4.2 million shares for $72.9 million. During the year, we returned $40.6 million to shareholders through dividends. We are pleased to announce an increase to shareholder return by raising our quarterly dividend 42.9%, to $0.10 per share. We believe this demonstrates our ongoing confidence in the long-term strength of our business and rewards our shareholders,” said Tomlinson.

TSYS’ revised guidance for 2011 is as follows:

	Revised 2011 Guidance
	Range
	(in millions, except per share amounts)													Percent Change
Total revenues	$	1,786			to			$	1,800					4	%			to			5	%
Reimbursable items	$	266			to			$	270					(3	%)			to			(2	%)
Revenues before reimbursable items	$	1,520			to			$	1,530					5	%			to			6	%
Income from continuing operations	$	219			to			$	221					11	%			to			12	%
EPS from continuing operations*	$	1.14			to			$	1.15					14	%			to			15	%
Average Shares Outstanding	192.0
* EPS Calculations reflect the impact of TSYS’ share repurchase program

Conference Call

TSYS will host its quarterly conference call at 5:00 p.m. ET on Tuesday, October 25. The conference call can be accessed via simultaneous Internet broadcast at tsys.com by clicking on the link under "Webcasts" on the main homepage. The replay will be archived for 12 months and will be available approximately 30 minutes after the completion of the call. A slide presentation to accompany the call will be available by clicking on the link under "Webcasts" on the main homepage of tsys.com.

Non-GAAP Measures

This press release and the financial highlights section of this release contain the non-GAAP financial measures of revenues and basic EPS excluding revenues from termination fees and revenues and operating results on a constant currency basis, respectively, to describe TSYS’ performance. Management uses these non-GAAP financial measures to better understand and assess TSYS’ operating results and financial performance. TSYS believes these non-GAAP financial measures provide meaningful additional information about TSYS to assist investors in understanding and evaluating its operating results.

Additional information about non-GAAP financial measures and a reconciliation of those measures to the most directly comparable GAAP measures are included on pages 10 and 11 of this release.

About TSYS

TSYS (NYSE: TSS) is reshaping a new era in digital commerce, connecting consumers, merchants, financial institutions, businesses and governments. Through unmatched customer service and industry insight, TSYS creates a better experience for buyers and sellers, supporting cross-border payments in more than 85 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare, installments, money transfer and more, TSYS makes it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.

NFC Forum Chooses Broadcom's New NFC Solutions to Validate Certification Test Bed

Broadcom's Participation in Development of Certification Platform Underscores Commitment to Driving Interoperability for Mobile Payments and Simplified Connectivity

CHICAGO, Oct. 26, 2011 /PRNewswire/ -- 4G World 2011 --

News Highlights

• NFC Forum leverages Broadcom's new BCM2079x NFC product family to validate its certification test suite
• Broadcom's NFC solutions chosen as the benchmark for the test tools that the NFC Forum will use to guarantee compliance
• Partnership underscores Broadcom's commitment to driving industry standards

Today at 4G World, the largest global 4G Expo, Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, announced a partnership with the NFC Forum to help develop a new NFC certification test suite based on Broadcom® technology. NFC Forum's official certified test tools will leverage Broadcom's recently introduced BCM2079x NFC family of products as the benchmark for validation.  

The NFC Forum Certification Program provides device manufacturers with a means of establishing that their products conform to the NFC Forum's published specifications. The NFC Forum test tools will be used to ensure compliance and interoperability of future NFC products and solutions.  In addition, companies can place the NFC Forum N-Mark on the device indicating the touch point to trigger NFC services, can be included in the NFC Forum's certified product register, and gain global credibility.

To further educate the mobile ecosystem on the importance of standards and the NFC Forum certification process, Mohamed Awad, member of the NFC Forum board of directors and associate product line director for NFC products at Broadcom Corporation, will participate in a session, NFC Forum Certification: The Key to Interoperable Innovation, at the NFC Summit at 4G World 2011. His session will address common questions including what certification is, what it entails, why it matters and the benefits of being certified.  For more information on the panel, please click here.

Quotes:

Koichi Tagawa, Chairman, NFC Forum

"Broadcom has been a driving force behind the evolution of NFC. As we build out our Certification Program, the NFC Forum is relying on Broadcom and other member companies to provide the reference samples we need to make sure that our test bed is of the highest possible quality.  By using Broadcom's newest family of chips with the industry's most advanced capabilities, we're ensuring that NFC solutions will be based on high standards for compliant and interoperable future products."

Mohamed Awad, Associate Product Line Director, Wireless Personal Area Networks, Broadcom

"As the leader in wireless connectivity, we understand the importance of standards-based technologies for widespread market adoption. By partnering with the NFC Forum and test tool providers in validation, we're continuing to drive the next evolution of NFC innovation. With the test bed certification process based on Broadcom's NFC technology, our customers are assured that their products will pass the NFC Forum's certification test."

Supporting Resources:

• Subscribe to Broadcom's RSS Feed:  Mobile and Wireless News
• NFC Product Page

About Broadcom

Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500® company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom® products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. With the industry's broadest portfolio of state-of-the-art system-on-a-chip and embedded software solutions, Broadcom is changing the world by Connecting everything®. For more information, go to www.broadcom.com.

Vantiv Signs Three More Credit Unions

Payments Leader Committed to Credit Union Growth

CINCINNATI, Oct. 25, 2011 /PRNewswire/ -- Vantiv, one of the nation's largest payment processors, is pleased to announce that the following three credit unions have signed contracts for single-sourced comprehensive electronic processing services including: ATM and debit card transaction processing, card production, gateway services, rewards and debit portfolio management.

(Logo: http://photos.prnewswire.com/prnh/20110628/CL27165LOGO )

Located in Sacramento, California, First U.S. Community Credit Union has served their members since 1936. Today the credit union has more than $235 million in assets and offers six branch locations and 10 ATMs. Anyone who lives, works, or worships in Sacramento, Amador, Yuba, Yolo, El Dorado, Sutter, San Joaquin, Nevada, Placer, Solano, Sierra, and Contra Costacounties is welcome to join the 18,000+ members at First U.S. where they are committed to being an institution of "People Helping People."  To learn more visit www.firstus.org.

Fort Worth Community Credit Union is headquartered in Bedford, Texas with 10 additional branch locations and 11 ATMs.  With assets totaling more than $735 million, the credit union opens its membership of nearly 63,000 to all those who live, work or attend school in Tarrant, Parker, Johnson, and Collin Counties. To learn more visit www.ftwccu.org.

USSCO Johnstown Federal Credit Union, located in Johnstown, Pennsylvania, was established in 1958 to serve the employees of U.S. Steel Johnstown Works. Today membership has expanded to additional area businesses including over 500 Select Employee Groups. There are more than 13,500 members, more than $94 million in assets, four branch locations and seven ATMs. To learn more visit www.usscofcu.org.

"We selected Vantiv as our processing partner, enabling us to offer our members best-in-class debit and ATM card solutions. Specifically, we leaned on their expertise in developing a business debit card program to expand that part of our business, and to align USSCO with a known innovative processing leader," explained Todd Cover, Chief Executive Officer, USSCO.  "In addition, we are partnering with Vantiv Merchant Services to provide an educational, cost effective approach to our more than 500 USSCO small business members.  We are very excited about our relationship with Vantiv to offer cutting edge solutions for our members."

Vantiv's product suite also includes ATM terminal driving and monitoring, ATM and debit card transaction authorization and processing, credit issuing and processing services, national and regional gateway services, comprehensive ancillary services including fraud detection, card production, Rewards! product, and other consultative services.

"We are excited to be chosen by these three credit unions to deliver innovative debit and credit card processing solutions to empower them to gain entry into new markets for member growth and retention," said Royal Cole, President of Financial Institution Services at Vantiv. "A robust card program can help further distinguish these institutions from their competitors while maximizing portfolio performance."

About Vantiv

Vantiv, LLC is one of the leading providers of payment strategies and technology solutions for business financial institutions of all sizes in the United States.  Formerly known as Fifth Third Processing Solutions, LLC, since 1971, Vantiv has built strategic partnerships with its customers, helping them become more efficient, more secure and more successful.  Headquartered inCincinnati, Ohio, Vantiv, LLC is a joint venture between Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB).

Vantiv, LLC supports more than 400,000 merchant and financial institution locations and 12,000 ATMs in 46 states and 8 countries. Vantiv processes more than 11.4 billion ATM and POS transactions and nearly $400 billion in debit and credit sales volume annually.  Our subsidiary, NPC, is one of the largest providers of payment processing services exclusively focused on the small-to-medium merchant processing market. According to the Nilson Report (March 2011), Vantiv is the largest PIN Debit U.S. acquirer and third largest U.S. merchant transaction acquirer ranked by general purpose transaction volume. For more information, visit www.vantiv.com.