The PRWIRE Press Releases https:// 2003-10-07T15:16:00Z ITS appointed as primary maintenance service provider for the Cashcard national ATM Network 2003-10-07T15:16:00Z its-appointed-as-primary-maintenance-service-provider-for-the-cashcard-national-atm-network Integrated Technology Services (ITS), today confirmed that it has secured the primary contract for the provision of maintenance services for the Cashcard ATM network nationwide. Currently covering 4,000 Cashcard ATMs, the contract will also include ATMs yet to be installed into the Cashcard ATM network. The contract includes installation services, merchant training, relocations, software and hardware upgrades and vandalism repairs. Valued at more than $10 million, the three year contract will position ITS as one of the countrys leading providers of maintenance services for the banking sector. This is a fantastic achievement for ITS, outlined Mr Geoff Faber, Director Sales and Service, ITS. Our relationship with Cashcard has grown from a very small project five years ago to now an extremely committed ongoing partnership. As a result of this agreement we have expanded our staffing levels in our Call Centre and Account Management teams, taking the total to 300 people involved in supporting the companys largest third party maintenance contract. It positions us along side the multinational organisations also offering maintenance services, he continued. ITS is a leader in the supply of tailored support services for the banking, retail and electronics industries and maintains 60 service locations nationwide. The company currently supplies support services to all major ATM service providers in Australia, together with a proportion of independent ATM deployers. The company also maintains support services for overseas customers in the United States, Asia Pacific, Papua New Guinea and New Zealand. Commenting on the contract with ITS, Managing Director of Cashcard Greg Baker confirmed, We believe that the ITS customer service offering is extremely professional. ITS have been able to provide us with a total business solution from the acquisition of hardware we need to run our ATMs to the ongoing maintenance associated in their upkeep. The ATM component of the Cashcard business has been extremely successful and we believe that with continuing levels of premier service from ITS, we can offer Australian consumers the best ATM experience in the country. Ends About ITS Australian owned and operated, Integrated Technology Services (ITS) was formed with a focus on providing exceptional service to the banking, retail and electronics industries. The ITS philosophy is built around customised and cost effective solutions that are tailored for every individual client. The customer base today includes Australias largest banks and non-banking institutions, as well as computer companies. About Cashcard Cashcard is Australias premier payments services provider. It is the only independent services company to provide high volume payment services across the entire consumer electronic payments spectrum, including ATM and EFTPOS, Direct Entry and BPay, Telephone and Internet payments. The group now services more than 50 member financial institutions and several thousand merchants and has processed around 2.5 billion EFT payments since 1993, making it one of the largest independent transaction providers in the region. For further details please visit www.cashcard.com.au. The creation of Australia's largest independent payment gateway 2003-08-07T16:31:00Z the-creation-of-australia-s-largest-independent-payment-gateway Today, Australia's leading payment gateway specialists SecurePay and DirectOne Payment Solutions merged to create Australia's largest independent payment company. The merger now creates a one-stop shop for customers seeking a range of payment solutions that include Internet, IVR phone, Bill presentment and Wireless payment solutions. Rob McIntyre, General Manager of SecurePay, said that the decision for the companies to merge was an easy one. 'We are very excited by the fact that we can now offer total payment solutions to the market. We felt DirectOne's expertise in the mobile payment space complimented our suite of Internet and IVR phone products and allows us to be the innovator in new payment technology. Just imagine, your staff can now take customer orders and receive payments in real time over their mobile phone or PDA any where in Australia, your head office will be advised immediately of the order and payment and you can then track these and all other customer payments over the web.' In addition to the merger with DirectOne, SecurePay has over the last 12 months been focusing on the consolidation of Australia's payment gateway market with the acquisition of eSec's e-payment business in October 2002. 'There are plans to seek further acquisitions' McIntyre said. Ryan Trainor, DirectOne's Managing Director said " When we looked at where we wanted DirectOne to be positioned in 3 years, our key focus was to aggressively increase our market share and continue high level support for our customers. What impressed us about SecurePay was their culture for customer service and the opportunity to clearly become the market leader'. The new merged entity services some of Australia's largest companies and has recently signed agreements with major Australian banks and telecommunication companies amongst other significant deals. What adds further strength to the merger is SecurePay's major shareholders who include Cashcard Australia, owner of Australia's largest ATM network and a leading independent payment services provider and Advent III Private Equity. 'We have a clear strategy moving forward. It is a very exciting time in the payments industry and we are happy to be at the forefront.' Trainor said. About SecurePay SecurePay was established in 1994 and is now the largest independent payment gateway in Australia. SecurePay holds switching links to all major banks in Australia and supports over 1100 customers nationwide, including major councils, utilities, telecommunication companies and the SME market. SecurePay acquired E-Sec Payments in October 2002 and recently merged with DirectOne Payments Solutions in May 2003, increasing its suite of products offered to the market and now processes in excess of 670 Million dollars worth of transactions per year. SecurePay's aim is to assist companies streamline their payment methods and enable each solution to be scalable to support a business as they grow. SecurePay supports the merchant with their chosen bank relationship. SecurePay shareholders include Cashcard Australia andadvent III Private Equity. Advent III Private Equity, managed by Advent Management Group, is one of Australia's oldest and leading Venture Capital Managers. Cashcard is Australia's premier payments services provider. It is the only independent services company to provide high volume payment services across the entire consumer electronic payments spectrum, including ATM and EFTPOS, Direct Entry and BPay, Telephone and Internet payments. For further information please view our web site www.securepay.com.au www.directone.com.au June retail growth stabilises at 0.3%, second quarter consumer spend sentiment remains positive 2003-07-07T18:57:00Z june-retail-growth-stabilises-at-0-3-second-quarter-consumer-spend-sentiment-remains-positive Cashcard Australia today launched its new monthly Retail Activity Index (RAI). Developed in conjunction with PricewaterhouseCoopers, the report is based on daily EFTPOS retail payments transactions recorded by Cashcard, the country's largest independent payments services provider. The initial Cashcard RAI outlined June 30 retail figures which indicated that the monthly growth in retail sales for June remained stable at 0.3 % seasonally adjusted, reflecting continued positive consumer-spend sentiment. Strong retail sales in April due to Mothers Day and the move towards resolution of the Iraq conflict resulted in monthly growth in consumer spending remaining stable and trending at 0.6 % over the past quarter, with annual growth at 5.5 %. "We believe that the Cashcard RAI will become an invaluable tool in providing retailers and anyone interested in the economy with a leading indicator of Australian's spending patterns," outlined Mr Greg Monaghan, Chief Operating Officer, Cashcard Australia. "Not only is the RAI extremely accurate due to our monitoring of Australian consumer's EFTPOS transactions, it is also available weeks earlier than existing data - making this a timely and reliable benchmark for the general business community." The Trend estimate for the Cashcard RAI increased 0.6% in June, which follows an increase of 0.6% in April and May. After the retail spending rebound in April following a period of lower than average retail spend, the impact of early June retail sales promotions provided a moderate increase on a seasonally adjusted basis of 0.3%. According to Mr Stan Moore, Chief Executive Officer of the Australian Retailers Association (ARA), the Cashcard RAI will provide great benefit to the Australian retail market, now Australia's single largest industry sector. "These statistics from Cashcard are extremely timely and will no doubt assist retailers with a better understanding of what is happening in their stores. Retailers will be greatly advantaged by accessing up to the minute information in peak retail spend times, allowing businesses to tailor their marketing, promotion and staffing strategies to benefit both today's consumers and shareholders." The Cashcard RAI will provide month-on-month retail trade figures within a week of month-end - well in advance of currently available statistics. Cashcard will release its Retail Activity Index on a monthly basis following today's launch. Availability The Cashcard RAI will be available within seven days of month end on a regular basis. During peak retail activity times intra-month and intra-week highlights may also be made available. For full reports of the Cashcard RAI please visit the Media Centre at www.cashcard.com.au. The next Cashcard RAI release will be July 2003 with an expected release date of 8 August 2003. Ends About Cashcard Cashcard is Australia's premier payments services provider. It is the only independent services company to provide high volume payment services across the entire consumer electronic payments spectrum, including ATM and EFTPOS, Direct Entry and BPay, Telephone and Internet payments. The group now services more than 50 member financial institutions and thousands of retail merchants and has processed around 2.5 billion EFT payments since 1993, making it one of the largest independent transaction providers in the region. For further details please visit www.cashcard.com.au. Cashcard acquires Direct Cash retail ATM network 2003-07-02T11:50:00Z cashcard-acquires-direct-cash-retail-atm-network Cashcard, Australia's leading independent payments services provider, announced today the successful acquisition of ATM deployer, Direct Cash Pty Ltd (Direct Cash). The incorporation of the Direct Cash network will add over 800 additional ATMs to the company's existing operations. As part of its acquisition, Cashcard will integrate ATM locations in a wide range of convenience stores, shopping centres, licensed hotels and clubs, entertainment venues and fuel outlets nationwide. Cashcard will now own over 5,000 sites throughout Australia. Cashcard Managing Director, Greg Baker today commented, "We view the acquisition of Direct Cash as an important, strategic and complementary fit for the business for two key reasons. Firstly, Direct Cash is a well-established high transaction network and its integration into the Cashcard network will reinforce our leadership position in the highly competitive ATM market. Secondly, Cashcard already provides both processing and Help Desk services to Direct Cash, thereby making the integration a seamless one for all of its customers." George Kontogeorgos, Chief Executive of Direct Cash continued, "We have partnered with Cashcard from day one for the services we offer to our customers and our amalgamation within Cashcard is a logical development for the Direct Cash business. It will, I believe, be in the long term interest of all our customers." Ends About Cashcard Cashcard is Australia's premier payments services provider. It is the only independent services company to provide high volume payment services across the entire consumer electronic payments spectrum, including ATM and EFTPOS, Direct Entry and BPay, Telephone and Internet payments. The group now services more than 50 member financial institutions and several thousand merchants and has processed around 2.5 billion EFT payments since 1993, making it one of the largest independent transaction providers in the region. For further details please visit www.cashcard.com.au. New Cashcard director 2003-05-08T16:56:00Z new-cashcard-director Cashcard Australia announced today that Mr Graham Rich had been appointed a Director of the Company. Mr Rich is an investment banker and company director with extensive experience in the UK, Asian and Australian markets. During his 30 year career in Merchant and Investment Banking he has served as a director of a number of listed public companies and unlisted public and private companies. Mr Rich is joint Managing Director of Gresham Partners Limited and an Executive Director of Gresham Private Equity Limited. The Chairman of Cashcard, Mr Richard Haddock said we are very pleased Graham is joining Cashcard as an independent Non-Executive Director. He has extensive business experience which I am sure the company will benefit from at an important stage of its evolution. Cashcard is Australias premier payments system services provider. It is the only independent services company to provide high volume payment services across the entire consumer electronic payments spectrum, including ATM and EFTPOS, Direct Entry and BPay, Telephone and Internet payments. Key business lines include EFT transaction switching and processing, ATM Services, and management of the countrys largest ATM network, incorporating over 5,000 ATMs. The group was launched in 1982 and now services more than 50 member financial institutions, including Australias leading regional banks, building societies and credit unions, as well as hundreds of corporate customers. Since 1993 Cashcard has processed over 2.5 billion EFT payments making it one of the largest independent transaction processors in the region. New Cashcard Director 2003-03-25T20:38:00Z new-cashcard-director-1 Cashcard Australia announced today that Mr Paul Biancardi had been appointed a Director of the Company. Mr Biancardi, currently Chairman of HJ & B Group Limited, a Director of Mirvac Limited and Crescent Capital Partners Limited, has extensive experience as a Chartered Accountant. He was Chairman of the National Tax Panel of the Institute of Chartered Accountants and is a former Chairman of Coopers & Lybrand. The Chairman of Cashcard, Mr Richard Haddock said We are very pleased Paul is joining Cashcard as an independent Non-Executive Director. He has considerable accounting, tax and business experience from which I am sure the company will benefit at an important and exciting stage of its evolution. Cashcard is Australias premier payments system services provider. It is the only independent services company to provide high volume payment services across the entire consumer electronic payments spectrum, including ATM and EFTPOS, Direct Entry and BPay, Telephone and Internet payments. Key business lines include EFT transaction switching and processing, ATM Services, and management of the countrys largest ATM network, incorporating over 5,000 ATMs. The group was launched in 1982 and now services more than 50 member financial institutions, including Australias leading regional banks, building societies and credit unions, as well as hundreds of corporate customers. Since 1993 Cashcard has processed over 2.5 billion EFT payments making it one of the largest independent transaction processors in the region. Cascard extends ATM reach 2003-03-10T21:35:00Z cascard-extends-atm-reach Reinforcing its market position as Australia's leading provider of ATM management services, Cashcard announced today it has successfully acquired the unique Movieline ATM network. Cashcard has also embarked on a major rollout of ATMs to Woolworths + Plus Petrol outlets as part of an exclusive arrangement with Australias fastest-growing petrol retailer. Movieline The Movieline service was established as a joint venture between the three cinema groups, Hoyts, Greater Union/Birch Carroll and Coyle and Village Cinemas, specifically to provide ticketing services via ATMs and the Internet. Since its inception, Cashcard has acted as the switch and ATM services provider for the Movieline ATM network. Cashcard Managing Director, Greg Baker, said: This acquisition represents an expansion into a non traditional market base and provides us with the opportunity to partner with Australias leading cinema groups to deliver electronic transaction services in high traffic locations. This is the first ATM network in Australia to dispense movie tickets and provides a complete automated end-to-end service to consumers. Movie goers can book their tickets over the Internet then collect their tickets at the ATM located in the cinema, while withdrawing cash to enjoy their movie munchies at the same time! No queues at the box office and total convenience. The Ticketing & Cash ATM Service is currently available at approximately 50 ATMs nationally, and provides Cashcard with access to a further 50 sites throughout Australia. Woolworths + Plus Petrol When it was looking for an ATM supplier, Woolworths approached a number of major finance industry players, choosing Cashcard for its responsiveness, price competitiveness and quality of service. Cashcard has already installed ATMs at 96 of Woolworths + Plus Petrols nearly 300 outlets nationwide and plans to complete the rollout by the end of this financial year. Managing Director, Greg Baker, said the deal cements Cashcard as the leading supplier of ATMs to Australian service stations, building on its exclusive arrangement with Shell Select and its strong position in the independent market. Under this latest agreement, all existing and future Plus Petrol outlets will incorporate a Cashcard ATM, enabling Plus Petrol to enhance both the level of convenience and the breadth of services offered to customers, he said. The presence of a Cashcard ATM in Woolworths + Plus Petrol service stations is a key enabler of incremental or impulse sales and will help drive profitability while building customer loyalty. ENDS About Cashcard Cashcard is Australias premier payments services provider. It is the only independent services company to provide high volume payment services across the entire consumer electronic payments spectrum, including ATM and EFTPOS, Direct Entry, Bpay, Telephone and Internet payments. Launched in 1982, the group now services more than 50 member financial institutions and has processed around 2.5 billion EFT payments since 1993, making it one of the largest independent transaction providers in the region. For further details please visit www.cashcard.com.au. Cashcard Director Elected to ATMIA International Executive 2003-02-11T22:10:00Z cashcard-director-elected-to-atmia-international-executive 11 February 2003.A leading executive at Cashcard Australia has been elected to serve on the International Executive Board of the global ATM Industry Association (ATMIA). The appointment of Cashcard Sales Director, Ken Gaunt, to a senior role within this global industry body recognises Cashcards influential position within the international ATM sector. With over 17 years experience in IT and office automation sales, Mr Gaunt is best known for co-founding Electronic Banking Solutions which operated an installed base of over 2500 ATMs around Australia prior to its acquisition by Cashcard in October 2002. Ken Gaunt and Cashcard Managing Director, Greg Baker, were two of three founding Board members when the Australasian chapter of ATMIA was established at the beginning of 2002 and Cashcard has continued to take a leading role with ATMIA. Mr Baker said, Kens election to ATMIAs International Executive Board is testament to the quality and value of Cashcards contribution to the industry body. It has always been our policy to participate in a wide range of industry activities and to contribute to the development and adoption of standards that benefit both this industry sector and the wider community. Kens involvement at this level will serve to raise the profile of the Australian ATM industry and enable us to have input into global standards while providing valuable opportunities for multinational collaboration, Mr Baker said. Cashcard has been the driver behind ATMIAs inaugural ATM Security Forum which will be held late February 2003 and will involve Federal and NSW Police. The Forum will discuss standards for security of ATMs in Australia and will review what other countries do and aim to raise awareness of issues relating to fraud, vandalism and theft from ATMs. The ATMIA International Executive Board is the peak policy-making body for the ATM Industry Association, and the advisory body for the Executive Director, International; and Director of Operations, International. The Board also has executive management over ATMIA finances and annual budgeting as well as overseeing the human resources management of all permanent and part-time ATMIA personnel. Cashcard is the country's leading supplier of electronic funds transfer payment and processing services, and Australia's premier processor of merchant ATMs. Ends About Cashcard Cashcard is Australias premier payments services provider. It is the only independent services company to provide high volume payment services across the entire consumer electronic payments spectrum, including ATM and EFTPOS, Direct Entry, Bpay, Telephone and Internet payments. Launched in 1982, the group now services more than 50 member financial institutions and has processed around 2.5 billion EFT payments since 1993, making it one of the largest independent transaction providers in the region. For further details please visit www.cashcard.com.au. Cashcard acquires EBS To create new force in payments system and announces year end 2002 results 2002-10-22T17:07:00Z cashcard-acquires-ebs-to-create-new-force-in-payments-system-and-announces-year-end-2002-results Cashcard Australia Limited, (Cashcard) Australias leading independent provider of financial payments services, today announced the successful acquisition of Electronic Banking Solutions Limited (EBS). EBS is a specialist in ATM and EFTPOS solutions for the retail merchant market. The deal adds a significant retail ATM network to Cashcards existing operations. Almost 2,500 additional ATM locations at fuel outlets; shopping centres and malls; licensed hotels and clubs, as well as entertainment venues will be integrated into the national Cashcard network. The company also outlined its financial results for financial year ending 30 June 2002. Cashcard Chief Executive Greg Baker said today The acquisition of EBS reinforces Cashcard as the countrys leading independent ATM services operator for both the wholesale and retail segments. EBS will provide Cashcard with significantly increased profit potential from the acquired national retail ATM network. Prior to acquisition, EBS was owned by a group of shareholders principally comprising one of Australias leading private equity funds Gresham Private Equity Limited (GPE), and senior managers of EBS and their associates. Ken Gaunt, Managing Director of EBS said This deal recognises and rewards the leadership position that we had built for EBS in the retail ATM deployment market. As part of the acquisition and in line with its current review of its investments, St George Bank has normalised its 49% shareholding to around 8% by selling shares to Cashcard shareholders and GPE. GPE has become Cashcards largest shareholder with around 29% of the shares in the merged entity. St George remains the companys third largest shareholder and will continue all its existing commercial relationships with Cashcard as its supplier of electronic payment services. Other major shareholders of Cashcard include Suncorp Metway Ltd, Adelaide Bank and Bendigo Bank. 2002 Business Highlights Cashcard also outlined its annual results for a thirteen month period to 30 June 2002. Business highlights included: Revenue up 32% Profit before tax up 21% Acquisition and successful integration of Mayne Logistics Armaguard retail merchant ATM business ATMs serviced by Cashcard increased by 69% to 3,200 Investment in SecurePay Holdings Pty Limited (SecurePay) completed for internet and telephone payment technologies Record operational performance achieving 100% system uptime 446 million transactions processed Mr Baker outlined, These results consolidate our track record of consistent business growth, as well as position the business for a long term and highly sustainable future. Our diversification in the payments services market has led us to broaden our offerings from our core and highly successful transaction switching services for financial institutions. This has included areas of new growth including the merchant ATM market and e-payment solutions such as EFTPOS and future payment services strategies. We have also prepared for emerging market opportunities in the internet and telephone payments space, by investing in bill payment expert, SecurePay, he concluded. Cashcard further confirmed its plans to list on the Australian Stock Exchange in the medium term of twelve to twenty-four months. Strategic Development and Outlook In March 2002, Cashcard was granted approval for the operation of Australias first independent Exchange Settlement Account, which went live in late August 2002. In conjunction, the company obtained full membership of the Consumer Electronic Clearing System of the Australian Payments Clearing Association (APCA). This positions the company to further manage and develop payment services without dependence on third party financial institutions. Marketing activities included the successful completion of an extensive Cashcard brand enhancement program across all forms of media and presentation materials. Cashcard has maintained a long-term average growth rate of over 25% per annum for nearly 10 years, and believes that its growth prospects for the future remain solid. Cashcard continues to position itself as the leader in the provision of electronic payments services for the Australian marketplace. Cashcards key customers include every regional bank in Australia, every card-issuing building society in Australia, major retailers such as Shell and Coles Myer, as well as hundreds of smaller retailers using Cashcard ATM and EFTPOS services and direct entry payments such as payroll and insurance deductions. Board appointments Mr Richard Haddock was recently elected as Non-Executive Chairman. Mr Haddock is currently a Director of SME Growth Ltd and H G Ventures Ltd. He was previously Deputy General Manager of BNP Paribas, as well as Director of its investment banking, stockbroking and asset management operations. As part of the EBS acquisition, St George Bank sold down its shareholding position within Cashcard to around 8% and the St George Bank affiliated directors Mr John Loebenstein and Mr Peter Clare resigned. They have been replaced by Mr Greg Ruddock, Investment Director Gresham Private Equity; and EBS founder Mr Ken Gaunt who will be Sales Director of the merged entities of Cashcard and EBS. About Cashcard Cashcard is Australias premier payments services provider. It is the only independent services company to provide high volume payment services across the entire consumer electronic payments spectrum, including ATM and EFTPOS, Direct Entry, Bpay, Telephone and Internet payments. Launched in 1982, the group now services more than 50 member financial institutions and has processed around 2.5 billion EFT payments since 1993, making it one of the largest independent transaction providers in the region. For further details please visit www.cashcard.com.au.