Welcome to our online monthly update
for GFG customers and partners

In this issue we report on our financial year, just ended, and announce the appointment of Peter Goldfinch to head up our new Singapore office and operations.  For those interested in global trends in credit and debit card payments (isn't that all of us?), I particularly recommend the first of a series of  "opinion pieces" by Peter Goldfinch - and I must add the disclaimer that these articles represent Peter's personal opinion. We hope you'll find this update worthwhile. Please do send me your comments and feedback here and please do subscribe others as appropriate.

Best regards,
Marie Tamplin-Woods
Group Sales and Marketing Manager
GFG Group

	GFG Group's Anthony Howard

GFG posts strong
revenue and growth

GFG Group has reported strong growth in revenue and profit for its fiscal year ended 31 March 2005 - with growth forecast to continue during 2006. GFG Group Chief Executive, Anthony Howard, says revenue grew 68% during the year to $NZ 8.4 million. Profitability was also strong with new investment capital funding major product and infrastructure development. Read the full story

GFG to open Singapore office

GFG has appointed Peter Goldfinch to the new position of General Manager South East Asia based in Singapore. The appointment is part of GFG's plans to increase its "footprint" in South East Asia, building on the solid foundation established in the Philippines where GFG has implemented and supports an award-winning mobile payments solution for Smart Communications, as well as a major new Cadencie solution for one of the fastest growing banks in the region - Banco de Oro. Read the full story

Balanced on the downside of the lifecycle curve

The credit and debit card market is about to undergo radical change, argues GFG Group's newly-appointed General Manager South East Asia, Peter Goldfinch. In this thought provoking opinion piece, Peter draws on his 23 years consulting experience in the international electronic payments business - including pioneering work on the first ATM and EFTPOS networks and a key role in the introduction of credit and debit cards in Russia. His analysis of the market - with particular reference to the Australian market - is a must read for those interested in global as well as local trends in credit and debit card usage. Read the full story

Cadencie User Forum Report

During March, the first User Forum meeting was held at the GFG Group office in Melbourne.  The meeting focused on the forum's two key goals for 2005 -  communication and participation. Highlights included the launch and demonstration of an online forum.

The report is only available to Cadencie customers that have agreed to be part of the forum. Read the full meeting report or visit the Cadencie online forum