Question-and-Answer Session
Operator
(Operator Instructions). And we will take our first question from Tim Fox from Deutsche Bank.
Tim Fox – Deutsche Bank
Hi thanks. Good morning.
Jack Prim
Good morning, Tim.
Tim Fox – Deutsche Bank
My first question was around your the EFT business. I am just wondering we been hearing some noise about the decreases in overall volumes from some of the other providers out there. If you could just give us a little bit of color about how your volumes are trending particularly in the credit, debit and ATM transactions space, do you expect there to be any pressure on the overall transaction volumes going forward, or do you think that can be relatively stable in your client base?
Kevin Williams
We've seen some decrease in the transactions volumes in the last quarter and the prior quarter. We think that's some what due to the current economic environment, but we expect to see transaction volumes to be pretty stable moving forward at this point.
Jack Prim
And one another thing, Tim. We continued to add additional products into that product suite with the EFT and debit switch solution that we can get additional transaction fees on products like fraud center and some other things, we are also putting products out there to help to drive the use of data cards so and I think all those will help at least to solidify the constant growth within that moderate revenue.
Tim Fox – Deutsche Bank
And just a follow-up on that. As far as penetration about how many customers do you have that, because of switch products at this point do you see opportunities for share gains over the rest of this fiscal year?
Kevin Williams
I don't have that number in front of us. I can get that number and then try to give it you later. But I don’t have it.
Jack Prim
Tim, I think it's somewhere around 700 total core customers that are on our switch products. It maybe slightly less than that, so there is some additional opportunity there and as you pointed, and this is clearly becoming more of a commodity gain, so what we have to pull is the high level integration, the high level customer service we provide and the suite of products that we're now attaching our products.
So is there some potential market share out there? Absolutely, as you can see it from the numbers, we have done very pretty well in gaining some market share in the credit union space and we think there is more opportunity there.
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