InterCept Acquired by Fidelity National Financial

Jacksonville-based Fidelity National Financial has signed a deal to acquire Atlanta-based InterCept for $18.90 per share. InterCept generated $110 million in revenue for six months of this year and has been embroiled in various disputes with investors, putting itself up for sale. FNF says it expects to realize at least $25 million in cost synergies through its integration of InterCept into FNF. InterCept provides outsourced and in-house, fully integrated core banking solutions for approximately 425 community banks and operates significant item processing and check imaging operations for approximately 720 customers. FNF is a provider of products and outsourced services and solutions to financial institutions and the real estate industry, with annual income of more than $7.7 billion. Due to the pending InterCept transaction, FNF has postponed an initial public offering for its information services unit until 2005. InterCept has also rescheduled its annual shareholders meeting to November 8th.

Global Payments and TNS Expand Relationship

Global Payments has selected TNS to deliver its primary transaction network transport in the USA and to provide supplementary transaction transport services for dial-up and Datapac transactions in Canada and transaction transport services in Europe. Global Payments offers processing solutions such as credit and debit cards, business-to-business purchasing cards, gift cards, check guarantee, check verification and recovery, electronic check, terminal management, and money transfer services. Transaction Network Services is a leading provider of business-critical, cost-effective data communications services for transaction-oriented applications.

ABN AMRO Modernizes/Consolidates Systems

ABN AMRO has selected Amdocs as part of its efforts to modernize and consolidate its transactional systems for business and consumer retail banking customers in The Netherlands. The Amdocs solution will integrate information from disparate systems onto a single, unified platform, allowing ABN AMRO to launch new bundled services and cross
product price plans and discounts, reduce operating costs and increase
efficiency, while improving the overall customer experience.

Western Union Opens its 200,000th Global Agent

Western Union Financial Services and Orlandi Valuta opened its 200,000th global agent location with a ceremony in Athens. Two Olympic medal winning Greek athletes, Hrysopiyi Devetzi and Ilias Iliadis were part of the ceremony. Devetzi and Iliadis joined Western Union President Christina Gold at the new Agent location on Omonia Square. This location is one of seven opened simultaneously in Athens by Christopher C. Varvias & Associates S.A., which operates a network of nearly 600 Western Union Agent locations throughout Greece.

N9NE Group Selects $$$ ON THE NET Processing Solution

The N9NE Group, co-owners and operators of the N9NE Steakhouse, Rain Nightclub, ghostbar, and Skin Pool Lounge at The Palms Casino in Las Vegas, have installed Shift4’s “$$$ ON THE NET” solution to process all of their credit and debit transactions. The N9NE group was looking for a solution to help them quickly, accurately and securely process and manage over 35,000 transactions monthly from four different locations.

Court Rules Teleflora Cannot Restrict Processing Options

A Federal District Court in California has ruled that Teleflora cannot block local retail florists using its software from processing their credit card sales through other vendors. Florists’ Transworld Delivery (FTD) brought the action after Teleflora modified its “RTI” software in 2002 to prevent florists from using any vendor other than Teleflora for credit card processing. The Court stated that users of “RTI who are licensed to use the prior versions of the software are free to reinstall the prior versions of the software and begin clearing credit cards with vendors other than Teleflora, including FTD. FTD primarily markets floral products and services to approximately 20,000 FTD members and other retail locations in the USA.

Fujitsu and SonicWALL Partner for POS Networks

Fujitsu Transaction Solutions is now working with SonicWALL to deliver comprehensive security with remote management options for VPN-based wide-area and in-store wireless networks. To provide secure VPN capabilities to its customers, Fujitsu will offer SonicWALL appliances and software. These include SonicWALL’s TZ and PRO series security gateways, the SOHO TZW, an integrated firewall, VPN and secure wireless access point for smaller networks. SonicWALL’s newly launched distributed wireless solution scales to accommodate larger store deployments. This package comprises a gateway security device, SonicPoint intelligent access points, power-over-Ethernet injectors and long-range wireless cards. Fujitsu will also deploy SonicWALL’s Global Management System to provide retailers with remote management options including monitoring, reporting and automatic downloading of code and policy updates from retail headquarters to branches.

Westpac Upgrades 500 ATM’s with BASE24

Westpac Banking/New Zealand division has successfully completed an upgrade of its “BASE24” application software. ACI’s “BASE24” has driven the front end processing for all Westpac ATM network transactions. The upgrade will help Westpac’s network of nearly 500 ATMs
more efficiently process approximately 250 million transactions per year. A key component of the upgrade was the implementation of the enhanced services architecture of ACI’s “Transaction Security Services.” The “TSS” module is designed to manage all cryptographic functions such as PIN verification and chip authentication. The deployment will help enable Westpac’s ATM network for “Triple DES” compliance as international card issuers continue the push toward the “Triple DES” security standard.

MEI Gears-Up for the New $50 Bill

MEI is now offering clients options to upgrade their bill acceptors in the field so that they will recognize and accept the new $50 bill when it comes out next month. Upgrade and pricing options differ according to the model bill acceptor, and customers will receive detailed upgrade ordering information from MEI via e-mail and service bulletins that will be issued to service centers, distributors, and customers. The new $50 bills will be safer, smarter and more secure. MEI payment systems are relied upon for more than1 billion transactions per week in 90 countries.

Incurrent Releases InSite Collections

Incurrent is releasing “InSite Collections,” a fully-branded, online collections product. InSite Collections can integrate seamlessly with its powerful InSite product line or it can run as a stand-alone experience for delinquent cardholders. InSite Collections provides delinquent accounts a Web experience in which they can communicate with the card issuer about the details of their delinquency and become educated about the options available to them.

Retalix Revenues Up 34%; R&D Investment Grows

Ra’Anana-based retail POS specialist, Retalix, reported that global second quarter revenues jumped 34% compared to one-year ago, and up 11% sequentially. During the second quarter, US-based Costco installed its 200th site with the Retalix “StoreLine Fuel” solution and US-based Cumberland Farms installed its 200th site with the Retalix “StorePoint POS” solution. Internationally, Tesco agreed to install Retalix “BackOffice” across all sites in U.K., Europe and Asia and, Tussauds Group selected Retalix “StorePoint” for the group’s international theme parks. Revenues for the second quarter were $28.7 million, compared to $21.5 million in the second quarter of 2003 and $25.8 million reported in the first quarter. The Company reported net income for the quarter of $1.3 million, compared to a net income of $1.4 million in the second quarter of 2003.