ACE Software has partnered with BankServ for anti-money laundering
(AML) and anti-terrorist financing solutions. Under the agreement,
BankServ will be reselling Ace’s products that comply with AML and
terrorist financing legislation by providing automated solutions using
natural language processing. This processing scans financial messages
and identifies blacklisted entities in payment transactions before they can
be processed. This product ensures that financial institutions maintain
compliance, avoid regulatory penalties, reduce processing time and
minimize reputational risk. ACE Software Solutions is a provider of
intelligent payment and STP solutions and offers fully integrated real-time
payments, liquidity management, cash management, Anti-Money
Laundering and OFAC compliance.

Union Bank & Authorize.Net

InfoSpace, Inc., a leading provider of the platform and applications that enable partners to deliver consumer and commerce services across the Internet to any device over current and next-generation networks, and Union Bank of California, N.A., today announced that Union Bank of California has selected InfoSpace’s payment processing platform, Authorize.Net, to power a new online payments service to be offered to UBOC’s business clients under the UBOC brand.

UBOC’s new service will enable its business customers to accept credit card payments over the Internet directly from a Web site or by using an Internet-enabled PC or handheld device. Businesses will be able to assess, fraud-screen and settle credit card transactions online quickly and securely. In addition, business will be able to view and manage their payment gateway account online in real-time from almost any Internet enabled mobile device or PC. “Our partnership with InfoSpace provides us with the technologies we need to continue the roll out of new, cutting edge services to our customers that both expands our offering and develops new revenue streams,” said Robin Ann Lambert, senior vice president of Union Bank of California. “The flexibility and scalability of InfoSpace’s payment processing platform as well as its ability to tightly integrate with our systems and to support our brand made InfoSpace our first choice in deploying these new services.”

“This agreement demonstrates the successful execution of our strategy to provide the underlying technology and services that enable established companies such as Union Bank of California to provide their customers with a wider range of services, build stronger brands and develop new revenue streams,” said Naveen Jain, chairman and chief executive officer of InfoSpace.

InfoSpace’s Authorize.Net(TM) service has been pioneering online payment processing solutions since 1996 providing server-based payment solutions that enable merchants to process transactions in a secure, real-time environment 24 hours a day. Over 120,000 merchants have signed up for Authorize.Net, which enables merchants to authorize, process, and manage credit card and electronic check transactions on Internet-enabled mobile devices and personal computers.

About Union Bank of California

Based in San Francisco, UnionBanCal Corporation is a bank holding company with assets of $35.8 billion at June 30, 2001. Its primary subsidiary is Union Bank of California, N.A., the third largest commercial bank in California. Union Bank of California, N.A., has 244 banking offices in California, 6 banking offices in Oregon and Washington and 18 international facilities. The Website is located at [][1].

About InfoSpace, Inc.

InfoSpace, Inc. (Nasdaq:INSP) provides an integrated technology platform and suite of applications that enable partners to deliver consumer and commerce services across the Internet to any device over current and next-generation wireless, broadband and narrowband networks. The Company’s array of products includes consumer services, such as communication, entertainment, gaming and speech applications, as well as commerce services, including payments, promotions and shopping. Together, the InfoSpace platform and applications comprise a highly flexible and scalable end-to-end solution that can be rapidly deployed under a partner’s brand. InfoSpace’s partners and affiliates include more than 3,200 Web sites and companies worldwide, including Verizon, AT&T Wireless, Cingular Wireless, ALLTEL, Virgin Mobile, Charles Schwab, Intel, Lucent, Nortel, AOL, Microsoft, Lycos, National Discount Brokers and Bloomberg, among others.



Union Bank of California has thrown in the towel on credit cards after announcing the sale yesterday of its portfolio to First National Bank of Omaha. Union Bank will continue in an agent relationship with First National Bank of Omaha. While terms of the deal were not disclosed, Union expects the sale to close on April 16 and the portfolio to be fully transferred by Oct 31. According to CardData, Union Bank had $273 million in receivables, 195,000 accounts and nearly 400,000 cards-in-force at the end of 1997. FNB Omaha has been on an acquisition hunt, last year acquiring MI-based Old Kent Bank’s card portfolio.