MASTERCARD SALE

Citi announced that it has signed a definitive agreement to sell its Canadian MasterCard business to the Canadian Imperial Bank of Commerce.
The sale will reduce Citi’s assets in Citi Holdings by approximately $2 billion (Cdn) and is not expected to have a material impact on Citi’s net income or capital ratios. The transaction is expected to close by October 31, 2010, and is subject to regulatory approvals and usual closing conditions for such sales.
The sale of this business is consistent with Citi’s strategy to reduce the assets and businesses within Citi Holdings in an economically rational manner while working to generate long-term profitability and growth from Citicorp, which comprises its core franchise. Terms of the sale were not disclosed.

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MoSys to Present at the 47th Design Automation Conference

MoSys differentiated, high-density memory and high-speed interface (I/O) IP is participating at the 47th Annual Design Automation Conference, DAC 2010.
DAC is the world’s leading technical conference and tradeshow, covering the latest trends in electronic design and design automation. MoSys’ Vice President
of Business Operations, is presenting “MoSys and TSMC Collaborating for Innovation” in TSMC’s Open Innovation Platform Partner Theater on June 14, June 15
and June 16. The Director of Marketing at MoSys, is giving three presentations on June 14, June 15 and June 16. MoSys develops serial chip-to-chip
communications solutions for next generation networking systems and advanced system-on-chip (SoC) designs.

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GLOBAL SECURITY SERVICES

U.S. Bancorp Fund Services, LLC and Societe Generale Securities Services have launched the Global Securities Services Alliance to provide comprehensive fund services for all U.S. and non-U.S. domiciled funds with complete securities services and broader global support.
The GSSA commercial alliance between USBFS and SGSS combines both company’s service models to offer global administration, shareholder servicing, distribution support, capital introduction support, product development, securities lending, trustee services, credit facilities, and middle office solutions. Investment managers seeking a single source for servicing global products are able to receive 24-hour global support through the specialized talent and expertise of two top-tier firms through this unique service offering. Each organization brings significant industry tenure and best-in-class reputations within their respective local markets. SGSS is the 6th largest worldwide global custodian and the 2nd largest in Europe with 3,246* billion euros of assets under custody.

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FIS to Acquire Risk Assessment Provider Compliance Coach

FIS Payment solution provider will acquire Compliance
Coach risk assessment software,
e-learning and additional tools. FIS will assume ownership of Compliance Coach’s
flagship products that include Regulatory University, Compliance Risk
Indicator (CRI) and Compliance Pal. These solutions currently support
approximately 1,500 clients. With this, FIS will offer financial institutions “Compliance Assistant” that provides financial institutions with compliance
assistance through a basic level of compliance staff training, advice
and regulatory reporting software; “Compliance Advisor” which provides financial institutions with a trusted
external compliance advisor for training and compliance
monitoring with annual independent reviews, consumer lending audits and
internal risk reporting and “Compliance Officer”, which performs many of the same functions as Compliance
Advisor plus Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and
enterprise-wide compliance risk assessment, compliance consulting,
vendor relationship management, annual HDMA reviews and training for
boards of directors.

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NBAD & MISYS

National Bank of Abu Dhabi will deploy the commercial lending solution, Misys Loan IQ, for its loan operations. NBAD, the UAE’s largest bank by market capitalisation, commissioned Misys to suggest a robust and scalable solution for its lending-related back-office operations. Misys Loan IQ currently processes over a third of international syndicated loans and more than a half of the world’s loan trades. Misys Loan IQ is used by leading global financial institutions to automate, optimise and develop their commercial lending business. Loan IQ will help NBAD to streamline workflows, increase loan processing efficiencies and reduce turnaround time. Misys Loan IQ covers Origination, Agency Servicing, Loan Trading, Accounting, Portfolio Management, Treasury, Collateral Management, Total Return Swaps, Bilateral Lending, and Reporting. The multi-currency and multi-branch capable solution features a proven scalable technology and provides comprehensive coverage for bilateral loans and highly structured syndicated deals. Loan IQ users have reported cost savings of up to 20 per cent through systems consolidation and reduced headcount.

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SynTel Offers Guidance For Reg E Compliance

Mailroom automation software provider SynTel LLC is helping financial
institutions meet mandatory Regulation E compliance by July 1. In order to be compliant with Regulation E, financial institutions must
print, mail and track notices to customers. SynTel, best known for
“AutoMail” mail automation software’s fast delivery and tracking, has
expanded its services to include Regulation E mailings. Banks and credit
unions concerned with staying in compliance, improving opt ins and
optimizing internal mailing resources have chosen to automate the process.
Financial institutions simply provide a mailing list, and SynTel’s
Regulation E solution completes the compliance requirements from
printing and mailing to reporting and confirmation. The solution
includes template notices of the rule to customers, giving them a
reasonable opportunity to affirmatively consent to overdraft protection
and respond via the SynTel-provided return envelope.

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Augme Technologies Appoints New CEO

Paul Arena has been appointed CEO and elected to the Company’s Board of Directors of Augme Technologies innovative smart mobile technology. During the past 28 years, Arena served in executive management positions for various outfits. From February 2002 to March 2010, Mr. Arena held various executive positions, including Chairman of the Board, CEO, and Principal Financial Officer, at Geos Communications; from May 2000 to present, he served as Chairman of the Board, CEO, President and owner of AIM Group; and was Chairman of the Board and CEO at Cereus Technology Partners.

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Discover Set to Announce 2Q/10 Fiscals

Discover Financial Services plans to report its 2Q/10 results before the market opens on Thursday, June 24. The earnings release will be available on Discover’s corporate website at www.investorrelations.discoverfinancial.com. A conference call to discuss the firm’s results, outlook and related matters will be held at 11 a.m. Eastern time. The general public is invited to listen to the call by dialing 866-730-5765 (U.S. domestic) or 857-350-1589 (international), passcode 62239166, or via a live audio webcast through the Investor Relations section of the website.

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OERLIKON

PVD sputter system provider Oerlikon Systems, has received a multiple tool
purchase order from the world’s largest semiconductor foundry for its
CLUSTERLINE 300II systems. These contracts augment recent orders
received from key semiconductor manufacturers in South Korea and Taiwan
for the same CLUSTERLINE 300mm systems aimed at the packaging market.
The growing success of the CLUSTERLINE 300II, a cluster tool
specifically designed for advanced packaging and backside metallization
(for wafer sizes up to 300mm), is due to key competitive advantages. The
quick qualification processes and better ‘cost of ownership’ parameters
back-up the ‘best in class’ technology claims made by Oerlikon support
teams. Partnership with DKSH Taiwan as additional success factor
Another important factor in the success of the CLUSTERLINE concerns the
local support teams. Since May 2009, DKSH Taiwan has managed all
marketing, sales and service activities for Oerlikon Systems in the
vital Taiwan market. The DKSH Taiwan team works closely together with
the Oerlikon product managers and development teams in order to provide
complete production solutions to existing and potential Oerlikon clients
in Taiwan.

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ACI and Opera Boost Fraud Analytics

ACI Worldwide’s customers can now access additional fraud models and professional
services from Opera Solutions LLC, a firm that develops and deploys
advanced predictive analytics. Opera Solutions is a world leader in applying advanced modeling
techniques, machine learning and new technologies to very large datasets
and thorny analytic problems. The company has more than 70
mathematicians, scientists, and statisticians in its three scientific
and technical Centers of Excellence in San Diego, Shanghai and New
Delhi. This alliance expands the risk management analytics offerings
available to ACI’s customers around the world. The models that result from ACI and Opera Solutions’ combined service
offering adaptively learn and use all available data to create powerful
predictions with a minimum of false positives. This is accomplished by
leveraging the full panoply of non-linear and multi-variable modeling
methods that are adaptive, flexible, and able to learn, including Matrix
Factorization, Restricted Boltzmann Machines (RBM), Neural Networks,
K-Nearest Neighbor (KNN), Compression Neural Networks, Hidden Markov
Models, and Clustering techniques. Together, ACI and Opera Solutions offer comprehensive solutions to help
card issuers, merchants, acquirers, payment processors and financial
institutions combat fraud schemes.

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Agilence POS Launches Integrated Loss Prevention

Agilence POS auditing has launched its “Hawkeye 4.0” retail loss prevention software suite. Hawkeye helps retailers quickly identify sales-reducing activities caused by operational and systemic issues, poor promotion execution, supply chain inefficiencies and associate fraud. It offers Automatic Sweetheart Detection (ASD) and the addition of Human On Transaction (HOT) technology. Using “Automatic Sweetheart Detection” (ASD) allows retailers to configure Hawkeye to run advanced queries to detect sweethearting activities – one of the most common types of employee theft that stems from unauthorized discounting of merchandise. Meanwhile, “Human On Transaction” (HOT) technology, Agilence’s software can also detect whether a customer is present during a transaction to help retailers identify valid non-scans while also pinpointing activities such as associate refund fraud and incorrect voids.

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GLOBALFOUNDRIES Releases SoC DFM Library

GLOBALFOUNDRIES has made available its silicon-validated solution to help customers
accelerate time-to-volume for complex SoC designs at 28nm and beyond.
Called DRC+, the technique goes beyond standard Design Rule Checking
(DRC) and uses two-dimensional shape-based pattern-matching to enable a
100-fold speed improvement in identifying complex manufacturing issues
without sacrificing accuracy. DRC+ augments and completes the overall DFM solution provided by
GLOBALFOUNDRIES, together with rule-based DFM verification and
model-based litho/etch and CMP simulators, which can identify new
yield-detracting patterns, as process conditions and design styles
change over time, during technology development. As the process matures,
DRC+ pattern-matching-based verification at the full-chip level can then
be used to achieve increasing performance improvements, at the highest
level of accuracy. By improving verification speed, DRC+ can have a
direct impact on the ability to rapidly ramp a product to volume and
accelerate time-to-market for customers. GLOBALFOUNDRIES full-service semiconductor foundry
has a truly global manufacturing and technology footprint.

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