Diebold Spurs United Technologies’s Offer

Diebold has unanimously rejected United Technologies’ unsolicited proposal to acquire Diebold. Recently, the full Diebold board completed a detailed strategic review of the company and its prospects. At least three times in the last month, including this week, the board met to discuss UTC’s interest in a potential business combination with the company. Given that Diebold has not filed financial statements since the company’s 10-Q for the quarter ended March 31st and that the company is working to become current in its filings with the SEC, the board believes that now is not the right time — and that it would not be in the best interests of the corporation or its shareholders — to pursue discussions with UTC.

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FBMC and TSYS Team for a Health Benefits Card

TSYS Healthcare has announced its “Fringe Benefits Management Company,” the first third-party administrator to offer its subscribers the ability to pay from multiple healthcare tax-advantaged accounts, credit accounts and cash accounts through a single card. FBMC and TSYS Healthcare signed an agreement in September 2007 and the implementation to TSYS’ new healthcare system was successfully completed in only four months.

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GE Money to Issue the Mattress Firm Card

GE Money and Mattress Firm have inked a multi-year agreement to provide consumer financing services. The Mattress Firm credit card program, issued through GE Money’s Sales Finance unit, is available through Mattress Firm’s 450 stores in 37 markets across the United States. The no-annual-fee “Mattress Firm” credit program provides various financing options that include EasyPay, a low fixed-interest program that makes financing affordable for consumers.

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FAIR ISSAC & ADEPTRA

Fair Issac and Adeptra credit risk management have signed agreements
for the integration of decision management solutions with fraud detection
and collections, respectively. With this development, clients can automate
customer contact capabilities, allowing for improvements in fraud
detection speed and collection service levels. Furthermore, with Fair
Isaac’s
“Falcon”, clients are allowed to automatically contact cardholders in the
event of a suspicious transaction. The nature of such transactions are
identified by “Falcon’s” neural network of predictive technologies, which
then implement immediate action to stop the fraudulent activity and
subsequent losses. The fraud and collection partnership will offer services
to Fair Isaac customers, effective immediately. The Fair Isaac Corporation
provides clients in 80 countries loyalty, profitability, fraud, credit
risk and
market share solutions while Adeptra contact center solutions provide
personalized dialogue and resolving issues to its clients’ customers.

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Barclaycard Hires Two U.S. Managers

Barclaycard U.S. has hired a new GM of partnerships and a Managing Director of Customer Care and Bank Operations. Scott Young, formerly with GE Consumer Finance, has been hired as a General Manager, Partnerships, leading the Strategic Alliances and Partner Management teams. Barclaycard also hired Tom Karinshak, formerly with AOL Time Warner, as Managing Director, Customer Care and Bank Operations. Karinshak will oversee customer satisfaction and loyalty, call center operations and working with Barclaycard US. Prior to GE, Young spent 12 years at MBNA (now Bank of America), where he held positions in marketing, business development, operations and risk and managed the Wachovia credit card partnership, one of MBNA’s largest partnership portfolios at the time. Barclaycard US currently has more than $6 billion in receivables, over 4 million accounts and over 60 co-branded partnerships.

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CyberSource Intros Intelligent Review Technology

CyberSource announced Intelligent Review Technology as part of its risk management solutions for eCommerce merchants. New features of its enterprise-class case management system push automation beyond the initial order screening process and into secondary review cycles so that online sellers can more easily accommodate growth. Also, physical device fingerprinting has been added to the management portal’s set of 150+ integrated fraud detectors. A single connection to CyberSource brings merchants to the CyberSource global fraud portal, “Decision Manager,” which begins the fraud detection process. The system can automatically apply over 150 global validation tests against the inbound orders and, per merchant-defined rules, automatically make a decision to accept, reject or mark the orders for further review.

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Intuit Completes the ECHO Acquisition

Intuit has completed its acquisition of Electronic Clearing House. The total purchase price was approximately $131 million. With the close of this transaction, ECHO’s business becomes a part of Intuit’s Payroll and Payments business segment. The integration of ECHO’s technology and operational assets is expected to help accelerate Intuit’s growth and strengthen its expanding small business ecosystem that includes the fast-growing payments segment. ECHO’s products and services will be available on a standalone basis and as part of Intuit’s small business financial services portfolio.

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Accertify and ID Insight Partner

Accertify and ID Insight announced a partnership to help Web retailers reduce fraud losses and identify transactions involving identity theft. Under the partnership, Accertify will provide ID Insight’s “AddressWatch” and “Safe2Ship” as a part of its Interceptas solution to help merchants detect cases of credit-card account takeover linked to fraudulent changes of address. Interceptas is the first integrated platform designed from the merchants’ perspective for combating card-not-present fraud, enabling the complete fraud prevention process to be managed with one comprehensive and highly flexible solution.

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Wright Express Completes Pacific Pride Deal

ME-based Wright Express has completed the acquisition of certain assets of privately held Pacific Pride Services for approximately $32 million. Pacific Pride’s franchise network encompasses more than 330 independent fuel franchisees who issue their own Pacific Pride commercial fueling cards to fleet customers. These cards provide access to fuel at more than 1,000 Pacific Pride and strategic partner locations in the U.S. and Canada. The Pacific Pride network of franchisee fueling sites processes approximately 32 million fleet card transactions annually and generates approximately 80% of its revenue from transaction fees.

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NETSPEND & PROCESA

The NetSpend Corporation has signed collaborative agreements with
Procesa International to provide its customers with a secure payments
solution and mobile minutes overseas. The payment solution allows
users to pay bills of various kinds and add minutes to cell phones of
loved ones living in South, Central and Latin America thanks, in part, to
relations with Procesa-Mexico. Procesa-Mexico bill payments processor
processes over 12 million transactions on a monthly basis providing
direct, cross-border top-up and prepaid services for Latin American
consumers while the NetSpend Corporation provides prepaid debit
cards for the under-banked.

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