Omaha-based Transaction Systems Architects said yesterday it will conduct a re-audit of fiscal years 1999, 2000 and 2001 following concerns over several transactions involving one of the Company’s customers that may not have been accounted for appropriately. The transactions with the customer primarily involved two software license agreements, a distribution agreement and investment in the customer’s common stock and warrants. The transactions that occurred in the second quarter of fiscal 1999 resulted in revenues of approximately $4.4 and the transaction that occurred during the second quarter of fiscal 2000 resulted in revenues of approximately $4.3 million. TSAI says revenue from this customer is not expected to be material to the Company’s future operations. The Company also made investments in the aggregate amount of $11.7 million in the publicly traded common stock of the customer during fiscal 1999 and 2000. The Company sold approximately $2.8 million of this common stock during fiscal 2000 that resulted in a profit of approximately $1.2 million. The price of the customer’s common stock declined significantly during late 2000 and declined further in 2001, and the Company recorded a non-cash charge to earnings of approximately $8.1 million and $900,000 in the fiscal quarters ended December 31, 2000 and September 30, 2001. For complete details on TSAI’s latest performance visit CardData ([www.carddata.com]).