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Management Strategies

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Big Deals

Wachovia Renews Deal

Wachovia Corp. (Raleigh, N.C.) renewed its deal with Fidelity Information Services (Jacksonville, Fla.), a division of Fidelity National Financial. FIS will continue to provide Wachovia and its subsidiaries, Home Equity Servicing Corp. and Wachovia Mortgage Corp., with software and services for their prime and subprime mortgage loans portfolio.

Columbia Picks PCS

Columbia Bank (Tacoma, Wash.) chose the Vision system from Precision Computer Systems (Sioux Falls, S.D.) to replace its current core banking solution.

VyStar Taps TWS

VyStar Credit Union (Jacksonville, Fla.) selected several TWS (Clearwater, Fla.) IMAGECENTER modules, including Alertmanager, a real-time fraud prevention solution, and Omega, a Microsoft .NET-based ATM deposit management solution.

Harland Acquisition

Harland Financial Solutions, a wholly owned subsidiary of John H. Harland Co. (Atlanta), acquired Fair Isaac Corp.'s core processing business, based in Heathrow, Fla.

Jack Henry Buys Optinfo

Jack Henry & Associates (Monett, Mo.) purchased Optinfo (Charlotte, N.C.), a provider of software and services that help financial institutions mitigate the risks associated with financial and operational data.

JPMorgan/Korea First

Through its backup servicing business alliance with Korea First Bank (Seoul), JPMorgan Chase & Co. (New York) signed a credit card receivables securitization deal with the Samsung Card Co. JPMorgan is the first foreign bank to provide backup servicing in Korea.

Sydbank Gets SmartStream

Sydbank (Copenhagen) selected SmartStream Technologies' (London) TLM Corporate Actions solution to automate corporate actions processing and allow expansion of its customer base and transaction volumes without increasing staff.

Regions Selects Demos

Regions Financial Corp. (Birmingham) expanded its license to use Demos Solutions' (Norwell, Mass.) Staff-Smart workforce management software to cover its 1,400 Regions Bank and Union Planters Bank offices.

Bantek/Wilson Merge

Bantek West (Denver), a provider of integrated services for ATMs and other banking equipment, merged with The Wilson Group (Farmington Hills, Mich.), an independent ATM, desktop workstation and OEM maintenance company. Wilson will operate as an independent, wholly owned subsidiary of Bantek.

Fifth Third Picks March

Fifth Third Bank (Cincinnati) selected March Networks (Ottawa, Ontario) digital video recorders (DVRs) and Enterprise Management Suite software for a multisite, IP-network safety and security installation.

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