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Diebold reports 3Q financials

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NORTH CANTON, Ohio (11/5/09)--ATM manufacturer Diebold reported its third quarter income from continuing operations at $24.5 million, or 37 cents per share--down 49% from third quarter 2008. Third quarter revenue was $645.2 million, which is 26% less than third quarter 2008. Nine-month year-to-date 2009 income from continuing operations attributable to Diebold, net of tax, was $65.2 million, or 98 cents per share. That is a drop of 28% from the same period last year. Nine-month year-to-date 2009 revenue totaled $1.99 million, down 13% from 2008. Non-generally accepted accounting principles (GAAP) earnings per share from continuing operations attributable to Diebold, net of tax, in the third quarter 2009 were 39 cents, down 67% from third quarter 2008. Nine-month year-to-date 2009 non-GAAP earnings per share accounted $1.36, a decrease of 40% from the same period in 2008. All results from operations reported, including prior periods, reflect Premier Election Solutions as a discontinued operation.

Agility Recovery Solutions offers free H1N1 webinar

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CHARLOTTE, N.C. (11/5/09)--Agility Recovery Solutions is offering a free webinar for credit unions to help them prepare for a potential pandemic of H1N1, also known as swine flu. The webinar will take place Nov. 18. at 2 p.m. EST. Dr. William Lang, former associate chief medical officer at the Department of Homeland Security, will provide attendees with steps they can take to prepare for a possible pandemic. President Barack Obama has declared H1N1, a national emergency. The Center for Disease Control reports flu activity is widespread in 46 states, Agility said in a release. Agility is a CUNA Strategic Service provider.

SW Corporate paper addresses remote deposit

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PLANO, Texas (11/5/09)--Remote deposit has benefited credit unions because of operational efficiencies and cost reductions, according to a new white paper from Southwest Corporate in Plano, Texas. The paper, “Five Years Later: A Perspective on Check 21 and the Remote Deposit Industry,” explores the changes that have taken place in the remote deposit industry and their effect on credit unions. Remote deposit was made possible after the Check Clearing for the 21st Century Act, Check 21, became effective in 2004. Check 21 authorized financial institutions to create a legal equivalent, or substitute check, printed from electronic images of the original check. As a result, financial institutions can exchange images of checks with other financial institutions without physically transporting the checks. The paper notes efforts by early credit union adopters of remote deposit. For instance, Digital FCU, Marlborough, Md., enrolled 3,000 users in the first week and saw figures surge to 16,000 users in the first five months of using remote deposit, the paper said. Southwest Corporate offers credit unions Branch Capture and Teller Capture. Brad Ganey, Southwest Corporate senior vice president of payment services, encouraged credit unions to do their homework when choosing remote deposit products. “It’s important that 11th-hour decisions are not made in a vacuum,” he said. “We’ve seen decisions made too quickly because the Fed was closing the site nearest to the credit union, or a service provider told the credit union it was not going to service paper anymore. “Credit unions need to talk strategically about how a product fits into their long-term plan. Is this a product that offers the ability to attach other applications to it in the future or will it have to be thrown away later? Can the credit union use the same channel to deploy multiple applications?” Ganey said. The paper concluded that the future will further push remote deposit toward credit unions and members. “Many benefits are available to credit unions that perform their due diligence and launch them with proper planning and appropriate safeguards,” the paper said. “The industry has come a long way in five years, and evidence suggests the next five will evolve just as quickly.”