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Calif.Nevada leagues and FTSI to offer RiskWatch services

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ONTARIO, Calif. (4/28/10)--California and Nevada credit unions can receive assistance in information technology (IT) security risk management through a new partnership with the California and Nevada Credit Union Leagues and FTSI, provider of RiskWatch Services. FTSI is a California-based financial technology services company and offers training, consultations, and software from RiskWatch, a Maryland-based provider of risk assessment software. “RiskWatch will greatly help our member credit unions become compliant with National Credit Union Administration (NCUA) regulations, IT risk assessments, red flags assessments, Bank Security Act risk assessments, as well as compliance with the Gramm-Leach-Bliley Act,” said Sylvia Fath, league senior vice president of business services. RiskWatch helps credit union management demonstrate compliance with existing requirements and prepares the risk assessment required annually by NCUA, added Susan Napier, founder/CEO of FTSI. The California and Nevada leagues announced the partnership in a press release Monday.

Diebold exceeds expectations for first quarter

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NORTH CANTON, Ohio (4/28/10)--Diebold reported first quarter 2010 income from continuing operations at $24.9 million, or $0.37 per share. The amounts are both up 185% from the first quarter of 2009. First quarter 2010 revenue was $619 million, down 6% from the same quarter in 2009, Diebold said in a release. “During the first quarter, we delivered solid results despite a challenging comparison to the same period last year, during which the effects of the global recession had yet to impact our results,” said Thomas W. Swidarski, Diebold president/CEO. “We exceeded our internal expectations during the quarter, as some business closed sooner than expected and we benefited from a more profitable segment mix.” The company is more confident in its full-year outlook and is continuing to focus on emerging solutions and building its infrastructure in key growth markets worldwide, he added. Other items Diebold noted were:
* Global products and services orders decreased 9% compared with the prior-year period; * Global financial self-service orders decreased 10% against first quarter 2009 after a growth of 40% in fourth quarter 2009; * Total gross margin for first quarter 2010 was 25.5%, an increase of 2.3 percentage points from first quarter 2009; * Total operating expense as a percentage of revenue for the first quarter 2010 was 19%; and * Operating profit was 6.6% of net sales in first quarter 2010, a decrease of 0.2 percentage points from first quarter 2009.