Transaction Systems Architects reported revenue for the first three months of this year of $69.3 million, a 3% decline over the year-ago quarter. However net income declined 41%, from $6.8 million to $4.0 million during the same period. During the quarter, ACI Worldwide, the Company’s largest business unit signed a U.S. based card processor for its “BASE24-es” and “ACI Payments Manager”. Also, a top 500 financial institution in Spain selected “ACI Proactive Risk Manager” for debit card fraud and a financial institution in Turkey selected “ACI Proactive Risk Manager” for credit card and merchant fraud. The Company completed the second quarter of fiscal 2003 with $233.1 million in backlog, consisting of $162.4 million in recurring revenue backlog and $70.7 million in non-recurring revenue backlog. For complete details on TSAI’s 1Q/03 performance visit CardData ([www.carddata.com]).