Global Cash Access, U.S. Bank, and Fidelity National Information Services Announce Legal Settlement.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Global Cash Access, Inc. Certegy Check Services and Game Financial Corporation, divisions of Fidelity National Information Services Fidelity National Information Services, also known as FNIS or FIS, is a public corporation formed on February 1, 2006 when Certegy Inc. merged with Fidelity Information Services, a subsidiary of Fidelity National Financial. , and U.S. Bank, NA and its subsidiary Ultron, Inc. announced that they have settled all ongoing litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. between them, effective August 31, 2006. All parties to the litigation will immediately dismiss, withdraw or terminate with prejudice all pending litigation between them. Global Cash Access had initiated litigation in the United States District Court for the District of Nevada The United States District Court for the District of Nevada is the Federal district court whose jurisdiction is the state of Nevada. The court has locations in Las Vegas and Reno. in which it alleged that the Fidelity National divisions and U.S. Bank and Ultron were infringing U.S. Patent 6,081,792, which generally relates to using an ATM as both an ATM and a Point of Sale terminal for some users. The defendants had counterclaimed, asserting that Global Cash Access had engaged in unfair trade practices and that its patents were not enforceable. All parties denied liability to one another. The parties have entered into a Settlement and Patent License Agreement and Release. Under the Agreement, no party is obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to pay any money to any other party to resolve the claims or counterclaims against it. The other terms of the Agreement are confidential. About Global Cash Access, Inc. Las Vegas-based Global Cash Access, Inc., a wholly-owned subsidiary of Global Cash Access Holdings, Inc. (NYSE NYSE See: New York Stock Exchange :GCA GCA, ground-controlled approach: see instrument-landing system. ), is a leading provider of cash access products and related services to approximately 960 gaming properties and other clients in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Continental Europe, the United Kingdom, Canada and the Caribbean. GCA's products and services provide gaming establishment patrons access to cash through a variety of methods, including ATM cash withdrawals, point-of-sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. transactions, credit card cash advances, check verification and warranty services and Western Union money transfers. GCA provides products and services that improve credit decision-making, automate cashier operations and enhance patron marketing activities for gaming establishments. With its proprietary database of gaming patron credit history and transaction data on millions of gaming patrons worldwide, GCA is recognized for successfully developing and deploying technological innovations that increase client profitability, operational efficiency and customer loyalty. More information is available at GCA's Web site at www.globalcashaccess.com. About Fidelity National Information Services, Inc. Fidelity National Information Services, Inc. (NYSE:FIS FIS n abbr (BRIT) (= Family Income Supplement) → ayuda estatal familiar ) is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders, real estate professionals and the gaming industry. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top ten. Nearly 50 percent of all U.S. residential mortgages are processed using FIS software. Headquartered in Jacksonville, Florida, FIS maintains a strong global presence, serving over 7,800 financial institutions and over 100,000 retailers in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com. FIS is a majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. of Fidelity National Financial Inc. (NYSE:FNF FNF Fidelity National Financial FNF File Not Found FNF Friedrich Naumann Foundation FNF Forgiven, Not Forgotten FnF Frags'n'fries (Battlefield gaming clan) FNF Fastest Node First (algorithm) ), number 261 on the Fortune 500. More information about FNF can be found at www.fnf.com. About U.S. Bank U.S. Bank, N.A. is subsidiary of Minneapolis-based U.S. Bancorp ("USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. "), with $213 billion in assets, is the 6th largest financial holding company in the United States. The Company operates 2,434 banking offices and 4,966 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com. Forward-Looking Statements The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Such forward-looking statements include, but are not limited to, any statement or implication that the gaming establishments named in this press release will continue to use the products or services described in this press release. Such forward-looking statements involve risks and uncertainties that, if realized, could materially impair Fidelity National Information Services, U.S. Bancorp, and/or Global Cash Access Holdings, Inc.'s results of operations, business, and financial condition. These risks and uncertainties include, but are not limited to, (a) the termination of one or more of the contracts with gaming establishments described in this press release, and (b) the factors discussed from time to time in reports filed by Fidelity National Information Services, U.S. Bancorp, and/or Global Cash Access Holdings, Inc. with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof, and Fidelity National Information Services, U.S. Bancorp, and/or Global Cash Access Holdings, Inc. do not intend, and undertake no obligation to, update or qualify any of the forward-looking statements made herein. |
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