RICHARDSON, Texas - (02/10/06) Start-up Intrusion Inc., themaker of the Compliance Commander fraud protection system, said netlosses for its fourth quarter widened slightly to $900,000, form$800,000, for the fourth quarter in 2004, but fiscal year lossesnarrowed to $3.3 million, compared to 44.6 million the year before.The company reported fourth quarter revenue of $1.1 million, downfrom $2 million in the fourth quarter in 2004, and fiscal yearrevenue of $6 million, the same as the year before. Intrusion CEOG. Ward Paxton said the company is disappointed by the fourthquarter results but optimistic in that it has 83 orders worth $2.5million in revenue pending form credit unions and banks forCompliance Commander. The majority of Intrusion's revenue in thefourth quarter came from the company's other two product lines:TraceCop Entity Identification Systems and SecureNet IntrusionPrevention/Detection Systems. The majority of revenue from thesetwo products resulted from sales to the U.S. Government.
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The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
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American Banker data finds that a majority of executives investing in technology expect payments enhancements in the immediate future as well as further out.
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American Banker is accepting applications for the Best Banks to Work For program. The annual ranking, which is now in its 14th year, is a showcase of banks that prioritize strong employee engagement, a positive corporate culture and plenty of employee support.
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