HNC Software Inc. said Barclays Merchant Services has signed a seven-year agreement to use the San Diego firm's Eagle merchant risk management system.

The division of Barclays Bank, London, plans to use HNC's neural network technology in the management of merchant accounts, particularly the data analyses involved in audits and chargeback investigations.

Barclays Merchant Services in Northampton, England, processes the equivalent of $48 billion annually on 742 million transactions for 125,000 merchants.

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