Deals of the Month

First Data

First Data Enterprises sealed a 10-year deal with Wells Fargo to process the banks credit and debit card portfolios.

Citibank

Citi agreed to buy AT&T's Universal Card Services for $3.5 billion in cash.

Destiny Software

HNC Software and Destiny formed a strategic alliance to deliver real- time Internet credit decisioning products for financial services.

Verifone

Nortel will incorporate VeriFone VeriSmart client/ server technology into its screen phones. Rollout is expected in mid-1998.

Diebold

Diebold will buy back IBM's 30 percent stake in Interbold for less than $20 million, ending a seven-year partnership.

MondeX

Hong Kong Bank installed Syntellect's Mondex smart card technology, part of the world's largest Mondex pilot with more than 50,000 cards issued in Hong Kong.

NEC

VeriFone and NEC will develop and market SET payments products in Japan. Sumitomo Credit will be the first to deploy.

Infinity

Infinity Financial Technology licensed its Infinity 7 suite of enterprise trading and risk management applications to Donaldson, Lufkin & Jenrette.

PC DOCS

The document and information management company will acquire Fulcrum Technologies, a software solutions company.

Bank of America

Mr.Payroll, The Kroger Company and BofA will install three facial biometric check cashing machines in the Dallas area.