Penthouse International Inc., New York, the adult magazine publisher, said it had acquired Internet Billing Co. from InterCept Inc., Norcross, Ga., a provider of data processing services, for $23.5 million.
If it should be found, for example, that data processing services cannot be sold in an economically feasible manner without manufacturing data processing hardware; and if the banks' profits from the latter should exceed their profits from the former; surely the provision of data processing services would be incidental to hardware manufacture rather than vice-versa.
It offers a full array of data processing services, from help desk to system design.
LPS became a publicly traded company in June 2008 after it was spun off from Fidelity National Information Services, a provider of data processing services to banks.
ASSOCIATION OF DATA PROCESSING SERVICE ORGANIZATIONS, INC., et al., Petitioners, v. William B. CAMP, Comptroller of the Currency of the United States, et al. Bert M. Gross, for petitioners.
The Onex Corporation said yesterday that it had agreed to acquire LCS Industries, a provider of data-processing services for marketing and telecommunications companies, for $97.3 million in cash.
Thanks to DataKind the charity was able to rejig the system to take more account of urgency and to direct requests to the most responsive doctors.Thomas Levine, a data scientist at ScraperWiki, a provider of data-processing services, says he has attended DataKind events out of altruism but also for education.
Perhaps more significantly, such a list may discourage the development by national banks of new data processing services which, although part of the business of banking, are not on a list of permitted activities or similar in nature to those in a set of examples of permitted activities.
We must confront, therefore, the stark question whether the data test, as the determinant of whether data processing services are closely related to banking, is arbitrary or capricious.
The reason, apparently, is that with the exception of the provision of economic data (discussed later in this opinion) the evidence in the present proceeding focused upon the technological means of delivering data processing services, rather than upon the subjects those services covered.
The Board acknowledged that the sale of general purpose hardware "is not itself an activity that is closely related to banking," but found that with the limitations the Board imposed it would be permissible as "incidental" to the provision of permissible data processing services, Citicorp Order, 68 Fed.Res.Bull.Bull
