ENGLEWOOD, Colo. - (05/03/05) -- CardWizard, which sells a productthat enables small credit unions to instantly issue cards, is nowtargeting larger credit unions and banks. CardWizard manufacturessoftware and hardware that allow credit unions and banks toinstantly issue credit, debit, payroll, ATM and gift cards. Thecompany's software, which is connected to a financial institution'spersonal computer, can take blank card stock, emboss it to meetqualifications required by Visa and MasterCard requirements, andprovide a PIN number in one minute. Recently, the company enteredinto a pilot agreement with an unnamed regional bank that has 75branches. Five of the branches will employ CardWizard's technologyto instantly issue cards. The company said larger financialinstitutions are moving to instant issue because the servicedifferentiates them from the competition.
-
Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.
October 13 -
The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
October 10 -
Former City National CEO Kelly Coffey has a new venture in wealth management; Erin Siegfried is Northwest Bancshares' new chief legal counsel and corporate secretary; Flagstar Bank secures OCC approval to merge its holding company into the bank; and more in this week's banking news roundup.
October 10 -
The regional bank has launched a digital student banking center that's part of a broader strategy to focus on relationship-building.
October 10 -
The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.
October 10 -
An updated deposit insurance reform bill from Sens. Bill Hagerty, R-Tenn., and Angela Alsobrooks, D-Md., would raise deposit insurance for business accounts to $10 million, exclude the largest banks from coverage and insulate community banks from footing the bill.
October 10