CALABASAS, Calif. - (04/27/05) -- Digital Insight Corp. said Tuesdaynet income for its first quarter soared 38% to $5.7 million, or 16cents a share, driven by a strong 18% rise in Internet bankingrevenue. Total revenues rose 13% for the first quarter, to $51.7million, compared to the same period last year. Business bankingrevenues climbed 8%, while lending revenues slumped 20%, due mainlyto client attrition. The company remained in a strong cashposition, with no debt and announced another $25 million stockrepurchase plan. DI completed a previous $25 million stockrepurchase in the fourth quarter last year, buying back 1.3 millionshares at an average price of $16.64 each.
-
A bill on reciprocal deposits passed the committee unanimously, while another measure on custodial deposits passed by a wide, bipartisan margin.
2h ago -
The payment company has made a series of moves to bolster its stablecoin and other coins to build a market for digital assets. Its Links feature adds to the strategy.
3h ago -
Google has launched its Agent Payments Protocol, an open protocol that establishes a payment-agnostic framework for users, merchants and payments in agentic AI. Payment companies such as Adyen, American Express, Mastercard and PayPal helped develop the protocol.
3h ago -
Prosecutors say Daryl Heller lured 2,700 investors with promises of safe ATM profits but misappropriated $185 million.
4h ago -
The companies have signed a new data-sharing agreement that includes an undisclosed pricing structure. Plaid said it will not pass the new costs on to its clients.
5h ago -
A group of Democratic Senators led by Elizabeth Warren, D-Mass., urged regulators to keep the 2023 Community Reinvestment Act overhaul, saying the rule was carefully crafted with bipartisan input.
5h ago