ST. PETERSBURG, Fla. - (01/27/05) -- Cards processor Certegy Inc.Reported a 20% rise in fourth-quarter earnings to $37.1 million, or60 cents a share, compared to last year's fourth quarter, based onstrong growth in the company's card and check services operations.Fourth-quarter revenue rose 13% to $281.8 million, based on a 13%increase in card services revenues and a 14% increase in checkservices revenues. For the year, Certegy said revenues rose 13% to$1 billion, while net income climbed 21% to $111.8 million, or$1.75 a share. During the fourth quarter Certegy moved itscorporate headquarters from the Atlanta suburb of Alpharetta, Ga.,to St. Petersburg, Fla., where it already had a substantialpresence.
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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