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.
-
The Saginaw, Michigan-based credit union brought its credit card program back in-house to capture more member spending and gain added control over customer relationships. Previously, its credit card program was managed by a third-party vendor.
1h ago -
Megan Ryan joins American Banker from the Chicago Fed, bringing insights on the payments industry exclusively for subscribers.
1h ago -
The New York-based bank, which serves plaintiff law firms, agreed to pay $348 million for a Windy City community bank.
March 12 -
A New York state bill would reduce the barrier for minority-bank and community-bank participation in the state's long-standing Banking Development District program.
March 12 -
A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
March 12 -
The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
March 12









