VIRGINIA BEACH, Va. - (03/17/05) -- Beach Municipal FCU said it hasadded Fiserv's credit processing solution to the ATM and debit cardprocessing services it already used from Fiserv. The expandedagreement creates a combined debit and credit processing solutionthat will allow the $95 million credit union to consolidate itscard programs with a single-source provider. The solution offers heability to stop and start credit promotions automatically, updatestatement messages in real time, offer consumers real productchoices without special programming, automate the general ledgerwith updated reporting received every day, offer flexible billingcycles, and enable variable-rate programs.
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Sens. Ed Markey and Ron Wyden argue that the Small Business Administration neglected to warn small firms of the risks of merchant cash advances and closed off a key "escape route" from the resulting debts.
May 15 -
In a move seen to bolster his 2028 presidential run, California Governor Gavin Newsom named Rohit Chopra, the former director of the Consumer Financial Protection Bureau, to lead a new oversight agency; a Pine Bluff, Arkansas, bank employee was sentenced to 36 months in federal prison for bank theft; a Fairfax, Virginia, security administrator has been charged with allegedly stealing more than $6.6 million from his employer; and more in this week's banking news roundup.
May 15 -
New Federal Reserve stats show most consumers carry and store paper money, even as digital payments become mainstream.
May 15 -
The Mississippi lender's pending acquisition of OFB Bancshares, the parent company of One Florida Bank, offers an entry point into the fast-growing Orlando market.
May 15 -
At some banks, executives are overpromising results and putting tremendous pressure on tech teams, leading to a range of problems.
May 15 -
Fund managers are seeking to change the way banks think about Community Reinvestment Act investing.
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