HOUSTON - (08/16/05) -- FSV Payment Systems said it hassigned with Meta Payment Systems to offer a turnkey gift cardprogram to financial institutions. The GiftIT program allowsfinancial institutions to sell loadable Visa and MasterCard brandeddebit cards to their customers for year-round gift-giving. MPS willprovide the implementation, which can be completed within twoweeks, and the core processing. FSV also markets its GiftIT throughFiserv, a separate company.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
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Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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