RICHARDSON, Texas - (02/10/06) Start-up Intrusion Inc., themaker of the Compliance Commander fraud protection system, said netlosses for its fourth quarter widened slightly to $900,000, form$800,000, for the fourth quarter in 2004, but fiscal year lossesnarrowed to $3.3 million, compared to 44.6 million the year before.The company reported fourth quarter revenue of $1.1 million, downfrom $2 million in the fourth quarter in 2004, and fiscal yearrevenue of $6 million, the same as the year before. Intrusion CEOG. Ward Paxton said the company is disappointed by the fourthquarter results but optimistic in that it has 83 orders worth $2.5million in revenue pending form credit unions and banks forCompliance Commander. The majority of Intrusion's revenue in thefourth quarter came from the company's other two product lines:TraceCop Entity Identification Systems and SecureNet IntrusionPrevention/Detection Systems. The majority of revenue from thesetwo products resulted from sales to the U.S. Government.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
October 31 -
A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
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New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup.
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Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
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