MONETT, Mo. - (01/06/05) -- Credit union outsourcer Jack Henry& Associates continued its acquisition binge with an agreementto acquire RPM Inteligence LLC, a provider of profitabilitysoftware doing business as Stratika. Minneapolis-based Stratika'sflagship product, RPM, helps financial institutions increaserevenues, contain costs and improve profits by calculatingprofitability from individual product and customer levels to theinstitutional level. Terms of the deal were not disclosed. It wasthe night acquisition for Jack Henry over the past year.
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The international bank software company divested the remainder of its bank core software after selling off its Phoenix core system earlier this month.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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New York State's attorney general has reached settlements with the two banks, which will pay a combined $90,000 in penalties in connection with alleged violations of rent stabilization laws.
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The payment company is expanding the Afterpay buy now/pay later network and offering a Cash App mobile plan as it tries to draw consumers from legacy financial institutions and rival payment firms.
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Senators from both parties criticized banks over overdraft fees, though populist Republicans and their more establishment conservative colleagues were split over whether blame for the problem lies with banks conduct or the consumers.
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