MONETT, Mo. - (10/20/04) -- Credit union outsourcer Jack Henry& Associates reported Tuesday that earnings for its fiscalfirst quarter ended September 30 rose 20% to $16.7 million, or 18cents a share, fuelded by a 22% surge in revenues. Revenues for thecompany's core credit union and bank services unit rose 9% to $99.8million for the quarter, including a 15% increase in revenues fromin-house support fees, ATM/Debit card and switching fees andoutsourcing. Licensing revenue soared by 51% to $19.6 million forthe first quarter. Hardware sales slumped 11% during the period to$21 million.
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The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
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GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
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As banks consider their strategies, other big names are also considering a role for digital assets.
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The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
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Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
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