MILWAUKEE - (10/01/04) -- Metavante Corp. continues itsacquisition binge with an agreement to acquire NuEdge Systems, aBrookfield, Wis., financial software and consulting firm, fromExperian, for $1.4 million in cash. The deal is the fifth so farthis year for Metavante, a wholly owned unit of bank holdingcompany Marshall & Ilsley. The president of NuEdge is DonaldLayden, former chief financial officer for Metavante. NuEdgespecializes in customer relationship management software. Earlierthis year Metavante acquired the NYCE Corp. electronic fundstransfer network; Advanced Financial Solutions (AFS) and itsEndpoint Exchange national check clearing network; the KirchmanCorp.; and Response Data Corp., a provider of credit cardtechnology.
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A bottleneck at the Small Business Administration in clearing federal small business loans because of the ongoing federal government shutdown is becoming an increasingly urgent issue for small and even some midsized banks.
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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.
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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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