New Card Issuance System UnveiledMINNETONKA, Minn.-Datacard Group introduced Datacard MX6000 card issuance system, a complete card-to-envelope solution that delivers full-color cards and highly personalized carriers on demand, starting from white card stock and blank paper. The system can print up to 1,500 unique cards per hour.For info: www.datacard.comAutoland Adds Four New ClientsCHATSWORTH, Calif.-Autoland, Inc., signed four CUs to use its car buying and trade-in services: Seattle Metropolitan CU and Verity CU, Seattle; SRI FCU, Menlo Park, Calif.; and Valley First CU, Modesto, Calif.For info: www.autoland.comSunmark FCU Signs With UsNetALBANY, N.Y.-Universal Sharing Network (UsNet) said Sunmark FCU has joined its shared branching network as an issuer and an acquirer.For info: www.universalsharing.comCity & County Joins Shared BranchingST. PAUL, Minn.-Minnesota brought its number of credit union service centers to 39 after City & County Credit Union added its four locations to shared branching.For info: www.cuservicecenters.comLending Insights Marks 75th CUONTARIO, Calif.-Lending Insights, providers of analytical tools and business intelligence solutions to the credit union industry, said its client base has grown in 2011 to include 75 credit unions.For info: www.lendinginsights.comCUES, JMFA Extend PartnershipMADISON, Wis.-The Credit Union Executives Society (CUES) announced an extension of its partnership with John M. Floyd & Associates Executive Search Group, a Baytown, Texas-based firm specializing in recruitment searches, outplacement services and succession planning.For info: www.cues.org/executivesearchCU Members Mortgage Signs 12 CUsDALLAS-CU Members Mortgage said 12 more CUs chose it as their new mortgage lending partner: Georgia Heritage FCU, Holy Family Memorial CU, LGE Community CU, Lincoln S.D.A. CU, National 1st CU, TCC CU, The Florist FCU, USX FCU, Utah Central CU, Victoria FCU, Wauna FCU. For info: www.cumembers.comCatalyst Offers NEV Reporting ToolsPLANO, Texas-Catalyst Corporate said Strategic Solution's NEV (Net Economic Value) reporting tools are being offered at no extra charge to credit unions that subscribe to the standard or comprehensive NEV Analysis Report. The Extreme Rate NEV Analysis provides credit unions with a long-term measurement of interest rate risk on their balance sheet as a result of a 400-500 basis point increase in interest rates, the company said.For info: www.catalystcorp.org
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As the CFPB reconsiders its open banking rule, banks and fintechs are locked in a bitter battle over who will pay for the new digital infrastructure.
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Hope Bancorp's acquisition of a business that serves Japanese companies should complement its historic focus on Korean business owners.
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The Department of Justice is seeking court approval to immediately fire more than 600 employees, slashing the CFPB's workforce by 53%.
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Australia's national Payments Systems Board has decided to remove surcharges on prepaid, debit and credit cards for electronic funds transfers, while lowering the cap on interchange fees. Also, Wells Fargo is seeking banks for its international payment network, and more in American Banker's global payments and fintech roundup.
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The exit highlights the steep challenges and high customer acquisition costs foreign fintechs face when entering the U.S. banking sector.
April 1 -
Federal Reserve Gov. Michael Barr said Wednesday that his dissents over the past year on proposed regulatory changes reflect concern that oversight of banks could be significantly weakened.
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