University of Illinois Employees CUDeploys ExpenseMark Procurement System

July 22, 2005, 1:00 a.m. EDT 1 Min Read

CHAMPAIGN, Ill. - (07/22/05) -- University of Illinois Employees CUsaid it has implemented BSG Financial's ExpenseMark, a sourcing andprocurement service that identifies and presents opportunities toreduce expenses, while increasing productivity and quality. The$140 million credit union first used the service for an analysis ofits debit card transactions and processing and now plans to expandits use evaluate its consumer checks and official checks. Privatelyowned BSG Financial is based in Louisville, Ky.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Federal Reserve

Fed points to market froth as leading stability risk

In its latest financial stability report, the Federal Reserve found that asset valuations continue to be elevated and leverage levels remain high, especially among nonbanks like hedge funds and insurance firms.

By Maria Volkova

November 7
Stablecoin

Fed's Miran: Stablecoin uptake bolsters case for rate cuts

Federal Reserve Board Gov. Stephen Miran said the growth of stablecoins and cryptocurrencies will likely impact monetary policy and could lead to lower interest rates.

By Kate Berry

November 7
Commercial banking

Santander launches portal for U.S. businesses going global

The Spanish bank says it can connect small and medium-size U.S. businesses with local market experts on its newly launched digital platform Navigator Global.

By Melinda Huspen

November 7
PNC Financial Services Group

PNC boosts branch investment to $2B, plays down more M&A

The Pittsburgh-based bank said Friday that it will focus on building 300 branches in high-growth markets by 2030. It also minimized the prospects for another acquisition on the heels of its recent deal for Colorado-based FirstBank.

By Catherine Leffert

November 7
Buy now pay later

Affirm 'firing on all cylinders' with earnings beat

Consumers' and merchants' penchant for 0% loans are boosting the buy now/pay later lender in its first fiscal quarter ended Sept. 30, as gross merchandise volume hit a record.

By Joey Pizzolato

November 7
Industry News

Activist investor drops recent proxy battle threats

HoldCo Asset Management drops its pursuit of proxy battles with Columbia Banking System and First Interstate; Cape Cod's Mutual Bancorp prepares to acquire Bluestone Bank; Servbank HoldCo announces plans to acquire IF Bancorp; and more in this week's banking news roundup.

By Editorial Staff

November 7