Instant card issuance company Dynamic Card Solutions is expanding its software and services from the financial institution branch to the retail outlet, in supporting a new solution for instant-issue of VISA and MasterCard co-branded credit cards at select partner stores. The new service allows banks and credit union to increase marketing of affinity cards at store locations to both new and existing customers; quick-turn interchange revenue; and activation rates for card applications. DCS plans to set up kiosk or member-service areas in store or franchise locations and use DCS’ Cardwizard software and in-store embosser through which consumers can receive cards on the initial visit. DCS’ CardWizard software is currently being used by hundreds of financial institutions in North America for in-branch instant issuance of ATM, debit, credit and prepaid cards.
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Bankruptcy filings rose 11.9% during the past 12 months, according to statistics from the Administrative Office of the U.S. Courts; JPMorganChase named Jerry Lee and Nick Richitt as global co-heads of health care investment banking; Goldman Sachs appointed Akila Raman as global head of its private and alternatives capital markets business; and more in this week's banking news roundup.
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The all-cash, 750 million euro deal to buy Talon.One marks a notable shift from the fintech's M&A strategy that has historically favored build versus buy.
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The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
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The Federal Deposit Insurance Corp., Federal Reserve and Office of the Comptroller of the Currency Thursday finalized a rule lowering the community bank leverage ratio from 9% to 8% as well as extending compliance deadlines.
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U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
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