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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The digital asset company, currently partnered with firms like Morgan Stanley and One Pay, is seeking its own national trust bank charter from the OCC.
March 6 -
Industry stakeholders say the Federal Reserve's renewed focus on reforming the discount window — the central bank's 'lender of last resort' facility — is welcome. But replacing the system with one that works better is easier said than done.
March 6 -
Cybercriminals say they stole sensitive records by exploiting an unpatched vulnerability known as React2Shell and using the password Lexis1234.
March 6 -
The Phoenix-based bank said that affiliates of Jefferies had stayed current on the loan agreement until last week. The suit is the latest example of private credit-related problems at banks.
March 6 -
JPMorganChase's Alfredo Porretti has left the firm; two junior Goldman Sachs bankers took part in a controversial fashion shoot; Societe Generale appointed Selina Cheung head of equity capital markets in Asia Pacific; and more in this week's banking news roundup.
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Chief economists at large and regional banks predicted ongoing inflation, in part because of the anticipated surge in oil prices as a result of the Iran war. The forecast from the American Bankers Association's Economic Advisory Committee did not account for the disappointing U.S. jobs report on Friday.
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