Fiserv Inc. has agreed to acquire Central Service Corp., a Greensboro,
Financial terms of the deal were not disclosed. Central Service handles
The acquisition is part of a consolidation of the bank outsourcing
Fiserv has closed deals for 67 companies since 1984. George D. Dalton,
"Until recently Fiserv has had a limited presence in the Carolinas," Mr.
Mr. Dalton noted that Central Service uses Dollar System software from
Central Service has operations in Greensboro and in Newbury, S.C.
The top five banks and thrifts have combined total assets of nearly $13 trillion.
Brendon Falconer, finance chief of the Indiana company since 2019, faces felony child molestation charges. But CEO James Ryan says management is focused on the CapStar integration and organic growth.
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Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.
A new Citizens Bank survey suggests rising check-fraud incidents are driving middle-market companies to accelerate plans to fully adopt digital payments. But 70% of all businesses will continue to rely on checks for years to come, according to recent data from the Association for Financial Professionals.
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