Ukash, a United Kingdom-based firm that sells prepaid vouchers for online shopping, announced Monday it has introduced its products in China. Consumers in China can order the vouchers online Ukash says in a statement. Consumers then can use the vouchers for online transactions. The vouchers have unique 19-digit codes consumers enter on Web sites during online transactions. Ukash and other firms offering similar vouchers sell them to consumers who prefer not to use cards for online purchases or who cannot use cards. Ukash already distributes its vouchers in such Asia-Pacific countries as Australia and New Zealand (CardLine Global, 22 July). Consumers in 26 countries now can purchase Ukash vouchers, the firm says.
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A portfolio review initiated by BCB Bancorp's new CEO, Tom O'Brien, led to a spike in nonaccrual loans at the Bayonne, New Jersey-based bank.
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RIA owners may feel a "moral dilemma" when considering selling their firms to private equity-backed acquirers. But that didn't prevent PE involvement from reaching a record high in M&A deals in the second quarter.
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The deal bolsters Zions' ability to serve multifamily customers and creates a natural extension of its affordable housing lending program, management said.
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The card network is buying behavioral fraud detection already running at three of the four largest U.S. banks, including Wells Fargo.
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Trust protectors can help protect against irresponsible trustees and other dicey situations that could put grantors' wishes at risk, estate lawyers say.
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In a webinar last week, Humanity Labs CEO Andrei Pop discussed "the transformative power" he said Mariner's new AI workforce will bring to the firm.
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