Dynamic Card Solutions, which developed the CardWizard technology that enables banks to instantly issue unembossed credit and debit cards at branches, today announced it is offering Collis B.V.'s EMV Personalization Validation Tool to its international customers. The validation software analyzes and validates CardWizard software before a Dynamic Card Solutions customer uses it, the Englewood, Colo.-based company says. The validation software "goes in with the pilot to make sure [CardWizard] works and is interoperable before they do full rollout to other branches," a Dynamic Card Solutions spokesperson tells CardLine. Collis is a Dutch information-technology and consulting company with U.S. headquarters in Arden Hills, Minn.
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Banking groups that sued the state of Illinois over its law barring banks from charging interchange fees on taxes and tips cheered an appeals court ruling remanding the law to a lower court and vowed to keep the law going into effect, which is slated for July 1.
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Stephan Feldgoise and Joshua Schiffrin will join Goldman Sachs' management committee; Fidelity Investments is dismissing about 800 personnel as it restructures its technology and product-delivery teams; Citi has hired JPMorgan's André Ross as its country officer and banking head for South Africa; and more in this week's banking news roundup.
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Affirm CEO Max Levchin said that the company did not have any plans for AI-spurred layoffs despite the fact that it was using the technology more for software engineering.
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Leaders from Wells Fargo, JPMorganChase and more talked about how banks can respond to the fast-moving changes in money movement, new forms of artificial intelligence, fraud, digital assets and more.
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The payments company posted strong adjusted earnings following a dramatic downsizing, which management attributed to the influence of artificial intelligence.
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The Securities and Exchange Commission initially offered $179.5 million to Michael Bacon, who provided key information to the government about Wells Fargo's fake-accounts scandal. But shortly after SEC Commissioner Paul Atkins took office, the amount was sharply reduced.
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