Jack Henry has acquired AL-based Bayside Business Solutions, a provider of complete portfolio management systems for commercial lenders and industry leader in providing factoring software.
AZ-based Early Warning has beefed up its Real-Time Identity Chek Service with the addition of New Account Scores. These predictive checking account applicant screening scores enable financial institutions to improve the access they offer consumers and expand their customer base while continuing to manage fraud.
Capital One (COF) will likely lead the top issuers in outstandings and volume year-on-year (YOY) growth in the second quarter with expected outstandings of $77.6 billion, according to forecaster RAM Research. In the first quarter COF outstandings increased by 9% YOY and purchase dollar volume (PDV) surged by 18%, according to CardData.
Citibank’s purchase dollar volume (PDV) for its U.S. retail credit card portfolio will likely decline slightly to $23.1 billion, compared to Q2/14, predicts RAM Research. In the first quarter PDV declined 1% YOY to $16.5 billion, according to CardData.