United Bankers’ Bank (UBB) has implemented the Aptys PayLOGICS “Active Archive” and “Image Exchange” modules. With the ability to integrate seamlessly with the bank’s existing infrastructure, PayLOGICS enables UBB to house all transactions and historical data in one location. ACH and other transaction details are on a single cloud-based archive, the Active Archive module gives UBB a centralized view of all customer payment activity.
NACHA added State Bank and Trust Company as a Direct Financial Institution Member. NACHA oversees the Automated Clearing House (ACH) Network, utilized by all types of financial institutions as a safe, secure, and reliable network for direct account-to-account consumer, business, and government payments, and annually facilitates billions of Direct Deposit via ACH and Direct Payment via ACH transactions. State Bank may now vote directly on Rules ballots, nominate candidates to serve on NACHA’s Board of Directors, and participate in NACHA Councils, along with other 47 direct members, consisting of 30 financial institutions and 17 regional payment associations.
The American Bankers Association announces the formation of the Payment Systems Task Force, an assembly of bankers who will develop proactive strategies to ensure a strong, safe and efficient payments market. The task force will work to ensure new payment technologies promote competitive access for and participation by banks of all sizes and charters. The…
Fiserv financial services technology solutions announced Zions Bancorporation (Zions), a $51.5 billion financial services company, selected Fiserv to support multi-channel digital payments for retail and business customers. The banking company will utilize the CheckFree RXP suite from Fiserv for electronic bill (e-bill) delivery, payments and transfers and ZashPay® for person-to-person payments, providing customers with convenient, integrated money movement options. These services will also serve as the foundation for expanded money movement capabilities as the market and consumer expectations evolve, enabling consumers to send money where they want, when they want. The CheckFree RXP suite and ZashPay are routinely updated by Fiserv via the innovative “Feature Pack” process.
Fiserv financial services technology solutions, shared key insights into how financial institutions can add social media to their marketing mix at the 2011 BAI Retail Delivery Conference. The Company shared advice on how to monitor the social media conversation, prepare the internal groundwork for a social media launch, tailor the content and frequency of interactions to different social sites, market a social media presence and, lastly, measure results. Steps covered encourage Strategy Development; Listening and Monitoring the Conversation; Laying the Internal Groundwork; Integrating Marketing; and Metrics and Reporting.
Signature Bank is implementing the American Express “FX International Payments Platform” to process online orders for international wire transactions by Signature Bank corporate customers. Those customers who wish to place orders from Signature Bank will log into the secure, online platform of American Express. Features include an easy to use and secure online platform to send wire payments in USD or foreign currency; file upload with the ability to store repeat wire and beneficiary information saving time; email notification to beneficiaries when a payment is initiated and complete.
Signature Bank is using American Express FX International Payments Platform to process online orders for international wire transactions by Signature Bank corporate customers. Those customers who wish to place orders from Signature Bank will log into the secure, online platform of American Express with a secure online platform to send wire payments, a file upload with the ability to store repeat wire and beneficiary information saving time and email notification to beneficiaries when a payment is initiated and complete.
Fiserv stayed the course and put up its financial results for the fourth quarter, showing $1.08 billion compared with $1.06 billion in the fourth quarter of 2009. Meanwhile, adjusted revenue for the quarter was up 2% to $1.03 billion compared with $1.01 billion in 2009 and GAAP revenue was $4.13 billion compared with $4.08 billion in 2009. The quarterly performance reflected a 3% growth in the Payments segment and 2 percent growth in the Financial segment. Throughout all of 2010, adjusted internal revenue growth was 1% thanks to the Payments segment having grown 3% and the Financial segment by less than 1%. This was in great thanks to the company having expanded its payments footprint with 163 electronic bill payment clients and 55 debit clients. The company signed 537 electronic bill payment clients and 218 debit clients in the year. With this, the Company sees good things in 2011 with adjusted internal revenue growth of 2-4% and an adjusted earnings per share to be in a range of $4.42 to $4.54.
U.S. Bancorp has acquired the banking operations of First Community Bank from the FDIC and will receive approximately $2.1 billion of assets and assume approximately $2.1 billion of liabilities. This figure includes $1.8 billion of insured and uninsured deposits. This decision was reached following credit due diligence and an agreed asset discount of approximately $380 million. With this, all First Community Bank branches will continue to operate under their current name and will be re-branded as U.S. Bank branches in the near future. U.S. Bancorp $308 billion in assets, operates 3,031 banking offices in 24 states and 5,310 ATMs.
Zions Bancorporation is making “Check Recovery” electronic check re-presentment service from Fiserv available to its business customers. This is designed to streamline and accelerate the recovery of bad checks and lost funds by automating the collection process. The Fiserv “Check Recovery” solution will provide Zions Bancorporation’s business customers with a free end-to-end solution for lost funds recovery and an optional POS check authorization component to reduce exposure to fraud and loss. Zions Bancorporation also implements Fiserv account processing, bill payment, ACH processing, cash supply chain management, risk and compliance and remittance.
BancFirst has entered into an agreement to acquire OK Bancorporation and its subsidiary bank, The Okemah National Bank. The Okemah National Bank has approximately $74 million in total assets, $32 million in loans, $59 million in deposits, and $13 million in equity capital. The transaction is scheduled to be completed by December 15, 2010, and is subject to regulatory approval. The bank will operate under its present name until it is merged into BancFirst, which is expected to be during October, 2011. BancFirst Corporation is an Oklahoma based financial services holding company with 85 banking locations serving 47 communities across Oklahoma.
BankServ and NetDeposit remote deposit capture and electronic payment technologies have inked partnership agreements. With this, BankServ will acquire substantially all of the assets of NetDeposit from Zions Bancorporation, which include the the products and services of NetDeposit and all related customer contracts and agreements. This acquisition will more than double the the BankServ end user client base, creating the largest privately held, bank-independent processor of remote deposit capture transactions in the nation. The offering will serve more than 100,000 business locations and more than 500 financial institutions with market-leading products in Internet payments, Fedwire, SWIFT, mobile credit card payments, image cash letter processing, and all forms of check image capture.