Raymond James Bank has chosen Fiserv for an enterprise-wide banking solution. Centered on the Signature® bank platform, the total Fiserv solution set for Raymond James Bank includes Aperio™ for business process management, Nautilus® for enterprise content management, Prologue™ for financial management, Corillian® Online for online banking, CheckFree® RXP® for bill payment, and solutions for debit, ATM and item processing. Signature is a complete, real-time, SOA-based solution that delivers customization, system integration and business process improvement to traditional and nontraditional financial institutions around the world. Highly scalable in mid-to-large size institutions in 45 countries and 21 languages, Signature provides a flexible, cost-effective solution for account processing.
WesBanco selected Talaris Vertera teller cash recyclers to automate most of its 112 branches. Talaris cash automation solutions will enable WesBanco to solve several specific business issues including increasing physical security, reducing idle cash, improving teller staffing efficiencies all while enabling tellers to concentrate on providing a higher degree of customer service. Vertera cash recycler can accept, authenticate and store currency, providing branch staff more time to engage customers and reducing customer wait times.
TSYS has entered into a long-term agreement with BancorpSouth, a regional bank holding company with $13.0 billion in assets and 286 locations primarily in the southern United States. BancorpSouth provides traditional retail banking services along with credit card, mortgage, investment, insurance, trust and fiduciary services. It has selected TSYS to process its debit card and consumer and commercial credit card portfolios with a conversion scheduled for early 2012. In addition, TSYS will support card and statement production as well as fraud prevention services.
BancorpSouth has selected PULSE as its sole PIN debit network provider for its 325,000 debit cardholders in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas. BancorpSouth is a $13 billion financial holding company with 290 commercial banking, mortgage, insurance, trust and broker/dealer locations. In addition to ATM and PIN debit network services, PULSE also provides the bank with gateway access to other networks. PULSE and BancorpSouth have worked together since 1997, and during that time have maintained a close relationship. Bank Senior Vice President Michael Lindsey serves on the PULSE Operations Committee. PULSE is one of the nation’s leading ATM/debit networks, currently serving more than 4,400 banks, credit unions and savings institutions across the country. PULSE is owned by Discover Financial Services LLC, a business unit of Morgan Stanley.
Actimize and Corillian have agreed to integrate the Actimize “Cross Channel Electronic Banking and Payment Fraud Prevention” solution with Corillian “Voyager and Intelligent Authentication” solutions. The combined offering provides comprehensive risk-based authentication and cross-channel transaction fraud monitoring for all online banking activity. Three top banking institutions have already adopted this integrated offering. The solutions provide proactive login and cross-channel transaction monitoring including ACH, wire transfer, bill payment and internal transfers. Actimize is a provider of enterprise software solutions for anti-money laundering, broker/dealer compliance, and fraud prevention. Corillian is the market leader of online banking, payment and security solutions to the financial services industry.
Tarjetas Cuscatlan has signed an agreement with First Data International. Processing Center (PROCESA), a First Data company offering payment processing solutions customized for its clients in Latin America and the Caribbean, will provide card issuing processing services to Tarjetas Cuscatlan de Guatemala to support the launch of several new card products. This agreement builds on PROCESA’s already established relationship with UBC International providing full service support to its Panama affiliate, Banco Cuscatlan de Panama. PROCESA, located in Panama City, Panama, offers payment processing support for credit, prepaid, gift and corporate cards.
CheckFree has purchased Integrated Decision Systems, a provider of enterprise portfolio management solutions to the financial services industry. The purchase of IDS will increase connectivity with broker/dealers, give CheckFree’s money manager clients links to a larger network of broker/dealer organizations, extending CheckFree’s client base to include more participants in the investment management industry and will allow CheckFree to drive further growth in the market. Integrated Decision Systems provides enterprise portfolio management solutions for the financial services industry, with over $4 trillion in assets under management. CheckFree Corporation provides financial electronic commerce services and products to organizations around the world.
Capital One has approved the 2005 annual compensation of its Chairman, CEO and President, granting options to buy 566,000 common shares for next year. The stock options have an exercise price of $82.385. Richard Fairbank accepted the options in lieu of any salary, annual cash incentive, other cash or equity-based long-term incentives, and retirement plan contributions. Fairbank’s options will become exercisable in full in five years will expire in ten years. The stock options also become exercisable in full upon the death, disability or retirement of Mr. Fairbank, or a change in control of the Company.
Chevy Chase Bank, with 850 ATM locations and 650,000 debit cards, has renewed its relationship with First Data’s “STAR Network” for PIN debit services. First Data Corp., with global headquarters in Denver, helps power the global economy. As a leader in electronic commerce and payment services, First Data serves approximately 3.5 million merchant locations, 1,400 card issuers and millions of consumers, making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. Chevy Chase Bank is the largest locally owned financial institution in the greater Washington, DC market with $13 billion in assets and over $9 billion in deposits.
Cleveland-based KeyCorp has signed its first surcharge-free ATM deal in West Virginia with WesBanco Bank. Key’s agent bank program enables banks, credit unions, and other financial services companies to provide customers and members surcharge-free access to Key’s ATM network without the investment needed to manage their own ATM system. Key’s nationwide network of almost 2,200 ATMs can be accessed by institutions. WesBanco’s customer service capabilities are significantly enhanced by the partnership with Key. Customers now have easy access to their accounts and can conduct business with WesBanco at home or while traveling. WesBanco, Inc. is a $3.9 billion multi-state bank holding company that provides retail and commercial, trust, investment, and insurance products and services. KeyCorp has assets of roughly $88 billion, making it one of the nation’s largest bank-based financial services companies.
BancorpSouth has selected “PULSE Access” to enable its customers to choose from a selection of personalized messages and designs to emboss on the bottom of the new “BancorpSouth MasterCard Gift Cards”. The card can be used anywhere MasterCard debit cards are accepted, and card balance and transaction history are easily tracked by accessing BancorpSouth’s Web site at or by calling the InfoLine at 888-797-7711. BancorpSouth, Inc. is a bank holding company headquartered in Tupelo, Mississippi, with an estimated $10.2 billion in assets. BancorpSouth operates approximately 250 commercial banking, insurance, trust and broker/dealer locations in Alabama, Arkansas, Louisiana, Mississippi, Tennessee and Texas. PULSE is the nation’s leading independent financial industry-owned and controlled electronic funds transfer network, currently serving more than 4,300 bank, credit union and savings institution members across the country.
MS-based BancorpSouth has launched a “MasterCard Gift Card” program that carries no card fee for loading money, or added charges for shipping and handling. The BancorpSouth prepaid MasterCard Gift Card can be purchased online or at any BancorpSouth branch location. The prepaid MasterCard card can be loaded with funds by using cash, check, credit card, debit card or direct payment from a personal banking account. BancorpSouth, Inc. is a bank holding company headquartered in Tupelo, Mississippi with approximately $10.2 billion in assets. BancorpSouth operates approximately 250 commercial banking, insurance, trust and broker/dealer locations in Alabama, Arkansas, Louisiana, Mississippi, Tennessee and Texas.