YapStone has a hockey puck graph of growth with 30% to $40% per year over the past 15 years. The global provider of web and mobile payment technology solutions has landed a $60 million financing package with Comerica Bank and Bregal Sagemount.
USAA and Navy Federal Credit Union are delivering industry leading digital banking offerings and earning customer-satisfaction scores for digital that rival those of traditional banks and credit unions. However, a new report says Bank of America took the prize for “2014 Best Overall Digital Banking Experience Leader.”
Opus Bank announced Scott Dickman as its Senior Managing Director, Commercial Business Banking – Arizona. Bringing to the role 36-years experience, Dickman is Opus’ first commercial banker in Arizona and is responsible for expanding Opus’ commercial client base in the Phoenix metropolitan region. He joins Opus Bank most recently from Comerica Bank where he served as Senior Vice President, Market President and Commercial Banking Leader in the Arizona market. From 2008 through 2012, Mr. Dickman served as SVP, Commercial Banking for Arizona Bank & Trust where he also was a member of the bank’s Senior Leadership Team and led the commercial business group, including Commercial Banking, Treasury Management, and Small Business.
FSV Payment Systems will provide payroll card services for McDonald’s U.S. company-owned restaurants. The companies are working together to create a payroll card program specifically for employees of McDonald’s U.S. company-owned restaurants that delivers both value and a suite of card features, including a cash back rewards program, text/email notifications and access to money quicker and easier than paper checks, as well as providing a resource for basic financial literacy.
PayAnywhere mobile POS solutions added two payments industry professionals to its leadership team, including Carl Williams and Ed Myers, as managing directors, advising the company on new acquisitions, partner development, domestic and international market expansion. Carl Williams’ career in financial services spans 30 years and includes his role as president of worldwide payment processing at Global Payments (GPN). Ed Myers also brings more than 30 years of financial services experience to PayAnywhere, most recently serving as president of U.S. operations at Global Payments.
The Center for Financial Services Innovation (CFSI) commenced a gathering of leaders from mid-sized banks and credit unions at the seventh Underbanked Solutions Exchange meeting in Chicago, IL. Giving participants the chance to learn about latest best practices in the industry through a series of hands-on learning experiences and networking opportunities, the Exchange will welcome first time participants Urban Partnership Bank, BBU/Banesco Bank, and First Interstate Bank to the meeting. Attendees will discuss what defines quality in financial services as outlined by CFSI’s Compass Principles, participate in an applied behavioral economics workshop and advise participants on underbanked strategies.
The Center for Financial Services Innovation (CFSI) began its 6th Annual Underbanked Financial Services Forum with Michael Joseph, former CEO of Safaricom, delivering the “Innovation Abroad: An International Mobile Payment Success Story” keynote address. Joseph also examines mobile strategies he thinks will ultimately be the most successful in the U.S. marketplace and worldwide. CFSI’s “Underbanked Solutions Exchange,” sponsored by Meta Payment Systems and New Market Partners, focuses on external forces at play in the financial services marketplace and contemplate the meaning of “quality” financial services. It is a collaborative group of mid-size banks and credit unions engaged in action-oriented discussions to share thoughts, ideas, questions, and experiences with other institutions all with the ultimate goal of profitably and responsibly serving the underbanked.
The Center for Financial Services Innovation (CFSI) began its 6th Annual Underbanked Financial Services Forum with Michael Joseph, the former CEO of Safaricom, delivering the keynote address. Joseph spearheaded the development of M-PESA”the only mobile payments system in the world to achieve scale. His keynote address, “Innovation Abroad: An International Mobile Payment Success Story,” shares lessons and insights on providing financial services to the underserved through mobile. Joseph also examines mobile strategies he thinks will ultimately be the most successful in the U.S. marketplace and worldwide. The Underbanked Solutions Exchange is a collaborative group of mid-size banks and credit unions engaged in action-oriented discussions to share thoughts, ideas, questions, and experiences with other institutions all with the ultimate goal of profitably and responsibly serving the underbanked.
PFSweb end-to-end e-commerce solutions renewed its financing agreements with Comerica Bank (Comerica), Wells Fargo Bank, National Association (Wells Fargo), IBM Credit LLC (IBM Credit), IBM Belgium Services B.V.B.A. (IBM Belgium), and BNP Paribas Fortis (BNP Paribas) totaling approximately $94.0 million of available credit. The Company’s Priority Fulfillment Services, Inc. subsidiary (PFS) renewed its $10 million asset based financing facility with Comerica for 18 months through September 2012. This agreement allows PFS to increase total borrowing levels to $12.5 million during seasonal peak periods of November through February. PFSweb develops and deploys comprehensive end-to-end eCommerce solutions for Companies around the globe.
The Underbanked Solutions Exchange collaborative network of midâsized banks and credit unions created by the Center for Financial Services Innovation (CFSI) is meeting in San Jose, California. At this meeting, the Exchange welcomes its tenth participant, Redstone Federal Credit Union, and incorporates the first site visit. At this convening of the Underbanked Solutions Exchange, participating institutions will also hear and discuss comprehensive updates on product innovation inside participant organizations, get a first look at promising approaches to financial capability, benefit from new research on underâdocumented Latino customers from Exchange coâsponsor FIS, and meet Piggymojo, a new savings innovator in the underbanked space.
Having completed its merger with Bonfire Productions, C$ cMoney has named a new executive management team. With this, Lawrence Krasner is to serve as president and CEO. A veteran of the financial services industry, Krasner brings with him over 23 years’ experience to the company. In his new role, he will oversee the strategic direction of C$ cMoney, working in tandem with the Board of Directors and acting as the official spokesperson. Krasner managed the development of a multi-billion dollar capital markets integration program for a global investment bankâs private wealth management group in his previous role with CSC Consulting. He also served as senior vp and group head of an internal projects team with Lehman Brothers, managing a portfolio of global strategic initiatives.
Over half a million Americans have signed up for the card that delivers Social Security payments via plastic. The “Direct Express Debit MasterCard” was launched regionally in 2008 and recently went nationwide, targeting four million Americans without bank accounts who are receiving Social Security or “Supplemental Security Income.” The card is issued by Dallas-based Comerica Bank on behalf of the U.S. Department of the Treasury’s Financial Management Service. The FMS says so far 95% are satisfied with the card, 86% would recommend it and 80% value the card for convenience, safety or immediate access to money. Three-quarters of cardholders say fees associated with the card are equal to or less than what they paid before. Comerica Bank coordinates 27 debit card programs for 13 states.