eOriginal has ankled David R. Young as its new DocuSign Enterprise Sales Director. Young is tasked with expanding eOriginal’s rapidly growing DocuSign relationship by driving enterprise-level deals.
CT-based VantageScore Solutions reports nearly one billion VantageScore credit scores were used in 2014, by over 2,000 lenders and other industry participants, including six of the 10 largest banks. This represents a 24% increase in the number of users of the VantageScore models and a nearly 600% increase in the number of scores used as compared with 2013.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Blake Wilson, President and Chief Executive Officer of Everbank. The bank specializes in unique banking, lending and investing opportunities.
1-800-FLOWERS.COM, Inc. reported that it will begin accepting bitcoin beginning this fall on all their girting sites including FannieMay.com, Cheryls.com, ThePopcornFactory.com, 1-800-Baskets.com, FruitBouquets.com, and Stockyards.com Bitcoin is the world’s most widely used digital currency. 1-800-FLOWERS.COM, Inc. is the world’s leading florist and gift shop.
Fiserv announced that Gateway Mortgage Group, LLC has selected its LoanServ platform for the company’s mortgage servicing technology needs. Gateway will use LoanServ to enhance its customer experience and grow its home loan servicing portfolio through its retail and correspondent channels nationwide. Using LoanServ, Gateway will be able to perform the full range of mortgage servicing functions including escrow, payment processing, investor reporting and default management. Gateway executives anticipate that the selection of the Fiserv solution will help them increase employee productivity, improve operational efficiency, react more effectively to changes in modification programs such as HAMP and HARP, and streamline the default process with workflow automation that reduces errors and frees up resources for use elsewhere within the company.
Discover is now offering cardmembers the opportunity to earn 5% Cashback Bonus on up to $1,500 in purchases at home improvement stores. Cardmembers can start earning 5% Cashback Bonus at home improvement stores now through June 30 by signing up for 5% online at discover.com, or by calling 1-800-DISCOVER (347-2683). After making $1,500 in home improvement purchases, Discover cardmembers still automatically receive their standard cash back on all other purchases. Discover is also offering its cardmembers exclusive ways to earn between 5%-20% on purchases made through ShopDiscover, the online shopping portal featuring more than 200 top online retailers. Starting April 11 through May 12, cardmembers can take advantage of over 20 merchant partners that will increase Cashback Bonus amounts.
BSI Financial Services (BSI) has selected the Fiserv “LoanServ” platform. BSI is replacing its previous banking system with LoanServ from Fiserv to automate many of its manual processes and provide enhanced default management capabilities and other services to its clients. Deploying “LoanServ” strengthens BSI business model and provides an advanced technology platform to support unprecedented growth. The “LoanServ” platform is available to help automate all loan servicing processes, including integrated default management and collections, cashiering, escrow and investor accounting for both closed-end and revolving loans.
Heartland Financial USA has implemented the Fiserv “LoanServ” online, real-time loan servicing solution. The “LoanServ” allows Heartland to optimize and automate most of its loan servicing operations and processes while pursuing its lending growth strategy. This development will help Heartland facilitate its increased loan service volume and complexity. The highly automated “LoanServ” platform offers default management and loss mitigation that are designed to streamline the management of assets and maximize loan performance.
Expert Group announced that Expert Financing has signed an additional 10 new locations ATM placement agreement. The new placement is a mix of Hotels, Tourist designations and high traffic lounges all located in Miami, Florida. On track to double first quarter numbers of installations, Expert projections indicate one million transactions are within reach. Expert Group specializes in ATM placements.
Expert Group Expert Financing has signed an ATM outsourcing management agreement with Cord Financial Services. Highlighting ATM Replenishment Services in Florida, the agreements with Cord Financial Services signed a one-year contract to have Expert manage ATM’s in Miami Beach. The Florida based operator Expert Financing will provide support and first and second line maintenance for ATM machines and will manage technical support for unforeseen issues that might arise from operations. In addition, Expert will manage the ATMs cash replenishment services in association with Chase Bank.
M&T Bank reported its results of operations for 1Q/11, demonstrating loans past due 90 days or more accrued interest of $264 million at the end of the recently completed quarter, including loans guaranteed by government-related entities of $215 million. Such past due loans were $270 million and $203 million at December 31, 2010 and March 31, 2010, respectively, including $214 million and $195 million of government guaranteed loans at those respective dates. Noninterest income totaled $314 million in the first quarter of 2011, compared with $258 million and $287 million in the first and fourth quarters of 2010, respectively. M&T had total assets of $67.9 billion at March 31, 2011, compared with $68.4 billion a year earlier while loans and leases were $52.1 billion at the recent quarter-end, up $675 million from $51.4 billion at March 31, 2010 and $128 million higher than $52.0 billion at December 31, 2010. Total deposits rose 6% to $50.5 billion at March 31, 2011 from $47.5 billion a year earlier and were up 1% from $49.8 billion at December 31, 2010.
Expert Group 1Q/11 ATM placement deployment progress indicates fully implemented Expert ATMs are generating an average of $3.75 per-Transaction, ultimately generating annual gross revenues of $13, 500.00 or $1,350,000.00 for every 100 ATM. Expert Group 1Q saw ATM-AP installations in more than 20 locations and has already been used by thousands of clients. Within the next 6 months the Company announced it projects to have over 100 ATMS and within 12 months we project over 1 million Transactions. The company has entered into agreements for more than 30 installations during the first quarter, a figure expected to double by the close of next quarter.