Banking & Financial Services News

Get a balanced look at what’s new in the banking and financial services industry. This section features information about commercial banking services and products, credit unions, credit card companies, cryptocurrency, compliance issues and news from banking and financial service companies.

SWACHA Announces First Annual Executive Leadership Payments Summit in Dallas on May 30, 2013

Inaugural Summit to Focus on the Future of Mobile Payments Dallas-based SWACHA, one of the largest not-for-profit regional payments associations in the country, unveiled today plans for its inaugural Executive Leadership Payments Summit. This Payments Summit is designed to bring together leaders... - April 12, 2013 - SWACHA

New MyPrivateBanking Research Report: Global Benchmarking of Banking Apps – a Few Excellent, Majority Still Offering Users Only Basics

DBS and Capital One offer the best mobile apps; Société Générale, ABN AMRO and Westpac in Top 5 - April 12, 2013 - MyPrivateBanking GmbH

The BBB Increases Card Payment Direct’s Overall Rating to an A+

Card Payment Direct earns the highest rating for service excellence and consumer confidence from the Better Business Bureau (BBB). - April 10, 2013 - Card Payment Direct

CardFlex News: Prepaid Payroll Cards - The Perfect Way to Pay Underbanked Employees

Prepaid payroll cards are the best alternative to paper paychecks, offering numerous advantages to business and their underbanked employees. - April 10, 2013 - CardFlex

Dan White & Associates Offers Free Financial Planning Seminar

Daniel A. White & Associates president and founder Dan White will lead a free financial planning seminar titled, “Will I Outlive My Money?” addressing pressing financial planning concerns and offering advice for those preparing for their retirement. - April 10, 2013 - Daniel A. White and Associates

Swacha Hosts Second Annual Free Paper Shredding Event for PayItGreen Month

SWACHA Hopes to Shred 18,000 Pounds of Paper in Two Hours - April 10, 2013 - SWACHA

MarketCounsel Launches an Innovative Breakthrough RIA Startup Strategy for Advisors Going Independent

MarketCounsel adds to its arsenal with its new Tactical Strategy overlay to the RIA Incubator program and provides prospective independent advisors with a speed-to-market solution. - April 09, 2013 - MarketCounsel, LLC

Colleagues In Law's Innovative Service Saves Homes

Colleagues in Law, a California firm providing client-focused interdisciplinary services has become the Nation’s top secret to the long battle against Mortgage Lending. As the situation of homeowners nationally has worsened and stories of Lender/Servicer neglect have increased, the Advocacy... - April 05, 2013 - Colleagues in Law

Web Financial Group Hires Luan Cox to Manage U.S. Market Entry

Web Financial Group S.A., the leading provider of financial data, front end functionalities, analysis and applications in the U.K. and continental Europe, today announced the opening of their first North American office in New York. Julio Bueso, founder and CEO said: “Web Financial Group has... - April 05, 2013 - Web Financial Group

Orchard Сourse Markets: The Situation Around the Cypriot Banking System Will Not Affect Their Clients

Clients of Orchard Course Markets will not be affected by the freezing of accounts in Cyprus: neither Orchard-cm, nor its partners have transit or current accounts registered within the jurisdiction of Cyprus. “All settlements are cleared through our Baltic partner banks,” comments... - April 04, 2013 - Orchard-cm

The MarketCounsel Summit Opens Registration, Announcing a Joint Keynote Address by Sen. Christopher Dodd and Rep. Barney Frank

The architects of the historic Dodd-Frank Wall Street Reform and Consumer Protection Act will deliver a joint keynote at The MarketCounsel Summit on December 10th through 13th at the Four Seasons Hotel in Las Vegas. - April 04, 2013 - MarketCounsel, LLC

Elios Financial Group’s Jim Elios Named 2013 Cleveland Five Star Wealth Manager

James T. Elios, MBA, CHFC©, CLU©, was named a recipient of the 2013 Cleveland Five Star Wealth Manager award. Award winners appear in a special section in the March issue of Cleveland Magazine and Inside Business. - April 04, 2013 - Elios Financial Group, Inc.

Paragon Bank Names Ryan Borst Senior Vice President and Client Development Officer

Local Bank Adds 15-Year Industry Veteran to Manage Commercial and Personal Banking for Clients. - April 04, 2013 - Paragon Bank

Regional Banking Leader Takes the Helm at Alliance Bank & Trust

Alliance Bank & Trust, a North Carolina community bank with branches in Gastonia, Shelby, and Kings Mountain, announced its board of directors has chosen Mr. Don Harrison to lead their team. Pending regulatory approval, Mr. Harrison will serve as the new President and Chief Operating Officer. - April 03, 2013 - Alliance Bank & Trust

Texas Trust Launches Mobile Deposit for Consumer Banking Applications

With mobile deposit from Texas Trust Credit Union, members can make deposits with a smartphone from virtually anywhere, anytime, just by taking a picture of the check. - April 03, 2013 - Texas Trust Credit Union

FXOpen Group Keeps No Accounts in Cyprus

In response to clients’ inquiries FXOpen broker would like to make an official statement that none of FXOpen Group run any business in Cyprus. The company keeps no accounts in the country and has no relation to its banking sector. Thus, the clients of the broker may not worry about the safety of their assets. - April 02, 2013 - FXOpen

Coverage Solutions Inc. Gains Safeco Insurance® Appointment, Providing New Options for Port St. Lucie and Treasure Coast Customers

Coverage Solutions, Inc. receives a direct appointment with Safeco Insurance, a Liberty Mutual Company. - April 02, 2013 - Coverage Solutions Inc

Tampa Bay Federal Credit Union to Hold Youth Fest and Shred-A-Thon in Riverview

On Saturday, April 27th, Tampa Bay Federal Credit Union will hold a Youth Fest & Shred-A-Thon Event at their Riverview Service Center, 10845 Boyette Road, Riverview, Florida from 10 a.m. to 1 p.m. Current and prospective members are invited to attend. - April 01, 2013 - Tampa Bay Federal Credit Union

Mentor-Ship Announces Expansion of Development and Leadership Services for Professionals and Post-Graduate Students

Dallas, Texas-based Mentor-Ship announced today the expansion of Development and Leadership services focused on Young Professionals and Post-graduate Students. - March 31, 2013 - Mentorship

Mortgage Compliance Firm Expands as New Regulations Take Effect

Cognitive Options Group, a national consulting firm specializing in mortgage compliance and loan due diligence reviews, is expanding the firm due to increasing demand for their services as new mortgage banking regulations and rules from the CFPB are being implemented. Cognitive Options Group has... - March 28, 2013 - Cognitive Options Group, LLC

BubbleProtection.com Announces Coverage of Full Tilt Poker

Bubble Protection, the world leader in online poker tournament entry fee protection and indemnity, announced they have initiated coverage of Full Tilt tournaments with buy-ins starting at ten dollars. BubbleProtection is an online poker indemnity tool designed to capitalize on the hundreds of... - March 27, 2013 - BubbleProtection

Paragon Bank Names Greg Roberts Credit Analyst

Local Bank’s Charlotte Office Adds New Hire to Research and Review Business, Personal Loans. - March 27, 2013 - Paragon Bank

RiXtrema Inc. Adds Drs. Yaacov Kopeliovich and Barry Schachter to the Research Team

RiXtrema, Inc. (www.rixtrema.com), a leading risk management modeling and software provider to the investment management industry, is pleased to announce today the addition of Dr. Yaacov Kopeliovich and Dr. Barry Schachter to the research team. Dr. Kopeliovich, who joins RiXtrema as a Director of... - March 26, 2013 - RiXtrema

James McDonough Named President & CEO of Randolph Savings Bank

James McDonough has been elected President and CEO of Randolph Savings Bank according to Richard Pierce, Chairman of the Board. He succeeds Jack Doyle who is retiring. McDonough most recently served as Chancellor and Chief Financial Officer of the Roman Catholic Archdiocese of Boston and currently... - March 26, 2013 - Randolph Savings Bank

Capital Market Thought Leader Dr. Frank Zheng Sheds Light on the Future of Asset Management in China

Demand among China's high net-worth individuals (HNWIs) for trusted asset management tailored to their specific needs is growing rapidly. The trend presents key opportunities for local specialists prepared to play the long-game. - March 26, 2013 - Z. H. STUDIO

Otto Media Produces Series of Web Videos Showcasing Next from Northern Credit Union

Otto Media is working with Northern Credit Union on a series of web videos that showcase the credit unions new line of Next Products designed for young adults. The videos will cover a variety of products that range from loans to eChecking and eSavings accounts. - March 22, 2013 - Otto Media

Bank Sales Training Video by Clarity Advantage Offers Conversational Tips for Successful Prospecting

In Clarity Advantage’s new bank sales training video for business bankers, President Nick Miller answers the question, “Tell me about you,” in a way that captures a prospect’s attention, brings them back for additional conversation, and accelerates sales. - March 22, 2013 - Clarity Advantage Corporation

Savings Rate Surges as Economy Improves

The economy is getting better, at least in some households, according to a new Money Journal poll, which found the savings rate is surging. - March 20, 2013 - Money Journal

Bank Sales Training Webinar to Focus on Using Trigger Events to Boost Prospecting Success

Consulting and bank sales training firm Clarity Advantage will advise business bankers on how they can leverage trigger events in their conversations with prospects in a complimentary webinar on Thursday, March 28, 2013 at 12:00 PM EDT. - March 20, 2013 - Clarity Advantage Corporation

Absolute FC, Inc (AFC) Expands Vendor Sponsorship Program

Creative Answers for Businesses in Search of Funding. - March 19, 2013 - Absolute FC, Inc.

Central Bank of Afghanistan Installs Credit Bureau System

Creditinfo and the Central Bank of Afghanistan (DAB) recently signed a contract which involves the setting up of a credit bureau software for DAB in Kabul. This project has major significance for the development of the financial system in Afghanistan. - March 16, 2013 - Creditinfo

BusinesSuites Announces Expansion to Gaithersburg, Maryland

New Flexible Workspace Option for Entrepreneurs, Professionals and Fortune 1000 Companies to Open in June 2013. - March 15, 2013 - BusinesSuites

Ginn Real Estate Investors Receiving a 1099-C from Their Lender May be Exempt from Tax Liability

Investors in Ginn developments who received a 1099-C for Cancellation of Debt (COD) income are urged to contact New York tax attorney Hilton Wiener to determine if they are eligible to exclude this sum as taxable income. - March 15, 2013 - Law Office of Hilton M. Wiener

Texas Trust Promotes Three to Senior Level Executive Positions

Texas Trust Credit Union has promoted three senior staffers to senior executive level positions. Ron Smith has been promoted to Senior Vice President of Branch Operations. He has been with Texas Trust since 2007 and is responsible for overseeing operations of the credit union's 10 branches. Amber... - March 15, 2013 - Texas Trust Credit Union

Paragon Bank Names Kate Feldhouse Assistant Vice President, Client and Market Strategist

Banking Industry Professional to Aid in Private Banking Expansion - March 15, 2013 - Paragon Bank

Recognized Leader in Spreadsheet Management Announces Participation in The Institute of Internal Auditor’s 2013 General Audit Management Conference

CIMCON Software proud to attend Las Vegas event at the Aria Resort and Casino from March 18 to 20 - March 13, 2013 - CIMCON Software Inc

VStock Transfer to Co-Sponsor the Upcoming Marcum MicroCap Conference

VStock Transfer, LLC (www.vstocktransfer.com) a full service stock transfer agent recognized for providing best-in-class service combined with a cost savings structure, today announced that it will be a co-sponsor of the Marcum MicroCap Conference on March 30th at the Grand Hyatt Hotel in NYC. The... - March 12, 2013 - Vstock Transfer, LLC

First Federal of Bucks County President and CEO Bruce Iacobucci Retires and Jeane Coyle Takes the Helm

Bristol-based local bank announces first woman President and CEO. - March 10, 2013 - First Federal of Bucks County

New Binary Options Ebook by Gate80

Gate80 is proud to present you with the new PDF Guide to binary options in the Italian language. This guide is completely for free and presents the basics of the binary options market as well as practices and trading strategies. Their Gate80 websites network offers this brand new guide in PDF... - March 09, 2013 - GATE80

Do Banks Need a New Business Model?

CashFlow Insights recently concluded study shows community and regional bank business models working well. Banks that were profitable every year from 2005 through 2012 have almost returned to their historic Return on Assets level, despite slow economic growth and new regulations. Banks that were unprofitable for one year are returning to their historic ROA levels more slowly. The key to success continues to be the quality of execution. - March 09, 2013 - CashFlow Insights

FurtherEd Schedules 5000+ of Streaming Hours Continuing Professional Education (CPE) for Accountants

FurtherEd seeks to change Continuing Professional Education for the accounting industry through 9AM-5PM daily live course streaming. - March 09, 2013 - FurtherEd

Texas Gulf Bank Announces Opening of West U Office with Bob Ittner as President

Texas Gulf Bank, a 100-year old community bank founded in southern Brazoria County, announces it has opened its newest Houston location in West U. Bob Ittner, former President of Bank of West University/Bank of Texas for 12 years, returns to the neighborhood as President of the new office, located... - March 09, 2013 - Texas Gulf Bank, N.A.

Wema Bank Becomes First Nigerian Bank on MoneyGram's Latest Innovative Payment Platform, AgentWorks ... Rolls Out in All Branches

Wema Bank, Nigeria's most resilient and longest surviving has rolled out MoneyGram's latest money transfer platform, AgentWorks across its business locations making it the 1st Nigerian Bank and second in West Africa to do so. - March 09, 2013 - Wema Bank plc

Riverview Financial Corporation and Union Bancorp, Inc. Announce Definitive Agreement and Plan of Consolidation

Riverview Financial Corporation (“Riverview”) (OTCQB: RIVE), the holding company for Riverview Bank, and Union Bancorp, Inc. (“Union”) (OTCQB: UBPT), the holding company for Union Bank and Trust Company, jointly announced today that they have signed a definitive agreement to... - March 08, 2013 - Riverview Financial Corporation