Feb. 10 – The Electronic Transactions Association (ETA), the global trade association of the payments technology industry, has announced the next step in its continued expansion of government relations activities with the hiring of seasoned financial industry and government affairs professional Scott Talbott as the association’s new Senior Vice President of Government Affairs. In this position, Talbott will be responsible for developing and executing ETA’s federal and state legislative and regulatory strategies on behalf of ETA’s more than 500 member companies.
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April 8 – Gold Canyon Bank, Gold Canyon, Ariz., has been closed by the Arizona Department of Financial Institutions, which appointed the FDIC as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Scottsdale Bank, National Association, Scottsdale, Ariz., to assume all of the deposits of Gold Canyon Bank.
July 21 – Bank of Scottsdale, an independent community bank with a hometown style, is now being formed to serve local Scottsdale businesses and residents from its Hilton Village Office Park location on McDonald and Scottsdale roads. The bank’s management team of proven executives with more than 70 years combined banking knowledge will bring local focus and banking experience to a market that is receiving continually deteriorating customer service from larger, impersonal financial institutions.
March 23 – NCR Corporation, a global leader in consumer transaction technologies, has announced that Consumers Credit Union, headquartered in Kalamazoo, Mich, recently unveiled a new online and mobile experience powered by Digital Insight, an NCR company.
March 23 – Representatives Lynn Westmoreland (GA-03), Randy Neugebauer (TX-19), David Scott (GA-13), and Kyrsten Sinema (AZ-09) of the U.S. House of Representatives have announced the formation of the Congressional Payments Technology Caucus (CPTC). The mission of the CPTC is to explore the new and innovative technologies in the payments industry, as well as answer questions about data security, unbanked users’ access to electronic payments, and more. Each founding member also serves on the House Financial Services Committee and has a strong interest in educating fellow members and the public on consumer protection when it comes to electronic payments. Below are statements from each founding member.
February 23 – Mailboxes will soon be flooded with new, high tech credit cards that promise much greater protection against fraud and hacking, but many merchants aren’t nearly ready to process them, according to a Philadelphia area payment processing expert.
February 12 – Sageworks, a financial information company and provider of risk management solutions, announced the launch of ALLL.com, a free, online resource for financial institution executives involved in the calculation of the allowance for loan and lease losses (ALLL). The site will serve as a best practices hub for banks and credit unions, as well a space for professionals to ask questions and get answers on the ALLL. Continue reading “New Site Helps Manage Allowance for Loan and Lease Losses Calculation” »
February 10 – DH Corporation has announced that the Independent Community Bankers of America (ICBA) has extended its agreement with D+H to provide its web-based lending platform, Mortgagebot to ICBA member banks. The agreement designates D+H as a Premier Value Provider under the ICBA SmartLender Program, which is offered as a service to its members, who receive discounted start-up costs and are eligible for preferred pricing.