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GLDS integrates its WinCable system with Ignite Payments’ credit card platform

Great Lakes Data Systems announced on Monday the successful integration of its WinCable subscriber management and billing system with the Ignite Payments credit card processing platform to provide cost-effective processing options to customers across the country. The integration was completed using the GGe4, a processing gateway from First... Read More...

AcceptCreditCards.co.uk launches effort to transition business owners to merchant

AcceptCreditCards.co.uk recently launched an effort to help business owners switch to merchant accounts, citing data that shows credit and debit card purchases account for approximately 70 percent of annual business revenue in the U.K. "In our current age of technology, it is critical to a business's customer base that credit and debit cards be... Read More...

SEC charges former investor relations firm CEO Stephen Gray with insider trading

The SEC charged Stephen B. Gray, the former CEO of Houston-based investor relations firm Dennard Lascar Associates, with insider trading last week. In its complaint, the SEC alleges that Gray obtained confidential information about numerous companies while the company he was in charge of helped the firms to draft and publish press releases... Read More...

Linda B. Bammann to resign from Freddie Mac board

Freddie Mac announced last week that Linda B. Bammann will resign from the board of directors on Wednesday after nearly five years of service. “Linda has been a thoughtful and highly effective leader on Freddie Mac's board of directors during an extremely challenging time for the company," Freddie Mac Chairman Christopher S. Lynch said. "She... Read More...

Citi Online Investments service expands MMF account options

Citi recently enhanced its global Online Investments service to offer additional account options—nominee and fully disclosed— for money market mutual funds. The new account offerings allow clients to use all features and benefits of the current omnibus account model, including straight-through processing, consolidated online trades, balance... Read More...

RBS chooses CGI Group to help corporate clients comply with SEPA requirements

The Royal Bank of Scotland recently chose CGI Group to help the bank’s European business clients transition to SEPA, or single euro payments area—a European Union project aimed at simplifying bank transfers in euro. CGI will introduce its SEPA Fallback Service Solution at RBS in collaboration with Dutch IT company PowertoPay to help RBS... Read More...

ABA voices concern over impact of CFPB appraisal rule on home builders

The American Bankers Association voiced concerns regarding the CFPB’s appraisal rule—in particular, its impact on home builders—in a letter to the watchdog agency arlier this month. Under the CFPB’s appraisal rule, creditors are required to notify consumers within three days of receiving a loan application of their right to receive a... Read More...

Wells Fargo announces $4.8 million CityLIFT program for California’s Inland Empire cities

Wells Fargo announced last week its $4.8 million Inland Empire CityLIFT program, which will provide eligible homebuyers in California with down payment assistance during a San Bernardino homebuyer event on Aug. 9 and Aug. 10. The program is a collaboration between Wells Fargo and officials from San Bernardino, Fontana, Riverside, Corona and... Read More...

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