financial institution

The Federal Reserve has created a searchable database of consumer credit card agreements with over 300 credit card issuers so as to allow users to compare them and find the financial product that best fits their needs. The Fed reports that the database will be updated quarterly.

The listing does not include financial institutions that have less than 10,000 open credit card accounts because the overwhelming majority of credit card accounts are held by issuers that have more than 10,000 open accounts.

24 large financial institutions and insurers in the United States will be required by the U.S. Securities and Exchange Commission to provide detailed reports about their use of repurchase agreements and their accounting and disclosure of these transactions.

The regulator is sending letters to the chief financial officers about these institutions in a move to uncover any accounting tricks like the "Repo 105" method Lehman Brothers used to mask its losses.

Firethorn Holdings, LLC, a Qualcomm company, has announced the expansion of its mobile banking platform to enable consumers to manage their checking, savings and credit card accounts with more than 3,700 US financial institutions by using a single mobile solution.

ClairMail, Inc. the leader in mobile banking and payment solutions, together with ebpSource Limited, the leading experts in the field of international e-billing, e-invoicing and payment, today announced that they have entered into a distribution partnership. Under the terms of the agreement, ebpSource Limited will be the Master International Distributor of the ClairMail mobile banking and payment platform.

Wesabe has launched GetSpringboard.com, a Web site that lets financial institutions buy and implement personal money management tools in Internet.
Launched earlier this year, Springboard provides banks and credit unions with access to Wesabe's suite of applications, including account management, goal setting and tracking, community forums, widgets, and merchant tips and comparisons.

 Visa has expanded the offering of its Visa Money Transfer Service to greater China and the United Arab Emirates. In addition, Visa also launched a new managed service, available initially in Canada and the U.S., that makes it easier for a financial institution to offer Visa Money Transfer to its customers. 

 Bank of America, one of the world's largest financial institutions, announced today it has exceeded its previously stated target to help at least 125,000 financially distressed homeowners begin trial modifications through the federal government's Home Affordable Modification Program (HAMP) by November 1.

 A provider of Internet based payment, debt collection and debt recovery technologies, Apollo Enterprise Solutions, Inc., announced the combined offering of its web collections solutions branded TrueCollect™. The new package features a range of options including total compliance with Federal and State laws governing web collections, and significantly increased security measures designed to thwart the latest cyber threats facing the debt collection industry.

Fiserv, Inc., the leading global provider of financial services technology solutions, today announced the launch of its Merchant Acceleration Program (MAP), an initiative to increase the awareness and adoption of merchant capture by businesses. 

RBS WorldPay announced this week a partnership with Century Payments ("Century") to manage and expand the RBS WorldPay Agent Bank program. RBS WorldPay's Agent Bank program is meant to provide transaction processing services to financial institutions that wish to offer payment processing services to their commercial customers.