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Credit Research News - January, 2007















HOME :: RESEARCH :: CREDIT :: NEWS :: ARCHIVE

Credit Research News - January, 2007



Alliance Data Announces Record Fourth Quarter and Year-End Results

Alliance Data Systems Corporation , a leading provider of marketing services, credit services and transaction services, today announced record results for its fourth quarter and year ended December 31, 2006



Wisconsin Credit Unions Helping Tax Filers Get Free, Fast Refunds

Wisconsin credit unions are hoping that their help for low-income tax filers this year will flow more "unbanked" Wisconsin consumers into the financial mainstream, where they will receive fairer pricing for services and -- beyond that -- help to gain a stronger financial footing



H&R Block Cites Reasons Why Taxpayers Don’t Claim EITC

$1 Billion in Valuable Benefits Missed Each Year by Low-Income Workers



SOA serves up customer truth center

As the industry is learning, service-oriented architectures come in all different shapes and configurations



Scantron Survey Services Selected by Texans Credit Union for Member and Employee Surveys

Scantron, a leading provider of assessment, software and survey solutions for the K-12, higher education and commercial markets, today announced that Texans Credit Union has selected its Survey Services division to provide a complete, start-to-finish solution for all its member and employee surveys



Central Alberta Well Services Closes $63 Million Long Term Credit Facility

Central Alberta Well Services Corp. (TSX VENTURE:CWC) ("Central Alberta" or the "Company") is pleased to announce that it has closed its previously announced Credit Facility Agreement (the "Agreement") with Brookfield Bridge Lending Fund Inc.



As The Responsible Credit Partnership Becomes CFSI’s Responsible Credit Roundtable, It Releases...

As The Responsible Credit Partnership Becomes CFSI’s Responsible Credit Roundtable, It Releases New Research Announces New Relationships, and Honors Its Supporters



Standard & Poor's Data & Information Services

S&P provides global securities identification and cross referencing, pricing, and descriptive and corporate action information to investment managers and securities processing professionals worldwide



Toyota Motors Credit Corporation Awards McMurray Stern Mobile Storage System and Document Conversion

Exclusive Southern California Spacesaver dealer commited to Toyota records management



Goose your low credit scores

If you're thinking of buying a house, there's one number that's more important than all the others



Payday loan not the worst option

Payday lending just might be one of the best of the unappealing financing options open to cash-strapped individuals



Phoenix ranks as financial services giant

Employment grows as metro area becomes key hub for banking, insurance, brokerage companies



Better Business Bureau warns against online lender scams

The local Better Business Bureau has released a warning to keep consumers from losing money to bogus online lenders



Some call credit clean up a rip off

But others say paying to fix mistakes is worth it



Credit card industry struggling with security standard

Major credit card companies have made it mandatory for merchants and payment processors to comply with stringent network security rules that went into effect in mid-2005



SVB Silicon Valley Bank Increases Seagull Software Line of Credit to $4 million

Seagull Software announced that tech-sector leader SVB Silicon Valley Bank has extended to the company a $4 million revolving line of credit for general corporate purposes in support of Seagull Software's business plans



Tiny credit union teams up to compete

Spokane-based Inland Empire Trades has had bulk of its growth over last two years



How to get over the post-holiday money hangover

The holidays are over and the hangover has begun



Commerce Bank Launches New No-Fee, Small Business Visa(R) Credit Card

Platinum Card Offers 4X Reward Points



The North American Credit and Clearing Corp (NECC) and Credit Suisse Partner to Expand Support

North American Energy Credit and Clearing (NECC) and Credit Suisse have partnered to enhance NECC’s services to its growing customer base and provide Credit Suisse’s clients with access to the US$1 trillion power and gas physical trading markets



First Cash Reports 30% Increase in Fourth Quarter EPS; Fiscal 2006 Earnings Up 28%

Company Affirms 2007 Guidance; Earnings Projected to Increase 29% to 34%



Two Credit Unions Select Lending Solutions New Member Service Solution

Services include complete, 24/7 member service



Free Tax Filing Services

"There's probably about 4 or 5 million dollars of money that's supposed to come back to Wichita County that doesn't; so if you multiply that by an average of $3,000 per person, a lot of people do not claim the unearned in income tax returns," Don Dobbins said



TJX facing customer complaints, possible fines by credit-card firms

Breach shaping up as test for industry antifraud council



ID theft victim to TJX customers: Mind your data

TJX Companies Inc. may have stored more customer data than necessary, putting possibly millions of customers at risk for ID theft, according to some in the banking industry



Moody’s KMV Builds Credit Risk Management Team in Japan

Team will Assist Japanese Financial Institutions to Improve Risk Adjusted Performance through Provision of Default Probability, Portfolio Management, Valuation & Pricing Solutions



Chase Strengthens Credit Card Practices, Services

Steps to Improve Clarity, Convenience and Foster Consumers’ Understanding and Financial Decision-Making



Cyphermint Adds Credit and Debit Card Linking to PayCash Mobile Payment System

Adding to its global mobile strategy, Cyphermint, Inc., a leading provider of secure electronic payment solutions, announced today that mobile banking and bill payment capabilities on a consumer's mobile phone



Fidelity National Information Services, Inc. Completes Refinancing of Credit Facilities

Fidelity National Information Services, Inc. announced today that it has completed the refinancing of its principal credit facilities



Wescom Credit Union Chooses AT&T For New Network

New Agreement Broadens Decadelong Relationship



GreenStone gives customers some of its profits

GreenStone Farm Credit Services will pay out $13.8 million to customers of the financial cooperative



Physician Office Credit Card Acceptance Data Available from SK&A Information Services

New File Provides Access to New Business Opportunities for Credit Card Services, Healthcare Finance Firms, Banks, and Lenders



Chase Card Services plans to hire 100 in Ottawa

Chase Card Services, the credit card division of U.S. financial services giant JPMorgan Chase, plans to hire about 100 Ottawa-area employees in 2007 to support its Canadian credit card business



IBT Webinar Helps Credit Unions Attract and Serve Burgeoning Latino Population

Online event features financial industry, Latino community experts



SLM Corp. CEO to Present at Credit Suisse Financial Services Forum

SLM Corp., commonly known as Sallie Mae and the nation's largest provider of education credit and related services, today announced that Chief Executive Officer Tim Fitzpatrick will speak at the Credit Suisse Financial Services Forum on Thursday, Feb. 8, 2007, in Naples, Fla



VanguardMS and igxglobal, inc. Team to Launch PCI-COMPLY Services to Help Retail Industry Comply...

Although deadlines set by the major credit card issuers have passed, many retail merchants and service providers are still struggling with how to safeguard credit card information and ensure their own compliance with data security standards established by the industry's PCI Security Standards Council



Third Eye, Inc changes name to United Credit Educational Services

After many years of successful operation as Third Eye, Inc, in-order to better identify with the companies mission statement and with the launch of a new product: credit coach (due out in February) Third Eye, Inc has undergone a name change



Servus Credit Union and Fujitsu agree on new $10.8 million IT services contract

Fujitsu Consulting to Continue Support of Mission-Critical IT Systems for another Six Years



New Year Brings New Incentive to Get Organized

By now, consumers might be getting their holiday shopping bills, thinking about doing their taxes and planning summer vacations



Absolute size alone cannot determine credit quality

A company's size, as measured by its net worth, cannot be a deciding factor by itself in assessing its credit risk



Due date: With 'denial' season over, tips to avoid a credit crisis

January is a panicky month for a lot of people, as the realization that generous gift giving translates to hefty debt arrives along with the credit card bills for the leather jacket, plasma TV and PlayStation bought in the holiday spendathon



Prime Savings Credit Union Signs Letter of Intent with Summit Information Systems to Purchase iSpect

Summit seen as the long-term technology partner to fulfill vision for a new retail experience



Coastal Trust and Investment Services Announces Complimentary Seminar Schedule for February

Coastal Trust and Investment Services located at Coastal Federal Credit Union has announced its complimentary “Food For Thought” financial seminar schedule for February



CNU Students To Give Free Tax Services

Taxpayers can have their tax returns prepared and e-filed for free by volunteers from Christopher Newport University



Credit union to open UI branch

The University of Iowa Community Credit Union will start providing some financial services on-campus at the University of Iowa, the credit union and UI said today



Central Alberta Well Services Announces $63 Million Long Term Credit Facility

Central Alberta Well Services Corp. ("Central Alberta" or the "Company") (TSX VENTURE:CWC) is pleased to announce that it has entered into a Credit Facility Agreement (the "Agreement") with Brookfield Bridge Lending Fund Inc.



$10-Billion Corporate Credit Union Relies on 3n for Emergency Communication

Southwest Corporate Federal Credit Union Uses 3n Mass Notification System for Communication During Emergencies



Leading US Credit Unions Standardize on Proactive Anti-Phishing Protection from Cyveillance

The number of credit unions using Cyveillance Anti-Phishing grew by 450% in 2006



Fourth-largest credit union expands deal with Co-Op

BECU, the fourth-largest credit union in the United States, has selected Co-Op Financial Services for ATM processing and signature debit services



Tax Specialty Firm Applauds Passage of Federal Research and Experimentation Tax Credit

An extension of the Federal Research and Experimentation Tax Credit received presidential approval last week, a positive sign for businesses throughout America, according to David M. Hull, CPA, and partner with Hull & Knarr



CLE Credit Available for Legal Project Management Lunch and Learn

Continuing Legal Education (CLE) credit is available to attorneys participating in a free upcoming seminar on Legal Project Management



SunTrust Mortgage Names Denis McLaughlin Senior Vice President and Chief Credit Officer

SunTrust Mortgage, Inc. announced today that Denis McLaughlin has been named senior vice president and chief credit officer



Holiday aftermath ties up credit counselors

The holidays are over but the financial hangover of overspending has just begun



OMB reminds agencies to use BPA for credit monitoring services

Agencies that are victimized by a data breach of personal information should use a new blanket purchase agreement set up by the General Services Administration, according to a new Office of Management and Budget memo



Black Diamond Income Fund Signs New Credit Facility

Black Diamond Income Fund is pleased to announce the establishment of new credit facilities with the Bank of Montreal in the aggregate amount of $32 million



Co-op Services Credit Union implements Open Solutions data processing platform

Livonia, Mich. based Co-op Services Credit Union has selected Open Solutions (NASDAQ:OPEN) member-centric core enterprise platform, 'The Complete Credit Union Solution', and other complementary applications to address its data processing needs



What You Must Know about Your Credit before Buying a Home

Sometimes being approved for home buying can be difficult however, there are things you can do to be approved



Multi-Factor Authentication

Ease-of-integration and the flexibility of TriCipher’s Authentication Ladder support multi-factor authentication for online access to credit card information



Co-Op, CU Anytime agree to joint ATM venture

Albuquerque-based CU Anytime and Co-Op Financial Services, d.b.a. Co-Op Network, have formed a new organization called Co-Op ATM Services LLC



Jaco Electronics Closes $55 Million Senior Secured Credit Facility

Three-Year Credit Facility Provides Added Financial Flexibility and Lower Cost of Capital



Green Dot Corporation Brings a Reloadable Prepaid Card to the Discover(R) Network

Green Dot Corporation, the nation's largest provider of retailer-sold prepaid debit cards and operator of Green Dot Financial Network, announced today that it is offering through its retail network the first reloadable prepaid card to launch on the Discover Network



FHLBank Cincinnati Announces Organization Changes and Promotions

Andrew Howell Named Executive Vice President



Grand Forks Credit Union Selects Open Solutions

Advanced technology will help eliminate barriers to growth and enable faster, more efficient member service



Standard & Poor's ratings services affirms its long-term foreign and local currency ratings

Standard & Poor's Ratings Services in a communique issued from Singapore yesterday affirmed its long term foreign and local currency ratings on Reliance Industries Ltd. (RIL) at 'BBB'. The outlook is stable.



Wescom Credit Union to Offer Sunday Hours

Credit Union to Also Expand Daily Hours of Operation in Branches and Call Center



Financial Services Marketer of the Year: Bank of America

A BOFFO PERFORMANCE IN 2006 saw Bank of America become this country's first true coast-to-coast bank


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