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As Growth Picks Up, Wealth Managers Target the Client Experience
NEW YORK, June 13, 2017 (GLOBE NEWSWIRE) -- Global private wealth gained momentum in 2016, but wealth managers face a host of challenges if they hope to fight off competitors, deepen client loyalty, and put both revenue and profit growth on a sustainable positive trajectory, according to a new report by The Boston Consulting Group (BCG). The report, Global Wealth 2017: Transforming the Client Experience, is being released today.
Dime Community Bancshares, Inc. Announces the Pricing of $115 Million Subordinated Debt Offering
BROOKLYN, N.Y., June 08, 2017 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the "Company") (NASDAQ:DCOM), the holding company for Dime Community Bank (the “Bank”), today announced that it has priced an underwritten public offering of $115 million aggregate principal amount of its fixed-to-floating rate subordinated notes (the “Notes”) due June 15, 2027. The Notes will initially bear a fixed interest rate of 4.50% per year. Commencing on June 15, 2022, the interest rate on the Notes will reset on a quarterly basis to the three-month LIBOR rate plus a spread of 266 basis points, payable quarterly in arrears. The offering is expected to close on June 13, 2017, subject to the satisfaction of customary closing conditions. The Company plans to use the net proceeds from the offering to redeem the $70.7 million of trust preferred securities currently paying a 7.00% annual coupon (expected in the third quarter) of Dime Community Capital Trust I and for general corporate purposes, including the payment of dividends and funding potential strategic growth opportunities, including, but not limited to, acquisitions.
Payment Data Systems Announces Amendment to Letter of Intent to Acquire Singular Payments, LLC
SAN ANTONIO, June 07, 2017 (GLOBE NEWSWIRE) -- Payment Data Systems, Inc. (NASDAQ:PYDS) (“Payment Data” or “Company”), an integrated electronic payment solutions provider, today announced that it has amended the terms of its non-binding Letter of Intent (“LOI”) to acquire Singular Payments, LLC (“Singular”) to extend its expiration until August 1, 2017. The amendment was agreed upon by both Payment Data and Singular, in order for Payment Data to finish its due diligence and for Singular to conclude its audit.
ACI Worldwide Spotlights Mobile Payments and Open API Trends at Premier European Payments Events
NAPLES, FLA, June 07, 2017 (GLOBE NEWSWIRE) -- ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, will participate in two forthcoming European events that are a focal point for the European payments and financial services industries.
Glacier Bancorp, Inc. Announces Acquisition of Columbine Capital Corp. in Buena Vista, Colorado
KALISPELL, Mont., June 06, 2017 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (“Glacier” or the “Company”) (NASDAQ:GBCI) today announced the signing of a definitive agreement to acquire Columbine Capital Corp. (“Columbine”), the bank holding company for Collegiate Peaks Bank, a community bank based in Buena Vista, Colorado. The acquisition marks Glacier’s 19th acquisition since 2000, its eighth transaction in the past five years, and its fourth transaction in the state of Colorado. Collegiate Peaks Bank provides banking services to businesses and individuals in the Mountain and Front Range communities of Colorado with five banking offices located in Aurora, Buena Vista, Denver and Salida. As of March 31, 2017, Collegiate Peaks Bank had total assets of $469 million, gross loans of $331 million and total deposits of $401 million. In the state of Colorado, the combination of Glacier’s existing Bank of the San Juans and Collegiate Peaks Bank would exceed $875 million in gross loans and $1.1 billion in total deposits as of March 31, 2017.
Ocwen Works with Hardest Hit Fund States to Help Borrowers Access Funds
WEST PALM BEACH, Fla., June 06, 2017 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN), a leading financial services holding company, today joined a group of select mortgage servicers, housing finance agencies, government-sponsored enterprises (GSEs), and government officials at the Eighth Annual Hardest Hit Fund Summit to discuss strategies to leverage Hardest Hit Fund (HHF) resources for the benefit of borrowers in states that are participating in the program. Hosted by the U.S. Department of the Treasury, the event offered participants a forum to share best practices, discuss program evolution and trends, develop operational solutions, and strengthen relationships among programmatic partners to benefit homeowners in many of the communities most impacted by the housing crisis.
Cabot Microelectronics Corporation Declares Quarterly Cash Dividend
Aurora, IL, June 05, 2017 (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation (Nasdaq: CCMP), the world’s leading supplier of chemical mechanical planarization (CMP) polishing slurries and second largest CMP pads supplier to the semiconductor industry, today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share ($0.80 per share on an annualized basis) on the company's common stock. The dividend will be payable on or about July 28, 2017 to shareholders of record at the close of business on June 23, 2017.
HPE Unveils the World’s Most Secure Industry Standard Servers
PALO ALTO, Calif. and LAS VEGAS, June 05, 2017 (GLOBE NEWSWIRE) -- Today, Hewlett Packard Enterprise (NYSE:HPE) revealed the world’s most secure industry standard servers1 with the introduction of its next-generation ProLiant portfolio. HPE is the first vendor to put silicon-based security into its industry standard servers, addressing firmware attacks, which are one of the biggest threats facing enterprises and governments today. Building on this new secure foundation, HPE also announced advancements in software- defined infrastructure that deliver new levels of agility and economic flexibility.
Lock Trust, Inc. Breaks the Barrier in Technology for Gaming
SALT LAKE CITY and LONDON, June 05, 2017 (GLOBE NEWSWIRE) -- Lock Trust breaks the barrier again with Mobile Cash Advance at the table. With our portable cash advance terminals. Casinos everywhere have the option to offer cash advance in a secure environment without the hassle of long lines, locating a machine on a gaming floor or handing patron cards off to a cage attendant. This secure technology environment keeps the customer card in their hands at their location.
Panini Partners With Matica Technologies to Sell Financial Instant Issuance Solution
TORINO, Italy and DAYTON, Ohio, June 02, 2017 (GLOBE NEWSWIRE) -- Today, Panini, a global payments technology leader, announced the start of an exciting partnership with Matica Technologies to bring Financial Instant Issuance (FII) to the North American market. Panini has begun selling the Cardmint FX retransfer printer with CardsOnTheSpot personalization software, creating a complete solution which enables FIs to create personalized credit, debit, or ATM cards in real-time at branch level, allowing customers to use an active card for making purchases immediately upon leaving the branch.
TORINO, Italy and SÃO PAULO, Brazil, June 01, 2017 (GLOBE NEWSWIRE) -- Panini, the global market leader in distributed check capture is participating in CIAB FEBRABAN in São Paulo, Brazil, for the tenth consecutive year. With the 2016 passing of the Brazilian check truncation law it is important for Panini to showcase their RDC portfolio of products at the largest event for the Latin American financial industry.
Nasdaq To Support VNG Corporation In Exploring a U.S. Listing
NEW YORK, June 01, 2017 (GLOBE NEWSWIRE) -- Nasdaq and VNG Corporation signed a memorandum of understanding to explore VNG’s initial public offering (IPO) opportunity on the Nasdaq Stock Market. VNG Corporation is Vietnam’s leader in value added services, developing and publishing online content, providing mobile platforms and payment systems. Under the agreement, Nasdaq will work closely with VNG to prepare for its listing on Nasdaq and support VNG’s access to the U.S. capital markets. Vietnamese Prime Minister Nguyen Xuan Phuc was also present at the signing ceremony as part of his first visit to the U.S.
InSync Healthcare Solutions Announces Major Software Update v9.0
TAMPA, Fla., June 01, 2017 (GLOBE NEWSWIRE) -- InSync Healthcare Solutions, a leading provider of cloud-based healthcare solutions, announced today a major update for the InSync software, version 9.0.
Flywire Acquires UK-based PACE Invoice
BOSTON and LONDON, June 01, 2017 (GLOBE NEWSWIRE) -- Flywire, a leading provider of international payment solutions, today announced that it has acquired PACE Invoice, a multi-currency invoicing platform provider based in London. With the acquisition, Flywire adds international invoicing to its cross-border payments and receivables services, enabling its business, education and healthcare clients to more easily link invoices to cross-border receivables, saving time and costs in invoice preparation and payment reconciliation.
BidPal® Expands Senior Leadership Team
INDIANAPOLIS, June 01, 2017 (GLOBE NEWSWIRE) -- BidPal, the leading mobile fundraising platform helping nonprofits raise more money, announced key additions to the company’s leadership team with the appointment of Mark McCorkle as Chief Technology Officer and Mark Ward as Chief Financial Officer. Click to Tweet.
Flywire Acquires UK-based PACE Invoice
BOSTON and LONDON, June 01, 2017 (GLOBE NEWSWIRE) -- Flywire, a leading provider of international payment solutions, today announced that it has acquired PACE Invoice, a multi-currency invoicing platform provider based in London. With the acquisition, Flywire adds international invoicing to its cross-border payments and receivables services, enabling its business, education and healthcare clients to more easily link invoices to cross-border receivables, saving time and costs in invoice preparation and payment reconciliation.
People’s Utah Bancorp and Town & Country Bank, Inc. of St. George, Utah Announce Merger
AMERICAN FORK, Utah, May 31, 2017 (GLOBE NEWSWIRE) -- People’s Utah Bancorp (the “Company” or “PUB”) (Nasdaq:PUB) and Town & Country Bank, Inc. (“Town & Country Bank”) today jointly announced the signing of a definitive agreement to merge Town & Country Bank, a community bank based in St. George Utah, into People’s Intermountain Bank, a wholly owned subsidiary of PUB. Town & Country Bank was established in 2008 with one branch in St. George, Utah and one loan production office in Sandy, Utah and has a strong focus on serving business customers. As of March 31, 2017, Town & Country Bank had total assets of $135.1 million, gross loans of $97.3 million and total deposits of $119.7 million.
LAFAYETTE, Calif., May 31, 2017 (GLOBE NEWSWIRE) -- Loyale Healthcare, a leader in providing customized, comprehensive financial tools and services for healthcare providers and their patients, has completed a wide array of third-party examinations attesting to its dedication to and compliance with strict data security and privacy standards. These examinations align with Loyale’s consumer-centric approach to technology development and support which has been in practice since 1990.
Mount Saint Mary’s University Los Angeles Streamlines Tuition Payment Experience with ACI Worldwide
NAPLES, FLA, May 31, 2017 (GLOBE NEWSWIRE) --ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, announced today that Mount Saint Mary’s University is powering its tuition payment system with ACI’s UP Bill Payment Solution.
U.S. Gas & Electric to be Acquired by Crius Energy Trust
PURCHASE, N.Y., May 30, 2017 (GLOBE NEWSWIRE) -- MVC Capital, Inc. (NYSE:MVC) (“MVC” or the “Fund”) announced today that its largest portfolio holding, U.S. Gas & Electric, Inc. (“USG&E”), a commercial and residential energy services company, has entered into a definitive agreement to be acquired by Crius Energy Trust (TSX:KWH.UN) (“Crius”) for $172.5 million in a combination of cash, second-lien notes and Crius trust units (the “Crius Transaction”).
Navient CEO delivers remarks at annual shareholder meeting
WILMINGTON, Del., May 25, 2017 (GLOBE NEWSWIRE) -- Jack Remondi, president and CEO of Navient, the nation’s leading loan management, servicing and asset recovery company, delivered remarks at the company’s 2017 Annual Meeting of Shareholders. Excerpts of his remarks are as follows:
BILLERICA, Mass., May 25, 2017 (GLOBE NEWSWIRE) -- OrboGraph, a premier developer and supplier of intelligent electronic/paper automation solutions in healthcare revenue cycle management (RCM), as well as recognition solutions, image validation and check fraud detection for the U.S. check processing market, has rebranded and expanded capabilities for its Healthcare Payments line of business with the announcement of OrboAccess℠.
ACI Worldwide to Attend Upcoming Investor Conferences
NAPLES, FLA, May 25, 2017 (GLOBE NEWSWIRE) --ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, announced today that company management will attend the following investor conferences:
SEI Board of Directors Declares Dividend
OAKS, Pa., May 24, 2017 (GLOBE NEWSWIRE) -- The Board of Directors of SEI Investments Company (NASDAQ:SEIC) today declared a regular semi-annual dividend of $0.28 (twenty-eight cents) per share. The cash dividend will be payable to shareholders of record on June 7, 2017, with a payment date of June 16, 2017.
Colony Bankcorp, Inc. Declares Second Quarter Dividend
FITZGERALD, Ga., May 24, 2017 (GLOBE NEWSWIRE) -- Colony Bankcorp, Inc. (Nasdaq:CBAN) announced today that its Board of Directors declared a quarterly cash dividend of $0.025 per share payable June 30, 2017 to shareholders of record on June 2, 2017. The board factored in earnings projected for the quarter along with Colony’s capital position in setting the dividend payment. Colony’s capital position remains strong with its total risk-based capital approximating 15.39 percent – well above the regulatory minimum requirement of 10 percent to be categorized as “well-capitalized.”
FFW Corporation Announces Quarterly Cash Dividend
WABASH, Ind., May 24, 2017 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK:FFWC) (5/23/2017 Close: $35.50), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.19 per share of common stock. The dividend is payable June 30, 2017 to shareholders of record on June 16, 2017.
The majority (57%) of billing organizations are investing in relevant payments technology to keep up with consumer wants and expectations, according to new data, “2017 Global Payments Insight Survey: Bill Pay Services,” from ACI Worldwide (NASDAQ: ACIW) and Ovum. The study, which includes organizations from a diverse array of industries—such as higher education, insurance, consumer finance, government, healthcare services and utilities—revealed that the pace of payments investment continues to increase year-over-year.
PandaDoc Closes $15 Million Series B, backed by Rembrandt, Microsoft Ventures, HubSpot and Altos
SAN FRANCISCO, May 23, 2017 (GLOBE NEWSWIRE) -- PandaDoc, the leading Digital Transactions Management (DTM) solution, today announced that it has closed a $15 million Series B round of funding, led by Rembrandt Venture Partners. Microsoft Ventures, HubSpot, EBRD, via the EBRD Venture Capital Investment Programme, and Altos Ventures also participated in the funding round. To date, PandaDoc has secured $20 million in total funding from investors. Series A investors included Altos Ventures, TMT Investments, CEO of Quicken Eric Dunn, Kima Ventures and others. The Series B investment will help to accelerate the company’s growth.
MINNEAPOLIS, May 23, 2017 (GLOBE NEWSWIRE) -- Digiliti Money, Inc. (NASDAQ:DGLT), a leading mobile FinTech provider of cloud-based remote deposit capture (RDC) and mobile prepaid solutions, has partnered with Galileo Processing to offer Galileo’s global network of prepaid, debit and credit card program managers a broad set of mobile features and enhancements.
VIRGINIA BEACH, Va., May 22, 2017 (GLOBE NEWSWIRE) -- Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“Wheeler” or the “Company”), a fully-integrated, self-managed commercial real estate investment company focused on acquiring and managing income-producing retail properties with a primary focus on grocery-anchored centers, announced today the second quarter 2017 cash dividend rate of $0.34 per share for the Company’s Common Stock. The annualized Common Stock dividend will be adjusted to $1.44 from $1.68. The Company is also reaffirming its Second Quarter AFFO guidance of $0.40-$0.42 per share and adjusting its 2017 AFFO guidance to $1.48-$1.55 per share to reflect continued stability in cash flows from in-place leases, more conservative levels of income from new leasing and third party fee income, a proactive debt refinancing strategy, and a stable capital base. The dividend reduction will preserve more than $2 million in capital for 2017.
Coupa Announces General Availability of InvoiceSmash Application
SAN MATEO, Calif., May 18, 2017 (GLOBE NEWSWIRE) -- Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, today announced the general availability of InvoiceSmash, which is a new unified application within its spend management platform. The application helps make processing supplier invoices faster, easier, and less expensive than is currently possible with legacy optical character recognition (OCR) solutions, while also improving compliance, data quality and supplier participation.
Consumers Place Personal Loans Atop the Credit Mountain
CHICAGO, May 17, 2017 (GLOBE NEWSWIRE) -- When faced with the choice of which debts to pay and which to miss, consumers in financial distress tend to prioritize unsecured personal loans ahead of other credit products such as auto loans, mortgages and credit cards. These findings were released today during TransUnion’s annual Financial Services Summit, attended by more than 300 senior-level financial services executives from around the globe.
ACI Worldwide Boosts Integrated Fraud Management Capabilities for Bambora
Naples, FLA., May 16, 2017 (GLOBE NEWSWIRE) --ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Bambora, a high-growth payment service provider (PSP) with an expanding global footprint, will support merchants in Australia and New Zealand with first-class fraud management capabilities via ACI ReD Shield, part of ACI's UP eCommerce Payments solution.
Coupa Payments to Digitize Global Supplier Payments
SAN MATEO, Calif., May 16, 2017 (GLOBE NEWSWIRE) -- Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, will launch Coupa Payments today to streamline the disparate and complex cross-border payment systems often used by buyers to transact with suppliers globally.
Nlyte Releases New On-Demand Nlyte Energy Optimizer and Nlyte Platinum
SAN MATEO, Calif., May 16, 2017 (GLOBE NEWSWIRE) -- Nlyte Software, the leading data center infrastructure management (DCIM) software company, today announced the release of Nlyte Energy Optimizer (NEO) and Nlyte Platinum On-Demand editions. The new versions join the company’s family of Nlyte Enterprise On-Demand offerings and are currently available either as Software-as-a-Service (SaaS) or on premise.
Asta Funding, Inc. Announces Decision to Restate First Quarter 2017
ENGLEWOOD CLIFFS, N.J., May 15, 2017 (GLOBE NEWSWIRE) -- Asta Funding, Inc. (NASDAQ:ASFI) (“Asta” or the “Company”) announced today that it will be restating its previously issued unaudited consolidated financial statements as of and for the quarter ended December 31, 2016 (the “Restated Period”) included in the Form 10-Q filed February 9, 2017. The Audit Committee of the Company’s Board of Directors has concluded, after consultation with the Company’s independent registered public accounting firm, EisnerAmper, LLP, and on the recommendation of the Company’s management, that these financial statements and disclosures should no longer be relied upon. The Company will restate its unaudited consolidated financial statements for the Restated Period to reflect adjustments in the fair market value for structured annuity settlements and life contingency assets of CBC Settlement Funding, LLC, a 100% owned subsidiary of the Company (“CBC”).
Payment Data Systems Announces First Quarter Results
SAN ANTONIO, May 15, 2017 (GLOBE NEWSWIRE) -- Payment Data Systems, Inc. (NASDAQ:PYDS), an integrated electronic payment solutions provider, today announced financial results for the first quarter ended March 31, 2017.
FlexShopper, Inc. Reports First Quarter 2017 Results and 71% Revenue Growth
BOCA RATON, Fla., May 15, 2017 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq:FPAY) (“FlexShopper”), a leading national online lease-to-own (“LTO”) retailer and LTO payment solution provider, announced today its results of continuing operations for the three months ended March 31, 2017.
Lock Trust, Inc. Reinvents Payment Processing
LONDON and SALT LAKE CITY, May 15, 2017 (GLOBE NEWSWIRE) -- Lock Trust announces a proposal to the Trump administration for automated tax collection for all e-commerce sales. Lock Trust would act as a portal to all online transactions with patents pending in both the United States and European Union. Lock Trust disrupts the payment industry with innovative technology.
HOFFMAN ESTATES, Ill., May 15, 2017 (GLOBE NEWSWIRE) -- CDK Global, Inc. (“CDK”) announced today its entry into an accelerated share repurchase (“ASR”) agreement with Bank of America Merrill Lynch (“BofAML”) to purchase $350 million of CDK’s common stock. Under the terms of the ASR agreement, CDK will make a $350 million payment to BofAML on May 16, 2017 and will receive from them on the same day an initial delivery of approximately 4.5 million shares of CDK’s common stock. The final number of shares to be purchased will be based on the average of the daily volume-weighted average price of CDK’s common stock during the term of the ASR transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR agreement. At settlement, under certain circumstances, CDK may be entitled to receive additional shares of CDK’s common stock from BofAML or, under certain circumstances, CDK may be required to deliver shares of common stock or to make a cash payment, at CDK’s election, to BofAML. The final settlement of the transaction under the ASR agreement is expected to occur during CDK’s fiscal quarter ending September 30, 2017.