Banking and Finance

Banking Industry News, Mortgage Finance, and Payment Processing

Clareity Security Expands TEXT-pass+ Features to Include Cell Phone Alerts

SCOTTSDALE, Ariz. -- Clareity Security Financial Services Group, a leading supplier of financial industry information security and identity authentication solutions announced today that their...

Ecologic Leasing Solutions Acquires Captara Software

SAN FRANCISCO, Calif. and WASHINGTON, D.C. -- Ecologic Leasing Solutions announced today that it completed the acquisition of Captara Corporation, a San Francisco, Calif.-based...

American Financial Strategies to Match CEOs with Wealth-Qualified Investors

SAN CLEMENTE, Calif. -- American Financial Strategies (AFS) and its experienced executive team of professionals officially launched its unique and exclusive CEO / investor...

Capital Market Tech Partners with Better ATM Services

MESA, Ariz. and LONDON, U.K. -- Capital Market Technologies (OTCBB:CMKT) has reached an agreement with Better ATM Services, Inc. to license the rights to distribute Better ATM Services' patented, groundbreaking technology throughout the European markets. Better ATM Services' breakthrough process enables existing automated teller machines to dispense gift cards and other pre-paid media, premiums, and incentives from ATM trays - just like cash.

Personal Finance Newsletter for Young Adults Can Be a Smart Graduation Gift

SACRAMENTO, Calif. -- After three years of research and development, MONEYSCHOOL Corporation (www.moneyschool.com) has launched KaChing!, an innovative electronic newsletter with a unique approach to educating young adults about personal finance, money management, and consumer economics. MONEYSCHOOL expects the newsletter to be a popular graduation gift from parents and grandparents to this year's high school and college grads.

Bondtrac, Inc. Launches Direct Counterparty Fixed-Income Live Order Message System

OKLAHOMA CITY, Okla. -- Bondtrac, Inc. (www.bondtrac.com), a privately-held fixed-income information and analytics provider announced today the launch of Bondtrac Live Order Message, a pre-trade disclosed direct counterparty message system for the fixed income industry. The Live Order Message system maintains full price transparency with orderable offerings directly between counterparties without intermediary mark-up or commissions.

Frank J. Mercardante Resigns from 1st Pacific Bancorp Board of Directors

SAN DIEGO, Calif. -- 1st Pacific Bancorp (NASDAQ: FPBN) announced today that Frank J. Mercardante, a member of the board of directors of 1st Pacific Bancorp since July 2007, resigned from the Company's board. Prior to his appointment as a director of 1st Pacific Bancorp, Mr. Mercardante was Chairman and CEO of Placer Sierra Bank and previously was President and Chief Executive Officer of Southwest Community Bancorp since 1998.

LogicEase Receives Notice of Allowance in the U.S. for Automated Loan Compliance Patent

SAN FRANCISCO, Calif. -- LogicEase Solutions Inc., provider of the mortgage industry's leading suite of risk management solutions - ComplianceEase(R), announced today it has received a Notice of Allowance for a patent on its automated compliance system from the United States Patent and Trademark Office. The allowed patent, "System and Method For Automated Compliance With Loan Legislation" primarily encompasses the ComplianceAnalyzer(R) automated compliance system.

Mortgage Company Aids North Carolina Home Buyers Through Affordable Federally Guaranteed Mortgage

RALEIGH, N.C. -- Not a day goes by without the media reporting on the national mortgage meltdown and tightening guidelines for home loans. But one local mortgage company committed to affordable home ownership for North Carolinians found a way to help rural areas residents become homeowners. Veritas Mortgage Funding, a Raleigh based mortgage firm now offers a great alternative to traditional, more costly mortgages.

New York Based Implementation Solutions LLC Opens Newest Office in Sydney, Australia

NEW YORK, N.Y. -- Implementation Solutions LLC, a technology consulting firm that services global investment management customers, announced today that it has formulated a subsidiary organization in Australia named Implementation Solutions PTY LTD. Simultaneously it also announced the opening of its seventh office, this time on Kent Street in Sydney, Australia.

Calyx Point Loan Origination System Users Rely on ComplianceEase for Regulatory Compliance Audit

SAN FRANCISCO, Calif. -- ComplianceEase(R), a leading provider of mortgage industry automated compliance and risk management solutions, announced today that its automated compliance system, ComplianceAnalyzer(R), will be available on Calyx Point's WebConnect(TM) platform on January 10th, 2008.

KIC Products Announces the Release of a Panini Waffletechnology Check Processor Cleaning Card

AUBURN, Maine -- Panini and KIC Products are pleased to announce the release of the Panini Waffletechnology Check Processor Cleaning Card. This product is designed to work with Panini My Vision X(R) Check Scanners through strategic positioning of the Waffletechnology design.

Irwin Home Equity Selects LogicEase's DecisionEase POS System

SAN FRANCISCO, Calif. -- LogicEase Solutions Inc., the maker of the industry-leading risk management application ComplianceEase(R), today announced that Irwin Home Equity, a subsidiary of Irwin Union Bank and Trust Company (Irwin), has deployed the DecisionEase(TM) POS Master(TM) portal in just eight weeks.

Applied Business Software, Inc. and Reliable Trust Deed Services Announce Strategic Partnership

LOS ANGELES, Calif. -- Applied Business Software Inc. ("ABS"), developer of The Mortgage Office(TM), the leading loan servicing software solution for the lending industry, and Reliable Trust Deed Services ("RTDS"), a foreclosure trustee dedicated to providing the most efficient, timely and personal service in the industry, announced today that they have formed a strategic partnership to provide full product integration between The Mortgage Office(TM) and the services provided by RTDS.

Alterian Streamlined Campaign Management to Save UK's Alliance & Leicester Time and Money with Operational Marketing

Alliance & LeicesterCHICAGO, Ill. -- Alterian (LSE: ALN), the leading global enterprise marketing platform provider, announced today that Alliance & Leicester, one of the UK's major financial services groups, has implemented Alterian's operational marketing software, Organizer, to help streamline its campaign management processes.

VA Loan Program Co. Leaves Benchmark Mortgage and Unites with First Community Bank

PLANO, Texas -- This unity will allow VA Loan Program to service all 50 states and add additional loan programs to their current product line. VA Loan Program is a national leader in providing mortgages to veterans. VA Loan Program recently launched VALoanAssistant.com for online consumer research and online VA loan assistance.

Applied Business Software, Inc. and Ellie Mae Announce Strategic Partnership

Applied Business SoftwareLOS ANGELES, Calif. -- Applied Business Software Inc. (ABS), developer of The Mortgage Office(TM), the leading loan servicing software solution for the lending industry, and Ellie Mae Inc., an award-winning provider of innovative software and services for the mortgage industry, announced today that they have formed a strategic partnership to provide full product integration between The Mortgage Office(TM) and Encompass(R) mortgage automation system.

Bondtrac, Inc. Announces Live Bond Market Products with Full Price Transparency

OKLAHOMA CITY, Okla. -- Bondtrac, Inc. announced today the launch of LiveNetwork, a series of fully disclosed, true counterparty pre-trade information systems for the fixed income industry. Building on the success of Bondtrac's direct access bond offering information and analytics products, LiveNetwork delivers innovative functionality for real time intra-firm fixed income information and order management.

Secrets of a Renegade Mortgage Broker and 'Lending Champion' Revealed

Scott TuckerCHICAGO, Ill. -- Outspoken and unconventional Chicago mortgage broker, Scott Tucker, has been named one of Metro Chicago Real Estate Magazine's Top 40 2006 Lending Champions... and named by his own competitors, n the magazine's Lending Champions special feature.

Seasoned Trade Lines Goes Head-to-Head with Credit Industry Watchdogs

Seasoned Trade LinesLARGO, Fla. -- Companies that promise to raise credit scores in short periods of time are deemed fraudulent by many lenders, but according to Seasoned Trade Lines, Inc., a Florida-based, credit-repair company, the practices are highly effective and completely legitimate. Seasoned Trade Lines boosts clients' credit by adding them to established credit card holders' accounts; they promise to raise credit scores by as much as 100 points or more in as little as 30 days.

Phoenicia Group Introduces Libya Fund; Launches Breakthrough Libya-Focused Private Equity Fund

Phoenicia GroupTRIPOLI, Libya -- Phoenicia Group Libya (www.phoenicia.ly), the leading U.S.-Libyan diversified business and consultancy group, announced today Libu Capital S.A, its dedicated Libya-centered private equity firm offshoot, has secured $95,000,000 in commitments surpassing initial expectations and reaching its first close target for its $300,000,000 Tripoli-based Libya Fund.

Premier General Finance Makes a Splash with New Product Offering that Makes Loan Sharking Legal

Premier General FinanceCLEARWATER, Fla. -- What lurks beneath the dark and mysterious financial waters? It's Premier General Finance which has one goal in mind: to obtain working capital for small- to medium-sized businesses in as little as 72 hours for as much as $500,000.

Convexity Leverages CorrectNet's Expertise – infiPOINT Platform Delivered for Investor Reporting

CorrectNetNEW YORK, N.Y. -- CorrectNet, Inc. today announced that Convexity Capital Management LP has completed the launch of a new investor reporting application powered by the industry leading infiPOINT platform. The application enables Convexity to deliver account statements, reports and fund level documents to investors in Convexity-managed funds.

LaCrosse Global Fund Services to Utilize CorrectNet infiPOINT Platform for Enhanced Manager Reporting

CorrectNetNEW YORK, N.Y. -- CorrectNet today announced that LaCrosse Global Fund Services has selected the infiPOINT(TM) platform as its hedge fund manager reporting application. The system enables LaCrosse to provide hedge fund clients with online access to hundreds of back-, middle- and front-office reports on operations management.

ComplianceEase Announces Release of TPO Manager

SAN FRANCISCO, Calif. -- ComplianceEase(R), the mortgage industry's standard for automated compliance, has announced the upcoming release of TPO Manager, an innovative and cost-saving third-party originator (TPO) management solution that enables more efficient broker and correspondent lender relationships. TPO Manager automates the approval, licensing verification and relationship management of third party originators, making the previously cumbersome manual process of broker and correspondent lender approval and management faster, more accurate and highly cost-effective.

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