Card issuers pushing new system to fight credit card fraud. by Phil Britt Payment card issuers will be forcing merchants to take a more proactive stance against payment fraud by requiring that point of sale (POS) systems be able to meet so-called EMV standards, including the ability to accept chip-based cards, by Oct. 1, 2015. […]
With loans and advice, Accion Chicago helps borrowers succeed. by Shari Held This year Accion Chicago, a non-profit microlender affiliated with Accion International, is celebrating its 20-year anniversary. And the thousands of underserved, aspiring entrepreneurs and small business owners the lender has helped over the years are celebrating right along with Accion. That includes clients
Banking technologies add convenience, but some still prefer bricks and mortar. by Jerry Davich Today’s banking customers have more options than ever regarding their finances, but also more checks and balances when it comes to daily decision-making. Should they choose old habits over new technologies? Convenience over complexities? Face-to-face interactions versus online interfacing? Pen and
GRAND RAPIDS, Mich. – Building on more than two decades of experience serving the office furniture and home interiors market, The Charter Group today announced formation of a dedicated Furniture Practice led by Andrew Williams. The Grand Rapids, Mich.-based merger and acquisition advisory firm said the move reflects growing activity and demand for buy, sell
SOUTH BEND – Fitch and Standard & Poors have established a rating of AA- / Stable for Beacon Health System, an affiliation between Elkhart General Hospital and Memorial Hospital of South Bend. The rating is a direct reflection of the success of the two organizations affiliating and the solid financial position Beacon enjoys. In conjunction
Credit unions offer alternatives to traditional banking. by Michael Puente When the great recession hit in 2008 and lasted through much of 2009, securing a loan through a traditional bank became more difficult, with stricter income guidelines and tougher collateral requirements as a way to reduce the risk of loans going unpaid. That meant some
GARY – Fitch Ratings, one of the three major credit rating agencies, has upgraded Methodist Hospitals bond issues to BBB from BBB-. The upgrade is the second such move by the ratings agency in the past 12 months. The ratings agency cited Methodist’s sustained operating performance in making this latest upgrade, including strong profit margin,
Local banks prosper even in tough economic times. by Michael Puente For the all the negative national economic news surrounding underwater mortgages, foreclosures and companies that can’t secure loans for new initiatives, Northern Indiana as a whole isn’t fairing too badly and is actually doing much better than other parts of the country. That’s according
SOUTH BEND – Jeff Costello has been named chief financial officer of the newly affiliated organization combining Elkhart General Hospital and Memorial Health Systems. Costello has served as chief financial officer of Memorial Health System since 1995. He will be responsible for all accounting, financial planning, investments, business office operations, construction and medical records. He
by Rick A. Richards Northwest Indiana bankers say their business is different–a lot different–than a year ago. Banking has seen a lot of change, nearly all of it driven by legislative reform as a result of the mortgage meltdown that threw the nation’s economy into a tailspin. Not one region bank was involved in sub-prime
Banking on Change: New regulations bring higher costs, bankers claim Read More »
