BB&T Renews With FIS
BB&T (Winston-Salem, N.C.) renewed its contract for Fidelity National Information Services' (FIS; Jacksonville, Fla.) Mortgage Servicing Package (MSP) for automation of all areas of servicing, including loan setup and maintenance, and regulatory reporting.
SunTrust Selects Visa
SunTrust Banks (Atlanta) will exclusively issue Visa USA (San Francisco) consumer credit cards, check cards, and small business and commercial products. SunTrust also will become the first issuer in the U.S. to incorporate Visa contactless payment technology across its consumer credit card portfolio.
Navistar Goes With Oracle
Navistar Financial (Schaumburg, Ill.) is implementing Oracle (Redwood Shores, Calif.) Lease Management, part of the Oracle E-Business Suite, to automate leasing processes, enhance operational efficiency and create a scalable platform.
Erste Bank Taps Calypso
Austria-based Erste Bank Group selected Calypso Technology (San Francisco) as the bank's front-to-back, groupwide solution for interest rate, FX and credit derivatives.
First Data to be Acquired
Global private equity firm Kohlberg Kravis Roberts & Co. will acquire First Data (Denver) in a deal worth approximately $29 billion.
Skandia Picks CheckFree
To improve reporting and streamline compliance, Skandia International (Isle of Man, U.K.), the cross-border, offshore division of the Skandia UK Group, selected Atlanta-based CheckFree's Accurate NXG Dashboard.
Swedbank (Stockholm) selected Metavante's (Milwaukee, Wis.) Prime Compliance Suite, including a range of anti-money laundering and OFAC software and services, to automate compliance with the Bank Secrecy Act and the USA Patriot Act in the bank's New York branch.
First Citizens Joins SVPCO
First Citizens Bank (Charlotte, N.C.) has joined SVPCO - Electronic Clearing Services' (New York) Image Payments Network..
ClairMail Eyes Canada
ClairMail (Novato, Calif.) partnered with telecom company TELUS (Burnaby, B.C.) to bring ClairMail's mobile phone-based customer interaction solution to Canada. The companies initially will focus on enabling Canadian financial services institutions to offer mobile banking and payments services.
LECG Buys Secura
Advisory and services firm LECG Corp. (Emeryville, Calif.) will acquire the Secura Group (Vienna, Va.), a consulting firm focused on financial services and regulatory compliance.