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November 27, 2012
09:11 EDTUSBU.S. Bancorp's lead bank acquires Florida-based FSV Payment Systems
U.S. Bank, lead bank of U.S. Bancorp, announced that it is acquiring Florida-based FSV Payment Systems, a prepaid card processing company known for its expertise managing a broad range of prepaid programs for companies, governments and other financial institutions. The acquisition combines U.S. Bank's payments strength and prepaid expertise with FSV's platform which will position the combined entity as one of the few financial institutions in the industry capable of providing efficient end-to-end prepaid programs and services for its clients. The programs and services that FSV clients currently use will continue uninterrupted through the transition, and in the future they will benefit from new developments and innovations that the combined business will provide.
News For USB From The Last 14 Days
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May 29, 2015
07:09 EDTUSBU.S. Bancorp says may need to cut jobs if interest rates don't rise, WSJ reports
Richard Davis, the chairman and CEO of U.S. Bancorp, warned that if interest rates do not rise as expected, the bank may have to cut jobs, The Wall Street Journal reports, citing comments made at an investor conference. Davis commented, “If we’re wrong and rates actually aren’t going to move up…trust me, we will cut expenses." Davis noted that there are no current plans to cut jobs, and still believes rates will begin rising in September or December. Reference Link
May 20, 2015
08:21 EDTUSBATM data theft soars to highest rate in two decades, WSJ says
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May 19, 2015
07:13 EDTUSBBarclays to hold a conference
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06:24 EDTUSBU.S. Bancorp and Bank of America win dismissal of mortgage claims, Reuters says
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