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Visa Inc. and First Data's STAR Network have announced an agreement to share Visa's common debit solution offering issuers, acquirers and merchants a streamlined and cost-effective approach for debit EMV chip adoption. EMV cards contain an embedded computer processor or a chip that generates a one-time code for each transaction making it nearly impossible for criminals to counterfeit.
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Freddie Mac has released its multifamily housing economic outlook for 2014 showing that multifamily growth will be favorable, but will also moderate and become more in line with long-run historical levels. Among the highlights is that multifamily rent growth and vacancy in the coming year will be consistent with long-run average performance at the national level, but will slow a bit from 2013.
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In a report just released, no changes were seen in the largest banks and thrifts in the final quarter of 2013. JPMorgan Chase & Co. and Bank of America Corp. remain the only companies to have more than $2 trillion in assets, according to SNL Financial's latest ranking of the largest 50 banks and thrifts by assets.
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March 6 - Safe Deposit Box Employee Compliance Certification Program March 7 - Virtual Cash, Virtual Wallets and Virtual Branches: The New BSA Frontier March 11 - Fair Lending for the Front Line March 12 - Using Social Media for Recruiting and Screening Applicants VISIT BANKNEWS.COM and click on the EDUCATION tab to register or for the complete schedule of upcoming programs.
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The average young family (headed by someone under 40) has recovered only about one-third of the wealth it lost during the financial crisis and recession, while the average middle-age or older family has recovered to nearly its precrisis level, according to new analysis from the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis
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