Civic Financial Services

PAYMENTS

Paystone | January 27, 2022

Paystone announces the acquisition of Canadian Payment Services (CPS), one of the fastest growing providers of Canadian merchant services. This acquisition is the sixth addition to Paystone’s burgeoning portfolio of acquisitions, having acquired five other businesses in the past two years including Montreal-based DataCandy and Vancouver-based NiceJob. “This is the largest acquisition we’ve made to date in relation to both new revenue and clients,” explains ...

CORE BANKING, DIGITAL BANKING

Globenewswire | May 23, 2023

Hanover Bancorp, Inc. (Nasdaq: HNVR) (the "Company"), parent company of Hanover Community Bank (the “Bank”), announced today that it expanded the Company’s geographic footprint with the opening of its ninth location at 410 Motor Parkway, Hauppauge, New York. “This is an important milestone for us. We are thrilled to be a part of Suffolk County and look forward to serving the banking needs of so many vibrant businesses and residents through our c...

Wells Fargo | February 28, 2020

Wells Fargo agreed to pay $35m to settle regulatory claims that its financial advisers recommended exchange-traded funds that were too risky for some clients. The Securities and Exchange Commission’s investigation targeted Wells Fargo’s sale of inverse ETFs, a type of fund that moves in the opposite direction of an index it tracks. Inverse ETFs can be used to hedge other positions or bet on a falling market, but the products are complex enough that regulators have warned for years th...

Plastiq | March 27, 2020

Plastiq, a US startup that lets SMEs pay any bill by credit card, has raised $75 million in a Series D funding round led by B Capital Group. Kleiner Perkins, Khosla Ventures, Accomplice and Top Tier Capital Partners, all previous investors, also participated in the round, bringing Plastiq's total funding to date to more than $140 million. Plastiq enables SMEs to use their credit cards for virtually any expense, even where plastic isn't accepted, helping users to maximize the working capi...