Civic Financial Services

PAYMENTS

Customers Bank, Tassat | May 22, 2021

The subsidiary of Customers Bancorp, Inc. a bank holding firm named as Customers Bank joins hands with Tassat, a leading supplier of blockchain solutions for digital payments. They announced today that Customers Bank will use Tassat's proprietary platform TassatPay® Network, which includes real-time B2B payments and convergence between digital and legacy payment rails. The collaboration would result in improved payments capabilities for the bank's company clients as well as low-cost ...

US bank | February 20, 2020

Fidelity Investments is to spin off its API-based data sharing startup Akoya as an independent entity that will be jointly owned by Fidelity, The Clearing House Payments Co. and eleven of its member banks Akoya operates a secure API network that creates a safer and more transparent way for consumers to grant access to their personal financial data to third-party financial apps. The approach provides a more palatable alternative to old-school screen scraping tools which rely on bank customers han...

Wall Street | March 30, 2020

U.S. stock markets opened the week mostly higher, albeit paring early gains and trading generally in more nuanced fashion than has been usual in recent sessions, amid bargain-hunting and hopes for rapid progress in finding effective treatments to contain the Covid-19 outbreak. By 10:15 AM (1415 GMT), the Dow Jones Industrial Average was up 191 points, or 0.9% at 21,828 points. The S&P 500 was up 1.5% and theNASDAQ Composite was up 1.9%. The market took in its stride a sharp change in rhetori...

Wall Street | February 25, 2020

The S&P erased early-day gains Tuesday, resuming the selloff from a day earlier as some on Wall Street cautioned against buying the dips amid a warning from health authorities about the spread of the coronavirus. The S&P 500 slumped 1.59%, Nasdaq Composite lost 1.21% and the Dow Jones Industrial Average fell 1.60%. "I would continue to resist, as hard as it is, to simply buy the dip," said Mohamed El-Erian, Allianz (DE:ALVG) chief economic advisor, as new outbreaks in Asia, Eur...