On Friday, Shares of Fiserv Inc (NASDAQ:FISV), gained 0.17% to $86.07.
Fiserv, declared that Georgia’s Own Credit Union, based in Atlanta, has expanded its relationship with Fiserv by selecting DNA and more than a dozen additional solutions to support the credit union’s growth in new commercial services and lending markets. The technology from Fiserv will drive an improved member experience at the $1.9 billion credit union by streamlining operations and accelerating the speed-to-market cycle for new products and services.
A Fiserv client for over 20 years, Georgia’s Own is an 81-year-old full-service financial institution and the fourth-largest credit union in Georgia based on assets. By expanding its relationship with Fiserv the credit union gains a customizable, open-architecture technology foundation through DNA, enabling stronger integration of third-party solutions while supporting the development and launch of new products and services for its growing base of retail and business members. DNA also provides real-time processing with 360-degree views of member relationships to drive a more personalized experience for the about 185,000 members at Georgia’s Own.
“The technology architecture, planned vision and expertise of Fiserv are well aligned with our long-term growth plans, which comprise reaching out to the business community with new commercial and lending products and services while ongoing to address the ever-changing financial needs of our retail members,” said David Preter, chief executive officer, Georgia’s Own Credit Union. “We chose to expand our relationship with Fiserv because of their ability to provide innovative solutions that will enable us to deliver exceptional value to our members and competitive differentiation in the market.”
Fiserv, Inc., together with its auxiliaries, provides financial services technology worldwide. The company’s Payments and Industry Products segment provides debit, credit, and prepaid card processing and services; electronic bill payment and presentment services; Internet and mobile banking software and services; person-to-person payment services; and other electronic payments software and services.
Shares of EXCO Resources Inc (NYSE:XCO), declined -6.12% to $0.685, during its last trading session.
EXCO Resources, declared the closing under the Services and Investment Agreement with Energy Planned Advisory Services LLC, a wholly owned partner of Bluescape Resources Company LLC. Highlights comprise:
- John Wilder, Executive Chairman of Bluescape Resources Company LLC, has joined EXCO’s Board of Directors and been designated EXCO’s Executive Chairman.
- John Wilder and ESAS will continue to lead EXCO’s transformational strategy that focuses on six core areas: 1) liability administration, 2) operational performance, 3) capital deployment, 4) risk administration, 5) portfolio repositioning, and 6) performance administration.
- ESAS has purchased from EXCO 5,882,353 shares of EXCO’s common stock for a purchase price of $10 million at $1.70 per share (the ten day volume weighted average price of EXCO’s common stock as of March 30, 2015).
- ESAS is required to own at least $23.5 million of EXCO’s common stock based on the purchase price thereof (reduced by amendment from $50 million) as of the first anniversary of the closing of the Agreement (subject to certain extensions and exceptions) by purchasing at least $13.5 million of additional shares of EXCO’s common stock through open market purchases following a Rule 10b5-1 plan that, subject to compliance with the limitations and restrictions under applicable laws, the Agreement and EXCO’s insider trading policies, (1) comprises a minimum weekly purchase requirement of 10% of EXCO’s average weekly trading volume and (2) will have an effective date no later than two weeks after the first day of ESAS’s next open trading window period following EXCO’s insider trading policies.
- All required shareholder approvals have been obtained, counting approval of ESAS’ formerly issued warrants to purchase up to 80,000,000 shares of EXCO’s common stock, which warrants remain outstanding subject to the formerly revealed return hurdle exercisability criteria and termination and forfeiture provisions.
EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States.
At the end of Friday’s trade, Shares of TriNet Group Inc (NYSE:TNET), gained 2.47% to $17.40.
TriNet Group, declared that Burton M. Goldfield, president and CEO, will be presenting at the Deutsche Bank 2015 Technology Conference in Las Vegas, NV on Wednesday, September 16, 2015 at 1:20 p.m. PT (4:20 p.m. ET).
TriNet Group, Inc. provides human resources solutions for small and medium-sized businesses in the United States and Canada. The company offers payroll processing, human capital consulting, and employment law compliance services, in addition to health insurance, retirement plans, and workers compensation insurance services. It serves clients in various industries, counting technology, life sciences, property administration, professional services, banking and financial services, retail, manufacturing, and hospitality services, in addition to non-profit entities.
Finally, OFG Bancorp (NYSE:OFG), ended its last trade with 1.09% gain, and closed at $8.84.
OFG Bancorp, declared that its Board of Directors declared the following regular quarterly cash dividends on its preferred stock for the third quarter ending September 30, 2015:
- $21.875 per share on its 8.750% Non-Cumulative Convertible Perpetual Preferred Stock, Series C (CUSIP:67103X706)
- $0.4453125 per share on its 7.125% Non-Cumulative Perpetual Preferred Stock, Series D (CUSIP:67103X409)
- Preferred stock dividends are payable on October 15, 2015, to holders of record on October 1, 2015, with an ex-dividend date of September 29, 2015.
OFG Bancorp, a financial holding company, provides various banking and financial services primarily in Puerto Rico. It operates in three segments: Banking, Wealth Administration, and Treasury.
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