Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
Members of new payment systems fraud group named
The Federal Reserve Board has announced the 22 members of its Fraud Definitions Work Group, part of an initiative to advance the Federal Reserve's strategy for improving the U.S. payment system. The group members will work collaboratively with Federal Reserve leaders to formulate recommendations for improving the quality and consistency of ACH, wire, and check fraud data.