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Avidia Bank Offers Real-Time Payments and Other Resources to Help FinTechs Grow

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HUDSON, Mass.–(BUSINESS WIRE)–#Payments–As part of its commitment to innovation and helping fuel the growth of businesses, Avidia Bank has dedicated resources to helping meet the financial and business needs of financial technology (FinTech) companies. Among the services the bank provides are payment services, which will soon include Real-Time Payments (RTP). Avidia was the first community bank in the country to sign on to this service available through The Clearing House (TCH), and currently offers faster payments through a push-to-card system that allows customers to pay people and small businesses using their cards.

In addition to delivering faster payment capabilities, Avidia now offers a range of other services to help FinTech’s build and grow their businesses, including a library of Application Programming Interfaces (APIs). These APIs allow FinTechs to offer customized banking platforms to their corporate partners.

“We understand that FinTech’s have very unique needs when it comes to building and managing their businesses. As a niche bank dedicated to innovation, Avidia Bank is nimble enough to deliver the payment and banking services and compliance expertise they require, but with a level of personal service that’s difficult to find today,” said Robert Conery, COO, EVP, Avidia Bank.

Avidia offers another valuable service to FinTechs – access to a unique marketplace where FinTech companies can connect with other developers as well as private equity, angel investors, and venture capital firms. “We want to provide all the tools that FinTech’s need to grow and succeed – at every stage. The marketplace makes it easy for them to connect with potential sources of funding as well as forge strategic partnerships with other FinTechs,” said Conery.

Avidia’s commitment to innovation and FinTech is highlighted in the Bank’s numerous awards, including FIS 2019 Impact Award Payment Innovation, NEACH, and NACHA “Payments 2019” – Payment Innovation Award. Additionally, the bank has helped power the success of a range of growing FinTechs, including Aliaswire, which has received awards for the Payvus Program, Direct Biller, Same Day ACH, and Payment Innovation Award.

To find out more about Avidia Bank’s FinTech partnerships and offerings, visit: https://www.avidiabank.com/business/fintech-partnerships

Avidia Bank based in Hudson is a community bank serving business banking, consumer banking and residential lending with additional locations in Marlborough, Shrewsbury, Framingham, Clinton, Leominster, Northborough and Westborough. Avidia Bank has been serving the region for 150 years.

Contacts

Katelin Cwieka

774-760-1214

k.cwieka@avidiabank.com

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Business Wire

GEICO’s Fredericksburg, Virginia ‘Pioneers’ Reflect on 25 Years in the Stafford County Community

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FREDERICKSBURG, Va.–(BUSINESS WIRE)–#Fredericksburg–Time flies at a company you love. Just ask Angela Cooke; she is one of the “pioneer” associates who was there when GEICO’s Fredericksburg Regional Office opened in 1994.


“I look back at that time and we were all in it together—one team,” she remembers. “I’m really proud and sentimental about it.”

The 25th anniversary of the opening of the Fredericksburg Regional Office has opened a floodgate of memories for other pioneers as well. Past and current associates from the first “pioneer” group took a look back at how much the company and the office have grown while still retaining its familial atmosphere.

“The expectation was that this would be the model for all GEICO offices around the country,” said former regional vice president John Izzo, who supervised the new office opening and celebrated a 38-year career with the company. “Helping establish our insurance operations here in Fredericksburg was one of the most rewarding experiences of my career,” he said.

Cooke, now a software engineering manager, remembers the cooperation and teamwork that were necessary to keep the office running smoothly and growing. “It was just a real sense of community and family when we first started.”

“Every day was definitely an adventure,” recalled Donna Stocking, who currently works as an HR representative.

The office had legendary picnics with dunk tanks and festive games, Field Day events which felt more like a family reunion than a corporate event, and holiday gatherings. That sense of camaraderie has existed since the company was founded in 1936 and helped GEICO grow into the second-largest auto insurer in the country, and the number one auto insurer in Virginia.

GEICO has a history of not only serving its customers, but also serving its local communities. Associates were—and continue to be—active in the community, volunteering their time and fundraising on behalf of hundreds of non-profit organizations.

“Fredericksburg associates have always been dedicated to helping in the community,” said current Regional Vice President Scott Markel, who was also part of that pioneer group. “Even back in the day, our associates were as committed to doing good works as they are to helping our customers.”

Over the past 25 years, GEICO’s Fredericksburg office and its associates donated more than $14 million to local charitable causes. Some notable items funded include handicapped-accessible playground, multiple busses and vans for summer camps, golf carts for law enforcement safe driving programs, child safety seat inspections and donations, and many other projects.

About GEICO

GEICO (Government Employees Insurance Company), the second-largest auto insurer in the U.S., was founded in 1936 and insures more than 28 million vehicles. For more than 80 years, the company has worked to make people’s lives better by protecting policyholders against unexpected events. As GEICO has grown, it has delivered money-saving coverage and outstanding customer service to policyholders through its investment in human resources and technology. GEICO is a member of the Berkshire Hathaway family of companies. GEICO also provides homeowners, renters, condo, flood, identity theft and term life coverages through non-affiliated insurance companies secured through the GEICO Insurance Agency, Inc. Commercial auto and personal umbrella coverages are also available. GEICO has a national workforce of 40,000 associates. GEICO sales representatives throughout the country are licensed insurance agents in order to help guide customers through coverage decisions. To make changes, report claims, print insurance cards and/or purchase additional products, policyholders can access their insurance policy here, connect via GEICO Mobile or by phone. Sales and service is also available at GEICO Local Offices. Visit www.geico.com for a quote or to learn more.

Contacts

GEICO Communications

gcorpcomm@geico.com

To view GEICO’s Blog: https://www.geico.com/more/

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Business Wire

PRICESMART 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against PriceSmart, Inc. – PSMT

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NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until July 22, 2019 to file lead plaintiff applications in a securities class action lawsuit against PriceSmart, Inc. (NasdaqGS: PSMT). Investor losses must relate to purchases of the Company’s securities between October 26, 2017 and October 25, 2018. This action is pending in the United States District Court for the Southern District of California.

What You May Do

If you purchased securities of PriceSmart and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-psmt/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by July 22, 2019.

About the Lawsuit

On October 25, 2018, the Company disclosed disappointing operating results for the fourth quarter and year ended August 31, 2018, as well as the discovery of a “balance sheet misclassification” requiring the restatement of certain financial statements and the resignation of its Chief Executive Officer.

The case is Harari v. PriceSmart, Inc., et al, 19-cv-00958.

About Kahn Swick & Foti, LLC

KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contacts

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

lewis.kahn@ksfcounsel.com

1-877-515-1850

1100 Poydras St., Suite 3200

New Orleans, LA 70163

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Business Wire

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Netflix, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

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LOS ANGELES–(BUSINESS WIRE)–$NFLX #NFLXThe Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Netflix, Inc. (“Netflix” or “the Company”) (NASDAQ: NFLX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Netflix announced its second quarter 2019 earnings on July 17, 2019. During the Company’s earnings call, as well as in its shareholder letter, it was revealed that Netflix gained only 2.7 million new subscribers against a forecast of 5 million new subscribers. Based on this startling news, shares of Netflix dropped by more than 13% over the next two days.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contacts

The Schall Law Firm

Brian Schall, Esq.

310-301-3335

Cell: 424-303-1964

info@schallfirm.com

www.schallfirm.com

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