Fifth Third Bank's Treasury Management division has announced a strategic relationship with Revenue Management Solutions (RMS), a medical payment and remittance system provider.   » Continue Reading

NetDeposit has announced a new offering designed to provide financial institutions with the ability to support their commercial customers in electronically processing checks under the new Back Office Conversion (BOC) rules. NetDeposit's support of BOC provides financial institutions the tools and technology necessary for them to quickly take advantage of BOC and extend the advantages of remote deposit capture (RDC) throughout their retail and commercial markets.   » Continue Reading

MasterCard has announced that its Board of Directors approved an amendment to its certificate of incorporation designed to facilitate an accelerated, orderly conversion of Class B common stock into Class A common stock for subsequent sale. In a related decision, the Board approved two additional items for 2007: the conversion of up to 13.4 million shares of Class B common stock into Class A common stock, and the repurchase of up to $500 million of Class A common stock in open market transactions, each of which is subject to stockholder approval of the amendment to the certificate of incorporation at the Company's June 7, 2007 annual meeting of stockholders.   » Continue Reading

In conjunction with its upcoming annual meeting to be held Thursday, June 7, 2007, MasterCard has filed a preliminary proxy statement with the SEC that includes discussions regarding the election of directors, executive compensation matters, and a proposed change in the company's certificate of incorporation to allow, under certain circumstances, an earlier conversion and sale (prior to May 31, 2010) of stock by Class B (bank) shareholders.

MasterCard Worldwide and USA Technologies have announced that Coca-Cola Bottling Company United Inc., the third largest bottler in America, is installing cashless payment technology in vending machines.   » Continue Reading

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