CashEdge has announced that it facilitated the acquisition of more than $4.5 Billion in assets for its financial institution clients during 2008 through its online account opening and funding products – OpenNow/FundNow and OpenNow/FundNow Express, an increase of more than 27 percent from 2007. READ MORE »

The Press Association in the UK reports that "one in four Britons have been the victim of credit or debit card fraud, research has shown. Around 26% of people have now had their card used fraudulently, up from 21% when the same research was carried out 12 months ago, according to life assistance group CPP."

Wells Fargo announced 4Q2008 financial results this morning. Average core deposits grew at by 31 percent (annualized) from the prior quarter and the low cost of those deposits gives Wells Fargo the widest net interest margin in the industry. Credit card loans outstanding grew 25% from the year ago quarter to $23.5 billion.

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