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TOM SAKASHSTAFF NEWSWRITER

Products Archive

Products

Newtek plans investor outreach campaign

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NEW YORK (3/12/08)--Newtek Business Services Inc. announced that it will initiate an investor outreach campaign to increase its visibility in the investment community. The company has hired Rubenstein Investor Relations and Jayne L. Cavuoto to launch the campaign. Cavuoto previously was director of investor relations at Delta Financial Corp. Cavuoto has more than 10 years of combined experience in investor relations and banking with a focus on financial services, the company said. Newtek, a provider of business services and financial products for the small- and medium-sized business market, offers electronic payment processing, business lending, web hosting, insurance services, web design and development, data backup, payroll, outsourced digital bookkeeping, tax preparation and advisory services and business plan preparation. Newtek is a CUNA Strategic Service provider of business services.

White papers address marketing channels 3rd-party security

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MADISON, Wis. (3/12/08)--How does one differentiate a credit union through emerging marketing channels? And how does one effectively work with third-party information security assessment firms? The answers are in two new white papers from the CUNA Councils. “Emerging Marketing Channels: Blogs, Word of Mouth, Buzz, Viral, and E-mail” is sponsored by the CUNA Marketing and Business Development Council. It defines each new channel and how it may help differentiate products in today's business environment. The paper also provides examples of how credit unions use each channel and why. It also contains a bibliography of books and references addressing emerging marketing channels for readers interested in more in-depth information. “Staying Ahead of the Bad Guys: Working With Third-Party Information Security Assessment Firms” is a white paper from the CUNA Technology Council. It reviews federal regulations that require financial institutions to provide adequate information security. The paper also explores how credit unions can develop effective partnerships with security assessment providers to evaluate their security measures and to test how well their data is protected. It features a number of considerations in hiring a security firm, plus the checks and balances necessary to ensure the assessments are effective and thorough. CUNA Council members can receive complimentary copies of the papers; non-members may purchase them at $50 per copy. The papers are available by using the link.

Digital Dialogue clients can join PSCU Financial Services

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ST. PETERSBURG, Fla. (3/12/08)--Digital Dialogue’s credit unions are eligible for membership in PSCU Financial Services, a credit union service organization, PSCU Financial announced Monday. Digital Dialogue is a wholly owned subsidiary of PSCU Financial Services. Under terms of the agreement, Digital Dialogue member credit unions can access credit card, debit, ATM, online bill payment, prepaid and small business solutions. Those who meet revenue requirements also can participate in the cooperative’s annual patronage dividend. The dividends are distributed to member-owners as tax-free dividends. At least 25% is paid annually in cash, while 75% is distributed in equity instruments. PSCU has issued more than $156 million in dividends since 1994. PSCU serves more than 1,100 financial institutions nationwide. Digital Dialogue operates two 24/7 call centers that specialize in member service support, new member acquisition, cross-selling and automated lending solutions for credit unions.