THE market

PURCHASE, N.Y.—In an effort to help customers control their budgets and manage their finances, MasterCard is launching a new installment payment program in several European countries later this year.

OLYMPIA, Wash.–Q Cash Financial, which began its life inside a credit union and is now a startup provider of automated, cloud-based, omni-channel small dollar lending platform for financial institutions, said it continues to add clients and grow its business..

RALEIGH, N.C.–Sageworks, a provider of credit risk and risk management solutions, has announced a series of a product enhancements and new solutions. New products include Sageworks Credit Analysis with Nonprofit Lending, Credit Report Access and ALLL Forecasting. 

DES MOINES, Iowa– Payments processor TMG (The Members Group) today announced veteran sales strategist Daniel Laferla has joined the growing company as vice president of sales.

WYOMING, Minn.– To improve the credit union collection file process, CU Recovery said it has implemented significant updates to its Secure Document Exchange. 

PURCHASE, N.Y.–Quorum FCCU is reporting “significant time savings and operational improvements” since implementing jhaEnterprise Workflow, a fully automated workflow solution that streamlines and standardizes business processes for financial institutions from Symitar, a unit of Jack Henry, according to the company.

AUSTIN, Texas – Malauzai Software, a provider of  mobile and Internet banking SmartApps for community financial institutions, said it ended  2015 on a high note, clocking in a record number of financial institutions that now use its mobile banking solutions.