Two credit union organizations have entered into new agreements with Elan Financial Services, but for different types of services. The $1.5-billion Corporate Central Credit Union is joining with Elan to offer ATM and debit card processing to credit unions and CUSOs nationally, and noted that Elan's Fastbank Free network now has 3,600 surcharge-free ATMs available and 3,400 ATM locations that accept deposits. Meanwhile, in Tallahassee, Fla., Credit Union 24 has joined with Elan to allow CUs to offer a wider range of products to their merchant account holders.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3