DALLAS - (03/24/06) -- Entrust Inc. filed a patentinfringement suit Wednesday against Addison Avenue FCU claiming thecredit union giant implemented an online authentication system thatinfringes its grid authentication patent. The Entrust patent coversall methods for online log-on some form of grid authentication withor without an accompanying password. Entrust claims the $1.8billion credit union deployed its online authentication technologywithout a license from Entrust. The suit was filed in U.S. DistrictCourt for the Northern District of California. An official with thecredit union said they had no comment on the suit at thistime.
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The ICBA opposed Coinbase's filing for a trust charter in a public letter as Comptroller Jonathan Gould defended the fintech charter process on Tuesday.
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After more than a quarter-century as a regulator, Jason Sisack had planned to enjoy some time off before taking a new job. He reversed course once Carver, which is operating under an enforcement action, approached him.
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Comptroller of the Currency Jonathan Gould said Tuesday that chartering compliant fintechs is "the only way" to level the playing field between banks and nonbanks. His comments come as the Office of the Comptroller of the Currency weighs new trust charters and stablecoin rules.
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With the U.K. and U.S. giving a green light to the company's $22.7 billion scale-building deal to buy Worldpay, Global Payments has begun its integration strategy.
November 4 -
Federal Reserve Vice Chair for Supervision Michelle Bowman said she wants banks to be competitive in the digital assets space, provided those operations are siloed from the traditional finance side of the business.
November 4 -
Susan Riel, who helped found Eagle Bancorp nearly three decades ago, will step down as CEO in 2026. The bank is embarking on a search for her successor.
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