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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American Banker research finds that while more than 30% agree buy now/pay later is good for banks and consumers, the majority of respondents are unconvinced.
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The Iran war's disruptions have sent oil prices jumping, but drillers are far more disciplined than they were a decade ago.
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The FDIC moved quickly on Friday to sell $288 million in assets Community Bank and Trust – West Georgia to Anchor Bank, but the sale announcement leaves the fate of $27 million in uninsured deposits to be determined.
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Market watchers think Jerome Powell will maintain a low-key presence on the Fed board as he awaits the release of an inspector general report examining cost overruns at the central bank's headquarters.
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Banner Bank is poised to merge with Bank of the Pacific in an all-stock deal valued at $177 million. The two Washington-based commercial banks both have branches in Washington and Oregon.
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