ANCHORAGE, Alaska – Credit union-owned Alaska Option has licensed the S1 Payments solution for its EFT switch and processing platform.
Alaska Option selected the open-systems architecture from S1 to replace its current system, which has been in place since 1998.
Alaska Option is owned by seven financial institution, including Alaska USA FCU.
Federal Reserve Gov. Stephen Miran Thursday said that the Iran war and tariffs will not have long-term impacts on inflation, but did say he is reconsidering his rate cut outlook for the year.
The Office of the Comptroller of the Currency sent an interim final rule to the Office of Management and Budget that would preempt a controversial Illinois state law banning the collection of interchange fees on taxes and tips interchange.
This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power.
The Providence, Rhode Island-based bank's net income rose 39% during the first quarter. Higher net interest income and continued growth in its still-fledgling private bank were factors.
The Minneapolis company boosted revenue, kept operating expenses in check, and beat analysts' first-quarter earnings expectations.
America's oldest bank enjoyed a 33% increase in its bottom line, as economic turbulence fueled business and the company's efforts to improve efficiency and boost cross-selling paid dividends.
