BETHESDA, Md. - (02/28/05) -- Allpoint said Friday that ORNL FCU,with almost $800 million in assets, has joined its surcharge-freeATM network. The addition of Tennessee's third largest credit unionbrings to more than 60 the number of credit unions participating inthe two-year-old network. Allpoint will provide members of ORNLaccess to more than 475 ATMs in Tennessee, mostly locate dinretailers like Target, Costco, Golden Gallon and Winn Dixie.Allpoint claims more than 32,000 surcharge-free ATMs across thecountry.
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BNY, Huntington Bank, U.S. Bank, American Express, Visa, Mastercard, Stripe, and Coinbase are just a few of the companies that have signed on to use the dollar-backed stablecoin issued by technology firm Open Standard.
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Securities and Exchange Commission Chair Paul Atkins said tokenized bank deposits are likely to be a reality in 2027, and added that he is working with banking agencies on digital assets and capital requirements.
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After two different community bank M&A deals, Flagstar Bank consolidated its data centers from six facilities to two as part of its tech integration strategy.
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The bank deepened its relationship with Circle Internet Group, letting institutions store, transfer, mint and burn USDC.
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As a subsidiary of Bank of America, Merrill uses a BofA software program to monitor and report suspicious activity. For years, the Securities and Exchange Commission says, that program fell short.
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The Federal Deposit Insurance Corp. says executives "gambled" with depositor funds, while the former parent company argues regulators are using hindsight to second-guess what were reasonable business decisions at the time.
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