FORT WORTH, TEXAS - (05/11/05) American Airlines CU said itand New Mount Zion Baptist Church CU, a small community developmentcredit union start-up, have won the contract to take over the ATMconcession at Dallas/Fort Worth Airport beginning in June 2005. Thecontract involves 21 ATMs spread across five different DFW AirportTerminals and other airport facilities, and will serve the morethan 20-million airline passengers who pass through the airporteach year. The five-year contract requires that 70% of surchargerevenues be paid to the airport. The $740,000, 3,000-member NewMount Zion Baptist Church CU primarily serves minorities and has a5% participation in the contract.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
September 11 -
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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