GLENDALE, Ariz. - (01/27/06) Arizona State Savings & CUannounced Thursday it has signed a five-year contract with DigitalInsight to implement the companys Internet Banking and BillPayment and Presentment services. The $1 billion credit union plansto migrate its 40,000 online banking and 8,000 bill pay users tothe Digital Insight system from an in-house platform. The deal willgive credit union members access to bill payment and presentment,online statements, check imaging, funds transfer, as well as directconnect and web connect features that enable Quicken and MicrosoftMoney users to seamlessly interact with their personal financialmanagement software.
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The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
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Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
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Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.
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The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.
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American Banker data finds that a majority of executives investing in technology expect payments enhancements in the immediate future as well as further out.
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American Banker is accepting applications for the Best Banks to Work For program. The annual ranking, which is now in its 14th year, is a showcase of banks that prioritize strong employee engagement, a positive corporate culture and plenty of employee support.
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