COLUMBUS, Ohio - (01/23/06) -- Alliance One, an ATM network managedby Corporate One FCU, announced last week it is waiving its $250annual membership fee this year for its credit union members thatrefer other financial institutions to the network. The network willalso wave the member credit union's participation fee through 2010if the credit union refers three or more financial institutionsthat join Alliance this year. Alliance One is a selective-surchargeATM network for credit unions and other financial institutions. Aselective-surcharge ATM network allows card holders to use ATMs inthe network for free if they have an account with a financialinstitution in the network. Costs to join Alliance One usuallyinclude a one-time $300 implementation fee and the $250 annual fee.The incentive program was introduced to grow membership,particularly in the South. About 800 of the network's approximately1,000 member financial institutions are in the Great Lakes region..Alliance One has more than 3,600 ATMs in 37 states, Puerto Rico andthe District of Columbia.
-
Federal Reserve Vice Chair Michelle Bowman said the Fed's proposed capital framework will inject up to $100 billion into the economy to support small-business loans.
6m ago -
House Financial Services Chairman French Hill is pushing regulatory relief for banks, reforming the Consumer Financial Protection Bureau and advocating a "whole-of-government" assault on fraud.
1h ago -
Recurring payments for stuff like streaming content can get lost in the shuffle, creating an opportunity for the big card brands.
2h ago -
New survey data finds little correlation between increased AI spending and layoffs in financial services. But many executives said they expect job cuts at their companies in the next 12 months.
3h ago -
The stalemate over stablecoin yield leaves both sides uneasy, but ultimately favor banks.
5h ago -
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
March 31










