VERNON HILLS, Ill. - (08/20/04) Baxter Credit Union (BCU) said thenumber of members who have signed up for online bill pay grew 33%in the just-ended three-month period in which it offered theservice free. It offers the online bill payment product throughPSCU Financial Services, St. Petersburg, Fla. Baxter said growth ofthe service had been stagnant prior to moving towaive fees effective April 1. Its offer, designed to boost memberloyalty, was open to all Rewards members who haveeither direct deposit of at least $500 per month, $25,000 ondeposit in any account, hold $20,000 in a single Skyline MoneyMarket account, or members with Advantage Plus checking accounts.Those members continue to receive the service at no charge, as domembers who make three payments in one month receive the servicefree regardless of Rewards status. Non-rewards members pay anominal monthly fee.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
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Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
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A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
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