CORVALLIS, Ore. - (01/25/06) -- Several area credit union and bankscancelled debit cards this week after a security alert from Fair,Isaac & Co. indicated the cards may have been compromised. OSUFCU cancelled 1,200 of its members cards and began reissuing themimmediately after the accounts were flagged, according to CarlynRoy, chief operating officer for the $400 million credit union. Thenotice from Fair, Isaac last Friday came a few days after thecredit union detected some transaction activity on its accountsfrom eastern Europe. "We saw some activity coming out of Russia themiddle of last week so we put a block on those cards," Roy told TheCredit Union Journal. She estimated a 'handful' of her creditunion's accounts had been used by unauthorized third-parties. OSUFCU opened a branch last Saturday where it performed instant cardissuance for affected members, she said. By Tuesday about 755 ofthe cards had been replaced. Other institutions affected wereBenton County Schools CU, Central Willamette Community CU andCitizens Bank.
-
As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3