BURBANK, Calif. - (10/04/04) -- Lockheed FCU said it has addedalmost 1,000 new users of its electronic bill payment service insix weeks by offering new users entry in a $1,000 cash give-away.The promotion entered new and existing users in a random drawingwhich awarded the winner with one bill payment of up to $1,000. Asmany as three winners were chosen each week. Costs for thepromotion were just $4,100 because most of the bills selected bythe random drawing were under $1,000. The credit union uses PSCUFinancial Services' PayLynx for its e-bill paymentservice.
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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