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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The Federal Reserve's new chair wants to change the way the central bank communicates with markets and the public. What those changes ultimately amount to could represent a major shift in an agency that has made transparency a guiding light for decades.
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
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The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
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The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
June 22 -
The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
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