ORLANDO, Fla. - (06/13/06) CFE FCU announced it has signeda long-term agreement for PSCU Financial Services to provideprocessing support for the credit unions signature debitprogram. The credit union also signed a five-year contractextension for credit card processing services with PSCU. The $950million credit union, known till recently as Central FloridaEducators FCU, plans to use the PSCU processing to leverage severalother credit products, including a new Platinum card program withrewards and customized account management and pricing features. The69-year-old credit union will also use PSCUs AdvisorsPlusservice to develop new cardholder retention, activation,profitability and targeted marketing strategies.
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Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.
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The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
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Former City National CEO Kelly Coffey has a new venture in wealth management; Erin Siegfried is Northwest Bancshares' new chief legal counsel and corporate secretary; Flagstar Bank secures OCC approval to merge its holding company into the bank; and more in this week's banking news roundup.
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The regional bank has launched a digital student banking center that's part of a broader strategy to focus on relationship-building.
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The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.
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An updated deposit insurance reform bill from Sens. Bill Hagerty, R-Tenn., and Angela Alsobrooks, D-Md., would raise deposit insurance for business accounts to $10 million, exclude the largest banks from coverage and insulate community banks from footing the bill.
October 10