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.
-
First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
September 12