ONTARIO, Calif. - (06/14/06) CO-OP Financial Servicesannounced Tuesday it is launching a debit rewards program withRewardsNow. Branded as CO-OP Member Rewards,' the new debitoffering will be available to member credit unions during the thirdquarter of 2006. Credit union cardholders using CO-OP MemberRewards will accumulate points for every dollar spent on theirdebit card. Members can then track and redeem those points througha customized Web site catering to CO-OP cardholders. A variety ofredemption options will be offered, including travel, merchandise,downloadable music and audio books, charitable donations and giftcards to leading retailers and restaurants. Participating creditunions will have 24-hour call center support and a full set ofcardholder marketing materials, including quarterly printedstatements, email statements, welcome kits and rewardscatalogs.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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