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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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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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.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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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.
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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.
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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.
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