RALEIG, N.C. - (09/14/05) -- Coastal FCU said it has signed asecond multi-year contract with Time Warner Telecom to provide allof its voice, video and Internet services for its network ofbranches, headquarters, ATMs and disaster recovery site. Thecompany is currently installing IP-based Virtual Private Networkservices to 21 Coastal FCU ATMs, which will be completed inOctober. Earlier this year, Time Warner Telecom installed VersiPak,a bundled voice and data network solution, in all of the creditunion's locations. The company also installed a wide-area metroEthernet solution called Extended Native LAN and Ethernet InternetService with 100 Mbps connectivity between Coastal FCU's Raleighheadquarters and its Charlotte data facilities for businesscontinuity.
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Zions Bancorp. is among the latest banks to report material losses due to alleged borrower fraud. Stocks of regional lenders plunged on Thursday.
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Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.
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The Buffalo-based bank said Thursday that the paring of its CRE loan book, which has nearly halved in volume over the last three years, may be near its inflection point.
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The BNPL lender is launching a three-day shopping event that pushes 0% financing offers to draw more consumers into the app and increase sales volumes for merchants ahead of the holiday season.
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While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said.
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Amid growing deepfake threats and successful biometric bypass attempts by fraudsters, the bank added an extra layer of security to strengthen the authentication process.
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