HALES CORNERS, Wis. - (09/10/04) -- Corporate Central CU has signed withElan Financial Services to offer ATM and debit card processing tocredit unions and CUSOs nationally. Under the deal, credit unionswill also have the option to participate in Elan's Fastbank ATMNetwork, which provides surcharge-free and deposit-taking ATMs in34 states. That network now has 3,600 surcharge-free ATMs availableand 3,400 ATMs that accept deposits. Separately, Credit Union 24said it signed with Elan to allow credit unions to offer a widerrange of products to their merchant account holders, includingelectronic payment processing services to their business accounts.Elan is a wholly owned subsidiary of US Bancorp.
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Execs say other banks are still more of a rival for deposits than the digital currency.
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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