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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Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
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The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
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Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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