Credit Union 24, Inc., which provides ATM and POS network services to more than 410 credit unions in 23 states, said it is entering into an alliance with Genpass, Inc., manager of the MoneyPass surcharge-free EFT network and the second-largest ATM driver in the U.S. Under the agreement, CU24's CU HERE surcharge-free program and MoneyPass participants will be able to obtain surcharge-free ATM withdrawals at each other's ATMs.
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The payments division of the country's largest bank posted $4.9 billion in revenue in the third quarter as transaction volumes in merchant services outpaced volume in 2024.
3m ago -
SEO Steve Squeri told analysts its Platinum card upgrade has gotten off to a strong start, and added he's not noticing signs of consumer weakness due to recent political battles.
57m ago -
The Cincinnati, Ohio-based bank delivered third quarter earnings that mostly met expectations, even as it took a $200 million blow to credit.
4h ago -
The Charlotte, North Carolina-based bank reported net income of $1.45 billion for the third quarter and earnings per share of $1.04, which beat analysts' forecast of $0.99 per share.
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Earlier in the day, Fed Gov. Stephen Miran chastised the Fed for wading into politics under the Biden administration, as he currently takes unpaid leave from President Donald Trump's top advisory council.
October 16 -
CEO Chris Gorman applauded what he sees as a transformation of bank regulation since President Trump took office. He described a shift from layers of exams and documentation to a streamlined focus on liquidity, capital and earnings.
October 16