Credit Union ONE has reached an agreement with Oakland University to be its exclusive on-campus financial service provider. The credit union plans to offer an enhanced identification card for students, faculty, and staff called the SpiritCard Plus, which has ATM and MasterCard debit capabilities. It will also function as a building admittance key and library card as well as access card for purchases at the university's dining and retail centers, and bookstore. Cardholders can also use the SpiritCard Plus to perform PIN- and signature-based debit transactions. Other plans call for Credit Union ONE to open a branch on-campus and to co-brand a website and marketing materials.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
September 12 -
Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
September 11 -
The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
September 11 -
Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
September 11 -
Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
September 11 -
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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