The Credit Union 24 Network reported it hit an all-time high in monthly transaction volume, approaching 18-million transactions routed through the EFT network in December of 2005. The record-setting month reflects an increase of approximately 23% in transaction volume over December of 2004, Credit Union 24 stated. ATM and point-of-sale (POS) transaction volume in 2005 grew by nearly 30% over 2004 numbers to more than 182 million transactions. "Credit Union 24's consistent transaction growth stems from the network's efforts not only to attract more credit unions and cardholders, but also to broaden our credit unions' ATM and POS access," said Credit Union 24 President Jim Park.
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As it rolls out dozens of new products to up its game in stablecoins and artificial intelligence, the payment company is also working with sellers wishing to expand activities involving non-U.S. corridors.
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Jim Richards, who served as the bank's head of anti-money-laundering compliance, says the Federal Reserve is wrongfully denying him compensation that was designed to keep him employed at Wells Fargo.
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New Jersey-based ConnectOne Bancorp received FDIC approval for its merger with First of Long Island Corp; lending-services fintech Oportun makes changes to its board of directors; Associated Banc-Corp's Steven Zandpour will succeed David Stein as head of consumer and business banking; and more in this week's banking news roundup.
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While Vista Bank is focusing on organic growth in Florida, it's positioning itself as a Texas buyer.
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The Trump administration says it will nominate Jonathan McKernan to serve as Treasury undersecretary for domestic finance. McKernan has already been nominated as the next director of the Consumer Financial Protection Bureau.
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The man who blew the whistle over the incident says the bank fired him in retaliation for reporting what he called a "significant security breach."
10h ago