CUSA Technologies, a unit of Fiserv, Inc., honored four credit union clients with its Partners in Progress Award, created to recognize clients that have made the greatest impact on the progression of CUSA Technologies in a single year. CUSA Technologies selects clients from each of its data processing product groups to receive the annual award. This year, Anoka Hennepin CU of Coon Rapids, Minn., was selected as the Partner in Progress for the CUSA Reliance System. Dane County CU of Madison, Wis., and Holyoke Community FCU of Holyoke, Colo., were selected as the Partners in Progress winner for the CUSA Management System. Harlingen Area Teachers Credit Union of Harlingen, Texas, was selected as the Partner in Progress for the CUSA OnCU system. The awards were made at CUSA Technologies' National Conference.
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In this week's edition of the American Banker news quiz, gauge your understanding of topics like Trump's ongoing criminal trial, alleged misconduct within the Federal Deposit Insurance Corp., industry succession planning and more.
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Many banks got shares in the lucrative payments network when it went public in 2008. Some of them are now looking to sell in order to offset losses on their sales of underwater bonds.
9h ago -
Depositors are still flocking to online-only banking platforms offered by companies such as Ally, Capital One and Discover. But overall customer satisfaction took a "statistically significant" drop, according to a new J.D. Power report.
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Executives of Allegiant, Breeze and Spirit complained to the heads of the Consumer Financial Protection Bureau and Department of Transportation that the relationships between big banks and big airlines are anticompetitive. Consumer advocates also questioned whether large airlines are delivering on promised rewards and if consumers are racking up debt to accrue miles and points.
May 9 -
The Federal Reserve Thursday released a report on its climate stress test pilot assessing the impact of climate change on big bank portfolios and found that loan defaults could increase as a result of climate events and shifts toward a lower carbon economy.
May 9 -
Banks are turning to the same hyperscalers for cloud computing and generative AI. Some wonder what the consequences will be down the road.
May 9