NEW CASTLE, Del. - (12/08/05) -- The Delaware CU League announcedWednesday it has named Patrick Mahaney, a long-time volunteer withDEXSTA FCU, as its new CEO. Mahaney is a 25-year volunteer withDEXSTA FCU in Wilmington, Del., and has served as chairman, Mahaneyrecently retired as senior facilities administrator for Dupontafter 30 years. Mahaney succeeds Robert Walls, who left the leaguelast year to take over as CEO of the New Jersey league earlier thisyear.
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Market watchers expect the Federal Open Market Committee to announce a 25 basis point rate cut today, but are also watching for signals of more cuts to come and how many members push for a larger 50 basis point cut.
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A bill on reciprocal deposits passed the committee unanimously, while another measure on custodial deposits passed by a wide, bipartisan margin.
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The payment company has made a series of moves to bolster its stablecoin and other coins to build a market for digital assets. Its Links feature adds to the strategy.
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Google has launched its Agent Payments Protocol, an open protocol that establishes a payment-agnostic framework for users, merchants and payments in agentic AI. Payment companies such as Adyen, American Express, Mastercard and PayPal helped develop the protocol.
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Prosecutors say Daryl Heller lured 2,700 investors with promises of safe ATM profits but misappropriated $185 million.
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The companies have signed a new data-sharing agreement that includes an undisclosed pricing structure. Plaid said it will not pass the new costs on to its clients.
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