ST. PAUL, Minn. - (02/08/05) -- Deluxe Corp. said its DeluxeFinancial Services unit has teamed with First Data Corp.'s PrimaryPayment Systems Inc. to introduce a new service to help creditunions and banks fight fraud. Deluxe Detect, powered by EarlyWarning, is a new relationship-screening tool that allows financialinstitutions to reduce fraud at the new account desk by providingverification and reliable risk assessment in real time. Newapplicants are screened against the Early Warning databases, whichcontain public and non-public data, including contributions fromfinancial institutions and other financial services organizations.Deluxe Detect will also operate through Primary Payment Systems'Trusted Custodian model that protects financial institution datawhile rewarding the institutions with revenue sharing whencontributed information provides value to anotherinstitution.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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