ORLANDO, Fla. - (03/30/06) Fairwinds CU has introduced aRelationship Rewards loyalty program. Fairwinds members will earnRelationship Rewards points based on their complete relationshipwith the credit union and can redeem them for lower loan rates,premium rates on CDs and lower fees on services. The credit unionsaid the program is different from others because it rewardsmembers for their entire relationship, not just a credit card orchecking account. For every dollar earned or paid in interestmembers will earn one reward point. For every year of membershipthey will receive 100 rewards points.
-
Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





