ATLANTA – Federal antitrust regulators approved CheckFree Corp.’s acquisition of Corillian Corp., marrying the two providers of online banking services to banks and credit unions, CheckFree announced yesterday. The company said it then completed the $5.15-a-share, $245 million acquisition of Corillian. It was the second major deal in the last two months for CheckFree, which acquired Carekker Corp. for $180 million in March.
OUSD, the new stablecoin from Open Standard, a consortium of more than 140 banks, fintechs, payments companies and crypto firms, has drawn interest, in part due to its shared economics model.
The purchase could bolster Stripe's merchant credit product as rivals such as PayPal and Square make similar moves.
A Treasury proposal would remove race and ethnicity from the criteria community development financial institutions can use to establish a targeted market population, a move that could affect institutions serving minority communities.
A top official at the Office of Inspector General says significant budget cuts will force large layoffs and essentially eliminate enforcement activities.
Technical hurdles and depositor inertia get in the way of Meta Muse or another AI agent sweeping all consumers' deposits out of their banks any time soon.
Discussions about what David Solomon's longtime heir apparent might do as CEO surfaced following news reports that Waldron could take over as soon as next year.
