SAN ANTONIO - (02/07/06) -- Payment Data Systems announcedMonday it has signed with Shelby Systems Inc. to allow more than8,500 churches across the country allow their congregants to maketheir regular donations online. The deal will allow the churches toaccept credit cards online for donations or to pay for services,like religious school, summer camp of conferences using Shelby's'e-Give' or 'e-Registrations' software. Shelby said the new systemwill allow congregants to maintain their pattern of donationsregardless of illness, work or vacation that may hinder regularchurch attendance. Shelby, based on Cordova, Tenn., has developedfinancial management software and tools for non-profits andfaith-based organizations for more than 30 years. Payment Dataspecializes in developing and marketing electronic payment productsand services.
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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





