ST. PETERSBURG, Fla. - (05/03/06) PSCU Financial Services saidTuesday that Florida CU, of Gainesville, Florida, has agreed toconvert processing services for its debit and credit card accountsto PSCU Financial Services platform. The company will servicesignature debit accounts and credit card accounts for the creditunion, which has $290 million in assets and 41,000members.
The pending $369 million deal would bolster National Bank Holdings' footprint in Texas, where it currently operates as Hillcrest Bank.
The Minneapolis-based bank has rolled out payroll and bill pay features four months after unveiling a service to monitor card spending. An accounts receivable solution is on deck.
An alleged scandal involving the LA Clippers is just the latest reputation hit to the beleaguered fintech.
When JPMorganChase said it planned to charge aggregators for its customer data, it sparked strong feelings on all sides.
The card brand has added several tools that expand "agentic commerce," which adds artificial intelligence-based automation to shopping, service and checkout, innovation that's becoming popular with payment companies.
Execs say other banks are still more of a rival for deposits than the digital currency.
