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.
Community banks and state banking groups are seeking structural reforms rather than a simple coverage increase.
The payments division of the country's largest bank posted $4.9 billion in revenue in the third quarter as transaction volumes in merchant services outpaced volume in 2024.
SEO Steve Squeri told analysts its Platinum card upgrade has gotten off to a strong start, and added he's not noticing signs of consumer weakness due to recent political battles.
The Cincinnati, Ohio-based bank delivered third-quarter earnings that mostly met expectations, even as it took a $200 million blow to credit.
The Charlotte, North Carolina-based bank reported net income of $1.45 billion for the third quarter and earnings per share of $1.04, which beat analysts' forecast of $0.99 per share.
Earlier in the day, Fed Gov. Stephen Miran chastised the Fed for wading into politics under the Biden administration, as he currently takes unpaid leave from President Donald Trump's top advisory council.
