DALLAS - (12/13/05)Four more credit unions haveselected TNB Card Services as their credit card processor. Three ofthe credit unions moved their business from other processors, whileone of them launched a credit card program for the first time, thecredit union-owned company said. None of the credit unions has soldtheir portfolios to TNB. For info: The new processing clients areUnited SA FCI of San Antonio, Texas; Woodlawn Auto Workers FCU ofBlasdell, N.Y.; PCM Employees CU of Green Bay, Wis., and MoogEmployees FCU of East Aurora, N.Y. In the case of United SA, itwill be rolling out its Platinum card program with a 1% cash-backrebate.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
September 12