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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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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