COUNTRYSIDE, Fla. - (01/18/05) -- Members at Eastern Financial FloridaCU will be able to talk with their teller on a 10-inch video screenand exchange transactions via pneumatic tube like drive-thrucustomers--but just not live in the credit union's newest high-techbranch. Aimed at deterring robberies, while improving efficiency,the $1.6 billion credit union is installing the virtual system,known as Xpress Teller, at new branches across the state. TheCountryside branch, one of 17 area financial institutions robbedlast year, also features other high-tech amenities, including anInternet Cafe for online banking and access to the safe depositboxes via biometric handprint-recognition technology.
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BNY, Huntington Bank, U.S. Bank, American Express, Visa, Mastercard, Stripe, and Coinbase are just a few of the companies that have signed on to use the dollar-backed stablecoin issued by technology firm Open Standard.
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Securities and Exchange Commission Chair Paul Atkins said tokenized bank deposits are likely to be a reality in 2027, and added that he is working with banking agencies on digital assets and capital requirements.
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After two different community bank M&A deals, Flagstar Bank consolidated its data centers from six facilities to two as part of its tech integration strategy.
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The bank deepened its relationship with Circle Internet Group, letting institutions store, transfer, mint and burn USDC.
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As a subsidiary of Bank of America, Merrill uses a BofA software program to monitor and report suspicious activity. For years, the Securities and Exchange Commission says, that program fell short.
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The Federal Deposit Insurance Corp. says executives "gambled" with depositor funds, while the former parent company argues regulators are using hindsight to second-guess what were reasonable business decisions at the time.
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