CALUMET CITY, Ill. – Illiana Financial CU said it plans to introduce electronic banking, bill payment and mobile financial services in June through PM Systems Corp.
The $150 million credit union will also offer online lending, electronic funds transfers and online membership enrollment through the deal.
PM Systems, based in Chapin, S.C., provides online banking services to more than 60 credit unions.
Congress has little time to move on the CLARITY Act before it breaks for recess. But even that bill won't ensure the future for stablecoins.
Neither company would say how many patents the deal covers, whether either paid the other, or whether USAA pressed its claims first.
Bond yields rose after Federal Reserve Chair Kevin Warsh's second press conference last week, and bankers may have to accept higher rates as the price of a more parsimonious Fed.
Banco Santander's pending acquisition of Webster Financial got approval from the Federal Reserve Board about five months after the deal was first announced.
Brokerages are too dependent on the billions they make every year from clients' uninvested cash, industry analysts say. LPL is responding with a long-term review of its pricing.
The social media app has partnered with Cross River to manage tasks such as compliance and deposit insurance. But fintech experts say more work is needed before X can threaten traditional banks.
