SDCCU Goes With ZashPaySAN DIEGO-San Diego County Credit Union is now offering same day payments capability via mobile devices following an agreement with ZashPay, which will allow members to set up recurring payments or to schedule payments as needed. The solution is part of Fiserv's CheckFree RXP platform.mFoundry Surpasses 400 ClientsSAN FRANCISCO-mFoundry, a provider of SaaS-based mobile banking and payment solutions, reported that more than 400 U.S. financial institutions have now selected mBanking, its flagship mobile banking and payments solution.For info: www.mfoundry.com.Ensenta, Mitek Team UpREDWOOD SHORES, Calif.-Ensenta, a provider of self-service remote deposit capture and risk management, said it has joined forces with Mitek Systems, Inc., a provider of mobile-imaging applications, to provide a wide-ranging mobile remote deposit solution.For info: www.ensenta.com or www.miteksystems.com.CoreLogic Intro's VOMSSANTA ANA, Calif.-CoreLogic. a provider of information, analytics and business services, has introduced Verification of Military Status (VOMS), a compliance and loan portfolio due-diligence solution as part of its Verification Services suite for verifying borrower data. VOMS allows mortgage servicers to quickly and accurately identify borrowers protected under the Service-members Civil Relief Act of 2003, the company said.For info: www.corelogic.com/voms.Granite Goes With FLEXSANDY, Utah-Computer Marketing Corp. reported its latest client, the $330-million Granite Credit Union in Utah, has gone live on its FLEX solution. This signing follows nearly 20 new client agreements throughout the nation over the past year, the company said of the system that is engineered in JAVA and serves the core processing needs of both on-line and in-house CUs. CMC now serves nearly 275 clients.Jwaala Signs KEMBAAUSTIN, Texas-Jwaala, an online banking provider, said that the $600-million KEMBA Financial CU, Columbus, Ohio, has gone live with its Better Online Banking (BOB) platform. For info: www.jwaala.comEllie Mae Slates ReleasesPLEASANTON, Calif-Ellie Mae, a provider of software and automation solutions, has announced the first of two annual releases scheduled for Encompass360. This release includes compliance upgrades, increased eFolder capabilities, new tools to help maximize trade management, multiple persona pipeline views, new zip code database configurations and other tools designed to help users better fulfill their daily operations. For info: www.elliemae.com.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
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The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
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The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
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Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
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Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
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A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
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