HONOLULU, Hawaii - (07/28/04) -- Pacific Processing Partners, LLC, ajoint venture between Hawaii USA FCU and WesCorp FCU, has beenlaunched here. The new CUSO will provide image-enabled checkprocessing services for credit unions located throughout theislands. The processing center is located inside HawaiiUSA FCU'smain office in downtown Honolulu and had been clearing share draftsfor members of the CU. WesCorp plans to migrate all items from itsexisting 54 credit union member clients to Pacific ProcessingPartners over the course of the next five months. The CUSOanticipates total volumes will exceed 1,000,000 items per month atthat time and has the capacity to accommodate more items andclients.
-
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.
10h ago -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
11h ago -
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.
11h ago -
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.
11h ago -
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.
11h ago -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3