The $177-million Mon-Oc FCU is backing a new account acquisition program that automatically enters members into a contest to have their winter heating bill paid. The "Turn Up The Heat" promotion will run until Feb. 28, and one lucky member will be drawn to have their winter heating bill paid up to $1,500. The more accounts a member opens, the greater their chances of winning.
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
The reported reversal comes after the industry worried verifying citizenship would strain banks and push customers out of the system.
Some of the country's largest financial institutions are rolling out stablecoins. With the right strategy, community and mid-tier banks can also reap the benefits of the new payment rail.
At a Transact event on career management for women in payments, leaders from Visa, NMI and elsewhere discussed embracing new and unknown ideas as a way to stay vital.
A first look at the capital plan suggests it moves the real estate finance industry closer to changes it lobbied for, but the devil may be in the details.
