CORPUS CHRISTI, Texas -- Navy Army FCU said it has signed Fiserv's LynxGate Solutions to implement its CAT ATM management suite and bring its ATM operations in-house. LynxGate's CAT product will allow the $415 million credit union to personalize messaging, design screens, balance and track down ATM issues quickly at its growing fleet of 12 ATMs. CAT operates on a Windows 2003 server and features a relational database and web-user interface. Navy Army FCU plans to install the CAT suite in August. Separately, Navy Army FCU said it has signed with Identity Theft 911 to offer the company's identity theft prevention and resolution service free to its members.
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After buying the failed Silicon Valley Bank, the Raleigh-based regional joined a growing number of banks fighting to serve Boston's tech startups, life sciences entrepreneurs and fund investors.
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Now that the Consumer Financial Protection Bureau has refused to request funding from the Federal Reserve System, many experts see the case making its way to the Supreme Court.
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The two regional banks, which are combining in a merger of equals, had previously said they expected to complete the deal sometime in the first quarter of 2026.
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The bank is a step closer to having its own U.S. dollar-pegged cryptocurrency. It could become the first major financial institution to issue a stablecoin.
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Recent high-profile ethics violations by senior Federal Reserve officials, including new revelations concerning stock trades by former Fed Gov. Adriana Kugler, have sparked debate over the effectiveness of the central bank's oversight, even as some observers stress such cases remain rare.
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The Swedish financial technology firm issued its first stablecoin and signed a gift card distribution deal with BlackRock. Also, EMVCo is examining AI's impact on processing and more in the American Banker global payments and fintech roundup.
November 26





