VIENNA, Va. - (03/22/05) -- Navy FCU said it has expanded itsrelationship with PAR3 Communications to use its hostednotification system for credit card fraud to collect past due cardpayments. Navy Fed first used the system, delivered in partnershipwith TSYS, in 2003 to notify members about suspicious card activityfaster and cheaper than its dialer-based system. Success with thesystem led the credit union giant to use the solution to help itcommunicate with members on delinquent accounts. The PAR3 systemhas helped Navy fed increase collections, reduce the rolls ofdelinquent accounts and improve agent productivity.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
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.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
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.
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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.
July 3 -
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.
July 3