VIENNA, Va. - (07/07/05) -- Navy FCU said it has renewed acontract with TSYS to process the credit unions giant's one millioncredit card accounts for another five years. TSYS has processedNavy Fed's card accounts since 2000. The $24 billion credit unionsupports its consumer credit-card accounts with TS2, the company'spayments engine, and uses a variety of other services offered bythe Columbus, Ga., company.
The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.
The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.
American Banker data finds that a majority of executives investing in technology expect payments enhancements in the immediate future as well as further out.
American Banker is accepting applications for the Best Banks to Work For program. The annual ranking, which is now in its 14th year, is a showcase of banks that prioritize strong employee engagement, a positive corporate culture and plenty of employee support.
