SAN FRANCISCO - (12/08/05) -- Patelco CU announced Wednesday ithas signed a three-year contact with AT&T Inc. to provide itwith network services for its main headquarters and 37 branches.The deal calls for AT&T companies to deliver network-basedVirtual Private Network services for secure MPLS-based IP networkconnections to the company's branches, ATMs and service centers.AT&T companies will also provide network management servicesand will serve as the primary provider of voice and data servicesfor the credit union.
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Jack Dorsey's payments company also laid off employees early in 2025 and 2024 following a self-imposed employee cap of 12,000 in November 2023.
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Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
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Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hard-line stance on modifications.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
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Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6





