Reporters and other staff with the Associated Press who covered the Summer Olympics in Greece carried stored-value Visa cards developed specifically for them by Card Services, an affiliate of the New York State Credit Union League. The card was developed over the past year in conjunction with Associated Press (AP) EFCU, New York City, to ensure AP's 300 staff members had funds at their disposal while they covered the XXVIII International Olympiad. The cards were reloadable, so they could be replenished with U.S. dollars, which were then converted to Euros that AP staff could access as cash at ATMs or for point-of-sale purchases. Each AP staffer received a Visa card with a predetermined set value from Bud Weydert, director of special events for AP. If additional value needed to be added to the cards, Weydert only had to e-mail Card Services, let them know which card(s) needed to be reloaded and with what dollar amount. The cards expire at the end of this year.
-
A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
6h ago -
The bank and fintech entered an agreement to expand open banking ahead of the CFPB's new 1033 rule and announced joint fraud-combatting product improvements.
7h ago -
A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.
7h ago -
Investors claim JPMorganChase collected fees while ignoring suspicious transfers linked to a $328 million crypto Ponzi scheme.
7h ago -
Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
8h ago -
Billy Beale, who was hired to clean up Virginia-based Blue Ridge Bankshares after its failed foray with fintechs, has left the $2.4 billion-asset company. His successor is Harry Golliday, who was named interim CEO.
9h ago











