PSCU Financial Services has entered into a strategic alliance with Ongoing Operations LLC, and made an equity investment of $250,000 in the disaster recovery CUSO. Under the deal, PSCU Financial will market the Maryland-based CUSO's business continuity services to its 500 credit union member/owners and Ongoing Operations will market PSCU Financial's CUAlways 24/7 call center solution as part of the disaster recovery services. In addition, PSCU Financial agreed to invest $250,000 into the CUSO. Ongoing Operations is owned by seven mid-Atlantic state credit unions.
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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.
July 3 -
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.
July 3 -
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