ST. PETERSBURG, Fla. - (08/17/04) PSCU Financial Services is back up andrunning at its offices after shutting down here in anticipation ofHurricane Charley's arrival and moving operations, including phonecalls, to its back-up facility in Phoenix. After the storm passedto the south and then west of its facilities, PSCUFS restarted itscard processing operations in St. Petersburg at 8 a.m. Saturday,Aug. 14. Chief Marketing Officer Brian Crawford credited thecompany's Business Continuation Plan, which by coincidence just twoweeks earlier it had announced was now tested and in place.Crawford said PSCUFS has been in touch with client credit unions inthe Orlando area, but had been unable to reach some of them. "A lotof work has gone into this plan over the past 15 months," saidCrawford. PSCUFS is owned by more than 500 credit unionsrepresenting eight-million credit/debit cardholders.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








