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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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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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.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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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.
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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.
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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.
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