DALLAS – Resource One CU said yesterday it has signed a new three-year contract with AT&T for networking and managed telecommunications services. AT&T will implement an MPLS-based Virtual Private Network, as well as Managed Internet Services at the credit union’s multiple locations, providing increased bandwith and always-available Internet, and establishing a convergent, Internet Protocol-based network. The VPN will allow the $200 million credit union to prioritize data for greater network efficiency. The increased bandwith will allow the credit union to adopt Voice over Internet Protocol technology.
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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