EAU CLAIRE, Wis. – Royal CU has contracted with iPay Technologies to provide its 113,000 members with bill-payment and small-business products.
Under the five-year pact iPay will also support the $1 billion credit union in adoption and transaction marketing.
iPay is based in Elizabethtown, Ky.
A new Federal Reserve Bank of Boston report shows bank lending to private credit has grown over the past decade, though insight into the opaque lending market is limited.
Congress has little time to move on the CLARITY Act before it breaks for recess. But even that bill won't ensure the future for stablecoins.
Neither company would say how many patents the deal covers, whether either paid the other, or whether USAA pressed its claims first.
Bond yields rose after Federal Reserve Chair Kevin Warsh's second press conference last week, and bankers may have to accept higher rates as the price of a more parsimonious Fed.
Banco Santander's pending acquisition of Webster Financial got approval from the Federal Reserve Board about five months after the deal was first announced.
Brokerages are too dependent on the billions they make every year from clients' uninvested cash, industry analysts say. LPL is responding with a long-term review of its pricing.
