DURHAM, N.C. – RTP FCU has become the first credit union in the country to convert to a real-time interface with Open Solutions' “The Complete Credit Union System,” which also is referred to as the “Standard Market Edition.”
The credit union is utilizing the interface for its in-house Visa credit and debit cards. The solution is being provided by OneBridge, an Indianapolis-based credit and debit card processor.
The Federal Reserve Board Thursday followed the lead of other regulators in seeking comment on its implementation of the landmark stablecoin legislation that passed in 2025.
George Boyan is named CEO of New Jersey-based Unity Bancorp as James Hughes announces his retirement; the American Bankers Association has elected Iowa banker Matt Lujano as chair of the association's Community Bankers Council; fintech-turned-digital bank SoFi's stablecoin settlement partnership with Mastercard is now live; and more in this week's banking news roundup.
The Republican-led bank, which touts itself as "pro-America," has struggled to turn a profit. The Federal Deposit Insurance Corp. said Old Glory failed to respond to a prior warning about capital deficiencies.
Artificial intelligence could be a powerful tool, but it seems that just about everybody using it has realized one thing: it is not inherently trustworthy.
Open Standard, a stablecoin consortium with more than 140 partners, formalized its governance structure, founding partners, and leadership, cementing it as an emerging competitive threat thanks to the wide distribution network of its founding partners and its shared economics model, from which banks can earn revenue.
