DEER PARK, Texas – Shell FCU has signed a full-service, single-sourced comprehensive electronic processing contract with Vantiv.
The deal calls for debit card services, card production, gateway services, debit portfolio management, fraud mitigation, enhanced charge-back processing and ATM driving.
Vantiv, known until recently as Fifth Third Processing Solutions, is a joint venture between Fifth Third Bancorp and Advent International.
American Banker research finds that while more than 30% agree buy now/pay later is good for banks and consumers, the majority of respondents are unconvinced.
The Iran war's disruptions have sent oil prices jumping, but drillers are far more disciplined than they were a decade ago.
The litigants, with some of the industry's deepest pockets, may be filing the rare cases to flag and potentially punish bad brokers, one expert said.
Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., have released compromise language on stablecoin yield for a long-awaited crypto market structure bill, clearing the way for a markup in the near future.
The FDIC moved quickly on Friday to sell $288 million in assets Community Bank and Trust – West Georgia to Anchor Bank, but the sale announcement leaves the fate of $27 million in uninsured deposits to be determined.
Market watchers think Jerome Powell will maintain a low-key presence on the Fed board as he awaits the release of an inspector general report examining cost overruns at the central bank's headquarters.
