DENVER - (04/24/06) SunCorp CU announced Friday ithas agreed to sell its E-Quality electronic bill payment servicesto MY CU Services, a CUSO that is owned by Mid Atlantic CorporateFCU, Harribsurg, Pa. My CU Services provides e-bill services tomore than 500 credit unions in 46 states. SunCorp said it expectsthe transition to be seamless to its members because MY CU Servicesoperates off an identical platform as SunCorps current billpay product. Functionality will remain the same, and all memberhistory will continue to be maintained. Terms of the deal were notdisclosed.
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Visa is introducing a premium service to the Middle East, and Lloyds Banking says its cash protection product is showing results. Plus, Brex teams up with Doordash and more in the American Banker global payments and fintech roundup.
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A report from Democratic staff on the Senate Permanent Subcommittee on Investigations said accounting firm KPMG gave Silicon Valley Bank, Signature Bank and First Republic clean audits despite internal warnings, fraud allegations and apparent risks of failure.
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Each year, American Banker chooses five teams that embody the spirit of collaboration and illustrate how teamwork can have a substantial impact on a bank's top and bottom lines.
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