DALLAS - (07/13/06) Credit union-owned TNB CardServices said it has converted five more credit unions in fourstates to its card processing platform. The new processing clientsare Alhambra CU, Phoenix, Coosa Pines FCU, Childersburg, Alabama;DPL FCU and Louviers FCU, both of Newark, Del., and Soo Line CU,Minneapolis. TNB Card Services is a wholly owned unit of creditunion-owned Town North National Bank.
Kasisto developed one of the first conversational AI chatbots for banks, and the deal brings its technology to Backbase's new AI-based bank operating system.
The Federal Reserve's new chair wants to change the way the central bank communicates with markets and the public. What those changes ultimately amount to could represent a major shift in an agency that has made transparency a guiding light for decades.
The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
