Unitus Community Credit Union has introduced a Platinum Rewards Visa. Members can earn points for every $1 spent-redeemable in the form of travel (without black-out travel dates), gift certificates, merchandise, charitable contributions, cash back and reductions in interest rates at the credit union. The card carries a $25 annual fee that will be waived if a cardholder has a minimum $2,500 in purchases in a 12-month period.
Closing its Brex acquisition adds a corporate-focused fintech and new agentic commerce tools to an already considerable consumer payments division.
American Banker data found that those who upped artificial intelligence spending by more than 25% in the last year saw major improvements in employee output.
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
Organizers of the Winter Park-based Portrait Bank said they exceeded their capital-raise target by a wide margin, clearing the path for a June soft launch.
