MADISON, Wis. - (10/26/05) -- UW CU said Tuesday it will becomethe first financial institution to deploy Corillian IntelligentAuthentication, a two-factor online user identification solution.The new system is designed to comply with the new federalregulatory directive that all credit unions and banks implementtwo-factor authentication for online transactions by the end of2006. The system builds a history of access signatures forindividual users by automatically collecting and validatinginformation about each user's computer and method of Internet siteaccess, leveraging a variety of identification points including IPaddress, Internet service provider, PC and browser settings, timeof day and geographic location.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
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A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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