SAN FRANCISCO - (06/22/06) Visa USA confirmed a new ATMsecurity breach Tuesday that may have compromised customer accountsat dozens of credit unions and banks. The latest breach apparentlydates back to February when Visa began notifying card issuers of asecurity problem affecting a U.S.-based contractor that processedATM transactions.Visa publicly acknowledged the latest breach inresponse to media inquiries about Wachovia Banks latestrecall of thousands of debit cards. Visa said it is working withits member banks credit unions and authorities "to do whatever isnecessary to protect cardholders." Under Visa's policy, consumersaren't held liable for any unauthorized purchases made with theircards.
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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.
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The Iran war's disruptions have sent oil prices jumping, but drillers are far more disciplined than they were a decade ago.
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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.
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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.
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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.
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Banner Bank is poised to merge with Bank of the Pacific in an all-stock deal valued at $177 million. The two Washington-based commercial banks both have branches in Washington and Oregon.
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