SAN FRANCISCO - (01/04/06) Visa USA has changed the lookof its signature logo for the first time in three decades. Startingthe new year, the updated brand mark now appears on all newmaterials, including Visa payment cards, merchant decals, marketingmaterials and stadium signage. There is also a new card redesignthat is being rolled out. Among the changes: the dove hologram willmove to the back of the card and be integrated into the magneticstripe, and the three-digit security code, known as the CVV2 code,will be printed on a separate panel next to the signature panel,making it easier for consumers and merchants to read. The cardassociation said that cardholders will also have more space on thefront of the card in order to customize it. Card changes will takeplace over the next three years to five years.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
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St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
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The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
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State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
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