RIVERSIDE, Calif. - (01/11/06) Increasing numbers of creditunions are turning to Voice Over Internet Protocol to improve theperformance and reduce costs of their telephone service. Voice OverInternet Protocol enables voice conversations through privateInternet-based networks or the public Internet. Businesses pay afee to an Internet service provider to use the Internet, but thecall itself carries little or no fee as long as it is transmittedwithin the voice-over IP network. Among the area credit unions thathave introduced VoIP are Wescom CU and Altura CU. Altura CU, inRiverside, invested about $100,000 in a 100-telephone Internetnetwork for its call center, mostly for routing calls among officesand at-home workers. The credit union uses NEC and Cisco Systemsequipment. Irvine-based Zeacom Inc. Routes incoming calls over theInternet to Alturas 11 branches and five CUSOoffices.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
September 12