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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity. We have also included the IBIS World 2024 risk ratings to provide some context for the credit and operating risk of the counterparty.

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Credit Union Sues Fiserv Over ‘Baffling’ Security Lapses

PYMNTS

Bessemer System Federal Credit Union, a financial organization in Pennsylvania, is suing financial technology company Fiserv Solutions over what it calls rampant billing errors, significant bugs and “baffling” security lapses, according to reports.

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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

PYMNTS

House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. Uber Turns App Into ‘Everyday Operating System’. Today in the payments news roundup, the U.S. payments ecosystem implications. Congress Presses Fed On Real-Time Payments Plan .

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The 2023 GonzoBanker Awards

Gonzobanker

Importantly, Jeff’s contributions to the credit union industry and the Pennsylvania community are simply too long to list. The John Lovitz “Yeah My Wife Morgan Fairchild Award” – goes to fellow pathological liar and now former OCC Chief Financial Technology Officer Prashant Bhardwaj. The poor payroll and benefits coordinator!

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