USAA

40 results about this entity

Period: 11 Aug 2009 - 01 Sep 2023

/payments

USAA secures cheque imaging patent agreement with Discover

Online military bank USAA has recorded another victory in its long-running effort to protect its remote deposit capture patents, reaching a licensing agreement with Discover Financial Services.

/regulation

FinCEN fines USAA $140 million for violating Bank Secrecy Act

The Financial Crimes Enforcement Network (FinCEN) today announced that it has assessed a $140 million civil money penalty against USAA Federal Savings Bank (USAA FSB) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations.

/regulation

USAA fined $85 milion for defective compliance and IT risk management

The Office of the Comptroller of the Currency (OCC) today assessed a $85 million civil money penalty against USAA, Federal Savings Bank.

/retail

Jury tells Wells Fargo to pay USAA $200m over cheque imaging patent infringement

A Texas jury has found that Wells Fargo wilfully infringed on remote deposit capture patents held by USAA, awarding the online military bank $200 million in damages.

/payments

USAA invests in BillGO

An affiliate of San Antonio-based USAA, the financial services company serving the military and their families, is the lead investor in the latest round of funding for BillGO.

/regulation

Regulator tells USAA to fix lax information security

USAA Federal Savings Bank has been slapped with a cease-and-desist order by the Office of the Comptroller of the Currency for, among other things, an IT programme not in compliance with information security standards.

/regulation

CFPB slaps USAA with $12 million fine for EFT violations

The Consumer Financial Protection Bureau (CFPB) has fined USAA $12 million for failing to honour consumers' requests to stop payments and undertake reasonable error resolution investigations.

USAA trials augmented reality app for car buying

USAA is piloting an augmented reality app that lets members point their phone at any car made this century and see information like purchase price, cost of insurance and whether there are any similar vehicles for sale in the area.

USAA inks data exchange deals with Finicity and Intuit

USAA is opening up, striking deals with Intuit and Finicity that will see members able to more easily share their data with third-party apps - without having to hand over their login credentials.

USAA sues Wells Fargo over remote deposit capture patents

USAA has filed a federal lawsuit against Wells Fargo alleging patent infringement on its mobile remote deposit capture technology.

Santander InnoVentures joins $25m Roostify funding round

San Francisco-based digital lending platform provider Roostify has closed a $25 million Series B financing round joined by Santander InnoVentures, Cota Capital and Point72 Ventures.

USAA to hire up to 1000 technology professionals in Phoenix

USAA announced plans to hire up to 1,000 technology professionals between now and year-end 2020 at its Phoenix campus.