ST. PETERSBURG, Fla. - (02/14/06) -- The Armed Forces Financial Networkand MasterCard International announced Monday that U.S. troopsdeployed around the world can use their AFFN-branded cards toaccess MasterCard's Maestro merchant and Cirrus ATM debit networks.AFFN, which is jointly owned by defense credit unions and banks,and MasterCard began a pilot of the program in December 2004.AFFN-qualified credit union and bank identification numbers havebeen added to the Maestro and Cirrus BIN tables. In addition,merchants are being told to treat the AFFN network as synonymouswith Maestro. There is no need for new cards, new branding ormembership standards, the two partners say. AFFN serves more than337 financial institutions around the world and 92 millioncardholders, at more than 181,000 ATMs and 1.2 million merchantlocations.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
11h ago -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
11h ago -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








