IRONDALE, Ala. - (06/08/05) -- Corporate America CU said it hassigned with Metavante's Advanced Financial Solutions unit toimplement the company's AFS branch capture, check image exchangeand IRD solution to expand its Check 21 item processing offerings.The new solution will complement the suite of Check 21 image-baseditem processing and check clearing solutions that Corporate AmericaCU makes available to its 200 credit union members. AFS BranchCapture allows Corporate America's member credit unions toimage-capture and truncate check transactions at the branches, thentransmit the images to the corporate's regional image-itemprocessing center. It also eliminates the microfilming oftransactions at the branches and provides the foundation for checkimage exchange.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
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Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
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