ONTARIO, Calif. - (10/04/05) -- The CO-OP Network announced Mondaynight it had successfully captured, imaged and cleared its firstdigital check image from an ATM, an important break-through for thecredit union-owned electronic funds network. A team consisting ofThe CO-OP, eFunds, NCR Corp., California Center CU and WesCorp FCU,used a California Center CU ATM card and deposited $25 through anNCR Personas M ATM, where it was routed through the CO-OP,processed at eFunds, then cleared through WesCorp. The CO-OP plansto continue working with the same entities to introduce acomprehensive check imaging service across multiple ATM terminaltypes. The technology will be available in the first quarter of2006. The CO-OP connects more than 1,800 credit unions from coastto coast.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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