HARRISBURG, Pa. - (12/16/04) -- eCU Technologies said it has joinedwith DocuMatix to provide credit unions with e-mail alertcapability. The service will allow automatic distribution of creditunion e-mails via HTML or text when a member's account showsactivity such as a credit card transaction, a balance droppingbelow a specified amount or loan payments due. Subscribers also canreceive alerts in more than 170 countries across 500 mobile carriernetworks via any wireless SMS-enabled service, such as a digitalphone or personal digital assistant.
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Noninterest income at the Minneapolis-based company jumped more than 10% while asset quality improved and expenses held steady.
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The bank technology company has released Smart Basket, which uses emerging artificial intelligence to improve transaction routing, a strategy that's quickly becoming table stakes for fintechs and financial institutions that offer payments.
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The Canadian bank plans to sell the branches, which are mostly in the Midwest and Great Plains, to First Citizens Bank in North Carolina. At the same time, it plans to build 150 branches over the next five years in markets with longer-term growth prospects.
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Bank of New York Mellon recorded another quarter of higher-than-expected revenue and earnings. Revenue for the third quarter rose 9% year over year, while earnings per share beat Wall Street's forecast by 12 cents.
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During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
October 15 -
PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
October 15